I will begin sponsoring members of read.cash today based on the content they provide.
I can only afford the minimum right now but according to the daily profits and if these rise I will sponsor with more.
I'm willing to see the content of anyone that wants to.
You don't need to subscribe to me or like my content. I am doing this because I feel there are people as me that are bringing value and not low effort or spamming.
Sadly I have only made a dollar so far but I will try reading the content of as many members as possible. Just be honest and write about cryptocurrencies.
Roger Ver Educating Shop Owner on Cryptocurrency Payments
Roger Ver is never stopping educating the world and promoting Bitcoin Cash and the use of cryptocurrencies.
Merchant adoption is the core of cryptocurrencies' use-case. No merchant wants the bank to grab
Roger Ver explains to a shop-owner in the island of Antigua how to:
Download, Install, and Setup the Bitcoin.com Wallet
Sweep a Paper Wallet
Explains how to make mobile payments using Bitcoin Cash
Explains Cash Register feature of the App
In case you have merchant friends show them this video:
https://www.youtube.com/watch?v=AGWaeFtSamU
With Bitcoin Cash transactions are instant and fees are insignificant. It is the best solution currently for digital payments using e-commerce or in-store purchases. With Bitcoin Cash, you can send money around the world in no time and no one can block the transactions, freeze accounts, or seize funds.
Bitcoin Cash is financial freedom.
Bitcoin Cash vs Bitcoin Challenge
Roger Ver has released a very interesting video that proves to anyone that doesn't want to listen, how much more practical Bitcoin Cash is from Bitcoin.
With less than 1 cent of the dollar for transaction fees, Roger and Brian send transactions worth $10 and $20 back and forth and test the real utility of the networks. The results were more than impressive for Bitcoin Cash and I couldn't say the same for Bitcoin.
You need to see this for yourselves:
https://www.youtube.com/watch?v=nuCxTfKbf80
Bitcoin Cash is currently extremely fast and almost feeless, making it the best option for Merchants, Vending Machines, Microtransactions, Online and in-store Retail Purchases, Payments, and Transfering Wealth around the globe.
So this November will be a repeat of 2018? Does Amaury have backing of enough hash power and infrastructure to split from the chain? Also what is the stance of ViaBTC mining pool? They had announced a fork of Bitcoin Cash.
Price started dropping. A great entry can be at now as I think they stop dumping in a few minutes.
From what I've seen so far the latest drops we've seen were from miners side and traders that followed.
Perhaps a bearwhale can take advantage of it and create terms for a big drop though.
Spammers asking Roger Ver to subscribe to their profiles!
This was surreal. Honestly, I've just created my account 3 days ago and I've never seen such ridiculous spammers anywhere. These people are out of control, I'm reporting them as much as I can and downvoting, and I hope the same is for all decent members that despise stupid spammers and cheaters.
Now I've noticed since my first post these spammers asking me to upvote for upvote and to subscribe to their spam channels. I didn't pay much attention but I should have. A few hours ago, Roger Ver made this post: "**Bitcoin Cash was going GREAT until this IFP nonsense**." which is about one of the most serious subjects currently discussed and I was very interested to read ABC position and in general what the community thinks of the latest events. https://read.cash/@RogerVer/bitcoin-cash-was-going-great-until-this-ifp-nonsense-4065e280
What I've read was spam posts by ignorant and incompetent people that were asking Ver to subscribe to their channels!!!
I mean really, I have no words to explain how ridiculous these people are and what the hell are they doing spamming like this. Just take a look:
I've thought of that for a while and concluded that these people deserve the following treatment instantly:
Downvote
Report
Block
I am well aware that the website pays with some mechanism that I haven't figured out yet and that these vermin are exploiting to earn a few bucks with low effort spam posting.
I have also seen many members using read.cash community to create useful and interesting articles that provide value to the reader.
It is up to the good members to eradicate this disease. Please do not support spammers as they destroy forums and platforms. Be active, block, and report them wherever you see them.
I don't actually care if they downvote me, I will block and report anyone that spams this platform. Have a little dignity and respect, please.
9,000 BTC Whale Sells
According to cointelegraph a Bitcoin whale that had accumultated **9,000 Bitcoins** from the 2018 dip has sold in profit after 22 months of holding.
This individual investor (or party) played the market correctly and unlike most crypto investors bought the bottom and sold the top (at least the current top).
Source: https://cointelegraph.com/news/this-bitcoin-whale-sold-at-12-000-btc-price-after-hodling-for-2-years
This is what investing is about. We might listen to people telling to HODL but this was much better for another time back in 2013-2015 when Bitcoin was consolidating.
This was a perfectly planned trade and something for all of us to learn.
Risk of Buying as a Beginner
This Twitter guy, Portnoy, was obviously trying to enter the cryptocurrency world by being cunning and not actually honest either.
He messed with something that is way far above what he can imagine. Trying to take over and becoming the self-proclaimed "Bitcoin Baron" demands features he doesn't have.
Making money with Bitcoin is not easy and taking steps as he did was not correct approach. This guy was told to buy Chainlink and of course Chainlink dumped. It is like that. You don't buy altcoins after a 100x. This is what happened in 2017 and many lost hundreds of thousands of dollars thinking that some random altcoin that pumped x100 will pump another x1000.
This is a wrong approach. Cryptocurrencies should be bought when they are very low and hope that you will get lucky at some point.
Chainlink does not do anything to deserve more than a few million dollars valuation. The current price will perhaps drop 99% as the rest altcoins did in the past.
How many Chainlinks we had until now and what did they do so far?
Anyway do not follow anyone on Twitter, Youtube, etc. These people are not honest and they are usually paid to shill. 90% of the times they will shill right on top.
Don't get burned.
Bitcoin Mining Map
The University of Campridge released an interactive Bitcoin mining map and statistics about the networks hashrate.
https://cbeci.org/mining_map
These are the locations of mining facilities and while in the map it might not be very obvious it is a fact that most of the networks power originates from China.
China is accountable for 65% of Bitcoin's mining hashrate which secures the blockchain network.
Of course this is a danger and can become a problem. Chris Larsen, Ripple's executive and co-founder expressed recently his concerns on this matter, with an article he posted on "The Hill".
https://thehill.com/opinion/technology/513082-the-tech-cold-war-is-here-and-the-us-isnt-winning
Quoting Chris Larsen:
At least 65 percent of cryptocurrency mining is concentrated in China, which means the Chinese government has the majority needed to wield control over those protocols and can effectively block or reverse transactions. https://news.bitcoin.com/65-of-global-bitcoin-hashrate-concentrated-in-china/#:~:text=A%20new%20bitcoin%20mining%20map,35.76%25%20of%20the%20global%20total.
It is a problem for Bitcoin that China is controlling the network. The chinese government can take over mining facilities on their soil and essentially control the network.
The major threat for Bitcoin is the centralization of miners in a country that opposes Bitcoin and effectively banned it in September 2017.
A really cool MMORPG that will have an alpha testing next week is Taurion which will be running on the Xaya blockchain. It starts on Monday and everyone can signup for the alpha test. There will be rewards too in the form of cryptocurrencies and other digital assets.
I will try to play the game and then I will create a review of what I saw for read.cash.
So expect my first post on "Crypto Games" on Monday.
Learning to trade
Hi guys. This is my first post, I'm doing some TA here to figure out what is going on.
This chart looks like traders are waiting to buy, perhaps on Sunday. It is just the MACD and the Bollinger bands, and two lines connecting the recent tops and bottoms. The fact that all these three seem to be in a good position to find a low gives me hope for my trade.
What do you think? Is there another tool I could use on this occasion? As my title suggests I am a beginner in trading and I'm trying to familiarize myself with various tools. I don't want to make mistakes and reach the wrong conclusion.
Is this a good entry?
Hello, I just joined the read.cash community and I'm trying to familiarize myself with the environment. I won't be a burden, just made this post to say hello to everyone and that I'm glad I found people with same interests as me.
I create this community as crypto and games are two of the things I like most. I like to see projects developing in this sector and it seems that many will be available soon.
@CitadelOfRicks
