Bitcoin News: 2017

пятница, 29 декабря 2017 г.

This Is How Chinese Bitcoin Buyers Are Getting Around The Government Ban

China stunned cryptocurrency traders in September when, after announcing a crackdown on ICOs, it went a step further and warned all crypto exchanges operating in mainland China that they would need to wind down their operations by October – effectively killing the nascent cryptocurrency and blockchain industry.

Observers expected this to be a huge blow…though Chinese trading volume had already fallen dramatically since January 2017 when authorities forced local exchanges to raise fees and implement AML controls, it was still a crucial market for bitcoin. However, the drop in Chinese trading didn’t stop the pioneering cryptocurrency from rocketing to an all-time high around $20,000 a few months later.

As we noted at the time, several of the largest China-based exchanges, from OKCoin to Binance.com, and wallet services too sought a second life in friendlier Asian jurisdictions, applying for licenses in Japan – solo or via partners – setting up over-the-counter shops in Hong Kong, or laying the groundwork to operate from Singapore and South Korea.

But crypto enthusiasts living in mainland China can still transact domestically: But instead of these transactions being routed through exchanges, they’re negotiated on over-the-counter (OTC) trading platforms like Huobi, OKEx and OTCBTC, according to a Yahoo Finance report.

Of course, Chinese buyers who still want to participate in the market are doing so at significantly higher prices. On OTC platforms, prices are 10% to 20% higher than the prices on traditional exchanges. On Jan. 18, when bitcoin was trading at $11,730 on Coinbase, the biggest US brokerage, the lowest price on the Huobi OTC platform was 84,000 yuan, or $13,085.

The premium that Chinese investors pay is a direct result of the limited OTC coin supply caused by government regulations. For more sophisticated traders, there’s an arbitrage opportunity: Traders will buy cryptocurrencies cheaply on foreign exchanges and immediately sell on domestic OTC platforms at a higher price. But there are risks, including price volatility, slow transaction times and China’s strict control on capital outflows.

On platforms like OTCBTC, buying cryptocurrencies is like shopping on Ebay: choose the coin you want, then offers from multiple sellers appear. Buyers can link their bank accounts or use popular mobile payment methods like Alibaba’s Alipay or Tencent’s WeChat Pay. Once they get their hands on the coins, investors can trade them on any exchange in the world.

Chart showing number of daily transactions on OTCBTC

As we highlighted in November, several China-based trading platforms, including Huobi and OKEx, which were among the largest exchanges in the world and were included in the ban, decided to take advantage of a loophole: China hadn’t outlawed cryptocurrencies, it just outlawed the operation of exchanges. So, many of the companies that decided to stay soon opened OTC platforms and promoted their new operations by waiving transaction fees.

According to Yahoo Finance, while it’s hard to measure the exact size of OTC trading across all platforms, one single seller at Huobi recorded more than 10,000 separate bitcoin transactions in the past month. Another Taiwan-based platform, OTCBTC, which now offers more than 40 cryptocurrencies, boasted $100 million in transactions in the first 50 days after it launched last October.

Meanwhile, Huobi and other Chinese companies are still operating crypto exchanges in friendlier, overseas markets.

“Now our focus is the overseas expansion,” Huobi CEO Leon Li tells Yahoo Finance. “More than half of our newly-registered users are from outside China.”

However, concerns about regulatory risks aren’t going away either. Huobi, for example, marks the reminder in red that buyers should not mention sensitive words like “BTC” or “bitcoin” in their bank transfers in order to reduce the likelihood of having the transaction blocked.

Original article and pictures take bitnewsbot.b-cdn.net site

четверг, 28 декабря 2017 г.

These 20 cryptocurrencies have left bitcoin in the dust

Sixteen digital coins gained more than 11,700%, with one surpassing the 1,000,000% mark.

Original article and pictures take www.scoop.it site

среда, 27 декабря 2017 г.

The Truth About Hashflare Bitcoin Cloud Mining Profitability – Bitcoin Difficulty Profit Calculator

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Original article and pictures take bitcoinvideospro.com site

вторник, 26 декабря 2017 г.

The SEC denies having registered any ICO

All the ICOs that claim to be registered in the Securities and Exchange Commission ( SEC ) lie, as affirmed yesterday by the president of the US Securities and Exchange Commission, Jay Clayton , in an official statement.

The senior US official advised investors in cryptocurrencies to take “extreme precautions”when backing initial currency offers ( ICOs ), especially those claiming to be registered with the SEC.

The president of the securities regulator warned that “to date there have been no initial offers of currencies in the SEC . If someone today tells you otherwise, be especially cautious. ”

Likewise, it ruled out that the listing in the SEC of products that are listed on the stock exchange “with cryptocurrencies or assets related to cryptocurrencies” has been approved , reports TNW .

Finally, Clayton advised cryptocurrency enthusiasts to investigate and address opportunities that “sound too good to be true” with some skepticism, asking questions and demanding answers from their promoters. “As they are currently operating, there is substantially less investor protection than in our traditional securities markets, with the corresponding greater opportunities for fraud and manipulation,” he said.

Despite his warning messages about the cryptocurrency, blockchain and ICO boom, Clayton expressed great enthusiasm for the future of blockchain : “The technology on which cryptocurrencies and ICO are based can be disruptive, transformative and improve efficiency. . I am confident that fintech developments will help facilitate capital formation and provide promising investment opportunities for institutional investors and business districts alike. ”

Original article and pictures take digitalbodha.com site

пятница, 22 декабря 2017 г.

The Rise Of Bitcoin [INFOGRAPHIC]

Our friends at Visual Capitalist lay out everything you ever wanted to know about Bitcoin in this great infographic:

bitcoin encryption standard — Visual Capitalist

Get the latest Bitcoin price here.>>

EXCLUSIVE FREE REPORT:

The Bitcoin 101 Report by the Business Insider Intelligence Research Team.

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Original article and pictures take static4.businessinsider.com site

четверг, 21 декабря 2017 г.

The pros and cons of Bitcoin

Defense from the payment fraud
Direct transfer for the instant settlement
Minimized the possibility of identity theft
Lower fees
Security and control

This kind of the bitcoin transaction is providing ability to send and get money. People no need to worry about the rescheduling for the bank holidays, crossing borders and other limitations. It allows the people to control their transaction which is helping to keep your bitcoin in safe. In a modern world more than 2.2 billion people are not showing interest to access the ancient exchange transaction system. These people are interested to follow the bitcoin transaction system and it is the mobile based money transfer system. Bitcoin is not involving in the transaction fees so that you can easily save your money and effort. It is fight against the identity theft and it is having secure encryption method to secure your money. Actually digital currency exchange is useful to the trade process transactions and this process is converting the bitcoin into the fiat currency. Fortunately this kind of the services is really having low fees when compared to the PayPal and credit cards.

To know about disadvantages of the bitcoin

A coin has both face like head and tail so bitcoin has also advantages and disadvantages. The first thing limited amount of bitcoin is available in online so that people struggle to obtain this coin. The next thing people might not aware of the bitcoin concept which is the major drawback of this bitcoin. People must be educated about the bitcoin so that you can obtain the advantages available in the bitcoin. It is still in the developing stage so before you choose the bitcoin you must know about the risk involve in the bitcoin transaction system. If you are in the business industry then you must know about the bitcoin advantages and risks.

Original article and pictures take tomfoolery.info site

The Past and Future of Bitcoin [Infographic]

CoinMe, a Seattle-based bitcoin startup, has created this infographic, explaining the past and future of Bitcoin, and also the use of the city’s first-ever Bitcoin ATM – CoinMe’s Kiosk.

The Coinme Kiosk is the new solution for Seattle-area residents to buy and sell bitcoins. As the first Bitcoin Kiosk in the Northwest, and the first licensed kiosk in the U.S., Coinme is eager to introduce Bitcoin to the community through regular Meetups and free onsite consultations.

The ATM is operated by Coinme but manufactured by Las Vegas-based Robocoin, which also built the world’s first Bitcoin ATM that was installed in Vancouver, Canada last October.

The Kiosk is open seven days a week from 11 a.m. to 10 p.m., and it scans your palm and allows you to exchange cash for Bitcoin, or do the reverse. Customers can make up to $3,000 worth of Bitcoin exchanges per day.

Check the infographic belwo and tell us in the comments below what do you think about the new CoinMe’s Kiosk.

The Past and Future of Bitcoin [Infographic] — Share This article

Original article and pictures take www.coinspeaker.com site

вторник, 19 декабря 2017 г.

The North American Bitcoin Conference is No Longer Accepting Bitcoin Payments for Tickets

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понедельник, 18 декабря 2017 г.

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пятница, 15 декабря 2017 г.

The Inevitable Blockchain [Infographic]

Blockchain, the technology underpinning bitcoin, is one of the most important innovations since the development of the Internet. It has generated a lot of interest lately and it is likely to continue in view of the broadening adoption.

The globe’s leading banks are starting to realize they need to embrace innovative technologies in order to stay competitive in today’s digitized world. Financial services providers are actively investing in various blockchain projects aimed at exploring the potential use cases of the technology.

A major software solutions provider, Sopra Banking Software, has published blockchain infographics that highlight the main benefits of the technology and analyze its potential role in the future of the banking industry.

One of the most important benefits of the cryptocurrency technology, the company stated, is that it eliminates the need to deal with intermediaries. Unlike current centralized systems, which depend on a single entity, the blockchain has no central ledger. The distributed nature of approving transactions makes it hard to compromise the system.

Voting management is one of the other areas that can be improved with the cryptocurrency technology. The use of the blockchain can retain the simplicity of electronic voting while providing an increased security. In 2015, NASDAQ CEO, Bob Greifeld, announced that the Estonian NASDAQ market will apply the blockchain to streamline the process of proxy voting.

The technology can also be used to simplify the issuance of dividends and shares, say the blockchain infographics. This year, online retailer Overstock.com secured the U.S. Security and Exchange Commission (SEC) approval for the use of the blockchain to issue company shares.

Financial organizations expect they would significantly benefit from integrating the blockchain, which offers such advantages as higher transparency, faster transactions, and lower threat of hacking attacks. Moreover, companies using the technology would be able to reduce costs of transactions settlement. As Sopra Banking Software wrote in its blockchain infographics, banks would save up to $20 billion in fees if they integrate the blockchain system.

Meantime, researchers from Greenwich Associates discovered that the majority (94%) of the interviewed financial professionals believe that the distributed ledger technology would be beneficial to institutional markets. Besides, the study found that half of the surveyed were actively reviewing the blockchain within their companies.

The Inevitable Blockchain [Infographic] — Share This article

Original article and pictures take www.coinspeaker.com site

среда, 13 декабря 2017 г.

The Definitive History of Bitcoin

In 2008, the aftermath of the Subprime Mortgage Crisis created the perfect storm for the emergence of Bitcoin. This is the definitive history of the famous crypto-currency.

Original article and pictures take 2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com site

вторник, 12 декабря 2017 г.

The Bull And The Bear Case For Bitcoin, Ethereum, Ripple, Litecoin And Other Cryptocurrencies

There have been better days and worse days for Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies.

The better days were back in November and December when a “virtuous” rotation helped spread the rally from Bitcoin to other cryptocurrencies. This means that funds cashed out from one currency were invested in other currencies.

That’s a bullish "technical" sign for cryptocurrencies, as it keeps the momentum for the sector alive.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don't own any cryptocoins or tokens.]

The worse days were early this week when the sell-off in major cryptocurrencies spread across the entire sector. This means that money cashed out from one cryptocurrency didn’t flow to other cryptocurrencies, but moved to cash or to other investments.

And that’s a bearish sign for cryptocurrencies, as it undermines the momentum for the sector.

Apparently, momentum is changing very fast in cryptocurrencies, much faster than in other asset classes.

That’s why technical analysis alone may not be a reliable indicator for trying to guess the direction of the cryptocurrency markets.

What about fundamental analysis?

Original article and pictures take www.forbes.com site

понедельник, 11 декабря 2017 г.

The Black Book Of Bitcoin PDF

Book Description:

Do you know that if you had invested $1,000 only five years ago in Bitcoin you could have around $4,000,000 today?

(yes, that’s 4 million dollars!)

Bitcoin is one of the safest, freest and better way to store your money away from banks and governments. Using it as a way to save, invest or trade; you can forget about unscrupulous third parties, charging you anything from unfair commissions or taxes to prohibitive transfer fees.

However to take advantage of the full power and possibilities of Bitcoin, you will need to educate yourself so the details and terminology don’t overwhelm you.

In this step-by-step guide you’ll learn from Mark Janniro, a true expert in the subject:

– The details on how to store and protect your bitcoins

– How to buy and sell them

– how to start with mining

– How do wallets work

– How to trade bitcoin

– And all the concepts on how the entire system works

So you can make a very informed decision if you are planning to enter in the fascinating world of Bitcoin.

If you need to move money across borders, if you need to save for the long term, if you want to try your hand at trading: bitcoin is your cheapest and safest choice.

You can learn everything that you need to get started in Bitcoin by reading:

“The Black Book of Bitcoin”, A Step-by-Step Bitcoin Guide on Everything You Need to Know About this New Currency.

Buy it now and change your financial literacy forever.

The Black Book Of Bitcoin: A Step-By-Step Bitcoin Guide On Everything You Need To Know About This New Currency PDF
Author	Mark Janniro
Isbn	1519284527
Year	2015
Pages	112
Language	English
File format	PDF

Original article and pictures take bookslibland.com site

пятница, 8 декабря 2017 г.

The BitCoin Sheep

Original article and pictures take btcfreemart.imobileappsys.com site

среда, 6 декабря 2017 г.

The bitcoin secret trading ebook

Get Your Automated Bitcoin Trading Robot at www.btcrobot.com

1. Get Your Automated Bitcoin Trading Robot at www.btcrobot.com
2. Bitcoin is a revolutionary new concept — a digital currency of the new era, not relying on any bank or government, which started few years ago as an open source project on www.bitcoin.org. It was considered by many as just another creation of Internet geeks before it took the financial world by storm this year and was suddenly raised to the ranks of major world currencies.
3. And if you jump in fast, you can be one of those who’ll reap all the benefits. Remember,the early bird catches the worm! Embrace the new e-currency,free of any government and bank limitations. Bitcoin is an absolutely new revolutionary concept: digital currency of a new era, product of an open source project created by Japanese geek Satoshi Nakamoto, called “Bitcoin: A Peer-to-Peer Electronic Cash System”. A purely peer-to-peer version of electronic cash allows online payments to be sent directly from one party to another without going through financial institutions like banks and government control. Bitcoin puts an end to Banking system parasites: Forget the ridiculous bank wire fees and commissions.
4. Bitcoin is taking over the world! It was created in 2009 as an online currency that isn’t controlled by the U.S. Federal Reserve or any other central authority and just in August of last year, the exchange rate for one Bitcoin was $10. This may seem high until you realize that today, one Bitcoin is worth roughly $115 ! While you may think Bitcoin is solely a digital currency, it is already taking over the world with thousands offline ATM machines that let you exchange Bitcoin for traditional cash!
5. Since Bitcoin is a currency, you can use it in exactly the same way you use any other electronic money: you open a digital wallet that can be installed on your computer or on your mobile phone and you use this wallet to pay or receive money. This is as safe (or maybe even safer) than any other digital wallet, it uses cryptography with public and private keys and all the yada-yada that guarantees security of all your electronic transactions; for example, for credit card payment or home banking. If you are a safety geek, I can assure you, I have not ever heard about any fraud that resulted from interception and cracking a transaction secured in this way. Most of the computer crimes are related to breaching credit card storage systems (which simply does not exist in this case) or simply intercepting a user typing or other manipulations on the user’s own computer via various malware (this type of interception can only be excluded on the user level by properly securing one’s computer). The advantages of Bitcoin stem from the fact that your transactions do not pass through any central office,bank, etc. The transactions take place between two persons and involve the entire network to approve its validity. No banks mean that the cost of transaction is kept very low. On top of that, your account cannot be frozen, it will not depend on failing banks, bad credit history etc. Opening an account does not require any prerequisites. Just your email address is enough. Nowadays, you can use Bitcoin for almost everything: purchase music, software, hosting, video games, betting, auctions like eBay... You can even rent apartments and buy houses using Bitcoin! Nobody expected Bitcoin to gain this much traction, but it is taking over the world faster than you might think.
6. Sounds too good to be true? It is true! That is why more and more retailers worldwide already sell Bitcoin. A long list of merchants can be found on https://www.spendbitcoins. com/places/; nowadays, you can spend your bitcoins on everything from Amazon vouchers and T-shirts to apartment rentals in Berlin. If you have your own internet business, you can accept Bitcoin too. That is easy. Moreover, you can trade your bitcoins exactly the same way you can trade euros or dollars and gain money on its rate fluctuations. Just recently, a worldwide electronic money and online payment system WebMoney, which has more than 11 million users, started processing bitcoins. Besides purses nominated in US dollars, Euros or Russian roubles, you can also open a WMX-purse nominated in bitcoins and use it to exchange bitcoins against other currencies or to buy goods or services. What is Bitcoin? How does it work? How to make money with it? — This is what this book is about. Spoiler: By the end of our ebook, you will learn how you can profit with Bitcoin on Autopilot!
7. How it all began: From old mining days to taking over the world. Bitcoin as a concept was invented by a person nicknamed Satoshi Nakamoto in his/her paper “Bitcoin: A Peer-to-Peer Electronic Cash System”, which was, of course, published electronically and is available on the bitcoin.org site for anyone who’s interested. The essence of the entire idea is, as Nakamoto says, “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” He points out that since this system runs transaction irreversibly and not through Multicore GPU mining system (from Bitcoin Wiki)
8. any financial institution, the transaction cost is drastically reduced and trust in the system is improved. Any two willing parties can perform transaction without any trusted third-party (the distributed network plays a role of the third party). The actual Bitcoin is a file containing the chain of digital signatures of all previous owners. This approach prevents double-spending of any particular coin and eliminates the need of the central system. Any new transaction is broadcasted to all the nodes (peers) and the nodes can check validity of the coin by verifying the previous transactions. This makes counterfeiting essentially impossible. By the way, you can also earn your Bitcoins the “hard way” by helping the system to verify secure transactions. This process is called “mining” and requires a lot of computational power, typically multicore GPU system, like shown in the figure below taken from Wiki, or even specialized bitcoin miners (http://www.bitcoinx.com/ bitcoin-mining-hardware/). The algorithm is designed in such a way that mining becomes more and more complex and less and less profitable with the time. Spoiler: Stay tuned! By the end of our ebook, you will learn how you can profit with Bitcoin on Autopilot without need for Mining!
9. Ok, so what would you need to start with Bitcoin? There is a plethora of different ways to do it. You can just go to http://www.weusecoins.com/en/getting-started and download your free, open-source Bitcoin wallet for whatever computer you use, Windows, Mac or Linux. Alternatively, you can create you wallet on a web site, for example https://coinbase.com/ or https://blockchain.info/ wallet. Both sites also offer mobile applications (iOS and Android), so your Bitcoin wallet can be always at hand. To open an account, you just need an email address and a password. A recently added possibility is to open a Bitcoin WMX purse at Webmoney (http://www. wmtransfer.com/). Now, after you have opened a web account or installed an original Bitcoin program, you are ready to roll. You can buy your bitcoins using cash, bank wire transfer, Moneygram, or credit cards. Bitcoin price: from the creation till today. In the insert: highly volatile bitcoin pricing during the Mar-Jun 2013
10. Everything (or almost everything) is possible. Nowadays, Bitcoin has become a valid currency, just like anything else. Contrary to other currencies, it is not backed by any government or organization, it does not have any gold value behind it. However, as we all know, being backed by a government does not protect currencies from huge fluctuations in price. In the end, the price of any currency is definedby offer and demand. If the currency is useful, if you can buy something for it, it will retain its value. Bitcoin started very low. The firstdocumented purchase was 10,000 BTC (that is the official currency symbol for Bitcoin) for $25-worth of pizza. Since that, the value of Bitcoin has increased dramatically: BTC is currently trading at around $100 for a single bitcoin. More than 250,000 users use Bitcoin on a daily basis. What can I use my bitcoins for? As I already mentioned above you can buy things and services for it. Many merchants are using it. Funnily enough, it is getting very popular with sex shops and internet sites selling illegal drugs. They both use another very important feature of bitcoins: their anonymity. Since the system Amount of bitcoins in circulation is decentralized and cracking the complete transaction history is close to impossible, Bitcoin becomes quite popular in this kind of trade as well. However, if you would browse through the blogs to find out what is the most popular use of bitcoins, you will notice that by far the most popular is investment. On one hand, many believe that Bitcoin is destined to grow in value (more than 70% of
11. all existing bitcoins are not in circulation and currently stored in “digital vaults” as a long term investment!). The number of bitcoins in circulation will not grow dramatically anymore (see figure)and will reach the maximum possible amount by the year 2140, while the popularity of bitcoins and hence demand will increase. On the other hand, since the amount of bitcoins in circulation is rather stable, they are already traded in a way pretty similar to other currencies or shares. It means that smart short term investers can profiton volatility of the bitcoin market and earn a lot with a very small initial investment. In the next chapters you will learn how to analyze bitcoin market behavior and how to make buying and selling decision at the right moments. To buy your initial lot of bitcoins, you can go to http://howdoyoubuybitcoins.com/, top-up your Bitcoin wallet at Webmoney using other currencies, or purchase it directly on the trading site. MtGox (https://www.mtgox.com/) is the oldest and the largest one. It is very easy to start trading there: you open an account (just email address is required) and then transfer your bitcoins to your account or wire transfer your local currency from your bank. BTC-e is another very useful trading marketplace for individuals buying and selling bitcoins. Only a small fee of 0.2% is charged per transaction. The site has a clear interface showing the current median pricing and a recent trend. Registering on this web-site is absolutely free and the only information required is your email. To start trading, you need firstto deposit some amount in one of the major currencies or transfer bitcoins if you have some. Currently supported payment methods are: US Bank Wire, EU Bank Wire (SEPA), Visa, Mastercard, Liqpay.com, unikarta.com, PerfectMoney.com, WebCreds.com, Ukash.com, OKPay.
12. Live Bitcoin chart and sign-up window on BTC-e You can find a complete list of major Bitcoin exchanges on Bitcoin Wiki: https://en.bitcoin.it/wiki/Buying_bitcoins#Major_Exchanges How to trade Bitcoin smartly: Technical analysis primer You now know that bitcoins behave like usual shares or currencies. It means you can apply all the powerful methods of technical analysis — that’s the collection of tools that was developed for professional traders and have made many of them astonishingly rich. Of course, you need to be smart (and, if you are reading this book, you definitely are!) to outsmart the market and the brave. And, we have to add the usual disclaimer: only invest money that you can afford to miss. Never invest borrowed money as you might end in deep trouble otherwise. What is the idea of technical analysis in a nutshell? —It is very simple. You can gain much more for your investment if you do not just sit and wait, but rather use the cyclic character of price evolution and sell your stock (here bitcoins) when the price is high and buy them again when the price is low. To do it properly, you need to determine the trend and find the right moments when the trend is reversed.
13. i Trend is your friend Let us start with determining the trend. The easiest thing to do is to use a moving average. That is a very simple approach that you can try in your Excel spread sheet in a matter of minutes. I will show you how. The point is that the price always fluctuates. Your averaging algorithm has to smooth the fluctuation sufficiently, on one hand, while still showing you the changes in the trend as soon as they occur (this property is called responsiveness). Obviously, these two requirements are orthogonal, and you need to balance them. Simple moving average (SMA) involves just taking the price for a given day, add to it the prices at a given number of previous days and divide the sum by the total number of days. So, the value of every point of your SMA graph is (I take here an average over 10 days): SMA10 1 ( ... )pi  10 pi  pi1   pi9 The problem with this sort of averaging is that you take into account equally the today price and the prices that happened many days ago. As a result, your SMA10 curve predicts tomorrow’s price mainly based on the prices from several days ago. For such a volatile currency as Bitcoin, this is not a very good idea. To correct for that, you can take more recent price values with a higher weight in your averaging. The simplest realization of the weighted moving average (WMA) would be just to account for the most recent price twice. Or, for our SMA10, we can multiply the current day price by 10, the previous day by 9 and so on 1 Bitcoin pricing Feb-June 2013 together with simple (SMA) and exponential moving averages (EMA). Note that EMA reacts faster to the pricing changes. pWMA10  (10pi  9pi1 55 ...1pi9 )
14. p p Another very commonly used approach is called exponential moving average (EMA). It works like an integrator or low pass digital filter.It is calculated recursively, so to calculate today’s EMA, we need to know the EMA from yesterday and today’s closing price: EMA10  2   1  2  EMA10 i 10 1 i  10 1  pi1   When we calculate the firstpoint long-long time ago we can simply approximate EMA with SMA. If you compare EMA and SMA, you can notice that EMA reacts faster to the changes in trend, while SMA better reflects the average prices. The choice between them is your preference. You can also think about some other smart ways to make an average. All these functions are easy to implement in Excel or any other software of your choice. I took some historic data from MtGox and applied these averaging methods to obtain trend lines. Spoiler Alert: Sounds like really complicated geek stuff? How about trading on Autopilot with Bitcoin robot? By the end of our ebook, you will learn how you can profit with Bitcoin on Autopilot without need for any manual math crunching! Trend signals: patterns and crossovers Well, what can you learn from the moving averages? First, we can find the trend: if our EMA or SMA goes down, the long-term trend is falling, if it goes up, we have a long-term uptrend. How can we determine when the uptrend changes into a downtrend? Our averages can help us here as well using a technique called “double crossover”. If we plot, for instance
15. EMA10 and EMA50, the point where EMA10 crosses above EMA50 indicates a crossover to rising trend and is called “golden cross”. If EMA10 crosses below EMA50, this is a “dead cross” signalling the beginning of a bearish market. Another type of signal can be created when the actual price crosses the average, “price crossover”. The crossover techniques are very useful when a long term trend exists. If the price is volatile, it might create many false alarms. Useful indicators can be obtained by drawing support and resistance lines. These lines are definedby traders’ psychology (greed, firstof all) and represent the issue of supply and demand. Support is the level at which buyers take control over the market and prevent prices from falling further down. On contrary, at the resistance level, sellers take control over the prices and prevent them from rising higher. Breaking through support or resistance lines often signals the beginning of a different trend. The drawing below ill¬ustrates commonly occurring patterns and shows predicting power of support and resistance lines.
16. Bollinger Bands: trend and volatility Another very useful technical analysis tool was suggested by John Bollinger and is called Bollinger bands. Bollinger bands definea channel with the width proportional to the current market volatility around the moving average trend line. Typically we take 20- days simple moving average and step up and down two standard deviations from it. So, we calculate SMA20 1 ( ... )pi  20 pi  pi1   pi19 and  1   SMA20   2    SMA20   2 ...   SMA20   2   STDi 20  pi pi pi pi1 pi pi19  and draw three lines on the chart (see figure).Here is a short list of predictions you can draw from the Bollinger bands: • If band tightens as the volatility shrinks, you can expect a sharp price move to follow; • A price move that starts at one band usually carries to the other one; • When price moves outside of the band (provided the band itself is not falling or rising steeply), the current trend will usually continue. Spoiler Alert: Too much complicated Geek stuff? How about trading on Autopilot with Bitcoin robot? At the end of our ebook, you will learn how you can profit with Bitcoin on Autopilot without need for Math stuff!
17. Momentum indicators: a timely warning So far, we’ve only talked about techniques based on trends. They are extremely useful, but most of the time, they identify a change in trend after it has already happen. An early warning about exhaustion of the current trend can be obtained with rate-of-change or momentum indicators. The most commonly used one is the Relative Strength Indicator (RSI). To calculate it, you need to find an Average Gain and Average Loss during a certain period, typically 9 or 14 days, take a ratio of them RS  Average Gain Average Loss and then calculate RSI 100 100 (1 RS) So, if losses and gains are equal, the RSI is equal to 50, if no gains have occurred during the period, RSI is 0, or if the gains are overwhelming it tends to 100. The rule of thumb is that if RSI reaches 70, the RSI is overbought and the trend will shortly change downwards. This is a high probability sell signal. On contrary, RSI level of 30 indicates an oversold condition and the trend is expected to change upwards shortly. This could be a good opportunity to buy. However, I advise you not to take decisions based solely based on a single indicator, in particular, RSI. Always combine it with Trend analysis. Spoiler Alert: If you are not into manual trading, why not let an automated Robot trade for you? How about trading on Autopilot with a Bitcoin robot? By the end of our ebook, you will learn how you can profit with Bitcoin on Autopilot without need for Math stuff!
18. Elliott Wave Principle Now we will learn about some simple methods to predict future trend development (of course, with a certain degree of probability). How can it be done? Of course, we cannot see into the future, we cannot predict hurricanes, server crashes, law suits or hacker attacks. However, the point is that the evolution of prices depends largely on traders’ psychology; and the behaviour of a large number of people is statistically predictable. A very common method is the Elliott Wave Principle. Back in 1939, observing natural patterns, R.N. Elliott noticed that all cyclical movements occur in some sort of waves, related to Fibonacci numbers. The most common pattern is the so-called “Five- wave pattern”. Three out of five waves (marked 1, 3, 5) follow the trend, while two others (2 and 4) are countertrend interruptions. These interruptions are apparently a requisite for the trend to occur. Typically, this five-wave rise is followed by a three-wave downward correction forming an eight-wave cycle. Interestingly this pattern has a so-called “fractal” structure, in other words, it repeats itself on different scales. If we, for instance, zoom in on waves 1 and 2, we can expect to see a complete eight-wave cycle again. So, the cycles occur on a very different time scale and, by analysing American stock exchange Elliott could discern nine degrees of waves, Elliott Five-Wave pattern
19. from a long-term Grand Cycle down to very short-term Subminuette. The figure shows schematically Elliott Wave for a bullish market, but a similar pattern (now, with a main trend downwards) will occur for a bearish market as well. By following Elliott Wave, you can predict the next move of the market and, for instance, foresee the trend change. Two typical patterns indicating weakness of a bullish market are shown below: truncated fifth wave and diagonal triangles. Elliott Waves Principle and Golden Ratio Another dimension of the Elliott Waves Principle is the Fibonacci sequence. This sequence, in which the sum of two adjacent numbers produces the next element of the sequence, has been known to mathematicians for hundreds of years: 1, 1, 2, 3, 5, 8, 13, 21,… and so on to infinity. This sequence is ubiquitous in Nature and present on all scales from our DNA to the galaxies. One of its features is that the ratio of two subsequent terms approaches 1.618, the famous Golden Ratio. Coming back to the Elliott Waves, so-called Fibonacci retracements help to identify areas of support and resistance. For example, a sharp correction commonly tends to retrace around 0.618 of the preceding wave, while sideways correction often retraces 0.382 of the previous impulse wave. The Golden Ratio is also present as a ratio of the impulse waves, which are often related as equality, 1.618, or 2.618 ratios. Elliott Waves Principle offers you a formidable arsenal for forecasting market movement, but you should always remember that we always talk about probabilities. If the market moves beyond the predicted pattern, meaning that your conclusion is wrong, then the funds at risk should be reclaimed immediately. The science and practice of Elliott Waves is very rich and many observations have been made since the time they were first
20. discovered. If you are interested, you can find a wealth of resources on internet. The web site of Elliott Wave International is a good starting point. Your own trading system? Based on technical analysis knowledge, you can develop your trading system. The firstthing you need to set is the timeframe of your investment. If you can invest a large chunk of money, your preference will be a long-term investment. Long-term technical analysis produces more clear results since you can filterout all these day-to-day price fluctuation and look at long-term trends. If you cannot afford this, it is better to try medium and short range investments. This is a complicated task and I would advise you to start with a long-term technical analysis first,prove your ideas and predictions using historical data, and only then focus on a shorter timeframes. The next task of your trading system is to definethe entry point. The firstthing here is to determine the long-term trend. It is not advisable to open any position if the trend is downwards. The last and the most important task of you trading system is to definethe exit point. You need to decide for yourself when you want to secure your profit (Take Profit level) and also place Stop Loss level in the case when market starts to move in the opposite direction. Spoiler Alert: You can develop your own system OR ... why not let an automated Robot trade for you? How about trading on Autopilot with a Bitcoin robot? By the end of our ebook, you will learn how you can profit with Bitcoin on Autopilot without need to develop a system yourself!
21. Let us try analysing a real Bitcoin chart! Now we know enough to apply some basic technical analysis and try to make a forecast. You already know enough to make a qualified decision. I use the data downloaded from http://bitcoincharts.com/ charts/mtgoxUSD. You can not only plot the Bitcoin price and volume charts on this web site but also get the entire set of data by clicking “Load raw data”. Following the recipes in the previous sections, we did some calculations in MS Excel and plotted the last few months of data together with EMA10, EMA50 and Bollinger Bands. According to the Bollinger band behaviour, we observe tightening of the band which could indicate a forthcoming change in trend. Indeed, the support line was broken on May 26th followed by a downwards price crossover on May 31st and a “dead cross” on Jun 6th. We could therefore conclude that the current Bitcoin trend is downwards. The market can possibly find support at around $100, but the data is inconclusive so far. The advice to a short-term investor would be to wait and not to enter the market at this moment in time.
22. Technical analysis tools and resources Your primary resource in this respect is Mt. Gox. On the page http://bitcoincharts. com/charts/mtgoxUSD, you can select the required set of Bitcoin data and plot major technical indicators, as shown in the figure below. By pressing load raw data, you can obtain a complete set of Bitcoin data, day-by-day, including open, close, high, and Bitcoin charts at Mt. Gox low prices, as well as volume in BTC and USD. There is also a large number of Bitcoin blogs of which I would particularly mention Bitcoin charts and analysis on http://afbitcoins. wordpress.com/ and forum at http://bitcointalk.org I can’t help but mention Metatrader4 here. It is currently the most popular trading tool on the Forex market. The program is actually a terminal that connects you to the up-to-date information on the prices. A wealth of technical tools is included into this incredibly powerful program as well as a built-in macro language and the ability of automated trading. You can also see the historic data, plot different trend lines and indicators, place orders and set automatic stop-loss and take-profit limits and many other things, all within a small program. Although it is not yet possible to trade Bitcoin on
23. Forex (we hope this possibility will be provided shortly), established currency pairs can be traded with bitcoins on Bit4X. This site also offers a demo-account using Metatrader 4 together with a British trading firm,VenetFX. To start trading, you need to register by sending an email to the web-site support team and deposit 10 BTC on your account. Here is a screen shot of Metatrader 4 window: The panels showing real-time data on currency pairs can be conveniently resized, type of graph, timing and other parameters can be adjusted individually for each graph (in the example, I re-scaled GBP/USD graph to show daily information starting from Dec. 2011 and added two trendlines EMA 10 (red) and EMA50 (blue)). To help you with predicting the trends, Fibonacci levels as well as a large number of other technical indicators can be added to the graphs. Spoiler Alert: Too complicated? If you are not into manual trading, why not let an automated Robot trade for you? How about trading on Autopilot with Bitcoin robot? In the next chapter, you will learn how you can profit with Bitcoin on Autopilot without the need for any complex stuff!
24. Automated Bitcoin trading? How Can You Profit with Bitcoin? Just a few years ago, the only way to profit was through so-called “Mining”. This is the “Hard Way”, for which you receive coins by helping the system to verify secure transactions. This process requires a lot of computational power, typically multi-core CPU system or specialized Bitcoin miners. The algorithm is designed in such a way that mining becomes more and more complex and less and less profitable with time. Mining days are over! The time has changed and we are the ONLY solution available to increase your Bitcoins! THE Inflation FREE currency! Bitcoins are limited in amount... you can NOT produce them out of thin air nor reprint them, thereby making them safe from inflation! 100% Secure! NON-CLOSABLE! Bitcoins are unhackable lines of code that you can even stash on your cellphone in an E-wallet or download to a USB stick and keep them SAFE! Pay using them, store them, collect ‘em... the option is yours! To make it even better, Bitcoin is decentralized. No one owns it... it’s like the Internet... you can shut down a machine but you can`t kill it. It’s a living and expanding entity on its own. So, no matter how hard a government might try to put it down... they cannot succeed! The bottom line to EARN them, however, is that...
25. Forex is DEAD! Automated Bitcoin Trading is the ANSWER! Imagine if you had a fully automated Bitcoin trading robot, working for you on autopilot around the clock? Trading Around The Clock??? Even on weekends?? Forget Forex limitations such as not trading on weekends, Bank Holidays and other big bank B.S. Bitcoin is traded around the clock, 24/7, 365 days a year. There are no banks controlling it, meaning we don’t have any bank limitations on the trading time, thereby giving you a unique opportunity to profit around the clock, two extra days a week! The Robot does not sleep, does not take holidays or stop on weekends. It is an everlasting profit machine at your fingertips! TRADING ACCOUNT: $2,714 and Counting! It can be yours right now and it’s a piece of cake to install! ADD TO CART
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27. What’s Behind the Bitcoin Robot Trading Engine? When it comes down to technology and IT developments, hats off, nothing comes close to Russian brains! We united our efforts with a team of the brightest Bitcoin traders and programmers from Russia. Don’t get me wrong though. It’s hard to be a pioneer in the field.It’s even harder to develop the firstfully automated system in the new market. Yes, it was not easy. Over 2 years in development, plenty of trial and error. We really wanted to perfect it. Over 127,199 lines of code. Sleepless nights and betatests in private groups.
28. FAQ: 1. If the Robot wins money, who loses it? Does the Bitcoin exchange lose money if I win and eventually ban my trading? Good question. No, the Bitcoin exchange market does not lose any money due to your profitable trading. In fact, it is gaining a lot of money because they charge 0.4% commission on every trade. For example, yesterday their exchange volume was $512,213 , which means +4000 BTC commission made. The losers are other human traders that do not use automated trading approaches and trade manually or just pay too much when buying Bitcoin! It’s harsh but money is not produced from thin air. It comes from losers that don’t have advanced tools like our Bitcoin Robot and keep trying their luck with old outdated manual systems. 2. How much money do I need to start? Thousands of dollars?? No, you can start as low as $100. This is the main advantage of Bitcoin trading, the entry limit is very low. 3. Is it risky? Can I lose the deposit? You are trading only on your own money without taking huge leverage from the brokers like in Forex, meaning the risk of losing all your money is small to non-existent. 4. Will it provide 100% winning trades? 100% winning systems are impossible, so don’t be fooled by so called “Get Rich scams” promising that.
29. Obviously, our Robot is not a crystal ball and you will have some losing as well as winning trades. The goal is to make a solid net profit monthly. 4. Do I have to keep my computer ON all the time or buy a VPS server like with forex? You can choose between two options. The most affordable Silver plan comes with Windows based software which trades from your own computer. Similar to you trading Forex on Metatrader4 on your computer. So it must be on at all times during trading. If you choose the Gold Plan, the Robot comes fully preinstalled in your web browser based members area! Nothing to setup or configure. It’s completely human error-free 100% autopilot. 5. What if my internet connection gets interrupted during trading? No problem. The Robot will resume trading from the point it left and catch up on the trades. However, if you experience constant internet connection issues in your area, it’s safer and more profitable to use the Gold plan where the Robot is pre-installed on our trading VPS for you! 5. What if many people trade it, will it become less effective? No. The beauty of Bitcoin trading Robot algorithm is that it uses a special trade stealth technology which allows to separate different traders and avoid all of them taking the same trade at the same time overloading the market liquidity. This way Robot stays effective even if many people trade it independently.
30. 6. Is it better than Forex? Yes. Less risky. More profit.No broker spreads or ridiculous commissions. No bank regulations and fees. You get all the profit.You trade 24/7 not 24/5. No bank holidays. You get profit around the clock. No need to install Metatraders and other complicated software. No need to sit and watch charts. No need to buy expensive VPS servers or keep your computer online. 7. Do you trade it yourself? If it is so good, why would you sell it? Yes, we do trade it and you saw the live trading proof. Why do we sell it? We could probably write something hypocritical here, that we want to make everyone rich and happy, but I will be honest with you. We are just greedy. If you have an opportunity to make more money, will you pass it by? The amount of traders using the Robot does not affect its effectiveness, so we thought, why not release it to a limited amount of pioneers who, like us, can take advantage of a growing opportunity. It’s like when people invented the plane; nobody drives such long distances in a car anymore! Same here. Why bother with manual trading, spending the whole of your life glued to the PC when you can use this new technology of automated Bitcoin trading! The world has changed. And so have the tools!
31. Here is what I want you to do next: Get in on the Ground Floor of this Breakthrough Technology! The future is one step away from you. Click HERE and let’s get started! It’s time for you to take action and secure your spot. Remember, the early bird catches the worm. You already missed the early founding Bitcoin days with mining opportunities. It’s still not too late to jump in on the train that is about to leave. Get the Trading System Poised To Create a New Generation of future, successful traders. Pioneer this kind of currency trading with an unlimited potential of future growth. Silver Plan Downloadable Version for Windows Vista/7/8 Easy $149 One-Time License Fee. No Monthly Fees. Choose this option if you prefer to trade the robot from your own computer. Add To Cart Gold Plan Fully Pre-Installed Version 1 Year Service One-Time payment of $248 for a one year membership (no subscription) no additional monthly fees + expedited tickets with support 1 year of premium trading hosting, VPS included! Choose this option if you don’t want to install anything and keep your computer ON. The robot will come preinstalled on our premium trading VPS for you and you will access it simply via your browser through your private members area! Nothing to download or setup Add To Cart Platinum Plan Fully Pre-installed version, Unlimited service Lifetime membership for $498 (unlimited) + 3 years of free trading VPS cloud hosting included + expedited ticket support + personal one- on-one support. Just like in the Gold Plan, the robot will be fully preinstalled on our premium VPS and you will access it simply via Browser in your private members area! Nothing to download or setup Add To Cart
32. To be a successful money maker, you need to stray off the beaten paths... and THIS is your chance now! Who knows what will happen in a year from now? What if everyone owns Bitcoins by then and the market volatility sinks? Thousands of people are buying Bitcoin everyday... you can get ahead of them and profit from the misinformation and from people that pay too much to purchase Bitcoins... but you need to act right here, right now! By the time the gold rush is over, you could have earned tens of thousands of dollars with a small one-time investment ! The Bitcoin Robot is backed by our 60 day money back guarantee... either set it up and profit OR get your money back. You can try it out for a full 60 days, all the risk is on us. Make sure you secure your financial freedom and don’t miss it. You are in the right spot at the right time. It’s up to you now to take action and secure your own passive money-earning Bitcoin robot... and start withdrawing money as early as TOMORROW! Sincerely, the Bitcoin Development Team www. BTCRobot .com
33. abcdefghijklmnopqrstuvwxyzABCDEFGHIJKLMNOPQRSTUVWXYZ.:,;-_!'#+~*@§$%/´`^°|µ()=?[]1234567890 abcdefghijklmnopqrstuvwxyzABCDEFGHIJKLMNOPQRSTUVWXYZ.:,;-_!'#+~*@§$%/´`^°|µ()=?[]1234567890

Original article and pictures take public.slidesharecdn.com site

The Bitcoin Ride T-Shirt

Original article and pictures take www.zazzle.com site

понедельник, 4 декабря 2017 г.

The Bitcoin ETF Holy Grail — Another Firm Attempts the Odds Against SEC

According to public records, another company has filed with the U.S. Securities Exchange Commission to create two bitcoin exchange-traded funds (ETF) based on Bitcoin derivatives. ETF firm Proshares Capital Management aims to get its bitcoin-futures products listed on the New York Stock Exchange (NYSE) with a proposed maximum aggregate offering price of $1M per ETF.

Also read: Ledger Holdings Generates $11.4 Million to Open U.S. Bitcoin Options Exchange

U.S. Firm Proshares Files for Two Bitcoin ETFs

The Bitcoin ETF Holy Grail — Another Firm Attempts the Odds Against SEC — The Proshares Trust II was filed with the SEC on September 27.

Proshares is an ETF management firm that launched in 2006 and offers over 140 alternative funds that cover a broad spectrum of investments. The company has products listed on the NYSE, Chicago Board of Options Exchange (CBOE), Nasdaq, and other mainstream trading platforms. Now the Maryland-based business is creating its “Proshares Trust II” a bitcoin ETF that derives its Net Asset Value (NAV) from derivatives rather than holding the currency in reserves.

Proshares further states in its Form S-1 filing that the Bitcoin-based funds are not appropriate for all investors and investing in the shares involves significant “risks.”

“The funds are not appropriate for all investors and present many different risks than other types of funds, including risks relating to investing in bitcoin futures contracts, exposure to bitcoin, and, in the case of the Inverse Fund, risks associated with the use of leverage,” explains Proshares S-1. “The performance of the bitcoin futures contracts in which each fund invests, and therefore the performance of the funds, can be expected to be very different from the price of bitcoin.

The value of a fund’s investments in bitcoin futures contracts may not be correlated with the price of bitcoin and may go down when the price of bitcoin goes up (and vice versa).

Other Mainstream Bitcoin Investment Vehicles and Attempts

The Proshares ETF filing follows other companies trying to create these bitcoin-based mainstream investment vehicles. Just recently, the U.S. Commodity Futures Trading Commission approved the firm Ledger X’s Swap Execution Facility for bitcoin options. Additionally, the well-known CBOE Holdings Inc. plans to add bitcoin futures to their product list. However, financial management firm, CME Group, said it would stop its plans to list bitcoin futures. The recent filing also follows Grayscale Investments and Van Eck Associates withdrawing proposals for two U.S. based funds.

Bitcoin Technology and Regulatory Guidelines Continue to Evolve

Proshares says it understands that bitcoin is a nascent technology and explains how different the bitcoin economy is throughout the entire S-1 filing. For instance, the firm says “bitcoin is a new technological innovation with a very limited operating history, and the price of bitcoin on the bitcoin exchange market is highly volatile, which could have a negative impact on the performance of Bitcoin Futures Contracts and the performance of the Funds.”

Bitcoin is available for trading 24-hours a day and, as such, the price of bitcoin may change dramatically when the market for bitcoin futures contracts is closed or when shares are not available for trading on the exchange.

In addition to emphasizing that bitcoin is still a very new technology, Proshares also notes that regulatory guidelines towards the decentralized asset are still in the gray area too.

“The global regulatory landscape for bitcoin and other digital assets has been inconsistent and continues to evolve,” Proshares concludes. The U.S. regulatory landscape may give Proshares some trouble with its filing submitted this past Wednesday due to the recent proposal withdrawals of other U.S. ETF attempts. According to Van Eck Associates, the SEC asked the firm in a formal letter to withdraw its trust amendment until bitcoin derivatives instruments exist.

What do you think about Protoshares filing for two new bitcoin-based ETFs? Let us know in the comments below.

Images via Shutterstock, Proshares, and the SEC S-1 filing.

Need to calculate your bitcoin holdings? Check our tools section.

The post The Bitcoin ETF Holy Grail — Another Firm Attempts the Odds Against SEC appeared first on Bitcoin News.

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Original article and pictures take bitcoinlove.xyz site

четверг, 30 ноября 2017 г.

The Bitcoin Dip - We Miss You (Official Music Video)

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Or This Puff Guy: https://www.youtube.com/watch?v=mM0-Z...

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�� I am not a financial adviser and this is not financial advice. I'm just a humble man with a great passion for all things block-chain, even tangle.

Original article and pictures take s.ytimg.com site

The Basics of Bitcoin

What is Bitcoin? I’ve had many people ask me this question because they know that I am familiar with the financial markets. Recently, this question came from my wife. Like many others, she has heard of bitcoin but has no idea what it really is. Well, don’t worry, I’m here to help you understand what Bitcoin is and what it can be used for. Also, how can you participate in this ever-growing movement of bitcoin owners/traders?

To answer this question, I took some time to really do research on the subject. I already knew what bitcoin was, I knew more than the basics but in order to educate others in the subject, I needed to have expert knowledge. So, I spent a few days just reading and researching to learn as much as I can. This article contains the basics of what I have learned. It has been simplified in many instances to help non-technical/ non-financial individuals to walk away feeling satisfied that they finally get it. My hope is to not have you walking away feeling like that guy below:

TheBasicsOfBitcoin2 - The Basics of Bitcoin

Bitcoin and the millennial Generation

If you look at my logo, you can see that it is influenced by the bitcoin revolution. I’m willing to bet that in 20,30,50 years from now, when the world thinks of the millennial generation, they will undoubtedly associate us with the cryptocurrency market (wherever that may be by then). So, let’s get started on what bitcoin is.

What is Bitcoin?

Bitcoin is a cryptocurrency that is electronically created through “mining”. To mine a bitcoin, you need to have really fast and powerful computers that can solve very complex mathematical equations. When the equation is finally solved, the “miner” gets a Bitcoin. Each equation that is solved is more complex than the one before it. Because of this, each Bitcoin that is mined will take more and more computing power than the one before it.

How is Bitcoin printed and how is it used?

This cryptocurrency can be used to buy things electronically just like any fiat currency. It can also be traded on an exchange in the same manner. The only difference is that it is not traded with fiat currencies on the FX. Instead, it has a separate platform of its own.

Bitcoins are not printed like dollars, they are complex and unique and can never be duplicated (theoretically). The decentralization of Bitcoins along with the fact that there can only be 21 million Bitcoins is what makes them special.

Who is the creator of Bitcoin?

Bitcoin was created by Satoshi Nakamoto, a software developer. His idea was to produce a currency independent of any central authority, transferable electronically and as close to instant as possible with very low transaction fees. Bitcoin can be divided into smaller parts however; the smallest divisible amount is one hundred millionth of a Bitcoin which is called a Satoshi (name after the founder).

What is the Blockchain

The Blockchain is a general ledger where Bitcoin stores all the transactions that have ever happened in the network. This is where mined Bitcoins go to be verified. If you have publicly used Bitcoin addresses, anyone can tell how many Bitcoins are in that address because of the blockchain however, because of Bitcoin’s anonymity, they won’t know exactly who the address belongs to.

Also, Bitcoin transactions are nun-refundable unless the recipient agrees to return the Bitcoins back to you. If they don’t, they are gone forever!

Is that it?

Yes, in a nutshell… that is basically it! I told you, I was going to try to make it as simple as possible to understand. If you were able to follow all that then congratulations, you now understand what Bitcoin is, its origin and how it is used. If you think you have additional useful information to add to readers, comment below and tell us your thoughts! Also, don’t forget to subscribe to our newsletter to receive more Bitcoin/cyrptocurrency news along with other financial news and ways to help you reach financial independence.

Original article and pictures take themillennialbull.com site

среда, 29 ноября 2017 г.

The 6 Most Important Cryptocurrencies Other Than Bitcoin

Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on decentralized peer-to-peer network, it’s become the de facto standard for cryptocurrencies. The currencies inspired by Bitcoin are collectively called altcoins and have tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies are easier to mine than Bitcoin is, there are tradeoffs, including greater risk brought on by lesser liquidity, acceptance and value retention. Since Bitcoin prices are soaring new highs, we look at six cryptocurrencies, picked from over 700 (in no specific order) that could be worth your while. (Related reading, see: How Do Bitcoin Investors Combat Price Volatility?)

1) Litecoin (LTC)

Litecoin, launched in the year 2011, was among the initial cryptocurrencies following bitcoin and was often referred to as ‘silver to Bitcoin’s gold.’ It was created by Charlie Lee, a MIT graduate and former Google engineer. Litecoin is based on an open source global payment network that is not controlled by any central authority and uses "scrypt" as a proof of work, which can be decoded with the help of CPUs of consumer grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation. Other than developers, there are a growing number of merchants who accept Litecoin.

2) Ethereum (ETH)

Launched in 2015, Ethereum is a decentralized software platform that enables Smart Contracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control or interference from a third party. During 2014, Ethereum had launched a pre-sale for ether which had received an overwhelming response. The applications on Ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the Ethereum platform, and is sought by mostly developers looking to develop and run applications inside Ethereum. According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). Ethereum (ETH) has a market capitalization of $41.4 billion, second after Bitcoin among all cryptocurrencies. (Related reading: The First-Ever Ethereum IRA is a Game-Changer)

3) Zcash (ZEC)

Zcash, a decentralized and open-source cryptocurrency launched in the latter part of 2016, looks promising. “If Bitcoin is like http for money, Zcash is https," is how Zcash defines itself. Zcash offers privacy and selective transparency of transactions. Thus, like https, Zcash claims to provide extra security or privacy where all transactions are recorded and published on a blockchain, but details such as the sender, recipient, and amount remain private. Zcash offers its users the choice of ‘shielded’ transactions, which allow for content to be encrypted using advanced cryptographic technique or zero-knowledge proof construction called a zk-SNARK developed by its team. (Related reading, see: What Is Zcash?)

4) Dash

Dash (originally known as Darkcoin) is a more secretive version of Bitcoin. Dash offers more anonymity as it works on a decentralized mastercode network that makes transactions almost untraceably. Launched in January 2014, Dash experienced an increasing fan following in a short span of time. This cryptocurrency was created and developed by Evan Duffield and can be mined using a CPU or GPU. In March 2015, ‘Darkcoin’ was rebranded to Dash, which stands for Digital Cash and operates under the ticker – DASH. The rebranding didn't change any of its technological features such as Darksend, InstantX. (Related reading, see: Top Alternative Investments for Retirement)

5) Ripple (XRP)

Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments. Ripple “enables banks to settle cross-border payments in real time, with end-to-end transparency, and at lower costs.” Released in 2012, Ripple currency has a market capitalization of $1.26 billion. Ripple’s consensus ledger -- its method of conformation -- doesn’t need mining, a feature that deviates from bitcoin and altcoins. Since Ripple’s structure doesn't require mining, it reduces the usage of computing power, and minimizes network latency. Ripple believes that ‘distributing value is a powerful way to incentivize certain behaviors’ and thus currently plans to distribute XRP primarily “through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP.”

To learn more about investing in Cryptocurrencies like Ripple, enroll in Investopedia Academy.

6) Monero (XMR)

Monero is a secure, private and untraceable currency. This open source cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven. Monero has been launched with a strong focus on decentralization and scalability, and enables complete privacy by using a special technique called ‘ring signatures.’ With this technique, there appears a group of cryptographic signatures including at least one real participant – but since they all appear valid, the real one cannot be isolated.

The Bottom Line

Bitcoin continues to lead the pack of cryptocurrencies, in terms of market capitalization, user base and popularity. Nevertheless, virtual currencies such as Ethereum and Ripple which are being used more for enterprise solutions are becoming popular, while some altcoins are being endorsed for superior or advanced features vis-à-vis Bitcoins. Going by the current trend, cryptocurrencies are here to stay but how many of them will emerge leaders amid the growing competition within the space will only be revealed with time.

Original article and pictures take i.investopedia.com site

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