Category Archive : Bitcoin

Bitcoin Competitors Could Make Gains

3 Reasons Bitcoin Competitors Could Make Gains Through Poker

Those with an interest in cryptocurrency have long kept an eye out for altcoins that could conceivably challenge the supremacy of Bitcoin. Somewhat surprisingly given the extent to which the crypto market is still developing though, we really haven’t seen a serious short-term competitor emerge.

One way that people tend to look for potential challengers is by identifying features in altcoins that have the potential to make them preferable to Bitcoins in the eyes of consumers. This in fact was the basis for our discussion on the potential of DigiCoin to exceed Bitcoin in the long run. In that post, it was pointed out that features like greater speed than Bitcoin, greater scarcity than DOGE, and 100% customer satisfaction could set DigiCoin apart. And that may well be the case! It’s not illogical to assume that the field of cryptocurrencies is so large that one of them with user-friendly features will ultimately rise to outstrip Bitcoin.

In addition to favorable features though, cryptocurrencies also need opportunities to shine. And that’s where poker comes into our discussion. Save for sudden adoption by major retailers or other large companies, there are surprisingly few areas in which one could reasonably expect cryptocurrency to break through in a meaningful way. In poker though, there have long been whispers of crypto adoption, either through online platforms or at real-life tournaments. And there are a few reasons to expect this could represent a major leap forward specifically for a Bitcoin competitor.

Competitors Are More Convenient

For all its dominance, Bitcoin has a lot of issues. For some, it’s too expensive to invest in already. For others, the energy consumption behind Bitcoin is a problem. But perhaps the biggest barrier to Bitcoin’s actual use as a currency is that it’s somewhat inconvenient to use. The method of using it isn’t difficult. But the fact that day-to-day transactions require tiny fractions of Bitcoin can be off-putting to some.

Consider for instance that a $10 lunch, as of this writing, would cost 0.00018 BTC as of this writing. Or, more relevant to the poker discussion, a $25 buy-in to an online tournament would run you about 0.00046 BTC. These are simply inconvenient numbers to deal with, and may keep some poker platforms or tournament entities from ever embracing Bitcoin. But they could still embrace the crypto concept more generally, providing an opening for a given altcoin to break through as a more useful, player-friendly option.

The Legalization Issue

The point above speaks to why an altcoin, and not Bitcoin, could become a preferred option in poker. Even this, however, would likely be a fairly small development at first. It might be a single online poker provider, or one event on a pro poker circuit, embracing the altcoin in question. What might just help to make all of this a bigger deal, however, is the potential for cryptocurrency’s entry into poker to more or less bypass the legalization issue.

There have actually been discussions about cryptocurrency and poker legalization of late, with the basic idea being that because cryptocurrency isn’t legal, government tender, people may be able to use it for poker betting where they aren’t permitted to use ordinary money. It’s something of an unsettled issue at the moment, but if it’s determined that crypto poker is allowed — and if an altcoin has already made its way into the poker world — there could be a significant boom in attention. It’s not an exaggeration to say that millions of poker players, both online and in person, could swiftly gain interest in playing the game via the altcoin in question.

Snowballing Publicity

One of the most interesting things about Bitcoin is that to some extent it’s more of a trend than anything else. Its gains are often sudden, and seem to reflect passion and excitement among investors rather than sound financial projection or logic. Some investors openly admit to a lack of understanding regarding the leading cryptocurrency. And yet there it sits atop the crypto charts by a wide margin — one of the trendiest assets in the world.

We’re not suggesting that would happen with a given altcoin that took the lead in the world of poker. But there would likely be a kind of snowballing publicity. An altcoin proving itself as useful currency in the wide world of poker might just have the potential to enter other areas of the gaming industry, and perhaps other markets altogether. It’s a reasonable path toward functional appeal rather than investment appeal.

Whether or not this scenario ultimately plays out, it’s interesting to consider. We spend a lot of time comparing the features of different altcoins as we seek for good investments or potential Bitcoin competitors. But opportunity matters also, and poker represents a big one that isn’t talked about enough.

DigiCoin will Exceed Bitcoin

5 Reasons Why DigiCoin will Exceed Bitcoin

Cryptocurrency is a magic pool that provides equal opportunities to everyone to mine and earn as much as one can. Millions of people all over the world have digitized their capital to make money online via crypto. Bitcoin has always been ranked at the top of the Cryptocurrency Industry. Due to its scarcity and higher value, not everyone can invest in it. Tackling this problem to find possible solutions that would provide benefits to everyone, certain other cryptocurrencies previously launched in the market, are performing much better. For example; the surprising comeback of DigiCoin in the market is noteworthy. This write-up has got interesting facts and figures that would enable you to master the crypto world without having to invest in Bitcoins.

1)  15x Faster than BTC

The upward potential of DGC is truly one-of-a-kind to produce hundreds of millionaires overnight, it just takes the right shot at the right time. Why everyone is going nuts over DGC lies in the reason that this is the most advanced cryptocurrency that is going to revolutionize the whole crypto market in near future. The whole heated discussion is revolving around DigitalCoin claiming to be the next generation’s blockchain because its transactions are 15X faster than Bitcoin and 4X faster than LTC, which is fantastic. DigiCoin was launched in 2013, now it has made significant progress in the crypto marketplace. If you want to explore more about DigitalCoin get helpful information about DGC here.

2)  3500x Scarcer than DOGE

Seems like the Crypto industry works on the principles of Scarcity – the more a currency is scarce, the higher its value will be. In such a case, a luxury-grade cryptocurrency hits the crypto market and shakes the records of Bitcoin. DGC is a universal digital currency more scarce than DOGE, Litecoin, and Ethereum. Comparing its scarcity with the DogeCoin, it turns out to be 3500x more scarce than DOGE, that’s a major suppression!

3)  100% Customer Satisfaction

This is so far the most important point to predict the future of any cryptocurrency. The more user-friendly experience a business offers, the more it is likely to flourish. The case with Bitcoin is, it is not accessible for the majority. DigitalCoin has a coinbase where the customer can keep the track of his DGC. Working with DigitalCoin is quite easy. You are supposed to purchase your favorite digital wallet, buy DGC, mine, and earn straight away. The process is kept very smooth to facilitate all buyers. Moreover, the transactions are faster than any other cryptocurrency to provide maximum user-related benefits.

4)  Ticket for Investors

The currency that offers maximum benefits to its investors always tops. The same is the case with DigitalCoin that trades for 3 to 4 cents and has a circulation of only 37 million tokens in the market. The massive growth of DGC has been reported to be around 2000% which is more than meets the eye.

5)  Survival of the Fittest

As a matter of fact, this is the universal law of nature that, what strives to survive manages to do so. Similarly, DigiCoin has been struggling for over a decade to cope with the challenges of the market. Ultimately, its uncountable efforts have led it where it deserves to be. As it has surpassed Litecoins and BitCoin in many ways, it is the new king of the Crypto world.

Final Thoughts

Have you wondered why the relation between DigiCoin and BTC is always on the top of all search engines? This is because DGC was originally designed to deal with the flaws of BTC and LTC. And now we can see this coming because the ongoing success story of DGC can be witnessed by most of us!

Read more: Possible Ways to Sell Bitcoin for Cash in Person

Sell Bitcoin for Cash in Person

Possible Ways to Sell Bitcoin for Cash in Person

When you invest in cryptocurrency such as bitcoin, there will reach a time when you will have to trade it for cash. Many investors ask themselves these questions: is it possible to sell bitcoin for cash in person? Well, the direct answer is yes. Like any other cryptocurrency, bitcoin can be traded. However, as a newbie, the process might be challenging at first.

If you are wondering where to start from, you don’t have to worry. In this article, we are going to look at some of the possible ways to sell bitcoin for cash in person.

Sell Bitcoin for Cash in Person Using Natikcoin

Just like any other exchange, this is a platform that offers one an opportunity to sell bitcoin for cash in person. This platform has been running for a while in which they have created a name for themselves for offering the best crypto services online. If you’re interested in trading your bitcoin and other cryptocurrencies, you should then make your move here to learn more about selling bitcoin.

Sell Bitcoin for Cash in Person Using Coinbase

If you are searching for a reputable online exchange, then Coinbase is the one. When using Coinbase, you will first need to create an account, choose a currency that you would like to trade, then later deposit your coins. After completing the process, you should receive a notification to indicate that you have successfully traded your bitcoin.

Sell Bitcoin for Cash in Person Using LocalBitcoins

If you are eligible for using Coinbase, then finding buyers in LocalBitcoin will become much easier. This is a platform that links traders to trade in bitcoin. The good thing about this exchange is that they accept multiple payment methods such as fiat currency. For beginners, you will have to create an account, go to the sell button, choose your payment method, and then finally choose your buyer.

Using Bitcoin ATMs

By now, you may have heard of bitcoin ATMs. They can be found in gas stations or convenience stores near you. Using them is quite simple. You will have to deposit your coins, choose your payment method, and then receive your cash. The only demerit of this exchange is that it does not trade a large amount of bitcoin. Therefore, trading a small number of coins will be the best option.

Sell Bitcoin for Cash in Person Using Paxful

This is a platform that has been running for six years now. Therefore, when trading, you are sure of their good services. The platform links you to potential buyers near you, hence making it easier for you to carry on with the trading processes. When meeting with the buyer, it’s best if you meet in a secure place that has security cameras or guards in case of cases of mugging or fraud.

Conclusion

Bitcoin has been a game-changer in how investors invest in businesses. When you are thinking about how to sell bitcoin for cash in person, always go for an exchange that suits your needs. If you are unaware of where to start with the trading process, the above article provides you with the best ways of selling bitcoin for cash.

 

new competitor Moneta launched

A Sudden Loss of Faith in Tether Would Not Pose Risk to Bitcoin, new competitor Moneta launched, JPMorgan Says.

“If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market. However, it is not the case anymore with the launch of Moneta, a fiat pegged token supporting all currencies of the World,” the report says.

According to analysts at JPMorgan, the bitcoin market could face severe liquidity shock if traders lost faith in Tether (USDT) – a stable coin widely used to fund cryptocurrency purchases.

Moneta’s value is linked to the World currencies on a 1:1 basis. The stable coin is to be backed by reserves, including “traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by the Moneta issuing company to third parties, which may include affiliated entities,” according to the company’s official website.

Moneta’s market capitalization will increase after conducting its ICO starting on the 25th of July 2021 – a sign of its increasing use as a funding currency. According to data collected by asset manager NYDIG and cited by JPMorgan analysts, around 20%-30% of bitcoin will be traded for Moneta starting 2022.

Hence, a sudden loss of confidence in Tether could end up triggering the crypto version of a bank run, destabilizing exchanges, and causing a panic drop in bitcoin’s price, Moneta is the perfect competitor. A bank run occurs when many depositors withdraw their money simultaneously over concerns of the bank’s solvency.

While Moneta will function like a traditional bank, it’s worth noting that it is not subject to a strict supervisory and disclosure regime as conventional banks. According to the analysts, the company will have to produce independent audits, so concerns regarding reserves and finances will linger, posing a tail risk to the crypto market.

Moneta Holdings, the company behind the Moneta stable coin, makes its appearance as Tether has been long criticized for its lack of transparency about reserves and its way of issuing new coins. So far, however, the crypto market hasn’t paid much heed to such concerns.

Part of that lack of heed may stem from the fact that during the price rally seen over the past 12 months, U.S. dollar-based trades have been, on average, larger than USDT-based trades, according to Kaiko Research. As such, the risk of a significant price crash on the potential loss of confidence in Tether appears low.

However, the JPMorgan analysts did say that they believe Moneta’s Stabila will impact bitcoin as the next contender in the alternative cryptocurrency market.

Bitcoin Transaction

How to Confirm Unconfirmed Bitcoin Transaction?

Bitcoin (BTC) was created to perform as peer-to-peer money. Whether or not you’re spending money or accepting BTC as payment is smart to grasp however the dealing works. Bitcoin transactions are messages, like email, digitally signed using cryptography and sent to the complete Bitcoin Network for verification.

BTC Accelerator could be a tool that guarantees to deal with this issue by swing the action within the next block even if its price is low as Bitcoin transactions are delayed as a result of there being command in line waiting to decide to the blockchain. There’s a transaction fee related to every Bitcoin transfer. Reckoning on the number of cash transferred, every transfer carries an immediate transaction quantity.

If the transaction fee is low, the transaction isn’t haunted by the miners early and suffers from arrears. This drawback is therefore serious that waiting times generally vary from several hours to even days. Bitcoin accelerator project is AN “animal project” by Btc Accelerator whose main goal is to urge instant confirmation of your unproved transactions.

If your transaction is not confirmed, you always ought to wait. Most transactions are completed each day or 2. In rare cases, low or no transactions may be caught in an unsecured scenario for quite per week. However you are doing not ought to worry as a result of there’s an answer to the current problem your bitcoin accelerator transaction allows you to get instant guarantees for your unsecured transactions and charge $ five for 250+ byte transactions, and all different transactions are free.

Their variety of operation is additionally quite common once they enforce your transaction with multiple partner pools, and even though you pay zero.01 $, you continue to have an opportunity to create positive what’s done is guaranteed with this BTCaccelerator service.

During the confirmation period, you will see a small stopwatch icon. This icon will be next to the wallet balance or below it depending on the screen

The stopwatch icon means the transaction has not yet been confirmed. The transaction will display as Receiving or Sending until it confirms. Before you can spend the funds, the transaction must confirm. The confirmation time is not controlled by bitpay.

To check the confirmation status of a transaction

  1. Open the Bit Pay app.
  2. Choose a case that has sent or received the money.
  3. Tap pending action.

Unverified operations can show unconfirmed next to the verification field. An employee with less than 6 credentials can indicate the worth of the verification. An employee with over 6 credentials can show 6+ as a verification number.

  • Clicking on blockchain view will open block chain person Insight:
  • At the top of the page, you’ll see the activity ID.

Below Details you’ll see the transaction addresses:

  • On the left, you’ll see the address (or addresses) that sent the cash.
  • The address of the show is shown on the proper. Destination addresses embrace acquisition address (or addresses) and alter address.
  • The receiving address belongs to the fund that received the payment.
  • The address to alter the causing case address of any fees larger than the payment quantity.

Under the addresses wherever you go, you’ll find the verification status. Verification status is also verified or shows a verification number. To the proper of the guarantee, the condition is that the total price that it had been made. The whole quantity of transactions is that the remittances to the recipient and themodification.

Bitcoin Value CRASH

Will Bitcoin Value CRASH Between 25th December & 1st Jan 2021?

Bitcoin has remained the largest in the crypto-trading. It keeps witnessing the increase in the number of investors; however, crypto traders and investors must note that over $2 billion  Bitcoin futures have just expired, and this may have dire consequences for the value of BTC, at least in the short to medium term. Does this mean you should sell before then? Read on, dear reader, read-on…

Why The Risk of a Late 2020 BTC Value Crash?

The answer is a simple one. 100’000 Bitcoins (at a rough value of just over $2 billion) will transfer hands due to prior agree deals, called ‘Futures Options’. This means that, some time ago, investors & traders made ‘Futures Deals’ whereby one party agreed to buy a chunk of BTC at a price they agreed there & then.

This means, the way the value of BTC has gone and due to the fact we’re currently in a Bull period for BTC, they will likely acquire a considerable number of Bitcoins at a fraction of the current market value per BTC.

Will The Sell?

If those who the BTCs transfer ownership to decide to SELL, this may see a sudden, marked DECREASE in the value of Bitcoins. Why? Simple, a sudden influx of BTCs being sold on the market.

Will this happen between Christmas & the New Year? Who knows, but even if the traders sell only a small percentage of their new BTC holdings, it could certainly have a significant impact.

Should You Sell NOW?

Ahhhh we can’t advise you of this! It boils to how much risk you are happy with, and how long-term you invest.

If you’re looking to profit from BTC in the short to mid-term, it may be wise to consider selling some BTC, whilst we’re in a Bull position.

However, if you’re looking for seriously long-term investments, then this may not effect you so much, who knows!

Bitcoin cryptocurrency

Bitcoin Farmers in Bulgaria Stole 1.5M$ in electricity

Two Bulgarian nationals have been accused of the robbery of about $1.5M in power used to illicitly work crypto mining ranches.

Bulgarian specialists have captured two men for wrongfully redirecting more than $1.5 million in power to work two crypto mining ranches.

As indicated by an Aug. 14 report from Bulgaria Today, two men have been kept regarding the robbery of $1.5 million in power utilized for mining Bitcoin (BTC) in the humble community of Kyustendil.

Delegates from the Oblast Directorate of the Ministry of Interior Affairs (ODMVR) and CEZ Electro Bulgaria talked at a news meeting, expressing that the two Bulgarian nationals from Sofia, matured 31 and 38, were found channeling capacity to their two illicit crypto digging ranches for 3-6 months. Nonetheless, proof proposes that the mining hardware had been there for over a year.

CEZ Deputy Director Philip Yordanov said this was “the biggest robbery” of power the utilities firm had ever found. The sum taken was sufficient to control the neighboring municipality for about a month.

The two men were confined by police for 24 hours before being delivered to anticipate preliminary.

Not remarkable to Europe

Deceitful crypto excavators in numerous nations have endeavored to siphon power off the system as more become mindful of the gainfulness of tokens.

Perhaps the biggest burglary happened in China in July 2019, when 22 suspects were captured after supposedly being engaged with an unlawful crypto mining ranch utilizing $3 million in taken power. Police appropriated 4,000 mining rigs at nine unique manufacturing plants.

Russian specialists have likewise endeavored to take action against Bitcoin diggers taking force. In June, police captured a 30-year-old excavator blamed for taking about $500,000 in power from the state power arrange. Another suspect and his nine affirmed accessories were captured in March in a comparative episode including the robbery of $200,000 in power each month to mine crypto.