Category Archives: BitCoin

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.

 

 

Spring Bugs Beware

With Bitcoin, there is daily news from various sources I scan over for international events that affect the overall progress of the digital currency, current value and generally, anything that concerns my ‘wallet’.

It just so happens, there is a so called ‘Cloudflare Bug’, that promted me to change my password in my Bitcoin wallet and there is a post on Coindesk explaining why …

Cloudfare Bug Triggers Password Warnings From Bitcoin Exchanges

‘News of the bug has triggered warnings from exchanges, which suggested that users change their passwords, two-factor authentication and API keys. More broadly, cybersecurity advocates have strongly encouraged users of any site that utilizes Cloudflare to change their passwords as a precaution.’

I have to figure that the hackers out there in droves are trying, or have already have taken advantage of these leaks, Exchanges affected are Blockchain, Coinbase, BitPay. LocalBitcoins, Kraken and Poloniex plus other websites.

Meanwhile, I have over doubled my Bitcoin since 2017 rang in with some decent programs of late.

I continue to gain interest in WealthRising. net and after having a ‘back and forth’ with support, I’m impressed by their service. I got paid quick from my first Bitcoin deposit and funded again.

Again, this is more for the serious builder. Members can deposit one time and leave but I tend to stick with ventures that I feel have potential. Earnings accumulate daily, recording the ‘interest’ only and when matured, members can request the principal plus interest when expired, which counts down with a timer for each invest.

The first two plans I call ‘builder’ plans and members can only do the maximum amount in each … once. Then, it’s move on to the lengther plans that pay higher interest with details attached and ‘on site’ videos explaining the ‘step by step’ process to fund and withdraw.

 

Accountability, or Not

When talking accountability, an investor can scour over finincial reports with steady stocks like our major banks and gain two ways with patience. They pay investors a dividend on the number of stocks held and their value. For example. Toronto Dominion, or the TD Bank with branches in the US as well, pays out a percentage 4 times a year.

When the actual TD stock value rises, another way to gain. Folks owning that stock also have the option of ‘reinvesting’ those dividends, buying more stock on autopilot or … compounding.

I can study all the bank reports and invest totally online if I wish or I can stroll into the nearest branch and meet with a finincial advisor. He, or she can advise but the ultimate desicion to sell, buy more, or diversify into other stocks is mine and when there’s news of a possible ‘crash’ in the markets … I’m also left to decide to sell or ride it out with no email or call from that financial advisor unless I contact first.

Yep … still risky after absorbing all that information plus due diligence and the advisor talks about that right from the start. Are you prepared for the risk?

But, it ‘appears’ as the safest method where folks who stick with it begin to see a gain of $50 to $100 a month in dividends and building up from there over the years.

Since I’m into risk, I also walked into the wild side of HYIP’s in 2017, where there’s really no accountability, while gaining steady earnings.

Admin(s) are incognito, use aliases, or just plain don’t provide any identity. There are no refunds, although I have been involved in a few from the past that refunded all or partial prinicipal amounts. I salute them.

PassiveLoan, which I liked from the start when I looked over the site, has provided me with a profit with my Bitcoin and Payza deposits. The ‘Telegram’ based, Elizion (Bot) keeps pumping daily BTC earnings directly into my Blockchain wallet.

As of today, with 42.5% of my initial prinicipal recovered with Bitluna, that program has yet to prove itself, eventually reaching that day when the first profit since launch will be realized. Notice that I’m a positive type guy.

BitLuna is coming along nicely with it’s ‘instant’ payments. This site is not listed as a HYIP but has the feel of one.

Then there’s my newest … WealthRising.net, which I wrote about in my last article. Membership continues to grow there.

My goal in all this, as it has been from the start years back, is continue to build reserves in my online processors and cash out a percentage to my bank account. Some years and months have been very profitable and then there are spurts where it’s been slow while I wait it out, looking for the latest ventures that perk my interest.