Monthly Archives: March 2017

Hard Forks and Reality

We are still into a ‘delayed’ spring weather thing here in Nova Scotia where a persistent cold wind keeps blowing although the amounts of snow we are getting is smaller… just enough to blanket the ground lately.

In the Markets, specially for those in mutual funds … looks like some of the dudes who have been around for decades are predicting a kind of pull back in December … how severe a crash? No one knows. Last one was about the free fall in the price of Oil last year but back to normal for awhile now where companies and investors/share holders adjusted to the low oil price over a few months in 2016.

So, probably something to think about before that time and ‘if’ it happens. Folks try to anticipate by selling or ‘hold’ during these events, ‘if’ they occur. Then resume afterwords … buy low, sell high. Reality can come quicker than realized when for example, a drop does come and a portfolio is down a few thousand. It always bounces back over time but some investors still panic.

Here, with the online ventures, I’ve totally backed off now on HYIP’s after 2 solid months of decent earnings. Too many sites are collapsing now and I’ll wait until things stabilize in that niche.

Now that a lot of Admins and program managers got into the Bitcoin or ‘Bitcoin only’ opportunities, there’s been something brewing and relates to an earlier post I wrote about high fees and delayed transactions.

Those who knew about this awhile back with large amounts of BTC, have sold off a lot of their bitcoin or holding for now … storing it in hard drives.  I guess this is why major banks haven’t looked at Bitcoin yet because individual Bitcoin Miners are the people behind making all these transactions happen in Coinbase and Blockchain and get paid Bitcoin in return for their service.

The system is getting bogged down they say with an increasingly amount of transactions and that results in taking longer to get paid for these Bitcoin Miners. In today’s world, folks want things done yesterday when it comes to money and products so the need for Bitcoin to fit in with that is the topic of discussion with the key players in the Bitcoin market.

The chatter today, is that there will be a split in Bitcoin, resulting in two Bitcoin digital currencies going against each other like Pepsi and Coke. In this case, it will be Bitcoin Core and Bitcoin Classic while voting is currently taking place on all that.

Two Bitcoins will cause competiton and folks will try for the lowest fee. I certainly will … in what they call a ‘Hard Fork’ or a fork with two prongs. All this will cause some instability until resolved but the talk is that Bitcoin users will be better off in the end keeping the exchange rate up there. Time will tell as always.

 

 

Canuck Top Guns

In the NHL, there are some interesting competitions going as the season begins to wind down to the Playoffs. Both the Montreal Canadiens and Ottawa Senators have made some changes for the better. This past weekend they met twice to decide which team will take over the lead in their division. The Habs won both games and face each other again next Saturday.

Being a Hab fan, the wins felt good but that could all change by next Sunday in the world of hockey.

One of the bigger stories lately is the battle for the top goal scorer in the League, changing hands as Halifax born Sid, not a kid anymore, Crosby and Boston’s bad boy (also born in Halifax) Brad Marchand keep on a steady scoring pace lately. Sidney Crosby scored 3 last night for his Pittsburgh Penguins, which puts him ahead of Marchand with that hat trick.

In total points, Connor McDavid, the hotshot kid from Edmonton is currently tied for overall points with Crosby.

Leaf Fans are extra excited as they watch their Toronto team get in and out of a playoff spot lately with their rebuild. It would be a real boost for that franchise if they secure a spot this season. Leaf Nation is currently ‘in’.

There’s not a lot of news with the online Biz. January and February was a good month for HYIP’s but in March, more are collapsing as some of the top sites shut down, no doubt causing some ‘pulling in of the horns’ compared to the wicked amount of investing going on before. That Bull run is slowing down to a wait and see lately.

Meanwhile, Wealth Rising is a bright spot amonst all this and not classified as a HYIP. When tranferring hundreds and thousands of dollars worth of Bitcoin, hackers and theives tune in to see how they can weasel their way in to get in on some of that action.

WR underwent a security upgrade last week and now when I log in, I’m prompted to input a ‘2 factor authentication’. I downloaded the APP and that provides the security code changing every 20 seconds, so I can access my WR backoffice.

Some may find their compensation a tad confusing but it is rather simple after I read the information and watched the ‘step by step’ videos. After the first plan, where I withdrew 100% of my principal and profit, the next plans are about … the system will calculate a percentage and amount to deposit before allowing a withdraw request to go into processing.

For example, in the Optimizer Plan, 166% including principal and profit is ready to withdraw.

That member will get a message in the backoffice or dashboard, 20% is required as a contribution back into the program before the 166% gross payment is issued. 146% is the ‘net’ amount earned from that plan in the end, keeping in mind the original 166% payment gets delivered to that members preferred Bitcoin wallet.

It’s based on a community system not built for ‘hit and runners’. Personally, I like the system and was involved in a similar compensation plan years back.

Wrapping up for today. Whoop! It’s the first day of Spring and … we got a snow storm last night shutting down a lot of the city in the early going. Time to wipe off the foot of snow on top of my BBQ. That looks like a Robin over there on top of the snowback looking at the GPS on his cell and shaking his beak. I feel ya buddy.

 

 

Storms, Pirates and Fees

The spring weather is coming to the Atlantic Provinces of Canada where I live and although the clock rolled ahead one last night with Daylight Savings Time ,the weather outside is bitter cold for the second weekend in a row.

Newfoundland’s east coast on the Avalon Peninsula got hit with winds in excess of 180 km, causing wide spread damage and power outages. Strongest wind storm in 10 years for that area. Crazy weather patterns for sure.

Here in Nova Scotia, it’s just a steady cold northerly wind keeping things icy for now.

Pirates and fees. My last post I published and then within 24 hours, I deleted it where I wrote about a potentially profitable new venture but what I call a script dude (programmer or developer) added code to export members Bitcoin deposits to his personal BTC wallet. Unaware of this pirating until it was too late, the program manager had no choice but to shut it down.

With the US exchange of over a $1100 for one Bitcoin at this time, greed and pirates are in the mix of it all.

It took me some convincing a few months back to get into the Bitcoin for a payment option with the opportunities I pursue online.

Things were going very well with my steady buildup of the digital currency and multiple transaction happening daily in my Blockchain account. However, over the last month, I noticed I’m being hit with increasing higher fees with each ‘send’ I make.

That slowed me down where I calculate the fees in relation to the return I’m getting from a compensation plan.

This past week, I’ve been stalled where I’m now being charged with a minimum 10% fee to send BTC and that will take from an hour to perhaps 24 hours to be processed, or even longer. What the heck!

I expect this fee to probably increase. Some say it’s ‘demand’ and after questioning Blockchain … it’s out of hour hands where Bitcoin ‘miners’ charge these fees to move my money.

Ok …  demand fluctuates over 24 hours and over a week at times … up and down. After several ‘test’ spends over the past week my fee remains at 10% or more to allow a ‘send’. To me, I feel I’m getting fleeced so now I have to revaluate my Bitcoin strategy.

With my tradional processors, i knew where I stood with their fees but Bitcoin … I’m not into folks gouging me and paying other people high fees …. a reasonable fee, yes.

I figure this will all come to a head in the near future and investors plus program managers will be rethinking their bottom lines dealing with the steady loss of cash due to high fees paid to ‘middle people’ not involved in their compensation plans.

Meanwhile, my Bitcoin financed ventures continue to honor my withdrawal requests where according to the knowledge base of Bitcoin exchangers like Blockchain, merchants can get a ‘fixed’ fee for their businesses.

 

 

All These Thoughts on Fire

I’m not sure how long but currently, a Bitcoin is worth more than an ounce of gold. No doubt the reason for the takeover of Bitcoin ventures surfacing online these days. Rare now do I see Payza and/or STP as a payment option except for in the revenue share niche.

And like the folks and companies that are in a constant pursuit of Gold, that is happening with Bitcoin as well where the US exchange rate is alluring.

The only difference of course is that Gold is physical, a precious metal while Bitcoin and other digital currencies rivals are floating around out there in hyperspace or stored in a hard drive; made up of ‘code’.

I can’t put BTC it in my wallet until converted to cash and I can’t walk into a bank here in Canada and ask for an exchange although the Bitcoin community wants to see that happen some day.

Great motivational tunes in this video. ‘If they tell you, you can’t … they’re are a liar, liar’

Investing and seeking a profit with Bitcoin has ramped up big time within the HYIP category these past few months. Surprisingly there are quite a few that have been running for that time with no signs of slowing down. HYIP investors don’t want to see that bubble burst, as thousands are pumped into these sites with daily overall withdrawals being made at a wicked pace.

Like the off and on ‘Bull’ runs on Wall Street where fund managers rake in fortunes in fees, the difference with HYIP’s is that most keen managers, or Admins keep an eye on their profit and usually close up shop when the withdrawals add up to more than funds coming in on a daily basis. That’s where timing and risk come into play.