Hello everyone , Welcome to what the bear bitcoin show
I am magicalbear form 8btc.com
It’s been a rough time for all of us these days,
Rumors were everywhere, the market has been losing its faith.
But we don’t take it as the end of bitcoin, not at all.
In today’s program , I am gonna share some really useful knowledge with you guys.
The first thing to begin with, is that I find out that there are still many people having not the basic understanding about bitcoin,
In fact, from a historical perspective , Bitcoin is the very first digital currency of all
Considerable number of altcoins are just a simple COPIES of Bitcoin
Well, Indeed there were some innovations of these altcoins
For one of the most famous is Litecoin which use algorithm of Scrypt
These coins usually need graphic cards to mine.
We all know that when compared with CPU, the effiency of GPU for some specific operations is much higher.
Recently , mass production of the mining machine appeared,
Its power is generally considered hundreds of times the graphic cards
By which it means, Year 2014 will definitely witness a war between those altcoins
Bitcoin’s operator force has been steady growing
However ,that of altcoins often changes.
It’s mostly because algorithm barriers exist between the original bitcoin and other altcoins.
These Algorithms are not common-useable
In the foreseeable future
Within one algorithm ,only a very small amount of coins will survive
I also want to talk about some investment strategies
If you are an adventurous person
Suppose the market is in its UPTREND channel
You can consider replacing your bitcoin to altcoin
In order to obtain higher returns
Becuz altcoins seems to raise faster than bitcoin
When the market is in a descending channel
You can change your altcoins into bitcoin
Which’ll Make your assets more hedging
You may ask why?
Most of the total market capitalization of altcoins is quite small ,
which means there is not so much money circulating there
When someone invest a large amount money into it
The price rose faster than bitcoin does.
Doing so is actually risky
Because the market is always changing , we can not always predict the market
For ordinary people like us, the most reasonable approach is:
Holding Bitcoin and don’t sell it
Investment of altcoins in some way is actually like,
Altcoins attaches their value on Bitcoin
This is very weird
Whenwe invest , one of the most important thing is to pay attention to the BIG MONEY
Whether other altcoins are dead of reducing it’s capacity
People still have faith in Bitcoin
So, if you do not intend to spend too much time to do the stock stuff
Dont touch the altcoin!
Thank you for watching
To find more information, plz visit 8btc.com
See you next time!