By now you have heard of Bitcoin or know someone who has. Bitcoin began the year at $430; it is now around $610 after peaking at $783. How are your stocks doing?
For the uninitiated, Bitcoin, and other digital currencies (aka crypto currency or altcoins), is at its core simply a line of code, the transaction, residing on more lines of code, the Blockchain. The Blockchain is Internet-based and is responsible for enabling Bitcoin to function as a global exchange.
The initial killer benefits of trading crypto currency include: instantaneous transactions, nominal fees, no banks or third parties, and no government.
Bitcoin is a global currency. Sending Bitcoin to someone in another country is no more costly than spending it at the local pub.
Bitcoin was the first digital currency though certainly not the last.
CoinMarketCap lists over 300 alt coins that trade daily and over 700 total.
Today at sites like Bittrex.com and Poloniex.com you can now Bitcoin to trade many of these other cryptocurrencies. Dollars, Euros, etc. are currently not allowed. To “play” on these exchanges you need to turn your FIAT currency into Bitcoin and then transfer the Bitcoin to the specific exchange of your choice. In the US this means registering with a US-based exchange like Coinbase or Gemini.
Crypto Currencies are the New Penny Stocks
Like penny stocks this is very risky stuff. You could loose your entire investment under the following circumstances:
- The company goes bust or it was a scam to begin with;
- You’re hacked;
- You forgot the password to your digital wallet and did not back it up.
As with the trading of Penny Stocks many of the same rules apply:
- Don’t play with more you can afford to lose.
- Set your price with a limit order.
- Do your own due diligence
A certain technical expertise is required to participate. In the old days we would say if you can program your VCR you’re ok, today the equivalent is if you can trade stocks from your phone, you can figure this out.
Also as a final word of caution, like Penny Stocks, most are crap and you could lose considerable amounts quickly. Start small and learn how to transfer the different coins to you own digital wallet. Lastly, it is never wise to leave large amounts of currency on the exchanges (Mt Gox and Bitfinex are two lessons learned.)
The following are some useful links to get started:
Crypto-Currency Market Capitalizations (Top 100)
Crypto-Currency Due Diligence
AltCoin Discussion Forum
CryptoCompare (Forums, Coin Descriptions, Prices, Portfolios)
Top 10 Commandments of Trading Cryptocurrency
Top Digital Currencies by Market Cap as of 10/2/16
(According to CoinMarket Cap and coincap.io)
$100m and over
Bitcoin (BTC) – https://bitcoin.org/en/
Ethereum (ETH) – https://www.ethereum.org/
Ripple (XRP) – https://ripple.com/
LiteCoin (LTC) – https://litecoin.org/
Monero (XMR) – https://getmonero.org/home
EtheriumClassic (ETC) – https://ethereumclassic.github.io/
$10m and over
Dash (DASH) – https://www.dash.org/
Steem (STEEM) – https://steem.io/
NEM (XEM) – http://nem.io/
MaidSafeCoin (MAID) – http://maidsafe.net/
DigixDAO (DGD) – https://digix.io/
Dogecoin (DOGE) – http://dogecoin.com/
Lisk (LSK) – https://lisk.io/
Factom (FCT) – http://factom.org/
Waves (WAVES) – https://wavesplatform.com/
Stellar (XLM) – https://www.stellar.org/
Emercoin (EMC) – http://emercoin.com/
BitShares (BTS) – https://bitshares.org/
Synero (AMP) – http://www.synereo.com/
SingularDTV (SNGLS) – https://singulardtv.com/
Peerplays (PEERPLAYS) – http://www.peerplays.com/
Nxt (NXT) – https://nxt.org/
Counterparty (XCP) – http://counterparty.io/
$5m and over
Bytecoin (BCN) – https://bytecoin.org/
Siacoin (SC) – http://sia.tech/
ShadowCash (SDC) – https://shadowproject.io/en
Storjcoin X (SJCX) – http://storj.io/
Peercoin (PPC) – https://www.peercoin.net/
Tether (USDT) – https://tether.to/
GameCredits (GAME) – https://onlinegames.credit/
Bitcrystals (BCY) – http://bitcrystals.com/
Agora Tokens (AGRS) – http://www.idni.org/
I/O Coin IOC – http://iocoin.io/
YbCoin (YBC) – http://www.ybcoin.com/
There are 34 total coins with market caps over $5m. Those under $5m total around 450.
Top Exchanges to Trade Altcoins
Bittrex.com Based in U.S.
Bleutrade.com Based in Brazil
C-Cex.com Based in Germany
Kraken.com Based in U.S.
Poloniex.com Based in U.S.
Yobit.net English Russian and Chinese Translation (Russian business, Registered in Panama, Using server in San Francisco)
~ Achieved record quarterly revenue of $8.9 million
~ Gross margin expanded 5.5 points to 23.9% of sales
~ Operating leverage drove operating income growth to $1.2 million
~ Net income of $1.1 million increased $1.8 million over a net loss in prior-year period
~ Raised third quarter 2016 revenue guidance to over $9.0 million
~ Uplist to OTCQB Venture Market scheduled for August 22, 2016
DEERFIELD BEACH, FL, August 15, 2016 – Capstone Companies, Inc. (OTC: CAPC, CAPCD) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today reported its financial results for the second quarter 2016.
Stewart Wallach, Capstone’s CEO, commented, “Our strong results for the quarter, with record revenue and solid profitability, reflect the great execution of our growth strategy by the Capstone team. Momentum continues to build with a growing number of consumers purchasing and enjoying our products at record levels. The holiday shopping season is our strongest period in the year, and we are expecting third quarter revenue to meet or exceed what we reported today for the second quarter.
MONTREAL, QC–(Marketwired – July 07, 2016) – Siyata Mobile Inc. (the “Company” or “Siyata”) (TSX VENTURE: SIM) (OTC PINK: SIMFF) is pleased to announce that its recently acquired subsidiary Signifi Mobile and its portfolio of Uniden® cellular boosters posted ~$450,000 top line revenue in June 2016, representing a ~29% increase in sales over May 2016.
The increase in sales resulted from a combination of online marketing efforts, joint promotions with national retailers, and growing custom installation contracts with commercial clients.
Marc Seelenfreund, CEO of Siyata, states, “We are very pleased with the immediate results of our online marketing and joint campaigns with national retailers. It is very clear that when consumers are shown a cost-effective solution for poor cellular coverage, they become buyers of our boosters. Being fully capitalized allows us to expand and grow our revenue very methodically through increased marketing efforts.”
The following is a Q & A with SolarWindow Technologies (WNDW) President and CEO, John A. Conklin
1. SolarWindows are created by applying ultra-thin layers of liquid coating onto glass and flexible plastics. Are there any other substrates you are looking into? Any other uses?
No, at this time the commercialization of SolarWindow focuses on glass and flexible plastic. Plans to coat on substrates other than glass and flexible plastic is planned but not near term.
Commercial development of the SolarWindow products include:
• SolarWindow™ – Commercial, Structural, and Architectural Glass (Commercial) – Flat glass products for installation in new commercial towers under construction and replacement windows, glass walls and curtains, and textured and decorative interior glass walls, room dividers, etc
• SolarWindow™ – Residential – A window glass for installation in new residential homes under construction and replacement windows
• SolarWindow™ – BIPV – Components associated with BIPV applications in homes, buildings, and office towers
• SolarWindow™ Retrofit & Flexible Veneer – Transparent, tinted, and flexible veneers that installers can apply directly over top of existing windows on tall towers and skyscrapers
Our primary focus is first on the development and deployment of SolarWindow™-Commercial products.
11/5/15 VODG went up 121% today after posting this press release
Concussion and traumatic brain injury (TBI) are significant health risks that lack modern therapeutic approaches beyond physical therapy and rehabilitation. The TBI incidence in the US is 1.5 to 1.7 million new cases per year and is estimated to cost $75 billion per year in the US only. Concussion is a growing issue within professional athletes including the NFL where significant health problems are derived from football-related concussion. Military service personnel and numerous others are also significantly impacted by TBI. We began development of stem cell activation technology and products during 2014 and expanded these activities in during 2015 to include treatment of concussion. We have developed patent-pending technology for treatment of neurological conditions through the activation of stem cells residing within the body. This is a process for administration of stem cell therapeutic benefit without stem cell transplants.