By now, you’ve almost certainly heard of Bitcoin. Around 46 million Americans have now invested in cryptocurrency, making it one of the fastest-growing commodities in recent years. So, how much is Bitcoin worth?

That’s actually quite a complicated question. This article tells you everything you need to know about the value of bitcoin.

The Value of Bitcoin in Dollars

Of course, one way to look at the value of Bitcoin is to examine how much it’s worth in US dollars. As of the 23rd of July 2021, the value of a single Bitcoin was $32,528.13. While this is a lot of money, the value of Bitcoin has actually decreased quite significantly in the last few months.

Months ago, the price of Bitcoin was well over $40,000. One thing that you’ll notice about Bitcoin and other cryptocurrencies is that the value is quite volatile. On any given day, the price can easily increase or decrease by thousands of dollars.

This can be quite scary as a first-time investor, but these kinds of fluctuations tend not to scare Bitcoin veterans.

The value of Bitcoin in dollars is also significant if you want to buy Bitcoin through a site like ByteFederal.

The Value of Bitcoin as an Investment

A lot of the value in Bitcoin comes from its potential as an investment. The price of bitcoin is susceptible to a huge upswing, so it makes sense to see the value in terms of what it could be worth rather than what it’s worth right now.

For this reason, many people see Bitcoin as more valuable when the price is lower than when the price is high. This is because you can buy Bitcoin at a low price and then sell it for a higher price.

This is why many investors will enthusiastically buy Bitcoin as the price goes down. They’re confident that the price will go back up, so cheap Bitcoin has a lot of value to them.

The Value of Bitcoin as Technology

Some believe that Bitcoin will usher in a financial revolution. Some Bitcoin enthusiasts go so far as to believe Bitcoin will revolutionize global finance. Some argue that Bitcoin will eventually replace the global banking system by creating a worldwide, decentralized currency.

People with this view don’t necessarily worry about the price in the short term as they believe Bitcoin will be worth a huge amount of money in the long term. People who believe in Bitcoin to this extent are generally very reluctant to sell their coins.

The Value of Bitcoin Depends on Your Perspective

This article has demonstrated that the value of Bitcoin depends on your perspective. If you’re someone who just wants to spend your coins, the current Bitcoin to the dollar exchange rate is very important.

On the other hand, if you’re a long-term investor, the value is much less clear-cut.

If you want to learn about other Bitcoin-related topics, check out the rest of our blog posts.

Moving for many people is right up there with going to the dentist and having to do their taxes. 

No, moving tends to be a hassle more times than not even if it will lead to better circumstances down the road.

That said what can you do to make your next move a little less taxing?

Use All the Resources Necessary

When you decide a move is needed in your life for one or more reasons, here are a few tips to help you out:

  1. Go over the finances – One of the reasons people tend to move is so that they can save some money. That is on rent or a mortgage, life needs and so on. If you are in a financial pickle now, you may come to the conclusion that moving is in your best interests. You could end up saving money with a move when it comes to what you pay in rent or on a mortgage. Before thinking of moving somewhere, look at the cost of living in the proposed area you’d be relocating to. If you will see sizable savings and are okay with relocating, then a move can make a lot of sense. Also take into account the costs to move and if they will be worth it.
  2. Getting online – Unless you have a set place to move to due to work, taking care of family etc. odds are the web will play a role. So, you can go online and research what is out there. That is when it comes to available homes or apartments/condos, what neighborhoods are like and so on. Once you have found an area to move to and in fact gotten there and settled in, the work is not done. There is always the chance you will have one or more questions when it comes to your new neighbors. If you get their full name, you can always go online and do a little background detective work on them. In doing a free people search online, you may well get some worthwhile info. That is finding out if the person for instance has any criminal record. If they do have such a record, it would depend on the severity of the record to how much concern you should have with it. Also look to social media sites to learn more about neighbors when you have their full names in hand.
  3. Take advantage of surroundings – Finally, odds are you will need to take a deep breath after the move is done with. That said look to acclimate yourself to the new area as you begin to settle in. Not only is meeting some of the neighbors a good thing, you want to learn what your new area has to offer. Getting involved in the local community could prove beneficial to you as time goes by. That is especially true if you have young children with you. By settling in and using the resources around you, it should begin to feel more like home in no time at all.

When moving to a new neighborhood is in your plans, will things go smoothly? 

The New Year is the perfect time for renewed motivation in every aspect of our lives. Whether it’s going running twice a week, stopping smoking or reducing your drinking, January is the month when we are full of good intentions and ready for a new challenge. 

The same applies to our financial lives. Many people start the year with a financial to-do list and goals that they want to achieve. But what are the most popular financial resolutions people are setting this year? Let’s take a look.

  1. Save more

Perhaps unsurprisingly, the most popular financial resolution this year is to save more money. Nearly half (49 percent) of the respondents to a recent Experian study said they wanted to put more money away every month. There are lots of different ways you can do this, from budgeting more effectively to cutting back on unnecessary spending and transferring your existing savings into a high-interest account. 

  1. Improve your credit score

Building a good credit score is one route to affordable and accessible credit. If you’re looking to borrow money, whether it’s a short term loan from a lender like Wonga or a mortgage from the bank, taking steps to improve your credit score will allow you to access the best possible rates. Find out more about the steps you can take to boost your credit score.   

  1. Create a personal budget

31 percent of the respondents to the Experian study said 2020 would be the year when they created a personal budget. Tracking your money and seeing where it goes every month can be a hugely valuable exercise. It can help you reduce your spending in certain areas and assign more of your income to debt repayments and savings.

  1. Pay off a credit card entirely

Are you stuck making the minimum payments on your credit card and unable to clear the balance? This could be the year when all that changes. If you have a credit card debt you’re struggling to clear, a balance transfer credit card, which offers an interest-free period of up to 24 months, could give you the breathing space you need to finally clear that credit card debt. 

  1. Pay your credit card balance in full every month

Have you ever thought about limiting your credit card spending to an amount you can afford to pay off in full every month? Repaying your full balance at the end of the month will help to improve your credit rating and reduce the amount of money you waste in interest payments and fees.

  1. Not open any more credit cards

A positive step that 20 percent of respondents said they wanted to take this year was to not sign up for any more credit cards. The average number of credit card accounts per South African consumer increased from 1.4 to 1.5 over the last year, with an average debt of R16,481. There’s no right number of credit cards, it all depends on how many you can manage responsibly. However, as a very simple rule, the fewer you have, the better!

What are your financial resolutions for the new year? Please share yours with our readers in the comments below.