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How to get bitcoin cash free with bitcoin

On August 1st 2017, there is going to be a new coin launched called Bitcoin Cash, also referred by its symbol $BCC or $BCH. Now, people who have bitcoins are entitled to free $BCC or $BCH as this new coin is nothing but a clone of the bitcoin with 8MB block size. There are heaps of other features this coin has which can be found online.

Now, how do i get BCC or BCH? There are various exchanges where you can claim your free BCC if you have bitcoin balance:

  1. Bitfinex : In a recent announcement, bitfinex has declared it will be giving away free bcc/bch for anyone having bitcoins in balance on their exchange. More info here
  2. ViaBTC: Another exchange where you can convert your bitcoins to btc and bcc. More info here
  3. Huobi: in a most recent update, huobi has volunteered that it will be giving away the free bcc or bch token for anyone holding bitcoins in their exchange.
  4. Bittrex:  Bittrex has also declared support for BCC. more info here
  5. Bithumb
  6. Hitbtc
  7. Okcoin
  8. Kraken: Latest addition to the list is kraken. More information here

There are other methods which are more complex for day to day users. Which involve more technical knowledge which i wont be discussing here.

Thanks

Cryptocurrency Scams

Today, i am going to discuss about one of the various ways you can get scammed while trading cryptocurrencies:

Pump and dump crypto groups
Anyone who is new to trading cryptocurrencies should be careful and stay away from pump and dump groups. Basically, this is how the scam works:

-> You are invited to join a pump and dump group chat on telegram or whatsapp.

-> All the groups promise a fair pump to everyone by pretending to choose a coin to pump at a certain time and certain exchange. But the truth is group owners have already bought big amounts at cheap prices.

-> Now, they ask you all to buy the coin and hold on to it till the coin is pumped to a certain value like 10% or 20%. And as soon as it hits the peak, they sell the coins even without you noticing them.

A example graph is shown below:

-> End result: everyone who bought their coins during the pump end up losing money.

-> These scammers always target low volume & shit coins.

Hope this helps the new traders.

Price forecast Numeraire or Price forecast NMR

NMR had a really good rally this weekend. Starting at 0.015 and going all the way up to 0.070. Thats an incredible rally in just 48 hours. Well, a lot of them made good money in this rally. Now, what after this?

Its not going to hit back to 0.070 immediately. You will have to wait for few more days or weeks until some volume builds up on this Coin.

The idea of NMR is quite interesting. If you read their white paper you will know the purpose of this coin. Their is some information on the wired website as well.

But what next from here?

If it breaks the 0.07 resistance is its next rally, its headed all the way to 0.1 atleast.

Now, when that would happen. We just need to wait and watch. Till then, buy cheap and keep accumulating.

 

Price forecast Ethereum

On 24th June 2014 i had communicated through my twitter account that ethereum will touch $250.

Thats happening right now as i am writing this article:

We might soon see flippening if the bitcoin downtrend continues.

 

 

Price forecast Antshares

The last few days have been quite dramatic for Antshares. With the big announcement on 22nd June. Antshares will be renamed to NEO.

If you look at the history of chinese products, they prefer their own products. Be it facebook, whatsapp, google, ebay etc etc. China has its own version of these big websites.

Now, since Antshares is backed by China i have high confidence its going to be bigger over the next few days.

At the time of writing, Antshares is trading at 0.00303800 BTC. I am quite confident this number is going to increase in the next few weeks.

Further to this, in Q3 of 2017 there is going to be a product launch by Antshares.

The platform provides apis for 3 widely popular languages which will make it a favourite for companies planning to use a blockchain.

It claims to be stable in performance and scalability, we will get to know this only when some pressure is put on this blockchain.

Hope you enjoyed reading.

Top 20 Cryptocurrencies and their uses/purpose

CryptoCurrencyMarket CapPurpose
Bitcoin$40,913,962,8191) Mainly used for trading other cryptocurrencies.
2) Accepted on major trading platforms.
Many businesses accept bitcoin as a payment method.
3) Used for ICOs for applications which are not built on the ethereum platform.
Ethereum$33,884,378,1771) Mainly used for ICOs for decentralized apps built on the Ethereum platform.
2) Few exchanges allow trading using ethereum.
Ripple$9,922,617,502Ripple works with banks to transform how they send money around the world — a necessary step to compete in today’s growing economy.
Litecoin$2,016,407,834Similar to bitcoin, this coin is widely accepted by many businesses across the world as a form of payment.
Ethereum Classic$1,856,175,607Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
NEM$1,719,585,000NEM is a solution platform. There is more to offer as a platform. As a crypto currency, it does not require a lot of computing power and energy to run a node. NEM also advocates low entry barrier with Proof of Importance (POI) instead of the traditional ones that require a lot of stakes or computing power to mine. In NEM we call it harvesting. In addition, it also uses another solution, called Eigentrust ++ to validate and sieve out bad actors in the network. As an evolving solution, NEM is setting the stage for better things to come
Dash$1,240,523,105Dash (DASH) is an open sourced, privacy-centric digital currency with instant transactions. It allows you to keep your finances private as you make transactions without waits, similar to cash.
IOTA$1,195,923,479As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.
Its the newest currency on the block which boasts of absolutely no transaction fees.
Bitshares$832,522,387Bitshares is another currency which powers the Openledger Trading platform. The only decentralized trading platform unlike poloniex or other major exchanges. Its based on graphene technology and is quite an easy to use platform.
Chinese investors are planning to use these for ICOs in the near future.
Stratis$780,752,469We offer simple and affordable end-to-end solutions for development, testing and deployment of native C# blockchain applications on the .Net framework.From Fintech to Internet of Value and emerging technologies, our C# and .Net development, deployment and consulting capabilities can help STRATeamline and accelerate your blockchain project development process.
Monero$712,774,076Monero is a secure, private, untraceable currency. It is open-source and freely available to all. With Monero, you are your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes. Monero is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation.
Zcash$573,667,176Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.Zcash is pioneering the use of zero-knowledge proofs, applying cutting-edge cryptography to blockchain technology. Zero-knowledge proofs allow fully encrypted transactions to be confirmed as valid. This new property will enable entire new classes of blockchain applications to be built.In the pre-digital currency world, both individuals and enterprises could justifibly assume that their financial transactions would be kept confidential. With Zcash, users can enjoy the advantages of using a public blockchain, while still being sure that their private information is protected.
Waves$519,862,000Waves is an open blockchain platform designed for ease of use and mass adoption. Anyone can use Waves to launch, distribute and trade their own crypto token. The platform is fully decentralised, transparent and auditable.Waves is creating a comprehensive blockchain ecosystem that will provide all the features necessary for business adoption, and the platform already has a number of powerful tools and services that make building user applications straightforward.
Bytecoin$490,234,558Bytecoin is the first enterprise-ready solution. Fee-free instant international payments Bytecoin network exists in the Internet and works almost as fast as the Internet itself. Some time is required to process the payment, as it requires cryptographic confirmation. It takes 2 minutes.Your funds are reliably secure Bytecoin protects users money with the most secure and modern cryptographic algorithms. They are impossible to hack. The hacking attempt itself would require immense amount of expensive electricity and computational power of a supercomputer.
Steem$478,680,150Steem is a blockchain-based social media platform where anyone can earn rewards.Collectively, user-generated content has created billions of dollars worth of value for the shareholders of social media companies, such as Reddit, Facebook, and Twitter. Steem supports social media and online communities by returning much of its value to the people who provide contributions by rewarding them with virtual currency.
Golem$449,305,319Golem is a global, open sourced, decentralized supercomputer that anyone can access. It’s made up of the combined power of user’s machines, from personal laptops to entire datacenters.Anyone will be able to use Golem to compute (almost) any program you can think of, from rendering to research to running websites, in a completely decentralized & inexpensive way.The Golem Network is a decentralized sharing economy of computing power, where anyone can make money ‘renting’ out their computing power or developing & selling software.
Siacoin$418,235,701Sia is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography.
Sia will be competing with dropbox and other cloud storage solutions. A highly competitive field.
Stellar Lumens$362,119,897Stellar is a platform that connects banks, payments systems, and people. Using the Stellar network, you can build mobile wallets, banking tools, smart devices that pay for themselves, and just about anything else you can dream up involving payments! Even though Stellar is a complex distributed system, working with it doesn’t need to be complicated.
Dogecoin$350,045,993Dogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called “cryptocurrency”; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure. Dogecoin is used with a wallet on your computer, your smartphone, or a website. You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like AUS dollars). One of the most popular uses for Dogecoin is “tipping” fellow internet-goers who create or share great content.
BitConnect$342,859,711BitConnect is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities with cryptocurrency education where it is entirely possible to find the independence we all desire, in a community of like-minded, freedom loving individuals who, like you, are seeking the possibility of income stability in a very unstable world.

What drives the price of Crypto Currencies

Hi Guys,

This is my view of the driving force behind the price of crypto currencies:

  1. First and foremost, NEWS. If a crypto currency is in news, the price either goes upwards or downwards depending on the news being positive or negative. So people who are into trading cryptos always keep an eye for news.
  2. ICOs or Initial coin offerings. Any upcoming ICO drives the price of cryptos which will be accepted in the ICO. Recent example is that of Ethereum. Ethereum price clocked $400+ just before the Bancor ICO.
  3. Addition of cryptos to an exchange. Any time a crypto is added to one of the major exchanges, the price changes. This happens mainly due to an increase in volume of the transactions of this particular crypto. Latest example being Litecoin.
  4. Addition of New features to existing cryptos or their supporting platform drives the price.
  5. Global acceptance of cryptos. An increase in popularity of a crypto or an increase in the usage of a crypto drives the price.

Feel free to add more in the comments section.

Top 10 Cryptocurrencies and their Uses/Purpose

CryptoCurrencyMarket CapPurpose
Bitcoin$40,913,962,819Mainly used for trading other cryptocurrencies.
Accepted on major trading platforms.
Many businesses accept bitcoin as a payment method.
Used for ICOs for applications which are not built on the ethereum platform.
Ethereum$33,884,378,177Mainly used for ICOs for decentralized apps built on the Ethereum platform.
Few exchanges allow trading using ethereum.
Ripple$9,922,617,502Ripple works with banks to transform how they send money around the world — a necessary step to compete in today’s growing economy.
Litecoin$2,016,407,834Similar to bitcoin, this coin is widely accepted by many businesses across the world as a form of payment.
Ethereum Classic$1,856,175,607Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
NEM$1,719,585,000NEM is a solution platform. There is more to offer as a platform. As a crypto currency, it does not require a lot of computing power and energy to run a node. NEM also advocates low entry barrier with Proof of Importance (POI) instead of the traditional ones that require a lot of stakes or computing power to mine. In NEM we call it harvesting. In addition, it also uses another solution, called Eigentrust ++ to validate and sieve out bad actors in the network. As an evolving solution, NEM is setting the stage for better things to come
Dash$1,240,523,105Dash (DASH) is an open sourced, privacy-centric digital currency with instant transactions. It allows you to keep your finances private as you make transactions without waits, similar to cash.
IOTA$1,195,923,479As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.
Its the newest currency on the block which boasts of absolutely no transaction fees.
Bitshares$832,522,387Bitshares is another currency which powers the Openledger Trading platform. The only decentralized trading platform unlike poloniex or other major exchanges. Its based on graphene technology and is quite an easy to use platform.
Chinese investors are planning to use these for ICOs in the near future.
Stratis$780,752,469We offer simple and affordable end-to-end solutions for development, testing and deployment of native C# blockchain applications on the .Net framework.From Fintech to Internet of Value and emerging technologies, our C# and .Net development, deployment and consulting capabilities can help STRATeamline and accelerate your blockchain project development process.

Price forecast IOTA

In my opinion, even though IOTA is one of the best crypto currencies launched in the past few days. I don’t see the price to be going much higher. Main reason, there are no fees for IOTA transactions.

The price of other cryptocurrencies is mainly driven by these middlemen who make money and also their global acceptance.

The best case IOTA would be on parity with dollar.

In my opinion IOTA could be a good alternative for day to day transactions due to no fees involved.

Looking forward to a new world of cryptocurrencies.