Talking Tech: Should You Invest in Bitcoin or Not?

Bitcoin can be described as a digital payment system that does not use banks or intermediaries. A group or a person that uses Satoshi Nakamoto as its alias invented it Bitcoin was released to the world as an open-source software in the year 2009. It is a cryptocurrency, this means that the generation of the units of
currency as well as the verification of funds transfer uses encryption techniques that operate separately from the central bank. Blockchain technology is what bitcoin uses to record all of its transactions. The security of a bitcoin trading platform such as USI-TECH is an issue that is given the utmost consideration when selecting one.

Potential problems of investing in bitcoin

There are a few main concerns that surround bitcoin and that potential investors ought to be aware of, these include the following:
•❑ It is not regulated or backed by the government’s good faith or that of another entity for that matter.  Bitcoin’s value is more fickle compared to other currency forms due to its unregulated nature. Most people think of it as monopoly money because it is not based on something that has tangible value such as gold.
•❑Wall Street does not trade in bitcoin. This means that it is not possible to buy or sale them through brokerage. Bitcoin wallets must be set up to act as a bank account for the bitcoin. Afterwards, a traditional bank account must be linked to the wallet. The funds in the wallet can then be utilized in local currency to
both buy as well as sell bitcoin. This implies that bitcoin is not as liquid as other traditional currencies.

Reasons to invest

Investors in the financial industry should take bitcoin seriously because of the following reasons:
•❑ The largest boosters of bitcoin since its inception have been libertarians and geeks. However, this situation has since changed as a significant number of mainstream entrepreneurs and investors has now joined them.  These people view bitcoin and as well as other currencies as a legitimate asset class like commodities, bonds or stocks.
•❑ The financial infrastructure that supports bitcoin together with other digital currencies is rapidly maturing.
•❑ Only twenty one million bitcoins can exist. The quantity of bitcoins made by the mining process reduces by 50% every few years. Currently, approximately 80% of the total number of bitcoins have been mined and there are no new bitcoins that will come into existence until after 2040. This scarcity ensures there is a big
demand for bitcoins.
•❑ Governments do not control the value of bitcoins. This is beneficial because the value of bitcoins is not affected by war or if the profligate central bank of a country prints too much money.

Conclusion
The reasons above are not exhaustive but they highlight why investors should either invest in bitcoin or not. In addition, it is advisable to select a bitcoin trading platform that is effective e.g. Loadoo, Cryptopay and Spectrocoin. The final decision of whether to invest in bitcoin or not is a personal one.

How does an Umbrella Company Work?

If you want to work as a contractor, then one of the easiest ways to do so is working with an Umbrella company. There will be the minimal amount of consistent administration once you have signed up.

If you want to learn more about how does an umbrella company work, then you must take a look at the valuable information we’re going to share in this article with you. You can also find authentic and helpful information at umbrellacompany.net.

Here we’ll tell you about the process that you need to go through when you sign up with an umbrella company. We’ll also share information about the benefits that you can get from an umbrella company.

Registration is easy

You need to fill up a registration form to successfully sign up with an umbrella company. You will have to answer the questions about yourself and about your working circumstances (name, date of birth, address, recruitment agency, assignment details, etc.). The umbrella company will also ask you to provide the proof of address and identity.

You can sit back and wait for the employment contract once the company has received and approved your form.

Umbrella Company will hire you, not the client

Before signing and returning the contract, make sure you read the contract thoroughly after receiving it from the umbrella company. It will be stated in the contract that you admit that the umbrella company will pay your salary.

The umbrella company will be responsible for making the appropriate deductions and paying you. Meanwhile, the umbrella company will make sure that they transfer your salary to the company by signing a contract with your recruitment agency.

To summarize the chain of payments, recruitment agency will be paid by the client, an umbrella company will be paid by your recruitment agency, and you’ll be paid by your umbrella company via PAYE.

You’ll be paid on behalf of your NIC and tax

The umbrella company will send you the PAYE. The umbrella company will make your NIC and tax on your behalf. You’ll get the payslip with the deductions listed as the margin will be deducted from your payments.

You have minimal administrative responsibilities

You must make sure that you carry out a few important tasks if you want to get paid on schedule with the correct amount. Don’t worry, it will not take more than 10-15 minutes each week to fulfill your administrative requirements.

Your payment will be less than your own limited company

Contractors who work through a limited company have the ability to get paid with a combination of dividends and salary. When you’re self-employed, it is known as the most effective way to get paid. The home pay will be even greater if you are outside IR35.

Regardless of your IR35 status, you’ll be paid as a permanent employee when you’re working with an umbrella company. If you were a permanent employee, you will pay NIC and tax.

Click here and learn more about how does an umbrella company work.