YOU ARE ONE WHO INVESTIGATES

YOU ARE ONE WHO INVESTIGATES, RIGHT?

DOES THIS DESCRIBE YOU?

You arrive at this blog searching non Bitcoin terms - but - interestingly, you do have an interest in finding out more about Bitcoin. You probably don't know what the term Blockchain means either. Or, that there are over 800 branded "coins" like Bitcoin on the blockchain technology. You know that you would like to know more - but don't know where to start or who to ask. What luck that you are here today. Here's this blogs best advice.................. The sidebar has "Bitcoin" books and "Bitcoin" links - exploring any of these can be helpful for your learning curve....... But, let's say you simply want to get your feet wet - to actually OWN some Bitcoin - and you are simply wanting to know the first steps on obtaining some Bitcoin............. Cool - because it's not hard to do - but - you DO need to know a few things about OWNING Bitcoin...... First things first - Bitcoin in 2017 is totally legit and you are going to have to identify yourself, and verify yourself, to buy OR to "mine" Bitcoin............Next - there is only a place or two to buy Bitcoin at the lowest price - the main company is called Coinbase. Millions of people have Coinbase accounts. MOST people in America buy their first Bitcoin from Coinbase....... Now, interestingly, Coinbase has an interesting "bonus" to those who sign up - and buy their first 100.00 USD of Bitcoin. BUT - the bonus involves USING AN AFFILIATE link to JOIN Coinbase; I'll explain what and why.......First, ONLY IF you use an affiliate link do you get the Coinbase bonus - this is my Coinbase Affiliate Link - https://www.coinbase.com/join/m4ever - IF you use it when you join and then eventually buy your FIRST 100.00 USD of Bitcoin from Coinbase - THEN THEY GIVE YOU 10.00 USD OF FREE BITCOIN - (They Also Reward Me). It's Coinbase's way to welcome American People to Bitcoin.....IF YOU DO NOT USE THE AFFILIATE LINK TO SIGN UP - THEY DO NOT REWARD YOU EVER FOR YOUR FIRST 100 USD - IT'S THAT SIMPLE...DO YOU WANT 10 FREE USD OF BITCOIN... You too will have an Affiliate Link after you join - make sure to share that with your friends when they want to buy their first Bitcoin. Also, when you join Coinbase... You will automatically also have a Bitcoin wallet (and address) - you will need a Bitcoin Wallet to acquire BTC from the only other method of OWNING Bitcoin - to "Mine" it.... Yes, it's true...you really can become a miner................ And, to some people that means REALLY getting into the entire Blockchain scene, learning the language, becoming experts, and eventually buying Mining Equipment...... And, that is fine for some people. BUT...it is time consuming - AND - Bitcoin machines are notoriously "hot and loud" and somewhat expensive to run as they consume lots of electricity.......Which FINALLY brings us to the last quick tutorial for you... the news that you can also RENT "mining" equipment - by buying what is called Hashpower - from a reputable company..... UNFORTUNATELY, reputable mining companies, are few and far between - indeed - I can ONLY recommend the one I am using myself - Genesis-Mining...... they are a long running mining farm with low electricity costs - and over 500,000 people worldwide are already "mining" with them from buying Hashpower contracts. That hashpower is assigned to your rented machines - which "mine" cryptocurrency daily - you are sent your earnings the following day.... at Genesis Mining there are multiple coins to "mine" and you set the mix of coins you "mine" - and you can change your mix at any time. The return on your investment will ultimately depend on the price of Bitcoin and the coins you choose to "mine". Obviously, if you re-invest your returns in buying additional hashpower - your ROI will be quicker. Indeed, after a number of months (less than a year currently) you will be "up" and earning daily bitcoin value indefinitely....it's a longer term view - if a year is to be considered long term. And, like Coinbase, Genesis-Mining also has a "win-win" Affiliate Program for new users - IF you use a PROMO code to buy your "mining contract/Hashpower" - you save 3% on your cost (you pay full price if you don't use the promo/coupon code) - AND - they also provide me a bit of FREE Hashpower for bringing you into the "mining" spectrum. "Mining Contracts" begin at ONLY 30.00 USD,it's a no brainer - Here's my Genesis Mining Code (you can see it in other places on this blog too) lcS0Un - use the code when you sign up. Just click the links, or click the banner at the top of the sidebar. Thanks.

YOUR BITCOIN - MAKES YOU A MICRO-LENDER BANK - CHECK THIS OUT

Tuesday, April 21, 2015

Art Project Robot Uses Bitcoin - Gets Arrested

Bitcoin Winner

Yes, Rand Paul made sure to attend a Bitcoin event and has been accepting BTC in his campaign... yeah a bit of an endorsement.


Bitcoin - Barf... Stew

Don't know how much `art' is involved here as it certainly continues the march to discredit Bitcoin and it's potential uses. Could even be a `plant' robot?..... Just kidding...art at work showing how anything can be gotten on the internet.. with money or bitcoin and by a human or by a robot. Here's the Full Story With The Place The Bitcoin Drugs Were Purchased - a CNBC link?..... HMMM.
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More Bitcoin .... Stew
The 18 million dollars that backed `Ethereum' is getting a bit Antsy to see that their investment ... was an investment and not `vaporware'. Many coins are using a slow and go approach to the changing landscape... some are hiring serious folks with big credentials in the `normal' business world - Like Ripple Labs (RippleCoin) hiring a former Yahoo executive... `serious' coins instead of shit coins... but if there isn't a difference????
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Bitcoin BARF

As you know,,,, bitcoin is rife with ripoffs in these days of the wild west... so much so with scams like doubling your bitcoin ... that the number of websites now potentially suspected of foul play number in the 100's and will soon reach 1000 (at 600 with more daily).... so, I've added this important link into the sidebar in CAPS... be very careful with all your bitcoin.... it could just vanish... BAD BITCOIN INDEX LIST.
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Bitcoin STEW

Oh, the 7th month of the on-going national Bitcoin perception survey continues to find a fairly dire situation with about the only uptick being in `useful in the future'.... usage ... ever bitcoin usage seems stuck in the 5-7% range... not even increasing as it should over time. See the link in the sidebar for more info.
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ADVERTISERS.... this website is now getting over 1000 page views a day and minutes of each visitors time.... why not buy a leader board ad above the fold today? Other choices available too.
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Saturday, April 18, 2015

Low In Trade Volume = Barf Coins?

As I've noted before in this blog... occasionally the `threat' of being `delisted' on a major cryptocurrency exchange .. is a rare opportunity for big `profits' - when a coin is resurrected from the fire pit of being cinder - by huge crowds buying in volume to save it. I have at least one trade like that with my fingers crossed.

That said, generally - it is the knell of death... the end of the coins viability.. the end of a `market cap'. And, some exchanges as you know add a lot of `barf' coins that end up in the crappola pile when delisted..... Bittrex is like all exchanges... rotating the coins they list - as there are many coins wishing to on the exchanges and ones already there but not traded by anyone ... eventually get the Bittrex warning of being delisted... something the community is altered to with symbols next to the coins name. The latest round has a number of potential casualties that we bring to you below.... presenting... 


The Barf List
(warned of April 24th Delisting On Bittrex)

ApexCoin
Snowballs
CleverHash
GameLeagueCoin
Gnosis
LibrexCoin
MalibuCoin
MultiwalletCoin
PenCoin
SeedCoin
ShribeCoin
PetroDollar
BritCoin
AriCoin
Bitmark
SecurityCoin
NakamotoDark 
UmbrellaLTC
NobleCoin
RiskCoin
GoldPieces
Nubits
BitMiles
ExtractCoin
LyraBar
VirtualMiningCoin
CheckCoin
WankCoin
ViorCoin
EMoney
LitecoinDark
10KCoin
LemurCoin
CamorraCoin
CraigsCoin
EagsCurrency
Ascension
VidioShare
NooCoin
RootCoin
BollywoodCoin
WorldTradeFunds
X-Coin
HempCoin
BitstarCoin
SupCoin
KeyCoin
EventToken
UtilityCoin
DarkGold
BoomCoin
Triangles
SuperCoin
CryptCoin
BitcoinFast
ExclusiveCoin
NautilusCoin
SembroToken
SMAC
KoboCoin
Munne
GamerholicCoin
MasterTraderCoin
SativeCoin
BitBean
InstaMineNugget
Unitus
DopeCoin
MetalCoin
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Now clearly the last dozen or so have shown a significant increase in trading and have little concern for now of being delisted... but.. being on this list can be like a shot across the bow of the ship. 

Or.. a coming torpedo.

UPDATE
and these are being threatened with de-listing at C-Cex

Twenty15 [2015], Abundance [ABC2], Bitquark [BTQ], GlobalBoost-Y [BSTY], CataloniaCoin [CATC], DogeBlackCoin [DOGEB], EagsCurrency [EAGS], Einsteinium [EMC2], ErmisCoin [ERM], GIMPcoin [GIMP], GoldPieces [GP], HellasCoin [HLC], IncaKoin [NKA], Kryptonite [KRYP], MozzShare [MLS], MistCoin [MIC], MotoCoin [MOTO], Prime-XI [PXI], ResumeoShares [RMS], SmileyCoin [SMLY], SpreadCoin [SPR], VorteX [VTX], WorldTradeFunds [XWT], Magi [XMG], RhinoCoin [XRC]. 

Happy Trading
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Beware in these wild west days of trading... your `virtual value' can vanish... as if it never existed... be aware of your portfolio. 
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Thanks For Your Readership
Have A Look Around










Tuesday, April 14, 2015

What I'm Trading On Poloniex

Or should that be ON Poloniex... anyway on Polo currently I'm divided between four cryptocurrencies.... we'll see how they do over time hopefully too.
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Poloniex

Currently
`Vericoin Exchange'
I bought in at 6400 on 4/12 and have no sell position - really like the slow recovery of this coin value... PR page too.
Current Price 
6837-6869

`New Economy Movement'
Bought this new and falling price coin from 124-97 on 4/3-4/7. Like name and the multiple exchanges adding this coin quickly move.
Have sell position at 179 and hold 1/2 in no position. May lower price target a bit but this is certainly a coin that could have a run or two upwards..and will stick with it.
Current Price
73-74

`Stellar Exchange'
Bought Stellar on 4/5-4/7 for 1019-1046 as it appeared to have bottomed - Hold no sell position.
Current Price
1216-1217

`Counterparty Exchange'
Bought at 494238 on 3/12 and have been selling pieces of it since. Bought and still hold as much as any of the others based on it being mentioned as a coin that is being used or going to be used for BANKING transactions of some sort. Long term hold at this level for me.
Current Price
432000
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After several months at Poloniex.... I'm up about 12% from my initial stake... one of my worst performing exchanges. But, one with the most potential IMO too.
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How about some Bitcoin news... the barf, stew and winners.
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a continuation of what happened in Sept. last year really.

he's a gutsy politician indeed

could this be as disruptive as Uber?
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Hey, thanks for the read... why not bookmark for the future?
And, if you are a male and you haven't seen the archive...you could be here all-day.





Tuesday, April 7, 2015

Bitcoin Dreams..... Prior To Sept 2016

I began this post weeks ago... it's a deeper one.... sorry for the lack of posting as I have been active in crypto and have more stories to share beyond this post. Also, this blog is now getting over 1,000 page views a day lately... much traffic from Germany too... thanks.
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Tis the season for Bitcoin `pipe dreams' --- those who fancy that the new currency could again `take off' in a straight upward move in value. But, will that ever happen again... or are there now constraints via the marketplace (including options) to dampen that occurrence. And, what about the coming `halfing' of the block reward in Sept. 2016... will a panic set in then... 3 months before... 6 months before?

And, these pipe dreams I refer to in bitcoin value are not limited to a spike from a couple hundred to 1,500 like before... these are the dreams of each coin worth 50 thousand or even 100 grand or more. BITS of dreams. But, what is it that makes value? Is it literally JUST The value of the electricity? Some interesting ideas are to be found in this very deep look at the value of Bitcoin and the value of the alternative currencies too. http://bravenewcoin.com/news/bitcoins-value-mining/ Indeed, I will be looking deeper now at some of the tenets contained in the article... providing some feedback I've gotten about the article from two coin developers... and examine what value really is... perhaps.

This is how the article begins: RED is my emphasis
Bitcoins Value: Mining
Posted by Adam Hayes on 15 March 2015 | Comments
In my previous article empirical research analyzing the data from a number of cryptocurrencies found that value formation occurred at the margin. In other words, it is how many units of a cryptocurrency can be found over some interval with a given amount of mining effort. What's more is that because only Bitcoin has practical use-value for real world applications, a rational, profit-motivated miner will only mine for an altcoin if they can earn effectively more BTC/day than directing their hashing power at Bitcoin directly. As a result, altcoins find themselves always offered in the Altcoin/BTC marketplace and have the tendency to fall in price over time relative to Bitcoin. In fact, this is what has been observed in the market: over the past six months Litecoin is down 41%; Dogecoin -25%; Peercoin -50%; Reddcoin -50%; Namecoin -43%; Nextcoin -40%;  Blackcoin -91%; and so on. The Altcoin200 Index, a BTC-denominated market-cap weighted index of the largest 200 cryptocurrencies excluding Litecoin and Ripple is down over 20% since the start of the year.
So the first point is the seemingly downward trend compared to the last 6 months in the pricing of the alt market (after it's EXPLOSION into existence... so perhaps not really a fair correlation) as it finds A RELATIVE value for coins beyond their `trading value'.... Indeed I highlight the above saying that ONLY Bitcoin has `real world applications'..... as IMO that isn't true and a number of coins can now be spent and used in a variety of manners. 
And, additionally IMO... some will be finding a value outside of a direct tie to exchanging for bitcoin (but everything is interchangable of course). I think of coins that are moving into the banking arena and such. Other coins for gaming... others for perhaps a Nation such as Maza coin... or even the various niche coins that might serve a noble purpose or two.
The marginal cost, in the case of Bitcoin, is energy. Because miners cannot (yet) pay for their electricity costs in BTC, the dollar- (or euro or yuan etc.) price of electricity becomes an important variable. The energy efficiency of the mining hardware is also important, as it determines how much electricity will be consumed per unit of mining power. Today, the world average price of electricity is somewhere around 12.5 to 13 cents per kilowatt-hour (kWh), and the average efficiency for an ASIC mining rig deployed today is around 0.9 – 1.0 watts per GigaHash/second (or Joules per GigaHash). Knowing these two values, a miner can determine their cost of production per day:
$cost/day = ($price per kWh x 24 hr/day x W per GH/s) x (GH of mining rig / 1000)
It is the average cost across the entire network of miners which regulates the marginal cost for mining. There will be individual mining operations with very low cost of electricity, perhaps in Iceland, or with the latest cutting edge energy-efficient hardware. There will also be miners still running obsolete equipment or in regions with very high electricity cost in hopes that the price of Bitcoin will one day increase sufficiently to cover their daily operating losses. What matters is the average.
This fine article then goes on to point out the seemingly direct price correlation currently to the price o BTC and the price of electricity... not taking into account that the `median' price may not be where BTC is being produced and that therefore many other assumptions get called into question about the ultimate value. But without question slowly the move to efficiency and low production takes place... making the market even more valid and profitable.
The article later continues with:
This is only an objective calculation, and a reasonable explanation of why the actual market price trades consistently above this value is that there exists a number of subjective motivations for mining that also confer value. There is certainly a speculative premium, and many miners hoard either all or part of their production. The assumption in the objective production model is that all miners bring their product to market for sale each day, which is certainly not the case for everybody. Individual decision makers may undertake mining even at a loss if they believe that there will be a large enough potential upside at some point in the future. Others may be drawn to the anonymity or decentralized nature of Bitcoin.
Bingo the `objective' production model assumption is NOT true and is too much of a basis for this total speculation about the ultimate value.

BITCOIN IS HEADED TO $548.00 on 9/2016?
BUT IS ARMAGEDDON COMING?
Unlike most commodities where the supply can change quickly to accommodate fluctuations in demand, the supply of bitcoin is hardwired at a steady rate of one block every ten minutes with the difficulty setting adjusting up and down to maintain that linear rate of production through time. If miners are not able to supply enough new coins to meet an influx of new demand, the market price can see increases while the cost of production remains largely the same –  inducing more miners to increase their mining efforts. This will cause the difficulty to increase, raising the cost of production until presumably a new break-even level is reached.
One final insight that could have sizable consequences for the objective value of bitcoin relates to the block reward amount and how changes in it will impact BTC/day production. When bitcoin was launched, each block mined was composed of 50 bitcoins. That amount is set to halve every four years, and in 2012 the block reward became 25. The block reward will again halve to 12.5 bitcoins per block, expected mid-September, 2016, and will again in the year 2020 and so on. If we refer to the illustrative example above and substitute a 12.5 BTC block reward for the current 25, the expected BTC/day' becomes half of 0.010604, which is 0.0005302 per 1,000 GH/s. Given that new BTC/day', the break-even price for a bitcoin increases to $548.30, holding all else constant (the difficulty and cost per day remains the same). If the market price of bitcoin does not increase in turn, it will suggest that the break-even efficiency will also decrease by half. This could have the effect of eliminating all but the most efficient producers all at once.
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So alot could be coming in regards to the value and pricing of Bitcoin... meanwhile... some say things such as will BTC go to 100,000 or will 1000 coins go to 1000? The stuff dreams are made of Bitcoin Dreams.
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More BTC Links Worthy Of Your Read
Mazacoin gets mentioned
100,000.00 Pipedream?
is this to be the NEW standard? (I like it)
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Thanks For Your Readership
MORE VERY SOON
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