Bitcoin Thrives Against All Odds

Since it’s currently en vogue right now, I’d like to announce that I’m launching my own cryptocurrency next week.

Let’s call it “kingcoin.”

Nah, that’s too self-serving.

How about “muttcoin”? I’ve always had a soft spot for mixed breeds.

Yeah, that’s perfect – everybody loves dogs.

This is going to be the biggest thing since fidget spinners.

Congrats! Everyone reading this is going to receive one muttcoin when my new coin launches next week.

I’m going to evenly distribute 1 million muttcoins. Feel free to spend them wherever you like (or wherever anyone will accept them!).

What’s that? The cashier at Target said they wouldn’t accept our muttcoin?

Tell those doubters that muttcoin has scarcity value – there will only ever be 1 million muttcoins in existence. On top of that, it’s backed by the full faith and credit of my desktop computer’s 8 GB of RAM.

Also, remind them that a decade ago, a bitcoin couldn’t even buy you a pack of chewing gum. Now one bitcoin can buy a lifetime supply.

And, like bitcoin, you can store muttcoin safely offline away from hackers and thieves.

It’s basically an exact replica of bitcoin’s properties. Muttcoin has a decentralized ledger with impossible-to-crack cryptography, and all transactions are immutable.

Still not convinced our muttcoins will be worth billions in the future?

Well, it’s understandable. The fact is, launching a new cryptocurrency is much harder than it appears, if not downright impossible.

That’s why I believe bitcoin has reached these heights against all odds. And because of its unique user network, it will continue to do so.

Sure, there have been setbacks. But each of these setbacks has eventually resulted in higher prices. The recent 60% plunge will be no different.

The Miracle of Bitcoin

Bitcoin’s success rests in its ability to create a global network of users who are either willing to transact with it now or store it for later. Future prices will be determined by the pace that the network grows.

Even in the face of wild price swings, bitcoin adoption continues to grow at an exponential rate. There are now 23 million wallets open globally, chasing 21 million bitcoins. In a few years, the number of wallets can rise to include the 5 billion people on the planet connected to the internet.

Sometimes the new crypto converts’ motivation was speculative; other times they were seeking a store of value away from their own domestic currency. In the last year, new applications such as Coinbase have made it even easier to onboard new users.

If you haven’t noticed, when people buy bitcoin, they talk about it. We all have that friend who bought bitcoin and then wouldn’t shut up about it. Yes, I’m guilty of this – and I’m sure quite a few readers are too.

Perhaps subconsciously, holders become crypto-evangelists since convincing others to buy serves their own self-interest of increasing the value of their holdings.

Bitcoin evangelizing – spreading the good word – is what miraculously led to a price ascent from $0.001 to a recent price of $10,000.

Who could have imagined that its pseudonymous creator, fed up with the global banking oligopoly, launched an intangible digital resource that rivaled the value of the world’s largest currencies in less than a decade?

No religion, political movement or technology has ever witnessed these growth rates. Then again, humanity has never been as connected.

The Idea of Money

Bitcoin started as an idea. To be clear, all money – whether it’s shell money used by primitive islanders, a bar of gold or a U.S. dollar – started as an idea. It’s the idea that a network of users value it equally and would be willing to part with something of equal value for your form of money.

Money has no intrinsic value; its value is purely extrinsic – only what others think it’s worth.

Take a look at the dollar in your pocket – it’s just a fancy piece of paper with a one-eyed pyramid, a stipple portrait and signatures of important people.

In order to be useful, society must view it as a unit of account, and merchants must be willing to accept it as payment for goods and services.

Bitcoin has demonstrated an uncanny ability to reach and connect a network of millions of users.

One bitcoin is only worth what the next person is willing pay for it. But if the network continues to expand at an exponential rate, the limited supply argues that prices can only move in one direction… higher.

The Bottom Line

Bitcoin’s nine-year ascent has been marked with enormous bouts of volatility. Therewas an 85% correction in January 2015, and a few others over 60%, including a colossal 93% drawdown in 2011.

Through each of these corrections, however, the network (as measured by number of wallets) continued to expand at a rapid pace. As some speculators saw their value decimated, new investors on the margin saw value and became buyers.

Top Ten Secrets to Saving Big Money in the Airline Flights

Do you know that some people travel around the country and abroad, for both business and pleasure, and save bundles of money in the process?

They do that by using little known ways of really taking advantage of the most popular form of transportation – airline flights.

They don’t rely on the ever-famous “airfare price-wars”. They don’t rely on their travel agents to save money while flying.

Certainly, you should not dismiss these two methods. The price-wars can work to your advantage. But depending on them too much is a big mistake.

1. Call the airlines.

Call the airlines between midnight and 1 a.m. Monday through Friday to get cheaper tickets.

Most people never realize that at midnight, airline agents revise and load new fares into their computers. The best fares are just after they have done the updating!

2. Check into other airports other than the main one you use.

Many major cities have two airports. Check into surrounding towns and cities so you can compare airfares. You may save hundreds of dollars on your flights.

3. The early bird catches the plane.

The earlier you book your flight the more you save. Most special fares have restrictions of 7 to 30 day advance purchase. Usually non-refundable but they can offer deep discounts.

On the other hand, there are “last minute” deals too. Visit smartliving.com to get emails for last minute deals.

4. Get out of town on Wednesday.

Mid-week travel is usually less expensive. If you leave on Tuesday, Wednesday or Thursday and stay over a Saturday night, you can garner terrific savings compared to Friday through Monday when most people fly.

Start taking your vacations Wednesday-to-Wednesday or Tuesday-to-Tuesday. You’ll save a lot by choosing your departure and arrival dates this way!

5. Buying a one way or split ticket.

Let’s say you travel from Boston to Dallas. It may be cheaper to get two separate tickets. You could buy one ticket from Boston to Nashville and one from Nashville to Dallas.

It all depends on the connecting cities and your airlines hubs. Just tell your agent you are willing to travel out of other airports and connect using regional airports to save money.

6. Open wide.

You should look into what is called an “Open-Jaw” ticket. These are used when a traveler is arriving and departing from different cities.

One ticket is purchased to cover both cities. Check with your travel agent or airline representative to see if this trick is available instead of two one-way tickets. Compare the price of each.

7. An excellent online service http://www.sidestep.com

You enter destinations and dates and SideStep quickly searches a couple of dozen affiliated regional and international airlines to find the best rates.

8. “Code share”.

Ask your agent if this flight is a “code-share” flight. That means the same flight is offered by two different airlines. Just copy down the name of the other airline and check into what they are charging.

Only one of the airlines is actually operating the flight. The actual operator always offers this flight for less, so book with them.

9. Sign up for the airline newsletters.

From weekend getaways to international flight packages the newsletter saves you money on travel and doesn’t require that you constantly visit the airline website for the latest offering.

10. The airlines often slash their fares during sluggish travel times.

Scan your travel sections in the newspapers and talk to your agent about these low fares.

Commercial Construction Costs – The Importance Of Planning

When designing, planning as well as constructing a commercial property the costs involved are of paramount importance. Unfortunately this is even more true today than it was 10 years ago for the simple fact prices of materials etc., are continually increasing. However a great way of ensuring that the costs are kept to a minimum during any project is through using a commercial construction costs management service.

This is an establishment which is able to realistically look at the capital costs for any commercial construction project. They not only look closely at the planning costs but also cost control services. Plus this service will also ensure that the bids provided on the construction project are documented as well as being completed within the pre-arranged framework of costs and time. They will also look at finding the most economical ways of ensuring that the project does not run over budget.

Each construction project should employ an independent and professional cost manager or quantity surveyor who can police as well as have a clear overview of everything that is going on in order to protect the financial interests of the person who is having the construction project done. Generally these people will use their engineering judgment and experience which they then apply to scientific principles and techniques to allow them to analyze and develop the best action that should be taken in order to provide a good estimation of the costs involved as well as being able to control the commercial construction costs once the project starts on site.

By using a good set of cost management principles the cost manager or quantity surveyor will ensure that the construction project stays within the budget limits and still meets performance and quality targets.