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Tuesday, January 16, 2018

LET YOUR MONEY WORK FOR YOU! Does investing money violate Biblical principles?

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                                LET YOUR MONEY WORK FOR YOU!                             
                               Does investing money violate Biblical principles?
 


In the Bible, II Thessalonians 3:10 it is taught that only the person who work have the right to eat.

 Some people automatically think then that investing in Bitcoin,
Gold and Silver, Mutual Funds, Stockmarket, Lending, and even owning a business is evil because after all, the boss and investor doesn't work yet they get paid.

This is an erroneous belief and misunderstanding of the Bible.

You see, there are two types of work:

WORK HARD and WORK SMART.

The employees and self employed are using the work hard principle. They trade their time and expertise for money. To them No Work is equals to No Pay. It is a never ending cycle for them of work->get paid->spend->work.

Since they are limited by the amount of time they can give in exchange for money, they barely earn anything and must constantly work or else the money stops flowing.

Investors and Business Owners on the other hand are Working Smart. They use the power of leverage to multiply their time and effort through other people or they make money work for them.

They do the hardwork in the beginning and enjoy the fruits of their labor many times over later even after they stop working. Because they are not limited by the hours they can give, they earn unlimited income. To them, no work is equals to yes pay. They can be vacationing around the globe and yet get paid.

 When you become an investor or business owner, there is still
work involved. For investors, work is done at the beginning when they use their mind to look for and examine good investment opportunities. That is work! They don't just throw their money away, they use their mind to make sure that each investment will be profitable.

 For business owners, they work really hard in the beginning as
self employed to get their business started. They manage it well and employ the right people. All that is hard work. But then later, due to their initial hardwork, their business becomes big and because of that, they can afford to step away even for a year and still earn lots and lots of money.

 So there is the answer. Investing and become a business owner is
not against Biblical principles.

 So learn to leverage your time and efforts. Learn to become an
investor or a business owner. Remember, If you don't learn to earn even while you sleep, you will work until you die.

I do not believe that we are born on this earth just to work, pay bills and die. Do you?

Readers References:
https://charleslaures.blogspot.com/


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Sunday, November 19, 2017

Naysayers on Bitcoin Setback and Begone, Bitcoin BTC breaks all time record and climb to $8,100



Naysayers on Bitcoin Setback and Begone, Bitcoin BTC breaks all time record and climb to $8,100 

Bitcoin broke through the $8,000 price mark this morning, reaching an all-time high of $8,100, thumbing its nose at the growing chorus of doomsayers reacting to the financial industry’s rising interest in the cryptocurrency. The price in the afternoon had dipped below the $8,000 mark, but the past week’s trend has been positive.


 Shortly after noon, bitcoin’s price stood at $8,067.09 according to coinmarketcap.com, having posted a $133.956 million market capitalization and a 4.24% gain in a 24-hour period.

Volatility Continues
The recent surge follows a near 29% plunge from the previous high of $7,562.47 on Nov. 5 to $5,650 on Nov. 12. This past week’s rally followed a $38 billion loss in market capitalization after the SegWit2x was canceled on Nov. 8. The recent volatility has been credited to the cancellation of SegWit2x, which caused some investors to move their holdings to altcoins, one sign being the near doubling in price of Bitcoin Cash.


After starting the past week below the $6,000 mark on Nov. 13 at $5,937.82, the price rose and approached the $8,000 mark on Nov. 16, at which point it ebbed and flowed until today, Nov. 19 when it finally topped the $8,000 mark.
Bitcoin’s market share of the total cryptocurrency market today was 56.07%, followed by Ethereum at 14.51%. Bitcoin’s dominance was actually higher on Nov. 4 when its price was $7,291.92 and it held 61.58% to Ethereum’s 14.04%. Bitcoin’s highest market share was back on Aug. 10 when its price was $3,26.50 – it held 93.4% of the total market.
Institutional Interest Rises
Bitcoin’s entry into the mainstream financial markets is believed to be driving its ongoing gains. CME Group’s announcement to launch bitcoin future contracts has attracted interest from the financial community, signaling an institutional capital influx.
As a result of the institutional interest, Coinbase announced plans to offer a cryptocurrency custodial service targeted at institutional investors with more than $10 million in crypto assets.
Wall Street investors have also bestowed favor on publicly traded companies that expand into bitcoin. Square, a payment processor, got a price bump after inviting some users to test its Square Cash app to buy and sell bitcoin.
In addition, the completion of the first off-chain “atomic swap” has also driven confidence in cryptocurrency. Lightning Labs traded testnet bitcoin for testnet Litecoin without leaving any trace on either currency’s blockchain.
SegWit2x Impact
While the cancellation of SegWit2x pulled bitcoin’s price downward, some see a silver lining.
Spencer Bogart, head of research at Blockchain Capital, told Bloomberg Quint that despite the fact that the fork was called off, there are those that will follow through with the intended fork. As a result, some capital is rotating out of other crypto-assets and into bitcoin to ensure they receive coins on both sides of the fork.

Also read: 3 reasons why the bitcoin price hit $8,000 today

Naysayers Reflect Rising Interest
The continuing bitcoin surge is noteworthy in light of the fact that it comes despite warnings from several financial experts that bitcoin is a bubble destined to implode. The fact that more financial observers are paying attention to bitcoin reflects the financial community’s rising interest.
Katsunori Sago, the chief investment officer at Japan Post Bank, recently said bitcoin’s fair value should be around $100.
James Gorman, chairman and CEO of Morgan Stanley, claimed that bitcoin doesn’t deserve the attention it is getting.

Earlier this month, Societe Generale deputy CEO Severin Cabannes said bitcoin is clearly in a bubble, while Credit Suisse CEO Tidjane Thiam stated bitcoin is “the very definition of a bubble.”

 US National Treasurer Secretary Mnuchin gave his comments that Bitcoin is prone to be used by Terrorism and Criminals and Must be regulated.

 KSA Billionaire Prince Talal gave his comments that Bitcoin has no value and must be regulated
Legendary investor Warren Buffet said there’s a “real bubble in that sort of thing.” The most infamous quote of all is left to JP Morgan Chase CEO Jamie Dimon, who said bitcoin is a fraud.
Meanwhile, the price surge continues.
Reference:

1.) https://www.cryptocoinsnews.com/bitcoin-breaks-8000-on-investor-confidence-despite-setbacks-and-naysayers/

2.) https://invest2makewealth.blogspot.com/2017/11/why-bitcoin-drops-from-7200-to-6200.html

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