BASICS EDITION: Become a Smart Investor
A weekly newsletter devoted to those starting to invest in Bitcoin, altcoins, tokens, and blockchain startups. If you're ready to move up, become a member of our PRO investors community with exclusive coverage access. Subscribe now.
The Big Picture with Kyle Torpey
Perspective and Context for Bitcoin/Altcoin Investors
How to Guard Against Bitcoin Theft
While bitcoin and altcoins have gained a lot of traction over the past year or so, this new technology may still not be ready for the limelight due to the usability issues around properly securing private keys.
Private keys are what signify who has control over specific coins on a particular blockchain. The individual or entity who holds the private key to a particular address is the only one who has the power to send the coins connected to that address elsewhere.
For this reason, those who wish to profit from the new age of finance must understand how to properly secure their private keys. After all, a winning bet on a particular digital asset will only lead to actual profits if the associated private keys are kept secure from theft or user error.
Click here to learn how to keep your bitcoin and altcoins secure.
Until next week,
Kyle Torpey
Bitcoiner Since 2013
Bitcoin Market Journal
Investor Resources
Answers to our most-asked questions about bitcoin, altcoins, and ICOs.
7 Types of Investors You Will Find in Crypto Markets
Since cryptocurrencies went mainstream in 2017, you can now find a wide range of investors in the crypto asset market.
In this article, you will discover the seven most common type of investors you will find in new finance so that you are aware of who you are dealing with when you execute a trade.
How to Buy Bitcoin Cash: A Step-by-Step Guide (with Pics!)
Anyone that follows bitcoin may be aware that it is a flawed currency. The limited block size makes transactions agonizingly slow, for example, with transaction completion taking up to four days to complete. While the small block size was originally introduced to prevent malicious actors from adding meaningless block data, which would slow down blockchain processing time as a form of denial-of-service attack, the solution limits the network’s scalability and – by not leaving enough space for the full signature – malleability.
Bitcoin Basics: What Is an Airdrop in Crytocurrency?
The two most beautiful words to any investor are “free money.” Free money is why you open 401(k)s and contribute the maximum when your employer offers a matching fund. Free money is why you look for deals. And, in the altcoin space, free money can be a way to get attention for your new coin.
Bitcoin Basics: What Is Immutability and Why Does It Matter?
It’s not a surprise how many financial institutions use rock imagery in their design and logos. It’s not just a certain insurer who uses the Rock of Gibraltar as their logo; if you look at banks and how they sell themselves, you’ll read a lot about keystones and bedrocks. And that extends even to the altcoins trying to replace a lot of financial institutions. They talk quite a bit about “immutability” when it comes to the blockchain, and it’s much the same idea.
Bitcoin Basics: What Is Mining Difficulty and Why Does It Matter?
One of the simplest laws of economics is the harder it is to do something, the more paying someone else to do it will cost you. This is why labor is one of the highest costs in any industry. This presents a strange problem for altcoins because as they become more popular, more and more people start trying to mine them. It’s another supply and demand problem. There’s more labor than the network needs to mine a block, so the cost of that labor, and thus the value of that block, go down, crashing the value of the coin.
That is, unless you make it harder to mine the block over time. This is where mining difficulty control comes into play.
Investing Ideas and Opportunities
New altcoins and ICOs that we think are worth a look.
Ubex is a global decentralized advertising exchange, operating fully on the basis of neural networks with the use of blockchain and smart contracts. Ubex allows passage from the traditional pay per click scheme to the model of payment for targeted actions, the most fair and interesting model for advertisers.
See the details
LocalCoinSwap (LCS) is a decentralised marketplace which allows buyers and sellers to trade directly in any cryptocurrency using any method of payment. LocalCoinSwap provides a safe, uncomplicated and fast peer-to-peer (P2P) trading platform, allowing users to freely exchange without unnecessary verification requirements or waiting times. The platform utilises a secure escrow system that solves the inherent trust issues of online P2P trading.
See the details
NYNJA Group Ltd. is creating the first blockchain-enabled operating system to combine communication, e-commerce and an app marketplace in an open and secure global platform. NYNJA vOS will be a new type of advanced virtual operating system that decentralizes the need for hardware specific platforms and provides developers with the tools to create innovative new applications within its blockchain ecosystem. With the global infrastructure to create a seamless user experience in one unified platform, core features of the NYNJA vOS will include text, voice and video communication, an on-demand services marketplace and a vibrant app marketplace — all connected by NYNJAcoin, the platform’s own cryptocurrency token, and easily managed through the NYNJA wallet.
See the details
- See more about the system we use to reach this score.
VIDEO: DECENTRALIZATION EXPLAINED IN THREE MINUTES
Decentralization Explained in Three Minutes
To understand blockchain, you need to understand decentralization. Here are a few simple examples.
More Investor Resources on BMJ
Bitcoin 101: What It Is, How It Works, and How to Invest
How to Buy Bitcoin on Coinbase, Step by Step (With Photos)
Altcoin Investing 101: How to Build Long-Term Wealth
Altcoin Reviews
Our ICO Manifesto (PDF)
How to Invest in ICOs
Upcoming ICOs
Completed ICOs
News For New Finance Investors
Our weekly roundup of news you need to know.
Headphones Maker Monster Products Files for a $300 Million ICO
Bittrex Gets Bank Agreement to Help You Buy Bitcoin With Dollars
Hackers Commandeered 3 Cryptocurrency Networks, Stole Millions
In the World of Cryptocurrency, Even Good Projects Can Go Bad
Disclaimer: Bitcoin Market Journal nor its parent company, Media Shower Inc., PROVIDE FINANCIAL, ACCOUNTING, INVESTMENT, TAX, LEGAL OR OTHER SERVICES AND in no event shall its Website, the Services or any Content be deemed financial, accounting, INVESTMENT, tax or legal advice. NEITHER USE OF THE WEBSITE or content NOR THE PROVISION OF SERVICES creates, nor IS N INTENDED TO create, ANY PROFESSIONAL RELATIONSHIP BETWEEN THE COMPANY AND ANY USER OF THE WEBSITE OR THE SERVICES, AND IS NOT PROTECTED BY THE ATTORNEY-CLIENT OR OTHER PRIVILEGE. YOUR USE OF THE WEBSITE, content AND SERVICES IS AT YOUR OWN RISK.
Health, wealth, and happiness.
The Bitcoin Market Journal editorial team