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Twitter CEO, Jack Dorsey Now Buys $10K Of BTC A Week

by Will Long | Mar 7, 2019 | Bitcoin, blog, News

Jack Dorsey, Twitter CEO stated on a recent podcast that he is maxing out the limits on the Square Cash App and purchasing $10,000 dollars of Bitcoin a week.

TIL @jack is maxing out the weekly $10k BTC buy limit. I guess smart money has been loading up on cheap BTC all along. https://t.co/zs1R04zn45
— girevik (@girevik_) March 4, 2019

If the Twitter CEO wants to buy more Bitcoin, we suggest he turn to Coinbase. Buy and sell limits are much higher.

On Coinbase regular users can purchase $25,000 a week. Verified users can purchase $25,000 a day. But once the funds are in your Coinbase wallet, there are no buy or sell limits.

What Jack Dorsey, Twitter CEO is likely doing is simply a dollar cost average strategy. Dollar cost averaging (DCA) is an investment strategy where a large purchase of a financial asset like an equity or cryptocurrency is spread out over time with the goal of reducing the impact of volatility.

From newsbtc.com:

“In a surprising turn in the conversation, he explained that he purchased $10,000 worth of Bitcoin, which currently amounts to 2.7 BTC, over recent weeks, and could do the same again in the following. Doing some napkin math, this works out to around $520,000 in cryptocurrency purchases a year (considering he doesn’t go over that amount or purchase any other digital assets) — or about 0.0928% of his $5.6 billion net worth. Although this isn’t a relatively large amount percentage-wise, it shows that Dorsey is looking to accumulate for the long haul, as he dollar-cost averages in.”

Twitter CEO, Jack Dorsey Discusses Bitcoin On The Joe Rogan Podcast:

Are you ready for the next crypto bull run? Many investors are using strategies like dollar cost averaging to build a diversified portfolio in preparation for the next major price movement. Stay tuned to the Bitcoinshirtz blog for the latest news from the Bitcoin and blockchain industry. 👍

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Coinbase Will Add More Altcoins In 2018

by Will Long | Dec 27, 2017 | Bitcoin, Bitcoin Cash, Cryptocurrency, Dash, News

Coinbase is one of the most popular websites to buy cryptocurrency. We are now hearing that Coinbase will add more Altcoins in 2018.

from ethereumworldnews.com

“In an interview with CNBC, Coinbase co-founder and CEO Brian Armstrong discusses how bitcoin and other cryptocurrencies are becoming Stock Market 2.0. Armstrong also notes that Coinbase will be adding several new cryptocurrencies in 2018 to go along with the three they currently offer — Bitcoin, Ethereum, and Litecoin.”

Coinbase CEO Brian Armstrong:

“The ones that are the most exciting to us that we have on the platform today are bitcoin, ethereum and litecoin, but there’s many more that are going to be added to the platform in 2018 and I think this is going to be a really exciting space for all kinds of institutional investors to make money.”

Which Altcoins Will Coinbase Add?

We are not certain, but if we had to guess we would say that the best contenders are Bitcoin Cash, Ripple, Iota, Dash, and Monero. (in that order).

We are huge fans and supporters of all these altcoins except Ripple. Ripple (XRP) is a token on a centralized blockchain and for supporters of central banks.

Here are their prices as of 12/27/17

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How To Purchase Bitcoin With Coinbase

by Will Long | Apr 3, 2017 | Bitcoin, blog, Facts

In this post, we will show you exactly how to purchase Bitcoin with Coinbase.

TL/DR [Too Long, Didn’t Read]

Go to Coinbase.com
Signup and create a digital currency wallet.
Connect your bank account, debit card, or credit card.
Purchase either Bitcoin or Ethereum, easily and securely.

About Coinbase:

Coinbase is a reputable digital currency platform. Founded in 2012, the company is currently based out of San Francisco, California.

Coinbase is well known for allowing people to buy Bitcoin, but as of 2017 Coinbase fully supports Ethereum. This is great news, as the company has announced that they want to support even more cryptocurrencies in the future.

Is It Secure?

Yes Coinbase is secure. It is worth noting that the majority of their digital assets are in secure offline storage.

Coinbase technically holds the digital assets for you. If you want complete control of your digital currency tokens. We suggest the more advanced Exodus Wallet.

Coinbase also offers wallets for Android and iPhones. This allows you to access your account securely from different devices, which can be handy. Coinbase utilizes the authy app to complete 2-factor verification.

Customers of Coinbase can be at ease. All the digital currency stored on Coinbase servers is covered by an insurance policy.

Several members of the Bitcoin Shirtz team use Coinbase. We have yet to have an issue with the Coinbase platform / company. And we don’t expect to.

Video Tutorial:

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Coinbase Will Support More Cryptocurrencies In 2017

by Will Long | Jan 19, 2017 | Bitcoin, News

It has been announced. The US based Bitcoin and Ethereum exchange, Coinbase will support more cryptocurrencies in 2017!

Co-founder and CEO at Coinbase, Brian Armstrong, announced the news in a recent blog post:

“As we kick off 2017, I think it’s important for Coinbase and GDAX to continue supporting more crypto currencies. We are no longer just a Bitcoin company. We are a digital currency company.”

He went on.

“It’s incredibly difficult to predict the future and the digital currency industry is no exception…Rapid change seems to be the only certainty. For this reason, you’ll see Coinbase and GDAX continue to support more crypto-currencies in 2017. As the most popular retail exchange (Coinbase) and institutional exchange in the U.S. (GDAX), we want to make it easy for people to use all types of digital currencies.”

“I think an open payment network is where the greatest potential lies for digital currency to improve the world (hence our mission at Coinbase: to create an open financial system for the world). But I’ve come to accept that Bitcoin may not fill this role, and that is ok. It is still a very valuable technology in the world as an asset class, and that is perfectly fine”

“Our goal going forward is to not play favorites, or support one digital currency more than any other, but simply to make it easy for customers to buy and sell whatever digital currencies they want. In this way, we can help support growth of the entire digital currency industry”

It is clear that the crypto industry is still in it’s infancy. And it is good that the people at Coinbase realize this.

Bitcoin is not the end all be all. Ethereum is shaping up to be a competitor, but the market will bring many more blockchain based currencies to fruition. Coinbase is prepping to provide more value to a larger number of people. We commend them for this.