14 Mar / 2017

Cryptocurrencies are on the move upwards

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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