Cryptos and the Endless Chain of Conspiracies
Dear Crypto Day Trader,
Maybe everything your Roth-IRA and government-bond-toting cousin said is true: You have to be nuts to invest in cryptos. There’s a reason why conservative investors are snickering on the sidelines. After getting whipsawed in a wild swing, you hop back on the Looney Tunes crypto train with your mad grins, supersized optimism, and blind devotion for the next hot coin. The “Buyer Beware” sign with the flashing neon lights just never seems to apply to you. Get real!
But what is real and what is fiction?
Bitcoin Gold
The latest lovechild of dissatisfied coders who no longer believed that the legacy coin, with its technologically divergent upgrade (aka reinvention) through the Lightning Network, represent the original vision for a peer-to-peer, decentralized digital coin, Bitcoin Gold promises a return to the roots. But Bitcoin Gold has some bad juju — aborted ICO, no communication with exchanges, a lackluster premier, questionable safety protocols for exchanges and wallets, sudden rapid price rise, just as sudden rapid price plunge.
The Flippening
When Roger Ver tweets, the crypto world listens. Once the King of Bitcoin, Ver is now the alleged arbiter of Bitcoin’s eminent demise. His followers are apt to point out signs of the Flippening, the tipping point between Bitcoin and Bitcoin Cash when the latter supersedes the former as the #1 Crypto, looking for cracks in Bitcoin’s transaction performance, market stamina, and hash power.
A new Pastebin document predicts the Flippening will actually happen on Thanksgiving.
Bitconnect
Even if it’s a scam, you can make mad cash. That seems to be the prevailing sentiment about Bitconnect, the coin that has topped a number of lists for its high returns. Visiting the Bitconnect website and watching their promo clip makes you feel like you’ve just crashed an episode of The Voice as they announce their winner! You can also download their ROI spreadsheet to calculate your earnings. But what is Bitconnect and what does it actually do?
BitConnect allows you to be your own bank in a way by lending out bitcoin. You cannot trade fiat for BCC so you must purchase Bitcoin and exchange that for BitConnect. BitConnect will start giving you a specific rate of return. — Coinpupil.
If you’re interested in BitConnect, read the full page on Coinpupil.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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