Month: November 2017

When it comes to making digital currency investments, it is essential to strike the perfect balance within your crypto portfolio, as this will help maximize potential investment yield while also minimizing possible losses. This is often accomplished by diversifying one’s portfolio, as investing in multiple digital currencies increases the odds of striking gold with any one of them, while also reducing the amount that you’re bound to lose when a coin drops in value considerably.

When to diversify your portfolio?

To kick things off, before making a crypto investment, it is important to determine whether you actually need to diversify your portfolio. The best means of judging this is to consider your budget. If, for instance, your capital is US$200, diversifying your portfolio isn’t really worth it. Diluting a relatively small amount of capital among various currencies isn’t a good choice, as value increases likely won’t be big enough to make the investment worth it. Analysts believe that diversification should start with an investment amount of at least US$500. However, more is always better, as it’ll lead to higher profits following price increases.

Dividing investment amounts

Now, if you’re ready to invest a higher amount of capital into digital currency, most diversified portfolios are divided into three different categories:

1. The low-risk category (often cryptocurrencies such as Bitcoin or Ethereum)
2. The medium-risk category (often altcoins with large market capitalization)
3. The high-risk category (often ICOs and low-popularity altcoins that got your attention)

Investment stake in each of these categories will vary, with the highest investment made in the first category providing the smallest risk, a medium-sized investment in the second category, and the smallest investment in the third category. Investment percentages can vary, but most who choose this system aim for 50%-30%-20% or 60%-30%-10%.

Do keep in mind the fact that crypto investments often require consistent work and diversification. Even if initially profitable, an investment made a few months ago may no longer produce any yield today. Therefore, for sustained profitability, crypto portfolios often need adjustments, sales, and new investments.

Based on everything that has been outlined here, how would you divide your crypto portfolio? Let us know your thoughts in the comment section below.

SegWit2x is not wanted in Italy, a joint statement from the local community confirms.

Bounty0x has announced that the pre-sale for the BNTY token will start on Nov. 10 and end five days later. The company completed the development of its alpha platform on Oct. 10 and will use the BNTY token to create a trustless bounties network. At the time of writing, the alpha already has over 500 signed-up bounty hunters.

“We are building a platform where users, called bounty sheriffs, are incentivized to review the submissions of their peers in order to ensure quality and accuracy of submissions” said Bounty0x CEO Angelo Adam. “We recently completed testing our concept with bounty campaigns in the ICO space. The response so far is very encouraging. We are in the process of developing the Bounty0x platform to serve the online marketing, software development and consulting industries.”

The pre-sale price per BNTY token will be $0.032 each and 1.56 percent of all BNTY will be sold during that phase. Contributors to the pre-sale will be purchasing at a 20 percent discount relative to the main contribution period. In the spirit of decentralization, there will be no additional discounts for larger contributors. The pre-sale will start on Nov. 10 and end on Nov. 15, or sooner if the cap of $250,000 is reached.

Contributions in ether (ETH), the native token of the Ethereum blockchain will be accepted for both the pre-sale and public sale.

The public crowd sale will run from Dec. 1 to Dec. 15. Fifty percent of all BNTY tokens will be available to the public during the contribution period at a price of $0.040 each. There is a soft cap at $7mln and a hard cap at $10mln. Unsold tokens are burned.

About Bounty0x

In the short term, Bounty0x is developing a decentralized network where bounty hunters will be able to receive payment in tokens in exchange for completing bounty tasks. With hundreds of new blockchain startups being formed and holding ICO’s every month, this is already a significant market.

Companies and startups will benefit from being able to harness the power of thousands of bounty hunters who are interested in performing tasks in exchange for payment in their native tokens or cryptocurrency.

The ultimate goal is to increase the efficiency of industries that would benefit from a decentralized workforce and bounty-oriented reward model. Some of the first industries Bounty0x is entering are Online marketing, Software development, and Consulting.

Learn More

Check the Bounty0x white paper

Join the Bounty0x Slack

Subscribe for weekly email updates

Follow Bounty0x on Twitter

Subscribe to the Bounty0x subreddit

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Over the last couple of years, Bitcoin-based gambling has become more and more popular, with tons of online casinos now supporting the digital currency. One of the biggest advantages of bitcoin-based casinos is often the fact that they are provably fair. In this article, we will attempt to explain how the general provably fair protocol works, why it’s beneficial to players, and whether it is possible to cheat.

What is provably fair?

Provably fair can be described as an algorithm which can be analyzed and verified by players in order to determine whether the casino is interfering with roll results or if it is fair to the users.

Provably fair casinos often tend to be more trustworthy. That’s because players know they’re not being cheated and consequently are encouraged to bet more.

How it works

At this time, there are several implementations of the provably fair protocol, yet the most common calculates roll results using a total of three variables: the server seed (provided by the casino), the client seed (provided by the player’s web browser, with adjustment possibilities), and the nonce (a number which increases by one after each roll).

On provably fair casinos, before you start gambling, you will be given an encrypted hash of the server seed. As it’s given before the first roll, casinos won’t be able to change it later, yet neither will you be able to decrypt it in order to calculate the results in advance. Your browser will automatically generate a client seed, which you can adjust before you start rolling to make sure that the casino does not know it in advance.

Once you’ve started betting and rolling, these three variables will be used to calculate roll results. While the server seed and the client seed remain the same, the increasing nonce guarantees a different roll every time.

If you wish to verify your roll results, simply request a new server seed. Once this is done, the old server seed will be provided without any encryption. From here on out, verifying roll results is fairly easy. Simply head to a provably fair calculator and enter the variables mentioned above. The calculator will then proceed to give all roll results according to the nonce, so you can simply compare these results with your initial bet outcomes.

The startup behind OpenBazaar has released version 2.0 of its popular bitcoin market, with new features and more user-friendly interface.

Amid news of technical changes to its blockchain, bitcoin cash has continued to rally, reaching a four-day high of $505.90 today.

Driven by greed, major speculative crypto funds began to call themselves ‘smart investors’ and tailor the ICO market to match their own interests.

The Wolves of Wall Street have been stirring the crypto pot again this week by downgrading ratings for chipmaker Advanced Micro Devices (AMD). Citing a faltering cryptocurrency market and a decline in demand for mining in 2018, Morgan Stanley reduced its ratings from equal-weight to underweight for the California based semiconductor giant. The results were … Continue reading Wall Street Downplays Cryptocurrencies after Granting Lower Ratings to AMD and Nvidia

The post Wall Street Downplays Cryptocurrencies after Granting Lower Ratings to AMD and Nvidia appeared first on NEWSBTC.

Things are really starting to pick up in the bitcoin price now. We saw lots of volatility overnight and a degree of short-term consolidation but the overarching trend has been to the upside. Bullish momentum dominated the Asian session and it looks as though this domination is set to continue throughout the early European session … Continue reading Bitcoin Price Watch; Here Are The Levels In Focus For The Session This Morning

The post Bitcoin Price Watch; Here Are The Levels In Focus For The Session This Morning appeared first on NEWSBTC.

Tokenbox, a comprehensive infrastructure solution designed to supply all the trading and compliance infrastructure needed to easily create new investment funds specializing in the fast-evolving cryptocurrency asset class, expects to raise the equivalent of $20 million at its Token Generation Event. The Tokenbox system was inspired by the experiences of Viktor Shpakovsky and Vladimir Smerkis, … Continue reading Tokenbox Sets Mission to Build Legal Secure and Competitive Fund Management Community and Shield Investors from Shady Operators

The post Tokenbox Sets Mission to Build Legal Secure and Competitive Fund Management Community and Shield Investors from Shady Operators appeared first on NEWSBTC.