Tony Robbins Uses Personal Marketing Blog To Explain Bitcoin To Consumers

Tony Robbins Uses Personal Blog To Explain Bitcoin To Consumers

The trouble with investing in the cryptocurrency industry this year has been primarily a lack of information. There is plenty of people that are investing in the industry already, but consumers that lack knowledge of bitcoin and the rest of the industry tend to resist investing more. Tony Robbins acknowledged the shared problem on a Twitter post today, on December 30th, 2018.

The post said,

“What the heck is bitcoin, and how does it work? Find out here.” His post links directly to his personal website, where the New York Times #1 best-selling author described the information that consumers need to know about Bitcoin. He calls Bitcoin a “brand new concept,”

Noting that the lack of understanding is primarily due to the lack of information.

He starts off simple, with Bitcoin being categorized as a crypto-currency. He explains the concept of a cryptocurrency, adding,

“The value of bitcoin fluctuates wildly based on supply and demand and its perceived value.”

The blog notes that the current value is $9979 for Bitcoin, though that is a sign that the blog is fairly old, considering that the last time Bitcoin held that value was over a year ago. Today, as of 5:45pm PST, Bitcoin is priced at $3,845. Robbins notes that Bitcoin is limited in its supply, since no more than 21 million Bitcoin will ever be created.

Next, Robbins takes on the blockchain, explaining that the record of every transaction is held on this public ledger. Elaborating, the article said,

“It’s a little like solving a riddle in a computer game that then reveals a part of the game that was previously inaccessible. In return for solving those problems, the computer’s owner receives bitcoins. The mathematical algorithm adjusts in level of difficulty so that bitcoins are not released into the world too quickly. This process is known as mining.”

He says that anyone with a computer and the ability to “solve an algorithm” can mine tokens. Miners have increased through the last year, and miners receive rewards for validating transactions. Robbins also notes that Bitcoin is different from past currencies in that it is decentralized.

A decentralized currency is run by the people on it, rather than a single entity. Accounts can never freeze, a central power cannot alter the value, and it can be used anywhere. At the time of the article, Robbins formerly said that these digital assets cannot be taxed. However, an editor’s note says,

“In the U.S. bitcoin is currently taxed as a capital asset. Miners who produce bitcoin must declare the fair market value of their digital currency on the day it was mined as income, as do contractors who are paid in bitcoin.”

The article concludes with pondering the reasons for Bitcoin showing up in the news lately. However, since the article, the industry now knows that there are plenty of reasons that Bitcoin has been in the news, including the volatility, the thefts, and the current debate over the true bottom price. However, he ends on this note:

“If bitcoin adoption continues to grow, the financial structure as we know it will be altered — but no one still really knows how.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Binance & Huobi to Let Traders Short Dogecoin’s Delirious Gains, Bitfinex Jumps on Board Too

This week, the coin that ignited the altcoin rally is Dogecoin, which has jumped 130% in less than four days. The 27th largest cryptocurrency soared...

Libra Association’s Policy Director: Multi-Currency Backed Stablecoin Vision Still on Track

Libra has not abandoned its original vision of launching a multi-currency backed stablecoin, according to the organization's Policy Director, Julien Le Goc. Speaking during...

Coinbase Planning for Stock Market Listing that Could Happen as Early as This Year: Report

US-based cryptocurrency exchange Coinbase Inc. has kicked off its plan for a stock market listing that could come as early as this year. The crypto...

Is It Time for Chainlink (LINK) to Retract or Is There Still A Lot to Fuel This Fire

The 12th largest cryptocurrency by market cap has been hitting new all-time highs almost every day this week. The new peak is $6.53, and...

89% of Hodlers Are Worried About Their Crypto, But Only 23% Have A Plan For After Death: Report

An online research report by "after-life" investment experts firm, Cremation Institute, found out nearly 90% of cryptocurrency investors worry about losing their funds...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today