Welcome to Simple CryptoInformation on Bitcoin, Blockchain, Alt Coins, Ethereum, Ripple, Dash, Zcash and more....!
Here we will try to help those people who are new to the world of “Crypto Currencies” make sense of the technical jargon and cut through the hype and opinions to give you clear correct information on Bitcoin primarily but also introduce Blockchain technologies and Alt Coins
So which camp do you fall in?
Click the circle you think you most closely fit to get further information
Want to get involved
Its a bubble
2017 was the year Crypto’s really took off
but did you miss the boat? click here to find out why 2018 and 2019 could still be a great time to get involved
Percentage increase from 1st Jan 2017 – Dec 31 2017
Want to Get Involved?
The easiest way to get Bitcoin is to “Buy” some on an Exchange. You will need an account with an Exchange like Bitstamp
Earn Bitcoin by helping to verify other peoples transactions on the Blockchain, this is called MINING. Invest in hardware and join a mining pool to earn Bitcoin daily
Many people believe the price will go up to $1M per Bitcoin as the size of the market increases. The more Bitcoins you hold at that point the better – See to HODL (Hold On for Dear Life), HODL’er some one who keeps stacking their Bitcoin in their wallet and doesnt spend it.
Enterprise Ethereum Alliance Members
Some of the largest companies in the world have spent the last few years getting involved in Bitcoin, Ethereum & Blockchain technologies
Bitcoin is the biggest revolution in the finance industry in the last 100 years
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” [Source: Bloomberg]
“Bitcoin is a technological tour de force.” [Source: FoxBusiness]
“There’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.” [Source: Bitcoin.com]
“Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.” [Source: CNBC]
“In the long term Bitcoin moves above $500,000 within three years. Bets?”McAfee tweeted on 17 July 2017.[Source: RT.com]
“It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.” [Source: RT YouTube]
“[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.” [Source: Newsbtc.com]
“When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the goverment …[that] is actually pretty cool.” [Source: Learning Bitcoin]
“PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.” [Source: Cryptocoinnews]
“Cryptocurrency Protocols Are Like Onions… One common design philosophy among many cryptocurrency 2.0 protocols is the idea that, just like the internet, cryptocurrency design would work best if protocols split off into different layers. Under this strain of thought, Bitcoin is to be thought of as a sort of TCP/IP of the cryptocurrency ecosystem, and other next-generation protocols can be built on top of Bitcoin much like we have SMTP for email, HTTP for webpages and XMPP for chat all on top of TCP as a common underlying data layer.” [Source: Weusecoins.com]
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