Author: Jack Dossman

CryptocurrencyMarkets

5 reasons to be optimistic about crypto in 2019

The price of cryptos took a beating in 2018. After hitting an all-time high in January, it’s been nothing but red ever since, with market caps shrinking to roughly 15–20% of their peaks. The masses jumped on the crypto bandwagon, and then very promptly got back off once the hype bubble burst. And now with the price down, plenty of people are saying that crypto and Bitcoin are finished, and they’re not coming back. But is that the only story we can tell about crypto in 2018? The hype has mostly…

Blockchain

Explaining Blockchain with Pokemon Cards

Bitcoin and blockchain technology made simple Let’s imagine we’re kids again, and we’re sitting in the school playground. We have our Pokemon trading cards out, and we decide to trade two cards roughly equivalent in value. There’s nothing particularly tricky about this exchange. We both agree the trade is fair, and I give you my card and you give me yours. Nice and easy. Being responsible 10-year-olds, we don’t need to ask the teacher to supervise this exchange and make sure the cards are traded correctly. It’s obvious who now…

Cryptocurrency

The ultimate 10 step guide to crypto investing

Step 1: Understand why you want to invest in crypto Why are you considering investing in Bitcoin and other cryptos? If the answer to this question is unclear, or anything remotely close to “dunno, but I heard it can make you rich”, then there’s a lot more research you need to do before making the leap into crypto. Now I’m not saying that your motivation for getting into the market to gain monetary wealth is unworthy. There are plenty of people in this space who have this as their primary drive,…

Security

A beginners guide to keeping your crypto safe

Cyber security is hardly a sexy topic, and is easy to overlook, but the last thing you want to do as a crypto investor is watch all your money disappear because you were careless about keeping it safe. The decentralised, unregulated and anonymous nature of cryptos means that it’s essentially impossible to track them down if they go missing or are stolen. There’s no central company that will reset your password for you if you forget it. There is no customer service centre to complain to when something goes wrong. And…

Blockchain

Crypto terminology for beginners

So you can avoid the FUD and hodl your altcoins to the moon No matter your position on crypto, we can all agree that the terminology is intimidating if you’re new to the space. Do you need 2FA on your cold storage wallet so you can hodl your shitcoins, or are the shills giving you FUD? If that sentence scares the hell out of you, then read on. What follows is a lighthearted breakdown of the most common terms used in the crypto space. Altcoin (Alt) Any alternative crypto to Bitcoin. Bagholder…

Cryptocurrency

The top 10 cryptos explained

With over 1500 cryptos in circulation and new tokens being introduced all the time, it’s almost impossible to stay up to date with the market. Luckily, only a handful of these truly influence the industry, so understanding what these cryptos do and how they work is key to understanding the whole space. In this artcle we’ll take a quick look at 10 of the most important and interesting cryptos, and simply explain what they do and where they’re going. Bitcoin (BTC) Short explanation Internet money and digital gold. Longer explanation Bitcoin…

Bitcoin

What is Bitcoin and how does it work?

Bitcoin is a new form of internet money that is fundamentally different from existing currencies. But what makes it different, and why is it important? It is decentralised, meaning it isn’t controlled by any single company or person, and all transactions are peer-to-peer. The history of all transactions is continually being verified by powerful computers, so it is impossible to change once a transaction has been accepted. There are many benefits to this approach. There is no single entity that can manipulate it in any way, meaning there is no…

Blockchain

Blockchain explained in 1000 words

Has trying to understand blockchain ever left you dazed and confused? Sick of hearing nonsense like SHA256 algorithms and byzantine fault tolerance? Just want to know what the hell blockchain is and why people keep talking about it? Well you’re in luck. In this article, I’ll explain in plain English what blockchain is, how it works and why it’s so important in less than 1000 words. Let’s get to it. What is blockchain? At its core, a blockchain is not so different from a regular database. It stores information on things that happened in…

Security

Common crypto scams and how to avoid them

Despite all the hype and excitement, the crypto space has unfortunately become synonymous with hacks, scams and thefts. Cryptoaware.org estimates that at least $2.3 billion USD has been lost to scams and hacks in crypto since 2011 (as of August 2018). The actual number is probably even higher due to the number of attacks that go unreported every year. So why is this the case, what scams should you be aware of and how can you stop them? Why are there so many crypto scams? To understand why scamming is so rampant in…

CryptocurrencyMarkets

Is the crypto market a bubble? What history can tell us

Sir Isaac Newton was undoubtedly one of the smartest men in history. But not even he could outsmart the nature of economic bubbles. He invested his life savings in the South Sea Bubble of 1720, and lost today’s equivalent of £4 million, causing him to quip after the crash: “I can calculate the movement of the stars, but not the madness of men” So if not even Sir Isaac Newton can foresee a bubble and act rationally, what hope do the rest of us have? For one thing, we have hindsight, and…