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Bitcoin and Institutional Adoption

Bitcoin has seen immense popularity since its inception, even more so in recent times fueled by growing speculation, media hype, investment opportunities, and rapid rate of adoption. But long-term investors and financial analysts have been cautious about its meteoric rise to fame since the digital currency is neither backed by any physical commodity nor supervised by any central entity. Since the price is adjusted purely as a result of supply and demand, some analysts have predicted bitcoin could be as good as worthless in the next few years while other analysts have mentioned that bitcoin would continue to rise further and may even hit the value of $100,000.


Institutional Adoption

One way bitcoin’s value could be saved from eroding is the financial adoption of bitcoin by mainstream institutions and corporations. Being widely used by these entities would make it less likely for bitcoin’s value to drop and encourage further adoption and popularization of the digital currency. Many institutions had been wary of bitcoin in the past but that attitude is slowly changing. Although they’re not fully adopting bitcoin’s use just yet, many of them are giving it serious consideration, embracing blockchain technology, or investing in more digital assets.


The sudden change in perspective regarding bitcoin by these institutions may be a result of the growing concerns that have plagued the traditional financial system since the turn of the century. That could be anything such as the slow domestic fund transfer times and even slower international transactional speeds. The variety of charges that are levied on transactions, especially high-volume or international ones. In a society where people have been accustomed to one-day deliveries and instantaneous communication over the internet, the slow and archaic nature of the financial systems feels unacceptable to many. These same slow times have impacted institutions as well and not just individuals.


Hence bitcoin and blockchain technology, although new, provides a viable alternative to banks and corporations. Utilizing them could cut transaction time by as much as eighty to ninety percent. Moreover, less manpower would be used on the backend of financial transactions and in completing new deals. The amount of time and manpower saved will be very beneficial for these banks and be used elsewhere more efficiently. So banks definitely have a huge incentive to drive the further adoption of bitcoins.


Investors and Growth

This might pose new challenges for investors, both individuals and companies alike. Hence it becomes imperative for investors to teach themselves about the various aspects of bitcoin and how the market might react to it in the future. There are various factors that affect the price and movement of bitcoin such as media attention, amount of new investors, etc. Companies like JP Morgan have dedicated resources to further explore blockchain and even created an altcoin based on their own name. This shows the belief these institutions have in the promise of bitcoin. And just because it is a cryptocurrency doesn’t mean it won’t have an inherent value, companies can back the value of their digital assets with US dollars guaranteeing their customers that their digital currencies will not go obsolete even in the worst-case scenario.


Paypal, the biggest third-party financial company in the world, recently announced their users would be able to buy, sell and hold bitcoins further driving up the value. President and CEO of Paypal, Dan Schulman, mentioned that the move to digital forms of currencies is inevitable that will bring with it a host of benefits and financial inclusion. It could also be used by corporations or the government to disburse funds to large amounts of people quickly.


Since Paypal is so widely used, bitcoin will most likely see further growth as people unaccustomed to cryptos begin to understand how they function and the various advantages they offer. The advantages do not come without their caveats, so it will also become important for people to take precautions and learn the risks associated with cryptos. Paypal plans to offer educational content to its users to deepen their knowledge of digital currencies, not just bitcoin but also cryptos such as ethereum,  bitcoin cash, and litecoin. This massive move by Paypal to move into the crypto ecosystem could prove to be a massive boon for the bitcoin optimists. Just like how once the internet revolutionized communication across the world making it both cheaper and faster, blockchain could do the same to financial systems in the future.

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Ways to Prepare for Retirement

When it comes to retirement, many are not prepared and aren’t saving enough for retirement. And that’s crazy because a small, life-long change can result in long term financial freedom.

There are many methods, theories, and approaches to retirement preparation. But we are speaking about saving & investing in providing an income stream for the future. As a long-time investor, I believe the earlier a person begins saving for retirement, the better. What follows are my thoughts, observations, and experiences about how to prepare for retirement.

Secure a monthly pension

A pension fund may be deposited in any bank or development-bank run by the government or invested in a mutual fund. According to the amount, pensions can either be paid as lump-sum payments or monthly installments for life. Usually, pensioners expect a pension of at least up to 50% of that earned during working life.

It’s a smart move to play it safe and invest in the security of a pension. There is a guaranteed monthly payment that can help me throughout retirement.

Take advantage of tax benefits

Taxes are confusing, and one should take advantage of tax benefits. With traditional retirement plans, such as a 401(k), IRA, or pension, the employer may offer savings incentives and matching contributions. Use tax-advantaged retirement accounts to responsibly save for retirement while reducing the overall combined tax burden now and later on in life.

Plan for the additional expenses of retirement

There are many expenses associated with retirement, and one of the biggest ones is health care. I must plan for the money I will need to cover premiums and out-of-pocket expenses. For example, many people spend more on prescription drugs during this stage of their lives. Prescription Drug Prices do vary from state to state, however, so it may be possible to find medication at lower costs online. Contact an advisor about ways to plan for extra expenses in retirement. Furthermore, your life might only just be getting started! You might want to move into a senior living environment, such as Starhaven Villas in Utah, to get the most out of retirement and enjoying older age. If this is the case, you will want to keep some money stashed away to have ready to splash out when the time comes!

Start planning for potential health care costs

When it comes to expenses during retirement, health care tops the list. That means I have to plan for the costs associated with any long-term care treatment such as those found in Chelsea Senior Living or future medical needs that may arise. I can start by calculating my current income. Then factor in any additional income I will obtain from sources such as Social Security and investment. Once I know how much money I have coming in every month, I can choose a plan that fits my needs and budget. Life insurance is often vital for retirement planning, so make sure you have insurance with a good provider.

Pay off debts

Paying off my debts gives me a more secure economic future. While it may seem like a good idea to rack up different credit cards, or even a mortgage, this extra debt can increase my financial risk when I retire. Addressing my debts by clearing any outstanding loans reduces my financial risk for the future.

Save early and often – invest for growth

Saving early and often is one of the most important ways to customize my investment strategy. Several smart investment options are available, including a broad range of mutual funds that are perfectly suited for anyone’s needs and risk tolerance.

For instance, I am a 35-year-old person with $50,000 of income (mostly made through crypto investment) and a contribution rate of $200 per month saved for 30 years with an average annual return of 7%. With the help of compound interest, I could have nearly $1.8 million in my retirement account at age 65.

Build an emergency fund

Having a solid emergency fund is the first step towards a better retirement. Whether I am saving for an upcoming trip, a new car, or some unexpected medical expenses, knowing I have money to fall back on immediately puts my mind at ease.

That way, when life gets rough, I will be less likely to make rash decisions such as adding to credit card debt or cutting into my savings.

First, I decide how much money I’ll need for emergencies and carve that amount out of my daily budget. Then aim to put some cash in a safe place -preferably a high-yield savings account or a money market fund that keeps my cash accessible.

In later years, achieving financial independence when I am not as mobile or physically fit as I once was is a challenge. Depleting supplies of cash and accumulating more debt add to the stress that growing older can cause. Fortunately, these tips can help ease the process in the future and ensure a comfortable retirement.

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Cryptocurrency and Price Volatility

Cryptocurrency provides a safe haven for your money that is not a part of the mainstream financial system as all cryptocurrency transactions are anonymous and outside the purview of the government. But this has not been without risk. We’ll take the example of the most widely used and valuable cryptocurrency of recent times which is bitcoin. Bitcoin was one of the first cryptos to enter the market and had a rapid rate of adoption but has seen massive swings in its value over the course of its lifetime. It has been quite volatile since the beginning but the last few years have been a wild ride for investors seeking to profit off of the digital currency. While some people have made millions with an upswing, others have lost both large and small bitcoin savings with equally brutal downward swings.

Hence, even though bitcoin can prove to be a worthwhile investment it’s best to be aware of the risks associated with it to prepare for the worst and minimize losses or even rake in profits by being smart about crypto management. The main two risks with bitcoin investment are: highly volatile exchange rate and investor uncertainty.

Here we can outline the main few factors that impact the main risks associated with bitcoin and cryptocurrencies in general:

1) Cryptocurrency is a new market

Cryptocurrency has garnered much press and media attention over the past decade but despite all the commotion surrounding the digital currency, it is a very new market, especially compared to the traditional fiat currencies and commodities like gold. Even during the peak of bitcoin, its market cap was very small compared to the stock market in the United States.

The smaller size of the market means that certain key factors or players can have bigger effects on the entire bitcoin currency. Such as a massive investor buying or selling their holdings can result in slight fluctuation of the price. This is why people should always check a reliable source to understand the market changes and factors that can have ripple effects all over the bitcoin economy. But this smaller and emerging market also creates opportunities for exciting opportunities such as a new company entering the market with a product that can grow in popularity quickly and receive larger attention than in the fiat market.

2) Cryptocurrency is entirely digital

Cryptocurrencies like bitcoin are purely digital assets, which can be bought and sold using apps like, meaning they are not backed by the government or any independent financial entity. Its price is mostly determined by the law of supply and demand resulting in higher and quicker fluctuations as there is no central entity governing the price. Because of this, the price of bitcoin can tend to gravitate towards both extremes. Media hype and artificial demand can result in a hyper-inflated bubble which is then followed by market correction and a sharp fall in prices. Hence, knowledge about typical bitcoin price movements can be necessary for short-term investing. Long-term investing tends to be safer as the price tends to correct itself sooner or later.

3) Development of crypto technology

Cryptocurrencies like bitcoin work based on a decentralized technology named Blockchain. It keeps track of all the digital transactions happening in the bitcoin network. The technology is still new and rapidly developing. Since crypto transactions are completely dependent on it unlike fiat currency, any congestion or problems in the blockchain can affect the service for millions of people. The network congestion can also result in higher transaction fees which are not desirable as one of the key attractions of bitcoin is lower transaction costs than traditional banking transactions. But since the technology in bitcoin is so rapidly developing, it leaves a lot of room for new technologies to develop and take the space of current ones diversifying the available tech for use in bitcoin.

4) Speculation, media and new investors

Speculation, media hype, and investors all work in tandem to determine the price of bitcoin. The heightened speculation can lead to media promoting or criticizing bitcoin which can lead to newer investors buying or selling their bitcoin assets. Since bitcoin is purely digital, there’s little to no entry barrier for a new investor. All a person requires is their payment card and a crypto wallet to buy and sell all kinds of cryptocurrencies. Hence it becomes even more important to research and study bitcoin and its behavior to make informed investing decisions. A smart and focused strategy can lead to some great returns over time making it imperative to avoid amateur mistakes when working with this new age currency.

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Tips on Investing in Cryptocurrency

Many of us are now realizing the profitability that comes with investing in cryptocurrency. It’s impressive how cryptocurrencies have made our transfers and purchases secure and safe. However, the cryptocurrency market is unpredictable, and it keeps changing.

Investing without proper knowledge can lead to making huge losses. But just because I can make losses and the market is volatile doesn’t mean that I shouldn’t invest in cryptocurrency. Here are useful tips that can help you and me invest in cryptocurrency.

1. Conduct Proper Market Research

The cryptocurrency market has many scams, and I can be tricked to invest in a money scam. Understanding the cryptocurrency market is the only way I can make money from it. It’s essential that I proper market research and check for legitimate sites that I can invest in.

It’s also wise that I invest in something that I have an idea about. Researching and updating ourselves with trends in cryptocurrency is important. Moreover, I should be aware of the different terms used in cryptocurrency transactions. For example, if I want to trade in bitcoin, I should be aware of terms like private keys, public keys, wallets and digital coins.

2. Selecting a Good Broker

We can define a good broker like the one you can find here, by the quality of technical support, security, client communication style, and funding capability that they can provide us with. It can be tempting to choose a broker platform that has a beautiful platform. However, that is not the most important factor that should guide my search for a broker. What I need is a platform that will solve all my problems and provide me with safe, secure, and efficient transactions.

The best way that we can know our broker is efficient is by reading reviews about the broker from other investors. Reading articles about different cryptocurrency brokers, like this crypto superstar erfahrungen review, will enable us to make an informed decision so we will have the best experience possible once we start investing.

3. Investing in Different Coins

We already know that I can make losses by investing in cryptocurrency, and that is why I should look for ways of minimizing the losses. The best way to do this is by investing in more than one coin. For example, it would be wise to purchase Bitcoin, Ethereum, and E-Yuan kaufen. This means that I will be spreading my investment risk across various cryptocurrencies.

Therefore, I will split my money and invest it in diverse digital currencies instead of investing in just one currency. For example, we shouldn’t invest all our money in just one of the physical crypto coins like Bitcoin. Instead, we should choose another currency to invest in, for instance, Ethereum.

A good example of investing is if I want to invest $20, then I should invest $10 in bitcoin and the other $10 in Ethereum. That way I can be sure that even if I make a loss in one currency, then the other one might give me a profit. Moreover, I can make a profit in both coins or make a loss in both since they are both risky investments.

4. Being Ready for Profits or Losses

Cryptocurrency investing is full of uncertainties. The future of cryptocurrency is not a predictable one, and its value in the market can either appreciate or depreciate. I should ensure that I am investing money that I am ready to lose. For instance, I should not invest using money for basic needs like food or place my emergency fund in cryptocurrency. I should have a mindset that I can either make huge profits or huge losses. For those of us who aren’t willing to lose money, then don’t invest in cryptocurrency.

5. Learning from Investment Professionals

The best way that I learned how and where to invest in cryptocurrency is from professionals who have been investing in cryptocurrency for some time. There are many professional YouTubers that post guides on investing in crypto. However, do not take all their information as gospel truth. Do your research and compare notes from other people too. If you know someone investing in cryptocurrency, then talk to them because they can be more forthright with information.

I hope the information above has helped you out and increased your understanding of cryptocurrency. I hope I have helped you cut through the noise and the crazy marketing tactics from people who want to profit from your lack of knowledge.