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BIT COIN by hub page

What Are Bitcoins?

Having first come to light in around 2008/9, Bitcoin is an ‘online only digital currency’ with no central bank controlling its actions. Each Bitcoin is contained within your 'wallet' on your PC. You are able to buy things using Bitcoins or trade them at various Bitcoin exchanges.

Think of it like this.

- Each Bitcoin is individual (i.e. has its own individual number so to speak).

- When storing a Bitcoin a person has a ‘wallet’ which is not online. It is in an offline wallet folder on your computer or hard drive etc.

- In order to trade Bitcoins you simply send them over to another persons wallet. All of which is anonymous (i.e. no names or addresses involved)...

As such, you have the basics for what some have called an ‘online currency’...

What makes Bitcoin so interesting is its method of generation. Instead of the designer of Bitcoin being in control of the creation of new coins, a complex cryptographic algorythm is in place so that a fixed number of coins are created. Each month the total number of coins being created by this algorythm will decrease until eventually the number of Bitcoins in existence will be a fixed 21 million.

Whilst 21 million may seem a lot of Bitcoins to be in existence, it is really not when you consider that it is a global digital currency and there are over 6 billion people in the world. This is reflected in the fact that prices are currently over $300 for just ONE Bitcoin!

Where Can I Get BitCoins?

There are a few ways that you can get hold of Bitcoins.

The first is through what is called Bitcoin mining. As mentioned earlier, there are new coins created (up to a fixed number each month). These are distributed between Bitcoin miners who will run high processing power PCs to help solve the current blockchain. However, it would be unrealistic to try and do this on a normal pc. It would cost more in electricity than would be returned in Bitcoins. The majority of miners making profit through Bitcoins will run specially designed mining 'rigs' that are hundreds of times better than a normal PC.

This brings us to the other way of getting hold of bitcoins; through bitcoin exchanges. There are a number of Bitcoin exchanges that you can use to buy or sell Bitcoins. We are not going to reccomend any here but if you do a quick search on Google and check for reviews you should find one that suits your needs. Also, you can send Bitcoins directly to other people very simply using your wallet.

Another fun way of earning Bitcoins is through gambling or the playing of games on certain websites. One example of this, Primedice, lets users gamble Bitcoins on a simple roll dice game. There are however many other different games that will let you earn when you compete against other people. Coin Flapper is a great example of this. This flappy bird clone lets you compete against other players in a tournament style game. The person that ranks top will win a small BTC prize.

It all sounds far too easy and good to be true. A decentralised currency which is not being controlled by one government (and so is thus unregulated). It would also consequently mean that if your countries currency started to hyperinflate and become worthless (much like what happened in Zimbabwe) your Bitcoins would still be safe as they are not linked to any country.


It must be said that whilst it is rare for a currency to become totally worthless, it has happened on numerous occasions in the past. Personally though, we would still reccomend gold as a safer option if your worried about the value of your currency. The Bitcoin market fluctuates too much to be seen as a 'safe' investment for your money.

What Are The Problems With Bitcoins?

Massive Price Increases & Fluctuations – It was not so long ago that the Bitcoin was worth under $100 each. However, over the past few years Bitcoins have seen massive price increases and falls and is thus not seen as stable by investors. Many traditional investors shun the idea of cryptocurrencies being a good investment for their money.
Hacks on Bitcoin Exchanges – Over the past few years there have been a number of hacks on Bitcoin exchanges and in some cases have even forced the exchange to close down as a result. A good example of this is the 'MtGox' which was once one of the largest Bitcoin exchanges in the world. In July 2014, it was announced that MtGox was going into liquidation as 850 000 Bitcoins had been stolen. At the time many were confused as to how this could happen. The equivalent of $450 million cannot simply just disapper.
Limited Availability – There are only so many bitcoins being released each month and so the limited availability is in part the reason why the prices have increased so much. We cannot discount the fact that some of the price increases may be purely down to speculative investors though. With only 21 million Bitcoins ever being created and the date of completion to be sometime in 2020 it would look like the prices of Bitcoins wont be going down at all.
Given all these negatives...


Should I Invest In BitCoins?

Personally, we believe that Bitcoins can never be seen as anything more than a speculative investment for your money. Whilst, there will be some people who have made a lot of money through owning Bitcoins, the prices fluctuate alot and consequently traditional investors are put off by the idea.

The one attractive prospect to purchasing Bitcoins for us was the fact that there will only ever be 21 million created. Once the supply stops, there is a chance that the price may start to increase as the demand increases as well. However, this is all speculation and we cannot swear to you that they are going to increase in price. There could of course be some other event happen which could cause their price to increase dramatically.

Economic Alchemy...Market Watch...

In 2009, a small group of analysts dared to question whether emergency stimulus measures were the beginning of the “Japanization” of Europe and the U.S. Ultralow interest rates, large budget deficits and then quantitative easing were all meant to be temporary. Seven years later, only the most optimistic could see these measures being put away soon.

In 2014 Larry Summers called the current malaise “secular stagnation.” The secular part implies the change is not cyclical but has become entrenched. The stagnation part means that there is little or no growth. This year the mainstream business news (i.e. Bloomberg, not just Zero Hedge) has started regularly publishing articles questioning whether orthodox economic policy has any answers left.

Orthodox economists and central bankers are openly saying that monetary policy has reached its limits and the answers must be found elsewhere.


While there might be a consensus that monetary policy isn’t working, there isn’t a consensus on whether fiscal policy is the solution. At one end of the spectrum, Paul Krugman argues that bigger government deficits are the answer. At the other end there’s a growing group that thinks orthodox economics continues to ignore debt and therefore hasn’t correctly diagnosed the problem. If the diagnosis is wrong, the remedy is almost certainly wrong as well.

Like many, it is as a result of the financial crisis and being part of debt markets that I’ve come to understand how important debt is in the functioning of an economy. Incorporating debt into economic analysis is a lightbulb moment. Easy and cheap debt creates overcapacity in economies. Examples include property and infrastructure in China, the recent U.S. energy boom and the precrisis housing boom in the U.S. Overcapacity is typically cleaned out in a recession, but the ongoing global wave of bailouts hasn’t allowed this natural process to occur.

How debt and interest rates impact an economy
It is often said that debt is a mechanism for bringing consumption forward, producing a quick stimulus in an economy. However, the interest and principal payments required become a long-term drag on spending in the future. When reviewing monetary policy in this light, the failure to stimulate economies becomes easier to understand. Businesses see overcapacity and reduce investment. Cheaper borrowing rates just encourage borrowing for stock buybacks and acquisitions. Supply stays the same; it’s just the ownership that changes hands.

For consumers with savings, lower interest rates reduce their income, so they respond by cutting spending or moving to riskier investments. As with businesses, the switch to riskier investments primarily results in bidding up prices for existing assets. For consumers with debt, their repayments rarely change; rather, the lower interest rates see their debt repaid faster. This has an impact over the long run, but in the short and medium term there is no additional discretionary cash in the household budget.

For those looking to borrow for housing, their savings build more slowly and repayments when they do buy a property will be higher as house prices are higher.

The hoped-for wealth effect from inflated asset prices hasn’t arrived. Consumers aren’t spending more and businesses don’t need to expand, so demand for labor has been slow to recover. Real disposable incomes are barely growing or negative. Consumers see their economic situation as worse, regardless of an increase in the value of their house. Low interest rates are seen as marking an economic emergency, rather than being a green light to spend money.

Why fiscal policy doesn’t help
What about fiscal policy? Here the logic is much simpler. By increasing debt now, future generations are burdened with higher repayments. Some argue that governments should use current low interest rates to spend on infrastructure and thus increase productivity and growth. In theory that sounds logical. In reality, it’s about allowing currently excessive levels of stimulatory spending to continue. If a government has $100 of income, it should spend $80 on stimulatory spending and $20 on investment rather than $100 on stimulatory spending and borrowing $20 for investment. Even better would be to spend $70 on stimulatory spending, $25 on investment and $5 on reducing debt levels.

Will We Get Tax Reform?(4:16)
U.S. Representatives Kyrsten Sinema (D., Ariz.) and Steve Stivers (R., Ohio) of the Congressional Caucus for Middle Market Growth speak with WSJ Washington Bureau Chief Jerry Seib about the likelihood of tax policy reform in the near future.

So if further stimulation by monetary and fiscal policies isn’t the answer, what is? The actions required are all about prioritizing reform and productivity. Firstly, government spending and taxation needs to switch from temporary relief to long-term growth measures. Secondly, businesses must be given greater scope to compete and reduce their costs.

What does reform of government spending and taxation look like? If welfare is curtailed, working people pay less in taxes and spend more (creating more demand for goods and services), and unemployed people are given more incentive to seek work. On the taxation side, reforms that promote greater employment need to be prioritized. This means reducing income-tax rates so that the treatment of employment income and investment income is equalized.

Reducing regulation to allow greater competition can be difficult to sell. Many people get a small win while a vocal few suffer larger losses. Uber is perhaps the most famous example. It’s often been said that taxis are the best advertisement for Uber. The service is often poor and the costs are higher than they should be. Primarily as a result of not needing to earn $30,000-$50,000 a year to cover the investment in a taxi license, Uber can offer lower fares.

Uber isn’t perfect — there are legitimate concerns about Uber skirting tax obligations and minimum wage levels — but having monopoly controls on taxi services was far worse. Research has found that while Uber has taken market share away from taxis, the overall market has grown. Consumers are demanding more of the same service because the price has fallen.

If similar reforms were applied across an economy, the benefits would be substantial.

Jonathan Rochford is a portfolio manager at Narrow Road Capital, which specializes in high-yield and distressed credit. This commentary is adapted from “Monetary and Fiscal Stimulus Has Failed — What Next?”

Need Cash?

“What Are You Struggling With?”

And guess what?

People reply, and say exactly what their problems are, and what they need help with.

Think about that for a second.

People will tell you their problems.

Now when you sell something, you can bet that your sell them a cure to those problems.

And trust me, people will buy it.

They already told me they were struggling, and they’ll want to alleviate that pain.

Why This Question is a “Double-Edged Sword”

I know you think this tactic is cool, but there’s a real problem with it, and if you don’t address it, this tactic can hurt. If you do address it, you’ll reap the rewards.

Here’s the deal:

When you ask people a personal question like “What are you struggling with,” you MUST respond to that email.

If you don’t, it will breed resentment, and may lose you a fan.

If you do, you’ll increase loyalty and customer satisfaction because people love personal attention.

What does that mean to you?

Higher open rates. Higher click through rates. Higher conversion rates.

So, if you dare use this personal approach, make sure you’re ready to answer emails.

And again, it’s worth it.

You’ll know what people want to buy, then it’s your job to sell it to them.

SBA Loans! Get up to $500k for the low, low interest rate of 5 or 6 percent - SAY WHAT?????

While every loan program has specific forms you need to fill out and documents you need to submit, you will likely need to submit much of the same information for different loan packages.

Before you start applying for loans, you should get some basic documentation together. The following are typical items that will be required for any small business loan application:

https://www.sba.gov/loans-grants/see-what-sba-offers/what-sba-doesnt-offer

you need the following info ready to go, preferably electronically

Personal Background: Either as part of the loan application or as a separate document, you will probably be asked to provide some personal background information, including previous addresses, names used, criminal record, educational background, etc.

Resumes: Some lenders require evidence of management or business experience, particularly for loans that are intended to be used to start a new business.

Business Plan: All loan programs require a sound business plan to be submitted with the loan application. The business plan should include a complete set of projected financial statements, including profit and loss, cash flow and a balance sheet.

Personal Credit Report: Your lender will obtain your personal credit report as part of the application process. However, you should obtain a credit report from all three major consumer credit rating agencies before submitting a loan application to the lender. Inaccuracies and blemishes on your credit report can hurt your chances of getting a loan approved. It’s critical you try to clear these up before beginning the application process.

Business Credit Report: If you are already in business, you should be prepared to submit a credit report for your business. As with the personal credit report, it is important to review your business’ credit report before beginning the application process.

Income Tax Returns: Most loan programs require applicants to submit personal and business income tax returns for the previous 3 years.

Financial Statements: Many loan programs require owners with more than a 20 percent stake in your business to submit signed personal financial statements. You may also be required to provide projected financial statements either as part of, or separate from, your business plan. It is a good idea to have these prepared and ready in case a program for which you are applying requires these documents to be submitted individually.

Bank Statements: Many loan programs require one year of personal and business bank statements to be submitted as part of a loan package.

Collateral: Collateral requirements vary greatly. Some loan programs do not require collateral. Loans involving higher risk factors for default require substantial collateral. Strong business plans and financial statements can help you avoid putting up collateral. In any case, it is a good idea to prepare a collateral document that describes cost/value of personal or business property that will be used to secure a loan.

Legal Documents: Depending on a loan’s specific requirements, your lender may require you to submit one or more legal documents. Make sure you have the following items in order, if applicable:

Business licenses and registrations required for you to conduct business

Articles of Incorporation

Copies of contracts you have with any third parties

Franchise agreements

Commercial leases

Questions Your Lender Will Ask You

Forms vary by program and lending institution, but they all ask for the same information. You should be prepared to answer the following questions. It’s a good idea to have this information prepared before you fill out the application:

Why are you applying for this loan?

How will the loan proceeds be used?

What assets need to be purchased, and who are your suppliers?

What other business debt do you have, and who are your creditors?

Who are the members of your management team?

Get Cash or have cash on hand

Everything is selling, some sales guru told me a long, long time ago.
and finally, since the Great Recession and the Fall of Banking
there is economic evolution.  This 'New Capitalism' is
selling CASH.  But, cash is no longer 'cash' - it is worldwide currency and is more of a line of credit than
a line of liquidity.

We become liquid by incorporating our best ideas
and as a writer, I've discovered that High Finance, always a hot topic, has become its own currency, as
'currency' is equated with cache.



http://hownowcashcow.blogspot.com/


you pull the trigger
no obligatgion.

Wasted Capital?

No MBA worth his salt will tell you to borrow money, but your accountant will.
In order to capitalize and advance, every business owner knows that negative cash flow will kick you when you are down.

Correcting this deep dive is another matter
but call me

Cash on Hand
when you need it
and not until then