A little known coin, but quickly getting an increasing fan base is Vertcoin. Vertcoin launched in 2014, spiked and then stagnate the last few years but is recently seeing a revival with its latest Segregated Witness (SegWit) upgrade in May this year. It claims to be Bitcoin alternative, which is just really saying that it's largely the same but with some key adjustments. However, the key difference here is that it will decentralize mining which is kinda huge concern for people right now. I'm personally not excited by this coin because it’s not that unique enough that other coins cannot replicate. Market forces are saying otherwise though with some even swapping from ETH mining to Vertcoin mining. I haven't decided if I want to invest in this coin yet. Just not feeling it. It's just a tiny bit over a dollar now, so you are up to it, maybe you might want to park a little here just in case the value shoots up as some people in the forums have predicted. "This should be a 10 dollar coin," someone quoted.
If you have inside information, please drop me a comment and let me know what I’m missing out. And in other news, Onecoin is rocked by yet another scandal. Just what's up with Onecoin? Onecoin if you haven’t heard about it yet, is led by Bulgarian Ruja Ignatova. Its main business is selling educational courses to teach you how to trade. Ruja seems like all kind of awesomeness and her PR campaign even showed her on the cover of Forbes but that and like many other news has been uncovered to be fake. On 16 June Ministry of Planning and Investment of Vietnam issued a statement that the license Onecoin said it’s been issued by the Vietnamese Government is a fake. More fake news! And in one other news not exactly related to cryptocurrency but was something I covered in my 15th Jun update on Potcoin, Denise Rodman and North Korea. The released American student Otto Warmbier who was in coma has died. North Korea is utterly surprised by this. They are calling it a mystery. My name is Eugene Tay. If you found my videos useful, please subscribe to this channel. Like and share the video with all your friends. Don’t get left behind.
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What’s up in the world of cryptocurrency and altcoins? The market had the greatest shock on Ethereum this morning when some clown sold off his ETHs for a mere 10 cents causing the market to drop from 360 to 14 dollars in a very short span of time, and then shot up again in 45 seconds, but by then anyone with a stop order or margin trading got royally fucked in the ass. People lost money, and some people gained a lot of money. What just happened? Did someone make a mistake? Keyed in the wrong amount? 10 freaking cents? No way.
The news is all over the place but what actually happened is still hazy. I poked my head into various forums to get the chatter and piece together what I think actually happened. This was no mistake. It’s market manipulation at its finest. If this was your normal FOREX market, the regulators will be all over this incident. But alas, this cryptocurrency universe and it’s still a wild west out there. Like I said it before, this place is not for the faint hearted or those without insiders’ info. So here’s what’s I think happened. It had to be done on two accounts. Someone set the Ask Price (which is the selling price to 10 cents) and once that appears on the exchange, the Bidder (that’s the buyer) clicks on it and makes a purchase before anyone else could react. The ETH value plummets to a new low, and then the person bought in at the new price of 14 dollars and makes the profit when the price goes back up to 300 dollars. In simplified explanation: I sell you at 10 dollar when the price is 11 dollars, price dropped to 9 dollars because of ripple effect, I buy it back at 9 dollars and I made 1 dollar losing no shares. Cool eh? Experts estimate the person to have made 30 million from this trade. In other news, ICO (Initial Coin Offering) are the go-to coins for small investors hoping to turn a big profit. They are higher risks but also provide better margins IF they make it to the open market. I got an insider tip off a few days back and bought into Gilgam.es ICO yesterday. That’s my recommendation if you’re willing to taste a little risk. Not many people know about this so hop on it before the price goes up. You can head over to this website in the link below. It’s a bit of a hassle to purchase it right now with the ETH blockchain traffic jam and all. https://ico.gilgam.es/ico. "The country keeps investing in the latest technological innovations and truly has the potential to become fintech center of the world. The IRAS (Inland Revenue Authority of Singapore) is one of the first regulatory bodies in the world to determine how digital currencies should be taxed." Turn me sideways and call me suzy. Singapore's idea of being the Fintech centre of the world is in knowing how to tax their citizens?! Well effing done. It's this sort of money grubbing bullshit that spurs the invention of cryptocurrency. I understand the need to cash in on this, but seriously, Singapore. Keep it on the low. At least look like you're backing up innovation for the greater good. Let's see what we can find with a quick look on the internet.
Estonia Estonia well known as the birthplace of Skype, it now hosts a number of Bitcoin ATMs and Bitcoin startups. Estonia is well positioned to be a place where a cryptocurrency users can certainly feel welcome. Denmark The Danish Central Bank declared Bitcoin not a currency, stating that it will not regulate its use in the country. Denmark is home to a number of Bitcoin startups and exchanges. South Korea South Korea is quickly embracing Bitcoin both as an investment and means of exchange. Since there are no laws in the country regulating Bitcoin use, a number of related startups have sprung up as a result. People can also buy Bitcoins from 7-Eleven stores. Finland The Finnish Central Board of Taxes (CBT) regulator has classified Bitcoin as a financial service, exempting it and Bitcoin purchases from VAT. The country has a significant amount of Bitcoin ATMs given its sparse population. Australia While Australia’s major banks have been rather hostile towards Bitcoin, the country recently moved to remove double taxation* on Bitcoin, which came as good news to the local community and businesses; particularly after some Bitcoin startups chose to leave the country, in light of unfavorable taxation and reported bank account freezes. * Double taxation is a taxation principle referring to income taxes paid twice on the same source of earned income. It can occur when income is taxed at both the corporate level and personal level. Double taxation also occurs in international trade when the same income is taxed in two different countries. Singapore, The Fintech Giant While most nations around the world have little on the books for or against the use of Bitcoin and other cryptocurrencies – Singapore is one of the countries that has been at the forefront of the cryptocurrency regulations. The country keeps investing in the latest technological innovations and truly has the potential to become fintech center of the world. The IRAS (Inland Revenue Authority of Singapore) is one of the first regulatory bodies in the world to determine how digital currencies should be taxed. That is your pride and joy, Singapore? Calling yourself the center of fintech innovation by being the first to tax digital currency? Come, I clap for you. Have you freaking learned nothing? Crytocurrency was designed to by pass your money grubbing policies so that ideas and small business can flourish. I understand the need to dip you fingers into the money pot, but you really need to do it with a little more finesse. Fire your PR person. Hire me. 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. [20 JUN 2017] Cryptocurrency & Altcoins Update: Chinese Money Rules Litecoin and Antshares20/6/2017 This time last week I talked about putting your money into Litecoin. I know some of you personally have made money taking my advice. You’re welcome. But this is not the news I want to talk about today. Remember in last week’s video, I also mentioned that 10 billon went out of the market and that it had to go somewhere? I speculated that it was Chinese money and I predicted it would go to Litecoin, which I was spot on. And you have probably seen that AntsShare is on the quick rise to 9 dollars from 1.50 a week ago. If all these numbers doesn’t make any sense to you, let me put it in simple English. If you had put 10,000 in a week ago, you could cash out today for 60,000. Yes, the Crytocurrency market is that crazy. I decided to snoop around and guess what I found? Chinese founder. That’s where some of the 10billion dollars are going into I bet. Like I always say, it’s important read up on the founder and the story behind the coin. Don’t just invest blindly. But for those of you who had missed out, and thinking about going in now. I’m going to say just hold on a minute. I hear that there’ll be a round a dumping very shortly if it hasn’t already begun.
Like I was saying. I believe the Chinese are backing their own and we should see Litecoin and AntsShare giving Bitcoin and ETH a run for their money. Also, if big coins are not for you, and you’re a new investor with only a small amount of money to play, do consider coins like Waves, and Xaurum. You’ll thank me for it. Today's (15 June 2017) topic is about the market floating in a sea of red, Potcoin sending Dennis Rodman up to North Korea (which created a brief 85% spike for Potcoin), the release of Otto Warmbier, grave warnings about an impending ransomeware for Mac, and the possible Bitstamp/Litecoin partnership. It’s red, red, red everywhere. Every single one of em. If you have money stored away in Maidsafe like I told you so, you would be safe. It just moved a few cents down, no big shocker there. Maidsafe has been the safest place to park my money.
But on a lighter note, what does marijuana and Dennis Rodman have in common? Potcoin. Yay! Got to love potcoin for what they stand for. Potcoin sponsored the NBA badboy and movie star, Dennis Rodman for a trip up to North Korea and godknows what transpired there, and an America student was released from captivity. The not so good news is that the student came back in a coma. Also my reliable informants from the dark side of the net sent me a pre-strike warning hours ago about a randsomware similar to the Wannacry virus that affected thousands of Microsoft users and that it is a very real threat to apple users. Lastly, rumour has it that Bitstamp might be teaming up with Litecoin. What’s that in simple English? Well, imagine your favourite shopping portal now accepts Litecoin for purchases. Would that be cool? Yes it would. It would also mean Litecoin will gain a larger and more stable marketshare. That’s all the news I have for you this morning. As always, please show some love by subscribing to the channel, like this video, and share it with your friends. Everyone needs to hear this. Don’t get left behind. [14 Jun 2017] Cryptocurrency and Altcoin Updates: Watch Out for Waves. It's Going to Go Up14/6/2017 Today's (14 June 2017) topic is about picking up on a winning trend that you might not have seen. Waves. Get it now while the price is still low because I'm pretty sure it's going to rocket up when they release an updated version on the 20th of June. If you took my advice yesterday and bought Litecoin, good for you. The price went up from 27.80 to 32.00 and then down at bit at the time of this recording. I believe it's going to keep going up for a while. You're welcome.
Today I've another piece of news thats gonna be just as exciting as Litecoin. You probably have heard of Waves before. They were in the top 10 before but has since fallen to number 12. Based on the inside scoop I'm getting, Waves is set to make a comeback by next week. So now' a good time to go in. I bought in at 5 dollars plus this morning and it has gone up to 6 dollars plus. Why am I so sure it's going to go even higher? That's because the guy behind Waves, Sasha Ivanov, is a veteran in the field. He has been industry since the days of Bitcoin and had a hand in the development of NXT. NXT had its limitations and it's set of early problems as you'd come to expect with any new tech. Waves is the upgraded version and on the 20th of June, Waves will be releasing a new update which has already caused some chatter in the forums. So this is my recommendation. Buy Waves now while it's still low and then you can decide to hold or cash out next week when it's up. Personally, I think Waves has a huge potential to be a mainstay and I would recommend parking some money in there if you can afford it. Please hit subscribe button to receive daily updates, the Like button to let me know you enjoy my videos, and share it with everyone. The world needs to know about this. Don't get left behind. Today's (13 June 2017) topic is on the bloodbath in the cryptocurrency universe and what's the next big thing to look out for. Bitcoin and altcoins across board have taken another serious dive, the 4th day in a row as the Chinese sell-off sent prices plunging down this morning. 10 billion dollars is being withdrawn from the market and uncannily enough this ties in with what Charlie Lee said on twitter 2 days ago about leaving Coinbase to dedicate his time advancing Litecoin, unlocking it’s full potential.
BTC took a beating down from it’s high of 3,019 to 2,131 at the time of this recording. The market is generally pretty quiet now but what’s going to happen next? This is my speculation based on chatter from the various altcoin groups I’m in. The 10 billion dollars is going to go somewhere. We don’t know where for sure, but I’m guessing it’s going to be Litecoin. Litecoin is 28.72 now, but I think we are going to see are surge over the next few days. And in other news, if you’re looking for shelter from the bloodbath, try looking towards MaidSafe Coin. It’s been fairly stable overtime and that’s where I’ve parked my money. I bought it at a low of 40something cents and expect it to go up to 50 cents. It’s not a big jump, but it’s safe. |
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