Thailand based Swiss Investor, Marc Faber bought his first Bitcoin after admitting that he was very wrong about cryptocurrencies and blockchain technology. His premier interest of investment is emerging and frontier markets. One of the
Digital Asset Financial Exchange is a Chinese cryptocurrency exchange with its headquarters in Singapore. The exchange is owned by the company DigiFinex Ltd which is incorporated in Seychelles and exclusively caters to the Asian market. The exchange has risen to the radar of the online cryptocurrency community due to its heavy trading volumes that exceed $400 million daily, coming into stiff competition with Binance, which has dominated the exchange market for a while now.
This is no mean feat considering that there are over 500 active crypto exchanges worldwide with a user base of more than 34 million crypto wallet holders. DigiFinex was incorporated in 2017 and have astonishingly managed to establish themselves as a trusted digital exchange. Apart from trading their own coin, DigiFinex coin, DFT, the exchange provides trading services for many blockchain based assets, including recently launched Gemini dollar.
The DFT token is an ERC-20 token based on Ethereum smart contract system, with a liquidity value of $2.1 billion according to CoinMarketCap. One of the reasons why the volume on this platform is so high is that the company’s client base is strictly in Asia, which contributes to the bulk of daily cryptocurrency and digital asset trading more than anywhere else in the world. DigiFinex has a special quality in that its customer protection is its paramount selling point.
Annual audits are conducted by investors, in addition to the fact that the exchange company is one of the few that are SOA audit certified. So far, the company is yet to be subjected to a single security breach event. DigiFinex founder Ned Kee also stated that the company does not delve its resources into marketing but instead the bulk of their budget is spent on security and performing identity verification according to KYC requirements.
This is not only towards their clients but also their listing policy is very strict for interested parties that intend to list their projects on DigiFinex. The potential projects undergo a vigorous verification process which is then submitted for voting and cooperating. In a nutshell, the voting process is based on the volumes of the proposed token to be listed. As such, the token is run for a five day trial and if the trading volume drops below 200,000 CNY per day, it is promptly delisted. This policy is also applied to assets that have lost 90% of their initial valuation.
Another feature of the exchange platform is its real time accounting and transaction processing service. This is the case for single wallet users or multi-layer wallet holders, which is enviable considering the collective different signature addresses. It is probably for this reason that their trading costs are a little friendlier than most crypto exchanges. It charges a standard fee of 0.20% competing with the 0.25% industry average. On Binance, there is a 25% on all fees paid in the DFT token.
DigiFinex also provides a reward system for trading with their native DFT token. Rewards can be obtained when a user locks the tokens and completes specific trading amounts. It also supports 149 trading pairs like BTC/USDT, BCH/USDT, LTC/USDT, ETH/USDT and many more. The trading model is very similar to that displayed on Binance, including the rewards system which depends on the volume of trading accumulated between makers and takers over a 30 day period.
In 2018, the company launched a limited period DFT mining exercise that lasted from April to August 21st. the mining exercise practically catapulted the company from 50th position to 11th in a few months. The reason they halted mining was so as to prevent an overflow of DFT which would lead to a decrease in value, which was a smart move in my opinion.
However, the exchange is not all rosy as there are a few limitations that I need to point out:
What are your thoughts?
The Aerum ecosystem is presented to the crypto sector with a platform for the disruption of the sector. In itself, it resembles the increasingly common Hubs. A Hub is a space (virtual or physical) where entrepreneurs come together creating synergies. Their influence is, sometimes, so great that they convert in favor of optimizing the usual model of the sector; see both in its complete remodeling and digital replicas. This creates new paradigms in traditional sectors and opens the door to new sectors due to the great innovation that community work brings. It can be said that it offers a variety of options in most cases. And it can become a turning point for businesses with great possibilities of disappearing due to the obsolescence of their service.
The launch proposal consists of providing a complete infrastructure for financial applications without permission (free participation). These applications can serve a decentralized economy, with transactions in real time and free for consumers. At the same time, the whitepaper talks about “an almost unlimited scalability”.
It has been corroborated in recent years that scalability is a problem in the long term for moments of maximum participation in the network. Aerum offers a service platform ready to launch financial markets, prediction markets, gaming ecosystems through its unique offer of tokens, and more details to unveil. However, Aerum plans to become the number one platform based on Ethereum. It is not an easy challenge and will require giving the best of themselves by every member of the team.
The provision described by the project says that its participants can achieve virtually unlimited scalability. This would happen through the construction of decentralized sidechains networks. All this is due to the high performance of Aerum and the low costs, both of the ecosystem for creation or emission of markets, and of current use for users.
The goal of Aerum is not to compete with Ethereum, the giant that occupies the Top 2 of Coinmarketcap. In a different approach to competing, complementing Ethereum as a high performance dApp platform with decentralized management is the premise. Instead of a single-operator Plasma side chain. Meaning a symbiosis in the field of market creation and decentralized use cases.
Since the crypto market began its gradual decline, the list of competitors with Ethereum continues to grow. However, this complementation approach preserves the competitive spirit while creating synergy between the platforms. The Aerum roadmap includes the creation of a high-performance cross-chain DEX. So the options to interoperate are a reality. Another striking aspect is the creation of a cross-chain token payment protocol. Without a doubt, a project to take into account. It must be said that the Aerum team has not hesitated to take into account the atomic swaps.
Throughout 2018, the demand of investors combined with a bear market was a time bomb for ICOs. It could be noticed in the activity and volumes. A small percentage of the projects launched in the first half of 2018 reveals that the correction reached each area of the sector. In the ICO model of Aerum, a division by phases or stages is appreciated. During these phases, the incentives to participate as an early adopter are gradually reduced. At the moment of the creation of the article, 4,122,639 dollars of investment in XRM tokens (Erc20) are calculated. Exceeding in a comfortable way the 3 million euros of Soft Cap (minimum collection required in order to continue with normality).
The process, which surpassed the equator of the initial sale phase weeks ago, presents some enviable numbers. The total of initial acquisition phases is 12 (of which 9 have ended). The final stage closes the ICO at a price of 0.4 ETH per 1000 XRM. It would not be surprising that it ends up reaching the Hard Cap (maximum collection). We share here a table of available bonds to reward the strong investments:
To date, each objective has been rigorously met within its stipulated period. The token can be purchased in two reputable exchanges: Latoken and ExMarkets. In the coming days, the launch of the Mainnet network will be a reality, including the implementations mentioned below:
The system described in the whitepaper facilitates transfers of tokens in a secure environment (including atomic on-chain and off-chain swaps). Therefore, a highly decentralized consensus algorithm, decentralized token exchange, software integration toolkit (fully developed for users / merchants), decentralized applications (dApps), marketplace and various liquidity providers. A complete service that will give a lot to talk about. With Aerum, any company can build a reliable, scalable and decentralized blockchain solution quickly and easily.
In the second part of the year it is estimated to have reached the third implementation of Ortus (version Ortus 1.3.0). With the third implementation, the function that has seemed most interesting is integrated, PetalChains. In short, a turnkey solution of unique scaling for Aerum. This type of scaling allows delegates to launch chains designed to scale even further. After said scaling the performance of the applications rises sharply; up to figures close to 100,000 transactions per second.
Aerum provides an entire ecosystem designed to meet the growth of the next waves of adoption. The use of Aerum PetalChains, a multi-chain escalation solution in combination with atomic exchanges, guarantees revolutionary improvements compared to transactions in the Ethereum network. For technical and ethical reasons, for a large part of the sector it is vital to maintain P2P financial interactions. It is a surprise the choice of configuration, with free transactions in real time, building a highly decentralized platform. The intelligent contract protocol is optimized for tokenization and financial confidence.
– Aerum is a decentralized platform targeting enabling small and medium size businesses to build Fintech solutions, tokenize their economies and reward programs, enabling P2P markets.
– Aerum team developed a blockchain protocol that offers free transactions to consumer in a real-time fashion, provides stable performance and high throughput (above 800 transactions per second measured) to business participants for building dependable systems.
– Aerum had developed a cross-chain Proof-of-Stake consensus protocol with economic model built to incentivize business application owners to become Validators on the network and get access to free transaction execution to subsidize transaction costs for their customers.
– Aerum protocol is governed and powered by XRM ERC20 token, used to stake the network though use with Aerum’s governance smart contracts on Ethereum mainnet, there are 1 billion XRM tokens minted and no more can be created.
– Aerum is launching an Aerum blockchain mainnet Ortus 1.0 with its selected partners on March 20th 2019 with a firm goal to implement a first protocol upgrade ahead of schedule, by the end of April 2019, which will add important key protocol elements to the mainnet Ortus 1.1, such as: Masternodes, Aerum Hearbeat protocol, Aerum TrueChain (nothing at stake/forking attack prevention) and Stake Reward facility.
– Stake Reward Facility launching with Ortus 1.1 will be loaded with over 30% of minted tokens that will be distributed on the weekly basis to all network staking participants on pro-rata principle at rate of 0.5% of remaining tokens per week, starting with 1,500,000 XRM tokens first week of May 2019.
– Aerum is preparing to launch a B2B Cloud Blockchain company focusing on providing commercial integration, maintenance and SLA blockchain service provisioning to business participants to speed up the real business case adoption starting with its already impressive partners portfolio.
– Aerum token XRM is currently offered to purchase on LATOKEN and Exmarket launchpads until April 1st 2019, when the full trading will go live and token offering stops.
Web – https://aerum.com/en
Whitepaper – https://aerum.com/en/white-paper
Bitcointalk – https://bitcointalk.org/index.php?topic=5039141.0
Reddit – https://www.reddit.com/r/aerum
Aerum Telegram – https://t.me/aerum_official
Due to the increasing popularity of decentralized exchanges, many exchanges like EtherMium aim to offer more features than your standard DEX. With so many “non-feature rich” decentralized exchanges like EtherDelta and IDEX, which provide a very limited amount of features, EtherMium’s primary goal is to allow the same features found on a centralized exchanges within a decentralized platform, thus creating the best possible decentralized exchange available.
Like most other decentralized exchanges, they don’t require KYC from their users. You’ll also be allowed to trade within seconds of registering. The company is getting ready to launch their options trading solution as well as allowing the opportunity to invest in ICOs within their decentralized platform.
Regarding safety, Ethermium never holds any of their customer’s funds. These funds stay within their corresponding smart contracts, which if you’re not familiar with, act as independent programmable bank accounts. Due to this technology, customers are able to manage their funds independently without exchange owner intervention.
Regarding cryptocurrency selection, EtherMium offers a wide range of Ethereum ERC20 tokens that can be traded at any given moment. In the near future, the company plans on launching a derivative trading solution which makes it possible to trade non-Ethereum cryptocurrencies (Bitcoin, Ripple, Litecoin, etc) with up to 10X leverage.
EtherMium will also allow the trading of real world assets like commodities, company stocks, and indices. The company believes that a decentralized futures trading platform with the ability to leverage trades, will revolutionize the DEX trading world forever.
Last but not least, EtherMium plans to offer the ability to invest in ICOs while taking advantage of their security, anonymity, and decentralization.
First of all, the company makes it very quick and simple to start trading due to its decentralized nature. No longer do you need to register or complete KYC requirements. Simply create a new Ethereum based wallet, deposit your Ethereum into it, and start trading in minutes.
As you can see from the screenshot below, the EtherMium trading screen is very well-designed. It offers more trading options than any other current decentralized trading platform like stop limits and market orders.
The platform also offers extremely competitive trading fees along with no withdrawal or deposit fees. Their current trading fee model allows market makers to trade with 0% fees while takers only pay 0.2%.
The most revolutionary feature EtherMium plans to release is the ability to trade leveraged futures on a decentralized platform. This is currently unheard of! This will allow investors to bet on the prices of certain assets including cryptocurrency, stocks, and other commodities.
The company currently plans on offering leverage up to 10X for starters, however this will most likely increase as the platform expands and gains more popularity. Their goal is to start leverage trading with available assets such as Bitcoin, Dash, Litecoin, and Monero. After such, they will deploy other trading channels with a focus on company stocks. After that, commodities will be added such as oil, gold, and other tradable assets.
Another noteworthy feature of EtherMium will be the ability to short an ICO. This is a feature that no other exchange can currently provide. This is yet another feature that will “game changing”, not only with decentralized exchanges, but within the crypto trading community.
EtherMium will soon release a mobile application which allows users to trade on any mobile application like Android and iOS devices.
EtherMium will most certainly change the way decentralized exchanges are perceived. Users will be able to secure their funds on smart contracts as well as the ability to trade other “non-cryptocurrency assets” you can’t currently find on other exchanges. With game changing features like DEX futures leverage trading and the ability to both invest in ICOs as well as short them, will undoubtedly create a frenzy of new users to their platform.
At the moment, the exchange currently has one of the most intuitively designed and easy to use decentralized trading platforms available today. With their soon to be released mobile app looking equally as appealing, I’m quite sure that the company will experience a flood of new traders that will look forward to trading on a decentralized exchange like they’ve never experienced before.
The air feels different during the autumn, which is around the corner here in the northern hemisphere. I must admit, I really enjoy walking down the street when it’s covered in colorful leaves. Can’t really say why, but it has always been one of those guilty pleasures of mine.
Now, more than ever, due to the crypto-market seasonality, I’ve become passionate about this period.
For the bitcoin bull-season is about to begin.
Prices don’t lie and, from experience, bitcoin doesn’t usually stay this stable for such long periods. At the time of writing, bitcoin is still below the USD $7000 levels; nonetheless, if we take into account the contrarian rule for investing, as well as the dynamics of volume and volatility when aligned to a spike in general people’s interest, we may be able to predict a significant rise in bitcoin’s price.
The absolute truth is that we haven’t seen such low volatility in bitcoin since last year, just before the most epic bull-run in history begun.
Plus, I can’t deny my guts.
There’s definitely something peculiar in the air, no denying it.
Is it the smell of fresh cash? Could it be a false sense of hope as some predicted we haven’t reached the bottom?
Whatever happens, the next couple of weeks will make waves that will ripple throughout 2018.
Something big is coming, and I feel it’s now time to play your cards.
–This article isn’t financial advisement as it represents my personal opinion and views only. I have savings invested in cryptocurrency so take whatever I write with a grain of salt. Do not invest what you cannot afford to lose and always read as much as possible about a project before investing. Never forget: with great power, comes great responsibility. Being your own bank means you’re always responsible for your own money—
Mati Greenspan, Senior Market Analyst at eToro, just shared with us an amazing piece from the Economist released in 1988 (20 years ago), discussing the need for alternative sound-money like currencies, detached from governments and political ruling. The title was spectacular for its publishing time: “GET READY FOR A WORLD CURRENCY.”
Sadly, it seems most 21st century economists have put that idea into the let’s-forget-about-that bucket; however, as of 2009 Satoshi Nakamoto made sure we could all benefit from a proper P2P digital permissionless world currency, limited by mathematical parameters which give it sound-money-like properties; and today here we are again, discussing when its value should sky-rocket, like that’s an absolute certainty.
The value of bitcoin is entangled to its massive store of value properties, as explained by Jimmy Song, long-time bitcoin developer and maximalist: the fact there’s a limited supply available, while it’s still easy to get and store makes bitcoin the perfect digital asset to use as money. However, nowadays it’s super straightforward to exchange and spend bitcoin, giving it unit of measurement properties as well.
To me, this is a joke. Look at the value of the global financial and assets market when compared to cryptocurrencies. If bitcoin is now worth about USD$115 billion, that simply means when 10 percent of all wealth shifts from stocks and gold into bitcoin, there will be about 7-8 trillion dollars coming into the market.
If a couple of million dollars in volume have such an effect on the cryptocurrency market prices, can you imagine the impact a couple trillion will have? At some point, we gotta ask ourselves: can bitcoin really hit $100k? What about $1 million per bitcoin?
I honestly don’t see why not. Nonetheless, can the opposite also happen?
There are many factors which could potentially destroy the short-term price of all cryptocurrencies, such as bans, regulatory action, and price manipulation. However, in the long-run, no single entity can have such an impact on bitcoin’s price, as the more people who purchase bitcoin, the more distributed it gets. Right now, if you hold about 0.1 bitcoin, you are part of the top 1 percent who can ever own that much. This is, assuming in the future everyone owns just a tiny bit of bitcoin, due to the 21 million supply upper limit, 0.1 bitcoin becomes the necessary amount threshold to be part of the top 1 percent people in the world with the most bitcoin.
Looking at the market through optimistic lenses, I truly believe sooner or later the price of bitcoin will explode. That’s what history tells us, plus, in the long, long-term I personally don’t think any fiat-currency will ever be able to compete with bitcoin’s sound-money logic.
I’m usually quite patient and try not spread FUD or FOMO; however, it seems the “planets” are aligning, and we might soon experience a bull run like last year’s.
That alignment can be represented by a couple of historical factors, which have been connected to huge bullish seasons; from seasonality to people’s overall interest in cryptocurrency and powerful TA indicators, there are common grounds for a huge price swing. Let’s discuss them below.
The core argument for most people, why bitcoin’s price is about to moon, is linked to the crypto-market seasonality; this is, during the last quarter of the year there seems to be a sudden spike in cryptocurrency prices. It has happened a couple times in the past like from 2013 -> 2014, 2015 -> 2016, 2016 -> 2017 and, finally last year, from 2017 -> 2018.
If we take into account mathematics and the theory of probability, looking at the past 5 years, there’s only a 20 percent chance bitcoin’s price won’t rise; that is, since 2013 to 2018 bitcoin’s price skyrocketed 4 out 5 times.
I mean, those odds are pretty great.
Should we ignore them? Is there some other factor correlated to bitcoin’s price we cannot foresee? Some “randomness,” per se, linked to the price, we cannot comprehend?
One thing’s for sure: the number of people looking up bitcoin seems to be directly correlated to its price. This is, whenever bitcoin’s price goes up, people go crazy and start looking up bitcoin on google. That’s also a trait of dumb-money, to become interested in an asset after the price skyrockets. What’s the purpose of investing if you’re already sure you’re haven’t caught the bottom or at least a nice price-level that lowers your risk?
That’s the role of smart-money: whales, financial institutions, funds, and whatnot, decide when the price goes up by purchasing directly in the market. If you’re looking to lower your risk, try to buy bitcoin when people’s interest is at its lowest, as historically this is when prices are at their lowest levels too.
If you’re looking to widen your knowledge on how social media predicts bitcoin’s price, you can read this great paper published in 2015, which aims at answering just that. Another report from Business Insider published in late 2017 also came to the same conclusion, that prices and Google searches were highly correlated.
To most of you, this is what matters the most, right? Good old price analysis, the purest form of technical analysis there is.
As this is not my field of expertise, I’ll be borrowing knowledge from some experts like Mati Greenspan, Alessio Rastani, Datadash, and SunnyDecree. There’s plenty of others you can follow on YouTube, Medium or Twitter, but these are some of my preferred analysts!
The overall sentiment is that we should expect something big to come in the next couple of weeks. There’s an array of factors which contribute to their stance, and I too believe, most are logical and corroborate our previous analysis of seasonality and people’s interest in points 1 and 2 respectively.
What is the Bitcoin Price Telling Us?
For the past few weeks, volatility has been at its lowest levels since 2016. That means price swings are very unlikely to happen, as long as volume stays low.
Although you might think the outlook is that of a bearish market, one thing we need to understand is that tipping points happen whenever you’re not expecting them.
Currently, bitcoin is clearly oversold. The fact there’s not much interest in trading bitcoin (look at volume) also means price swings are very unlikely to happen (look at volatility). Both factors aligned with people not being interested in bitcoin (point 2) shows a very pessimist view.
However, this was the exact outlook of the cryptocurrency market immediately before every major bull-run. Just look at last year’s!
Now, to enter a proper bull-run, a few check-boxes need ticking, as our dear TA experts point out:
We can obviously infer that a price increase will lead people to regain interest in bitcoin and start purchasing again due to FOMO.
If a bull-run is about to come that would be a great indicator of the current bitcoin seasonality, which may soon be gone, as the more cash enters the cryptocurrencies market, the less impact one single dollar has on the overall price.
Meaning, the higher the overall volume and the more distributed it is, the less likely manipulation of bitcoin prices is to happen, making it a more stable medium of exchange.
Is the bullish season open for business? No one really knows. Looking at different indicators seems to point in that direction.
The only thing we ought to do is to wait patiently and see.
If you’re looking to learn more about different cryptocurrency projects, check this article.
With the explosion of cryptocurrency, more online gamblers have demanded that casinos open up their spending options to this new digital asset, which seems to be a “perfect match” for these type of platforms.
FortuneJack is one of those platforms that not only accepts crypto, but gives you rewards for using it (we’ll cover more on that later). This extremely popular online casino caters “primarily” towards the crypto industry. With a wide selection of games, deposit bonuses, and a loyalty club where you can earn up to 20% cash back, there’s no dispute as to who is the true “king of the crypto casino”.
FortuneJack is also toted as the biggest Bitcoin gambling site on the internet. At the moment, it has a total jackpot of over 202 BTC with nearly 19 million individual bets placed. With almost more benefits than games, the platform’s latest “Booster Pack” promo package, ensures that new users have an incredible opportunity to make a small fortune while simply learning the ropes of the platform.
So let’s start off this review on the right foot and cover a few of the specials that FortuneJack has to offer.
Welcome Pack Special – the casino offers one of the best free specials for new players we have seen to date. You don’t have to put a deposit down and you’ll get 25 spins just for registering on the site.
Deposit Bonus – If you want to actually make a deposit, FortuneJack is offering a 110% bonus deposit (as long as the deposit doesn’t exceed 1.5 BTC). They’re also offering 250 free spins as a little “icing on the cake”.
Wednesday Low House Edge – This is probably one of the more unique offers out there. On Wednesdays, they have a special day called “Dive Day” where the house edge is only 0.7%.
Cash Back – They offer a 20% monthly cash back for everything you lose on the site, which is unheard of for most gambling sites.
One of the many great aspects to FortuneJack is how easy they make the sign-up process. This is an important component I tend to look for when reviewing any gambling site, as most make it more complicated than it should be. The team over at FortuneJack, has made it extremely accommodating for new users as it’s as easy as clicking the “Join Now” button and filling out a small registration form, in order to be up and running almost instantly. With no deposit requirements for new members, you can get started right away with little to no risk.
Another area where FortuneJack stands out above the rest of the competition is the fact that they introduce so many really great promotional offers on a weekly basis. The company also does a lot of holiday promotions, even for dates like Black Friday and Christmas. You can view their most recent promotions by clicking here. There are some promos that other sites would never even consider, like giving new users free play credits without a required deposit.
FortuneJack has always gone above and beyond your typical online casino when it comes to offering a wide selection of games to choose from (many of them are live which adds to the excitement of playing).
For example, they have nearly 900 slot games alone with cool graphics and animations like the Greedy Goblins, which is one of the crowd favorites and is only available on FortuneJack. Some of the other games include Tesla, Frozen Diamonds, Super-Fast Hot Hot, Booming Bananas, Lucky Seven, Rock’s Revenge, Billyonaire, Big Panda and a lot more. Those are just some of the most popular slot games on the site.
If you enjoy games that are a bit more random or luck based, you’ll want to head over to the lottery section and take a look over their vast selection of Keno games. We have to warn you though, Keno is one of the worst games you can play in terms of odds and this isn’t the fault of FortuneJack. The odds are inherently against you, no matter where you play. However, while composing this review, we found that FortuneJack has some pretty decent odds with regard to their bingo games, if you’re looking for a more “Keno style” gaming experience with better odds.
Many users enjoy the live casinos which can be categorized into 3 different categories.
Bet Games TV – these include games like dice, poker, wheel of fortune, lucky 7, lucky 5 and more.
XPro Gaming – you’ll find a lot of popular card games like different variations of poker, Texas Hold’em poker, Baccarat, Blackjack and if you’re tired of card games, head on over to the roulette table.
Evolution Gaming – this section includes many card games such as blackjack, baccarat and a vast array of poker variations.
One of the things I look for when reviewing an online casino is if the site is truly responsive. You’d be surprised at how many online gambling sites are not, or simply don’t fit within your mobile device properly. Every single website out there should be fully responsive. It’s 2018! We live in the mobile age, so for a reputable online gaming site to not be mobile responsive is pretty unprofessional. We’re happy to report that the site works very well on every single mobile device that’s been run through our list (iOS, Android, Opera, etc).
The user interface is very clean and tidy, so you won’t have to worry about annoying pop-up advertisements blocking your view. You won’t have to click off any unneeded elements that some online gambling portals like to include within their navigational interface.
Being that FortuneJack is a crypto casino, you won’t have to worry about absurd fees like PayPal or local bank fees because you can withdrawal directly to your BitGo account, which is something fairly new to FortuneJack. If you withdrawal 1 BTC or lower, then you won’t pay a fee on the withdrawal, but you’ll pay .1% on withdrawals over 1 BTC, which is a pretty low rate when you compare it to other cryptocurrency casinocs.
Some of the payout methods included are:
If there’s an area that we can feel confident about giving a 10/10 recommendation for, it’s that FortuneJack has absolutely the best customer service and support around. The casino has 3 main methods of contacting them. You can either:
They offer 24/7 customer support, so even if you’re playing at 5 AM, someone will be available to help you.
One of the best things about FortuneJack is their game selection, support, and incredible gaming odds. You can play nearly 1,500+ different games with a vast selection of live games to choose from. I’d give them a 10 out of 10 for their selection of games to play as well as the payout of those games. I found that they offer a high payout as compared to other online casinos (especially crypto gambling sites).
Their customer support is always available and ready to help at a moment’s notice. The fact that they offer a live chat support is a great benefit to offer their users as resolving issues as soon as they arise can quickly set your mind at ease. They don’t offer a telephone number for more personal support but their live chat is extremely fast, so we’d give them a solid 9/10 in this area, for most online gambling portals don’t tend to offer phone support.
As far as their payout and banking methods go, there are so many different options that no matter what currency you’re looking to cash out in via BitGo, they can accommodate, at least for all the popular ones. Payouts are quick and painless. The withdrawal fees are extremely minimal as we covered above. There substantially smaller than your typical online casino (and lower than most crypto casinos). Again, they get a solid 10/10 in this area.
The navigation and user interface is really clean, even if you’re playing on a mobile device, the entire site is completely responsive. I love everything about the overall design. You can tell that the graphic design and development departments for FortuneJack are top-notch. They get a solid 10/10 here too.
Regarding bonuses, the company offers a huge variety of specials and holiday promos. They also include a lot more bonuses for newcomers than most sites do, so we give them a solid 9 out of 10 with regard to this aspect of the business.
FortuneJack is one of the most acclaimed cryptocurrency casinos in the world and it’s easy to see why. I can recommend them without any hesitation and have never had any major complaints about them.
For a review on the Top 3 Online Bitcoin Gambling Sites, check out our detailed comparison here
In my latest couple of articles I’ve been kind of focused on Bitcoin and its underlying technology, the blockchain. I discussed the lightning network, why I see Bitcoin as the King of Kings and, of course, why so many people mistake blockchain for DLTs.
It’s time to take these articles one step further and look into different technologies and projects.
I’m also going to completely ignore price for a while, as I’m not a professional trader (nor investor), and I know technology and price rarely come hand-to-hand.
Also, I’m going to assume a great deal of you have lost during the last couple of months, so I’m going to give you my rather positive outlook for the medium-term and why this technology is unstoppable; meaning, if you hodl your crypto, you’ll eventually see some profits.
Unless you mistakenly invested in absolutely shitty ICOs.
If that’s the case, just do like a proper ship captain would: accept the outcome and go down with it. It’s pointless to sell an asset that’s +90% devalued. If you disagree, repeat after me:
I tend to see market cycles as mini-bubbles, constantly growing and then exploding, which gives me enough confidence to understand the reality of things is rather generous: if you do follow the above rules, independently of the moment in time you have invested in, there’s a high chance you can still profit from your bags. Just hang on to them a little longer. Some expert crypto-traders agree there could be a rally during October, which could potentially last until the end of the year. Will this be the case? Prices’ history does not repeat itself, but we can surely learn valuable lessons from it.
Now, to the good part.
As I’ve previously pointed out, some main concerns of people involved in crypto-trading and investing seem to be about scalability and user adoption. Of course, as the two issues remind us of the chicken and egg problem, we could argue: either some major cryptocurrency like Bitcoin or Ethereum scales due to a technological breakthrough, like the Lightning Network, PoS and sharding, or it goes the other way around and people adopt cryptocurrencies due to a number of different reasons, such as the actual need to use a decentralized, peer-to-peer, digital currency – think of Venezuela, Argentina, soon Brazil? – or the fact people like to speculate on highly unregulated markets (as it sort of allows anyone to do major manipulations and just gamble money away).
Both remain my top 2 choices, for the time being.
The first real bitcoin contender, as so many of you like to put it.
The playground of ICOs. The magic land of assets tokenization, where anything is possible.
I remember at some point people talking about the flippening, when Ethereum would surpass Bitcoin’s market valuation.
(and then you want me to think we behave rationally? Good lord)
Ethereum was the project that really drove my curiosity about cryptocurrencies. The first paper I actually digested was Ethereum’s; and, oh boy, did I like it!
The concept of tokenizing, virtually anything, made my feeble little brain explode with ideas. And I wasn’t alone, as the more I felt down the rabbit whole, the more projects I would find taking advantage of a new way to create value.
If you’ve been here long enough, you’ve heard about a million master-gurus saying something like:
Although I do enjoy thinking how wonderful it would be to have a decentralized world where all materials, products and things in general could be registered into a blockchain, I wonder “how useful would that really be?”.
I do not doubt there are projects in ethereum like Modum or Wabi, which aim at actually making a significant impact on how supply-chain management and distribution businesses operate (in terms of transparency, that is). Is it working? How far have they gotten? Is there a real need for these types of applications?
There are quite a few mixed opinions on the matter, but the truth is, success depends greatly on adoption; and adoption depends on either speculation or rewards.
A quick visit to WaBi’s website, for example, shows a business that registers milk-products onto an immutable and transparent ledger, so that citizens in China can feel safe about buying milk for their babies. This is actually a huge deal.
But, what about user rewards? Loyalty points, insurance schemes and other partnerships don’t seem the right way to go, according to some opinions. You might even ask if a blockchain is needed for that sort of rewards distribution. Does this company really need a token in their ecosystem?
If we are to live in a non-authoritarian system, then I see not one single currency, but a plurality of cryptocurrencies, behaving differently according to its proposed intentions. You can have assets, some behaving like stock (paying dividends and such), others giving its users the power to vote within a given community, or even allowing people to register information (land? deeds? In-game items?) representing a physical or virtual asset. Whatever end-result you want to achieve if you can do it through decentralization, by giving a proper incentive to your user base, isn’t that what matters?
It’s a win-win scenario. The more companies compete to provide better incentives, the merrier. There are more twists and turns around the proper application of rewards and their ultimate effectiveness, yet, the underlying hypothesis of decentralization and community-driven collaboration is on the assumption the more you give, the more you receive: it has been discovered, apparently, we are not single-minded beings focusing simply on our well-being and maximizing our utility; at least not one hundred percent of the time. Nor we base our decision-making process on rational thoughts.
If by using some application (like sharing resources) I can now easily receive rewards, loyalty points in the form of tokens, and I can also trade those assets for one another who’s to dictate what the real value of anything is?
To answer the question of Ethereum’s real value (and utility), as a medium to create and exchange value, we need to first understand the goal of its currency.
Recently, an article arised around the usefulness of Ether. The gist of the whole thing was that the Ethereum network should allow for different tokens to be accepted to pay for gas, which would undermine the need for a native currency.
I admit, at first i saw it as nonsense. Why would anyone want to accept erc20 tokens? They’re just a mask on top of ether, using its core functionalities. In my mind I’ve always seen Ethereum as a framework, or a toolkit, allowing developers to create products on top of a decentralized network. Of course we’re still in its infancy, and due to the “lack” of perceived progress, people tend to come out with strong-minded arguments on the value of things. I remember the exact same line of argumentation when the colored bitcoin update was being discussed.
Still, isn’t the author’s critique valid? What is the value of Ether, if there isn’t a need to pay fees with the network’s appointed currency?
If we all choose to not use Ether and instead some ERC20/223/etc token, while at the same time miners also accept those tokens as a payment for including a certain transaction into a block, then there is no purpose for Ether (except if people still want to use it).
As Vitalik puts it:
In Ethereum as it presently exists, this is absolutely true, and in fact, if Ethereum were not to change, all parts of the author’s argument (except the part about proof of stake, which would not even apply to Ethereum as it is today) would be correct.
Ether’s current value is to secure the network. In the long-term, when Casper, sharding and atomic swaps are all in place, then I see no reason for people to be subjugated to using Ether to pay for gas fees. Let them use whatever cryptocurrency they want.
The purpose of Ether is to pay block creators for helping us reach consensus. Hence, even if we allow users to pay fees with tokens, miners will receive block rewards in eth. Which they will need to sell to convert into btc, usd, etc. If there are no buyers, then what happens to the price?
It goes down the sink. And no miner/staker (when PoS arrives) wants to hold a devalued asset. We would then have to allow for multiple tokens to be awarded to miners for creating blocks, as well.
This whole idea seems way too troublesome, to be honest. Why wasting time complicating everything? If there is pressure from both the user and miner communities to allow for other tokens to be paid as gas, then the development team should probably heed the call. Even though my gut tells me the likelihood of said proposal having a devious intent would be great, in fact.
Until then, why bother?
At the end, what do you do with that kind of information? I mean, if that happens to Ether because people prefer to use tokens, then so be it.
Isn’t that the purpose of decentralization? To allow people to chose?
At the same time, I would argue there are few too users who actually care about tokens or dapps.
A mandatory metric for success, as we’ve seen above, is user adoption.
That’s not the case for Dapps, at least during the time of writing.
Just by looking at dappradar, a website focused on showing statistics about decentralized applications, we clearly see there isn’t much adoption yet.
Meaning, although I absolutely agree with the author’s concern, it seems a tiny bit too soon to jump into any sort of conclusions.
Some takeaways from an amazing data scientist are:
Even my project’s website, Bityond, gets more hits per day than some of these dapps. Why are we so hasty to pass on judgement?
I would think if users are rewarded their incentive would be to participate in as many networks as possible. Hence, crypto-projects might not necessarily be competing for users; there’s loads of room for Ethereum, EOS, IOTA, NEO and others to grow without trying to slam down competition.
There should be little room for maximalism of any kind, as it defeats the purpose of innovation.
Be classy, ladies and gentleman. We’re all on the same boat whether you like it or not. Don’t bash each other’s projects. That adds little value to the community.
I know price action is the major roadblock for adoption; but the underlying values Ethereum holds and the constant development being done on its EVM, keep me quite optimistic about this protocol.
This is how cycles behave. When smart-money comes back again and the rest of the herd follows, then we’ll see projects releasing better updates and more positive news coming around. Let us be patient and wait for the bearish cycle to end.
Projects that have no purpose will most likely go away and investors learn two important lesson:
A) companies take time to build and,
B) You’re likely to make some bad choices in your lifetime.
If you still need convincing about the seriousness of this protocol, and you happen to be a big data lover, check out this tool released by our dear friend google, which let’s you run big-data queries on the ethereum ledger. It’s absolutely awesome.
The purpose of making the Ethereum blockchain data accessible on Google Cloud is to make all data stored on the blockchain easily accessible. While Ethereum’s software contains APIs for functions that can be accessed randomly, such as checking wallet balances, the API endpoints are not easily accessible for all data stored on the blockchain.While API endpoints do not enable viewing blockchain data in aggregate, BigQuery’s OLAP features enable such analysis. The blog displayed a chart showing Ether transfers and transaction costs year to date, aggregated by day. Such visualization supports tasks like prioritizing changes in the Ethereum architecture, should an upgrade be needed.
I had to throw Stellar into the mix, as I really like how it works. Not only because I’ve played around with stellar labs and the documentation was incredibly detailed, but also because I think it’s a serious contender to Ethereum and Bitcoin – although it is more centralized from a governance’s perspective.
Not that stellar replaces any, as it clearly doesn’t, but it can be used as an alternative by institutions and corporations to access the power of blockchain and trade amongst themselves; at least for the time being.
The way the stellar blockchain works is that it reaches consensus through slightly different mechanics than proof-of-work – called Stellar Consensus Protocol. It simply builds on the Federated Byzantine agreement which brings open membership and decentralized control to Byzantine agreement = Anyone can join and vote for the Federated nodes.
FBA determines quorums, or groups of nodes sufficient to reach agreement, in a distributed way. Each node decides which others to trust. Different nodes don’t need to rely on the same combination of trusted participants to reach consensus.
In FBA, each participant knows of others it considers important. It waits for the vast majority of those others to agree on any transaction before considering the transaction settled. In turn, those important participants do not agree to the transaction until the participants they consider important agree as well, and so on. Eventually, enough of the network accepts a transaction that it becomes infeasible for an attacker to roll it back. Only then do any participants consider the transaction settled. FBA’s consensus can ensure the integrity of a financial network. Its decentralized control can spur organic growth.”
Parties who have nodes need to be identifiable, not users, and you chose which line of trust you want to enable. It’s not as decentralized as one would hope, but then again we can’t have it all. Rather, i still prefer Stellar’s openness and transparency to NEO’s – especially as the later is not censorship resistant.
As Stellar is a blockchain it needs a cryptocurrency; the Lumens (xlm),allow users to write transactions onto Stellar’s blockchain. These transactions also work as smart-contracts, in a sense you can create trust-lines to crowdfund a new asset (token) or release company shares, create bonds, or any many other types of financial instruments.
Stellar, as mentioned above, is nowhere close to being similar to Ethereum, or even bitcoin for that matter; a former fork from Ripple with a nicely tweaked consensus protocol and a set of huge corporations backing it up.
A great example of Stellar’s use-case is the partnership with Veridium Labs, in order to sell carbon offset tokens on the Stellar blockchain. Each company has a role here with Veridium setting up the structure and determining the value formula. Stellar acts as the digital ledger for the transactions and IBM will handle the nuts and bolts of the trade activity of buying, selling and managing the tokens.
Hope you’ve enjoyed this little piece on two of my preferred projects.
If you’re like me and hate giving up your credit card information to some of these potentially shady online casinos or live in the United States where dealing with online casino transactions can oftentimes be a difficult and painful process. That’s where Bitcoin casinos come into play.
Not only can you gamble with complete anonymity, but you can rest assured that your private information is not released to more nefarious sources, where your information (email, address, phone number) is released but your bank account and credit card information can be sold. Cryptocurrency is perfect for this sort of thing.
Now the only problem is, with so many Bitcoin gambling sites out there today, it’s easy to get lost in all the hype of some of the more “unscrupulous” portals. This is why I’ve composed an updated list of the very best and most noteworthy Bitcoin casinos on the net.
Whether you’re a total novice or experienced gambler, playing on the sites I listed for you below are not only beginner friendly but highly addictive.
To all my US residents…
You’ll realize how relatively aggravating it can be to send over bank wire transfers, while submitting several forms of ID (sometimes including billing statements), taking selfie’s like you’re a self proclaimed convict, to only have your online verification turned down.
Due to the overwhelming demand for bitcoin gambling sites, you can use your money and start enjoying a round of blackjack within a matter of minutes. For those of you more experienced gamblers who have gone through the same arduous process, you’ll really appreciate speed at which you can get started playing your favorite online casino games.
With the inclusion of blockchain technology and digital ledgers, online casinos can’t rob us blind like some of the more nefarious ones in the past as everything is recorded on blockchain. This enables players like yourself to check and see if the games are provably fair.
This is truly an amazing time for players who would like to get started playing their favorite casino games, quickly and easily, without all the troubles you have to go through from fiat based casinos.
If you’ve done any research as of late, you’ll realize there are quite a few “suspicious” Bitcoin gambling sites out there. However, there are only a few that are worth mentioning. Many of these casinos are plagued with programming errors, unfair game tactics, lack of customer support, and just look downright cheap.
I’ve created this review in order to clear out all the clutter and differentiate the portals that will stay honest and fair, so you don’t have to filter through all the nonsense I had to before finding a few that were worth their weight in gold.
Here is some of the criteria that I used to review each site…
Now that I’ve covered the basic requirements I use to review, let’s take a look at the top 5 Bitcoin gambling sites according to my personal analysis and user reviews.
FortuneJack was established in 2014 and is the most trusted Bitcoin casino out there. Not only are they provably fair , but they are also regulated by the Curacao government.
The online crypto casino is developed and maintained by Eastern Europe’s top software professionals. They offer the very best when it comes to a high-end, secure online gaming experience.
The developers at FortuneJack created this casino for both newcomers and veterans alike by designing a unique and carefree environment that would ensure consistent entertainment no matter what your gambling preferences might be.
It’s currently one of the most visited Bitcoin casinos to date.
The casino welcomes US gamers with over 720+ various games to play. One things for sure, you’ll never lack from the selection of games or suffer from boredom. If there’s anything bad that I can say about this casino is that they may have too many choices, which can be a bit overwhelming to novice players (34 blackjack variations, 19 live games, 900 slots, etc, etc).
With FortuneJack you can bring the online gaming experience to your smartphone as this casino is compatible with any iPhone, Android, and Windows based smartphone.
Deposits can be made through various cryptocurrency’s like Bitcoin, Ethereum, Bitcoin Cash, Monero, Zcash, Litecoin, Dash, and Dogecoin. Their list of acceptable cryptocurrencies is beyond what any other online Bitcoin casino offers at this time.
Your crypto deposits show up within minutes after a single confirmation. Payouts are processed in a few hours, but I’ve seen these show up as quickly as 30 minutes.
Your initial deposit gets a 100% match bonus up to 0.5 BTC and monthly reloads of 1 BTC.
The company includes a comprehensive online ticketing platform along with online chat. The also stay very active on their social media channels in case you like to get in touch with them there. You’ll even be provided with your own customer support rep as soon as you register.
One of the most updated, comprehensive, aesthetically pleasing Bitcoin gaining sites out there, FortuneJack offers a plethora of gaming options regardless of what your particular poison is.
The site navigation is extremely easy to use, with games that are categorized very well making it as straightforward as they come.
The casino has one of the most comprehensive game selections out of any online casino on the net today, let alone Bitcoin casinos. With your choice of live games, video games, betting games, casino games, lottery games, and many other subcategories of gaming experiences, you’ll undoubtedly never suffer from a variety of choices.
This was one of my personal favorite Bitcoin gambling sites as they simply offered everything that I could possibly look for within an online casino and make it very easy for you to get started. Their support was also top-notch and eager to please, making you feel right at home from the very get-go.
Another more established Bitcoin gambling site, BetChain was established in 2014, and was one of the pioneers to the online Bitcoin casino industry, when this phenomenon was relatively new. They recently decided to open their doors to other fiat currencies however the site is still widely regarded as one of the “early adopters” of the Bitcoin casino industry.
The company is also fully licensed by the laws and regulations of the Curacao government. Their security and anti-hack protocol is some of the best in the industry.
BetChain offers their newer players a nice welcome bonus. They now offer 100% welcome bonus up to 1 Bitcoin + 200 free spins. A minimum deposit of 0.05 BTC is required in order to qualify for this offer.
BetChain gives its players the chance to play using Bitcoin, Ethereum, Litecoin, and Dogecoin currencies. For those outside of the US, you can use both euros and the Russian ruble.
There is no minimum or maximum limits to deposit or withdrawal your funds. They even allow the ability to withdraw to other fiat currencies like the Euro and Russian ruble.
Withdrawals are typically subject to a 24 hour waiting period before processed. This is due to the fact that the casino employees employ a secure socket layer encryption system to ensure that all funds are protected from online threats.
The customer support over at BetChain has been fairly good. I never had to wait more than 24 hours for a response, however there has been a few negative reviews regarding lackluster support as well as wait times for verification.
Regardless if this is true or not, the casino has responded to these negative reviews with an explanation or an apology. This says a lot for their online reputation.
This well established and highly reliable Bitcoin gaming site should be placed high on your list if you love Bitcoin gambling sites as much as I do. They have an extremely large selection of slot machines (probably one of the largest selections out there) and are worthy enough to be considered one of the top online casinos offering both crypto and fiat funding options.
One of the most popular Bitcoin casinos as of this release, BitStarz, offers 1200+ high quality games. Much like the other 2 Bitcoin gambling sites mentioned above, they were established in 2014, have provably fair games, and are regulated by the Curacao government.
This online casino is powered by the SoftSwiss gaming technology which provides an enhanced gambling experience. These games range from traditional casino games to highly addictive video games. The casino also offers live dealers, where you play in real time and compete against other live players. BitStarz is also one of the most appealing Bitcoin casinos out there in terms of design.
There are many different ways to fund your BitStarz account. This online casino is to offer multiple currencies including Euro, USD, AUD, and British pound. Take note that there are processing fees involved with depositing funds into your account. Most of the payment outlets charge a 2.5% processing fee which allows your deposit to be processed immediately.
However, you’ll be happy to know that Bitcoin, bank transfers, and SoFort wire transfers do not deduct any transaction fee from your balance. This is yet another reason to utilize Bitcoin for your online crypto gaming needs.
Once you’re ready to withdraw your funds, you can choose whichever payment processor you’d like to have your funds sent to. This is what makes BitStarz stand out among other online crypto casinos as it has the ability to process your transactions through various payment methods (much like BetChain).
Also worth noting, unlike the deposit fees, BitStarz doesn’t charge you anything for the withdrawals. You simply need to have at least 5 mBTC in order for a BitStarz to process your payout.
This Bitcoin casino offers their players a 100% match bonus of up to €100 or 1 BTC. That means if you deposit €100, you’ll receive €200 to gamble with. However that’s not all! BitStarz will award your second deposit with a 50% bonus which will be instantly credited to your account.
We’re not done there folks…
They also have a 3rd and 4th deposit bonus as well. As you can see it pays to be a low loyal customer of BitStarz as the more you play, the more bonuses you’ll receive. You can read more about their promotions and bonus specials located here.
BitStarz offers several support channels including live chat support, social media and email support. The company also has a sub Reddit where they quickly respond to user complaints which shows that they care about their customers and are willing to publicly help when called upon.
Overall the online gambling experience over BitStarz is beyond most other online Bitcoin casinos with regard to gaming features and the vast array of payment methods they offer. This company has been around for a very long time so you can rest assured that your gaming experience is not only secure but provably fair.
Deposits and withdrawals were always credited fast along with bonus opportunities that were beyond any that I’ve seen from some of the other Bitcoin gambling sites.
I highly recommend this casino to both novice and advanced gamers as they have a ton to offer both. The graphics and gameplay are beyond any that I’ve seen so far. You can check out some of their Bitcoin games located here.
CloudBet isn’t necessarily known for their online casino, however seeing that the 3 casinos mentioned above do not contain a sportsbook, I thought I’d include this in the mix as it’s one of the most noteworthy Bitcoin sports betting sites around.
You can clearly see that the company put a lot of time and money into the product as they not only contain sportsbook betting, but also a full Bitcoin casino and wide selection of live games.
CloudBet was established in 2015 and is one of the most impressive Bitcoin sportsbook gambling sites around. Both online players and industry experts alike agree… CloudBet is one of the best regulated fiat as well as crypto based sports betting sites around. You just can’t compete with the packages that CloudBet offers (covered below).
The company offers one of the most advanced Bitcoin sports betting sites on the planet. Everything about it is authentic, which many other sports betting sites seem to lack. The graphics, gameplay, and interface are just as polished as some of the world’s most elite online sports betting casinos, like William Hill and Pinnacle.
Sports betting includes all major leagues like EPL, Champions League, NFL, NHL, NBA, Cricket, Tennis, and even UFC.
CloudBet sportsbook is one of the very few to offer both Bitcoin and Bitcoin Cash deposits and withdrawals. All deposits are received directly into cold storage where your keys are kept safely off-line and away from potential hackers.
The company maintains a hot wallet which contains enough funds so that players can quickly withdrawal their amounts each day. Withdrawals are instant and typically processed within the same day.
CloudBet offers some of the largest deposit bonuses available for any Bitcoin sports book on the internet today. First time deposits receive a 100% match bonus up to 5 BTC.
This is easily the largest match bonus limit across all online sports betting sites as it can easily award you with thousands of EUR, USD, GBP, or BTC. To top it off, players have a total of 365 days to clear the bonus once it has been applied to their account.
You’ll also be awarded bonuses by earning loyalty points, which CloudBet rewards for using both the sports betting and casino games. An award of 0.01 BTC will be released for every 800 loyalty points earned. As you can see the potential for large bonus amounts are extremely rewarding. This is yet another reason why CloudBet is a cut above the rest of the competition.
Even though CloudBet doesn’t offer a particular smart phone app, I found it extremely easy to view on both iPhone and Android devices. The pages are very mobile responsive and fits well within the layout of the screen.
The interface was very well developed to provide players with the best possible experience. All their games can be tested for free on your smartphone before making any deposits.
CloudBet offers the best Bitcoin sports betting platform out there. It’s very hard to find another Bitcoin sportsbook that even comes close to CloudBet offers with their various sports betting options and large deposit bonuses.
Support and live chat are very responsive and get back to you within a timely manner. The company clearly understands the importance of what sportsbook gamblers truly want… convenience and hassle free access to their most coveted sporting events.
Post a comment below and let us know if you found any hidden gems or newer sites worth mentioning.
Also, let us know about some of your experiences with the sites mentioned above. If you had a negative experience, I highly recommend you take that up with support (or a corresponding subreddit) as most of these grievances can be taking care of internally.
Good luck and happy gaming!
The founders of cryptocurrency exchange Cobinhood are commissioning the development of a new blockchain capable of processing 1 million transactions per second, a massive undertaking given that Bitcoin transaction can take hours to complete and Ethereum transactions range from 1-5 minutes, with even Visa’s ~2000 tx/s being dwarfed in comparison.
The company behind the project is DEXON, which is focused on blockchain mass adoption within the banking industry and real-world application requirements.
DEXON reports that the new blockchain technology uses a blocklattice structure that meshes multiple chains together to form what the company claims to be an infinitely scalable, low-latency decentralized transaction processing engine.
The company was launched by the executive team of the zero-fee crypto exchange Cobinhood, and the $20 million funding round that just closed was led by IDG Capital, a venture capital firm which manages over $20 billion in assets. The funding round also drew investments from various angel investors.
While it sounds far-fetched, the company claim to have already recorded test transaction speeds at 50 blocks per second or approximately 1 million transactions throughout 25 nodes, with each block being 2MB and each transaction being 100 bytes on average.
“Clearly, investors believe in DEXON’s ‘blocklattice’ protocol, which is underpinned by consensus algorithms that allow for transaction speeds competitive with major credit card companies,” said Popo Chen, founder of Cobinhood and co-founder of the non-profit DEXON Foundation. “In fact, we hope to partner with these institutions, as we’re now able to offer the same processing power without a need for centralization. Other than DEXON, current blockchain protocols can only process a few secure transactions per second, leaving them unable to keep pace with traditional solutions.”
Through the use of a blocklattice structure along with a total-ordering consensus algorithm, DEXON claims to be able to make decentralized transactions scalable. Unlike traditional blockchain systems that build encrypted blocks linearly, DEXON’ s blocklattice features multiple blockchains that work together in parallel, which DEXON execs say makes it easier to scale automatically and energy-efficiently.
“With its fundamentally new architecture, the DEXON network is poised to become the world’s first mainstream blockchain,” said Wei-Ning Huang, co-founder of DEXON. “Investors are recognizing that there is a problem with current blockchain technology, and that the protocol most focused on throughput and scalability will form the basis of Blockchain 4.0. These tests prove that the blocklattice works, and this funding is proof that investors trust DEXON’ s strategy over the long term.”
Launched earlier, the DEXON blockchain will be the fastest in the world by a long shot — if it works. The difficulties in scaling blockchains are well-documented at this stage, and with an enormous undertaking like DEXON it remains to be seen whether the block lattice structure can scale as advertised. However, if the design is as advertised, the blocklattice system may be about to make a major impact on the cryptocurrency and blockchain landscape.
Whether you’re looking to save up for retirement or just want to try your hand at compounding your income instead of it collecting digital dust in your bank account, then investing in cryptocurrency could be a great investment alternative for you.
Many people understand the fundamental idea of investing in crypto, but can the same methods translate over to trading? As you might’ve guessed, the two require very different ways of thinking and investing.
As far as the investing part is concerned, it all boils down to the fundamentals, like the technology and development team behind the project. Solid marketing and partnerships also play a major role when deciding to invest in a newer cryptocurrency or ICO. Other than that, HODLing seems to work well for most and can benefit you in the long run if you stay strong during the inevitable dips.
However if you’re looking to make money right now, you need a more short-term trading strategy…
This means you’ll be looking for more volatile, high liquidity cryptocurrency. The potentially lucrative nature of this digital asset, is a lot more volatile than traditional stocks or forex, which opens you up to a world of potentially high profit margins and risk.
That’s why cryptocurrency trading can get a bit complex and the reason why so many crypto traders need a wide variety of tools to help them navigate this newfound territory.
I’ve listed a variety of high end resources and tools that can help you improve your cryptocurrency trading success. Bookmark this page as you’ll most likely need to reference it throughout your crypto trading journey.
There are a ton of tools out there used for a variety of purposes. You can use them in combination with each other, whether you’re investing or trading. Strategy is a huge part of cryptocurrency trading and so are the tools that you have in your arsenal.
Arming yourself with the right intel is everything when it comes to choosing the right cryptocurrency to trade or invest in. News sources will supply you with the most accurate and up-to-date information within the crypto sphere. Technical analysis will help you formulate a solid trading strategy off of the latest news.
If you end up choosing the right asset, at the right time, and formulate a congruent trading strategy, you’re halfway through the battle. So it’s very important to take your time and utilize these tools, to the best of your ability, in order to put all the odds in your favor.
Let’s start this list off with the most obvious choice…
You can’t start a “crypto trading tool list” without mentioning this coveted resource. If you’ve spent more than five minutes within cryptocurrency ecosystem, I realize you’ve probably used this tool on many occasions by now.
This useful tool is your headquarters for all things cryptocurrency. It contains all the information you’ll ever need, on any cryptocurrency and exchange released to the public. Everything from graphs, official coin websites, social media information, market cap, exchanges that trade a particular coin you’re looking for, etc.
I’m sure you’re already very familiar with this tool by now, so let’s move on to the other goodies…
This technical analysis trading portal contains anything and everything you ever wanted to know about the technical side of cryptocurrency like chart patterns, candlestick formations, as well as the most comprehensive list of charting tools and indicators you can find anywhere on the net.
This massive powerhouse of a site also contains a social media style platform where traders can share and discuss their charts and trading strategies. I can’t even begin to tell you how valuable this is.
Learning to trade from real trading experts and viewing how they set up their real life trading strategies is a powerful learning tool to add to your educational cryptocurrency trading arsenal.
TradingView is accessible from anywhere in the world and they even allow you to utilize their charts, drawing tools, and indicators for free. If you spend any amount of time on various cryptocurrency trading sites, you’ll notice that most of them, including reputable crypto exchanges, use TradingView charts.
If there’s one place that you want to learn more about technical analysis via plotting your own charts as well as learning from a network of professionals, TradingView is the place to be.
I could write an entire book on how valuable TradingView is, but I don’t think either one of us has the time for that.
DISCLAIMER: Coinigy is another widely used trading platform that many crypto traders use. I started out on this platform but find it to be extremely buggy and takes up a lot of your computer resources if you leave the chart up for too long. Their customer support isn’t that great either.
I highly recommend TradingView over Coinigy for serious traders. I’ll most likely write up a detailed comparison in the near future.
Moving down the list…
Ditch those bloated Google spreadsheets and let CoinTracking do all the heavy lifting for you. Keeping track of your cryptocurrency trading activity is a rather daunting task this tool quickly eliminates for you.
The service imports your trades from 24 of the most popular cryptocurrency exchanges. Importation can be done via CSV files or API. Once all your trades have been imported, you can start analyzing your ROI and stay up-to-date with your profit loss ratios and resulting taxes.
This is the ultimate cryptocurrency tracking tool. I highly recommend it if you plan on trading more than a few times per month. Read more about the tool here.
|I suppose this isn’t so much of a tool “per se” but a place you want to frequent when you want to keep a pulse on the latest happenings within the crypto ecosystem. Look at it like your daily newspaper for stocks, which is absolutely essential if you want to keep up with your expanding investment portfolio or current trades.|
Some of the more established sites are:
These news portals never post misleading information and are always the first to bring you the latest updates on the crypto world. There are many other sources like CryptoCoinJunky (shameless plug), where we filter through some the more important news releases of the day as well as provide you with trading guides, altcoin reviews, exchange reviews, and other useful information that will help you along your trading journey.
Sign up for our newsletter on the sidebar above (or below related news on mobile) and receive a free Crypto Coin Junky Handbook that contains 147 pages on everything you ever wanted to know about trading, investing, and other various aspects of the game.
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Moving onto more pressing matters….
Run by those crypto geniuses over at CoinTelegraph, Coin360 is a platform that takes the most recent cryptocurrency values and displays them in an extremely useful visualization. Rate changes are displayed by use of color markers. Green represents a rise in price and red represents a falling price. This really helps bring clarity to a market that is so convoluted. Prices can be displayed in both BTC or US dollars.
Users can also make changes to the chart by only selecting coins that they would like to see. You can also switch views between “market capitalization” and “trading volume” according to various time frames.
This platform is easy to understand and allows for users to identify various cryptocurrencies and their market capitalizations without having to sift through tons of complex charts and data.
This is an incredible tool if your into investing in ICO’s and are looking for a type of CoinMarketCap style site that specializes in Initial Coin Offerings. Here you’ll find basic information on any particular ICO that’s currently available or soon to be released to the public and accepting investors like you.
There’s also a very handy tool that calculates the potential profit (or loss) of your ICO, which will come in handy when you’re looking to keep track of how much you currently earned on your investment.
The ideal security device for your precious cryptocurrency coins and the Cadillac of hardware wallets. It’s robust security features are unrivaled. It connects to your computer via a USB and embeds a secure OLED display to confirm each transaction with a single press of its side buttons.
There are many different reasons to use this wallet over others like…
The first time you view this site you might think you’ve been transported back to the 1990s era of the internet, however don’t let the retro appearance fool you, as it’s one of the top trading platforms to buy and sell digital assets, with all market comparisons located in one spot.
This site is owned by the cryptocurrency exchange, Kraken, and is a comprehensive charting and trading platform that offers technical charting for a large variety of crypto exchanges. Despite handling real-time data from over 22 different exchanges, the platform also provides accurate currency statistics (no lag) which will allow you to execute instant trades from their intuitive trading panel.
Many popular cryptocurrency platforms support Cryptowat.ch like Coinbase, Poloniex, CES.IO, Bitfinex, Huobi, and many others. Click here for a list.
One of the most beloved tools from the crypto trading community. This Android/iOS app works as a position and investment tracker. It allows you to pin various cryptocurrencies on your customized dashboard and view them on a simplified graph. This allows users to keep track of orders, set alarms for particular price notifications and most importantly, allows you to input your trade data. This is the type of tool you need to have in order to track how much you’ve earned from a particular trade.
This is a must-have tool for those of you who are meticulous about keeping track of all the various cryptocurrencies circulating in your portfolio. The only issue I have with it is that it doesn’t connect via API to any market or exchange, so your trading data is not entered into the app automatically. So for now, you have to manually input your trading data.
All in all, it’s worth having as it’s free. If you’re trading or investing with over a dozen or so cryptocurrencies, keeping track of your profit ratio can prove to be a difficult task without it.
Another great alternative to Blockfolio is Delta . I’ve been hearing a lot of people singing its praises lately.
This site is a great “evidence based”, community driven, crypto news verification portal that accumulates 6 months of history on many various news reports, altcoin releases, and just about anything going on within the crypto ecosystem.
This is THE perfect tool to differentiate between authentic news and rumors on your favorite cryptocurrency. Once you’ve gathered the authentic up information, only then can you formulate your trading strategy.
You can expect an accuracy rate of well over 90% due to the fact that it’s community evidence driven. This is a great place to visit in order to substantiate the difference between rumors and the news.
This research platform gives you a ton of insights from various angles like…
One of my favorite features is the “general average investment stats”. It gives you a great overall picture of volatility and returns of a particular coin over the course of a 7 to 30 day period.
They’ve also recently added an ICO analysis chart, pump and dump updates, arbitrage opportunities, and a host of other categories.
Check out all their analyzation features here.
OnChainFX is an invaluable tool that will allow you to filter through a wide array of crypto metrics. Although it’s still in its beta stage, the extensive range of metrics that you can use to compare cryptocurrencies to is nothing short of amazing.
It will also allow investors to make cryptocurrency comparisons in order to make a better investment decision due to the high number of metrics you can measure with.
Some of the features provided by OnChainFX are…
3Commas is the most comprehensive cryptocurrency trading bot out today. It’s helped 100s of traders experience consistent, record-breaking gains as the platform allows its traders to utilize automated trading bots as well as copied the exact trading strategies of successful traders that have recorded and display their portfolios to the public.
Traders are also able to utilize their smart trading feature which will allow you to customize your own trading strategies as well as set up stop loss and take profit commands.
This is a great tool to help both novice and advanced traders minimize their risk while limiting the exposure to heavy losses and at the same time maximizing gains.
Check out their long list of features located here (like the trailing stop loss).If you decide to use this “pay as you go” service, make sure to click here to take advantage of a 10% discount using my discounted referral link.
This site is an accumulation of numerous shitcoins which lists the ones that you’ll end up losing your hard earned money on. Deadcoins operates in the way Wikipedia does, where people find a report coins with absolutely no growth potential and report them as a way to prevent other users from falling into their trap.
I highly recommend you bookmark a few these tools in order to better help you decide where to put your money when investing in any future crypto project.
These tools don’t necessarily mean that you’re going to make a guaranteed profit, however it does allow you to make a very informed buying decision, which is half the battle. Placing probability in your favor is the name of the game when it comes to any solid trading strategy.
Let me hear from you in the comments below regarding your thoughts are on the tools outlined above. If you have any other useful tools that you think should be added to the list, let me know. Up
Bear markets make a lot of money for investors and traders alike, the problem is… they just don’t realize it at the time.
You have to understand, the market has an ebb and flow nature to it. Just like most things in life, crypto markets are far from being excluded. If a crypto bear market has halted your altcoin trading, you were never truly a trader to begin with.
Any idiot can turn a profit in a bull market, however bear markets are what differentiates real traders from the wannabes. These are the times where knowledge, discipline, and profits are carved for those who can willingly handle them.
Any market you trade doesn’t need to move up in order for you to profit, it simply needs to move. As long as you can adequately identify the trend, you can walk away with a profit on just about any type of market. The shorter the trend, the greater the risk, the quicker the payday.
With that said, let’s take a look at the top 5 trading strategies you can use to turn a profit in a bear market.
#1 Margin Trading (AKA – Shorting)
Cryptocurrency exchanges like Bitmex, Poloniex, Bitfinex, and Okex (yes we got all the Xs in there) offer an incredible way of profiting in a bear market. A 10% dip can bring you anywhere from 10-50% profit dependent upon your leverage.
While it may sound a little crazy to buy at a peak (as opposed to buying the dip), margin trading can bring in massive profit if done right. You don’t have to become a professional technical analyst in order to do this. Mastering the basics of charting will be required in order to produce consistent profits with margin trading.
Studying chart patterns along with real-world experience will give you a good grasp on the basics of technical analysis. Once you accomplish this, you can pick your entry and exit points with confidence. This will allow you to have a better chance of buying near the top, right before the market turns red.
Crank up your leverage to 2-5X (I don’t typically recommend going over 5X) and you can find yourself sitting pretty in a bear market. It’s important to note that the higher the leverage, the quicker you will be liquidated out of your position.
For example: margin trading $1000 worth of coins at 10X leverage will completely wipe out your balance once you hit +10% (actually lower than that counting the fees). Be sure to keep this in mind if you decide to use a high rate of leverage.
The rewards for mastering margin trading can be great, but only for individuals who truly have a well-developed understanding on the basics of technical analysis.
Click here for our complete A to Z Guide to Margin Trading located here.
Regardless of which way the charts are moving, scalping will allow you to profit off those incremental movements on just about any chart. All it takes is a little willingness to grind it out for a few hours in front of your computer using frequent bid and sell opportunities during increased volatility. A bit too monotonous for you? Try using trading bots in order to automate this process once you get some experience under your belt.
Like any other trading strategy, scalping is not without its inherent risks. All it takes is one major dip to erase all your hard work for the day. So just remember, don’t get greedy. Walk away with 1-5% profit and keep a tight stop loss in order to prevent these inconveniences.
Low volume coins are typically not as affected (or not affected at all) with the plummeting price of Bitcoin. Unlike standard altcoins, which tend to follow in the same direction as Bitcoin, low-volume coins follow their own agenda. Consider anything with a daily volume below 50 BTC to be low volume (even 100 BTC in some cases).
There are a number of low-volume coins that you can scalp or swing trade in order to manage a nice sizable profit. If you’re going to go this route, use the same tips I outlined above for margin trading. Make sure you have a basic understanding of technical analysis and always set a stop loss (either mental or triggered stop).
With trading low-volume coins, you have another high risk/high reward scenario. Make sure when trading low volume coins, you have enough liquidity to get out of the trade when needed. I typically won’t trade a low-volume coin that has a daily volume of under 10 to 20 BTC.
The sweet spot tends to be around 30-50 daily volume of BTC. I can’t reiterate this enough, set a mental stop loss (or alert) just below a major support as most of these coins can drop 20% in under an hour (sometimes in under a few minutes). Make sure you keep a close eye on the chart once a major support has been broken. More often than not, whales (large investors) tend to short stop losses on support and then subsequently rally hard thereafter.
|PRO TIP: never scalp with 100% of your overall capital. You’re the only one who can determine your risk tolerance, but scalping with 5 to 10% of your overall investment is typically recommended.|
Start by visiting your favorite Reddit threads, cryptocurrency forums, or Facebook groups and see what ICOs are buzzing around the crypto sphere. Accumulate a list of ones you find interesting or have been mentioned several times on multiple venues. This is where you will accumulate your ICO list to further investigate.
Type each one of your ICO’s into Google and CoinMarketCap in order to uncover company information like development teams, whitepapers, twitter announcements, and other various chatter on the internet regarding your potential investment.
Next, take notes on the information you uncovered during your research and rate each ICO from 1 to 10 regarding how comfortable you feel with investing in each. Remember, investing in an ICO is risky business. You can lower that risk substantially by doing your due diligence and proper research.
Check out ICO Marks for the latest ratings on live and upcoming ICO’s.
If your crypto investments just aren’t paying the bills and the thought of looking at charts and doing technical analysis makes your head spin, perhaps you need to look at another route.
Getting paid to do freelance work in cryptocurrency may be right up your alley.
There seems to be an increasing amount of jobs where employers are looking to pay their employees in cryptocurrency. Take advantage of these employers as you can most likely get 10-30% more profit out of the same job you would get paid for with standard fiat currency.
Check out our list of cryptocurrency job sites below…
Ethlance – one of the more popular cryptocurrency freelance sites. They pay in ether and have 0% service fees.
Coinlancer – a blockchain based freelancing peer-to-peer decentralized job market platform.
XBTFreelancer – employers pay for freelancers in Bitcoin. They tout low service fees.
CryptoGrind – much like standard freelance site, CryptoGrind offers a “Bitcoin escrow” to ensure that employees receive payment for services provided.
Jobs4Bitcoin – a Reddit job board with employers looking to hire all facets of cryptocurrency freelancers and various blockchain job positions.
I didn’t add this to my “Top 5” list as this won’t proactively create income for you in a bear market however it will prevent you from losing more money than you should.
|One of the biggest mistakes people make, on a daily basis, is not stepping away from their computer or smartphone. In this constantly demanding digital era we live in, the obsessive barrage of technology can literally drive you mad. This slow and repetitive process can disrupt the logical mechanism of your brain, which will inherently screw up your trades. That’s why it’s very important to make sure you unplug from these devices from time to time.|
Just taking an hour to exercise, walk in the park, or enjoy your favorite recreational activity can be enough to reset your mind to a state of balance. We tend to spend so much time in front of our computer screens that tunnel vision starts to set in. When this happens, we make more mistakes than we should. Realizing, not doing anything can make you money by inherently not allowing yourself to make foolish mistakes, therefore losing the capital you worked so hard to make.
Always maintain a good balance of work, rest, exercise, and play. Wake up every day with a clear goal in mind while maintaining balance in your life. Realize this balance is imperative to obtaining the results you want. With this knowledge; you can survive anything… even the most bearish of markets.
If you found this guide interesting, please leave a comment below. I’d love to know what what my audience does during these bearish markets.
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