Author: Timothy Suggs

Bitcoin Dominance Diminishing

The Bitcoin Dominance has dropped to a new low since my involvement in cryptocurrencies. Today it has reached 69.1%.

Ethereum (ETH) is up 18%, Dash up 5%, Ripple is up 34% and Monero is up 5%.

Speculators suggest that with the ongoing dispute regarding the Bitcoin blocksize, the price of Bitcoin will continue to slide.

Other notable mentions include: Expanse (EXP) at $0.40, PIVX at $0.62 and Nexus (NXS) at $0.25.

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Introducing: PIVX (Private Instant Verified Transaction)

PIVX has been on a roll lately surging to a 3,729% increase over the prior 12 months, currently at around $0.38. Volume on Bittrex has exceeded 1716btc in the past 24 hour period.

So, what is PIVX?

A transactional security and privacy-focused decentralized open source cryptocurrency.

When was PIVX launched?

February 1st, 2016
(under the name of Darknet (DNET))

PIVX is designed, engineered, and evolving with the best practices and developments to ensure your transactional security and privacy.  Many see it as a cheaper alternative to DASH. Have a look at the comparison:

PIVX is currently offered on Bittrex, Cryptopia, Yobit and Empoex. Many are speculating that Poloniex will be adding as well which could be contributing to the recent rise.

 

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“Best in Blockchain Startups” Conference Scheduled for 2018

Expanse founders James Clayton and Christopher Franko along with partners are launching a conference specifically for Blockchain startups called the “Best in Blockchain Startups 2018” which will take place in Austin Texas in 2018. The conference will focus on technology brought forth by startups that may not receive recognition due to their size.

“We are in negotiations with some potential Blockchain partners for this, this will be Blockchain only, no Fintech. The first 10 official Blockchain Partners will have an equal say on how this conference will happen, like a roundtable, with these general guidelines to start out.” – James Clayton, Co-founder, Expanse

Clayton has gone on to say:

 

  • The Best in Blockchain Startups will happen in 2018.
  • Teams and projects must be active for at least one year.
  • Blockchain only, no Fintech.
  • The conference will happen in the USA. (This is where some of the original potential partners are located)
  • The original 10 (max) Blockchain projects will do the groundwork, planning, design, and be featured prominently and equally at the conference.
  • The Best in Blockchain Partners can list each other as Partners if they wish, if they are unwilling to do that, then they should not ask to be a part of this.
  • This will be entirely nonprofit, nobody will make any money directly from sponsors, speaking fees, anything like that. Although Sponsors can help pay for the venue.
  • Blockchain Companies and Blockchain Exchanges will be welcomed to attend.
  • Tickets will be low priced, we want as many people showing up as possible.
  • Tickets will be Blockchain-based, of course. Working tech only is the theme here.
  • This will be about grassroots communities and decentralized concepts and self-governance.
  • The key focus will be a fun exciting event, with live streams, massive media coverage, professional photographers. Working technology rather than promises.

 

A few exciting names have already been confirmed but not yet released and also The Crypto Show has been confirmed as a participant. For more information visit: Best in Blockchain Startups 2018

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How to Invest in Cryptocurrencies

Determine your strategy

Are you planning to hold long term or are you just in for a quick profit? Look at price charts over the previous year and get an idea of your ideal entry point. Take a look at other coins, including Bitcoin, and compare the overall charts. Are they trending up or down in unison? This could suggest overall market moves.

Don’t get emotional

Falling in love with a coin can be a bad move. Emotions can trigger poorly executed buys and sells. Make your decisions based on your own research and not hype. Forums and chat boxes can be full of hype.

Research the team

Crypto is a relatively small world where everyone kind of knows everyone. Do the founders have a good reputation? Who are the advisors? With many new coins being created to simply profit from an ico (initial coin offering) and coins that aren’t very innovative, investing more in the team than the technology can be a sound strategy.

Research the technology

What problems can the cryptocurrency solve? How many developers are working on the project? What apps (or dapps) exist or are being created? Is there a whitepaper and roadmap? These are all very important considerations when comparing cryptocurrencies.

Is a hardware wallet available for the currency?

Very few coins are supported by hardware wallets. The ones that are have a clear separation from the rest. With security being more and more important, having a place to store your investment off an exchange and away from an online wallet is becoming a necessity.

Don’t chase spikes

If you’ve been invested in a coin that has been flat or downtrending, it’s tempting to jump ship and chase one that’s moving. Be very careful, coins that spike up quickly often spike down quickly. Do your research to determine why the coin is moving. Get involved in Slack channels and The Cryptocurrency Collectors Club on Facebook to get insights before coins move. This will help you become a knowledgeable investor instead of an emotional gambler.

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