Over the past few months, the Baltisee Virtual Unit Team has been hard at work enhancing our online platform. Through repetitive testing and incorporating your valuable feedback, we’ve made significant improvements to ease the experience of purchasing Cryptocurrency! 

Now, making purchases on our platform is easier than ever, we offer Interac payment allowing you to instantly purchase your cryptocurrency! We also support other payment methods with Visa, Mastercard, and Google Pay with the online platform. Available cryptocurrencies for purchase include Bitcoin, Ethereum, and Litecoin, that can be seamlessly deposited into your crypto wallet.

To get started, simply create an account and complete the necessary steps for identity verification, email verification, and two-factor authentication (2FA), ensuring maximum security for your transactions. Once your account is set up, navigate to the “Purchase Crypto” tab on our website, select the cryptocurrency you wish to purchase and the amount, and enter your cryptocurrency wallet address to receive your purchase directly to your mobile wallet. Easy!

Start exploring the new capabilities of our platform today! If you have any questions, feel free to reach out to our support team at 1 855 499 1149, or by email at support@baltisee.org!

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The U.S. Securities and Exchange Commission (SEC) has recently approved the listing of ETFs that invest in the cryptocurrency Ether, a move facilitated by thorough reviews of applications from Nasdaq, Cboe Global Markets, and the New York Stock Exchange. 

These spot Ethereum ETFs align with the requirements of the Securities Exchange Act, although the SEC must still approve individual asset manager applications before trading can begin. 

This development comes on the heels of the SEC’s cautious approval of bitcoin ETFs and has been well received by the crypto community and asset managers eager to launch these funds, such as VanEck. Spot Ethereum ETFs offer investors a way to gain exposure to Ether without directly purchasing or managing the digital asset. 

This is significant as Ether underpins the Ethereum network, a platform for smart contracts and decentralized applications, and is the second-largest cryptocurrency by market capitalization.

It’s important to note that owning an ETF does not provide the same anonymity or direct utility as owning actual Ethereum, which may influence investor decisions

However, if you are seeking to purchase Ethereum. Baltisee Virtual Unit can offer payments via Kiosks, Online Portal and our Over the Counter Platform for large transactions!

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On May 22, 2010, Florida resident Laszlo Hanyecz made what is considered the first real-world transaction using Bitcoin by purchasing two Papa Johns pizzas for 10,000 bitcoins (BTC).

 At the time, these bitcoins were valued at approximately $41 USD, making each bitcoin worth just under $0.10. Fast forward to today, and those same coins would be worth around $700 million, given the current Bitcoin price of about $70,300 USD. This transaction not only represents the most expensive pizza purchase in history but also marks a pivotal moment for the adoption of digital currencies.

This day highlights the humble beginnings of crypto commerce and its evolution into a revolutionary force in the global financial landscape. Bitcoin and other cryptocurrencies continue to demonstrate their potential to transform how we conduct transactions, promising a more diverse and innovative financial future.

In celebration of this groundbreaking event, Baltisee Virtual Unit invites you to explore the world of cryptocurrencies. You can make purchases through our kiosks across Canada, our online platform, or our Over-The-Counter (OTC) service for larger transactions.

Join us in commemorating a key milestone in the world of Cryptocurrency!  

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Investing in financial markets presents individuals with the choice between traditional stocks and the rapidly evolving world of cryptocurrencies. Understanding the distinct characteristics of each can guide better investment decisions.

Asset Types 

Cryptocurrencies are digital or virtual currencies secured by cryptography, operating independently of central banks and governments. They include a broad spectrum of digital assets, with popular examples like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). They function as decentralized currencies, digital commodities, or tokens that provide access to decentralized applications (DApps).

Stocks represent ownership in a company, giving shareholders rights to a portion of the company’s earnings and assets. Stocks have been a staple of investment portfolios for decades. Examples include Apple (AAPL), Tesla (TSLA), and Microsoft (MSFT).

Market Maturity and Regulation

The cryptocurrency market is relatively young, still evolving, and largely unregulated, although jurisdictions are increasingly implementing rules and oversight. This nascent stage leads to high volatility driven by speculative trading, technological innovation, and shifting market sentiment.

In contrast, stocks are well-established and heavily regulated by government agencies like the U.S. Securities and Exchange Commission (SEC). The stock market is mature and less volatile compared to crypto, with market movements driven by economic data, company performance, and geopolitical events.

Investment Strategies and Accessibility

Cryptocurrency investment strategies range from holding (HODL) and staking to decentralized finance (DeFi), which involves lending or providing liquidity to earn interest or rewards. Day trading is also popular due to high volatility. Investors need a crypto wallet and access to crypto exchanges, where trading happens 24/7.

Stock investors can choose from a range of strategies like dividend investing (focusing on high-yield companies) and technical analysis-based day trading. Trading stocks requires a brokerage account, and most exchanges have specific market hours.

Risks and Challenges

Cryptocurrency investors face potential risks:

• Regulatory Risks: Government bans, regulatory crackdowns, and unclear legal frameworks.
• Market Manipulation: Pump-and-dump schemes and market sentiment swings.
• Lack of Fundamental Valuation: Valuation is mostly speculative and based on supply-demand dynamics.

Stocks also come with their own challenges:

• Market Risks: Economic downturns, inflation, interest rate hikes.
• Business Risks: Company bankruptcies, poor management decisions.
• Regulatory Risks: Regulatory fines, compliance issues.

Potential Returns and Growth

Cryptocurrencies offer the potential for massive returns due to their high volatility and rapid growth, driven by technological advancements in blockchain and decentralized finance. For instance, Bitcoin grew exponentially from less than $1,000 to over $60,000 within five years.

Stocks have historically provided consistent long-term returns, with high-growth sectors like technology offering significant gains. The S&P 500 Index, a common benchmark, has averaged annual returns of around 10% over several decades. Some individual stocks have outperformed significantly, such as Apple or Amazon.

Diversification

Diversifying within the crypto market can be challenging due to the high correlation among major cryptocurrencies. However, investors can gain some diversification by investing in different blockchain projects, tokens, and decentralized finance protocols.

Stocks offer broader diversification options across sectors, industries, and geographies. Investors can access a mix of growth, value, and dividend stocks, reducing portfolio risk.

Tax Implications

Cryptocurrencies are taxed as property, with gains dependent on the holding period (short-term vs. long-term capital gains). Staking, mining, and airdrops can add complexity to tax reporting.

Stocks are subject to capital gains taxation based on the holding period, while dividends are taxed at ordinary income or qualified dividend rates.

Now to finally compare, cryptocurrencies offer high growth potential but come with significant volatility, security risks, and regulatory uncertainty. Stocks provide a more stable investment environment due to established regulation and historical consistency in returns. Ultimately, the choice between the two depends on an investor’s risk tolerance, investment horizon, and diversification goals.

Investors looking for high potential returns with a tolerance for risk may find cryptocurrencies appealing, just like Baltisee Virtual Unit does! 

Those seeking stability and long-term growth through diversification may lean towards stocks. A balanced portfolio that includes both asset classes can offer the best of both worlds. Therefore Baltisee Virtual Unit can offer payments via Kiosks , Online Portal and our Over the Counter Platform for large transactions!

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What exactly is a halving? It’s the process where the reward for mining new bitcoins is halved, decreasing by 50%. This reduction impacts miners who employ a complex, energy-consuming process to unlock new tokens on the blockchain.

Occurring every four years just like the Olympics, the halving aims to slow the rate at which new bitcoins are introduced into the market, capping the total supply at 21 million. This artificial scarcity is designed to preserve Bitcoin’s value.

Approximately every four years, the blockchain network adds 210,000 blocks, a benchmark set by its creators to systematically decrease the rate of cryptocurrency issuance. By March 2024, roughly 19.65 million bitcoins were in circulation, leaving only about 1.35 million yet to be mined.

The first halving took place in November 2012, reducing the reward from 50 to 25 bitcoins per block. Subsequent halvings in July 2016 and May 2020 further reduced it to 12.5 and then 6.25 bitcoins, respectively. The next halving will decrease the reward to 3.125 bitcoins per block, marking a pivotal moment that could drastically alter the mining landscape, affect profitability, and spur advances in mining technology.

Source: Glassnode as of 4/10/2024. .A Terahash represents 1 trillion hashes per second. A Exahash represents 1 quintillion hashes per second. Past performance is not a guarantee of future results (Source)

Bitcoin’s halving underscores its limited, decentralized nature and reinforces its appeal as a secure investment, further shaping its role in the modern financial arena. Therefore, to be ahead of this event, why not go to a Baltisee Virtual Unit Kiosk to make a purchase for this glorious event! 

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#Bitcoin is officially back:

The price of Bitcoin just jumped from $60,000 to $63,500 in under 4 hours.

From a psychological and technical perspective, the break above $60,000 was crucial and sparked short covering.

As we noted in our premium service, key technical levels can… pic.twitter.com/7VWYrEoxTi

— The Kobeissi Letter (@KobeissiLetter) February 28, 2024

Bitcoin’s impressive ascent to over $63,000 symbolizes not just a recovery, but a robust bullish trend, rekindling investor optimism. Experts suggest that Bitcoin is not only retracing its steps but also setting the stage for potentially reaching its previous all-time high.

Amidst this exhilarating climate, Baltisee Virtual Unit emerges as the perfect partner for those seeking to capitalize on Bitcoin’s momentum. Our online portal offers a seamless entry into the world of Bitcoin, catering to both novices and seasoned traders. Baltisee Virtual Unit is committed to providing a straightforward, secure platform, enabling users to effortlessly purchase Bitcoin and join this revolutionary financial movement.

As Bitcoin continues to redefine the boundaries of digital currency, Baltisee Virtual Unit stands ready to guide you through every step of your investment journey. Join us in embracing the future of finance, powered by the groundbreaking potential of Bitcoin.

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Now in 2024, Craig Wright, an Australian claiming to be the Nakamoto, ignites a firestorm of controversy within the crypto community. This claim has led to a legal showdown in the United Kingdom, where the Cryptocurrency Open Patent Alliance (COPA) is challenging Wright’s assertion. COPA argues that Wright’s litigious behavior, based on his claim as Bitcoin’s creator, is deterring developers from the project and seeks a court declaration to refute his claims definitively.

Wright’s attempt to substantiate his claim has been heavily questioned, most notably through a video  demonstration due to apparent inconsistencies and questionable evidence. COPA’s legal team, led by Jonathan Hough, presented compelling evidence that contradicted Wright’s narrative, highlighting the discrepancies in his account.

The courtroom narrative was replete with contradictions and challenges to Wright’s credibility, leaving many questions about Bitcoin’s origins unanswered. Despite the legal entanglements and the quest to uncover Nakamoto’s identity, the interest in Bitcoin remains high.

For those looking to engage with Bitcoin away from the courtroom drama, Baltisee Virtual Unit’s Bitcoin Kiosks and online platform offer a straightforward and accessible means to purchase cryptocurrency.

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This development is particularly meaningful considering the recent history of the cryptocurrency market, which has seen price volatility and the collapse of several crypto firms. However, the approval of Bitcoin ETFs has been long anticipated and is seen as a positive step towards mainstream acceptance. It has coincided with a surge in Bitcoin’s price and has had a knock-on effect on Ethereum, with its price also rising amid speculation of potential Ethereum coins.

For those interested in exploring the world of cryptocurrency, the Baltisee Virtual Unit online platform and ATM kiosks across Canada offer a user-friendly and accessible option for purchasing Bitcoin and Ethereum. This provides an excellent opportunity for Canadian investors to engage with these leading cryptocurrencies in a convenient and secure manner. For more information and to get started, be sure to visit the Baltisee Virtual Unit website.

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Bitcoin’s price in the last six months, between April 2023 and August 2023 | Source: YCharts

Bitcoin’s Price Stability Amidst Turmoil

This period of stability is particularly noteworthy given the circumstances surrounding the cryptocurrency landscape. Large traditional financial institutions like BlackRock have sought approval for ETFs linked to cryptocurrencies. The SEC, despite facing legal hurdles, has continued its engagement with the crypto industry, and the Federal Reserve is actively exploring the potential of a U.S. Central Bank Digital Currency (CBDC) while considering increased regulations for crypto-involved banks.

While some suggest that this stability stems from investor apathy and exhaustion, this is an oversimplification that overlooks key drivers within the crypto ecosystem. For instance, despite the calm surface, there has been a surge in both the hash rate and network growth, as indicated by research from BTC.com. This underlying activity suggests a robust foundation beneath the apparent tranquility.

Furthermore, an article from Glassnode reveals a three-year peak in the number of addresses holding 10 or more Bitcoins, including whales, who are investors who own between 1,000 and 5,000 BTC. This surge in ownership showcases investor confidence and highlights a healthy ecosystem that continues to attract new participants.

An Evolving TradFi Landscape

The traditional finance sector (TradFi) is also showing increasing interest in the crypto sector, signifying a transformative shift. The recent surge in products and services, including multiple ETF applications, is not only indicative of TradFi’s investments but is also intertwined with the reduced price volatility around Bitcoin. Lower volatility serves as both a driver and a consequence of TradFi’s growing involvement, fostering stability that aligns with the expectations of passive investors and automated trading algorithms.

Beyond Bitcoin: The Expanding Crypto Universe

It’s important to recognize that the cryptocurrency sector is not confined to Bitcoin alone. While Bitcoin remains at the forefront of media attention, it’s just one piece of a rapidly expanding ecosystem of tokenized assets. Projects on the Ethereum blockchain, for instance, are paving the way for the broader adoption of tokenized assets, with Ethereum often seen as a contender for leadership in the crypto world.

Decentralized Autonomous Organizations (DAOs), governance tokens, stablecoins, non-fungible tokens (NFTs), and more advanced tokenization initiatives are all contributing to the growth and diversification of the crypto space. Bitcoin’s price stability in this context isn’t a sign of stagnation; rather, it’s emblematic of a maturing ecosystem that accommodates a wide array of use cases and appeals to an expanding range of participants.

Rather than indicating exhaustion, Bitcoin’s period of stability reflects an ecosystem that’s flourishing, attracting significant interest from traditional finance, and embracing a diverse array of projects and innovations.

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Understanding Bitcoin Halving

To comprehend the essence of Bitcoin halving, it’s pivotal to unveil its mechanics. Embedded within the Bitcoin protocol, halving fundamentally slashes the reward granted to miners in half, a mechanism deeply embedded in the network’s design. This strategic reduction serves the purpose of regulating the creation of new bitcoins, ensuring Bitcoin’s finite supply at 21 million coins. With every halving event, the reward for miners is cut in half, diminishing the pace at which new bitcoins enter circulation, and consequently reinforcing the scarcity narrative that supports Bitcoin’s value proposition.

Bitcoin Halving Timeline

Bitcoin halving surfaces after approximately every 210,000 mined blocks – roughly every four years. Halving has transpired on three occasions, shaping the trajectory of its issuance dynamics. The first halving occurred on November 28, 2012, curtailing the block reward to 25 bitcoins. Subsequently, on July 9, 2016, the second halving ensued, further reducing rewards to 12.5 bitcoins. The most recent halving unfolded on May 11, 2020, ushering in the era of 6.25 bitcoins per block. 

For reference, the block reward was initially 50 bitcoins in 2009, but as of August 2023, there are about 19.46 million bitcoins in circulation, leaving a mere 1.54 million left to be mined. The saga of Bitcoin halving extends until 2140, by which time the maximum supply of 21 million bitcoins will be reached.

How are Miners Affected?

Halving is tightly linked with the economy, supply scarcity, and miner incentives. While rewards decrease due to halving, Bitcoin mining persists with a stable blockchain. Occurring in intervals under four years due to mining times, it affects the network, potentially reshaping miner dynamics. Smaller miners could face tougher competition, while larger operations might fare better due to economies of scale.

What Does Bitcoin Halving Mean for Investors?

Bitcoin halving holds profound implications for investors. This event fundamentally alters the supply dynamics of Bitcoin, leading to a reduction in the rate of new coin issuance. As the reward for miners is halved, scarcity is amplified, often resulting in increased demand and potential upward price pressure. Historically, halvings have marked significant price rallies in the months and years following the event. 

For investors, this presents both opportunities and challenges. While halvings can lead to potential price appreciation, they also introduce heightened market volatility. Hence, investors should carefully assess their risk tolerance, research historical patterns, and formulate a well-informed investment strategy that aligns with their financial goals and timelines.

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