Category Archives: Cryptocurrency

Current Airdrops – October 2017

There seem to be a lot of airdrops going on around now, so here’s my take on which ones are worth getting. My primary references for upcoming airdrops are BitcoinTalk and AirdropAlert.

If you do decide to join any, I’ve given a rundown of the basic process on my Airdrops page.

Airdrop (Image: TS J Harper/USAF)
Airdrop (Image: TS J Harper/USAF)

The following are the main Active Airdrops as listed on AirdropAlert (though they changed around even as this was being written):

Spectre (BT): Fairly popular (BT is up to 24 pages). No exchange or Whitepaper. Easy to register. Result: Tried to register, 1st airdrop complete, 2nd not yet open.

Etrust fund (BT): The coin supply is so large (1 trillion) I just can’t see this having any meaningful value. No exchanges listed or pending, no Whitepaper. Result: No action.

420 Tokes: Airdrop closed.

Copy Trader (BT): Has website and Whitepaper but no exchanges. You need to join their Telegram to comply. Result: No action.

Greenbit (BT): Not very popular (17 pages). No exchange or Whitepaper. Looks unprofessional. Result: No action.

eBTGold (BT): Not very popular (11 pages). No exchange or Whitepaper. Looks unprofessional. Result: No action.

iEthereum (BT): Doesn’t pay out until 14 November (‘becouse [sic] of spammers’). Doesn’t look very professional. No exchanges listed or pending, no Whitepaper. Result: Undecided.

YajuCoin (BT): Not very popular (13 pages). Has exchange (CoinsMarkets) but no Whitepaper. Looks unprofessional. You need to download special wallet Result: No action.

Ethernem (BT): Airdrop on 25 November – will return to this one.

POStoken (BT): Looks popular (BT is up to 200 pages). Has exchange (EtherDelta) and Whitepaper. Result: Registered.

eReal: Currently only for Brazilians.

eBit (BT): Reasonably popular (BT is up to 80 pages). Has exchange (EtherDelta) but no Whitepaper. Result: Registered.

Marvel Coin (BT): Reasonably popular (BT is up to 60 pages). Has no exchange or Whitepaper. Lots of spelling mistakes and I suspect there has been no licensing of Marvel imagery. However, registering is easy so there’s little to lose. Result: Registered.

CoinsMet (BT): Not very popular (12 pages). No exchange or Whitepaper. Need to follow on social media to get airdrop. Result: No action.

FujiCoin: Requires joining Bittrex Slack Team. Result: No action.

eDOGE (BT): Fairly popular (24 pages). Has exchange (EtherDelta) but no Whitepaper or website. Easy to join. Result: Registered. Update 21 October: it now looks like a scam.

Ethereum Cash (BT): Reasonably popular (BT is up to 70 pages). Has exchange (EtherDelta) but no Whitepaper. Multiple airdrops with very small time window to claim. Result: Tried to claim but failed.

Ethereum Blue (BT): Evidence of this airdrop, and even the coin, appears to have been deleted.

Botacoin/Adbota (BT): Fairly popular (25 pages). No exchange or Whitepaper but have website and a roadmap. Result: Registered.

ILS Coin (BT): Fairly popular (19 pages). No exchange, Whitepaper or website. Result: No action.

BTCMoon (BT): Airdrop closed.

iBTC (BT): Airdrop closed.

Evolution DASH (BT): Fairly popular (37 pages). No exchange, Whitepaper or website. Easy to join. Result: Registered.

LitecoinStake (BT): Fairly popular (50 pages). Has exchange (CoinsMarkets) but no Whitepaper. Requires downloading and installing a special wallet, and airdrop has low value (about £1). Result: no action.

MyCash (BT): Fairly popular (38 pages). Has Waves exchange but no market exchange, website or Whitepaper. Requires downloading and installing WavesWallet.io. Result: Undecided. Update 21 October: Missed airdrop.

BitcoinG on Waves (BT): Reasonably popular (BT is up to 80 pages). Has Waves exchange but no market exchange, website or Whitepaper. Requires downloading and installing WavesWallet.io. Result: Undecided. Update 21 October: Looks dubious, no action.

 

 

Here’s Another Reason Why Bitcoin Could Soon Hit $6,000

Bitcoin’s price surge following China is thanks in large part to Japan

It took less than a month for bitcoin investors to shake off China’s cryptocurrency crack down and Wall Street naysayers. On Friday, the price of bitcoin jumped within striking distance of $6,000 as optimism surrounding the cryptocurrency reignited thanks in part to traders using the Japanese yen.

Bitcoin (Image: Geralt/Pixabay)
Bitcoin (Image: Geralt/Pixabay)

That comes after the price of bitcoin shot as low as about $3,000 in mid-September, after Chinese authorities shuttered local cryptocurrency exchanges, while J.P. Morgan CEO Jamie Dimon dubbed bitcoin a “fraud.”

But it was neither the U.S. nor China, which have dominated the cryptocurrency markets since its inception, that apparently led to the price of bitcoin to come back up. Until recently, China has represented the majority of bitcoin trading since about late 2013. In 2016 alone, the Chinese yuan represented 96% of all trading with bitcoin, according to data from CryptoCompare, helping the price more than double that year. In fact, trading in China has been so heavy that since 2010, the vast majority of trades has still largely been dominated by the yuan.

Read more: Fortune

Man sells everything he has for Bitcoin

A man upped sticks, sold everything he had for Bitcoin and moved his family to a campsite after claiming that he is waiting for the next “boom” in cryptocurrencies.

Bitcoin Electronic Currency (Image: CanonEOS/MaxPixel)
Bitcoin Electronic Currency (Image: CanonEOS/MaxPixel)

Didi Taihuttu, 39, moved his family to a campsite outside of Venlo in the Netherlands, after putting his house on the market along with other possessions including his car, motorbike, children’s toys and other family consumables.

Bitcoin and Blockchain, the technology behind the currency, eliminates the need for a third party such as a bank or building society to approve payments, as a network of computers keeps a record of all transactions.

The Dutchman believes that the technology is transforming the role of banks in society – and that there is more to be made from the emerging currency.

Read more: Independent

How To Profit From a Bitcoin Crash

Every time there is a crash in cryptocurrencies, the alarm bells ring out and panic often ensues.

People predict the end, see the bubble popping and sell off for a loss.

Bitcoin price chart (Image: geralt/Pixabay)
Bitcoin price chart (Image: geralt/Pixabay)

However, there is another way to look at it, and that is to see a significant drop as a buying opportunity and a chance to profit.

How to profit

There are a few ways to try and cash in on a sharp fall in price of cryptocurrencies. Some are more effective than others, and some more suitable for different types of crashes or currencies. It is up to the investor to decide.

There are five methods described below that can help turn a sickening crash into a chance to make more money than before.

A lot of these methods are well known, and almost cliched, but the real difficulty is not simply knowing them, it is being brave enough to enact them in the face of a collapsing market.

Read more: CoinTelegraph

Cryptocurrencies and Blockchain Are Future

American tech billionaire investor and television personality Mark Cuban has recently claimed that he sees Bitcoin and its underlying Blockchain or distributed ledger technology (DLT) as the way of the future.

Bitcoin Litecoin Keychains (Image: Flickr/BTC Keychain)
Bitcoin Litecoin Keychains (Image: Flickr/BTC Keychain)

He also countered the various claims that the leading digital currency is not real and has no intrinsic value.

In an interview with Bloomberg, the renowned American businessman claimed that Bitcoin is just like the traditional stocks that investors can buy and sell.

“…it’s interesting because I think there are a lot of assets that have values based on just supply and demand. You know, most stocks, they don’t have any intrinsic value, no true ownership rights, no voting rights, you just have the ability to buy and sell those stocks. They’re like baseball cards and I think Bitcoin is the same thing…”

Read more: CoinTelegraph

BlackRock CEO Larry Fink Is a ‘Big Believer’ in Cryptocurrency

The CEO of the world’s largest asset manager sees “huge opportunities” for cryptocurrencies – but argues that work needs to be done before they become more widely accepted.

Cryptocurrency Art Gallery: Litecoin, Ether, Ripple, Bitcoin and Namecoin (Image: Namecoin/Flickr)
Cryptocurrency Art Gallery: Litecoin, Ether, Ripple, Bitcoin and Namecoin (Image: Namecoin/Flickr)

In a new interview with Bloomberg TV, BlackRock chief Larry Fink said that he’s a “big believer”, but that the current market today is primarily focused on speculation. His comments come months after the firm’s chief strategist said that, to him, the cryptocurrency market charts at the time looked “pretty scary.”

Fink said in the interview:

“Related to cryptocurrencies, I’m a big believer in the potential of what a cryptocurrency can do. You see huge opportunities, but what we’re talking about today, it’s much more of a speculative platform, people are speculating on it.”

Read more: Coindesk