ATO and ASIC OFFICIALS INVITED to SPEAK at BITCOIN CONFERENCE

Officials from the Australian Tax Office and the Australian Securities and Investment Commission have been invited to speak at Australia’s first global Bitcoin conference, which is to be held in Melbourne on the 28th and 29th of March, 2014.

The event, which is hosted by 21st Century Education Group of Companies decided to invite speakers from the ATO and ASIC following a news report that the government bodies were looking to regulate the crypto currency Bitcoin.

CEO of 21st Century Education Group of Companies, Jamie McIntyre says it is a good thing that ASIC and ATO want to regulate the digital currency and he says that he supports their initiative.

“It is only a matter of time before it happens”, says McIntyre.

“If they are planning to regulate Bitcoins, it means that they see a future for the digital currency. I am all for effective regulation and look forward to seeing it happen,” he said.

Monash law professor Dr Rhys Bollen will also be speaking at the event about potential regulation around Bitcoin.

Over a dozen speakers are flying in to speak at the conference this March. Some of the names include Jordan Kelley, CEO and founder of Robocoin; Leon-Gerard Vandenberg- expert in Defence/Technology development, fund raising & commercialisation; Jeffrey Tucker-CEO of Liberty.me and publisher of Laissez Faire Books.

To be held at the Melbourne Convention Centre inside the Trading Property and Franchise Expo (www.tpfexpo.com.au), the event will commence at 9:30 AM and will go on until approximately 6:30 PM, following which there will be Global Bitcoin Networking drinks.

Tickets for the Bitcoin conference start at $ 250, which includes free access to the Expo as well.

McIntyre believes that realistically the value of Bitcoin could go up to $ 10,000 in the next couple of years.

21st Century is also the parent company for 21st Century Bitcoin Exchange; an Australian exchange founded by McIntyre and US Company International Operations LLC. (www.bxe.com.au)

McIntyre partnered to launch a Bitcoin Exchange, amongst several other Bitcoin start-ups due to high Bitcoin demand from his 500,000-investor clients.

Recently it was reported that along with other investors, he has established a company called Australian Bitcoin ATMs. They are planning on bringing 100 Bitcoin ATMs to Australia starting with Melbourne in February followed with Sydney, Adelaide, Perth, Brisbane and Auckland in March. (www.australianbitcoinatms.com.au)

The entire rollout of the 100 ATMs is expected to be within the next 12 months.

McIntyre also recently launched the Bitcoin E-Network, which will provide online e-learning educational courses about Bitcoins via a worldwide online direct sales channel, which will accept both Bitcoins and traditional currencies and offer discounts to buy and sell Bitcoins via www.bxe.com.au

21st Century Education is setting up a Bitcoin Education Resource Centre at 222 Kingsway South Melbourne. The location will also feature a Bitcoin ATM.

In Australia, 21st Century Education Group of Companies has been one of the most vocal advocates of the digital currency. They were one of the first organisations to start accepting payments in Bitcoins.

Recently it was announced that they are offering 25% discount on some of their products if purchased by Bitcoin. They have also agreed to pay some of their employees’ salaries through the digital currency.

For More Information Visit: www.btcmelbourne.com.au

21st Century News is a daily news site publishing current affairs in the world of politics, business, finance, and property. Its popular commentary section provides a wide range of content with political opinion, celebrity profiles, market reports/analysis, and educational articles written by business, finance and property experts. http://www.21stcenturynews.com.au/ato-asic-officials-invited-speak-bitcoin-conference/

Some Of The Benefits And Risks Associated With Bitcoin

The new Bitcoin digital currency has been growing in popularity with individuals and with merchants that will accept Bitcoins as payments, and in this article we are going to examine some of the most important benefits and pitfalls associated with using Bitcoins as money. You should not listen to anybody who tells you only positive things about Bitcoins or only negative things, because there are several positive revolutionary aspects of the new Bitcoin digital currency and there are several major negative pitfalls that cannot be ignored.

The Benefits Of Using Bitcoins

One of the most important and most frequently cited benefits of using Bitcoins as money is that the entire Bitcoin system is completely decentralized, which is the exact opposite of most of the major first world currencies like the pound, dollar, and euro. This means that it is run and maintained by a global peer-to-peer computer network that will compute the advanced mathematical algorithms necessary for processing transactions and purchases. Because there is a finite number of Bitcoins in existence and there can never be over 21 million Bitcoins created, that means the digital currency is immune from inflationary pressures exerted by a central bank that is continually increasing the money supply.

The Pitfalls Of Using Bitcoins

It is essential to look at the negative aspects of using Bitcoins as well as the positive ones so that you can have a well rounded perspective of this new digital currency. One negative side effect of having your Bitcoins stored in a digital wallet is that it can be possible for your digital wallet to be hacked if your computer is infected with spyware. Another negative aspect of using Bitcoins to make purchases is that transfers of Bitcoins can never be reversed once they are confirmed in the block chain algorithm, unlike having a chargeback with a credit card purchase.

Final Conclusion On Using Bitcoins

Using the Bitcoin as real money is currently in its early adopter phase, which is the same growth curve that all new technology moves through as it gets introduced to society. If you are going to consider denominating a portion of your money in Bitcoins then it is important to be technologically literate and computer savvy so that you can protect your digital wallet and make sure that your Bitcoins never get deleted or stolen. By weighing the positive and negative aspects of using Bitcoins as money you will be able to make an informed decision about whether investing in the Bitcoin digital currency is the right option for you.

Discover the money making secrets of Bitcoin power users by clicking on Bitcoin Secrets.

This article may be reprinted with a link to http://Bitcoin-Secrets.com/

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Subscribing a Newsletter for Bitcoin News

Bitcoin news along with sound technical analysis can be a winning formula for a trader who is willing to make money from trading the cryptocurrency. It indeed is true that with time, Bitcoin’s values fluctuate, sometimes lower and sometimes higher; however, this fluctuation has also to do something with the latest Bitcoin news from around the world.

Needless to say without doing an analysis you will never know what has happened. Similarly, without reading the latest Bitcoin news you won’t be able to know what is happening around the world in the Bitcoin ecosystem. Nonetheless, guessing is the worst thing you can do and for this reason alone you should avoid such tactics while trading.

Notwithstanding what with the right trading tools like Fibonacci point calculator, pivot point calculator, charts, etc. you are able to make sound Bitcoin technical analysis. However, it is the latest and updated Bitcoin news that you should use along with fundamental and technical analysis. The decisions should be based on complete analysis and not just on one factor.

Portals for Updated Bitcoin News

It must be admitted here that notwithstanding what changes in price need to be tracked and for that you need to know where the market is headed. This is easy to do as there are portals like NewsBTC that bring the latest and updated Bitcoin news. They are also delivering the updated newsletter in the subscribers’ inboxes.

Subscribing to the latest and updated Bitcoin newsletter can be the great idea any trader may look for. With the help of the news and reviews, traders are able to make sound decisions and profit a lot. Additionally, not just Bitcoin in particular, you should know what exactly is happening in the market with the Bitcoin news.

Accurate Trading With Latest and Updated Bitcoin News

It is quite evidently clear that Bitcoin’s price keep changing depending upon the global events and policy changes. Thus, these are subject to the changes that are related to supply and demand, various other factors play major role as well. Global economy also plays a large part in value; however, you can know all these facts only when subscribe to Bitcoin news.

Traders admit that they are able to pick up patterns for technical analysis; however, for profitable trades they must find out which are the Bitcoin news that are going to matter the most.

Related Bitcoin Articles

Buy Bitcoin from Reliable Sources

Buying and selling Bitcoin is becoming popular among traders and even investors for the reason that it provides extreme volatility where profits can be made. A lot of new traders have made a lot of money trading Bitcoin. However, to buy Bitcoin and then sell it at higher exchange rate is the idea behind the entire effort to make profitable trading.

There are some sources that deliver reliable buying and selling services for users; one of them is Coinbase. Here you can buy Bitcoin with ease and without any discomfort. This first step is to sign up for a Coinbase account. This will give you a secure place to store your Bitcoin, and easy payment methods to convert your local currency into or out of Bitcoin.

The phase is when you are asked to connect your bank account where you will need to complete some verification steps before you can use the account. Once the verification steps are complete, you can start a purchase. Now, you are ready to buy and sell Bitcoin and make profitable decisions. However, you also need to do research and know latest happenings.

Buying and Selling with Bitcoin Brokers

You can buy Bitcoin from exchanges that number a dozen and more around the world; however, finding out Bitcoin brokers can be a challenge. These are the people or organizations that help you trade and make profits. You should find a broker that can offer simplicity, flexibility, capped risk, etc. when you are trading the cryptocurrency.

Needless to say reading Bitcoin brokers’ reviews you can find such a broker and know when and where to buy Bitcoin. If you are an investor you should stay invested for quite some time as the prices may appreciate slowly and gradually. Finding out a reliable brokerage firm is half job done. You must avoid any entity that smells even a little bit of fraud vibes.

Making Profits from Bitcoin Trading

You can make a lot of profit from trading Bitcoin; however, for that you must get access to a reliable brokerage firm. As it has been mentioned above trading Bitcoin only requires you predict if the price of Bitcoin will be Up or Down within a predetermined time frame. You can subscribe to Bitcoin technical analysis from portals like NewsBTC where you don’t even need to do any research; rather, the research is available for your disposal.

Find more details on how to buy Bitcoin at NewsBTC.

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Buy Bitcoin to Trade and Book Profits

Making money from Bitcoin trading is not easy; however, a lot of traders who have made it mention that a disciplined approach helps in profitable trading. Therefore, it is important for traders to know when to buy Bitcoin and when to dispose them off. Needless to say reading the updated Bitcoin news is also important for traders in their pursuit of profitable trading.

Bitcoin is world’s current front runner in the cryptocurrency and over the last couple of years has become an alternative to the mainstream currencies. Even traders have started preferring it over the other currencies when they open trading accounts. They buy Bitcoin cheap and wait for the time when it appreciates in value to sell.

Thus, the whole process of Bitcoin trading where traders are buying Bitcoin at lower exchange rate and then sell at higher though sounds easy is difficult in reality. When Bitcoin was new to the world a lot of people were suspecting its future; however, all those voices are silent as they realized later on that there is huge potential for such cryptocurrencies.

Buying and Selling Bitcoin to Make Profits

The exchange rate of Bitcoin has gone several notches up. Initially, the exchange rate of Bitcoin was around $ 5; however, later on it caught popularity and went up to $ 20 and more. However, the real fire to exchange rate came in 2012 and later years. The cryptocurrency touched historical highs in October 2013 when its exchange rate went up to $ 1200.

Those who bought Bitcoin at the initial phase were the people who profited the most from entire rally. However, even those who could not buy Bitcoin got the opportunity as the exchange rate fell dramatically. It again fell to the levels $ 200 and traded for quite some time to this level. However, now again the fire is up and the cryptocurrency trading above $ 500.

Bitcoin is a Solution the World Should Look for

If people buy Bitcoin and keep it for future, they are definitely going to make attractive returns from it as there is bright future for it. However, Bitcoin’s future ultimately rests on two major variables i.e. its adoption as a currency by a wide audience, and the absence of prohibitive Government intervention.

Least but not the last, as the Bitcoin community is growing rapidly, interest in the cryptocurrency is going up and in the near future this is going to be a huge asset.