Category: Investors
-
Is it Possible to Achieve Compound Growth in Cloudmining and Bitcoin Mining Investment?
Is it possible to achieve compound growth when I engage in Bitcoin investment? Einstein – “Compound interest is the eighth wonder of the world; he who understands it earns it and he who doesn’t pays it.” We hear numerous talks with respect to the path forward for Bitcoin, would it be able to help in…
-
Risks & Rewards Of Investing In Bitcoin
Bitcoin, it seems, is everywhere. It’s in the news. It’s on phones. It’s even available at ATMs across the globe. Its fast rate of growth and adoption are attracting a lot of attention. And like any interesting, fast-growing business, it is attracting the interest of investors. All of which leads to the question, since Bitcoin…
-
Are There Taxes On Bitcoins?
Bitcoin is a virtual currency that uses cryptographic encryption system to facilitate secure transfers and storage. Unlike a fiat currency, bitcoin is not printed by a central back, nor is it backed by any. Bitcoins are generated by what is called mining—a process wherein high-powered computers, on a distributed network, use an open source mathematical…