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      "title": "Monero Investment - Update [Week 7]",
      "body": "@@ -242,16 +242,106 @@\n  date.%0A%0A\n+%3Ccenter%3E%0Ahttps://pbs.twimg.com/profile_images/1213939865643048960/ln_Ku_tS.jpg%0A%3C/center%3E%0A%0A\n Monero i\n",
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      "memo": "⚠️ Please be careful with any website or discord link that you receive from other users, those are mostly phishing attempts."
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      "memo": "❗ Hello skid, great that you are using the STEEM blockchain. The Executive Board hereby invites you to https://discord.gg/KyBbmhh where you will get some insider infos on how you will earn the most coins. It's easy, just follow the instructions. Warm regards, The Executive Board."
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      "title": "Monero Investment - Update [Week 7]",
      "body": "7th week since I moved $1,000 into Monero. Current value is $93.51. As per usual, I'll answer one question for a follower about this investment and why I've chosen this coin. I'll do some updates on the other coins in my portfolio at a later date.\n\nMonero is a privacy-based cryptocurrency which uses ring signature technology to mask transactions. This sort of thing is superior to most altcoins, as it allows its users to hide their wallet information from public viewing; something which should be done by any transactional cryptocurrency.\n\nThe value was ~ $50 when I invested in this. I'm currently sitting on $1,850, which is a significant increase!\n\nQuestion from follower: At what price do you intend on selling XMR?\n\nAnswer: I'm not sure. It depends on the market. When investing in things like this, you need to keep a close eye on it. Personally, I'm in this for the long haul, but that doesn't mean there isn't money to be made in the meantime by predicting market rises/falls. Keep an eye on social media, if hype is growing it might be worth investing more. Once I see hype dying down and major incidences (such as the Twitter hack), I always try to imagine how it will affect the market.\n\nI hope that answers your question, please drop your questions below and I'll pick out another one for next week's issue! (:",
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{
  "trx_id": "9d010562a4e3f03c4cdfef7ab70466803649c6ce",
  "block": 17485239,
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    {
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "author": "skid",
      "permlink": "ultimate-guide-to-cryptocurrency",
      "title": "Ultimate Guide To Cryptocurrency",
      "body": "![Gold-Versus-Bitcoin-Goldman-Sachs-Prefers-Metal-to-Crypto-1068x1068.jpg](https://steemitimages.com/DQmPswcWX5zBY4srAqJcESPbpd6j5PyVMSdxip613q3wjW3/Gold-Versus-Bitcoin-Goldman-Sachs-Prefers-Metal-to-Crypto-1068x1068.jpg)Common Terms Explained\n\nWhat is Crypto Currency?\nCrypto Currency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.\n\nRead more: https://blockgeeks.com/guides/what-is-cryptocurrency/\n\n\nWhat is Blockchain Technology?\nA blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order. Each node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) gets a copy of the blockchain, which gets downloaded automatically upon joining the Bitcoin network. The blockchain has complete information about the addresses and their balances right from the genesis block to the most recently completed block.\n\nRead more: Blockchain Definition | Investopedia http://www.investopedia.com/terms/b/bloc...z4iPKSkuQW \n\n\nWhat are Bear and Bull markets?\nThese terms are used to describe general actions and attitudes, or sentiment, either of an individual (bear and bull) or the market. A bear market refers to a decline in prices, usually for a few months, in a single security or asset, group of securities or the securities market as a whole. A bull market is when prices are rising.\n\nThe terms \"bear\" and \"bull\" are thought to derive from the way in which each animal attacks its opponents. That is, a bull will thrust its horns up into the air, while a bear will swipe down. These actions were then related metaphorically to the movement of a market: if the trend was up, it was considered a bull market; if the trend was down, it was a bear market.\n\nRead more: Where did the bull and bear market get their names? http://www.investopedia.com/ask/answers/...z4iPLTUQIn \n\n\nWhat is shorting?\nEven though shorting is actually a term used on stocks or Cryto's that are borrowed and NOT OWNED, it's very common to see this term on here used to describe someone who sold a coin to make a quick profit or even selling at a deficit to buy another coin. \n\nThe actual definition of shorting can be best understood if you read up on lending and research beyond Crypto's, into stocks and securities. I will leave a link here just in case you want to research this stuff on your own time.\n\nShorting: http://www.investopedia.com/terms/s/shortselling.asp\n\n\nWhat is an ICO?\nAn ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for money today. ICOs provide a way for cryptocurrency project creators to raise money for their operations. Most ICOs raise money in Bitcoin or other cryptocurrencies.\n\n\n\nBuying Bitcoins\n\n\nWhere do I buy BTC?\nBuying BTC can be done in several different ways. The most popular way is to visit http://www.coinbase.com and after signing up and verifying, you will be able to purhcase BTC using a debit or credit card. They do have weekly limits though, so it might be a pain in the ass.\nYou can also buy BTC on Hackforums USING EXTREME CAUTION, from trusted sellers on the marketplace. You can use your Paypal or even other payments to get a user to sell you some BTC at discounted rates.\nYou may also use http://www.localbitcoins.com to see if someone is selling BTC in your area and trade physical cash for BTC. This might be safer for you, depending on where you live.\n\n\n\nWhere do I store my BTC?\nStoring your BTC can also be done in several different ways. You can store your coins on an exchange (just leave them there), which is NOT RECOMMENDED (more on this later), or you can use a Desktop wallet or a hardware wallet.\nA Desktop wallet is a wallet that you download and secure using your own keys to store your coins offsite. A very popular example of this is Jaxx.io - Many users have used this on here and have found it to be extremely safe. \nA hardware wallet is a bit more advanced and is an actual device you buy and use to store your BTC on. It is more secure than an Desktop wallet and if you are extremely paranoid or rich then you might want to look into using one of those. There are a variety of Hardware wallets out there and you can google it to select one that suits your needs best.\n\n\n\nFinding an Exchange\n\n\nWhat is an exchange?\nAn exchange is a website that you deposit your BTC or FIAT into (or even altcoins) in order to trade these currencies for other coins or even Fiats. There are a lot of exchanges out there and keep in mind that some of them ARE sketchy and should be avoided at all costs.\n\n\nWhich exchange should I be using?\nEven though there are a lot of exchanges out there, the most popular two are Poloniex and Bittex. Based on my own personal experience, I would suggest using Bittrex, as Poloniex has had a long history of support problems and losing people's money. But this is up to you.\n\nHere are a list of Exchanges in case you wanted to look into them: https://www.cryptocoincharts.info/markets/info\n\n\nShould I store my coins on Exchanges?\nIs is HIGHLY ADVISED AGAINST to store anything on exchanges. The reasons are numerous, but include hacks, support issues and even account closures. This is money and by leaving them on an exchange, you are basically letting other people hold onto your money and trusting them to do it. With an offline wallet YOU control the keys and therefore might feel a lot safer doing that.\n\n\nUsing an exchange\n\n\nHow do I deposit my BTC onto an exchange?\nSign up for your chosen exchange and find the list of currencies (this depends on the exchange you are using). On Poloniex, all you need to do is click on the 'USDT' tab in the currencies box, then click on 'BTC', and scroll down to the buy and sell boxes and click on the 'deposit BTC text'. At that point just copy paste the wallet address and send the coins from your wallet or coinbase. It might take a while to confirm, but it should appear in your pending deposits shortly.\n\n\nHow do I buy an altcoin on an exchange?\nOnce your BTC payment has cleared, it will be in your BTC balance, and all you have to do is scroll to your currency of choice in the currency box, click on it, scroll down to the 'BUY' box, and fill out the required fields. You might want to stick to market value if you are just starting out, but you can put any price you want in the price field. This is called a limit order. After you fill the fields out, simply hit 'buy' and your order will process. \n\n\n\n\nInvesting\n\n\nWhat are the different types of investing?\nInvesting comes in primarily three types:\nShort term: This type of investing is not advised for newbies and done by day traders usually. This is done when you believe the coin is going to rise on the short term (few days tops), and then sell and re invest in another or even the same coin.\nMid term: This type of investing is great for beginners and is safer than short term investing. It requires some patience and usually extends to 1-2 months of waiting before you sell.\nLong term: This is the type of investing you do when you believe in the technology you are investing in. This can include waiting from several months to several years. This is what you should do when you are nearly 100% that the coin is going to have a great future. This is not advised for beginners.\nWhich coins should I invest in?\nYou should NEVER EVER invest your hard earned money into a coin just because someone else tells you to. Even though sometimes this works out and you profit greatly, it's a very bad idea because you have no idea what you are buying into. You should only invest in a coin if you have done the research yourself and strongly believe that you will make some profits based on your research. For this reason I cannot advise you on what to buy.\nYou can start by looking at the roadmap of the coin you are researching and then looking deeper into it's technology. Do not invest unless you UNDERSTAND what the coin is trying to achieve.\n\n\nWhen should I sell my coins?\nIn general, this depends on what type of investor you are. It is usually very good advice to set a reasonable goal and sell when you hit that goal. Do not get greedy or you will lose money! Selling your coins doesn't have to be selling everything. You may sell some coins and keep some if you believe there is more profit to be made.\n\n\n\nWithdrawals\n\n\nHow do I withdraw my coins?\nThis depends on what exchanges you are on, but in general, you may want to sign up for coinbase or a similar trusted website where you can put in your bank information and then deposit the BTC and sell it for USDT, eventually withdrawing that USD (or whatever currency) to your bank account. A similar website to coinbase is the exchange http://www.kraken.com - Which has a large selection of coins and fiats.\nYou may also trade your coins on Hackforums for Paypal and withdraw the Paypal to your bank account. THIS IS NOT ADVISED IN LARGE AMOUNTS and always use common sense when doing these things.\n\n\nCan I exchange my BTC to Paypal safely?\nNo, it is usually not recommended to trade your Crypto's for Paypal for the simple reason that Paypal can be chargebacked while Crypto's are notoriously hard to charge back. With that being said, if you trust the person who is doing this transaction with you 1000%, then go for it, but please keep in mind that people have gotten burned before doing this with extremely trusted people. It's a very tempting thing to do. \n\n\n\n\n\nBasic security to protect your coins\n\n\nI think i've been infected, what should I do?\nIf you believe you have been infected and you haven't done any Crypto trading yet, make SURE you have cleaned out your system before making any trades, because if you haven't, you might very well get robbed blind.\nIf you have already done trades and might have been infected, clean out your system, and then change all your passwords using SECURE 10 digit passwords for all accounts and exchanges.\n\n\nShould I activatr 2FA, or is a waste of time?\nIt is HIGHLY RECOMMENDED to activate 2 factor verification. This is NOT a waste of time, but an added layer of security. No one is to blame if you get hacked and robbed because you didn't attach a 2FA device to your security. Setting up 2FA is very easy and should be done by everyone using all their valued accounts (not just crypto).\n\n\nAre exchanges safe places?\nYes and no. The major exchanges like Poloniex and Bittrex are RELATIVELY safe but still get hacked every now and then and ddosed on a regular basis. Furthermore, they are obviously a large target for hackers because they contain a lot of money on them. Therefore you should never assume that they are impenetrable and should always take the necessary measures to protect your money.\n\n\n\nThe exchange I am on isn't processing my order, what should I do?\nThis depends on the exchange you are on. In my experience, I had most problems while I was on Poloniex. If you are using that and are having issues, your best bet would be to make a support ticket and then wait 2 days (they won't answer), then go to the trollbox and message a mod, telling them support has not replied to you. They will then bump your support ticket to support and you should be able to get an answer. This is a shortcut that you should use with Poloniex and support should work fine with other major exchanges.",
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      "title": "Why Bitcoin Gold Is The Future And Bitcoin Cash Is DUMB",
      "body": "@@ -1,8 +1,9 @@\n+!\n %5Baaa.jpg\n@@ -1891,9 +1891,8 @@\n in Cash.\n-!\n",
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      "title": "Why Bitcoin Gold Is The Future And Bitcoin Cash Is DUMB",
      "body": "@@ -1,8 +1,102 @@\n+%5Baaa.jpg%5D(https://steemitimages.com/DQmTjNgTWYXn6du45Zi9RzqyAMQZQXp6pQFF6jCJRcFGnrp/aaa.jpg)%0A%0A\n Don't be\n@@ -1895,96 +1895,4 @@\n sh.!\n-%5Baaa.jpg%5D(https://steemitimages.com/DQmTjNgTWYXn6du45Zi9RzqyAMQZQXp6pQFF6jCJRcFGnrp/aaa.jpg)\n",
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      "title": "Why Bitcoin Gold Is The Future And Bitcoin Cash Is DUMB",
      "body": "Don't believe the Bitcoin Cash lies. There are 2 outcomes from this whole Bitcoin mess. Lets explain the current situation.\n\nBitcoin was created many years ago and is incredibly out-of-date compared to traditional currencies such as Litecoin. The Bitcoin blockchain has several scalability issues along with a range of mining issues. There are too many issues to count with the original version of Bitcoin. Of course, it works, but not to a satisfactory standard.\n\nAnd then came Bitcoin Cash. Bitcoin Cash solved the scaling issues whilst also being a fork of the Bitcoin blockchain. So it acted in the EXACT same fashion, but could potentially meet the transaction demand and be the future of Bitcoin. And then we had the whole disagreement between people who argued that the legacy Bitcoin has already been implemented everywhere that trying to push this new coin would put the community back years of hard work in promoting the coin and this would only complicate matters further. Others saw it as a necessary change which needed to be bared in order to improve Bitcoin going ahead.\n\nHowever, we are now introducing Bitcoin Gold. This too, solves the scalability issues of Bitcoin (same as Bitcoin Cash), but also solves the range of mining issues. Bitcoin Gold can be mined using a GPU and this fixes all possible decentralization worries that have haunted the mining community for the past few months.\n\nSo, either we stick with the legacy \"good ol' fashioned\" Bitcoin, which has been adopted by several sites as a valid payment method - OR we choose Bitcoin Gold.\n\nThere is ABSOLUTELY no reason to choose Bitcoin Cash as it is inferior to Bitcoin Gold in everyway. So, if the future doesn't lie with Bitcoin, then it lies with the next best fork. And that certainly will not, EVER, be Bitcoin Cash.![aaa.jpg](https://steemitimages.com/DQmTjNgTWYXn6du45Zi9RzqyAMQZQXp6pQFF6jCJRcFGnrp/aaa.jpg)",
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      "body": "Nice progress on the kids. Hopefully he will create ETH when he's older.\n\nMaybe try and get him to pick up autism somehow, I heard it helps when becoming a successful programmer.\n\nHahaha, gg.",
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      "author": "natalie1",
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      "body": "Enjoyable post Interesting to see I'm not the only one that is thinking about this. The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets.  Personally I always use:  https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins.  See:  https://www.coincheckup.com/coins/Monero#analysis For the Monero Investment research report.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.wired.com/2017/01/monero-drug-dealers-cryptocurrency-choice-fire/",
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      "title": "Why Monero Is The Future",
      "body": "Today 1 Monero costs $94, compared with just 50 cents at the beginning of 2015, and the collective value of all Monero has grown to close to $650 million.\n![](https://steemitimages.com/DQmeCZBC1JdtYZwHytnT1WDdeGEv5HqTqPQpHUuDKaZ4o7p/image.png)\nThe above screenshot shows rapid growth in the value of Monero coins.\n\nLast year, the TOR market Alphabay began accepting Monero as an alternative to Bitcoin creating huge publicity for the ever-growing anonymous coin.\n\nIt is planned that Monero will add the anonymity software I2P to mask not only users' transactions on the Monero blockchain, but also the internet traffic underlying those transactions.\n\n![](https://steemitimages.com/DQmUWtLE6pfrS815f8merQY92cMhGAwWuSNddGopJ9SXgN3/image.png)\nA screenshot from online black market Alphabay showing heroin offered in exchange for either Bitcoin or Monero.\n\n\nIt has been said that \"Monero will no doubt be used in other potentially unsavory ways, too, like ransomware, and as currency for the gambling and porn industries.\" and this type of activity could possibly damage the coin's reputation causing more legitimate users to choose other alternatives such as Dashcoin as these malicious activities are associated with Monero!\n\nMonero isn't the first cryptocurrency designed to offer a financial privacy panacea: Dash integrates the \"Coinjoin\" method to allow bitcoin users to mix their transactions with a few other spenders in what Todd calls a weaker form of anonymity than Monero offers.\n\nWith all this being said - There is certainly an application for a more anonymous coin in the cryptocurrency community at present - And Monero fills that gap..",
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      "body": "With bitcoin and ethereum reaching whole new levels and pulling away from competing cryptocurrencies, we are left with a forky mess to clean up. Some might call this mess a salad, and we need a fork to clean this up.\n\nSo what is a 'fork'? The term derives from open source programming and has been popularized by GitHub (an open-source and collaboration website used by millions). A fork is when a piece of open source code is replicated and then changed/updated to create additional features or fix existing issues. With bitcoin being an open source project with a development team - It comes as no surprise that the project must be forked to solve the existing blockchain issues.\n\nI personally believe that the blockchain is not the future. Tangle, a blockchain alternative used by IOTA, offers free & instant transactions. This is a much better solution than the blockchain which requires confirmations, charges fees and stinks of a rusty, old project which needs modernization. The solution to our problems was said to be bitcoin cash. It solved the long waiting problem but didn't solve the transaction fee problem. But we don't really mind paying fees to prioritize transactions, so a large number of community members invested into Bitcoin Cash.\n\nNow we hear talk of a new fork to solve existing decentralization issues. With it not being possible for everyone to mine bitcoins off their GPUs, we have the issue that large companies are mining bitcoins and nobody else is - Causing Bitcoin to become centralized.\n\nSo what is the real solution to bitcoin and where will we be in a few years?\n\nThe answer to this question is: NOT WITH BITCOIN. The development team are stuck with a leading crypto and are hesitant to sway away from it. The solution would be a decentralized cryptocurrency with instant and free transactions which would offer anonymity similar to the likes of Monero & DASH.\n\nMy friends, the solution to our problems has been right in front of us all along. IOTA is our saviour. Invest now before it's too late!",
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