The Bitcoin Rocket Has Launched

This post is for all the great Bitcoin Hodlers out there. Those who bought low and told their friends and colleagues to do the same, and maybe, just maybe got laughed at for buying something as useless as Bitcoin. “It’s a bubble!”, “It has no intrinsic value!”, “It’s dead!” and what not. We have heard it all. People doubted our sanity, wrote blog posts and news articles about how dead Bitcoin was.
It always came back. And I tell you what: it always will. Hodl is a substantial part of Bitcoin; it’s coded right into the protocol: there will ever only be 21 million BTC, and the reward per block is reduced every four years (next Halving will probably occur at some point in 2020 when Germany will become European Soccer Chanpion πŸ˜‰ ). Price is already beyond good and evil, but it shows no signs of deceleration, let alone an end of the rally. To me, it looks like the really insane part is yet to come.

Now let’s have a look at the chart:

The current Bitcoin Bull Run in its stages: stage 5 entered.

The current Bitcoin Bull Run in its stages: stage 5 entered.

 

 

 

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Bug in Parity Wallet Probably Trapped ETH Worth Hundreds of Millions of USD

Does everybody remember the Parity bug this summer, where an uninitialized function allowed to compromize all multisig wallets created by Parity? Well, here’s another one:

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Bitcoin monthly chart, 2011 - 2017

Thoughts on Letting Bitcoin Go: Exiting the Perfect Trade

At the end of 2015, when Bitcoin reached its bottom after the recovery from the Mt.Gox pump, I made a plan: I wanted to buy as many Bitcoins as possible, because the major bear phase was over and the market was about to recover. I saw huge upside potential and told my wife about it. Also, I read about Wyckoff back then, realizing how perfectly well the Bitcoin market matches his description of the cycles markets move in. My initial idea was to go take a decent loan from the bank (we’ve had our first baby on our way, so we’d have good reasoning to ask for a loan), but decided to use our own money for speculative purposes, so we wouldn’t end up in debt if the trade goes wrong.

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Profiting From the Altcoin Markets Long Term

Bitcoin is making one All Time High after another; we’ve barely had a week without Bitcoin reaching record prices, in the past months. That being said, the Bitcoin market really started taking off after we’ve had a great Altcoin Season – and I think it’s safe to say it was the most intense Altcoin Season we’ve had, so far. Ever.

What normally happens after a bull market of such magnitude (even across multiple markets!) is a prolonged bear market, followed by a consolidation phase (Altcoins finding a bottom), just to start a new bull market. Regarding how huge the past season’s money influx was, it would only be natural to assume that the next Altcoin bear market would last a very long time… I even went as far as saying it might take anything between 0.5 and 2 years.

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Segwit2x: what’s next?

On approximately November 16th, the Segwit2x fork is scheduled to take place. There’s lots of rumors about what might and what might not happen, so let’s present the possible scenarios here.

Bitfinex has created – not for the first time – so called chain split tokens for that event (BT1 and BT2) which seem to be a good way to track the general sentiment towards the event.

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Preparing for the Next Shitcoin Season

Cryptocurrency markets move in cycles. Everyone knows that, but only few take proper advantage of it. People get caught by what appears to be general market sentiment, but in fact, those sentiments are carefully created by those who manipulate the markets to make people do what they want them to (a.k.a. what benefits them – the manipulators – the most).

A perfect example was right before Ethereum price started going nuts: trading volume was low, memes about Vitalik Buterin started appearing and ETH was referred to as dETH, indicating it’s all but worth buying. Needless to say that, retrospectively, that was the perfect time to buy. But with all the seemingly negative sentiment, people did the opposite and sold – right into the strong hands of the manipulators and those who know how to play the markets – just to find out they sold the very bottom.

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The Art of Shilling – Earn 1000 USD And More of Passive Income on Bitcoin / Cryptocurrency Related Trading Sites

Referral money from 2016-09-13 to 10-08

Referral money from 2016-09-13 to 10-08 (http://simplefx.biz/)

Shilling referral links… something which has been around the internet since ages. In earlier days, it was for random browser games, only giving progress in the game as incentive to spread those links. Cryptocurrencies and trading of these has pushed the affiliate business onto a whole new level: not only gives spreading reflinks financial incentive for the link’s owner – on most platforms, you’ll earn on each trade the referred persons make (either by spread or by trading fees), but most modern platforms also give incentive for users to actually use referral links, because you’ll get rewarded with lower spreads or fees than you’d get if you registered without using a referral link.
In this post, I’ll explain some methods to spread your reflinks successfully, so your Bitcoin wallet will hopefully soon gain weight similar to mine. I’ll go into details of what methods worked for me and which didn’t (so you don’t have to find that out for yourself), and I will give you some helpful information about how you can also start earning 4 digit amounts of USD in a month, or maybe even more.

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BTC Piggy Bank – An Idea For Those Who Believe in Bitcoin Long Term

I probably haven’t mentioned it publicly, but in December 2015, I became the most recent member of The Daddy Clubβ„’. Got a sweet, little, healthy daughter which changed my life in so many (positive) ways.
Those of you who are already members of said club might know that after birth, 1.) you suddenly become unappealing for anyone who visits you or gets to see you when the baby is with you and 2.) any possible presents and assiduities from friends and relatives go directly to the baby – which is part of the consequence of you becoming unappealing.

So, the baby was there and we got good wishes, congratulations etc from all people around us – and a bit of money here and there, so we can “buy something we need for the baby”. But as we already had most of what we needed, I thought that I could either use that money to buy myself a new notebook (hey, I’m just kidding; I wouldn’t do that!) or invest that money. So I decided to use any money we got from friends and relatives for our baby to directly buy Bitcoins and put it into a wallet, securely stored on a Ledger Nano hardware wallet.

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An Introduction to Trading on SimpleFX: Part 1: Setup an Account

Today, I will give you an extensive introduction to trading on my favorite trading platform, SimpleFX.

I like this broker a lot, and I’m using it on a regular basis for a variety of reasons:

  • the user interface is one of the best I’ve seen so far (everyone who is using the common cryptocurrency exchanges knows what I mean)
  • there is a MetaTrader 4 (MT4) integration
  • you can set your leverage as needed (up to 500x)
  • they have one of the best affiliate programs I have encountered

So, let’s get started: the registration process

The registration process is simple and straightforward. First, open an account on SimpleFX (using referral links benefits both sides – the one referring as well as the referred person) by clicking the green button “CREATE ACCOUNT” on the top right navigation bar.

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