I woke up to a barrage of messages with more updates than I can pack under a 3 -minutes video and definitely with more coin recommendations than I have money to invest in. As always, I only share my speculation on coins where I have money in it. That way, I’ve got my money where my mouth is and if I give you bad advice, you know I’m going to go down with you. But of course I hope not. So far my information source has been very accurate.
Here’s an interesting news to wake up to this morning. Bitcoin to be made officially legal in India. Now we may see the tug of war going on between Bitcoin and Litecoin as prices go up faster than a teenage boy’s erection in a girls’ dorm room.
Viacoin was a recommendation that came in last evening while I was pre-recording content for the How-To Guide to Start Playing in Cryptocurrency and I thought I would include Viacoin in this morning’s update but Viacoin went up from 1.29 to 2.43 while I was asleep.
Viacoin claims to be 25 times faster than Bitcoin and touts itself the future of currency. From what I’ve read about it, Viacoin’s answer to Blockchain scalability issue is Treechain. The chief developer Peter Todd is a veteran in the scene and has been on various Cryptocurrency projects since the beginning. He has a very strong following and I see Viacoin has a huge potential to grow from 2 dollar to 10 or even more within three months.
If you are new to cryptocurrency and all these sound Greek to you, please go check out my Beginner’s Guide to Cryptocurrency where you can learn more about Blockchain and the brief history of Bitcoin and how it got its value.