Author Archives: Roope Kiuttu
Hello! I am Roope "Robert" Kiuttu, the founder and owner of YourOnlineRevenue.com. I created this website back in 2015 to help you to make money online. You can ask me anything and I'll be happy to help you out. I help people daily to make more money online and I love seeing people succeeding. If you want to get my 1-on-1 support and help to make money online as well, get started HERE.
Tron has gained so much popularity recently in the social media and cryptocurrency circles. It has even won some Gallups of the most potential cryptocurrencies in the world. The price became 10 times higher in a few weeks during December 2017 and probably new millionaires were born.
What is Tron? Is Tron a good investment? Who are behind this project? Does Tron have a future? If you are looking for answers to any of these questions, you have come to the right place. I hope you’ll find my article informative and it will help you to understand more this project. If you have any questions, feel free to ask them below and I’ll be more than happy to answer all your questions personally.
Before you run into the article, I want to give you an opportunity to take a look at my Tron video review. I underline and highlight a few important things about Tron coin. Enjoy! 🙂
UPDATE: I have bought Tron on Binance because I think there’s a great potential for the future.
Name: Tron (TRX)
Launched: 2017
Type: Cryptocurrency
Short Review: Tron seems to be a very potential coin. People are talking about it so much on social media that the value will most likely go up in the near future. Tron has also a great potential for the future but it depends on how well their development team will manage to build this project.
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Tron Coin official homepage is modern and futuristic.
Tron is a cryptocurrency created by a famous Chinese entrepreneur called Justin Sun. You can take a look at the whitepaper of Tron to find all the details about their project. It’s very thorough and explains their philosophy in a great detail.
The ICO (initial coin offering) of Tron was so popular that Binance crashed. Binance is one of the most popular cryptocurrency exchanges in the world. I’ll publish a review of it soon to tell you more about their services.
The value of Tron really jumped to the sky in December 2017. 6th of December people were trading it for 0,2 cents (=$0,002). The value started rapidly rising and Tron hit its peak back then in 21st of December. The value of one Tron coin has become more than $0,67. That’s a pretty big jump, huh? I wish I would have been part of that lol!
Let’s imagine that somebody invested $33,000 in Tron in the beginning of December. Now he would be a millionaire. That’s crazy. If you think that $33,000 is a huge amount, let me tell you that I gained +$50,000 with cryptocurrencies in less than two months and one of my best friends made +$1,000,000 in two days. So yes, people are really putting in lots of money and gaining as well.
I have mostly invested in the biggest coins that are already more stable than the smaller ones but if you want to make the biggest gains, then you would need to search for the best altcoin that has the greatest potential to grow in the future.
The value of Tron literally jumped into the sky at the end of 2017.
There are some so-called cryptocurrencies that are just scams, Ponzi schemes or something like that. Then there are real cryptocurrencies and projects that provide real value and try to improve the world. Some of the most famous crypto scams are BitConnnect and CoinSpace. Gladly, Tron isn’t one of them because it’s a real project by a strong team of developers.
There are two kinds of cryptocurrencies: Decentralized and centralized ones. The idea of decentralized cryptocurrencies is that nobody is running the show. Compare it, for example, to the current financial system. Big banks and governments are running the show are deciding what happens, how much money there is, etc. One of the first ideas of cryptocurrencies was that it wants to take the power away from the banking system that has too much power.
There are also cryptocurrencies that aren’t decentralized like Ripple for example. I think that Ripple project is great as it’s trying the improve the current system. It’s completely different than other centralized projects that were scams in the crypto world. Anyhow, Tron wants to be a completely decentralized cryptocurrency so a single institution isn’t running the show. Even though the goal is to be decentralized, somebody has to start the project and develop it.
Transactions that are made with Tron coin are recorded to the blockchain ledger. Actually, based on my research Tron supports numerous blockchain networks including Ethereum, Bitcoin, EOS, and Qtum which are all some of the leaders in the cryptocurrency world.
This enhances Tron’s utility and liquidity. Also, Tron’s ability to cross-platform transactions gives it a good edge against many other coins.
You are probably familiar with the word “Smart Contract” if you have read about Ethereum or NEO, for example. It easily enables users to access the features of the cryptocurrency. While Bitcoin provides an opportunity for a transaction of value, smart contract technology provides a possibility for transfer of value with specific requirements. I have read more about this in my other articles so I don’t go into details on this one.
I am a full-time Internet marketer and I have used Google and YouTube ads for making money. Then I know people who have uploaded their games to Apple or Android Play Store. One thing when working with these platforms is that the creator of the platform takes a large sum of the money. Exact percentages may wary but the conclusion is that a large number of earnings goes to someone else’s than to creators’ pocket.
The goal of Tron is trying to build a platform/technology that gives rewards and credit directly to creators. Actually, Tron is trying to build something else than just a platform. It tries to build a whole “Internet” where creators can get rewards for their work.
Justin Sun has been twice noted as 30 most influential Asians under 30. In order to achieve such an honor, you need to do something significant. If somebody has succeeded in his life before, he has good chances to succeed again. I believe that a person’s track record has often a big impact on his future. Not always but often.
I was working in a company where under my boss pretty much the whole team had quit the job. Then she became my leader. Guess how long I remained in a position? 1,5 months. She was a nice person but there was something wrong with her leading style. It felt that she didn’t believe in the employees enough.
That was just one example of my life where I have seen that the history and the track record shows the future results. Of course, history is never a guarantee for the future but it can give some good probabilities and signs how the future will most likely turn out to be. That’s why I think it’s a good thing for Tron that it has a strong leader who has received good results in the past.
Justin Sun has a pretty good background.
When I follow discussions in Facebook cryptocurrency groups I see that Tron is the favorite coin of many people. They are sure that the price will go up in the future. This hype has for sure a big impact on the short- and mid-term price of Tron.
When people talk about it, more people get interested and they buy it also. Actually, I heard about Tron for the first time in Facebook groups and I got interested because so many people were talking about it.
I talked once with one of my friends who is a great expert on Bitcoin. He has studied Bitcoin and other cryptocurrencies for thousands of hours. He underlined the importance of the community and the people that are using the coin. The best technology doesn’t help if nobody is using it.
He gave an example of Facebook. Everybody is using it because also so many other people use it. It may not have the best technology of all social media in the world but it doesn’t matter because everybody else is already using it. You can try to use some small social media but it doesn’t give you much happiness if none of your friends or family members aren’t there. The same applies to cryptocurrencies. There may be a small coin with a great technology but it doesn’t have a great value in the real life until many real people are using it and it has real-life applications.
On the other hand, we are still in the infancy of most cryptocurrencies and most of them don’t have very much real-life applications at the moment. That’s why investors are mostly ‘betting’ when they see the potential of one coin in the future. In 3, 5 or 10 years we’ll probably see more which coins will affect people’s everyday lives the most.
My friend recently bought around 15,000 Tron on Binance. I have used also Binance for Tron and I have invested more than him. Even though Tron isn’t the biggest cryptocurrency in my portfolio, I have still invested a significant amount on it because I believe in its long-term potential.
In my opinion, the easiest way to buy Tron is to get it on Binance. They have low transaction fees, easy-to-use platform and it was easy to get started.
Based on the factors that I explained in the article, I believe that Tron has a good potential. I can’t guarantee the growth but I’m pretty convinced that the price will grow at least in the short- and mid-term compared to fiat currencies.
At the moment I am personally investing mostly on the biggest cryptocurrencies but I may put a small amount of my portfolio to smaller coins like Tron. If you find the most potential coins, you’ll make a fortune. I have researched tons of different cryptocurrencies and many of their prices have gone up 10, 50 or even 100 times in a year. If you invest $1,000 in a coin that goes up 100 times in a year, you’ll have $100,000 when the year ends. Not bad, huh?
That being said, there’s risk with any kind of investing and you should also take that into account. I usually like to mention about proven ways to make money online as well. You probably know that you can make some money with cryptocurrency faucets and by mining but the rewards are so small that it’s not worth it.
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What do you think about Tron?
Is it worth buying or not?
How Much will the value be in the future?
(Disclaimer: This article is not an official investment advice. It only represents my personal opinions but shouldn’t be taken as an investment advice.)
There are more than 1300 cryptocurrencies in the world and the number is rapidly growing. One of the most popular ones is called DragonChain. It has quickly risen to the top-10 of the biggest crypto coins in the Universe and some people say it will keep its climb to the top.
Is DragonChain Legit? Is DragonChain a Good Investment? What is this project all about? In this article, I have gathered the information that I know about DragonChain. After you’ve read the text, I would be more than happy if you would share your own thoughts in the comments below.
In this video, I share my opinion and a few key thoughts about DragonChain. Watch the video all the way through and come back to my article. Usually, I show more details and facts in my articles and I highlight/underline a few key points in my cryptocurrency videos.
Name: DragonChain
Launched: December 2017
Type: Cryptocurrency
Short Review: DragonChain has a strong team of developers working on this project. Pretty much all of them have been working on Disney and they have a strong knowledge of technologies. The goal of DragonChain is to provide turnkey solutions for business that would like to use blockchain technology. Investing in DragonChain seems like a good opportunity at the moment but there are risks, of course.
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DragonChain is a project that started originally in 2015 and 2016 in Disney’s Seattle office as the Disney blockchain platform. That part of Seattle is also famous for other technology companies and some people may call it as “Silicon Valley 2” because of the huge knowledge in a small area. DragonChain was founded mainly by Disney employees (you can find the whole developer team on their website or on the white paper).
DragonChain was founded in Seattle, U.S.
The goal of DragonChain is to the most secure, flexible and business ready blockchain platform and ecosystem. Many companies would like to use the blockchain technology to improve their processes but they may find it too complicated. DragonChain wants to provide a “Turnkey blockchain platform for businesses”.
Some have called DragonChain as “Ethereum killer” because it uses similar technology like Ether. The developers of DragonChain say that using Ethereum can be complicated so they wanted to create an easier system.
Using their system can lead to several benefits:
If you are interested in investing in DragonChain, I recommend that you read through their white paper because it gives you a thorough information about their goal, vision, team, and technology.
To be honest, some cryptocurrencies are complete scams. They don’t usually give any information about their founders. The only thing they are trying to do is to pump up the price to the sky. When the price has risen enough, founders sell all their coins and flee to the mountains (or to the pools of Thailand to sip Coca-Cola by the swimming pool). Probably the most famous example of Cryptocurrency Ponzi schemes is called BitConnect.
That’s not the case with DragonChain. They clearly show who are their team members. They have links to their LinkedIn profiles where anyone can see their work history and education. I think that’s a good thing also for their marketing because most of them have worked (and are working) for Disney which is a reputable company. People associate Disney to something good and successful which brings more interest to their project.
When people are showing their faces and working openly on the project, it means usually that they are doing their best. If DragonChain would be a scam, they would lose all their reputation and opportunities in the future. Nobody wants to work with scam artists. Therefore, I believe that DragonChain is a legitimate project by people who are trying to create something good and meaningful.
You can find the whole DragonChain team on their website with faces, descriptions, and links to LinkedIn profiles.
You probably know that a big part of cryptocurrencies including Bitcoin is being mined. A certain amount was distributed earlier and at the moment 1,800 new Bitcoins are being mined each day. In 2140 we’ll reach the final amount which is 21 million Bitcoins.
The circulating supply of DragonChain is 238,421,940 and you can see in the picture below how they were distributed.
DragonChain Token Sale
Instead of being a currency DragonChain is rather a technology and platform that tries to make companies’ life easier. I don’t think that you could pay in McDonald’s, Subways or Expedia with DragonChain in the future like you can pay with Bitcoins already.
If you want to buy any cryptocurrency, you can always go to CoinMarketCap, scroll to your coin. Click to see the chart and then click, “Markets” to see where you can trade that coin. Let me show you where you can buy DragonChain at the moment:
UPDATE 26.4.2018! Nowdays You can buy DragonChain also on Gate.io. (Other DragonChain Marketplaces: Kucoin, EtherDelta, and Tidex.)
I created an account to Kucoin and I’m probably going to buy DragonChain on their platform. Kucoin doesn’t accept fiat currencies so you need to buy Bitcoin, Ethereum or another cryptocurrency on other exchange. Then you can send Bitcoin/Ethereum to your wallet on Kucoin. Then you just exchange your Bitcoin to DragonChain on Kucoin.
You can buy Bitcoin, Ethereum, Litecoin or Bitcoin Cash on Coinbase and transfer it to DragonChain (you get also $10 bonus through my referral link). I recommend that you transfer Ethereum rather than Bitcoin because then you need to pay smaller fees. The fees for moving your Bitcoin from one wallet to another are much higher at the moment than the similar fee for Ethereum.
As you notice, buying DragonChain isn’t as easy as buying Bitcoin or other big cryptocurrencies at the moment. That must change if DragonChain wants to be one of the biggest ones. I believe that their team is trying to negotiate with other platforms so trading their coin would become easier. Otherwise, many people just bother to buy it because it isn’t that easy as buying Bitcoin, for example. However, for an investor, it may be a good opportunity at the same time.
When any cryptocurrency is listed on a new exchange, the price usually goes significantly up. Do you remember what happened to Bitcoin Cash recently? It was listed to Coinbase and the price tripled in a few days.
DragonChain chart. The green line shows the price and the blue line shows DragonChain market cap.
DragonChain is still a relatively new coin. The first ICO was at the beginning of October 2017. You can also see in the picture above that CoinMarketCap started tracking the market cap since the beginning of December in 2017.
At the moment when I am writing this article, the price is around $0,80. It’s twice as higher than a few weeks ago but it has already dropped from its peak. The market cap is a bit less than $200 million at the moment. It’s not a huge amount if we compare to the biggest coins but think about it this way: A few guys in the Disney company started building something on the blockchain technology and now after 2 years people are willing to pay more than $200 million for these DragonChain coins. I guess we can call it a success story.
I think that DragonChain is worth investing at the moment especially if you are a supporter of a blockchain technology. The DragonChain team has a huge knowledge of technical things and they have a strong background. On the other hand, their project is still in its infancy (like many other cryptocurrency projects). That’s why I am not going to put a big part of my money to DragonChain at the moment.
One thing that you need to consider is that DragonChain doesn’t seem to be a similar “mainstream” cryptocurrency like Bitcoin, Litecoin or other ones that are designed using for transactions and purchases. Another thing that can hold back the growth of the market cap is the fact is that it can be bought in a few exchanges at the moment.
Despite these facts, I think that it has potential and I have personally invested in DragonChain. I have also recommended it to my friends and nowadays it’s easy to buy it on Gate.io.
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What do you think about DragonChain?
Is it worth buying or not?
How much will the value be in the future?
(Disclaimer: All ideas and thoughts that I represented in this article are my personal opinions and not official investment advice.)
Karatbars International takes an old trade and tries to make it relevant to an ever-changing market. I heard somebody saying, “This is one of the worst pyramid schemes they’ve seen in a long time!” Not only does the company try to sell gold bars that are well over the market price, but they sometimes attack and slander anybody who does not choose to sign up for their scheme.
Yikes!
Karatbars International Homepage
Karatbars International has been described as one of the classic MLM-companies: overpriced products and big promises In my review, I’ll answer also a big question, “Is Karatbars International a scam?”
Name: Karatbars International
Founded: 2011 by Harald Seiz
Cost: Starting at $135 up to $2172 + shipping
Type: MLM distributor system
Short Review: Buying gold bars isn’t that bad idea at all. I have considered it myself for several times for allocating my equity. At the moment, I am investing in stock market, real estate, cryptocurrencies and a few other things. If I would buy, I wouldn’t do it through Karatbars International because their prices are much higher than a real market price.
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Karatbars International is a global company that sells solid gold bars to members and distributors all over the world. The company operates like all traditional MLMs do, which only promises a profit if you are able to constantly recruit new members to your team and sell products to other people. This is the only way to increase sales and put some money back into your pocket.
The gold market is often a tough one to be in, especially since the approximate value of gold rises and falls on a consistent scale. It’s hard to guess how much you’d be able to make by selling gold at any given time. Usually, gold is considered as a way of storing value. Even when the stock market crashes every now and then, gold is a quite stable way to maintain your equity
Karatbars International charges far too much for their gold. The price tag is well over the actual worth of the gold. More details about this in the next chapter when I explain you about their products.
Anyway, I have to give some credit to their founders. They have chosen a pretty unique industry for network marketing. Gold bars aren’t very popular in MLM-businesses. Most of them are working in the health & wellness industry like Herbalife, Mannatech, Isagenix and thousands of others. On the other hand, I think there’s a good reason for that other MLM-companies aren’t selling gold bars. Anyone can buy gold easily from exchanges for a market price. The only way to have this kind of business is to take some extra from clients.
There is pretty much one and only one product sold by Karatbars International: Gold. They sell the gold in small quantities of 24 ct, or 999.9 ct. Purchase options are pretty flexible; you can buy something as small as 1 gram or as large as 30 grams.
The packaging of the gold is quite unique. It’s pressed into a flat square, making it look almost like a credit card. In fact, there’s even a barcode stamped on to it for authentication reasons.
The biggest problem I have with the Karatbars International gold bars isn’t just the high cost, but the low quality of the gold itself based on some sources.
Karatbars International gold isn’t any different than any other company’s gold. It’s very pure, and no alloys are added. Not only is it a soft metal, but this kind of gold can’t be used to make any kind of jewelry either. This adds insult to the injury of an already-overpriced product. In the picture below, you can see that 1g of gold through Karatbars International costs 56,66€ ~ $67.
Karatbars Gold costs almost 1,7 times more than the real market price of gold.
I checked that the market price of gold is at the moment only around $40 per 1 gram. It means that Karatbars takes 70% extra in their prices. That’s pretty much. What do you think?
There isn’t necessarily a starter kit, but rather a list of possible packages for you to choose from. Of course, each package goes up in price depending on how many products, contents, and bonus features you want.
For example, the most basic package is the “Digital Bronze 5 Units” package. With this package, you pay the lowest possible Karatbars International price of $135, and you are promised a 5% commission on anything you sell. This package comes with a discount card, a bonus card, and an opportunity to sell affiliate links for an additional profit.
That doesn’t even include the cost of buying your own supplies. The other packages immediately skyrocket upward in price, with the highest package, the VIP package, costing a minimum of $2172 plus shipping to get started!
Like all MLMs, there is the opportunity to recruit members to your team and make more and more money based on of their sales and commissions. In theory, there’s nothing wrong with this but the fact that their products are extremely overpriced makes it pretty unappealing.
Karatbars International Packages
In the video below one member of Karatbars International explains their compensation plan in a great detail. Keep in mind that he’s trying to sell the program for you so take everything with a grain of salt.
Karatbars International’s compensation plan is quite a tricky one to understand for some people. On the other hand, this compensation plan is no different than other convoluted MLM plans, with the exception of new terminologies that are made to confuse the target audience even further.
The plan uses the words “left leg” and “right leg” to explain basically how your system works as a leader of a steadily-growing team. They try to trick members into joining by promoting a heavily exaggerated earning projection of over $100,000 per month. If only it were that easy! Based on our research of more than 100 MLM-companies we have seen that less than 0,1% of members earn +$100,000/month.
Personally, I wouldn’t even want to get rich by selling overpriced products. I always want to promote products that have the best price/quality. It wouldn’t make me happy even though I would make $100,000/month if other people would be losing lots of money because of my promotions.
There have been multitudes of complaints about KaratBars International circulating around the Internet. First of all, one source argues that they made no money by investing in gold bars. That’s not a surprise if you are already paying 70% extra for these gold bars.
The biggest complaint about Karatbars International has come from the Federal level, however. The Canadian Financial Bureau, also known as AMF, issued an official “SCAM” alert across the entire country of Canada. This alert warns people to stay away from anything that is a part of or associated with Karatbars, whether through the Internet or in person.
This makes the legitimacy of this scam far more serious. When the government gets involved, it’s a sure sign that Karatbars International is up to no good.
Additionally, staff members of Karatbars International have been known to attack those who do not wish to promote their products. The company has been known to send rude and immature messages to members, former members, or reviewers of the product and packaging system. No matter which way you look at it, Karatbars is neither a legitimate nor a reliable company. It’s best to stay as far, far away as possible.
100g of gold through Karatbars International costs 2100€ more than from other gold stores.
I think the answer to this question is obvious. They are charging so much extra that I don’t see any reason why anyone should join their program. I would love to hear if you disagree 😉
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What do you think about Karatbars International?
Do you have experience with other similar companies?
In this article, I am going to present your facts and information about RaiBlocks. It will help you to answer the question, “Is RaiBlocks a Good Investment or just too good to be true?” At the end of this article, I’ll also reveal my own personal opinion.
Notice that I am not giving official investment advice but just giving my opinion based my own research. I hope you find it helpful.
UPDATE: Nowadays Raiblocks is known as Nano and you can buy it on Binance.
Before you go through the article I want to give you an opportunity to have a look at my video review of RaiBlocks. Afterwards you can read the whole text to get a more detailed picture of this cryptocurrency.
Name: RaiBlocks (XRB)
Launched: First Implementation Was Launched in 2014
Type: Cryptocurrency
Short Review: RaiBlocks has huge ideas: Unlimited scalability, instant, and free transactions. The technology is different than with other coins like Bitcoin. All coins are already distributed and no more will come to the pool. RaiBlocks/IOTA technologies make free and instant transactions possible but some people say it’s too good to be true.
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RaiBlocks is a decentralized cryptocurrency that is supposed to solve the problems related to the scalability. Technology is similar to another project called IOTA which is even more famous. Recently, IOTA became extremely popular and rose to the top-5 of the biggest cryptocurrencies after publishing their partnership with huge companies like Microsoft and Samsung.
You probably know that Bitcoin was the first cryptocurrency. After that many people have been trying to create a better technology because there have been some challenges with the Bitcoin’s technology. Sometimes transactions have taken up to 1 hour and there has been even $20 transaction fee.
Raiblocks technology aims to instant and fee transactions with an infinite scalability. It’s using different technology than Bitcoin. There isn’t mining with RaiBlocks because all coins are already in the circulation. You are probably familiar with this kind of things if you have read about IOTA.
If you are interested in taking a closer look at Raiblocks’ technical details, I highly recommend reading their White paper. It explains how transactions work and other important stuff. I need to admit that in order to understand it you may need to read it a few times.
RaiBlocks white paper explains all technical processes and details.
The Goal of RaiBlocks
I have sometimes seen the vision of RaiBlocks stated in the following way:
“It does one thing, and does it well.”
The goal of most cryptocurrencies is to enable the transfer of value (money). So, if you want to buy something, you could buy it easily. Or if you need to send money easily and fast without big fees, you could do it.
I mentioned above that RaiBlocks wasn’t mined like Bitcoin for example. At the beginning, Raiblocks were given to people who solved captchas. As you can imagine, the value wasn’t very big back then because solving captchas doesn’t ever give big rewards.
It’s said that many people even from cheap countries like Venezuela were using these RaiBlocks faucets to get coins. Then the rest of Raiblocks were distributed in 2016. Now all 133 million XRBs are already in the circulating supply. There won’t be more or fewer coins in the future because the amount will remain the same.
RaiBlocks isn’t mined like Bitcoin.
There are some cryptocurrencies that are hiding information about their founders and developers. Probably the most famous example of such shady projects is called BitConnect. Pretty much all reliable online entrepreneurs call it a Ponzi scheme or a scam.
With RaiBlocks the situation is completely different because they are openly showing their team members and giving information. In addition, it has a much more positive reputation than shady projects like BitConnect. This, of course, builds trust with the team.
You can find information online about Colin Lemahieu who is the leader of this project.
I want to underline this characteristic about RaiBlocks. With most cryptocurrencies, there are miners or masternodes who take care of transactions and get some reward for doing that. For example, Bitcoin and Vertcoin have miners and some people earn money with it. With other coins like Dash, there are masternodes who get also a reward.
Things are different with RaiBlocks because of their technology. I don’t know if you remember my article of IOTA? There I explained how their tangle technology works which enables free transactions. When people make a transaction in a tangle, they “confirm” two transactions that were made before them.
The fact that there aren’t miners or masternodes may help to make the cryptocurrency even more decentralized. Some people are saying about the Bitcoin that people/organizations who have big warehouses for mining have too much power. The same is said about the masternodes. Well, you don’t have that challenge with RaiBlocks.
On the other hand, you can’t then earn money for becoming a masternode or mining because there isn’t such thing. Still, some people are working on the project because they believe in its potential and growth.
First, let me tell you a little background about the price of RaiBlocks. It has been rapidly growing during the whole 2017. In March 2017 the price of one RaiBlocks was less than $0,01 (1 cent) and the market cap was a few million dollars. Then it grew to more than $0,15 per coin when we came to June 2017. The price dropped for a while until it started growing again.
The price still didn’t grow to more than $0,20 per coin before December 2017. Then something huge started to happen. The price of IOTA (the cryptocurrency that is using pretty similar technology) jumped to the sky and the same happened to RaiBlocks. It went from less than $0,20 per coin to ~$4 per coin in a few days. That’s so crazy! 😀
RaiBlocks growth didn’t look very healthy. That’s why it quickly went down after the bubble.
Of course, the price dropped from $4 but now a bigger audience started getting more interested in RaiBlocks. Before it had always been a pretty small coin but in December 2017 the market cap went to millions of dollars. There was certainly a bubble when it grew like 20 times in a few days but I think it still gave lots of more publicity to this project.
There are always lots of traders and players when it comes to cryptocurrencies but some people are behind certain projects no matter what.
At the moment, you can’t buy RaiBlocks on the biggest cryptocurrency exchanges like Coinbase, Bitfinex or Bittrex. That being said, there are still a few ways to buy RaiBlocks. You can buy them from:
RaiWallet.com Homepage
I see it as a positive thing that Raiblocks isn’t yet
I’m not a trader but rather I’m a long-term investor. IOTA and RaiBlocks have good ideas and visions but I’d rather choose IOTA at this point. Even though it’s more expensive than RaiBlocks, I believe it still has room for growth.
On the other hand, if Iota does well, most likely RaiBlocks will do well also because they are using pretty similar technologies. IOTA is more popular than RaiBlocks at the moment and it has several benefits.
More popularity => More people invest in the coin => The price and market cap go up => It gets even more popularity => Even more people invest into the coin => Developers (who own the coins), get more money for their project => the cycle repeats. That’s why it’s important how many people are already behind the technology.
I would also like to hear your opinions between IOTA and RaiBlocks. Which one is more potential in your opinion? Have you invested money on both of them like I have? Did you use Kucoin for buying Raiblocks?
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What do you think about RaiBlocks?
Is it worth buying or not?
How Much will the value be in the future?
Yesterday, I made an interesting interview with a real Bitcoin expert Frans Valli. It’s now live on YouTube! (Link in the first comment)
I ask Frans 7 tough questions about Bitcoins and about its future.
Frans has studied Bitcoins (and other cryptocurrencies) for thousands of hours and has worked in different Finnish Bitcoin companies so he knows the subject extremely well.
Here is a short summary of this Bitcoin interview:
I would love to hear your comments and opinions about the subjects that we talked about. We’ll consider make a new interview video in the future if we get enough good questions and discussion.
Also, if you have any questions regarding other cryptocurrencies, you can leave them in the comments below. I can answer you right away or create a full article a video for more detailed answer.
If you haven’t heard of Bitcoin before, I recommend taking a look at my article, What Are Bitcoins and How Do You Get Them? (And How I Made Already Easy 1500€ Without Lifting My Finger). Actually, I have earned tens of thousands of dollars with cryptocurrencies but the principles of Bitcoin are still the same like in the moment when I was writing that article.
Making money with affiliate marketing sounds simple and easy like the picture below shows.
4-step process for making money with affiliate marketing.
But as we know, simple doesn’t always equal easy. In this post I am going to give you 5 Awesome Examples of Affiliate Marketing Websites. When you see how things are done in practice, it will help you to do it yourself.
I know many of you prefer watching video instructions instead of reading a text. Therefore, I created to record you a video where I show clearly how you can make money with affiliate marketing as well. Watch the video carefully, ask me questions if you have any and read through the article then. I would be more than happy to help you out so let me know if you have any questions!
My website LanguagesAreEasy.com
Niche: Language Learning/ Courses and Other Resources
Type: Informational / Review
Affiliate Program: Several Language Learning Products
LanguagesAreEasy.com is my own website where I teach people how to learn languages more easily while having fun. I got an idea for this website when I was thinking about things where I am good at and how I could help other people.
I realized that I have lots of knowledge about learning languages that could help other people as well.
I earn money by explaining about different kind of language learning courses and resources. I explain, for example, that I learned French by listening to a free podcast called Francais Authentique. I mention that I only used their resources and they were extremely helpful. Most resources are free but they also have paid courses for those who really want to take French skills to the next level.
When people go to Francais Authentique website through my link and buys something, I earn a commission. I use the same strategy with other programs as well. Actually, I don’t even need to sell anything, I just explain how programs work and people want to try them out.
Dog webstie Here Pup!
Niche: Dogs
Type: Affiliate / Review
Affiliate progra: Several dog-related affiliate programs (+ads)
HerePup.com is a classical affiliate website. The website is full of content and I believe that dog lovers can spend even hours reading their articles. They seem to target specific keywords with their posts and drive traffic from Google search.
The site has lots “the best” -articles. For example, The Best Fish Oil For Dogs (5 Highly Effective Products). Then they have listed 5 different fish oils for dogs and the reader can click their link to buy them. Another example is, “How To Crate Train A Puppy (Plus 5 Excellent Crate Options).” They seem to monetize with Chewy.com affiliate program. Chewy.com is an eCommerce for pet products.
BestLongboardReviews.net
Niche: Longboards
Type: Informational / Review
Affiliate Program: Amazon Associates
BestLongboardReviews.net is a website with a simple idea in a specific niche. They write reviews of longboards and rank them based on different kind of factors like: Durability, weight, appearance, stability and speed.
I like the idea of the website because it’s pretty easy to create but it still can be highly profitable. Visitors can also leave their own reviews in the comments which adds value to the site.
They write reviews of every kind of longboards. Then they have links to Amazon on each article. When a visitor clicks the link and buys a longboard (or anything else on Amazon), the site owners earns a commission. We can honestly say that LongBoardReviews.net is a classical Amazon affiliate site. Notice that you don’t need to own all longboards to write reviews. You can follow my tips to make it successful and honest.
Football Snack Helmets by Jay Neill.
Niche: NFL / Sports Fans
Type: Informational / Review
Affiliate Program: Amazon Associates
This site is extremely interesting. It’s created by Wealthy Affiliate live training coach Jay Neill. He showed on Wealthy Affiliate’s live training how he created this site in front of our eyes. Jay explained the keyword research, showed when he built everything and showed how much money he makes.
He put only very little effort on building this site but it makes him thousands of dollars every year “on autopilot” (=passive income). I think creating this site took only like a few workweeks in total. We can certainly say it was success. You can take a look at the process how Jay built the site on Wealthy Affiliate live training archive. (I’ll leave a link below.)
The site shows football snack helmets of every NFL team. It just shows the basic details of the snack helmet and that’s it. Then they have a link to Amazon and when somebody goes and buys something, Jay earns a commission. A great thing with Amazon affiliate program is that he can also earn money when people buy something else. If somebody buys a TV with a snack helmet from Amazon, it means quite juicy commissions for Jay.
Top Ten Reviews is a huge affiliate marketing website.
Niche: No specific niche
Type: Review Website
Affiliate Program: Amazon Associates
Top Ten Review a little bit different than other in our list but it’s also a good example on how large an affiliate marketing website can grow. This website has reviews about everything between that you can imagine: Home products, health, business, outdoor, etc.
They have millions of unique visitors every month and I guess that the monthly revenue is measured in millions of ollars. They have also lots of employees who are actively testing new products and producing more content.
For a beginner it’s naturally difficult to create a site like this one but it really shows you the potential how much you can really earn with affiliate marketing. Even the sky isn’t the limit.
The website has lots of affiliate links to Amazon. So, when people look at their reviews and go to buy something from Amazon, they earn commissions. In addition, they have for sure the highest commission rates from Amazon and from other partner sites because they have so huge volume. Top Ten Reviews also uses ads and I think they make a nice income with them as well.
BONUS!
I promised to show you 5 awesome examples of affiliate marketing websites but I’ll show you another one as a bonus.
A great example of a fast-growing review site is WAH Pursuit. They publish reviews of different Internet marketing & make money online programs providing the latest information for their readers.
You can check out their review of Parallel Profits to get a better idea how it looks like. They’re using a simple yet powerful layout leaving lots of white color and making their reviews easy-to-read for visitors.
You have seen these sites and probably thought in your head, “Well, I could do that as well. It’s not that complicated.” Or if you are new to affiliate marketing you are wondering how to build basic website like in these examples. The key to making money with affiliate marketing is taking action.
A few years ago I didn’t know anything about making money with affiliate marketing but a guy showed me on his website that I could make money by promoting products on Amazon and I was astonished. Then I found the Wealthy Affiliate training that taught me step-by-step how I could make money with affiliate marketing as well. I’m glad I started the training and took action because it changed my life. Now I can travel around the world while making money online. I would be more than happy to help you as well. I love to see when people succeed.
Submit your email in the box below and you’ll get my tips or click the link below to start a step-by-step training that taught me everything about affiliate marketing. I will send you a personal message inside the community and you can ask me any questions you want. I’ll be waiting for your reply 🙂
There are numerous companies promoting vitamins, supplements, and other wellness products. One interesting one is called Le-Vel Thrive. If you are reading this article, you’ve have probably thought of joining the venture but hesitant since you are not sure whether it is a legit business opportunity or not.
In this article, I am going to answer your question, “Is Le-Vel Thrive a Scam or really worth it?” I am not affiliated with the company in any way so you don’t need to be afraid that I would be promoting their system or products to you. I will just provide the facts so you can make an informed decision whether the Le-Vel Thrive would be worth joining or not. Let’s get going!
This is how they are advertising Le-Vel Thrive.
Name: Le-Vel Thrive
Founded: 2012
Cost:$100-$300 (Enrollment package)
Type: Health and Wellness products. (Multi-Level Marketing = MLM)
Short Review: Le-Vel Thrive is, in my opinion, a legitimate multi-level marketing company despite various complaints. They provide interesting health & wellness products that are a little bit different than other ones in the same industry. Still, making money with Le-Vel Thrive requires a huge effort, discipline, and persistence.
There is one shortcut how you can make money faster with multi-level marketing. You can learn it by following this step-by-step training. It won’t make you rich overnight but you’ll learn a strategy that the most successful network marketers are using nowadays.
Le-vel is a health and wellness, MLM marketing company started in 2012 by Jason Camper and Paul Gravette. The aim of the company is to provide and sell products made with raw natural ingredients including Winalite, Daxen, and SBC. Despite competition from so many companies promoting the same products, Le-Vel has managed to perform well in the market.
A funny thing is that the popularity of this company starts going down often when we move from the Summer to the Autumn. But then starting from January it goes up when people start making new year resolutions and decide to “have a new life”.
The popularity of Le-Vel Thrive on Google Trends. You can see how it fluctuates during the year.
Le-Vel Thrive’s major competitors are Plexus, Visalus, Herbalife, Mannatech and many other MLM-companies in the health & wellness industry.
Often people (including myself) say that MLM-products are extremely expensive but don’t provide better value than similar products from the supermarket. Let me show you the details of Thrive products. I would also like to hear your opinions about their pricing.
Le-Vel thrive has 4 main products and another 8 Thrive plus products in its collection of health and wellness products. The main 4 include:
Famous YouTuber “Woo Fit” was trying Le-Vel Thrive products on some of his videos.
The other 8 thrive plus products derived from the main products include:
Personally, I don’t get so excited about MLM-products. Why don’t they just put normal prices and sell them in the supermarkets? Well, probably I already know the reason. Without putting high price tags they couldn’t pay so juicy commissions for their salespersons. Anyway, I prefer only promoting products that have the best price/quality ratio. Click the link below to learn how I do it.
The only thing required is purchasing a standard or an upgraded package after enrollment. Package prices range from $100 to $300. To start earning commissions, you’ll need to become an active member and a qualified affiliate by purchasing a minimum of $100 worth of product.
That’s a pretty normal startup cost for a network marketing business opportunity.
The video below explains the Le-vel Thrive compensation plan presented by one of their members. It’s informative but keep in mind that he is trying to sell the program to you.
Brand promoters who make good sales are well compensated. Through retail sales, you will be able to earn up to 20% commission on all your sales. There are various bonuses such as fast start bonuses, infinity fast start bonuses, GO VIP bonuses and an iPad mini bonus. Similar to most MLM companies, Le-Vel Thrive compensation plan is all about building a team of promoters if you want to get huge commissions.
If you stick long enough with Le-Vel and achieve certain qualifications, you become eligible to for “Lifestyle Getaways”. The destination changes every time and there are usually tickets for two to enjoy a vacation. However, you should know that moving up the ladder is tough as it requires you to maintain a product volume of 4,000 per month. So, unless you are an MLM pro, you’ll be stuck at the lowest rank and will not be eligible for the larger and more glamorous bonuses and rewards.
You’ll be able to earn free product and completely different rewards, such as, the iPad mini or perhaps an exciting getaway. The rise of individuals with the will to be healthier and find into form has been increasing, that provides a way of job security. Remember that people who make big money with Le-Vel Thrive are usually working full time for the company and they have years of experience in the industry. Of course, there are some exceptions also…
Unless you are using this powerful method, you may have a hard time to make big money with Le-Vel Thrive.
Le-Vel Thrive on BBB.
The Le-vel company has earned The Bravo Growth Award from DSN international a hundred and has earned over $5 million bucks in exactly a bit over three years. Combined the founders Gravette and Camper have over forty years of expertise in business, permitting them to make a durable foundation. So far the corporate has over two million client accounts.
Although Le-vel Thrive’s merchandise has reeled in money rather quickly the corporate continues to be terribly new, which means there square measure doable risks of the business going downhill even as quick because it went up.
There’s already such a lot of health and upbeat firms that are better-known and trustworthy for many years, this suggests there’s a great deal of competition. The Thrive merchandise square measure slightly over-priced, as well as, the same as alternative merchandise already in the market. The DFT and SGT technologies square measure aforesaid to be of the most recent round with scientific backing from their own scientists. It may take years before any negative results or reactions occur.
Le-Vel Thrive has a positive rating on BBB (Better Business Bureau) even though it’s not BBB accredited. Despite tons of positive reviews, there are also 181 customer complaints at the moment. Their products really seem to divide opinions among their customers.
I would like to give you 4 criteria that help you decide whether this business opportunity is worth it or not:
If you answer, “Yes!” to all of those questions, Le-Vel Thrive could be a great opportunity for you. I don’t have enough time for Le-Vel Thrive at the moment because I’m making good money with other ones and I can’t say that I love their products. Therefore, it wouldn’t be a wise decision for me to join.
I know an effective strategy to make money with Le-Vel Thrive and I’m a hard-working person. Those two details help me to make money online even while I’m sleeping, swimming, hanging around with my friends or traveling the world. I would be more than happy to help you hand by hand so you can achieve the same freedom as well. Just click the link below to get started.
Have you tried Le-Vel Thrive? What kind of experiences did you have?
Have you participated other network marketing company in the past?
I noticed that hundreds of people are asking questions about this cryptocurrency on Google, “Is Zcash worth mining? Is Zcash a good investment? What is Zcash all about?”
Therefore, I decided to write this article to answer your questions. I believe you’ll find my Zcash review helpful and valuable. If you have any questions and comments after reading my article, you can always leave a comment below and I’ll be more than happy to help you out.
Before you dive into my full Zcash review below I want to give you an opportunity to have a look at my Zcash video. Then you can read more details below after watching the video.
Name: Zcash
Launched: 2016
Type: Cryptocurrency
Short Review: Zcash falls into the “same category” with Monero and other privacy-focused cryptocurrencies. If you think that they have a good future, investing in Zcash is a reasonable option. Mining Zcash is more profitable than mining many other coins but I still think it’s not worth my/your time. In my opinion, there are better ways to make money online than mining cryptocurrencies.
Zcash Homepage underlines their privacy functions.
Zcash is a decentralized open-source cryptocurrency just like pretty much all of them. However, it puts a higher emphasis on privacy than Bitcoin, for example. It means that in transactions the sender, recipient and value are hidden on blockchain. Zcash is often compared to another privacy- and security-focused cryptocurrency called Monero.
Zcash has a nickname, “SSL version of Bitcoin”.
Zcash transactions are extremely fast and sometimes it has taken only around 6 milliseconds to verify a transaction. In that sense Zcash can be compared to Dash which is also famous for almost immediate transactions.
Zcash has several obvious benefits compared to many smaller and unknown coins. They show their team transparently and openly. Many people are saying that the team behind Zcash is full of “cryptocurrency experts” who have a long background in the industry.
Of course, nobody yet has a huge experience because these technologies are relatively new but there is still a great difference whether founders have 1 or 7 years with cryptocurrencies. We can confidently say that Zcash is far from dishonest coins like BitConnect, for example.
Fast transactions and high security/privacy can also be seen as great benefits. Usually, everyone wants to keep their money safe so other people can’t see the transactions. But it has also some drawbacks.
Some regulators aren’t so happy about completely private coins because it opens new opportunities for criminals. When transactions are completely hidden and untraceable regulators can’t see if criminals are moving money from one to another. It can also help some people to avoid taxes. This can affect negatively to the value of Zcash if regulators decide to make some rules against completely private cryptocurrencies.
There has been also some controversy around Zcash just before its launch. Around 10 percent of all coins were mined within a short period of time so founders got their own big part of the cake. The price of Zcash was also pretty high right after the launch but it dropped quickly close to 0. It started a steady rise in the Spring of 2017 like many other coins and the value exceeded momentarily $1 billion before the end of 2017.
Yesterday we talked about Vertcoin and said it’s one of the most profitable coins for mining. Still, we came into a conclusion that mining Vertcoin isn’t most likely worth it because there are many more profitable ways to earn money online.
As I mentioned in my Vertcoin review, mining cryptocurrencies won’t make you rich. That applies also to mining Zcash. Yes, you can earn some money with mining but not very much. People have been able to earn around $10 by mining Zcash but I think the rates are even going down.
Mining cryptocurrencies is mostly passive income which means that you don’t need to work but money still keeps on coming in. Still, you need to have a computer, pay for the electricity, check that the computer is mining and so on. It doesn’t make much effort but if the reward is less than $10 per day I don’t think it’s worth it. That’s why I don’t do it myself.
I would love to hear your opinions in the comments below this article. Do you have some experience of mining different crytpocoins?
You can see estimated earnings of Zcash mining on several different websites.
Now when I am writing this, we are coming to the end of the year 2017. The market cap of Zcash is almost $1 billion.
When the price has grown from less than $40 to more than $300 in under a year, many people are wondering whether the coin is still worth buying or not. Actually, the same phenomenon has happened to almost all cryptocurrencies.
Pretty much all cryptocurrencies started rapidly rising in the Spring of 2017. The prices doubled, tripled and quadrupled. Some prices went from 1 to 50 within a few months. That was insane. It was probably the first time when a big audience and masses started hearing about these new technologies.
Now the popularity of the blockchain technology and cryptocurrencies is growing even more and I believe that the price of Bitcoin will pass $50,000 during 2018. Then the question is, “What will happen to Zcash?”
My prediction is that the value of Zcash will keep on going up also in 2018. They have a potential coin and an experienced team of developers so I don’t see any reason why it wouldn’t rise. However, I am not yet 100% convinced about the long term value of Zcash.
Zcash price (green line) and market cap (blue line) from its beginning until December 2017.
If you like Monero and you are investing money into it, Zcash would be a natural choice for investment as well. They work with very similar principles and if the value of Monero goes up, I believe that the value of of Zcash will go up.
Investing in Zcash or in Monero is, of course, riskier than allocating your money into the stock market but it can also give much higher rewards in the future. Blockchain technology and cryptocurrencies, in general, gave a potential of changing the world. Nobody knows what will be the situation after 5, 10, 20 or even 50 years. Will fiat currencies (dollar, euro, yen, etc.) be replaced by cryptocurrencies? Will banks start going down little by little?
At the moment the future of cryptos looks bright and many people are saying that this is going to be another revolutionary thing after mobile phones and the Internet. As you may remember, there was also a dot com bubble in the beginning of 21st century and prices were extremely volatile in the stock market. Now we are seeing somehow similar phenomenon with cryptocurrencies. Prices can go up or down even 20% in a single day. Recently we saw that the price of IOTA quadrupled in less than a week.
So, anything can happen and I want that you make your research and homework before putting lots of money in. I have a significant amount of my capital in different cryptocurrencies and I’m pretty convinced they are going to make me good money. I believe that some coins will drop “from the race” and it’s a bit challenging to say which one are going to be winners in the long run. I would love to hear your opinion.
Anyway, before we wrap up I would like to offer you another opportunity for making money online. This training has turned thousands of complete newbies into full-time online entrepreneurs all over the world. I am not talking about any get-rich-scheme but a step-by-step online business training. Read more by clicking the link below. I have used it myself for more than 2 years and I’m so glad I found it.
What do you think about Zcash?
Is it worth buying or not?
How Much the value will be in the future?
(Disclaimer: All thoughts on this article are my personal opinions, not official investment advice.)
Is Vertcoin Worth investing? What is the coin all about? Is Vertcoin mining profitable? When is the right time to buy?
If you are looking for answers to any of these questions, you have landed on the right page. In this article, I am going to tell you about one of the oldest cryptocurrencies called Vertcoin. I am sure you’ll find my Vertcoin review informative and valuable.
Official Vertcoin Website Is Clean and Informative.
Name: Vertcoin
Launched: 2014
Type: Cryptocurrency
Short Review: Vertcoin is a pretty similar cryptocurrency compared to Bitcoin and Litecoin. However, they are trying to make some improvements compared to them. It uses Next-gen ASIC resistance and was the first crypto that implemented stealth addresses. Vertcoin mining is also more profitable for an individual user than mining Bitcoins which has made it interesting for some individuals.
As always, I have to say that investing in cryptocurrencies involves some risk but also a great potential. Vertcoin is a potential crypto that can make great of the time course. On the other hand, some people say it’s unlikely that Vertcoin would beat Litecoin or Bitcoin.
If you are looking for a proven way to make money online, I recommend taking a look at this step-by-step online business training.
Before you start reading my full article I want to give you an opportunity to take a look at the Vertcoin video that I have created for you. In the video, it’s also possible to show and discuss the things that aren’t so easy in the text format. Enjoy! 🙂
Vertcoin was released on January 8, 2014, and it’s one of the oldest peer-to-peer cryptocurrencies. It works in a similar way like Bitcoin (and Litecoin) but they have added a few additional features including stealth addresses and ASIC resistant Proof-of-work (PoW) function.
Quick Vertcoin analysis on CoinCheckUp.
They want to underline and emphasize that Vertcoin is decentralized cryptocurrency that large banks or other organizations don’t own. It doesn’t have only one algorithm for mining but five that are united. In practice, it makes it possible for an average individual to mine Vertcoin much more easily than Bitcoin, for example.
With Bitcoins, it requires much larger resources to mine coins. That has lead to a situation where an average individual doesn’t have good resources for mining. Some companies or groups have bought even warehouses where they mine Bitcoin. That’s fine but if only a small group makes all the mining, the idea of decentralization may fail. That is not going to happen in the near future but Vertcoin technology enables mining also for people who don’t have many resources.
Right after its launch, the price of Vertcoin was high but they dropped pretty fast. The market cap of Vertcoin went from over $6 million to less than $100,00 in a few months. Some people thought that this cryptocurrency is dead and won’t rise again. However, in the Spring of 2017 it started growing again and by the end of 2017, the market cap had risen to more than $400 million. People had to admit that Vertcoin must be taken seriously.
First of all, I need to mention that Vertcoin is a cryptocurrency with a real potential unlike Ponzi schemes such as Bitconnect. The team behind Vertcoin wants to make everything transparent and open. That naturally builds and makes it
They have, of course, many other benefits but I want to raise two of them now. If you are interested in reading more, you can always take a look at their official website.
Bitcoin is often criticized for slow transactions. Sometimes people have reported that it took even an hour to make a payment with Bitcoin. Even though this is a short time if we compare to banks, it’s still a long time in the world of cryptocurrencies. Vertcoin implements a lightning network technology that could enable a huge scalability and immediate transactions.
Vertcoin has one of the most active communities in the cryptocurrency world. You can discuss with the community members on Facebook, Twitter, Discord, and Reddit. Some people say that having a community doesn’t add so much value but I disagree. Having an active community has several benefits if you are considering in some cryptocurrencies. It means that many people already see potential in the coin and are interested in using it in the future.
In the end, it doesn’t help even if the technology of cryptocurrency would be good if there isn’t a community using it. Vertcoin is a much better investment option than some unknown coins that have little or almost no community at all.
If you have taken a look at the official Vertcoin website, you have probably seen the following statement:
“Mining should be fair & easy! “
You don’t need large warehouses or ultra-fast computers for mining Vertcoin. It’s possible to mine it also with a normal computer. Basically, you just need to get a Vertcoin wallet and download the mining software to your computer. They call it a “1-click mining” because it’s made so easy that you can almost mine with a single click. You can take a look at the picture below how their mining software looks like.
Vertcoin mining software
First of all, I want to say that mining Vertcoin or any other cryptocurrencies just with one or a few computers won’t make you rich. Yes, you can earn some money but it’s not anything very significant unless you have several computers running at the same time. Even though it’s easier to mine Vertcoin than Bitcoin it doesn’t mean that it would be a gold mine! 😉
A good thing with mining is that it can run in the background of your computer while you are doing something else or while you are not on your computer. In the other words, you are earning passive income which is a great thing. You can choose pools that you want to mine. Once the software has finished with one of them, it will automatically move to the next one.
That being said I need to admit that mining Vertcoin or any other cryptocurrency isn’t 100% passive income. You still need to download a software, learn to use it, select pools for mining, maintain your computer, etc. Most of those activities don’t take so much time but there are more profitable ways for making money online than crypto mining, in my opinion. Have a look at my this money-making opportunity. I have used it myself for +2 years and I can recommend to you as well.
At this point, you are probably saying me, “Roope! Tell me how much money can I earn??” I admit that I don’t mine myself because there are more profitable ways to make money but I have listened to experiences from people who have done so. At the moment you can make approximately $5-10 per day with mining if you are using a basic computer.
First, let’s take a quick look at the price chart of Vertcoin:
The price (green line) and market cap (blue line) of Vertcoin between January 2014 and December 2017.
As you can see from the picture above, the price of a Vertcoin was close to $0 for a long time. Then it started growing in the Spring of 2017. When we came to the December of 2017 the value of one coin was around $10. That price is almost 500 times higher than it was one year ago. In the other words, we can confidently say that it would have been a great investment to buy a Vertcoin when the price of one coin was less than $1.
When the price was around $5-6 some crypto YouTubers said the price is so high that it’s probably just the best to wait for the dip. If you have been following the cryptocurrency world, you have probably heard that phrase also before but then the price of a coin just exploded to the sky. Vertcoin didn’t literally explode but the price doubled within a short period of time.
You are probably asking whether Vertcoin is worth buying any more or not. I am myself usually a long-term investor rather than a short-term trader so I would rather think about the long-term value of Vertcoin. Will it be higher after 2, 5 or even 10 years?
In my opinion, the biggest question is whether it really can compete with Bitcoin and Litecoin. At the moment Vertcoin is far behind and those two bigger coins have a much bigger user base. If Vertcoin technology is really better, it could be worth buying. I recommend making a profound research on technical aspects if you are interested in putting big money. Otherwise, I would just bet on Litecoin and Bitcoin. (Disclaimer: This is just my personal opinion and not an official investment advice.)
Vertcoin is a potential investment. It has a team of developers who are doing their work to make the coin better. Vertcoin has additional features compared to Bitcoin which can give it a slight edge in the “cryptocurrency race”. On the other hand, Bitcoin has still a huge user base and it’s completely dominating the competition.
If you like “betting” small amounts for different potential cryptocurrencies, Vertcoin can be one of them. But if you are going to invest lots of money, I recommend that you make a further analysis also on the technical aspects comparing Bitcoin, Litecoin, and Vertcoin. Then make a decision based on your research.
As I mentioned in the beginning, investing involves also some risk so you need to be ready to lose your money in the worst situation. If you want to have a proven method to make money online, take a look at my #1 work from recommendation (especially for beginners).
What do you think about Vertcoin?
Is it worth buying or not?
How Much will the value be in the future?
