Can You Make Money With Steemit

November 29, 2017 by Finance Guy

This review of Steemit finds that it is a fun community which combines features of blogging, social media and cryptocurrency. While it is possible to make some money with Steemit, we believe you would need to invest a lot of time and energy before you saw significant returns.

There are a lot of things we like about Steemit, and hope that it will continue to grow and evolve. One major area for improvement would be if they found a way to capitalize on the value of their growing network and generate funds for the network.

How to Buy Bitcoin

October 26, 2017 by Finance Guy

If you are new to cryptocurrencies, this post will show you how to buy Bitcoin. We discuss a variety of ways we have tried, tested and trust, for setting up wallets and buying and selling Bitcoin. We hope that this is helpful for others looking to make their first investment in Bitcoin.

Can You Make Money When Bitcoin Falls

September 15, 2017 by Finance Guy

As the price of Bitcoin has temporarily fallen on the new in China, we wanted to have a go at trading on the downward movement.

We found a CFD provider called plus500, who offer contracts on Bitcoin and a collection of other cryptocurrencies. We opened an account, from Australia, and got a $30 sign up bonus. We then added $150 to try our luck at short selling Bitcoin.

How to Trade Cryptocurrencies

August 21, 2017 by Finance Guy

Bitcoin and other 'altcoins' are a relatively new market. Many investors are looking for ways to trade cryptocurrencies, so here at The Finance Guy, we reviewed the options and found what we feel is the best option.

Bitcoin's Forkin Civil War

August 28, 2015 by Finance Guy

Bitcoin is in a Forken Civil War! The main subject of the internecine, is whether or not to increase the block size. In 2010, an upper limit of one megabyte was placed on the block size. It's an issue which appears trivial from the outside, but is the source of heated debate within the Bitcoin Community

Bitcoin Hovers, Will Traders Go Long or Short?

August 06, 2015 by Finance Guy

The price of Bitcoin has been hovering between $225 and $300 for most of 2015. This is quite a contrast to the wild price movements Bitcoin has become known for.

We think the market is waiting to move again, but we don't know what will set it off, or in which direction. We'd love to hear your thoughts on the topic.

Greek Crisis Proves Flaws in Bitcoin Macroeconomic Utility

July 17, 2015 by Finance Guy

Bitcoin can not prevent future economic crises such as the one we are seeing in Greece today. The Bitcoin community will disagree with this vehemently. In this regard, The Finance Guy is a true contrarian

Everyone else says Bitcoin can prevent a future Greek style disaster, yet we are stating the exact opposite. We are looking at the same information, but we are drawing an opposing conclusion. It's only natural to assume that we have made huge errors in our forecasting. After all, it sounds like we are calling the earth flat, or saying that 2 + 2 will actually give you 79.5! It sounds like we've gone mad

Is There a Storm Brewing For Bitcoin?

June 26, 2015 by Finance Guy

Being a 'disruptive technology' it makes sense that , one topic that comes up often within the Bitcoin community, is The Future of Bitcoin. Here at The Finance Guy, we are no different, we have talked about the future of Bitcoin in the past, and we are going to do the same thing again now. We think that there is a storm brewing for Bitcoin. The market has been quiet, too quiet. It could be the prophetic 'quiet before the storm.

Time for Bitcoin to Turn up the Volume

June 03, 2015 by Finance Guy

The price of Bitcoin appears to be stabilizing, but the daily transaction volume is falling. Does this mean that the market for Bitcoin is shrinking despite a fall in volatility? We have a streetonomic look at why we think the Bitcoin community needs to turn up the volume

Bitcoin is not a Bubble, it's a Balloon!

April 09, 2015 by Finance Guy

Bitcoin may resemble an investment bubble, but it's not acting like one. We have amended our view on Bitcoin and now feel that it's an investment balloon. It won't burst in a spectacular market crash, it will simply continue to deflate at it's own pace. Like an untied balloon, with plenty of supporters trying to put more air into it.

What is Bitcoin

March 27, 2015 by Finance Guy

A look at how Bitcoin works, and how you can use it. After more than a year learning about Bitcoin, we've decided to share a streetonomic view on the cryptocurrency, and in particular, why to this date, we are yet to have used it

Can I Short Sell Bitcoin?

January 20, 2015 by Finance Guy

As the price of Bitcoin continues to trend downward, traders are becoming interested in opportunities to short sell Bitcoin

We look at the USD/BTC CFD offered by Plus500, which is one way in which everyday people can take a short position on the price of Bitcoin

Not ready to risk your own money? Try a demo account, it let's you test your strategy using hypothetical money. The demo account does not expire, and offers full access to all the features offered by Plus500

It's Not Tulipcoin - It's Enroncoin

January 13, 2015 by Finance Guy

2014 was a tough year for Bitcoin. Here at The Finance Guy, we think 2015 will be even worse. We are not disputing the power of the blockchain, or the technological advances Bitcoin has been a part of.

We've taken a steetonomic look at Bitcoin as an investment, and unfortunately we do not see a bright future for this cryptocurrency

Is Difficulty Creating Centralization of Bitcoin?

December 02, 2014 by Finance Guy

The blockchain is designed to become more difficult, but is the difficulty rising too fast? If 67% of all mining is done by only 8 parties, can we still call Bitcoin a decentralized currency? The bad news for miners, is that the difficulty is going to continue to increase and the rewards are going to continue to decrease.

Are Disappearing Bitcoin Key to Current Price Decline?

October 24, 2014 by Finance Guy

The Bitcoin price is once again in decline. One possible reason is the recent disappearance of $1.5Million worth of Bitcoin, believed to have been stolen by a con man who was running a Bitcoin exchange.

Bitcoin Price Continues Downward Slide

October 06, 2014 by Finance Guy

Bitcoin is growing in use and falling in price. When will we see price stability?

How Will You Spend Your Bitcoin?

August 10, 2014 by Finance Guy

Bitcoin is growing as a medium of exchange, but when will it be seen as an alternate to currency?

Is A Broker Worth His Price?

July 25, 2014 by Finance Guy

Does having a broker help or hurt your investment returns?

Cryptocurrency: The New York Yankees of Investments

July 09, 2014 by Finance Guy

Cryptocurrency is the most polarizing of all investments. Is it a revolutionary change, or a bubble waiting to burst

Digital Currency Enters Professional Sport

July 04, 2014 by Finance Guy

World's First Professional Athlete to Accept Digital Currency Sponsorship

General Advice Warning: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.