Bitcoin Investors Move into Altcoins

Investors move to altcoins

Bitcoin’s scaling fight has led to a record low in its percentage of cryptocurrency’s total market cap as investors hedge with top altcoins.

As its user base expands, Bitcoin’s transactions have also grown, leading to blocks, capped at 1mb, to be filled to capacity. As a result, transactions have slowed and fees have spiked. An effort to solve Bitcoin’s scaling issues has led to a civil war of sorts between the Core development team and its supporters backing the Segregated Witness (SegWit) soft fork, and the Bitcoin Unlimited miner-directed block size hard fork and its supporters.

In contrast to previous hard fork attempts (XT, Classic), Unlimited has gained speed, occasionally passing SegWit in adoption by miners. Recently, Unlimited has secured a solid lead, due in part to a major mining pool, Antpool, switching to Unlimited.

“Bitcoin Jesus” Roger Ver, who has led the opposition to the current state of Bitcoin and its hard cap of 1mb blocks, has stated that he believes that the current inability to find a resolution to the issue has cost Bitcoin billions of dollars already:

As a result of increasing uncertainty, lack of usability and conflict surrounding Bitcoin, its growth has stagnated- even receded, while other coins have seen exceptional gains. Ethereum, cryptocurrency’s number two contender, has seen a massive increase, more than doubling in market cap and price in the last 10 days alone. It currently sits at about $4 bln total and $45 per coin, with a current trading volume of over $200 mln.

Dash has seen even more impressive relative gains, multiplying its value and market cap five times over since one month ago. It has broken the three-digit barrier and appears to have settled above $100, having also broken 10 percent the price of Bitcoin per coin. As a result of this growth, Dash’s treasury, 10 percent of its block reward set aside for development and other projects, has passed $500,000 monthly, closing in on a million dollar monthly budget for the newly number three ranked coin. Monero has also picked up on the Bitcoin exodus, doubling in value over the last 10 days, maintaining a solid fourth place and passing $300 mln in market cap.

This growth and reshuffling of the cryptocurrency field has led to a slipping in Bitcoin’s dominance. Bitcoin’s share of the total cryptocurrency market cap has sunk to 70 percent, a new all-time low since the previous low of 74 percent during Ethereum’s initial boom last year. Total cryptocurrency market cap remains slightly lower than its all-time high, while combined altcoin value has grown from approximately $2.2 bln at the year’s start to over $7 bln now, nearly $4 bln of that growth over the last month alone.

The scaling debate gets ugly

In spite of this growing shift, the Bitcoin scaling conflict continues to become more heated. Ver alleges that many Unlimited nodes identify as Core in order to avoid DDoS attacks, which have plagued Bitcoin.com all last week. Unlimited supporters have documented a pattern of alleged censorship on the Bitcoin subreddit, filtering out comments in support of an alternative implementation of Bitcoin than the one stewarded by the Core developers.

Meanwhile, faced by increasing resistance from large mining pools, such as Antpool, Core member Peter Todd publicly mused about a proof-of-work algorithm change in order to reshuffle mining power as a “backup plan”:

David Ogden
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Trade Coin Club

Bitcoin prices have recently fallen from Parity with Gold, so it could be a good time buy. Now for people who purchased bitcoin when it was over 1,000pounds per coin, they are facing a loss. To be honest this is quite normal with chryptocurrencies which are more volatile compared with fiat currencies. The long term futures for the likes of of popular chryptocurrencies such as bitcoin and Etherium are good.

Rather than question and worry that you might have purchased at the wrong time and now you are facing a loss, you might want to consider a way of putting your bitcoins to work for you. Just as you can trade fiat currencies and earn money when prices rise and fall, you can do the same with chryptocurrencies.

I recently joined Trade Coin Club, which allows members to trade bitcoins and earn revenue from an automated trading systems which follows the top ten popular chryptocurrencies. You do not need to have any experience either of chryptocurrency or trading this is all taken care of on you behalf. Once you have purchased a membership, a proportion of the amount you paid is traded on the system 5 days a week and the income you gain can be withdrawn or traded in     the following week.  

The lowest membership fee will cost you 0.36 bitcoin or around 300 pounds, and to protect you from loss only part of this money is traded. I believe this is a great way to put you bitcoin to work with a minimum of risk.

David Ogden
Entrepeneur 
                           

Cryptocurrencies are on the move upward

2017 is set to be the best year to buy crytocoins and I urge to all to get involved.

Last week after SEC rejected the bitcoin ETF, the millennial generation appears to be even more interested in decentralized free market money, with bitcoin rising from a low of $1,050 on the day of the decision to now stand around $1,230, $30 above gold’s price.

The second biggest digital currency, Ethereum, has also made considerable gains, rising above $30 and securing a market cap of near $3 billion, the highest ever achieved by any digital currency except for bitcoin.

Dash has come from nowhere and now in 3rd position. The currency has risen from $10 to almost $80 in just one month, reaching a market cap of half a billion, twice that of Monero. No one can say why. There is no real news, nothing appears to have changed except for a marketing push.

As such, many are calling it a pump and dump. The currency has only around 7 million coins, with almost 2 million of them mined in the first 48 hours. That would be sufficient to run some 2,000 masternodes, or close to half of all masternodes.

These nodes attract 50% of daily coin issuance, further concentrating coin ownership while having considerable say over what project is funded. In short, playing with Dash may be no different than playing with fire.

Even LTC is up , that grey boring thing that gives us journalists nothing to talk about, except segwit, a topic beaten to death in the bitcoin context. They waiting for its activation, but it seems to have stalled at around 20% for a month or so. Nonetheless, some are betting on a pump – maybe, who knows.

There is one newcomer, shadowcash. This is a fairly old IPO-ed currency back in 2014 which stands out for climbing up the market cap.

There are also other coins in the wings such as Infinity which is preparing to launch its code in the near future and is expected to follow Ethereum to the top of the tree.

The age of Cryptocurrency, is here and now and many 3rd world citizens are leading the way and purchasing or engaged in earning bitcoins to avoid corruption and poverty in their own countries.

The great advantage of using Cryptocurrencies is that you need not earn or purchase a whole coin you can purchase earn or but and sell bits.

One way to earn bits is to complete online surveys, I do this every day at BitcoinGet earning around 1,000 bits a day which is worth about £1.50 or 90 peso. Now this does not sound much but over time your earning will grow faster than putting savings into a bank as the value of Bitcoin rises.

I have also started to put these bits to work by transferring them into Trade Coin Club, which you can join with a minimum of 0.30 BTC and uses you coins to speculate on the rise and fall of the top ten Cryptocurrencies, using an automated trading module. On my first day of trading I earn’t the equivalent of 1% interest, much better than leaving them in the bank.

David Ogden
Entrepeneur

 

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Make Money when Bitcoin Crashes

Last week the Winklevoss Twins had their Bitcoin ETF denied and panic selling ensued, it’s a good time to talk about what to do when the prices drop sharply in a short period of time. Bitcoin was at a high of almost $1300 and within hours had dropped below $1000. It appears to have slowed down around there, now having climbed back up to over $1100.

If you’re business-minded, you already see where the opportunity was here. If you had been able to get anyone to sell you bitcoins at around $1000 as it fell, you’d already have made more than $100 on each one. That’s a tidy, fast profit. Bitcoin traders love the volatility of the market.

Now of course there is a problem with this, in that you have to know when to sell and buy, and most people do not have the time for this.

The solution that many people are turning to is Trade Coin Club which has an automated trading system which not only trades in bitcoin but other popular Cryptocurrency such as Ether or Dash plus others. This creates many more opportunities to put your bitcoin to work and earn more bitcoins as the markets move up and down.

So how do you get started. The first step is to purchase some bitcoin. Then transfer them to Trade Coin Club, Minimum 0.3 Bitcoin or up to 5 Bitcoin. Once you have bitcoins in your trading wallet, you need to set your level of risk and put on a trade on Monday. Your coins will be traded until Friday and you can see the results prior to setting a new trade on the following Monday.

Trade Coin Club cost nothing to start with, however once you start making a profit you will start to incur some regular charges. You can also earn commissions for introducing other people to help offset these charges.

I have previously traded currencies but Cryptocurrency are a more volatile investment which is why Trade coin club have a built in stop loss system to protect you bitcoins and reduce possible losses.

If you have any questions, I suggest suggest you join without obligation and I will be happy to contact you and discuss the matter further

 

David Ogden
Entrepreneur

 

 

6 Mar / 2017

Earn Free Bitcoin

The use of Bitcoin is spreading throughout the world and the price has reached a level that the coins are becoming more valuable than gold. The present price can lead people to think that they cannot afford to purchase bitcoin. This is not  true however and you do nor  have to  purchase one coin, you can purchase  just part of one down to 0.00000001

I have been collecting bitcoin for the past couple of months by completing online surveys as part of a daily routine nad have been rewarded for each survey with between 100-900 bits which equates to £0.5 to 1,25 per day. this might seem like small change, however every bit counts and I now have over £100 worth of bitcoin, which will only appreciate in value.

I was skeptical in the beginning as I have filled in surveys in the past and not being paid. but this survey works and more money is added to cryptocurrency wallet every day.

I am also looking forward to joining a new investment opportunity which will allow me to trade cryptocurrency and share in profits.  The combination of both earning bitcoins with one company and then trading in Cryptocurrencies would seem to offer a good opportunity, for anyone who has time on their hands, to create some savings.

David Ogden
Entrepeneur

 

 

 

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