One of the most common misconceptions that I hear in the bitcoin space is that “If you don’t spend your bitcoins, then it will never reach mainstream adoption”.While it’s good to use your bitcoins as a medium of exchange, the only way that mainstream adoption will ever be possible is if someone else first wants your bitcoins as a store of value.Since most people seem to use bitcoin for saving or some sort of safe haven asset, it is only a matter of time before it finds itself being used as a de facto medium of exchange in communities around the world.Bitcoin is for SaversOk, so you finally got some bitcoin.What should you do with it?You should save it for later because bitcoin is deflationary by design and deflation is for savers.In economics, deflation is a decrease in the general price of goods and services due to the rising value of a currency or monetary unit.This means that over time, deflation enables people to purchase more goods and services with the same amount of money.

So, as the price of bitcoin continues to climb, the cost of goods and services will continue to fall.Imagine how much easier it would be to save for a car or a down payment on a house when your purchasing power increases over time.This bitcoin meme has been circulating since bitcoin’s inception and it will continue to evolve as more people save their bitcoins.Most modern economists generally believe that deflation is bad for economic activity because as the value of your currency continues to rise, it typically reduces spending and increases the real value of debt.This wouldn’t be such a problem if the majority of modern societies weren’t based entirely on debt and consumption but that isn’t the case.Can you imagine how much debt you wouldn’t have if your purchasing power increased over time?You might also hear economists claim that bitcoin will never work because most people “hoard” their bitcoins.What they don’t acknowledge is that the word “hoard” is just their biased way of saying “store value” or “savings” and contrary to what you may have heard, savings is actually a very good thing for a healthy economy.

People will save their bitcoins until their needs and wants outweigh their desire to hold their bitcoins.Eventually, two or more parties who recognize bitcoin as a store of value will naturally find a way to use bitcoin as a medium of exchange and it will only grow from there.Within the next decade, Bitcoin and the crypto economy will prove to be one of the healthiest economies in the world and it’s primarily thanks to their deflationary economic model.In short, a deflationary money system incentivizes savings, discourages debt, discourages waste and over time, creates more purchasing power for the society that uses it.bitcoin book of revelationNow let’s take a look at how inflation does pretty much the exact opposite.Fiat is for DebtorsIn economics, inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.bitcoin ruby rails

Currently, the inflation rate of the US Dollar is about 3-5% annually which means that a $100 item at the store today will likely cost you $103-$105 in exactly one year.What this also means is that if you do not get at least a 3%-5% pay raise each and every year, you are working just as hard for less purchasing power.The end result is either a lower standard of living for the same amount of labor or the same standard of living for an increased amount of labor.khan academy bitcoinYou either end up with less time or less money to do the things you want.The majority of fiat money supplies are inflationary and based on money being printed out of thin air from a central bank and then lent to other large banks at interest.the armory bitcoin gunsThe money is then lent out to smaller banks (again, at interest) and then eventually the money is finally lent to people like you and me (yet again, at interest) in form of home loans, business loans, auto loans, student loans, credit cards, secured loans, unsecured loans, lines of credit and a number of other debt based financial instruments.After all of that interest bearing debt has worked its way down to people like you and me, we end up paying up to 20% interest just to get small loans for things like buying a car or investing in education.bitcoin asic miner for sale

The entire system is based on putting people into debt to the banking system and that is only if your credit score is good enough to be worthy of debt.But wait, the debt ripple effect doesn’t stop there.It keeps going by directly affecting the purchasing power of the currency that is being inflated.Back in 2007, the country of Zimbabwe was the victim of their government hyper-inflating the money supply.Month-to-month inflation rates had exceeded 50% which ends up to compound to about 12,000% annually.litecoin miner testThis means that for the people of Zimbabwe, something that cost $100 on the first of the year would cost $12,000 exactly one year later.Yes, you read that correctly.You don’t need to be an economist to see that it doesn’t make any sense to save when money loses its purchasing power that quickly.In short, inflation incentivizes debt, incentivizes consumption, discourages savings and reduces purchasing power of everyone within an economy.

It is no wonder why countries that struggle with high inflation rates, tend to find themselves in economic turmoil.Why Use Bitcoin for Saving?Bitcoin is going to continue to reach new all time highs and with each and every article that gets published, people start asking what bitcoin is and how they can get some and use it as a store of value.The primary use case of bitcoin today is as a store of value like a savings or an investment but in the not so distant future, we will see bitcoin and other cryptocurrencies like bitcoin emerge as the dominant medium of exchange in a growing number of communities around the world.Take Action.Use Bitcoin.Additional InfoHere are some other good articles and sources on hoarding, I mean…saving your bitcoins.“I’m Hoarding my Bitcoins, and No You Can’t Have Any”Do you think bitcoin is the best financial tool for saving?Let us know with a comment below or a tweet at @BitcoinReasons The crypto markets have been on a roller coaster over the past month as Bitcoin, Ether, Dash, Zcash and others have hit a number of new all time highs against the US dollar.

With each new article that gets published about blockchain, more investors are getting on board the crypto train and the price of alt coins is showing it.Let’s take a look at how I managed to generate a 69% profit in 31 days and how I could have made more if I had also been trading BTC against USDT.Case Study ParametersExchange: PoloniexCase Study Term: May 16th – May 22nd 2017 (1 Week) buy period and then hold for about 1 month.I liquidated all positions that were at least 40% profitable on June 20th 2017.Entry Strategy: Buy .01 BTC every single time I receive a buy signal.Exit Strategy: For this particular case study, my target was to realize at least a 40% gain on a position before I liquidated it.Since the price of bitcoin shot upward in the month of May, I was forced to adjust my exit strategy.I decided to hold for about 30 days from the purchase date before I sold off any positions.Total Buy Orders: In one week, I received a total of 110 buy signals and bought .01 BTC at each one for a total of 1.10 BTC invested.Gross Return: 97/110 positions were profitable.

My gross return on investment was 1.96 BTC on an initial investment of 1.10 BTC.That’s a gross return of .86 BTC / 77% in about 31 days.Costs & Overhead: I paid .1 BTC for a 60 day membership to get the buy signals.Net Profit: My gross return of .86 BTC – .1 BTC for the buy signals = a net profit of .76 Bitcoins for this study.That’s a net profit of 69.09% in 31 days!Moving ForwardAs I have taken yet another crazy ride on the roller coaster of cryptocurrency, I have learned even more about how the crypto markets work.I saw the price of bitcoin hit a few all time highs and then fall back down just days later.With each new study, I find myself learning more invaluable lessons on how to better manage the risks and costs of trading cryptocurrency.Here are a couple points that I feel are the most valuable takeaways from this study.Poloniex API + Google Sheets: The more I trade, the more clear it becomes that I need to be able to import the real-time price of each currency against my average purchase price.

I waste so much time copying and pasting current spot prices from Poloniex to my spreadsheet to see what my profit/loss is on the position.Being able to use the Poloniex API to pull relevant price data in real-time would be a HUGE step forward for my entry and exit strategies and would save me hours of precious time each month.This is a priority moving forward and I will publish a link to the spreadsheet as soon as I have a working prototype.Trading USDT against BTC: Over the past month, I have watched the price of bitcoin spike up several hundred dollars just to watch it come right back down a couple days later.Since I have only been trading the alts listed under the BTC tab on Poloniex, I have been missing out on any gains from trading the USDT against BTC.Moving forward, I will be developing and implementing a strategy to trade USDT against BTC so when the price of bitcoin dips or spikes against the US Dollar, I can capitalize on some of that volatility in addition to my regular trades.My Past Case StudiesI try to create at least 2-4 case studies each month with each study using a slightly different entry or exit strategy.

If you would like to take a closer look at some of the strategies I have used in the past, please feel free to take some time to see what I did.How I Made 35% Profit in 17 Days by Trading BitcoinHow I Made 14% Profit in 7 Days by Trading BitcoinIf you think the bitcoin community or someone you know would benefit from this article, please share it with them.What tools do you use to make the most calculated trades?Let us know with a comment below or a tweet at @BitcoinReasons It’s been a couple weeks since I published my last case study but I didn’t stop trading and keeping track of my results.I have adapted my strategy based on the data that I collected from my last case study and have found some ways to reduce the time it takes me to place my trades.This study was less profitable but I am still quite satisfied with the results since this study was only a 1 week span and I still managed to produce a profit greater than 10%.Case Study ParametersExchange: PoloniexCase Study Term: May 9th – May 15th (1 Week).Entry Strategy: Buy .01 BTC every single time I receive a buy signal.Exit Strategy: For this particular case study, I sold off any given position if it had increased at least 20% but tried to get at least 40% before I sold.

I am also holding every coin that is currently at a loss in an attempt to sell it at a later date at a profit.Total Buy Orders: I received a total of 88 buy signals and bought .01 BTC at each one for a total of .88 BTC invested.Gross Return: 67/88 positions were profitable.So far, my gross return on investment is 1.07 BTC on an initial investment of .88 BTC.That’s a gross profit of .19 BTC / 21% in 7 days.Costs & Overhead: I paid .06 BTC for a 30 day membership to get the buy signals.Net Profit: My gross profit of .19 BTC – .06 BTC for the buy signals = a net profit of .13 Bitcoins in 7 days.That’s a 14.77% profit in just 7 days and I still receive the buy signals for another 23 days.Moving ForwardIn just 7 days, I have learned even more about how the crypto markets work.Here’s a couple things that I noticed and will adapt my strategy in the future.More Powerful Spreadsheet Commands: When I first started off I only had some basic understanding of how Google Sheets work but now, just a few weeks later, I have learned quite a bit about how they can be used to reduce the amount of time I spend to make trades.

I have used the conditional formatting feature to change the color of the cells based on what my profit margins are.On my last study, I only used green and red to show me whether or not a position was profitable.Now, with the help of conditional formatting, I know my profit and loss simply by looking at the color of the cells.My next move is to figure out how the Poloniex API works so I can import live price tickers into my spreadsheet for real-time comparison to each buy signal.This will save me so much time when it comes time to sell off a position and might also help me with making some trades without the need for a buy signal.This is going to be very important in the future because one of my upcoming case studies will not be focused on trading on Poloniex.Hold Currencies vs.Taking Loss: On my last study, my exit strategy was to sell 100% of my positions at the end of the study but this time I took a different approach.I am holding every currency until it is profitable.This might take me a while but I think that most coins will come back around within about 60 days.

I can’t be sure so I will reevaluate these positions, around the 9th of June with a follow-up case study.My Past Case StudiesI plan on doing 2-4 case studies each month with each study using a slightly different strategy.If you would like to learn more about the other studies that I have conducted, please take some time to read through them below.How I Made 35% Profit in 17 Days by Trading BitcoinThanks for taking the time to read my case study.If you think the bitcoin community would benefit from this article, please share it.What tools do you use to make the most calculated trades?Let us know with a comment below or a tweet at @BitcoinReasons Over the past couple months, trading cryptocurrency has gone viral.After looking at some of the percentage gains on the biggest crypto exchanges, I decided to give trading a try.Before I really got started, I did some research to see if there are any tools for getting buy signals so I can make the most educated trades possible.I found a few tools that showed some promise so I have decided to conduct a series of case studies to see which ones are the best.

These are the results of my first one.Case Study ParametersExchange: PoloniexCase Study Term: April 19th 2017 – April 29th 2017.Liquidated (sold) 100% of holdings on May 6th.Entry Strategy: Buy .01 BTC every single time I receive a buy signal.I know this is very risky but if I am going to see if these buy alerts actually work, then I need to buy every single one.Exit Strategy: For this particular case study, I decided to hold everything until I liquidate all of my positions after April 29th.Total Buy Orders: I received a total of 97 buy signals and bought .01 BTC at each one for a total of .97 BTC invested.You can do the same thing but scale it down to .005 BTC for each buy signal so your total invested would only be .485 which is about $750 USD at today’s price.Gross Return: 82/97 positions were profitable!My gross return on investment was 1.37 BTC on an initial investment of .97 BTC.That’s a gross profit of .4 BTC / 41% in 17 days!Costs & Overhead: I paid .06 BTC for a 30 day membership to get the buy signals.Net Profit: My gross profit of .4 BTC – .06 BTC for the buy signals = a net profit of .34 Bitcoins in 17 days!

That’s a 35% profit in just 17 days!That’s an insane return on investment for such a short period of time but I think I can do better on my next study.What’s even more exciting is that the price of bitcoin rose about 20% during my study ($1,326 USD to $1,597 USD on BitFinex) so not only did I turn .97 BTC into 1.34 BTC, but .97 BTC was worth about $1,286 at the beginning of my study and 1.34 BTC is currently worth about $2,139 so my USD percentage gain is 66%!…in 17 days!Moving ForwardIn just 17 days, I learned a lot about how crypto markets work and the massive upside opportunity for gain in short periods of time however I definitely left some money on the table with a number of my trades.That being said, here are a few things that I learned from this study.A Progressive Exit Strategy: I will do some experimenting with various progressive exit strategies to see if I can catch some profits on coins that shoot up and come back down before the end of the study.One example from this study is NEOS.

I bought .01 BTC worth of NEOS on April 19th at .00076692 and sold on May 6th for 0.00075999 which is a loss of about 1% but on May 3rd there was a spike up to .001250000 which would have been a 63% gain if I had managed to sell at least some above my purchase price.On my next study, I will try to find a way to cash in on some of those sporadic price hikes with some progressive sell orders.Hold Currencies vs.Taking Loss: When I sold off all of my positions, I took a loss on 15 out of 97 positions.If I simply held all of them, there is still potential for gain with those currencies as the price of the crypto market continues to increase.Moving forward, I will hold all currencies that didn’t produce a profit instead of selling them off at a loss.Maybe I will lose money but I will only find out if I experiment.Thanks for taking the time to read my case study.Let us know with a comment below or a tweet at @BitcoinReasons A Bitcoin Exchange or Digital Currency Exchange is a business that allows customers to trade digital currencies for other assets such as conventional fiat money or other digital currencies.

Different bitcoin exchanges around the world are what sets the price of Bitcoin.Types of Bitcoin ExchangesSince bitcoin and cryptocurrencies are all completely digital there are a number of different types of bitcoin exchanges and many different ways to buy and sell bitcoin.Some exchanges are for buying bitcoin with cash while others are for buying with an ACH transfer directly from your bank account and others are exclusively for trading digital currencies similar to a forex market.If you want some bitcoin to experiment with or to save for years down the road, you are likely going to use a bitcoin exchange that sells bitcoins directly to end users.Here are the most popular exchanges for getting bitcoins both for personal use or for speculation purposes.Some of these are for buying directly, while others are trading platforms for day trading bitcoin against other cryptocurrencies.CoinbaseBased in San Francisco, California, Coinbase is the oldest and largest bitcoin exchange in the United States for business to consumer bitcoin sales.

To purchase bitcoin from Coinbase, you will need to initiate an ACH transfer directly from your bank account.Coinbase charges a premium of 1% for both buy and sell orders.ShapeShiftBased in Switzerland, ShapeShift is exclusively for trading bitcoin and other cryptocurrencies with other active users around the world.What I like (and probably most other users) the most about shapeshift is their focus on user privacy.No accounts or logins are required to trade on shapeshift.All you need is since these transactions are “on chain” you will need to pay a transaction fee for each transaction.In my personal opinion, ShapeShift is probably the best cryptocurrency exchange in the world.Bitcoin “ATMs” or BTMsBitcoin ATMs or “Bitcoin Teller Machines” are one of the easiest and quickest ways to purchase bitcoin with cash.I think that most of these terminals are one way terminals for buying bitcoin only but some of them are two-way machines so you can both buy and sell bitcoin.Bitcoin ATMs are incredibly convenient because of their speed but they often charge high fees.

Premiums of 10-20% over spot price are very common.If you would like to buy some bitcoin using a BTM, you can use Coin ATM Radar to locate the nearest bitcoin ATM.Local BitcoinsLocal Bitcoins is one of the oldest and most trusted place to buy and sell bitcoins.LBTC is a peer-to-peer marketplace for exchanging bitcoins with other bitcoin users.Payment mechanisms range from bank wire transfers to face to face meetings with cash payments.When large trading platforms go down or are shut down by governments, users usually resort to trading here on local bitcoins.Be careful on here since there are lots of scams and fraud.Wall of CoinsBased in Sarasota, Florida, Wall of Coins is a great way to both buy and sell bitcoin with cash deposits into the bank accounts.The process usually takes about 30 minutes from when you start the trade to when you have your bitcoins but the premiums on here can get pretty steep.You can expect to pay about 20%+ over spot price for the convenience and privacy.PaxfulPaxful is on of tne of the most prominent bitcoin exchanges in the world for selling at a premium and allowing the largest number of payment mechanisms, Paxful is a the premiums on here are the highest I have ever seen ranging from 20%+ to well over 100%.

There are a lot of scammers and fraud on here so be careful when buying or selling from users without a lot of good ratings/reviews.Bitcoin Trading PlatformsNot all bitcoin exchanges are for buying bitcoins to hold yourself.Some bitcoin exchanges are strictly for speculating on the price of bitcoin and other cryptocurrencies to make a profit.These sorts of trading platforms are almost always custodial (they control your bitcoins) and usually have much lower premiums than the consumer exchanges listed above.These fees are usually around .1% to .25% for each trade that you make.Let’s take a look at some of these exchanges around the world.PoloniexBased in Deleware, Poloniex has more currency pairs than any other custodial exchange in the world.BitTrexBased in Seattle Washington, BitTrex is one of the largest trading platforms in the US.KrackenBased in San Francisco, California, Kracken is a trading platform with roughly 30 different currency pairs.You can trade bitcoin against USD as well as a number of different cryptocurrency combinations.BitFinexBitFinex has the largest bitcoin volume of trades against the US Dollar so it is often the most trustworthy place to get the price of bitcoin from since it is the most stable on this exchange.

Here on BitFinex, you can trade bitcoin against a few other cryptocurrencies and also USD.ConclusionThat pretty much sums up all of the different types of bitcoin exchanges around the world.With all of these different ways to buy and sell bitcoin, there is no shortage of ways to turn a profit in the bitcoins space or just to hodl some of your own coins for years in the future.No matter what you plan on doing in the bitcoin space, there are a multitude of services there to help spread bitcoin across the globe.What is a bitcoin term that you would like us to further define for you?Let us know with a comment below or tweet at @WhatIsBitcoin.Cold Storage is achieved when bitcoin private keys are created and stored in a secure offline environment.Cold storage is important for anyone with bitcoin holdings.Online computers are vulnerable to hackers and should not be used to store a significant amount of bitcoins.The most common types of cold storage are hardware wallets and paper wallets.Hardware WalletsHardware wallets are probably the most common means of storing bitcoins offline with quick and easy access for both sending coins when needed and capable of easily receiving additional coins while still preserving privacy.

Most, if not all, hardware wallets are equipped with something called Hierarchical Deterministic (HD for short) functionality.HD wallets allow hardware wallets to create multiple addresses from a single starting point known as a seed or seed phrase.This seed is usually a collection of 12 random words that can be written down on paper to restore your wallet if you ever want to erase your hardware wallet to sell or if you just want more security.In doing this, the user creates a form of paper wallet.KeepKey is one hardware wallet that is capable of doing this.Paper WalletsPaper wallets are a more static form of cold storage.They have much less flexibility than hardware wallets because each paper wallet only has one public key and one corresponding private key.Technically a paper wallet can receive bitcoins more than once but each and every additional payment to the same address erodes the privacy of not just the user but of the entire bitcoin network.Paper Wallets are more like a savings account that you do not want to access after you have made your initial deposit.

Since paper wallets can be printed on a whim, you can print a new wallet every time that you want to receive and store funds.To remove funds from a paper wallet, you will need a way to import or sweep the private key with a mobile wallet like bread wallet or an online wallet like blockchain.info.Piper WalletPiper Wallet is a Raspberry Pi based paper wallet printer (Piper is a combination of Pi and Paper) that lives entirely offline for increased privacy and the ability to print paper wallets a the push of a button.If a paper wallet has never been online, then the private key can never be compromised by a hacker.What is a bitcoin term that you would like us to further define for you?Let us know with a comment below or a tweet @WhatIsBitcoin.A Bitcoin Faucet is a reward system, in the form of a website or app, that dispenses bitcoin for visitors to claim in exchange for completing a captcha or task as described by the website.The term faucet is used as a reference to a tap or valve for turning on the flow of free bitcoins.Nothing is FreeIn the early days of Bitcoin, faucets began as a learning mechanism to incentivize new users to download a bitcoin wallet to accept and experiment with some bitcoin.

As a first point of contact with bitcoin, new users could paste a bitcoin public key and receive small amounts of bitcoin such as 1000 satoshis for free.After their debut, it didn’t take long before hackers programmed bot scripts that would outsmart these websites by automatically creating hundreds or even thousands of public keys to receive small amounts of bitcoin and after a while all of these micro donations would add up to a pretty substantial amounts of bitcoin.Bitcoin faucets have since evolved into a service for mining personal information for advertisers.The more primitive faucets require simple actions from the user like viewing a short video ad, becoming a member, join their mailing list or sometimes by clicking on an ad to a specific website.More advanced faucets will vet their users and only “give” away the bitcoin if you are a member of their target audience.The Most Addicting Bitcoin Faucet Most bitcoin faucets are nothing more than spammy flash in the pan type sites that offer no long term value for the end user which is why most of them die off after a while.Some faucets can see the big picture and have found ways to keep their users coming back such as BitKong, a popular bitcoin gambling site that allows you to place simple wagers as you climb a ladder to win up to 10 bitcoins.

BitKong offers up to 2000 free satoshis every 10 minutes (up to 50 times per user) with the hope that you will deposit more bitcoin and keep playing.In fact they tote themselves as “The Most Addictive Bitcoin Game Ever” and judging by their numbers, they just might be the most successful bitcoin faucet ever.What is a bitcoin term that you would like us to further define for you?One of the newest and most exciting tools in the bitcoin space is not really known as a bitcoin tool but rather as an ad-blocking web browser.What separates this browser from others is that it has a built in payment mechanism that allow both users and content creators to earn bitcoin from ad revenue.Now everyone can browse safer, faster, ad-free and also earn bitcoin while doing it.A Brave New WorldIf you aren’t paying for a service, you are not the customer.You are the product being sold.Currently, the way that most ads services (if not all ad services) work is reliant on monetizing the personal data of the end user.

In order to do this, these services need as much of your personal information as possible.This is where trackers, cookies, phishing, malware and any other means to collet and mine your personal data come in to play and Brave hopes to counter this.Block Ads & TrackersAd Blockers are one of the fastest growing services on the internet today.In 2016, ad blocker usage grew substantially and is expected to double by 2020.It seems pretty clear that people want more privacy, less popups, trackers, spam and unwanted ads.While I personally don’t believe that people are using ad blockers to shave milliseconds off of web page load times, I do believe that ad blockers are playing a big part of preserving online privacy and it seems like Brave team is hoping to position themselves at the center of this.Replace AdsBrave is also currently working on a system that not only blocks existing “dirty” ads but also replaces them with what they call “clean” ads that aren’t privacy invasive.Brave Ad Replacements are just part of a new system called Brave Payments that I personally believe is going to change the way we consume online content.Brave PaymentsBrave has not only managed to create a tool that seamlessly increases privacy of all of their users but with the release of brave payments, they have created a tool that allows users to voluntarily pay small amounts of money to the websites that they visit the most and even earn money for browsing the web.

Visit the Brave Payments FAQ page for more info on how it all works.The way that traditional ad payments work is between the ad agency and the site where the ad is displayed.This is a pretty two sided way to advertise which is why I believe Brave Payments was created.The 4 Brave User TypesAt first glance, most people probably won’t understand why Brave is such a powerful tool.To make things easier, they have provided some press content to help users better understand how they will turn traditional ad systems upside down while simultaneously increasing the revenue generated by content creators and publishers.Donating Ad Share with Brave Ads – AndySome users who want to block ads are not concerned with making money from their browsing so they opt to donate their brave payments earning to the sites, publishers and content creators.This results in sites and publishers receiving 70% of revenue which is higher than most existing ad networks.Keeping Ad Share with Brave Ads – BethYour attention is worth money to advertisers.

This is where I personally believe that Brave changes the way that we will browse and monetize content.Brave ads enables users to get paid to browse the web by allowing them to earn a percentage of the ad revenue that they generate.Yes, this means that you can earn money for browsing the web.Think about that for a minute.Ad-Free Browsing – CathySome users do not want to see any ads at all and would rather contribute some of their own money to the sites they visit most.This type of user has the option to make a small payment with bitcoin or credit card for an ad-free browsing experience.This user sees less ads but also contributes to the sites that the visit the most.Ad Blocking – DavidThe fourth and final type of browser loathes ads of any kind and as a result has opted to block any and all ads and chooses not to contribute in any way.This user just wants to browse the web with increase speed and privacy.Do you think that Brave has the potential to change the way we consume online content?

Let us know with a comment below or a tweet at @BitcoinReasons Bitcoin usage is growing all around the world.From Argentina to to New York City, Bitcoin is finding its way to the people who need it most.As people search for more and more content on what Bitcoin is and how it works, they are likely to come across some of these bitcoin documentaries.In my opinion, these short films are the best bitcoin documentaries that are freely available on the internet.Enjoy.The Blockchain and UsIn 1903, the airplane took its first flight.Just 114 years later, 500,000 people are traveling by airplane at any point in time.This documentary uses a unique 8 segment format to compare blockchain to the airplane as a piece of technology that was thought to be impossible but will prove to be one of the most revolutionary tools of our time.The Bitcoin PhenomenonBitcoin is not just some dumb internet money.It is a finance phenomenon that will take over the world of free trade.This documentary goes into detail about how and why bitcoin is changing the way the world works.Ulterior StatesIt’s not really a surprise that for most of history, money has been issued by those who rule.

What I think attracts most people to bitcoin is that it challenges the legal monopoly that central banks and governments have over the creation and flows of money.This documentary touches on some of those key issues and how the Bitcoin market is addressing them.The Bitcoin GospelSome of the biggest names in Bitcoin evangelize the gospel of bitcoin in this 48 minute documentary.3 Ways Bitcoin is Promoting Freedom in Latin AmericaIn my opinion, Latin America has the most to gain by adopting bitcoin.Hyperinflation, government corruption, price controls, collapsing economies, protectionism, capital controls and excessive regulations are a big problem across the continent.Bitcoin is allowing Latin Americans to opt-out of their national currencies and use a currency that is both for and by the people.Bitcoin in ArgentinaArgentina was one of the first latin american countries to endure hyperinflation in more recent years.It didn’t take long for Argentineans to look for a way out of their existing financial framework.

This short documentary touches on how one Argentinian is using Bitcoin to endure tough economic times with the help of a European bitcoin user.Bitcoins: Liberating Organic FarmersOne of the biggest problems for small businesses in emerging economies is a stable store of value and access to a trustworthy banking tools like credit and electronic payments.Bitcoin is filling this void by providing farmers of organic foods to be able to take part in the internet economy.Bitcoin in KenyaKenya is one of the world leaders when it comes to mobile money technology.This documentary touches on how bitcoin has the potential to integrate with the Kenya’s existing mobile payments technology.Bitcoin in UgandaUganda receives around $700 million a year in remittance payments.The majority of these payments are currently sent through payment networks like MoneyGram and Western Union.This short documentary, highlights the problems with the cost and speed of using these services and how bitcoin can help to reduce the cost and increase the speed of sending money to people in developing nations.Disrupting MoneyCharlie Shrem is one of the more notorious names in Bitcoin.

He helped to get things off the ground back in 2011 with the company BitInstant.It wasn’t long before he was indicted by the federal government and was incarcerated for running an unlicensed money transferring business and selling funds from an illegal online drug marketplace.This mini-documentary tells his story in a few mins.The Rise and Rise of BitcoinPaid Documentary – This documentary follows the life of a bitcoin miner who believes that bitcoin is going to change the world.Some of the biggest names in bitcoin make appearances in this film.From Mark Karpeles to Charlie Shrem this documentary sheds light on the early days of bitcoin’s rise to fame and its rise toward what it is today.The End of Money As We Know ItPaid Documentary – I have not yet seen this documentary but it looks pretty good.I will add a description as soon as I have seen the film.Banking on BitcoinPaid Documentary – I have not yet seen this documentary either but I will add a description as soon as I have.ConclusionEven if you don’t fully understand how bitcoin works, it is changing the world and how humans organize.

The documentaries featured above are just a few of the bitcoin resources for learning but there is always a need for more.If you are a documentarian or film maker, the bitcoin space needs you.Come join us.What documentaries do you think that we should add to this list?Let us know with a comment below or a tweet at @BitcoinReasons so we can add them.Have you ever wanted to send bitcoin to someone who doesn’t have a bitcoin wallet or maybe to someone who doesn’t even know what bitcoin is?Well, now there is Money Badger and it don’t care who has a bitcoin wallet.It sends bitcoin where it wants and it doesn’t need usernames or logins.Sending Bitcoin with Money BadgerIf two people already use bitcoin, Money Badger doesn’t offer any new functionality.If you are trying to get more of your friends, family and co-workers to understand, adopt or even use bitcoin, it is one of the most useful tools in the bitcoin space.Let’s take a closer look at how it works.Sending bitcoin with Money Badger is easy and only takes 3 steps.1.

Enter a phone number or email address.2.Select the amount that you’d like to send.Currently, USD, EUR, GBP and BTC are supported.3.Complete the captcha and under “Additional Options” you can enter a short message and a return address in the event that the recipient doesn’t claim the coins that you send.This is important so you can get any unclaimed bitcoin returned to you.Receiving BitcoinWhen someone sends you bitcoin, you’ll receive a notification with a voucher code to redeem your bitcoins.In order to claim your bitcoins, you just have to visit money badger and enter your voucher code, your email or phone number and the bitcoin address where you would like to receive your bitcoins.That’s it.Once you have sent someone their first amount of bitcoin, the rising price of bitcoin is usually enough to incentivize them to do some research about bitcoin and how to use it.If the recipient doesn’t claim their bitcoins within 7 days, they are automatically returned to the sender if the sender included a return bitcoin address.

This puts coins into the hands of the most relevant users and also eliminates the risk of the recipient not claiming their bitcoin.So, now you can send bitcoin to your friends, family, co-workers and anyone else you want and if they don’t care to claim them, then you get your coins back.It’s a win win.Costs and LimitsEvery time that you send bitcoin with money badger there is a $.50 service fee that goes to Money Badger to ensure that they can keep providing this service.Since Money Badger is primarily for getting new users to adopt bitcoin by incentivizing them to download a bitcoin wallet and learn how to receive their first bitcoin transaction, there is a minimum limit of $1 and a max limit of $100 that can be sent through Money Badger.So if you are looking for a way to send large amounts of money both the sender and receiver will need to already be familiar with bitcoin.ConclusionIf you are looking for a free and easy way to send anonymous bitcoin tips, giving the gift of bitcoin and helping new users learn about bitcoin then Money Badger is a great tool for you to experiment with.How would you use Money Badger?