***13/APRIL/2013 EARN BITCOINS EARN FREEDOM***
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Donate: 1HLuzy2nEqHJDgyHhsAajjqNnwxD4J5QS4
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- THE BITCOIN WEEKEND TRADER -
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This report is opinion only and should be
treated as that. Trading in bitcoin involves
risk and profit is not guaranteed.
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-MARKET---------------------------------------
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The end of the week brought with it and end to
the month long upwards spike. A sudden crash
from a high of USD$266 to almost below
$50 again.
Some speculators see a further fall below $50.
Now could be a great time to buy, but know that
it comes with a risk of the currency still
falling further.
Be prepared to sit out the trough long term if
you are expecting prices as high as recent times.
Part of the crash that has affected the prices
is said to have been caused by a market stress
test from the commercial banking industry. They
no doubt will have a vested interest in bitcoin
so be prepared for further risk.
Even if the value drops to $50 however, remember
that this is on par with the value of this time
last month. Do not panic sell just yet.
Bitcoin is increasingly hitting mainstream media
which means and influx of new users, but also
increased panic as people make trades without
understanding the peculiarities of the currency.
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BITCOIN IN THE NEWS
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CNET | http://cur.lv/m931 | Bitcoin drops ...
YAHOO | http://cur.lv/m8vt | Bitcoin bursts ..
BBC | http://cur.lv/m8vu | Bitcoin panic ...
3NEWS | http://cur.lv/m8vv | Bitcoin bubble ..
CBS | http://cur.lv/m8vw | Bitcoin nosedive.
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With the fall in price, whether it be short term
or not, the websites offering free bitcoins for
viewing ads and completing tasks have begun to
increase the size of their payments again.
The value of bitcoin is what we perceive it as.
To those that earn bitcoin slowly, the value is
the time they have spent earning.
To those that have mined the value comes from the
cost of the hardware and the electricity consumed
during mining.
To those though that have purchased bitcoins and
are trying to make a quick buck by buying and
selling, caution. The currency is subject to
natural fluctuations like this. This is why you
need to diversify your holdings.
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Earn bitcoins at these sites
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Easy Bitcoin | http://cur.lv/llcf | multiple
Coin Visitor | http://cur.lv/llcg | surfing chat
Bit Visitor | http://cur.lv/llch | Paid surfing
CoinAd | http://cur.lv/llci | Faucet & chat
Cointube | http://cur.lv/llcj | Paid videos
Bitcoin Get | http://cur.lv/llcr | Paid Tasks
Coinreaper | http://cur.lv/m9ic | Faucet links
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Using all these sites is how you maximise how many
Bitcoins you have. They may be small amounts now
but your earnings will build, Bitcoin will be
worth more again in the future.
Some believe it may spike above USD$1000 by the
end of the year.
Remember too that the Bitcoin chats available on
some of these sites are where the freshest news
about Bitcoin becomes available first.
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Alongside Bitcoin, the alternate cryptocurrency
Litecoin has also fallen in value. It's value
is now sitting around $1.39. Having reached highs
in its usual fluctuations to $4.8 earlier in the
week, Litecoin will no doubt rise in value again
alongside bitcoin.
This alternate currency is not as popular as
bitcoin and should be left to the adventurous
and experienced. Mining is a safer option than
trading, and it can be easily mined on a cpu.
Find out more: http://bitbin.it/6WCYy1cS
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With the Cypriot banking failure largely being
beneficial to Bitcoin adoption, some have been
trying to draw links between other international
matters.
To those entrenched in bitcoin this is last months
news, But the existence of the first Bitcoin ATM
is not something to be ignored.
It also shows how Bitcoin has the power to question
unpopular financial decisions.
Bitcoin is still young, and the exact consequences
it will have are still unknown.
To those that are using Bitcoin to escape taxes,
consider whether this moral. Using Bitcoin for
nefarious purposes also tarnishes its reputation,
and thus its value.
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BITCOIN IN THE NEWS
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WIRED | http://cur.lv/m92x | First Bitcoin ATM.
Finextra| http://cur.lv/m92z | Cyprus, Bitcoin ..
Theweek | http://cur.lv/m930 | Cyprus banking ...
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Remember that bitcoin is neutral to these matters.
What is important however is that the $USD and the
Euro are both unstable due to their own financial
crises.
There is money to be made in bitcoins just as there
is money to be made in foreign exchange trading,
but it comes with the same risks, if not more.
War and instability are not good for any economy,
and famine, rationing etc. are byproducts of war.
To make income, you want economies to grow.
The only sectors that make income during a war are
arms dealers and engineering.
Expect tech sectors to be blown out in future wars.
Communications networks will be shutdown and bitcoin
may not be able to be transferred.
Fiat too will lose money, hence why if you predict
instability, investing in gold is an option.
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Invest in metals for stablity and freedom
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http://cur.lv/m9ky | 1 gram Gold
http://cur.lv/m9l0 | 1 oz Gold
http://cur.lv/m9kz | 1 oz Silver
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-HARDWARE----------------------------------------
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ASICS will be required for the next generation of
mining. This will render GPU mining worthless and
make having an ASIC vital.
However before you rush to purchase an ASIC think
about the shipping time. Orders made now will ship
well after July.
Because the current waves of shipping are already
underway the overall difficulty of mining will
increase, making the G/Hashs of the current models
not as valuable as they currently are.
New blocks can only be discovered at a set rate.
But do not frown at ASICS, overall the release of
their improved hardware, specialised for bitcoin
will make the bitcoin network more efficient and
less power hungry.
But the model of ASIC you order now, will overall
perhaps not earn much more than a GPU does currently
once thousands of the machines are deployed.
Once this happens however, a new generation of miners
at cheaper prices may become available, so then it
may become profitable to mine again.
There is much speculation about whether this company
actually ships. There are rumours that the first
orders may have shipped, and some pool users have
recently increased their hash rates significantly.
As pointed out, their ability to generationalise
their hardware and sell in waves will be a key
to their continued profit as a company so they
are unlikely to dump and run as some paranoid
speculators have pointed out.
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If you want to purchase and ASIC anyway. The company
selling them is Butterfly Labs. http://cur.lv/m8vs
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-SPEND YOUR COINS ----------------------------
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Spend your bitcoins at the bitcoin store.
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http://cur.lv/m9mx | Bitcoin store
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Purchase computer and electrical items using
your bitcoins at super cheap prices. Help them
in their goal to raise funds to keep their
prices low.
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http://cur.lv/m9ox | CoinAbul Gold trader
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Coinabul accepts payments in bitcoins, some pieces
are cheaper than others. Do your research on gold
prices. There are good deals to be made by using
bitcoins and gold together.
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Don't feel you can earn enough bitcoins to make
it worthwhile cashing them in?
Why not consider using them as a microtip for
bloggers who accept donations in bitcoin.
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Gamble
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http://cur.lv/m9ow | Peerbet
http://cur.lv/m9oy | Bitmillions
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If you have small amounts of bitcoins and feel
like taking the risk, there are plenty of sites
that allow you to gamble your bitcoins away.
Consider donating to others or making charitable
donations with your bitcoins too.
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Donate: 1HLuzy2nEqHJDgyHhsAajjqNnwxD4J5QS4
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- MAY THE COINS BE WITH YOU -
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