A Sapphire Favorite
I have featured the Ubix Network previously, as I believe there is still significant upside for this project. I managed to gain a very early entry to UBX, so I am up about 50X (5000%) from my entry point. Investors who bought the top in April of this year are obviously not so happy about the current price. There is however hope for these peak buyers, which we will take a look at in a moment.
Although the market cap is not visible on CoinGecko, it is available on the official Ubix site. At the time of writing, the market cap is just short of $31 million, which is still very much in the arena of a possible moonshot! I have noticed that the daily trading volume is increasing, which is generally between $1 million and $2 million.
Today the 24-hour trading volume is approximately $3 million. Other projects that are in a similar market cap allocation are generally trading a couple hundred thousand dollars a day, giving UBX a bit of an upper hand in that arena.
The daily dividend or airdrop of 0.10% is also an important factor to bear in mind when it comes to this project. This is a great return, especially if the price of the token increases exponentially. The team appears to be making progress and moving towards the completion of its roadmap.
The team has been working on this project for approximately 4 years and has taken each step meticulously. You can keep up to date with their progress via the official UBX Twitter account. Looking into the charts currently also happens to paint a rather encouraging picture.
Possible Double Bottom
One of my favorite bullish reversal patterns is a double bottom, otherwise known as a “w” pattern. Looking at UBX on the weekly chart reveals the possibility of a massive double bottom playing out. The current price of UBX is approaching the neckline of this pattern.
A confirmed breakout above the neckline could in fact signal the start of a very bullish rally. The UBX price is currently up 12% today at the time of writing. Completion of this pattern could see UBX rally hundreds of percent and hopefully signal the attention of a broader spectrum of altcoin investors.
Understand The Risks
Either way, my UBX bags are packed and thanks to a great entry point, my holdings are fairly safe in the event of an unexpected crash! Trading and investing in micro-caps such as the Ubix Network can be very rewarding, especially if the proposed scenario plays out.
However, these sized projects are always risky and you need to acknowledge and understand the risks involved. Crypto is volatile and many of these smaller projects simply don’t survive!
I have a nice-sized bag of UBX and so am quite happy to sit and wait for this pattern to hopefully play out. In the event that prices move lower, I may increase these holdings on signs of a bullish reversal.
Do You Remember The Previous Cycle?
If you were involved in Crypto back in 2017 and early 2018, you will remember that something quite significant took place. Ethereum came very close to flipping BTC and laying hold of the Crypto crown. However, it was not the case, as alts began to shed their gains in 2018. BTC reached its peak in December of 2017, while alts continued on into 2018 before the crash triggered. Had alts continued to rally a little longer, the outcome could perhaps have been different.
Currently, we are well into this cycle and the price action is once again suggesting that ETH could realistically flip BTC.
Current Market Cap
The market cap of BTC is currently over $1 trillion, which was last seen in May of this year. As seen in the screenshot below, the actual market cap at the time of writing is $1,115,633,232,323!
ETH on the other hand is really not that far off, as it is almost at the half a trillion-dollar mark! At the time of writing the ETH market cap is $446,190,048,825.
If you are familiar with altcoin price appreciation against BTC in a bull market, you will understand that this is not really much of an ask at all. From this metric alone, it is extremely likely that this scenario plays out this year, or in early 2022!
Development On The Ethereum Network
Since the early days of Ethereum, the network has seen some significant upgrades and developments. These developments have mostly taken place quite recently and though most likely priced into the current Ethereum price, I believe they still have a bullish effect on the price.
The most significant being EIP-1559, which went live on the 5th of August this year. What makes this upgrade so important is that it actually changes Ethereum’s monetary policy. EIP-1559 incorporates the burning of the base fee, which creates a deflationary dynamic.
ETH 2.0 staking also has a quite a significant amount of ETH locked up in the staking protocol and pools. There is currently almost 7% of the current supply locked in the ETH 2.0 staking protocol.
All of these dynamics begin to work in unison and eventually cause the price to rise. There is obviously a lot of excitement in regards to ETH being the base layer of a new economy, as well as DeFi and NFTs.
Don’t Be Shocked
At the end of the day there is a lot going on for ETH and if you wake up one morning only to find ETH at the number 1 spot, you shouldn’t be that surprised. It may well happen during this bull market. However, if the market is met with another significant crash, it would probably be a short lived victory. I guess we will have to wait and see. Just remember that it is a strong possibility that should be factored in.
Bitcoin Is Not Gold 2.0 – So What Is It?
It is more than a year ago since I posted “Bitcoin Is Not Gold 2.0 – So What Is It?”. I think many who read it did not really agree with my thesis. However, it is now proving to be an accurate prediction. In hindsight, it is always easier to make bold statements but predicting market trends and shifts is at the heart of good investment disciplines. If we look at what I suggested in that article, we can see that my thinking was that gold would begin leaking as a store of value. I did not actually expect it to begin playing out as quickly as it has. However, when we examine the data, it will be quite clear that is exactly what is happening right now.
Let’s Look At The Data
Firstly, let’s view the gold chart, focusing on the past 12 months. There has been pretty much no price action for gold in a time and scenario where gold should be rather appealing.
Over the past year, gold has lost approximately 6%, which is actually contrary to what everyone was predicting. However, not contrary to the predictions made in the post from 2020. It often gets quoted that past performance is not indicative of future performance. For some reason, many people believe that this is not applicable to gold. I will agree that the longer the performance period, the higher the likelihood that it continues but that does not guarantee continuation.
Logic & Mathematical Principles No Longer Apply
Markets that have been pushed up in “value” by the effects of money printing, due to the majority of this freshly printed money making its way to the stock market. This is not really a realistic valuation at all. Already in 2020, companies were filing for bankruptcy while their share prices were soaring. The argument of intrinsic value is often put forward to try and discredit BTC.
This is rather amusing when that argument actually applies to the majority of the stock market. In the case where a company share has an enormous valuation and is simultaneously bankrupt is evidence of that. This is the reverse methodology that many praise Buffet for. He is known to seek out companies with a low market valuation, while simultaneously having significant fundamental and intrinsic worth.
The principles that once governed markets are literally operating in reverse.
Gold Vs Bitcoin
Looking at the same time frame for Bitcoin is a completely different scenario. BTC is up approximately 500% for the same period and is still likely to see further significant upside this year.
The Bitcoin chart is aggressively bullish, even if the market was to correct significantly, it still reflects tremendous growth over a very limited time period. There is obviously a fair amount of capital leaving gold in favor of Bitcoin. As mentioned in the original article, an asset would be required that actually goes beyond preservation and actually multiplies its own value over time.
Bitcoin – The Appropriate Asset For The Future
To quote a section from my original article in August 2020:
What I am suggesting is that even when the price of gold skyrockets in the upcoming hyperinflation, it will start to lose steam. The ascent will be so steep that gold will eventually be unable to stay on par in terms of value. The discrepancy may not be catastrophic but I believe that it will cease to be able to store value. It will become outpaced and we may see gold leak value by a couple of percent a year.
This is exactly what we are now beginning to see. Due to inflation and monetary expansion, gold needs to actually appreciate by a minimum of 20% per year in order to maintain its store of value status. The true figure is most likely a little higher. This is exactly why Bitcoin is currently the best asset going forward. A borderless store of value and value transfer that is simultaneously property and multiplies its own value over time. This dynamic is largely due to the halving and seeks to repeat by design.
BTC Is Busy Dethroning Gold
Bitcoin may be more than a store of value and offer other use cases but that does not mean that gold investors are not going to migrate over to BTC. For them, their requirements are met in the form of BTC. Statistically, you need to hold BTC for a number of years in order to experience exceptional growth but gold investors also hold gold for multiple years.
This makes it an attractive alternative to gold with more immediate and long-term perks. With gold losing its edge, BTC is clearly the asset that stands first in line to receive gold outflows.
A Working Product
Axpire provides software solutions for enterprises and businesses, with a suite of services that are already being utilized by clients. The AXPR token has been trading since February 2018 and has seen an ATH (all-time high) of $0.08. The current trading range is between $0.009 and $0.015 and currently has a market cap of approximately $3 million.
Is That A Typo?
Yes, that is a market cap of only $3 million! This is one of the largest contributing factors in selecting AXPR as a potential altcoin gem. Projects that are in the vicinity of even $450 million are to a large extent still unnoticed. A move into this market-cap arena would cause a 150X appreciation in the value of AXPR. The fact that Axpire is a working product, already providing services to clients removes partial risk.
Many projects that are valued in this arena are nothing more than a suggestion. There is no real product or use case. Futhermore, nobody is actually making use of any service connected to them. They are merely hot air, offering nothing and yet expecting market validation.
That Is A Double Confirmation
So, the project has the perfect market cap needed to realize significant gains. Compound that with the fact that there is not only one service currently being provided by Axpire but a handful of services. These services are currently being utilized by clients and the team is about to roll out a new product, PayBX!
This was scheduled for third quarter release but has seen a slight delay unfortunately. I say unfortunately because no matter what the reason, it is usually always interpreted negatively by the market.
Axpire Product Suite
Axpire Expense Core is service to simplify expense management with automation, and other features such as creating expense reports with voice-to-text, as well as OCR scanning of receipts. Also included are electronic invoices through the e-billing portal. A dashboard also offers data analytics and reporting through which performance can be monitored through various metrics.
Bilr is a time tracking and legal billing software for law firms. The software aids law firms, and attorney’s bill for their work, as well as automate repeat tasks.
Digital Shares is a trading platform for digital assets. Digital shares creates liquidity into usually illiquid assets such as real estate and art. This is an alternative source of capital funding that provides instant liquidity. This service is scheduled for release in the fourth quarter of 2021.
Staking & Burning
The AXPR token is currently an ERC20 token with staking benefits of 40%APY! The AXPR token is bought back with 5% of revenues and used for token burns, ultimately providing greater value for the token as business increases. Staking can be accessed via the general staking pool or via the Uniswap liquidity pool. Currently, the best exchange to purchase AXPR is KuCoin.
Underlying Bullish Factors
Recently Axpire secured a client in the form of a Top 10 global hedge fund. This is extremely bullish for the validity of the company. Axpire is currently not able to disclose the company’s name but it is still very good in terms of displaying that the products on offer are actually attracting serious companies.
Roger Ver of Bitcoin Cash is also on the advisory team, which is quite positive, as I am sure Roger turns down a number of these requests almost daily. Axpire also has a sister company known as LSG, which has worked with some real heavyweight names over the past 17 years.
Companies such as IBM, Nike, Coca-Cola, KFC, and many more. As a result, Axpire has access to additional support from LSG and in a way has a safety net in the form of additional resources.
These are just some of the factors and fundamentals that make Axpire a suitable option for significant gains in the future. I am personally building a position in this project as the price action warrants. By doing this, I protect my entry point and minimize the chances of significant loss. However, please do your own research, especially in the case of micro-caps.
Stability trumps random rewards that may in fact disappear. This is an aspect that so many do not fully explore. A lot of content creators avoid Hive and other second layers such as Leofinance due to the fact that it is initially quite difficult to gain any meaningful traction. Posts can sometimes slip past unnoticed, even if they are informative and of a decent caliber. However, quality does eventually gain recognition.
The Hive model does offer the best long-term prospects in regards to stability and rewards. It is not reliable upon outside sponsors or companies and therefore has an edge that I find paramount. Independence is at the heart of my own economic construct and though complete Independence is not very realistic, it is important to have as much of it as possible.
I recently mentioned on Noise.cash that I had a large Twitter account (11K) that got suspended in 2017 because I was tweeting about ICO’s. If Twitter is a primary part or mechanism in your own construct and that happens, you are done!
The same can be said if you have a primary source of income that is reliant upon sponsorships or alternative monetary creation. If those contributions dry up, so do your earnings. This is where the Hive economic model makes so much sense and is given validation.
Hive Is All About Building
The community has to be committed in order to grow and remain relevant. Fortunately, that is actually the case. Dedicated members of the community realize that in building Hive, they are building up their own economy as well. This is a highly attractive aspect that is very unique and is only possible due to the way Hive is designed and operates.
In most cases, the entity wins the majority of the time but in the case of Hive, it is different. The entity and community are the same people. This creates a powerful dynamic because the motivation is unparalleled. It is a true case of a win/win scenario, which I love!
Tribes & The Multiplication Factor
Tribes are basically second-layer solutions that have their own native token. Many may not be aware of this but when making use of Tribes, you are in essence posting to multiple platforms and earning multiple tokens.
Posting an article on Hive, users can tag in certain Tribes, enabling them to earn HIVE, LEO and a multitude of other tokens as their posts are also visible on the second layer. For instance, I may earn $12 for my post on Hive. If I simultaneously posted to Leofinance as well, I could earn a second $12, in some cases more and others less.
Essentially, I am multiplying my earnings by utilizing the second layer and receiving the applicable tokens as a reward. Hive is an economy that is built upon a tokenomics construct that works and is rewarding.
Just because a platform rewards users with Crypto, does not necessarily make it a decentralized entity. Similarly, not every Crypto project is decentralized. This is a more common misunderstanding than you may realize.
Protecting Your Interests
By making use of a more decentralized model, you are protecting your property and contribution. This is why many Youtubers have created alternative backup accounts on platforms such as Odysee and 3Speak! It is wise to make use of as many opportunities as possible. However, it is also wise not to have a considerable portion of your income reliant upon a centralized company or entity. This is becoming more and more important in this ever-changing world. Soon it will become imperative for many. Censorship is becoming a real concern for a lot of content creators.
Commitment = Influence
In many ways, the extent to which you are committed to the growth and development of the Hive ecosystem is directly tethered to the influence you hold. The voting mechanism operates on a weighting basis, which is given relevance by the amount of Hive Power a user holds. Users are required to lock up their Hive in order to gain HP (Hive Power) that enables them to vote and interact on the platform. This is however not an incorruptible design, as users can simply buy HP and gain a dominant weighting.
Something that may become a consideration in the future, is to only authorize earned Hive to be used as HP. I understand that this is counterintuitive to growth and development but perhaps a partial percentage could be considered further down the road. As with everything, balance is very important. Correctly weighting growth against an incorruptible process is also important.
In light of the potential and advantages available to Hive users, I would consider it rather important to ensure, as a content creator, you definitely make use of the Hive ecosystem. The journey of a thousand steps always begins with the first step, there is no escaping it! So best you get started!
It Is Possible
Most people reading this heading would consider it to be clickbait or a flat-out lie. However, it is actually a lot more realistic, once you understand how to create this exposure. Any capital that is invested is at risk, so how do I propose to eradicate this risk? Firstly, an investor needs to take funds of an existing investment or wage.
If I approached you with the capital to invest, your funds would not be required and would ultimately remove all risk. So, we need to find a way in which we can generate income to invest without actually doing anything for it. This seems like an almost impossible task.
Easy Income Still Requires Effort
Many suggest creating content on sites such as Publish0x, or the Hive blockchain. These are great ways to earn some additional income! However, there is still effort required. You may not have to head off to a work location but you will still need to put in the time and effort to create a decent article. The effort is minimal but still present. Some may indeed argue that the risk remains then, as the capital is produced through some form of work.
So What Is The Solution?
The only remaining option is to find a way to monetize the things that you are already doing every day. In other words, to extract capital from the actions that you perform daily. Everybody walks, what if you could monetize your steps? Everybody makes use of search engines every day. What if you could monetize your searches?
We will look at downloading apps and services that will pay you in Crypto, as you go about your day. What needs to be understood is that this a strategy to gain risky exposure, minus the risk. A way to increase the original investment substantially without personal investment.
Keep This In Mind
This is not a traditional hodl approach, although one could utilize the same principle and allocate funds to BTC and other alts. However, considering that the dollar amount being earned is not that high, the gains will not be capable of generating wealth. Over time they would most likely become valuable BTC holdings, but not significant.
I guess it is up to each individual. Do you want to take a bit of a risk, considering it is not really your capital at risk? Or do you want to use these methods to build a modest BTC stack over time?
The Strategy Simplified
The objective here is to use the Crypto earned from these apps to purchase high-risk mico-cap alts that display promise. This is probably the most difficult part of the strategy. It is quite difficult to identify a star before it actually shines. The main reason for applying this strategy to this income source is the fact that the risk is removed. So, effectively we are removing the risk from the riskiest investment approach in the Crypto space.
The Longer-Term View
When it comes to investing in micro-caps, the time frame required is often 2 years or longer. The reason for this is that smaller, unrecognized projects need time for the market to acknowledge them. This is actually a good thing, as it gives a decent window of opportunity. By choosing a handful of potential projects, investors can begin allocating funds in order to begin building positions.
Apps to Utilize
Presearch is a decentralized search engine that pays users for the searches they conduct. In this article, I explained the earning model and made the case that it could be utilized to create BTC holdings. In this instance, it can generate meaningful value over time, as mentioned earlier.
Another app is sMiles, which pays users for the steps they take. Users will need to open the app daily in order for steps to qualify for compensation. Use the code “PrintBTC783” in order to download the app.
Hi Dollar is another application that operates via Whatsapp or Telegram, which pays users 1 Hi Dollar every day. This one will however take about 10 seconds of your time but you can’t really count that as time or work.
Possible Daily Earnings
At the current valuations, the approximate daily income is $2, which is $60 per month and $720 per year. Unfortunately, earnings generated on Hi are only unlocked after a 12 month period, at which point they can be sold and used to purchase alts. The value of these tokens obviously changes significantly from time to time due to the nature of the Crypto market.
Even if you are able to only withdraw your earnings once a year, you can research and distribute your free capital to projects that you have identified through extensive research. Repeat the process every year and revisit.
That’s Too Long
If that seems too long or extremely unattractive then chances are that investment is not your thing. Investments generally take years, even decades to become meaningful. Remove the fact that this investment idea does not require your time or capital, should make it appealing to a person with an investor mindset. This freely accumulated Crypto would approximately be worth $1500 after 2 years of effortless accumulation. This is at current valuations, considering that this can increase or decrease.
Put that into coins that perform a 350X return and you have half a million dollars. Before you say that is impossible, let me give you some real-life examples. I purchased UBT at the end of 2019 at $0.01. UBT recently peaked at $4.22, which is a 422X. I purchased Solana early on in 2020 at approximately $0.26. Solana peaked last month at $213.00, producing an effective return of approximately 820X. This is more than double the returns I am using as an example. Read more about these trades here.
Tomorrow Is Dictated By The Disciplines Of Today
You could always accelerate this by utilizing funds that were generated by minimal effort, that you are willing to write off. There is however one hurdle, you have to select the correct coins. This can be made easier via research and considering the picks of investors who have made accurate calls previously. Once you have amassed a meaningful amount, that capital can in turn be put to work in other investment strategies.
However you approach this investment idea, or not, ensure that you have performed your own due diligence. All the best!
If You Believe The Lie
Most people believe the voice that repeats, as opposed to the accurate voice. Many successful traders or investors who have managed to make it without joining “The Club” will confirm this foundational truth. Understanding and interpreting markets accurately is a matter of emotional intelligence and discerning the game being played.
Once you have a clear objective of what the goal is, as well as how the public and entities will respond, you have the end game. This includes the accumulation of data and technical analysis.
Disinformation Is Born Through Repetition
If you want accurate information, you will have to seek it out yourself. Disinformation aimed at the potential investor is not necessarily information that is false but rather information that is not relevant. Seeking out accurate and relevant information also requires another practice, ignoring the noise. What I consider noise may surprise you! Paying attention to and being aware of what is currently trending is a behavior thought to be in step, contemporary and cool. However, this is something that a good investor shuns. He has already built his position in what is currently trending. He has moved on.
Great Investors Are Not In Step
Wealth and independence are synonymous, they do not manifest without the other. In other words, great investors are not in touch with the current market, they are ahead of it. They have built positions, mechanisms, and models to benefit from the current trends and market moves. They are now building for the next perceived move. Removal of the current noise is imperative and instrumental in gaining a clearer picture of where markets are most likely headed next. In essence, the main principle that dominates successful investments is very simple!
Figure out where the market is heading and then get there first! It’s as simple as that and yet becomes complicated without the discipline of thought and focus.
Content Creation Can Be A Trap
Many content creators within the Crypto space direct their attention to what is currently trending. This is done for obvious reasons. Herd mentality secures them clicks and reads. However, spending time to research and discover a few unknown gems can be way more rewarding than selling out to the flavor of the month. Even a $100 investment in a 400X success story is way more profitable than the best-performing post or article.
Trends Reveal Where Money Has Already Been Made
Trends are reserved for “dumb money”, as the money has already been made. Take Solana for instance, the hype kicked in when SOL broke through the $100 mark. FOMO followed and drove the price north of $200. Currently trading at $143, where is the profit for those who jumped onto the flavor of the month? I purchased Solana at $0.30 and informed readers, shortly after.
If you have been following Sapphire Crypto on other Crypto-based platforms you would have noticed that I addressed Solana some time back. When the frenzy hit, my readers were already informed and were hopefully holding SOL. This is the aim! I have zero concern about trying to jump on the “what’s trending” train. By doing this, exclusive and valuable content is being provided to benefit subscribers free of charge.
An investor looks ahead to begin building positions in what he believes will be profitable and successful. However, this also requires an astute investor to abandon what he interprets as a dead or dying project. This can get very tricky and may often require an initial move that can later be revisited if required.
This can take place quite frequently in the altcoin market and you need to be prepared to cut your losses if necessary. This is why I advocate my approach to investing in altcoins.
Altcoin Accumulation Strategy
One of the worst things an investor can do is to go in guns blazing on a new micro-cap position. These projects are highly volatile and can sink to unimaginable levels over prolonged periods of constant downward price action. My approach is to start with a very modest position, with not much at risk. If the price slides, I will pick up more, provided the long-term view is still intact.
If the project edges higher, I will increase my holdings on significant dumps or bearish price action. In this way, I protect my entry point. In the case where the price goes lower, I am lowering my entry point.
In both cases, I am protecting my capital and removing the element of significant loss. All or nothing is for gamblers. Together with portfolio construction comes capital protection. An investor looks for the safest way to gain exposure to an otherwise risky asset. The strategy that I have mentioned makes that idea a reality.
These pointers are applicable to altcoin investing. It is rather difficult to go wrong by constantly accumulating Bitcoin or even Ethereum for that matter. At the end of the day, success is achieved by doing sufficient research and having a smart execution strategy. Ensure that you understand the investment that you select and are aware of all the potential risks involved. Don’t take my word for it, or anyone else for that matter.
Viewpoint & Creativity
When it comes to the accumulation of Bitcoin, creativity can go along way in generating BTC. Utilizing multiple free services and ideas can accelerate your accumulation of this scarce commodity. However, you actually need to remove the mindset of earning BTC! Any coin or token that can be earned without any to little effort, has the potential of becoming a BTC holding.
These accumulation strategies can then be utilized to generate and funnel funds to your main Bitcoin stack. Moving BTC around is not that expensive these days if you make use of other chains, such as BSC or the Lightning Network.
The Ideal Alternative
As I mentioned in “The Crypto Wealthy Mindset”, trading altcoins can be very effective in building BTC holdings. If you are not actually earning BTC, then you want to accumulate in an asset that will rise exponentially over time. An asset that you can exchange for BTC at a later stage, once the token has increased significantly in value. Presearch’s PRE token fits this scenario rather well! Let’s take a look at PRE’s performance.
PRE Market Statistics
Looking to the graph pictured below, we can see that PRE has had a rather significant increase in value over the past year.
The graph displays the past 12 months and reveals that PRE rose from $0.013 to $0.30! That is a move of 2300% in under a year! This is the type of movement you are looking to predict. Let’s say that you had accumulated $200 of PRE by September 2020. At the recent all time high, your holdings would be worth $4600.
These PRE tokens could have then been sold for BTC on Kucoin or any other exchange. This would make a nice little addition to your BTC position without costing a cent. Utilizing the Presearch search engine daily earns you free PRE!
How Much Can I earn On Presearch?
That is fairly easy to answer, as the earning model is capped. Currently, the incentive structure rewards registered users with 0.10 PRE per search. The maximum paid searches for any 24 hour period is 30, which is fair and easily attainable. At current valuations, this amounts to approximately $22 per month. No additional effort required, simply perform your searches on Presearch instead of Google. Important to note is that as the token appreciates in value the reward in PRE decreases. In other words, long-term users benefit greatly!
While you are waiting for an opportune price to exchange your PRE for BTC, you can continue to earn on your existing PRE holdings. Staking PRE tokens via keywords can display your page or referral program on the front page of that particular keyword search. This can continue to earn you income, making your PRE tokens even more valuable. Token holders can also stake their PRE on Mycointainer, which pays 25% per year on PRE deposits. Mycointainer is a third party staking provider that makes staking easy and accessible for anyone and everyone.
Paid To Research
So if you are researching Crypto online, one of the best moves to make is to perform your research on Presearch. Get paid to learn about Crypto, as well as invite others to join you. Being a Crypto based project means PRE tokens have to be purchased in order for advertisers to push their website to the top of the page. More users subsequently increase competition, which ultimately pushes the price of PRE higher. This happens due to advertisers creating massive buy walls as their buy orders begin to full the order books.
An increase in demand is always great for the price of any underlying asset. A further increase in Presearch adoption will ultimately increase the price of the token, as the market cap proceeds to rise. The fact that these tokens can be attained by merely performing searches online is an opportunity I don’t think anyone should be missing out on!
One Of Many Opportunities
Presearch is not the only opportunity that you can leverage and utilize in order to accumulate free Crypto. Sapphire Crypto is consistently updating and informing readers of how to create Passive Crypto Income. So if passive or easy accumulation interests you, sign up below in order to receive updates on new and available content being published!
Crypto has birthed new ways of generating and creating money. Being knowledgeable of this space is fast becoming a prerequisite to living in the modern world. Once thought of as a money for geeks, is now very much global and becoming more mainstream as the days go by!
Feel free to check out “The Crypto Wealthy Mindset” for more ideas on how to accumulate and grow your Crypto portfolio.
The Authenticity Is Unparalleled
Looking back on the creation and success of Bitcoin, one has to stand in absolute awe as to how this internet based money has developed and grown to achieve worldwide adoption and investment from the highest levels of the investment world. When BTC first reached the $1 mark, it was widely considered at that point to possibly become a form of cash. Bitcoin has gone on to far exceed price expectations and predictions. It has also gone on to be more than cash. A lot of people look at the fees to transact on the Bitcoin network and subsequently decide that BTC makes for a really poor choice of cash.
The lightning network is only now starting to gain some utility and traction, largely due to El Salvador. I have been mentioning in many of my posts that people should stop worrying about the fees on the native Bitcoin chain, as second layer solutions, such as the lightning network would eradicate this issue. Many investors began to look for alternative Cryptocurrencies that could fulfill this use case, not realizing that BTC was equally capable. Transacting on the lightning network is exceptionally fast, as well as cheap! Due to the fact that the lightning network is not for holding BTC but rather spending, I make use of Wallet Of Satoshi. Safety is not really a major issue, as it is for spending. In other words, it is quickly depleted, small amounts are stored and ease of use is paramount.
Wallet Of Satoshi Removing Barriers
Wallet Of Satoshi does all the setting up of payment channels, making it really simple and fast to use. This is pretty user friendly and will help aid in the adoption of lightning in my opinion. Compound the fact that BTC had no premine, no ICO and was the first of it’s kind! It is clear that BTC has established itself and secured it’s future by attracting enormous institutional investment. There is no doubt that there are other very important Crypto projects out there with amazing use cases. However, BTC has now established itself beyond question and due to the halving mechanism, guaranteed future growth.
The Domino Effect
You cannot argue the data when it comes to the effects of halving events. In this I am referring to other coins apart from BTC. The BCH halving had very little effect, if anything at all. LTC had a short, yet modest effect. At the end of the day it is the BTC halvings that are providing a life source to altcoins. Altcoin lovers who hate BTC are like human beings that hate oxygen. You don’t get more counterintuitive than that. My view is, respect BTC for the role and significance that it plays and have your altcoins. After all, I too hodl loads of alts!
A biased view will get you nowhere. However, an accurate view, whether you like it or not holds the key to success. When it comes to markets, trading and investments there is only one thing that is paramount and that is being right! It is all about getting it right, the majority of the time. Silly little biases are foolish and ultimately keep investors in the red. To interpret the market accurately means that you have to view it as it is.
A bias is a personal view of a certain individual or group of individuals of how they believe something should be. The problem here being idealistic interpretation, which is unfortunately not realistic. A real interpretation is an accurate interpretation, which is unattainable when there are bias views in the equation.
A True Anti-Fragile Asset
When it comes to anti-fragility, Bitcoin fits the definition to a tee, making it a very unique and attractive asset. This is especially true in the current global and economic climate. The more an anti-fragile asset is attacked or exposed to harsh economic conditions, the more it benefits. It can be said that an anti-fragile asset not only benefits from a shock but is almost dependent on it.
What does this mean for Bitcoin? It means that BTC actually thrives in turmoil, in chaos and in economic insanity. With the acceleration of quantitative easing and excessive money printing, BTC has actually found assistance in a climate that would otherwise destroy conventional assets. This is extremely bullish! Add to it the shift currently taking place in value transfer, as well as store of value and things get even more bullish.
This excludes the brilliance of monetary issuance, accomplished by the halving and difficulty adjustments. Add all of these factors together and you have a perfect recipe for tremendous price appreciation.
The Entire Market Benefits
This is not an exclusive sequence of events! The Bitcoin effect has a knock-on effect on the entire market, causing altcoins to rise in a similar way that a high tide lifts all boats. This obviously works in reverse as well and a Bitcoin dump will confirm that very quickly! Over the long-term, hodling BTC has always proven to be a wise approach. The accumulation of BTC is imperative for every Crypto investor and deserves an allocation in every portfolio.
As we look to the final leg of this bull cycle, we are all watching Bitcoin. This serves as a reminder of how pivotal Bitcoin is in the grand scheme of things. I hope that this helps to focus your perspective and view the market that little bit more clearer. The market still needs BTC and until it doesn’t it is best to come to terms with it and strategize accordingly.
Dopamine is a new wallet that has recently launched, sporting over 1 million downloads prior to the distribution of the DOPE token. The mobile wallet and app aims to marry DeFi and self custody, as well as market related applications. Crypto users who missed out on the SafePal airdrop may well be attracted to Dopamine, as there is also an airdrop scheduled. The distribution of the DOPE token is calculated by the number of points earned by users. These points are currently earned via the referral program, which is most likely the catalyst behind the million plus downloads.
However, let’s take a look at what this wallet has to offer and if it is really worth having on your phone. There are a number of great options out there, such as SafePal and Trust Wallet, so Dopamine really needs to prove itself!
Some Of The Key Features Of Dopamine
Looking at the interface of the Dopamine wallet, it is fairly slick and inviting but at the same time lacks a certain something. It is most likely due to it being more of a DeFi focused wallet, rather than a multi-coin wallet. There are non-custodial wallets for Bitcoin, Ethereum and others. There is a built-in DEX, swap engine, which keeps your trades in-house. This is always a great addition to any mobile wallet.
Staking and farming are available from within the app! This could prove to be beneficial but not necessarily essential, as farming is already a process initiated and controlled via a non-custodial wallet of some kind. Price data, metrics and charts are also available in-house, allowing you to conduct research from within the app. The Dopamine wallet/app does seem to have a few attractive features. However, we still need to see these services fully utilized by Crypto users and the community in general. Below are some of the additional services that have been incorporated into the app.
There are a few resources here that I personally utilize on a daily basis, so I guess it is fairly handy to have them all in one place. My initial take on Dopamine is an all or nothing outcome. It either takes off, or it just floats along with a moderate amount of users. I guess time will tell.
I have not personally used the wallet but have spent some time exploring the product. So, from a user experience point of view, I am unable to comment at this stage. When it comes to DeFi, the wallet currently supports Fusion, BSC, ETH, SOL, ALGO, ADA and Huobi.
There are apparently more to be added in time, so we will have to wait and see what the project delivers. I think that this is my general viewpoint of this product, I want to see how it delivers and how Crypto users take to it.
The Use Case For The DOPE Token
There are a number of incentives and motivations for users to hold and acquire DOPE. As with other “exchange type” tokens, fee reduction is one of the main use cases, as well as access to otherwise hidden perks. DOPE will also be used for staking, farming and referral rewards. Community governance and airdrops will also be additional use cases for DOPE as the project matures and develops.
Does It Qualify To Be On Your Device?
Well, the fact that referring friends and family will ultimately earn you DOPE is a fair encouragement. You have to also ask yourself whether being able to farm from within your wallet is something that you find attractive. Furthermore, having important resources in one app might also be something that is quite handy to you. For now, I have it downloaded and will most likely give it a test-drive soon.