Simple Ways to Buy and Invest in Bitcoin

What is Bitcoin?

Bitcoin is a decentralized, peer to peer, digital currency system, designed to give online users the ability to process transactions via digital unit of exchange known as Bitcoins. In other words, it is a virtual currency.

The Bitcoin system was created in the year 2009 by an undisclosed programmer(s). Since then, Bitcoin has garnered huge attention as well as controversy as an alternative to US dollar, Euros and commodity currencies such as gold and silver.

Rise to Popularity

Bitcoin had not attained much attention in the world of business and finance before the year 2009. It rose to prominence in the 2011-2012 period when it gained over 300%. Bitcoin has had a 400% growth in its value since the August of last year. As a result, venture capital firms and investors around the world continue to pay importance to the cryptocurrency.

In the first half of 2014, venture capital firms invested $57 million in Bitcoin in the first quarter, followed by another $73 million in the second quarter amounting to a total of $130 million, which is 50% greater than last year’s total of $88 million. This is a complete contrast to the scenario in 2012 where Bitcoin firms amassed a relatively meagre sum of $2.2 million.

These statistics prove beyond doubt that Bitcoin is worth your investment, which begs the question, how can you buy and invest in Bitcoin?

A guideline for novice investors in Bitcoin

The easiest and least complicated method to invest in Bitcoin is by purchasing bitcoins. There are a lot of established firms, mainly in the US as well as abroad, who are involved in the business of buying and selling bitcoins, abbreviated as BTC.

Coinbase

If you are living in the U.S. then Coinbase is the place you’re looking for. Coinbase provides it’s clients with BTC at an estimated mark up of 1% over the existing market price. Residents of the United States have the option to sync their Coinbase wallets with their bank accounts. As a result, future payment transfers are made hassle free. This company also gives you the option of automatic bitcoin buying from time to time. For instance, if you’re interested to purchase $50 in bitcoins at the beginning of each month, Coinbase allows you to set up an auto buy for that amount.

Be mindful of the terms and conditions before you begin to use this service. If you have subscribed to an automatic bit coin service, then you will not be able to control the price at which the BTC is bought every month. Note that Coinbase is does not function as a Bitcoin exchange i.e. you buy and sell the coins directly from the firm. Since the firm has to source the coins from other buyers, you may face delays or disruptions when laying orders during fast market moves.

BitStamp

BitStamp suits the requirements of a conventional bitcoin exchange. Bitcoin acts as an intermediary which allows you to trade with other users and not the company itself. Here the liquidity is higher and you always have a good chance to find someone who is willing to trade with you. There is an initial fee of 0.5% which can be reduced to 0.2% if you trade $150,000 in a period of 30 days.

Alternative ways to purchase Bitcoins

Local Bitcoins

Exchanging isn’t the only method of investment in bitcoins. Local Bitcoins is often used to buy BTC offline. The website is designed to link potential buyers and sellers. The bitcoins are locker from the seller in an escrow and can only be released to buyers.

Buying bitcoins offline isn’t always very reliable or safe. Hence it’s preferable to meet the sellers during daytime and let a friend tag along with you just in case things go south.

Bitcoin is not just a modern trend. Venture capital firms consider Bitcoin to be a decent substitute to conventional currency in the long run. There are cointless ways for you to enter the sphere of bitcoin investment. As mentioned before, Coinbase, BitStamp and Local Bitcoins are the most popular channels for investing in bitcoin in the United States. Do your homework and find out which avenue ticks all your boxes.

Things to Know Before Choosing the Right Fastener

The world is constantly changing and while it changes, it’s also giving new dimensions to the process and techniques that are taking the dreams of building a better world, forward. So when we talk about buildings and infrastructure, we should not leave behind the fasteners who keep all these together in the right position to serve the right purpose. While getting the right fastener is always important, picking the wrong fastener can sometimes prove fatal for the structure or the project you are working on as just a single loose connection between the machine or the infra structure can cause the whole set up to collapse or there maybe chances that its functionality would get impacted.

So we have to make sure that we are choosing the right fastener which would serve the purpose of the project or the building in the best manner. Moreover, there are few points which need to be considered while choosing the right fastener.

To what extent the Fastener is impacting your customer or end-user.

Whether or not the Fastener is impacting the process or the Project you working on.

The Fastener should be the right one to improve your product.

The Cost involved in the Fastener.

Wrong choice of Fasteners could prove Harmful to business

If we talk about the big oil and gas companies, they spend huge amount of money in just designing all those big projects so as all those quality flange bolting kits, hex nuts, screw fasteners, and flange assembly kits, comes with a good price tag, any issue with the quality of fasteners might lead to unwanted delay or damage to the whole project and also lead towards unexpected repair costs. Therefore, the right fasteners should be chosen before using them in the project. Meanwhile, Following could be the bad impact of choosing the wrong fasteners:

• Possibility of the leakage
• Low life of the Product
• High repairing costs
• Low performing Project or Plant

How to choose the right fastener for your need

One should always choose the best fastener of the right quality in order to serve to their needs. This might sound like some extra cost but would definitely help the project in the long run. Material should be first matched within hex nuts, flange bolting pieces, and flange assembly parts in relation to the particular structure.

Secondly, the joint should be always strong and not weak and to ensure the same, right fasteners and supporting hardware should be chosen which could withstand to the weight and heat of the joint, and the atmosphere to which the join stands.

Thirdly, the quality of the fasteners should be checked on priority as that would enable you to gain more control over the project. The overall design of the concerned project should be of that kind that it should leave space for the replacement of fasteners in such a way as to evade hot bolting issues or other problems. By choosing the right fastener we can avoid any further damage to the project and make sure that the same would run more smoothly than ever.