May 20, 2021, 9:59 am

Things You Absolutely Need to Think About if You Gamble with Cryptocurrencies

by: The Financial Blogger    Category: Make Money Online

You must have been living under a rock if you haven’t heard terms like Litecoin, Bitcoin, Ethereum, blockchain technology, or cryptocurrencies. These terms are so common today and have made their way into the common public vernacular. 

What you may not know by now is that the cryptocurrency gambling scene has been in existence for quite some time. As a matter of fact, it has been there since the introduction of these digital coins.

Today, there are so many online casino sites where you can make withdrawals and deposits in cryptocurrency, with other brands letting you gamble in crypto denominations. So, why there is a really fast rise in the usage of cryptocurrency in the gambling world? 

The reason why fiat currencies are being replaced by cryptocurrencies is that they provide a lot of benefits. These advantages include anonymity, higher security, minimal fees, faster withdrawals, as well as the ability to avoid regulations and gamble in any destination.

So, cryptocurrencies are not only making online betting more accessible but also more appealing. Still, if you want to start gambling using cryptocurrencies, what are the things that you need to think about? Read on to learn more about gambling with these digital currencies.

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5 Factors to Consider if You Gamble Using Cryptocurrencies

According to the New York Times, cryptocurrencies may have revolutionized the gambling industry. Still, this does not mean that it is a form of payment to use blindly while gambling.

It is always essential to get your facts right and do your due diligence before joining the bandwagon of people gambling using cryptocurrencies. There are so many factors that you need to consider before gambling using Bitcoin. 

Besides, there are so many risks involved, and you need to be aware of them. So, what exactly are the aspects that you need to learn? 

Be Aware of the Risks Involved

Of course, owning cryptocurrencies and online gambling come with some considerate risks of their own. The majority of the serious concerns with online gambling involve the safety of your personal credentials and security of your financial accounts that are linked to the online casino. 

Luckily, using cryptocurrencies as the main method of payment minimizes the risk. Still, you need to know that Bitcoin is quite a volatile currency. So, its value changes several times a day. While it may stay within a range during particular times, there are other times when it plummets or spikes. 

According to the Wall Street Journal, the biggest worry a lot of people have is that the coin will go below the value that it was purchased for, meaning that they will lose the money put into the investment. Besides, cryptocurrency transactions are uninsured and irreversible due to the blockchain as well as the currency’s unregulated nature. 

Making an accidental transaction, or another person accessing your wallet, transferring all of your Bitcoin to their wallet means that you will most likely never get it back. So, every transaction made is final as a result of the blockchain’s structure. 

You cannot tamper with blocks once they have been added to the chain, meaning that a transactional reversal is impossible. So, you need to understand all the intricacies of gambling using Bitcoin. 

Make Sure That You Select a Suitable Bitcoin Wallet

In a case where you are using or buying Bitcoin, it is important to have a safe, secure, as well as accessible wallet. Based on how often you visit online gambling sites or intend to use Bitcoin to gamble online, your wallet needs will vary. 

The types of Bitcoin wallets range from ultra-secure to ultra-accessible, and your priorities and habits will affect the compatibility of your wallet. If your wallet is easy to access, then there is a higher chance of exposing yourself to theft and hacks. 

Still, you can make use of a wallet structure, maintaining an offline hardware wallet and an online one to easily access your Bitcoin for the intentions of betting as well as collecting payouts. There are several types of wallets to select from, including online third-party, online, and hardware wallets.

Use Only Trustworthy Bitcoin Gambling Sites

The most important thing before you start is to have a handle on what cryptocurrencies are, how they work, and what is needed in order to start gambling using Bitcoin. Once you get this, you can start searching for particular online gambling sites to use. 

You shouldn’t take this lightly since you’re putting your hard-earned cash in the form of digital currency into the hands of the gambling site. Still, sites haven’t been created equally, and there is a serious concern on the number of potential untrustworthy or scam sites in operation. 

While being anonymous and unregulated is among the reasons why Bitcoin is loved, this also makes it easy prey for scammers, so the chance of the culprit getting reprimanded or caught is minuscule. You’re looking for a fun and risk-free Bitcoin gambling experience without having to stress if your wallet, as well as your personal credentials, are safe. 

A reliable online gambling site, like Ignition Casino, should have been there for a long time, have an incredible reputation and a trustworthy history, making it one of the best sites for gambling using cryptocurrency. You can check out this review from OnlineCasinoGems.

Track the Value of Bitcoin

If you intend to gamble with Bitcoin, how about making a commitment to yourself to check its value at least once daily. There are so many sites that will show you the present value and chart of how it’s moving at a particular time, as well as the amount of Bitcoin circulating.  

According to the Washington Post, you don’t need to sell or trade Bitcoin to keep track of it; instead, you need to do this in order to understand how much you’re betting as well as your present wallet total at the start and end of each day. Besides, even though it may be intangible and doesn’t physically represent currency, Bitcoin is still an asset where you’ve placed your hard-earned cash into, meaning that it has to be treated as such. 

So, it would be best if you tracked it for tax purposes as well. The IRS has made it compulsory to report all types of bitcoin transactions despite their value. So, you need to keep a record of all your Bitcoin transactions, including gambling, since it is a form of bartering. 

Make Use of Provably Fair Gambling

Provably fair games are completely exclusive and unique to online gamblers using major cryptocurrencies. They make use of blockchain to show both the site as well as the user that the game was fair and not distorted in one way or another.

If you’re concerned about whether the game is rigged or not, then this is a great chance to take advantage of cryptocurrencies to play your favorite games without stressing about being ripped off. It works by publishing every action taken by a site in a particular game using open source algorithms.  

So, the user gets to see whether there is a fair outcome and that there were random odds just like playing at a land casino. Besides, each game has its own algorithm and code to determine fairness since various games need different processes. 

You may always try Slots.lv since it is famous for using provably fair gambling while betting using cryptocurrencies. For more information, you can check out this review from Weeklyslotsnews.

Online Gambling Using Cryptocurrencies

Using Bitcoin to gamble isn’t really different from gambling using traditional currency. Still, you need to take certain precautions to prevent easily avoidable mistakes.

Following this guide should help you understand exactly what you need to know before gambling with cryptocurrencies. Most importantly, you need to know the present value of the currency; otherwise, you won’t have an idea of how much actual money you’re either losing or winning.

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May 20, 2021, 9:54 am

How Cryptocurrencies Actually Work, Explained

by: The Financial Blogger    Category: Make Money Online

On December 17th, 2017, Bitcoin, a cryptocurrency, attained its highest price, reaching incredibly close to $20,000. While there was no way of predicting such a high value for this cryptocurrency, market trends pointed towards inevitable growth, especially since the Fall of 2017. See, from this time on, Bitcoin’s price rose and rose, reaching $5,000 in October, $10,000 in November, before eclipsing at nearly $20,000 in December. 

Bitcoin’s high price attracted global attention, and no media houses were left behind when it came to covering this wonder currency. However, what really shone the spotlight on Bitcoin were the millionaires who emerged quite from nowhere, thanks to savvy investments in the cryptocurrency. 

In light of these developments, interests in Bitcoin were piqued. Suddenly, people wanted to learn about Bitcoin and other cryptocurrencies. And thanks to the consistently high prices of these currencies, people still want to know about them to date. 

So, if you are one of the interested learners, this post is for you. By the end of this article, you will learn what cryptocurrency is and how it works. Let’s get you informed, shall we?

What Is a Cryptocurrency?

A cryptocurrency is a digital/ virtual asset that is used as a medium of exchange. It is secured by strong cryptography to ensure that financial transactions are safeguarded, eliminating cases of counterfeiting or double-spending. Excellent cryptography is also used to manage the making of new units and approve transactions. 

According to Forbes, cryptocurrencies utilize decentralized controls based on blockchain technology. But even with all this said, the standout feature of cryptocurrencies is that they are seldom availed by central authorities, case in point banks, and other financial establishments. For this reason, they are free of government meddling. 

Bitcoin, availed as an open-source software back in 2009, is widely considered to be the pioneer of cryptocurrencies. Today, it is the most popular and most valuable amid over six thousand altcoins (other variations of Bitcoin, or new cryptocurrencies.) As of November 2019, over eighteen million Bitcoins were circulating in the world, and their value equals a whooping USD 146 bn. 

As people continue to embrace cryptocurrencies, more of them have since emerged. Examples include Ripple, Ethereum, Stellar, Monero, Dash, Zcash, Vertcoin, Verge, and Titcoin. As of 2019, the cumulative market capitalization of cryptocurrencies was USD 237.1 bn.

How Cryptocurrencies Work

To know how cryptocurrencies work, it is necessary to learn a few key concepts. These are:

  • Public ledgers: All approved transactions since the creation of a cryptocurrency are recorded in a public ledger. Note, the names of the coin owners are encrypted, and other cryptographic mechanisms are used to ensure the integrity of record keeping.
  • Transactions: When it comes to cryptocurrencies, transactions occur when the transfer of coins between two digital wallets is completed. 
  • Mining: According to Investopedia, the mining process is responsible for giving value to the coins and is known as a proof-of-work system. It entails solving an increasingly complicated puzzle, confirming transactions, and appending the blocks into a blockchain. 
  • Pseudonymity: It is yet another essential thing to note when it comes to how cryptocurrencies work. Unlike in a cash system, the identity of a coin holder is kept in an encrypted address that is not connected to their name or any other identifying information. Therefore, the relationship that you have with your digital assets is pseudonymous rather than anonymous since the public can access the ledgers.

Examples of Where Crypto Is Used

After acquiring a cryptocurrency, there will come a time for you to spend it. But where exactly can you use it to pay for a service or product? Below are examples of instances when cryptocurrencies can be used. 

Online Casinos

Long gone are the days when you had to go to a physical casino to play poker, roulette, keno, or baccarat. See, thanks to technology, more specifically the internet, you can now play any casino game from the comfort of your location. And the best part of all is that you can now use cryptocurrencies on these platforms.

Ignition, an online casino established back in 2016, is one of the platforms that allow you to use cryptocurrencies, in this case, Bitcoin or Bitcoin Cash. But even with that said, it helps to know that you only have to provide a Bitcoin or Bitcoin Cash equivalent of the required dollar amount. With that cleared out, if you want to know more about Ignition Casino, feel free to check out this review from OnlineCasinoGems. 

Travel

The cryptocurrency world has witnessed significant growth in the past years, and the number of businesses that accept it as a form of payment has significantly increased. When it comes to travel, agents such as CheapAir and Destinia now accept Bitcoin payments for flight booking, car rentals, and even hotel reservations. 

Do you want to live in an apartment when you get to your travel destination? CryptoCribs can come in handy in this regard if you happen to have Bitcoin or Ethereum in your digital wallet. 

Food Delivery

The next time you are hungry, be sure to use your cryptocurrency to order your favorite meal. According to bitcoin.com, you get the opportunity to order any meal from pizzerias within your locale. The best thing of all is that you can use any coin from among the fifty accepted. 

Noble Causes

Believe it or not, you can now help your favorite organization when it comes to running various initiatives. Today, the Red Cross, WikiLeaks, and Save the Children are but some of the several organizations that accept cryptocurrency donations. 

Final Thoughts

Now that you know how cryptocurrencies work and where you can use them, it is time to think about investing in this opportunity. We can count on significant returns, given that people are always out to embrace secure technologies in a bid to counter cases of fraud and hacking. But even with all said, remember, wherever there’s a potential for high returns, it always helps to be extra keen.

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May 18, 2021, 9:12 am

Gemini vs Coinbase: What Should Crypto Traders Use?

by: The Financial Blogger    Category: Make Money Online

Trading crypto as a pastime and even as a profession has been growing for some time now. In the last year, the industry has grown even faster than usual thanks to the economic and lifestyle changes caused by the global COVID-19 pandemic. These days, you can quickly find more than  500 places to buy, sell, and trade cryptocurrency.

With that many options, how can traders possibly figure out which exchange is the best one for them to use? There are several ways to narrow your options. First and foremost, you need to figure out which exchanges are available in your locale. Then you will want to look at such factors as user experience, offerings, fees, and security the platform offers.

Looking at these aspects of different exchanges, U.S. traders get a much more manageable list of realistic options. Among those options, Coinbase and Gemini reside close to the top of the list. Here we will give a basic overview of the important differences between Coinbase and Gemini to help you figure out which one crypto traders should use.

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A Brief History of Coinbase

Coinbase Global, Inc. is the parent company for two different crypto trading platforms; Coinbase and Coinbase Pro. The original platform was founded in 2021 by cofounder Brian Armstrong and Fred Ehrsam who came from Airbnb and Goldman Sachs respectively. The idea was to create a way for people to use bank transfers to buy Bitcoin.

Fast forward almost a decade and the company has grown to earn over $1.1 billion in yearly revenue, employ over 1,000 employees, and operate in over 100 countries. They do all this while hosting two distinct platforms that cater to a wide range of crypto traders and investors’ needs.

A Brief History of Gemini

If you’ve seen the hit David Fincher movie, The Social Network, you already know at least a little about the history of Gemini. The movies’ antagonists (or protagonists depending on how you feel about Mark Zuckerberg) are Harvard-educated, Olympic athlete twins, Tyler and Cameron Winklevoss. These are also the two founders of the Gemini crypto exchange.

The Winklevoss twins announced Gemini in 2013 and officially launched it in 2015.

The Big Differences Between Coinbase and Gemini

Gemini and Coinbase are two very different companies even though they are both crypto exchanges. They have very different histories and very different offerings for users. Below we will look at the major ways these two sites differ. For a helpful breakdown of Coinbase vs Gemini, Cove Markets goes into greater detail.

While significantly smaller than Coinbase, with around 100 employees, Gemini has struck some big deals through the years to facilitate this growth. The company was the first licensed exchange for both ether and Zcash. They also struck up a partnership with Samsung in 2020 to link Gemini crypto wallets to Samsung phones. 

Availability 

Coinbase is currently available in over 100 countries around the world. It is also available in most U.S. states, but not all. Hawaii, for example, does not allow residents to use Coinbase. Gemini, on the other hand, is only available in the United Kingdom, South Korea, Hong Kong, and Singapore. It is available in all 50 U.S. states as well as the District of Columbia and Puerto Rico.

User Experience

Both exchanges provide a high-level trading experience to their desktop users. Coinbase and Gemini are perfect for newbie traders who want a clean, simple, and easy-to-navigate experience. Both Coinbase Pro and Gemini ActiveTrader offer advanced tools and charts experienced traders will love.

Maybe the biggest difference between the two platforms is the mobile experience. The Coinbase app is well-reviewed by users and is generally considered one of the best crypto trading apps on the market today. The Gemini app is fast but has received more mixed reviews from users who give it 3.4 stars as opposed to the 4.4-star rating of the Coinbase app.

Offerings 

Coinbase and Coinbase Pro both offer around 50 different crypto coins to buy, sell, and trade. The Pro version takes it a step further and offers almost 100 pairs to trade. The most popular pairs are BTC/USD and ETH/USD which make up about 50% of pairs trading. Gemini has about half of the coins and pairs that Coinbase offers. BTC/USD is the most popular pair on Gemini.  This one alone represents about 50% of the trading on the platform.

Fees 

The fee structure is very different when you compare Gemini and Coinbase. Coinbase uses an industry-standard tiered fee structure based on volume and whether you are a market taker or maker. Fees start at 0.5% at the lowest levels and go all the way down to 0 at the highest level of market maker volume.

On the standard Gemini site, the fees are much higher. They have a more complicated system that bases fees on not just the size of trade but how it is conducted. A transaction fee is added on top of any other fees. The result is a 1.4% to 1.99% fee depending on the trade. The Gemini ActiveTrader platform fees are similar to those of Coinbase Pro and are actually smaller in many instances. These fees range from .35% to 0 at the highest maker levels.

Security 

If these two platforms have one thing in common, it is their commitment to security. They both strive to be the safest places to trade crypto on the planet and they do a good job of meeting this goal. Both implement innovative security measures to help keep their users safe. Coinbase has a bug bounty program to encourage developers to share site security flaws.  Gemini uses multi-signature technology. This creates redundancy that makes a single-point failure less catastrophic.

Conclusion 

Both Gemini and Coinbase provide users with solid crypto trade exchanges. The fact that they both have sites for novice and experienced traders is something to like. Which one should you use? That depends on exactly what you’re looking for but if you find you prefer one over the other, you won’t be wrong.

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March 15, 2021, 10:40 am

8 Reasons to Go for a Doctorate in Business Administration (DBA)

by: The Financial Blogger    Category: Career

If you would like to become a business leader or climb to the highest positions in business, you will require the right qualifications. A Doctorate in Business Administration (DBA) degree gives you the right skills that are necessary to succeed at these levels. Although many DBA degrees seek to make you an expert in one area of business management and administration, these degrees also open doors and allow you to get into various leadership roles. In this article, we will look at additional reasons why you should pursue a DBA degree.

It Helps You Stand Out

With a lot more people obtaining Master’s in Business Administration (MBA) degrees, it is getting a lot harder for those with similar degrees to stand out. According to some, the market is starting to get saturated with people who have MBAs and this is why it is no longer enough to just have an MBA degree. A DBA allows you to stand out in a crowd full of people with an MBA.

Also, a DBA shows that you are willing to put in the time and work required to become a business leader. DBA holders also stand out because they have advanced skills that are crucial in positions where strategic planning and difficult decision-making is the norm.

Lastly, human resource (HR) departments will usually hire the person with the highest qualifications. By having a DBA, you naturally help your CV rise to the top.

It Lights a Fire Under You

If you are personally invested in what you are doing and motivated to get into business leadership positions, it gets easier to get into the leadership position you crave. Completing a DBA can help give you the motivation you need to succeed.

Knowing that you get to pick the exact career and positions you are interested in is also a huge motivator for a lot of people. A DBA gives them the chance to do exactly this and this is why a DBA is such a potent tool for helping people work towards the positions and career trajectories they are interested in.

It Opens Up Your Career

Earning a DBA makes you an expert in business and arms you with the skills that make it possible to pursue senior management positions. Additionally, pursuing a DBA can lead to new career opportunities in areas such as consultancy or research.

By understanding the challenges that face different industries and the skills required to craft solutions to these problems, DBA degree holders are better prepared to work in a diverse range of industries and fields including government, non-profit, business and healthcare.

If you are interested in solving problems and can generate new ideas and knowledge, there are also lots of opportunities in academia and academic research.

Higher Salary

A general rule is that the more qualifications and certifications you have, the higher the salary you can earn. With a DBA, you increase your chances of getting into higher or senior management positions which come with a higher salary.

In many companies that hire those with DBA degrees, the salaries tend to be higher than those of people with bachelor’s or master’s degrees. Also, smaller companies are starting to pay higher salaries for DBA holders. This is because they understand the value that DBA holders can provide.

Flexible Options

A major reason why a DBA is an attractive option is that you can earn the degree online if you wish. If you are pursuing a DBA, it is likely that you already have a job and other life commitments that might not allow you to take a traditional course that requires you attend multiple seminars and lectures.

Whether you are working, raising a family or running a business, completing an online DBA degree gives you the flexibility to keep your life moving while you earn the degree. Some institutions also go as far as offering DBA programs that do not require you to complete any in-person coursework, which is a huge advantage.

Professional and Personal Challenge

Earning a DBA is rigorous, challenging and oftentimes extremely difficult. Because of this, earning one challenges you both professionally and personally. Professionally, it challenges you to become a better business leader and the best in your field. Personally, it challenges you to develop the resilience and motivation required to reach a career or personal goal, no matter how challenging that might be.

It Helps You See the Big Picture

The amount of data and information being collected by businesses has grown exponentially. Business leaders are now being forced to learn more than they ever did to take advantage of this data and to have a better understanding of what is going on in the world, business or otherwise.

DBA degrees teach you how to see the big picture. Because of this, DBA holders are better able to work with data analysts and scientists to use the knowledge they get from data and the information to solve business problems, as well as find new and innovative ways to take advantage of and make use of this data.

It Improves Your Credibility

One main difference between an MBA and a DBA degree is that while the MBA is designed to have a broad scope, DBAs are meant to make holders authorities in specific areas. DBA programmes not only teach advanced research, presentation and writing skills, they also arm graduates with advanced research skills that are not taught in MBA programmes. This level of focus helps increase a graduate’s credentials. While earning an MBA might have helped propel you to a senior management position, that is no longer the case. The market is almost saturated with MBAs which means that standing out is getting difficult. Also, businesses are now looking for candidates who have kept up with the latest trends, information, technology and knowledge in the business field. Earning a DBA is a great way to not only stand out but to demonstrate that you have what it takes to hold a business leadership or senior management position.

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February 2, 2021, 9:41 am

Ways to Save Money on Heating and AC Energy Costs

by: The Financial Blogger    Category: Personal Finance

If you want to reduce your energy usage, stop worrying about the light bulb hanging from the ceiling and look at the air conditioner instead. Heating and cooling your home consumes a third of the energy used by the average family. That’s why you should invest your time and effort into getting more out of your AC or heat pump. Here are a few ways to save money on heating and AC energy costs.

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Replace Your Air Filters

Odds are that your home’s air filters should have been replaced weeks or months ago. A dirty air filter is clogged. The AC has to work longer and harder to bring in the fresh air it needs. This accelerates wear and tear on the system. It also forces it to use more energy to get your home as cool as it would if you had fresh air filters in place. Note that replacing your air filters in the fall will also reduce your heating bills. You also need to clear away fallen leaves and other debris from around the air intake vents before winter comes.

Have Your AC Repaired As Soon as Issues Arise

If your air conditioner is leaking refrigerant, you may notice the unit having to work longer and harder to get your home as cool before it stops working outright. This results in increased energy consumption as great as if you had turned the thermostat down a couple of degrees. If the unit is repaired early on, you won’t have to replace the motors or add as much refrigerant. Work with a good AC repair San Antonio based firm, so that your HVAC system can be regularly maintained and quickly repaired when necessary.

Insulate

One of the best ways to save on your energy bills is to insulate your home. What can you do if your home already has thick insulation? You might want to arrange an energy audit to look for gaps in the insulation. There might be cold spots in the walls because of leaking pipes, too. You can add more insulation to your home, too. You could hang insulated drapes in the windows, reducing your heating and cooling bills. Put draft stoppers under doors. In some older homes, you might want to consider replacing the front door with a more solid, insulated one. Put another blanket on the bed before you turn up the thermostat at night. 

Find More Energy Efficient Ways to Stay Cool

How can you keep cool without turning down the thermostat and driving up your electric bills? Turn on the ceiling fans or portable fans instead. You don’t have to go for a swim, but you might feel better after taking a cold shower. Or give everyone cool drinks. Tricks like these may be what you need to get through the hottest part of the day without cranking up the AC. You may also need to eliminate heat sources that offset the cooling effect of your air conditioner. Don’t bake or take hot steaming showers when your AC is struggling to keep your home cool. Close the blinds on the side of the house being hit with the summer sun. Wait until the evening or early morning before you turn on the clothes dryer.

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