Category Archives: Coinbits

Auto Added by WPeMatico

“2019 is the new 2017” Claims CoinBits Creator

“2019 is the new 2017” Claims CoinBits Creator

A Bitcoin millionaire is now looking at Bitcoin from another perspective after writing it off in 2018 as he now plans to tap into the market recovery with his own new company.

Erik Finman, Founder of CoinBits, a startup which allows users to buy Bitcoin by converting small fractions of real-world purchases made with a credit card into Bitcoin, is on a roll.

Finman is one of many who was quick to predict the demise of Bitcoin in 2018 after the market lost 90% of its value after its 2017 peak, but happy to pick up where they left off as the bull market gains in strength. So much so, in fact, the entrepreneur and startup CEO sees Bitcoin back to its highs of 2017 by the end of this year.

He sees Bitcoin’s latest fortunes resting on the success of Facebook’s new launch into the cryptocurrency sector along with positive press Bitcoin is getting from presidential hopefuls in the run-up to the US elections. Based on the market’s recent resurgence Finman’s latest venture CoinBits now has 10 full-time employees and 10,000 users. He comments enthusiastically:

“2019 is the new 2017 for bitcoin and cryptocurrency… hitting its stride and all the things happening in the tech and finance industry right now are boosting bitcoin and crypto. Blockchain is the cutting edge.”

However, for this to continue, Finman suggests that certain things need to improve such as lowering Bitcoin’s transaction fees and increasing speeds and halting bickering between users and suppliers. The 20-year-old who bought his first Bitcoin at the age of 12 argues that the whole view of Bitcoin as a money making scheme needs to go:

“The friends I went to high school with know the words ‘Bitcoin,’ ‘cryptocurrency,’ and ‘blockchain,’ but they don’t really understand what they mean. They know Bitcoin as a get-rich-quick tool and little more. That needs to change if Bitcoin is going to be around much longer.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post “2019 is the new 2017” Claims CoinBits Creator appeared first on BitcoinNews.com.

Bitcoin Wonderchild Launches Crypto Investment App

Bitcoin Wonderchild Launches Crypto Investment App

Erik Finman, nicknamed the Wunderkind, has just launched a new application that he claims will change the way people invest in cryptocurrency, according to an interview with Cheddar.

Finman made his fame and fortune as a teenager, when he was one of the earliest investors into Bitcoin. Before he turned 18, he was already a Bitcoin millionaire. His now legendary story of how, when he was 12, he invested his grandfather’s USD 1,000 gift into Bitcoin (worth USD 10 at the time) continues to inspire others the world over.

CoinBits: Bitcoin investing on autopilot https://t.co/ayg7I8Z26k pic.twitter.com/3GtoPUEiSa

— ERIK FIN (@erikfinman) May 23, 2019

The boy wonder hasn’t splurged his wealth, as it turns out. Instead he has created Coinbits, a new app that uses dollar-cost averaging strategy to help people invest into Bitcoin. The strategy is touted by many as a simple yet effective means to ensure consistent Bitcoin accumulation for the average investor.

With Coinbits, users don’t even need to do anything as their daily purchases will simply be rounded up to the nearest dollar, with the change automatically used to buy fractions of Bitcoin.This micro-investment solution, according to Finman, solves one of the huge hurdles of crypto market entry: that’s it’s still too complicated:

“This just allows people to get their feet wet, and that’s the most important thing.”

Finman is obviously a huge believer of Bitcoin but says that today, its best use is still as “digital gold” for emergencies like what was happening in Venezuela amid a collapsing economy:

“I think it’s better as a hedge against bad things happening in the world.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Bitcoin Wonderchild Launches Crypto Investment App appeared first on BitcoinNews.com.