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      "title": "Bitcoin - Yes or Simply no? When you Invest in Bitcoin?",
      "body": "Thinking if you should spend in Bitcoin? Should you have recently been around any kid of economic news lately, you have certainly heard about the meteoric within the uk's most well-known cryptocurrency.\n\nAnd if you're like a lot of men and women right about now, you're probably questioning, \"Bitcoin - yes or no? \"\nhttp://i4.mirror.co.uk/incoming/article5431713.ece/ALTERNATES/s615b/MAIN-Bitcoin.jpg\nShould you invest? Is it a good option? And what the heck is Bitcoin anyway?\n\nWell here's a few things you have to know about Bitcoin before you make investments. Also remember that this article is for information purposes only and should not be taken as any sort of financial advice.\n\nPrecisely what is Bitcoin?\n\nBitcoin is known as a cryptocurrency or a digital money. It's basically online money. Similar to currency you can exchange it for other currencies (like say, buy bitcoins with ALL OF US dollars or vice versa) and it fluctuates in relation to other values as well.\n\nUnlike other currencies however it is decentralized, meaning there basically any one central loan company, country or government responsible for it. And that means it's not as predisposed to government or central bank mismanagement.\n\nPros of Bitcoin\n\n#1 Simple to Send Money\n\nBecause it can decentralized, this also means that you can send an associate Bitcoin (money) on the other side worldwide in seconds without having to proceed through a standard bank intermediary (and pay the banking fees).\n\nThis reality alone makes Bitcoin very popular. Instead of expecting a wire transfer which can take days, you can send your repayment in seconds or minutes.\n\n#2 Limited Supply\n\nRight now there are only 21 , 000, 000 Bitcoins that will ever before be mined. This rules the amount of Bitcoin that can ever be produced. This is like saying a government are unable to print money because there is a limited resource of bills - and they won't print any more.\n\nWhen there is a set supply your purchasing power is preserved and the currency is immune system to runaway inflation.\n\nThis kind of limited supply has also helped to contribute to the rise in the price of Bitcoin. Persons don't want a money that can be imprinted - or inflated - into infinity at the whim of the greedy govt.\n\n#3 Personal\n\nMost people feel that Bitcoin is very private. But actually it's not anonymous - it's more private. All Bitcoin ventures ever made can be seen on the Blockchain - the general public Bitcoin journal.\n\nBut your name and identifying details behind the transaction are not seen. Each transaction is related to an address - a string of text and characters. So while people might see your treat - there is no way to link that address to you.\n\nA lot of folks who may like their banks spying on them (or showing them how much of their any money that they can or can't move), really like this level of privacy feature.\n\n#4 Cheaper to Work\n\nMany businesses have to take Visa or MasterCard these days to stay competitive. However these cards take some somewhat substantial fees out of each sales transaction.\n\nNevertheless a merchant who allows Bitcoin doesn't pay these hefty fees - so it puts more money in their pockets.\n\nTherefore those stated things are some of the key benefits of Bitcoins. What about the cons?\n\nCons of Bitcoin\n\n#1 Risky - Price Variances\n\nBitcoin is famous for rising slowly and gradually over months - and then falling 20 - 50% over a few of days.\n\nBecause is actually being traded round the clock several days a week, the price is always ever-changing. And all it uses it some bad media - like this news of the Mt Gox compromise a few years before - to send the price tumbling down.\n\nThus basically it's not secure - and there are a lot of unknowns out there that can affect the purchase price. The secret here is this: avoid put any money into Bitcoin that you won't be able to afford to lose.\n\n#2 Slowing Transaction Speeds\n\nBitcoin is beginning to run into problems with slower deal speeds and higher purchase fees. Other cryptocurrencies attended along that are faster and cheaper.\n\nThe Bitcoin miners are working on the challenge. However until these issues are resolved, you can expect the price to be extremely risky.\n\n#3 Bitcoin Transactions Not really Invertable\n\nUnlike a credit card charge, Bitcoin orders are not reversible. In the event you send Bitcoin to an incorrect address - you can't obtain it back.\n\nAs well, there are a number of tales from people who have lost their Bitcoin wallet address (through hacking, phones being thieved, virus-infected computers, etc. ) and they've completely lost their coins. There's no way to get them back.\n\nFor this reason, you need to really know what you're doing and take the time to research how to buy and store your coins properly if you wish to invest in Bitcoins - or any other cryptocurrency.\n\nSo those are some of the things to consider before investing in Bitcoin. Fundamentally while Bitcoin has a lot of great things going for it - although it has the potential to change financial transactions as we know it - there is still a lot of risk. There are a lot of unknowns away there still.\n\nShould you determine to buy, take your time and do your research. Don't buy from just any seller. A lot of of them are trusted and run a great business. But there are others that will overcharge both you and might not exactly even deliver your silver and gold coins.\n\nBe safe is to do your research first. Find a trusted owner with a stellar reputation - there are very a few of them away there. Please remember the golden rule here - never invest more than you can afford to lose.\n\nWould like to learn more? Visit http://www.BuyBitcoin101.com to get more tips how to buy safely, where to buy and the way to store your coins.\n\n For any quick set of where to buy Bitcoins with your credit cards visit http://www.buybitcoin101.com/buy-bitcoins-with-credit-card/",
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      "body": "![police-checkpoint.jpg](https://steemitimages.com/DQmdgnyH5yALWoDaxpymCmc8bs9DEey7xaT3n45wpJCzwk4/police-checkpoint.jpg)\n\nLately, seems cryptocurrencie’s rapid progress has attracted everyone’s attention. This trend is also confirmed by a new Congressional bill that was just introduced by Senator Chuck Grassley. If passed, the new bill would impact cryptocurrency holders everywhere in the world. Its more direct impact would still be in the US, and would require cooperation between the Commissioner of US Customs and Border Protection and the Secretary of Homeland Security.\n\nIts main goal is to provide the border with a better protection strategy. Basically, it would make significant changes at the border crossings, as well as other types of entry ways to the US.\n\nThe bill was first introduced a few weeks ago, on May 25, and it was named U.S. Bill S.1241. As mentioned, it was introduced by Sen. Chuck Grassley, but it has several other sponsors, including Sen. John Cornyn, Sen. Diane Feinstein, as well as Sen. Sheldon Whitehouse.\n\nThe ultimate reason for pushing the bill forward is to prevent visitors to the US from bringing in undeclared assets in the form of cryptocurrencies. These undeclared funds would need to be blocked so that they wouldn’t enter the country, and these two agencies would have to present their findings in the 18 months after the bill was passed.\n\nFor the most part, this bill would affect travelers that wish to enter the US. Their biggest obligation would be the declaration of any and all currencies that could be exchanged to $10,000 or more. These funds must be made public whether the officials at the custom are able to detect them or not.\n\nThe obligation to declare these funds comes from US finance law, which says that any currency that accompanies the individual must be declared every time that he or she enters the country. Since digital currencies are under the owner’s full control at any and all times, they technically belong to this group as well. This is different from a bank account, or possessing precious metals since they aren’t following the holder, but instead, remain stored in a financial institution or another registered entity.\n\nSo the question now is how exactly would the federal government be able to detect even the possession of digital currencies, and much less the exact amount?\n\nSome options include regulating foreign exchanges of cryptocurrencies. Another option is a global monitoring system that would be able to watch over the blockchain ledgers. They could even impose harsh penalties for disobeying these laws and extreme vetting systems. Whatever the case may be, it’s expected that the online community of cryptocurrency supporters will definitely have something to say in response to this bill.",
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