BITCOIN PRICE HIT S500 AT HUOBI EXCHANGE

A chinese exchange huobi trading bitcoin has witness the price of bitcoin surpassing $500 and still kicking.

MANY COINS NOSE DIVING AND SERIOUSLY ON THE RED

What could be the cause of this nose dive?  Well it will not be to far from the fact that bitcoin is gaining value and many would want to cash in on that.  As soon as this frenzy ends you will notice a return to statusquo and a possible skyrocketting of some altcoins.

LISK ADDED AT POLONIEX

This another coin creating waves in the crypto sphere and it has been added at poloniex exchange.

COINS TO BE DELISTED FROM POLONIEX EXCHANGE

The following coins will be delisted from poloniex

On 6/3/2016, the following markets will be delisted: ARCH, EXE, GEMZ, INDEX, MIL, MRS, NOXT, XCH, XDP

So if you invested in any of this coins try and withdraw them before the deadline

COINS TOPPING THE CHART IN TERMS OF VOLUME AT POLONIEX

INVEST IN UTILITY BASED COINS

Coins that tend to have other value apart from it been traded at exchanges are considered utility assets. The developers of this type of asset render a particular type of service making use of the blockchain applicable to the real world problems. The service they render actually sole real life problems through the blockchain.


This type of digital asset is good to invest in because you are sure it will stay for a very long time and the value increase as it is adopted as solution to problems.

Some of this assets include Ethereum, maid, factom etc. Do some research on others an find out what they have to offer.

MY VIEW ON BITCOIN HALVING COMING UP SOON

The protocol governing bitcoin is design in such a way that the rate of supply of the coins is in deflationary way. It was designed that every 4 years the amount of bitcoins will be halved untill total amount of 21 million is reached.

As at now over 15 million is in circulation and the next halving is expected by july. This as brought in a lot of talks in the bitcoin community about the effect of this on the price of bitcoin.

Many are hoarding their bitcoin in the hopes that this halving will bring about scarcity thereby making the price to skyrocket. while some differ.  

I am of the opinion that the best approach is to aquire good altcoins at this point so that anyway the ball goes, it will favour you all the same.