Posts for Crypto Category

Advantages of Using Bitcoins As Compared to Other Currencies 

Bitcoin, Crypto - Ruth - January 2, 2022

The major benefit of bitcoin is that it is a versatile currency and easy to access. With the help of this, you can spend the money in another country and easily exchange the money. Bitcoin is also easily sold at any time. Apart from this, bitcoin is the best way to investment and it so offers good opportunities to people. There are various benefits of using the bitcoin which is discussed in the following paragraphs.


It is one of the biggest advantages of cryptocurrency and there is no kind of burden. Apart from this, a major benefit of bitcoin is that it can be accessed easily and it is also a versatile currency. In addition, is amp crypto a good investment is a most common question which is discussed below.

It is also taken a few times to transfer the bitcoin to the other user. This makes it easier to spend money to another country for goods and other services which is more flexible and you are able to get lots of profit because of the use of bitcoins. In addition, it is also a good way to exchange the currency with having little bonus on no fee applied. Moreover, bit country is also easily sold at any moment.

Independence from the central authority

Bitcoin is a digitalized currency and it is not regulated by the government or central bank. Apart from this, there is no text played on the bitcoin because it is not under in any kind of Central bank and government. In addition, the user is able to control the money because it is a convenient way to trade and exchange the amount. 

It is also possible to access the money from one country to another country. In other words, nobody can view the amount of bitcoin so it is a more accessible and safest way. In addition, cryptocurrency is one of the main advantages that is given to the users. Moreover, the bitcoins also give independence from the central authority while accessing the money in the form of bitcoins.

Transparency and user anonymity

The users of the bitcoins are identified with unique numeric numbers or codes and also use the public key to provide security to personal information. Apart from this, bitcoin is also ensuring that there is no public tracking and banks are also not able to track the user account. So, there is no available transaction report regarding the bitcoin in the banks. 

In addition, the strategy of the bitcoin gives you transparency which is more beneficial to the users and they are able to do the transaction and other things without any kind of trouble. Moreover, for added security and Anonymity, you can also generate a new address to keep the information safe. This is one of the best ways and it is also more profitable for the user. Without any problem, users can transfer the bitcoin from one to another account.

Continue Reading

Bitcoin Seems to be on the Way Back…

Bitcoin, Crypto - Ruth - December 19, 2021

Organic Rise in Value:

Bitcoin is rising in value again, but it is happening slowly, so that’s a good thing because it means the rise in Bitcoin value is organic rather than being driven by investment bankers putting millions into Bitcoin to drive the price up, so that they can sell again and manipulate the prices at the same time as taking profit. Perhaps they’ve realised that if they just let Bitcoin go on its way, it’s going to be worth a fortune in 3 to 5 years, and they’ll be able to make far more money by selling then, than they could make by selling now, only making a few thousand on every coin they own.

With the help of the online crypto Binance exchange platform, there is the building of successful community of crypto trading. All the traders who are registering on the online platform you are educated and talented. They are passionate to join the global teams for trading in the cryptocurrency.

Or perhaps there is going to be a sudden rise back to $20,000 – $25,000 before another sell-off. Who can know? But we will know that ‘whales’ are involved if that happens.

Fake News and Non-Stories Putting Bitcoin down are Still Happening:

But there has been a lot of good news along with the fake stuff. I want to be clear about this. If you read mainstream media, especially the popular press, like The Sun, most of what you read about Bitcoin will be fake or exaggerated. A story about an exchange can easily be exaggerated into something drastic happening. But if you are an intelligent reader, you’ll notice that no sources are given. You’ll read things like, ‘Sources at Bitfinex say that …. Blah blah, blah’

Discriminate between Real News and Fake News:

The difference between real news and fake news is that real news always names its sources. People behind real news are willing to be named and interviewed. Because they’ll stand behind what they are saying. Behind fake news, on the other hand, stories mandated by central banks, government, and fake reporters who really work for the security services, who in turn, really work for the central banks turn out to be different, and don’t have any real news. Instead, they take rumours, exaggerate them, and turn then into stories that create fear of cryptocurrency in the general unknowing public who believe what they read in their popular rag. Here is an example from The Sun:

An example of non-news is this Bitcoin-damaging story from The British Newspaper, The Sun. I’m using the clipping here under Fair Use and Criticism policy.

The reason this is non-news is clear. Note the lack of a source: “Security analysts believe…” Really, which security analysts? And then there is the figure involved, £152 million. It costs a lot more than that to produce even one nuclear weapon.

We are looking at roughly $400 million for each operational missile, with the “flyaway” cost of each warhead estimated at 20 to 70 million dollars.

LGM-118 Peacekeeper – Wikipedia

Plus, the story is entirely speculation. It is Fake News!

You might as well say, British Nuclear Submarines could be funded by Bitcoin purchased by agents working for Black Ops.

Or, The CIA could be buying drugs from Afghanistan with Bitcoin.

What makes a story?

There should be sources mentioned. It should be checkable. Try checking any of the above! Ideally the journalist should be by-lined. It’s a fantastic Scoop, right? Why would nobody want to be named as the writer? It should be true, or at least provide a solid basis for reaching the conclusion of the article.

This piece in The Sun, therefore, is not a story, even if people in North Korea have managed to purchase £152m worth of Bitcoin. NOT A STORY. Confabulation, more likely, in my humble opinion. And I’m entitled to my opinion, right? Based on the above, what is your opinion? I think I already know and know you’d like to share this story so that others will know and see through the lies of the common media. When you get the chance to click the share button for your favorite media platforms, please do so, because sharing information like this is doing kindness for your friends.

If The Sun had any type of reputation except for producing something that is basically a comic for non-thinkers, this story would be damaging to their reputation. It’s fake news, but their readers will lap it up. Sun readers with no sense of discrimination or critical thinkings skills, that is. In other words, the majority of them. Because who reads that crap except for gullible idiots?

Be Sceptical:

The answer is to be completely skeptical about anything you read and do your own research. Generally, you’ll find that the stories have been exaggerated or even completely confabulated. Bitcoin can’t be stopped, because people like you and I will hold for years. And we’ll maybe sell off a few bitcoin once it reaches $300,000 – to $500,000 per coin. if you slow down the progress by taking profit at $20,000 or $30,000 or even $100,000 you do yourself long-term harm by slowing down the time it’ll take bitcoin to reach ten times that value. And if you are an investment banker, that goes for you too!

My usual disclaimer: Not investment advice. But keep your eyes open soon for something very exciting happening in the cryptocurrency world: A Bitcoin Giftcard, that allows you to send anyone a secure gift of Bitcoin, or a portion of Bitcoin. It’s happening real soon, and I’ll be announcing the details.

Continue Reading

Chinas Central Tv Warns Of The Dangers Of Cryptocurrency Otc Business

Bitcoin, Crypto, Guide - Ruth - August 13, 2021

Ever felt curious how Chinese language business cryptocurrency exchanges are closed? Closing Saturday November 11, China’s Central Tv (CCTV-13) aired a program about bitcoin over-the-counter buying and selling within the nation.

You need to get a Antminer S19 Pro which does not offer any danger to the business. The running of the business is with the correct miner to have the desired results. The understanding of the program is essential for the selection of the correct miner product. Learning about the products is essential for the people.

Additionally Learn: China Screens Booming OTC Bitcoin Marketplace After Shutting Down Exchanges

OTC Bitcoin Ads Clustering Wechat Teams

This system unearths that commercials about cryptocurrency OTC buying and selling were clustering WeChat teams like an endemic during the last month. The channel’s information reporter additionally interviews early bitcoin adopter Wang who demonstrates how simple it’s to business via OTC.

“It’s so simple as sending an e mail,” says Wang. He teaches the reporter to obtain a bitcoin pockets and sends her some bitcoin through scanning her QR code. Wang continues to show the best way to business at OTC platforms like

No KYC Requirement Leaves Room for Unlawful Switch of Property

Consistent with CCTV’s broadcast, many Chinese language cryptocurrency OTC platforms don’t ask for any KYC knowledge. Customers don’t need to check in on some platforms to shop for and promote with Wechat pay or Alipay, which leaves room for illegal activity.

“Bitcoin OTC buying and selling is more likely to function an underground financial institution for switch of belongings,” notes Yang Tao, assistant to the president of Institute of Finance and Banking of the Chinese language Academy of Social Sciences.

Nationwide Committee of Professionals at the Web Monetary Safety of Generation of China, a government-backed analysis team, instructed CCTV that BTC and CNY OTC buying and selling pairs have greater from five p.c to 20 p.c at two main global platforms for the reason that Chinese language close down crypto exchanges.

The Committee warns that bitcoin and altcoins lack inherent worth and that their speculative nature may just draw in and misinform naive learners to the distance.

Why Will have to Cryptocurrency Buying and selling Products and services Be Regulated in China?

Those so-called digital cash don’t seem to be currencies. They don’t have criminal comfortable standing for use as approach of fee and unit of account in China in keeping with present rules we’ve got. And so they will have to no longer be circulated within the nation

That’s what Li Dongrong, president of Nationwide Web Finance Affiliation of China, needed to say at the topic. He provides that evidences has proven that nameless crypto buying and selling supplies a handy software for cash laundering and smuggling. At the present, renminbi is the only real criminal comfortable foreign money in China.

Continue Reading