But is it the best time to invest? And if so, what are the things you should know first? Let’s start with markets and some basic terminology to pick up so you can talk it up with some of the big moneymakers!

What’s a Bull Market?

A bull market occurs when consumer confidence is at a high point. This happens when stock prices are rising or are at inherent high points that work to perpetually fuel the already existing investor confidence. When people are looking to spend (and many of them get a return when they do so), we often end up with a bull market.

Oftentimes significant historical events, such as the economic boom following World War 2 and the official end of the Great Recession end up sparking bull markets. Ultimately a bull market is when you want to try your luck and strike gold. But be wary because other investors are trying to do the same thing. Consider working with a decorated investment firm before putting too much of your hard-earned cash into the unpredictable pit we call a stock market!

What’s a Bear Market?

A bear market occurs when stock prices drop by at least 20%. So as you may expect, during a bear market, investors are basically in defense mode. On one front, consumer confidence is compromised, leading to a “safe” feeling to sell, while some turn optimistic and always on the lookout for that golden opportunity to buy low and eventually sell high to make a nice profit.

Given the unbelievable complexities of our global economy, which finds ways to both, directly and indirectly, affect the stock market, there’s no one true cause for a bear market. However, more times than not, bear markets are enacted due to a lull in the economy – sometimes driven by an uptick in unemployment. This often causes people to sell (rather than buy), thus, leading to a decline in stock prices. For many, it usually comes down to predicting the shift between the two markets to find that “sweet spot” of a stock price. Easier said than done!

Bottom line: bear markets are a sellers’ market.

What You Need to Know

Fluctuating markets can give investors some insight on what the next move to be, but nothing is for certain. If there’s one thing seasoned investors have learned over the years, it’s not to blindly listen to what the “gurus” are telling you. After all, most of them want to be the pens investing your money and taking a cut anyway!

So when investing your hard-earned money, get a feel for industry trends, thoroughly read charts, make calculated risks and only invest what you’re willing to lose. Oh, and one more word of advice? Enjoy what you’re doing, have fun with it! And know there are other https://www.newyorklife.com/.

The post Difference Between A Bull and Bear Market appeared first on Newton Search.

Fortunately, there’s a good chance that you can rank among the long-standing companies when you’re adequately prepared to overcome the financial difficulties in business at all times. However, before we move on to discuss how you can do it, it’s essential to review some of the basic problems that lead organizations to deal with financial issues in the first place.

6 Factors That Lead Businesses to Encounter Financial Challenges

1. Inconsistent Cash Flow – Most companies don’t have the proper know-how to manage their cash flow adequately. These shortcomings include balancing accounts receivable and accounts payable to maximize the cash-to-cash conversion cycle.
2. Insufficient Capital – Insufficient capital is mostly due to a lack of a secure budget plan. However, no matter the cause, this factor alone compels more than half of the businesses to shut down before they get to start operating properly.
3. Debt Accumulation – With inconsistent cash flow and insufficient capital, there’s very little chance a company can avoid going into major debts that might greatly impact the organization in the long run. Often times when in order to cover overhead such as payroll and rent, business owners will take on a lot of debt in the form of credit cards or small business loans.
4. Debt Accumulation – Not to mention, you can’t make money without a steady, if not a growing, customer base. Lack of effort in boosting your marketing tactics is a big cause of a lack of a customer base. Many times, not enough market research has gone into determining where your proper customer base is.
5. Debt Accumulation – Not to mention, you can’t make money without a steady, if not a growing, customer base. Lack of effort in boosting your marketing tactics is a big cause of a lack of a customer base. Many times, not enough market research has gone into determining where your proper customer base is.
6. Unforeseen Expenses – Lastly, understating or completely neglecting the unforeseen expenses when creating a company budget is one of the leading reasons businesses run off-track and shut down. While payroll and facility expenses seem pretty straightforward, unexpected repairs to equipment, professional services such as attorneys and accountants can throw your budget off track.

8 Steps for Overcoming the Financial Difficulties in Business

1. Identify the Underlying Problems – To overcome the financial difficulties that come with running a business, you must identify your problem areas first. The six points we discussed previously will help you establish precisely what needs to be targeted to get back in control and on track.
2. Restructure Your Business and Budget Plans – Once you detect the weakest link leading to reduced profits, you can begin restructuring your business plan accordingly. This task is usually delegated to the senior project managers who can eliminate the business vulnerability by focusing on the company’s strengths. The business plan needs to be structured department-wise so that each team can focus on improving the targeted area using their particular expertise while utilizing the dedicated budget proficiently.
3. Check Inflows and Construct Business Expenses Effectively – There’s no funding, capitalization, or insurance without consistent incoming cash flow. That’s why it is necessary to check your inflows and establish whether you’ve been accumulating unnoticed debts or stocking your inventory unnecessarily. Once you’re monitoring your inflows diligently, you can construct your expenses without creating havoc. Furthermore, you should never be scrambling for funds at the end of every other month. Instead, all your dues and payments should be scheduled and planned, which gives you the time to negotiate better deals with suppliers or find new ones. Moreover, it’s crucial to factor in the unforeseen expenses when creating your company budgets, so nothing gets you off-track.
4. Sell Unnecessary Assets – If your business’s financial situation worsens with time, you must consider selling your unnecessary assets to gain back some of the lost control. You might be surprised how many immediate expenses can be covered using the money you get by selling assets your company has stopped using, to begin with.
5. Boost Your Marketing Tactics – The main initiative of any business is to make hefty profits, and you can’t do that without a rising customer base. If you want to encourage your potential clients to buy your products or patronize your services, you have to come up with revenue-boosting marketing strategies. While this step might require you to spend money for advertising your business, the sales you’ll get due to this will be more than compensating.
6. Look for Investors – Finding professional investors who are willing to finance your business helps you in more than one way. You get steady money to overcome the financial difficulties in business, in addition to upscaling your services, investing in good marketing tactics, and even using the investor’s experienced advice to turn your business around.
7. Pay Off the Biggest Debt First – Many businesses make the mistake of paying off their small debts while waiting for a miracle breakthrough to cover the major dues. In reality, you should concentrate on clearing your biggest duets first, considering that the rising interest rates you have to give back on them can effectively put you out of business when left unattended for a long time.
8. Report Everything – Lastly, it’s crucial to report all your finances regularly, so you don’t have to deal with a sudden expense without warning. Plus, it’s essential to remember that even reporting your revenues incorrectly on the tax forms can put your business in jeopardy at times since improper deductions can result in huge interest charges, fines, and jail time. Not to mention, when all your accounts payable and accounts receivable are listed in one place, you can construct your business plan much more effectively, keeping the report as your reference point.

The Final Verdict

While financial difficulties in businesses are a reality you can’t avoid, you can always make effective plans to position your company for success without incurring major losses in the process. As long as you manage to tackle the issues that keep lowering your sales and restructure your budget plan accordingly, your business will continue to grow slowly but surely.

The post How to Overcome Financial Difficulties in Business appeared first on Newton Search.

So, what can you do when you can’t seem to agree on the insurance cost? That’s where you need help from a public adjuster to settle your insurance claims!

Differences Between an Insurance Adjuster and a Public Adjuster

In simple terms, insurance adjusters work on behalf of the insurance company. While they may have a lot of information about making claims and propose decent repair costs, they don’t work directly for the homeowners.

On the other hand, public adjusters perform the same actions of assessing the damages and writing up proposals for each repair and their costs. However, they work directly for the homeowners instead of the insurance company. However, considering that you need to employ public adjusters yourself, you also need to pay for their services. Granted, it doesn’t come out of your pocket since they only charge a small percentage of what you claim ultimately from the insurance company.

Simply put, the key difference between an insurance adjuster and a public adjuster is who they are employed by to perform the given tasks of making an insurance claim. If that’s the case, then the question arises – Why would someone hire a public adjuster and provide them with a percentage of their claims for the same job insurance adjusters do for free?

To put things into further context, let’s understand why relying upon your insurance adjuster can prove to be a questionable decision for you at times.

The Negative Aspect of Depending Upon Your Insurance Adjuster

The truth is that company adjusters work for the insurance business and not the homeowners themselves. It’s also true that your insurance company might want to save some dollars during the payout process when you’ve had a big loss. While some reputable firms discourage such behavior among their employees, you can’t be sure about your situation until it’s too late for you to reclaim your insurance.

Also, because the insurance adjusters work directly for the company, they also have to consider the insurance company’s needs before making an offer to the homeowners. Ultimately, the final deal you get isn’t usually what you should have originally received from the insurance company for covering the damages adequately. This is where you might understand why depending upon the insurance adjuster might not work in your favor as conveniently as you originally thought.

5 Reasons to Hire Public Adjusters

Working with a public adjuster can give you a notable edge when you find yourself in the process of making an insurance claim. Here are five reasons to hire them that would make the overall proceeding far more worthwhile for you despite their charges:

1. Extensive Knowledge and Professional Standards – Insurance policies can be quite complex to interpret when you’re not an expert yourself. While the insurance adjusters may go over the details briefly with you during the claim process, public adjusters are much more invested in your well-being. They make sure you know your options and rights, helping you understand the insurance policy in simple terms. You can expect nothing less than perfect professionalism from them, considering that they require extensive training to become a licensed adjuster. Not to mention that they use their proficient knowledge to negotiate on your behalf instead of the insurance company.
2. Save You Money When Making a Reclaim – When you aren’t satisfied with what your insurance adjuster puts down on the table, your only options are to employ a public adjuster or open an investigation with an attorney’s help. If you choose to go with the latter option, your attorney will likely have to hire a public adjuster to scrutinize your case. Ultimately, you’ll likely end up paying fees for both professionals. By taking the initiative and hiring a public adjuster yourself, you’ll save a considerable amount of your money while getting the best deal out of it.
3. Save Time – It comes under the public adjuster’s responsibilities to manage your claim entirely on your behalf. This means you wouldn’t need to deal with anything yourself since your adjuster will be the one processing the paperwork, answering the calls and emails, and communicating with your insurance carrier. This also resolves your claim much faster compared to when you’re handling the matters yourself.
4. Reveal the Missing Parts of the Claim – When making a big claim, like in the case of home fires or extensive flood damage, there can be many things that need fixing, which you can’t usually see on the surface. While an insurance adjuster might ignore those aspects when proposing a cost for the encountered damages, a reputable public adjuster will always add those repair jobs to the proposal for you. Because of their experience and determination to locate every possible damage, you can stop worrying whether the insurance money you’ll receive will be enough to cover the hidden repairs.
5. Strive for Highest Possible Settlements – Lastly, public adjusters make it their mission to land larger settlement claims for the homeowners. As bigger settlements also profit them ultimately, you can expect them to work the best on your case without you having to interfere or check up on them time and again.

Public adjusters are professionals who you can hire at any time during the claim process, just as long as you haven’t signed the final release. Since they are dedicated experts in the field, you can expect your insurance claim process to be completed in a professional and timely manner.

The post Reasons to Hire Public Adjusters for Insurance Claims appeared first on Newton Search.

Directing our thoughts and interests to our own lives, is a relatively new trend. However, a couple generations back we had to depend on our neighbors for assistance. Neighbors and neighborhoods were built by folks from a similar background, immigrants who banded together to come to the New World and pursue the American Dream. Our children played together, grew up together, sometimes married each other, and families congregated together, if not in the same building, then often on the same street. In short, everyone knew everyone else and many were actually related to everyone else!

Time and circumstances have changed. One hundred years ago folks pretty much lived their entire lives in one place. Today the average person lives at five different addresses in their lifetime, and for many of us, leaving home after high school or college is a rite of passage. Air travel and employment can take the adventurous to foreign locales. Even for those of us who live in the same house for decades, we cannot name more than four or five families on our block, if that. With this new paradigm of seclusion and privacy comes the jarring possibility that we do not know our neighbors. This can prove detrimental, as you’ll soon see.

See Something? What to Do Before You Say Something

How many of us have turned on the news and seen stories about criminal activities in a residential neighborhood? Usually these broadcasts include interviews with neighbors who profess to have no knowledge of the sinister activities going on virtually under their noses. In fact, most declare that the neighbors in question kept to themselves, or were very polite, or betrayed none of what anyone would expect someone capable of a capital offense to resemble. Still others observed and wondered about the goings on next door, but were afraid to come forward and contact the authorities because they feared reprisal. If you are remotely curious about your neighbors, or want to know if there is something they might be hiding, first try Googling their name. If nothing of interest comes up, dig deeper. Visit kiwisearches.com. This site provides more in-depth information about an individual including previous addresses, family members, their phone number, possible criminal history, information about their finances, the properties they own, and more.

On a more minor note, keeping to one’s self or being the different family in an established neighborhood also draws its share of unwanted, and unwarranted interest. On my block, our neighbor Skip provides landscaping and snowplowing services with his son-in-law, Daniel, who, you guessed it, lives directly across the street from him. Skip lives in the house he grew up in and knows just about everyone in town- it is that kind of place. It is Skip who acts as the neighborhood goodwill ambassador sharing information about neighbors at one address with those at another, sometimes with surprising results. More than once I’ve responded to a knock at my door and found neighbors looking to hire an attorney, which I am not. Or found a young couple inspecting my front steps and asking if I would consider selling my house. Another time a family came and serenaded me from outside because Skip said I’d been in the hospital and could use some good cheer.
How to Build Goodwill in Your Neighborhood

He doesn’t always get his facts straight, but keeping everyone’s welfare and wellbeing in mind, well, that’s Skip and that’s what a good neighbor does. If you do not know your neighbors and do not have the good fortune to have a local Skip, try to get to know them. Bring over a potluck …leave a generic gift on their porch. Buy Girl Scout Cookies or gift wrap from their children, even if you’ve already bought yours at the office. Once you know a few families on your block, consider throwing a block party, or a neighborhood swap meet, or even a multi-address yard sale. Go caroling together- don’t laugh, we do! Make a big display at Halloween and give out quality candy/candy alternatives. Don’t forget the Winter holidays! A few dollars worth of lights and a little ingenuity, yours can be the showplace of the neighborhood!

So if you live on a street where you do not know your neighbors there are several options. 1) Do nothing and enjoy life as it is. 2) Snoop a little and look them up on Kiwisearch.com. Then, if all seems well, get to know at least the people whose property flanks yours (I found my plumber that way!). Even if it doesn’t go past the introduction stage, you’ll know you did the right thing, and, who knows, maybe you’ll make a new ally!

The post Won’t You Be My Neighbor? What do you really know about the people next door? appeared first on Newton Search.

In school, we’ve all learned about the Great Depression of the 1930s. Many may not realize that the economic downturn of 2008 was even more impactful in terms of job losses. Nationwide, however, the revitalization began immediately but this time, unlike previous fluctuations, job growth radiated from the exurban regions, not the major cities as was the historical precedent.
Recession of 2008’s Impact

There are many reasons for this. To begin, the world of the 1930s is non-existent today. Commuter systems including rail lines, interstates, have all vastly improved in the past 85 years. More adults are in the workforce, including women, and most at highly-skilled and/or professional levels. With two breadwinners in a family, home ownership, multiple cars, and an improved quality of life quickly became the norm.

Soon it was no longer necessary to live and work in Chicago, New York or Los Angeles, to find and hold down a well-paying job. Many businesses moved their headquarters to the more affordable suburbs as the local workforce and commuter lines provided access to quality personnel within close proximity. Over time, technology played an additional role in lowering the cost of doing business by offering some workers the option of working from home, at least part-time. Today, at a growing number of businesses and industries, all home-based workers require is a tablet, a chair, a desk, and internet connectivity.
Lifestyle Changes

Previously, high-powered executives were married to their corporations. Eighty and 100-hour work weeks were standard. Many did not have time to spend with their families. The sacrifice most fathers made was to be either an excellent provider or to be a blue collar family man. For one, their salary afforded a luxurious lifestyle, for the other, a life where job status and a paycheck were secondary to time spent with relatives and friends. As with most paradigms, it is not one occurence that creates a tipping point, but a series leading up to that event.

Among the factors that have contributed to the ex-urban exodus we are seeing today is the resurgence of the stay-at-home mom (or dad). Beginning in the 1970s, more well-educated women began to enter the workforce at the professional levels. Now the head-of-household responsibilities were shared. Avoiding latch key kid syndrome spawned new business and employment sectors. While two major salaries allowed certain privileges, they also changed certain family protocols and created service industry opportunities in child care and after school activities.

Today’s workplaces are far less formal than ever before. In fact, many businesses tout themselves as being ‘family oriented’. Some allow staffers to work/collaborate remotely, either part or full-time and business-casual dress on Fridays has become the normal policy. In business, today’s rising stars want it all: family, nice home, and a comfortable lifestyle. In major cities with an exceptionally high cost of living, where else but outside a major urban area is this possible?
Soaring Suburban Property Values

Some of the regions that have experienced the most exponential growth over the past decades have been the greater San Jose area, and the so-called “Tech Triangle” that incorporates Raleigh, Durham, and Winston-Salem in North Carolina. Here, and in similar regions throughout the U.S., property values have soared over the last ten years. These factors have provided a welcome boost to the sagging real estate market as well as the national economy.

Hot real estate markets notwithstanding, perhaps the greatest reason driving the nationwide economic uptick is the need for more affordable ways to live, work, and to ‘do business’. Exurban areas tick all the boxes, providing lifestyle, increased family time and employment options, and is clearly behind the slow but steady return to the nation’s economic well-being.

The post Economic Growth Suburban and Rural Areas Are Recovering Faster Than Cities appeared first on Newton Search.

Since electronic funds transfer was introduced in the 1980s, the technology of money transfer has evolved considerably. Today digital money is the currency that exists only in electronic form, not as coin or paper money. Unlike traditional forms of currency, digital money can be restricted to use by members of a social network, or online gamers for a particular game. Unlike money issued by a governing body, virtual money is unregulated and may be issued and controlled by whoever develops it. It may also be distributed for exclusive use by members of a closed community and not the general public.

As an overview, let’s define the major terms before launching into our assessment. Virtual currency is not to be confused with digital money. A digital money supply is bank money and is ‘stored’ on computers. Virtual money users rely on a system of trust on the part of its developers. It is solely traded electronically. Both FinCEN, a branch of the U.S. Treasury and the European Banking Authority define this currency as “not necessarily attached to a fiat currency, but is accepted by…persons as a means of payment and can be transferred, stored, or traded electronically.”

Now let’s define Bitcoin. Developed in 2009, bitcoin is virtual money, however, it can be used to purchase anything from hotel bookings to kitchen appliances. Bitcoin’s origins are murky, as its inventor, using an alias, is completely unknown. Bitcoin transactions bypass financial institutions altogether. The term joined the popular lexicon in 2017 because of social media hype that it is possible to become wealthy by trading it. It has gained popularity because Bitcoin is open-source, its design is completely public. That means that no one actually owns or controls Bitcoin and participation is open to everyone. The currency enables peer-to-peer transactions, borderless payments, and offers fraud protection. Its unique properties facilitate uses that traditional, regulated payment systems cannot match. Both businesses and individuals can utilize Bitcoin as follows:

Individuals:

• Easier Mobile Payments: Lets users pay with a simple Two-Step scan and pay. All that is required to receive payments by Bitcoin is to display the QR code in your Bitcoin wallet app and have your mobile scanned by another mobile, or using radio technology, touch the two phones together.
• Financial Security and Control: Bitcoin transactions are secured by military grade cryptography. Only you can make charges or payments. There are security steps to take, however, these provide the necessary safeguards and financial protection against most types of fraud.
• Universal Compatibility: As long as everyone uses the same open technology, there are no limits to using Bitcoin within a member network.
• No Bank Fees, No Wait Time, No Borders: International funds transfers are immediate, no waiting periods as with banks. Nor are their limits on the amount of Bitcoin that can be transferred. While we’re at it, you can choose your own fees to pay when spending. There is no fee to receive Bitcoin.
• Identity Protection: There are no credit card numbers to hack, and payments can be sent without revealing your identity. There are privacy protections that must be set up prior, however.

Ecommerce

• Secure and Inexpensive Payments: As for individuals, there is no fee to receive Bitcoin, and merchants can set their own fee schedule so it costs the same to send one bitcoin or several hundred thousand.
• Advanced Fraud Protection: Since Bitcoin payments are irreversible and secure, their usage eliminates chargeback fraud. This also means the cost of fraud is not charged to merchants.
• Fast International Payments: As for individuals, international funds transfers are immediate, with no bank-imposed waiting periods. As for individuals, there are no limits on the amount of Bitcoin that can be transferred.
• No Processing Compliance: Accepting credit card transactions usually means being scrutinized to obtain compliance. While payment requests must be secured, merchants do not carry the cost of processing sensitive credit card information.
• Extend Your Brand’s Reach: Since Bitcoin’s acceptance is relatively new, there are many users in search of ways to spend their Bitcoins. Accepting this form of virtual currency will give businesses new visibility and attract new prospects and customers. This is great for smaller to mid-sized businesses as they can more easily compete with big box stores for market share, whether they sell services like data storage, video conferencing or online games.
• Requires Multi-Signatures: Transactions must be authorized by a group of persons, such as board members. This also allows the distributors to track which members allowed certain payments.
• Transparent Accounting: Balances and transactions afford complete transparency. This is ideal for Non-Profits and groups seeking grants, for example, as the public/investors can easily see the number of donations received.

On a personal note, back in the 1980s when electronic funds transfer within proprietary and later shared networks was introduced, the public was slow to respond. After all, for centuries, people had held on to their money in tangible form. And when they deposited it in banks, they could ‘visit’ it whenever the institution was open, also to withdraw funds as necessary. It took some convincing, but chiefly, once concerns over security (encryption) were addressed, the process gained acceptance. Convenience triumphed over fear. Today, just about all transactions are performed electronically. In future, we predict, through cryptocurrency, that is virtual money, and high levels of online security, that virtually all financial transactions, will be virtual.

Next time, we’ll discuss how some Bitcoin investors have leveraged financial gains through this new technology.

The post What To Know About Bitcoin, Blockchain and Cryptocurrency appeared first on Newton Search.

What is Bitcoin?

Bitcoin, or BTC as it is also known, is not owned by any specific entity. In fact, it is virtual, it’s not minted into metal nor printed on paper. While United States currency is controlled by our government via the U.S. Mint, BTC is not. That means it may be issued by anyone and is not owned by a specific bank, company, or nation. Also unlike traditional financial institutions, BTC’s transaction fees are minimal. Yet another feature of bitcoin is that it is anonymous; none of the issuer’s or owner’s personal or financial data is associated with bitcoin currency. There are many claims that unlike traditional currency, that BTC is fully transparent and completely safe. More and more websites are accepting bitcoin for purchases, while others, such as Reddit, no longer support it. This may be a case of being too ahead of the curve, but the future for wide-spread, if not global bitcoin acceptance appears promising.

Acquiring and Trading Bitcoin

Before you start, arm yourself with information. Go online and read everything you can regarding bitcoin. If you know someone who has traded cryptocurrency, ask them about their experience, for example, what did they wish they knew before they invested? What would they do differently today, and most important, are they still trading today? Once you understand both the process and what can go wrong, you’ll be better prepared to start investing.

Bitcoin is traded by bitcoin exchangers, the issuers we talked about earlier. How does one go about locating bitcoin exchangers so they can trade their currency for bitcoin? Via the internet, of course! Here are the steps to follow to buy and to sell BTC:

1. Go online and search for ‘bitcoin exchange’.
2. Trade your local currency, i.e. dollars, or Euros, for bitcoins.
3. Deposit your bitcoins into a secure bitcoin wallet.

Where Can I Buy Bitcoin?

Bitcoin is available through several sources:

1. Buy BTC online with a credit card, debit card, or bank transfer (watch out for high fees, also this is not private or transparent).
2. There are also Bitcoin ATMs in major cities with more on the way.
3. Buy bitcoin locally with cash or via cash deposit (recommended).
4. Convert PayPal to Bitcoin online (again, watch out for high fees)

How Do I Know When to Buy?

Online tools such as Bitcoin Wisdom or Cryptowatch are the Dow Jones of cryptocurrency. Their charts analyze BTC trading sites and allow investors to view bitcoin’s price history across its exchanges worldwide.

How Do I Know When to Sell?

If you have dabbled in stock and/or bonds, you know when a commodity is trending upwards and downwards. You will know the amount of risk you can take, and when it is time to fold. For those new to investing, bitcoin is an easy way to ‘get your feet wet’ so long as you do not bet the rent money. Where to sell? Most exchanges that sell BTC also allow its sale, usually for a reasonable fee per transaction.

Caveats and Best Wishes

Now comes the fine print. Some bitcoin exchanges are nothing more than scammers out to steal your personal information. We recommend avoiding those that make extravagant promises and allow traders to pay with their credit or ATM card. Instead, use cash or cash vouchers whenever possible.

As with most trends, those who ‘get in on the ground floor’ are most likely to succeed before the market becomes saturated and, likely, highly regulated. As with any ‘for profit’ endeavor, for newbies, trading cryptocurrency can be highly risky. Remember, bitcoin trading is in its infancy, and therefore experimental. One needs to buy low and to sell high. Exercise due diligence and watch your account to fluctuations that trend downward. Decide at that point to cut your losses, or to ride it out until you can afford that fast car, yacht or vacation home of dreams. Even if you passionately believe in bitcoin’s validity, just like investing in the stock market, one can get burned.

A recent example: during the fourth quarter of 2013, bitcoin’s All Time High (ATH) was over $1,000. By the first quarter of 2015, it had steadily fallen over the course of one year by almost 90%. Bitcoin has since rallied, yet as with the Great Depression in the 1930s, if the bubble burst once, it can happen again. Another caveat: as with the stock market do not gamble with money that you cannot afford to lose. Making money online via bitcoin is risky. For many, however, this has proven to be a risk well worth taking. Be your own judge and best wishes for profitable BTC trades!

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