Thursday, 19 May 2016

Learning all about Bitcoin and Litecoin

“How to stay safe in the digital ‘Wild West’ of crypto-currencies… even if you are a beginner!”

Bitcoin and its sister currency, Litecoin, are undoubtedly the hottest developments in money this century, and both are rapidly gaining worldwide attention.

Every day, it seems, the media is filled with stories of fortunes made and lost in the mysterious ‘wild west’ that is the world of crypto-currencies.

Litecoin, for example, saw a 33,643% return from 1st January 2013 to 1st January 2014 – which means that if you had invested just $500, you could have turned that into $168,149.19 within a single year1.
But sadly some people have lost it all, because they don’t know how to protect their investment – like the guy who lost Bitcoins currently worth $12,276 when he was tricked into running a computer virus that emptied his digital wallet.

Or the British guy who accidentally trashed a hard drive containing an estimated $6.4 million worth of Bitcoins.

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