Saturday, March 17, 2018

Dogecoin Price Falls Almost 10%!

The price of Dogecoin fell today within the last 24 hours. Dogecoin is currently trading at $0.003265 USD (at the time of post). Dogecoin currently has a market cap of around $370.21 million USD, after reach a record breaking 1 billion a few months ago.

The price fall comes after an industry-wide price collapse where almost all cryptocurrencies have fallen, some even by double digits within the last 24 hours. For the month, Bitcoin has fallen 22% while, respectively, Litecoin has also fallen but at a more dramatic 30% drop. Dogecoin was trading steadily at $0.0045 USD for quite a few weeks but fears of the IRS increasing oversight on bitcoin companies, like Coinbase, has negatively affected all cryptocurrencies. Facebook and Google banned cryptocurrency ads recently as companies seek to protect users from scammers with the increasing number of ICO's being released.

There are prospects that Dogecoin will return to $.01 or to $.05 by the end of the year. Some have even stated that Bitcoin may reach $100,000 by the end of 2018. Happy trading!

Wednesday, March 14, 2018

Google AdWords To Ban Cryptocurrency?

Google has just announced that they updated their "financial product policy" for their advertisement platform which will directly ban keywords associated with initial coin offerings (ICO), cryptocurrency exchanges, cryptocurrency wallets, etc. Which will take effect this June.

This comes just a few weeks after Facebook had announced that they too would ban certain keywords that are associated with cryptocurrencies. Pressure has been increasing on cryptocurrencies and their legality is being challenged by multiple governments around the globe. Already, Bitcoin companies have taken hits by multiple banks protecting their reputation as Cryptocurrencies have been claimed to be associated with illicit practices (which fiat currency is used far more for illegal actions...).

In general, Bitcoin has been performing well, but still is facing fears of harsh regulations which is driving traditional media's bias. People have claimed that Bitcoin is a bubble, or that it has no real value, but per unit, 1 Bitcoin is worth more than an ounce of gold. There is value to Bitcoin and the blockchain is revolutionary, but this new technology is beginning to be slowed down by government regulations. Reputable companies are unsure if they should back the technology and the cryptocurrency space or find ways to appease legislatures so they are not associated with "offshore banking" or illicit tax practices.

In the last few months the value of Bitcoin has fell dramatically after reaching an all-time high above $19,000 USD to today trading around $8,500 - $11,000 USD.

Tuesday, March 13, 2018

My Experience With Steemit

Steem has been performing quite well over the years, today the price of 1 Steem is above $2USD. Sounds good? But not many people know what Steem and Steemit is about. In a nutshell, the Steemit ecosystem revolves around social networking where you have a possibility to earn Steem with every post.

What Is Steemit?
Steemit is a social networking site where people can earn Steem by posting blog posts or curating content that may have already been posted online. You have the possibility of earning Steem Dollars which is fixed to the value of $1USD (tradable for Steem), and Steem Power (a value of your influence which has an effect on up-vote earnings on posts and comments).

My experience with Steem and Steemit has been pretty positive. A friend shared it to us for the first time speaking about the general idea about the site over a year ago. I was instantly interested, who wouldn't want to be paid to do what you normally do online?

At first the site functioned differently than how it is today like being able to earn Steem directly from post earnings. Being a new user in a new social network is interesting, people were very friendly and it was active but as time went on the quality of the content fell and users that were once active, started posting less and less and Steemit became easily forgettable for me. I was able to earn 100 Steem and my account is valued at a fair price above 700$, but honestly it isn't as exciting as it used to be.

Today, I still run my account but I have time periods where I'm active and others where I have taken breaks. I believe that if I was consistent with what I was posting, then my earnings could have been considerably more. Overall, I do like Steemit and how you're able to earn on blog posts. I just wish it was more exciting.

I still recommend it if you have an interesting message or if you're consistent with posting quality content for your readers. Many members of the community seem to be highly involved in space, science, politics and cryptocurrencies. Definitely a site for nerds, and bloggers