Taking profit in Bitcoin means that you sell your altcoins for Bitcoin, and in contrast to using the sum to buy other altcoins for rebalancing purposes, you keep the value in Bitcoin. This is a necessary precaution to protect yourself from a possible correction or crash. As the past 2 years have clearly indicated, Bitcoin tends to decline in value less than altcoins, and as such taking profits in Bitcoin shields your portfolio from market crashes better than any altcoin can.
A ledger is a database technology used to record transaction histories and ownership; it is a definitive account of who has given what to who, and who owns what. Most ledger technologies are physical and they’re centralized -- they’re controlled by a central bank. This means that they are subject to the discretion and power of individuals, and are alterable and impermanent. This gives those ledger recording entities a tremendous amount of power over an individual’s financial transactions; it also means the ledger is vulnerable to manipulation.
For me, security tokens are too risky at the moment – take, for example, the SEC’s recent witch hunt, during which it subpoenaed 80 cryptocurrency companies. However, the tokenized model of securities has the potential to severely disrupt current fundraising and shareholding models. Once global regulatory bodies have created a clear regulatory framework to reduce their risk, investing in security tokens will become a highly attractive option.
In mid 2017, investors were all hot and bothered by Bitcoin. Many were looking for ways to get exposure through more traditional routes, like their brokerage account or retirement plan. One of the few ways to achieve this, was through the Grayscale Bitcoin Investment Trust. The trust was actually established in 2013, but there wasn't much talk about it until just last year.
Most ICO’s have a bonus system to reward early investors. The bonuses can range from between 10% – 100% depending on certain ICOs, where early investors will receive additional tokens for their contributions. Some ICO’s even have a presale stage (or pre-ICO) that allows the public to invest before the ICO dates. Usually, investments in the pre-ICO stage is higher than on the actual ICO period.
Cryptocurrencies really are one of the most volatile investments anyone can make. Yes, it’s possible to strike gold in cryptocurrency and we are sure you have heard of all these cryptocurrency millionaires. The reality is that it takes time for your portfolio to grow and these Bitcoin millionaires that you hear about got in exceptionally early and in some cases waited 8 years to see exciting returns.
Even the Dutch tulip bubble, which is classically regarded as one of the first instances of massive speculative market mania, saw increases only on the magnitude of 10–100X — not even remotely close to 100,000X+. And even the most successful of extremely risky angel investments in companies, such as Peter Thiel’s initial $500,000 seed investment in Facebook, see returns on the scale of 10,000X or so or less — Thiel’s $500,000 investment, had he held it all the way to the present day, would be worth $6.8 billion, or approximately a ~13,500X gain. More incredible than just about anything else, certainly, but still nowhere even near Bitcoin’s meteoric rise in price.
I am not your guru. I’m a crypto enthusiast, not a professional trader, and I make plenty of mistakes. There are a huge amount of ‘gurus’ and ‘experts’ out there but the truth is that many of them haven’t got a fucking clue what they are talking about. Opinions in cryptocurrency are like assholes, everybody’s got one. It’s extremely easy to predict the market and hell, everybody seems like an expert, when cryptocurrency is experiencing a bull run.
There are so many hoops to jump through to set up for mining and each coin has its quirks. The power of your machine and graphix card and your power consumption are all important. My friend mined for 8month Eth and only made couple of hundred bucks by time you subtract power useage etc. He already had a powerful machine used in film industry for video graphix just sitting around so he thought he’d put it to use over that time for a laugh and see what happened. It took many hours messing around to set up and occassionally nursing it over that period. Of course he had to use his machine also occassionally which compromised the performance.
He went on to say that Bitcoin and cryptocurrencies were “far from” an opportunity for institutional investors, especially that none of BlackRock’s clients wanted to invest in it. This comes after a statement by the company that it is “looking at blockchain technology for several years”, even as it declined to comment on cryptocurrencies specifically.
The ICON technology (ICX) is incredibly exciting because it aims to harbor the single largest decentralized global network. It aims to provide its users a certain degree of connectivity between countries and cultures around the world that’s currently just not possible or non-existent. This network gives way to businesses and individuals to communicate, transfer, deposit, and in many different ways cooperate with each other in a never seen before way. ICON shows extraordinary potential for the future, but it’s already boasting a large community made of reputable security institutions, banks, hospitals, insurances, universities and institutions in many other sectors. Crucially, ICON is NOT yet tradable in South Korea – when that changes I expect this coin to moon.
Are my investments safe with the dev team? The first rule of investing should always be the preservation of capital. Can you trust the dev team with your money? Are you about to leave your money with founders who have been involved in previous scams? If you see these telling signs, back off immediately. The coin’s price might grow for all you care, but it is just not worth it to put your capital at such risk.
Bitcoin v alt balancing: my BTC v altcoin positions are balanced relative to how Bitcoin market dominance is trending, you can see this chart on CoinMarketCap. If Bitcoin market dominance is at 50% but falling, then my Bitcoin position will be at less than 40%. If Bitcoin market dominance is 50% but rising then my Bitcoin position will be over 60%. The reason I keep it ahead of the trend but never 100% of one is that BTC v altcoin market cycles change, there are times when they trade inversely and other times where they rise and fall together and as such this gives a more even growth trajectory.
NEW YORK, Nov. 3, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust (OTCQX: GBTC) (the "Trust"), announced today an update on the planned distribution of the Bitcoin Cash currently held by the Trust to shareholders of record ("Record Date Shareholders") as of the close of business on November 6, 2017 (the "Record Date").
Cryptocurrency is a digital currency, encrypted and used as a medium of echange for financial transactions that uses strong cryptography, to secure transactions, control the creation of new units and to veryfy the transfer of the assets. The validity of each cryptocurrency's coins is provided by a blockchain, a list of records or blocks secured by cryptography.There are many crypto currency actually, we focused on Bitcoin, Ethereum and Litecoin.
These are cryptocurrencies bound to blockchains that allow for the creation of applications on them, such as Ethereum, NEO, Cardano, Lisk, VeChainThor, and many more. The underlying platforms of these coins create an actual need – and thus a demand – for the coins, as they are needed to make use of the applications and buy into ICOs. In my opinion, these coins are currently the safest and have the largest growth potential, as the blockchains they are built on have the capacity to become the foundation of the decentralized world.
NEW YORK, Oct. 25, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust (OTCQX:GBTC) (the "Trust"), announced today that it has requested withdrawal of its Registration Statement on Form S-1 (File No. 333-215627) that was initially filed on January 20, 2017 with the U.S. Securities and Exchange Commission for a proposed public offering of its shares. The Registration Statement has not been declared effective, and no securities have been sold in connection with the offering described in the Registration Statement. Withdrawal of the Registration Statement does not impact quotation of the Trust's shares on the OTCQX.
Despite the recent bumps in the road, bitcoin continues to grow and at an expediential rate, but with that comes some harsh setbacks. There are going to be those who want to take advantage of the momentary disorganization and try to steal or cheat the system. Because bitcoin is not a company but lives in cyberspace, that is just part of the reality of what it takes before we get to where we need to be.
One prerequisite of rebalancing is that the market should still be in an uptrend. When there are cracks appearing in the market after a big run up and media outlets are starting to spread FUD, it’s probably a good idea to start taking profits, which will be described in the following section. Use your predetermined portfolio balances for this. The above shown pie charts work very well, as they visually display your balance.
The emergence of Bitcoin has sparked a debate about its future and that of other cryptocurrencies. Despite Bitcoin’s recent issues, its success since its 2009 launch has inspired the creation of alternative cryptocurrencies such as Litecoin, Ripple and MintChip. A cryptocurrency that aspires to become part of the mainstream financial system would have to satisfy very divergent criteria. While that possibility looks remote, there is little doubt that Bitcoin’s success or failure in dealing with the challenges it faces may determine the fortunes of other cryptocurrencies in the years ahead.
No. 5: Regulatory approval for a crypto ETF is most likely imminent: There is an obvious need for a sector or a market-based exchange traded fund to help investors diversify risk. Several crypto companies, such as Gemini and Bitwise, have filed for crypto ETFs, but so far, regulators have not approved any. However, the U.S. Securities and Exchange Commission might be shifting its position. They agency is now more concerned about curbing fraud on platforms that propose ETFs rather than the ETFs themselves. We believe the SEC could soon approve a crypto ETF.