Some notes on creating and using Bitcoin paper wallet

- Do not let anyone see your wallet, keep it as carefully as your identification

- Use quality ink but not internet connection

- Application to scan QR must be in good condition, not infected with virus

- Can decal for better preservation

Bitcoin archives are essentially non-identifying, so no one knows where you are, and how many Bitcoins there are. When you cheat on your friends, or on social networks, you reveal your identity and can become the bad guys.

Be careful when disclosing to anyone about your Bitcoin investment. If necessary, you should only disclose to a few relatives whom you trust absolutely. In the event of a breakdown, your loved one may be able to replace your current Bitcoin number.

The formula for calculating capitalization is simple but it's easy to mislead others: multiply the number of bitcoin (or any coin altcoin) that exists at its current price.

Up to now, the market capitalization of bitcoin is about $ 260 billion, according to Coinmarketcap. That does not mean, however, that $ 260 billion is in place and will be distributed to people holding bitcoins.

Actually, when the bubble breaks and everyone wants to get out of their pocket money, the total amount of money to divide will never be greater than the total amount that was poured into the bitcoin, and that number is small. A lot, much more than the current market value.

It is not crazy at all to assume that our current financial system will soon be replaced by cryptocurrency, and this change will bring major changes to the global economy.

MLM lending cryptocurrency as BitConnect does not create any real value. Therefore, these crypto can not generate profit for platforms paid to investors every month. So where does this money come from?

The first is from the value of Bitcoin. When participating in MLM Lending models, investors will have to transfer Bitcoin and buy the crypto of the Lending platform such as BitConnect to participate. Investors will keep Bitcoin, and the value of Bitcoin will increase dramatically in 2017. In fact, the amount of interest that investors receive is only a fraction of the value of Bitcoin.
Followed by the coming investors. This is typical of the Ponzi model - the most famous scam model in history. The lender will take the investor's money later to pay interest to the investor first. Thus creating a pyramid model, the multi-level MLM factor will help attract more new investors to participate.

So what happens when the Bitcoin value does not grow exponentially and the MLM Lending platforms have no new entrants? That's what happened with Bitconnect.

It is inevitable that these systems will no longer be able to pay interest to former investors. MLM Lending is actually a form of blood drawing of investors to feed the investor, without any value being created.

The electronic money market is in a gloomy state with sell-offs from the beginning of the year continue to last. According to Coinmarketcap, Bitcoin prices have fallen around $ 12,500, the lowest since December and down 30% from the peak set in mid December. Deep discounts are also common in other electronic currencies, with ripples down 24%.

Bitconnect's internal trading floor will be temporarily closed within 5 days. The question is how investors can resell the bundled coin that was paid for capital recovery.

Yesterday, the price of a bit copper fluctuated around 240 dollars, while a week ago reached a record $ 400. However, as soon as this announcement was made, the price had fallen dramatically to $ 35.