Author: Wayne Burritt

The Best Cryptocurrency Exchange

Posted on by Wayne Burritt

In our prior installments, we talked about Bitcoin (BTC) and Ethereum (ETH), two cryptocurrencies that were worthy of a place in just about everyone’s portfolio: BTC is the big boy on the block and is a great store of value while ETH takes advantage of the computational features of blockchain technology.

Hopefully, I was also painfully clear that investing in any cryptocurrency – including BTC and ETH -- involves substantial risk. You can lose big. So, if you’re thinking about taking the plunge, do so sparingly. A good rule of thumb: Don’t set aside more than 1% to 2% of your portfolio for crypto.

Now, after all, that, if you’re set to invest in a little cryptocurrency, welcome to the club! I think this class of assets is the future. It’s super-exciting and chock-full of potential, including profit potential.

But before you can get to that potential, you’ll need to actually buy some cryptocurrency. So, today, we’re going to do a deep-dive into one of the best ways to buy crypto: By using the popular crypto exchange, Coinbase (COIN).

Coinbase Is Big And Easy

Unless you’ve been under a rock for the past few months, you’ve heard about the wildly popular IPO (actually, direct listing) of Coinbase. Although it's off its highs, the shares now boast an eye-popping $63 billion market cap. And while Coinbase isn’t the biggest on a global scale, it’s the biggest in the U.S. Continue reading "The Best Cryptocurrency Exchange" →

Buy Ethereum Today!

Posted on by Wayne Burritt

If Bitcoin is the big boy on the block, Ethereum (ETH) is the second biggest. But unlike Bitcoin, Ethereum has many advantages over BTC that make it extremely attractive. In fact, every investor should consider buying a little ETH today.

What Is Ethereum?

While Bitcoin is a great store of value – and certainly worthy of a portion of your portfolio – it can’t do much more than transfer value. You can pay for stuff using BTC, and you can save it for a rainy day, but you can’t really do much more. That’s not a knock on BTC anymore than it would be a knock on gold or the dollar.

Ethereum, on the other hand, is a store of value like BTC. But it’s much, much more. In fact, it’s these other features that make ETH so interesting.

First off, like nearly all cryptocurrencies, Ethereum works on a decentralized, distributed ledger network. ETH is decentralized because there is no single authority – like a bank – that controls or approves transactions. And ETH is a distributed ledger because it has multiple copies of itself spread over a vast array of computers using cryptography and mathematical problems to make the network strong and safe. Continue reading "Buy Ethereum Today!" →

Why Everyone Should Own (A Little) Bitcoin

Posted on by Wayne Burritt

You don’t have to dig very deep to notice that when people talk about cryptocurrencies and the blockchain, they’re usually talking about Bitcoin (BTC).

In fact, to most people, BTC is synonymous with cryptocurrencies.

This huge popularity makes BTC the big player on the block. And with a recent price of $57,678 and a market capitalization of $1.1 trillion, investors are putting their money where their mouths are. And that’s having a dramatic effect on BTC price.

We’ll get into the nitty-gritty behind the best reasons for just about everyone to own at least a little Bitcoin in a sec.

But before we do, take a look at some of our prior installments on cryptocurrencies and the blockchain. We’ve talked about why you should own some cryptocurrency, what the blockchain and cryptocurrency mean to you, the basics of cryptocurrencies, and why they’re so important. They’ll help you get your head around the basics of cryptocurrencies like BTC and why they’re not as scary as they once were.

What is Bitcoin?

Bitcoin is a digital currency that lives in a distributed ledger on a place called the blockchain. Because of this digital nature, it doesn’t exist in a physical state, like gold or currency. And because it lives in a distributed ledger system on the blockchain, a vast array of computers track and secure the currency using cryptography. The people that run these computers are paid a fee for securing the network and making sure the transactions are correct by solving complex mathematical problems. These people are called miners and form the backbone of the BTC ecosystem. Continue reading "Why Everyone Should Own (A Little) Bitcoin" →

Should You Own Cryptocurrency?

Posted on by Wayne Burritt

The short answer: Yes.

I’ll get to the reasons why it should be a part of just about every investor’s portfolio in just a moment.

I’ll also get into why, if you do take the plunge into crypto, do so gingerly.

But before we get started, take a look at the first three installments in this multi-part series about blockchain and cryptocurrency. We talked about why they’re so important, what they’re all about, and what they really mean to you.

Feel free to take a look at these when you get a sec. But they’re not needed to get a deep understanding into what we’ll talk about today.

So, let’s get to it. Here are just a few reasons to own cryptocurrency... Continue reading "Should You Own Cryptocurrency?" →

What The Blockchain And Cryptocurrency Mean To You

Posted on by Wayne Burritt

So, what does the blockchain and cryptocurrency really mean to you? Well, really everything.

Blockchain technology and cryptocurrency are fundamentally transforming our lives, unlike anything we’ve seen in a long time.

In fact, when you think about that transformation, you’ll put it up there with the other giant shifts in technology. I mean...

The printing press... antibiotics... railroads... steel... automobiles... windows... the internet.

Blockchain and cryptocurrency are next.

Right now, I can think of dozens or even hundreds of ways this transformation will impact you. But if I had to boil it down to two big ones, they would be... Continue reading "What The Blockchain And Cryptocurrency Mean To You" →