I bought $1k of the Top 10 Cryptos on January 1st, 2020 (July Update)
EXPERIMENT - Tracking Top 10 Cryptos of 2020 - Month 7 +71% See the full blog post with all the nerdy tableshere. If you're just joining us, this probably isn't what you think it is: it's more of a documentary than investing advice. See the rules of the Experimentshere. tl;dr: As of the end of July, the 2020 Top Ten Cryptos were up +71%. ETH best performer in July followed by XRP and BSV. Overall since Jan 2020: ETH moves into first place, followed by BSV. 100% of 2020 Top Ten are in positive territory, all ahead of Tether. Over three years, July 2020 is the first month that the combined crypto Top Ten Portfolios have outperformed a hypothetical same approach with the S&P. Details:
Which cryptocurrency surged in value after a TikTok challenge that encouraged users to buy went viral?
A) Dogecoin B) Chainlink C) Bitcoin D) Ethereum Scroll down for the answer.
Ranking and June Winners and Losers
2020 Top Ten Rank Another month of mostly downward movement: the “T”s (Tether and Tezos) both fell one spot. BNB dropped two spots and now is at the very edge of the Top Ten. XRP climbed one in the rankings, taking back third place from Tether. Regardless of how you feel about XRP, it was a bad sign to many crypto observers to find a stablcoin in the Top Three last month (no offense meant, USDT). July Winners – ETH, up a massive +55% in July. XRP and BSV tied for second place, both up +52% on the month. July Losers – Tether. The second worst performing crypto, Tezos, finished the month up +19%. Since COVID has hammered the sporting world, let’s be overly competitive and pit these cryptos against themselves, shall we? Here’s a table showing which cryptos have the most monthly wins and losses at this point in the experiment. In a three way tie for first place we have ETH,Tether, and Tezos, each with two Ws. BSV and Tether have the most Ls – both have finished in last place three out of the first seven months of the 2020 Top Ten Experiment.
Overall update – ETH moves into first place, followed by BSV. 100% of Top Ten are in positive territory.
Ethereum has moved into a commanding lead, up +177% on the year, followed by BSV, up +141%. After three straight months in the lead, Tezos fell hard in July, now sitting in third place (although still up an impressive +124% in 2020). Discounting Tether (again, no offense Big-T), EOS (+27%) is the worst performing cryptocurrency of the 2020 Top Ten portfolio. 100% of the cryptos in this group are either flat or in positive territory.
Total Market Cap for the cryptocurrency sector:
The overall crypto market gained more than $80B in July, and is now up over +80% since the beginning of this year’s experiment in January 2020.
BitDom BitDom finally budged: it fell about 2.5% percent to land at 62.3%, signaling a greater appetite for altcoins this month. The range up to this point in the year has been roughly 62% to 68%.
Overall return on investment since January 1st, 2020:
After an initial $1000 investment, the 2020 Top Ten Portfolio is now worth $1,713, up +71%. It is no longer the best performing of the three Top Ten Crypto Index Fund Portfolios, but isn’t too far behind: the 2019 group came in at +72% in July. Here’s the month by month ROI of the 2020 Top Ten Experiment, hopefully helpful to maintain perspective and provide an overview as we go along: ROI, month by month Besides the zombie apocalypse blip in March, so far so good: all green is good to see and a nice change from the all red table you’ll see in the 2018 experiment. The range of monthly ROI for the 2020 Top Ten has been between +7% in March and +71% in July. So, how does the 2020 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line: After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $3,695 ($260+ $1,722 +$1,713). That’s up about +23% for the three combined portfolios, compared to -10% last month. It also marks the highest ROI of the three combined portfolios since I started keeping track in January 2020. The previous high was +13% back in January 2020. Lost in the numbers? Here’s a new table to help visualize the progress of the combined portfolios: Combined $3k ROI That’s a +23% gain by buying $1k of the cryptos that happened to be in the Top Ten on January 1st, 2018, 2019, and 2020. But what if I’d gone all in on only one Top Ten crypto for the past three years? While most have come and gone over the life of the experiment, five cryptos have remained in Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC. Let’s take a look at those five: ETH then BTC well in front There you have it: Ethereum (+98%) would have returned the most at this point, followed closely by BTC (+88%). Following this approach with XRP, I would have been down -23%. Many thanks to Reddit user u/sebikun for the idea for a new metric. So that’s the Top Ten Crypto Index Fund Experiments snapshot. Let’s take a look at how traditional markets are doing.
Comparison to S&P 500
I’m also tracking the S&P 500 as part of my experiment to have a comparison point to traditional markets. Even with no end to the COVID pandemic in sight, the S&P continued its recovery. In July it moved into positive territory for the year. S&P breaks even Over the same time period, the 2020 Top Ten Crypto Portfolio is returning about +71%. The initial $1k investment in crypto is now worth about $1,713. The money I put into crypto in January 2020 would be worth $1010 had it been redirected to the S&P 500. That’s a $703 difference on a $1k investment, the largest gap in favor of crypto all year. But that’s just 2020. What if I invested in the S&P 500 the same way I did during the first three years of the Top Ten Crypto Index Fund Experiments? What I like to call the world’s slowest dollar cost averaging method? Here are the figures:
$1000 investment in S&P 500 on January 1st, 2018: +$220
$1000 investment in S&P 500 on January 1st, 2019: +$310
$1000 investment in S&P 500 on January 1st, 2020: +$10
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P: After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,540. That $3,540 is up over +18%since January 2018, compared to a +23% gain of the combined Top Ten Crypto Experiment Portfolios over the same period of time. Do you know what that means? That means we have a first this month: a 5% swing in favor of theTop Ten Crypto Portfolios! As you’ll see in the table below, this is the first time since I started recording this metric that crypto has outperformed a hypothetical identical investment in the S&P. This is a big turnaround from the 22% difference in favor of the S&P just last month. Crypto takes the lead
The crypto market as a whole is up +81% since the beginning of the year compared to the 2020 Top Ten Portfolio which has gained +71%. For the third month in a row, focusing on the Top Ten cryptos has yielded less than the overall market. This approach has seen mixed results with the 2020 group. For the first four months, the Top Ten outperformed the market as a whole. This was a bit of a surprise, as this strategy did not work out very well in the other experiment years. Although there are a few examples of the Top Ten strategy outperforming the overall market in the 2019 Top Ten Experiment, it’s interesting to note at no point in the first thirty-one months of the Top Ten 2018 Experiment has the approach of focusing on the Top Ten cryptos outperformed the overall market. Not even once.
July was undoubtedly a strong month in crypto. Where do we go from here? Do we consolidate for a time, fall back down, or continue the ascent? Will Bitcoin dominance continue to decline as altcoins receive more attention? Final word: Please take care of yourselves and your neighbors. FYI – everyone is your neighbor. Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2019 Top Ten Experiment follow up experiment.
Multi apartment clustered cryptocurrency mining rig
So you’ve probably just heard all your classes are online. And now you’re trying to sublet your apartment but no one’s gonna take it. So now you’re gonna be paying at least $1000/month for an empty apartment. I have a proposal that can reduce that cost and possibly turn a profit. Firstly, we have a very high risk credit market on our hands. The Federal Reserve has been pumping money into the economy and at some point the US dollar will have to inflate while growth stagnates (aka stagflation). During stagflationary periods in the past the price of non-fiat currencies like gold or silver has skyrocketed. Recently cryptocurrencies have emerged with the same general economic properties of such commodities. Therefore we may see an increase in their values as the Fed keeps pumping more money into the economy. As of now in order to generate enough money per month to pay off rent in South Campus Commons, each apartment would need a Bitcoin rig capable of generating ~2200 TH/s (since you don’t pay for electricity). For the Varsity and View this might have to be higher considering the cost of electricity. This is definitely possible with new ASIC chips that are solely built for the purpose of running Bitcoin hashing algorithms. For other cryptocurrencies (Ethereum, Litecoin, Dogecoin), these rates may be different. But like any good portfolio manager, diversifying our investments will ensure we have a profitable outcome. If enough students come together to construct a Bitcoin mining rig in their apartments we could essentially create a multi apartment clustered miner to be able to generate Bitcoin. On top of that, because campus server resources will be diminished due to online classes, we can in turn utilize that computing power to help mine such cryptocurrencies. As a result we won’t have to find people to sublet our apartments to and won’t have to worry about the financial undertakings associated with it. TL;DR: Corona collectively fucked everyone in the ass and we should build a massive Bitcoin rig to pay off our rent.
When we were a much smaller society, people could trade in the community pretty easily, but as the distance in our trade grew, we ended up inventing institutions such as banks, markets, stocks etc. that help us to conduct financial transactions. The currencies we are operating with nowadays are bills or coins, controlled by a centralized authority and tracked by previously mentioned financial institutions. The thing is, having a third party in our money transactions is not always what we wish for. But fortunately, today we have a tool that allows us to make fast and save financial transactions without any middlemen, it has no central authority and it is regulated by math. Sounds cool, right? Cryptocurrency is this tool. It is quite a peculiar system, so let’s take a closer look at it. by StealthEX
Layers of a crypto-cake
Layer 1: Blockchain
First of all – any cryptocurrency is based on the blockchain. In simple words, blockchain is a kind of a database. It stores information in batches, called blocks that are linked together in a chronological way. As the blockchain is not located in one place but rather on thousands of computers around the globe, the blockchain and the transactions thus are decentralized, they have no head center. The newest blocks of transaction are continuously added on (or changed) to all the previous blocks. That’s how you get a cryptocurrency blockchain. The technology’s name is a compound of the words “block” and “chain”, as the “blocks” of information are linked together in a “chain”. That’s how crypto security works – the information in the recently created block depends on the previous one. It means that no block can be changed without affecting the others, this system prevents a blockchain from being hacked. There are 2 kinds of blockchain: private and public. Public, as goes by its name, is publicly available blockchain, whereas private blockchain is permissioned, which only a limited number of people have access to.
Layer 2: Transaction
In fact, everything begins with the intention of someone to complete a transaction. A transaction itself is a file that consists of the sender’s and recipient’s public keys (wallet addresses) and the amount of coins transferred. The sender begins by logging in into his cryptocurrency wallet with the private key – a unique combination of letters and numbers, something you would call a personal password in a bank. Now the transaction is signed and the first step which is called basic public key cryptography is completed. Then the signed (encrypted) transaction is shared with everyone in the cryptocurrency network, meaning it gets to every other peer. We should mention that the transaction is firstly queued up to be added to the public ledger. Then, when it’s broadcasted to the public ledger, all the computers add a new transaction to a shared list of recent transactions, known as blocks. Having a ledger forces everyone to “play fair” and reduce the risk of spending extra. The numbers of transactions are publicly available, but the information about senders and receivers is encrypted. Each transaction holds on to a unique set of keys. Whoever owns a set of keys, owns the amount of cryptocurrency associated with those keys (just like whoever owns a bank account owns the money in it). This is how peer-to-peer technology works.
Layer 3: Mining
Now let’s talk about mining. Once confirmed, the transaction is forever captured into the blockchain history**.** The verification of the block is done by Cryptocurrency Miners – they verify and then add blocks to the public ledger. To verify them, miners go down on the road of solving a very difficult math puzzle using powerful software, which is that the computer needs to produce the correct sequence number – “hash” – that is specific to the given block, there is not much chance of finding it. Whoever solves the puzzle first, gets the opportunity to officially add a block of transactions to the ledger and get fresh and new coins as reward. The reward is given in whatever cryptocurrency’s blockchain miners are operating into. For example, BTC originally used to reward miners in 50 BTC, but after the first halving it decreased to 25 BTC, and at present time it is 6.25 BTC. The process of miners competing against each other in order to complete the transactions on the network and get rewarded is known as the Proof-of-Work (PoW) algorithm, which is natural for BTC and many other cryptocurrencies. Also there are another consensus mechanisms: Proof-of-Stake (PoS), Delegated Proof-of-Stake (dPoS), Proof-of-Authority (PoA), Byzantine Fault Tolerance (BFT), Practical Byzantine Fault Tolerance (pBFT), Federated Byzantine Agreement (FBA) and Delegated Byzantine Fault Tolerance (dBFT). Still, all of them are used to facilitate an agreement between network participants. The way that system works – when many computers try to verify a block – guarantees that no computer is going to monopolize a cryptocurrency market. To ensure the competition stays fair, the puzzle becomes harder as more computers join in. Summing it up, let’s say that mining is responsible for two aspects of the crypto mechanism: producing the proof and allowing more coins to enter circulation.
Types of cryptocurrency
In the virtual currency world there are a bunch of different cryptocurrency types with their own distinctive features. The first cryptocurrency is, of course, Bitcoin. Bitcoin is the first crypto coin ever created and used. BTC is the most liquid cryptocurrency in the market and has the highest market cap among all the cryptocurrencies.
The term ‘altcoins’ means ‘alternatives’ of Bitcoin. The first altcoin Namecoin was created in 2011 and later on hundreds of them appeared in crypto-world, among them are Ravencoin, Dogecoin, Litecoin, Syscoin etc. Altcoins were initially launched with a purpose to overcome Bitcoin’s weak points and become upgraded substitutes of Bitcoin. Altcoins usually stand an independent blockchain and have their own miners and wallets. Some altcoins actually have boosted features yet none of them gained popularity akin to Bitcoin. More about altcoins in our article.
Token is a unit of account that is used to represent the digital balance of an asset. Basically tokens represent an asset or utility that usually are made on another blockchain. Tokens are registered in a database based on blockchain technology, and they are accessed through special applications using electronic signature schemes. Tokens and cryptocurrencies are not the same thing. Let’s explain it more detailed: • First of all, unlike cryptocurrencies, tokens can be issued and managed both centralized and decentralized. • The verification of the token transactions can be conducted both centralized and decentralized, when cryptocurrencies’ verification is only decentralized. • Tokens do not necessarily run their own blockchain, but for cryptocurrencies having their own blockchain is compulsory. • Tokens’ prices can be affected by a vast range of factors such as demand and supply, tokens’ additional emission, or binding to other assets. On the other hand, the price of cryptocurrencies is completely regulated by the market. Tokens can be: • Utility tokens – something that accesses a user to a product or service and support dApps built on the blockchain. • Governance tokens – fuel for voting systems executed on the blockchain. • Transactional tokens – serve as a unit of accounts and used for trading. • Security tokens – represent legal ownership of an asset, can be used in addition to or in place of a password. Tokens are usually created through smart contracts and are often adapted to an ICO – initial coin offering, which is a means of crowdfunding. It is much easier to create tokens, that is why they make a majority of coins in existence. Altcoin and token blockchains work on the concept of smart contracts or decentralized applications, where the programmable, self-executing code is ruling the transactions within a blockchain. By the way, the vast majority of tokens were distributed on the Ethereum platform.
Generally a fork occurs when a protocol code, on which the blockchain is operating, is being changed, modified and updated by developers or users. Due to the changes, the blockchain splits into 2 paths: an old way of doing things and a new way. These changes may happen because: a disagreement between users and creators; a major hack, as it was with Ethereum; developers’ decision to fix errors and add new functionality. The blockchain mainly splits into hard forks and soft forks. Shortly speaking, coin hard forks cannot work with older versions while soft forks still can work with older versions. Hard fork – after a hard fork, a new version is completely separated from the previous one, there’s no connection between them anymore, although the new version keeps the data of all the previous transactions but now on, each version will have its own transaction history. In order to use the new versions, every node has to upgrade their software. A hard fork requires majority support (or consensus) from coin holders with a connection to the coin network. If enough users don’t update then you will be unable to get a clean upgrade which could lead to a break in the blockchain. Soft fork – a protocol change, but with backward compatibility. The rules of the network have been changed, but nodes running the old software will still be able to validate transactions, but those updated nodes won’t be able to mine new blocks. So to be used and useful, soft forks require the majority of the network’s hash power. Otherwise, they risk becoming set out and anyway ending up as a hard fork.
As it comes from the name, stablecoins are price-stabilized that are becoming big in the crypto world. Still enjoying most of the “typical-cryptocurrency” benefits, it is standing out as a fixed and stable coin, not volatile at all. Stablecoins’ values are stabilized by pegging them to other assets such as the US Dollar or gold. Stablecoins include Tether (USDT), Standard (PAX), Gemini Dollar (GUSD) which are backed by the US Dollar and approved by the New York State Department of Financial Services.
Now that we hacked into cryptocurrency, you probably understand that it is much less mysterious than it first seemed. Nowadays, cryptocurrencies are making the revolution of the financial institution. For example, Bitcoin is currently used in 96 countries and growing, with more than 12,000 transactions per hour. More and more investors are involved, banks and governments realize that these cutting edge technologies are prone to draw their control away. Cryptocurrencies are slowly changing the world and you can choose – either stand beside and observe or become part of history in the making. And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 300 coins and constantly updating the cryptocurrency list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps: ✔ Choose the pair and the amount for your exchange. For example BTC to ETH. ✔ Press the “Start exchange” button. ✔ Provide the recipient address to which the coins will be transferred. ✔ Move your cryptocurrency for the exchange. ✔ Receive your coins. Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected]). The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision. Original article was posted onhttps://stealthex.io/blog/2020/09/29/how-does-cryptocurrency-works/
Earning with Cryptocurrencies: “Cointiply” The King of Faucet!
The Direct Faucet with the largest community in the category. Earning with cryptocurrencies is no longer a saying! Cointiply immediately presents itself as a faucet site very rich in features and options. Perhaps one of the most complex of all. Thanks to it, you can earn with cryptocurrencies, accumulated through faucets and PTCs (advertising displays), in many different ways that we will explain extensively in the article. If Coinpot, thanks to its faucets, ideally represents the famous expression of the crypto world "To The Moon", Cointiply is the undisputed king of faucet sites due to the very high number of subscribers. Let's proceed with registration immediately by following the banner below. Rarely as in this case it is necessary to do it immediately as it would be difficult to follow the guide without being able to do it step by step. After logging in, you will enter the Dashboard, which collects all the menus and submenus of the site. Starting from the top, the total amount of cryptocurrencies earned with three different value measures will be shown on the right: Coins, Dollars and Bitcoin. Just below you will see your nickname chosen when registering. Selecting it, a drop-down menu will appear showing the following items: - Account Settings, where you can activate some functions offered by the site: enable annual interest when the balance exceeds 35000 Coins, allowing you to earn exponentially with the accumulated cryptocurrencies; receive notifications about new earning opportunities, share your profile with other users, change your nickname and enable 2-factor verification both with Google Authenticator and via email. - Manage Premium, in this section it is possible to upgrade your account which will bring various benefits including the elimination of advertisements. In the event that you do not have the necessary funds, it is possible to participate in a drawing in which a Premium account will be raffled off by purchasing a ticket worth 340 Coins. - Withdraw, thanks to which you can make the transfer of the crypto gudagnate. It is possible to choose between 2 different wallets: Bitcoin and DogeCoin. The minimum threshold for the Bitcoin wallet is 50,000 Coins while for the Dogecoin one it is 30,000 Coins. We remind you that once the 35000 Coins accumulated threshold is exceeded, the stock on the site will yield an interest of 5% per annum on the total balance, allowing you to further earn with your hard-earned cryptocurrencies. - Help & Support, the inevitable help and in-depth section - Logout, to exit the site On the left is the main menu, also divided into various sections: - Cointivity Profile, which shows your CointiPoints balance, your level and your current ranking. Just below, the Boosts you may have purchased and equipped and the consumables you have unlocked by leveling up are listed. We are talking about "Items" that can be obtained by opening the paid crates in the Inventory & Pods subsection. The list of content that you can fortunately receive is listed in the other subsections Item List and Collections. The last item in this section, Leaderboard, draws up the daily and historical ranking of the site's most active users. - Earn Coins, refers to the Dashboard and lists all the ways to earn cryptocurrencies that the site makes available: surveys and tasks to be performed, the faucet, multiplayer, watch some videos, view the advertising pages, play some classic videogames, your referral URL and the 5% annual interest on accumulated funds we talked about above. - Faucet, or Roll the Faucet, which can be performed every 60 minutes, which will reward you with a variable amount under the different bands visible on the right. Scrolling down you will see a series of links and information, which are repeated on the site, which we have already talked about almost fully. The most important is the keeping of the loyalty bonus which will grow by 1% per day until the 100% threshold is reached, but only if you make at least one daily claim. - Settings, described at the beginning of the article - Promos, where Coins Bonuses will be obtained thanks to promo codes for those who agree to receive notifications via browser. - News, site news always updated! - Help, the FAQ page. Everything is explained! - Crypto Prices, the value and market trends of the main cryptocurrencies. Before continuing, a brief explanation of the Dashboard, which at first glance would seem chaotic. In addition to the menu on the right, there is also one at the top next to the title that includes all the links, functions and opportunities to earn with the cryptocurrencies we have described. Its presence serves to optimize the usability of the mobile version of the site, identical in all respects to the desktop version, with the exception of the menus. In the center of the Dashboard page, broad visibility is given to the main offers and surveys made available on the site. Just below, the Earn Coins box with all the ways to earn cryptocurrencies. It is right to spend a few more words for some of the aforementioned items: - Offers, where you can accumulate Coins by completing surveys, viewing particular videos and much more. A section that guarantees great bonuses but obviously takes a long time. And polls aren't always successful. - Roll the Faucet, described above. - Multiplier, a nice game with dreamlike background music in which you can challenge your luck to get higher and higher amounts. Dedicated to those who love risk and betting and want to earn with cryptocurrencies obtained from faucets and PTCs. - Videos, thanks to which it is possible to earn Coins simply by watching videos. Useful is the fact that the site shows a preview of the income that will be obtained and the videos that you will have to view. - PTC Ads, a section where you are rewarded with Coins simply by visiting advertising web pages. Perhaps the most profitable option ever on the site taking into account the short time it takes to occupy. You can also create advertising campaigns for your site and manage them directly from this section thanks to the numerous options offered. The history of all the PTC Ads displayed is remarkable. The FAQ section is very useful, the first case ever for this earning methodology, which explains how PTC Ads work. Finally, thanks to Deposit Bitcoin, you can generate a wallet address to make deposits to be used in your advertising campaigns. - Games, where by playing certain online games you will get Coins in exchange. Definitely to try sometime. - Referrals, where you will find your unique referral URL, the details of all your subscribers and the total amount of cryptocurrencies that have earned you. You will get a 25% bonus on faucets and 10% on other offers / modalities Finally, let's not forget the chat, which is very useful and very popular with users registered with Cointiply. The pink "Start Chatting" button to access it is not very visible and is located above the left menu. Let us remember once again that the mobile version offers the exact same features as the desktop one. In these days the App version has also been released, to which we will dedicate a specific article! If you still have doubts about this vast faucet site, or rather, would you like to give us some advice, do not hesitate to contact us. Making money with cryptocurrencies on Cointiply is possible! See you soon for the next article. If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
Bitcoinsxchanger is the most popular platform and its currency converter provides a fast-confirmed currency from Exchange Dogecoin to the US dollar. We're here to make sure you can make Dogecoin conversions at the latest exchange rate. We have an amazing currency calculator that offers a perfect method for investors to international in the stock market for various currencies. The method of converting from Dogecoin to the dollar can be performed at both present and historical levels – to do so, pick the appropriate exchange rate date. For a fact, the currency converter displays the closing rate of the previous day as well as the maximum and lowest exchange rate for any cryptocurrency, like Bitcoin and Dogecoin. Bitcoinsxchanger currency calculator also provides offers other exchange rates for about 160 international currencies. How to convert Dogecoin This might seem very easy to pick up any Dogecoin, but until now it has been difficult to convert Dogecoin into cash. It was considered to be a difficult task for anyone interested in turning their Dogecoins into government-backed currency with larger acceptance to make an individual deal with anyone willing to exchange for Bitcoin, which could then quickly be exchanged for dollars, Euros, and the like. However, this intermediate step not only made the entire method considerable more costly but also added a risk factor. The new and modern technology to convert Dogecoin into dollars easily and comfortably will alter the nature of how the currency is used. DOGE VALUE CALCULATOR Dogecoin Value Calculator is a popular device found on nearly any crypto exchange platform. This device is commonly available, and developers, dealers, and miners are constantly utilizing various cryptocurrency calculators. This is used to measure the expense of digital money and to determine the productivity of the company. You will find a number of calculators that would be helpful to leaders in the digital currency community. Bitcoinsxchanger is a crypto exchange service that uses a cryptocurrencies value calculation tool. You can convert bitcoins to fiat currencies, so you should learn the prices. Dogecoin To Perfect Money The Perfect Money account allows e-payment transactions really simple. Users are enabled to make online payments to other digital currency platforms and vice versa. This system may be made to enable automatic exchanges to all of the Internet companies concerned. Cryptocurrency offers you a simple method to convert Dogecoins to Perfect Money. The limit or the minimum amount allowed in an account is $1000 and the interest rate is up to 4 percent a month. Transferring money to and from an account is also achieved by currency conversion, bank transfers, other payment systems, and e-Vouchers. The one feature that helps Perfect Money stand out from the others is the opportunity of users to buy gold, dollars, and dollars in real-time. Buy and sell dogecoin with PayPal There may be a number of ways to buy and sell Dogecoin with Paypal. Paypal deals for huge bitcoin, Ripple, and other cryptocurrency platforms. However, there are some of the internet markets that have accrued invisible payments where you have to pay after doing the transaction, which in short is a trap. Here on our platform, you wouldn't get the sort of patronized investing because we believe in accountability for our customers. It will be very easy for you to use our platform. You just need to take a few steps. Next, you need to exchange money to dogecoin and hold it in the e-wallet that has a special code after you get it you can sell dogecoin with PayPal and pass it to USD dollars. Once again, don't go to the person who has secret costs and who has the best rates for our services. https://preview.redd.it/xqcihljtk3j51.jpg?width=604&format=pjpg&auto=webp&s=d17e4c4260d9e46516e659c70ce68eaf86ea3542
Dear as they are, I hope well. In this post I come to bring a very practical tool which allows the deposit of money in the form of cryptocurrencies passively and from the comfort of your homes. Before starting I want to clarify that I am not coming to bring you any lies in which you are going to have to download programs or do strange things, this is totally simple and it works. Nor do I come to tell you that they will be able to earn 50 or 100 dollars in a day or a week, since there is no such tool. There is no easy way to earn that much money (at least for normal people like me). I also clarify that you have not yet obtained the benefit of the page since I have just started. But in what I take time I did not find any problem or any reason how to stop using it. Clarified everything we begin:
What is UNIEX?
In simple words, uniex is a cloud mining system. Many wonder what is cloud "mining"? Those who know about cryptocurrencies will know what it is about. For newcomers (like me) cloud mining is the financial exchange of the future to which I have great faith. Since approximately 2012, the cryptocurrency was created every day and every year that passes, it has gained more strength and monetary value. Besides that it is a tool that skips all the policies or everything that has to do with the financial systems of the banks, being able to do what you want with your virtual money without explaining it to anyone. https://preview.redd.it/akqb4pcnts451.jpg?width=1359&format=pjpg&auto=webp&s=16fa98e66b6fedba6f901c3dc062dba2b4dadfa3 In this post I am going to show you quickly how passive income can be generated. UNIEX is a page where you can invest to accelerate income, EYE, I am not telling you to invest, since virtual currencies fluctuate greatly and change value constantly. Although most cases are on the rise. If they do not invest they can have the same income, later we will see how much.
HOW TO START?
The first thing that I am going to leave you is the referral link of mine, so that you enter the page and can have USD 3 free to start reaping your cryptocurrencies passively
Is there any way to speed up the collection of cryptocurrencies?
Yes, there are. Previously he had commented that on this page you could invest. I emphasize, you can invest but it is not an obligation, and you have to take all the precautions, cryptocurrencies change value constantly. So this is up to you and your responsibility. To invest we go to the BUY THE POWER tab: https://preview.redd.it/fc0azzv92t451.jpg?width=1360&format=pjpg&auto=webp&s=6a1b6a730cb3241461dff4312c6f2384bfc74a07 The following screen will appear: https://preview.redd.it/tyh5bqas2t451.jpg?width=1326&format=pjpg&auto=webp&s=93bd56f9309d6e0dbd50dc4c479f0203eacd2bb4 Following the order of the letters they choose SCRYPT since we will start investing in DOGECOIN which is what we earn. Later when we have more money we can invest in Bitcoin or Ethereum, which are the currencies with the highest value in the cryptocurrency market today. In window B we will see the price in dollars to increase the speed and below we see the current speed. In C we choose the currency with which we are going to invest and then pressing BUY THE POWER we will obtain the increase of the collection. To finish, when we invest, another interesting thing is enabled, which is a "roulette" in which we can win prizes such as bitcoins, or increased collection power for any currency. To see this press the gift that is on the left of the screen: https://preview.redd.it/rwnw8uvz2t451.jpg?width=1327&format=pjpg&auto=webp&s=cf788b1e4a75a1c8342e174db70e01dd3a150d31 Una vez presionemos el boton Lets Play veremos algo así: https://preview.redd.it/xqn7y6i63t451.jpg?width=1340&format=pjpg&auto=webp&s=78350d7e57745ac8de58e117a9e303fa005febcc In A we will see our balance of Points. These points are obtained by investing money in BUY THE POWER previously explained. Logically the more we invest the more points they give us. We can bet these points on 1, 10 or 100 as shown in B. With their respective rewards shown in C. In the image the 10 point bet is selected. And the rewards are 0.1 Bitcoin which is a significant sum (almost USD1000) or 0.002 Bitcoin which is equivalent to USD 20 or force of power to increase the collection. There is always something to be gained and that is good because it will help us to accelerate the profit of money. If we select to bet 1 point we will get lower rewards, and when selecting 100 points the rewards are even greater. Well to finish I wanted to tell you what is that tab that says LIVE in the upper left of the screen. If we press there we will have access to 3 cameras. Which two of them point to the "servers" of UNIEX and the third camera points to a television which indicates the extractions that are being carried out (I do not post screenshots because just then they did not work, but believe me they work). And all in real time, very good the truth. This indicates seriousness and gives confidence to the user for the page. Well I hope I have been as clear as possible and have not left doubts. When I can withdraw I will add another post. I hope it works for you and you like it, and remember to be patient, something is not accomplished overnight. Thank you.
Kava "In The News" Media Tracker: This is a thread to track noteworthy Kava mentions within the news! This thread will not include "copy & paste" news - meaning, and article that was taken from somewhere else and republished. (Kava does like when that happens, but this thread is meant to track original stories only!)
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The Powerball™ is a lottery offered by a total of 44 states (and a few other places) in the US. Recently, the jackpot for Powerball™ grew to a record USD $1.3 Billion*. The next drawing for the Powerball™ is on Wednesday January 13. The odds of winning this jackpot are 1 in 292,201,338. To put it in perspective, you are more likely to be elected president, or struck by lightning while drowning than you are to win the Powerball™ Jackpot. Please post top level comments as questions. To respond, reply to that comment as you would if it were a thread. This post will be in suggested sort: new so that new questions have equal exposure. We will be removing other posts about the Powerball™ lottery (and lotteries in general) since the purpose of these megathreads is to put everything into one place. *Other currencies (for your convenience):
A quick note to investors that believe the intrinsic value of bitcoin is 0 because they can't do a DCF on it: this isn't the place to argue with me about it. I suggest you read a bit more about what it actually is (hint: not a currency). I've defended its value in plenty of other posts on this sub. It's a $40+ billion market, so at least a few people agree with me. I welcome you to short the crypto of your choice if you think it's worth nothing. This is a post for folks that believe that cryptocurrencies have at least some discernible value and are considering investing in them.
If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter. – Warren Buffett
Given the tripling of the cryptocurrency market cap in the last few months and the 3- to 10-fold increases in virtually every major altcoin, cryptocurrencies like Ethereum and of course Bitcoin have been getting a stunning amount of attention in the press and on this subreddit recently. If you follow the cryptocurrency world closely, you know that there have been a huge amount of dubious ICOs (initial coin offerings) on the market recently. It's an explosive time in crypto. It's also a frustrating time for many long term bitcoiners and crypto fans, because we're faced with a barrage of questions from outsiders who see the returns and want to buy in to the "next big thing" and make a quick buck. This is a warning to those people. Everyone is a genius is a rising market. It's hard to go wrong these days in crypto. Even coins of dubious merit like Ripple, Dogecoin, Stellar, NEM were pumped 5 times without any fundamental change. Speculators/investors have thrown money at crypto indiscriminately and efficient markets have 100% broken down. The altcoin pump right now is roughly comparable to the Dot Com crisis of the early 2000s.
New tech promises to change the world
Investors jump in on hype and promises
A surge of IPOs (ICOs) occurs to capitalize on this
"Greater fool" traders pile in, thinking they can make money even if the underlying is unsound
Analysts claim "this time is different" while seasoned old hands refuse to participate
Tech is proven not to be as developed as everyone thinks, market tanks
Select few decent companies survive, all the trash is destroyed
Tech eventually fulfills expectations, 10 years later, but none of the investors from the early days make money on it
However, canny (and skeptical) investors can still make money on crypto, as cryptocurrencies are inevitable, and will continue to expand and proliferate, even when the altcoin crash comes. Something to realize first of all is that the crypto market is heterogeneous. It has straightforward cryptocurrencies (bitcoin, litecoin, dash, monero), smart-contract cryptos (ethereum, ethereum classic) and a whole bunch of crypto tokens that follow dedicated platforms (golem, augur, steem). Not mentioned are ripple and stellar because they aren't really cryptocurrencies at all. The investing theses for all of these categories is radically different. The measure of success for a currency or store of value is adoption, merchant use, low volatility, a large network, and real world acceptance as something worth owning. Bitcoin has this right now, which is why it's more than 50% of the ecosystem, and none of its competitors are even close. Monero, Zcash, and Dash are a special case in that they try and make transactions anonymous and privacy, allowing for use cases on the darknet markets, for instance. The tech underlying bitcoin is essentially sound, although it is having a scalability crisis, which you should read about. It can't right now serve as a currency which will buy you a cup of coffee - the transaction fees are too high. However if you want to send $200,000 from Mexico to Indonesia or China to the Philippines, you can do it within 20 minutes, and with fees of a few dollars. And if you want to store your wealth in a vault that is totally secure, and cannot be debased by a central bank, bitcoin is a good bet. This is highly relevant to folks in India that just had cash abolished, to Venezuelans, to Argentines, to Cypriots, to Nigerians, anywhere local currencies are weak and volatile. The potential value of a competing cryptocurrency lies in whether it can improve materially on bitcoin, whether it means incorporating off-chain scaling (segwit with litecoin), making it more private and fungible (monero), automating governance (decred), and so on. Then there are cryptoassets that incorporate smart contracts. These – ethereum and its derivatives – exploded when the SEC denied the Bitcoin ETF back in march and bitcoiners got worried and started diversifying. This is the market segment that is highly risky, even by crypto standards, in my opinion. Ethereum is a protocol that allows contracts to self-enforce. Programming power to run the contracts is paid for with ethereum. Two parties agree to a contract, and it then self-executes. It's secured by a decentralized computing network of ethereum miners, so the contracts cannot be shut down by a government or corporation. It's pretty clever. Last year, a $150+ million contract was drawn up with ethereum, which would act like a venture capital fund, picking good investments just based on the votes of the token holders. This was called a Decentralized Autonomous Organization, and it was hacked before it could do anything. Well, it was exploited based on the code and so the exploit was totally "fair" given that the contract was meant to be inevitable, once agreed to. However, the creators of Ethereum didn't like the idea of losing $50 million, so they decided to collectively agree to amend the rules of the protocol itself (violating "Code is Law"), and jump onto a new one, which they would also call Ethereum, although it was really Ethereum 2.0. Some people got upset by this, because they thought that immutability and not arbitrarily rolling back the code was more important than some investors losing money because of poorly written code. They created Ethereum Classic, which is the original Ethereum chain. This wasn't what the Ethereum 2.0 folks thought would happen, but it did happen, so there are two competing Ethereum chains now. Eventually, lots of decentralized apps were funded, via tokensales. A development team would say: "we're going to use ethereum to create a decentralized cloud computing/AI/prediction/gambling/timestamping/social media network." And then investors would buy the tokens, expecting that eventually the dev team would deliver, and the tokens would be in demand, since they would be required to use the network. It's a bit like buying in-game-currency when the game is announced, anticipating that the game would be wildly popular and you'd be able to sell it on later at a profit or acquire it cheaply to buy in-game items later on. However, many of us think that the promises are a bit extravagant, and that investors in these ICOs are probably going to lose money. The incentives aren't well aligned. Founders can just not deliver and run off with the money, and there's no regulatory body to enforce that. And for Ethereum more broadly, many people are worried that the turing-completeness of the language will mean it will face serious threats and unforeseeable hacks, like with the DAO. Finally, Ethereum has increased from around $20 to $90 in a matter of months, which raises the question of whether a) the market realized its true value or b) it was pumped on speculation. There's a huge set of unknowns with a smart contract currency, and virtually none of the promised dapps are up and running right now, and the ones that are haven't really attracted large userbases or delivered. This is because the tech is in its infancy, and the developers are still learning how to use it properly. So we won't know if these sorts of decentralized networks are even possible to create on the timelines that investors are expecting. Therefore, ethereum investors buying it on the promise of the realization of this tech in the near future are almost guaranteed to be disappointed. Additionally, ethereum is making the switch to the largely untested Proof of Stake algorithm, which will change incentives that secure the network. This brings me to my key point: Stay within your circle of competence. You can grow your circle – slowly. Cryptoassets are almost impossibly complex to grasp with just a cursory look. Investing in them requires weeks of reading and a very skeptical view. The above was an introduction to cryptocurrencies, the different ones on offer, and why investing in ethereum is not the slam dunk everyone thinks it is. This portion of the post will tell you about the kind of due diligence you need to do if you want to invest, rather than speculate, in crypto. The first thing to mention is that passive investing in crypto has historically been a terrible strategy. Just buying bitcoin almost always outperformed. This was due to the poor set of altcoins, and the size of bitcoin's almost insurmountable network effect. This sort of changed in March and April when bitcoin's dominance went from 80% to ~50%, and it remains to be seen if this will persist or not. But the point is, buying the index is usually an awful strategy in crypto, particularly because there are so many truly awful projects out there. So what does it take to invest responsibly in cryptocurrencies? It requires at least a basic understanding of three disciplines: public-private key cryptography; programming, and how open-source projects function; and economics, particularly game theory and the quantity theory of money. This is why is is so difficult to apprehend easily: because very few people actually boast a sincere understanding of these three topics. I certainly don't. You need to be able to determine whether the tech is actually going anywhere, and whether the task the developers have set themselves is possible or realistic. You need to know how open source networks are governed, and which models strike the best balance between efficiency of decision-making and fair consensus. You need to be able to measure the inflation schedule of the cryptocurrency, and see whether your coins are going to inflated away. You need to be able to make plausible guesses about the potential market for the crypto and estimate future values. Note that the payoff structure is not equity-like. It's more like early stage venture capital, or buying loss-making biotech companies. Here's my checklist of questions to answer, ordered by importance:
Does the project offer a significant improvement over its nearest competitor, or a reasonable chance of success in its stated aim? Is there a demand for this project? Does it have a concise and reasonable goal? (Narrower goal: higher likelihood of success).
Is the development team competent? Are they committed to the coin? What's their track record? Is is an active dev team? Do they have a roadmap for the future? Are they transparent about goals?
How is the development team funded? Is the currency corporate-backed? Is the funding transparent? Was the coin significantly premined? (Usually bad) Are developers paid via iterative community project crowdfunding? (Usually good).
What is the governance structure of the currency? Who holds ultimate control over decisionmaking? How are decisions made? Are they transparent? Are mining/developer incentives aligned?
Does the asset have acceptance and use today? Does it have a functioning use case? If it doesn't, does it have a decent chance of being accepted?
Has the asset's "market cap" tripled or quintupled in the last few months? Was this based on any fundamental changes (new software releases, etc) or just speculation?
What are the transaction volumes like? (Hint: divide market cap by monthly averaged daily on-chain tx volume to find a consistent ratio) What's the ratio of on-chain transaction versus exchange speculation? Has price gone up independent of transaction volumes?
How long has the asset been around? Think of the Lindy effect. Older is usually better.
What's the community like? Is there censorship? Does it have an active subreddit? Do the developers answer questions? Are they accessible? How big is the github community? (Hint: you can divide market cap by github commits to find a comparable ratio).
Are you psychologically able to hold this coin in a 90% downturn? Is this a high conviction thesis or are you betting on being able to sell it to a greater fool?
How long did it take you to learn about investing in equities? Reading balance sheets, running DCF and DRI models, figuring out how to value a stock based on comparables? Years? How many mistakes did you make before you figured out how to be responsible? Cryptos are an asset class that is both radically different from anything that has existed before. They are also incredibly heterogeneous, as I argued above. It also leads to cultism – so bitcoiners generally take a dim view of ethereum, and vice versa. Monero fans generally don't like dash, and so on. You have to keep your mind open to understand new opportunities as they arise, and to stop yourself becoming too mentally invested in your project of choice. The vast majority of projects will fail within 5 years, so becoming overly certain of the success of one will probably devastate you. If you can stay balanced, stay honest about your crypto's chances of success and adoption, not get tunnel vision, and not take overly risky positions, you have a good chance of not losing everything. Remember the payoff structure. Heavily rightward skewed. A ton of cryptos earn no return and a select few earn an absurd (1,000-10,000x) return. None of this is necessary if you just want to invest randomly in one of the top ten cryptos. That's the strategy of 95% of investors today. Pick a coin and go. If it's not bitcoin, I can pretty much guarantee you'll lose money. The newer, the worse. I've not made an effort to convince you that cryptos have intrinsic value. If you've made it this far, you probably think they're worth something at least. However, they're probably not worth as much as the market is pricing them at right now. Especially not those in the ethereum family. I'm not going to tell you what to invest in, because that would defeat the purpose of this post. I'm telling you to do your due diligence before blindly buying a crypto. And that due diligence on ethereum is as complex and difficult as Tesla or Amazon DD. And that your skills in equity valuation are pretty much useless in this asset class. My circle of competence doesn't extend to options or lean pork futures, so I don't touch those. I suggest that until you really feel comfortable in crypto, you don't buy randomly. Summative thoughts:
Investing in crypto is hard
90% of people that invest at market peaks will lose money
You have to extremely skeptical and invest in high-conviction positions
Cryptos are exhibiting bubbly behavior right now, it's a pretty bad time to pick one out
Cryptos are nothing like equities but they do have real value
Cryptos are the future, but almost none of these coins will survive 10 years
The older the better
Governance is key
These are speculative positions, only invest what you can tolerate losing
You can make money investing in cryptos
Passively investing in cryptos doesn't work
It's a winner takes most market, there won't be 1 crypto that wins. There will be different cryptos for different use cases.
edit: deleted chart with probabilities of success because of subjectivity and oversimplification. edit2: I've been overwhelmed with PMs so bear with me. also, please forgive any spelling errors on this post. I wrote it in one frenzied sitting. edit3: I knew I would get a fair amount of resistance from ethereum investors (even though I attempted to keep my post as balanced as possible) but I was unprepared from the breathtaking volume of spam and diversity of attacks. One particular user has made 30 comments in this thread. I don't have a stake in ETC, period. The post is 3000 words long and most of it is about how to properly do your due diligence in a crypto. if ethereum fares poorly by standard due diligence metrics, then perhaps your issue is deeper than one post on /investing. final edit: there have been some broken-hearted ethereum fans very busy organizing brigades against this post, and attacking me personally, and so on. It's all very incovenient. I can tell that I struck a nerve. This post isn't really about ethereum - it's about how to do research in crypto, and why you can't expect to profit handsomely without that due diligence. I mentioned ethereum because there are 3 or 4 breathless posts on here a day about its stunning gains and whether it's worth investing in. My answer: read about it first, from a diverse set of sources. A final note: I do not own any ethereum classic, I have never owned ethereum classic. I brought it up because it is part of the ethereum story, and an example of what happens when you have a contested hard fork. I do hope that ethereum succeeds, I am just cautioning against over exuberance.
Why Dogecoin When There is Bitcoin and Litecoin? This is Why...
In the past, I tried to move some bitcoin around, wow, what a hassle that was. My coins got stuck because I did not pay a high enough fee. And then I had to research on how to make the fee higher and resubmit the payment. Only to find out the cost of sending the transaction was now going to cost several dollars. This is where doge excels, you can send payments for only a fraction of a penny and a fraction of the time that it takes to send via bitcoin and litecoin. I suggest you make a small investment in all coins(Doge, litecoin, bitcoin) and try moving them around from wallet to wallet. You'll see that Doge is truly a rocket ship when compared to others. Here's a list of reasons I love Doge:
Capable of 9 times as many transactions as Bitcoin in a 10 minute period.
Capable of 2 times more transactions as Litecoin in a 2 1/2 minute period. Frankly if payment processors had adopted Doge in the past year current Bitcoin block discussions would be irrelevant. Anyone who has watched these discussions understands the immediate advantage of a network with larger transaction capabilities. Doge does this best.
Faster confirmation times. Bitcoin has a block every 10 minutes, Litecoin has a block every 2 1/2 minutes, while Doge has a block every. single. minute. We blow the other coins away when it comes to confirmation times. This way you can get on with your business in this fast paced world and not be sitting around waiting for confirmations like you would with other coins. Again, Doge does this best.
Blocks are not full. We have plenty of room to grow. We are in a very good position to watch Bitcoin and Litecoin work out the scaling issue, I consider Bitcoin and Litecoin our testing grounds.
The faster block time of Doge reduces the risk of double spending attacks.
A fast, well established network. Current Hashrate is 120 TH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (120,000TH/s). Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
A dev team that has focused on keeping a stable, well working coin. Not always looking for the newest bells and whistles that will pump a coin. But instead keeping the coin as stable and as fine tuned as possible. Rest assured that Doge is always going to work, and work well.
Longevity. Doge has been around for many years and is well established. With a huge community backing it.
Liquidity. You can sell 10's of thousands of dollars worth of doge and not crash the market. Maintains value. Doge coins liquidity is steadily increasing.
The speed, liquidity and value of Doge is useful to traders seeking arbitrage opportunities between exchanges.
It's primary function is to be a digital currency. And this function it does well, arguably better then any coin out there.
It will always maintain the integrity of the blockchain (no hard forks for special interests).
And have you see our dog? :P
It's easy to see, Doge does everything better then bitcoin and litecoin. We are faster, cheaper, and even more friendlier. We love our coin and we love our community. This is one of the most altruistic communities I have ever seen. There is no doubt that bitcoin and litecoin are great. All three coins(Dogecoin, Litecoin, Bitcoin) are built on the same exact technology. It's just that Dogecoin came a little bit later then bitcoin and litecoin, so we were able to fine tune our coin with the correct specifications to make it a more exceptional coin. I believe all three coins are great and there is a place for all of us here, I just feel that doge is greater due to our 1 minute block time and the awesome community and dev team backing it. Make no mistake, we do digital currency right. TLDR: With 1 minute block times, Dogecoin is faster, cheaper, and a much better digital currency then bitcoin and litecoin. Basically, we are no joke.
1) If I sent my claim to [email protected], do I still have to file another claim to the Trustees? Yes, you will still need to file a formal claim in order to receive your share of the bankruptcy assets. 2) What are the deadlines for filing my formal claim? The deadline for filing formal claims is 30 days before the hearings scheduled to examine assets and liabilities of the bankrupt companies. The two hearings have been scheduled in two different dates: 7 May 2019 for WebCoin; 21 May 2019 for BitGrail S.r.l. Therefore the deadline to file formal claims are, respectively: 6 April 2019 and 19 April 2019. Currently working on getting information about best way to file claims, where to send and what needs to be included. Aiming to have answers to this late next week. 3) Where do I send my formal claim? We don't know yet. We don't know whether it can be done online or via regular mail. But we are working to get this information. Once we know, we will publish the information on discord via #messageboard, on the nanocurrency subreddit, via medium post and anywhere else we can think of as a relevant channel to reach claimants. Hopefully claiming online will be possible. 4) What do I include in my formal claim? We don't know yet what the minimum information required to approve the formal claim will be. Hopefully, verification of the email you used for your BitGrail account will help a great deal. There might also be other demands to verify. But this too is something we are working to get more information on. 5) How much will I get? This is another question that is hard to answer at this time. In terms of crypto assets (if the reimbursement is done in crypto), it will depend on if the total amount of claims cover the remaining assets held by the bankruptcy estate or not. This is a process, and the most important focus right now is to begin and complete the process of collecting and organizing all formal claims. The trustees will likely not have anything to say about reimbursement before they know how many claimants they have to deal with and what the claims amount to in total. 6) What happens if assets remain unclaimed after the final deadline? We don't know if the deadlines posted will be extended or if claimants who do not make it in time will get a second chance. I would strongly suggest not to be late with filing your claim, hoping for an extended deadline. If assets are still unclaimed after the final deadline, these will most likely go to cover those who have filed their claims in time up to 100% of what they lost at most (highly unlikely). This is not at all a goal. We want as many as possible to formally file their legitimate claims and will reach out on the online platforms mentioned in 03. 7) How long will it take before I can get my assets back? Too many variable factors go into this to be able to give a specific amount of time. It depends on how fast the trustees and their assistants are able to work, how cooperative the creditors are, if the reimbursement happens in crypto or fiat, and how many claimants have to be handled throughout the process. While we have had a victory with the bankruptcy petition, I believe we still have a long way to go. Hopefully, we can all work together to get this right in the shortest amount of time possible. 8) Will the reimbursement happen in Crypto or Fiat? As with so many questions, we don't have a definitive answer at this time. That being said, I believe this depends on what the creditors want, and the option of being reimbursed in crypto should not be off the table. Because we are dealing with thousands (if not tens of thousands) of claimants from more than 70 different countries (some who might find it complicated to be compensated through the banking system), reimbursement in Crypto makes a lot of sense. It also makes sense in terms of saving claimants value, as the trustees will not have to liquidate the assets into fiat before returning them. A reimbursement process in Crypto will likely also save time for this entire process. We will see how likely it is, but I wouldn't count it out just yet. 9) I can't log in to my BitGrail account anymore? The BitGrail exchange has been closed for some time now. The exchange was not secure, and will not continue operating. Most likely, you will not be able to log in ever again, unless the trustees have the chance to and decide to allow login for users who need the data. We don't know if this is easy to do at this point or possible. For most, you will not need to login to BitGrail to file your formal claim, and the reimbursement process will likely not happen through the exchange. 10) I don't remember the exact amount I lost / I terminated my account. Several claimants have posted comments about similar issues. We will have to see what is possible to do with these challenges when we know more about the process of filing formal claims. 11) Will Bomber go to jail? We chose the legal system in this Bankruptcy case and have succeeded with this. What happens from here, in terms of criminal charges, is primarily up to the Public Prosecutor if this person deems it necessary or not. It is not a focus for this group at this point. Damage has definitely been done to the customers who used the BitGrail exchange. Because so many inaccurate statements from Bomber and Bitgrail have been shared on social media and spread around in different online publications, it has been important to make sure the facts were set straight and the court ruling was well known, now that it is public. For the sake of NANO (the asset that a great majority of the creditors lost, and still have percentages of now in the hands of the trustees) it was very important to correct the serious and incorrect accusations that the node or software itself was the reason for the double withdrawals. Many people, both claimants and others, have invested a lot of time and money in NANO, and when such a serious accusation gains traction (and is proven to be incorrect) it is vital to spend some time on getting the facts out. Now that this has been done, I also think it is important to let the Italian authorities deal with the rest of it and let Bomber deal with Bomber. We have all been angry for good reason, but I do not think it serves any of us to continue focusing on him, moving forward. Our time will be spent in a much more productive manner if we focus on the bankruptcy process and what we can do to get the best result possible there. This is a two way street of course, and if Bomber decides to intervene or make our process more difficult he will open himself up for a legal reaction. But so long as he does not interfere and minds his own business, I think the best will be to let the authorities deal with him and for us to leave him alone. 12) How much crypto / other assets do the Bankruptcy Estate holds? As far as we know: BITCOIN: 2 344,98 (+ 167,76 BTC ?) NANO: 4 001 097,97 DOGECOIN: 34 727 218 LITECOIN: 4 014,18 CREATIVECOIN: 87 964 LISK: 1 478 CFT: 376 684 BITCOIN CASH: 622,28 ETHEREUM: 2 619 BITCOIN GOLD: 339,59 In addition to this, the following has been seized as well: €554.701,08 0.00080000BCG on the Poloniex.com 2 bitcoin portal A BMW vehicle There are expenses with this process as well. Those who have been appointed by the court to manage this process will need to be paid for their time and work with this. 13) What do the current claims amount to in numbers and crypto? We currently have a little over 5000 claims, but keep in mind that these are not verified claims. This means that these claimants will all have to send in formal claims as well to have them verified and approved by the trustees (See question 1-4). I don't have the exact amount of crypto in total claimed at the moment, so will go back and update this when I'm done with them. What I can say, if these claims are anywhere near accurate, is that it is unlikely that we are looking at anywhere near 50,000 claimants or 220,000 claimants for that matter. This, because a larger part of the crypto is being claimed in these 5k claims alone, leading us to think that it seems more likely that the final number of claimants can range anywhere from 6-7k to 20k on the high side. I say this with the strong caveat that of course some of these unverified claims might be inaccurate or false, so we will of course know more when the trustees count up the actual amount of approved claims down the road. Bitgrail might very well have had 220k accounts, but many had more than one account, so amount of accounts do not necessarily represent amount of claimants. But again, we will have to see down the road how close or far apart these estimates are. 14) Can I get the same dollafiat value for my crypto as I originally purchased it for in 2017/2018? This question has come up several times, and there is a very logical answer to it; If the cryptocurrency (BTC, NANO, ETH etc) gets liquidated into fiat (sold), someone has to purchase that crypto whether it be done OTC or via regular exchanges. This person or group of individuals will likely not want to pay much more than market price for the crypto at the time of purchase. If your share of the bankruptcy holdings amount to 1 BTC, and that 1 BTC is worth $3000 at the time of sale, that is most likely the amount you would receive in dollars. Simply because it is not possible to reimburse you with money that is not there. This is also a good argument for accepting reimbursement in Crypto, rather than fiat (if this is possible), as the extra time, fees and complications with reimbursing you in fiat can be avoided. We are in a bear market right now. We don't know how long it will last or when/if we will head back into the bull market eventually. But the best hope for you to receive more in fiat value pr. crypto held would be if the market eventually turns around and people are willing to pay a higher market price pr. crypto than what is possible in today's market.
11-23 14:33 - 'How to save Bitcoin on transfers between cryptocurrency exchanges?' (self.Bitcoin) by /u/holderlab removed from /r/Bitcoin within 1580-1590min
''' Cryptocurrencies have become quite commonplace for many people. Every day, tens of thousands of transfers are made between wallets and exchanges around the world. However, few of us think about how much money is spent on paying commissions for transfers. In fact, some transactions lose a significant amount. For several months, the user can safely lose the amount that would be enough to buy a new TV or washing machine.Therefore, it will not be out of place for everyone to know how to save money on such operations. There are exchanges that charge 0.001 - 0.002 BTC (9 - 18 US dollars) for the transfer. There are those who ask a little less. For example, Poloniex asks for only 0.0005 BTC (about $ 5). However, having made 10 or 20 transfers, the amount ceases to seem so insignificant. Therefore, we offer a good option that will make transactions almost free.
How to save my BTC?
First, you need to choose some alternative currency for making transfers. It must meet the following criteria:
It should be low cost. The transfer fee will be lower when it will be possible to purchase more coins for the money available;
On two exchanges selected by the user, there should be a minimum difference between the price of buy and sell orders;
It is necessary to pay attention to the trading volume. The larger the number indicated for buying and selling, the less the course is subject to fluctuations, as a result of which the probability of a sharp change in the situation in the unnecessary direction will be lower.
The best coins to circumvent high commissions are Dogecoin and Bytecoin. Both meet the above criteria, but Dogecoin transactions are confirmed much faster.
DOGE is a fork of Litecoin. In technical terms, there were practically no changes, but in terms of marketing, both cryptocurrencies are significantly different from each other. The following features of this coin can be distinguished:
Block formation takes only 1 minute (LTC - 2.5 times longer, BTC - 10 times longer);
For the transaction you need to pay only 2 coins, regardless of the amount of transfer (this is only about $ 0.0047 or 5.1 * 10 -7 BTC);This coin has all the attributes of popular cryptocurrencies (anonymity, decentralization, advanced security system).
How it works?
As an example, you can exchange BTC for DOGE on some exchange, send them to another exchange, and then transfer the coins to your Poloniex wallet, paying a commission (unlike direct transfer). You can give an example of a real case with detailed numbers: user N on the Bittrex exchange changes 0.01023405 BTC to DOGE, after which he sends them to the Poloniex exchange and receives 0.01019278 BTC. The final commission for the transfer came out 0.00004127 BTC, which is 24 times more profitable than directly transferring BTC between exchanges. You also need to add a fee for transferring to a cold wallet (a little more than one dollar), but even with this in mind, the difference still remains noticeable. And one moment. After exchanging cryptocurrency for DOGE and transferring them to a wallet or exchange, these coins need to be sold. There are a couple of options: sell them at the current purchase or sale price. Here everyone must choose their own. Sales price orders are usually sold in less than half a day. In addition, it would simply be wrong not to mention another interesting fact about this wonderful coin. If you carefully look at the graph from Coinmarketcap of the DOGE price change, you can find one interesting detail. During the day, there may be a short-term sharp increase in the value of this asset. It is believed that due to the abnormally low commission, the coin is used on a large scale in arbitration operations, so by catching the right moment, you can also earn on DOGE. [Doge chart (Coinmarketcap)]1
A few words about Bytecoin. It was created in 2012 on the same algorithm as Monero. This provides the coin with a high level of anonymity and privacy. The cost of one asset is also low - $ 0,0004. Transactions are processed every 120 seconds. It’s simply not possible to track payments. Of course, Bytecoin is not as popular as DOGE, but you can take a closer look at it as an alternative. Today we looked at the best way to save money when transferring crypto assets between exchanges or wallets. Experienced traders most likely have their own tricks that help save the maximum amount of money, but this option is now seen as the most optimal, universal and practical. Currently, we are preparing to launch the [holderlab.io]2 service, which allows us to optimize the cryptocurrency portfolio. The service allows you to conduct a comprehensive assessment of the crypto portfolio using the correlation matrix and the effective border, as well as configure automatic portfolio rebalancing. Thanks for attention ''' How to save Bitcoin on transfers between cryptocurrency exchanges? Go1dfish undelete link unreddit undelete link Author: holderlab 1: prev**w.redd.*t/sul458f**8*41.jp*?**dt*=1212&***;*ormat=p*p*&*mp;aut*=w***&*=9e*4*c5b*d425191c**a*0c77e35d32f993**895 2: www**olderl*b*io/ Unknown links are censored to prevent spreading illicit content.
Conversion from Bitcoin to United States dollar can be done at current rates as well as at historical rates – to do this, select the desired exchange rate date. Today’s date is set by default ... Dogecoin to US Dollar? XDG = USD • ... See the value of your Bitcoin holdings. Enter the number of bitcoins you have, and watch their value fluctuate over time. Compare Bitcoin to gold and other precious metals by checking out the converters for Bitcoin to gold, Bitcoin to silver, Bitcoin to platinum, and Bitcoin to palladium. Try it on your phone or tablet—this site is designed with ... Dogecoin Price (DOGE). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in. Get started. Price charts Dogecoin price. Dogecoin price (DOGE) Dogecoin is not supported by Coinbase. Add to Watchlist $ 0.0026 +0.00%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 8 ... Dogecoin - US Dollar Chart (DOGE/USD) Conversion rate for Dogecoin to USD for today is $0.00263755. It has a current circulating supply of 127 Billion coins and a total volume exchanged of $52,691,526 FAQ Contact Us Track Order Account. Login Register ... DOGE to BTC Price Details Dogecoin to Bitcoin Exchange Rates . When you convert 1 DOGE to BTC, you will get 0.00000021 BTC, which is the exact amount of BTC that gets transferred in your wallet, once you convert. In the last 24 hours, the maximum DOGE to BTC exchange value stands at 0.00000022, while the lowest recorded exchange value is ...
How To Earn Free Bitcoin, Litecoin, Usd Dollar & Dogecoin Whitout Any InvestMent Live Payment Proof?
Any coin like Bitcoin dogecoin litecon and and all coin ko aap kaise kar sakte hain Yahan Par aur Main aapko Yahan Par bataunga ki Apne coin Jaise dogecoin to Bitcoin me kaise change Kare Shivam ... How To Earn Free Bitcoin, Litecoin, Usd Dollar & Dogecoin Whitout Any InvestMent Live Payment Proof? Technical Ananti G. Loading... Unsubscribe from Technical Ananti G? ... Dogecoin Exchange to USD Minimum 1000 Doge Exchange to Perfectmoney USD Quickly link: https: ... Hot to Exchange Dogecoin to Bitcoin - Duration: 0:48. magical code 11,277 views. 0:48 . Oliver ... This video will explain the connection between crypto currencies and the US dollar. It will demonstrate how to convert crypto currencies (bitcoin, doge coin, LTC) to US dollars. In March 2014, Shibes paid 55,000 US Dollars to sponsor a driver named Josh Wise. Wise raced in a Dogecoin themed car! dogecoin cryptocurrency is one of many cryptos out there. Most people only ...