BITCOIN & CRYPTOCURRENCIES, MOST ASKED QUESTION !

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Which new crypto for 2018 do you think will grow more than 30x?

Based on massive amounts of research, High Performance Blockchain (HPB) is your best bet, if we are discussing coins currently available on exchanges, and not in the ICO stage. Team members are from UnionPay (China’s Visa), NEO is a partner and an angel investor, and there is a rumored partnership with UnionPay.

HPB is the first blockchain project to create hardware in addition to software to enhance performance. With their acceleration hardware chips, they claim a system/network can process over 1 million transactions per second, which is far more than any current project claims to be able to do in the future.

It is said that HPB will be the first blockchain in the industry to support the NEO Virtual Machine, and it will support the Ethereum Virtual Machine as well.

HPB has x100 potential in the next 12 months because it is already a well-established project with highly respected team members and advisors. It just hit exchanges and Coinmarketcap a few weeks ago so it is a very new coin. Until now, it had been only marketed to the East, specifically China, but this week the HPB team has hosted workshops in Silicon Valley at Stanford and at UCLA. They also visited Google headquarters on this trip. Word is now spreading fast in the West, so we can expect exponential growth in coming weeks/months.

HPB is currently ranked #107 by market cap according to Coinmarketcap, with a market cap of 187 million at the time of this post.

HPB is being marketed as “the Chinese EOS,” although this comparison isn’t fully accurate, as EOS does not make hardware and therefore cannot overcome bottlenecks that HPB can.

Currently, the market cap of EOS is around 8 billion dollars (ranked #9 on CMC).

So if we assume that HPB will grow to the current size of EOS in the next 12 months (i.e., to reach a market cap of 8 billion), and do the algebra, that would be a price increase of x40. This means that HPB will go from its current price of $8.50 to $363.

If HPB becomes a top 5 market cap coin, which some believe it could be, the price increase would be much greater. Currently Cardano is at #5 with a market cap of 13 billion. If HPB grows to the current size of Cardano, it will have increased the price by x70.

(Note:-  CEX IO is a cryptocurrency platform that can help with your bitcoin-based money transactions. It is most popular, secure and reliable exchange for buy bitcoin with your card or bank account.)

If you believe crytpo at large is a bull market, you’d expect the market cap of all the top coins to be much higher. If this is the case, HPB can certainly do a x100 if it reaches the top 5–10 rank by market cap.

But remember, this is crypto, and it’s hard to tell when crashes will happen, especially with the global uncertainty about how each nation is going to regulate cryptocurrencies. For example, if the U.S. cracks down on crypto too hard, like the Chinese government did in 2017, it could drastically hurt crypto prices across the board, including HPB.

But at this moment, I think it’s the best bet for a x 30 coin that is already on the market, not in the ICO stage.

 

What cryptos under 1 cent have potentials in the next 12-18 months?

First of all, remember that the value per token should NOT be the value you look for if you want to “buy things while they are still cheap and unknown but with lots of potential”.

What you should pay attention to is the market cap (which you can find the information for many coins on CoinMarketCap.com, it is the most popular cryptocurrency site in the world).

Market cap is derived by circulating supply (coins that are available for trading on the market) times the value per token. There is also the Total Supply of each token that you should pay attention to. Total Supply refers to the total amount of tokens that will exist forever. Bitcoin right now has 16 million circulating supply and 21 million total supply.

Each coin will have their own rules as to how the total supply will be released into the economy (the circulating supply). Bitcoin releases these coins by rewarding miners and the program has capped the total amount of bitcoins to be released at 21 million.

Imagine there is a coin called A and A has 100 trillion coins (programmers can make them into any arbitrary amount). Then someone buys A from me for only 1 cent! So cheap right? This trade will value coin A at 1 trillion dollars market cap (100 trillion x 0.01) which is 5x of current market cap of bitcoin. This means coin A is now worth 5x of Bitcoin. Roughly speaking, in order for coin A to go from 1 cent to 2 cent, you are increasing its market cap by 100 trillion. If you hold 1 million coin A by investing 10,000 dollars, your 10,000 dollars will “only” x2 and becomes 20,000 dollars if someone else buys it for 2 cents.

However, why would someone buy it from you for 2 cents when they can buy from the 99.99… trillion coins out there? Surely one of those coin holders will be happy to sell it for 1.0000000000000001? There is going to be massive supply for coin A since there are so many in existence.

Don’t fall into the newbie trap of looking at coin prices. The most important metric is market cap.

I don’t even look at the price of the tokens anymore. I mostly only look at market cap if I am looking to buy things “cheap”.

Another way to illustrate why this is the wrong question you should be asking: the number 7 crypto right now, Stellar, is worth $0.46 per coin while the number 8 crypto, NEO, is worth $122.34. Unfortunately, your question is already setting yourself up to go down the wrong path.

The question you should be asking is “What cryptos under 100 million marketcap have potentials in the next 12-18 months?”

If something is 100 million market cap now and it becomes ranked 20 (Nano is ranked 20 @ 2.1 billion), you will make x21 of your initial investment assuming the entire market cap of all cryptocurrencies doesn’t change.

I personally really like LoMoCoin (currently 18 Million market cap) and I wrote a very long article here detailing why I am bullish on LoMo LoMoStar — A Grand Vision for the Social Economy – Hacker Noon

I don’t see it becoming top 10 but even if it becomes top 150 valued at 100 million, you are looking at a x5 from here. Trust me, there are A LOT of junk under the 100 million marketcap which LoMo doesn’t belong in.

LoMo already has a working product, the LoMoStar app. They launched in China in 2016 and had obtained over 300K – 400K users in China alone with their v1.0 app. Currently, the Chinese community is waiting for the v2.0 version which is a massive upgrade from the v1.0 while the global community is already using the v2.0 app.

  1. I explained in depth the potential for location-based services in my article so I won’t go further into it. This function is not yet finished and is still being developed into a much more complex feature compare to the simple functions in 1.0.
  2. Currently the app essentially acts as a multi-currency supported mobile wallet. You also can send funds to your friends easily off-chain completely FREE within the app. Right now I don’t know of any apps on the market that offers free off-chain transactions with anyone using the app. This is a perfect use case for low income countries that have people using crypto as their main currency (like Venezuela) as they can avoid transaction fees completely. Although the main drawback is they would have to keep the fund within the ecosystem to continue to avoid the withdrawal fee to leave the LoMo system (which essentially is the transaction fee).
  3. Meanwhile there are constant airdropping of free tokens within the app for users (other companies advertise on LoMo by dropping free tokens to generate attention for their new ICO). I have personally gotten around 50 USD worth of tokens from just playing around causally.
  4. They have a function called OTC (over-the-counter) coming out very soon (currently in closed beta testing) and it is also a very unique feature that I haven’t seen in any other apps so far. It is essentially eBay for cryptos within the app where you sell cryptos and people buy it with other cryptos. This function is critical for countries that only allow OTC as the sole legal way of trading crypto-currencies. Which country only allows OTC crypto-trading and not other forms you might ask? China.There are other important functions for OTC and it’s explained more in-depth by a reddit user here. The importance of OTC. • r/lomostar

They haven’t announced any partnerships yet (which the team has hinted they are coming) and already have a working product. This isn’t a “here is a whitepaper and this is what we WILL do”.

This is a “here is an idea and we have been doing it for the past 2 years and it ALREADY WORKS with actual people using it”.

The 2.0 version that is currently available globally except China and has over 30k+ users. This figure might be higher now since it was a few weeks ago.

(Note:-  CEX IO is a cryptocurrency platform that can help with your bitcoin-based money transactions. It is most popular, secure and reliable exchange for buy bitcoin with your card or bank account.)

The next question you have is “Why is it so cheap then?” There are two main reasons:

  1. The Chinese community is hibernating since they are just waiting for the v2.0 to come out. The team is currently being very quiet on the Chinese side and focusing on developing the app and the global market.
  2. They have not been great at communicating with the West like many Chinese companies so it’s pretty unknown in the West. This has been improving dramatically in the past few months with the help of a few core community members. In fact, I even visited their office 2 weeks ago and they have over 70 full time employees with plans to expand to 100 in the very near future.

How To Make Money From Bitcoin ?

Despite seeing a drop in price since the beginning of the year, experts have predicted that it might now be on an unstoppable climb.

Whether the price is high or low, those in the know are confident that you can make money from Bitcoin, and here is how.

The buzz for Bitcoin:

Bitcoin was the first web based currency, and was originally released on 9th January in 2009, and the buzz for the virtual currency has never really gone since.

In 2010, the market capital for Bitcoin was $1 million, and in just three years, it had risen to a whopping $15.9 billion. Even when the cryptocurrency has hit record lows, it has still remained in top spot.

Knowing where to trade:

When investing in anything, knowing where to trade can be the difference between a profit and a loss.

If you choose to trade in Bitcoin, it can be done in two ways; you can either trade on one of Bitcoin’s online exchanges, or you can trade Bitcoin derivatives in the form of a contract for difference, via an electronic trading platform.

With the latter comes a number of benefits; it tends to be affordable and simple, with much more leverage. You have around the clock trading opportunities and the ability to sell the asset even when you’re not holding it.

Bitcoins Volatile Price:

When you trade Bitcoin’s CFD’s, it occurs in the form of a Buy or Sell position, regardless of which direction you believe it will go in.

Regardless of the direction, your position remains open until an opposing trade takes place.

You should concentrate on financial information, news and insight that surrounds the digital currency, in order for you develop your own trading plan, strategy and objective. There is no such thing as a no losses strategy, but that does not mean that it is not a brilliant investment opportunity.

Buy and Hold – The price of bitcoin has steadily been increasing since its inception. The price is up over 100% in just the last year. That’s a pretty good profit.

(Note:-  CEX IO is a cryptocurrency platform that can help with your bitcoin-based money transactions. It is most popular, secure and reliable exchange for buy bitcoin with your card or bank account.)

Choose best ICOs:-To get profit follow the same basic stock market rule, buy when the market is down and sell when you get 3x or 4x return and again buy more when dip occurs. However if you want return like Bitcoin and Ethereum then the only option is ICOs.

Best way to get profit from any cryptocurrency is to buy those currencies directly from ICOs (Initial Coin Offer). However it is extremely risky to buy at ICOs.

Sell Goods for Bitcoin – You can use services like OpenBazaar or Bitify to sell items exclusively for bitcoin and with the help of ShapeShift, you can also trade

Put Ads on your website – You can use the bitcoin based ad service,Anonymouns Ads and get paid a very small amount of bitcoin for driving traffic to the pages with ads on them. This will take a lot of traffic but it’s passive so you can set it and forget it.

Trade Bitcoin against other cryptocurrencies – This is becoming very popular especially as bitcoin makes new headlines each time it hits a new all time high. The most popular exchange are binance, bittrex, Poloniex and Cex io  and I’m pretty sure they have the highest volume too. If you don’t know what coins to buy and when, you can use paid tools like CoinData ($2–3/day) to get buy signals when a currency is increasing in value or potentially increase in value soon.

Mine Bitcoin – Bitcoin Mining was the best way for making profit from Bitcoin for years. But, since the network evolved and the number of transactions is getting bigger day-by-day, traditional home mining with GPUs is not profitable anymore. People started buying ASIC which are cards designed solely for mining and are very expensive. So, people started cloud mining. Basically you invest in others mining rigs that are at the remote locations with low electricity costs. It has its advantages since you don’t have to buy equipment or construct your own mining rig. Still, there are some risks of fraud or mismanagement by the individuals that lead mining process. Still, mining remained one of the best ways to earn, although today it requiers bigger investments. Use the site, hashflare to make the most educated mining decisions on what coins to mine and when.

Get a job that pays in bitcoin – Check out the job board, Coinality. All of these jobs pay in bitcoin.

How can I earn huge by mining bitcoins at home using my own hardware?

Miners are a special entity in the network. They perform a complex cryptographic algorithm that allows the network to confirm all existing transactions. The result of the mining is called a hash. This hashing is how a miner gets paid.

You have to install your own hardware at home. Before you do it, you need to prepare a list of requirements. What is Bitcoin Mining and Why Should I Mine? I have mentioned it for you, as below:

  • Electricity Supply – for running your machines
  • Choosing Mining Equipment
    – Mining Software
    – Mobile Monitorin
  • – Legal Concerns
  • Internet Connection – for connecting with the pool and servers (blockchain)
  • Cooling – for keeping your machine cool and avoid damage
  • Racks – for organizing the machines
  • ASIC Miners (Antminer S9)– Latest machines that will mine bitcoins
  • Switch – for connecting the machines through LAN cable
  • Modem – for connecting to the internet

Now you can buy the hardware. At present Antminer S9 is the best ASIC miner in the World as it saves electricity and generates huge hash power that gives you more profits.

As a successful trader, how do you cut your loss short?

No matter you trade stock , forex or Crypto , Day trading is not all that complicated once you learn a simple, rules-based strategy for anticipating market moves:-

Buy when the price breaks higher, or sell when the price breaks lower. Sometimes this approach works, but often it won’t. Trading breakouts of this type and in this way frustrates many traders.

Find out the false breakout. If the price does break out and continues to the run in the breakout direction, then you have a legitimate breakout. After a legitimate breakout occurs the price will often pull back to the vicinity of the original breakout–not always but often.

Set a percentage of your total day trading budget (which might be anywhere from 2% to 10%, depending on how much money you have) and don’t allow the size of your position to exceed it. Otherwise, you may miss out on an even better opportunity in the market.

Every day trader has losses, so don’t kick yourself when the occasional trade doesn’t go your way, especially if you’re a beginner. Do, however, confirm that you followed your established day trading rules and didn’t get in or out at the wrong time.

And, if you interested on crypto trading, here is one popular way to trade With the automated crypto trading bot of Cryptohopper you can earn money on your favorite exchange automatically. Auto buy and sell Bitcoin, Ethereum, Litecoin and other cryptocurrencies. Learn more !

Which is the Best Cryptocurrency Trading Bot

The Cryptocurrency Trading Bot eliminates long hours of learning and mastering how the market operates. If all you want to do is to focus on things that matter to you or you don’t just want to get bored with all the technicalities of the cryptocurrency market, and still want to make some real profit increasing your cryptos then you should use the  Cryptocurrency Trading Bot. I specially recommend to Cryptohopper.

The bot works very good in combination with paid signals with free signals it’s much more a hit and miss, I believe because you get the signals too late and chances are you get stuck with bags. That said maybe it’s just because it’s hard to tell whether a signal is short or long term not all signallers mention this.

The Cryptohopper is a Cryptocurrency trading bot for buying and selling of Bitcoins and other alternative coins (altcoins) on autopilot. The Cryptohopper is programmed to detect the best time to place positions either to buy or sell. It scans the market for the lowest prices to place buy orders and sell when the trades have moved into considerable profits.

The Cryptocurrency Trading Bot eliminates long hours of learning and mastering how the market operates. Cryptohopper does all that for you with the help of few settings you fill in through its easy to use user interface.

The Cryptohopper can connect to your exchange platform and use the money in your wallet to trade without having to move them around, saving you time and also a few cents on transaction fees. With the help of API generated by your exchange, Cryptohopper bot can seamlessly integrate with your account, buying and selling in real time.

The exchanges currently supported by the Cryptohopper include:

  • Binance
  • Kraken
  • Polonies
  • Bittrex
  • Gdax and many more to come.

How Much It Costs To Use The Cryptohopper Trading Bot

No matter the plan you choose, you get to use the Cryptohopper Cryptocurrency Trading Bot for your first month FREE! Afterwards, you can always pay your subscription for subsequent months from the profit you made from the previous month.

With a payment of $19 per month, the bot can open up to 80 buys and sell positions on any 15 cryptocurrencies of your choice. With this plan, the trading bot scans the market every 10 minutes for the best opportunities.

49$ per month can give you a better result. The bot can place up to 200 buy and sell positions on your behave. It allows you trade up to 50 cryptocurrency coins of your choice. Here, scans for best opportunities are done every 5 minutes.

Lastly, you get to open up to 500 positions on any 75 cryptocurrencies of your choice depending on what’s tradeable on your exchange. You get this for just $99 monthly. This plan scans and places trades at 2 minutes intervals.

The Cryptohopper does not guarantee you any specific amount to be made over a period, but it does assure you can make a good return if you can hold your trades and not panic if it goes the other way round. To get the best use of this service, you will need to interact with other users on their forum where you get to gain better knowledge on how to configure the Cryptohopper correctly for maximum profit.

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