Understanding and making money from Cryptocurrencies

I first heard about Bitcoin in 2013 and as at that time, the exchange rate to the dollar was more than USD20,000 to 1BTC. Now it just USD662 to 1 BTC. This is just one of the Cryptocurrencies

What are Cryptocurrencies?

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. See more here https://www.cryptocoinsnews.com/cryptocurrency/.According to google it is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

"decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"
Why I love them the most is that they are not controlled by any Government or Agency. 
 
Welcome to Freedom!

Visit coinmarketcap.com for detail of all available currencies, their exchange rates to the dollar and if they are minable.

What do I mean by Minable?
Some cryptocurrencies can be mined (like you are mining for Gold or precious Stones). Yes but their method and level of difficulty of mining defers from one currency to another.
This is a computationally intensive task, and it requires a lot of processing power. Essentially, the computer is rewarded for solving difficult math problems. See more

There are a number of Mining platforms where ordinary people like me and you can invest our money in and get paid from a portion of the mining proceeds.

This Website gives a good description of the mining process
One Website I have currently invested in is Harshflare. See a screenshot of my earnings.


This was just to test run their system. I will invest about USD200 soon and see how it goes.

How it works

1.    Make sure you have some Bitcoins or Perfect money
2.    Visit the  website here: and sign up
3.    Login and then invest

Another Currency I would like to invest in is Revcoin.

  
I watched the Currency grow from July when it was lunched to it being listed on Coinmarketcap.com.
To fund the mining of that currency, the owners have an investment scheme of 58days ongoing where you invest a sum of money (minimum of USD10) and get 2.5% - 3.5% daily for 58 days.
For example, if you invest USD100, you will get USD145, USD1,000 gives you USD1,7401740.00
The good thing about it is your profits are available for you to withdraw daily.

That a whopping 145% returns
If you are interested, signup and invest.

Comment below if you have any question








Popup Iframe Example

Comments

  1. Tradenaira27 June 2021 at 22:36

    Thanks for sharing excellent information. If you Are looking for best Naira currency exchange Website Please visit Tradenaira.

    ReplyDelete

Post a Comment

Popular posts from this blog

Selling information as a Business

Introduction This just as the name suggests, selling information!. This can really be a very profitable business. Well it costs a little money to start but the rewards are very encouraging. What its all about Lets dream a little(Literarily) , what if you find a way of solving a problem for a lot of people? then you put it in a book and advertise it. How many responses do you think you would get? That is the foundation of this type of business - you give people information of exactly what they want. That was the easy part. How do you know what people want? This is the hard part. This part actually accounts for 80% of your success in this business. I have written an article on this subject. It will help you brainstorm. Click here to read it. Similarly, people also search for what they want on the internet. There are a few tools available to help you. Try the Google Adwords keyword tool or Wordtracker for free or Keyword Elite for a little fee. The Paid tool makes it extremely easy fo...
Read more

Dump Truck Haulage Business

Image
Introduction If you are in Nigeria, this is a business that can easily make you NGN350,000 (USD2,334) per month although it requires a considerable amount of capital. What you need The Dump Truck  A good Dump truck (faily used) starts from NGN7Million  (USD47,000) but its usually cheaper if you buy from outside Nigeria. My friend Mr Mike Edo who is into the business has a business partner in Spain who buys these trucks and sends them down to Nigeria. He is available if you are interested in getting a good truck. If you decide to buy it in parts that is, buy the Head first and then the bucket later, the head alone costs about NGN4Million (USD27,000). You can also import them at cheaper rates. The Tipper Bucket  (the back portion) costs about NGN2.5Million (USD17,000) to construct and install but NGN36,000 (USD240) to rent for a day in the eastern part of Nigeria. Business Structure  According to my friend, the business is simpl e, get your truc...
Read more

Guide to Registering a Business at the CAC in Nigeria (2024)

Image
I wrote this guide in 2021 but the process is still the same today In this guide, we will go through the following: Introduction Public search CAC CAC business name registration CAC portal login CAC document upload portal CAC registration fees CAC document upload CAC login from home CAC forms CAC Remita CAC company search CAC online registration FAQ about CAC and Company registration Fell free to click on any of the topics above to jump to it Introduction Why register a business? To operate a business in Nigeria, it is required that you register the business to give it a legal backing and give confidence to the public that your business is legitimate. You can also go to jail for operating a business without registration. The Companies and Allied Matters Act (CAMA) provides that you can register your business as a Non profit, Limited Liability, Partnership or Sole proprietorship business. You can downloada copy of CAMA here . About the CAC   ...
Read more