Make $900 to $2M in Bitcoin with Faucets

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

 

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 http://aboutco.in

Thomas Prendergast

Founder

Markethive

Make $900 to $2M in Bitcoin with Faucets

NBC investigates public company that changed its name to Riot Blockchain

and saw its shares rocketNBC investigates public company that changed its name to Riot Blockchain and saw its shares rocket

CNBC investigates a public company that changed its name to Riot Blockchain

and saw its shares rocket  

As bitcoin hit record highs in late December, a hot new stock was making news on a daily basis. Riot Blockchain's stock shot from $8 a share to more than $40, as investors wanted to cash in on the craze of all things crypto. But Riot had not been in the cryptobusiness for long. Until October, its name was Bioptix, and it was known for having a veterinary products patent and developing new ways to test for disease. That might sound somewhat like the type of newly minted blockchain company that has gained SEC attention.

"Nobody should think it is OK to change your name to something that involves blockchain when you have no real underlying blockchain business plan and try to sell securities based on the hype around blockchain," SEC Chairman Jay Clayton said, speaking in generalities in recent testimony to Congress. The SEC declined to comment to CNBC about Riot Blockchain. The company did make an investment in a cryptocurrency exchange in September and two months later did purchase a company that has cryptocurrency mining equipment, but paying more than $11 million for equipment worth only $2 million, according to SEC filings.

That purchase and the company's name change aren't Riot's only questionable moves. A number of red flags in the company's SEC filings also might make investors leery: annual meetings that are postponed at the last minute, insider selling soon after the name change, dilutive issuances on favorable terms to large investors, SEC filings that are often Byzantine and, just this week, evidence that a major shareholder was getting out while everyone else was getting in.

Despite Riot Blockchain's latest quarterly report showing a company in the red, its annual meeting was twice set to take place at the swanky Boca Raton Resort and Club in Florida. The resort is known as the "pink palace" and has luxury yachts lined up on its dock.But with less than one day's notice, Riot twice "adjourned" its annual meeting, first scheduled for Dec. 28 and then for Feb. 1. It's not clear the company ever planned to have the meeting. Numerous employees at the hotel told CNBC it had no reservations for either date under the name of Riot Blockchain or any affiliated entity.

Riot's filings reveal that Barry Honig may be the man behind the Riot Blockchain curtain. That would explain why a company formerly headquartered in Colorado might suddenly host its annual meeting in Boca Raton. That sunny location would certainly be convenient for Honig, once the company's largest shareholder, whose office is a short drive from the hotel. He once owned more than 11 percent of the outstanding common stock, according to SEC filings.

"My history of investing's pretty good. I invest in public companies," Honig told CNBC by phone. "It was an investment where I had a return. And I sold some shares. There's nothing wrong with doing that." Barry Honig, a venture capitalist and micro-cap investor, was once one of the largest investors in Riot Blockchain.Honig became active in Riot in April 2016 when it was a veterinary testing company with a different name. He led an activist campaign to replace the board in September 2016 and won the fight in January 2017.

After his victory, attorneys say, red flags began to appear.

Until January, Honig had an extensive website filled with fawning descriptions of his investment acumen and what he does for companies when he gets involved. "Barry Honig's investment portfolio includes a variety of exciting technology and biotech companies focused on innovation and progress," barryhonig.com stated before it was taken down.

"Typically, Barry Honig invests his hard-earned money into a company, and he also provides strategic guidance to the company pertaining [sic] a variety of aspects, including who should lead the company (he helps put the right people in the right places in most of his investments), what goals and timelines that company should work towards, and a plan for the best way to achieve those goals," the website said.

A visit to the site now only reveals the text: "Under construction."

From the outside, Honig's office is nondescript. There does not appear to be any evidence of his company's existence on the building's directory or on the door of his office.When CNBC crew members walked into the office, they didn't find Honig, they found the CEO of Riot Blockchain, John O'Rourke. That's the same O'Rourke who made headlines when — less than three months after the company changed names and business plans — he sold about $869,000 worth of shares, according to an SEC filing. He told the crew he was there for a meeting with Honig and that we had just missed him.

O'Rourke initially agreed to a formal interview with CNBC and emailed later to say the interview was "confirmed," adding "I think you'll be impressed." Then, late the night before, he backed out via email and said he needed to go to the Midwest to close an acquisition. He agreed to answer questions via email instead. One of CNBC's first questions was whether he worked in the same office as Honig, which could raise eyebrows."I have my own office in a separate location," O'Rourke said in an email sent by his lawyer, Nick Morgan, a partner with Paul Hastings. "I do have a good relationship with Mr. Honig and we speak often."

"John O'Rourke does not work out of my office," Honig said. "John O'Rourke has his own office … at one time John O'Rourke had space in my office … we speak often." Securities attorneys told CNBC that if a CEO were using the office of a major investor, it might raise concerns about the exchange of information. "You just can't imagine that the CEO and the investor are going to have an appropriate wall between them where they're not engaging in discussions or dialogue about what's appropriate for the company on a day to day basis or in the future," said Richard Birns, a corporate partner at Gibson, Dunn & Crutcher LLP.

John O’Rourke, CEO of Riot Blockchain, shown here with CNBC’s Michelle Caruso-Cabrera, in the office of investor Barry Honig.Despite Honig's website saying he gives advice on who should lead a company, Honig said he had nothing to do with O'Rourke becoming CEO."The board and Michael Beeghley [the CEO before O'Rourke] are the ones that made the decision in regards to John O'Rourke becoming the CEO, okay? John O'Rourke doesn't work for me, okay?" he said.

Birns analyzed Riot Blockchain's SEC filings for CNBC and found additional concerns.

"I see a company that has had a change of control of the board. I see a company that has had a change in business. I see a company that has had several dilutive issuances immediately following the change of the board and change of the business. And I see a stock that has gone zoom," he said. "And what I understand a significant amount of insider selling. So yes, these are red flags." Jacob Zamansky, founder of Zamansky LLC, which specializes in securities fraud, also expressed caution. "With the absence of revenue on the company's current financial statements, I would think investors need to be very cautious of a highly speculative stock with a lot of red flags," he said.

                                 

Since Honig's board shake-up,

the company has increased its common stock share count from 4.5 million to more than 11.6 million. On Oct. 2, 2017, two days before announcing the name change to Riot Blockchain, the board approved a dividend payout of more than $9.5 million, according to SEC filings. Investors who own more than 5 percent of a company's outstanding common stock are required to file a form known as a 13D, which outlines their holdings. Subsequent changes in holdings require a "timely" filing of any changes.

SEC records spanning 14 months show that Honig filed two 13Ds, including one in January 2017 that shows he owned 11.19 percent. After Riot's name change sent the company's shares soaring, Honig cashed out and filed the second 13D in February showing he owned less than 2 percent of outstanding common stock along with a small number of warrants. His purchase price ranged from $2.77 to $5.32 per share, according to the list of trades he provided to the SEC in 2017. Honig's investment dropped below 5 percent, the threshold for SEC filing, on Nov. 28. At that point, the stock had already climbed above $20.

Honig did not disclose his dramatically reduced position in the stock until this week. But that may not be the true extent of Honig's selling. Buried deep in the footnotes of Riot filings, it's clear Honig also accumulated more than 700,000 new warrants that he could convert to stock at $3.56 per share and more than 700,000 promissory notes that he could convert to stock at $2.50 a share.

What about those warrants and promissory notes? It's not clear, as he never mentioned them in either 13D. But in another footnote from a recent Riot filing, there is no longer a mention of them. He declined to further clarify what happened to them. "It's all disclosed in the public filings. And those are all the obligations I have," he said. "I'm very comfortable with what I had to do and what I was obligated to do. … I'm not going to talk about my personal trading history or my bank account."

Birns questioned how Honig made his filings. "It's clear that Mr. Honig, through himself and through the entities that he controls, owns at least a significant amount of stock. Or has the potential to own significant amount of stock in excess of what is reported on the 13D," he said.This is not the first time Honig has faced questions over his actions. In 2000, he was alleged to have committed stock manipulation. Honig was fined $25,000 and suspended for 10 days, according to the Financial Industry Regulatory Authority. In 2003, he let his broker's license lapse. "The answer's no," Honig said when asked if he still manipulates stocks.

SEC filings suggest that when Honig began his charge to take over the board, he was represented by lawyer Harvey Kesner of Sichenzia Ross Ference Kesner LLP. A few months later, Kesner's law firm appears on Riot Blockchain's SEC filings.

Kesner's company, Paradox Capital Partners LLC, owns Riot stock, according to SEC filings. When reached by phone, Kesner said he didn't know anything about Rito Blockchain and Barry Honig and hung up. Honig said Kesner was Riot's attorney, but "his law firm has represented me in other issues in the past."

Since its name change, Riot has been a very active company, issuing 23 press releases about acquisitions and new divisions.

One of those acquisitions was Kairos Global Technology Inc., which had been founded less than two weeks before the purchase. Kairos' main asset was $2 million of mining equipment. Riot purchased Kairos for $11.9 million worth of preferred convertible stock, according to SEC filings. O'Rourke told CNBC the company paid a premium for the equipment due to a shortage of mining equipment and difficulties getting it directly from the manufacturer. Kairos appears to have many links to Riot. The company was incorporated by Joe Laxague of Laxague Law Inc., the same lawyer who, SEC filings suggest, represented another major investor in Riot who has owned more than 7.49 percent of the company.

Laxague told CNBC he could not comment when reached by phone and hung up.

Kairos' president was Michael Ho, Nevada records show, a poker player who played at a tournament with two other professional poker players, both of whom are on Riot's advisory board, according to records reviewed by CNBC.

O'Rourke said Riot is using the equipment to mine and that the company is currently mining in Norway and Canada. Despite the many press releases, there has been no formal mining announcement. "We have launched our own Bitcoin mining operation and it will be a focal point for Riot's expansion plans moving forward," is all Riot says on its webpage dedicated to mining. SEC filings are silent on mining activity. As for professional poker players advising Riot? O'Rourke told CNBC the players are investors in the cryptocurrency space with more than 50,000 social media followers. He called them "thought leaders."

Riot is not O'Rourke and Honig's first cryptocurrency investment.

In 2013, they were owners in BTX Trader, a cryptocurrency company, which was acquired by WPCS, a publicly traded company in which Honig had invested, according to court records. WPCS bought BTX on Dec. 17, 2013, just 13 days after it was incorporated in Delaware, according to SEC filings. At the time, WPCS was a communications, infrastructure and contracting company. The stock went up to $435.60 on a split-adjusted basis. It's now trading around $2 after selling off BTX Trader in 2015, according to SEC filings. Just last month, the company changed its name to DropCar after a merger and is now a cloud-services-for-cars company.

O'Rourke, through his lawyer, told CNBC in an email that he made several investments with Honig as co-investor. "BTX Trader was one of our first investments together in the blockchain sector in 2013," he said. "I have a good relationship with Mr. Honig, and he has been a supportive shareholder of Riot." Honig acknowledges the investment. The questions continue for Riot Blockchain. On Tuesday, Riot filed to withdraw prior SEC filings. "It is not the result of any government inquiry," O'Rourke said in an email. "It was just corporate clean up from our securities counsel."

CNBC

Yachts lined the dock behind the Boca Raton Resort & Club, where Riot Blockchain’s annual shareholder meeting was supposed to take place.As for the annual shareholders' meeting, "We did not have a quorum of shareholders required for a vote," O'Rourke said in the email from his lawyer. "We are also working on other corporate action items that would require shareholder approval and a shareholder meeting as well. We did not want to waste the time and expense of potentially having two shareholder meetings within a short period of time. Thus we adjourned the meetings, which is not an uncommon practice."

There is no new date for the shareholders' meeting.

"You see companies adjourn meetings in a context of a contested election and the like," Birns said. "I just don't think in this instance, there's any reason to adjourn their annual meeting."

And as to O'Rourke selling stock in December?

He told CNBC in the email: "I sold less than 10 percent of my overall position to assist with covering tax obligations as a result of so-called phantom income tax from the vesting of restricted stock awards. It is common for Executives to sell stock to cover such tax obligations. I could have sold more stock in that window but chose to sell just 30,383 shares."

O'Rourke welcomes increased regulation and transparency for the cryptocurrency industry. "Unfortunately, as with many new hot sectors, it [blockchain] has attracted some bad actors trying to capitalize on the hype," he said. "Riot is all for increased transparency and properly imposed regulation." Honig would not disclose how much he made on his investment in Riot, "I wasn't fortunate enough to do as well as you might think and people might speculate. … I don't regret anything."

Chuck Reynolds

Marketing Dept

Contributor

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

NBC investigates public company that changed its name to Riot Blockchain

Cliff High: “Bitcoin can reach $100.000 in 2018”

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.

Chuck Reynolds

Marketing Dept

Contributor

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

Cliff High: “Bitcoin can reach $100.000 in 2018”

Ripple Signs Major Deal with Saudia Arabia's Central Bank

Ripple Signs Major Deal with Saudia Arabia’s Central Bank

Ripple, the third largest cryptocurrency by market cap, has been on a tear lately, and it has now signed a significant deal with Saudi Arabia’s central bank.

Ripple Rapidly Gaining Traction

Ripple continues to make inroads into the traditional financial sector. It has recently announced a massive deal with the UAE Exchange and a major partnership with Lianlian International. Additionally, Banco Santander is set to roll out Ripple payments in Q1, and just today came the news that Western Union will begin testing XRP transfers.

According to reports, Saudi Arabia’s central bank

has penned a deal with the San Francisco-based cryptocurrency company, which aims to help banks in the oil-rich kingdom settle instantaneous cross-border payments using blockchain software. Specifically, Saudi Arabia will utilize xCurrent, Ripple’s enterprise software solution facilitating such payments with end-to-end tracking. Saudi Arabia’s deal with the cryptocurrency company is the first such blockchain-utilizing pilot program launched by a central bank. Dilip Rao, Ripple’s global head of infrastructure innovation,

says:

Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers.

Saudi Arabia’s partnership with the virtual currency company comes after Gulf regulators have expressed concerns over Bitcoin and the cryptocurrency market’s lack of regulation. Thus, Ripple has, unsurprisingly, proven itself to be an attractive offer.

Unlike Bitcoin and other cryptocurrencies

that are largely founded on the premises of deregulation and decentralization, Ripple has openly marketed itself as a blockchain solution for traditional financial institutions. In turn, the cryptocurrency has long come under criticism for undermining what some consider to be the very foundations of cryptocurrency and blockchain technology.

Drawing further skepticism from investors is the fact that the vast majority of XRP tokens are owned by Ripple’s parent company, thus making it technically capable of regulating the price of said tokens. XRP saw highs around $3.84 on January 4th but has since fallen as low as $0.59. It is currently trading at $1.12. In December, UAE central bank governor Mubarak Rashed al-Mansouri also told Reuters that the central banks of both Saudi Arabia and the United Arab Emirates are working together in hopes of issuing a digital currency that would help facilitate cross-border transactions between the two countries.

Chuck Reynolds

Marketing Dept

Contributor

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

 

Ripple Signs Major Deal with Saudia Arabia's Central Bank

Bitcoin Posts Biggest Surge in Weeks

 

The Bitcoin Bubble Is Not Going to Pop

There are bright days ahead.

 

Cryptocurrencies are recording their biggest gains in weeks

after the president of the European Central Bank shrugged off talk of a ban. Bitcoin was up more than 7% in early trading Wednesday, gaining over $400 and adding $7.7 billion in market capitalization. In the past week, Bitcoin’s value has bounced back from recent turbulence, adding over $1,100 in value and over $19 billion in market cap.

While European banking officials warned consumers about the highly volatile nature of Bitcoin, Ethereum, Ripple and other cryptocurrencies, Mario Draghi, president of the European Central Bank, said in a video response to user submitted questions that no ban or regulation was forthcoming. ‘Many of you posted questions about whether the ECB is going to ban Bitcoins or it’s going to regulate Bitcoins,” he said. ‘I have to say it’s not the ECB’s responsibility to do that.’ Traders had worried that officials would impose regulations on the currency after the head of the head of the World Bank compared cryptocurrencies to “Ponzi schemes” last week.

Bitcoin and other digital currencies aren’t out of the woods yet, though. While the ECB isn’t planning any new rules, French Finance Minister Bruno Le Maire said in December he will ask his counterparts in the Group of 20 nations to consider joint regulation of bitcoin. That group is scheduled to meet in March. Bitcoin recorded the biggest gains on the news, but all major cryptocurrencies saw their value increase. Ethereum was up 5.8% just before 9am ET, Ripple eked out a 4% gain. The biggest winner of the morning, though, was Litecoin, which soared 38%. As of 9:00am ET, Bitcoin was trading for $9,288

Chuck Reynolds

Marketing Dept

Contributor

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

Bitcoin Posts Biggest Surge in Weeks

The Future Of Blockchain And Cryptocurrency

The Future Of Blockchain And Cryptocurrency

The Richest People In Crytpocurrency.

Sure, the wild swings in the price of Bitcoin and other cryptocurrencies dominate the daily news. But beneath the headlines, the nine blockchain startups on the Forbes Fintech 50 list for 2018 are building infrastructure—to support both public cryptocurrency markets and initiatives that could transform how current financial transactions are executed and recorded. Five of the nine are first-timers on the list. Newcomer Chainalysis, with just $1.6 million in capital invested, already counts the IRS, FBI and Europol as users of its tools, which allow specific crypto transactions to be traced.  Meanwhile, first-time list member Symbiont is working with both incorporation capital Delaware and mutual fund behemoth Vanguard, on blockchain initiatives.  Notably, founders of three of our picks—The Bitfury Group, Coinbase and Ripple—also earned spots on Forbes' new list of The Richest People In Crytpocurrency.

The Bitfury Group,

Amsterdam Produces both hardware and software for Bitcoin mining and security, as well as a wide range of software to support blockchains in government, supply chains and insurance.

Bona fides:

Working with the Georgian government to put land titles on the blockchain

Cofounder & CEO:

Latvian educated computer scientist Valery Vavilov, 38, on Forbes' list of the Richest People in Cryptocurrency

Funding:

$90 million from Credit China FinTech Holdings, DRW Venture Capital, iTech Capital, Georgian Co-Investment Fund, Blockchain Capital, Binary Financial and Bill Tai

Threat to:

Traditional government technology suppliers

Blockchain,

World’s most popular cryptocurrency wallet, enabling its users to manage their own private keys for Bitcoin, Bitcoin Cash and Ether. Expansion to U.S. now allows crypto trading in 22 states, including California.

Bona fides:

More than 23 million Blockchain wallets created

Cofounders:

CEO Peter Smith, Nicolas Cary and Ben Reeves

Funding:

$70 million from Lakestar, Richard Branson, Alphabet’s GV, Lightspeed Venture Partners and others

Threat to:

Coinbase and Xapo

Chain,

San Francisco, Offers blockchain technology for financial institutions, as well as ledger balance software for fintech and ecommerce companies

Bona fides:

Building blockchain initiatives with Nasdaq and Citigroup

Founders:

CEO Adam Ludwin, 36; CPO Devon Gundry, 36; and CTO Ryan Smith, 31

Funding:

$43.7 million from RRE Ventures, Khosla Ventures, Citi Ventures, Nasdaq, Visa, Fiserv, Orange Digital Ventures, Digital Currency Group, Blockchain Capital, Pantera Capital, 500 Startups, Thrive Capital and others

Threat to:

Inefficient legacy record keeping in finance

Chainalysis,

New York City, Its tools allow institutions and law enforcement to trace specific transactions on the blockchain.

Bona fides:

Customers include the Internal Revenue Service, Federal Bureau of Investigations, Drug Enforcement Administration and Europol

Founders:

CEO Michael Gronager, 47; CTO Jan Moller, 46; CRO Jonathan Levin, 27

Funding:

$1.6 million from Point Nine Capital, Digital Currency Group, FundersClub, Techstars, Converge Venture Partners

Threat to:

Criminals using cryptocurrency

Coinbase,

San Francisco, Easiest, most user-friendly onramp to the cryptocurrency world, offering digital currency wallets with more than 10 million users; trading in Bitcoin, Bitcoin Cash, Ethereum and Litecoin on GDAX exchange; and merchant tools.

Bona fides:

Reportedly passed $1 billion in revenue in 2017

Cofounder & CEO:

Brian Armstrong, 35, on Forbes list of the Richest People In Cryptocurrency

Funding:

$217 million from IVP, Greylock Partners, Draper Associates, Andreessen Horowitz, the New York Stock Exchange, Draper Fisher Jurvetson and others Latest official valuation: $1.6 billion, but surely more

Threat to:

Other crypto exchanges, fiat currencies

Ripple,

San Francisco Employs blockchain technology for cross-border payments. Transactions can be done with the XRP token, which has had a wild speculative ride, but isn’t necessary to use the Ripple network. (No banks have fully committed to using XRP.)

Bona fides:

Has 100 plus banking customers including Santander, UBS and American Express,

Cofounder and executive chairman:

Chris Larsen, 57, cofounder of Prosper and Eloan and the richest person in cryptocurrency

Funding:

$93.6 million from SBI Investment, Santander InnoVentures, Seagate Technology, CME Ventures, Standard Chartered Bank, Andreessen Horowitz, Lightspeed Venture Partners, Digital Currency Group, Blockchain Capital, Accenture and others

Threat to:

Correspondent banks and the SWIFT payment-settlement system

Shapeshift,

Zug, Switzerland Exchange allows users to trades between 70 cryptocurrencies, without establishing an account or wallet. To maximize privacy, it does not link to bank accounts or take fiat currencies, though it says a fifth of customers are from U.S. Charges no fees and makes money on the spread.

Bona fides:

In an unusual proof of concept, when Shapeshift was hacked by a malicious employee, no crypto was lost, since it does not hold customer funds.

Founder:

Erik Voorhees, 33, an American and early Bitcoin advocate who also founded Satoshi Dice.

Funding:

$12.2 million from Earlybird Venture Capital, Digital Currency Group, Lakestar, Access Venture Partners, Pantera Capital, Blockchain Capital, FundersClub

Threat to:

More traditional crypto-exchanges

Symbiont,

New York City Provides blockchain technology platform to the capital markets.

Bona fides:

Working with incorporation capital Delaware on initiative that will enable distributed ledgers (i.e. blockchains) to be used to track share issuance and ownership. Teaming with Vanguard Group on effort to use blockchain to share index data.

Cofounders:

CEO Mark Smith, 48, CTO Adam Krellenstein, 29 and Evan Wagner, 27

Funding:

$15.4 million from Celeridem Capital Management, Medici Ventures, Fenbushi Capital, SenaHill Partners and others

Threat to:

Broadridge and custody banks like BNY Mellon and State Street

Xapo,

Palo Alto, CA Provides secure offline storage for investors and family offices who want to hold Bitcoin as a form of digital gold (as opposed to actively trading it). Also offers Bitcoin wallets for consumers, mainly in developing world.

Bona fides:

Secures Bitcoin underlying the Bitcoin Investment Trust

Cofounder & CEO:

Wences Casares, 43, who founded the first online brokerage firm in Latin America

Funding:

$41 million from Benchmark, Greylock Partners, Ribbit Capital, Index Ventures, Fortress, Emergence Capital Partners and others

Threat to:

Other crypto storage solutions.

Chuck Reynolds

Marketing Dept

Contributor

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

The Future Of Blockchain And Cryptocurrency

What is U.Cash? The Cryptocurrency for Retail That's Spiking

What is U.Cash?

The Cryptocurrency for Retail

That's Spiking

The cryptocurrency wants to change how people bank.

 

 

A little-known cryptocurrency has jumped in price almost overnight.
U.Cash,
which promises to be a token with better real-world use for retailers, was the best performing crypto token on Monday. Its surging value, with seemingly no major event tied to its spike, has led some to suggest that investors are being caught at the center of a “pump-and-dump” scam by third parties.

The cryptocurrency has has a tremendous 24-hour rally. At the time of writing, the token saw by far the largest gains on cryptocurrency tracker CoinMarketCap, which logged a 400 percent rise in value to reach 18 cents per token in value. Its $1.6 billion market cap places it as the 22nd-largest token on the market, with 8.6 billion tokens in circulation.

The team has a simple mission statement:

Our mission is to build a global network of retail and individual converters providing cash to digital conversions to and from our ecosystem, helping people worldwide to unbank.

U.Cash has reasons to be positive about its future success. The team posted a video on its Facebook page last week that showed it has recently moved into new offices. Its “initial bounty offering,” where parties are rewarded for their contributions to the project rather than through buying tokens, completed last month. Its founder has big plans to grow the project and make it easier for people to buy cryptocurrency.

“We’re finding that South East Asia is really where the next frontier of growth is going to be, and is actually where a lot of our user growth and traction has come from,” Brian Phan, founder of the cryptocurrency, said in a pre-recorded video. However, some are fearful that its sudden rise is less about strong prospects for growth, and more about internet groups looking to make a quick return. “With just $4.17 million in 24-hour trading volume, it is evident this U. Cash price trend is a pump-and-dump cycle first and foremost,” cryptocurrency writer Jean-Pierre Buntinx wrote in his story for The Merkle.

“Pump-and-dump” is a scam operated by online cryptocurrency groups, where people agree to buy a tiny cryptocurrency all at once and then sell to make a profit. The rationale is that third parties will see the rising coin and join in, helping the scammers in on the plan to sell and reap the rewards. “They are 90 percent a scam to take money and the ones at the top will always win,” Brad Spann, a member of one such group, told The Outline. As with any investment, it’s always best to remain cautious.

Chuck Reynolds

Marketing Dept

Contributor

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

---

What is U.Cash? The Cryptocurrency for Retail That's Spiking