Latest Bali, Indonesia & World news and views that provides you pleasure and profit.
Wednesday, 24 January 2018
Is Blockchain any better than Bitcoin?
Bali and world news and views editor's comments:
As my readers are well aware I've not been a proponent of Bitcoin,in fact I became emphatically negative on it just before Christmas. Thereafter it dropped almost 50%.
Lawrence speaking at recent Bali seminar
I've often heard said on Bloomberg news and in the media that although Bitcoin and all the other copycat cryptocurrencies may be very dangerous that block chain technology is here to stay and certainly worth looking into investing into.
Here's is an interesting article on that technology. I am not recommending investment into this and at this time until I time to study and analyse this unique investment.
Midway through December, Bitcoin lost nearly half of its value, falling from a peak near $20,000 to below $11,000 in less than a week’s time. Naturally, such a dramatic decline took a lot of the excitement out of the cryptocurrency market.
Incidentally, my little brother jokes that he’s one of the only people in the world who has actually LOST money in Bitcoin, as he waited to get into the market until the day before Bitcoin hit its all-time high.
This past week, Bitcoin started moving higher again, and has recouped about half of its fateful December loss.
Given the number of questions we’ve received about Bitcoin and cryptocurrencies, I wanted to cover some of the ways responsible investors can make money on cryptocurrencies — or more accurately, on the blockchain technology behind the cryptocurrency action.
Let’s take a look at what’s going on! What’s the deal with Blockchain?
So, how does blockchain (the technology behind Bitcoin) work, and how can we as investors can make money from this technology.
You may already know that I’m not a big fan of “investing” in Bitcoin. The currency is highly speculative and volatile, and at this point it’s unclear whether the currency will actually be worth anything in the long run.
(Yes, I know there are many of you who heartily disagree with me. And that’s certainly okay. Suffice it to say that I’m not opposed to people speculating on Bitcoin with extra cash that they don’t need immediately. But I wouldn’t bet money that you need on Bitcoin today.)
Blockchain technology, on the other hand is a very important tool that will change financial transactions forever.
If you want a detailed explanation of how blockchain works, I would highly recommend an article from blockgeeks.com which you can find here.
Basically, blockchain is a technology that keeps a set of secure online records that is spread across many different computers. This is important because no single location is responsible for the set of records.
You could compare blockchain to a giant Google Doc or Google Spreadsheet that many different people can access all at once. So when one change is made to the blockchain, everyone has access to that change at the same time.
The Road To Ruin is Rickards’ most important book to date
Jim Rickards’ book, The Road To Ruin, is his most controversial and urgent yet… and today we’d like to send you a free copy, so you can learn how to protect your wealth from the coming financial fallout…
Capital at risk. A regulated product.
Since blockchain records are spread across many locations, it’s nearly impossible to hack into the database. That’s because you would have to simultaneously hack into all of the computers to change the database of records. So blockchain has developed a reputation for being very immune to hacking or false information.
So why would many different computers take part in this grand network? Well, the creator of blockchain created an incentive, giving a “token” or “coin” to computers on the network that solved complex mathematical puzzles. And that is what has become known as “Bitcoin mining” where new Bitcoins are created.
Since there are a limited number of Bitcoins, investors and traders are willing to exchange them for dollars or other currencies based on limited supply and market demand. So how do I make money on this Blockchain technology?
If you’re like me, you find blockchain interesting…
But until it helps me make money, it’s really just an intriguing novelty.
For serious investors (not just Bitcoin speculators), there are two primary ways that make sense for making money from Bitcoin.
First, there’s payment processing companies that are either already using Bitcoin, or are likely to start processing Bitcoin transactions in the future.
Payment processors that accept Bitcoin transactions will be able to collect fees from every transaction processed. And that means these companies will profit from Bitcoin regardless of which direction the price of Bitcoin trades.
That’s important because you want companies you invest in to generate reliable earnings, and not rely on price movements that are very hard to predict.
A second way of profiting from Bitcoin is to invest in semiconductor manufacturers.
Semiconductors are used by computers to process blockchain transactions and to mine new Bitcoin units. Demand for these processors has driven chip stocks sharply higher, and I expect this trend to continue in 2018.
As the blockchain network of computers continue to grow, these companies will sell more chips, and generate higher profits.
Semiconductor stocks are also seeing strong demand from other technology areas such as artificial intelligence and self-driving cars. So semi stocks have a number of great reasons to keep moving higher this year.
I’m sure we’ll have more to say about cryptocurrencies and blockchain in the weeks ahead.
Are you tired of traditional investments such as banks and bonds that only offer 1-6% per year which do not keep pace with the real inflation.
Do you want to become rich the way over 60 % of self-made millionaires did?
According to PT. B.A.L.I., Bali's leading real estate expert for the past 13 years, who have thousands of satisfied clients, this is the “Second best time to purchase Bali Real Estate this century”.
They believe that recent changes in real estate laws for foreigners allowing them to obtain control for more than a normal lifetime and up to 70% bank financing is creating a huge new demand for Indonesian and Bali Real Estate.
Coupled with the fact that Bali Real Estate has just undergone the first correction in modern history with prices down as much as 50 % this has set the stage for *increases of 20% to 100 % the next three to five years.
Free Bali Real Estate Seminars:
Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali this month.
At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 21 yr. Bali resident who is married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.
Then they will also discuss the Past, Present, and Future of Indonesian Bali Real Estate.
Free Seminar Schedule:
Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.
Wednesday - Jan. 31st. 6:30 PM - 7:45 PM
Saturday - Feb. 3rd. 2:00 PM - 3:45 PM.
Thursday - Feb. 15th.. 6:30 PM - 7:45 PM
Saturday - Feb. 17th. 2:00 PM - 3:45 PM.
At these seminars you will learn about:
The Past, Present and Future of Bali and Indonesian real estate.
Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases?
Why Indonesian banks will now lend money on Indonesian Real Estate to foreigners, therefore proving leverage and additional huge profits?
How to avoid legal problems and make sure a property is safe. How to avoid complicated real estate laws affecting Indonesians married to foreigners.
Why this is the second best time to buy this century.
Where are the best locations to buy for maximum profits?
What type of properties will offer the best investment potential of *10% to 20 % per year?
Discover how you can sell your property fast for the highest prices and lowest commissions on a brand new web site designed after the largest most successful real estate site in America with high tech search features.
An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount.
A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000.
Low cost properties with Luxury Villas starting as low as $138,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool. Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².
Free Parking. Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation
Or Email: email@example.com or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177