₦airaland Forum

2017, Bitcoin Journey to $10,000
"buy bitcoin" overtakes "buy gold” on Google keyword search after hitting $10,000 earlier today.

Coinbase App- trending on iOS AppStore

With a market Cap of $168,463,613,136, Bitcoin now Bigger than #PayPal, #McDonald’s, #IBM, #Disney, #GeneralElectric

The average electricity used to mine bitcoin this year has surpassed the annual energy usage of some 159 countries. According to a cryptocurrency index from Alex de Vries, also known as #Digiconomist, bitcoin miners can consume more than 24 terawatt hours of electricity per year in producing bitcoin. The amount of electricity consumed in bitcoin mining is comparable to the amount used in Nigeria, a nation of 186 million residents, in one year.

Another major contributing factor for Bitcoin’s sizeable gains is the reality that Bitcoin futures will soon be traded on major regulated markets. Two of the world’s largest futures markets, the Chicago Mercantile Exchange (#CME) and the Chicago Board of Options Exchange (#CBOE), will soon launch Bitcoin futures.

With More institutional investors arriving, hedge fund legend, Michael Novogratz says easily Bitcoin could hit $40,000 by 2018. Very Bullish?

Some say its a bubble, worse than the Tulip Mania.
Our own NDIC boss says its a gamble.
I say HODL.

Start stacking bitcoin, if you can, dont fall for these shady schemes.
Cryptocurrency and bitcoin will be the easiest way to become a millionaire, unless you are a politician.

2017, Bitcoin Journey to $10,000
"buy bitcoin" overtakes "buy gold” on Google keyword search after hitting $10,000 earlier today.

Coinbase App- trending on iOS AppStore

With a market Cap of $168,463,613,136, Bitcoin now Bigger than #PayPal, #McDonald’s, #IBM, #Disney, #GeneralElectric

The average electricity used to mine bitcoin this year has surpassed the annual energy usage of some 159 countries. According to a cryptocurrency index from Alex de Vries, also known as #Digiconomist, bitcoin miners can consume more than 24 terawatt hours of electricity per year in producing bitcoin. The amount of electricity consumed in bitcoin mining is comparable to the amount used in Nigeria, a nation of 186 million residents, in one year.

Another major contributing factor for Bitcoin’s sizeable gains is the reality that Bitcoin futures will soon be traded on major regulated markets. Two of the world’s largest futures markets, the Chicago Mercantile Exchange (#CME) and the Chicago Board of Options Exchange (#CBOE), will soon launch Bitcoin futures.

With More institutional investors arriving, hedge fund legend, Michael Novogratz says easily Bitcoin could hit $40,000 by 2018. Very Bullish?

Some say its a bubble, worse than the Tulip Mania.
Our own NDIC boss says its a gamble.
I say HODL.

I am 100% sure you have been misinformed.

rookidmart:
Be careful with Genex.
Seems they're running a a Ponzi scheme with their "fixed deposit plans" so if that comes crashing down it'll take the whole outfit down.

sent, sorry weekend always hectic

Investnow2017:
I am indeed very sorry. Its my fault really. Pm nah to: xxxxxxxx Expecting yr mail. Rgds

kevostica
genexpayments.online
nairaex.com
luno.com
all good and fast

Taken my spot.

Many have mailed me regarding this new thing called Naira Gold Coin or NGC

In as much as I have give my explicit view, I want to post it here for the benefit of general public and readers but very simple

AVOID NAIRA GOLD COIN.

My Oga and brother,
We never still meet for basement o.

Investnow2017:
Over a period of a quarter, the rates would always exceed that of the TBills because it deals in other monetary assets too.

I dont send any info to email addresses posted here.

If you want anything, email me. Check my signature.

[quote author=oxtine post=62692632][/quote]

check my signature for my email. contact me directly.

[quote author=KingGlobal2016 post=62624409][/quote]

ICO Investments Guide: Part 1

I had to dig up detailed information from well researched sources to put up a comprehensive guide on ICO Investments,

* Important warning before we start: ICOs are a high-risk way of fundraising. Never invest anything you can’t completely afford to lose. Keep in mind that due to a lack of regulation, you will have difficulty getting back your lost money in case of any failures

Up till July of 2017, the total dollar amount raised in Initial Coin Offerings (ICO) was a staggering USD$1,252,676,352. That’s over a billion dollars raised within a span of 7 months. With a total market capitalization of over USD$100 billion, the cryptocurrency market has attracted the attention of many, from traders wanting to make a quick buck to experts that are concerned with its lack of transparency.

What is an ICO?
An initial coin offering (ICO) is a means of crowdfunding, through the release of a new cryptocurrency or token to fund project development.

There are currently more than 1,000 coins available on different exchanges, with hundreds more in the process of being listed on exchanges. It’s important to understand that not all cryptocurrencies have their own blockchain, as most are issued on top of another Blockchain. A good example is ERC-20 tokens, which represents a standard of interoperability within the Ethereum Blockchain. Ethereum is a general purpose blockchain where different tokens can be issued on top of its blockchain without creating their own infrastructure

Advantages of ICO
Democratization: Allow projects to circumvent the traditional method of asking Banks/Venture Capitalists that may take a lot of time and resources. Anyone can invest and can earn the possibly huge returns just like how the big boys are accustomed to. Of course, investing in ICO’s is a high-risk venture.

Immense Profit Potential: Many in the space want to invest in the “next Bitcoin”, potentially riding the wave of buying coins at pennies on the dollar and selling them later at an astronomical valuation. Most ICOs have only a conceptual white paper with little to no proof of concept, thereby validating a high payoff potential due to the extremely high-risk investors are taking

Main Issues
Absence of Regulatory Oversight: Regulations are good in that it protects people/investors/YOU. Currently, the ICO market is unregulated and can attract bad actors that are fraudulent/manipulative/scammers. It’s easy to raise money through ICO; just write a white paper and you’re good to go. Conclusion? Be very careful, have due diligence before investing

No Track Record: The majority of ICOs don’t even have a working product, just a conceptual white paper that outlines how the coin will work. Not only that, ICOs have been asking for an incredibly large amount of funding. For instance, the biggest ICO was the recent Tezos crowdsale, which netted a whopping $232 million. Valuations like this is non-existent in a traditional setting.

How Can I Participate?
Research on Upcoming ICOs
Look at resources or outlets that features the latest ICOs. Knowing which ICOs are coming up will enable you to plan ahead, especially for ICOs that has a whitelist. A whitelist ICO means that you have to register in advance to participate in the ICOs, which are usually hallmarks of popular ICOs that have a limited number of coins to offer

Perform Your Due Diligence
You should perform your own research to ascertain that the ICO is a good project. There are many key factors that must be considered for you to effectively assess an ICO.

First, read the ICO’s whitepaper: whitepapers typically contain technical information, but getting acquainted with information provided in this document is crucial when considering an ICO investment. By doing so, you will be in a better position to evaluate the soundness of the ICO offering.

Second, you need to review a company’s key personnel. Begin by asking how well qualified is the team behind the offer? The answer to this question may very well determine whether you are making a sound investment decision or not. Besides, when researching a company’s competency, assess who are its top executives, technology developers, and critical operations personnel.

You can obtain valuable information from online profiles of team members. In this vein, where team members lack credible online profiles, don’t hesitate, it is time to run.

Probe around the community: various channels exist through which you can get feedback on your concerns. For instance, you can learn a lot by using forum posts, emails, or Slack channels. While doing so, consider the responsiveness of the startup’s developers and the quality of its provided information.

Weigh Up The Opportunity

Ideally, you should commence with an evaluation of any digital currency immediately after collecting the relevant information. If you cannot understand the investment or where it fails to attract considerable interest from investors, just walk away. By doing so, you act by the advice of the renowned investor Warren Buffett.

He advises that you should only invest in what you know or can understand. Similarly, this principle is valid when it comes to investing in digital currency startups. For this reason, it is imperative that you ask several questions such as:

What does the currency hope to accomplish?
What gap does it seek to fill? The answer to this question will assist you in identifying the rationale for its existence as well as why it needs funding.

How will the currency accomplish its goals? Beware of the existence of alternatives or previous attempts of a similar idea.
What is the magnitude or enormity of the task the currency seeks to rectify? In doing so, you will get a perspective of the currency’s market potential? An excellent example is BitCoin which sought to create a decentralized banking system as well as a new currency. A digital currency with such potential is worthy of your consideration.

How much of the digital currency’s value is dependent on future market fluctuations? And how much of its price is pegged to existing value?

ICOs are a high-risk way of fundraising. Never invest anything you can’t completely afford to lose. Keep in mind that due to a lack of regulation, you will have difficulty getting back your lost money in case of any failures

Check your mail.I replied at 1:36pm, check your spam/junk folder too

SHEYOR:
i saent u a mail madam...u hv nt repled me...my email ..tanx ma

Will post details on ICOs later today, stay tuned

Parting word:
If you are not stacking up bitcoin right now, you are about to miss the boat.
Good thing, you can start right now, let me show you how. Its free to get started.

Send pm

[quote author=jesusnmary post=62283464][/quote]

TV Show The Big Bang Theory To Dedicate Full Show To Bitcoin!

The popular US TV series, The Big Bang Theory could open the flood gates for even greater widespread Bitcoin adoption.

Since it’s 2007 premier on CBS , the show is now one of the world’s most popular TV shows. Currently on season 11, the producers have decided to create an episode named ‘The Bitcoin Entanglement’! The episode will air on 30th November 2017 and could very well cause a spike in the Bitcoin price.

The popular cryptocurrency now has a market cap of over $100 Billion, worth more than the majority of companies around the world, and the possibility of mass adoption is quickly growing.

The price for one Bitcoin has risen by over 700% in 2017 alone, and it shows no signs of slowing down.

Other popular public figures are coming out of the woodwork to show support for cryptocurrencies, such as the recent announcement from the singer Bjork that she will be accepting cryptocurrency for her new album.

It’s an exciting time for Bitcoin enthusiasts as the much loved cryptocuurrency is finally getting the attention it deserves!

Why Cryptocurrencies Could Push The Dollar From World Reserve Currency Status

This year, blockchain technology has skyrocketed in popularity -- and for good reason. Blockchains have the potential to decentralize how trust is guaranteed in anything that can be stored digitally, which includes money, data, identity and ownership records. It is hard to exaggerate the potential disruption of legacy institutions and business models. In late September, the head of IMF, Christine Lagarde, cautioned that cryptocurrencies can displace central banks, conventional banking and national monies in the long term.

What has gotten less attention, however, is how blockchain will impact international politics in general and economic statecraft in particular. A key foundation of the predominance of the West, and particularly the United States, is the reliance on economic power. It is codified in the Bretton-Woods institutions and the role of the U.S. dollar as the world’s reserve currency. Since all financial actors need to function on the U.S. market, the U.S. treasury’s domestic powers are in effect international. If they designate an entity a money-laundering concern or suspect of terrorist activity, the possibility to do business or transfers would vanish.

Blockchain-based cryptocurrencies, however, threaten to disrupt this foundation by decentralizing the operation of the financial system outside sovereign states’ control. This ties well into the goals of revisionist states, who long have sought to de-dollarize the world economy. The most noteworthy actor in this regard is Russia, who announced on the 15 October that it will issue a blockchain-based CryptoRuble

https://www.forbes.com/sites/laurashin/2017/11/07/why-cryptocurrencies-could-push-the-dollar-from-world-reserve-currency-status/#7e89df9a6a9e
.........................
Dont sit on the fence.

Send pm

SHEYOR:
Plz i am intrested onwordi

Breaking News


Segwit2x Hard fork has been called off, at least for now.

Industry CEO Believes Bitcoin’s Anonymity Dooms It, Predicts Governments Will Ban

In its short lifespan of 10 years, Bitcoin has seen many obituaries. The latest one is by SocGen CEO, Frederic Oudea, who feels that Bitcoin has no future because of its anonymity.

Governments will clamp down

Fredric Oudea believes that the future of Bitcoin and other virtual currencies is dim, primarily because he expects governments and regulators to clamp down on them. The reason he gives is the anonymity involved in these transactions, which might facilitate illegal activities ranging from money laundering to terrorist financing.

Speaking to CNBC at the Web Summit conference in Portugal, Fredric Oudea said:

The benefit so far is it provides anonymity to the people who are making the transactions. I can't see a future of this when I see the attention paid by all governments and regulators on anti-money laundering, on anti-tax evasion, on anti-terrorism financing. The anonymity of the transaction is a problem I think which would put pressure on Bitcoin.

Anonymity or pseudonymity?
While there are virtual currencies whose primary use case is privacy and processing anonymous transactions, Oudea may be off the mark when he calls Bitcoin transactions anonymous. Bitcoin addresses are pseudonymous, i.e. Bitcoin addresses are not directly linked to real world identities.

All Bitcoin transactions are recorded in the Blockchain and are publicly visible. While precautions may be taken by criminal to obfuscate the flow of transactions, Oudea has erred in calling Bitcoin transactions anonymous.

Echoes Jamie Dimon

The views of Frederic Oudea echo those of Jamie Dimon, the CEO of JP Morgan, who called Bitcoin a fraud. The common underlying theme behind these views is that they believe that Bitcoin will fail not because the market will reject it, but because the Government will step in.

This by itself seems to be an admission of Bitcoin's strength and its ability to be adopted by the masses. The same people who criticise Bitcoin because of its unregulated and decentralized nature sing paeans about the Blockchain and its ability to improve efficiency and cut cost.

What about cash?

When entrenched market players attack Bitcoin on its pseudonymous nature, they conveniently ignore the fact that cash provides greater anonymity and can be transferred without leaving a trace. However, nobody is expecting governments and regulators to ban cash.

The attackers of Bitcoin also fail to realize that more and more governments, ranging from Japan to South Korea, are embracing virtual currencies. Regulations are evolving with the development of technology and banks' business models have to change. Otherwise, banks, not Bitcoin, might meet the fate of the dinosaurs

If think Bitcoin is a joke

The Winklevoss twins, Cameron and Tyler, could be the richest celebrities in terms of Bitcoin investments as of late October 2017, as their one percent total holdings of the leading digital currency are already worth more than $1 bln.

The twins became infamous for their legal dispute with Mark Zuckerberg over the latter’s alleged stealing of their original concept for the Facebook social network.

The Winklevoss twins’ venture into Bitcoin
The Winklevoss twins claimed that they first learned about the oldest digital currency in 2012. In 2013, they announced that they had purchased one percent of the total supply (120,000 BTC) of Bitcoin at the time. In late 2013, the twins stated in an interview that they did not sell any of their Bitcoins and they keep their wallets in different safes around the world on universal serial bus (USB) drives.

In their announcement in a Reddit AMA, the twins claimed that they were immediately impressed by Bitcoin when they first heard about it in 2012 due to its elegance and very huge potential.

“We first learned about Bitcoin in 2012. Perhaps where you’d least expect — on an island off the coast of Spain in the middle of August. Our first impression was that this was either going to be really big or a complete zero. We were immediately taken in by Bitcoin’s elegance and enormous promise, and as we started to learn more, we became convinced that Bitcoin was the future of money.”

The twins launched their Gemini Bitcoin exchange in 2015.

You might think you are late. But Far from it. The next 12 months is going to be like a roller coaster ride. Bitcoin is going mainstream. $100,000 per bitcoin is very possible in less than 5 years coming
Start reading and learning.
Start making bitcoin.
Go with the flow. Dont be left behind.

Don't ignore bitcoin again, start making bitcoin,
No matter now small. It will make you rich.
If you don't know how to, let me guide you. for Free

Bitcoin Shatters $7k Barrier After Futures Trading Announcement by CME Group

Bitcoin continued its five-day surge, rising from $5,750 on Oct. 28 to just over $7,000 at press time on the GDAX exchange. The currency’s definitive smashing of its most recent all-time high and the $7,000 barrier seems to be tied to its increasing integration in mainstream finance.

Futures and derivatives
Just yesterday, the CME Group, World’s Largest Options Exchange, announced they will begin trading in Bitcoin futures by the end of 2017, pending regulatory approval. CME Group is the largest options and futures exchange in the world, and owner of Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, Kansas City Board of Trade and part-owner of the Dow Jones Indices.

Following the announcement, Bloomberg reported that CME’s imprimatur makes Bitcoin “legit” in the world of mainstream finance. CME becomes the latest mainstream player to jump on the Bitcoin bus, following the Chicago Board Options Exchange’s (CBOE) announcement that they will trade Bitcoin options and futures, and LedgerX’s opening of their regulated Bitcoin futures market.

ETF?
The trading of Bitcoin futures on regulated markets, particularly by major entities such as CBOE and CME, make it exceedingly likely that a Bitcoin exchange-traded fund (ETF) could be possible in the near future. When the SEC rejected the Winklevoss Twins’ attempts to register such an ETF earlier this year, the regulator pointed out that it might revisit its decision if regulated futures markets should arise.

Sky is the limit
With Bitcoin’s increasing acceptance by Wall Street financiers and traders, the sky is quite literally the limit for the digital currency. While Bitcoin’s $116 bln market capitalization is large by the cryptocurrency world’s standards, it’s minuscule in comparison to the $639 tln derivatives market. If even the tiniest fraction of those funds were to enter Bitcoin, its value would be inconceivable.

How to Diversify Your Digital Currency Portfolio

Before making a crypto investment, it is important to determine whether you actually need to diversify your portfolio. The best means of judging this is to consider your budget. If, for instance, your capital is US$200, diversifying your portfolio isn’t really worth it. Diluting a relatively small amount of capital among various currencies isn’t a good choice, as value increases likely won’t be big enough to make the investment worth it. Analysts believe that diversification should start with an investment amount of at least US$500. However, more is always better, as it’ll lead to higher profits following price increases.

DIVIDING INVESTMENT AMOUNTS

Now, if you’re ready to invest a higher amount of capital into digital currency, most diversified portfolios are divided into three different categories:

The low-risk category (often cryptocurrencies such as Bitcoin or Ethereum)

The medium-risk category (often altcoins with large market capitalization)

The high-risk category (often ICOs and low-popularity altcoins that got your attention)

Investment stake in each of these categories will vary, with the highest investment made in the first category providing the smallest risk, a medium-sized investment in the second category, and the smallest investment in the third category. Investment percentages can vary, but most who choose this system aim for 50%-30%-20% or 60%-30%-10%.

This post first appeared on TheMerkle

Make sure you are getting paid daily in bitcoin,
No entrepreneur should ignore bitcoin.

UK Financial Regulator Vows to Give Blockchain 'Space' to Grow

The UK Financial Conduct Authority (FCA) has said it does not plan to regulate the blockchain industry for now as it believes the technology will need "space" to grow.

The news was delivered yesterday in a speech by Christopher Woolard, the FCA's director of strategy and competition, who took a focus on innovation at the start of London London Fintech Week.

Describing innovation as an "iterative process", Woolard said that it is "crucial" that innovators are given space to develop their solutions. He further framed the development of distributed ledger technology as a potential revolution in financial services, though he cautioned it has yet to be seen if the tech is "the panacea of all ills in the financial world".

Moving onto the authority's position on regulation of the blockchain businesses, Woolard said:

"The FCA continues to monitor the development of this technology but is yet to take a stance until its application is clearer."

Woolard went on to state that he believes there are "regulatory and consumer issues" that will need to be examined as the technology evolves, such as how individuals gain access to a distributed financial network and which entities control this access.

Additionally, he cited levels of data security for users as a further "vital consideration" for the FCA.

The FCA regulates domestic financial firms providing services to consumers, and is also charged with helping to maintain the integrity of UK financial markets

Applications for regulators

During the speech, Woolard took the time to discuss the FCA's Project Innovate initiative, launched in October 2014 to help startups improve policies and processes.

The FCA chief explained that the FCA will continue to work with firms developing distributing ledger technology solutions via the innovation scheme to ensure "consumer protections are being factored in during the development phase of this technology".

Woolard further explained that the FCA had identified some "key opportunities" in applying the technology to the needs of regulators, which he termed "RegTech".

He said:

"[This area] is an opportunity for us to understand how we can best support developments and potentially adopt some RegTech solutions ourselves."

Of particular interest to the authority is whether blockchain technology can help companies across industries meet know-your-customer (KYC) or anti-money laundering (AML) requirements "more efficiently and effectively".

The FCA is currently engaged in discussions with government and industry on the issue, he indicated.

Blockchain-friendly stance

To date, the UK has taken an extremely open stance on both digital currencies and blockchain technology, issuing a number of official statements and initiatives expressing a willingness to help the industry develop.

In October 2015, the economic secretary to the UK Treasury, Harriet Baldwin MP, spoke about the benefits of digital currencies and blockchain technology, explaining that the government was working to create the right regime for digital currency businesses that would attract both overseas investors and companies to the UK.

This January, a report from the UK Government Office for Science recommended a broad government effort to explore and test blockchain and distributed ledger technology.

The report, headed by the government's top scientific advisor Mark Walport, contained proposals aimed at pushing for segments of the UK government to pursue applications of the technology.

People are 'underestimating' the 'great potential' of bitcoin, billionaire Peter Thiel says

Billionaire Peter Thiel said people are "underestimating" bitcoin and it has "great potential left"
Thiel said he is "skeptical" of most cryptocurrencies except bitcoin
He compared bitcoin to gold

People are "underestimating" bitcoin and it has "great potential left," billionaire investor Peter Thiel said on Thursday.

Speaking at the Future Investment Initiative in Riyadh, Saudi Arabia, Thiel compared the cryptocurrency bitcoin to gold.

"I'm skeptical of most of them (cryptocurrencies), I do think people are a little bit … underestimating bitcoin especially because ... it's like a reserve form of money, it's like gold, and it's just a store of value. You don't need to use it to make payments," Thiel said.

"If bitcoin ends up being the cyber equivalent of gold it has a great potential left."

There has been rising interest in bitcoin this year. The cryptocurrency recently hit a new record high above $6,100 and has rallied over 500 percent this year.

Thiel said that bitcoin is based on the "security of the math" which means it can't be hacked and it's secure. The PayPal founder and venture capitalist compared some of bitcoin's features to gold.

"Bitcoin is mineable like gold, it's hard to mine, it's actually harder to mine than gold. And so in that sense it's more constrained," Thiel said.

The cryptocurrency has a limited supply and only 21 million bitcoin will be mined.

Major figures in the business world have weighed into the debate over the sustainability of cryptocurrencies. JPMorgan Chase CEO Jamie Dimon called bitcoin a "fraud" and said people who buy it are "stupid". Saudi billionaire investor Prince Alwaleed bin Talal said Monday that bitcoin will "implode" one day.

On the other hand, former hedge fund manager Michael Novogratz said bitcoin would head to $10,000, mirroring the bullishness of some CNBC readers. Forty-nine percent of the 23,118 people who voted in an unscientific survey last week about the direction of the bitcoin price, said it was heading above $10,000.

Secondary Market becoming more profitable nowadays

I think Banks are selling of old subscriptions or more people are coming forward to liquidate. I could be wrong though!
Either way, rates will soon caught up with Primary market realities,

zamirikpo:
I got 16.50 for 99days at stanbic ibtc. Secondary market
Today

I think most banks takes minimum of 100k for NTB,
30,000 can go for Saving Bond or Mutual Fund.

Aside from that, your request is not very clear, try to be more explicit.

OLOBAM:
kindly help with this calculation. 30000 invested at the beginging of every month for 10years at 10% per annum. 30,000 will be added at beginning of each month.

your response will be highly appreciated. thank you