Will Mount Gox Change the Price of Bitcoin?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM 

Mount Gox (Mt.Gox)

This is the story of Mount Gox, one of the earliest Cryptocurrency exchanges in the world. Mount Gox  was founded in Tokyo, Japan in 2010 by Mark Karpelès and at one stage it was handling 80% of all worldwide Bitcoin transactions. Unfortunately in 2014 Mount Gox was forced to close its website down because it had been hacked and 800,000 Bitcoins had been stolen.

However, after a protracted legal battle with Japanese authorities that lasted nine years and many attempts to recover Bitcoins on behalf of his customers Karpelès is now able to offer 10,000 Mount Gox customers a refund in Bitcoin. As you imagine Bitcoin has increased in price a lot since 2014.

Please watch the video to discover the full story and the likely impact that Mount Gox refunds will have on the price of Bitcoin.

After you have watched the video, please let me know your thoughts in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Bitcoin? Will you invest before the Bull Run starts next year? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

Prime XBT Crypto Trading Platform.

Sign up for PrimeXBT to get up to $7,000 as a deposit bonus.

✅ Use Code MIKE7 to redeem the deposit bonus.

✅ Use Code MIKE 25 to get 25% off trading fees for each order.

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What is the Bitcoin Halving? Why is it Important?

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

 

Who was the Welsh guy who threw away $200 million of Bitcoin?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM 

$200 million of Bitcoin

This is the story of James Howells, a Welsh guy and IT specialist from Newport who accidentally threw away a computer hard drive containing 7500 Bitcoins or $200 million of Bitcoin in today’s market. In many ways James was a pioneer, he was one of the first people in Britain to mine Bitcoin using a computer and that is how he amassed 7500 Bitcoins.

In 2013 James accidentally threw away his hard drive, there’s actually more to the story than that as I reveal in the video. Please watch the video to discover the full story and the efforts that James has made to retrieve his hard drive.

After you have watched the video, please let me know your thoughts in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Bitcoin? Will you invest before the Bull Run starts next year? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

Prime XBT Crypto Trading Platform.

Sign up for PrimeXBT to get up to $7,000 as a deposit bonus.

✅ Use Code MIKE7 to redeem the deposit bonus.

✅ Use Code MIKE 25 to get 25% off trading fees for each order.

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What to do if you are Made Redundant: 5 Steps

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Investments: Why Saving is Not Enough 

My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

 

Is crypto a Hedge against Inflation?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM 

Inflation

Inflation is the rate at which the purchasing power of the money you hold decreases over time. In this context a hedge is a protection against or a way to avoid the impact of inflation on your money.

In this video,  I explain the effects of inflation on the money that you hold and assess the levels of interest being offered to savers by banks and building societies in the UK. I then compare these interest rates with possible returns from investing in Crypto assets and give my opinion about whether Crypto is a hedge against inflation. This does not constitute financial advice.

After you have watched the video, please let me know your thoughts in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Bitcoin? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

Prime XBT Crypto Trading Platform.

Sign up for PrimeXBT to get up to $7,000 as a deposit bonus.

✅ Use Code MIKE7 to redeem the deposit bonus.

✅ Use Code MIKE 25 to get 25% off trading fees for each order.

If you have enjoyed this post you will also like the following posts:

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Top 3 High Paying Affiliate Programs

What to do if you are Made Redundant: 5 Steps

Credit Cards: How to Make Balance Transfers Work For You

What’s the Best Strategy for Clearing Debts?

Investments: Why Saving is Not Enough 

My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

 

Should Avalanche (AVAX) be in your Portfolio?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM 

Avalanche

Avalanche is a top twenty  cryptocurrency by marketcap according to coinmarketcap.com. In this video, I discuss the results of my research into the project and give my investment verdict. This does not constitute financial advice.

Points that I cover in my analysis are as follows: History, what is Avalanche? ? Which blockchain or blockchains does Avalanche use? Why has Avalanche been called an Ethereum killer?

What is my investment verdict?

After you have watched the video, please let me know your thoughts about Avalanche in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Avalanche ? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

Join coinbase

 

If you have enjoyed this post you will also like the following posts:

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Top 3 High Paying Affiliate Programs

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Credit Cards: How to Make Balance Transfers Work For You

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Investments: Why Saving is Not Enough 

My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

 

What is the problem with DeFi?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM 

DeFi = Decentralised Finance

DeFi is an abbreviation for Decentralised Finance. As a retail investor you may be attracted to some of the amazing investment returns on offer in the DeFi space. However, it is very important to remember that DeFi is totally unregulated and many projects are run by teams who are anonymous. In this video, I discuss some of the problems with DeFi.

After you have watched the video, please let me know your thoughts about the DeFi space in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Are you invested in any projects in the DeFi space? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

 

You can also earn interest on the Crypto you hold from BlockFi.

Visit https://blockfi.com/mikepitt to get started.

If you have enjoyed this post you will also like the following posts:

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What to do if you are Made Redundant: 5 Steps

Credit Cards: How to Make Balance Transfers Work For You

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

 

Is it too late to buy Bitcoin?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM 

Buy Bitcoin

When I talk with people new to the cryptocurrency space one of the first questions they ask is, Is it too late to buy Bitcoin? We have all seen news footage of the Cryptocurrency ‘Early Adopters’ who bought hundreds of bitcoins for twenty dollars and now have millions of dollars. In this video, I answer that question and give my rationale. At this point, it is customary for me to remind you that I am not a financial adviser and this is not financial advice.

It is really interesting to visit Coinmarketcap and compare the values of cryptocurrencies now in 2022 with their values in 2017 and 2018. There are clear winners and losers, a topic that I will address in another post.

Next Steps

Have you changed how you approach investing in cryptocurrencies? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.io

Join coinbase

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

 

Invest in Bitcoin and Receive Some Free Bitcoin

This post may contain affiliate links please read our disclosure for more info.

Image credit: https://smartereum.com/

In July 2018, I wrote this post, Has the Cryptocurrency Bubble Burst?  If you have not read it, please read that post and then come back here. At the time I wrote the post bitcoin had been to $17,000 but was down to $6,600. Today as I am writing the price of bitcoin is $53,884 which represents a 316.96% increase on the $17,000 figure. Even to the casual observer it is clear that the growth trajectory is upwards for bitcoin. Large financial institutions have completed their due diligence on bitcoin and decided that it is here to say. Elon Musk has even got in on the act. 

How to Buy Bitcoin

It appears that investing in bitcoin is a good financial move. Please remember none of the information on this website constitutes financial advice and is provided as general information only.

Do your own research and if you want to buy bitcoin, Coinbase is a relatively safe place to start. You can sign up for Coinbase here and because I referred you, when you sign up and buy or sell $100 of bitcoin or more, we’ll both earn $10 of free bitcoin!

Join Coinbase

Have you bought any cryptocurrencies? What has been your experience? Let me know in the comments section below.

If you have enjoyed this post you will also like the following posts:

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Also, get in touch if you would like my help. My email address is mike@learnmoney.io

Best regards,

Mike

Invest-in-Bitcoin-and-Receive-some-Free Bitcoin

Is Forex Trading Hard to do?

This post may contain affiliate links please read our disclosure for more info.

What is Forex Trading?

If you have travelled abroad on holiday or a business trip you may have needed to buy some foreign currency to use at your destination. More than likely you will have used your home currency to buy currency for your destination country. Foreign Currency exchange or Forex trading as it is more commonly known is based on this buying and selling of currency pairs, the currency pair being the two currencies that you wish to exchange. Through the buying and selling of currencies at opportune moments it is possible to make a profit. Fundamentally Forex trading is quite easy to understand but that does not mean it’s easy to do profitably.

If you want to start Forex trading the first step would be to find a reputable broker. This article lists the top 25 Forex brokers in the UK ranked by their trust score.

Is Forex Trading Hard?

The majority of Forex traders are not making a profit and this is because of a number of reasons including; a lack of understanding of the complexities of international currency markets, a reluctance to exit a bad trade in the hope that it turns around, poor risk assessment and management, allowing greed to take over and emotionally driven trading. If you are to avoid becoming another failed Forex trader, I recommend the following steps:

*Start trading with a practice account before using any real money.

*Keep a record of all yout trades as you build up your experience.

*Understand the importance of setting up stop loss orders and apply them to your trading procedures.

*When you start, pick currency pairs that are familiar to you.

Create a daily routine that is conducive to good trading practices, sleep, exercise and nutritious food are likely to lead to better trading decisions.

In answer to the question in this post’s title, Forex trading is not hard to do but it is hard to do well. Beware of ‘Fake Gurus’ oversimplifying Forex or offering you a foolproof trading system because it is likely that they are only being successful by selling their ‘system’ rather actual trading success in currency markets.

Next Steps

Are you interested in Trading Forex ? Have you started already? Let me know in the comments section below. Also, get in touch if you would like my help. My email address is mike@learnmoney.io

Grammarly Writing Support

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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

Image credit: pexels.com

 Is-Forex-Trading-Hard-to-do-pin

The Lifecycle of Love and Money

This post may contain affiliate links please read our disclosure for more info.

For this blog post, we’re going to discuss something almost everyone wants. It can bring great joy or great pain, but it can be awkward to talk about. We’re of course referring to… wait, is this post about love or money? Oh, both? Yeah, it’s both.

Money

Every couple is going to have a different financial journey, but there are some major milestones that most couples will encounter at some point. Here are some tips for when you’re dating, when you’re committed, and when you decide to tie the knot.

 

Dating

 

It’s fine to leave conversations about money until later, but if you decide you’re comfortable enough, you can open up a financial discussion as early as the first date. Who pays for dates is (somehow) still a hotly contested topic, according to the findings of a 2015 sociological study. *There’s no clear consensus regarding who should pay for what, and some people have complex feelings toward splitting the bill, so bringing up the subject can be a way to get a money chat rolling.

 

After you’ve spent some time with someone and you’re considering whether you want to be in a serious, long-term relationship with them, it’s a sensible idea to make sure you’re financially compatible first. A survey commissioned by Ally Bank found that when people were asked to name the biggest source of stress in their relationships and marriages, money was the most common answer.** Try to head off fights before they happen by checking if you and your partner have similar financial behaviors and goals. If you want to save for a vacation together while your better half wants to start investing in rare tropical fish, that could lead to an argument later.

 

Moving in Together

 

By cohabiting with your significant other, you’re taking the first major step toward building a financial life together. Now you’re relying on your partner to help pay for food and rent, which means their financial habits have a more direct impact on your wellbeing. Starting to think of your finances more as a duo while setting clear boundaries to make sure no one feels smothered can help keep both parties happy.

 

Unfortunately, the first step to co-planning your finances can be the hardest for a lot of people: divulging your financial history. That includes the accounts you have, your savings, and most importantly, your debts. One way you can ease into this is to make a budget together, which can act as a neutral conversation that puts you both on the same page. If you’re still anxious, psychological research suggests that honesty is an important part of building strong relationships,*** so sharing your financial situation with your partner may bring the two of you closer together.

 

You’ll also need to talk about how to split shared living expenses. Two main ways of doing this are to split things evenly or equitably. An even split means you and your partner divide costs 50-50. This may not really be fair if you and your significant other have vastly different incomes, but it can help both of you feel more equal since you’re paying the same amount, and it’s easy to figure out who should pay what.

 

An equitable split, though, means sharing costs according to each person’s ability to pay. This is arguably more fair than an even split, since you’re both paying an amount you can manage while still leaving money to cover personal expenses. However, it can potentially cause tension if the person paying more feels like their bigger contribution should give them a greater say in the relationship, and uses their economic advantage to push the other person around. Remember that you don’t have to commit 100% to an even or equitable split, so you and your partner can find a balance between these that works for you.

 

Marriage

 

Once you get married your partnership isn’t just recognized by your friends and family, but by the big G… that’s right, the government. The United States General Accounting Office has identified over 1,000 federal provisions in which marital status influences your legal benefits, rights, and privileges,**** and that’s not even getting into each state’s laws. If you have questions about how getting married will affect your rights (such as your property rights), the safest person to talk to is a qualified attorney.

 

Additionally, now’s the time to start thinking about how you want to organize financial accounts with your partner, if you haven’t already. In general, combining your money using joint accounts can make it easier to pay household expenses and save for mutual goals, but it also may reduce how independent you feel since you have less money to yourself. The exact method you choose is really up to what you and your partner are the most comfortable with. For example, you could keep your separate financial accounts active while opening a new joint bank account for shared expenses, adopting a “yours, mine, and ours” split. Or, you could consolidate all of your money into one person’s account and add the other person as an authorized user. It’s also still valid to keep your money completely separate.

 

At their core, all of these steps really boil down to communicating and compromising with your significant other. If you’re able to do that, you have an advantage in building a financially healthy and stable partnership.

 

This article originally appeared on Earnin and appears here at their request. 

Next Steps

If you’ve enjoyed this post you will also like Are you and your partner financially compatible?  Have you already established a joint budget with your partner? Let me know in the comments section below. Also, get in touch if you would like my help. My email address is mike@learnmoney.io

Grammarly Writing Support

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What to do if you are Made Redundant: 5 Steps

Credit Cards: How to Make Balance Transfers Work For You

What’s the Best Strategy for Clearing Debts?

Investments: Why Saving is Not Enough 

My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only.  This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

 

Image credit: pexels.com

References:

*https://journals.sagepub.com/doi/full/10.1177/2158244015613107

**https://media.ally.com/2018-06-12-Money-Causes-the-Most-Stress-for-Couples-According-to-New-Ally-Survey

*** https://www.psychology.uwo.ca/pdfs/SONA/articles/13-campbell.pdf

*****https://www.gao.gov/new.items/d04353r.pdf