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How Bitcoin Can Change The World

“The future of money,” “drug dealer’s dream,” “transformative,” “disruptive”– Bitcoin has been called many things. Beyond its anonymous nature, bitcoin has the potential to change the way we bank, make transactions, and view money. Let’s examine bitcoin’s potential and its challenges. Future of Bitcoin Adoption To transfer money to a friend, my bank takes a cut for […]

How Rich You’d Be If You Had Purchased $100 of Bitcoin in 2011

Robert Arnott said it best, “In investing, what is comfortable is rarely profitable.” The decentralized, peer-to-peer, cryptocurrency system called bitcoin puts this claim to the test. The following is how you would have fared throughout the years if you had bought $100 worth of bitcoin back in 2011. 2011: Off to a Good Start For purposes of […]

Are There Taxes On Bitcoins?

Kushal Agarwal recently wrote an interesting article on Investopedia about the Tax implications on Bitcoins. Here are a few snippets for our readers. Around the world, tax authorities have tried to bring forth regulations on bitcoins. The US Internal Revenue Service (IRS) and its counterparts from other countries are mostly on the same page when it comes to […]

Bitcoin – 3 Reasons to Buy, and to Stay Away

Fortune Magazine carried out an interesting article about the upside and downside of investing in BitCoins. Here are some excerpts: 3 Reasons to Buy Bitcoin Major investors and the financial industry is taking it seriously Since its creation in 2008, Bitcoin’s biggest boosters have been computer geeks and libertarians. But recently, they’ve been joined by […]