By Paula Cas Join us Thursday, July 26th at 9pm EDT for the newest edition of Crypto And Then Some … hosted by Oro and Paula Cas.
By Oro Cas
If you’ve been part of the cryptocurrency trading market, you know it’s like riding a tornado. Mainstream financial talking heads have been snickering and predicting doomsday scenarios for Bitcoin, and its sister alt-coins since they stepped into the spotlight.
After a lot of hair pulling days with my own portfolio, I began the search for something that would give me a leg up on the chaos that surrounds cryptocurrency trading. An acquaintance introduced me to Unifii.
Not a novice at charts and patterns, I was skeptical with this new kid on the block that had not yet launched. Since their launch, the educational section of the Unifii website Prosperity U has taught this old dog a few new tricks. Combined with the Daily and Live Signals that alert a trader to possible buy and sell points have been useful in smoothing some of the bumps in my trading road.
I am not a professional, licensed financials advisor. I am simply sharing my personal experience with anyone that cares to read this post.
Today is a special day just like yesterday and last Sunday night. The reason the word “special” comes to mind is because Paula and I have brought something back to life from the past and it seems to function just as well today as when we put it in mothballs 3 years ago.
That something is KDCL Media, along with And Then Some Again Productions and it can mean only one thing.
The dust has been blown off of the virtual switchboard and we are producing all new Internet Radio shows again.
Today, in just over an hour, we will present our newest show called “Crypto and Then Some…” with a very special guest, Robyn Linn, along with two full hours of nothing but CRYPTO.
We will be covering Bitcoin, the Block Chain, and our experiences with it. Together with Robyn, we will be talking about a group of people who have assembled to take full advantage of the leadership included within the group as we all learn and earn our way to the top.
The link for today’s show is Crypto and Then Some… w/ special guest Robyn Linn and we offer a LIVE chatroom for discussion during the show so won’t you please join us for a very informative 2 hours.
Bitcoin is an increasingly popular cryptocurrency that utilizes blockchain technology to facilitate transactions. Basically, a user obtains a Bitcoin wallet that can be used for storing bitcoins and both sending and receiving of payments. The blockchain technology used by Bitcoin is really just a shared public ledger that is used by the entire public network. The technology used is secured through cryptography, a branch of mathematics that provides a highly secure means of facilitating and recording transactions on the network.
Bitcoin is the first cryptocurrency, a concept that was discussed in the late 90s. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list. The concept was presented by a person or group known as Satoshi Nakamoto. The real identity of Nakamoto has been a mystery since that time, with various theories on who the individual or group may be.
Bitcoin is in the very early stages of acceptance, and although it is already accepted as a means of payment by numerous merchants, it has yet to become more widely accepted and “mainstream.” This could change, however, as more and more users are attracted to cryptocurrencies for the various potential benefits they may provide. In fact, investors have been flocking to the currency in significant numbers, and some even feel that eventually Bitcoin and other cryptocurrencies could replace other traditional payment methods.
Benefits of Bitcoin
Bitcoin offers several important benefits to users. Some of the primary benefits of Bitcoin include:
- Low cost: Bitcoin may offer a lower-cost alternative to other traditional payment methods such as bank wires, ACH or credit card payments. For individuals or companies that need to transact regularly, these cost savings can add to substantially.
- Bitcoin is global: Using the Bitcoin network, payments can be sent or received anywhere in the world. Such payments may avoid expensive wire fees, and can also potentially eliminate the need to pay credit card foreign transaction fees.
- Bitcoin is fast: Transactions made using the Bitcoin network are fast, and settle quickly. This can eliminate the need to wait for clearance of funds which can sometimes exceed 14 days for checks or electronic transfers.
- Bitcoin is secure: One of the main principles behind the Bitcoin network is security. The blockchain technology is proving to be a very secure way to facilitate payments, and the decentralized nature of the network can also make t more secure.
- Decentralization: Bitcoin is decentralized-meaning it is not run or managed by any central authority. This can not only potentially provide added network security, but it can also promote network integrity.
- Bitcoin may react differently to inflation/deflation: Bitcoin differs significantly from fiat currencies, due to the fact that there is a limited number of bitcoins to be mined. Paper money, on the other hand, can be created at will out of thin air by central banks. Due to its limited supply, Bitcoin may potentially hold its value better than paper money, which can technically have an unlimited supply.
Bitcoin has become more widely traded as of 2017, and both short term traders and long-term investors are looking to participate in this exciting market. The price of bitcoin fluctuates on a daily basis, and can see some significant price volatility. Prices can be affected by numerous influences. Some of the possible drivers of price include: further acceptance, more exchanges opening, regulations, weakening paper currency values, inflation and more.
Charts can be a very useful tool for those looking to trade or invest in Bitcoin. Prices are available on numerous time frames, from as little as a minute to monthly or yearly charts. Short term traders may use shorter-term charts to try to profit from buying and selling of Bitcoin. Long-term investors may use charts to try to identify areas f support and resistance. When the market declines into support levels, investors may see that as a solid buying opportunity and look to buy Bitcoin on dips.
Charts can also be useful for spotting tradable technical patterns as well as potentially overbought or oversold conditions.
Bitcoin prices saw tremendous activity during 2017, rising several thousand percent over the year. The market has seen some volatility, although many of the dips seen in the cryptocurrency have thus far proven to be good buying opportunities. This trend may or may not continue, but given the outlook for Bitcoin and other cryptocurrencies, the trend could potentially remain higher for a long time to come.
While there is certainly the possibility of making short-term profits in Bitcoin, many market participants are viewing an investment in Bitcoin as a long-term play. If the cryptocurrency were to eventually become a favored form of global payment and remittance, there is no telling just how high prices could go. Some have even suggested that the price of Bitcoin could hit $50,000 in 2018 and eventually $1 million.
By Oro Cas
When Bitcoin first appeared, I was moderately curious, and placed it on my things to keep an eye on list. In 2016, my life slowed down, and I dug out that list. Bitcoin was ramping up, but I didn’t have the knowledge I needed. I began my journey to educate myself and perform my due diligence about the products and services that have sprouted up around this infant market.
We started out in the field of lending platforms. The one aspect of those that gave me the most pause was I didn’t have control of my money for a certain amount of time. It was also the aspect that came back to bite us after our initial success.
There is a storm in progress. This storm started in 2007 when Satoshi Nakamoto came up with the idea for Bitcoin.
In 2010 a guy paid for his pizza using Bitcoin to become the first person to make a Bitcoin transaction for an everyday product. The pizza cost around 10,000 Bitcoin. Do the math for an average priced pizza at that time and you find that one dollar bought you a lot of Bitcoin.
How much would you pay for the same pizza today with Bitcoin closing in on $15,000. per coin? Easy… it would be a pizza worth 1.5 million dollars. All in less than seven years.
The good news is no matter how high the price of Bitcoin goes the opportunity to take a small amount of money and turn it into a very comfortable retirement account or more is still the same today as it was when 1 BTC cost less than a dollar. The “why” part of that statement would take a while to explain but it has to do with the numerous new coins being produced on a weekly basis.
On one hand this is a good thing but on the other hand it is bad.
Lots of new coins, exchanges, groups, and clubs springing up and some are worth while to study and get involved with and others are nothing more than a scam.
I have very little experience in doing coin deals but what I do have is a brain that works like a sponge to water. I have spent upwards of 300 hours study time on the entire subject without spending a dime on coins.
Like anything new, there is a learning curve and those who are willing to learn the details are being rewarded with life changing money that is recurring on a weekly basis.
When I was introduced to MLM and network marketing in the mid 90’s I learned a lot about marketing and also attitude but the most important lesson I learned was if you want to be successful in something new you find the people who are already making it work and you copy what they are doing.
It worked in mlm and it is also working with “coinage mining”.
Personally I am somewhere in the middle of that curve as I absorb as much about coinage as possible. Things are about to get interesting next month when coinage is introduced to the futures market. There are different opinions about the effect this will have on both coinage and the markets and only time will tell but if you are already gambling on coinage and understand how they work then I believe there will be huge gains to be made over the long haul.
It is funny to watch all the so called experts on the financial TV shows like CNBC and Fox Business as they talk about Bitcoin as if it is a stock pick or a bubble. It makes me wonder if they are really that ignorant or if they are being told to downplay it on purpose. Either way it seems the topic of coinage has gone from being mentioned once or twice a week to being an everyday subject. The same is true on the internet on sites that used to be against it that are now touting it as the next great thing.
I started a private Facebook group on the subject which you can find here …The CC Club . Even though it is a new group we have attracted quite a few very knowledgeable people and been introduced to a plethora of great information along with a few good opportunities to be involved in a group setting. More people = more profits for everyone.
I am excited about the future of coinage and look forward to the possibility of creating life changing wealth in a short period of time.