Category Archives: #Stock Market
Why Use Bitcoin?
There are numerous advantages of using bitcoin over traditional fiat currency. Here is a quick primer as to the benefits of using bitcoin to transact for goods and services.
People can use Bitcoin to make payments to other peoples or businesses. It’s simple to use and very secure, the low transaction fees, and you can spent it directly from a computer, tablet or smartphone – ideal for transactions with online businesses such as online casinos.
Cost & Time Of Transaction
One of the most widely cited benefits of using bitcoins is the cost associated with doing so. Generally, the standard fee for bitcoin transfer is 0.0005 BTC. At current exchange rates, this amounts to about $0.2. The average fees associated with a wire transfer globally or a little over $40 (with the sender paying approximately $26 and the receiver paying approximately $15). Similarly, credit cards will generally charge a minimum of 3 to 5% of the balance transfer amount, which will always amount to being more expensive than the bitcoin transfer.
In addition, if you want to send money via wire transfer to an international receiver it will generally take anywhere between a couple of days and one week. Credit card payments can take anywhere up to 3 days to clear. Bitcoin transactions, on the other hand, will generally take about 10 minutes to receive confirmation.
You Own & Maintain Your Own Account
As things stand, you are required to trust retail banks or building societies to hold your cash on your behalf. As numerous financial crises have revealed, the trust we hold in these institutions is often far from wanted. With bitcoin, you can hold your money in an online or off-line bitcoin wallet (something that we will cover in another educational article) and manage it as you wish. There are no interest charges or overdraft payments, and no government or company can dip into your bitcoin wallet.
You Can Transact Anonymously
Currently, if you want to buy something online you have to release a plethora of personal information to do so. Address details, date of birth, full name, email address and credit or debit card details are just some of the minimum requirements for online transactions, and divulgence of this information can lead to things like credit card fraud or identity theft. When you transact in bitcoin, all you need reveal is your public bitcoin wallet address. This is a long stream of numbers and digits from which it is impossible to determine your identity. Obviously, this has led to small numbers of individuals using bitcoin to undertake criminal transactions, and this has generated a lot of media attention, but as things stand the vast majority of bitcoin transactions are perfectly legal. So there you have it. Just some of the benefits of using bitcoin to transact on and off-line. Read More
On Wed. January 20, Dearborn Bancorp Inc. (DEAR) rose from $.61 to $2.35. If you had bought and sold the stock at those prices, it could have turned your $1,309.80 into $5,042.73 in just one day! That’s like paying yourself $533 per hour each hour the market was open!
On Friday the 22nd, Somaxon Pharma (SOMX) went up 114%, which could have exploded your $10,085.46 into as much as $21,179.46! Interested?
The benchmark S&P 500 index, up 11.6 percent so far this quarter, found buyers at the 1,400 level, which has been held for five straight days. Support at that level suggests more gains in coming weeks.
The technology sector rose again, with the Nasdaq 100 technology index .NDXT up 0.4 percent for the day and up close to 18 percent this year. It helped the broader Nasdaq Composite edge up for the day. Read More…