Paa Kwesi Menz

It has been a good ride with cryptocurrencies for the past months with Bitcoin beating and taking over expectations with some huge leap in terms of price. That looks quiet insane, but does it mean you are late for the Bitcoin party? Certainly not, the price of Bitcoin now is no surprise at all. In fact I am even expecting it to be more than $25,000 before the year ends. It will be worth to note that Bitcoin started this year with a little below $1,000. What you may be wondering is why it has grown in value. That is 10 times the price it began with this year. That makes you think it is possible for Bitcoin to be $100,000 by December, 2018. Well it is possible now that it is being considered as a store of value. Let me take the time to enlighten you on why Bitcoin has grown in such magnitude. Cryptocurrencies are created with a limited supply. Unlike our cash that is printed without boundaries each and every time. Our cash is even printed to deal with weak notes in the system. T...

The topic of Cryptocurrencies has become a confusion for many and makes people wonder what at all it is, due to the rush in people trying to talk more about the money aspect of it. All many have heard about is Bitcoin. My goal is to make it as simple and easy for you to understand. After which you can get all the confidence to explore its possibilities. Bitcoin is just one of the many cryptocurrencies in the system. There are many options for you. So let us get on with it. What is a Cryptocurrency? Cryptocurrency is a secured digital representation of the money we use daily. Talk about the coins and notes we are used to depositing and withdrawing from banks. Simply its money. The money we use every day for our banking is printed by the central bank. The amount of money in circulation in the economy or country is also determined and regulated by the Central Bank. On the other side, that is the reason why you see very new notes in the system. New notes replacing old notes and fu...