Is it too late to buy Bitcoin?

OOOh, that’s a question. And one I’m asked more and more these days. I always answer it WITH a question (not that if affects my ultimate answer), and always the same one:

“What is it you want to buy it for?”

The answers vary and are sometimes quite vague, because the people who ask this are usually those who are still sitting outside of the cryptocurrency sphere that many of us have now got so used to. They’re basically intrigued, interested and want to get involved in some way. I remember being there myself only a few short years ago and a simple answer would have been great, but the trouble is, I couldn’t find one. There seemed to be as many doomsayers as there were evangelists and none of it made sense. I’m not entirely sure it that’s different today from an outsider’s point of view. Continue reading “Is it too late to buy Bitcoin?”

Well hello, Wirex.

I’ve been an investor, miner and advocate for all forms of cryptocurrency for some time now, but only a small percentage of my transactions have been around actual use, as opposed to investment or transfers. It occurred to me that if I am to fulfill my self-proclaimed role of cryptocurrency evangelist, I’ve got to up my game in terms of spend and adoption.

Those of you who follow my blog already know that I have taken Bitcoin directly as a retailer using Bitpay, but I always found it cumbersome and clunky at point of sale. Now, as a consumer, finding places that take it directly Continue reading “Well hello, Wirex.”

Crypto 2018 = Mobile Phones 1991

I, like many others, often liken the nascent cryptocurrency market to the early days of the internet and I do, sincerely, believe that it is both fair and real comparison, although I ultimately believe that the impact on human lives across the globe will be far greater this time round.

However, I had forgotten about another equally valid comparison until I was reminded of it whilst dealing with Gumtree on an issue to do with accepting cryptocurrencies for an ad I’d placed. In short, my ads had been taken down because I wanted to accept payment in Bitcoin or Litecoin rather than cash, Continue reading “Crypto 2018 = Mobile Phones 1991”

I am the Gumtree Cryptocurrency Felon – Part II

This is a follow up story – you might want to read the original article first here

So, just I felt that my calls to Gumtree to see reason over allowing ad posters like myself to accept cryptocurrency were falling on deaf ears, I received a response from yet another customer ‘assistant’ seeking to clarify Gumtree’s position, with the usual poor grammar and rather dodgy sentence construction:

Continue reading “I am the Gumtree Cryptocurrency Felon – Part II”

Why I don’t want Bitcoin Cash

It’s a funny thing, and something I’m often asked about: how come I have no Bitcoin Cash in my portfolio? After all, being such a proponent of Bitcoin, blockchain and cryptocurrency itself, why would I not hold any of the fourth largest coin by market capitalization? On the face of it, it doesn’t seem to make sense. That coin has decent community support (smaller than most, but very passionate and vocal), solves (or, more precisely, reduces) a host of technical and scaling problems present in the original Bitcoin (also referred to now as ‘Bitcoin Core’ usually by the ‘Bitcoin Cash’ contingent) and is poised to be one of the big players going forward, assuming they will deal with the current relative low adoption level. In point of fact, it’s the only one of the top ten I don’t own, excluding Tether which I don’t count for many reasons. It is, genuinely, a good coin, as much as I am loathe to admit it. Continue reading “Why I don’t want Bitcoin Cash”