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How to GET Bitcoins in Africa and South America and WHERE to INVEST it in
Recently, i've been getting questions from most readers of
this blog, informing me of the difficulty in Africa and South America with
regards to buying and selling of bitcoin where they are. Amongst the many
questions received, these two questions below summarizes the problem faced by
many living in these regions:
(1) How can i buy bitcoin in Ghana/Nigeria/Tanzania/South
Africa/Kenya/Chile/Ecuador/Venezuela?
(2) Where do i buy Bitcoin in Africa?
Well, i'll love to let you all know that purchasing bitcoin
or recieving funds for services is possible for Africans who are new in the
world of cryptocurrencies. The following services can be used to buy bitcoin
directly to your wallet using a debit card or bank transfer.
Now that you have a few bitcoin in that wallet, why not
invest it in gold? Goldmoney (Bitgold) talked about in one of our earlier posts
is a good choice of investment for most people who may be skeptical. You
deposit a few satoshis worth the equivalent of a gram of gold, seat back and
let the price rise. As the prices of gold increases, the amount you've got
seated in your goldmoney account increases. You could choose to redeem
(withdraw) your money to your bank account via wire transfer or back to your bitcoin
wallet. The post for bitgold was published here 29/02/2016. At the time, gold
was worth $1223.15 and rose to $1271.77 in about a month - a profitable price
to cash out for those who had bitgold in their wallet. At least that's what i
do. The price has been on a decline since then ($1172.56 at the time of
writing) and i believe these lower prices makes them the best time to buy gold
and hold them for higher prices next year. 2016 is gone and i believe investing
for the future should start now. Register and get a bitgold account today by
following the link below:
Speaking of cryptocurrencies; the price of Ethereum (ETH) is
on the decline as well. Obviously it's time to buy and hold for keeps as well.
A little secret for those into stocks trading: these two
sites below would get you a list of stocks you could invest in that will end up
profitable.
2. Motley Fool
This may be my last post for the year. Invest wisely today!
Good Luck.
Ethereum (ETH) Cloud Mining - The Time is Right
There's a time for everything - a time to invest and a time to hold back.
Ethereum is a cryptocurrency and a blockchain with it’s own programming language, called Solidity, which allows developers to create smart contracts. At this point in time, i don't advice cloud mining bitcoins since the value of BTC is on the rise, but the mining power is on the decrease. One would essentially have to work twice as hard to produce what was initially been produced in the past today. Lifetime contract is miss leading, and more and
more people are mining with faster and faster chips, thus increasing the
difficulty. that being said, it's smart and advisable to go for ETH now given the affordable price today. Note: ETH isn't the same as ETC (Ethereum Classic). Coinbase does not accept ETC. So preferable get ETH now. The time is Right! Genesis mining has been tried by us and tested and thus have been removed from our list of "Fake Doublers and Tripperlers – Unrealistic Investment".
Best Ethereum/Bitcoin cloud mining providers
- Genesis Mining is the largest and most trusted Bitcoin cloud mining provider in the world, now also running Ethereum mining plans. They provide all the information about their services, they are actively involved in the community and they even have a live stream of their mining farms. If you sign up through this link, you will get a discount of on existing Ethereum mining prices. Register today with this code j5mnSJ so as to get discount of 3% on all Hashpower packages you buy and begin with as little as $44 for 1MHz for 1 or 2years, increasing the hashrate as you go. With just 1MHz, you get at least 0.02ETH daily. This is a pure Ether mining plan, the fuel for the Ethereum project. There are no maintenance fees for the whole year. Al contracts last for a year and if Ether mining becomes unprofitable, they switch to X11 mining. Bitcoin auto mode is also available for Ethereum, this means that mining can auto convert to BTC to receive Bitcoin payouts. You can purchase Ethereum mining contract by Bitcoin or credit card. No matter which package you choose, you are renting the latest technology, which guarantees profitability for as long as possible. They also have regular promotions, where their customers receive automatic upgrades or promo codes to have percentages added to their hashpower, or to have percentages off of their contract price, so watch your email after a signup. At Genesis you can also mine Bitcoin and a few other crypto-coins. For example, their X11 mining algorithm will mine the most profitable coins at the time and convert them to Bitcoin automatically.
- HashFlare has been involved with cryptocurrencies since the inception of Bitcoin and has years of experience in the field of mining cryptocurrencies. This Estonian company is now also offering Ethereum mining plans with no maintenance fees. Also, the minimum order amount and the hash rate is very low (100 KH/s with the price of 3.5 USD), so you can start with low investment and see how it goes. For signed-up users they provide regular and substantial discounts!
- Eobot supports mining for Ethereum and advertises itself as the easiest, cheapest, and best way to mine it. You can mine and hash cryptocurrency with cloud mining, or you can use any CPU or GPU for any coin, SHA-256 or scrypt with immediate mining results. The good thing about Eobot is that you can pay with PayPal, but you will have to wait longer for your coins to arrive if you pay this way.
Other Ethereum cloud mining providers below are yet to be tested, please use at your own risk.
- NiceHash
- BitMiner
- mycoincloud
- OXbtc
- Ethercloud
Gavin Andresen Predicts: Ethereum To Surpass Bitcoin in the Near Future
Andresen, chief scientist at the Bitcoin Foundation and lead developer of Bitcoin until 2014, has raised concerns in the past about the bitcoin block size. He has noted the possibility that the bitcoin community could see exchanges, miners and merchants move to a highly centralized clearing agreement model. He believes that this will indicate an unhealthy bitcoin network that will be even slower, less reliable and more vulnerable to attacks. He raised eyebrowns when he tweeted that Ethereum has more nodes now than bitcoin and that it will grow its lead as its block size exceeds bitcoin’s.
Andresen is not alone in his concern about bitcoin’s scaling issue. He has, however, been raising the issue longer than most bitcoin developers. This concern is central to his positive view of Ethereum, which has the scaling issue in hand. In 2014, Andresen noted Ethereum was a Bitcoin 2.0 project creating “a revolutionary new platform for applications.” In July of 2015, Andresen emailed the Bitcoin Core development mailing list that the “worst of all possible worlds” for bitcoin was “no plan for how to scale up.” He indicated that scaling was bitcoin’s only obstacle, regardless of how it must be achieved. If a fork to Bitcoin-XT was needed, Andresen was willing to go along with it."Ethereum has more nodes today than Bitcoin. Prediction: it's lead will grow even as its blockchain size exceeds bitcoin's."— Gavin Andresen (@gavinandresen) September 25, 2016
Vitalik Buterin, Etherum’s founder, was quick to reply to Andresen’s tweet by noting that Ethereum also has more features than bitcoin. Many people agreed with Andresen’s views about Ethereum, based on the responses. One tweeter noted that Ethereum will surpass bitcoin. Another tweeter noted that bitcoin’s transaction fees will rise, pushing people to Ethereum, unless the bitcoin transaction issue is addressed.
Not everyone agreed with Andresen. Some felt his prediction will not come to pass. A few pointed out that Andresen has been wrong on other topics. The responses to Andresen’s tweet indicated there are some Ethereum skeptics. One asked when the Ethereum supporters will call for another hard fork.
Coinbase CEO Brian Armstrong mentioned in a Reddit post the possibility that Coinbase support more altcoins, and that Ethereum is scaling better than bitcoin. Coinbase added Ethereum a day after its historical hard fork in July.The crypto wallet could benefit from Ethereum’s plans for unlimited scalability, added security by employing fail-safe mechanisms in smart contracts, and higher flexibility, leading to a greater ability to innovate and adapt. Armstrong has also expressed a lot of concern about bitcoin’s scaling challenge and is urging everyone to upgrade to Bitcoin Classic to buy time to address the scaling issue and prevent serious problems.
Earlier this year, Armstrong raised concerns about the Bitcoin Core team that don’t bode well for how the scaling issue will be handled. He was concerned about the team’s communication skills and lack of maturity, which has compromised bitcoin’s ability to attract new protocol developers. The Bitcoin Core team also prefers a perfect solution to an acceptable one. And if no such solution exists, they are okay with inaction, Armstrong noted, even if it puts bitcoin at risk. They also believe bitcoin will not scale long-term, and any block size increase is a path they are unwilling to allow.
Well, the same thing was said about Litecoins.
$67M in bitcoin stolen as hacking typhoon lashes Hong Kong's Bitfinex
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| You Have Been Hacked! |
Community and product development director Zane Tackett said some 119,756 bitcoins were stolen. "We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the company says." We are undertaking a review to determine which users have been affected by the breach." While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up." Bitfinex halted all trading, digital token deposits, and withdrawals. News of the hack sent the value of Bitcoin falling by some 20 percent to about US$540 (£405, A$711)
Tackett disclosed the number of stolen bitcoins to Bitfinex customers via Reddit, and has been fielding scores of inquiries. He says he will post updates to the social network site about the hack tomorrow. They say no US currency was stolen, and could not confirm details on possible reimbursement for affected customers. Bitfinex's security firm Bitgo says it has not found any evidence of a breach of its servers during its investigation.
Use of that security company meant customer bitcoin wallets were separated and so limited the scale of the breach. It followed the US$50 million breach of Etherem which was reversed after a hard fork was enacted. Police are investigating. News broke of the hack broke at around the time Hong Kong was dealing with Typhoon Naida, a storm that saw the territory invoke emergency management plans that emptied the streets and closed most businesses. Some are speculating that the hack somehow took advantage of the weather, but absent information on the precise timing of the hack the theory is at best a tantalising potential plot point in a hypothetical future Bitcoin movie.
Well, crazy world we live in right?
True Doublers and Tripplers Part 1 - Realistic Investments
Instead of going down the tedious path of mining or clicking as described in methods earlier, you could simply, make a deposit into any of the websites below, chose a plan and lend traders your coins or choose to trade on your own as desired. It’s that simple if you’ve got a few bucks to spare for investment purposes.
Few weeks ago, i and a friend who is a foreign exchange trader had an arguement. I've always been skeptical and most often, pessimistic. That very day he said that after he had made 1btc from many of the free sites as a clicker (beginner), he signed up with bitfinex, lent his money based on a 2 days plan until he got his third bitcoin. But before then, he remembered clicking over a million times on the websites offering free bits. Life isn’t easy my friend, but patience is surely the key in any endeavor i said. As an Engineer in the BTC world, before taking this path to success, in my early days of being broke and bitcoinless, I said to myself ‘if I could work tirelessly for at least 90days, and get my first bitcoin, I’d never be broke again.’ That day did arrive at last, after days of ceaselessly mining and constant clicking with little sleep or no sleep at all, it read 1.57145BTC on my coinbase wallet marking the beginning of more coins to come.
I don’t know about you but the biggest problem in the world of crypto-currency is getting your first bitcoin. Strangely, it’s that easy – but not so many are patient enough to wait for the first coin to arrive before getting discouraged. On getting to 1btc, you could sign up with the site below and lend your coins at will via their investment package. The sites am conversant with are "Btcjam" and "Bitfinix" - BTCjam is a site advertised by coinbase which has been amazing over the years.
BTCJAM
BITFINIX
One of the prominent sites Bitfinix for so many years now has been up and doing but few weeks ago, had an issue with the United States Commodity Futures Trading Commission (CFTC), which led to the company temporarily suspending operations. Well, luckily for my friend and i, bitfinix is back up and running. Hopefully, one can now conclude that the company isn't one of the fake doublers and tripplers out there. The image below is a snapshot of what bitfinix has to say to thousands of her customers on June 2nd regarding the temopary glitch:
One can't say for sure what the problem is. But for those currently invested with them, well, the rest of us who are friends must join them in prayers, hoping that they aren't one of those fake doublers and tripplers in disguise for so long and have now decided to alienate themselves form the public particularly when the market for bitcoin is now so strong and there's nothing to make anybody think of such a catastrophe like shutting down parmanently. Well i personally have got 8BTC with them and have requested a withdrawal of 5BTC which i believe should be in my coinbase wallet befor this post is published. The 3BTC left behind will then be lent out further as usual. In this business, one ought to be careful - because, you never know!
"What could possibly happen? " my friend asked. A million things could happen but i can't promise you that any of them will. Since am not one of the directors at bitfinix, i can't give you any reason for this supposed temporary shutdown and i can't tell fortunes i said. "Give them time" he said - Well if they are fake doublers and tripplers in disguise, give them time and your skin would be where all the other bitcoin hides are, stretched out in the sun drying i replied. My philosophy is thus:
If an investment firm doesn't act right don't invest with them or if you've got shit with them, pull out your funds because, being unable to tell precisely what is wrong, you cannot tell which way they're headed. No diagnosis, no prognosis. No prognosis, No profit.
The following steps explains how to invest by lending out bitcoins using bitfinix
1. Click on "Margin Funding" then "BTC"
2. To offer your bitcoins up for lending, scroll down and click on "Offer Funding" Insert the duration you intend lending out your coin on the section provided for "Period (in days)". Select FRR and not "hidden" for “Flash Return Rate” – this lets bitfinex give you the optimum, market rate interest at any given time – again this changes so massively over time. Insert the amount you intend to offer up as a lender then offer funding.
3. At the end of the 2 days period for example using my system of lending, the bitcoins + profit (bitcoin/satoshi) are credited to you bitfinix wallet. If it's your goal to automatically lend out bitcoins, click on the autorenew tab and insert the number of days you intend renewing your lending plans, select FRR as explained above and activate autorenew. Using my system, 3BTC is automatically lent out every 2 days for the next 30 days.
Its that simple.
BitGold Investment Begins Trading in 2016
A new way to invest in weights of gold has just been launched and this is called "BitGold". Bitgold is just an online platform that allows you to save and make payment in gold just like we do using bitcoin. The BitGold “Aurum” gold-settlement technology is now integrated via the Automated Clearing House (ACH) network in a NACHA compliant manner with nine of the top US financial institutions including: JP Morgan Chase, Bank of America, Wells Fargo, Citi, US Bank, USAA, Fidelity, Charles Schwab and Capital One. BitGold users with an account at one of these institutions can instantly authorize deposits or redemptions. This makes transactions more automated, secure and avoid possible bank wire fees. Users can send and receive gold as payment to and from any BitGold user or seller for free. Gold can be sent as payment to non-BitGold users with email or mobile phone. Users can spend gold with a BitGold prepaid debit card. Since many major credit cards are accepted globally this greatly extends the places where funds can be spent from a Bitgold account. Additionally, the feature includes ATM machines to withdraw local currency.
I won't say much because i want you to make the same mistake i made with bitcoin and take it for granted. But if you feel you might be interested, visit the link HERE
Fake Doublers and Tripperlers – Unrealistic Investments
 |
| Fact and Lies |
Beloved, at this point, I can assume you have made it to your first btc or ltc – if so, you’re ready to become an engineer -investor. Although the journey thus far wasn’t easy, yet, you made it like everyone else without risking a dime or wasting a lot of time.
Like I said before; “If it ain’t free then it isn’t bitcoin.” Based on our findings and experience, the following websites claim they can help you with the manpower you need to mine properly at a small price – although you may choose to try, my advice you didn't ask for is this:
DON’T TRUST THESE FOLKS!
EVEN IF YOU'RE BENT ON TRUST, WAIT UNTIL I SAY SO!
You may have heard
of the so-called almighty "ore-mine.org/ore-mine.com" which is now extinct, dead with the bitcoins of
many investors swallowed up in its belly, ore-mine was advertised to be a top
mining site for the year by well, who knows... but investors woke up the next morning only to
discover the so-called mine is gone. The story of ore-mine reminds me of the guys at virtnext.com and how they licked up iced $250 of many investors.
The phrase "If it isn’t free, then it isn’t bitcoin"
remains true because although legit sites approved by coinbase as well as
blockchain do exit for those who’ll love to trade or lend to traders, one would
yet have to put in something to get something out. Well with such investment schemes which would be introduced later on That doesn’t mean scammers
aren’t out there to get you – they are. The list of sites below shouldn’t be
trusted – although they may claim or even pay out to current investors at the
moment, their end goal is to get as many investors as they can before they’re no
more. Users discretion is advised.
https://www.halleybtc.com/
https://hashflare.io/
The Free Money Systems Designed for Litecoins
 |
| LTC |
In our last post titled "Public Notification", some of the famous bitcoin faucets were temporarily shutdown for a few days or so. Well the good news is that they are now fully functional but we will keep observing incase of any changes.
Now speaking of altcurrencies - if you're not yet initiated, read our guides on What is bitcoin and Why use bitcoin. The ideas in those guides also apply to litecoin. Just like it isn’t about bitcoin but blockchain, it remains still about bitcoin and not blockchain. In 2013, folks within the underworld believed bitcoin was the cryptocurrency to change the world and day by day, that dream is been realized. Although blockchain is hardly the only company pushing the digital currency forward.
Now speaking of altcurrencies - if you're not yet initiated, read our guides on What is bitcoin and Why use bitcoin. The ideas in those guides also apply to litecoin. Just like it isn’t about bitcoin but blockchain, it remains still about bitcoin and not blockchain. In 2013, folks within the underworld believed bitcoin was the cryptocurrency to change the world and day by day, that dream is been realized. Although blockchain is hardly the only company pushing the digital currency forward.
Coinbase, for instance, just unveiled the country’s
first bitcoin debit card, which can help drive the digital currency toward the
mainstream in more ways than one. According to the company, more than 7,500
people have signed up for the card since it launched in late November. Using
this piece of plastic, they’ve spent more than $50,000 worth of bitcoin. That’s
not a lot—yet. But the Coinbase card lets people spend bitcoin anywhere that
accepts a VISA card. The hope is that this will encourage more people to spend
their bitcoin, rather than just speculate in the currency. And if that happens,
more businesses will begin to accept bitcoin without the VISA. After all,
that’s far less expensive than paying the fees associated with credit card
transactions. As more businesses catch on, the cycle repeats.
Now speaking of litecoins, the following are famous
litecoin faucets out there:
MoonLite
LTCRena
LiteCoiner
Cryptoblox
Litecoinfree
Litecheckin
Ltcfaucet
Ltcfaucetco
Cmmmonitor
Coins2day
TotallyLTC
Note: Another place where ltcs can be collected is at faucetbox.com Although we tested the system again earlier last month, yet the 2.3LTC collected using faucetbox hasn't been deposited to our litecoin address at btc-e. So we cannot endorse faucetbox for now - maybe when changes are noticed.
....Coming up... BitGold Investment Begins Trading in 2016...
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