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Once it hits 5000 itll be interesting to see how fat it rises and then what the new support point looks like. Ethereum seems to be at 300 and Litecoin found new support at 50.
All solid upward trends, I don't expect the "bubble" to burst very soon.
People are rallying into cryptos due to international tensions and instability. They feel it is a safe haven. Not sure I agree, but I'll enjoy the wallets fattening LOL
Made 10x on this thing and got out :)
Still watching though, a story may unfold
MMs look like they are doing their best to push it back down
$SVTE upward fins, stagnant pps. Definitely a good buy right now
Locked in the 10 bagger exit -- nothing like a super $$$ profit while on vacation
Maybe...I am guessing not though :/
$RMRK gqp up open and going to .001 today!
Yeah, although volatile, it is definitely a solid upward trend. I dont expect that to change very soon.
As far as shorting -- I do not know off hand. I have seenthe option for margin trading on exchanges but idk how it works exactly. It's definitely not something I would short at this point!
Just wish i had bought more! I covered at 100% so its all gain from .001, but STILL!
$ONCI big things coming
Looking at hitting 4500 today?!
Ether holding fairly steady around 300.
Litecoin sticking to the 45/46ish range.
I know I have said this before, and I do own Bitcoins, but I am stoll very bullish for Litecoin! Especially with Charlie Lee on the team now, I expect great things to come!
$ONCI looks better and better every week
Yeah, I have been lowering cost basis but its not helping lol..
I still think the company is legit and has good products, but I don't know that the steam will ever be there to break through the MM manipulation without some astronomica/nevergonnahappen kind of news :(
Yeah idk man, went from up A LOT back down to -5%. Holding too long!
I dont know about dilution but i see just plain manipulation
Jesus this is friggen killing me. MMs need to let this thing go! I hate them SO much.
A solid company with amazing fins. The revs they make call for a .2 MINIMUM PPS. W.T.F.
Great article! It definitely will be interesting to see what russia and china do in the next few years. With the instability of US government, the dollar seems ever more doomed to fall.
China will become more and more powerful as they continue to play the game better than any other country, slowly encroaching on terrirories and bulking themselves up as a world leader for trade and business.
Russia will become stronger as well as the climate changes. Many new business ventures will be uncovered as things get warmer and new mines, manufacturing plants, and shipping routes can be born.
Meanwhile, the US -- who knows?! Honestly it is so up in the air right now...
Many have hope that cryptos will be the safe haven to shield them from changes in world powers.
BUT, if there is an carastrophic event that takes down much of the technology networks (EMP, nuke, even a solar flare), cryptos will be just as worthless as dirt.
I dunno! Thats the trips though, love or hate em. Just ride the waves and sell dont get too greedy
Nice letter, fins coming soon. Hard at work! $IHSI
Sales and profit up, expenses down. Easily on track for $4 million sales this year.
Locked and loaded
I have seen that as well.
Have you heard of Ripple (XRP)? They are trying to be the central currency for banks. Right now their platform is doing very well adoption-wise, but the currency hs yet to catch on -- and they are taking a "it will happen eventually" kind of approach.
It doesn't have to be bitcoin that "wins". I actually hope it isn't! Bitcoin was the first, and as with most first it has its issues and limitations.
As far as how the government will attempt to gaon control over crypto currencies...I have no idea.
I mean, they could try to: take control over the peer network; impement strict legislation; take control over the exchanges; or some other stuff I can't think of right now.
Taking control over the network would be incredibly hard. If current computing power is always = N, then they would need to MAINTAIN N+1 computing power as the networ grows. Even then, the community could do a hard fork to attempt remove itself from the government controlled network. They would drfinitely have to pair this with strict legislature to ensure other cryptos were not good alternatives. In the end though don't think this would work out well.
I have no doubt that eventually governments will acquire control, as to when and how I have no idea.
Not exactly though, the transactions are recorded, but the beauty of the blockchain lies within the merkle tree. This prevents the network from having to search through every transaction ever made.
https://www.coindesk.com/information/how-bitcoin-mining-works/
How Bitcoin Mining Works
EXCERPT:
In traditional fiat money systems, governments simply print more money when they need to. But in bitcoin, money isn’t printed at all – it is discovered. Computers around the world ‘mine’ for coins by competing with each other.
How does mining take place?
People are sending bitcoins to each other over the bitcoin network all the time, but unless someone keeps a record of all these transactions, no-one would be able to keep track of who had paid what. The bitcoin network deals with this by collecting all of the transactions made during a set period into a list, called a block. It’s the miners’ job to confirm those transactions, and write them into a general ledger.
Making a hash of it
how bitcoin mining worksThis general ledger is a long list of blocks, known as the 'blockchain'. It can be used to explore any transaction made between any bitcoin addresses, at any point on the network. Whenever a new block of transactions is created, it is added to the blockchain, creating an increasingly lengthy list of all the transactions that ever took place on the bitcoin network. A constantly updated copy of the block is given to everyone who participates, so that they know what is going on.
But a general ledger has to be trusted, and all of this is held digitally. How can we be sure that the blockchain stays intact, and is never tampered with? This is where the miners come in.
When a block of transactions is created, miners put it through a process. They take the information in the block, and apply a mathematical formula to it, turning it into something else. That something else is a far shorter, seemingly random sequence of letters and numbers known as a hash. This hash is stored along with the block, at the end of the blockchain at that point in time.
Hashes have some interesting properties. It’s easy to produce a hash from a collection of data like a bitcoin block, but it’s practically impossible to work out what the data was just by looking at the hash. And while it is very easy to produce a hash from a large amount of data, each hash is unique. If you change just one character in a bitcoin block, its hash will change completely.
Miners don’t just use the transactions in a block to generate a hash. Some other pieces of data are used too. One of these pieces of data is the hash of the last block stored in the blockchain.
Because each block’s hash is produced using the hash of the block before it, it becomes a digital version of a wax seal. It confirms that this block – and every block after it – is legitimate, because if you tampered with it, everyone would know.
If you tried to fake a transaction by changing a block that had already been stored in the blockchain, that block’s hash would change. If someone checked the block’s authenticity by running the hashing function on it, they’d find that the hash was different from the one already stored along with that block in the blockchain. The block would be instantly spotted as a fake.
Because each block’s hash is used to help produce the hash of the next block in the chain, tampering with a block would also make the subsequent block’s hash wrong too. That would continue all the way down the chain, throwing everything out of whack.
....article continues further but that answers the computing power.
Since the original transaction all that happens now is hashing hashes over and over. The beauty of this is that, thanks to cryptography, the network does not need to search through the ledger every time, just compare hashes.
This still requires a LOT of computing power, but it doesn't require more as the chain gets longer -- it requires more as transaction volume increases.
Goooo $ONCI !!!
Interesting, thanks!
In order for them to create more bitcoins they would have to alter the core code of the blockchain. This would have to be agreed upon by everyone, otherwise you'd end up with another Bitcoin Cash scenario with a hard fork and a totally separate currency.
It's not like the fed where they can just print more money all the time whenever they want without any input from the public :)
2 years old?
Sorry for the broken responses. I have done some trading and done decently, not a big fan though. Obviously they can fluctuate wildly very quickly for seemingly no reason, and I can't stay up all night to watch the charts since they are 24x7.
That said, trading crpypts is not like a company/stock, its more like hedging one currency against another.
I am mostly buy and hold. Adding on the dips. Just keeping my position, if it goes to 0 then cool -- I can afford to lose it -- if it goes up like I think it will then great, I am a very happy camper!
To be honest i haven't really looked at gbtc at all. I dont understand it really.
Is it just a holding company that holds BTC and traders speculate that the company's holdings will be worth more as BTC rises?
Still long.
At this point just swinging the 5's to the 7's while keeping a core holding for long. Might as well play the game while its around
I haven't had any issues at all, I can liquidate in a matter of about 30 minutes top, from transferring from wallet to crypto exchange, cryptp exchange to USD exchange, then to bank account
NEM is up a lot too, from mid-teens to 26 cents each!
Ether has gone on a rip too, from that low of 150 to nearly 280 now!
Litecoin steady in the mid 40s (currently 46).
Loaded at ground floor
Love that 357% gain so far. Holding holding more to come!
$POTN newss! More and more good news!
$ONCI big support at .0026
Going up and ip
40 MILLION IN OPEEATING EXPENSES?? WTF?
Increased revenue to 2M but WHA!
Bitcoin Soars to $3,200 in New All-Time High; Bitcoin Cash Drops to Fourth
Rebecca Campbell
https://www.cryptocoinsnews.com/bitcoin-soars-to-3200-in-new-all-time-high-bitcoin-cash-drops-to-fourth/
The price of bitcoin has exceeded its previous all-time high of $3,000, soaring to $3,200 for the first time.
Figures from Coinbase show the market started moving around 03:00 a.m. when bitcoin’s price climbed above $2,900. At 10:30 a.m., bitcoin recorded a new historic high when it reached $3,200.
Today’s new high pushes the the market value of bitcoin up to $52.1 billion with the entire market now worth $108.9 billion. Over a 24-hour period, the number one digital currency increased its value by 10.19 percent while its value rose by 15.40 percent over the past seven days, according to CoinMarketCap.
It marks a new milestone for bitcoin as it hasn’t seen $3,000 figures since 12 June.
Low Support for Bitcoin Cash
Amidst a user activated hard fork (UAHF) which saw the creation of a new cryptocurrency called bitcoin cash, the new price for bitcoin signals a significant step. A lack of support for the new currency has seen its position fall from third down to fourth, behind ripple.
Bitcoin cash now has a market value of $3.8 billion while its price has dropped by over 20 percent in 24 hours to trade at $231. The highest it has reached, so far, was on the 2 August when it peaked at $727.
Some industry leaders have also come out against bitcoin cash saying that it is a ‘non-event.’
According to Sheffield Clark, CEO of Coinsource, he is reported as saying:
When we look back 30 days from now, this is essentially going to be a non-event.
Whereas, Perry Woodin, CEO of Node40, a blockchain service provider, specializing in infrastructure hosting and blockchain accounting, said:
People who are going to benefit from Bitcoin Cash are the ones who see it as free money, so they can then invest in something else. It’s going to be a race to see who can sell it the fastest.
Will Bitcoin Reach $5,000?
With bitcoin’s price achieving a massive leap it begs the question: can it reach $4,000 or even $5,000?
Last month, Sheba Jafari, Goldman Sachs chief analyst, made the prediction that the digital currency could get as near as $4,000.
However, Keiser Report Host Max Keiser has taken a more bullish approach and thinks a $5,000 price is ‘within sight.’
At the time of publishing, the price of bitcoin is currently trading at $3,167, according to CoinMarketCap.
Bitcoin Price Surges Past $3,200 to Hit New All-Time High
Aug 5, 2017 at 06:06 UTC by Stan Higgins
https://www.coindesk.com/bitcoin-price-surges-past-3200-hit-new-time-high/
The price of bitcoin has risen sharply, exceeding the $3,200 level for the first time on the CoinDesk Bitcoin Price Index (BPI).
The market advance began after 1:00 UTC, when the price of bitcoin climbed above $2,900, market data shows, crossing the $3,000 line around 3:12 UTC.
Markets hit a high of $3,216.02, according to the BPI, and at press time are currently trading at an average of $3,154.94. Per the BPI, bitcoin's price hasn't been above the $3,000 level since June 12.
The price advance also pushed bitcoin’s collective market capitalization past the $50 billion mark for the first time. According to the BPI, bitcoin’s market cap is around $52.35 billion at press time.
As might be expected, market volumes jumped along with the price. Data from Bitcoinity shows more trade volume during the past several hours than at any other point during the past week.
Almost $1M profit for last quarter, why is thisbonly 30 cents?
Forbes article on CBD products. Nothing specific to POTN but very good nonetheless
https://www.forbes.com/sites/debraborchardt/2017/08/02/people-who-use-cannabis-cbd-products-stop-taking-traditional-medicines/#78404a092817
Survey: Nearly Half Of People Who Use Cannabidiol Products Stop Taking Traditional Medicines
The largest survey on cannabidiol or CBD usage to date found that women were more likely than men to use CBD and once they started using it, were likely to drop their traditional medicine. A new survey from Brightfield Group and HelloMD covered 2,400 of HelloMD’s community of 150,000 members and did a deep dive into the usage of CBD products and their effectiveness. HelloMD is an online community that brings together doctors and cannabis patients.
Cannabidiol is one of the two cannabinoids found in marijuana. It is the non-psychoactive part of the plant and doesn’t give users the feeling that they are high or stoned. Instead, it is known to have medicinal qualities. Contrary to the image of men being the predominant consumers of cannabis, this survey found that 55% of the CBD users were women, while men preferred the THC-dominant products. Brightfield Group, which helped conduct the survey, studies consumption patterns and demand trends and is committed to providing accurate data in the cannabis industry which seems to be rife with unsupported claims.
The most common reasons people used CBD were to treat insomnia, depression, anxiety and joint pain, according to Dr. Perry Solomon, the Chief Medical Officer of HelloMD. Forty-two percent of the CBD users said they had stopped using traditional medications like Tylenol pain relievers or prescription drugs like Vicodin and had switched to using cannabis instead. Eighty percent said that they found the products to be “very or extremely effective.” Only 3% or less found the product to be either ineffectual or only slightly effective.
One of the areas that the CBD producers will have to work on is educating the consumer about CBD products. There are more than 850 brands of marijuana-derived CBD products on the market and 150 hemp-derived products. (Marijuana and hemp are the two variations of the cannabis plant.) Eight percent of the consumers surveyed admitted they didn’t know which CBD product they had used.
Adding to the confusion is the murky legal status of CBD. Technically, the U.S. Drug Enforcement Agency (DEA) labels all CBD products as illegal. However, hemp-derived CBD is available in just about every state and even online through Amazon. Marijuana-derived CBD tends to only be found in states with legal medicinal marijuana. “This confusion is actually helping the producers of these products as consumers are turning to reliable and trusted brands,” said Dr. Solomon. Care by Design is one of the top marijuana-derived brands in the California market, followed closely by Bloom Farms, a leader in the cartridge oil market for vape pens. Kiva Confections is the third favorite choice in the chocolate market. The survey found that these three brands dominated leaving the rest of the market very fragmented. One of the complaints from the CBD users in the survey was that marijuana-derived CBD products were more expensive than hemp-derived products.
When it came to hemp-derived CBD products, that market was led by Charlotte’s Web by the Stanley Brothers, which gained fame from the CNN reporter Sanjay Gupta. It was followed by Plus CBD oil and Mary’s Nutritionals. The complaint from the hemp-derived users was that it was less effective than the marijuana-derived CBD and that might explain why 90% said they would only buy marijuana-derived CBD. All users preferred vaping for consumption followed by traditional marijuana buds or flower with edibles as the third preference. They also spent between $20 and $80 a month on CBD products.
Dr. Solomon noted that patients using vapes feel the effects of the CBD faster than if they use an edible. If they are looking for relief, they want it quickly. However, in the case of insomnia he said a vape method of consumption works best if you have trouble falling asleep, but if you have trouble staying asleep than an edible is the better choice. “This landmark survey, in terms of its size and depth, shows the tremendous value that these products have for patients," Dr. Solomon said. "Hopefully, access for products such as these will help patients all across the country who cannot obtain medication that contains THC.”