The Sun Exchange is solar company that I follow and use to try to cover my downside risk in bitcoin.
Right now they are hosting a crowd funding due to end on July 17th. Continue reading “18 Days left! (July 17th)”
Protip, bitcoin tipping to content producers
Protip is a Google chrome plug-in that manages a bitcoin wallet and collects bitcoin addresses from websites that you visit with your browser. Continue reading “Protip, bitcoin tipping to content producers”
Microsoft rewards (Bing) to Bitcoin
I am going to try something new. I signed up for Microsoft rewards with Bing search engine. After 10 searches a day you earn 50 points. After you get enough points, you can buy Amazon credit from the Microsoft rewards. Using Purse.io, you can buy items for people with your Amazon credit and get Bitcoin in exchange. One reason to do this is because the value of bitcoin tends to go up over time.
TOR for credit cards?
I had an idea one day that maybe Purse.io is like The Onion Router (TOR) for your credit card.
TOR hides Internet activity by allowing a network to pass each other’s requests to the server and back to the user. So when you are part of the network, your requests are not your own and someone else’s requests are not theirs. This adds a layer of protection back to the web for some people. As all companies try to collect valuable data on who uses their services but some fear the information could be used for negative purposes.
After using Purse for a while, my Amazon suggestions started changing because I had bought varied items for other people in the USA and Canada. This is a good thing for people who are worried about “Big Data” knowing about all of your purchases. I guess if someone really wanted to know the truth, they could track delivery addresses instead of purchases, though.
It is interesting, but I guess that is as far as the idea goes. This is just something else to think about and another reason to consider using bitcoin.
Build your Bitcoin empire!
You should be building your own bitcoin empire. Even if you only put an hour a week into it, it would be time well spent. You should gain several sources or contacts to receive bitcoin from as well as considering a weekly savings plan of a small amount.
You also need to learn several places that you can use bitcoin. When you do both of these, you will hopefully start to see the value of dealing in this new currency on the side.
#TheFlippining
This hash tag seems to be centered on bitcoin and etherium switching places in market capitalization which is calculated using total coins available multiplied by the current market price. Etherium ha some questionable things about its initial release and ether is not meant to be a currency, but a fuel for the smart contract platform which is also used for ICOs..
There are other places to look for this technology. Rootstock is meant to be a smart contract platform that will run on bitcoin and there is also etherium classic (ETC) as viable future alternatives.
One possible ICO future
These ICOs are the talk of the town these days as the raise great sums of money. I want communicate one possible future where we don’t end up in a destructive crash.
Maybe we could run our own personal corporation where we raise funds by selling our own ICO. Then, we could buy back the shares later on the market if we get positive returns from our actions. It would take a lot of discipline, but maybe someone could pull it off. The first thing that investors want to know is the total supply of tokens and are some more going to be created in the future.
This way of raising capital is better than taking a loan from a credit card, right? What would you need to do to keep your investors happy? Do you need to be a master of PR and letting your investors know what is happening in your life/business?
If the investors need part of their funds back, they could sell their coins/tokens at the market price. Would people crash your token’s market, or would your token become extremely valuable in multiples? Well, I guess there are still more questions than answers. Some people may make it through this time shining as a handful of companies made it through the dot com bubble.
The way that I trade alt-coins for fun
The real value is in bitcoin, but a lot of us like to speculate in this market. I found this technique on a VLOG by Trevon James. [Quad Squad] I guess it was his friend Craig’s suggestion. I don’t use the Jaxx wallet, but I was able to adapt the idea to Coinigy. I think of this as one of those new fidget spinners. It keeps you out of trouble by keeping you balanced and busy. (Warning: Trevon does let some curse words slip in from time to time)
So I use one account on an exchange with a lot of alt-coins available. I bought a balanced supply of 4 alt-coins. I use Coinigy to keep an eye on the total balance where ever I am. When a coin’s bitcoin value is up over my alloted amount, I sell some to bring the balance down to the allotted amount. When the coin value is down, and I have some spare bitcoin, I buy back in up to the allotted amount. It is also good that the trading fees tend to be around 0.25% which makes it affordable to make many trades.
Traditionally people try to find a “bottom” of a market and go “all in”, but this balanced approach pushes you to buy and sell only a little at a time. You can do this with dollar value or bitcoin value depending on what platform you use and how you make it work for you.
So far, this idea is working well. The account is up in bitcoin value (so far) and I get to participate in daily trades. This account is only 10% of my holdings, so I can afford to loose it all. Another risk that I forgot to mention is that there may come a time where you can’t recover your coins from off of an exchange because of an event like a hacking. This is another reason to use only a mall portion of your total bitcoin holdings.
If you want to do more of a traditional trading approach, I suggest you go to The Rational Investor.
My biggest loss!
I lost the most money on the website bitbond. On the website, you lend bitcoin to people all around the world.
This wasn’t my first time doing peer-to-peer (P2P) lending. In 2006 to 2009, I was lending money to strangers in the USA and getting them out of payday lending traps with 300% APR. I had some defaulted loans, but I still came out ahead by 16% before the website stopped users from lending from New Jersey.
On Bitbond, it was another story. Over half my loans did not pay. So that was one lesson learned. Also, even if they did pay back with interest, the returns would not have beat the returns of holding bitcoin over the past year. So, always hold a high percentage of your crypto currency wealth in bitcoin for the long term. Bitbond is good if you want to give away money to people all around the world in this time of great financial debt right now.
Tracking and trading on bitcoin and alt-coin markets
I like to use a software called Coinigy to trade bitcoin and alt-coins. They have a website and andoid phone app. They have a great charting library and it is easily rated better than the charts offered on the websites of the exchanges. This can give you a better view of the market. They have API connections with some exchanges where you use the website or app to command your trades using your account on the exchange. Then you could easily move from exchange to exchange in the software and track multiple trades. I also like the “favorites” view on the android app which gives me a views of all of my favorite markets all at once.
