CHECKLIST: THE LAZY MAN WAY OF INVESTING IN CRYPTO CURRENCY

1. Resgister in a reputable exchange.(poloniex, kraken, huobi, bitstam, bittrex etc)
2. Send your bitcoins to the exchange after purchase.
3. Look for healthy coins to but and hold.
4. Study the 1 to 2 months chart of the coin and look for a trend that looks like the one below

5.    When you identify such chart , buy and come back a week or a month later to see if the price has increase. then sell.

6.  repeat again and again for profit.

Thanks

THE PRICE OF BITCOIN NOW

Below is the price of bitcoin as at the time of this post

THE ETHEREUM PRICE PLUMMETING IS A FUNCTION OF THE DAO FIASCO

Few days back, there was a report of a hack in the DAO.  The DAO is a smart contract running on top of the ethereum network.  It was discoverd that over 3 million ether was stolen by a hacker.

Reports revealed that the stolen ethers are held temporarily in a child DAO which will be released to the hacker with 27days.

The news of this hack spread like wide fire and caused the price of both the DAO and ether to plummet by more than 50%.

A soft and hard fork is proposed for a possible solution to the problem.  Many,  have varying opinion about the proposed solution as it will negate the intention of the DAO in the first place as regards the non reversal of any transaction and subsequently ruin the reputation of ethereum as a veritable platform to run any smart contracts.

BITCOIN STILL STRONG AND HOVERING BETWEEN $720 TO $780

Bitcoin has proven to be a currency of choice within the internet community.  Due to the upcoming halving of reward a sudden spike as been noticed in the past months from about $420 to about $750.

The spike may continue even after the halving.

PRICE OF BITCOIN IN NAIRA

As at the time of post below are the various prices of bitcoin in nigeria by different exchangers namely nairaex, bitx and bitpesa

ETHEREUM ALMOST HITTING $20

It appears the upward trend of bitcoin seems to have no effect on ethereum has the digital asset is bullish aswell.

In the past,  a rise in bitcoin would mean a fall in ethereum.  But this is a different scenerio now.

Ethereum is thought by many has bitcoin biggest competitor and may like be at par with it sometime in the future.

Whether this is true or not,  only time will tell.

BITCOIN STILL ON THE RISE AT $680 PLUS

A $700 price is very possible today going by the bullish run bitcoin is exhibiting.

Altcoins seems to be loosing value but surprisingly ethereum seems to maintain statusquo.

The rise of bitcoin seems not to affect ethereum that much. It is considered a very stiff opposition to bitcoin.

BITCOIN IS ABOVE $600 AT MAJOR EXCHANGES

The rise and rise of bitcoin is becoming phenomenal even as the much anticipated reward halving is just by the corner.


Is this the push need inorder to experience an all time high?

Many analyst have predicted bitcoin to attain a $1000 plus price tag by the end of the year.

ETHEREUM BASED MARKET ADDED AT POLONIEX

It is worthy of note that ethereum has been given its own market at the poloniex exchange in my opinion is long overdue.

Dao and lisk will be trading against it at the moment with more coins hopefully to join in the future.

SIACOIN SERIOUSLY PUMING AT POLONIEX

It is quite interesting to note that siacoin is very bullish right now.  All that bought when it was sub 40sats will be smiling now.

That is the importance of investing in utility based coin.  You cant get it wrong. There is room to benefit both long term and short term

BITCOIN STILL IN A BULLISH MODE AT $570+

The fact that bitcoin price is on the high maynot be to far from the much anticipated  reward halving coming up by july.

This may be a signal as to what will happen post bitcoin halving.  We may yet be about to experience maybe an ATH.

It is very obvious bitcoin is growing significantly and may likely attain a price tag of S600 by the end of today or by the beginning of the new week.

There is so much suspence and excitment in the bitcoin world at this period.

As only time will tell what the price of bitcoin will become after the halving.

BITCOIN PRICE STILL ABOVE $500

Although the much anticipated halving of bitcoin reward is still more than a month ahead, the price of bitcoin as continued showing a bullish trend with some exchange experiencing a price of $550 few days ago.

The price however is trying to stabilise between the ranges of $500 to $540 at different exchanges.

Many have speculated $1,000 price tag by the end of the year.

We cross our arms and watch how events turn out.