What is Bitcoin?

Bitcoin

What is Bitcoin?

Maybe you here it many times in the news, radio, ads etc., but you have no clue, what it is? Me neither until some months ago, I started to find out more about it. At that time I’ve thought, why digital money? Paypal is doing a good job already. You can transfer your money instantly. So why digital money then? That’s why when I’ve heard for the first time the term bitcoin, I didn’t take it seriously. After I’ve found out what Bitcoin is really about, I start to take it more seriously.

The founder of Bitcoin published a white paper 31st October 2008 right after financial crisis in 2007, which was caused by the banks. In Germany the government rescued the bank system with €290 billions. Because the banks weren’t trustworthy, he started to create the 1st bitcoins on 3rd January 2009. At that time 1 bitcoin was less than $0.01. On 2010 each bitcoin was priced less than $1. The first altcoin was in 2011.

Coin market cap

Now, a decade later each bitcoin is worth about $8000 USD with 1506 altcoins. But why does it get so popular? It has some great features. For example you can’t fake it. It is possible a normal fiat money, but it is impossible to duplicate this digital currency, because it based on cryptography. Besides it is decentralized, which means you can transfer money directly to the other person without intermediaries. In this case a bank is not necessary any more, which is not trustful anyways according to the founder. This decentralization is based on the blockchain technology. On top the idea of this digital currency is to have faster transfers and lower transaction fees. In 2015 the transaction fee was $0.01 USD, but now to transfer bitcoins the transaction fee was even up to $40 USD, which means if you want to buy a $10 USD pizza, you have to pay the transaction fee on top, which make $50 USD in total.

That’s ridiculous. Additionally, it is not scalable, because now the energy consumption gets to high. To make any transactions, it would consume as much energy as a house would consume for a week. That’s why its market share dropped in 2016 from about 90% to 35%.  Even after many forks to Bitcoin Cash, Bitcoin Gold, SegWit etc. to increase the scalability, altcoins are still on the rise. There is even an altcoin now, which has no transaction fee, instant transfer and endless scalability. It’s the same thing with the computers in the 20th century, where it was really big, slow and consumed a lot of energy. In 1943 the IBM president Thomas Watson said, that the world market would need about 5 computers. Now we know, he was wrong.

Because of its disruptive potential many people get scared of it. Cryptocurrencies are still emerging. It is not implemented worldwide yet and the oldest one exists not even a decade. We will see, what will happen in the next decades.

In order to stay up to date just like my Facebook page The Doan’s blog.

 

What is SEO?

seo

What is SEO?

SEO stands for search engine optimization. Search engines are a software, that searches the World Wide Web for the keyword you’ve typed in. The most popular one is Google, but there are many other search engines like Yahoo, Bing, Baidu etc. So SEO means, that you optimize your ranking on search engines, but who wants to be ranked high on search engines? Webmasters, Business owners, freelancers, startups, companies etc. are interested in SEO to get traffic, customers and sales, but most importantly it is sustainable.

wikipedia traffic

Here is an example to show you, how important SEO is. The website wikipedia.org has about 2 billion monthly web visitors and most of them through search. Not through social media marketing. No through Email marketing. Not through online ads like Google AdWords, Facebook Ads, LinkedIn Ads etc., but through search. So people find the website wikipedia.org through search engines. Just to give you a rough idea, how important SEO is. You get targeted traffic regularly every month without doing anything any more. So it’s passive traffic. You just have to put the initial effort in the beginning.

The higher you are ranked, the more traffic you will get. The good thing is, that those traffics are free and even targeted, because you are ranked on specific keywords. This kind of traffic you get this way is also called organic traffic. People click more on the search engine results than on ads. The reason behind it is, that the website is already regarded trustful and useful by the search engine. It is already prechecked, so the users can trust that website too. If you want to know, how keyword research works, read this: Why keyword research? The paid version is SEA, which is making an advertisement on Google. The good thing here, that it works instantly. Everything that drives traffic to your site increases your ranking, but if you don’t advertise any more, the traffic will decrease also instantly.

SEO is divided into 2 parts. The first one is called onsite/onpage SEO and the other one is called offsite/offpage SEO. Onsite means, that you make your Website easy for search engines to find it. So it is more technical. For example the alt tags of your page, your website performance, responsiveness etc. The offsite version is everything external from your website. The most popular one are backlinks. Backlinks refer to your Website, which is an indicator for Google, that your Website has a good reputation. The more backlinks you, the better it is, but not only quantity is an indicator for Google. Also the quality of the backlinks. It is determined by the Domain Authority.

International money

Social media plays also an important role. The more shares, likes and comments you have, the higher you will get ranked on search engines. My blog article about money as a sample has over 500 shares, which is impressive. It gives you a social proof and it also shows you, which topic your reader is more interested in. You can read this article here. Maybe you want to share it too. Haha. Social media platforms are e.g. Facebook, Twitter, Instagram etc. SEO takes much time, because it takes time to build reputation, but when you are highly ranked, you will get free and targeted traffic regularly. Once your reputation is established, you will get those traffic on the long run, but how long does it take to get ranked high on Google? It takes weeks even months until you get ranked on the first page of the search engine, if you do the right thing. You also can optimize your ranking on Video platforms like Youtube. The paid advertisement works instantly, but if you don’t advertise any more, there won’t be any traffic. In general there about 200 factors, that can have an influence on your search ranking, but one of the most important factors is content, which belongs to onpage SEO and backlinks, which belongs to offpage SEO. In the end, it is also receommendable to do a SEO audit.

How to do SEO

And here is a quick summary of SEO.

To stay up to date, just like my Facebook Fanpage: The Doan’s Blog. Further readings: What is offsite SEOWhat are backlinks? Why keyword research? What is Digital Marketing? What is SEM? My Agency is providing SEO services. Feel free to contact it: SEO Services.

What are Web Developers? #IT #Business #Website

Web developer

When I meet new people, they usually asked me what my occupation is. As soon I tell them, that I’m a Web Developer, they understand, that I’m a Web Designer or I create Websites. To make things clear a Web Developer is a coder. A programmer. Someone using a programming language to code a Website like with Java, C#, Ruby, JavaScript …

Here are some examples of the most popular and current technologies Web Developers are using: Ruby on Rails and Node.js. These are softwares to code Web Applications. I notice, that in London (UK), they mostly use Ruby on Rails, whereas in Germany Node.js is more popular. Very interesting …

These are some of many popular Websites based on Ruby on Rails:

And here are some of many popular Websites based on Node.js:

  • Paypal, Yahoo, Wall Street Journal Online, Shutterstock, LinkedIn, Mozilla, Netflix, Uber, Ebay, Walmart, Google, Medium etc.

Amongst Web Developers, they can be distinguished between Full Stack Web Developers, Back End Web Developers and Front End Web Developers. I’m a Front End Web Developer myself, because I like doing it to the front and here is my personal and professional Website: Denis Doan

International money

International money

International money

Wherever you travel, when you transfer money internationally, there will be 2 types of fees. The 1st one is the oversea transfer fee and the 2nd one is the exchange rate fee. With this special service, you can save up to 80% of those fees and it is pretty fast. It supports up to 46 currencies and more currencies are soon to come. Here are some examples USD, EUR, AUD, CAD, GBP, SGD etc. I’m using it and it took 2 business days from Germany to Vietnam to transfer it.

Bank transfer money

I’ve transferred with the regular bank 500€ to Vietnam and the fee was 36,55€, which is about 7,31% fee!

If I do it with TransferWise, it will cost me only 7,39€, which is only 1,48% fee.

transferwise

You can check on this website, how much the fee will be, if you send money from one country to another country. There you can see, that it is significantly lower, than any other money transfers. So in this example, you save about 30€ for every 500€ bank transfer from Germany to Vietnam. On top of that, they give you a better exchange rate! At that time according to Google, it is only 25,821.59! It’s not only cheaper than banks, but also cheaper than Paypal or exchange offices. You can save even more money compared to Western Union, which charges about 10%, because of its high exchange rate fee.

Update 25th May 2018

Now they start offering a multicurrency bank account in $, £ and €! No fees! With a MasterCard debit card. Very handy while traveling, because you can use it worldwide with the advantage of real exchange rate, so you also can save money while traveling and with the TransferWise app, you can see in real time your expenditures.

It is also very easy and fast to open this multicurrency bank account, because everything happens online. You don’t need to go anywhere to register for it. Just upload your ID and that’s it. You will get your debit card within a week and I get an US American bank account, Australian bank account at the same time etc.

By clicking on this link you will get the first 500GBP transfer for free. Check it out: Transferwise.

To stay up to date. Just like my Facebook Fanpage: The Doan’s Blog. Further reading: Save money while traveling. Most popular blog article: What is SEO?

Passive Income

Passive Income is making money (almost) without working. In this article below there are few examples. One of them is renting out properties. That’s what I’m doing right now and I make like 2000€ a month by renting out of flat in Stuttgart, which is a double market price. A convenient way to make extra money: Passive Income

You can buy an E-Book with step by step guide on how to rent out a property with maximum profit.

[wpecpp name=“E-Book“ price=“20 USD“ align=“center“]