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Bitcoin Blog a1

Tuesday, May 26, 2020

CRYPTO MINING | Get Rich or Die Buying #1



A great video on Cryptomining. I get questions all the time about mining, people asking if it is a good way to make money. Well, there definitely had its moments and it might again some day. But for now, I don't think I will be doing any mining anytime soon.

Friday, February 7, 2020

Volatility and market manipulation in cryptocurrency

This is a guest post, who would like to remain unnamed.

"Currently, there is no uniform international approach to Bitcoin and its legality will depend on where in the world that you reside. However, as gain more experience and knowledge about Bitcoin, and the cryptocurrency industry in general, it is likely that at least a certain minimum level of regulation will come into place in the vast majority of countries."
--Andrew Norri, Blockonomi


In recent weeks Bitcoin’s price has been steadily climbing. It’s not the kind of rally as seen at the end of 2017--where investors were made millionaires practically overnight; but anyone with a sizable investment in the cryptocurrency has definitely been seeing some respectable gains. However, the market hasn’t seen such an enormous shift in price since; which--unbeknownst to newcomers--harkens to the overall unpredictable nature of cryptocurrencies. Bitcoin may appear to be a lucrative investment from afar, promising huge returns over a short period. But that doesn’t take into consideration the factors driving the market, and the unspoken language seemingly governing its market trends. No--not the source codes (or white papers) underpinning blockchain’s technology--but the actual prime movers of the market, constructing the illusion of its alluring appeal.

A lack of general consensus on Bitcoin's regulation might be one of the challenges slowing down its mass-adoption, with cryptocurrency still being somewhat in its infancy. There is still plenty to learn about the industry and the implementation of blockchain. However, crypto isn't some rogue economy where there will be a rally every time someone sneezes (Or is it?). One could maintain that the vast majority of bull runs seen in Bitcoin's history were due to market manipulation. All the more reason to set a minimum level of regulation. So why is Bitcoin so volatile? Generally speaking, this dynamic is sometimes hinged on the confidence of investors; ie. Will geopolitical events and news headlines discourage investors, producing a widespread sell-off? Other factors to consider include the risks imposed by holders of larger proportions of the currency or the uncertainty of Bitcoins future and store of value.

The news plays an influential role in guiding the market. It’s no secret that those seeking to manipulate investors would use this to their advantage. Rumors of regulation, exchanges being hacked, fakeouts after slow and meticulous nail-biting rollouts (Verge)--you name it. Crypto has seen it all, to the detriment of wide-eyed investors. The bankruptcy of crypto exchange Mt. Gox back in 2014 is one example of how the news can negatively affect the market. Inversely, great news is likely to spur interest as more investors would buy into Bitcoin resulting in the price to climb. Bitcoin’s low liquidity can also cause price fluctuations whenever holders of larger proportions (upwards 10 million) seek to liquidate their position (Nathan Reiff, investopedia). None of these factors account for the purely technical aspects of crypto that are influencing the market as it stabilizes and matures. 

Monday, November 18, 2019

The State of Facuets


Recently, one of my favorite faucets, https://freedoge.co.in/ shut down.

The site gives the following explanation:

As of today, the Free Dogecoin Giveaway on FreeDoge.co.in is shutting down.
We've always viewed this giveaway as a means of giving back to the community, however, we're compelled to discontinue the service due to large-scale account abuse on the part of some errant users. We know it's unfair to the rest who have been amazing members of this community, but unfortunately, we have to take this step. We do not have the resources to fight back against this abuse since most of our time is spent on managing FreeBitco.in.
Also, we will eventually shut down the Multiply Doge section as well. Nevertheless, for now, paid and deposit plays won't be affected and will keep running as usual. Thank you for participating and making the Free Dogecoin Giveaway the success that it was, and we hope we can keep making this remarkable community bigger and better.
P.S.: The bitcoin faucet on our sister site FreeBitco.in is still going strong, and we're giving away up to $200 in Free BTC every hour. We'll be adding an option which would allow you to link your FreeDoge.co.in to your FreeBitco.in account, redirecting referral traffic accordingly. You can head over to FreeBitco.in to sign up and enjoy these benefits.



This is really a shame, as this was one of my favorite faucets. Additionally though, I think it makes me more nervous about the sister site, https://freebitco.in which I still use, and get some interest from.

And while I also have newer faucets at BTCPOP and TradeSatoshi, the earnings just haven’t been as good as they have been back in the day. My early use of faucets when bitcoin was less than $1k really paid off. Sure, I was only getting pennies at the time, but once bitcoin exploded, it actually became worth something. I think faucets right now are kind of a waste of time, At the same time though, if bitcoin does really take off again, faucet activity might be worth it.


If you do think bitcoin will explode again, check out the faucets I mentioned above. Or my faucets tab.

Wednesday, October 16, 2019

Blog status update

A few months ago, I announced that BTC plus was going to have less content in the near future. I think this point was discounted due to the fact that a decent amount of content was in fact made for the blog in the following months. Well, the time has finally come that the content well has run dry. I don't have any new plans for the blog right now and I am all out of content. If you do have content you would like to have covered, comment below and I may still be able to help.

Also, I still have the audio content that is somewhat recent. Why not give both a listen. If more people comment and engage, I may create more in the future.

Wednesday, June 26, 2019

Libra Infographic

Everyone is talking about Libra. Well instead of write about it, how about you look at this gorgeous infographic created by MrBtc.org. I hope you enjoy!
Libra - Cryptocurrency By Facebook

Saturday, June 1, 2019

Buying Lodging with Crypto


With bitcoin’s price fluctuating so much lately, there has been more cryptocurrency news than normal, which in many ways is a great thing. As Crypto becomes more and more mainstream, more and more vendors start accepting it.

In the earlier days of bitcoin, it could be really hard to spend. Not many sites accepted it and it really was difficult to use as a currency. Well, bitcoin isn’t limited to a single pizza website with mediocre customer service or a few online retailers. Now there are many things you can buy with bitcoin. For example, now you can buy a burger with bitcoin. Or even more exciting, you can buy lodging. That’s right, a place to stay! The site is called Numundo, and you can book lodging and experiences across the world using 6 different cryptocurrencies: including Bitcoin, Ethereum, Dash, Dogecoin, Litecoin, and Monero. Also, some of the experiences don't even cost money. They even have searchable work-trades worldwide. It is all a very interesting platform. Check it out here!

Wednesday, May 22, 2019

Should I invest in Bitcoin?


As some of you might know, I started a podcast! Well in this episode I talk about bitcoin. Check it out!