Nocoiners (usually Socialists, Lawyers or MBA Economists ) are people who missed their opportunity to buy Bitcoin at a low price because they thought it was a scam, and who is now bitter at having missed out.
The Nocoiner takes out his or her bitterness on Bitcoin Hodlers, by constantly claiming that Bitcoin will crash, is a scam, is a bubble, or other types of easily refuted FUD.
Nocoiners have little to no computer skills or imagination; even when they see the price of Bitcoin go up and its adoption spread they consider all Bitcoin users to be in a collective delusion, with only themselves as the ones who can see what is happening.
This attitude comes from being steeped in the elitist priest cultures found at Harvard, Yale and Columbia, where anyone who is not part of their clique is treated with suspicion by default.
The worst Nocoiners are tenured academics and goldbugs. Nocoiners believe that the world owes them everything they want because they are part of an elite; they are hysterical liars, brats, and losers.
Hash Rate is the output of a hash function and, as it relates to Bitcoin, the Hash Rate is the speed at which a compute is completing an operation in the Bitcoin code.
A higher hash rate is better when mining as it increases your opportunity of finding the next block and receiving the reward.
Hash Rate, also Hash Power, is the measuring unit that measures how much power Bitcoin network is consuming to be continuously functional. By continuously functional I mean how much hash power is it consuming to generate/find blocks at the normal mean time of 10 minutes.
Bitcoin network consumes a lot of energy because it has to solve mathematical intensive computations regularly to find the blocks. These computations for finding the blocks are basically mathematical puzzles that a miner cannot just guess without a lot of computation. To successfully mine a block, a miner needs to hash the block’s header in such a way that it is less than or equal to the “target.” The target, at the time of writing this article, is that the SHA-256 hash of a block’s header must be a 256-bit alphanumeric string, and must start with 18 zeros.
The target changes as the difficulty change every 2016 blocks. And the miners arrive at this particular hash (or target) by varying a small portion of the block’s headers, which is called a “nonce.” A nonce always starts with “0” and is incremented every time for obtaining the required hash (or target). Since the varying of the nonce is hit and miss, the chances of getting this particular hash (or target), which starts with these many zeros, is very low.
Therefore, many attempts must be made by a miner by varying the nonce. And this number of attempts made per second is called hash rate or hash power. And this hash power or guessing attempts are made by miners who mine the Bitcoin blocks by a process called Bitcoin mining. To understand more about hash power see this short video on hash power or hash rate which perfectly explains it.
How Is The Hash Rate Measured & its Unit?
Hash rate, as I said, is a unit measured in hashes per second or [h/s] and here are some usual denominations used to refer it.Hash rate denominations.
1 kH/s is 1,000 (one thousand) hashes per second1 MH/s is 1,000,000 (one million) hashes per second.1 GH/s is 1,000,000,000 (one billion) hashes per second.1 TH/s is 1,000,000,000,000 (one trillion) hashes per second.1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second.1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second.
Bitcoin Network’s Hash Rate & Distribution As Of Now?
Bitcoin network’s hash rate now is 9.9 TH/s and is only growing as the more miners are joining in so more difficulty is going up.
Hash Rate, Miner’s Reward And Difficulty
Hash rate, miner’s reward, and difficulty are interdependent on each other in various ways. Whenever Bitcoin network’s difficulty goes up more hash rate is required to mine/find the blocks and as result miners earn the block reward of 12.5 BTC plus the transaction fees.
Interestingly, the Bitcoin network’s difficulty goes up because of more miners joining the network and thus the hash power needs to be increased (i.e. more computational guesses needs to be made per second to find the solution).
This interesting correlation is enforced in the Bitcoin protocol itself so that the average block time remains 10 minutes.
After reading this, some of you would want to mine bitcoins by providing hash power to the Bitcoin network but that is a very costly and energy-intensive affair which everyone cannot do. It requires you to make expensive hardware investments, pay for huge electricity bills, and demands that you have a good amount of computer knowledge.
And until you are ready to become a miner, keep working hard in your current profession, HODL Bitcoin and stay tuned to MojoMiners.com to keep learning more about the Bitcoin revolution.
You can use this information to determine your mining calculations per month on this site
An ICO is an unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks.
As of today there are currently over 900 cryptocurrencies that trade on a number of different exchanges.
Think of an ICO in relation to a company that is about to do their IPO and they have a private placement.
A private placement is a capital raising event that involves the sale of securities to a relatively small number of select investors. Investors involved in private placements can include large banks, mutual funds, insurance companies and pension funds. A private placement is the securities are not made available for sale on the open market to any type of investor.
The same concept is involved with and ICO. Instead of a Private Placement it's called a "Token".
Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are tradeable, from commodities to loyalty points to even other cryptocurrencies.
Creating tokens is a much easier process as you do not have to modify the codes from a particular protocol or create a blockchain from scratch. All you have to do is follow a standard template on the blockchain – such as on the Ethereum platform – that allows you to create your own tokens. This functionality of creating your own tokens is made possible through the use of smart contracts; programmable computer codes that are self-executing and do not need any third-parties to operate.
More than $1.5 billion has been raised via ICO's to date.
The real story is the underlying innovation of crowdfunding through a sale of digital tokens, verified through a novel use of blockchain technology.
ICOs are such a new concept that the market is way ahead of policy. Governments are still wrestling with how or whether to oversee them. The U.S. Securities and Exchange Commission has given only the most cursory of guidance about what types of ICOs should be regulated as securities.
China flat-out banned them earlier this month, no exceptions, sending cryptocurrency values into a tailspin. Estonian officials, meanwhile, were considering an ICO for the nation’s very own cryptocurrency until the EU got spooked and made them stop.
According to the sources close to the Finance Ministry, Israel’s black market is approximately 22 percent of the country’s gross domestic product. A digital currency, registered with the government of Israel, would make black market transactions less possible. Additionally, per the news source, the government is considering legislation that would substantially reduce the amount of physical cash in the economy. For example, one suggestion would be a law against paying wages in cash.The process for the creation of the digital shekel is just getting underway, however. The government has offered the ‘Economic Arrangements Bill,’ which, if passed would create a separate panel for the Bank of Israel to consider creating the digital shekel.
In theory, ICOs should be pretty vanilla: Entrepreneurs announce and promote their new idea online. The ICO customers who are excited about, and want to use the product, buy the tokens. Then the entrepreneur uses the funding to build the product using a token that has a value only on that system.
A real world corollary would be an arcade that pre-sells tokens, using the funds to buy all of the best video games, and then opening its doors to its pre-sold community. Those tokens would only have the value of playing a game, no more no less.
Why I am so excited is smart people right now have a once in a lifetime opportunity as the bigger money will come into crypto. Just like in the stocks the individual investor can be at a distinct disadvantage.
Global crypto investors — the biggest ones are called “whales” — are sought for every ICO. New “institutional” crypto investment groups, and even self-styled hedge funds, get in early to buy tokens in bulk at a discount, to sell later to the community at a premium.
During the gold rushes of the 1800's, the only ones guaranteed to make money were those selling tools, provisions, maps, etc. to the gold rushers. In this modern gold rush we see see their descendants: cottage industries of specialist crypto-investor relations and marketing companies sprouting up on the sidelines, looking to charge well over a hundred thousand dollars for a successful ICO launch.
The tokens for sale in the ICO are intended for a community that will use the product itself, but nothing is stopping speculators from scooping them up. In fact, the momentum is part of what drives a successful ICO.
With every ICO their are people who offer help in exchange for tokens. In this context those tokens are called a “bounty,” making them ... bounty hunters. This help comes in every imaginable form. ICO's to get started draft a white paper that’s given to investors. Swarms of bounty hunters appear offering translations into Mandarin and Russian but also Romanian, Turkish, etc.
bounty manager, someone hired by the company who by necessity is a strict taskmaster. He or she bans the shady bounty hunters, controls the purse strings and checks their work. All I know is this is a very exciting time in the markets as the Dow approaches now 30,000 and Bitcoin to 20,000. See you there and thanks for reading. Great posts to come on passive income generation with crypto.
New to the Digital Currency World? No Problem. Here is our simple guide on how to turn your currency into Bitcoin as well as the options once Bitcoin is purchased.
A cryptocurrency, aka a digital currency, is essentially a digital money that can be spent via the Internet. In more depth, cryptocurrencies are restricted entries into a database that are created using cryptography rather than people or banks. All of these entries are shared over a peer-to-peer network known as a blockchain.
A blockchain is a public ledger of transactions, more simply put, a receipt of transactions that can be seen by the public. This public ledger works as a fraud prevention device, as it prevents digital currencies from being spent twice or being counterfeited. Every user on the network has access to the transactions that have occurred on the network. This allows for the entire history of the transactions made using a respective cryptocurrency to be seen by anyone. The public ledger also allows for the balance of any account to be visible by all on the network, though the identity of the owner is kept anonymous.
Cryptocurrencies are able to accomplish what a bank offers while also offering anonymity and decentralization. Each entry on the network is represented by a respective number of coins (it is different with every currency, as each has a different value, total supply, usage etc.). Coins are generated using a computer program that works to find the next block in the blockchain.
The people who run this program are called miners. The mining of the coin secures the network and confirms transactions. The blocks found by miners are solved by programs that are essentially cryptographic puzzles that are solved to discover new blocks. The hash connects, or chains, the new block with all previous blocks, creating the ledger and securing the transaction. This is where the term blockchain was derived from.The value of each cryptocurrency comes from their respective networks and the value in which the members of that network decide to trade the coin at.
Benefits of Cryptocurrencies
Irreversible Transactions: After a cryptocurrency is sent from one location to another and the transaction is confirmed, the transaction is irreversible. This acts as a form of fraud protection as there is no chance for chargebacks to occur.
Anonymity/Decentralization: Rather than a centralized bank, cryptocurrencies are stored in offline wallets that can only be accessed using the computer in which the wallet is downloaded on. These wallets may also possess a security code that is only known by the owner. Wallets are represented by randomly generated address that can be changed repeatedly, thus making it nearly impossible to link a wallet address with an identity. Though a public ledger of transactions on the network can be viewed by anyone, these ledgers are not connected to any single person’s identity directly. Different altcoins have varying levels of anonymity. Each wallet is essentially its own bank in charge of how and when its currency is spent.
Globally Accessibility: Entries on the network are broadcast over the Internet immediately and a confirmed in a short period of time, generally just a few minutes.
Security: Cryptocurrencies are very secure. The use the latest cryptographic techniques, which are essentially very complicated math equations, in order to maintain a high level of security.
Controlled Supply: These currencies have a finite number of coins that will ever be created and once all have been produced no more can be made. Counterfeiting and double spending of coins is also made more difficult because of this. This is unlike cryptocurrencies fiat counterpart, which can be printed at will by the government who owns the fiat.
Where to Start: Purchase Bitcoin
To purchase any altcoin other than Bitcoin one must first purchase Bitcoin (BTC), which can be thought of as gold in the digital currency world. Just as the value of fiat currencies revolve around gold, the value of digital currencies revolve around Bitcoin.
Where to Purchase Bitcoin: Coinbase
In order to purchase Bitcoin, sign up for an account Coinbase
Bank accounts allow for much larger deposits, but tend to take up to two weeks for the bank to process the transaction. Be sure to pay attention to the value of Bitcoin when purchased, as Bitcoin tends to fluctuate in value. So to get started just use your bank account or your Debit/Credits card which processes in a matter of minutes, but usually has a purchase limit of only $200 to $300.
Now What: Join A Crypto ExchangeNow that Bitcoin is owned, the next step is to register for one of the public exchanges that sells many of the Altcoins. There are over 900 Altcoins now and most of them are on Cryptopia. I use Cryptopia it' s great click here to use my referral code by clicking on the image below.
Once registered for one of the exchanges the next step is to transfer the Bitcoin (BTC) that was purchased on Coinbase to the exchange. This is accomplished by going to account balances on the respective exchange and generating a Bitcoin address.
Each site has a slightly different process to create a deposit address. Cryptopia: Hover Over Username > Balances > BTC > Deposit.
Once the address is created, withdraw the Bitcoin from Coinbase. Make sure to send it to the exact address that was generated by the exchange. Failure to do so will lead to the loss of the Bitcoin with no chance at recovery.
To do this, follow the steps below.
Coinbase: Accounts > Send > Enter Address Generated From Exchange > Enter Desired BTC Amount > Send Funds
Almost There: Buy Altcoins of your choice
Once the Bitcoin has been successfully transferred to one or more of the exchanges, it is now up to you to purchase your choice of cryptocurrency and what you believe is (the) proper price. There is no right or wrong answers here, just be sure to take the market price, listed buy orders, and listed sell orders into consideration. All digital currency prices will fluctuate, so it is up to you to read the charts and graphs produced by the exchange.
The Mojo Crypto Trading is growing everyday. The members get to enjoy the community chat room where on Discord Chat it's live 24 hours day with great picks and tips. Check out whose live now inside the chat room.
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Banks, financial institutions are adopting blockchain technology at a very rapid pace. IBM released a report in 2016 suggesting that 15 percent of all banks will be using the technology in 2017. By 2020, the IBM states that 66 percent of all banks will have blockchain in commercial production. There’s a wealth of opportunity to be had in the blockchain industry, and it’s only getting started. Here is a look at publicly-listed blockchain technology stocks for your consideration.
1. 360 Blockchain (CSE:CODE)
Market cap: $30.69 million; current share price: $0.23
360 Blockchain, formerly 360 Capital Financial, that just changed its name to 360 Blockchain and began trading under the symbol CODE on October 10. Since going public, the company has announced a joint venture with NOS Blockchain, a subsidiary of Nerds on Site, that its acquisition SV Cryptlab entered into contracts to mine ethereum and Zcash, and the establishment of 360 Blockchain USA, a subsidiary to focus on developing and investing in blockchain technologies in the US.
360 Blockchain Inc. has an all-round view to accelerate the development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to crypto-currencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and beyond.
2. BTCS (OTCQB:BTCS)
Market cap: $20.49 million; current share price: $0.13
Another blockchain technology stock is BTCS. The company is also the first blockchain-focused public company in the US, and was ahead of its time in exploring digital currency ecosystems. The company self-describes itself as an “early mover” in the digital currency ecosystems sector.The company’s CEO, Charles Allen, was interviewed by Bloomberg explaining the company’s mission to “gather a currency that can be spent on goods and services”, using bitcoin to buy products like televisions.In August, BTCS announced it had signed a non-binding letter of intent to merge with Blockchain Global. On October 11, it was announced that BTCS had secured $1 million in financing, $250,000 of that being bitcoin. Near the end of October, BTCS announced it had closed the remaining finance balance in moving forward with its planned merger with Blockchain Global.
3. BTL Group (TSXV:BTL) Market cap: $140.96 million; current share price: $7.20
BTL is a Vancouver-based company that offers blockchain solutions across multiple industries–from banks to energy, and even to fantasy sports. BTL has a money transfer platform using distributed-ledger-technology and smart contracts, called Interbit.
On that note, the company announced in June that it is “taking steps towards a go-to production phase” of the Interbit, having completed its European energy trading pilot. As noted in the press release, the 12-week pilot included building the framework on an energy trading confirmation solution to BTL’s platform, which was tested in 8 different scenarios.
“At BTL we truly believe that, by using blockchain technology and our proprietary platform, Interbit, there is a better and more efficient way for enterprises to build applications,” Guy Halford-Thompson, cofounder and CEO of BTL said. “Having demonstrated the reductions in risk and cost savings that are achievable we now have an opportunity to deliver the first successful blockchain based application to the energy market. We are also very excited that the pilot has enabled participating companies to better understand the benefits of Interbit and identify other areas in their organizations where they can apply it.”
At the end of August, BTL Group announced the beta launch of Interbit as it becomes closer to being launched in live commercial environment. In early November, BTL Group announced that it had increased the size of the brokered offering led by GMP Securities to $10.7 million through the offering of roughly 2.1 million units at $4.90 per unit.
4. Coinsilium Group (NEX:COIN)
Market cap: GB$7.82 million; current share price: GB$7.25
Coinsilium Group is a London-based blockchain technology investor that develops and invests in blockchain technologies, aiding new fintech applications. The company is the world’s first recognized IPO for blockchain technology company and lists on the NEX Exchange, a recognized investment exchange as per the Financial Services and Markets Act 2000.
According to its website, Coinsilium is relatively new in the blockchain field: the company has been actively involved in “accelerating seed-stage blockchain tech ventures” ever since 2014. Since then, the company has accumulated interest from blockchain companies such as Factom, RSK Labs, Minebox and Indorse.
At the beginning of August, the company announced that it had completed the sale of interest in SatoshiPay, a company that processes nanopayment transactions usually in the form of bitcoins. Meanwhile, closer to the end of August Coinsilium Group announced a formation of its wholly-owned subsidiary, Terrastream, which aims to build an enterprise standard blockchain-powered platform for token-based alternative funding solutions. In late September Coinsilium announced a purchase of 5 million shares at 2.25 pence per share. By November, the company had signed a memorandum of understanding with United Mobility Technology.
5. DigitalX (ASX:DCC)
Market cap: AU$81.40 million; current share price: AU$0.19
Next on our blockchain technology stocks list is DigitalX. The company provides ICO advisory services, blockchain consulting services, and blockchain-related software development.
More specifically, its mobile product AirPocket provides consumers secure cross-border payments and remittances from over 30,000 payout locations in 14 countries with a heavy presence in North America and South America. DigitalX’s Bankera launched an ICO on August 28, which will provide payments, deposits, loans, and investments and will be supported in fiat currencies and cryptocurrencies, including bitcoin, ethereum, DASH, NEM, and ERC20 compliant tokens, among others.
In September, it was announced that DigitalX and Stargroup (ASX:STL) have joined forces to develop “two way” bitcoin ATMs to buy and sell bitcoin.
6.eXeBlock Technology (TSXV:XBLK)
Market cap: $103.77 million; current share price: $1.32
eXeBlock is relatively new, having officially begun trading on the Canadian Securities Exchange on November 16. Headquartered in Nova Scotia, eXeBlock’s services include blockchain technology consulting, blockchain application development, and custom blockchain development.
7. Global Blockchain Technologies (TSXV:BLOC)
Market cap: $48.56 million; current share price: $2.30
Formerly Carrus Capital, Global Blockchain Technologies is also relatively new in the blockchain sector, having just announced its name change effective October 5. Global Blockchain provides investment services and was founded in Vancouver in early 2010.
8. HIVE Blockchain (TSXV:HIVE)
Market cap: $872.64 million; current share price: $2.83
HIVE Blockchain is also relatively new to the scene but is already making a name for itself in the market. HIVE looks to “build a bridge” between the blockchain market to traditional capital markets, and is strategically partnered with Genesis Mining, a cryptocurrency mining hashrate provider.
On October 10, the company announced a $7 million equity investment by Genesis Mining. Then on October 11, HIVE announced it had closed a $30 million bought deal financing. In mid-November, HIVE announced it had closed a $34.5 million bought deal financing, proceeds of which will be used for the second phase of construction of the digital currency mining data center in Sweden.
9. Marathon Patent Group (NASDAQ:MARA)
Market cap: $11.35 million; current share price: $5.95
While not a pure play blockchain company, Marathon Patent Group is an IP licensing and commercialization company that acquires and manages IP rights from a number of sources. Case in point, in early November the company announced it will acquire Global Ventures, a digital asset technology company that mines cryptocurrencies.
10. MGT Capital (OTCMKTS:MGTI)
Market cap: $80.62 million; current share price $2.23
MGT Capital is currently acquiring and adding to its diverse portfolio of cybersecurity technologies, but is also in the business of bitcoin mining. According to its website, MGT is in a strong position to become the “preeminent” crypto-mining enterprise in the US. As it currently stands, MGT Capital has a number of locations in central Washington state.
In mid-October, the company announced an update on its cryptocurrency operations, highlighting that its bitcoin mining operations are projected to generate over $2 million in monthly revenue.
11. Riot Blockchain (NASDAQ:RIOT)
Market cap: $86.12 million; current share price: $23.60
Riot Blockchain is also relatively new to the blockchain scene, having changed its name from Bioptix to Riot Blockchain at the beginning of October. Formerly a biotech company, Riot Blockchain is the first mover on the NASDAQ as a pure play blockchain company. Riot hopes to gain exposure to the blockchain ecosystem through investments in the sector, specifically through bitcoin and ethereum. The company has partnered with Coinsquare by way of a strategic investment.
A lot of people were exuberant over the recent DCIX explosion in price. Many people witnessed the same thing last year with DRYS. Why, how, could a shipping stock in Greece reach of a high of 700% in one day on no significant news, with a terrible balance sheet, then follow through on Monday by going up another 200% from its close? I’ve compiled an easy to read break down of the underbelly of this stock. There is no technical analysis or boring hard to grasp concepts this time, because the answer is simple: greed and legalized fraud. Kalani creates an artificial short squeeze, then exercises options for shares TOPS, DCIX, DRYS and dumps them on the public.
I’ve taken key excepts from a book written 100 years ago, written by one of the greatest traders in history, Jesse Livermore, showing him doing the exact same thing.
Drys float was reduced to 300 thousands shares, enough that it can be manipulated by Kalani so they can dump shares and make them rich, all legally. They do this over and over, creating a casino, attracting speculators and gamblers. Many unsuspecting people get ruined in the process though. You see it in the comments on seeking alpha and ihub. Most of the comments are fake trolls, but you can see the genuine ones.
Here is an excerpt from the book, “Reminiscences of a Stock Operator”
This book was written 100 years ago by Jesse Livermore’s alias. We see today the exact thing happening with these shipping companies. Things never change on the stock market because human nature will always stay the same.
One day the foremost member of the Imperial Steel syndicate, acting for himself and associates, came to see me. They wished to create a market for the stock, of which they controlled the undistributed 70 per cent. They wanted me to dispose of their holdings at better prices than they thought they would obtain if they tried to sell in the open market. They wanted to know on what terms I would undertake the job.
I let my man know my mind and he called at my office to talk the deal over in detail. I told him what my terms were. For my services I asked no cash, but calls on one hundred thousand shares of the Imperial Steel stock. The price of the calls ran up from $ 70 to $ 100. That may seem like a big fee to some. But they should consider that the insiders were certain they themselves could not sell one hundred thousand shares, or even fifty thousand shares, at $ 70. There was no market for the stock. The price was nominally $ 70, but I could not have sold one thousand shares at that price. I had no evidence of even a moderate demand at that figure or even a few points lower.
As soon as I had a line on these points I quietly took all the stock that was for sale at $ 70 and higher. I didn't have to buy very much stock. Moreover, I knew that the right kind of advance would bring in other buying orders and, of course, selling orders also………………
I didn't give bull tips on Imperial Steel to anybody. I didn't have to. My job was to seek directly to influence sentiment by the best possible kind of publicity. ……………..
…………But what I meant was that the tape did all that was needed for my purpose. As I said before, the reputable newspapers always try to print explanations for market movements. It is news. Their readers demand to know not only what happens in the stock market but why it happens. Therefore without the manipulator lifting a finger the financial writers will print all the available information and gossip, and also analyse the reports of earnings, trade condition and outlook; in short, whatever may throw light on the advance……………
At the same time I realize that the best of all tipsters, the most persuasive of all salesmen, is the tape. When I had absorbed all the stock that was for sale at $ 70 and a little higher I relieved the market of that pressure, and naturally that made clear for trading purposes the line of least resistance in Imperial Steel. It was manifestly upward. The moment that fact was perceived by the observant traders on the floor they logically assumed that the stock was in for an advance ……..the extent of which they could not know; but they knew enough to begin buying.
In due course the traders' purchases ceased and the price stopped rising. As soon as that happened there began the selling by disappointed bulls or by those traders whose reasons for buying disappeared the instant the rising tendency was checked. But I was ready for this selling, and on the way down I bought back the stock I had sold to the traders a couple of points higher. This buying of stock I knew was bound to be sold in turn checked the downward course; and when the price stopped going down the selling orders stopped coming in.
I then began all over again. I took all the stock that was for sale on the way up— it wasn't very much and the price began to rise a second time; from a higher starting point than $70.
All I had to do after that was to repeat the process; alternately buying and selling; but always working higher. Sometimes, after you have taken all the stock that is for sale, it pays to rush up the price sharply, to have what might be called little bull flurries in the stock you are manipulating. It is excellent advertising, because it makes talk and also brings in both the professional traders and that portion of the speculating public that likes action.
It was a safe enough profit, for I had a market for all I wanted to sell. The stock would sell higher on judicious manipulation and I had graduated calls on one hundred thousand shares beginning at $ 70 and ending at $ 100.
Kalani bought, or took the option to buy (excerpts from SEC filing, and made easy to understand)
3,000 newly-designated Series b-1 Convertible Preferred Shares priced at $1000 each convertible into $7 per common share (US$3.0 million)
(We need money now)
Warrants (options to purchase from the company as opposed to a broker) 6,500 Series B-1 Convertible Preferred Shares, priced at $1000 each convertible into 7$ per common share. US$6.5 million (option)Preferred warrants to purchase 140,500 newly-designated Series B-2 Convertible Preferred Shares convertible into common shares, convertible in $7.00. These are basically options but direct from the company Priced at $1000 for each share (140 million)
(The Series B-2 Convertible Preferred Shares are convertible at the option of the holder into share of our common stock, par value $0.01 per share, or "common shares," at a fixed conversion price of $7.00 per common share, subject to certain adjustments, and PROVIDED THAT on the date of conversion the trading volume of our common shares on The Nasdaq Global Select Market is not less than 15,000,000 shares)
Alternatively, at the option of the holder, the Series B-2 Convertible Preferred Shares may be converted at a price equal to the higher of (i) 92.25% of the lowest volume-weighted average price of the common shares on any trading day during the five consecutive trading day period ending and including the trading day immediately prior to the date of the applicable conversion date, and (ii) $0.50
The above clause is for the possibility that the share price doesn’t reach $7.00. That way DCIX and Kalani can squeeze whatever they can.
So, essentially DCIX needs money, but nobody wants the stock because they have a history of doing reverse splits and massive share dilution. No underwriter is going to buy the stock to sell, so this is where Kalani comes in. Kalani is a speculator, just like Jesse Livermore with Imperial Steel. Kalani is given the option to buy stock for $7.00 only if the volume increases to 15 000 000, which gives him an incentive to want DCIX’s share price to increase with heavy volume.
Just like major shareholders of Imperial Steel employed Jesse Livermore to create a market so they could sell, DCIX is employing Kalani, under the guise of being a shareholder, to create a market so they can raise money for their struggling company.
Thanks for reading until my next article keep it profitable,
Hard work and effort does get recognized. I came in 10th place out of 50 Day Trading Blogs is pretty cool.
Day Trading is a form of share dealing in which individuals buy and sell shares over the Internet over a period of a single day's trading, with the intention of profiting from small price fluctuations.
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Canadian marijuana growers are in a classic upward trend. My favorites are Aphria, Aurora, and Canopy Growth. They are behemoths. Highly liquid, massive growth opportunities. Canopy Growth is the largest marijuana grow operation in the world, and Aphria and Aurora are close behind. Which one should you buy though? Well, it all depends on what you want. I’m not one to say ANYTHING is a sure thing, but these marijuana companies come pretty close if you want big profits.
Pros: The lowest cost producer by a long shot. Cost per gram is .79 CAD. What Aphria spends in 1 year on hydro-electro bills, indoor growers like Canopy and Aurora spend in 1 month. Under ACMPR, it costs Aphria $55 per square foot to build a greenhouse, while indoor growers can range up to $300.00. They are the only licensed producer that have been consistently profitable almost every quarter, with a recently quarterly earnings increase of 1500%. Yes, you read that right. While all the other marijuana stocks were posting losses of several hundred percent in 2016, Aphria was posting a profit. They have a production capacity of 2500kg per year, which is quickly growing as they complete new phases, and they are projected to have 30000kg production capacity by July next year. When Aphria completes phase 3 and 4, they are projected to a have production capacity of 75 000kg per year.
Cons: Greenhouse growing doesn’t result in the ascetic benefit you get from growing indoor. Conditions aren’t as controlled, so you don’t get that perfect looking bud. They also have been threatened with delisting by the Toronto Stock Exchange if they don’t properly explain the risks involved with their business activities in the United States. The TSX was vague in the press release, so we have to wait until this story develops to fully understand what they meant. As somebody who has watched these stocks religiously for years, I don’t believe this is a real concern.
Aphria is a long term hold. Continuous quarterly earnings increases, revolutionary new product, strong RSI, and a positive general market direction. The only thing it doesn’t have is official institutional sponsorship, although it has secured 100’s of millions from several private placement deals worth 10’s of millions each. I expect this stock to easily reach, at least, $20.00 per share before July.
Cons: Net loss for the 4th quarter 2017 was 21 million, an increase from 5 million in the previous quarter of 2016. If marijuana is legalized for recreational use, there is a chance that the extremely stringent medicinal regulations surrounding medical marijuana production could be changed. Medicinal regulations are always hyper redundant for any industry, and if the market opens for the average user, the regulations could lighten, opening the door to competitors holding significantly less debt, with a clear defined path ahead of them. Canopy is operating under the assumption that these regulations won’t change. Servicing the current regulations is very expensive, and Canopy has built its gargantuan business model based on these regulations
For now, it is the best swing stock. Long term, I’d ere on the side of caution until the regulatory framework is better defined. A good trade right now, with a fair float, and when it moves, it moves big. A lot of unsophisticated investors, and when it runs, buying the dip is almost a sure thing when day trading. Honestly, you could make millions with this stock due to its high trading volume. Snoop Dogg even bought this stock, and promotes it!
Pros: Aggressively expanding, with operations in Alberta, the lowest taxed province in Canada, with the lowest cost of electricity. Aurora is currently building the Aurora Sky facility with a, get this, 100 000kg per year growing capacity, dwarfing its competitors. They also have another facility in Quebec that will have a capacity of 4000kg per year once completed, which sounds small compared to the Aurora Sky facility, but to put into context, currently, Aphria is only producing 2500kg per year right now. Its current production cost per gram is $1.91 CAD. Aurora is also aggressively pursing a presence in the international market, having entered into an agreement to ship 50kg to Germany, and acquiring a 20% stake in an Australian licensed grower.
Cons: Extremely over leveraged and without producing profits yet, posting huge net losses every quarter. It faces the same risks as Canopy, where its production costs incorporate the stringent medicinal marijuana regulations that significantly increase cost. If recreational regulations are lightened, it could open the door to competitors with much less debt and a clearer path of action. Right now, Aurora and Canopy are planning for a future that is undefined, leveraging themselves significantly. Aurora also issued almost 400 million shares, almost tripling the Aphria and Canopy share size. In the world of stocks, 400 million shares can cause a lot of resistance, but this doesn’t seem to be a factor right now.
If everything goes well, Aurora will be positioned to be the biggest producer in the world. It will be in the province with the lowest taxes, and lowest energy costs, and its international presence could bode well down the road, but the regulatory framework is a grey area right now. Since I started following Aurora, its been the most predictable swing trade. Between the months of October and December of last year, the pattern was very predictable, going up and down weekly, or even daily, between $2.00, and $2.20. It hasn’t breached the $2.00 mark in almost a year, except for a brief moment inter-day when it touched 1.90, but that got quickly gobbled up. Aurora is probably the second best swing trading marijuana stock right now, with the heavy trading volume, and a lot of zeal, not to mention unsophisticated Canadian oil field workers in Alberta. I myself am one of them. The last company I worked for was paying the pipefitters, I’m not lying, $20,000 per month after overtime. $5,000 per week. As an apprentice, I was paid $2600 net per week. Everybody was talking about Aurora at work, and if you want to use technical analysis, weed stocks, in my opinion, are in the last Elliot Wave of this long term trend. This is the last run, and it will be one for the ages.
Thanks for reading until my next article keep it profitable,
Bitcoin, Cryptocurrencies are all over the media. Most people do not know what they are or how they work.
What is Bitcoin?
Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
Today's market cap for all bitcoin (abbreviated BTC or, less frequently, XBT) in circulation exceeds $7 billion.There are no physical bitcoins, only balances kept on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite its not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of other virtual currencies collectively referred to as Altcoins.
To buy Bitcoins you don't have to expose yourself to cryptocurrencies to profit from it. Early investors that were able to forsee the potential of the blockchain-powered cryptocurrency became multimillionaires. There are opportunities with the digitalization of money with a few stocks. Bitcoin reached a new record high late Sunday, closing above $6,300 for the first time, just 10 days after it broke through the $6,000 mark.
If you love the Bitcoin story but just can’t see yourself putting up $2,500 for a single bitcoin, Bitcoin Services, Inc. (BTSC) Other OTC. Bitcoin Services, Inc. engages in the bitcoin and mining of other crypto currencies. The company offers bitcoin escrow service, which acts as a neutral third party between buyer and seller when doing business online; and Bitcoin mining services through running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. It is also involved in the development and sale of blockchain software. The company was formerly known as Tulip BioMed, Inc. and changed its name to Bitcoin Services, Inc. in March 2016. The company was incorporated in 1997 and is headquartered in Kalamazoo, Michigan.
Nvidia Corporation (NASDAQ:NVDA) is a name to put on your stocks to buy list. NVDA graphics cards, or GPUs, are incredibly popular with cryptocurrency miners. According to Engadget, “modern GPUs have enough general-purpose computing power to process money formats like Bitcoin much faster than a CPU alone.”
The problem is that standard GPUs aren’t purpose-driven for currency mining algorithms. So in response to the bitcoin craze, NVDA did what any company would do under the circumstance: create a mining-specific GPU.
Nvidia rival Advanced Micro Devices, Inc. (NASDAQ:AMD) has also jumped onboard the bitcoin bandwagon. Neither companies provided official confirmation about their mining GPUs. However, the broader takeaway is that cryptocurrencies are attracting significant attention from major players.
Furthermore, it’s not even bitcoin that provides the greatest opportunity for NVDA and other semiconductors. With a market capitalization exceeding $41 billion, the king of the cryptocurrencies is difficult and economically onerous to mine. But today, hundreds of smaller digital coins are circulating across the internet. Undoubtedly, several currency miners looking to make a speculative buck will be lured by NVDA and their powerhouse GPUs.
Online video game giant Zynga Inc (NASDAQ:ZNGA) is another stock to own for Bitcoin exposure. Turning the company around and 44% this year with the addition of Taylor Swift this stock is trending higher. They have over one billion people playing ZNGA games and Zynga was one of the first companies to adopt bitcoin transactions.
The are now other bitcoin-alternatives, such as ethereum or litecoin.
Thanks for reading,
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