Category: Digital valuta

Bequia is a small island in the Caribbean Sea and is only 18 square kilometers in size. Euronews writes that this island is poised to become the world’s first fully Bitcoin community.

Necessity, not a marketing ploy

In the near future, real estate company One Bequia plans to build 39 luxury villas here. They tout themselves as “the only real estate development in the Caribbean to accept Bitcoin.” However, cryptocurrency adoption seems to be driven by necessity rather than idle curiosity or a marketing gimmick.

“Cryptocurrency adoption is far from a gimmick,” said Storm Gonsalves, head of the One Bequia project. “It is a response to the very real challenges facing island communities that are increasingly cut off from mainstream banking facilities.” Portugese crypto is popular.

Banks ignore islands for derisking

He explains that small island states are often cut off from international payment networks as a result of “derisking” by large banks.

“This prevents the island banks from doing international business. If this trend continues, it means that small island nations will essentially be cut off from international trade and commerce. This will be devastating for tourism-based economies. ”

Everything on bitcoin

To prevent them from being completely cut off from the global economy, the island is taking matters into its own hands. The developers want to create an ecosystem where everything from groceries and restaurants to movie tickets can be paid for with bitcoin.

The reason is the freedom that bitcoin offers. A transaction does not need a third party such as a bank, an internet connection is enough. In this way, bitcoin will of course become the payment method of choice for islanders and tourists.

“This has prompted many Caribbean island nations to adopt blockchain and other cryptocurrencies much faster than other more developed countries. Bermuda, Bahamas, Barbados and now St. Vincent are at the forefront of this. ” Italy crypto website is popular.

https://youtu.be/XZftrhSE2ys

Bitcoin is a philosophy

However, not everyone understands the benefits of cryptocurrency and people are still skeptical, he added, but for many residents and visitors of Bequia, Bitcoin is more than just a financial tool, it is a philosophy.

“Early crypto investors are not typical speculators and they strongly believe in the philosophy of decentralization behind Bitcoin / blockchain,” Gonsalves concluded.

Bequia is the largest island in the Grenadines, in the Caribbean Sea. The capital of Bequia is Port Elizabeth and the official language is English.

You are reading the second part of Beter Beleggen, a series of investment articles from Business Insider, which is aimed at preparing you for your financial future. If you haven’t read the first part, check out: Why should you invest? Return on which you beat inflation. In the long run, investing can usually yield a higher return than saving. In this way, your money not only retains its value, but you even improve financially (in some cases).

Invest in?

But what do you invest in? Stocks, bonds, real estate or crypto coins? That largely depends on the ratio between the expected return and the risk you are willing to take. In general, the higher the potential return, the higher the risk of significant fluctuations in the value of your investment. The latter means that your investment can generate a loss or increase in value sharply.

What is very important for the target risk-return ratio is your investment horizon. Suppose: the stock market falls immediately after your purchase. If you invest for the next 20 or 30 years, you still have a long time to recover from that. But if you were hoping to make some money in the short term, chances are you’ll have to exit the market at a loss.

In addition to the time element, there is another important consideration when investing: you can choose to invest in different types of products (from stocks to real estate and cryptos). This is an investment portfolio in which the distribution of your assets over different types of investments influences the total return that you can expect and the risk that you run with it. For example, if you put a large part of your money in stocks and a small part in bonds, you will get a higher expected return, but also a higher risk. https://renovato.io/ has enough information. In the remainder of this article, we will look at how 5 well-known asset classes differ from each other. Later in this series we will discuss how you can play with the ratio between different asset classes within a portfolio.

Shares

Shares are considered an indispensable asset class. When you buy a stock, you are actually buying a piece of a company. In fact, you become a co-owner.

Stocks can generate money in two ways: through capital appreciation as a result of rising stock prices (the price at which shares are bought and sold), and/or through income in the form of dividends. The latter is your share of the operating profit.

The potential return for equities is higher than for bonds. This also comes with a higher risk. For example, the price of a share can fall below the price for which you bought it. This happened, for example, with people who invested money just before the credit or corona crisis.

Instead of buying shares of individual companies, you can also opt for an exchange-traded fund (ETF). That is in fact a basket of shares, with which you can spread yourself across multiple sectors, countries or regions with one purchase. This way you don’t bet on one horse and you are somewhat protected against extreme price fluctuations.

Bonds

Bonds are also a classic part of the average investment portfolio. These are loans that are tradable on the stock exchange. When you buy a bond – also known as a “debt security” – you are actually lending money to a government or company. Visit moveco.io has enough information. As with stocks, there are two ways government and corporate bonds can make money. The first way is through the interest paid on the loan. This is also known as the ‘coupon rate’.

In general, the higher the creditworthiness of the bond issuer (a government or company), the lower the interest to be received. In other words, the lower the risk, the lower the return. Typically, corporate bonds offer a higher yield than their government counterpart.

Tesla CEO Elon Musk

Elon Musk tweeted last night that Teslas can be bought with bitcoins again if the cryptocurrency uses less fossil fuels. The price of bitcoin immediately shot up by more than 5 percent. Last month, Musk caused a fall in the price of the cryptocurrency, when he tweeted that bitcoin is bad for the climate.

“As soon as about 50 percent of the energy used for mining bitcoins is clean, Teslas can be purchased again,” Tesla CEO Elon Musk wrote on Twitter last night:

Bitcoin, the world’s most famous cryptocurrency, immediately rose in value by about 5.1 percent and is now worth more than $ 37,360 (about 30,880 euros). That is still considerably less than two months ago, when the coin was worth more than $ 63,000. Cryptofriends.io is helpful.

Huge price drop

Last month, the Tesla boss caused a huge drop in the price of the digital currency. He was a big fan of bitcoin but changed his mind because of the carbon emissions caused by the digital currency.

3.4 percent: So little tax paid by the richest Americans

He called bitcoin a “scam” on a popular TV show and later wrote on Twitter that Tesla no longer accepts the cryptocurrency as a means of payment. He also joked online that he was “breaking up” with the coin, pushing the price down even further. Polkadot price is high.

Despite bitcoin’s decline in May, the digital currency is still worth nearly four times what it was a year ago. Ether, the second largest crypto currency in total value, has become more than ten times as much in a year.

The $40,000 zone is still a solid ceiling! The bitcoin (BTC) bulls have failed to break it in recent days. Bitcoin has been falling again since early yesterday morning, reaching a relatively important point today. Is this again just a temporary dip, or are we diving deeper into the range?

Bitcoin (BTC) price at 50-moving average, activity is increasing

As could be read earlier today on Crypto Insiders, the BTC price has fallen in value again. At the time of writing, the price of bitcoin is $39,695 on crypto exchange Coinbase. 24 hours ago, bitcoin was still trading above $41,000.

The decline has brought bitcoin back to the 50-moving average (MA) on the 4-hour chart. This point could provide some support. On-chain analyst Will Clemente notes that there is a lot of activity around the current price level:

https://youtu.be/eJ-FUFV7MJo

This could mean that this point can indeed form a support. Still, a further dip, deeper into the price range that bitcoin has been trading in since the end of May, cannot be ruled out. For example, there is some negative news about a new bill in the United States. Shiba inu is well known in crypto.

Ethereum (ETH) holds up well

Despite the falling bitcoin price, ethereum (ETH) knows how to increase in value. The largest altcoin on the market is almost 3% in the green, making it the biggest riser of the top 10. The only other riser at the moment is the number 10, uniswap (UNI). It is 1% in the plus.

The largest decliner is polka dot (DOT). The altcoin is down 2.8% and is now worth $18.36. DOT was also the subject of good news today. The Dutch exchange Bitvavo will start listing new altcoins in the coming days. Polkadot is the first altcoin to be added. Holo is well known in crypto.

Overall, the crypto market lost 1.7% of its value over the past 24 hours. All cryptocurrencies together are worth $1.62 trillion. Bitcoin is losing ground again. Bitcoin dominance falls almost 1% and stands at 46.1%.