From My Notes…

Author Unknown…

Bitcoin Price

Bitcoin is an increasingly popular cryptocurrency that utilizes blockchain technology to facilitate transactions. Basically, a user obtains a Bitcoin wallet that can be used for storing bitcoins and both sending and receiving of payments. The blockchain technology used by Bitcoin is really just a shared public ledger that is used by the entire public network. The technology used is secured through cryptography, a branch of mathematics that provides a highly secure means of facilitating and recording transactions on the network.

Bitcoin is the first cryptocurrency, a concept that was discussed in the late 90s. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list. The concept was presented by a person or group known as Satoshi Nakamoto. The real identity of Nakamoto has been a mystery since that time, with various theories on who the individual or group may be.

Bitcoin is in the very early stages of acceptance, and although it is already accepted as a means of payment by numerous merchants, it has yet to become more widely accepted and “mainstream.” This could change, however, as more and more users are attracted to cryptocurrencies for the various potential benefits they may provide. In fact, investors have been flocking to the currency in significant numbers, and some even feel that eventually Bitcoin and other cryptocurrencies could replace other traditional payment methods.

Benefits of Bitcoin

Bitcoin offers several important benefits to users. Some of the primary benefits of Bitcoin include:

  • Low cost: Bitcoin may offer a lower-cost alternative to other traditional payment methods such as bank wires, ACH or credit card payments. For individuals or companies that need to transact regularly, these cost savings can add to substantially.
  • Bitcoin is global: Using the Bitcoin network, payments can be sent or received anywhere in the world. Such payments may avoid expensive wire fees, and can also potentially eliminate the need to pay credit card foreign transaction fees.
  • Bitcoin is fast: Transactions made using the Bitcoin network are fast, and settle quickly. This can eliminate the need to wait for clearance of funds which can sometimes exceed 14 days for checks or electronic transfers.
  • Bitcoin is secure: One of the main principles behind the Bitcoin network is security. The blockchain technology is proving to be a very secure way to facilitate payments, and the decentralized nature of the network can also make t more secure.
  • Decentralization: Bitcoin is decentralized-meaning it is not run or managed by any central authority. This can not only potentially provide added network security, but it can also promote network integrity.
  • Bitcoin may react differently to inflation/deflation: Bitcoin differs significantly from fiat currencies, due to the fact that there is a limited number of bitcoins to be mined. Paper money, on the other hand, can be created at will out of thin air by central banks. Due to its limited supply, Bitcoin may potentially hold its value better than paper money, which can technically have an unlimited supply.

Bitcoin has become more widely traded as of 2017, and both short term traders and long-term investors are looking to participate in this exciting market. The price of bitcoin fluctuates on a daily basis, and can see some significant price volatility. Prices can be affected by numerous influences. Some of the possible drivers of price include: further acceptance, more exchanges opening, regulations, weakening paper currency values, inflation and more.

Charts can be a very useful tool for those looking to trade or invest in Bitcoin. Prices are available on numerous time frames, from as little as a minute to monthly or yearly charts. Short term traders may use shorter-term charts to try to profit from buying and selling of Bitcoin. Long-term investors may use charts to try to identify areas f support and resistance. When the market declines into support levels, investors may see that as a solid buying opportunity and look to buy Bitcoin on dips.

Charts can also be useful for spotting tradable technical patterns as well as potentially overbought or oversold conditions.

Bitcoin prices saw tremendous activity during 2017, rising several thousand percent over the year. The market has seen some volatility, although many of the dips seen in the cryptocurrency have thus far proven to be good buying opportunities. This trend may or may not continue, but given the outlook for Bitcoin and other cryptocurrencies, the trend could potentially remain higher for a long time to come.

While there is certainly the possibility of making short-term profits in Bitcoin, many market participants are viewing an investment in Bitcoin as a long-term play. If the cryptocurrency were to eventually become a favored form of global payment and remittance, there is no telling just how high prices could go. Some have even suggested that the price of Bitcoin could hit $50,000 in 2018 and eventually $1 million.

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Freedom Is Not Free

By Kelly Strong,
I watched the flag pass by one day.
It fluttered in the breeze.
A young Marine saluted it,
and then he stood at ease.
I looked at him in uniform
So young, so tall, so proud,
He’d stand out in any crowd.
I thought how many men like him
Had fallen through the years.
How many died on foreign soil?
How many mothers’ tears?
How many pilots’ planes shot down?
How many died at sea?
How many foxholes were soldiers’ graves?
No, freedom isn’t free.

I heard the sound of TAPS one night,
When everything was still
I listened to the bugler play
And felt a sudden chill.
I wondered just how many times
That TAPS had meant “Amen,”
When a flag had draped a coffin
Of a brother or a friend.
I thought of all the children,
Of the mothers and the wives,
Of fathers, sons and husbands
With interrupted lives.
I thought about a graveyard
At the bottom of the sea
Of unmarked graves in Arlington.
No, freedom isn’t free.

Spring/Summer Update

First I want to extend a HUGE THANK YOU!!! to all of my new followers. It seems like every day I get 2 or 3 new notifications for people who have decided to pay attention to me and my meanderings. That is VERY COOL !!!

It seems like everything is moving in slow motion ever since I got approved for my SSI. The battle to lock in a monthly check for the rest of my life was a long, hard fought battle between my attorney and me against the federal government but it ended with 1 in the win column for me.

That was over 30 days ago. I was told I could expect my settlement for the back pay owed to me within 30 days. Today I talked to the government and they informed me it would be a total of 60 days which means I might get a chance to have some spending cash for the summer MAYBE next month.

Plans are made for the purchase of a good used motor home for us to travel in while putting our LDMA membership to good use. Lost Dutchman Mining Association has multiple properties set aside for members only to prospect and mine for gold. Most of the properties have quite a bit of gold if you know how to find it.

Lots of plans that will begin when we get the money owed to me so stay tuned for more entries here on my favorite writing platform keeping track of what we are up to along with a story or two to keep it interesting.

More later…