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Showing posts from November, 2017

If Crypto Markets Are Precious Metals

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I'm going to take some heat for this post. But I'm going to post it anyways.

Bitcoin Cash (BCH) - Platinum

Ethereum (ETH) - Diamond

Litecoin (LTC) - Silver

Bitcoin Legacy - Bronze

There are probably some other great examples. Feel free to tweet your ideas to me. https://twitter.com/jaredsc

Cat Tales Non-Profit Rescue Needs Your Donations

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In 2017 I did volunteer work for Cat Tales. http://www.cattalesct.org/ It's a great organization and needs your assistance to help more cats get rescued.

CATALES, Inc. dba Cat Tales is a Connecticut-based, non-profit organization dedicated to protecting the quality of life and improving the well-being of abused, neglected and abandoned cats and kittens within our community. Cat Tales Non-Profit Rescue is a 501(c)3 organization since 1999.

To donate visit this page: http://www.cattalesct.org/donate/

You should ask if they would accept Bitcoin or Bitcoin Cash donations!

I’m Holding Litecoin Right Now *Updated

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This article was originally published by Jared Schlar on Medium.com in June 2017 and still has some good points. News Flash Ethereum Flash Crashes to under $1 on Gdax briefly. I previously wrote about holding Ethereum. There are a number of factors that have changed since then and I want to address my new thoughts.

https://medium.com/@jaredsc/im-holding-litecoin-right-now-ecbdfd9640a6

Crypto Blogs to Read:

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Below you will find some great Crypto blogs to read about what is happening in this industry. Enjoy!

https://blog.coinbase.com/

https://blog.kraken.com/

https://blog.blockchain.com/

https://gemini.com/blog/

https://blog.bitmain.com/en/

There are tons more, but this is a good start.

Twitter Poll - Bitcoin Chain Death Spiral

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I'm conducting a Twitter poll right now regarding the Legacy Bitcoin odds of a chain spiral of death. Please complete the Twitter poll. It's free. Thank you!

https://twitter.com/jaredsc/status/933066005588381697

"I'm thinking about getting back into $BTC. What are the odds of a chain spiral of death?"

— Jared Schlar (@jaredsc) November 21, 2017

The results are in and out of 728 votes, 29% of people said there was no likelihood of a chain spiral of death. Versus 71% said there is some odds of a chain spiral of death. View the image for exact details.

Cryptsy 2014

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Back in 2014 I had some money invested in Cryptsy. Unfortunately, they are no longer in business but I'm wondering if it is possible to recoup some of the coins I had on that site.

At the time I had:

Ripple (XRP), PayCoin (XPY), Nxt (NXT), Other Coins

I understand that there is a PayCoin lawsuit going on right now. How do I opt into that suit? If anyone can provide more information that would be helpful regarding Cryptsy or these matters, please ping me. Thanks.

Chain Death Spiral

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As I have touched on in a previous post there are several known risks with Bitcoin Legacy aka Bitcoin Core right now. You can read my previous post here - https://jaredschlar.blogspot.com/2017/11/now-that-bitcoin-segwit2x-fork-passed.html

Bitcoin Legacy has some problems:

Bitcoin Legacy - Chain Death Spiral. If you want to read more about this potential problem from an expert visit - https://bitcoinandtheblockchain.blogspot.com/2017/08/chain-death-spiral-fatal-bitcoin.html

Bitcoin Legacy - Severe network congestion. There are about 58MB in the pool right now for Bitcoin Legacy vs Bitcoin Cash which is .1MB.

Bitcoin Legacy - Civil War with BCH and other contentious groups. There may be another fork coming in January. We shall see.

This brings up a good point which is unless you are 100% confident in holding one coin, it’s best to diversify into multiple coins.

NEO – The Altcoin That Surged Despite the Chinese ICO Ban

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NEO also known as Chinese Ethereum is expected to benefit in the long run due to rules being implemented by the Chinese authorities with respect to ICOs. This is due to the fact that NEO already adheres to rules proposed by Chinese regulatory authorities. As such, many are considering NEO, the first public blockchain of China to transform into one of the leading digital platforms in the country.

After the Chinese regulatory announcement the Altcoin did take a tumble and reached its lowest point of around $13.29 by the end of September from its top level of $48 with a network cap beyond the threshold of $2.5 billion (way back in August).

However, steady trading volume has helped the coin recover and reach value of $26 (in the initial period of October), which is actually a hundred percent rise from the lowest point it reached after the PBoc ruling about ban on ICOs.

The Positive NEO Trends
Inclusion in Bitfinex: A positive achievement for NEO is that recently it has been included in on…

The Future Of Bitcoin, Ethereum & ICOs

This is a great video which discusses the future of Bitcoin, Ethereum and ICOs. The most interesting part is at the 1 hour mark where Craig Wright explains some of the future technology which will exist in Bitcoin Cash or does already. I was super impressed after watching it and suggest you do the same. 1GB blocks are not the end goal. Block size will get bigger and bigger over time. Hard forks will become the norm, not shunned. According to Craig Wright in the video, hard forks occurred all the time in early days of Bitcoin. The way you determine if new changes to the software will work is by testing. In the end, the market will decide which coin to value the highest not influencers. Economics still works as long as the data sources are not corrupt.

Please watch the video. You will be glad you did.

Now That Bitcoin Segwit2x Fork Passed

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Now that the Bitcoin Segwit2x fork has passed, Coinbase has unlocked trading of BTC again. There may be some selling off of Bitcoin (BTC). It is unlikely to get (B2X) coins right now according to Coinbase.

Bitcoin (BTC) has some problems:
BTC - Chain spiral of death.BTC - Severe network congestion.BTC - Civil War with BCH and other contentious groups. Ethereum (ETH) and Bitcoin Cash are looking pretty good right now. Bitcoin Cash (BCH) is currently 25% more profitable to mine then Bitcoin (BTC).

BCH Dumping

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Based on my sources the reason for the BCH dump today is because GBTC started selling their BCH holdings to pay a dividend to shareholders. Their goal is to sell about 170,000 BCH over time. This will end eventually as it was based on the holdings of GBTC after the August 1st fork.

Everybody keep calm and be patient.

Segwit2x Fork - Market Protection

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It is my understanding that the Bitcoin Segwit2x (B2X) still has a small probability of happening. This is because a faction of miners still believes in it despite the major market players calling it cancelled. This would enable protection for Bitcoin (BTC) owners who are susceptible to chain spiral of death due to Bitcoin Cash (BCH). Since BTC has no Emergency Difficulty Adjustment, if there is another crazy spike in Bitcoin Cash (BCH), which in my opinion is likely, all buyers of Bitcoin (BTC) after the August 1 Bitcoin Cash (BCH) fork have no protection. This is a big deal because many people new to Bitcoin (BTC) may have invested large sums of money with no understanding that it could go to zero.

We will see if this hard fork occurs around tomorrow or not. It is very exciting times to be involved in crypto currencies. It’s probably a good idea to have at least some exposure to Bitcoin Cash (BCH) to ensure that you have some diversification in the event of another black swan. In t…

Bitcoin Cash Will 3X My Investment

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Based on recent news I am more bullish on Bitcoin Cash than ever before. Just recently the CME chairman announced that Bitcoin futures will be listed as early as next month. According to a prominent crypto VC, this news signifies that Bitcoin will be able to be shorted. This is a large problem if you have (BTC) because Wall Street and Crypto Valley are not yet on the same page. I can envision large market forces attempting to damage (BTC).

Luckily, if you have Bitcoin Cash (BCH), this is not a problem. Some of the same forces that short (BTC) may actually long (BCH) which may result in another huge pump. Roger Ver is likely transitioning more of his 300,000 BTC into Bitcoin Cash. Keep in mind Bitcoin Cash has only been live since August 1st 2017 and has already bulged to the second highest network cap in crypto. This is not by error.

Additionally, Mike Novogratz has been buying Bitcoin over the weekend. He is likely responsible for the uptick in price as his firm bought $15-$20 Milli…

Bitcoin Cash Successfully Hardforks

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Today, at block number 504031, Bitcoin Cash upgraded to a new difficulty adjustment algorithm (DAA). The new DAA is designed to solve the problem of wild difficulty variations caused by the EDA. Read full article on Yours.

Today's Bitcoin Highlights

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Bitcoin (BTC) hash rate just dropped 50% nearly overnight.



It's currently 70.3% more profitable to mine Bitcoin Cash instead of BTC.


Bitcoin (BTC) fees rising.



Bitcoin Cash Overtakes Ethereum to be #2 in Market Cap - $30 Billion

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Bitcoin Cash Overtakes Ethereum to be #2 in Market Cap - $30 Billion on November 12.

Segwit2X Is Still Go - Complete Wealth Transfer From Legacy Bitcoin To Bitcoin Cash In Progress

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Since Segwit activation on 23 August, the Segwit2X team had endured 2 months of relentless bashing from the small blockers, all the while remaining mostly silent. So what happened between October 26 and November 8? It can't be for the lack of consensus which was the reason given. They already knew there was never going to be consensus. Something unexpected happened, causing them to push the "kill" switch. What was it?

Read the full article at the above link.

Bitcoin Cash Flippening

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Is the Bitcoin Cash flippening happening right now? As of this posting, Bitcoin Cash (BCH) is up about 42% in the last 24 hours. Most other cryptos are down for the day. I don’t see the upside to holding BTC until the cancelled fork news gets baked into the price.

Some people on Twitter are calling this the BTC death spiral. The BTC mempool is really filling up now.

Millennials Prefer Bitcoin To Stocks

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Man Bought $85,000 of B2X Futures (Then Lost It All) by Megawatt

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Ethereum, After Cancelled Segwit Fork

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What does the Yours community think of Ethereum post cancelled Segwit fork? Does the Parity hack and potential hard fork (to recover frozen funds) hurt your opinion of Ethereum right now? Please comment (its free). Thanks! Read article here.

Fundamental Differences of BTC vs BCH

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TomZ talks about on-boarding the next billion people to crypto-currencies. He discusses Lightning Network, Bitcoin Cash and the rejection of Bitcoin-Segwit roadmap scaling solutions. It's a good read on Crypto https://www.yours.org/content/fundamentals-of-btc-and-bch-f6acfa5e6213.

I Didn't Get Into Bitcoin To Get Rich by Rob Danielson

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Here on Yours, I'm sure I'm preaching to the choir but I didn't into Bitcoin to get rich. Nowadays that seems like what all of the "Bitcoiners" want to do. They're just "hodling" their coins to watch it rise in value. Like stocks. Or perhaps more like tulips. No, when I got into Bitcoin years back, it was because I loved the idea of a digital currency in an ever-more-becoming-digital world. A digital currency where I control my own money, no matter what.

Visit link to read full article.

There Are Only Two Cryptos That Matter Right Now by Jared Schlar

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In my opinion after extensive research I have determined that only two crypto coins or tokens matter until after the Segwit hard fork. This article was previously behind a paywall and is now free.

In my paid content you can discover my rationale for this including extensive research I conduct daily. This article is paid and I hope it provides a large value to readers with new insights. My background as a Search Engine Optimization (SEO) Analyst helps me understand indicators about the crypto world that are hard to quantify without the same training.


#1 Bitcoin

#2 Bitcoin Cash

When the Bitcoin Cash fork happened people would borrow Bitcoin on margin at crazy interest rates just to get exposure to the fork. There is now and I anticipate more until the BTC fork, a rush to accumulate new BTC to get a sort of dividend after the BTC fork. What the exact split ratio will be, I don’t think anyone is totally sure at this point. The powers that be have a huge incentive to make the fork come ou…

The Bitcoin Fork Wars by Megawatt

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We are living in amazing times right now. This month of November 2017 is one that will go down in the history of Bitcoin as one of the most controversial, most dramatic, most bloody month in cryptocurrency history. Sometime in mid-November is the Segwit2x fork. This is a fork that increases the block size limit of the once heavily-change-resistant Bitcoin from 1mb to 2mb. It has taken over 9 years for this change to occur and the community is nowhere close to reaching a consensus.

Read full article for free at the above link.

Predicting the Outcome of the November Bitcoin Fork by Ryan X. Charles

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On approximately November 18, Bitcoin will split into two chains: Segwit1x and Segwit2x. Because these chains share the same proof-of-work function (PoW) and neither change the difficulty adjustment algorithm (DAA), it is unlikely that both will survive simultaneously.

View the link above to read the full article.

The Bitcoin Vision: Lost but Found, and Being a Part of it by Bitcoin Optimist

In 2013 and 2014, the Bitcoin community was much more united than it is now. Back then, the community's excitement level rose when businesses announced they were going to accept Bitcoin. It was sign of legitimacy taking root when companies such as Microsoft, Overstock, Expedia, and Newegg started accepting Bitcoin - as well as the many other businesses Bitpay, Coinbase, and others brought aboard. The community eagerly awaited for the next big company to start accepting Bitcoin, as one major criticisms at the time was "what good is it if you can't spend it anywhere?" As this was a valid concern, the community consensus was unanimously in favor of accelerating business adoption.