5

Is IOTA Legit And Will It Revolutionize the Whole World!?

Is IOTA legit? How does it work and what are the main benefits? Is IOTA a good investment or just another way to lose your money?

If you are looking answers to any of these questions, you have come to the right place! In this IOTA review, I will share my knowledge about this highly interesting cryptocurrency. Some people say that it will revolutionize our world in a way like an email replaced posting system!

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Is IOTA the Future? – Video Review

I want to give you an opportunity to watch my video review of IOTA. I point out a few interesting reasons why IOTA could change the whole world. I believe you will find my video informative and helpful. Then you can continue reading the article where I share even more interesting details about this revolutionary cryptocurrency.

=> I Bought IOTA on Binance!

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IOTA Review

Name: IOTA (MIOTA)

Launched: 2017

Type: Cryptocurrency

Short Review: IOTA is, in my opinion, one of the most interesting cryptocurrencies in the world. Their technology has a potential to revolutionize our whole payment system and many other things (like an interaction between things). However, the project is still in its infancy and it’s not possible to give a 100% sure answer how this will work out. If it goes great, it may mean a leap for the humankind to a “new world”.

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What Is IOTA?

IOTA is a revolutionary cryptocurrency that is not using blockchain for transactions at all. People say that IOTA is a 3rd generation cryptocurrency like Cardano. It’s supposed to solve problems that two first generations weren’t able to solve. IOTA was launched in June of 2017 so we can say it’s still a relatively new coin especially compared to older ones like Bitcoin or Ripple.

Every single cryptocurrency in the world usually tries to solve a problem that other ones weren’t either to solve or it tries to do it better. Just like in a business world. You create a completely new thing or you just make something better than others are already doing.

The biggest difference between IOTA and other cryptocurrencies is that IOTA uses tangle instead of a blockchain. This may have benefits and of them is that it doesn’t have any transaction fees.

One of the most interesting applicactions of IOTA is that it may provide secure communications and payments between machines on the Internet of Things.

Anyway, let’s first take a closer look at the differences of the Tangle and a blockchain.

IOTA Tangle vs. Blockchain

Let me first list a few typical characteristics of a blockchain. The following things are usually involved in that technology:

• Mining
• Fees to accomplish transactions
• Blocks
• Distributed consensus
• Hascash

Let’s take a look at the characteristics of the Tangle:

• No miners
• No fees (So, it’s free to make transactions)
• No blocks
• Distributed consensus
• Lite haschash

Tangle can also provide important features like scalability, quantum security, and offline capabilities. I understand that tangle can feel like a complicated thing but a part of the following video will help you to understand it a little bit. The video below shows probably the simplest way to explain the tangle. I have set that it starts from the right time 4:02 where the guy starts explaining it.

He says a nice parable in the video that explains the difference between tangle and blockchain pretty well in my opinion.

Imagine that a tangle is a buffet restaurant where everyone serves themselves. Blockchain, on the other hand, is a restaurant where you are served and a waiter brings you the food.

Blockchain becomes slower when there are more and more users in the system. However, with tangle, we don’t most likely face the same problem. Even though there would be billions of users, they can “serve” themselves to approve the transactions. If you are interested in the other differences of tangle and blockchain in a great detail, I just recommend that you watch the video above. It explains all of them pretty well.

=> Do You Believe in IOTA? You Can Buy It on Binance!

Application with the Internet of Things – THIS BLEW MY MIND!

This is pretty amazing and revolutionary thing so I would like you to read carefully. I also would be eager to hear your thoughts and opinions about this afterward in the comments below.

IOTA technology allows machines that are connected to the Internet of things to communicate and make payments. Can you imagine? The machines could interact with themselves. It’s pretty mind-blowing, huh? On the other hand, it also reminds us of Terminator and similar movies where machines take over the world. But before we get too scared about it, let me share you just a couple of applications how it could be used in an everyday life. You’ll probably come up with other ideas as well.

Imagine that you have a car that can accept and make payments automatically. You come to a road toll and you don’t need to take your wallet anymore because the car communicates automatically the toll fee. The same works wherever you go with your car like when you are paying for the gas, for example. Imagine that you have a car rental. You wouldn’t need to go through the complicated process of managing all payments from your clients because the car could take the payments itself.

This doesn’t only apply to cards. Automated payment system could be applied to these devices as well:

• Drones
• Freight trucks
• Houses with solar panels
• Freight ships
• And so on.

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One of the Most Important IOTA Benefit

There was one man who sent $12 million to another person by using IOTA. Guess how big fees did he pay?

Yes, you probably guessed right. He didn’t pay any fees because IOTA enables completely free transactions. As I explained above, IOTA doesn’t use a blockchain but a tangle technology.

Imagine how big fees you would need to pay on PayPal or for your bank if you would transfer $12 million in an “old-school” way. For example, I tried to send money to my friend through PayPal but I backed because the fees were so high. For around $200 transfer I would have a need to pay $10. For $500 it would have been almost $25. With IOTA it would be free.

Bitcoin vs Iota

It’s always interesting to compare new cryptocurrencies to Bitcoin which is the first and also the biggest one at the moment. The greatest core difference between IOTA and Bitcoin are is between blockchain and tangle technologies like I showed above.

That has many significant effects in practice. IOTA’s goal is to enable scalability and faster transactions than other coins. The benefit of Tangle is that it doesn’t go slower even though there would be more users. Actually, it can work in an opposite way. More users make it better and faster.

Let me show you as an example how many transactions per second each payment methods can handle at the moment. (NOTE: These numbers are estimations and they may vary day by day.)

• Bitcoin 4,5 per second
• Ethereum 20 per second
• PayPal 200 per second
• IOTA 1,000 per second
• Visa 2,000 per second

As you have probably noticed or heard, Bitcoin transactions have been pretty slow when more and more people have come to the system. IOTA is already handling quite a huge number of transactions every second. In this sense, it looks pretty promising for IOTA compared to Bitcoin.

There is a fixed number of IOTAs and it doesn’t change. The amount of Bitcoins is still growing until all of them are mine. The circulating supply is 2,779,530,283 MIOTA. Notice that they always use MIOTA which means 1 million IOTAs. So, there are 2,779,530,283,000,000 IOTAs in the world at the moment. Also, the value of IOTA is usually mentioned in MIOTA which means a million IOTA.

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Is Iota a Good Investment? – Will It Revolutionize the Whole World?

Some people (including a cryptocurrency expert David Hay) say that IOTA has a potential to replace our payment systems in the same way like email replaced the post system years ago. That would be pretty mind-blowing. I believe that cryptocurrencies have a good potential to replace our current financial or banking system in one way to another but the time will show how.

And imagine about the smart cities that the guy mentioned in the video above. Tons of things could work “on autopilot” and save human energy. Then we could use our time for other and more meaningful activities. It would be again a step forward with the technology.

Of course, it’s also good to consider the threats if “robots” become “too smart” but at the same time we shouldn’t be afraid of positive improvements.

I am usually a long-term investor rather than a short-term trader. Within a short term, anything can happen with the price of IOTA so I am not going to speculate here how will it turn out to be (except a little bit in the next chapter). I see investing in IOTA as an investment to a long-term project that has lots of potentials but also risks at the same time.

Where to Buy IOTA?

There are a few marketplaces where you can buy IOTA at the moment. I have used Binance because in my opinion it’s the easiest and the safest place where you can buy this. Also, my friends have been using Binance and they have solely positive experiences of that cryptocurrency exchange.

=> I Bought IOTA on Binance!

Conclusion – Is IOTA Worth Buying?

While I was writing this article the market cap of IOTA went from less than $4 billion to over $5,5 billion. Let’s say that I would have bought IOTA for $10,000 when I started writing it the article and sold my coins right away when I finished this, I would now be $4,000 richer. Can you imagine? 😉

IOTA is among the top-10 of cryptocurrencies and we are talking about a huge thing here. There are two things to consider when you make an investment:

1. Is this going to grow in value in long term?
2. Is now the right timing?

When IOTA has grown more than 40% in a few days it could be safe to say that it will take a little move down in the near future. Then probably would be a better time to invest in IOTA. I see lots of potential on IOTA for the long term but I have to say the same what we see with many other altcoins. There aren’t many applications at the moment because the technology is still in its infancy.

Still, some companies have started accepting IOTA as a payment method and the future looks extremely interesting. All thoughts that I mentioned in this articles are my opinions and shouldn’t be taken as an official investment advice. I can say that, in my opinion, buying IOTA could be a good investment in the long term. (Disclaimer: That’s not an official investment advice.)

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What do you think about Iota?

Is it worth buying or not?

How Much will the value be in the future?

Let me know in the comments below! 🙂

15

Is Cardano a Good Investment? Read This Before Deciding!

New cryptocurrencies pop up all the time. Most of them stay small and unknown. Only a small part of people will know about them until they fade away.

But that didn’t happen to Cardano (ADA). It was launched at the end of September in 2017. Within a few weeks, it was already in top-10 of the biggest cryptocurrencies in the Universe. How did this happen? Is Cardano a good investment or just another cryptocurrency scam? Who is/are behind this coin and does it have any future?

If you are looking for answers to any of these questions, you have come to the right place. Let’s take a closer look at Cardano!

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Is Cardano a Scam? What Is It? Who Are Behind It? – Video Review

I wanted to provide you also a video where I share my knowledge about Cardano. I know that many of you prefer watching a video rather than just reading a text so I want to give you this opportunity as well. After watching the video I recommend that you dive into the article below because I share some details that I didn’t mention in the video. Enjoy!

=> Based on My Further Researches I Have Now Bought Cardano on Binance!

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Cardano Review

Name: Cardano (ADA)

Launched: 2017

Type: Cryptocurrencies

Short Review: Cardano is a highly promising cryptocurrency. Their team is highly qualified people in the cryptocurrency world and they have skills to move this project forward. However, the project is still pretty new and it’s impossible to say with 100% clarity how will it turn out to be in the future. In my opinion, investing in Cardano feels now like investing in a startup company.

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What Is Cardano? – How Did It Become So Big?

Cardano is a decentralized platform that allows (or will allow) complex programmable transfers of value (for example, money) in a secure and scalable fashion. They use a highly secure Haskell programming language. It was launched in the Autumn of 2017 and many people started investing in Cardano right away. The market cap was $500,000 in a few days almost right away after the launch. They knew who was behind this project and they trusted his skills.

The value stayed the same for around two months. Then it suddenly went in a few days from $0,03 (3 cents) to $0,14 (14 cents). The market cap went from under $800,000 to almost $4 million in 3 days. That was insane. A bigger audience started to talk about Cardano and some said this is going to be something huge.

Why Did Cardano Grow So Quickly? – Benefits of Cardano

The man behind Cardano is Charles Hoskinson. He looks like a typical nerd with a gentle smile and eyeglasses but people in the cryptocurrency world say he is a genius. He was also one of the main developers of Ethereum and when you have listened to this guy for a while, you realize that he knows what is talking about. He’s definitely one of the top leaders in the cryptocurrency world at the moment.

In addition, he is not alone behind Cardano. He says that there is a team of highly skilled individuals from different countries. If you check out their website or white paper, you see that Cardano is far from a scam and they are really trying to make something significant.

They say that Cardano and Hoskinson’s company IOHK are research-driven. They don’t want to focus too much on hype and marketing. Hoskinson has analyzed the short history of cryptocurrencies and his goal is to solve problems that other coins before this weren’t able to solve. These are, for example, scalability and real decentralization (some say that with certain coins creators have too much power).

Scalability is extremely important when always more and more people are getting involved to cryptocurrencies. You have probably seen some challenges of Bitcoin. Sometimes one transaction has taken up to one hour even though it was designed to be a quick way to transfer money. Of course, one hour is still much faster than 2-3 bank days but it could be faster.

Cardano’s goal is to create a technological platform, not only for individuals but also for organizations and businesses. Everything they do is quite open and transparent. That’s a huge benefit compared to suspicious cryptocurrencies like BitConnect. Well, most people don’t even bother to call BitConnect (or other similar ones) cryptocurrencies but Ponzi schemes.

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Is Cardano Worth Buying?

I don’t share official investment advice but I am always able to give my own personal opinion based on my research and knowledge. I still have quite a large knowledge of cryptocurrencies compared to an average Joe who just called about Bitcoin from the news. 😉

I see Cardano as a startup company that has just started their journey. Of course, there are highly experienced persons working on it but the system itself is pretty new and being developed all the time. In my opinion, Cardano has a much brighter future than most other coins. It didn’t jump to the top-10 of cryptocurrencies in a few weeks without a good reason.

Still, I would say that Cardano is still pretty new and we can’t be 100% sure of what will happen in the future. I recommend that you take a closer look at their website and make your analysis yourself. I need to warn that lots of their words are pretty technical and may be a bit challenging to understand for an average Joe.

We can’t still say that Hoskinson wouldn’t be a great salesperson/marketer. He (and his team) was able to make Cardano’s market cap over $500,000 in a few days after the launch. In order to do that, you need to be able to convince quite a few persons.

Where to Buy Cardano?

Cardano isn’t yet listed on some huge crypto exchanges like Coinbase, Bitfinex or Kraken. However, it’s already listed on a few major exchanges like Binance, for example. I have bought Cardano on Binance and I think it’s probably the best choice for you as well.

I believe that the price of Cardano will jump to the moon if it will be listed on Bitfinex or Kraken. If Cardano, will be listed on Coinbase, the price will probably grow even higher.

=> You Can Already Buy Cardano on Binance Like I Did!

Bitcoin vs Cardano

Bitcoin and Cardano have several similarities (e.g. decentralization) but also many differences. If you want to understand them more, I recommend taking a look at Charles Hoskinson’s “lecture” on Cardano.

His style of explaining things is down-to-earth and understandable even though he uses some technical vocabulary.

One thing that we always need to remember is that even though Bitcoin is the first and the largest coin, it may not be the biggest for forever. Do you remember what happened with mobile phones? Nokia dominated the market and then… BOOM!! Apple and Samsung took the lead while Nokia suffered from problems.

What about Yahoo and Google? Yahoo was dominating and people didn’t believe a small Google would make it.

I am not saying that Bitcoin is going to crash and Cardano will take over. You still need to consider a different kind of scenarios that can happen and make your investment decisions based on all factors. We can learn many things from the history.

Conclusion – Is Cardano a Good Investment?

Cardano is still at the beginning of its journey but their developers (Hoskinson, Brünjes and the whole team) have a huge knowledge, background, and know-how about the industry. Even though we are talking about the decentralization and other similar stuff, the team behind the cryptocurrency still has the biggest impact on how the coin will develop.

My personal opinion is that Cardano’s future looks bright and it can solve some problems better than its competitors. It seems that every year new potential cryptocurrencies arrive that try to make things better than previous ones. The time will show which ones are going to thrive and which ones will fade away.

That being said, I believe in the potential of Cardano and I have bought it on Binance crypto exchange.

There’s risk involved in any kind of investing and you always need to make your own research before putting lots of money in. This article gave you hopefully a good overview of Cardano and now you understand what it’s all about. If you have any questions, comments, different opinions or anything else, I love to hear them in the comments and I’ll reply to you personally.

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What do you think about Cardano?

Is it worth buying or not?

How Much will the value be in the future?

Let’s discuss in the comments below! 🙂

(Disclaimer: This article is not an official investment advice. I only tell my personal opinions that are based on my research of this and other cryptocurrencies.)

18

Is BitConnect a Ponzi Scheme? Check Out 7 Obvious Red Flags!

The value of BitConnect has been over $2 billion. Thousands of people are promoting it online. Everybody is talking about it.

There’s a huge buzz around BitConnect at the moment. Nobody knows how long will it last and many people are asking, “Is BitConnect a Ponzi Scheme?”

In this article, you will get a brutally honest answer to your question. I am you will find this helpful and valuable. You shouldn’t invest a single BitConnect until you have gone through this texts.

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Is BitConnect Legit? – Video Review

I know that some of you prefer watching a video rather than reading a text. I created a BitConnect video review so you can take a look at it below. I’m sure you’ll find it helpful and valuable.

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BitConnect Review

Name: BitConnect

Launched: 2017

Type: Systems That Look Like Ponzi Schemes

Short Review: My advice is to stay far away from BitConnect and tell all your friends to stay away as well. There are tons of red flags that why the system seems extremely suspicious.

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What Is BitConnect?

BitConnect company tells that it is “an open source all-in-one bitcoin and cryptocurrency community platform that provides multiple investment opportunities and education.” That sounds pretty good at first.

But as you probably know, tons of experts and online entrepreneurs are saying it’s a Ponzi scheme and a scam. Let me show you 7 red flags of BitConnect.

1.Huge Promises – “If It’s Too Good to Be True…”

The old wisdom says, “If it’s too good to be true it probably is.” That’s accurate in most cases. I don’t it’s always true because I have found some opportunities in my life that were much better than what I expected. Still, in 95% of cases that wisdom is accurate.

Especially, if somebody promises you lots of money/high returns without risks or without working hard. In 99,99% of cases, it’s just a lie.

Take a look at what they promise on BitConnect. I’ll explain then what it means.

In BitConnect you are supposed to lend money to the company because their trading program will make more money and pay you big dividends. They say that you’ll get returns up to 40% per month (+ daily bonuses). They have also claimed that the bot can make even 1% profit per day on average.

1% doesn’t sound a lot but it makes 365% profit per year so you’ll start to realize how huge thing they are promising to you. That sounds like an outright lie. I’ll explain later why it’s pretty obvious why that it can’t be true.

2.BitConnect Pyramid Scheme-ish System

BitConnect has also a referral system up to 4 tiers. It means that members of BitConnect earn money by inviting more people to the system. They also earn money from the people that their referrals’ referrals invest.

Let’s say that you invite Jack and he invests money to BitConnect. You earn a little commission. Then Jack invites Jay and he also invests money. You earn a little commission again. Jay invites his friend James and he also puts some money to BitConnect. You still earn some commissions.

This model is probably familiar to you from multi-level marketing programs. There’s nothing illegal about it but as we know, it creates a pyramid and people who are on the top earn the most money.

This also gives a big incentive for current members to invite new people to the system. They make money for that. I could, for example, join BitConnect and start promoting it on this site. I get tens of thousands of eyeballs every moment to my site and all of them are interested in making money online. You can quickly imagine how much money I would make by promoting BitConnect. 😉

But I don’t promoting anything that’s shady even it would make me tons of money. Integrity and honesty are always more important than money.

3.How Does Bitconnect Bot Work?

So, their bot makes up to 40% profit per month, right? Now I would be interested in hearing how it works. Because if you could create such a bot, you would quickly become the richest person on planet Earth.

One famous person actually promised publicly to give $100,000 right away to a person who explains to him how BitConnect bot works. That would be just a small amount of money for that kind of bot. This person clearly knows that it’s impossible to create a bot that would consistently make 1% profit per day in the long run.

It’s interesting that Bitconnect uses so much time on marketing, advertising, explaining the referral system and to all other stuff but they don’t bother explaining how their bot works. Of course, they wouldn’t need to tell details but at least some principles would be necessary.

Okay, let’s imagine that they have such a bot and it would be legitimate. The next chapter explains why that idea is impossible.

4.Is Bitconnect Legit? If It Would Be Then…

They wouldn’t give it to you.

Imagine that you created a bot that makes 1% profit per day. Would you try to make it public, collect money from small investors who can invest $100 per person and so on?

If you really have a bot that makes 1% profit per day, you would go to a bank, to a rich investor and ask for a big loan. They would give you a loan for 100% sure if you really have a bot that makes so good profits. I would invest all my money to such a bot because I would know that I would get big returns fast.

Let’s say that creator would find a couple of rich people and they would invest $1 billion in total to this bot. They would make their money back in a short while so the investment would be great for them and for the creators as well.

But as we see, the creators of a bot (if it even exists) didn’t do like that. Now they go to find people from all over the world. Then need to find 10,000,000 people who invest $100 to get the same $1 billion. That doesn’t make sense if they really would have a bot that makes good profits.

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5.Reliable Cryptocurrency Experts Say It’s a Scam

There are (roughly) three kinds of “experts” and online entrepreneurs on the Internet:

1. People who really provide good value and information.
2. Fraudsters who just promote their own programs to maximize their own profits.
3. People who just know what they are talking about.

When we are talking about BitConnect there are lots of people who promote it on their YouTube channels, Facebook accounts, Snapchat and so on. However, those are the people who are usually known for other pyramid schemes and suspicious systems.

I heard about BitConnect for the first time from a lady who has been (and is still) promoting several suspicious “make money online” systems. I know that some companies that she is promoting are pyramid schemes.

When you listen to opinions from honest online entrepreneurs and cryptocurrency experts ALL of them say it’s a scam or something similar. What kind of message does this give to you?

6.”It Can’t Be a Ponzi Scheme Because It’s Already $1 Billion!”

Do you know who is the person in the picture above? He is Bernie Madoff. The creator of the probably the biggest Ponzi schemes ever. It was worth over $65 billion and collapsed in 2008.

Bitconnect is already worth $1 billion but it doesn’t mean that it would be legit. There are several reasons why people still would invest money on Bitconnect even though it was a Ponzi scheme. Here are the most typical reasons:

1. Some people are so greedy that they want to invest in it even though they know it’s a Ponzi scheme. They know that the value will keep on rising for a while until it collapses. They invest, take the profits and run to the hills without any moral.
2. Some people don’t make enough research and they don’t really understand where they are investing in. Maybe some of their friends introduced the system to them and it sounds nice.

7.How Long Has BitConnect Been Around?

BitConnect was launched in January 2017 just before a huge cryptocurrency boom that took place in the Spring.

As we know, Ponzi schemes will always collapse sooner or later when new individuals stop coming in. When the owners can’t pay high returns for the old members, the system just crashes. Then everybody realizes, at last, it was a Ponzi scheme. However, sometimes it can take time if more and more people keep on coming in.

If BitConnect would be an old company with decades of experience, we could probably say that it’s not a Ponzi scheme. I don’t know any Ponzi that would have lasted for decades. But BitConnect is still a very recent thing. That fact doesn’t build trust in my eyes.

You probably remember Madoff’s fraud. It lasted for quite a long time until it finally went down. The same can happen to BitConnect. It can be there for a while but if it’s a Ponzi scheme, eventually the system will just collapse.

+ Bonus Reason!

Where is the white paper, the information about the board of directors or all other important details? More reliable cryptocurrencies like Ripple, Ethereum and Dash show clearly teams on their websites. They show who is behind the team and developing the currency.

However, when it comes to BitConnect, things are completely different. They are hiding information from you and me.

Conclusion – Is BitConnect a Scam?

Have you heard of a duck test? It helps you to define whether an animal is a duck or not. You can use it like this, “If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.”

Let’s apply this duck test to BitConnect: “If it looks like a Ponzi scheme, works like a Ponzi scheme, and quacks like a Ponzi scheme, then it probably is a Ponzi scheme.”

Personally, I highly recommend staying away from this system. Even if you could make some money from (Ponzi scheme) Bitconnect, you would make something bad to your reputation as a person and to your conscience.

Clean conscience, integrity, and honesty are far more important than money. That’s why I want to underline: Stay away from BitConnect!

There are tons of honest ways to make good money online so it doesn’t make sense to waste time with systems that look like Ponzi schemes. You can take a look at my #1 recommendation for making money online.

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What do you think about the future of BitConnect? Is it a Ponzi scheme and when will it collapse?

Are you interested in making money online, in general?

Let’s discuss in the comments below! 🙂

11

Is NEM (XEM) a Good Investment? What Will Happen in 3 Years?

You have probably heard of cryptocurrencies like Bitcoin, Ethereum and Ripple. But what about NEM? If you came to this article from Google, you probably have some information of it and now you are thinking, “Is NEM a Good Investment?”

Congratulations! You have come to the right place. I am going to share my findings with NEM in this article and I believe you will find it valuable. By the way, we have researched almost 400 different make money online opportunities on YourOnlineRevenue.com so we have “some” experience of this. 😉

Without further ado, let’s get going!

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Investing in XEM Cryptocurrency – Video Analysis

Before you dive into my text, I want to give you an opportunity to take a look at the NEM (XEM) video that I have uploaded on my YouTube channel. I go through some important points of this text but also explain a few other additional details. I hope  you will enjoy 🙂

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NEM Review

Name: NEM (XEM) (Also known as New Economy Movement)

Launched: March 31, 2015

Type: Cryptocurrencies

Short Review: NEM is certainly among the most interesting cryptocurrencies. Even though it has been launched a bit later than coins like Bitcoin, Litecoin or Ripple, it has made it way to the top-10 with a good reason. Some people claim it’s 100 times more effective than Bitcoin and the value is measured today in billions. NEM owners also contribute to the development by giving votes of new features and improvements.

However, NEM still has its own risks like any other cryptocurrency. If you are looking for a 100% proven way to make money online, I advise taking a look at My #1 Recommendation.

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What Is NEM?

NEM is a peer-to-peer cryptocurrency which is 100% based on blockchain (well, that’s how all of them usually work).

It was launched on March 31, 2015 so it has been around already for a good while. Still, it’s not as old as Bitcoin which was launched already back in 2009. This can be also seen as a positive thing because developers had time to see what works and doesn’t work on Bitcoin so they could create a better option.

NEM is a traceable coin unlike Monero. This has its positive and negative sides. One positive side is that businesses would most likely prefer NEM because then transactions are traceable. They can see who bought which helps them to customize marketing, for example

Let’s take a closer look at some main benefits on NEM in the next chapter.

Benefits of NEM

• NEM is efficient. (The most important one)

As I mentioned above, NEM is not mined. Therefore, they don’t need lots of electricity to run and grow. Some cryptocurrency experts estimate that NEM is even 100 times more efficient than Bitcoin.

NEM transaction fees are ridiculously low. One transactions costs only some cents while transaction of a bitcoin may cost even several dollars. At the highest price one transaction of a Bitcoin was almost $20.

Transactions are also extremely fast. When you send money to your friend, it takes probably some tens of seconds while transferring Bitcoins can take even tens of minutes at worst. NEM allows hundreds of transactions per seconds while Bitcoin allows less than 10 per second.

• NEM has an active community.

This is certainly a benefit compared to less-known cryptocurrencies. It’s not just some idea of a few hippies who want to create some Ponzi scheme. NEM has all the time an active discussion going on their official website’s forum, Facebook page, on Reddit and on other platforms as well.

• No chance of inflation.

A great difference to many other cryptocurrencies is that it’s harvested instead of mined. This has a few straight effects in practice but one of them is that all NEM were issued from the day 1. There were 9 billion NEM right from the start and there will never be more.

It means there isn’t any inflation.  With fiat currencies the challenge is that central banks always print more money. So, the value of your dollars or euros on your bank account goes down all every single day.

Making Money with NEM Masternode

You can become a NEM harvester if you have invested enough on NEM. This works somehow in a similar way with Dash. LINKKI

There are certain limitations when you can start doing it but I’m not going into a great detail in this article. You need to have vested 10,000 NEM to become a harvester and 3,000,000 to get NEM masternode.

You’ll get points based on your current investment. Let’s say that you have bought 100,000 NEM. You’ll get 10% of that investment in points during the next 24 hours. So, you’ll get 10,000 points. During the next 24 hours you’ll get another 10,000 points and now you’ll have 20,000 points. If you have 1,000,000 NEM, you get 100,000 per day.

Once you get to “masternode level” (3,000,000 points) you can become a masternode. You earn NEM when people make transactions. You are like a “bank” in the platform and you earn money based on the number of transactions. This can make you additional passive income.

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How to Buy NEM?

As far as I know, you can’t buy NEM directly with fiat currency. Therefore, it’s not sold on famous cryptocurrency exchanges like Coinbase or Kraken. There’s is a simple 3-step process how you can get NEM.

1. Download NEM nanowallet from their website nem.io.
2. Buy some other cryptocurrency, for example on Coinbase. (if you already have, you can skip this step).
3. Transfer other cryptocurrency into NEM, for example using changelly.com.

Then you can transfer money easily with other people who have a NEM wallet.

But before you buy NEM, you should think carefully the message of the two following chapters.

Is NEM Worth Buying?

Some persons gave a following statement:

Bitcoin = Nokia, ETH = Ericson, XRP = Samsung, XEM = APPLE,.

Bitcoin was founded in 2009, Ripple in 2013, Monero and Dash in 2014, Ethereum and NEM in 2015. So, NEM isn’t one of the first coins but it doesn’t mean it couldn’t win the race. Do you remember what happened to Nokia?

It was dominating the world and everyone thought nothing could beat it. But then the price of one Nokia stock went from 65 to 1,3. So, if you would have invested $50,000 in Nokia, the vallue was suddenly only around $1,000. Who says that the same couldn’t happen to Bitcoin when its competitors make something better.

The price of NEM totally jumped to the sky in the Spring of 2017 like many other coins. It went from less than $0,01 per coin to more than $0,25 per coin. You may be wondering why one coin is still so “cheap”. It’s just because their circulating supply is bigger than with most other coins. There are 9 billion NEM on the market while there are only less than 17 million Bitcoins at the moment.

As you can see in the picture above, the value of NEM jumped to the sky in the Spring of 2017 like many other coins. It doesn’t mean that NEM wouldn’t be worth buying. Whether it’s worth buying or not, depends on the overall value that you give for the coin.

Conclusion – Should I Invest in NEM Coin?

NEM certainly has some unique benefits that other coins don’t have. Its effectiveness is on its own level. In addition, it has a strong community of people who strongly believe in the coin and want to make it even better. If I compare NEM to Dogecoin, for example, I think that NEM would a better choice in the long term.

Personally, I don’t do trading almost never. It’s so challenging and risks are high. I remember when I lost $1,400 in 5 minutes when I was 14 years old in an activity that is a little bit similar to trading. A few months ago I tried forex trading again and I lost $200 in less than 2 hours. However, I have made good money with long-term investing when it comes to stock market, cryptocurrency and real estate. The most successful investors in the world are also long-term investors instead of short-term speculators.

I still hesitate when it comes to investing in NEM. It’s not because I wouldn’t believe in its future but I think that other cryptocurrencies may have even more potential. At the moment, I have the biggest weight on Bitcoin and Ripple. By the way, you can get $10 worth of free Bitcoin immediately as a sign up bonus through my link.

On the other hand, I would evaluate the risk of investing in NEM being somewhat similar like investing to Dash or Monero. At this point is a bit challenging to say which one of the coins will win the race. Which one will be the “Nokia” that falls and which one will be the Apple? I still believe that Bitcoin has a strong position in the battle. It has been around for the longest time, they get the most media attention and there’s a huge community around it.

If you don’t enjoy risk so much or you are just interested in making money online in general you probably want to take a look at my #1 recommendation for making money online. You’ll learn step-by-step everything you need to build a successful online business. Don’t worry if you don’t have any former experience because I didn’t have either. Still this training turned me from a complete newbie into a full-time online entrepreneur.

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What do you think about NEM?

Is it worth buying or not?

How Much the value will be in the future?

Let me know in the comments below! 🙂

8

Is Dogecoin Dead Or Is It a Good Investment? Read 7 Facts!

Thousands of people are asking on Google, “Is Dogecoin Dead?” Another thousand is asking, “Is Dogecoin a good investment?”

An answer to the first question is simple. Dogecoin isn’t dead. It still keeps on going strong and the value is measured in millions of dollars. In order to answer your second questions, I first want to explain a little bit background to you about Dogecoin and 7 interesting facts.

So, spend the next 2-3 minutes with me by reading my article of this interesting cryptocurrency called Dogecoin.

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Is Dogecoin a Good Investment? – Video Review

Before you run into my article, I want to give you an opportunity to watch my video review of Dogecoin. I know that many of you prefer watching videos instead of reading so I wanted to give you this opportunity as well. After the video you can dive into details of the text below. 🙂

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Dogecoin Review

Name: Dogecoin

Launched: 2013

Type: Cryptocurrencies

Short Review: Dogecoin is certainly one of the most interesting cryptocurrencies in the world. There are several benefits compared to other coins but I still think it’s a little bit like a bubble. My prediction is that cryptocurrencies will go on rising, in general, and Doge will be one of them. However, I’m pretty skeptical about Dogecoin in the long term.

If you are interested in a more secure way to make money, I recommend checking out my My #1 Recommendation for making money online. That’s proven to work and risks are way smaller than with Dogecoin.

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Dogecoin Is One of the Oldest Cryptocurrencies #1 

You probably already know that there are hundreds of different cryptocurrencies in the world. The oldest, biggest and the most popular one is Bitcoin which was founded back in 2009. Then you have probably heard of other ones like Ripple, Ethereum, Dash and Monero.

Dogecoin is 6th oldest cryptocurrency that was ever created according to Wikipedia. It was launched back in 2013 by Jackson Palmer and Billy Markus. Some people may ask, “If Dogecoin would be a scam, how could it stay around for more than 4 years and the worth is still measured in millions of dollars?”

That’s a good question!

Dogecoin Is Based on the Internet Meme #2

Dogecoin is based on the Internet “doge” meme. This is probably one reason why it has also been called as a “joke” coin.

You can see this dog in their logo which has also been in thousands of memes on the Internet. The dog belongs to Shiba Inu -breed and has a cute look in its eyes.

Despite this, you can transfer Dogecoins on the Internet and it can work as a currency like any other cryptocurrency.

Dogecoin Has the Largest Circulating Supply #3

At the moment there are more than 112 billion Dogecoins in the world. 10,000 new coins are mined every single minute and mining continues indefinitely. It means that there will be over 5 billion new Dogecoins each year.

It also means that the value of one Dogecoin will always be relatively small. People can buy thousands or even millions of them easily. At the moment when I’m writing this article the value of one Dogecoin  is around $0,002.

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Dogecoin Has Sponsored Interesting Projects #4

Dogecoin has sponsored probably several worthy projects over the years. So, they have done something good for the society and this has naturally brought them even more media attention. Let me give three most famous examples.

1. In 2014 Dogecoin sponsored a Jamaican bobsleigh team to attend winter Olympics.
2. Dogecoin has Donated money to water projects for poor countries like Kenya. This helps to provide clean water for people who are in need.
3. They have sponsored a driver in a Nascar race.
   

   Dogecoin has also sponsored a Nascar driver. You can see their logos and colors in the car.

I think these are strong moves from Dogecoin and I’m wondering why other coins haven’t done so many similar projects. They give a positive image for the coin and make good for the world at the same time.

Dogecoin Community Has the Reputation of Being Super-Friendly #5

Dogecoin has for a long time had the biggest cryptocurrency community in the world right after Bitcoin. Members have been in active on Reddit and on many other forums.

You know that countries have some kind of a reputation. Germans are known to be strict, Finnish people are serious, Africans are laid back, Americans are competitive and want to succeed, Asians are polite and so on.

Dogecoin community has a reputation that they are extremely friendly and welcoming for new members. This is, of course, a good thing for Dogecoin because new members will more likely want to join and invest money on Doge. Then the value will continue rising.

Dogecoin Market Cap Has Been Over $435 Million #6

“It’s just a joke coin. It will never have a real value.” Well, that may be true but this joke has had value for more than $435 million. I don’t know how much is your net worth but I guess that $435 is quite a lot of money for you.

When we moved to the end of 2017 the value went down from $420 million but its still measured in hundreds of million dollars. That’s exciting.

Imagine that you would have invested $10,000 on Dogecoin on February 2017. Then you would have held the coin for one month and sold all. Guess how much money you would have then? $220,000!

From $10,000 to $220,000 in one month wouldn’t sound bad at all. If you think that investing $10,000 in cryptocurrencies is a huge sum, I have more than $30,000 in cryptos and I know people personally who have millions of dollars in cryptocurrencies. So, $10,000 isn’t that big sum for many.

Dogecoin Has Been Largely Used for Tipping Online #7

Did you read a great article online and wanted to reward the writer with a little tip? Or did you watch an interesting stream on Twitch and you would like to support the creator?

This is where Dogecoin comes into play.

Dogecoin has been used for tipping other people on the Internet. Coin owners have been able to give some coins for creators with just a few mouse clicks. This has been much easier than making a bank transaction to the creator.

Would you make a bank transfer to somebody who wrote a great blog article? Most people wouldn’t. But giving a few Dogecoins just with some mouse cliks feels more reasonable.

Conclusion – Is Dogecoin Worth Buying?

Some people call the whole cryptocurrency investing a gamble. I certainly don’t agree. Do you call it also a gamble when you invest in the stock market? Is it a gamble when you buy a house? With every kind of investing there are gamblers but also people who evaluate all the facts and make their decisions afterwards.

My prediction is that Dogecoin will go up in value in a short term. There is certainly lots of buzz around this coin and more people most likely want to join the game when they hear about it.

However, I’m not so sure about Dogecoin’s growth in the long run. Yes, there are some practical applications where it can be used but still I’m not very convinced that it could beat other ones. I think the feeling that it has been based on a joke doesn’t give it so much credibility.  There are many coins that have tens of developers working on a background full-time.

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Is Dogecoin Worth Investing? – Are Cryptocurrencies Just a Bubble?

Prices have gone rapidly up and a big part of people say that it’s just a bubble. I don’t agree because when I compare cryptocurrencies to banking systems, there are many benefits. You can read more about them here.

But I do believe that some cryptocurrencies are just a bubble. People buy them with the hope of getting rich quickly without studying the real nature of the coin. Without a real value, any coin can’t continue rising in the long term. It has to have some benefits to people’s everyday life in order to continue strong for years.

Many people compare cryptocurrencies to a dot-com boom what happened around 15 years ago. A huge number of tech-companies grew immensely in value. The stock market reached new records every week and people were excited. Many new millionaires were born daily all around the world.

But in 2003 the bubble burst and many companies went bankrupted. People were in panic and sold their investments. While others had won millions, now there were people who lost millions. When the fog has cleared there many companies had disappeared but some were still making strong. Amazon and Google were just two example. If you would have invested even some money in those two 15 years ago, you could be a millionaire today.

I believe that there will be some momentarily crashes in the cryptocurrency world when people panic. Then is probably the best time to buy and make big profits. I believe that there still will be those “Amazons and Googles” of the cryptocurrency world afterwards that will maintain the value and keep growing even stronger.

Which one are the strongest investments in your opinion? Let’s discuss below!

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What do you think about Dogecoin?

Is it worth buying or not?

How Much the value will be in the future?

Let me know in the comments below! 🙂

33

Is Dash Worth Investing? Will the Value Still Rise?

Many people are saying, “Bitcoin is expensive. The bubble will burst soon.” Then they start looking for better alternatives to invest their money. The stock market and real estate are good old investments but they don’t usually provide such rapid wins like cryptocurrencies.

Dash is one of the biggest and well-known cryptocurrencies in the world. It’s still far from Bitcoin but does it mean that there would be more potential for growth? Is Dash worth investing? And a more important question: Is Dash a Good Investment?

Read my article of Dash carefully before rushing into buying. The better you are educated, the better investment decisions you will make and the bigger profits you will make in the long run.

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Is Dash Worth Buying? – Video

Before we rush into the article I would like to show you the Dash video review that I have recorded. I will explain important details and benefits of Dash and explain whether I will buy Dash or not.

 

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Dash Review

Name: Dash

Launched: January 18, 2014

Type: Cryptocurrency

Short Review: The future of Cryptocurrencies looks great. More and more people are starting to adopt these virtual coins. A bigger question is which coins will prevail and which ones will fade away. Dash has great benefits but still a few things have been controversial. More on this later.

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What Is Dash?

Dash is an open-source peer-to-peer (decentralized) cryptocurrency. It was before known as DarkCoin and XCoin. Dash is built upon Bitcoin core code with additional features such as privacy and quick transactions. Well, at least that’s what is their vision and purpose. More about Bitcoin’s and Dash’ differences later.

If you are not familiar yet with other cryptocurrencies, you can read more about Bitcoin or Ethereum on my website by clicking those links.

Benefits of Dash

• You can pay instantly with Dash across their network.

This is one of the main goals of all cryptocurrencies. Compared to bank’s transfer time which is 2-3 days this is a huge benefit. Yes, there is PayPal that allows fast transactions also but cryptocurrencies are decentralized which brings us to the next point.

• Dash is decentralized. (well, mostly)

It means that one company, government or other institution is not running the show. That’s the main idea of most cryptos (instead of some exceptions like Ripple). However, there has been some controversy around Dash about decentralization.

During the first two days around 2 million Dash were mined but today only 3 thousand Dash are mined daily. It means that founders got lots of coins for themselves. Actually, within the first two days, about 10% of the total supply of Dash that will ever be issued were mined. That’s a huge amount of money now, huh?

Then there is an also a team running Dash coin and you can see their faces on Dash.org website.

• Low transaction fees.

When I transferred money to my friend in the Philippines through PayPal it cost me quite a lot. I don’t remember the exact amount but big fee really surprised me. What if we would have used Dash? The fees would have probably been much lower.

That’s just one example. Who knows how much money individuals and companies could have spent over the years if we would have transferred our money through cryptocurrencies instead of paying bank fees?

• You can pay with Dash in many places

On their website, you can find tons of merchants where you can pay with Dash. I wasn’t expecting that there would be already so many companies that have adopted this coin. Most of those companies are operating in the Internet world so they are in front of the change as we could say.

There are tens of web stores, some web, and graphic design companies, hosting services, email provider and so on. You can check out more on their website if you want.

Dash Wallet App

Dash has created an app that you can also use with your smartphone. It has been downloaded already more than 50,000 times on Google Play store. It has an average rating of 4,2 stars out of 5 which is pretty good in my opinion.

Their goal is to make using Dash so easy that even your grandmother could use it without any problem. That’s a great goal! 😉

Dash Masternode

In this article, I will not go to go into a great detail with Dash masternode in this article. However, I want to let you know that you can earn money with Dash if you are running a Dash masternode.

In order to do that, you need to have at least 1,000 Dash coins and a computer that is running 24 hours a day without more than an hour connection loss. For example, in 2016 if you had a Dash masternode, you got an 11% additional reward for 1,000 coins (of course the value also grew significantly but this was just a nice bonus).

Bitcoin vs Dash

The biggest difference between those two currencies is that Dash is governed by masternode owner/s but Bitcoin is governed by consensus on the blockchain.

After Bitcoin has hugely grown, sometimes their transactions times have been longer. You may have needed for an hour for the transaction to happen. This is not, of course, as much you would need to wait with a normal but still far from an instant transfer. Dash has been an interesting alternative for transfer because it has happened in a few minutes instead of waiting for an hour.

Bitcoin fees have also been high time to time. Paying a $3 fee for a $10 transaction would be nonsense. Dash can provide a great alternative to lower fees. Just like Litecoin tries to do as well. You can see differences in Dash and Bitcoin transaction fees in the picture below. It shows fees for those two coins from the end of May 2017 until the end of November 2017.

You can hardly see the red line in the chart because it’s so close to 0. It means that Dash transaction fee costs almost only for $0. On the other hand, Bitcoin transaction fee has been even more than $10 sometimes. After some improvements to the system, it has also gone down a little bit and I hope it would go closer to 0 in the future.

Anyway, we can still say that trading Dash is much cheaper at the moment than trading Bitcoin.

Dash Reviews – What Are Other People Saying About It?

Opinions about Dash can roughly be divided into three categories. Let me go through them one by one.

 

• “Nothing new compared to Bitcoin.”

These people say that Dash is just a copycat of Bitcoin. They say that in the long run altcoins that are “copying” Bitcoin will fade away when the bubble bursts. It’s partially true that Dash copies Bitcoin but it still has its own benefits like I mentioned above.

• “Dash is a lottery ticket.”

Some people don’t believe in the potential of Dash at all. For me, it’s a bit hard to understand this group.

• “Dash is great and will continue going up in value.”

As I pointed out above, Dash clearly has some significant benefits. Based on those (and also some other) benefits people believe that the value will keep on rising because more people and companies start adapting Dash.

What Is the Value of Dash Coin?

This is the big question and probably one of the main reasons why you are reading this article. You can always check the current value on CoinMarketCap but what is the real value of Dash coin?

First, let’s have a quick glance at Dash graph from its beginning until the end of November in 2017.

Until the end of 2016, the value of one Dash wasn’t more than $10. In the end of November 2018, the value of one Dash coin is already more than $550. In the other words, the price has grown more than 55 times in less than a year.

Imagine that you would have invested $1,000 in 2016. Now you would have $55,000 which could buy you 2 nice apartments here in Bulgaria where I am located at the moment. That’s insane!

The value of cryptocurrencies and Dash is huge. They have several benefits that a normal currency doesn’t have that we can only wonder how they weren’t invented before.

Ultimately, the value of Dash (and other coins) will be determined by the actions that individual people and companies make. If more and more companies start adopting Dash, then the value grows. It certainly has value so growth is still potential. Probably even this article will slightly raise the value of Dash because more people become aware of it and recognize its benefits.

The future is never created by coincidence. It’s created by decisions that people make every day. That brings us to the most important question and a decision of this article.

Conclusion – Is Dash Worth Buying?

Do you know what usually happens to me when I start researching a new cryptocurrency? I usually get so excited about the benefits of that coin that I end up buying it.

In general, I believe in the potential of cryptocurrencies. I don’t see any reason why they wouldn’t grow in value in the future. That’s why I have invested a significant part of my overall equity in cryptocurrencies. The other question is whether Dash will one of those that keep on growing in value in the future.

I always recommend that you gather lots of information before making big investments and decisions. The bigger the decision, the more you need to research it and the more you need to know about it. On the other hand, if the sums are small and the decision isn’t so big, you don’t need to spend so much time on the research. Maybe you will lose something but pondering too much with small decisions isn’t worth the time.

Many people like the idea of putting a small amount ($10, $100, $1,000, $5,000 or whatever is a small amount for you) to several coins because most likely some of them will hugely grow in the future. In my opinion, you still should at least have the basic information before you put money on something.

Probably I will invest a small amount to Dash. It has many significant benefits like low trading fees for example. However, Bitcoin is the first and the largest one and most likely will keep on going strong for years to come.

In the end, I don’t want to give you a straight answer whether you should buy or not because I want that you take the responsibility yourself as an investor. Following other people usually leads to bad results but becoming an intelligent investor helps you to make big profits in the long run.

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What do you think about Dash? Is it worth buying or not?

How much will the value be in the future?

Let’s discuss in the comments below! 🙂

14

Is Monero a Good Investment? What Is the Value of Monero?

Let’s say that you invested in Monero for $1,000 on 20th November in 2015. Then you held your coins for two years. Guess how much your $1,000 would be now? More than $4,200,000!

By investing a bit over $2,000 in Monero two years ago you would be a millionaire today.

But is Monero still a good investment? Is Monero worth buying or are the good days already gone? In this article, I will tell what Monero is all about, what are its benefits and whether it would be a good investment or not.

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Monero Hard Fork – Monero VS MoneroV

This is an update from 2.3.2018. Monero hard fork is coming soon which means that there will also be another token called MoneroV. All Monero holders who hold their tokens in a private wallet will get 10 MoneroV tokens for free for each XMR that they are holding.

If you are, for example, holding 1,000 Monero (XMR) tokens, you will get 10,000 MoneroV tokens for free.

In the video below, I explain the key differences between MoneroV and Monero and what you should now about MoneroV:

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Monero as an Investment – Video Review

I know that many of you prefer watching videos instead of reading texts. That’s why I recorded you a video where I highlight a few important points of this text and explain my opinion about investing in Monero. I hope you will enjoy and find it valuable!

=> I have invested some money on Monero. You can also buy it on Binance if you want!

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Monero Review

Name: Monero

Launched: 2014

Type: Cryptocurrencies

Short Review: Monero seems to be a solid cryptocurrency with a large team working on a background to develop it. The main benefits of this coin are its privacy and security features. You don’t need to rely on third parties with transactions and you can be sure that the transfers are private. More on this later…

Monero has a great potential to grow and become more popular currency. However, any kind of investing contains risks and you always need to make your own research before buying. If you are looking for a solid way to make money online, I recommend taking a look at My #1 Recommendation.

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What Is Monero?

Monero is an open-source, privacy-focused cryptocurrency. It was launched in April 2014. Monero tries to improve compared to Bitcoin with private functions.

With Bitcoin,  all transactions can be seen in the blockchain. In some cases, other people could see transactions that you have done. Of course, people don’t usually bother checking out other wallets but this is still a thing that may cause some issues. With Monero all transactions are designed to be private.

Also, another coin called Dash is also trying to provide a higher privacy than Bitcoin. So, Dash and Monero have the same goal in that sense. However, Dash and Monero have a little bit different way to achieve the goal. Monero is private by default while Dash harnesses the feature based on CoinJoin. I’m not going in the details in this article but you’ll find more information from the unlimited world of the Internet.

Benefits of Monero

This is what Monero team states on their official website. Monero is:

• Secure
• Private
• Untraceable
• Fungible

Clearly one of the biggest benefits of Monero is privacy. If you are transferring money by using banks, everything is recorded. Bank knows all the money that you are transferring. Also, with Bitcoins, there are some challenges with the privacy because the information is recorded on the blockchain which is visible.

On the other hand, the fact that Monero is private means that it has been used for illegal actions. Police, officials or banks can’t trace transactions which have opened doors for illegal actions like drug dealing. This is certainly a downside of the privacy.

Even though Monero is private you can still show the account transactions for somebody if you want. If you have a Monero account, you will get a view key that allows you to see all your transaction. Then you can share this view key selectively to other people if you want.

• Monero has a large team working on a background.

There are at least 30 developers working on Monero which is a good thing. Compare it to currencies that have one or two founders. They would just pump and dump the price and run away. When tens of developers are putting their time and effort into it, pump & dump isn’t so probable.

• There wasn’t an “instamine” or similar controversial cases.

Do you remember what happened with Dash? They mined 10% of all coins that will ever be during the first two days. It means that the founders received lots of money which naturally has raised lots of controversies. There are also similar cases with other coins. However, people say that Monero is very solid and there aren’t such situations.

Bitcoin vs Monero

Monero has naturally many similarities to Bitcoin and many other cryptocurrencies. However, it tries to win with its privacy functions.

Somebody has compared cryptocurrencies to other new technologies like mobile phones. First, there were only a few producers but over the time course, more and more companies entered the business. Nokia dominated the market for a long time with best features and people thought that nobody could replace Nokia from the leader’s space. But then Apple, Samsung, and other providers passed through when Nokia was too comfortable.

Of course, cryptocurrencies and cell phones are two completely different things but it still gives us a good perspective. In the end, there can be many cryptocurrencies that succeed and stay. Bitcoin may remain as the biggest coin but that doesn’t mean you couldn’t make money with other ones as well.

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Is Monero Worth Buying?

Monero has been on the list of the biggest cryptocurrencies for a while. They were long on the list of places 10-15 but in 2017 it rose higher and in November 2017 Monero is 7th biggest cryptocurrency in the world with $2,5 billion market cap. So, nowadays it isn’t any more a new coin that could go up 100 times in a few months (at least I think so!).

When you are going to invest in something you should always consider at least three things:

1. What are possible risks?
2. What happens if this succeeds? So, what are the rewards?
3. What are the probabilities for those two different scenarios?

Of course, there are always some things that you can’t predict but when you increase your knowledge you should be able to make better investments and bigger profits in the long run. For example, my friend researched Bitcoin for 9 months before putting lots of money into it. After his research, he invested lots of money on Bitcoin and we all can see what happened. 😉

Sure, he could have gone wrong but as he had already so much knowledge about it helped him to make a wiser decision. Think about the answers to those three questions and it would help you to decide whether Monero is worth buying or not.

Where to Buy Monero? 

Monero has already been around for several years so it has been added to all major crypto exchanges. One of the most popular places for buying Monero is Binance. I have used that exchange for buying numerous different cryptocurrencies including IOTA, Cardano and Tron.

Recently I have especially enjoyed using Binance because they provide lower transactions fees than most other crypto exchanges

=> Read My Full Binance Review to Buy Monero!

Conclusion – Is Monero a Good Investment?

Based on my research Monero could be a potential investment. However, I don’t want to say you, “Buy!” because I don’t want to take the responsibility for your investing decisions. But I need to admit that I see value on Monero. There are several reasons why it could go up in value in the future.

Its focus on privacy and security offer great reasons why people would prefer it in the future more than Bitcoin, for example. They also have a solid team in the background compared to some smaller currencies that are just one-man-shows.

My personal prediction is that there will be several popular cryptocurrencies in the future that people use in their everyday life. Now the story of cryptos has just started a few years ago but I think it’s just a beginning. More and more people become interested and start buying coins for themselves. In addition, there are still lots of people who haven’t even heard of cryptocurrencies at all. What happens to the value when all those people start changing their euros and dollars to cryptos?

Of course, there is still a risk that people would start abandoning these virtual currencies and concentrating on something else.

If you are looking for secure ways to make money online, I can give you two great options in the end. First, I give you free $10 worth of Bitcoin through my link. It’s a sign-up bonus to Coinbase that you’ll get immediately when you sign up and make the first deposit. Then you can just take your free $10 and walk away if you want. 😉

Another great way is to start building your own online business for free. You don’t need any former experience or education because this step-by-step training will walk you through everything you need to know. Their training and community turned me from a complete newbie into a full-time online entrepreneur. It has made the same for thousands of other people worldwide already for +12 years.

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What do you think about Monero?

Is it worth buying or not?

How much will the value be in the future?

Let me know in the comments below! 🙂

6

Is Poloniex a Scam? You Must Read This Before Joining!

If you have been looking for a cryptocurrency exchange platform you have most likely seen Poloniex. Some people like Suppoman (famous cryptocurrency guy) are recommending it but the Internet is also full of complaints about the site.

In this article, I am going to answer big questions, “Is Poloniex a Scam? Is Poloniex worth it? Are there better alternatives?”

I believe you will find this very helpful but if you have any questions, feel free to leave them below and I’ll be happy to reply you personally.

Poloniex Review

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Name: Poloniex

Type: Cryptocurrency Exchange Platform

Short Review: I tried to set up an account on Poloniex for 4 weeks. No success. No responses from their support. Tons of customer complaints. Many withdrawal problems. Therefore, I can’t really recommend Poloniex.

I use Coinbase and Kraken for buying and selling cryptocurrencies. At the moment you can get a $10 bonus on Coinbase through my link.

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What Is Poloniex?

Poloniex is one of the most popular cryptocurrency exchange platforms on the Internet. They have been around for a few years and already millions of members are using it. You can exchange a huge list of cryptocurrencies on their website.

In total, you can exchange 169 pairs. Here are some of the currencies they offer for exchange:

• Bitcoin
• Ethereum
• Ripple
• Vertcoin
• Stellar
• Zcash
• Dash
• Monero
• And tens of other coins

Before we move further, I want to show you the video where I tell my opinion about Poloniex clearly. I also answer the same questions like in this article. I know many of you prefer watching video rather than reading a text so take a look below:

Poloniex differs from other cryptocurrency exchanges in a way that you can’t use fiat currencies (euro, dollar and other “normal currencies”) on their platform. It means that you need to transfer money to Poloniex from your other wallet. It’s not a problem and works in a moment IF you have a verified account.

But please read further to find out what happened to me when I tried to get verified on Poloniex. It wasn’t as easy as I thought. Let me tell you my story with their services. (which ended faster than I was initially planning).

Getting Started on Poloniex

I wanted to start using Poloniex because two of my friends and a famous cryptocurrency guy ”Suppoman” (he has several cryptocurrency courses on Udemy and a YouTube channel) were using it as well. They told mainly positive experiences of Poloniex so I wanted to try as well.

Poloniex is also one of the biggest websites for trading more rare cryptocurrencies. I thought it would be interesting to try altcoin trading because there would be a potential of making big money in a short period of time. On the other hand, there is also a potential of losing lots of money quickly.

Poloniex Verification Process Wasn’t As Easy As I Expected

I signed up to Poloniex and started their verification process. In order to get started, you need to fill in all your personal information which is normal. They want to secure that your information is right so nobody else tries to steal your account and identity.

I added all the information and started also the verification process. You need to send the picture of your passport and also a picture of you holding your passport and a piece of paper where you have written a current date (see the example below).

I sent pictures and also the support ticket how long will it usually take to get verified. I had seen experiences from other people that it has taken even 3-4 weeks to get a verification.

After around a week had passed I saw that my account status was still ”Not verified”. The system asked me to send the picture of my passport holding a piece of paper with the current date again. I sent it and hoped for better results this time.

Then a few weeks passed without any progress. I checked my account again and now they were asking me to send my passport again! I had sent it already twice. Well, I tried to send it for the third time but the system didn’t work but it only gave an error. Not very nice.

After trying to make Poloniex work over than a month I tried to let it be. It wasn’t worth it because I was just losing my time without getting any rewards. In addition, their support wasn’t answering messages.

I realized that I wasn’t the only one with negative experiences with Poloniex.

Poloniex Reviews & Complaints

There are literally hundreds of Poloniex reviews on the Internet. First, I wasn’t so concerned about them because I had also seen complaints of some other cryptocurrency exchanges that are completely reliable. But after trying the website for a while I realized there’s a good reason behind those complaints.

Here are some averages what Poloniex has received on big customer review websites:

• 1,9 stars out of 5 based on 396 reviews on CryptoCompare
• 2,2 stars out of 10 based on 39 reviews on Trustpilot
• 2,6 stars out of 5 based on 20 reviews on BestBitcoinExchange.net

Let’s have a look at a few examples of Poloniex complaints:

Poloniex Withdrawal Problems

Numerous accounts have been frozen on Poloniex and the members haven’t been able to remove their money. In the other words, Poloniex has stolen even thousands of dollars from their members. Have a look at the warning video below:

One explanation for all these problems could be that Poloniex has grown so rapidly during the past months and years that they just can’t answer all their support requests. However, that’s not a valid explanation. Also, other cryptocurrency exchanges have been growing rapidly and they still provide help for their members.

Poloniex could always hire more employees to answer people’s requests. Now they have made much more money because they have more members. But I think their popularity will go dramatically down unless they start changing their level of service.

Conclusion – Is Poloniex Worth It?

Some people don’t call Poloniex a complete scam because many people have positive experiences of using their services. However, the fact that tons of complaints are flowing in all the time make their website looking very suspicious.

Their support team isn’t answering messages either. How can you do anything with this kind of company? May they just close your account and take the money? There are also many people telling experiences like that. Therefore, I’m actually quite happy that I wasn’t verified on Poloniex.

Who knows what would have happened if they would have verified my account but closed it at some point? It’s better not to take that risk while there are more reliable cryptocurrency exchange platforms available that reply all support messages.

My #1 recommended way to get started with cryptocurrencies is to create an account to Coinbase and get $10 worth of free bitcoin. I used that bonus when I started and my friends have also taken it. It’s probably the easiest $10 that you will ever earn. 😉

If you are interested in making money online, in general, I recommend starting on Wealthy Affiliate. Their training and community have changed my life. It has enabled me to quit my 9-5 job because with their support I learned how to make money online.

If you have experience of Poloniex or other coin exchanges, I would love to hear your experiences in the comment section below.

Which platform have you used? Have you also tried Poloniex?

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Will Bitcoin (and Other Coins) Continue to Rise?

At the moment when I am writing this on 28.10.2017 the value of Bitcoin is +$5,750 and the value of all coins is around $170 billion. Many people are saying that Bitcoin and these coins are just a bubble and they’ll soon dramatically drop down.

It’s true that they may go down a little bit. However, I still believe in the long-term value of cryptocurrencies. They make so many things much easier. One of the biggest benefits is immediate transactions. If you transfer money with a bank it usually takes 1-3 business days to go through and if you transfer it far away, the bank may take huge fees.

Recently I wanted to transfer 20€ to my friend but guess what. The bank said they will take a 20€ fee if I transfer money to that country. Nice… I decided not to transfer it.

Another great benefit is that they don’t have an inflation risk like fiat currencies have. If the European central bank prints more money, the value of the money in your wallet goes down. The total amount of Bitcoin is pre-defined so there isn’t the same risk.

Based on these and some other benefits I don’t see any reason why Bitcoin wouldn’t keep on going up in value.

What is your opinion about the future of cryptocurrencies?

6

Is Ethereum a Scam Or Will It Revolutionize the Whole World!?

We have already taken a look at Bitcoin and OneCoin. But what about Ethereum? Its value has risen from $1 to +$260 per Ethereum in a few years. Is Ethereum a Scam? Are they just using the famous “pump and dump” method to take people’s money? I don’t think so.

Ethereum is a highly interesting innovation. However, I still have my doubts. Let’s dig deeper!

Ethereum Review

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Name: Ethereum
Website: www.ethereum.org
Founded: By Vitalik Buterin in 2013. Launched in 2015.
Field: Cryptocurrencies

Overall Rank:

Hard to give a ranking. Ethereum technology is highly interesting and modern. It will be interesting to see how it develops and how many people start using it. (Check Out My #1 Recommendation to earn money online, 98 Out of 100)

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What Is Ethereum?

Ethereum is a platform created by Vitalik Buterin that makes it possible for any developer to write and distribute next-generation decentralized applications. That’s how they describe themselves.

The founder of Ethereum, Vitalik Buterin, likes to compare it to the Internet. 20-30 years ago people didn’t really know what it is and how it works. But nowadays it has become a normal thing for our everyday lives. We can honestly say that Ethereum is something new and modern.

In this video, Vitalik explains Ethereum

Ethereum has a blockchain but it’s different than in Bitcoins. It consists of smart contracts which are simply programmed like “if this happens, then becomes this consequence.”

What Are the Benefits of Ethereum?

Ethereum allows a peer to peer technology and sharing. For example, Bitcoin uses peer to peer technology. Basically, there is not a middleman between two persons who transfer money. In a “normal situation, ” if you want to transfer money from U.S. to Asia, for example, you need a bank to be a middleman. But with Bitcoin, you transfer your money straight to your friend without that middleman.

Then there is a possibility to peer to peer sharing. Let’s say that there would be one library where all the people could get the information. Find books, video teachings and so on. Well, we have the Internet, isn’t that enough? Yes, it can be. But the idea of Ethereum is that not a single individual or company runs the show.

If you want to find information, you go to Google. But what if Google abuses their power and information? Why do we need a middleman like Google? These are the questions that Ethereum asks.

In my opinion, this idea of decentralizing the power is for sure interesting. But on the other hand, I don’t always see the problem if one company is running the show. If their service is bad, people go and choose another service. Maybe I need to see more applications of Ethereum before I am fully convinced.

Bitcoin vs Ethereum

I bet you are thinking about the difference between Bitcoin and Ethereum. You are not the only one. People all around the world are asking the same question. Why would we need Ethereum cryptocurrency if we already have a Bitcoin?

Are they competing with each other? Which one is better?

The answer is that even though they are both modern technologies and something very new, they are still different. Bitcoin was created around 8 years ago as a decentralized currency by Satoshi Nakamoto.

Ethereum has created a couple of years ago and they are also using decentralized technology. There is not a bank or any authority who is running the show. But Ethereum is not only a currency. It’s a technology where you can create new decentralized projects and Kickstarter.

Here are some examples. With Ethereum you can build:

• A token: e.g. A tradeable token with a fixed supply (like Bitcoin)
• A kickstart project: e.g.  A crowdfund to pre-sell a product
• An organization: e.g. A virtual organization where members vote on issues

So, Ethereum has many applications. Here is a video where cryptocurrency expert Andreas Antonopoulos answer the question, “Does Ethereum compete against Bitcoin?” He said that the question arises in every meeting wherever he goes.

Do I Recommend to Buy Ethereum?

Here I would like to leave the responsibility to decide for yourself. Make your own research with Ethereum, write notes and get to understand it more.

I can say that I bought myself some Ethereal because I am quite an open-minded and I see a potential of big growth in Ethereum. On the other hand, there is also a possibility to crash and go close to 0 but I think that situation is not probable.

It’s possible to buy Ethereum from many different cryptocurrency exchanges. I bought from Kraken.com but I have also used Coinbase for buying cryptocurrency and making the profit. In Coinbase there is a $10 bonus if you sign up through my links and you can withdraw it immediately after your first deposit. Learn more here.

If you are going to buy a huge amount of Ethereum, I recommend you to allocate the risk by buying through several providers.

Pros & Cons

Pros:

• Highly modern technology
• The idea can be revolutionary
• Their platform allows creating decentralized applications
• There is a potential for investors (and speculators)

Cons:

• The system is only 2-4 years old => It’s hard to say how it will develop
• Is decentralization always even good?
• Is the system vulnerable to attacks and hackers?

Conclusion – Is Ethereum a Scam?

In my opinion, Ethereum is not a scam like a cryptocurrency called OneCoin.  They are two totally different things. OneCoin is run by a company while Ethereum is decentralized. The power of changes is not in hands of a few leaders who could do whatever they want.

What happened with OneCoin and some other cryptocurrencies is that many founders used so-called “pump and dump” technique. It means that they persuaded lots of people to join their system and when the value goes up, they sell their holdings and walk away as millionaires.

The founder of Ethereum, Vitalik Buterin, is for sure a multimillionaire after creating his technology but he doesn’t have the ownership of Ethereum. That’s the whole idea of these decentralized platforms. Not a single person runs the show.

What will happen for Ethereum in the future? Will it become a hit like the Internet? Will people create decentralized applications? Time will show.

Ethereum at a Glance…

Name: Ethereum
Website: www.ethereum.org
Founded: By Vitalik Buterin in 2013. Launched in 2015.
Field: Cryptocurrencies

 

What do you think about Ethereum?

What do you think about other cryptocurrencies? Have you ever bought them yourself?

Let me know in the comments below! 🙂

I would love to hear your thoughts and opinions. I promise to reply personally to every single comment that comes here. Also, if you have any questions, don’t hesitate to leave them below and I will be more than happy to answer.