What is Zclassic? Is Zclassic a Good Investment? What is the Best Time to Invest in Zclassic?
For above and any other question about Zclassic, you have come to the right place. In this article, I will help you understand Zclassic in depth so that you may know whether it is a good investment or not. Let’s start!
Zclassic Review
Name: Zclassic
Launched: 2016
Type: Cryptocurrency
Short Review: Zclassic is a cryptocurrency forked from Zcash to provide a higher degree of privacy. Zcash charges a 20% on all miner rewards, which is directly sent to Zcash developer fund. This has left cryptocurrency enthusiasts with a lot of questions about Zcash. Zclassic has removed this fee and miners earn their full reward for their contribution.
The value of Zclassic has recently crashed and investing it has proved to be extremely risky. If you prefer more secure and proven ways to make money online, I advise you to follow this step-by-step training.
Message from the Zclassic homepage.
What is Zclassic?
Zclassic is a cryptocurrency that has removed the unfair mining reward cut and it is not intended for creating an artificial scarcity like Zcash. Zcash was designed and developed to solve some of the privacy issues associated with Bitcoin, but there are a number of issues associated with this cryptocurrency. Another famous privacy coin is called Monero.
One of these issues is that Zcash founders take 20% of the miners’ rewards, meaning that they have a direct control over 10% of the entire monetary supply. Also, Zcash has a slow system built into it, which makes it difficult and slow to mine the first 20,000 blocks. This has also led to a potentially inflated market price. Zclassic has removed all of these features.
How Does Zclassic Work? / Benefits of Zclassic
Zclassic is a fork of Zcash, the privacy coin but with no “founder’s tax”. The founder tax was implemented as a way for the Zcash creators to make money from the Zcash transaction fees- not interesting! Zclassic is an open source cryptocurrency coin. After the introduction of Zcash, it was a bit hard for long-term investors to enter Zcash market at any time.
This led to hyperinflation and the prices were artificially raised to ridiculous heights. In the first trading day, there was a limit of about 11 Zcash coins for all miners, exchanges, and investors. This led to a disaster as some individuals had to pay over 300 BTC for a single Zcash coin. Today, a single Zcash coin trades at 0.075 BTC.
Zclassic has removed this uncertainty of hyperinflation by beginning at full 12.5 block rewards. In Zcalssic, there is also no need of creating artifificial scarcity as is the case with Zcash. This has led to the shaping of an appropriate economic model to create a realistic market. Investors have also gained confidence to participate in the market.
Zclassic employs a number of principles in a bid to provide anonymity and privacy to its users. The user has to take his secret key then destroy it to ensure the system is secure. Just like Bitcoin, Zclassic transactions are recorded then published on the blockchain. However, no information about the sender, receive or the amount is visible at any time.
This makes Zclassic one of the most secure cryptocurrencies in the world. This is achieved by use of the Snark cryptographic technique which other cryptocurrency developers have expressed a lot of interest in. Most people today are in need of financial privacy and anonymity. Since Zclassic provides its users with these, it is one of the most promising cryptocurrencies.
It is expected that a total of 21 million ZCL will be brought into circulation in the next few years, which clearly shows that the Zclassic development team is following a similar issuance model as Bitcoin. So far, about 3.246 million ZCL coins have been mines, meaning that both the Zclassic development team and the miners have a lot of work to do. The coin is doing very well in the market, but its value is still lower than that of Zcash itself.
The introduction of Zclassic provided the community with an equal chance of investing in the project. Zclassic provides a decentralized coin with no company or top-investors behind it. The coin has no slow start providing an equal opportunity to all investors. However, despite the benefits associated with the project, it faces a number of risks just like any other project.
There is news that Zclassic will be rebranding itself to Bitcoin private (BTCP). However, a lot is expected to be done other than simply changing the name. The underlying Zclassic protocol will have to be changed, meaning that Zclassic will go through a hard fork. However, the Zclassic tea had not foreseen the problems associated with this.
One of these problems is about the cryptopia exchange since they are suffering from withdrawal issues of Zclassic. Cryptopia is normally viewed as the last resort exchange in which coin developers can have their coins listed. This is why the Zclassic community wanted the issue sorted out.
Based on some sources: Currently, there is no development team working on Zclassic since the old team is focusing on BTCP. No team or developer has come forward to state that they are planning to keep Zclassic up to date.
Before BTCP was announced, the price of the ZCL coin was $2 or even less. It is believed that the price went up simply because people wanted to get BTCP and they had to buy ZCL in order to get the BTCP. This means that there are high that individuals who invested in ZCL only wanted the BTCP rather than ZCL. There is a risk in that the price of ZCL may only rise if the individuals announce another fork such as BTCP.
Zclassic Team
Zclassic has a team of active participants coding the source code behind Zclassic. However, the team has no marketing or sales staff which could have played a great role in spearheading the growth of the coin. Zclassic does not publish social profiles or bios of their team members, and this makes it harder to know the individuals behind the project.
Zclassic does not also update their blog on a regular basis, which has made it hard to tell their progress on the project.
Zclassic Community
You can find Zclassic on the following social media platforms.
GitHub +10K commits have been done on their repository
Twitter +13K followers
Telegram 7k members
Reddit
Discordapp
The discussion on Zclassic’s Telegram group is very active.
Is ZCL Worth Buying?
In 2017, Zclassic attracted an average price of $1.7. By the end of 2017, when Bitcoin had surged up to $20,000, ZCL had reached as high as $93. By 7th January 2018, ZCL had reached $248 with a market cap of over $400 million. Thereafter, the price fluctuated to touch a low of $61 on February 6th when the rest of coins had plunged in price.
The coin has since then regained its strength. Currently, the coin is trading at about $173 with a market cap of about $375 million when we started writing this article.
However, when we finished this article, the price of Zclassic had dropped to less than $10. In the other words, the price of Zclassic completely crashed! Take a look at the chart below:
The price of Zclassic was less than $10 for a long time. Then it suddenly jumped to more than $200 in a short period of time. Then it came back again to less than $10. Was there a pump & dump?
ZCL Price Prediction for 2018
It is a bit hard to predict whether Zclassic is headed to the moon or whether it is about to crash even more. It has recently gone all the way from +$200 to less than $10 so we can safely say that Zclassic has a huge volatility and something strange is happening with this cryptocurrency.
Conclusion – Is Zclassic a Good Investment?
I don’t think so! Given the market volatility of this coin, it is not safe to invest in it. I will urge you not to buy or trade Zclassic as an investment but purely speculation. However, it is possible for you to profit from an increase in the price of ZCL, and shorting the coin may make you profit from a market crash.
However, there is so much uncertainty in the market, and you can only make an educated guess about the direction of the price or the market mood. If you are not aware of the fundamentals, then you will almost be gambling.
If you want to maximize your online revenue (with or without) cryptocurrencies, we advise you to take a look at this step-by-step training. It has taken the founder of this website (Roope Kiuttu) from a complete newbie into a full-time online entrepreneur.
What are your thoughts on ZClassic?
Have you Invested in ZClassic?
Let’s discuss in the comments below!
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is Reddcoin? Is it a Good Investment? What is the Best Time to Invest in Reddcoin?
If you have any question about Reddcoin, this is the best platform for you to get an accurate answer. In this article, I will give you insights on what you should consider before investing in Reddcoin. Enjoy!
Redccoin Review
Name: Reddcoin
Launch: 2014
Type: Cryptocurrency
Short Review: Reddcoin is a decentralized cryptocurrency developed solely to be used on social media platforms like Twitter, Facebook, YouTube, and Twitch. It was geared towards making sending and receiving money on social media platforms fast, easy and efficient. Suppose you are on Facebook and you enjoy reading a post, you can send some Reddcoin to the lucky user at no fee! This will encourage users to create good quality content on social media.
Like always, we remind you that investing in Reddcoin or any other cryptocurrency involves risks. If you want to learn a more secure and a proven way to make money, we advise you to follow this step-by-step training. Actually, it has helped me (Roope) also to make more money with cryptocurrencies so I can honestly recommend it.
What Is Reddcoin?
Reddcoin was created from the need to create a cryptocurrency to be used on social networks. The technical details underlying Reddcoin are not complex as it relies on scrypt hashing algorithm which is still used in Litecoin. Reddocin also had a block time of 60 seconds which is similar to the other cryptocurrencies.
Reddcoin also has a high cap coin, with the total finally being 27.5 billion RDD. However, Reddcoin has released a new and updated algorithm known as POSV, that is totally unique and it is progressing well towards bringing in new features.
How Does Reddcoin Work? / Benefits of Reddcoin
Reddcoin is a social currency that enriches people’s lives and makes it easy for people to use digital currency. It has achieved this by integrating a platform for digital currency with nearly all the major social media platforms in order to make the process of sending and receiving money easy, fun and rewarding to every participant.
Reddocin has the Proof of Stake Velocity (POSV) algorithm that encourages both activity (velocity) and ownership (Stake). The POSV algorithm helps in solving the problems users experience when using the PoW (Proof of Work) and POS (Proof of Stake) algorithms. It also eliminates the wasting of electricity in mining process.
The Reddcoin decentralized Tip platform provides the users with a way of sending and receiving digital currency on social networks to anyone despite their location in the world and support creators of content via micro-donations. Reddcoin Redd-ID refers to a unique service provided by the blockchain for a user to associate a username with some rich information such as public keys and social network identities.
Reddcoin homepage is very colorful and attractive.
Reddcoin broadcast gives businesses crowd-sourced and powerful marketing tools and reliable Reddcoin income to people based on how influential they are on social media. Reddcoin ReddWallet is a modern wallet providing a number of social features as a way of increasing the engagement amongst users. These features are also good for improving the security of the decentralized network.
In Reddcoin, you earn rewards from staking rather than from mining. At stake, you are expected to keep the wallet unlocked and have some RDD in the wallet. The wallet participates in validation of the network transactions, and this is how you earn rewards. The more the amount of RDD you have in your wallet, the more often that you stake. The integration of cryptocurrency with social media is expected to drive the awareness of cryptocurrencies across the world.
Risks of Reddcoin
Most cryptocurrency lovers have been shocked by the low price of Reddcoin. Some individuals have taken advantage of this to buy and hold the amount of Reddcoin that they need. People have raised complaints about this low price of Reddcoin on the subreddit and the community. The popularity of Reddcoin has been rising without an increase in the market cap.
Semi-day traders or a few day traders have spotted traders with a huge amount of funds on Cryptsy and this is manipulation the price of Reddcoin. This has been caused by the low price of Reddcoin. By the use of a well-planned strategy, a smart trader may gain the control of a large portion of the Reddcoin market. This is risky to the other Reddcoin owners.
Most new members of the Reddcoin community are not investing their funds in Reddcoin. They just found themselves in the Reddcoin community after they were tipped, and their interest is only to tip or be tipped. These users will add value to Reddcoin, but not immediately. Their role is to only make the market attractive to those who need to invest in Reddcoin.
However, they don’t have an impact on the price of Reddcoin today, and they may lower the price of Reddcoin in case they sell the Reddcoin they were tipped.
Reddcoin has attracted some followers on social media platforms like Twitter etc. I think these are just random users who need to see Reddcoin grow. The number of subscribers on subreddit is always lower than that of other currencies. The rate at which the number of users increase is linear. This is uncommon as most cryptocurrencies have seen a spurt in terms of community growth.
The Reddcoin team is made up of many members of the community that are working together towards developing the coin. The current team consists of members from more than 6 time zones Europe, Asia, Australia, and North America.
Below is a list of Reddcoin team members:
John Nash (Gnasher)- Lead Developer
Henry- Developer
Stuart (reddibrek)- Communications & Reddheads Chief Editor
Eric- Community Manager
Leonard Simonse- Core Developer
Samuel Goslin- Tipbot Guru and Physicist
Ryan Coldtz- Art Director and Designer
Jay Laurence- Advisor
Daniel Platten- Social Media Coordinator
Jason Brink- Marketer
Thomas Van Engelen- Marketer
Reddcoin Community
Reddcoin is active on a number of social media platforms. You can visit their pages and contact them if you have any query. You can also participate and contribute to their forums. Reddcoin is available on the following social media platforms:
Twitter- Their page has 95K+ followers
Facebook- Their Facebook page has over 27K followers
Pinterest- Currently, their Pinterest page has not gained popularity as it has only 60 followers. In general, Pinterest isn’t usually the most common channel for marketing cryptocurrency projects.
Google+
YouTube ~1k subscribers.
Tumblr
Reddit – They are active on Reddit with discussions sprouting nearly every day.
As you can see, Reddcoin is active on a number of social media platforms. This shows that the team is serious about the project. To show how committed they are in the project, they have a social media manager responsible for growing the social media community.
Is Reddcoin Worth Buying?
Personally, I have been observing Reddcoin for a long time and I have noticed that its price does not fluctuate much. It seems a bit hard to predict how Reddcoin will do in the market. However, the idea and technology behind Reddcoin is very great. However, for the value of Reddcoin to rise, we have to see a wide adoption of the cryptocurrency.
I think this will happen. Some social media platforms have tried to develop a cryptocurrency for tipping but they have failed. A good example is Facebook. However, Reddcoin has a number of features that may make it survive the market. It is not targeted to only one social media platform, but to a number of social media platforms.
Reddcoin price was stable for a long time since 2014 but it jumped to the moon in 2017 and at the beginning of 2018.
Also, Reddcoin uses the Proof of Stake (PoS) algorithm. With this algorithm, no mining is needed, hence the consumption of electricity is low, and no power computing power is needed. This can lead to a widespread adoption of this coin.
More so, everyone is on a social media platform. Most individuals are not active on only one social media platform, but on a number of them. I think will orchestrate a widespread adoption of this coin.
From my own analysis, I think Reddcoin is the coin to watch and it is Worth Buying!
Reddcoin Price Prediction for 2018
The price of Reddcoin exploded recently. It rose from 0.002$ to above 0.20$ in one week, showing an 800% gain. The coin now trade at about 0.010$ after correction of the price. It is very easy for the price of this coin to explode again, recording a huge gain in value. However, this price will go down again after the explosion.
In long-term, I think the price of Reddcoin will increase to reach 0.25$ or even higher, but it will maintain that level for a long time. After that, the price will be fluctuating within a small range.
Where to Buy Reddcoin?
There are several options where you can buy Reddcoin. You can find a full list of exchanges on CoinMarketCap but our recommended exchanges for buying Reddcoin are Bittrex and Cryptopia.
Reddcoin isn’t yet available in the biggest exchanges like Binance or Coinbase.
Conclusion – Is Reddcoin a Good Investment?
Personally, I think Reddcoin is a good investment. The value of the coin is expected to rise. After this, the price will fluctuate within a small rage. If you place a trade, it will be possible for you to earn profits on a regular basis. It is hard to get a cryptocurrency from which you can earn profits regularly, making Reddcoin a good investment.
It is expected that there will be a widespread adoption of Reddcoin. This would increase the price of Reddcoin further.
But as always, we advise you to learn the skills before investing lots of money into cryptocurrencies. Many people have lost tons of money because they didn’t educate themselves before investing. Basically, they are just throwing money away to more skillful investors.
Even though you would have learned the skills, any investing includes risks. You can lose money by investing in cryptocurrencies, the stock market, real estate or anywhere. If you are looking for guaranteed ways to earn money online, we recommend taking a look at the step-by-step training below.
What Are Your Thoughts About Reddcoin?
Do You Think It’s a Good Investment?
What Can You Say About Its Future Price?
Let’s discuss in the comments below!
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is OmiseGo? How Does It Work? Is OmiseGo a Good Investment?
If you have any question about OmiseGo, you have come to the right platform. In this article, I will be discussing OmiseGo in details. I will also give my insights about its future. You will know whether it is wise to invest in OmiseGo or not. Enjoy!
OmiseGO Coin Review – Video Version by Roope
OmiseGo Review
Name: OmiseGo
Launched: 2017
Type: Cryptocurrency
Short Review: OmiseGo is a payment platform built on Ethereum platform with the vision of becoming the number one peer-to-peer platform for an exchange of cryptocurrencies. It is more than an altcoin as it is designed to be a financial platform to disrupt the current financial institutions and methodologies. The goal of OmiseGo is to provide cryptocurrency users with an alternative to online exchanges.
Even though the market cap of OmiseGo is already measured in billions, there are always risks when investing in cryptocurrencies. You need to learn to manage risks to make more money in the long run. Another option is to build multiple income streams online so you are not only relying on cryptocurrencies.
What is OmiseGo?
OmiseGo is a company based in southeast-Asia working to come up with an e-wallet (electronic wallet) that will allow its users to transfer both cryptocurrencies and digital assets. The company is using Ethereum-based financial technology to develop a peer-to-peer value exchange platform that will enable the mainstream use of digital assets across organizations and past border jurisdictions.
With OmiseGo, you will be able to exchange between Bitcoin, or fiat currency, or your airline voucher or shopping and use them for making day to day purchases like groceries and other daily appliances. This will be of great importance to individuals who make cross-border payments paying huge fees and having to use uncoordinated payment systems.
How Does OmiseGo Work? / Benefits of OmiseGo
The current exchanges have a problem in that for one to buy a cryptocurrency such as Bitcoin, they must begin with a fiat currency such as US dollar. The current exchanges also provide users with very few features, especially when one needs to convert from one cryptocurrency to another. OmiseGo is geared towards changing this.
OmiseGo will change the way cryptocurrencies are bought and sold on exchanges. It connects the currently existing cryptocurrency wallets to the central OmiseGo blockchain, over which the users will be in a position to exchange cryptocurrencies much easily and quickly. The exchanges of today provide centralized operations.
The databases in which all transactions are done on the exchange are kept on a server owned by the exchange. This also includes data about the users which include an identification such as driving license or passport. OmiseGo offers the same features but it has decentralized operations and kept them on the blockchain. OmiseGo coins are abbreviated as OMG.
Some Benefits of OmiseGo according to their website.
With this kind of storage, data is made secure since there is no single point that a hacker can access and tamper with such as the available funds for an individual. For a hacker to succeed, he must convince each and every user on the blockchain, making it hard for any hacking activity on the network to succeed. Most exchanges nowadays permit users to change from cryptocurrency to fiat currency and vice versa.
However, for such an exchange to be done, a number of restrictions are involved which makes the users spend a lot of money. For one to convert from Bitcoin to Ether, they must first find an exchange that trades both Bitcoin and Ether. Next, he or she should send the bitcoins from their wallet to the exchange. The bitcoins should then be converted to a fiat currency such as USD, then the USD is converted into ETH.
This way, the user will pay a huge amount of fees. A fee is encountered when selling bitcoins and when buying ETH. OmiseGo is currency agnostic hence it circumvents this. It does not matter whether you need to convert ETH to USD, or ETH to BTC. Both the process and the fee remains the same whereby the conversion in only one direction at a tiny fee.
Risks of OmiseGo
OmiseGo is working to provide those in Asia, mostly Southeast Asia with a more efficient digital payments offering and a greater financial inclusion. 73% of Asian population does not have access to traditional banking. However, Ethereum will provide a mobile wallet to its users. Banks are few and located far apart, but nearly everybody a phone.
There are various services that users can use to load money to their e-wallet. The only problem with this is that for the user to be able to spend the money in their e-wallet, the merchant should be able of supporting the e-wallet. This may not be ideal for businesses or consumers.
Transacting across different payment service providers may be cumbersome, example, sending money from WeChat to Alipay. A number of entities are ready and willing to provide the e-wallet services, and this requires coordination between a number of participants. This may bring in some bureaucracy.
OmiseGo will require its users to have an e-wallet, that is, an electronic wallet. This is not as secure as a hardware wallet. There are a number of threats that face e-wallets especially hackers. For security purposes, users will only have to keep a few coins in their e-wallets.
OmiseGo is facing similar challenges that other digital wallet providers provide. Most people in the world still prefer cash more than cryptocurrencies. It is much easy to acquire and use cash, making it hard and an inconvenience to introduce a new practice.
However, with time, cryptocurrencies are expected to become more prevalent and OmiseGo would be able to unleash its full potential.
OmiseGo Team
The OmiseGo team is led by Jun Hasegawa as the director. He formerly worked with Donnie Harinsut as the chief operating officer. Joseph Poon is the main creator of OmiseGo.
The consulting team of OmiseGo includes Vitalik Buterin, who is the founder of Ethereum. In fact, he has stated that OmiseGo is a project with much potential, which makes many people love the idea behind it. The following are the members of the OmiseGo team:
Jun Hasegawa- Founder and CEO of Omise Company since May 2013. He also leads a team of international business personnel and engineers across Asia.
Donnie Harinsut- COO/Co-Founder of Omise Company since June 2013.
Wendell Davis- OmiseGo Product Designer.
Thomas Greco- Special Advisor. He was an advisor to Ethereum Foundation.
Vansa Chatikavanij- the Managing Director.
The OmiseGo Team also features advisors with a good background in the cryptocurrency industry. However, the following are the 3 most notable OmiseGo advisers:
Vitalik Buterin- Founder of Ethereum
Joseph Poon- Coauthor of Plasma Network and Coauthor of Bitcoin’s Lightning Network
Roger Ver- CEO of Bitcoin.com and a BTC early adopter
When you read the list of their advisors, you see that there are really huge names. Vitalik Buterin and Roger Ver are without a doubt among the most influential persons in the whole cryptocurrency world. Their backing for OmiseGo brings of course lots of more trust to this project.
OmiseGo Community
OmiseGo has tried to maintain their presence on a number of social media platforms. They are active on the following social media platforms:
Twitter- 247K+ followers.
Facebook- 9.5K+ followers.
Reddit- 2,4K+ users.
Telegram- 12K+ members.
If you want to engage them or contribute to some of the discussions about OmiseGo, feel free to join their blog or you can also chat directly with them. In the other words, there are numerous ways to connect with OmiseGo founders and community.
Is OmiseGo Worth Buying?
If you are looking for a cryptocurrency to invest in, I think OmiseGo is a good choice for you. The OmiseGo network will generate a huge number of transactions per unit time. All of these transactions will generate some fees which will distribute to all OMG holders.
The more OMG coins that you hold, the more of these that you will get. This is a good way of getting a passive income. OmiseGo has also partnered with a lot of banks. The OmiseGo SDK (software development kit) can also be used by any company for generation of a financial application.
These applications will generate a lot of costs when running on the OmiseGo network. However, before buying the coin, note that cryptocurrencies are very volatile in terms of price, hence it is possible for you to lose. Currently, OMG is worth about 20 USD with a market cap of $ 2.9 billion. This is expected to change positively.
When OmiseGo was first launched in 2017, it was worth $0.52. Now in 2018, its price has been even over $20 USD. This is a huge increase in price. By the end of 2018, the price of OMG may reach even $100. This means if you invest $1,000 in OMG today and this prediction becomes true, your investment will become $10,000 within that short duration.
But you
OmiseGo price chart from July 2017 until March 2018. The green line represents the price/market cap while the orange line represents OMG price compared to Bitcoin.
Conclusion – Is OmiseGo a Good Investment?
I think so! OmiseGo has shown a great increase in price in less than a year, and this is expected to increase. The idea behind OmiseGo as well as the technology underlying it are great. It has also received support from serious and experienced individuals in the cryptocurrency industry like Vitalik Buterin.
OmiseGo is certainly one of the interesting cryptocurrency projects to follow. But before investing, I highly recommend that you do your own research (go to their website, whitepaper, community chats, ask questions from the team, etc.). This will make you more money with cryptocurrency investing over the time course.
We also recommend that you don’t put all of your eggs in one basket. The price of OmiseGo has dropped from $24 to $12 within a short period of time so anything can happen. If you invested $10,000 while the price was up, you would have now only $5,000. That’s why we prefer long-term investing strategy because short-term investing is riskier.
If you want to learn to make more money online, I recommend taking this step-by-step training (you can also get started by clicking the picture below). It has helped me (Roope) to make more money with and even without cryptocurrencies. I would be happy to help you as well.
What Do You Think About OmiseGo?
Do You Think The Price of OMG will Increase Further?
Will You Invest In OmiseGo?
Let’s discuss in the comments below! 🙂
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is Ethereum Classic? How Does It Work? Is Ethereum Classic a Good Investment?
If you have any question about Ethereum Classic, you have come to the right place! In this article, I will be discussing Ethereum Classic in detail. I will explore the potential of Ethereum Classic as well as the risks it faces.
Ethereum Classic Review
Name: Ethereum Classic (ETC)
Launched: 2017
Type: Cryptocurrency
Short Review: Ethereum Classic is a decentralized platform that allows users to run smart contracts. Smart contracts are applications that run as programmed by users without the possibility of a fraud, downtime, censorship or third-party interference. The platform is fueled by a token known as classic ether which can be transferred between participants and stored in a cryptocurrency wallet.
Ethereum Classic project has started already a few years ago.
What is Ethereum Classic?
Ethereum Classic is not a new cryptocurrency but simply a split from an existing cryptocurrency, Ethereum. Ethereum Classic was split from Ethereum after the occurrence of a hard-fork. The Ethereum Classic still provides its users with Ethereum features, including creation and deployment of smart contracts and decentralized applications, and it has similar specifications like average block time, size, and reward.
Ethereum Classic vs Ethereum – Why Did the Split Happen?
The Ethereum platform works based on the concept of smart contracts, which are automated contracts enforcing and facilitating the terms of the contract itself. The DAO (Decentralized Autonomous Organization) was a complex smart contract that was geared towards revolutionizing the Ethereum platform forever.
It was a decentralized venture capital fund that was to fund all the future DAPPS (Decentralized Applications) made in the ecosystem. For you to have a say on the direction that DAPPS would get funded, you had to buy DAO token for a particular amount of ether. Possession of DAO token was an indication that you officially belong to the DAO system. 28 days after the formation of DAO, it accumulated ether worth over $150 in a crowdsale.
There was a condition in the contract, once you split off from the DAO, you had to hold your ether for 28 days before being allowed to spend them. However, most people saw this as a loophole that could be exploited by hackers.
The DAO team failed to take action to close this loophole which was later exploited by hackers that led to the loss of about $50 million dollars on 17th June 2016. This attack orchestrated the split of Ethereum into 1.Ethereum and 2.Ethereum Classic.
The Ethereum supporters argued that the Ethereum code should be modified and the stolen coins refunded, while the Ethereum Classic supporters argued that “code is law” and whatever happened has happened. The Ethereum Classic (ETC) maintained the original Ethereum code while the Ethereum (ETH) forked the code so as to create a new Ethereum.
This led to the presence of two competing cryptocurrencies but with different exchange rates. Today, the price of ETH is a bit higher and has been made much available to the cryptocurrency community, making it more accessible.
How Does Ethereum Classic Work? / Benefits of Ethereum Classic
The Ethereum Classic stays true to the immutability philosophy of blockchain. You can write smart contracts on the platform on your own and no one will be able to change them. The code for the smart contract can be made available across the Ethereum Classic blockchain network.
Ethereum Classic provides its users with a “Turing Complete” virtual machine distributed on the blockchain network, and it comes with an in-built programming language capability. The developers are provided with a platform on which they can write code or develop applications that can solve any computational problem through mining process.
You can read tons of more information about Ethereum Classic on Gifthub.
There is a need to promote the efficient allocation of the available resources to the nodes and ensure that the network is safe from spammers. Ethereum classic achieves this by use of an internal pricing mechanism known as Gas. The Gas system is responsible for rewarding all the mining activities done by miners on the network.
Ethereum Classic acts like a supercomputer on the blockchain, enabling the distribution of processing power required for running smart contracts and applications on the network. The developers and other participants on the network are paid for the effort in developing and launching of the smart contracts as well as other computational activities.
The miners on the Ethereum Classic network are paid in classic ether token (ETC). The ETC can be traded on the major cryptocurrency exchanges. The ETC can be stored on cryptocurrency wallets, and it can be transferred from one holder to another, and it is used for paying members for the computation work they offer on the platform.
Risks of Ethereum Classic
The major problem facing Ethereum Classic is that it faces a direct competition from Ethereum. The ETC lacks backward compatibility with ETH. All Ethereum community heavyweights have moved to the new chain, that is, Ethereum, meaning that anybody who is part of ETC will not be in a position to access any updates done by ETH.
ETH is moving from POW (Proof of Work) algorithm to POS (Proof of Stake) algorithm. ETC will not enjoy this benefit since its software doesn’t allow any updates. According to most cryptocurrency lovers, ETC is seen as an attack on Ethereum itself. This is because, after the split of Ethereum into ETH and ETC, those against ETH supported ETC in an effort to disrupt the Ethereum community.
Ethereum Classic Team
After the DAO attack, some people stepped up to support Ethereum Classic but none of them has become famous. With time, the ETC Development team has grown to feature a team of engineers and professionals in software development who are committed full-time to the success of this project. The ETC team is led by the following members:
Constantine Kryvomaz- Rust Developer
Igor Artamonov- Founder and CTO.
Richard Schumann- Graphic Designer.
Shane Jonas- JavaScript Developer.
Isaac Ardis- Go Developer.
Wei Tang- Rust Developer
Yury- Yury Developer
Tomasz Zdybał- Go Developer.
The ETC team also comprises a handful of advisors who include the following:
Matthew Mazur
Avtar Sehra
Cody Burns
Yates Randall
Elaine Ou
Roy Zou
The ETC team is expected to grow further. It already has a breadth it will help them to move forward.
Ethereum Classic Community
Ethereum classic is an open source platform and it is active on a number of social media platforms on which you can participate and contribute. Ethereum Classic discussions are done on Slack, Reddit, Facebook, Twitter, and Telegram. Here is some information on social media platforms that they are using:
Slack
Reddit +7,7k users
Github
Facebook +6k followers
Twitter +189k followers
Telegram +7k followers
Is Ethereum Classic (ETC) Worth Buying?
There are two major holders of ETC who would push the price of the token down in case they release their tokens into the market. The Ethereum Foundation is still holding 10 percent of the ETC they received after the hard fork happened on the Ethereum blockchain. The DAO hacker is also holding about 3.36 million Ethereum classic, and this amounts to about 3.65 percent of the total ETC in circulation.
If any of the above parties sell their tokens, the price of ETC will be pushed down further. Also, the ETC blockchain is not used for development of serious applications. It is also not used for creating smart contract solutions that can be used in commercial industries.
However, should ETC developers choose to develop industry-relevant smart contracts and applications, then ETC will become a good investment option. If this happens, I will also invest in it. However, I think it is a very promising cryptocurrency that may take ETH in the future.
Ethereum Classic price chart from July 2016 until March 2018.
Ethereum Classic (ETC) Price Prediction
The Ethereum Classic Was started in July 2017 with a low price of $2.2 USD. Since then, the price has to show a positive growth. Currently, the price of ETC fluctuates while marinating a limited range of between $28 USD and $35 USD. This has made it grab the attention of investors.
In October 2017, the ETC blockchain experienced a problem, which contributed to a drop in its price. However, after solving this problem, ETC is giving a tough competition to Lisk and ICON.
Some people expect that the price of ETC might go up to reach 100 USD by the end of 2018. However, the value of ETC will be determined by its relative price compared to that of other cryptocurrencies such as ETH.
Conclusion – Is Ethereum Classic (ETC) a Good Investment?
Personally, I think NO! I chose to invest in ETH rather than in ETC. I think for ETC to become a good investment opportunity for cryptocurrency enthusiasts, its development team must spearhead the development of industry-relevant smart contracts and applications.
Note by Roope:
I agree with Nicholas. I have also invested in ETH rather than Ethereum Classic. I believe that the price of Ethereum will keep on moving up in the future. So many new cryptocurrency tokens are built on the Ethereum platform that it has already a huge value and it just keeps on growing.
That being said, this is not a financial advice and you need to know that you can win or lose money with cryptocurrency investments.
Is BitClub Network a Scam? Is BitClub Network a Ponzi Scheme? How does BitClub Network work?
Recently, thousands of people have been asking these questions online. Therefore, I decided to write this comprehensive BitClub Network review to answer your questions and warn you about this “opportunity”.
Is BitClub Network a Ponzi Scheme? – Video Review
I also created you a video to answer all your questions in a comprehensive manner.
BitClub Network Review
Name: BitClub Network (BCN)
Founded: 2014
Price to Get Started: $99/Month + Other Fees Up to $1,000’s
Short Review: BitClub Network seems to be a Ponzi scheme. There are too many red flags that I predict it will fall at some point. I highly recommend avoiding this kind of suspicious system.
BitClub Network has mining pools but it seems that their main business is inviting more people to their multi-level marketing system.
What Is BitClub Network?
BitClub Network is an “opportunity” that promises you earnings by investing in their crypto mining farm. They say that you can make money by investing in their equipment in a cloud mining style.
As I explained in my article, “Is Cryptocurrency mining still profitable in 2018?” there are several cloud mining pools where you can earn money. Cloud mining means that you earn money by investing in a huge mining company. They raise money from investors so they can buy more equipment.
However, BitClub Network doesn’t work like a typical cloud mining company. They have a high monthly membership fee and other fees. You can make the biggest money in the system by inviting other people to your downline.
Is BitClub Network a Pyramid Scheme? – Read a Definition
The definition of a pyramid scheme is:
A dishonest business scheme in people pay to join, and profit from payments made by subsequent recruits.
Usually, pyramid schemes disguise themselves by having some product that in reality doesn’t play a huge role in the system. The main way to make more money in pyramid schemes is by recruiting more and more people to your downline.
Payments for old members are paid by the fees that are collected from new members. In the other words, when you move higher in the pyramid, you earn more because of people in your downline pay money to you. In an honest business the product itself pays a bigger role but with pyramid schemes recruiting is the main way to earn money.
Pyramid schemes concentrate on recruiting new people in order to make big money.
Many pyramid schemes call themselves “investment clubs” promising high returns on your investments. Old members and those who joined early will actually make big money but eventually, the system collapses when new investors stop coming to the scheme.
Now that you know more or less what is a pyramid scheme, I would like you to evaluate BitClub Network
1.Founders and Owners Are Hiding Their Identity
One typical characteristic of Ponzi schemes is that the founders don’t like to show their faces, names or the identity. Do you remember, for example, a famous Ponzi scheme from the cryptocurrency world called BitConnect?
Nobody in the public really knows who were behind that Ponzi scheme because they were hiding. The same thing happens with the BitClub Network. At least, the founders don’t show themselves but further in the text, I’ll reveal you what the research has shown about the founders.
BitClub Network has an about page but they don’t tell who are the founders or the owners of the company.
Ponzi scheme founders and leaders don’t want to show their faces because they want to hide. They don’t want to go to jail again and they don’t want to ruin their reputation because of what they are doing.
Before buying something online, I often recommend reading a few reviews on what other people are saying about it. Especially, if you are buying for a “get-rich-quick” money-making opportunity.
One of the most common signs of a scam is that there are tons of negative reviews from reliable online entrepreneurs. For example, pretty much every reliable online entrepreneur with a good reputation was saying that BitConnect was a Ponzi scheme.
Only people who had a shady background were promoting it. And now the same is happening with BitClub Network.
3.Chiara Francica Is Involved (Promoter of Various Ponzi Schemes)
Chiara is a somewhat popular Internet marketer and she’s especially famous for promoting Ponzi schemes and scams. 90% of her YouTube videos have been scam promotions so far. Recently, I created a YouTube video exposing Chiara Francica and her “businesses”. Take a look at it below:
She has been involved with programs like MOBE, Digital Altitude, and BitConnect. As you probably know, BitConnect was the biggest Ponzi scheme in the cryptocurrency world that felt down at the beginning of 2018.
Digital Altitude was a pyramid scheme disguised as a digital marketing training. FTC (Federal Trade Commissions) claimed that DA has made consumer injury more than $14,000,000.
MOBE is still running but it’s running exactly similar “business model” like Digital Altitude so I think it’s only a question of a time when it will fall down.
There’s one thing that I’ve learned so far. Wherever Chiara Francica is involved, it’s usually a scam, Ponzi or a pyramid scheme.
Chiara also says about the BitClub Network, “I have made most of my earnings come from referral commissions in BitClub Network.” It means that she doesn’t earn much money for referral commissions but mostly earns money by inviting more people to her downline.
That’s a typical pyramid scheme works. There’s usually something that looks like a product (in this case cryptocurrency mining) but it’s really just a bait to invite people into a pyramid scheme.
4.Classical Pyramid Scheme-ish Ranking Systems
BitClub Network is completely different from a classical cloud mining. They have “ranking systems” based on your earnings and other factors. You will go up in the ladder based on your results in the system. These are their levels:
Builder
Pro Builder
Master Builder
Monster Builder
Mega Monster
This is again another classical characteristic of a pyramid scheme. You try to climb up on the ladder and get as many people as possible to your downline.
BitClub Network has a ranking system. You move higher in the pyram… krrhhm… ranking by recruiting more people to your downline.
5.Research Says That Criminals And Rapists Are Running BCN
One person who tried BitClub Network for a while made a research about the founders and he shared his results publicly.
Is this person behind BitClub Network?
He said that one of the main leaders of the system is a man called Russ Medlin who is a known sex-offender. Actually, the whole team of leaders was an international gang of criminals based on his research
Russ Medlin states that, “Everyone is under my downline in BitClub network.”
The writer on Steemit listed a few other reasons why he strongly believes that Russ Medlin would be a founder of BitClub Network. If Medlin really is a founder of BCN, would you like to part of a company that’s run by a well-known rapist/criminal?
Conclusion – Is BitClub Network Legit Or a Scam?
Let’s try a duck test here.
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
If it looks like a Ponzi scheme, works like a Ponzi scheme… Then it probably is a Ponzi scheme.
Usually, it’s not possible to say with 100% sureness whether a system is a Ponzi scheme before it collapses. However, I have always been right when spotting Ponzi schemes. Recently, for example, BitConnect and Digital Altitude collapse a few months after I was warning people from not joining them.
I recommend joining away from BitClub Network or anything that looks very suspicious. There are many legitimate and honest ways to make money online so you don’t need to waste your valuable time with systems like BitClub Network.
In addition, the law in many countries says that even promoters of a pyramid scheme can be held liable for their actions. If you start promoting BitClub Network and it collapses at some point, you may be in a great trouble.
If you want to learn a proven way to earn money online, I recommend taking a look at this step-by-step training. You can also get started by clicking the picture below. More than 1,300,000 people worldwide have taken that training and many of them have become financially independent.
It’s not a get-rich-quick scheme like BitClub Network but it’s a real training that helps you to make a sustainable income online.
What do you think about BitClub Network?
Do you think BitClub Network is a Ponzi scheme or a legitimate opportunity? Why?
Let’s discuss in the comments below! 🙂
If you have any questions about making with cryptocurrencies or about making money online in general, don’t hesitate to ask me below and I’ll be more than happy to help you out.
Lisk is one of the blockchain projects I believe will provide an excellent investment vehicle for cryptocurrency enthusiasts. It was first released on May 24, 2016 and made available for trading on the major exchanges. Lisk immediately became the second most traded cryptocurrency after Bitcoin.
Do you want to venture into Lisk investment? In this article, I will answer some of the following questions, “What is Lisk and How Does It Work? Is Lisk worth Buying? Is Lisk a Good Investment? If you have any other question about Lisk, feel free to post it in the comments section below and we will get back to you with an accurate answer.
Is Lisk Worth Investing? – Video Review
Check out Roope’s video review of Lisk below:
Lisk Review
Name: Lisk
Launched: 2016
Type: Cryptocurrency
Short Review: Lisk is expected to be the first modular cryptocurrency. I have personally invested in Lisk and I have earned good profits. Blockchain developers have always found it hard to speed up development of decentralized applications and understand codebases underlying the applications. Lisk has turned this around. Some people say that it is now easier for you to build a decentralized application (Dapp) than ever before.
Ethereum is written in Solidity while Bitcoin in C++. This has left developers confused about the kind of language to focus on. Lisk developers, Max Kordek and Oliver Beddows went through these challenges and decided to make the blockchain more accessible. The web itself and popular apps such as Uber run on JavaScript. Lisk was developed in JavaScript, opening the platform to the many experienced JavaScript programmers across the world.
Lisk provides its users with a platform for development and distribution of JavaScript based blockchain applications. The users are provided with an easy to use interface and a fully featured ecosystem.
With Lisk, developers are able to build, distribute, publish and monetize their apps on a system powered by cryptocurrency and allowing for use of customized smart contracts, blockchains and loud storage.
How Does Lisk Work? / Benefits of Lisk
For any cryptocurrency to survive in the competitive market, it must introduce something new, and Lisk, a cryptocurrency developed in JavaScript is not different. JavaScript can be found everywhere on the web and it is accessible to many developers. It is the most popular coding language worldwide that was written in just 10 days.
By using JavaScript, the Lisk team has made the blockchain accessible. More use translates to more developers, and more developers translates to more value.
Lisk project has already started at the beginning of 2016.
Ethereum uses Solidity and developers are required to learn a new coding language whose focus is on smart contracts. In Lisk, there are sidechains, a complete SDK (Software Development Kit) and an independent blockchain system in one system and these are all used by developers for development of polished Dapps. The sidechains are connected to the mainchain without affecting its performance in any way.
Cryptocurrencies such as Ethereum and Bitcoin face the problem of scalability. Since Lisk has a sidechain for each application developed on it, it provides scalability with less bloat. Since the applications are developed on the sidechains, in case something goes wrong in the blockchain of another application, the Lisk blockchain won’t be affected hence a hardfork will not occur. Sidechains also bring in improved security and a faster development of applications.
Lisk is also an open source platform. Currently, the project has 29 contributors in active participation, and actual developers have ranked it as the one of the best and most promising cryptocurrencies of the world. Imagine creating a decentralized application from scratch with JavaScript, a simple and easy-to-learn coding language that you are familiar with.
In Lisk, you can customize the sidechains and even implement a different security algorithm, something other cryptocurrencies do not provide. This provides you with a way of implementing an additional security layer to your application in addition to what is provided by the Lisk mainchain.
Risks of Lisk
Lisk has partnered with Microsoft Azure, meaning that developers from all over the world will be able to develop, deploy and test Lisk applications via the Microsoft’s Azure platform. However, it is feared that more blockchains offering similar functionalities are to be developed and the price of Lisk will drop slightly.
Ethereum provides its developers with a feature known as smart contracts unlike Lisk, and this is gaining demand in the finance industry. This is why Ethereum is offering a direct competition to Lisk, inhibiting its adoption to a degree. For you to venture into Lisk investment, you should have a background in programming, which is preventing investors from investing into this cryptocurrency.
Lisk performance in developer participation is good, but it has a poor liquidity, with a low trading volume on exchanges, meaning there is a need for it to build a large community base around itself and generate more discussion on social media just like other popular cryptocurrencies such as Bitcoin and Ether.
The main advantage with Lisk is that each application runs on its own blockchain, that is, the sidechains, which improves it scalability over Ethereum. Lisk is expected to be the next investment in the long run when majority of start-ups adopt it for building new apps.
Lisk Team
Lisk started in 2014 after Max Kordek and Oliver Beddows forked Crypti, which is an open-source blockchain application platform. It immediately became successful at community level, but it still needed more firepower for it to reach the visions of the developer. It was forked into Lisk in May 2016.
Lisk has a large team of 41 people.
Lisk Community
The Lisk technology has impacted the community worldwide. Their presence in Asia is now growing, and they have developed strong local communities in Korean, Chinese, Japanese and Indian markets. Jan is the community manager for Lisk and he plays a great role in setting the community goals for Lisk. The LiskHQ Twitter has also increased its following considerably and they are looking for you to join the community if you are talented.
Do you want to become a Lisk ambassador in your country? Become one to spread Lisk awareness in your country and you will be paid 2500 LSK per month. This is a good way of earning this cryptocurrency. Lisk has now build a strong community and expanded their team, together with their marketing efforts.
Is Lisk Worth Buying?
The future of Lisk in terms of performance will be determined by success of the Lisk network as well as the adoption of the technology by programmers, developers and start-ups. You cannot use Lisk to buy goods and services. This means that there are no merchants who are expected to accept Lisk as a means of payment unlike what we have in cryptocurrencies like Bitcoin. Investor interest and adoption will drive the success of Lisk.
If you don’t like venturing into speculative and risk investments and you are you are familiar with cryptocurrency markets, investing a small amount of money in Lisk could turn out to be profitable.
Lisk uses JavaScript, a programming language popular with tech giants like Google and Microsoft, and there are high chances of its developer base increasing as many people adopt it for development of decentralized applications.
There is a great potential that you will reap after investing in Lisk. Lisk is a promising platform as more and more cryptocurrency lovers are expected to join the network for development of decentralized applications. The Lisk team is also spreading news about their product to all parts of the world through product ambassadors. Due to this, the Lisk network is expected to grow, making Lisk a good investment opportunity that you don’t have to miss.
Lisk is one of the examples of how the price of a cryptocurrency can evolve quickly. The market has witnessed the price of Lisk rise from US$2.5 to within a span of three months. Lisk now has a high demand compared to the other major altcoins.
In the near future, the price of Lisk is expected to drop, but note that cryptocurrency is not a rational market and unexpected things have happened.
While we were writing this article, Lisk price dropped from more than $30 all the way to less than $20.
If you need an instant cryptocurrency, go to Shapeshift and buy Lisk from there. They require you to create a wallet once you have bought Bitcoins or Ether.
Conclusion – Is Lisk a Good Investment?
Yes, in my opinion, Lisk is a good investment opportunity. If you buy Lisk when the price drops, hold and sell it when the price goes up, you may earn good profits with this one. Many start-ups are expected to adopt Lisk for development of new apps. This will expand the Lisk community and you may benefit from this.
Note by Roope:
On the other hand, investing in Lisk involves risks. As we saw in the chart above, the price dropped more than 35% while we were writing this article. If you would have invested $10,000, you would have lost more than $3,500. On the short term anything can happen so that’s why I like investing in coins for the long term.
What is VeChain? Is VeChain a Good Investment? Should I Invest in VeChain?
Are you in need of an answer to any of the above questions? Well, you have come to the right place. In this article, I will be discussing VeChain in detail and give you My Opinion on Whether VeChain is a Good Investment Opportunity or Not.
An original VeChain homepage is in Chinese because their core team is from China.
VeChain Review
Name: VeChain
Launched: 2017
Type: Cryptocurrency
Short Review: VeChain forms the leading blockchain platform for products and information. VeChain uses the blockchain technology to create a trust free distributed business ecosystem. VeChain has made the management, collection, and sharing of product information with consumers and vendors secure and straightforward. It is designed for companies such as luxury goods, logistics, food/drug, agriculture, and governments.
It will be exciting to see how VeChain project moves forward in the future. The project looks promising but nothing is 100% sure in the world of cryptocurrencies. If you want to minimize your risk and maximize your profits, take Roope’s cryptocurrency training for a 95% discount.
VeChain is a Blockchain-as-a-service company with the goal of building “a distributed and trust free business ecosystem to facilitate a transparent flow of information, high-speed transfer of value and efficient collaboration. The project has been in operation for two years and a number of companies have adopted it.
There is a lot that a company can do with VeChain. One can use the technology to track items through a supply chain, ensure quality and authenticity of goods and control the quality of food products.
How Does VeChain Work? / Benefits of VeChain
VeChain was primarily started as a supply chain company but it has announced that there are plans to transform it into a Dapp platform. VeChain mixes the blockchain and smart chip technologies for tracking items throughout their entire lifecycle. There are different IoT (Internet of Things) items on which the smart chip can be integrated including QR codes, RFID trackers, and NFC chips.
This may not sound like an interesting technology, but it ensures that companies produce quality products. A good example is the luxury goods sector. This industry has been wrought with counterfeit goods worth over $450 billion.
For an item such as Louis Vuitton purse changing hands numerous times during production and distribution processes, there is a need for you to be sure the person before you passes what is authentic. VeChain has done away with the need for this trust. At each step of the process, it is possible for you to scan a smart chip on every item in order to be guaranteed you are receiving what you should be receiving.
The blockchain is in the form of an immaculate ledger, hence you can stay assured the information you receive is accurate. This technology may soon get into consumer’s hands and they will be able to check the authenticity of items by scanning them with their phone.
Other than protection against counterfeits, VeChain helps in improving logistics systems via simplified product tracking. Logistics is a complex process that involves different systems across businesses. This can make tracking products in a supply chain a complex process. This even becomes harder when there is a need for switching between processes or when the data must be entered manually.
When using VeChain, you are only expected to scan the smart chip of the item and you will get all of its details. This way, businesses can get accurate and updated information about an item. When integrated with IoT, VeChain can help in quality control. This is very useful in the food and agricultural industry in which something such as temperature change of few degrees may ruin an entire product batch.
Risks of VeChain
Despite the potential that the VeChain has, it faces a number of challenges. When you consider the state of logistics in the world today, a lot of growth is expected to happen. This means that we may observe a lot of adoption of this technology some years to come.
However, as it is now, it is less likely that there will be a high adoption of the VeChain technology in the coming 12 to 24 months. The adoption of this technology in most businesses may only be some years to come when a number of players will be using the chain. However, this may not be necessarily a problem but an advantage to those who adopt the technology early.
The company behind VeChain is based in Singapore and it has used the blockchain technology to implement the VeChain. The project has attracted an international team of experts drawn from various fields including technology, operations, the blockchain, business, and support. The group currently has 150 employees.
The team is led by Sunny Lu who is the CEO and a fluent English speaker with a great experience in IT and Information security for luxury retails brands. He formerly worked with Louis Vuitton China as a CIO and IS&T Director. Jie Zhang is the CGO while Bo Shen is the company advisor.
Below are the key members of the VeChain team:
Sunny Lu- The Project Leader
Richard Fu- The PR and Marketing Director
Chin Qian- The Channel and Sales Director
Jay Zhang- The Finance Director
Scott Brsbin- The General Counsel
Jerome Grilleres- A Business Developer
VeChain Community
As part of expanding the VeCain community, the team has entered into partnerships with big companies in the world such as DNV GL and PwC. VeChain takes part in the PwC incubator program which gives it access to the worldwide network of clients for the company. Its partnership with DNV GL will also open a great door for it to reach many clients.
The Chinese government has also chosen VeChain as the blockchain technology partner for the government of Gui’an. This government runs under regulations which are expected to contribute significantly to the growth of VeChain.
You can also find VeChain on the following social media networks:
Facebook – 6,5 members in their group
Twitter- Their page has over 73,000 followers.
Telegram +20k members
Their SubReddit is active daily with discussions sprouting up every minute.
Is VEN Worth Buying?
Similarly to the other blockchain projects, you must be wondering about the future of the VeChain blockchain. The project will be rebranded soon to become VeChain Thor blockchain. The VeChain token, that is, VEN, is expected to be rebranded to VET. A proof-of-authority consensus model will also be introduced to ensure any changes made are in line with VeChain vision.
These changes are expected to impact the project positively. If this happens, it will lead to a MASSIVE adoption of the technology, and the value of its coin will rise. I will advise anyone to buy this coin.
Most blockchain projects are currently simply a proof of concept. However, with VeChain, things are different and in a good way. Three products have already been developed by use of this blockchain and they are all targeting different markets. This means the team is serious with the project.
VEN Price Prediction
The VeChain has been designed to run on Ethereum platform and it is powered by its own token known as VEN/VET. After rebranding of the VeChain, all the existing VEN tokens will be exchanged for VET tokens. The token is now priced at USD5.367 with a market cap of USD1, 713, 081, 262. A total of 277 million tokens is now under supply.
If you need to invest in a profitable cryptocurrency, VEN might be an interesting option for you. An optimistic prediction shows the following picture that you can see below (of course, it’s a bit of a joke 😉 )
Will VeChain go to the moon?
We could again say the cliche, “Do your own research!” but I think a better way to educate yourself about cryptocurrencies here so you will spot whether VeChain will be a winner or not.
Where to Buy VEN Tokens?
Binance is the best exchange from which you can buy VEN tokens. If you have Ethereum or Bitcoin cryptocurrencies, then you can exchange them for VEN. This means before buying VEN tokens, you should first buy bitcoins or Eth from exchanges such as Coinbase, GDAX and Gemini.
After acquiring the bitcoins or Eth, you can transfer them to Binance exchange on which you can trade them for VEN tokens. Below are other exchanges from which you can buy VEN tokens:
BigOne
HitBTC
Liqui
Lbank and QRYPTOS.
Where to Store VEN?
The best way to store your VEN tokens is in a Trezor hardware wallet.
Currently, you can only store VEN in a wallet with an ERC20 support. A good example is MyEtherWallet which has a good community trust.
To get an extra security layer, use a hardware wallet such as Ledger Nano S. This is an offline wallet that can be connected to MyEtherWallet for storage of funds. Below are other desktop wallets in which you can store your VEN tokens:
VeChain is now amongst the established blockchain companies in the world. Their team is made up of professionals with experience in their target industry. They have also partnered with the Chinese government and giant companies like PwC, meaning that they have no problem with growing their clientele.
If VeChain continues with its current pace, you will see it become one of the best performers in the cryptocurrency world.
That being said, you always need to take the responsibility for your investment and make sure that you have studied all the details diligently. For those of you who prefer building a sustainable and a profitable online business, I recommend having a look at the training below.
It will also help you to make more money with cryptocurrencies.
What do you think about VeChain?
Does it have a bright future?
Would you Invest in VeChain?
I Will Be Happy to Hear your Genuine Opinion about VeChain!
Let’s discuss in the comments below! 🙂
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
What is Hshare? How does it work? Is Hshare a good Investment? How much should I Invest in Hshare?
If you have not been getting answers to the above questions, you have come to the right place. In this article, I will be unearthing everything about Hshare. Read this article to know the potential of this project as well as the risks associated with it.
Hshare/Hcash Homepage
Hshare Review
Name: Hshare
Launched: 2017
Type: Cryptocurrency
Short Review: Blockchains can be either block-based or blockless-based. It has been impossible to transfer value between these two different types of platforms. Hshare changed this through facilitating transfer of value and information between these different platforms.
Are you looking for a way to earn money online? Continue reading this article to know how you can make it with Hshare.
But before we move on, I want to remind you that investing in Hshare or any other cryptocurrency involves also great risks. If you prefer proven and guaranteed ways to earn money online, I recommend following this step-by-step training.
What Is Hshare?
Let me show first how the company defines themselves. I’ll then explain you more in detail what it means.
Most companies are now adopting the blockchain technology as a way of increasing efficiency and cutting costs. Hshare is a cryptocurrency designed to facilitate the transfer of value among blockchains and between blockchain and blockless cryptocurrencies.
How Does Hshare Work? / Benefits of Hshare
Consider the example of Bitcoin and Ethereum blockchains. There is no way the two can talk to each other. For you to transfer value from one to the other, you must use an exchange. The number of independent blockchains is increasing every day, making the problem of transfer of value between blockchains bigger.
When using exchange services, you face the challenges of speed and transaction fees. Below are reasons why Hshare is the future cryptocurrency
Hshare is Secure and Private
This has been achieved by adapting the by adapting the zero-knowledge proof technology. A user is allowed to disclose some details of a transactions to a verifier without necessarily having to reveal his/her identity. It also used uses both proof of work (PoW) and proof of stake (PoS) algorithms for verification of transactions, which in turn engages user engagement.
It is bi-directional
This is a unique and lucrative feature of Hshare that has left many individuals and companies hail it as the cryptocurrency to watch. It has both blockchain and DAG (directed acyclic graphs) that allow it to transfer value between blockchain-based and blockless-based systems. This feature will make it possible for cryptocurrencies to interact with each other without relying on an exchange.
Hshare wants to allow the communication between different blockchains.
Hshare is Quantum resistant
Quantum computers are capable of existing in another state other than 0 and 1. These are very powerful computers capable of cracking a code for any system including a blockchain. However, Hshare developers put this into consideration but using a code that is quantum resistant. The Hshare cryptocurrency cannot be hacked using a quantum computer.
It is hierarchical
Hshare has a hierarchy that makes it easy to make decisions regarding the future of the cryptocurrency. A user’s voting power does not depend only on their stake but also on the amount of computing power they have contributed to the system. This provides the system with a stable base that can be used for making improvements in the future.
Challenges of Hshare – Is Hshare a Scam?
Despite the many advantages of Hshare, the technology is faced with a number of challenges that it must handle. The way it handles these challenges will determine whether it succeeds or whether it fails. That said, I want to discuss the challenges that the Hshare team must tackle when moving forward:
Since the release of Hshare, it has been a target of criticism especially after climbing the CoinMarketCap to its top spots. Some of its critics have even called it a scam coin, stating that the team under its development are not ready to implement what they have described in their whitepaper. The whitepaper states many technologies without describing how they will be implemented into one system.
Currently, no one can guarantee cryptocurrency enthusiasts that Hshare is under active development. Only 17 commits from a single contributor have been witnessed for the past 5 months on the Hshare Github.
However, we may have development of the platform going on somewhere offline, but Github has been the best platform for open source projects like Hshare, and seen very little activity regarding the same makes us raise eyebrows.
The Hshare team has also not created a LinkedIn account, and they are missing user history on common social media platforms.
However, all the above issues facing Hshare might be caused by the fact that the team is based in China in which there are restrictions regarding access to some of these sites. If you can speak Chinese, you may be able to get more details regarding this team. The internet has remained silent when it comes to verification of the Hshare team’s credentials.
Despite the above odds, Hshare has a bright future in which blockchains will be connected and it will be possible to transfer value between various platforms. It is not clear what the development team is doing and the progress they have made so far.
Hshare Team
Dallas Brooks is known to be the CEO overseen the development of Hshare. He is a qualified and experienced expert in the financial and investment industry. He has an in-depth knowledge about the financial world and he is ready and willing to revolutionize it. He has been working on finding the best cryptocurrency to facilitate communication between various blockchain implementations.
Hshare team leaders.
Brooks hosts a television show named “Dollars with Sense”, in which he educates people about financial and legal matters. His vision and entrepreneurship is expected to take Hshare to another level. Khal Achkar is known to be the CTO of Hshare. He has an extensive knowledge about information systems and how they can be implemented.
Achkar has a great interest in the blockchain technology, and this is expected to drive the growth of Hshare. The team has a total of 7 team members with an age averaging to 45 years. The Hshare team details can be summarized as follows:
CEO: Dallas Brooks
CTO: Khal Achkar
Team Members: 7
Average team Members Age: 45 years
Other members of the Hshare team include Dawu Gu, a Computer Science Professor from Shanghai Jiao Tong University leading the cryptography and information security research team, Ryan Xu, the Managing Director of Collinstar Capital and Dr. Joseph Liu, a cybersecurity expert.
Hshare Community
The following are the statistics about the number of followers Hshare has attracted on various social media accounts:
Twitter: 3,908
Facebook: 1,416
The Hshare can be found on Twitter and Facebook. Their Facebook account was created on June, 2017, and it has attracted 1,416 likes so far. They have a blog on which they post on a weekly basis.
Is Hshare Worth Buying?
Personally, I think this is a cryptocurrency worth buying. The current market capitalization of this currency, whose native cryptocurrency trades under symbol HSR, stands at ~$450 million with the price currently standing at around $10. This price is expected to rise steadily in 2018 but of course estimates vary significantly depending on who you ask.
Hcash was launched in the Autumn of 2017.
Cryptocurrency users have wanted a way of moving from one cryptocurrency to another with much ease and at no or lower cost. Companies also need a way to communicate from one blockchain to another, example, from Ethereum to Bitcoin. Since Hshare supports this, it is expected that individuals and companies will adopt it at a high rate, increasing its value.
I believe the best time to buy Hshare is now. If they succeed in implementing what is stated in its whitepaper, the market cap for this cryptocurrency will rise, even 100x. This may take a long time, but it is still possible.
Note: The price of Hshare varies highly like with other cryptocurrencies. The price went from over $17 to less than $10 during the writing of this article.
Hshare Price Prediction
Hshare is one of the new cryptocurrencies in the market released in 2017, so it hasn’t stayed in the market for more than one year. However, despite the short stay in the market, the dynamic movement of the price of this cryptocurrency has lit the market.
After the first listing of HSR, it was selling at $20 per token. The value of this coin hit $36 within a month, which is an 80% increase. This made many cryptocurrency lovers prepare to invest in this coin, but its price went down t0 6.56% within 5 days. The coin’s price went down further to $4.64 within 9 days.
However, the crypto-coin gained its force, with its price beginning to rise from 15 September 2017. By mid-December, its price was about $40. However, the value has gone down and the price now stands at about $10.
However, I believe that many individuals are to adopt this coin after learning its benefits, and this will cause its price to increase. If you want to learn how to make more money with cryptocurrencies, I recommend following Roope’s step-by-step training here.
Conclusion – Is Hshare a Good Investment?
Some investors may disagree, but I believe that Hshare is one of the cryptocurrencies one should trade. Trading a cryptocurrency that maintains a single trend for over six months is not advisable. Hshare has not shown this trend.
Hshare market varies from time to time, which gives traders to place different trades based on their predictions. This way, the traders may earn profits regularly. However, to trade Hshare, I recommend that you use indicators such as Elliot waves to know the direction the price may go.
As always, I want to remind that investing in cryptocurrencies can give great returns but it also involves risks. You need to be prepared for losses as well. Don’t put your whole fortune in the game unless you really know what you are doing.
For those who prefer more secure and risk-free ways to make money online, I can highly recommend checking out a powerful step-by-step training by clicking here or the picture below. It will also help you to make more money with cryptocurrencies.
What are your thoughts about Hshare?
Do you think it is a good investment opportunity?
What can you say about the future of Hshare?
I Will be Happy to Read your Opinion in the Comments Below!
(Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice.)
Wealthy Affiliate is an online business platform that provides you the training, tools, community and literally everything you need in order to build and run a successful online business.
Wealthy Affiliate Homepage. Click the Picture to Get Started.
There are already more than 1,3 million members in the WA community but I noticed that still thousands of people have been asking on Google and Quora questions like, “Is Wealthy Affiliate Worth It? Is Wealthy Affiliate worth the price? Did you have any success with Wealthy Affiliate?”
I decided to ask 17 Wealthy Affiliate members to share their thoughts and experiences of that platform and making money online in general. Some of them were complete beginners in the online business world when they started on WA while some of them already had years of experience.
The underlining fact is that Wealthy Affiliate helped all of them to make more money online.
I am sure you will find this article extremely helpful and valuable. The old wisdom says, “If you do what other successful people do, you will eventually get the same results that they do.” In the other words, if you listen to the advice that the people below are about to say, you will also learn to make more money online.
Is Wealthy Affiliate Worth It? – Video
I created a YouTube video where I summarize answers, key points of the interviews and show how the Wealthy Affiliate training and community works. I am sure that you find it helpful and valuable.
5 Questions That I Asked from 17 WA-Members
1.Why And When did you join Wealthy Affiliate?
2.Did you have any former experience of making money online?
3.Why do you like Wealthy Affiliate?
4.Who would especially benefit from Wealthy Affiliate? / Who do you recommend WA?
5.What are the 3 short tips that you would give to a beginner who wants to make money online?
Are you ready to see what they answered? Let’s go!
We’ll start with Nathaniell who was the person that invited me to Wealthy Affiliate in 2015 on his website. His help and support have been immensely important for me during my online business journey.
1) I joined WA in 2010 because I was looking for ways to make money while traveling in Asia. My job paid in Chinese money, but it was hard to go anywhere outside of China and have a great vacation. The exchanges rates are not very good!
What started as just a way to make US dollars in China to fund fun activities, ended up being a full-time venture!
2) Nope! I had no idea how to build a website or how to make money. I lived outside the US for 10 years, so I didn’t even have a smartphone or Facebook account before I moved back to the US in 2012.
3) There are a lot of reasons to like WA. I think the main ones are
1) It’s a community where people can help each other and get advice from full-time marketers and 2) It simplifies the online marketing process from complicated schemes to “game” Google into writing a content-focused blog on a specific topic that helps people.
In other words, they teach the concept of creating a long-term online business that helps people. It’s like picking stocks.
You can buy a penny stock now and hope to jump out before it bombs, or you can pick a solid company that will beat out the market over the next decade.
4) Newbies who are sick of being jerked around from product to product will benefit from Wealthy Affiliate.
If you don’t have a business plan in mind and want to learn how to make money from a website without having to watch your back every five minutes for the next thing to buy from a guru sending you an email, then Wealthy Affiliate is an awesome place to learn affiliate marketing.
Nathaniell started on Wealthy Affiliate while living in China.
My 3 Tips for Beginners:
1. If you create low-quality content now, you will regret it later. I have spent many hours and dollars trying to edit old content I am embarrassed that I published to my site!
2. You can’t be perfect. This contradicts Tip #1, but it still relevant! Better to publish something “less than perfect” than to publish nothing at all. You can always go back and edit or improve later.
3. Get into the mindset of helping people. You might think you can pull a “fast one” and make some quick sales by writing some overhyped content, but most people are savvy to that type of marketing. Long-term, helpful, honest content wins out.
Once you have traffic flowing in, you can tweak your sales copy or calls to action to increase conversions to but start out you need to have your visitors in mind!
1 – June 2015 I joined Wealthy Affiliate to learn about Affiliate Marketing to earn more revenue online.
2 – I’ve been earning an income online since 2007
3 –I love Wealthy Affiliate because of the Wonderful Community of Friends who are Caring, Knowledgeable and Sharing. I also love WA because of the Amazing support team including Carson, Kyle, Jay and also SiteSupport.
4 – I always recommend WA to my Friends and Family who are would like to become Business Owners to increase their visibility online with Affiliate marketing while learning about SEO, Keywords, Content Creation and Marketing.
3 short tips for beginners:
#1 – Join WA with a person who you trust and can learn from.
#2 – Place more emphasis on your business than on your extracurricular activities ie… TV watching, partying, game playing. Treat your online business like a business by putting in the work and staying focused!
#3 – Never stop learning, be like a sponge. The internet is full of information – Make sure that what you learn is current, true and applicable to where you want to go. Always know where you want to go so that you can work towards getting there.
(1) I joined WA in July 2015. I was looking for a way to earn money from home while raising my children. Back then, I was still working full time, but have a pretty tight schedule (not too suitable for a mom with small children).
(2) I did try writing for Squidoo (it’s an online platform whereby you can build your website for free and inserting affiliate links in the articles, the revenue is shared between Squidoo and the author. I didn’t earn much though, maybe just $20 per month at most).
(3)I like Wealthy Affiliate because it provides a complete step by step guide for a beginner, it has a community for asking questions, the Site Comment to really help to keep the website alive at the beginning, also the Keyword Tool. Oh, I also love the weekly webinar by Jay.
(4) I guess everyone who is trying to make income online will benefit from Wealthy Affiliate, especially newbies. WA certification provides you with basic yet very important steps you need to do in building and growing your website.
(5)3 Tips for Beginners:
Join WA and follow the certification course step by step (don’t skip lessons and do the assignment).
Don’t get easily distracted with other shiny objects out there.
1. I joined June 2007. I was doing marketing on my own for years before this. But I felt like I didn’t really understand what I needed to do. Then I rank into Travis who created Bum Marketing.
He recommended Wealthy Affiliate. Initially, I was very skeptical because of the name. But because the recommendation came from someone I trusted, I decided to give it a shot. I haven’t left since.
2. Yes, I was successfully making money doing things like surveys, PTC, reading emails. However, the income was limited because it was based on my own activities.
However once I realized these programs had referral programs, I started to focus on referring people to these sites because I made more money and it became passive. So that was my introduction to affiliate marketing.
3. I love Wealthy Affiliate because it’s a one-stop shop for all types of internet marketing training and tools. I also love the fact that it’s a supportive community that encourages its users. The heart of Wealthy Affiliate are the members and owners.
4. I think Wealthy Affiliate is perfect for anyone looking to make money online. But the ideal person is willing to learn, put in hard work and has the patience to make this work for them. If you have an employee or get rich quick mentality then you won’t really like Wealthy Affiliate.
My tips are the following:
a. Invest in yourself. One of my biggest regrets was not to invest in my own education via buying courses or eBooks from people that were successful in what I wanted to master. It costs me thousands of dollars in income I would have earned sooner if I wasn’t being cheap or trying to do everything for free.
b. Be patient. People assume that the internet means little work and instant success. It’s not. You need to have a lot of delayed gratification to succeed in this business. A lot of the work you initially put in won’t bear fruit until months later. But people give up before seeing that. You have to push forward even if you don’t see the initial results. It will come if you’re following the training.
c. Fail forward. Too many people are afraid to fail or make mistakes. But that’s part of the process. Most of the successful people you know have failed many times. The difference between them and the rest of the population is that they don’t allow failure to stop them. They use these temporary failures as lessons that help them get closer to their success. You’re going to run into obstacles and challenges. Don’t give up.
1) I joined Wealthy Affiliate in 2015 about a month after I first started looking for a way to make money online. The reason I decided to join was because it took a realistic approach to things and wasn’t telling me that I would make a ton of money with little to no work.
I had come close to being scammed and wasted a lot of time prior to this and Wealthy Affiliate just seemed honest.
The reason I was looking for work online was mostly because I wanted the geographical freedom to pick up and move wherever I might want or need to.
Kyle has shared his earnings from one affiliate program on his website.
2) I started with no experience in this realm. I messed around with paid surveys, PTC sites, and a few other things but had no experience with affiliate marketing or anything that WA taught.
3) I like WA because of the honesty and the community most of all. The training and the tools are great, don’t get me wrong, but I feel that the honest approach that WA takes along with the lively community really separate it from other similar platforms.
4) I mostly recommend WA to people who are looking to supplement their income, bring in a part-time income, or potentially go full-time. However, I don’t recommend it to those that are in need of an income immediately. It’s a slow process and takes time to get things moving.
And of course, I recommend this to those that like to blog or write articles since this accounts for the majority of the job.
5) A: Pick a niche that is, at the very least, interesting to you. I know this doesn’t sound like much of a tip but I learned the hard way early on. You will get burnt out if you are writing about things you don’t really care for.
B: Don’t waste time making your website perfect. In the early stages, I always see so many people trying to make their website look perfect. This is often a waste of time and will not help with conversions. I always tell people to keep it as simple as possible when starting.
C: Write quality content and lots of it. Its all about content. I get 100% of my website traffic from content ranked in the search engines.
Pump out the good content and keep doing this. Follow the curriculum. There is no secret to this the problem is that most people write 5 or 6 posts and don’t see any money coming in so they give up.
1- I joined Wealthy Affiliate on the 24th October of 2016, I was looking for a way to make money online, I desperately need to make some extra cash to pay off my university and rent fees.
2- When I joined WA I was a complete newbie, I had no idea how money could be made online, I knew people do make money online and I knew it was something possible but I had no clue how and where to get started.
3- I like Wealthy Affiliate because of their amazing well laid out training, they have videos, tutorials, articles, live webinars, all laid out for you in a step by step.
On top of that, they have an amazing community and support team that will support you and help you whenever you get stuck in the training.
4- Everyone will benefit from Wealthy Affiliate but I think newbies are the ones that will benefit the most.
Because WA is especially suitable for newbies, people like me who joined WA without any experience. I highly recommend WA for newbies.
5- When I joined Wealthy Affiliate I was hoping to make thousands of dollars in my first or second month.
But that was an unrealistic income wish. I’m not saying it’s not possible to make thousands of dollars online but it takes lots of time and hard work to reach that amazing goal.
The most important 3 tips that I learned that I want to share with newbies hoping to make money online are:
1) Work Hard and be Consistent
If you want to make money you will need to put in a lot of consistent focused hard work That’s the key to success, WA is a legitimate training, I mean it’s not a click a button scheme.
2) Set a realistic income goal
Before you aim for the thousands of dollars, aim for your first dollar, then your first $50, then your first $100.
That’s how it works.
Your online business results will grow really slowly, you need to be patient. There will come days when you will want to quit when you will get frustrated.
You will need to overcome those, thatìs the patience test, a fundamental step to overcome if you want to succeed.
“You can have everything in life you want if you will just help other people to get what they want.” -Zig Ziglar
3) Help people and the money will come
When you start building your business, your goal should be to help people fix their problems. You need to write content that solves people’s problems.
Then give them a paid solution ( send them to your affiliate links).
If you don’t help people, they won’t click your affiliate links and won’t buy from you.
Dylan Rieger
1) I joined Wealth Affiliate after doing some research on making money online and luckily it was the first place I joined. I had a few jobs before that and just wasn’t happy with them. I didn’t like the structure and rigidity of working for someone else.
2) I didn’t have any experience before this but it took me a little over a year to really figure things out.
3) I would say someone that’s willing to put in the work and able to discipline themselves. It takes daily effort to make this work and a lot of experimenting. If you’re expecting to work for a month and be set for life then this isn’t for you.
3 Short Tips for Beginners:
Number one: Be willing to make changes if you’re not getting results.
Number two: Research successful websites in your niche. See how long their content is and which keywords they have.
Number three: Always plan ahead. Don’t just wing it day in and day out. Figure out the next 10 keywords you’re going to write and then write them. Track your results and make the changes necessary to become successful.
1.I think its August 2015. Since I have read rich dad poor dad, I always wanted to have a passive source of income. I tried MLM business but it didn’t work. That is when I discovered online marketing. I tried one online program but it is too expensive. That is when I discovered about wealthy affiliate.
2.No, actually, I don’t have prior experience in earning online.
3.The support in WA is awesome. Whenever I am lost or I have a question, I immediately get answers.
4.I recommend WA to everyone. No matter your age is, it is not too late to start.
3 Short Tips for Beginners:
-Be patient
-Don’t be too hard on yourself
– Be consistent
1) I joined Wealthy Affiliate in May 2016. That’s when I was 18 years old. I joined WA because I knew I’m not going to become an employee and work for other people. So that’s why I started looking for opportunities online.
2) Before I came across WA, I joined another company trying to make money online. However, it turned out to be a scam. Fortunately, it didn’t take long before I found WA. Having the experienced of being scammed, this makes even more definite that WA is a truly amazing place.
3) Simply put, WA is the best place for anyone to build an online business at a very affordable and reasonable price.
The value it offers way exceeds the price it charges you. But I need to mention that their truly ‘pay-it-forward’ community is something that I love the most. It’s hard to find any other platform with such an amazing community!
4) Let me put it this way. WA is NOT for you if you’re looking for some get rich quick schemes and you’re not willing to put in your time and effort in building your own business. Other than that, WA is for everyone who has the will to succeed online.
5) My 3 tips can be summarized in 3 words: COMMITMENT, CONSISTENCY, and PATIENCE.
Make money online is a serious business. One common mistake many people make is dabbling around. Wealthy Affiliate is a legitimate place to make money online. So you need to COMMIT your time, effort and most importantly yourself.
Next, consistency is key to all success. You’re not going to lose 20kg by just going to gym for one week, are you? That’s not possible. This is the same for your online business as well.
Lastly, building an online business is not like working for a paycheck. You won’t be seeing any results in the beginning but you need to be patient. Trust the system and put in consistent work. Very soon, you’ll be grateful that you didn’t give up half way!
1.I joined it in 2007 and it was a “last resort” after having VERY bad experiences with other make money type programs. I said to myself this is the last one I’ll try and if it fails, I’m done. Luckily that last shot turned out to be the best shot 🙂
2.I had a little bit of it, 2 years before WA, but nothing major happened.
3.They are real, they (WA) give you the fishing rod but you have to do the fishing so to say. And the community help is a big bonus. Finally, the tools they set up, make it the best place to get everything you need.
4.Hobbyists, anyone seeking to try a different way of making money in life (retirees, travelers, people tired of their jobs, etc…).
3Short Tips for Beginners
1) Start with WA.
2) Complete their courses.
3) Work passionately at this.
Vitaly’s earnings from one of his websites. (November 2017, $11,234.50)
1.I always have a knack for trying new niches so I joined WA because I wanted to learn how to monetize my passion and to see whether or not I can make money from it. When I tried WA, I was so surprised as to how transparent they are with the lessons and reality of Internet Marketing.
I decided to create a blog and until now, it’s still standing firm online, monetizing even when I haven’t worked on it for months. I joined in May 2014 so there are 3 months more to go until I reach my 4th year with WA, yey!
2.Not at all. I worked as a hotelier so the closest thing I know to using the internet was to play World of Warcraft.
3.Well, apart from the amazing evergreen lessons, I would say that I love WA because of the community itself. Everyone is very supportive and they come from various backgrounds.
Unlike MLM where they pressure you day and night to make money so that they can earn a commission off your downline, WA’s community is a lot different. Everyone is a business owner and we work very hard daily to create new content for our business so you will never see anyone pressuring you to work because we don’t get anything from you.
We help because we want to give back to the community and for me, even though I’ve finished the lessons in WA, I still maintain my membership to help out from time to time as for how Kyle and Carson guided me when I first started.
4.I recommend WA to everyone. Whatever your dreams and ambitions are, you can learn how to monetize that and make a living doing what you love.
For me, I love writing content and I love organizing events so I decided to create a website called kamiraevents.com sharing random tips from my experiences. After a while, I was confident enough to start promoting my services to organize huge events on my own such as doing Gala Dinners and Event Decorations. Today, I have my own shop with a team of 10 people with me.
I also have a blog sharing tips on SEO and Content Marketing at MyInternetQuest.com. It doesn’t stop there, I also opened started blogging about games and ended up opening a physical store in Shah Alam, Malaysia where I come from. Whatever your dreams are, WA will show you the way on how to reach there,
3 short tips for beginners:
Always be on the lookout for new trends and contents to take advantage of.
Be consistent with your work, it’ll help grow your business faster.
NEVER give up. Often times success starts to build up the moment you’re about to quit so you may never know
1. I joined WA in 2013 because I wanted to learn how to make money online and WA looked very trustworthy.
2. Yes, I made some money online back in 2001
3. I like WA because their approach is very realistic and honest. They don’t promise overnight wealth. And support is fantastic.
4. I recommend WA to both beginners and advanced. Advanced may not benefit from the basic training but they can benefit from weekly live training and other WA old members. It’s a great value!
5. Treat your business seriously and you will get results. By this I mean:
1. I joined Wealthy Affiliate back in April of 2015. I’d spent a year thinking about doing affiliate marketing and doing loads of research, but yet I still didn’t know where to really start.
It was only when I joined Wealthy Affiliate that I had a clear direction and the process really started to make sense. I was searching for more ways to make money online and affiliate marketing seemed like a good fit.
2. Prior to affiliate marketing, I’d made some part-time money selling items on eBay. I also used to write, publish and sell a lot of eBooks. This did well for a few years, then competition became really fierce and sales really dried up. That’s when I went in search of something else to do online as well.
3. I could write a lot about this, but I’ll sum things up with 2 simple reasons.
Firstly, the training is easy. Anyone can do this if they follow the lessons.
Secondly, and most importantly, I get to interact with a community that desires to see everyone else succeed in this business, and that’s rare. I’ve learnt so much from other members. It really is an unbelievable community.
4. Anyone could really stand to benefit from being a member of WA. If you want to make extra money from the comfort of home, or even establish a fulltime business, then WA is for you. It’s not all about affiliate marketing either. What’s taught at Wealthy Affiliate is relevant to all sorts of ways to make money online.
5. Avoid wasting time and money on obvious scams that promise you riches without telling you how. If it sounds unbelievable, then it probably is.
Be prepared to put time and effort into something and don’t expect to be making money instantly, or even within the first few months. Give it time as it’ll be well worth it.
Make a list of all the positive reasons you want to make money online and keep it somewhere visible. It’ll help you stay motivated and to persevere through any tough times.
1.I joined in August of 2013. I was looking for a way to create my own ecommerce website so I didn’t have to continue selling through eBay and paying their annoying fees.
2.Yes, as an eBay Power Seller.
3.Why do you like Wealthy Affiliate? = It is an all-inclusive, easy to understand, low cost training and business building platform.
4. Anyone who wants to earn residual and passive income from the comfort of their home, as long as they realize that this is not a get rich quick scheme.
3 short tips for a beginner who wants to make money online
A – Take the Online Entrepreneur Certification Course first before doing the Affiliate Bootcamp because it will help you greatly to understand Affiliate Marketing more than Bootcamp will.
B – Do not rush through the training. Just like the story of the tortoise and the hare, slow and steady will win the race. If you need to go back and take the lesson again, then just do it.
C – Be patient and do not quit, because depending on how many hours you put in every day, which should be no less than 3, it can be close to a year before you see any kind of steady results.
1) I joined Wealthy Affiliate in July 2015 while I was looking for an Online survey review. That was when I discovered affiliate marketing the power of passive income. At that point, I knew that could change my life in a way that I never imagined.
2) Apart from making money with online surveys, I had never made a dime online. I had zero experience.
3) The community aspect of Wealthy Affiliate, and to know I can always get support and motivation whenever I need.
It’s a lonely job, so being part of a community of people who are in the same boat, and being able to share successes and failures is awesome.
4) Anyone can benefit from WA. However, some people are not motivated enough to put in the work. So, for those who are prepared to grind and reach their goals, WA is an incredible investment.
3 Tip for Beginners:
Be patient.
Learn from your mistakes.
Don’t procrastinate. Bonus tip – Work hard like your life depend on it.
Stefan made recently $472.50 in passive income while riding a camel in Sahara desert. Thanks to Wealthy Affiliate!
1) I joined Wealthy Affiliate in 2015 and the main reason behind it was that I wanted to be flexible with time and location (so that I could travel more).
Initially, I started my online journey as a freelancer but I soon realized that even though I was working online, I wanted to have more freedom and answer for myself only.
Being a blogger/affiliate marketer definitely sounded more like something I’d want to do. And I decided to go for it (with Wealthy Affiliate).
2) As I mentioned in #1, I had experience in making money online as a freelancer. And while it was a great experience, running after someone to give me a job wasn’t something I wanted to do.
3) There are too many reasons why I like this Wealthy Affiliate community.
First of all, it’s because it really is a community of like-minded, helpful individuals. I think I would probably have quit if it wasn’t for the support I received throughout the years. See, when you are building a business online, it can get lonely. But when you communicate with fellow WA members and see their progress and success stories, it cheers you up and confirms that nothing is impossible.
Second thing is the step-by-step training that is very newbie-friendly. When you just start out you barely understand how this money making business works but WA helps you figure it out, inspire you and get you to work.
There are a lot of things I could say about Wealthy Affiliate but I believe these 2 points are crucial – proper guidance and endless support – if you want to succeed online.
4) Frankly, anyone of any profession would benefit from WA. Anyone who wants to make a side cash or build a full-time business online. Anyone who has a passion and is willing to put in work. It’s easier to say who is it NOT for: Wealthy Affiliate is not for those who are looking for easy money (ways to get rich quick).
You WILL have to treat your website as a business from the beginning and put time and efforts into it. It can get challenging and that’s when the community/support aspect of Wealthy Affiliate will come in handy.
3 Short Tips for Beginners Who Want to Make Money Online
The best advice I can give you is, be patient. Please, be patient. Building an online business takes time and it potentially may take some time before you will see your first commissions. I made my first $50 commissions after 5 months of entering the online business world. Now I can make these fifty bucks in 1 day.
Second tip – if you decided to join the WA, follow the training. While creativity is appreciated, if you are a total newbie, just follow the training.
And finally, treat your website as a business. You don’t have to write articles like a lunatic but do pay attention to it on a daily basis – think of different ways to improve your business. Do keyword research. Connect with fellow bloggers in your niche. Write at least 300 words for your new article. Do something to improve.
1: I joined WA in 2013 because I wanted more than a JOB, I wanted to earn an income that would set me free in life.
2: I started online marketing in 1999, bouncing from one online money making opportunity to another.
But I did learn about the concept of affiliate marketing, pick up a few marketing skills, and make some part-time commissions prior to joining WA.
3: The reason why I love WA so much is for the fact that it provides everything I need to run a successful business, it’s got a fantastic community to fall back on for support, and the training from Kyle is evergreen.
4: Absolutely anyone can join WA, even a novice with zero knowledge on internet marketing because the training is so easy to follow.
If you have a hobby or passion, you can build a profitable business with WA.
My 3 tips for beginners wanting to make money:
Stick with the training platform and don’t continually buy into the latest and greatest shiny objects.
Believe in yourself, drown out the naysayers, and work hard because it will pay off.
Focus on building your business during your spare time and learn to say no to distractions like TV until your business is off the ground.
Thank you very much for all the answers. I appreciate them all.
Now I would like to answer a few frequently asked questions on WA that beginners are usually thinking.
How Much Money Can You Make with Wealthy Affiliate?
Wealthy Affiliate teaches you to build a successful online business which means that even the sky isn’t a limit with your earnings. That being said, you shouldn’t wait for millions right away.
Building a successful business takes time and effort. You can make much more money that with a regular 9-5 job but you need to be patient and consistent. With a 9-5 job or with freelancing you make money right away when the task is accomplished. With a business, you first make a work and afterward you reap the rewards.
Sometimes I earn money from the work that I did 1,5 years ago. That’s also the beauty of having an online business. You can make money while you are sleeping, traveling, laying on the beach, chatting with your friends, etc. In addition, you can decide when you work and where you work. I have traveled to 5 different countries during the past 2 months because having an online business allows me to do that.
Some time ago I created a post of 5 WA members who were making +$10,000/month (and some of them much more). I know a guy who started on Wealthy Affiliate some years ago without any experience and nowadays he’s running a +$1 Million/year online business. The key is just to get started, keep on learning and doing.
You will succeed if you follow the training and put it into action consistently.
Wealthy Affiliate Cost – Free Or Less Than $1 Per Day
In my comprehensive Wealthy Affiliate review, I have explained the pricing on WA. You can get started for completely free and have an access to all premium features for 7 days. You still remain a free membership for a lifetime unless you want to upgrade to premium.
The price of a premium membership is $19 for the first month and $49/month or $359/year afterward. I certainly recommend going for a yearly plan because you save $229 immediately with it. In addition, it will pay itself back many times over the time course.
Let’s say, for example, that Wealthy Affiliate helps you to make $10,000/year more money online, $359 investment to their training costs nothing.
With the Wealthy Affiliate premium membership you will get an access to:
Step-by-step online business training.
Help and support from successful online entrepreneurs.
My 1-on-1 support. I give you personal tips and answer all your questions personally.
Own high-quality websites and easy-to-use website domain hosting.
Access to 1,000’s of classes and online business tutorials.
The best keyword tool in the industry. (Helps you to drive 10,000’s visitors to your website from Google.)
And much more!
Conclusion – Is Wealthy Affiliate Worth It?
Yes, Wealthy Affiliate is certainly worth it. Everybody who follows the training and applies the knowledge will earn money and get good results.
I have seen it so many times on my own and also in other people’s lives. My 2 most important tips for you are:
In my experience, many times making big money online mostly depends on the willingness to do the things. On Wealthy Affiliate, you have everything you need to succeed. Your task is just to apply the knowledge into practice.
If you haven’t yet started the training on Wealthy Affiliate, I highly recommend that you get started today. I will send you a personal message inside the community right after you have joined and I’ll help you hand in hand to get started well.
Do you have prior experience of making money online?
Have you already started the training on Wealthy Affiliate?
Do you need further help from me?
Let me know in the comments below! 🙂
If you have any questions, I will be more than happy to help you out.
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