Investing In Bitcoins: 5 Things You Need To Know


08 October 2019


Investing In Bitcoins

Ever since Bitcoin was announced to the world, it has generated hype and frenzy unlike any other financial commodity in the world. However, Bitcoin is much bigger than just a digital currency. It is a system of finance.

Many people make the mistake of assuming Bitcoin as a sole entity. It is not. It is part of a larger financial structure or medium known as Blockchain.

In this article, we will look at how any individual can easily acquire, invest and trade in Bitcoin. We will also look at the top 5 things individuals need to keep in mind before undertaking any Bitcoin or Blockchain adventure.

Bitcoin and Blockchain: What is it?


Bitcoin is a digital currency, which seeks to remove finance from the hands of governments and international financial institutions. In many ways, Bitcoin is a democratic, peer-to-peer payment structure, which aims to reduce costs, makes payments faster and eases the entire network.

Founded by the anonymous Satoshi Nakamoto in 2009, the digital currency hit a high of over $17000 USD in late 2017. From then on, the volatility and speculation surrounding it have made it jump up and down in terms of evaluations. However, as of now, one Bitcoin has reached nearly $8000 USD once again.

Bitcoin has emerged as one of the strongest financial investment products over the past few years. However, this means that there are many nuances, risks, and rewards out there for Bitcoin trading. It also means that there are manipulators out there who are tricking and cheating people when it comes to Bitcoin trading.

 Here are 5 Things to know before Investing in Bitcoins:

1. Do your research before selecting on a Bitcoin Trading Platform

Many unscrupulous people and websites out there are cheating unsuspecting individuals of thousands of dollars by offering Bitcoins. Please do your research before you try to make a payment for purchasing Bitcoins.

One of the best ways to ensure safety is to be part of Bitcoin Trading Platforms, which have their own bitcoin trader login as a point of entry. This ensures professionalism and safety for all your transactions.

2. Try to make Small Bitcoin Investment Options initially

If you are someone who is looking to just step into the Bitcoin investment game, it would be wise to tread cautiously. This means that you do not need to purchase one Bitcoin at one go. This would be too expensive and complicated.

Bitcoins can be broken down into one-millionth of a trade. This means that you can make small purchases as investment options. This will help you familiarise yourself with the market and enable you to work towards bigger investments. Nowadays, you can also use this cryptocurrency trading platform bot that determines when the price will rise and you can make great profits as a result.

3. Do not reveal your identity to third parties at any costs

It would be foolish to assume that digital transactions of investments cannot go wrong. The same goes for Bitcoins. It is important that you do not reveal your Bitcoin Address, Bitcoin Wallet or your cell phone numbers to outside parties.

There are hackers who are much more technologically advanced than you are. By being safe, you can ensure that your investments will keep growing in a safe and secure environment.

4. Do not invest every penny you have into Bitcoins

In other words, do not take loans from people, just for the sake of investing in Bitcoins. There are speculations out there that result in many fluctuations. It is important to ride out these volatilities.

If you are someone who is not on a strong financial footing, investing in the present might not be a good idea. Try to be secure before taking the plunge. As with all financial products, investments can be risky.

5. Select the Right Bitcoin Trading Platform

Many experts out there have been following Bitcoins and Blockchain technology right from its inception. Some of them have taken the leap and established their own trading platforms, which offers help, guidance, and expertise on Bitcoin trading.

It is best to select a trading platform, which is backed by expertise and experience. Aligning with amateurs who do not understand the market might be too risky.


In recent years, more and more people who are trading in Bitcoins are using the best software to boost their chances of earning profits. From using complex algorithms to Artificial Intelligence, the advanced nature of the software makes it very easy for people to make complex decisions.

One such software is the Bitcoin Evolution. Many critics are skeptical of Bitcoin Mining as it involves high costs and investment expenditure. The Bitcoin Evolution software is trustworthy, legit and very affordable.

While there are many who make millions from investing in Bitcoins, several others lose quote a lot of money. It is important to follow the five steps mentioned above to ensure that your investments in Bitcoin return a healthy profit.

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Tips to Lower Your Insurance Costs

Investing in life insurance can be an intimidating thought. It is safe to say that the younger and healthier you are, the lower your insurance costs will be. This is because a healthy person has a lower risk of dying as compared to a person with an unhealthy lifestyle. Hence, if you are thinking about life insurance here are a few tips that could help lower the cost of your insurance.    Stop Smoking A smoker has to pay a much insurance premium as compared to a non-smoker of the same age. In some cases, this can be as high as triple the premium. So, if you smoke or use any other tobacco-based products, now is the time to quit. You will be considered a non-smoker after you have quit smoking for at least 3 to 5 years.    Lose some Weight A number of health issues are caused by being overweight. Hence, insurance companies consider obese or heavy people a high risk and hence charge them a higher premium. Maintaining a healthy BMI can help you live a longer, healthier life by reducing your risk of heart diseases, blood pressure problems, etc.    Schedule an Early Physical A thorough medical examination is one of the prerequisites of most life insurance policies. Try and schedule this exam in the early part of the day or on a day when you are relaxed and well-rested. This is because studies show that testing for blood pressure, cholesterol, etc. have lower results in the morning as compared to in the latter half of the day after you have had a stressful day or eaten a heavy lunch.  Fasting for 24 hours before your physical could also help lower your cholesterol count.    Be Honest If you suffer from a preexisting condition it may be tempting to try and hide this information from your insurance agency. However, doing this could cause you a lot of trouble. In most cases, the insurance company will recognize your health condition during the review of your medical history and medical exam. Since you did not disclose this condition, you will then not have an opportunity to explain the situation.    Drive Carefully Along with your health records, an insurance agent might also ask for your driving record. While this may seem unconnected, it is not. According to many insurance agencies, a driver who frequently breaks traffic rules is likely to put himself or herself in a dangerous situation and hence is considered high risk. So, if you have more than the occasional ticket to your name, it may be wise to wait a few years before applying for insurance and drive more carefully in the meantime.    Keep an Eye on Insurance rates Like everything else, insurance policy rates also change from time to time. Thus, even if you have already bought a life insurance policy, it is important to review and compare policies every few years. Affordable Life USA has great rates on life insurance. Along with comparing quotes, you should also update your policy from time to time to reflect the changes in your personal situation.

Retirement Age

Understanding Ideal Retirement Age Planning: Strategies For Timely Financial Freedom

When approaching retirement planning, it is widely recognized that starting early is a cornerstone of ensuring a secure and comfortable retirement.The notion of an ideal retirement age may vary individually, but there are certain age-related milestones that can guide individuals in maximizing their retirement benefits and minimizing penalties. Consistent saving from the beginning of one's career, coupled with a clear understanding of these milestones, is essential in laying a strong foundation for the future.Retirement planning is not a one-size-fits-all process; it involves a series of strategic decisions tailored to an individual's life stages and financial situation.Assessing how much do I need to retire on $100,000 a year in retirement is another critical component of the process. This involves not only saving but also making informed choices about retirement accounts and investments to ensure that the funds will grow adequately over time.Individuals must also be mindful of specific age benchmarks that impact retirement planning. For example, being aware of when they are eligible for certain government programs and the implications of withdrawing retirement funds at various ages can help in avoiding unnecessary fees and optimizing benefits. This strategic management of timing in relation to age is a key aspect of effective retirement planning.Determining Your Retirement GoalsWhen planning for retirement, individuals must carefully assess their financial needs and health factors to establish a clear and realistic set of goals.Assessing Financial NeedsA critical step in retirement planning is determining the amount of savings required to sustain one's desired lifestyle. Retirement calculators can be instrumental in estimating the necessary nest egg. These calculators assess current income, savings, and anticipated retirement age to provide a personalized savings goal. To tailor these estimates, individuals should consider:The proportion of current income they aim to replace during retirement is often recommended to be around 70-80%.Expected major expenses, such as housing and leisure activities.Potential sources of retirement income, including Social Security benefits, pensions, and annuities, which can reduce the reliance on personal savings.Evaluating Health and Life ExpectancyIndividuals' health status and life expectancy play a significant role in retirement planning. Those in good health may require a larger nest egg to support a potentially longer retirement period. Key considerations include:Life expectancy data to inform the duration of retirement savings should last.The cost of health care, generally rises as one ages, necessitates a larger reserve in the retirement fund.Long-term care insurance can mitigate the risk of high unexpected health-related expenses.By focusing on these aspects, individuals can establish a retirement plan that aligns with their unique circumstances and supports a financially secure and healthy retirement.Retirement Savings StrategiesOptimal retirement savings strategies are centered on maximizing contributions to retirement accounts, understanding the significant effects of compounding over time, and balancing risk with investment choices.Maximizing 401(k) and IRA ContributionsIndividuals should aim to contribute the maximum allowed amounts to their 401(k) and IRA accounts each year. For 2024, the contribution limit for 401(k) plans is $20,500, with an additional $6,500 in catch-up contributions permitted for those aged 50 and over. IRAs offer a lower threshold, with a contribution limit of $6,000 and a $1,000 catch-up contribution. Taking advantage of these limits can significantly enhance one's retirement savings, especially when employers match a portion of 401(k) contributions.Understanding the Impact of CompoundingThe power of compounding cannot be overstated in the context of long-term investment. When returns are reinvested, they generate additional earnings over time. This effect is particularly potent for those who start investing early. For instance, investing just $100 a month starting at age 20 could lead to a substantial accumulation by retirement age, assuming a modest annual return.Balancing Risk and InvestmentA well-balanced investment portfolio blends various asset classes, such as stocks, bonds, and possibly other investments, to align with one's risk tolerance. Typically, stocks offer higher growth potential but come with increased risk, whereas bonds traditionally provide more stable, but often lower, returns.As individuals approach retirement age, they may consider shifting their investment focus towards more conservative options to preserve capital. Additionally, the use of a Roth IRA can be beneficial for tax-free growth and withdrawals in retirement, depending on an individual's tax situation.Navigating Government BenefitsGovernment benefits for retirees hinge on correct timing and a thorough understanding of eligibility requirements. This section guides through Social Security and Medicare, two pivotal components of retirement planning.Optimizing Social Security BenefitsTo maximize Social Security benefits, individuals must consider their full retirement age (FRA), which varies from 65 to 67 depending on their birth year. Claiming benefits at the FRA ensures the full monthly benefit amount. However, one can begin receiving Social Security payments as early as age 62, but this results in permanently reduced benefits.Before FRA: Reduced benefitsAt FRA: Full benefitsAfter FRA: Delayed retirement creditsStrategically, delaying Social Security benefits beyond the FRA can increase the monthly payment by a certain percentage until the age of 70, offering one of the simplest ways to enhance one's retirement income.Planning for Medicare EligibilityMedicare eligibility begins at age 65, regardless of one's FRA for Social Security. Enrolling in Medicare on time is critical as late enrollment can result in penalties and gaps in coverage. Medicare includes several parts:Part A: Hospital insurance, usually premium-free if one has paid Medicare taxes for a sufficient number of years.Part B: Medical insurance, covering doctor's visits and outpatient services, which requires a monthly premium.Part D: Prescription drug coverage.Understanding the interplay between Medicare and other health benefits is also important, as it might affect decisions regarding employment benefits or Marketplace coverage. Individuals should review their options within the IEP or Initial Enrollment Period (IEP). It begins three months right before the month of their 65th birthday whereas it ends after three months.Conclusion: Preparing for the UnexpectedIn retirement planning, addressing potential risks and preparing for unforeseen healthcare expenses are crucial. They often advise individuals on incorporating health insurance and long-term care into their financial strategy and emphasizing the importance of an emergency fund and insurance options.Incorporating Health Insurance and Long-Term CareOne must assess the risk of healthcare expenses and the necessity for long-term care. Health insurance is vital for managing costs associated with medical care during early retirement, especially prior to Medicare eligibility at age 65. Long-term care insurance can safeguard one's finances by covering expenses that traditional health insurance does not, such as in-home care or assisted living facilities.Assess Early Retirement Needs: Individuals retiring before age 65 should plan for their health insurance coverage to bridge the gap until Medicare.Long-Term Care Costs: Evaluate the potential need for long-term care services, which can quickly deplete retirement savings.Building an Emergency Fund and Considering Insurance OptionsAn emergency fund is a backbone of financial security, acting as a buffer against unexpected expenses. They also stress considering various insurance options, such as life insurance, to mitigate financial risks to dependents. Furthermore, understanding penalty-free withdrawals from retirement accounts can provide greater financial flexibility in case of emergencies.Emergency Fund Size: Aim to save at least three to six months' worth of living expenses in an easily accessible account.Insurance as a Safety Net:Life Insurance: Provides financial support to beneficiaries in the event of the policyholder's death.Flexibility with Retirement Funds: Familiarize with conditions under which penalty-free withdrawals from retirement accounts are allowed, to avoid unnecessary financial strain during emergencies.Read Also:Smart Ways to Invest in GoldHow To Start Your Investor Journey: 5 Credible Options To ExploreWhat Investors Should Know about Investment in Gold and Silver Assets

home improvement loans

Home Sweet Home Improvement: How to Find the Best Home Improvement Loans

It's estimated that in 2018, Americans spent nearly $340 billion on home remodeling projects. Home improvement loans are one of the best ways to sort out the problem of home renovation.If you're planning to make some changes to your home, you may find that a home improvement loan is the only way you can get the job done.But finding a home improvement loans isn't easy, and sometimes it can be difficult to figure out how you can find the right loan, at the right price.Below you'll discover how you can find the best home improvement loans for your renovation project. Read on, and you'll discover how you can give your home a fresh look, without having to wreak havoc on your finances. Decide What You Want to Use the Loan For: Before taking out the loan, it's a good idea to think about how you're going to spend the money associated with the loan.In doing so, it becomes easy to work out how much you'll need to borrow. This then prevents you from over-borrowing and ending up with more debt than necessary.Now, if you don't know how much a particular home improvement project is going to cost, it's probably worth speaking to some contractors.If you can provide these contractors with an accurate representation of what you want to achieve, they should be able to give you a quote.If you can, try to speak to more than one contractor. This'll help develop a realistic average of what the project is going to cost. How Can You Fund the Home Improvement Project? There's more than one financial 'instrument' you can use to fund your home improvement project.For instance, there's the typical route of obtaining a home improvement loan.Now, home improvement loans can often sound like a good idea, but you'll find that such loans aren't always the best option.This often comes down to the fact home improvement loans tend to be unsecured, and this makes them a risky bet for lenders.This risk can also mean that the interest rates are going to be high. On top of this, you'll find lenders will offer relatively short repayment periods associated with these loans.The other option is to go for a personal loan.Again, this kind of loan is unsecured, and this can make such loans pricey. But, if you have good credit and a steady income, lenders might be willing to offer you a personal loan at a reasonable rate.One of the good things about a personal loan is that you may have a favorable payment term that gives you plenty of time to pay the money back. If you'd like to learn how you can find the best personal loans, check this out.There's also the option of funding your project using a credit card.Now, for many people, this should be considered as a last resort. This is because the interest rates on a credit card can be very high. But if you can find a credit card that offers 0% APR, this might be a worthwhile option. Speak to Many Lenders: Once you have a decent sense of how much the project is going to cost you, it's the time to approach some lenders.It's worth noting that some lenders will have different requirements to others. Often, you'll have to fill out an application, and the information you provide will determine whether you receive the loan.If you find your application is successful, you may have to approach another lender. You may also need to think about funding your project, using a different strategy. Manage Your Project Carefully: Once you receive your funds and begin remodeling, it's vital you manage your project carefully so that it doesn't go over budget. If this happens, you'll need to lend more money, and this can increase your debt burden.At the very least you need to keep a close eye on the contractors and ask them about their progress daily. Ask them to provide you with projected deadlines, and then check in with them to ensure they're going to meet these deadlines.It's essential you do this, as contractors often charge you a daily rate. If the project goes over schedule, you may end up needing to spend more than you budgeted for. Can You Reduce the Price of the Project? Before the project begins, you might want to ask your contractors if there's anything you can do to help lower the cost of the project.If you take certain cost-cutting measures, you may find that you don't need to use the entire loan. This then means you can repay the loan faster, thereby reducing the amount of money you spend on interest payments.Taking this step is important, as it can reduce the stress associated with having to find the 'perfect' home improvement loan.For instance, the contractors might say that things will work out cheaper if you source the materials needed for the project.You can then ask them what they need, and you can go to your local hardware store and order these items.You might also want to ask the contractor if there are any simple tasks that you can help them with.So, if you're looking to renovate a bedroom, there may be some closets that are 'built into' the room, of which you no longer want.If you take the time to remove these closets, the contractor doesn't need to spend their time on this task. This then lowers the amount of money they'll charge you as their workload is now reduced. Do You Know How to Find the Best Home Improvement Loans?  If you want to give your home a fresh look, home improvement loans can help you get the job done, without having to spend all your savings.That said, you want to make sure you do everything you can to limit the amount of money you actually need to borrow. You also want to make sure you speak to a broad range of lenders so that you can find an affordably priced loan.Yes, it can be scary to borrow money for a home improvement project. But if you follow the tips in this post, you should be able to minimize your stress levels.Thinking about remodeling your kitchen? Check out this post to learn about the best countertops you can use.Read Also:Lining Up For A Loan – How To Secure A Good Loan 7 Tips To Increase The Value Of Your Home Best Home Buying Tips For First Time Buyers Invest Real Estate In Detroit: 7 Things You Need To Know Before Buying Your First Investment