Yesterday Cryptopia, New Zealand’s biggest cyrptocurrency exchange, put out a statement saying they had experienced an attack and had experienced “significant losses”. All deposits and withdrawals were frozen. No timeframe was given for how long the freeze would be in place, and no indication was given of how heavy user losses were expected to be. […]
Bitcoin
How To Cash Out Your Bitcoin In New Zealand
One of the common questions we have from Bitcoin investors is: How to turn your coins back into cash? When selling your Bitcoin the process is always the same; first you need to agree to a price. Using the spot price on coinmarketcap.com is usually a good starting point. Secondly you need to arrange a […]
What Is The Lightning Network?
There have been many arguments against Bitcoin since its inception, but probably the most relevant one today is that of scalability. The truth is, Bitcoin is slow and expensive in its current form. The ability of Bitcoin to scale is simply non-existent during high volume periods. If you were active during the 2017 bull run, […]
Analysing The Bitcoin Bear Market
I’m sure you’ve heard the investing philosophy “be greedy when others are fearful, be fearful when others are greedy” – a quote from famous stock investor Warren Buffett. But there’s more to this quote than people interpret on the surface. The quote basically tells us to be contrarian when it comes to market cycles, but I […]
How Bitcoin Works (For Tech Dummies)
So Bitcoin is cool and all, but how does it actually work? Like what is happening under the hood? You’ve probably seen people talking about mining, immutability, hash rates, algorithms but for us tech noobs, we usually just gloss over that stuff. But you can’t do that forever. Eventually you need to read about this […]
A Guide To Using Your Ledger Nano Hardware Wallet
If you’ve already read my guide to wallets, you’ll know that I highly recommend using a hardware wallet to store your cryptocurrency. This is because for the average person, keeping a web wallet or a paper wallet secure is arduous and more trouble than it is worth. Unless you’re the type of person who loves cryptography as […]
Bitcoin Price Prediction: $20,000 by 2020
Bitcoin slumped today to $4,300 USD, the lowest it’s been in almost a year. From it’s peak of just over $20,000 in December 2017, that’s a fall of almost 80%. Even worse than that, I don’t think we’re done yet. I think we could see Bitcoin at the $2,000-$3,000 mark at some stage. I don’t […]
Things I Don’t Like About Bitcoin
I’ve written a lot of positive things about Bitcoin, so you might think that I’ve got 80% of my portfolio in it. Actually, only about 5% of my portfolio is in cryptocurrency. That’s because while I believe Bitcoin solves a lot of the world’s problems, there are a lot of things I’m doubtful about too. […]
Why It’s Not Safe To Keep Money In A NZ Bank (And What You Can Do Instead)
At the height of the financial crisis in 2009, the financial system of Cyprus imploded. Two of the country’s biggest banks were wound up, the country was forced to take on a multi-billion euro emergency loan and bank withdrawals were frozen to avoid a banking exodus by citizens. That probably doesn’t sound too outrageous – […]