Bitcoin has made a bigger move that will make the cryptocurrency market scale up in a tremendous way and get to a greater price increase this month, predicted by industry experts
As of last month they was a crush in the market which caused a big loss for the short term marketers, the price of bitcoin raised by $1,700 in a space of one month now its at $5,600, this shows an end to the market crash which occurred back in 2017 that bitcoin tumbled to $20,000 in late 2017. These profit of 40 per cent mark very first time since October 2015 that its value has attained the so-called golden cross, whereby its 50-day moving average passed its 200-day moving average.
This turning point in the eyes of traders marks the End of bear market as they urge more investors to Buy bitcoin than selling them, this will prepare everyone for a skyrocket of the bigger bull market to come this year.
"The stars are aligning for a bitcoin bull run," Simon Peters, an analyst at online trading platform eToro, told The Independent.
“The recent short-term scaling average of bitcoin price has completely moved above the longer-term average, which is been known as a golden cross, so we are expecting more from investors who now believe that the new phase of the price and value of bitcoin is at the Edge”
After exceeding $5,000 this month, market analysts see $6,000 as the next incoming price point that will test the administration of the market.
If it does manage to continue past that price, Mr Peters predicts the value of bitcoin will carry on rising throughout 2019 to take it to around 60 to 70 per cent of its all-time high. This forecast would take bitcoin to around $14,000 – more than double its current price.
Other experts, however, believe bitcoin will see more short-term losses before any major rise in value.
"As bitcoin edges back up, that previous $6,000 support leve has now turned into resistance and is now firmly in the spotlight," George McDonaugh, CEO of digital asset investment firm KR1, told The Independent.
"A more back above here will bring the $10,000 level back in focus. I think breaking through it on its first attempt any time this month in unlikely. What is most likely to happen is that it will test $6,000, fail and head back down towards $4,000.
"I would expect the price to break through $6,000 on any second or third attempt and from there the aim would be to get back to $10,000." Email for sponsored post firstname.lastname@example.org
Crypto Market Ads offers a working platform and multiple marketing options Crypto Market Ads introduces a new marketplace that solves all advertising and marketing needs; focused on Crypto & Blockchain market niches. The typical difficulties and problems are eliminated in a flash, connecting publishers and advertisers in the industry on a platform designed to fit the needs. By participating free of charge, the market environment allows publishers to engage in fairly and successfully competing, allowing them to maintain competitive prices. It leads to the discovery of costs that are as low as affordable and attractive to advertisers.
The crypto advertising and marketing industry have expanded over the last two years. Compared to 2017, ICO & IEO’s advertising and marketing volume has quadrupled in just over a year in 2018. A similar pattern has been adopted by the amount of advertising and marketing budgets for projects in the field.
“Crypto Market Ads is a democratic and decentralized marketplace for crypto and blockchain advertising.” The founding core team.
In addition to establishing the best market solutions to advertise around the blockchain universe, they create an Internet of goods and services for vendors and global markets; Crypto Market Ads wants to change the manner in which vendors allocate products and services by creating a genuinely global P2P (peer-to-peer) ecosystem, in which vendors have confidence and in which goods and services are instantly available worldwide and all through a network of marketplaces. Crypto Market Ads also wants to offer interactive online tools, such as a decentralized visual marketplace builder with an intuitive and user-friendly interface. It is complemented by an initial coin offering platform (ICO) for the marketplaces to ensure the success of all stakeholders, involved parts and early adopters.
Is there any special offer for contributors?
The first 999 people to contribute at least 3+ ETH in Private Sale will have a lifetime 0% fees on the Crypto Market Ads marketplace along with a Founder badge.
Crypto Market Ads features, the three fundamentals of the platform If we consider the challenges of a recently consolidated industry, the market needs a trusted platform as a safe heaven and bridge. A standard that brings together bounty hunters, early adopters, and the most successful crypto space publishers. In this sense, the Crypto Market Ads marketplace can benefit users through its three strengths:
Promote or offer marketing services.
Provide consulting services.
Buy/Sell services related to existing or new crypto/blockchain projects.
Delivering consistent benefits, crypto space is generating opportunities for those who are immersed in the revolutionary entrepreneurship. The community and content creators require good profits to be able to continue performing their tasks without any worries. As a result, the value of content, websites, forum activity, videos, webinars, email campaigns, and many other related services are consolidated. Currently, there is no consolidated platform. Crypto Market Ads opens the doors to the actors of the sector to offer their advertising and marketing services. The mindset of the founders is to enable the advertisers find comfort in finding all service providers in one place at competitive and rational market prices.
In other words, the main objective is the generation of value for all parties. In this way, due to the traceability and transparency of the blockchain technology, the parties obtain a nexus of trust. Marketing teams can outsource almost all aspects of promotions to influencers, professionals, reward hunters and other related service providers in a transparent manner. They will also be able to negotiate with publishers and obtain customized offers according to their needs.
Participate in Crypto Market Ads PRIVATE SALE starting at 20/04/2019 and get 50% Discount (coin amount very limited)! (1 CMA = 0,005 USD)
Expectations for growth in the crypto advertising market in the short and midterm
Currently, the total market size is around $5 billion and is expected to grow in the following years. It is expected to exceed $54 billion by 2021. This positive and fast growth has created logistical and external problems; pitfalls such as the banning of crypto advertising by large companies in the world. Companies and publishers that take advantage by charging up to ten times more than other comparable niches is an excellent example. It also becomes difficult to find in renowned influencers and publishers, as the early growth without regulations has attracted scams and fraud in the past.
Based on the high demands of the crypto advertising and marketing industry, it requires a platform to exchange large volumes of advertising and marketing purchase orders. Crypto Market Ads proposes to solve these problems by offering a stable market that can bring advertisers and publishers together on an open and democratic market platform. Publishers and service providers will compete with each other through marketing tactics such as offering prices, demonstrable competitiveness, and instant communication. Versatility for market makers is one of Crypto Market Ads strongest points. Advertisers will be able to carry out their marketing campaigns and advertising campaigns quickly and reliably without requiring exorbitant budgets or contacting dozens of publishers.
This solution will help the whole specialized advertising space to become fully autonomous, instead of relying on large companies; companies that do not back this new paradigm change. The crypto market is large enough to evolve on its own without support from mainstream publishers. However, it will receive with open arms the experts who jump in and decide to be part of the most revolutionary global transformation in decades.
To participate in the project launch, you can contribute as a bounty hunter or purchase Crypto Market Ads coins. Ten billion units will be issued, of which 50% are available for Private sale and IEO; the non-acquired coins will be burned based on the parameters detailed in the official Crypto Market Ads documentation. Private-Sale begins on April 20 and anyone can participate except United States residents. The distribution of coins detailed in Crypto Market Ads Whitepaper shows the following proportions:
50% Private Sale & IEO (Crowd Sales) 10% Marketing, bounty, sales, referrals & advisors. 20% Exchanges & reserve. 10% Crypto Market Ads Founders (Lock up one year). 10% of Crypto Market Ads Team members (Lock up one year).
Below, we share the project’s official links and social media accounts. Keep up to date with the details coming up ahead of the IEO.
The privacy of digital data on the network is the salient feature to P2PS secure, interference-free communications system developed by P2P Solutions Foundation. The privacy of digital data on the global network finds a new competitor in the crypto universe. From the outset, the team of P2P Solutions Foundation points out a clear global problem; anything that is digitally exchanged with anyone, anywhere, is not protected by any privacy standard. Including information exchanged on corporate networks (private intranets). Right now the vast majority of Internet and Intranet activity is constantly monitored. At certain bottlenecks, the tracked information may be sensitive to the parties. In this way, new models are needed in which the activity is properly protected.
P2P Solutions Foundation presents a data management model that respects the privacy of all parties, including users seeking to store sensitive data or to exchange it with another entity or person. In most recent years, there have been several huge data breaches. In other words, giants such as Facebook or Coinbase have recognized problems in data management. Data that ends up in the hands of third parties without user’s knowledge. In some cases, they are intentional sales. Therefore, a reliable, committed and impartial infrastructure is needed.
The innovatively engineered ecosystem provides a secure platform whereby users can exchange confidential digital files or assets. This process is completed without any interference from third parties; not even a network or system administrator. So, P2PS is a peer-to-peer platform that protects data without compromising parties. Therefore, it facilitates confidentiality to users without advanced knowledge of cryptography. At the same time, it is not limited to one function. But it can also protect, for example, your medical records, banking information, and other sensitive digital assets, during the exchange between two parties. These platforms today are simply inexistent.
The foundations of the project are built on an Experienced group at the head.
This does not happen overnight, the ability to assert such solidity has its roots; an experienced group has focused on build a system for the people to exchange confidential and digital assets without third-party interference. Leading the project is Jameel A. Shariff (CEO and Board member); he is a third-generation entrepreneur and visionary, with advanced degrees from European and American educational institutions. Four years of U.S. Bachelor of Science in Business Administration (BSBM), and Master of Business Administration (MBA) in Business Administration, also from the U.S. Both BSBM and MBA were awarded to Jameel with the highest honor and distinction of “Summa Cum Laude”.
On the board we find an experienced team with Ian Scarffe as business ambassador; Ian is a renowned leading expert in the Bitcoin, Blockchain and Crypto industries, Top advisor #1 at ICObench. David Drake , founder and president of LDJCapital. Sydney Ifergan , an experienced Top Advisor #10 at ICObench as a member of the advisory board. Ken Tachibana, technical and Financial Specialist PLUS Advisor on the Advisory Board of P2P Solutions Foundation. These details are reasons of great weight, the team starts from a proven base, personalities with extensive careers, solvency, and commitment entrenched in the sector.
As a result, the P2P Solutions Foundation has received outstanding ratings from many of the leading crypto space review and evaluation sites. 5.0 in TrackICO, 4.9 in ICOBench and 4.31 in ICO Market Data. However, it is not only due to the solid team. The biggest concern of any CEO or CIO who runs a company with confidential digital transactions today is the high cost of data security. Today, cyber security breaches around the world have an enormous associated cost; it rises to hundreds of billions annually. Let’s get into the details of the platform.
Transaction confidentiality and stakeholder privacy as a global challenge.
The privacy of digital data is an approach with an upward trend; the concern at digital communities is proven. That’s why we consider the P2P Solutions Foundation perspective especially interesting. The fact of offering an ecosystem in which to safeguard information is needed for all kinds of people. Journalists who need to save their person or sources, governments with little infrastructure in cybersecurity and digital data management… the use cases run into thousands. Although diversity and healthy competition are necessary, this new competitor joins the existing choices of security but has positioned itself uniquely from the privacy angle.
With a solid pre-existing infrastructure, P2PS begins its journey in cryptospace. It’s the essence of operating digitally without a 3rd party or even an administrator; users get a platform where all interactions and transactions are completely safe, fast and confidential. One detail to consider is the alternative proposed to traditional centralized models. This includes a wide range of potential users ranging from lawyers to multinational companies in traditional industry sectors. Secure digitization has come from P2P Solutions. The corporative world includes billions of user accounts in a total sum of sensitive data collected.
This means an infinite number of attack vectors to privacy and confidentiality. For this reason, simple and consistent models are needed in a global economy. P2PS transfers the power of the most professional encryption to a simple user interface. Providing a fully operational platform from the first day. Once the management of confidential data is secured, the user must ensure that it is stored securely; another strength of P2PS. The platform doesn’t host a whole bunch of extravagant or unnecessary features, it’s about privacy and the responsible team prides itself in being extremely good at it. Recent cases of hacking and data breaches attest to the fundamental importance of a safe software and ecosystem. Both call for such characteristics and boost the estimated potential value of the P2PS token.
ICO and P2PS token details The P2PS token has been designed under the Ethereum network compatible standard. This significantly facilitates the token’s interoperability. It is also compatible with a huge range of developments based on the Ethereum network (like exchanges or dApps). After purchasing the P2PS tokens, the user in question can deposit them in a wallet compatible with standard ERC20 tokens. Including obviously the most adopted by the community such as MyEtherWallet, MetaMask, Mist, Parity, Imtoken, and so on.
The ICO event of the P2PS token takes place gradually until the hard cap is achieved. During the ICO process (already active) and its phases, the maximum collection (hard cap) is 136,000 Eth; or approximately $50 million at an average of $370 for each Ether. Considering the tokens that are given as a bonus to an average of 20% from the 50 million P2PS tokens. The Soft Cap is equivalent to $750000 (read the Pre-ICO & ICO FAQ section on the web).
Use cases guaranteed from the first moment with the great commitment of the sponsors.
As is well indicated in the documentation, the market study before the launch of the ICO suggests a positive framework. The diversified focus on three kinds of audiences generates synergies, fuelling the demand of tokens. The traditional audiences of the blockchain sector, traditional institutions seeking to digitize their systems with high technology and e-commerce places. P2PS must increase its value due to various traders, service providers and markets in countries around the world that adopt the P2PS ecosystem. Largely due to its multilingual interface, fast, easy to use & intuitive to user behavior. This means comfort, ease of use, safety, confidentiality… and many other useful features.
Many of the features mentioned are essential for the next wave of global adoption. The ISI Group Consortium is appreciated as a sponsor on the website and documentation. ISI Group is composed of multinational corporations involved in unique and innovative solutions. This is very useful for governments, education, banking, telecoms, IT, IoT and other industries. Digital file management requires first-rate infrastructure at all scales, seriousness and first level commitment. The funds raised during the token sale period (pre-ICO & ICO phases) will be used according to the described plan, which will also increase the value of P2PS.
Many people still think that Bitcoin is the only cryptocurrency out there. It would be nice and simple if that were the case, but it’s not. Pretty much everything about cryptos is fiddly, and there hundreds of new cryptocurrencies popping up every year. Just as stocks have different sectors (tech and pharmaceutical, for example), there is now a plethora of different crypto types & sectors, too, and this is just the start. Currently, these are the main cryptocurrency type and sectors:
It’s a bit of a funfair, isn’t it? Let’s briefly have a look at each type so you’re able to pigeonhole a token when you see one.
Currency This is an easy one. Currency is the original cryptocurrency genre and digital cash has for a long time been the goal of many developers. Bitcoin was the first and many have since followed, like Litecoin, Monero and Dash.
General-purpose platform This was the next natural development in the cryptocurrency world. In the early days of cryptos, the barrier to entry was quite high, so it wasn’t long before platforms emerged that helped developers launch their own tokens. Ethereum was the first to gain traction in this type. Think of these as being like WordPress. Just as WordPress is an engine that enables people to create websites, Ethereum, EOS, Waves, NEO and so on enable people to launch their own tokens.
Distributed storage Distributed storage is a Cloud storage killer. Dropbox and Google Drive had better pivot before they lose their market share. The term ‘Cloud storage’ is a bit misleading, because your data isn’t stored online but in a few data centres across a particular country or two. That’s fine as long as the data centres are secure, but let’s say a war breaks out and they’re destroyed. You can say goodbye to your cherished photographs and data.
This is where cryptocurrencies like Siacoin, come in. They are disrupting this industry by enabling users to upload their data to a blockchain, where it’s shredded into millions of tiny fragments and stored on computer hard drives all over the world. So your data is everywhere but nowhere, and no individual or group can piece it together. What’s even better is that it rewards those who contribute to the network, so you could leave your computer on overnight, for example, and the network will use up a tiny portion of your hard drive and you’ll earn tokens as a result.
Distributed computation This is similar to distributed storage except for computation power. Imagine a doctor or a researcher trying to solve a complex calculation. Until now, if they needed to number-crunch things, they had to go to a specialist university with a supercomputer, which is rather costly. Not any more: cryptocurrency like Golem disrupt this by harnessing the unused power of the public’s spare RAM (random access memory). So when you’re not using your computer you can hook it up to the network and the network will use a small portion of your computer’s RAM, again earning you tokens in the process. It’s a brilliant idea because now the public has access to power of a supercomputer for a fraction of the cost.
Shitcoins There’s not much to say here other than that at least 90 per cent of the cryptocurrencies out there are just plain stupid. They’re either copycats of successful cryptos, promoting a stupid cause or created by people in their bedroom for fun, like Titcoin and Wankcoin. Yes…Earth has reached a new low. Long story short, don’t waste your time with these shitcoins.
Privacy These cryptocurrencies were created with anonymity and privacy as their main feature and are coins like Monero and Zcash. With Monero, you can transact with complete privacy, with no traceability or linkability. It’s no surprise that the black market loves Monero.
There are also non-currency privacy cryptos, like Digital Note. This privacy-protected blockchain offers instant untraceable encrypted messaging. It’s a remarkable system and it’s surprising how low their market cap is right now. It’s definitely one to watch when the black market finds out about this cryptocurrency.
Prediction markets This is a fascinating new industry. There are a few companies out there that make a living by crunching data mined from Twitter, Facebook and other social media networks. By analysing patterns and linguistic trends about a particular topic/matter/event, they can accurately predict the outcome. For example, there’s a company in South Africa that accurately predicted Brexit, Trump and a few other outcomes. As a result, they have governments knocking on their doors all the time. Gnosis and Augur are the main prediction cryptocurrencies, although they are not like the company I just mentioned. At the moment, they are playing more of a ‘market maker’ role, so if you think a team will win a football game, you can buy ‘shares’ in that outcome and be rewarded in tokens if you win.
Identity Getting verified for things can be a bit of a chore, which is why this small sector is starting to emerge. Identity verification cryptos such as Civic aim to allow you to upload all your relevant information to the blockchain, so that whenever your identity needs verifying you can simply issue a code for any third party to access the information they need. This would speed up the whole verification process greatly as background checks wouldn’t then need to start from the ground up every time.
Advertising Advertising is a new type that will grow rather fast when cryptocurrency go mainstream, because attention is everything these days. Advertisers pay a lot of money for attention. BAT is a crypto aiming to capitalize on this by creating a token that can be exchanged between publishers, advertisers and users within their network. It’s not really an original concept, but watch this space…
Time-stamping This is a crucial aspect of business and accounting. I’ll say this throughout the book: blockchain represents a revolution of trust. What this means is that we no longer need to trust third parties, as everything and anything can be immutably recorded on a blockchain. Factom aims to do just this by providing the world’s first verifiable and immutable audit trail. It’s perfect for accounting, auditing, system processes, workforce attendance, financial markets, paying transactions and legal documents. Whoever hoovers up the market share in this type will become a huge business.
Payment platforms These are exactly what it says: payment platforms for cryptos, the cryptocurrency equivalents of PayPal, Worldpay, Stripe and so on. Players in this space at the moment are Metal, Tenx and Omisego. Metal already has a debit card, which you can load up with cryptos and use for daily transactions. Once cryptocurrencies go mainstream this type will explode, as people will need to be able to pay with and accept cryptos.
Exchanges Currently there are two types of crypto exchange, those that don’t accept Fiat currencies and those that do. The main players that accept Fiat are Coinbase, Kraken and Lykke and there are dozens of non-Fiat-accepting exchanges like Bittrex, Poloniex and Shapeshifter. The basic model for how a cryptocurrency exchange token grows in value is due to commissions. An exchange like Binance has a token called Binance Coin (BNB). When users use the exchange and Binance makes their tiny commission per transaction, it increases the tradable value of BNB.
This is a simple but by no means exhaustive list of the different sectors in this market. As tech and innovation grows, there will be more sectors sliding on to the dance floor but, for now, you’re fully briefed on the main ones.
There are millions of publishers competing with YouTube and Facebook for views. Since most can’t compete, they add the YouTube player on their site and hope for the best. The best is not much. YouTube and Facebook provide a pittance of revenue in exchange for those views and therefore publishers are dying like flies. Simply building a video sharing platform is not a solution because no matter how good the platform, who is going to bother to move off YouTube to watch a bit of content when they have a whole world of content on YouTube. Do any kids under 18 watch anything other than YouTube? Only their favorites like Walking Dead and Game of Thrones if they can’t torrent it.
What is a publisher to do in a face off against these monopolies? Reward users to watch content they already like on the publisher site. Once a publisher can control its own content and views, its revenues and engagement increase 4x. (IAB stats) Salvation for publishers is via rewarded content. But the problem with rewarded content today is that rewards are all over the place and not in one place. Some publishers reward in newspapers, others for contests, points and digital tokens. Viewers rarely know what publishers are rewarding and where.
How did we solve this problem? Verasity provides the tools for publishers to take on YouTube and Facebook. The VeraWallet is built into the video player (go to: verawallet.tv) and can provide any kind or rewards as long as the default reward is VRA. Viewers can then find all their loyalty programs, points, redemptions in one place in their video player which they open every day to watch videos.
Is this solution unique? It is patent pending and unique and as far as we know there are no platforms providing a similar technology and solution.
How does this help VRA? Publishers buy VRA at market price to reward users to watch content, subscribe at a discount, and drive any number of actions. The purchase of VRA by publishers drives the economy and increases the pool of VRA users.
Payment, loyalty and rewards enable transactions between publishers, content owners, brands, advertisers and viewers. They interact directly with one another and all transactions are powered by VRA so there is no need for intermediaries such as YouTube or Facebook.
How does it work?
Viewers watch videos and ads on a website using Verasity technology and are rewarded with VRA. They are also rewarded more VRA for referring more users.
Publishers buy VRA to reward users and build valuable audiences which they monetize through ads, ecommerce or subscriptions.
To reach and engage potential customers viewing videos, advertisers buy VRA to reward viewers watching their ads. This releases the true value of each view.
Users can stake their VRA and receive daily rewards for doing so. The VRA Staking program incentivizes the economy to hold VRA. For full information about VRA staking, read our post here.
Verasity targets a wide range of publishers and users who will be implementing an easy conversion method to allow users to buy and exchange their VRA.
How does Verasity disseminate its Video Player technology to millions of publishers? When you watch your favorite content on a website, it is likely that it will be powered by one of the 10 video player platforms that dominate video streaming. These include Vimeo, JW Player, Brightcove, Video.js, Kaltura and others. Most of these platforms are business to business and therefore you may not have heard of them, but the largest broadcasters in the world like Discovery, Eurosport, Fox, Sky, BBC, Viacom, Lamborghini (yes, the Lambo site) utilize third party video platforms to power the video streaming of the content you love to watch.
By Verasity integrating its technology module into all these video player platforms, Verasity rewarded video will be ubiquitous and available to every publisher which means potentially billions of viewers can be rewarded in VRA.
A key goal for Verasity in 2019 is getting video publishers onboard. To facilitate this, we are developing integrations with many industry-leading tools like Vimeo, JW Player, Brightcove and others to allow publishers to quickly and easily start using Verasity technology and therefore increase demand for VRA. By not interrupting the current work flow of publishers, we have made it simple for any publisher to provide its viewers with VRA rewarded video. Our unique player technology is already available to 280,000 video publishers with 240 million users and 50 billion monthly views.
Branding The Verasity video player ,VeraWallet and future Verasity products will be branded ‘Powered by Verasity’ so that viewers will see that the technology is Verasity. Further by rewarding viewers with VRA and providing referrals, VRA and Verasity as a name will be disseminated throughout the online video world. VRA will be synonymous with rewarded video!
About Verasity Verasity .io is a leading video player providing unique Rewarded Video Player Technology to major video publishers across the globe.
The patent-pending Video Player enables VRA rewards, monetization and loyalty schemes within the video player wallet. Our unique player technology is already available to 280,000 video publishers with 240 million users and 50 billion monthly views. This brings engagement, audiences, and revenues back to video publisher sites from YouTube. Our attention-based model creates a thriving VRA token economy between viewers, video publishers and advertisers.
This article focuses on earning Bitcoin through alternative means besides just investing and hoping that the price goes up. Obviously that has worked before, and may work again, but it never hurts to find a few other ways to get your wallet moving. What I want to write about now is the affiliate programs, or the referral programs offered by most major exchanges. These range from simple one-time commissions to monthly commissions to commissions each time your referral makes a purchase on said exchange. Almost all exchanges have one, and they are often underused.
I made nearly a full-time income on Bitcoin referral programs between 2017 and 2018 using the exact strategy I am writing about.
The strategy is simply helping people. That’s it. Just helping people that are new to the world of crypto figure it out and get started. It involves creating videos, so if that isn’t your thing it may not work for you, but it works incredibly well.
Step 1 - Figure out what they are looking for If you are familiar with SEO, this is also known as keyword research. Essentially we are going to figure out what people that are new to the crypto world are searching YouTube for each day. You can use free tools like keywordtool.io or paid tools like Ahrefs to do this. Both tools are easy and work well, though obviously paid tools will usually have more data.
You’ll find people searching for hundreds of things ranging from a simple “how to buy Bitcoin,” which is how I made most of my money in 2017, to “what is crypto”, to “best cryptos to buy”. In fact, you’ll find hundreds of more things people are searching for.
Step 2 - Help them Yep, it’s that easy. Just answer their questions! Don’t waste time with a bunch of fluff or selling, just answer their question in well-explained, short-as-possible, video.
You will find that for most questions, an exchange is almost always brought up. For example when I teach how to buy Ripple for beginners, I teach them to get a Coinbase account and then a Binance account. Both of these exchanges have referral programs. I don’t have to push the sell, I just have to explain how I bought my Ripple, and then point them to my links in the description.
I talk a lot about this method in my article on how to get started as an affiliate. There are some huge advantages to promoting affiliate programs through search engines like Google and YouTube. The primary one is that one YouTube video can make money every day for years. Contrast that with advertising or social media where you constantly have to feed the beast.
*Please note you are required to divulge somewhere that you have a relationship with the exchanges.
Step 3 - SEO Now I can’t explain all the facets of SEO but I’ll break it down into two easy concepts and point you in the right directions. For those that don’t know, SEO is simply what we do to make the video rank for certain search terms after it has been created.
SEO is all about two things. The first is making sure that YouTube understands exactly what your video is about, or what you want to rank for. This is done through all kinds of things. Your title, description, tags, the words you say, the playlist the video is in, etc. If you use the words you want to rank for liberally throughout these, then YouTube knows what your video is about.
The next part is helping YouTube see why your video should show up as opposed to someone else’s video that has done a similarly good job with their on-page SEO. YouTube will choose the video based on things that demonstrate people like it. Is it shared on different social media pages? Do the people that watch it watch most of it, or do they leave after 30 seconds? Do they click thumbs up or thumbs down? All of these things help Youtube understand which of all the videos that COULD rank for a search term SHOULD rank for that term.
Backlink .io has the best guide I’ve seen on making your videos actually show up when people search for phrases you want to rank for.
People often tell me things like, “It can’t be that easy” and “Sounds too good to be true.”
These phrases are what keep people from achieving extraordinary results in life. If you have even a basic knowledge of crypto you are far ahead of most of the world that knows nothing. You now have an opportunity to teach and help others while simultaneously making profits.
Author Bio Spencer is a full-time affiliate marketer and founder of Buildapreneur.com. He loves affiliate marketing because he can teach people everything he knows for free, and make his profits other ways. He is the top affiliate for multiple software companies and sells one of the most well-known courses on affiliate marketing.
A centralized crypto isn’t necessarily a bad thing and a decentralized crypto isn’t necessarily good. Decentralization brings its own problems. Because Bitcoin and other cryptos are decentralized, there is no leader or head honcho calling the shots, which leaves them open to disagreements and attacks. There’s a constant Bitcoin civil war going on behind the scenes, which in my opinion will ultimately lead to the death of Bitcoin. Blockchain is a software-based technology, which means that every now and then it needs upgrading. Some changes are insignificant, like a trivial update that all the miners agree to, referred to as a ‘soft fork’. It’s a bit like implementing tiny new rules within the existing box of old rules.
Adding a few new rules to the box of old rules – a ‘soft fork’
Occasionally, though, the community gets into a heated debate over the direction of the blockchain. Some may want radical upgrades to ensure that it remains relevant in the world, and some may want to maintain the status quo. This is where a decentralized system falls down, especially in an environment like Bitcoin where so many passionate people are involved.
If 51 per cent of the miners agree to implement a new improvement or adjustment to the blockchain and 49 per cent oppose it, it’s called a ‘hard fork’. When a 51 per cent attack happens and the community is split on the direction of the blockchain, you get a ‘chain split’.
A chain split
It’s akin to having a whole new box of rules that incorporates just some of the old rules.
New rules incorporating a few of the old rules – a ‘hard fork’
The Ethereum »hard fork« A classic example of this is the Ethereum and Decentralized Autonomous Organization (DAO) debacle. The DAO was an organization with the objective of providing a decentralized business model for organizing businesses using Smart Contracts. What made it interesting was that it had no management team and was totally open source. The visionaries behind it at the time imagined that it could pave the way to a country with no government, where the people themselves were the government.
The DAO did a successful fund raise and collected just over $150 million from 11,000 investors. All was looking good until a hacker stole $55 million worth of Ether. Despite numerous anti-hacking attempts to retrieve it, no one has been caught. Vitalik Buterin, the founder of Ethereum, and other big movers in that crypto, elected to implement a hard fork in order to patch over any gaps to prevent further hacks. That chain split resulted in two currencies emerging where before there had only been one: Ether Classic (ETC) and the new Ether (ETH).
The Bitcoin Cash Fork Although the Ethereum fork was controversial, most people agreed with it. The Bitcoin cash fork, however, is a different story. This hard fork caused physical fights to break out among developers and miners. Essentially, this is a crypto civil war between the West, which favours the original Bitcoin (BTC), and the East (mainly China), which supports Bitcoin Cash (BCH).
The ongoing Bitcoin argument is simple. Bitcoin is great (both parties at least agree on this), but it’s woefully inadequate for scaling. Put it this way: Bitcoin can do a maximum of only seven transactions per second. This pales in comparison to VISA, which regularly processes over 24,000 transactions per second. Most people would agree that, for it to properly replace existing financial infrastructure like VISA, a crypto needs to have at least the same capacity.
The bottleneck with this scaling issue is down to block size. Miners mine one block every ten minutes, and there are 1,800–4,200 transactions in each block. BTC has a 1-megabyte block size and a large part of the community wanted to upgrade it to 8 megabytes per block, making it eight times more scalable and giving it a better chance of becoming the crypto of global transactions.
Eventually, Bitcoin Cash supporters won and, on 1 August 2017, Bitcoin experienced its first hard fork. The cool thing for BTC investors was that, if you owned BTC during the fork, you were instantly credited with an identical amount of BCH. This was literally history in the making and no one knew for sure what would happen, so I dramatically reduced my BTC holdings to 1 BTC during the fork. After the fork, I had 1 BCH – which plummeted from its inception price of $550 to $230 within a few days. Nevertheless, this whole drama had set a precedent, and what the general market took away from it was that Bitcoin could be forked and you would be automatically gifted ‘free currency’!
Can you guess what then happened? Groups across the world saw this gravy train and attempted to drum up support for more forks under the banner of improvement, when everyone knew they were nothing more than ‘pump and dump’ schemes.
The first contentious hard fork which many in the community deemed as fishy was Bitcoin Gold. The developers who pushed BTG through knew that they could create this new version of BTG out of thin air and make instant profit. For example, if you held 10 BTC, the moment BTG went live, you would also receive 10 BTG for free. When BTG launched, it was priced at $384, so you would instantly be $3840 in profit. However, because the general crypto community believed it was a ‘money-grab’, the price of BTG fell continuously. By early 2018 it had fallen to $73 and is likely to continue falling as it has no real-world value or utility. So people will continue to sell it.
There was a failed hard fork called the Segwit2x fork and, right now, I’m hearing plans for Bitcoin Diamond, Bitcoin Silver, Bitcoin Plus and so on. They may as well just be called Bitcoin Printing and Bitcoin Press, because that’s all they are. The community have found a legal way to effectively create new currency out of thin air and then sell it straight away for BTC or USD.
Bitcoin may be the very first crypto, the one that carved its way into the history books, but I don’t think it’s THE ONE. The Bitcoin brand has taken a dent with these forks, and even if they do figure out the scaling difficulty, it has way too many problems.
The big issue for me is that Bitcoin is one of the most wasteful things on the planet. Even though Bitcoin is virtual and is nowhere and everywhere, it has very serious consequences to the planet in the form of energy consumption. Right now, processing every single BTC transaction consumes the same amount of electricity as the average US household uses in a week. It uses more energy per year than the whole of Nigeria! A little piece of my soul dies every time I press send and ping some Bitcoin around the net. Ultimately, this is all unsustainable, unless solar technology rapidly advances or the Bitcoin network changes.
Just as in the tech bubble we had powerhouses like Altavista, Netscape and AOL, which subsequently popped and disappeared after the bubble, Bitcoin may do the same when this bubble eventually implodes. The Facebook, Amazon and Google of the crypto world have not been born yet but it won’t be long before they do emerge.
For a true crypto to rule supreme, it needs to be infinitely scalable and Earth-friendly.
Since I’ve been rather scathing of Bitcoin in this post, in the interests of balance I’d like to state that I’m not a hater. As much as I am loath to admit it, I’m a fence-sitter. I personally don’t own any Bitcoin now as it’s getting to look close to falling (temporarily), and although everyone is raving about how it went up 1,000 per cent in 12 months (November 2016 to November 2017), it’s pretty average in terms of performance compared with many other cryptos.
There’s also a part of me that thinks that a forked version isn’t the answer and that we already have the best version – BTC. I think it’s silly to try and scale up this product to compete with the likes of VISA. BTC should be like digital gold. Gold in the real world is finite, clunky, tricky to store and very illiquid. BTC can easily be all of these things. In fact, it already is: it’s simply the global reserve crypto currency, just like the US dollar.
Another thing that nearly everyone forgets when touting all these fancy new coins is that no coin or token can become the crypto number one until all the dozens of main exchanges unanimously agree that another coin becomes the ‘quote currency’. You see, in currency trading, you can never trade just one currency. You have to trade it against something else. For example, you may want to buy the dollar because you think it’s going up, but up against what? It may be going up again the pound but falling against the euro.
It’s exactly the same with cryptos, except that, unlike in the foreign exchange markets where you have multiple quote currencies, in cryptos BTC is pretty much the only quote currency. You can buy a few coins with Ether but the selection is limited. To do anything, historically, you needed BTC. If you wanted to buy some altcoins, you couldn’t just buy them with pounds Sterling or other fiat currencies (that is, mainstream currencies backed by a government); you had to convert them into BTC, then go shopping with your BTC, and, finally, when you wanted to realize some of your profits from the altcoins, you’d then have to convert them back to BTC, before converting back to fiat. Until all the exchanges agree that a new crypto is the new quote currency, BTC will continue to reign supreme. However, it’s highly likely that from 2018 onwards, there will be dozens of exchanges popping up where you can buy pretty much any crypto straight from a fiat currency. In an ideal world it would be handy to see Binance, the world’s biggest exchange, allow you to convert fiat currencies into cryptos and back.
To make matters more complicated, for commercial reasons all exchanges would need to agree on a new quote currency at the same time. Crypto exchanges make their money from the small transaction fees they take on every transaction. Volume is everything for them. If one exchange made their main quote currency something other than BTC and the other exchanges didn’t follow suit, people would stop using that exchange and kill their cash flow.
At the same time, the exchanges are benefiting from this whole pantomime/war between BTC and BCH as it’s causing millions of people to flip-flop between them and generating huge commissions for the exchanges in the process.
It’s not as if the idea of digital money is new or novel. The idea of trust-less transaction methods has been around as long as money has been invented. Unfortunately, the largest problem that needed solving was known as "double-spending." If a digital currency is trusted, there need to be assurances a person can’t spend their money in more than one place at a time. It was this challenge that has prevented digital currency from being adopted - until Bitcoin was invented.
How Do Cryptocurrencies Stay Accurate?All cryptocurrencies use some type of consensus mechanism in order to maintain an accurate ledger that describes where all of their coins are. The first consensus mechanism used (by Bitcoin) was Proof of Work. Since then, new cryptocurrencies have used other algorithms - many are Proof of Work, some are Proof of Stake, and some are entirely new, like Proof of Authority.
Regardless of the specific consensus mechanism used, all cryptocurrencies rely on some type of algorithm that is distributed amongst users across the globe. By distributing their ledgers across many machines and many users rather than one central authority, cryptocurrencies are decentralized.
How Bitcoin stays Secure (using Proof of Work)PoW is used to verify transactions within the protocol. The amount of electricity, time, and hardware invested in building the blockchain makes it incredibly costly to launch attacks on the information stored within it. If someone had enough computing power to disrupt Bitcoin - which no one does - it would be more profitable to simply start mining it instead.
Source: Binance Academy YouTube Channel
From Monetization of Trust to Trust-less TransactionsThe blockchain is a technology that automates trust-less transactions. Let’s break it down even further to help you understand how blockchain works.
Without trust, individuals will not engage in transactions because of the fear of theft or loss. If you wanted to send money to your friend, would you give your money to someone you don’t know and hope he’ll pass the money to your friend?
Credit cards are an example of a digital transaction system that monetizes trust.
Credit card users believe the credit card companies will not steal their money.
Businesses trust in the credit card companies ability to transfer funds from the customer to their account.
In exchange for this trust, the business is charged a transaction fee on every item sold. Inversely, the credit card companies charge interest to users who do not pay their bills on time. A 3rd party entity - the credit card company - is the trusted intermediary that facilitates digital transactions.
Blockchain technology enables digital value transactions without requiring a 3rd party for trust. The trust is automated within the technology, taking the place of a credit card company and reducing friction for all users involved. Imagine you could purchase or sell a good or service without being beholden to a credit card company or a bank - that is one big advantage of blockchain technology.
The question of how a crypto has value is a tricky one and there’s no single, correct answer, just many converging theories that apply to cryptos. In a nutshell, there are four main reasons:
Market perception What gives anything value? Speak to an economist and they’ll bombard you with a number of different variables, but it all comes down to what someone else is prepared to pay for it.
I experience this every day in my private equity company. I like investing in, and buying, other businesses, and so I have a lot of meetings with business owners. I constantly encounter ‘entrepreneur delusion’, where business owners who have set up, run and grown their business from scratch overvalue the business they’ve built as a result. Just as every parent believes their baby is the cutest on the planet, the same goes for business owners. I’ve seen some preposterous valuations, all because the owner can’t separate the effort they’ve put into building it from its actual value.
The main form of value comes from the marketplace or, in other words, what other people deem a fair price. This is one reason why many crypto scams out there fail at the first ‘value hurdle’. For example, there is a prominent scam coin called OneCoin. Over 2 million people have been lured into investing in it, but it has no market. The coins’ selling price represents nothing more than the price the scheme’s owners have set for it. The coin itself is worthless. If it ever did go on to the open market, the price would plummet by 99 per cent on the first day. This is an example of a Ponzi scheme and it will inevitably fail.
Scarcity Scarcity is another way things derive value. Gold is a classic example of this. Why does gold have any value? There are many reasons, which we will discuss later, but scarcity is a big one; gold is extremely hard to find and mine. Throughout the ages, the amount of gold mined roughly correlates with human population growth at 2 per cent per year. It’s because we find it special, and it’s so rare, that it has value.
Scarcity is one of the main factors cryptos use to gain value. Most cryptos launch with a limit on the number of coins that will ever exist, so scarcity is built in. For example, in Bitcoin’s case, there will only ever be 21 million Bitcoins in existence. And Bitcoin’s algorithm is designed to increase its mining difficulty every time a new coin is mined. The very last Bitcoin will be mined in 2140!
Capital in-/outflows One of the basic rules of the markets is that if capital flows into a specific asset, with all things being equal, the price will soak it up and rise. On the flip side, if capital flees an asset, prices tumble.
We’ve all seen and felt this first hand since 2008. From 2008 to 2012 the USA more than quadrupled its currency supply, and it didn’t stop there. What happened to that extra capital? Despite the objective for that newly created currency being to get it to the general public in order to spark economic growth, it didn’t. It never does. What happened was that it was absorbed and funnelled into the equity markets (stocks) and spilled over into the property market. As you can guess, prices for pretty much everything in those two sectors rose dramatically. Of course stocks have gone up. Trillions of dollars are sloshing around, pumping it up.
The main reason cryptos have increased so much in price since 2017 is that a monumental amount of capital has been flowing in, ballooning prices. It’s a big wave of capital pushing everything up – even the scammy coins with no real-world utility.
Put it this way. At the beginning of 2017 the total crypto market cap was just $17.7 billion and $15.5 billion of that was in Bitcoin. The price of one Bitcoin was $963. Fast-forward just nine months and the total crypto market cap has ballooned to $190 billion, with $115 billion in Bitcoin. The price of one Bitcoin now stands at $3400! That’s the power of capital inflows.
I’ll bet my entire net worth that the price will continue to grow. I’m expecting the crypto market cap to sail far beyond $1 quadrillion within ten years. Just imagine what the prices for all cryptos will be by then.
Speculation This leads nicely to the topic of speculation. As you can imagine, FOMO (fear of missing out) brings out the worst in amateur investors. They see statements like ‘Cryptos are going to grow 10, 100, 1,000 times’ and they bet the farm.
Speculation like this fuels volatile price fluctuations, so much so that in many cases the price of a crypto will rally, as ‘the market’ (that’s us) gets so enthusiastic about a particular crypto’s potential that the price rises in anticipation of what it’s going to do over the next few years. What then happens is nothing, or even a steady and sustained decline, as amateur investors get impatient and lose faith.
Summary These, then, are the four basic reasons why cryptos have value.
I’m expecting cryptos and blockchain tech to assimilate and infiltrate every aspect of life and the world in the future, but I’m well aware that this is not going to be a smooth ascent. We will see many bubbles, and many bubbles popping. Over time, though, it will increase and become embedded in society. I mean, can you remember what the world was like without the Internet? I can’t. I barely remember what I did with all my idle time as a teenager before Facebook popped up!
Do not risk more than you can afford to lose.
I’m going to say this again because this market will be full of continuous booms and busts:
Do not risk more than you can afford to lose.
If you lose it all, you want to be able to say, ‘Oh well, that was fun!’ The golden rule is to use only risk capital.
Many aspects of Bitcoin echo the core characteristics of gold. Gold is scarce, hard to mine and a great store of value. Bitcoin emulates these traits as best it can. It’s scarce, as only 21 million Bitcoins will ever exist, it’s hard to mine, and it has quickly become a great store of digital value in this ever-progressing digital world.
Mining can be a weird concept to get your head around but, before ploughing into it, we’re going to go into a bit of background using the Bitcoin network as an example.
Blocks Every time a transaction is made, the details of that transaction get stored in a block. Every ten minutes we have a new block filled with all the transactions made during that ten-minute period. Imagine holding a bucket under an ice dispenser for ten minutes and every ice cube dispensed being a transaction. At the end of that ten-minute window, the bucket would be sealed and replaced with a new bucket. Each bucket (or block) is then added to the chain of buckets before it, thereby creating a blockchain.
Now imagine that this blockchain is simply a spreadsheet that details a big list of blocks: open source, decentralized, transparent and immutable. That’s the basics of blocks and a blockchain. Currently, Bitcoin blocks are 1 megabyte in size and contain an average of 2,000 transactions.
Rewarding the bitcoin miners This is where the miners come in. They act as auditors. They go through every single transaction and verify it. But in order to motivate people to verify and keep the blockchain audited and functioning, you have to reward them. The way this works is that every block has a password and whoever comes up with the closest guess within a ten-minute timeframe wins the block and gets rewarded.
The creator(s) of Bitcoin wanted to make it a scarce and a deflationary asset like gold, so they programmed the Bitcoin algorithm to decrease the reward paid out for each mined block over time. At the start, the reward was 50 Bitcoins per block, but it halves every four years. As of November 2017 the reward is 12.5 Bitcoins. The algorithm will get harder and harder, with ever-decreasing rewards until the last Bitcoin is mined in the year 2140.
This is a bit like me writing down a number between 1 and 1,000, putting it in an envelope with 12.5 BTC (Bitcoins), then giving a group of friends ten minutes to guess the number. They can have as many guesses as they like and, at the end of the ten minutes, whoever guesses it first, or gets closest, wins. The guess has to be either equal to or lower than the actual number to count. In the event of a draw, whoever made the most guesses and put the most work in wins the reward. It’s called a ‘proof of work’ system and it’s extremely energy-intensive.
Back in the real world, miners have to guess a 64-digit hexadecimal password – in other words, a password that includes numbers and digits and looks something like this: 0000000000000000032frc108cf6130q99i27c5702303e1w169tt50m7pl3338eb. As you can imagine, it takes a lot of computing power to guess something like this and, as time goes by, it’s becoming increasingly difficult to be a profitable miner unless you have an expensive, fully dedicated mining rig. A mining rig is basically a large number of specially designed single-purpose GPUs that just crunch numbers in order to guess as many combinations as possible. The biggest cost is electricity. It burns through it and the rig produces a lot of heat, so you need to spend more on cooling equipment to prevent it from burning itself out. That’s why so many of the world’s biggest mining operations are either done in cold countries like Iceland or in areas where electricity is cheap, either through government subsidies or hooked into renewable energy plants like dams and wind turbines. Gone are the days where you could mine a few hundred Bitcoin from your laptop.