Joff’s Blog

STRATEGY –

STRATEGY –

Bitcoin Strategy Most crypto-enthusiasts have recognized the potential for having Bitcoin as part of their investment and/or retirement strategy. Given bitcoins have a dollar-denominated value that keeps rising, and is now trading on worldwide exchanges, should you...

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FITTING IN –

FITTING IN –

Overview   Does Bitcoin Terminology fit future needs?  The development of technology usually does outpace the creation of new vocabulary words to describe new processes, concepts or procedures. This is all too true in the case of Bitcoin and cryptocurrency in general....

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TIMING –

TIMING –

Overview  Is Bitcoin Technology ahead of its time? Three years ago, there was an article written about Bitcoin technology and how it was most likely "ahead of its time". Tech-savvy people don't often relate to such a concept, since all new tech is exciting and...

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HALVING –

HALVING –

Overview  What is the 2020 bitcoin halving? A 50% reduction in block rewards on the Bitcoin network is what is referred to as the bitcoin "halving" event, and it is less than a year away. Of course an abnormal change in hashrate could affect the target timeframe....

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IMPACT –

IMPACT –

Overview  Will bitcoin impact your future? If it is hard to imagine a bitcoin impact on your future, then this post is for you! Understanding what bitcoin is might be the first step to determining whether it will influence your future, and how. If you've read up, you...

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BLUE OCEAN –

BLUE OCEAN –

OverviewBitcoin Blue Ocean StrategyThis bitcoin blue ocean post is inspired by an interesting book titled Blue Ocean Strategy by W. Chan Kim and Renée Mauborgne that explores a marketing theory and principles of a strategy called "blue oceans" – meaning unexplored new...

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PROFITS –

PROFITS –

Market Movement StrategyBitcoin ProfitWhen to take bitcoin profit depends on your individual investment strategy – just as with any other investment. However, the crypto space is one often driven by emotion and news. When the market starts moving upward after a bear...

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DIRECTION –

DIRECTION –

Overview It seems like everyone is speculating about the next Bitcoin bull run and predictions are many in the crypto space. The big questions on the minds of investors and those considering investment are the same. Is the bottom in? Has accumulation phase begun? When...

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USING BITCOIN –

USING BITCOIN –

Overview Using Bitcoin is easier than most people think. There are basically four steps involved, and all can be quickly executed using various online services and apps. Bitcoin is different than what you may use to make payments or receive funds via...

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IN A NUTSHELL –

IN A NUTSHELL –

Bitcoin Beginner Basics Explain Bitcoin in a Nutshell To explain Bitcoin simply is something those familiar with the technology are often asked and many of us know the agony of trying to give a short, understandable, yet concise explanation. One of the very things...

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TX FEES –

TX FEES –

Bitcoin Beginner BasicsPart #2 OverviewBitcoin transaction fees is one of the beginner basics series of articles offering as non-technical an explanation as possible to those new to cryptocurrency. While it isn't necessary to learn every aspect of the underlying...

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START HERE –

START HERE –

Bitcoin Beginner Basics Part #1 Overview There has been a lot of buzz and news around the globe to prompt the need for a bitcoin beginner basics guide. While there are several resources on this site that provide basic information, this particular guide is designed to...

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TAXES –

TAXES –

Bitcoin Taxes Overview Understanding Bitcoin taxes and your obligations for reporting gains and losses can be a bit daunting. The important thing to realize is that the IRS takes cryptocurrency taxation seriously, and it is wise that you do so too. Reputable...

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EXCHANGES –

EXCHANGES –

Bitcoin Exchanges Overview Bitcoin exchanges are websites where users can buy, sell, or trade cryptocurrencies. While some offer the ability to exchange crypto for fiat currency, like US dollars or Euro, most only permit trading crypto-for-crypto. One should expect to...

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WALLETS –

WALLETS –

Bitcoin Wallets Overview Bitcoin was created to permit two parties using bitcoin wallets to confidentially exchange value directly with each other, without the need to rely on an intermediary. What that means is, unlike PayPal for example, two individuals can send...

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PREDICTIONS –

PREDICTIONS –

Bitcoin PredictionsBitcoin Prediction:  PriceSo far, despite Bitcoin predictions, 2018 has not seen price levels as expected by many. Of course, what is to be expected when it comes to the price of Bitcoin, or altcoins?  Many entering the crypto space in late 2017...

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DECISIONS –

DECISIONS –

Buying Bitcoin in 2019? Decision Analysis As an investor in Bitcoin for some time now, making the argument for buying bitcoin is an easy one. While the price is currently well below its all-time high of $20K, bitcoin has been an incredible investment with excellent...

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TRIGGERS –

TRIGGERS –

Bitcoin Bull Market in 2019?TriggersIn order for prices to rise kicking off another Bitcoin bull market, investor confidence has to rise. This begs the question, "have investors lost confidence in Bitcoin?" While this may be the case on some level, it makes more sense...

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TRENDS –

TRENDS –

Bitcoin Trends for 20192018 RecapBefore looking at possible Bitcoin trends for a new year, let's quickly recap some of the highlights of 2018. In January 2018 the Bitcoin Lightning Network became live and software for this new payment channel layer was rolled out,...

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LIGHTNING –

LIGHTNING –

Bitcoin Lightning Network News Need for Bitcoin Lightning In order to enable fast transactions and a possible solution to the scalability issues, Bitcoin Lightning Network is a second layer payment protocol that operates on top of the blockchain. This peer-to-peer...

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KYC –

KYC –

Cryptocurrency KYC There is much debate regarding cryptocurrency KYC (know-your-customer) requirements among digital currency enthusiasts. The stipulations for KYC have long been an issue for those who place importance on their anonymity, but many also see KYC as a...

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TRANSFER –

TRANSFER –

Cryptocurrency Wealth Transfer There have been many articles on the subject of cryptocurrency wealth transfer, but what exactly are they talking about? Pretty much everyone is aware that in 2017 a lot of investors lost money having bought Bitcoin at $20,000 during...

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BEAR WATCH –

BEAR WATCH –

Cryptocurrency Bear Market A cryptocurrency bear market happens when the prices drop and lack of investor confidence causes the drop to be long-term as investors hope to avoid losses by selling off their holdings. Bitcoin hit its all-time high of $19,783 on December...

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ADOPTION –

ADOPTION –

Bitcoin Adoption Statistics Bitcoin adoption is increasing, but what are the actual figures? At the beginning of January 2017, the price of Bitcoin was $979 and by the end of the year, it had exceeded and then retraced to around $14,000 – about a 1,329% increase for...

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BUNDLING –

BUNDLING –

Buying Cryptocurrency in Bundles Never really considered buying cryptocurrency in a "product bundle" like a Microsoft Office suite or Adobe Creative Cloud software purchase but apparently, this is the latest thing from Coinbase. The biggest digital asset trading...

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TOPICS –

TOPICS –

Bitcoin News: Millionaires Everybody loves to read Bitcoin news stories about ordinary people who made the right choices at the right time and became millionaires! It is uplifting and gratifying to feel that the same could happen to us. The link below gives details on...

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FUTURE –

FUTURE –

Bitcoin Future Looks Bright Many people do not seem to see the Bitcoin future as being very promising...yet. Some are paranoid that Bitcoin will be banned or that it is in a bubble, has no intrinsic value, is not secure and can be hacked – the reasons are many. Others...

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DOMINANCE –

DOMINANCE –

Bitcoin DominanceThe Bitcoin Dominance Index shows exactly how much the entire cryptocurrency economy is dominated by Bitcoin. Market capitalization is the total value of all digital assets in circulation at any given time – so, it is the combined value of Bitcoin,...

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REVIEW –

REVIEW –

The Bitcoin StandardSaifedean Ammous' book, The Bitcoin Standard, has been reviewed by just about everyone in the crypto-community by now. Rightfully so, because the book has done much to raise awareness and open eyes on the subject of currency in general, and Bitcoin...

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EMOTIONS –

EMOTIONS –

Crypto Trader Emotions There have been volumes written about trading psychology, and the crypto trader emotions follow a well-known cycle that most trading participants find difficult to avoid. Understanding that markets inevitably go through cycles is the first step...

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AT THE HEART –

AT THE HEART –

People just learning about digital currency often ask what is at the heart of bitcoin? What gives it value? The answer to that is really just “people.” There are many who question whether bitcoin is a currency or a commodity. Many things can serve as currency. If it...

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RISKY BIZ –

RISKY BIZ –

Lessen Bitcoin Risks If one could lessen bitcoin risks, would involvement become more appealing? You may have heard the cryptocurrency space referred to as the "Wild West" because of the instability and risk investors face. While things are getting better as investors...

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NEXT BITCOIN –

NEXT BITCOIN –

Nothing is “the next Bitcoin”Picking the next winners in the cryptocurrency marketplace is difficult – picking “the next Bitcoin” is probably impossible. Those new to the cryptocurrency space often hear this altcoin or the other claiming to be the “next Bitcoin” all...

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BTC FOMO –

BTC FOMO –

Buy Bitcoin?Everyone asks "should I buy bitcoin"? In December, Bitcoin was red hot and people were mortgaging their homes to jump onboard a rocket to the moon. Recently, cryptocurrency has cooled off and many have left the launch pad, no longer lining up to ride the...

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LONG HODL –

LONG HODL –

Bitcoin Long-term: Store of Value There are some who say that the biggest barrier to mass adoption of bitcoin long-term is price volatility because it limits use as a store of value. Does price volatility really affect bitcoin's use as a store of value? Let's look at...

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LOST BITCOIN –

LOST BITCOIN –

Lost BitcoinThe story of James Howells of Wales is one well-known to many in the Bitcoin community when it comes to lost bitcoin lore. In June of 2013, Howells threw away a hard drive containing the private keys to 7,500 bitcoins. The price of Bitcoin at the time was...

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PRIVATE KEY –

PRIVATE KEY –

Bitcoin Private Key Think of Bitcoin as an open messaging system secured by public key cryptography secured through digital message signatures created with a unique private key.  In contrast to systems protected by username and password logins, this single point of...

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BITCOIN INVESTMENT –

BITCOIN INVESTMENT –

Bitcoin Investment You can ask people “what makes a Bitcoin investment a good one” and likely get different answers depending on the individual, their beliefs, goals, and age. A recent survey conducted by Blockchain Capital indicates that 30% of 18-to-34-year-olds...

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VALUE COMP –

VALUE COMP –

Bitcoin Value Knowledge It is often puzzling that society has such confidence in the value of central bank fiat currencies, yet so little belief in bitcoin value. Granted, there are several factors that play into this line of thought, but a general lack of "financial...

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PRICELESS –

PRICELESS –

Bitcoin Price is top Google Search Phrase Since 2017's massive 1,900% rally it is not surprising that the top keyword phrase searched on Google is Bitcoin price. Obviously those who've invested in bitcoin watch the price, but given there are likely less than 28.5...

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