You Are Moving – But Can You Bring The Pool?

You Are Moving - But Can You Bring The Pool?

You Are Moving – But Can You Bring The Pool?

Depending on where you live, a swimming pool can be a necessity, not a luxury, but that doesn’t mean they won’t eat up your cash. Swimming pools cost $21,000 on average, according to Fixr, but don’t necessarily repay the cost. According to Time, it’s likely that in pool-building communities, most other houses will have one too. That means it’s not entirely likely you’ll see a big boost in your home value.

What happens when you move, then? Do you abandon the multiple thousands of dollars you invested in your back garden? Many Americans are looking to be money savvy after purchasing a home, given the squeeze on the cost of living going on right now. Rather than abandoning your pool and losing cash, take it with you.

You Are Moving – But Can You Bring The Pool? Consider the logistical side

Before you look at upending and moving your pool along with your house, consider the area you’re moving to. As reported by City AM, zoning laws can be restrictive and very specific to the area you’re aiming for. It can be difficult and time-consuming to obtain planning permissions that runs counter to local government aims, so be wary of any regulatory barriers. Before shifting your pool, think about improvements you make, too. Pools are generally a challenge in environmental terms – consider adapting your swimming bath to make it geared towards the future. Many of the improvements that ‘going green’  bring also bring money back into your pocket, particularly where water is concerned – up to .25 of an inch of water is lost every day that you have to pay to refill.

Tips and tricks for the move itself

When it comes to the moving process, treat your pool like furniture. Take photographs to ensure you know the layout, and if required create instructions. That way you will know exactly where each brick, tile and railing nut should lie. Be wary of damaging materials – pool maintenance is expensive without the cost of damaged materials such as a torn pool lining. While lining changes are one of the most common repair types, according to HomeAdvisor, pool lining can cost up to $1,700 for full replacement.

Moving an entire swimming pool sounds unfeasible – perhaps akin to moving an entire house. However, you may make a wise financial decision by moving a pool, given the high cost of building a pool and the fact it might not have that much impact on house prices. With careful planning and execution, it’s absolutely doable, and you might find ways to save money along the way.

Using the Statements to Measure Financial Health

The financial statements tell different but related stories about how well your company is doing financially:

• The income statement shows the bottom line. Using the rules of accounting, it indicates how much profit or loss a company generated over a period of time — a month, a quarter, or a year.

• The balance sheet shows whether a company is solvent. It provides a snapshot of the company’s assets, liabilities, and equity on a given day.

• The cash flow statement shows how much cash a company is generating. It also tracks, in broad terms, where that cash came from and what it is being used for. Now you’re ready to take the next step: interpreting the numbers these statements provide.

For example, is the company’s profit large or small? Is its level of debt healthy or unhealthy? You can answer such questions through ratio analysis. A financial ratio is just two numbers from the financial statements expressed in relation to each other. The ratios that follow are useful for almost any industry. But if you want to gauge your own company’s performance, the most meaningful comparison is usually with other companies in the same industry.

Profitability ratios

Profitability ratios help you evaluate a company’s profitability by expressing its profit as a percentage of something else. They include:

• Return on sales (ROS), or net income divided by revenue. (Remember that net income on the income statement just means profit.) Also known as net profit margin, ROS measures how much profit the company earns as a percentage of every sales dollar. For example, if a company makes a profit of $10 for every $100 in sales, the ROS is 10/100, or 10%.

• Return on assets (ROA), or net income divided by total assets. (You can find total assets on the balance sheet.) ROA indicates how efficiently the company is using its assets to generate profit.

• Return on equity (ROE), or net income divided by owners’ equity. ROE shows how much profit the company is generating as a percentage of the owners’ investment.

• Gross profit margin, or gross profit divided by revenue. This ratio reflects the profitability of the company’s products or services without considering overhead or other expenses.

• Earnings before interest and taxes (EBIT) margin, or operating profit divided by revenue. Many analysts use this indicator, also known as operating margin, to see how profitable a company’s operating activities are.

You can use these ratios to compare one company with another and to track your own company’s performance over time. A profitability ratio that is headed in the wrong direction is usually a sign of trouble.

Efficiency ratios

Efficiency ratios show you how efficiently a company is managing its assets and liabilities. They include:

• Asset turnover, or revenue divided by total assets. The higher the number, the better a company is at employing assets to generate revenue.

• Days sales outstanding, or ending accounts receivable (from the balance sheet) divided by revenue per day (annual revenue divided by 360). This ratio tells you how long (on average) it takes a company to collect what it’s owed. A company that takes 45 days to collect its receivables needs significantly more working capital than one that takes 20 days to collect.

• Days payable outstanding, or ending accounts payable divided by cost of goods sold per day. This measure tells you how many days it takes a company to pay its suppliers.

The more days it takes, the longer a company can use the cash. Of course, the desire for more cash has to be balanced against maintaining good relationships with suppliers.

• Inventory days, or average inventory divided by cost of goods sold per day. This ratio indicates how long it takes a company to sell the average amount of inventory on hand during a given period of time.

The longer it takes, the more cash the company has tied up and the greater the likelihood that the inventory will not be sold at full value. Again, it’s often helpful to compare changes in these ratios from one period to the next, and to track trends in the ratios over three years or more.

Liquidity ratios

Liquidity ratios tell you about a company’s ability to meet current financial obligations such as debt payments, payroll, and vendor payments.

They include:

• Current ratio, or total current assets divided by total current liabilities. This is a prime measure of a company’s ability to pay its bills. It’s so popular with lenders that it’s sometimes called the banker’s ratio. Generally speaking, a higher ratio indicates greater financial strength than a lower one.

• Quick ratio, or current assets minus inventory, with the result divided by current liabilities. This ratio is sometimes called the acid test. It measures a company’s ability to deal with its liabilities quickly without having to liquidate its inventory. Lenders aren’t the only stakeholders who scrutinize liquidity ratios. Suppliers, too, are likely to inspect them before offering credit terms.

Leverage ratios

Leverage ratios tell you how, and how extensively, a company relies on debt. (The word leverage in this context means using debt to finance a business or an investment.)

• Interest coverage, or earnings before interest and taxes (EBIT) divided by interest expense. This measures a company’s margin of safety: It shows how many times over the company could make its interest payments from its operating profit.

• Debt to equity, or total liabilities divided by owners’ equity. This shows how much a company has borrowed compared with the money its owners have invested.

A high debt-to-equity ratio (relative to other companies in the industry) is sometimes a reason for concern; the company is said to be highly leveraged.

Nearly every company borrows money at some point in its life. Like a household with a mortgage, a company can use debt to finance investments that it otherwise couldn’t afford. The debt becomes a problem only when it’s too high to be supported.

Other ways to measure financial health

Other methods of assessing a company’s financial health include valuation, Economic Value Added (EVA), and measurements of growth and productivity. Like the ratios just discussed, these measures are most meaningful when you are comparing companies in the same industry or looking at one company’s performance over time.

Valuation usually refers to the process for determining the total value of a company. The book value is simply the owners’ equity figure on the balance sheet. But the market value of the business — what an acquirer would pay for it — may be quite different.

Publicly traded companies can measure their market value every day: They just multiply the daily stock price by the number of shares outstanding. A privately held company — or someone who is considering buying one — must estimate its market value. One method is to estimate future cash flows and then use some interest rate to determine how much that stream of cash is worth right now.

A second method is to evaluate the company’s assets — both physical assets and intangible assets such as patents or customer lists.

A third is to look at the market value of publicly traded companies that are similar to the company being evaluated. Of course, a company may be worth different amounts to different buyers. If your employer owns a unique technology, for instance, an acquirer that wants that technology for its operations may be willing to pay a premium for the business.

Valuation also refers to the process by which Wall Street investors and stock analysts determine what a publicly traded company “ought” to be selling for (in their view). That helps them decide whether the current market price of the stock is a good deal or a bad one. Analysts and investors use various gauges in this process, including:

Earnings per share (EPS), or net income divided by the number of shares outstanding. This is one of the most commonly watched indicators of a company’s financial performance. If it falls, it will most likely take the stock’s price down with it.

Price-to-earnings ratio (P/E), or the current price of a share of stock divided by the previous 12 months’ earnings per share. • Growth indicators, such as the increase in revenue, earnings, or earnings per share from one year to the next. A company that is growing will probably provide increasing returns to its shareholders over time.

Economic Value Added (EVA). A registered trademark of the consulting firm Stern, Stewart, EVA indicates a company’s profitability after a charge for the cost of capital is deducted. The calculation is quite technical.

Productivity measures. Sales per employee and net income per employee are two measures that link revenue and profit to workforce data. Trend lines in these numbers may suggest greater or lesser operating efficiency over time. Wall Street loves statistics, and these are just a few of the indicators that the professionals use. But they are among the most common.

Padding Your Retirement Account with Freelance Work

Padding Your Retirement Account with Freelance Work

What is Freelancing?

The freelance market, also known as the “gig economy,” is vastly different than the job market than the one with which most seniors grew up. Instead of interviewing and accepting a position within a company, you approach clients directly for work. Most freelancers are hired as independent contractors and paid on a project-by-project basis. This gives you the flexibility to set your own hours and take time off whenever necessary.

While freelancing is a great way to make money while working from home, there are a couple of things that seniors should keep in mind. Freelancers usually receive no benefits, which means no medical coverage. Contractors are also responsible for their own taxes.

The Benefits of Freelancing

One of the biggest benefits of online freelancing for many seniors is the lack of a commute. This means that job openings and gigs aren’t just limited to adults with a car or a bus pass. Those who are legally blind, mobility impaired, or who can’t find transportation for whatever other reason can still conduct a freelance business from the comfort and convenience of their living room. You can also set your own hours and work as your own boss.

Freelancing Opportunities for Seniors

It’s not hard to find online gigs if you know where to look. Skilled freelancers can find postings on community sites such as Craigslist, or they can go to a specific hiring website. There are several sites designed to connect freelancers to jobs both in and outside of their area, including:

  • Upwork
  • Guru
  • Fiverr
  • Freelancer
  • iFreelance

With the advent of the Internet, it’s become easier than ever to earn money from home. No matter what your field, you can find exciting freelance gigs online that can help you to pad your retirement account. What’s more, you have the freedom to be your own boss and run your business your way.

Jenny Holt

What is 5G and What Does the G mean?

I’ve been reading about 5G coming to the US in late 2018 starting with 10 to 11 cities. Sacramento will be the first installation by Verizon and Waco will be the first location by AT&T. I’m told that people who invested in 1G, 2G, 3G, and 4G made fortunes. Now we have the opportunity to get in on 5G.

What is 5G and what does the G mean? 

The G stands for Generation. So 5G is the fifth generation. Why should we be interested in 5G? The average user on the internet either uses 3G or 4G, and download speeds average 17.2 mbps download speed. 5G offers speeds of 1gbps or 1000mbps. That is 50 to 60 times faster and may even reach 3+gbps or gigabits per second. That is a huge difference and may put cable out of business. I’ve come across several companies that will be big in 5G?

Reuters writes, “Before the new technology becomes a reality for consumers, two transitions need to take place.”

“Mobile operators have to upgrade their networks with 5G gear made by the likes of Huawei [HWT.UL] and ZTE 0000630.SZ of China, Sweden’s Ericsson (ERICb.ST) and Finland’s Nokia (NOKIA.HE). And phone makers need to make handsets with built-in 5G radios ready to hook up to networks.”

Kiplinger writes, “5G is the fifth generation of mobile wireless technology and a major step up from previous versions. 5G will greatly accelerate download speeds, improve response times and enable networks to connect to many more types of devices.  “Wide-ranging applications for 5G in new markets such as video streaming, smart manufacturing and driverless cars will fuel revenue gains for companies providing 5G service and technology. Networking giant Ericsson (ERIC) predicts a 5G market surpassing $1.2 trillion within 10 years. Facebook (FB) CEO Mark Zuckerberg envisions “killer applications” for 5G in virtual reality games, and other techies think 5G will drive major advances in telemedicine and robotics.”

Kiplinger says there are six companies that will be big in 5G: AT&T, Verizon, Qualcomm, Nokia, Cisco Systems, and Vodaphone.

I’ve come across phrases that mean little to me now, but will in the near future:

Small Cell or Metrocell

Metrocells or small cell are compact and discrete mobile phone basestations, unobtrusively located in urban or rural areas. They can be mounted on lampposts, positioned on the sides of buildings or found indoors in stadiums, transport hubs, and other public areas.

Small Cell Backhaul

Small Cell Backhaul. Small Cell backhaul is the transmission link between the small cell and the mobile network operator’s core network.


In telecommunications, a femtocell is a small, low-power cellular base station, typically designed for use in a home or small business. A broader term which is more widespread in the industry is small cell, with femtocell as a subset. It is also called femto AccessPoint (AP).

I’m excited by the prospects of 5G. It seems computers are never fast enough or downloading a movie takes too long. That’s about to change with 5G

Mike Landfair (landfair3554@gmail(dot)com


Top Ways To Protect Your Finances When Buying Online

Top Ways To Protect Your Finances When Buying Online

Buying and selling online is big business across the world. In 2017, 1.66 billion individuals purchased products on the net and this figure is expected to increase further in 2018. However, numerous fraudulent practices are targeting e-commerce businesses, and are risking the finances of individuals up and down the country. With many seeking out the American dream, losing your cash after innocently shopping on the net is a devastating blow. Thankfully, there’s no need to worry if you take onboard these top buying tips when you next shop online.

Be vigilant

South America is currently emerging as a hotspot for identity fraud as a result of cyber criminals hacking into e-commerce systems and stealing the personal data of online shoppers. Most people don’t think twice about entering their date of birth, address and bank account details when shopping online, but have you ever stopped to think about what happens to this data once your parcel has been dispatched? You should choose the sites you purchase from and provide your personal details to wisely, even if it sometimes means you have to pay a few more dollars for your goods.  Always be on the lookout for signs that something isn’t legit with the company, such as no reviews or feedback.

Check the site’s security status

It would be fair to say that a large proportion of people don’t stop to check that the e-commerce site they’re purchasing from is secure before proceeding to make a purchase, but if you want to protect your finances from criminals you need to avoid getting over excited and rushing ahead to the checkout. A secure website will start with https rather than http and your browser bar will confirm the security of the site by showing a padlock. Consider using Chrome as your browser when shopping online as from July 2018, all http websites will be marked as ‘not secure’, making it easier for you to identify that the online shop is one to steer clear of.

Know your rights

As you don’t get to physically see or hold an item before you buy it online, consumers usually have better rights. You should always take the time to read the e-commerce site’s terms of sale including their refund policy before you buy any goods and it’s always worth making online purchases with a credit card as, if a problem occurs, you can dispute the charge. It’s wise to utilize an e-commerce site that has a reputation for providing good customer service and support, both before and after the sale, as these are the sites that care and appreciate you as a customer. It is a sign that they will do their utmost to protect the data they hold on you, including your bank account information.

Buying goods online is an efficient and convenient way of shopping for billions of people each year. However, many consumers need to put more effort into keeping their data and financial information secure when on the net. Being vigilant about who you buy from and what personal data you’re giving out is vital while checking the security status of every site you visit is a must. Take the time to read up on your rights, too, before checking out and freely handing over your personal data as this will provide you and your finances with ultimate protection.

 Jenny Holt

Engaging Workers To Boost Productivity: Tips For Small Businesses

Engaging Workers To Boost Productivity: Tips For Small Businesses

The U.S.economy loses up to $550 billion a year because of unhappy employees. While workers still labor in pursuit of the American Dream, it seems they’re not entirely engaged doing so. Across the globe, as much as 85 percent of employees are disengaged or actively disengaged. Owners are increasingly striving to improve company culture so that staff disengagement doesn’t drag down the workplace, and ultimately, the bottom line.

Identifying a disconnected worker

When an employee doesn’t enjoy their work and scrapes by achieving the bare minimum of what is required, it’s likely they are disengaged. These employees often don’t feel challenged, emotionally attached, or optimistic about career advancement. As a result, they don’t extend themselves or have the drive to deliver better outcomes. A disengaged worker won’t always create problems, and can even be reluctant to quit their job. Unfortunately, it doesn’t take long for negativity to spread and damage the collective employee morale.

Early signs of disengagement include lacking motivation and avoiding fun or social activities with co-workers, being apathetic about learning opportunities, and not celebrating the company’s achievements. A disengaged employee is also more likely to take sick days and be less enthusiastic about growing the business’s reputation.

How disengagement happens

It’s estimated that more than half of all employees are unfamiliar with their company’s mission or vision. Also, management’s ability to communicate well and be transparent can have a major influence on employee happiness. Your staff wants to be valued, heard and included. If an owner isn’t interested in certain elements of the business; for example, if they ignore feedback or don’t prioritize performance reviews, it’s possible that employees will become disconnected. In fact, this is the case for seven out of every ten Americans at work.

The cost to small businesses

For small to medium businesses, a disengaged employee can cost about $10,000. Reduced productivity and customer satisfaction, high staff turnover, and increased absenteeism all have a bearing on the actual price of disengagement. Disengaged workers put in the time but not the zeal, which tends to weigh down the motivation and ambition of those who are actively industrious. Also, a company is at risk of losing engaged, productive workers who are exposed to pessimistic colleagues. And there’s your business brand to consider. Having a strong, positive reputation is always in the best interests of a growing company.

Ways to enhance engagement

While the cost of disengaged staff can be startlingly high, solutions are attainable. Leaders are capable of cultivating a dynamic workforce by setting clear expectations and demonstrating the importance of engagement themselves. Additionally, organizations should ask for and accept feedback, devise and stick to an engagement plan, and introduce team-building activities. The disconnectedness of workers may have never been a salient issue for your business. But for your company to prosper in a competitive marketplace, you should be aware of the signs of disengagement and take pre-emptive measures to ensure your staff is – and remains – engaged.

Jenny Holt <>

Top Ways To Boost Your Finances After Buying A Home

Top Ways To Boost Your Finances After Buying A Home

Top Ways To Boost Your Finances After Buying A Home

Owning a home is the dream scenario for millions of people around the world. However, with the average American property costing $241,700, it can be hard enough scraping together a sizeable deposit, let alone ensuring you’ve got enough put by to truly put your stamp on your new abode. So, when you’re preparing for a house move, be sure to take into consideration these top tips to enable you to boost your finances and your bank balance.

Take your time & plan

It goes without saying that you’ll be excited at the prospect of moving into your own property and will want to make changes as soon as possible so that it truly feels like it’s all yours. It is tempting to splash out on items before you’ve made a definitive plan, though, as you’ll likely end up throwing away money. Once you’re settled in your new place, take the time to sit down and decide what work needs doing and what changes you would like to make. This will give you a good starting point to work from and from here you can determine an order of priority.

Bills & expenses

When you move into a new home, it’s easy to forget to contact businesses such as your energy supplier and water provider to give them your details. It’s essential you make contact with them as soon as possible though to avoid falling into debt. This also gives you the perfect opportunity to ask for any special deals plans or discounts which will help keep your bank balance looking healthy. Now is also the time to seriously review your outgoings. Some top ways to cut your expenses is to opt for a cheaper cell phone contract, ditch the takeout coffees and walk instead of using public transport.

Make cash from your home

Your new property could be the perfect way to help boost your finances and build your personal wealth. If you’ve got a spare room, you could rent it out to a lodger or, for those conveniently located near to cities, towns and local businesses, renting out your driveway to commuters is a great way to bring in some additional cash. Another option is to rent out your home to TV and movie directors looking to film in lived in properties rather than fake sets.

Buying a home is a costly expense

Therefore, buyers should ensure they find ways to enhance their income and keep their finances healthy. It’s important to plan and budget for any projects before proceeding with them, take time to review all bills and expenses and consider using your new residency to make some cash.

Jenny Holt <>

Income Inequality, Wage Stagnation, Debt, and the American Dream

Income Inequality, Wage Stagnation, Debt, and the American Dream

Income Inequality, Wage Stagnation, Debt, and the American Dream

Approximately 60% of Americans think that the American dream is now more difficult to achieve. For many, the dream is to own a big house, a nice car, and to pay for monthly bills without running into money troubles. However, all of these depend on household income and its power to both see and seize the dream. Analysts blame this turn of events on income inequality and the fact that the income gap between the affluent and everyone else has been seeing a steady climb for some 30 years.

The Struggle of the Middle Class

Many households in the United States now spend more than they make. According to a CNBC report in July 2017, most Americans consider themselves as part of the middle class but that their six-figure income is barely enough to cover for transportation, healthcare, housing, and other needs. A Forbes report in 2016 also paints a similar picture. The report notes that 63% of Americans do not have enough money stashed away to cover for a $500 emergency.

The Debt Burden 

In May 2017, the Federal Reserve Bank of New York reported a new peak in household debt in the US. According to the report, the debt burden has grown to a whopping $12.7 trillion with student loans, housing payments, credit card debt, and auto loans being the major contributors. Although many assume that this is mainly due to careless spending, it is not true in most cases. Student loans are higher now because of soaring tuition costs, according to experts. Despite the fact that cost of living has gone down, for the most part, the United States has been experiencing a wage stagnation for years.

How to Get Back on Track

Achieving the American dream can mean tightening your belt for a number of years but with the average household debt at $137,063, getting back on track is easier said than done.The good news is, personal loans can help consolidate debt at favorable rates. While this is still a form of debt, a personal loan can help Americans pay off their debt sooner and still save a little money along the way. Personal loans have lower interest rates in general, and some lenders even offer rates as low as 5%.

Basic financial management techniques also help, according to experts. Apart from paying off all debts, it is important to find ways to decrease monthly expenses. Getting a cable and internet bundle, for example, is a good idea. For individuals who don’t really watch that much TV, it is advisable to get rid of the cable altogether. Even the little things count. Your daily caffeine fix at your favorite coffee shop can survive a downgrade by making your coffee at home. It is also a good idea to list your priorities and to remind yourself of these priorities every day. Sticking to paying for your needs first before spending your money anywhere else will make financial decisions easier for you. With enough discipline and drive, you still have the chance to live the American dream. 

Jenny Holt <>

Why Bitcoin Isn’t the Future of Cryptocurrency

Why Bitcoin Isn't the Future of Cryptocurrency

Why Bitcoin Isn’t the Future of Cryptocurrency

All around the world, many sing the praises of Bitcoin and that it is the future of cryptocurrency. No one who deals with cryptocurrencies wants to see BTC fail yet in anything the one who brings the idea to the masses does indeed see a fall in their initial standing. Why Bitcoin Isn’t the Future of Cryptocurrency.

Why Bitcoin Isn’t the Future of Cryptocurrency

BTC will not fail, and it will always be there yet it stands a good chance of playing second fiddle to some of the other cryptocurrencies that have yet to make their full presence felt.

This massive shift that will happen in the crypto market stands a chance of being in 2018. Bitcoin will be soon seen as a victim of its own success. There are many Bitcoin problems and these up, and coming coins are fixing them all the time.

What Are The Problems With Bitcoin?

Bitcoin problems fall into diverse areas, some are of its own doing, and some are the effects of its popularity, yet regardless of the root of the problem, it is still a problem. Some of which might not be fixed with the current BTC and Blockchain model.

One of the problems being scalability, bitcoin is not very good at it. Simply put, the more transactions that take place, the slower the processing of these transactions by the bitcoin miners becomes.

This leads to another area that should never have happened. High transaction costs are being imposed to conduct these transactions first. This is entirely in the wrong direction that the coin should have gone in.

Mining is another problem area with BTC and the Blockchain. Over time the number of coins to be mined reduces.

In the near future this makes mining unprofitable for the miners, once this number is limited it is hard to say how things will go, but one thing for sure. Who will do the processing of the transactions?

BTC was supposed to be truly decentralized, yet mining pools have stopped this idea. It has been said that mining is controlled by only three major pools of miners around the world. If any of these merged it could be a sign for a 51% attack, or at least the market could be manipulated if it isn’t already.

Other BTC Issues

Along with a network that slows thus forcing higher costs to users and the decentralization issues it has, BTC will not vanish. It will still be used as most crypto’s are traded against it, so there is a need for now.

How Crypto’s fix this problem?

There are over a thousand cryptocurrencies, yet a great deal of these are based around BTC and Blockchain. These will be pushed by the wayside by altcoins that have seen the problems, since cryptocurrencies birth.

There are however coins which have taken their time to come to market. They have no intention of only lasting a few years so they address critical issues as you can see below:


This coin is based on Ethereum, so it does not hold the same network slowdown as BTC. New blocks are created in a fraction of the time compared to BTC’s new block every 10 minutes. OmiseGo promises real-time P2P payment services.

It is also made accessible to everyone as no bank account is needed and is scalable while retaining low costs and instant settlements. It has been designed to offer transactions across multiple currencies.


This coin is set to transform so many things in the later months of the year and beyond. It has ripped up the BTC rule book and started at the bottom to build not just a coin, an algorithm that works (Obelisk) and a new mesh network that changes the face of the internet in its entirety.

Skycoin is looking at the long-term goal and is not rushing to deliver anything that will lead to problems in the same way that BTC and Ethereum have done.

SKY is a 3rd generation altcoin and does something radical. It eliminates mining of coins altogether. It does have miners, yet these are paid for offering bandwidth.

These decentralized nodes or internet access points are what you would pay rather than a large ISP who has control. A “New Internet” and a new future all is good for SKY when it hits the mainstream.


This was developed and for a time was seen as a replacement for BTC. What it does is to update the payment infrastructure.

Ripple connects to banks, payment providers, corporates and digital asset exchanges to offer frictionless payment system when sending money anywhere. Transactions are almost instantaneous, and you can trace funds in real-time.

Unlike BTC it is scalable and can scale to perform the same number of operations per second as Visa.

Although it still uses the Blockchain in the same way. It does rid their system of the many problems that now hinder BTC.

From these three coins, the one that does away with most of what BTC was based on is SKY and Skywire. It is radical, yet it was conceived by some of the original BTC and Ethereum developers, so it has a solid standing and background behind it.

Key Points On Bitcoin Investment

Key Points On Bitcoin Investment

Key Points On Bitcoin Investment

If the idea of investing in cryptocurrency didn’t excite you before 2017, there’s a good chance it caught your attention last year. Bitcoin, in particular, had a sensational year, starting right around $1,000 in early January and skyrocketing to nearly $20,000 toward the end of the year. It would be easy to look at the cryptocurrency market and groan at the idea of having missed the train; then again, plenty of people are even now looking to hop aboard in the hopes that these bizarre digital currency alternatives just keep climbing.

I can’t tell you whether or not that’s a good idea. Frankly, no one can. Bitcoin and its fellow digital currencies are operating in uncharted territory, and while people can draw comparisons to the currency trade or to other valuable commodities, there’s not really any exact parallel that informs us as to where bitcoin will go from here. What I can do, however, is lay out some of the key points that should go into any decision or analysis of this kind of investment.

The 2017 Surge Is Over

The 2017 surge in bitcoin was quite something to behold, even if you aren’t really interested in investment patterns, cryptocurrency, or finance. It just isn’t the sort of thing that happens very often, and those who played it correctly were surely able to make a lot of money. However, it’s important not to get caught up now in what happened a few months ago. In late January bitcoin slipped below $11,000 with all major cryptocurrencies feeling the pressure. While it may yet start climbing again as it did before, this proves beyond doubt that bitcoin is volatile if nothing else.

The Spectrum Of Predictions Is Wide

Without touching on any specific advice from high profile people in the cryptocurrency and financial investment worlds, it’s important to point out that the spectrum of predictions for 2018 and beyond has been wide. Some would have you believe bitcoin is about to crash to the point that it’s essentially worthless; others see 2017 as nothing but a tease for far greater climbs to come. Seeking advice on this sort of thing is important, but be careful not to buy into the most outlandish predictions you see in either direction just yet, because there is bound to be a credible expert making the exact opposite prediction.

The Wallet You Choose Is Important

For those who haven’t bought bitcoin before, the idea of a wallet might seem like a secondary concern. In fact, it’s an extremely important aspect of the process. Bitcoin wallets store the digital keys you use to access your store of bitcoin online (because there’s no such thing as actually possessing physical bitcoins). It helps to think of them as bank accounts or investment portfolios full of cryptocurrency. These wallets come in five forms, and analyzing those forms (desktop, mobile, web, hardware, and paper) is as important as analyzing when to buy and sell. The different types of wallets offer different security perks, different levels of convenience and ease of use, and in some cases different fees for transactions.

Regulatory News Matters

People who are looking into investments like to research the different things that might influence what happens to those investments. It’s the only appropriate way to approach things, but it’s particularly tricky where bitcoin is concerned. Because cryptocurrency is new and to some degree experimental – not to mention fully digital and fully decentralized – it would almost seem to be free from influence. What we’re learning more and more, however, is that regulatory news matters. Bitcoin is for the most part not regulated around the world, but when news breaks of a major economy (such as Japan, recently) trying to restrict bitcoin in any way, prices can drop. It’s just something to keep in mind.

Bitcoin Has No Comparison

People seem to be very eager to compare bitcoin to other lucrative commodities from the past – most typically oil and gold. However, comparisons like these tend to be simplistic and ignore the reality that bitcoin is unlike anything we’ve ever seen before. As The Telegraph put it bluntly, bitcoin is not the new gold despite its “glittering” run to close out 2017. Oil has a practical use, and gold is a tangible resource that has literally been used to back currency. Bitcoin, by contrast, is entirely made up, with its value backed by little more than its own potential. It’s a brand new concept, and one without a comparison – for better or worse.

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