Why is Bitcoin so Volatile?
Bitcoin is known for being volatile, and it’s one of the properties that allows people to profit off short-term trading. It’s also what scares others off, and prevents adoption and acceptance from becoming wider spread.
Volatility is the speed or rate at which an asset’s price changes over a specific period of time. When we refer to an asset as being “volatile,” or having “high volatility,” it means there’s a tendency for it to wildly swing in price. …
How Liquid is Bitcoin?
The word “liquidity” applies to assets, and is an important measure in the financial world — but it’s also a little complex. People often ask, “How liquid is Bitcoin?” And the answer depends on a few things.
Let’s take a look at this concept, and discover what makes an asset more or less liquid.
“Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price,” explains Investopedia. “In other words, liquidity describes the degree to which an asset can be quickly bought or sold in…
A Deep Dive into Bitcoin’s Little Brother, Bitcoin Cash
To understand Bitcoin Cash, you first have to understand Bitcoin, because Bitcoin is the foundation of Bitcoin Cash, and it’s the small details that separate the two of them.
If you don’t already know, Bitcoin is a decentralized digital currency system recorded on a public ledger called a blockchain. It was first created in 2008 by pseudonymous programmer Satoshi Nakamoto. Over the following years, Bitcoin became increasingly accepted amongst investors and technology enthusiasts. With its rise in popularity, people began to question whether Bitcoin was structured to support such largescale usage.
To HODL or Not to HODL
(Originally published October 23, 2020, on Coin Cloud)
“Should I HODL or SELL?” I asked myself when Bitcoin soared over $13,000 earlier this week.
Going by the age-old adage to “buy low, sell high,” in theory it would have been a good time to sell. After all, when I bought some Bitcoin it was closer to $9,000, so that’s a 40% increase. On a whole bitcoin, it’s a $4,000 profit. Not too shabby, right?
But I chose to “hodl.” Why?
(And what the heck is hodling, anyhow?)
If you’re not familiar with the term…
Will the Bitcoin Bubble Burst?
Ever since Bitcoin’s price started going up, and especially when it first reached the 4-figure mark in 2013, people from novices to financial experts have been calling it a bubble.
In fact, when it first hit a value of $31 in 2011, and then dropped back down to $2 within a few months, the “Bitcoin Bubble” moniker was quick to be applied. Those numbers are laughable compared to today’s $13,000 … but everything is relative.
Then when it reached almost $20,000 in 2017, to immediately lose 1/3 of its value in 24 hours … you…
How Do You Convert Crypto to Fiat?
Yesterday we talked about what “fiat to crypto” means, and how you can use Bitcoin ATMs to buy cryptocurrency with cash.
But did you know that some Bitcoin ATMs also let you covert crypto to fiat? While only 20% of all BTMs allow you to do this, 100% of Coin Cloud BTMs do.
Yes, that’s correct … ALL Coin Cloud Bitcoin ATMs let you buy AND sell digital currency, even though 80% of BTMs don’t. Coin Cloud is the only national brand that allows you to cash out at any machine.
How Do You Convert Fiat to Crypto?
If the crypto world wasn’t cryptic enough, along come “mainstream” financial terms that are just as confusing.
We toss around words and phrases like they’re common knowledge, but we realize they’re not when we check what questions our customer service team fields.
One common question is, “What does ‘fiat to crypto’ mean?” And once we explain that, they want to know, “How do you convert fiat to crypto?”
Fiat is just mainstream legal tender, or official national currency, issued by governments. This includes the US Dollar, Canadian Dollar, Euro, Japanese Yen, etc.
Fun and Creative Ways to Use Cryptocurrency
What are some fun and unexpected ways you can use your crypto?
Too often, digital currency is seen as a boringly serious (or seriously boring!) thing. Common thoughts that come to mind for those who don’t use it are that it’s confusing, only for investors, dangerous, or any other variety of other not-so-exciting things. This really couldn’t be farther from the truth.
While cryptocurrency is great to invest in, that’s hardly its only use. Keep in mind that crypto, like official legal tender, can act like money in certain situations (which is why…
5 Celebrities Who Are Invested in Cryptocurrency
Cryptocurrency has only been becoming more and more popular since its initial boom. It’s no surprise that this exciting news would reach the celebrities who we watch on our screens. In fact, many celebrities have made public endorsements and investments in digital currency since its rise.
Let’s look at five celebrities you know who have commented on cryptocurrency.
Former boxer Mike Tyson has probably interacted with Bitcoin more publicly than anyone on this list. Not because he has made his investments public, but Mike Tyson did something different than many other celebrities. In…
Digital Currency Machines Explained
The cryptocurrency industry is confusing enough. Why do we need to make it more complicated by using different terminology?
There are a few things to look at when it comes to figuring out what best to call a machine that offers a service. There’s not just one answer.
Here’s the short answer: A Digital Currency Machine, Cryptocurrency Kiosk, Crypto ATM, Bitcoin ATM and BTM are all basically…
The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.