StarbucksCoin? Exec Says Coffee Seller Will 'Probably' Use Blockchain

StarbucksCoin?

Exec Says Coffee Seller Will 'Probably' Use Blockchain

Starbucks is likely to utilize blockchain technology

as part of a new payments app, executive chairman Howard Shultz said Tuesday. Speaking with Maria Bartiromo during a Fox Business segment, Schultz discussed the use of a "proprietary digital currency" in conjunction with the payments app. When asked whether the coffee retailer would use blockchain in conjunction with the initiative – as opposed to a more centralized system of accounting – Schultz said that the company "probably" would move in that direction. "I think blockchain technology is probably the rails in which an integrated app at Starbucks will be sitting on top of," he commented.

His comments come roughly a month after the former chief executive spoke broadly during an earnings call about the chain's plans to utilize the tech, especially on the payments front (although he dismissed the idea that the company would use bitcoin in some way). At the time, Schultz suggested that the tech may play a role in how Starbucks works to "expand digital customer relationships," though it remains to be seen how blockchain is ultimately used in practice by the company. "I believe that we are heading into a new age, in which blockchain technology is going to provide a significant level of a digital currency that is going to have a consumer application," he remarked during the earnings call.

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StarbucksCoin? Exec Says Coffee Seller Will 'Probably' Use Blockchain

Venezuelan Leader Claims Big Demand for Petro Cryptocurrency

Venezuelan Leader Claims Big Demand for Petro Cryptocurrency

Venezuela president Nicolas Maduro said the government

has received more than 171,000 certified purchase orders for the petro, the country's forthcoming cryptocurrency. In a Twitter post, the country's leader claimed that 40.8 percent of the purchase orders were in U.S. dollars, 6.5 percent were in euros, 18.4 percent were in ethereum and 33.8 percent were in bitcoin. He further claimed that more than 3,500 companies placed bids for petro tokens. The remaining 82,000 purchasers are individuals, according to

Venezuela-based news group teleSUR.

#ANUNCIO "Hasta el día de hoy hemos recibido 171 mil ofertas de intención de compras certificadas para el Petro, 40.8% en $, 6.5% en €, 18.4% en Ethereum , 33.8% en Bitcoin, de las cuales 3523 ofertas son de empresas" manifestó el Pdte.

No information was provided as to who the purchasers are, or what certification procedures were followed. Despite these claims, the Caracas Chronicles pointed out that no petro tokens have yet been distributed to any potential purchasers. Indeed, a look at the NEM transaction ledger shows that the Venezuelan government's petro address still has ownership of all 100 million tokens.

Maduro last week claimed that the petro pre-sale, which will continue through the beginning of March, raised $735 million during its first day, as previously reported. However, he has not released any evidence to support this number. The lack of transfers from the government wallet has not stopped cryptocurrency exchanges from trying to set up shop in the South American nation, however. As previously reported, government documents indicate that eight exchanges may be allowed to set up in the country initially, and some groups have begun efforts to do so.

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Venezuelan Leader Claims Big Demand for Petro Cryptocurrency

Be thankful for bitcoin, even if you think it’s a scam

You don’t have to believe bitcoin will herald a new era of nationless, inflationless finance to appreciate that it’s already achieved something previously unthinkable

Don Quixote put a barber's basin on his head

and said it was the golden helmet of Mambrino. This is how bitcoin — and all money — is made.You should be thankful for bitcoin even if you didn’t get rich, even if you think it’s a scam, and even if the Winklevoss twins don’t feature in your fantasies of financial utopia. You should be thankful for bitcoin even if it was invented by a comic-book supervillain, and even if the code he futzed with in his basement a decade ago multiplied into a power-hungry Napoleon testing the limits of our electrical and electoral grids — as well as our sanity. You should be thankful for bitcoin even if it means every financial transaction in history will be written onto one of those endlessly long drugstore receipts.

You should be thankful for bitcoin even if the most profitable use of all the world’s computing power today is solving Sudoku puzzles (in order to generate that endlessly long drugstore receipt). You should be thankful for bitcoin even if the insufferable tech bros and their Sudoku-solving supercomputers both spend their days running an infinite loop of the same word: “mine, mine, mine, mine, mine … ” We should all be thankful for bitcoin, in fact, because bitcoin made us all think. I know. I know. “Think?” Hasn’t bitcoin mania caused people to do the opposite of thinking? Yes. If all the bubbles in history from Dutch tulips to Disney superhero movies teach us anything, it’s that greed doesn’t heed.

And yet, bitcoin BTCUSD, +6.33% has made us think. It’s made us think about the very nature of money, the sheer weirdness of money, which most of the time we’re too busy spending, saving or worrying about to actually think about. In the past month alone I heard kids on the subway debating fiat currency, Uber drivers ranting about central bankers — hell, even my mom has had some choice words about the best store of value. You don’t have to believe bitcoin will herald a new era of nationless, inflationless finance to appreciate that it’s already achieved something unthinkable.

Bitcoin is a philosopher’s stone. It’s also a pet rock. It’s worthless, and it’s worth millions. It’s magic, and it’s marketing — and it reminds us that these same contradictions are true of all money. What is money? Dictionaries and economics textbooks prove inadequate to answer, as Dickens’s flustered Mr. Dombey demonstrates when his son poses the question. Money is “coined liberty,” says Dostoyevsky. It is “frozen desire,” the writer James Buchan puts it in his superb book by the same title. “Money takes wishes, however vague or trivial or atrocious, and broadcasts them to the world, like the

Mayday of a ship in difficulties.”

Is it really so absurd that some dude from MIT can point a finger and declare, ‘Let there be Litecoin,’ and suddenly he has enough cash to buy his own Caribbean island?

 

Money is a “social technology,” the economist Felix Martin says — one of the twin pillars on which civilization was built. Writing was the other. Of course, writing was originally money, too. When prehistoric Steve Jobs unveiled the invention of writing in his Mesopotamian keynote five thousand years ago, writing’s killer app wasn’t poetry, philosophy or presidential tweets — it was keeping track of debts. The early adopters were the proto-CPAs, and they probably drove all their friends bananas gushing about the stone slab’s cuneiform factor.

All of this is to say the most important thing to remember about money is that we made it all up. Money is an act of imagination. It’s a fiction. The great American novel isn’t “Huck”; it’s the buck. With that in mind, is it really so absurd that some dude from MIT can point a finger and declare, “Let there be Litecoin,” and suddenly he has enough cash to buy his own Caribbean island? OK. That is still pretty absurd. It’s as absurd as Don Quixote putting a barber’s basin on his head and insisting it’s the gold helmet of Mambrino. But if enough people believed Don Quixote or the dude from MIT, would it not be so?

Why do you think money is stamped with the words “In God we trust”? Money is a leap of faith. Even when we had the gold standard, we really only had the god standard. It’s not a god we are trusting in, however, but each other. The word credit literally means belief, my colleague Jason Zweig of the Wall Street Journal points out.

Money is ultimately backed by faith in our institutions, our government and our Facebook FB, +0.36% friends. The dollar is the value and values of America rendered into an abstraction, allowing us to trade and transact with strangers we might otherwise not trust. Bitcoin and other cryptocurrencies are more atheistic. They run on an almost paranoiac guiding principle to trust nothing and encrypt everything — which, admittedly, isn’t as catchy a slogan. Bitcoin would be better off adopting the motto Benjamin Franklin advocated for America’s coins: “Mind your business.”

In our galaxy, money is the Force: It surrounds us, penetrates us, binds us together. Money is also the Matrix: an illusion, a simulation, a game we are all playing. Bitcoin is the red pill Laurence Fishburne gives Keanu Reeves to show him the “real world.” It’s given us a glimpse of the wires and duct work underpinning our moneyed world. Bitcoin is “forcing people to reckon with the fact that all money is virtual,” Felix Martin told me. “And this reckoning is and always has been discombobulating for people.”

No matter what you think of capitalism and free markets, money and the symphony of financial instruments performing its music have made possible much of our scientific, artistic and social achievements. As Niall Ferguson relates in “The Ascent of Money,” the advent of banking, insurance, double-entry bookkeeping, mortgages, bonds, stocks, derivatives and the Dow Jones Industrial Average DJIA, +0.91% all stoked innovation and the betterment of the human enterprise. Has the financial system also inflicted pain, suffering and alienation? Without a doubt. Could it be better and fairer? Yes.

This brings us to the second most important thing bitcoin reminds us about money: We can change it. Consider gold. One of the ironies of gold GCG8, +0.93% is that what was originally prized as the most malleable of all metals is now prized for being the least malleable of all assets. Though many have described it as “digital gold,” bitcoin demonstrates that money itself is flexible. It is continuously evolving. We created it, and we can re-create it. Money is a medium of world change. It can be a force for good in the world, and when it isn’t we can upgrade its operating system to be fairer, faster and more efficient.

So no matter what Warren Buffett, Jamie Dimon, Paul Krugman and all the other naysaying titans of finance and economics say about bitcoin, we are all indebted to the comic-book villain who invented it. Don’t put your whole 401(k) into cryptos, don’t jump on the bandwagon, but do give it some thought. Do try it out. Play some Sudoku. Write yourself onto that endless drugstore receipt. Bitcoin, after all, is the new Oprah: Everyone gets a Lamborghini — and then we get to complain about the taxes. Well, at least we get to complain about the taxes.

Chuck Reynolds

Marketing Dept

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Be thankful for bitcoin, even if you think it's a scam

Without Mentioning Blockchain,

Putin Says That Russia Must Stay Ahead In Technology

During a meeting with Herman Gref,

the president of Russia’s largest bank Sberbank, Russian President Vladimir Putin spoke about the importance of not falling behind in Blockchain development. Sberbank already introduced Blockchain in their document transfer and storage systems by partnering with Russia’s Federal Antimonopoly Service (FAS) in December of last year. The bank is also reportedly soon opening a cryptocurrency exchange in Switzerland. Gref addressed Putin directly, speaking about what he sees as the need for programs for training professionals in Blockchain due to the sheer size of the industry worldwide. Gref also spoke of a need for “very careful regulation,” not “prohibitions,” in order to promote innovation.

In response, Putin, without specifically mentioning Blockchain, brings up the question of why Russia needs this industry, when “we have everything […] oil, gas, coal, metals of all kinds […] gold, platinum, diamonds, everything!” He then says that the industry is developing well in Russia and has a “good intellectual base.” Putin then adds that Russia needs its own “burst,” and quotes an analogy given by a former minister of oil of an

unnamed Arab country:

“The Stone Age did not end due to the lack of stones, but because new technologies appeared.”

In Putin’s opinion, countries that are late to adopting this new technology, which he never mentions by name, “will very quickly fall under the dependence of the leaders of this development,” which is something that

“Russia cannot allow this in any case:”

“We need to take the maximum advantage of these factors […] to guarantee this progress into the future.”

Putin has brought up the idea in the past of Russia launching its own “CryptoRuble,” but its legality and launch is a continuous grey area. More recently, in January of this year, after consulting with Ethereum co-founder Vitalik Buterin, Putin suggested launching a new multinational cryptocurrency to be adopted by BRICS and EEU countries to take advantage of Blockchain and smart contracts.

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Without Mentioning Blockchain, Putin Says That Russia Must Stay Ahead In Technology

China Mining Co. Bitmain Shows Higher 2017 Profits Than US GPU Giant Nvidia, Report Finds

China Mining Co. Bitmain Shows Higher 2017 Profits Than US GPU Giant Nvidia, Report Finds

Chinese mining hardware giant Bitmain has reportedly

made higher profits in 2017 than long time American graphics processing unit (GPU) manufacturer Nvidia, CNBC reported Feb. 23. CNBC writes that according to a report published Feb. 21 from investment research company Bernstein, the four-year-old Bitmain reportedly made between $3 and $4 billion in operating profit in 2017, whereas Nvidia, founded 24 years ago, made about $3 billion during the same period.  

Bitmain, founded in 2013 by Jihan Wu and Micree Zhan, uses Application-Specific Integrated Circuit (ASIC) cards to mine Bitcoin (BTC), sells ASIC-powered AntMiner BTC mining rigs, and also operates “mining pools”, a system in which cryptocurrency miners share resources and split rewards. Nvidia-manufactured graphics cards reportedly tend to appeal more to “hobby miners”, who may choose to buy a conventional GPU, rather than investing in a more powerful and expensive ASIC-powered rig, like Bitmain’s AntMiner.

The Bernstein analysis reports that Bitmain holds 70 to 80 percent of the market for Bitcoin miners and ASIC cards, with most of the revenue made from selling the mining rigs, “and, to a much lesser extent, by collecting management fees from the mining pools it operates and renting out the mining power of its mining farms through cloud services." The rising price of BTC in 2017 especially has also contributed to Bitmain’s profits, for the Bernstein report writes that, "Bitmain shrewdly adjusts the prices of miners according to bitcoin prices."

When the price of BTC rose to $20,000 in December 2017, Bernstein reported that the price of Bitmain’s Antminer S9 hit almost $5000. The Taiwanese manufacturer TSMC that supplies ASIC chips to Bitmain had signed a deal with Samsung in late January of this year. The Bernstein analysts say that Bitmain’s dealings with TSMS “contributed 2 to 3 percent of the chipmaker's total revenue last year.” After China’s crackdown on the cryptocurrency industry within the country, including banning both Initial Coin Offerings (ICO) and foreign exchanges, Bitmain has attempted to circumvent regulations by opening mining farms in Canada and Switzerland, a mining pool subsidiary in Israel, and regional headquarter in Singapore, the Bernstein report notes. Bitmain’s "massive cash position" and the fact that it sells chips to miners, as opposed to mining itself, protects the company from slumps like those earlier this month, when BTC’s price dropped below $7000.

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German Research Institute To Use Blockchain For Radio-Frequency ID Sensor Systems

The Fraunhofer Institute for Photonic Microsystems (IPMS),

based in Dresden, Germany, intends to use Blockchain concepts for the development of wireless radio-frequency identification (RFID) sensor systems in the logistics sector, according to a Feb. 22 press release. The use of Blockchain solutions for the decentralized storage of data generated by RFID sensors could be made possible in this context through unique approaches to each client. Fraunhofer IPMS develops individual hardware and software solutions for its customers and analyzes their individual requirements using simulations.

Although Fraunhofer IPMS does not yet offer a finished product with Blockchain integration, they will present software solutions for wireless RFID sensor systems that can be extended with Blockchain technology at the Trade Fair for Intralogistics Solutions and Process Management (LogiMat). The event, which will take place between March 13-15, 2018 in Stuttgart, Germany, is the largest European trade fair for the logistics sector.

According to the institute’s press release, Fraunhofer IPMS sees great potential in using Blockchain technology for data management of supply chains in automation and logistics processes and says it could “speed up deliveries, avoid fraud and errors, and reduce scrap and costs.” Dr. Andreas Weder, team leader at Fraunhofer IPMS, said that storing the data generated by RFID sensor transponders on a Blockchain makes them reliably traceable for all participants in

the supply chain:

“Our passive RFID sensor transponders measure physical parameters such as humidity, vibration or temperature and transmit them wirelessly to a reader that also provides the energy.”

The German lobby group Blockchain Bundesverband had said earlier this month that the German government will create a legal framework for regulating Blockchain technologies in a move to “welcom[e] the Blockchain industry” to the country.

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China Mining Co. Bitmain Shows Higher 2017 Profits Than US GPU Giant Nvidia, Report Finds

Reasons Why 2018 could be the best year yet for cryptocurrencies

• Hosp has explained before why a potential cryptocurrency bubble could burst in 2018, but there are several factors that make him see upside potential in the space.


• For bitcoin, the most important cryptocurrency by his estimation, he sees a 150 percent potential upside for 2018.


• Taking into account several factors, the cryptocurrency market's upside potential could rise to up to seven or eight times present levels, he says.

It is explained why a potential cryptocurrency bubble

could burst in 2018. Many people asked me afterward: If I'm so skeptical about the space, why am I invested in it? Let me clarify. I'm someone who always calculates the potential upsides and downsides, and I think many people take unnecessary risks: They either invest too much or too little because they don't do proper analysis. So I want to highlight five reasons why 2018 might be the best ever year for cryptocurrencies and why I'm heavily invested in them.

The work on scaling issues

Bitcoin (BTC) is the most important cryptocurrency. Most government-backed money that goes in and out of crypto goes through bitcoin, so what happens to the original cryptocurrency affects the entire market. The token's market dominance stood at about 40 percent as of Wednesday. By my estimates, however, it's clear bitcoin's market dominance should return to 75 percent of the entire space. I actually see a 150 percent potential upside in bitcoin for 2018.

Why? Well, BTC is still dominant. It has the biggest user base and the biggest industry. Still, it faces a challenge in scaling up for wider use. Bitcoin now can't handle more than six or seven (or, with the "Segregated Witness" protocol upgrade, it's 12 to 14) transactions a second. Compare that with credit cards, which involve thousands of transactions per second, so the criticism about bitcoin's ability to be useful at larger scales is understandable.

The scalability challenge results in high fees as well.

What is the solution? It is the so-called second-layer peer-to-peer off-chain networks. To cite an example, look at the Lightning Network. Created by Blockstream, the Lightning Network allows for transactions off the blockchain, thereby decreasing the transaction costs almost to zero and increasing the speed and scalability almost infinitely. And it's just getting started. As you can see from this map, more and more nodes as well as channels are being established. It is growing exponentially. In the coming months, we will see a sharp uptick in transactions and the use of more bitcoin in these channels. What's more, the Lightning Network doesn't have any fee. In other words, second-layer networks solve the problems bitcoin faces — scalability and lack of liquidity. That could be a key reason why bitcoin surges this year.

At the end of 2017, I foresaw that bitcoin would drop as low as $5,000 — but it could potentially climb to as high as $60,000. Lightning Network will have a big impact on the potential upside. There are also other second-layer projects like Rootstock that would allow computations similar to those of ethereum (a blockchain-based computing platform that supports another cryptocurrency named ether) to be done through bitcoin. Exciting projects such as those could cause a significant spike in BTC. I would dare say in the realm of 60 to 70 percent with the potential upside of 100 percent — and maybe even more.

Large scale and more legitimate ICOs

Like last year, initial coin offerings (ICOs) will impact the ethereum network because ICOs usually require plenty of ether. That will buttress the demand for the platform's digital coin. More legitimate ICOs will lead to greater interest in ether as we are already seeing with the billion-dollar ICO of messaging app provider Telegram and that of Kodak. That means we could see a rise in the market cap of ethereum to $200 billion by the end of the year from less than $90 billion on Wednesday. The cryptocurrency's price could possibly double to $2,000. Though other platforms could see similar gains, I believe ethereum will be the main focus.

Regulation

Many believe regulations hurt markets, but that is a short-sighted perspective. In the long run, companies require rules for the sake of legal stability and certainty. Regulation gives users and institutional clients the confidence to invest. We saw something similar when Japan started regulating bitcoin. The market dropped initially, but it rose eventually. Ditto in Australia. Other countries could follow the same rule book — I think we are going to see something like that with South Korea and probably many others — but the market's fate will be no different than after what played out in Japan and Australia.

A lot of execution and usability

There are several start-ups like my own that offer debit cards to help people spend their cryptocurrency holdings. That means the number of users and merchants is set to increase sharply in 2018. This would burnish the reputation of cryptocurrencies, with more and more companies trusting them. The firms that execute well this year will stand out and create a survivorship bias — where a few companies thrive and others fail, but people focus on the winners and ignore the losers. Most start-ups bomb, but the spectacular successes of companies such as Facebook and Airbnb help mask those failures. Likewise, the success stories of a few entities in the cryptocurrency space will overshadow the negative news of several going bankrupt.

Institutional investors

The last reason why 2018 will be a stellar year for cryptocurrencies is that this will be the first year of solid institutional money flowing into the ecosystem. It is estimated that $10 billion to $12 billion has so far flown into the crypto ecosystem, but that's nothing compared to what institutional funds could invest. Since those first funds propped up the market to around $500 billion, the next $10 billion to $12 billion, which is peanuts for some funds, could double the market cap this year.

Summing up

To sum up, the likelihood of all five factors happening is not 100 percent. But I still see a probability of 70 to 75 percent. And each one of them might grow the market's overall size 50 to 100 percent — maybe even 200 percent. If you combine those factors, the market's upside potential could rise to up to seven or eight times the present levels. While this might not be as much of a multiple as what we saw in 2017, it is much higher in absolute terms. That could make 2018 the most successful year in crypto ever. Additionally, the growth might not be based so much on hype or hope as it would be on solid foundations. That being said, the reader should not see this piece as investment advice, and should definitely read my discussion of potential risks. When you dismiss real risks as fear, uncertainty and doubt (FUD), you could be blindsided.

Chuck Reynolds

Marketing Dept

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Reasons Why 2018 could be the best year yet for cryptocurrencies

Could Blockchain Booking System See Hotel Prices Tumble?

An upcoming Blockchain-based travel bookings platform

is hoping to offer a win-win for holidaymakers and hoteliers. Concierge.io claims its NEO-based system would eradicate commission fees for vendors, while also allowing them to interact directly with customers.

Hotels versus hotel booking websites

The company’s goal of cutting out middlemen comes amid an intensifying battle between hotels and third-party booking websites. Reuters recently reported that accommodation providers are aggressively offering incentives to guests who don’t go through intermediaries. This fight has been rumbling on for years. In 2015, one disgruntled hotelier told the Daily Mail that a booking website had “taken over his business”- with commission rates for big players such as Booking.com and Late Rooms ranging between 15 and 25 percent. Others, such as Airbnb, charge fees to both vendors and guests. According to Concierge.io, these fees are being passed on to customers “more often than not” and eliminating them altogether would bring the cost of a hotel stay down considerably.

Earning customer trust

The new platform is planning to make Blockchain accessible to the public by accepting traditional payment methods such as debit and credit cards, as well as cryptocurrencies such as Bitcoin, NEO and Litecoin in the future. Despite fiat payments attracting transaction fees from merchants, the start-up’s executives have written in their white paper non-crypto users will “still see considerable benefits in comparison to using already established platforms.”

These benefits could extend beyond the bank balance. Concierge.io argues its system will offer safety through an AI-based dispute system, meaning any discrepancies in booking or issues with poor customer service can be resolved without leaving the marketplace. The company’s goal of transparency could also prove advantageous for vendors and customers alike – especially when it comes down to the perennial issue of reviews.

At present, hard-working businesses can see demand diminish because of malicious and untruthful reviews, while the public has a tough time distinguishing between fake and real testimonials. In December, a Vice journalist exposed flaws in TripAdvisor’s system by using fabricated reviews to transform a fictitious restaurant into London’s top-rated eatery on the booking website. Concierge.io’s thinking is that Blockchain brings “transparency and honesty to the review system,” meaning vendors cannot pay for manipulated feedback and only genuine customers can leave remarks.

Anticipating growth

The platform says its app will target millennials aged 18 to 35, while its complementary web offering is aiming to reach over 35s. Hotels and resorts are not the only vendors Concierge.io is trying to reach, as trip and tour operators are also accommodated on its system. System reliability is always a concern for vendors, with the platform opting to use the NEO Blockchain instead of Ethereum because of its scalability. The team behind Concierge.io says NEO has a proven track record of handling 1,000 transactions per second (TPS), with the prospect of 10,000 TPS in the future enabling it to “compete for a strong market position.”

The second and third quarters of 2018 will see Concierge.io’s beta application and web platform released, with promotions designed to develop partnerships with major hotels and resorts. An initial launch in Australia and southeast Asia is planned for the end of the year, with expansion into Europe and the Americas expected in 2019. As for the future, taxi bookings and car rentals could become available through the system if the market demands it. All eyes now are on the sale of CGE tokens. The platform says a whitelist sale of 10 mln tokens sold out within three hours, while a pre-sale offer for a further 10 mln was snapped up within four-and-a-half hours. The main sale for the remaining 45 mln is penciled in for March 31.

As Concierge.io gears up for launch, international consultancy firm Deloitte is predicting Blockchain could leave travel companies with no choice but to alter their business models. It said: “The tech behind cryptocurrency is becoming more than a buzzword in travel.”

Chuck Reynolds

Marketing Dept

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Could Blockchain Booking System See Hotel Prices Tumble?

Venezuela's oil-backed cryptocurrency raised $735 million in one day,

president claims

• Nicolas Maduro said on Twitter that Venezuela's petro token raised more than 4.777 billion Chinese yuan, or $735 million.


• Each unit of the petro is pegged to the price of one barrel of Venezuelan oil, according to Caracas.


• A number of skeptics have raised concern about the country's cryptocurrency ambitions.

Venezuela's oil-backed "petro" cryptocurrency

raised $735 million in the first day of its pre-sale Wednesday, President Nicolas Maduro has claimed. The Venezuelan president said on Twitter that the petro token raised more than 4.777 billion Chinese yuan, or $735 million, and that the state-backed virtual currency "reaffirms our economic sovereignty."

Caracas said that each unit of the petro is pegged to the price of one barrel of Venezuelan oil. The country's cryptocurrency regulator has said it hopes the petro will draw investment from Qatar, Turkey and other Middle Eastern countries, as well as from European nations and the U.S. But a number of skeptics have raised concern about the country's cryptocurrency ambitions, with some citing Venezuela's debt problems and the possibility of asset manipulation as cause for doubt.

Venezuela is currently facing hyperinflation, the collapse of its currency, the bolivar, and shortages in food and other basic necessities due to price controls. Maduro has said that the petro will serve as a means for Venezuela to circumvent Western sanctions. Both the European Union and the United States have imposed economic sanctions on Caracas over their opposition to its autocratic government.

Chuck Reynolds

Marketing Dept

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Venezuela's oil-backed cryptocurrency raised $735 million in one day, president claims

Bitcoin hits 3-week high, trading

above $11,000

Bitcoin continues march higher

Cryptocurrency prices were mixed Tuesday, with the No. 1 digital currency

in the green, reaching its highest level since Jan. 28.The torrid start to the year for crypto investors is slowly abating, with bitcoin BTCUSD, +3.20%  rising to an intraday high of $11,645.12, according to news and research site CoinDesk. The recovery has bitcoin on track to record its sixth daily gain in the last seven sessions.Elsewhere, it’s a mixed bag for other major cryptocurrencies.

Litecoin rose sharply, trading to $244.22, up 9.5% on the day, ether, is up 0.4% at $947.02, bitcoin cash is down 0.7% at $1525.69 and Ripple is off 0.3% at $1.14. Ethereum founder Vitalik Buterin grabbed headlines over the weekend when he warned investors that cryptocurrencies shouldn’t be viewed as a ticket to early retirement and that they “could drop to zero.” In the tweet, the Russian-born programmer added that, “If you’re trying to figure out where to store your life savings, traditional assets are still your safest bet.” On the futures front, the March Cboe Global Markets XBTH8, +13.42% contract is up 14.7% at $11,580, while on the CME Group Inc. BTCG8, +14.32%  the February contract is higher by 15.5% at $11,575.

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Feb. 19

After failing to stem the rising popularity of cryptocurrencies

through their warnings, the central banks have stooped down to funding anti-crypto campaigns. This move will only reduce the confidence in the central banks and encourage new investors to enter the crypto world.

At the same time, the Venezuelan government is planning to launch a new cryptocurrency called the petro. Each new coin will supposedly be backed by one barrel of oil. However, there is a big question on the central bank’s credibility that is issuing the petro. Analysts believe that the petro is most likely to end up not bringing the expected results. On the other hand, Bitcoin continues to attract big-ticket investments. After the recent fall, there are reports of a trader buying about $400 million worth of Bitcoin between Feb. 09 to Feb. 12. People are gradually turning positive on Bitcoin once again. Shark Tank’s Robert Herjavec believes that Bitcoin will top its 2017 mid-December high of about $20,000 in the short-term.

Let’s see what does the chart pattern forecast?

BTC/USD

Traders who follow us are carrying long positions that triggered on Feb. 15. We had recommended booking 50 percent profits at the 50-day SMA, and most traders should have sold when Bitcoin rallied to an intraday high of $11,348.99, yesterday, Feb.18. We had also recommended trailing the remaining positions with a suitable stop loss. As every trader has a different trading strategy, we did not provide any specific trailing stop loss.

The BTC/USD pair is trading inside an ascending channel. As long as it trades above the support line of the channel, it can reach $12,000 levels. In case of a fall, the support line of the ascending channel and the 20-day EMA will be acting as strong support. If these two levels break, the price might fall to $8,400. Therefore, traders who are still left with 50 percent positions should keep the stop loss at $9,800. We did not recommend closing the complete position because Bitcoin will become positive once it sustains above the descending channel.    

ETH/USD

Ethereum rallied close to the 50-day SMA yesterday, Feb. 18, reaching an intraday high of $979, close to our target objective of $1,000. Hope traders would have book profits on 50% positions. For the past four days, the ETH/USD pair has been taking support at $900 levels. Therefore, we recommend raising the stop loss on the remaining position from $775 to $900. The target objective is a move to the resistance line of the descending channel. If the bulls succeed in breaking out of the channel, a move to $1,200 is likely. On the other hand, if the bears break down below $900, there might be a fall to $780 levels.

BCH/USD

Our target objective on Bitcoin Cash was a rally to the 50-day SMA, close to $1,800 levels, however, yesterday, Feb.18, it turned down from $1,639.251 levels. Our initial stop loss was placed at $1,100. We want to raise this stop loss to $1,400 because if most cryptocurrencies turn down from their resistances, the BCH/USD pair might follow suit. So let’s not lose money on it. On the upside, please book partial profits above $1,750 and hold the rest with a trailing stop loss for a target objective of $2,000.  

XRP/USD

Contrary to our expectation, Ripple continues to trade in a tight range. It has not participated in the pullback like the other top cryptocurrencies. The only consolation is that it is sustaining above the 20-day EMA for the past four days. We had suggested an initial stop loss of $0.86, but we should raise this stop higher because if the top currencies turn down, the XRP/USD pair will also fall sharply. Please raise the stops on the complete position to $0.95. If the tight range resolves on the upside, please book profits on 50 percent position at $1.45. Trail the remaining position for a second target objective of $1.74.         

XLM/USD

Stellar also has been stuck in a tight range for the past four days. It is trading close to our suggested buy levels of $0.45. We anticipate a move to the upper end of the range at $0.63. But for that, the XLM/USD pair will have to break out of the 50-day SMA. On the downside, supports lie at the 20-day EMA, the horizontal line at $0.41, and the channel line at $0.38. For now, please maintain the stop loss at $0.30 on a daily closing basis (as per UTC). We need to consider raising it in a couple of days.

LTC/USD

In our previous analysis, we had recommended to book profits on 50 percent positions at $240, and Litecoin reached an intraday high of $239.5 on Feb. 16. We hope that the traders would have sold half of their positions established at $180. For the past four days, the LTC/USD pair has been trading in a range of about $208 to $240. A breakout of this range will be a positive move, and we anticipate a rally to $270 and then to $307. Our stop loss is currently at breakeven. We want to reduce our risk and pocket some of the paper profits. That’s why we should raise the stops on the remaining 50 percent long positions to $200.

ADA/BTC

We have been bearish on Cardano for the past few days because it has broken down of the bearish descending triangle pattern. Though a pullback to the breakdown levels of 0.00004070 is possible, the cryptocurrency remains negative as long as it trades below the downtrend line of the descending triangle. The ADA/BTC pair is likely to slide to the next support level of 0.0000246. Our bearish view will be invalidated if the digital currency breaks out of the downtrend line, because a failure of a bearish pattern is a bullish sign.

NEO/USD

As NEO is trading inside a descending triangle pattern, we had recommended a quick trade with a long at $121 and a target objective of a rally to the downtrend line of the descending triangle pattern. The NEO/USD pair reached our target objective on Feb. 17, reaching a high of $138.35, where the traders must have closed their positions. An attempt by the bears to sink the cryptocurrency failed Feb. 18. It is currently trying to break out of the downtrend line of the descending triangle, which will invalidate the bearish pattern. If the bulls sustain the breakout, we might see a rally to $169. On the downside, the moving averages and the horizontal line at $120.33 might act as strong support.

EOS/USD

As expected, EOS turned down from the downtrend line yesterday, Feb. 18. The 20-day EMA is at $9.76, and the 50-day SMA is at $10.8. We believe that the bulls will face stiff resistance in the zone of $9.76 to $10.8. Therefore, traders can initiate long positions above $11, if the EOS/USD pair sustains the level for four hours. The target objective on the upside is a rally to $15 levels. The stop loss can be placed at $8.8.

Chuck Reynolds

Marketing Dept

Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

Bitcoin hits 3-week high, trading above $11,000

Shark Tank's Herjavec Thinks Bitcoin And Blockchain Are ‘Here To Stay'

Shark Tank’s Herjavec Thinks Bitcoin And Blockchain Are ‘Here To Stay’

According to Shark Tank’s Robert Herjavec,

Bitcoin is “here to stay” in the long term, cryptocurrency will definitely be regulated, and investors should both get in and get out now, according to an interview with financial news outlet TheStreet. While Herjavec says that he himself is not an investor in crypto, he predicts that Bitcoin’s price will continue to rise in the short term, even above

the January high of 20,000:

“It’ll take out that high, I’m saying it right now.”

He believes that cryptocurrencies should and will be regulated, and that as firm regulation becomes closer to reality, the price of Bitcoin will continue to speculate but then drop way down. Based on this idea, while maintaining that Bitcoin is around for the long term, Herjavec tells TheStreet that “I don’t know if you want to own Bitcoin right now. I think you want to get in, and you want to get out,” a mentality that is opposed to the traditional crypto geek’s desire to “hodl,” that is hold onto your coins.

Besides Shark Tank, Herjavec is the CEO of the cybersecurity firm the Herjavec Group. When asked about the security of cryptocurrencies, Herjavic doesn’t think that crypto exchanges themselves are “prone to great security,” referencing the hack of over $500 mln in NEM from the Japanese-based crypto exchange Coincheck last month, but that cryptocurrency transactions are secure. In answer to a question about the future of Blockchain, Herjavic thinks that Blockchain shows a lot of promise because of its “inherent security of a transaction.” He predicts that 10 years down the line, due to

the power of Blockchain:

“I will walk somewhere and a sensor will automatically know it’s me, the sensor will be linked to my bank, it’ll know how much money I have, I’ll pick up something like at the Amazon store, it’ll automatically be scanned, and as I leave, it will automatically be verified and paid for.”

Chuck Reynolds

 

Marketing Dept

Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

Shark Tank's Herjavec Thinks Bitcoin And Blockchain Are ‘Here To Stay'

SEC Suspends Trading In 3 Companies Due To ‘Questions' Around Cryptocurrency Ties

SEC Suspends Trading In 3 Companies Due To ‘Questions’ Around Cryptocurrency Ties

The Securities and Exchange Commission (SEC) published a report Thursday,

Feb. 15 explaining the temporary suspension of trading in three companies that had made statements about acquiring cryptocurrency and “Blockchain technology-related assets”. All three companies, Cherubim Interests (CHIT), PDX Partners (PDXP), and Victura Construction Group (VICT) have been suspended starting Feb. 16 for two weeks for investor protection purposes. The SEC trading suspension orders state that all three companies issued press releases

that claim that:

“[T]he companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things. According to the SEC order regarding CHIT, it also announced the execution of a financing commitment to launch an initial coin offering [ICO],”

The SEC orders also state “there are questions regarding the nature of the companies’ business operations and the value of their assets”. In late August, 2017, the SEC issued a warning to investors regarding ICOs and the potential for scams, including reasons it might suspend trading of a company “to protect investors and the public interest”. On Jan. 22, 2018 SEC Chairman Jay Clayton warned that companies that shift their business models “on the promise” of Blockchain technology will face closer scrutiny from regulators.

Chuck Reynolds

Marketing Dept

Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

 

SEC Suspends Trading In 3 Companies Due To ‘Questions' Around Cryptocurrency Ties

Make $9000 to $2M in Bitcoin a year with no investment

Make $9000 to $2M in Bitcoin a year

with no investment

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LEARN ABOUT CRYPTO FAUCETS

From wikipedia:   “Faucets are a great way to help introduce new people to bitcoin, or to altcoins. A majority of faucets provide information to new users as well as offering them some free coins so that they can ‘try before they buy’, experimenting with a test transaction or two before putting real money on the line. Since this whole experience is so new and a bit complicated to people, who perhaps don’t quite trust it with their hard money, this is a beneficial way to promote digital currency and bring in new users.”

How much can you make on Coinpot in one year? 

It’s a fair question.

People want to know how much they can make before investing the time. I understand.

The answer is, it depends.

There’s a wide range. Based on my model you can make as little as $900 or as much as $2 million in 1 year. It depends on a variety of factors including the original claim amount, the number of times you claim a day, the number of referrals you have, the number of times your referrals claim a day, loyalty days and a number of other factors, not to mention the price of crypto.

I had to create a calculator to figure it all out. Within the calculator, I’ve created scenarios that help to understand how the different factors above can impact your daily claim amount. These scenarios are labeled min, mid and max. The min scenario represents the person who puts forth the least amount of effort. The max scenario models out the power user with the highest amount of activity. The mid scenario is somewhere in between.

Here’s a quick slide to help explain each scenario:

In other words, Min activity is just mailing it in with one click a day.

Mid activity is someone with 100 referrals making between 25 and 48 claims a day, and Max activity is someone who’s maxing out every claim. I like to the think of Min as a lower limit, Max as an upper limit and Mid as an average.               Next, I annualized the daily claim amount from each faucet calculator under each scenario, made a forecast of cryptocurrencies one year from today and these are the results.

The Results

The first set of results provides an estimate of how much you can make if crypto prices remain the same as they are today.

As you can see from the boxes highlighted in yellow, the minimum amount you can make is around $900, the middle point is around $10K and the max is almost $70K.

So, another way to interpret the results is:

• If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $900, providing prices remain the same.


• If you make 24–48 claims per day with 100 referrals doing the same thing, you can make $10K, providing prices remain the same.


• If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make $70K, providing prices remain the same.

The thing about crypto is that the price does not stay the same. As much as I like free money, I wouldn’t be advising you to do this for $900 a year — though that’s nothing to sneeze at, especially if it’s free. Early investors of Bitcoin paid just $.06 for a Bitcoin. A $100 investment seven years ago would be worth $28 million today. It is highly unlikely that crypto prices in one year will be what they are today.

What if crypto prices grew 30% on average?

The following chart shows what happens to the value of your crypto holdings if

crypto prices at the end of 2018 are 30% higher than they are today.

• If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $1,100, with a 30% increase in prices.


• If you make 24–48 claims per day with 100 referrals doing the same thing, you can make ~$13K, with a 30% increase in prices.


• If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make ~$90K, with a 30% increase in prices.

This is amazing, but again, I wouldn’t be telling you to do this for $1,100. The reason people are interested in cryptos, the reason why people are taking out a mortgage on their home (DO NOT DO THAT) to invest in cryptocurrency is that of the exponential growth rates. Bitcoin, Dash, Litecoin and Dogecoin all grew by 1326%, 5935%, 5215% and 3916%, respectively, over the last year (Bitcoin Cash just started in late July/early Aug.).

This chart shows a more likely scenarion with a 500% growth rate (but experts all agree that a 1000% – 1400% rate is more likely)

This is amazing growth and there’s a chance it won’t ever happen again, but cryptos have been on a growth trend for the past five years so I don’t think last year was a fluke. Here’s a chart showing the pace of growth in the crypto market over the last 4 years.

As you can see, market capitalization grew from $4.3 billion in 2014 to $221 billion in 2017. 2014 was a bad year, but all other years saw phenomenal gains. Now that the word is out about the value of cryptos, I believe the growth trend will continue to grow exponentially.

So what if the cryptos in your Coinpot portfolio grow at the same level they grew at last year in 2018? These are the results:

• If you’re just mailing it in with 1 claim a day for the rest of the year and have no referrals, you can make $13K if prices grow the same rate as they did last year.


• If you make 24–48 claims per day with 100 referrals doing the same thing, you can make ~$240K if prices grow the same rate as they did last year.


• If you make max claims per day (58–288) with 500 referrals doing the same thing, you can make ~$2 million if prices grow the same rate as they did last year. Note: there is no max on referrals so this could be higher.

Cryptos may not be able to keep up the bull run they had last year, but if they do it means you could be sitting on a nice portfolio of crypto by the end of the year without spending a dime.

Cliff High: “Bitcoin can reach $100,000 in 2018”

Cliff High’s web bots are predicting bitcoin to reach $64.000 in the first half of 2018 and probably going higher than that to even $100.000. At this point this prediction might sound a little crazy to you… if you think about his last prediction, it isn’t that weird at all! Last year when Bitcoin was around $800 he predicted Bitcoin would hit $13.880 in February 2018 according to the data sets. He still believes that this is going to be true. He said that this would be the price by February 2018, even when he knew it would go higher than that. And it did. It almost hit $20.000.

The $13.800 price is a new base to steady take off again and rise! The $64.000 is the new base to take off to a new ATH in 2018. Before we go past 64, we will get a pull back into the mid 40’s. So the future does look bright for Bitcoin and cryptocurrency in general. Other big coins like Litecoin, Dash, Monero, Ethereum, and so on will keep going up along with Bitcoin.

Here’s a quick overview slide of all three price scenarios.

No matter what the scenario, in terms of activity level or price, Coinpot is a great way to invest in cryptocurrency without incurring any risk. It’s also great for people that are new to the cryptocurrency world. You don’t have to buy anything or set anything up. It’s all been done for you and it’s all free. All you need is a computer and an email address. To be clear, not all faucets are like Coinpot, so be careful. The reason I chose Coinpot for this experiment is due to its ease of use and credibility. I’m currently working on a few others and will send out a post when that happens.

How To Sign Up For & Maximize Coinpot Faucets

So now that you see the potential, these are the steps to sign up and get started:

Step 1: Sign up for a Coinpot MicroWallet (https://coinpot.co/). This is a where each faucet will send your “claim”. When you reach your withdrawal minimum, you will want to move your cryptocurrency from your software wallet (CoinPot) to another wallet.

Step 2: Sign up with each of the following faucets. Each one of these faucets are already connected to your Coinpot MicroWallet. As long as you sign up with the same email address you used to sign up for your Coinpot, they are automatically connected. Play around with each faucet a bit to get a feel for how this works. Please use my referral codes to sign up for the faucet.

Moon Bitcoin

Moon Dogecoin

Moon Litecoin

Moon BitcoinCash

MoonDash

Bit Fun

Bonus Bitcoin

Step 3: Optimize your claim amount on each faucet. I’ve modeled out the performance of each faucet.

Each faucet has its own incentive structure. In general, there are two different structures.

Your goal is to maximize the claim by paying attention to rewards:

Moon Bitcoin

                                     

                                                 This is a unique faucet.

It pays out in Bitcoin. It is the only incentive structure with 5 different bonus categories. Each bonus category gives you the ability to double your claim amount. It also pays at 50% for referrals. This makes Moon Bitcoin one of the best opportunities in the Coinpot faucet network. In addition to referrals, Moon Bitcoin also rewards the following:

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus.

In addition to getting 50% of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Offer Bonus — Action: do 10 offers to take full advantage of the 100% claim bonus. This bonus has a ceiling of 10 offers.

4) Mystery Bonus — Do nothing and earn this bonus.

5) Mining Bonus — Mine on your computer for a 100% bonus depending on your hash rate. This is new.

There’s one other thing that is absolutely critical in your claim amount. This is true for all 6 faucets — the number of times you claim can drastically increase your daily claim amount. For example, based on the current claim rate which is published on the Moon Bitcoin site, if you claim every 5 minutes for 4 weeks you get 16,128 satoshis (assuming no referrals or bonus opportunities). However, if you claim every 4 weeks you get 111 satoshis.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less satoshi until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes (I say 25 because you don’t want to wait until the last minute). This makes MoonBitcoin one of the easier Moon faucets to reach maximum claims on. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. You want to refer at least 100 people to take advantage of the 50% referral commission and max out on the 1% per referral bonus. You want to do 10 offers to take advantage of the offer bonus. You can also get a bonus for mining on your computer. Focusing on these actions can greatly increase your claims.

Moon Dogecoin

                                     

Moon Dogecoin is like Moon Bitcoin,

but pays out in Dogecoin.

All the Moon faucets have the same basic structure,

but not as many bonus options.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less dogecoin until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes. I say 25 because you don’t want to wait until the last minute. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. This makes MoonDoge one of the easier Moon faucets to reach maximum claims on. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

Moon Litecoin

                                    

Moon Litecoin is the same as Moon Dash (see below),

but it pays out in Litecoin.

Though it has a similar bonus structure to

MoonDoge and MoonBitcoin,

it requires more claims to max out.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim at least once a day for the loyalty bonus. To maximize this claim you need to claim every 5 minutes or 288 claims per day which is the highest of any faucet except Moon Dash. This makes MoonLitecoin and MoonDash slightly harder than the other Moon faucets, but not by much. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

MoonCash

                                       

Newest faucet.

The bonus structure is the same as MoonDoge and MoonLitecoin,

but pays out in Bitcoin Cash.

You can optimize your daily claims by doing the following:

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim every 25 minutes or so. This is the max out time, not 5 minutes. This may change, but current claim rates show that there is no benefit to claiming at smaller time intervals. You don’t start to make less satoshi until you wait for 30 minutes or more. So you can claim more often, but you won’t make any more than if you claim every 25 minutes. I say 25 because you don’t want to wait until the last minute. If you can’t claim every 25 min, at least claim once a day for the loyalty bonus. This makes MoonCash one of the easier Moon faucets to reach maximum claims on. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

MoonDash

                                     

MoonDash is the same as MoonLitecoin,

but it pays out in Dash.

1) Loyalty bonus — Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day, it resets back to 1 and you have to walk up to 100% again.

2) Referral bonus — Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting 25% (not 50% like Moon Bitcoin) of your referral’s claims, you also get a 1% bonus for every person you sign up — up to 100%. This bonus has a ceiling of 100 people, but your referral commission does not.

3) Mystery Bonus — Do nothing and earn this bonus.

The key to optimizing this faucet is to claim as often as you can, at least once a day for the loyalty bonus. To maximize this claim you need to claim every 5 minutes or 288 claims per day which is the highest of any faucet except Moon Dash. This makes MoonLitecoin and MoonDash slightly harder than the other two faucets. You want to refer at least 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. Focusing on these actions can greatly increase your claims.

Bit Fun

                                     

Bitfun is slightly different.

It pays out in Bitcoin at a higher rate than MoonBitcoin

and has no limitations on claim time. 

You can also play games and do offers.

Playing games does not increase faucet amount rate, however.

Referral bonus — Action: refer as many people as possible to take advantage of the 50% commission.

The key to optimizing this faucet is to claim around 4hrs, but there is no loyalty bonus. You want to refer as many people as you can to take advantage of the 50% referral commission. Focusing on these actions can greatly increase your claims.

Bonus Bitcoin

                                     

Bonus Bitcoin pays out in Bitcoin. The amount you can claim varies, but you can get a bonus of 5% on all your claims and referrals for the past 3 days as long as you make a claim every day. You can only make a claim every 15 minutes.

Referral bonus — Action: refer as many people as possible to take advantage of the 50% commission.

The key to optimizing this faucet is to claim as often as you can every 15 min. You want to refer as many people as you can to take advantage of the 50% referral commission and the 72 hr loyalty bonus. Focusing on these actions can greatly increase your claims.

STEP 4: FINAL STEP

Take what I’ve written here and make it your own. You have full license to plagiarize all you want. First, replace my referral codes with your own referral codes (please let me know if you need help finding your codes). Send it out to your friends and family. Set up a seminar at your community center or library. Send it out on Facebook/Twitter/Instagram. If you do add additional faucets to your list, be sure to vet them out for your base.

You can look up the price of any cryptocurrency on  https://coinmarketcap.com/.

Final thoughts: Crypto is For Everyone

The world of investments is largely cut off from people that don’t have the means, but crypto isn’t. I have family and friends on both sides of the wealth spectrum and this is a great way for both to accumulate coins. Those that have money, but are worried about Bitcoin’s viability, can use faucets as a no risk way to still participate in the crypto boom. Those that don’t have the money can also use this as a way to participate.

Translation: If you don’t have $1 million (or even $10,000), Coinpot is a great way to build a diversified portfolio of high potential crypto. It is a portfolio strategy in and of itself. Bitcoin, Bitcoin Cash, Litecoin, Dash and Dogecoin represent a good cross-section of cryptos available on the market today. The only one that’s missing is Ethereum and I’m looking for a good Ethereum faucet to recommend now.

I will also warn that the learning curve for crypto is steep, but you don’t have to know any of that for Coinpot. Coinpot is a wallet and the faucets it supports are already set up to deposit directly into your Coinpot wallet — real time. It couldn’t be any easier.

Update

As a corollary, I wanted to follow up with a very important piece of the crypto puzzle — security. You need to keep your crypto safe — it’s not safe in Coinpot once you make more than the threshold limits. The threshold limit varies for each coin. According to the website, “Withdrawal requests are processed and paid directly to your wallet within 48 hours.” In my experience, it’s much faster. These are the current withdrawal threshold limits which can be found on Coinpot when you click on “Withdraw”:

 

Bitcoin — 10,000 satoshi (.00010000)

Bitcoin Cash — 10,000 satoshi (.00010000)

Litecoin — 200,000 latoshi (.00200000)

Dash — 20,000 duffs (.00020000)

Dogecoin — 50 dogecoin
side note: you can only withdraw dogecoin to a dogecoin wallet (for free). Then you can transfer to your main wallet.

Once you reach the threshold, you should withdraw your coin to a safe wallet.

I have made a comprehensive list of wallets, (as well as exchanges, additional verified faucets, and other sources to make this venture safe, quick and well organized).

http://www.markethive.net/faucet/

Once you decide on one of these wallets, you need to follow that wallet’s instructions for receiving or depositing funds. These instructions are very important — do not skip this part. Your new wallet will give you an address in order to deposit funds. Each address is specific to a certain coin. In other words, you have a different address for each coin. Copy the address and put it in the “withdrawal box” in Coinpot. You want to copy your address and put it in the box.

You’re not done yet. Once you make this request, Coinpot will send you a verification email to confirm your request as an extra layer of security. If you don’t click the link, the withdrawal will not occur.

The upgrade to the list of faucets:

On the same link above you will also see a well-organized and researched list of faucets. They are sorted by time to complete and have a built in timer so as to make managing this a lot easier.

The Coinpot faucets are identified in a Sky Blue as the illustration reveals.

We have frequent live workshops on this. They are listed on our Markethive calendar in the back office and also open to the public at this address.

Chuck Reynolds

Markethive Marketing Dept

Contributor

Please click either Link to learn more about Bitcoin.
Interested or have Questions, Call Me, 559-474-4614

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Make $9000 to $2M in Bitcoin a year with no investment

Durov Brothers File Telegram And TON With SEC, Report $850 Million Already Raised

Telegram creators Pavel and Nikolai Durov have filed a

“Notice of Exempt Offering of Securities”

with the US Securities and Exchange Commission (SEC) Feb. 13, reporting $850 mln raised under the SEC exemption Rule 506(c) from 81 investors for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.” The type of securities offered in the SEC filing are described as “Purchase Agreements for Cryptocurrency”, and are filed under the Rule 506(c) exemption that means that US citizens who invest must be accredited investors — those worth more than $1 mln or that have an annual income of $200,000 — in order for the tokens to not have to be registered with the SEC as securities.

The Eastman Kodak Company, which had announced the launch of their own ICO under the same exemption in early January, 2018, has postponed their ICO to take more time to verify their investors’ accredited status. The date of the first sale for the Durovs’ ICO is noted as Jan. 29 of this year. By filing with the SEC, the Durovs are preparing to allow for US citizens to legally invest in their project, and implying that US citizens may in fact be some of the 81 investors.

Although the SEC filing did not contain the names of any investors in the Durov’s securities offering, Russian news outlet Vedomosti revealed today the names of some of the largest alleged investors, citing inside sources. Russian billionaire Roman Abramovich, who purportedly has already invested in cryptocurrencies, reportedly was one of the first Russian citizens to be approved to invest in the project. One source allegedly close to the billionaire told Vedomosti that Abramovich had invested as much as $300 mln, however another source claimed the sum was closer to $20 mln.

Sergei Solonin, CEO of Russian payment service provider QIWI, invested $17 mln, Vedomosti writes. David Yakobashvili, co-founder of Russian-based dairy product company Wimm-Bill-Dann, told the publication that invested $10 mln in the project. A Telegram ICO has been rumored to be in the making since December 2017, when a former Telegram employee wrote online that Telegram would be launching their own Blockchain platform and cryptocurrency, called either “The Open Network” or “Telegram Open Network” (TON).

A white paper, alleging to be for TON, was leaked in mid-January, but its authenticity has yet to be confirmed publicly by the Durov brothers. The Durov’s SEC filing notes two issuers of securities, TON Issuers Inc. and Telegram Group Inc., both located in the British Virgin Islands. Under the “Related persons” section of the filing, Pavel Durov is listed as Executive Officer and Director, while his brother Nikolai is just listed as Executive Officer.

A source familiar with the TON funding told Vedomosti that the funding process was not conducted as an ICO in the “usual sense”,  in which a project’s tokens are purchased for other cryptocurrency, usually either Bitcoin (BTC) or Ethereum (ETH).  Instead, the source claims, it was more like a “closed allocation of securities in ordinary [fiat] currency –dollars and euros.” According to the same source, and in line with the brothers’ SEC filing, investors bought rights to the internal cryptocurrency of TON, called “Grams”, which will be distributed to them once the platform is launched.

Chuck Reynolds

Marketing Dept

Contributor

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Durov Brothers File Telegram And TON With SEC, Report $850 Million Already Raised