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An ultimate beginners guide to cryptocurrency

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An ultimate beginners guide to cryptocurrency

According to the latest data, as of March 2020, the total market value of bitcoin was $99,257,557,910. As one of the most volatile yet popular global currencies, investing in bitcoin or deciding to buy cryptocurrency for that matter should be strategic and well researched as the value can change with short notice.

However, investing in the right way can be highly rewarding. For first time investors in cryptocurrency, knowing what you’re doing is crucial. Here’s some information to get you started.

What is a cryptocurrency?

A cryptocurrency is a type of digital currency and form of payment than can be used to purchase goods and services online. In addition, it is quite often used for stock market investment, in which real currency will need to first be exchanged in order to get hold of your cryptocurrency.

Some forms of cryptocurrency such as popular bitcoin operate with blockchain technology, which is decentralised across the many computers that manage and record transactions. There are more than 2,200 cryptocurrencies out there in the world as of 2020, meaning that choosing one can be a hard decision. 

How to buy cryptocurrency

To buy cryptocurrency, you will first need to invest in a ‘wallet’, which is an online app that can hold your cryptocurrency. The general process requires that you sign up to an account on an exchange, which then grants you access to trade real money for your chosen cryptocurrency such as bitcoin or ethereum.

A good place to start is to find a site that allows you to create a wallet and both buy and sell cryptocurrency. In addition, some cryptocurrencies require you to purchase them using another form of cryptocurrency such as bitcoin; for this reason, it’s good to do your research thoroughly before deciding on which ones to invest in.

Who accepts cryptocurrency?

According to statistics, 66% of all payments in the UK are now made via contactless payment, meaning that there has never been a better time to invest in a cryptocurrency. What’s more, nearly 5.4 million people never use cash, and by 2028, cash payments are set to account for just 9% of all payments. This indicates that more and more providers are beginning to transition into the digital revolution, creating huge possibilities for those investing in cryptocurrency.

From retail providers to hotels, travel companies and even car parks, more and more places than before are now starting to accept certain types of cryptocurrency.

The pros and cons of cryptocurrency

One of the fall-backs of cryptocurrency is that you need to be in it for the long run as market values can continually fluctuate. In addition, similar to real currency, cryptocurrency does not generate cash flow, meaning that if you want to make a profit then someone needs to pay more for it than you initially did.

Differentially, many people see the value in cryptocurrency due to its decentralisation. With real-life currency that belongs to a bank, it’s value can decrease over time, yet since cryptocurrency is not owned by the bank, it is less likely to lose value.

What’s the future of cryptocurrency looking like?

Whilst the cryptocurrency market is highly volatile, it does show some promising potential and if you do your research, invest correctly and are in it for the long run, then the odds may be in your favour.

Norfolk Day celebrates everyone called Bob

The Editor
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Norfolk Day celebrates everyone called Bob
Norfolk mugs where Bob is not necessarily just your uncle

By Ian Bred, Norfolk Correspondent

Norfolk Day means men called Bob are being celebrated across the county today.

It is a well-known fact that in Norfolk, Bob is not necessarily just your uncle.

Now special, exclusive, not-available-anywhere else Norfolk mugs are commemorating the special role for hard-working Bobs.

They have many family responsibilities, as well as looking after their turnips.

You can buy one of these special mugs from our partner DirtyOldGoat.com, and gift it to a friend who comes from Norfolk.

Dirty Old Goat marketing director Lorraine Fisher, 34, said: “They will really appreciate it.”

Buy a Norfolk mug below

Spain self-isolates after coming into contact with Grant Shapps

The Editor
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Spain self-isolates after coming into contact with Grant Shapps
Grant Shapps
Outbreak of Grant Shapps hits Spain (Photo: Richard Townshend under CC BY 3.0)

Spain has been forced into two weeks of quarantine after coming into contact with Grant Shapps.

Despite Britain being in the grip of a health and economic crisis, the Transport Secretary thought this was the perfect time to go abroad on holiday.

But now Spain is paying the price, with residents caught out by the sudden isolation order.

Local person senorita Lorrainez Fisher, 34, said: “We thought things were improving and then a British cabinet minister turned up.

“We were told the outbreak of Shapps was under control, but it seems we were misled.”

Shapps is an irritating virus. Symptoms include loss of mental faculties and complete loss of a sense of irony.

Don’t be a mug like Mr Shapps, buy one instead

You can view the selection here and buy from our partner, Dirty Old Goat.

Tooth fairy leaves castle under lucky boy’s pillow

The Editor
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Tooth fairy leaves castle under lucky boy’s pillow
Prince George tooth fairy leaves him a palace
Generous tooth fairy surprises youngster (Photo: Duchess of Cambridge)

A young boy woke up one morning to find the tooth fairy had left him a castle and several estates under his pillow.

George, seven, lost several teeth but looked forward to a visit from the tooth fairy, perhaps hoping to find a coin with a picture of his great-granny on one side.

But instead, he was delighted to find a massive castle and lands beyond his wildest dreams.

Children’s fairytale author Lorraine Fisher, 34, explained: “It’s a lovely story, but don’t believe everything you read.

“There is no such thing as the tooth fairy. And there is no need to feel bad about that – this boy will soon be left more than one castle anyway.”

Would one care for a mug?

We have lots of great gift items from our partners, Dirty Old Goat. You can select one here…

Newmarket racing over the next three weekends

The Editor
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Newmarket racing over the next three weekends
Newmarket races
Newmarket races (Photo: John5199 under CC By 2.0)

Whilst racegoers are still unable to attend race meetings in the UK the Sport of Kings still goes on behind closed doors and local course Newmarket will be in the thick of the action over the coming weeks. 

This weekend the racing gets underway at midday on Friday 24th July and features a very competitive eight-race card whilst Saturday starts 30 minutes later but has an amazing nine races! 

The King George VI and Queen Elizabeth Qipco Stakes at Ascot is the big race this coming weekend, expect Enable trained locally by John Gosden to be favourite for that. York also has top racing on Saturday meaning that Newmarket does not make it onto the ITV racing show and can only be viewed by watching RacingTV or by watching one of the many bookmaker racing live streams. 

The official going is still good to firm for Newmarket as it should be in July and not a lot of rain forecast going forward. 

Racing will also be staged behind closed doors at Newmarket on Saturday 1st and Saturday 8th August with local residents asked not to use the local heath for their own exercise whenever racing is taking place because of the obvious dangers. 

Of course, up to two owners per racehorse are currently allowed to attend race meetings where they have a runner under current guidelines introduced by the British Horseracing Authority (BHA) earlier this month. Prime Minister Boris Johnson did hold out hope for racegoers in general earlier this week when he suggested that by October it might be possible to begin allowing crowds to attend large events again. 

Glorious Goodwood next week will act as a Test Event and allow some paying racegoers with other Test Events also planned for cricket and snooker. 

Setting out the next stage of the Government’s coronavirus recovery plan Johnson stated: “From October we intend to bring back audiences in stadia and allow conferences and other business events to recommence, again these changes must be done in a COVID-secure way subject to the successful outcome of pilots.”

Racing fans will be hoping that the big Autumn events at Newmarket including the Cambridgeshire and Cesarewitch may yet take place in front of packed stands on the Rowley Mile.   

Facebook now offers to translate Suffolk dialect

The Editor
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Facebook now offers to translate Suffolk dialect
Suffolk dialect is now translated by Facebook
The Suffolk dialect is now translated by Facebook

Facebook has added the Suffolk dialect to its translation services to help browsers understand what we are saying.

The Suffolk Gazette can reveal the social media giant now recognises Suffolk as an official language.

Whenever you now come across ramblings from a yokel, you can ask Facebook to translate it.

Our investigation was launched after keen Suffolk Gazette Facebook followers noticed the new translation option under messages scrawled by country bumpkins.

Study the screen shot above, and you’ll see the message: “Leaf im aloane, es oroight” has a helpful ‘See translation’ option.

Facebook languages manager Lorraine Fisher, 34, explained: “We are trying to be as inclusive as possible, so thought it about time the rest of the country could understand what on earth Suffolk people were blathering on about.”

Suffolk is now given the same respect as language behemoths like Spanish, Chinese and Australian.

Buy this Suffolk dialect mug

You can learn Suffolk for yourself with this brilliant mug from our partner, DirtyOldGoat.com

Prince Andrew thinking about calling Manchester City lawyers

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Prince Andrew thinking about calling Manchester City lawyers
Prince Andrew promotion
Legal debriefing (Photo Thorne1983 Creative Commons)

Prince Andrew is trying to find the phone number for Manchester City’s legal team.

The lawyers managed to get the club readmitted to the Champions League, overturning a two-year ban on European football.

The Duke of York was impressed with the decision and wants to speak with the legal team, just in case he needs any legal help any time soon.

Royal insider Lorraine Fisher, 34, explained: “Prince Andrew was surprised with how Manchester City was able to overturn the European ban for allegedly breaching financial fair play regulations.

“He thinks the club must have had a smart legal team.

“Just in case he finds himself in a spot of bother, which is obviously very unlikely, he thinks it wise to have some good legal advice.”

The Court of Arbitration for Sport ruled in Manchester City’s favour this week. As well as lifting the ban, the club’s fine was dropped from 30 million to 10 million euros. City had always denied any wrongdoing.

In other news, Jeffrey Epstein’s pal Ghislaine Maxwell has been remanded in a hell-hole US prison for a year before her expected trial date.

Topical mugs with free handles

Buy a topical mug from our partner, Dirty Old Goat. Nice mugs for you or as a gift:

Boris Johnson loses his horse

The Editor
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Boris Johnson loses his horse
Boris Johnson closedthe stable door after the horse bolted
Have you seen Boris Johnson’s horse?

Ex Prime Minister Boris Johnson has lost his horse because he closed the stable door after it bolted.

He is now wondering why he has no horse when everyone else has theirs.

The news comes on the same day the Government announced face masks would be compulsory in shops from July 24.

Downing Street equine expert Lorraine Fisher, 34, explained: “Mr Johnson realised he had left the stable door open.

“He decided to close it, but it seems his horse had already legged it.

“We have gently tried to tell him that perhaps it might have been better to close the stable door before anything bad happened.”

If you have seen the white horse, which goes by the name of Wiff Waff, please alert the nearest policeman.

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