cryptonomics

Ethereum continues pressing forward towards its all time high of about $390. Current price is  ~$380 on Coinmarketcap  while on Poloniex it is trading just north of $384 Shortly after hitting its previous all time high, it had about a 50% pull back. Ethereum has stayed relatively stable against BTC since it's 50% pull back, but against USD, it has since been on a steady ascent. Most altcoins have remained relatively stable against BTC, while appreciating against USD. Monero (XMR) had quite the run trading at ~.013 BTC (08.19.2017) and hitting .035 BTC on 08.27.2017 Since then it has had a slight pull back and is currently trading ~.029 BTC Ripple experienced quite the pump and dump as its creators gave some serious hype for guest speakers. This pump done by Ripple saw it trade from $.15 to $.29 Most of the trading has been seen from South Korea, according to data from Coinmarketcap.com *other reads: Bitcoin Insight How to Bitcoin/Altcoin $AMD and $NV...

Bitcoin's volatility can cause grief for new Bitcoiners who don't understand it's price swings. You can never find the perfect entry/exit when investing. To find safer entry/exits, you need to understand what you can of it. Bitcoin isn't your average currency that derives its value based off of a central bank being hawkish or dovish (raising or lowering interest rates). Instead, it derives its price from the market (or the general populace); Supply and Demand. If there are more buyers of BTC, the price goes up; more sellers, the price goes down. The good news for buyers of BTC is that it is currently in an uptrend. Despite its price swings, if you buy and hold; you will most likely be ok. So, when to buy Bitcoin? Great question, and I am very glad you asked. Looking at Bitcoins historical price chart over the last year can provide some insight to what could happen. Historically, when Bitcoin test its ATH (all time high), it is first met with some resistance, ...

When first looking in to buying Bitcoin, it can seem quite daunting. There are so many places to buy and sell. From my experience, I have found that the easiest way to buy and hold Bitcoin is to use Coinbase , even if our opinions don't align... The reason I have selected Coinbase is mainly because it is easy to use, and has a simplistic set up that doesn't require you to divulge, and verify, too much personal information. To set up, simply go to coinbase.com ,  or download the Coinbase app. Enter your First name, Last name, email, password, select your state, verify that you are not a robot, and agree to the 'terms and conditions'. Bam, that simple. *Update: they require more information including a photo ID Setting up a method of payment is quite easy, especially on the app. Once you add the card, and the card has been validated (which can take up to a few hours), then you can be a happy/unhappy Bitcoiner. I like coinbase for the simplicity, sleek design, a...

Advanced Micro Devices released Vega (not Frontier edition) today. It is sold out across the board on New Egg . Meanwhile, Ethereum's network hashrate has jumped up by 6 TH/s overnight. Currently at 86.7 TH/s Zcash's network hashrate seems to be climbing higher, but there is no way to be certain just yet. This is the second time this year that AMD has released a new GPU that has sold out the days of launch. The first was AMD's RX 570/580 which sold out very quickly at a price of ~$300. The new Vega GPUs have a starting price of $400 (Vega 56) and higher end of $699 (Vega 64). From what I have seen, these cards will do a great job mining for what you pay for them (around 35-45 MH/s). So if you are looking to buy, good luck. They will be sold out for a while. The RX 570/580, which was released around April 2017, is still impossible to get unless you are willing to pay double. Nvidia's GPUs are good for mining, but are generally too expensive. Miners have comp...

Bitcoin was highlighted on CNBC where the Bitcoin enthusiast set a target of 25,000 to 50,000 USD per coin, see it here BTC is trading around 3,575 USD and has had a steady ascent over the past week of 26% *BTC chart here BCH (Bitcoin Cash) seems to be continuing its wild ride, investers/traders still are uncertain of its future, as it has become another spinoff of Bitcoin. Current price is around .09 BTC. It is down 5% on the week, but up 12.8% on the day. It's intraday high peaked at .1 BTC *BCH chart here ETH (Ethereum) had a boost with other altcoins, which saw it peak at .094 BTC, since then it has had a pull back and is currently trading around .084 BTC or 300 USD. On the day it is down about 5% *ETH chart here ZEC (Zcash) had a nice little bump from ~.062 BTC ON 08.07, surged up to .075 BTC (08.08), but has erased almost all of its gains leaving it at a current level of .064 BTC *ZEC chart here LTC (Litecoin) although a one week chart has LTC down 13% against B...

Market analysts seem to be seeing only what they want to see when it comes to cryptocurrency mining and GPU demand. When the GPU mining craze started to boom in May, causing a shortage in AMD and NVDA GPUs, analysts were quick to say that it is just a short term craze. When the price of Bitcoin and Ethereum started to fall, they said that there would be a mass selling of GPUs on the second hand market. Ethereum fell about 50% in a few months from a high of .14 BTC ($400) to a low of .069 BTC ($163). Since May, there has been and continues to be a shortage of AMD Radeon RX 470/480/570/580. Even RX 460s and 560s are some what hard to find. The AMD Radeon RX 580 is the best for mining Ethereum. The higher end GPUs (of AMD, since they are better for Ethereum) can work at 25-35 MH/s 1,000 MH/s equals 1 GH/s 1,000 GH/s equals 1 TH/s On June 16, 2017, Ethereum's network was 45.7 TH/s. Today, its network hashrate is 81.9 TH/s One analyst mentioned that trans...

Digital currencies see a light rally. At the time of writing this (08.08.17 3:45 pm PDT): ETH + 11% ZEC + 22% LTC + 6% BCH - 2.8% (Bitcoin Cash has had quite the roller coaster ride, trading between .06-.24 BTC) BTC surpassed its previous ATH of 3,000 USD on Aug 03, currently hovering around 3,400 USD and currently has a market cap of 56 Billion USD the real question is wether the bullish sentiment will hold. Also, there has been chatter of CBOE launching Bitcoin Derivatives (I'm rather psyched about this one) A question for the equities market is will this help boost AMD and NVDA shares since they produce GPUs that are great for mining. Also, I started using Kraken , and I love it. Data pulled from cryptowat.ch  and coinmarketcap.com