{"id":110713,"date":"2017-08-11T10:03:40","date_gmt":"2017-08-11T14:03:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=110713"},"modified":"2017-11-28T09:28:03","modified_gmt":"2017-11-28T14:28:03","slug":"crypto-genius-reveals-everything","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/crypto-genius-reveals-everything\/","title":{"rendered":"Crypto Genius Reveals Everything"},"content":{"rendered":"
August 11, 2017<\/div>
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By WallStreetDaily.com<\/u><\/a> \"\"<\/p>\n

\"LouisSaying that the cryptocurrency market has been on fire in 2017 would be the understatement of the year.<\/p>\n

Since the year kicked off, Bitcoin \u2014 the flagship crypto coin \u2014 has gained 242%.<\/p>\n

And Ethereum, the world\u2019s second most valuable cryptocurrency, boasts a year-to-date gain of more than 3,600%.<\/p>\n

By comparison, the S&P 500 has posted a mere 10%.<\/p>\n

Heck, the Nasdaq Composite Index \u2014 which includes all five \u201cFAANG\u201d stocks \u2014 is up just 18% on the year.<\/p>

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In other words, if you\u2019re after the biggest gains in the market\u2026 forget stocks.<\/p>\n

Cryptocurrencies are where you need to be.<\/p>\n

In fact, I\u2019m tracking literally hundreds of tiny cryptocurrencies trading for less than a buck<\/a><\/u><\/b>.<\/p>\n

And whenever Bitcoin moves higher, these penny cryptocurrencies erupt to the tune of 500%, 1,000%\u2026 even 10,000% when the stars align perfectly.<\/p>\n

I call such eruptions \u201cCrypto-Quakes.\u201d<\/p>\n

And with 11 brand-new cryptocurrencies<\/a><\/u><\/b> about to launch, one newbie is poised for a massive \u201cquake\u201d on Aug. 31. Click here for more details.<\/strong><\/a><\/p>\n

In the meantime, senior analyst Jonathan Rodriguez, who tracks cryptos closely, has uncovered one of the market\u2019s most undervalued opportunities\u2026<\/p>\n

Ahead of the tape,<\/p>\n

Louis Basenese
\nChief Investment Strategist, Wall Street Daily<\/em><\/p>\n

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Stick a Fork in It<\/h2>\n

\"JonathanIn case you missed it, Bitcoin underwent a major change a few weeks ago.<\/p>\n

You see, thanks to surging popularity, Bitcoin was plagued by sluggish transaction processing.<\/p>\n

To give you some context of just how slow Bitcoin processing is, Visa can process 2,000 transactions per second on average. But only three transactions can be saved to a Bitcoin block per second, according to cryptocurrency expert Zaki Manian.<\/p>\n

And at present, only one megabyte of Bitcoin transactions can be mined at one time, to prevent denial-of-service attacks on the network.<\/p>\n

In order to scale up, its developers decided to make an upgrade to the currency.<\/p>\n

But digging into the upgrade requires a bit of background knowledge\u2026<\/p>\n

15-Second Crypto Review<\/h2>\n

As you know, cryptocurrency at its core is a digital money facilitated by a software network.<\/p>\n

And that software is kept current through updates issued by a cryptocurrency\u2019s developers.<\/p>\n

Generally speaking, the majority of these software updates are benign.<\/p>\n

However, when developers of a cryptocurrency make changes to the software that causes incompatibility between pre-update coins and post-update coins \u2014 it creates what we call a fork.<\/p>\n

Essentially, one cryptocurrency is split into two but on the same software network.<\/p>\n

And that\u2019s exactly what developers just did.<\/p>\n

They split the currency into two, giving birth to Bitcoin Cash.<\/p>\n

In the case of Bitcoin, for each token a person owns, they received a single Bitcoin Cash token.<\/p>\n

If you\u2019re familiar with the stock market, think of the fork as a stock spinoff, where a company hands owners of its stock shares of a new company that it\u2019s just divested.<\/p>\n

The Best of Both Worlds<\/h2>\n

So why fork the currency instead of merely updating it?<\/p>\n

Well, sometimes the functionality of a coin just can\u2019t be solved with a minor update. In other cases, it might be a fundamental disagreement about how a currency is operated \u2014 or, rather, governed.<\/p>\n

The Bitcoin fork was simply the result of an irreconcilable rift between users.<\/p>\n

As I mentioned earlier, Bitcoin has become so popular transactions are taking much longer to process than ever before.<\/p>\n

But some Bitcoin owners felt that making a change to the transaction limit opened the cryptocurrency up to fraud.<\/p>\n

So in an effort to scale Bitcoin and alleviate bottlenecks, they increased the transaction limit to eight megabytes from one in the newly created Bitcoin Cash.<\/p>\n

Bitcoin purists can continue using the unchanged Bitcoin, and users that crave faster transactions can use Bitcoin Cash.<\/p>\n

In other words, each currency offers something for everybody in the Bitcoin universe.<\/p>\n

How Trade a Fork Like a Pro<\/h2>\n

Here\u2019s the thing about forks\u2026<\/p>\n

They\u2019re not inherently a bad thing.<\/p>\n

In fact, just after a fork, there\u2019s an opportunity to capitalize on price inefficiencies.<\/p>\n

The new currency usually trades at a fraction of the value of the original currency, and at far less volume. After all, its value is derived from the number of people trading and using it.<\/p>\n

While it\u2019s not as valuable as Bitcoin, Bitcoin Cash launched as the fourth-most-valuable cryptocurrency in the world.<\/p>\n

You may also see a sharp sell-off in the parent currency, too.<\/p>\n

But just like stock trading\u2026 if there\u2019s no change in the fundamentals of either currency, buying during a post-fork dip could prove incredibly profitable<\/strong><\/a>.<\/p>\n

For instance, Bitcoin Cash fell 50% in the week following its launch but rose 50% in just two days off its August low.<\/p>\n

Bottom line: By scooping up a forked token during a post-split sell-off, investors can potentially cash in on a big snapback move to the upside. So watch out for upcoming forks closely and be ready to strike.<\/p>\n

On the hunt,<\/p>\n

Jonathan Rodriguez
\nSenior Analyst, Wall Street Daily<\/i><\/p>\n

P.S.<\/strong> Lou Basenese now stands at the epicenter of the cryptocurrency market. With his research, I\u2019m convinced that a kindergartner could hit a 500% gainer\u2026 a 1,000% gainer\u2026 heck, even a 10,000% gainer in exceptional cases. According to Lou, \u201cI believe Bitcoin hits $10,000, triggering no fewer than 19 \u2018Crypto-Quakes\u2019<\/u><\/b> among the smallest of cryptocurrencies. The next 35 days could mint more millionaires than Bitcoin has in five years.\u201d <\/i>Click here for immediate access.<\/a><\/strong><\/p>\n

The post Crypto Genius Reveals Everything<\/a> appeared first on Wall Street Daily<\/a>.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By WallStreetDaily.com Saying that the cryptocurrency market has been on fire in 2017 would be the understatement of the year. Since the year kicked off, Bitcoin \u2014 the flagship crypto coin \u2014 has gained 242%. And Ethereum, the world\u2019s second most valuable cryptocurrency, boasts a year-to-date gain of more than 3,600%. By comparison, the S&P […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-110713","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=110713"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110713\/revisions"}],"predecessor-version":[{"id":110722,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110713\/revisions\/110722"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}