Category Archives: Altcoin
Throughout 2019, Bitcoin has been mostly bullish, rising as much as 350% from trough to peak, all while the altcoin market has continued to bleed out further.
However, according to one expert crypto analyst, long-term charts are suggesting that the total altcoin market has bottomed. Bitcoin dominance charts also back up the theory, indicating that altcoins will not only soon explode in value, but theyll outperform the leading crypto by market cap in the short term.
At the start of the year, both Bitcoin and altcoins like Ethereum, Ripple, and Litecoin, appeared to have bottomed out and began a steady ascent higher. But come April 2019, the two crypto asset types diverged, and Bitcoin went on to have a parabolic rally, all while an altcoin apocalypse unfolded across the crypto market.
Related Reading | List of Crypto All-Time High Prices Shows How Far Market Must Recover
The more Bitcoin rose in value, the more altcoin holders many of which are still holding bags that are down as much as 99% from their previous all-time high began selling off alts so they could FOMO buy into Bitcoin and not miss out on what could end up being the greatest bull run in the assets history and possibly even the history of finance.
But even Bitcoins rally topped out, putting the market in a state of confusion. Now that the first-ever cryptocurrency is once again taking a breather, though, it may be the calm before the storm for altcoins that are likely to have finally bottomed, and about to grow substantially in value, outperforming Bitcoin in the very near future.
The idea comes from crypto analyst Crypto Thies, who has shared a chart focusing on the total crypto market cap sans Bitcoin and says that recent Heikin-Ashi candles demonstrate a low-volatility phase near its conclusion.
On the total altcoin market chart, indicators are turning upward, volume is rising, and the most recent green candles, according to the analyst, are like a taut rope before it snaps. When it snaps, fireworks are expected.
The analyst further backs up this theory that the alt bottom is in with a chart depicting Bitcoin dominance. Thies says that BTC dominance is no longer looking as bullish as it once was, and a head and shoulders is forming on the weekly relative strength index.
Related Reading | Published Author and Altcoin Trader Highlights 5 Crypto Set to Outshine Bitcoin
Head and shoulders formations typically represent the early signs of a trend reversal, suggesting that altcoins will soon trend higher and outperform Bitcoin for a sustained period, allowing many of the altcoins still in the gutter to make up for lost ground.
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Bye-Bye Bitcoin? Why the Altcoin Bottom is In - newsBTC
Crypto Analyst: Ethereum, XRP and Altcoins Poised for Major Rally As Bitcoin (BTC) Dominance Drops – The Daily Hodl
A crypto analyst and self-proclaimed whale whisperer says Ethereum, XRP and the altcoin market at large may be poised for a major rally.
The analyst, who goes by the name Beastlyorion, tells his 57,000 followers on Twitter that Bitcoins dominance of the overall crypto market is testing support at around 66%.
If it breaks, he expects altcoins to rally harder than you ever could have imagined.
Time to pay attention! O_O pic.twitter.com/pXsvbYwiRD
Beastlorion (@Beastlyorion) November 13, 2019
Fellow analyst Willy Woo is cautioning his crew of 113,000 followers to watch out for the vast majority of altcoins, which he says lack the liquidity necessary for them to be solid investments.
HODLing altcoins in 2017 use to be speculating on a technological dream while driving a Lambo.
HODLing altcoins in 2019 is like reading through regulatory compliance documents for a large enterprise while checking you have enough change for a bus to get home.
Coinmarketcap lists 4978 coins. Here's the top 50 by volume. Below the top 40 doesn't even register i.e. 4938 coins are illiquid.
Investors want liquidity at entry and liquidity on exit. Very few coins have credible liquidity to be good investments. pic.twitter.com/3kXgn3NWjV
Willy Woo (@woonomic) November 13, 2019
Daily analyst Josh Rager tells his 59,000 followers that Bitcoins price remains king.
Alts are directly correlated to Bitcoin.
If the price goes south, diversifying into alts will only make things worse. If you want hedge, learn how to use futures or options to your advantage.
Diversification in crypto is not strategy majority of portfolio should be BTC.
In the short term, analyst Filbfilb tells his collective following of 39,000 on Telegram and on Twitter that he thinks Bitcoin could suffer a further breakdown.
Looks like we need to go lower. Getting signs to flip short but waiting on candle closes.
Right now, Bitcoin is down 1.28% at $8,703, according to CoinMarketCap at time of publishing.
At Coin Market Caps The Capital conference in Singapore, a crypto and altcoin pioneer took the stage for the first time. His name is Sunny King, and he is the individual behind the creator of the Proof of Stake consensus mechanism slated to be adopted by Ethereum and other key blockchains in the near future if they havent already that is. The industry pioneer is currently the Chief Architect at V SYSTEMS.
King talked about an array of subjects, but notably, he took some time to break down the whole narrative surrounding Bitcoins dominance in the cryptocurrency market. And somewhat unsurprisingly, he was supportive of altcoins and alternative blockchains, not the Bitcoin maximalists. He said during the interview:
Bitcoin might not be able to dominate like that in the long term. For the thousands or even more other cryptos, dont lose hope yet and take it to Bitcoin. The fact of the matter is that we need more than just currencies, its going to be a whole economy so plenty of space for all kinds of blockchains. For a healthy and prosperous economy, the base currency (BTC in this case) is critical but only a small part of it.
Elaborating on his point, King asserted that it will be hard for Bitcoin to dominate forever, especially due to the challenges that industry leaders in Silicon Valley have faced and will face in the future. For instance, MySpace was once the biggest social media platform, but now, the torch has been handed over to Facebook and Instagram.
The Proof of Stake consensus founder went on to note that the leading cryptocurrency has some risk factors with its design that will need to be addressed within the coming decades, especially when the block rewards pushes down the issuance of BTC to near 0% annually:
We shall see whether or not Bitcoin can sustain a sufficient mining market by collecting transaction fees. But even if it manages that, there are still concerns that 51% attacks might eventually affect the cryptocurrency. [Weve seen 51% attacks affect top-20 cryptocurrency projects this year.] If this type of event happens to Bitcoin eventually, it would not bode well for its long term dominance.
While King thinks other cryptos can stick it to Bitcoin, Ripples chief executive Brad Garlinghouse isnt all too sure. Garlinghouse told Bloomberg earlier this month that he believes that only 1% of all crypto assets are here to stay in the long run (it isnt clear if that includes BTC.)
If you own cryptocurrencies and an iOS device,I am sure you have struggled to find the right crypto wallets. However, these days developers have started supporting iOS devices too.
Now the iOS device users no longer need to store their cryptos on exchanges and jeopardize the security of their cryptocurrencies.
Also, in any case, the habit of storing your cryptocurrencies on exchanges is stronglydiscouraged by CoinSutra. But we also understand that some crypto users are forced to do so because they dont know about cryptocurrency wallets that are supported on iOS devices.
Thats why in this post I am going to share about popular Bitcoin and cryptocurrency wallets that can be used on iOS devices too.
BRD is easy to use and is a secure Bitcoin wallet through which you can send/store/receive your bitcoins easily.
The UI is sleek and streamlined for beginners as well as advanced users and provides a very good user experience.
The good thing is that it is available for iOS version also where users can get started in seconds as there is no registration or signups required to use this wallet.
Some of its notable features are of this wallet are:
Also, BRD wallet supports segwit addresses which are very good for reduction of transaction fees while transacting in BTC.
Edge (Formerly known as Airbitz) is also a non-custodial HD wallet just like other popular HD wallets and has a very good development community backing it since 2013.
Edges iOS version Bitcoin wallet is one of the oldest in the market and has pretty decent reviews. I have never used it but it always remains on my mobile as an emergency backup wallet that I can use anytime. Its security features are a step ahead than its peers. Some of its notable features are:
Check out our CEO Harsh Agarwal talking to Aitbitzs CEO at the Bitcoin Conference Miami 2017.
Note: This wallet is available for iPhones and iPad currently.
Download Edge iOS Wallet
Copay is a product of BitPay, a long-time operating Bitcoin company in the cryptosphere.
Copay is a non-hosted HD wallet that is very easy to use and is under continuous development/maintenance of a strong development team.
There are some USPs of this wallet that allows one to store their Bitcoin and Bitcoin Cash in a hassle free way.
Note: This wallet is a Bitcoin & Bitcoin Cash-only wallet available for iPhones and iPad currently.
Download Copay iOS Wallet
Another fine wallet for Bitcoin and other cryptocurrencies is Jaxx.
Jaxx is a multi-cryptocurrencywallet with an active development community behind it and has all the features that one requires in a non-hosted wallet such as:
Jaxx has had its fair share of controversies, particularly when theywere found keeping usersmnemonic phrases in plain text, but that has changed now.
Note: It supports more than 25 cryptocurrencies (including Bitcoin) in its current iOS version.
Download Jaxx iOS Wallet
Bitpie is another popular Bitcoin wallet that has started getting a lot of traction.
I noticed this wallet while recovering forks of Bitcoin like SBTC and Bitcoin Diamond. Ever since this wallet is on my Android device.
However, the good news is, it is an HD wallet that now supports multiple currencies on the iOS platform too.
While using Bitpie you have access to the following features:
Note: It supports BTC, ETH, LTC, EOS, QTUM, and ZEC as of now on its Android version and BTC plus BCH on its iOS version.
Download Bitpie iOS Wallet
Blockchain wallet is the oldest cryptocurrency mobile wallet available in the market and luckily they have the iOS version for you.
It is, without a doubt, the worlds most popular mobile wallet for storing Bitcoin with more than 23 million users.
It is an HD wallet that comes with all the regular features that one might want in a self-hosted wallet. Some of the features that keep you in charge of your crypto funds all the time are:
Always remember:If you lose the 12-18 seed words, you will lose your all bitcoins.
Note:It is a Bitcoin-only wallet and doesnt support other currencies currently.
Download Blockchain iOS Wallet
Trust wallet is another multi-currency wallet for iOS users but this wallet doesnt support Bitcoin.
Trust wallet is the wallet for Ethereum and Ethereum based ERC20 tokens and ERC223 tokens. Here in this wallet your private key is only stored locally and protected with many layers of security.
Trust wallet also acts like a Web3 Browser that allows you to interact with decentralized applications (DApp) directly from the app.
Download Trust Wallet
The best and easiest way to securely store your cryptocurrencies is to use a good wallet that you control on your device.
If you store your cryptos on exchanges, you stand at the risk of losing all at once. And as the cryptosphere has matured, even iOS users have a lot of options for crypto mobile wallets.
Also, whenever you use any of these iOS wallets, we suggest you follow the basic security practices always, some of which are:
I will update this list on a regular basis so watch this space. Some of the iOS wallets that I am watching now are:
Do let us know which wallets you use in the comments section below.
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Here are hand-picked guides for you to read next:
Read this article:
Best Bitcoin/Altcoin Wallets For iPhone [2019 Edition]
Overnight last night, Bitcoin price made another strong bullish advance through resistance at $5,400, following a massive crypto rally earlier in the month that set the bullish tone for the rest of the months price action. While Bitcoin is more bullish than its been since its all-time high of $20,000 back in December 2017, altcoins, which had been experiencing massive gains in price over the last few months, have suddenly turned extremely bearish.
Across social media, crypto analysts are issuing warnings on how to handle altcoin investments in the face of renewed bearish sentiment, and offer insight into what this means for the rest of the crypto market.
While Bitcoins first large movement through resistance at $4,200 that resulted in a nearly $1,000 upward movement over the course of an hour brought altcoins along with it for the ride, this most recent move has caused an increasing amount of bearish sentiment surrounding Bitcoins crypto cousins.
Related Reading | 2019 Crypto Alt Season Kicks Off With Over 20 Altcoins Doubling in Value
Many altcoins are still posting small percentage gains across the board in USD value, though nearly the entire market in value relative to Bitcoin has sank considerably. Any alts that only have a trading pair with BTC were hit exceptionally hard. Nano, Tezos, and a few other outliers managed to grow in relation to BTC value, however the rest of the market is a sea of red.
One particular crypto analyst, DonAlt, in a tweet hinted at the downside potential for altcoins as falling as much as 30-50% as Bitcoin rallies further. The trader says that alts nuking is a good thing as itll make the next alt season that much sweeter.
Some altcoins, such as Ethereum and Ripple, have underperformed relative to Bitcoin over the last few months. If Ripple fell another 30-50% from here, itd set new bear market lows, as Bitcoin enters what could be the start of a bull run.
Another prominent trader has recommended that crypto investors cease buying the dip across altcoins, and instead suggests that traders sell each bounce at support.
In an EOS chart accompanying the tweet, support is clearly shown as being broken. And each time support broke previously on the chart, resulted in a deep decline for EOS. While the exact price action wont play out across all altcoins, many charts do appear similar in structure, and often the entire altcoin market moves in parity.
Related Reading | Bullish Bitcoin Price Formation Hints At Short Term Move Above $6K
For a few weeks there, crypto analysts were watching Bitcoin dominance for a break below 50% which could have sparked an all-out altcoin season, while Bitcoin consolidated further. Instead, BTC dominance rebounded and is currently sitting at 53.5% which is responsible for the bleeding witnessed across the altcoin space.
If DonAlt is right about the next altcoin season being that much sweeter due to the impending decline across the alt space, further accumulation at the bottom of the coming range could end up being a profitable investment for the long term as crypto markets begin to build hype once again.
Continue reading here:
Crypto Conundrum: Bullish Bitcoin Price Action Halts Altcoin ...
As this years altcoin season continues to flourish, yet another altcoin has marked tremendous gains in a short span of only two consecutive days.Everex (EVX) has recorded gains upwards of 275% over the last two days.
On March 24th, EVX was trading at around $0.29. At the time of this writing, the cryptocurrency sits at $1.23, marking an increase more than 300% in the last 48 hours. EVX has a market cap of a little more than $27 million, making it the 140 largest cryptocurrency in terms of total market capitalization.
Not only is this the higher price EVX has been trading at in 2019, but its also the cryptocurrencys 10-month high.
The primary source of liquidity and main market of EVX trading seems to be Binance the worlds leading cryptocurrency exchange. It reports an EVX/BTC traded volume of more than $145 million in the past 24 hours, accounting for almost 92% of the total trading volume EVX saw in this period.
Besides it being an altcoin season, which typically favors violent altcoin price movements, the primary reason for EVXs pump can be associated with recently published news.
Everex announced that their project has managed to receive approval from the state of New Jersey in the United States of America to onboard its users and to perform crypto-to-crypto domestic, as well as international transactions.
The reason for which this seems to be so significant for the price is because Everex is primarily a Singapore-based company with a main focus on Asian markets. Hence, taking its technology to the US and making sure that it is a compliant transacting technology substantially expands the projects reach.
Big news of the kind have the tendency to move price substantially, even though its important to note that an increase of more than 280 percent in 48 hours remains somewhat unorthodox.
Furthermore, a few days ago, EVX announced that it is being supported by the Ethos Universal Wallet, essentially improving its adoption further.
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Litecoin is the biggest Altcoin
Even if they do not accurately understand how it works, most people are at least somewhat familiar with Bitcoin. However, once they begin to get involved with cryptocurrency, they may be surprised to learn that there are actually hundreds of types of cryptocurrencies known as altcoins. Altcoins are anintriguingfacet of the cryptocurrency landscape, but they are not foreveryone. Altcoin newcomers often have many questions, and this guide will provide a brief overview of altcoins to help beginners decide whether or not to invest in them as part of their cryptocurrency portfolio.
The word altcoin is an abbreviation of Bitcoin alternative, and thus describes every single cryptocurrency except for Bitcoin. Altcoins are referred to as Bitcoin alternatives because, at least to some extent, most altcoins hope to either replace or improve upon at least one Bitcoin component.
There are hundreds of altcoins (CoinMarketCap listed 478 at the time this guide was written), and more appear each day. Mostaltcoins are little more than Bitcoin clones, changing only minor characteristics such as its transactions speed, distribution method, or hashing algorithm. Most of these coins do not survive for very long. One exception is Litecoin, which was one of the first altcoins.In addition to using a different hashing algorithm than Bitcoin, Litecoin has a much higher number of currency units. For this reason, Litecoin has branded itself as silver to Bitcoins gold.
The top 5 altcoins according to CoinMarketCap
However, some altcoins innovate by experimenting with useful features Bitcoin does not offer. For example, Darkcoin hopes to provide a platform for completely anonymous transactions, BitShares describes itself as a fair version of Wall Street, and Ripple serves as a protocol users can employ to make inter-currency payments with ease. Some altcoin ecosystems, such as CounterParty and Mastercoin, even utilize the Bitcoin blockchain to secure their platform.
Many Bitcoin enthusiasts argue that altcoins are completely unnecessary and will not succeed because they cannot rival the infrastructure Bitcoin boasts. However, altcoins serve an important role. Decentralization is one of Bitcoins most prominent goals, and altcoins further decentralize the cryptocurrency community. Moreover, altcoins allow developers to experiment with unique features. While it is true that Bitcoin can copy these features if the developers or community desires, fully-functioning altcoins are much better cryptocurrency laboratories than Bitcoins testnet. Finally, Altcoins give Bitcoin healthy competition. Altcoins give cryptocurrency users alternative options and forces Bitcoins developers to remain active and continue innovating. If users do not feel that Bitcoin satisfies their digital desires, they can adopt an altcoin. If enough users left Bitcoin for a particular altcoin, the Bitcoin developers would have to adopt the features the community desired or risk losing its place as the preeminent cryptocurrency.
Namecoin was the first altcoin. It seeks to decentralize the world of online identities.
Created in April 2011, Namecoin was the first altcoin. Although it also functions as a currency, Namecoins primary purpose is to decentralize domain-name registration, which makes internet censorship much more difficult. As its place among the top ten cryptocurrency market caps suggests, Namecoin has remained one of the most successful altcoins throughout its short lifespan.
Due to how recent cryptocurrency was invented and how rapidly the landscape changes, all cryptocurrency investments carry a great deal of risk. Even Bitcoinby far the most stable cryptocurrencyexhibits price volatility on a regular basis.
By comparison, however, altcoins are exponentially more volatile. Because they have such low market caps (the total value of all coins combined), altcoin markets are highly prone to price manipulation. Wealthy traderscolloquially called whalesoften inject large amounts of capital into low-priced coins to build hype and cause the price to skyrocket. Once the price has risen considerably, the whales sell their coins on exchanges at a massive profit, hurting many gullible investors in the process. This method is known as a pump and dump. Not only does this hurt greedy traders who did not take the time to do their homework, but it often proves to be the breath of an altcoins brief lifespan.
To avoid losing all your money in a pump and dump, focus on long-term investments in coins you believe have immense potential and exhibit overall health. Generally, healthy altcoins possess strong communities, exhibit high liquidity, and have developers who proactively improve the coins source code (though not necessary, many users also prefer developers who reveal their true identities).CoinGeckos comprehensive coin metric analysis algorithm statistically analyzes these three important factors and ranks coins according to overall strength.
CoinGeckos coin ranking chart ranks coins according to overall health.
If you do choose to invest in altcoins, it is important to remember somebasic tenets of investing. Avoid the hype that coin communities propagate. Investors have an agenda, so you should not take their word at face value. Only invest in coins you have researched. It is unwiseto invest in something you do not understand. Making an ill-informed investment is the first step to losing your hard-earned money. Take the time to research the coins you are considering for long-term investments, and research day-trading before you attempt to become a high-volume, short-term trader. Most importantly, never invest more than you can afford to lose. Far too many people have lost their life savings by centralizing them in volatile investments.
As with Bitcoin, there are a variety of ways to obtain altcoins. The most basic way to obtain altcoins is to accept them as payment for goods or services. If you are interested in doing this, place an ad showcasing your skill-set ona cryptocurrency job board.
You can also trade for altcoins on cryptocurrency exchanges. Most exchange use Bitcoin as an intermediary (although a few include fiat pairs), so if you do not already own bitcoins you will need to buy some before you can trade for altcoins. Some of the most-trafficked exchanges include BTER,Bittrex, MintPal,Cryptsy, and BTC38 (Chinese-only).
Many altcoin communities also sponsor giveaways to increase exposure of their coin and enticenew users to join their communities. This is a great way to acquire coins if you are low on fundsor do not have marketable skills.
Featured images from Shutterstock.
What is an Altcoin? - CCN
Altcoin Trader activity in South Africa is on the increase. Find out more about alternate cryptocurrencies and real alternatives to Bitcoin. Bitcoin Traders and Altcoin Traders in South Africa will find useful information about every alternative coin that an altcoin trader may be interested in. Client download locations, mining guides, exchange info and more.
The options available to an altcoin trader in South Africa and Nigeria are limited when it comes to exchanging ZAR or NGN for altcoins. iCE3X currently offers multiple altcoin markets, as well as dynamic deposit options using iCE3X Flow.
Altcoin Traders in South Africa and Nigeria have been frustrated, as we have had to play catch-up. But altcoin traders can now trade Bitcoin, Litecoin, Ethereum, Bitcoin cash and many more, for South African Rand (ZAR) or Nigerian Naira (NGN) using the iCE3X website on mobile or desktop. We are not only behind people who are trading bitcoin as this cryptocurrency is the most expensive and spoken of. We are constantly investigating new altcoins if we find that they are worth investing in, and not just another. Ponzi schemes! That is why our motto is: to protect our traders interests, by being confident and familiar with the coins that we are offering you to trade with on our platform.
Its very common nowadays for companies to introduce mobile versions or applications (app) for their websites. Although the customers of these companies might think on the one hand its a great feature and on the other that the app creates a sense of security, sustainability or reliability off the company, they are likely to be mistaken! Most of the times these attributes attached to companies with a mobile app are false. Let me tell you something, do not be fooled! When you install an app to your mobile device there is a +1 way for hackers to hack your phone, tablet or whatever you use!
Not only do these companies introducing their app have to develop top-notch security for their website andtrading platform but also for their new app to avoid hacking. I would not count much on that, as it would be costly and time-consuming and therefore not high on the priority list of most companies.
The real question on your lips might be if iCE3x has an app. The answer is no and will remain no for future references as well!
Instead of creating or designing an app and not being 101% sure that our customers (YOU) are safe and secure, we have rather opted to designed our cryptocurrency exchange website to look and function exactly like an app, when you reach it with your mobile browser. Isnt it smart? ICE3x as a company therefore provides true security, sustainability and reliability to our customers!
The above screenshot is an example of night vision mode. I personally like this mode best.
iCE3X is the premier destination for serious bitcoin and altcoin traders in South Africa and Nigeria.
We at iCE3X offers the following altcoins:
Altcoin traders should consider these tokens a little like trading penny stocks. There are huge opportunities for quick profits. This is because the risk is high. At the same time, the opportunities for loss is real and substantial. As usual, altcoin traders should only trade with funds they are willing to lose. You need to keep that in mind if you are a real altcoin trader. Simply, because its hard to determine if some altcoins is a Ponzi scheme. For example: You will have a scenario where many altcoins start at a very low price like R0.50. Later on, due to false information, those altcoins reach very high prices in relation to what the start price was. If you as an altcoin trader are too late buying or selling, you may end up spending/losing money that you wont be getting back any time soon!
Another example which is also a big issue is when the owner of the altcoin can produce as many coins as they want. You cant rely on that, because if the price goes up, the altcoin owner will produce X amount, and sell for less than you. Again, you are the one who will be screwed. For that reason, be careful! We at iCE3X take care of this by avoiding trade with altcoins that are not proven.
There is a legitimate crypto frenzy at the moment. The blockchain technology that underpins these altcoins is currently hyped. Many traders, even in mainstream finance, are now more interested in becoming altcoin traders. It is easier and faster to get involved in altcoin trading as it costs less than Bitcoin currently but with real potential to rise to Bitcoin value fast. Who can predict that bitcoins price will skyrocket again as it did in 2017? The bitcoin price at the time of write is R95 500. No one can predict or confirm with accuracy that it will reach the all-time high of R300 000 anytime soon. It is more attractive to spend less now with great prospects of eventually making more. The bottom line is still, that if you are not willing to lose money, you are better off to consider to invest in altcoin.
We recommend that as an altcoin trader, you can give yourself an advantage above the rest and make good profits by doing the following:
At iCE3X we will help our altcoin traders, as much as we can, every step of the way.
Tell us, are you an altcoin trader yet?
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Altcoin Trader South Africa - ice3x Altcoin Exchange ...
Altcointrader.co.za Review Altcoin Trader, Login, Registration, News
Altcoin trader is a platform where you can buy and sell Bitcoin (BTC) and Ethereum (ETH) in exchange for South African Rand (ZAR). It is sometimes called the helm of Crypto trading in South Africa. Altcointraders website was registered on the 1st day of July, 2014. To trade on Altcointrader, you must be 18 years and above.
How do you buy Bitcoins on the Altcoin Trader Platform?
Buying Bitcoins is a very simple process but when working with money you need to take care to not make mistakes!
You simply go to the Buy BTC section of the website then fill in the Amount of BTC to buy, Price per BTC and click the Buy BTC button.
Altcoin Trader promises a secured trading platform. This platform has been serving South Africans since 2014/2015 till date. This shows the site is genuine.
You can contact Altcoin trader using the details below.
email@example.com@altcointrader.co.za(ID, Proof of residence)
P.O.Box 377RoodepoortSouth Africa1725
To access, Register of Login to Altcointrader.co.za, click the link below.
Please also use the Live chat box herein to chat with real people to get a possible solution to your problem. You can always use the comment section to testify about the good and bad with regards to the reviewed platform. Email Testboo.firstname.lastname@example.org to report anything.
South Africans and Africans in general are still trading in AltcoinTrader.co.za and there are no negative complaints so far.
Irrespective of the decline in prices of Crypto currencies, Altcointrader.co.za is still buzzing with a lot of activities. This site has really come to stay.
NB There has not been any negative comment about Altcointrader on this platform. Notify the world and us if you are experiencing anything you do not like on Altcointrader .
NB Once you are asked to send money to claim any price, it is simply a scam.
Altcoin trader has proven to be one of the best trading platforms in South Africa.
Altcoin Trader Login
Altcoin trader is a platform where you can buy and sell Bitcoin (BTC) and Ethereum (ETH) in exchange for South African Rand (ZAR)
Its hard to imagine a time before cryptocurrency exchanges were stocked with hundreds of digital assets. A time before the pejorative shitcoin had been coined and there was no such metric as bitcoin dominance. But travel back to late 2010 and thats exactly what youd have found: a cryptosphere in which BTC was the only coin in town. But all that was about to change.
Also read: Bitcoin History Part 4: Casascius Creates Physical Bitcoins
The first altcoin to emerge following bitcoin wasnt litecoin, peercoin or dash. Rather, it was a now obscure cryptocurrency called namecoin (NMC). It was unveiled on the Bitcointalk forum on April 18, 2011, with a mandate that read quite differently from that of BTC. Compared to the many identikit alts that sprung up in the months to follow, NMC began life with novel intentions. Namecoin is a naming system based on bitcoin with a few modifications, explained its [announce] thread, utilizing a formula that is today known as an [ANN]. This is a new blockchain, separate from the main Bitcoin chain. Name/value pairs are stored in the blockchain attached to coin Names expire after 12000 blocks unless renewed with an update.
Curiously, but perhaps not surprisingly, the inspiration for Namecoin came from Satoshi himself, though he had no hand in its development. Four months earlier, Bitcoins creator had essentially conceived the idea of Namecoin, writing, in a thread titled BitDNS and Generalizing Bitcoin, While you are generating bitcoins, why not also get free domain names for the same work? If you currently generate 50 BTC per week, now you could get 50 BTC and some domain names too. Satoshi went on to explain a technical proposal involving merkle trees that would eventually form the basis for Namecoin.
Moreover, Namecoins goal of serving as a decentralized domain registration system may have been partially inspired by Satoshis own experience of purchasing the bitcoin.org domain in 2008. With no anonymous cryptocurrency with which to pay, he was forced to use anonymouspeech.com, which enables services to be acquired using gift cards.
Today, namecoin is effectively a dead coin, despite still being listed on Poloniex and Livecoin. In its seven-year history, NMC has had its moments of glory, like the time it pumped to $15.41 per coin or 0.014 BTC in Nov. 2013. Or the time it hit $8.64 in January of this year, one final burst of nostalgia at a time when every shitcoin under the sun was pumping. By then, namecoin was already a dead coin, with its bitcoin value reaching just 0.0006 BTC per coin. Today, its 24-hour trade volume stands at $15,000 and Namecoins DNS naming system is dead in the water. Thats not to say NMC has been an outright failure, however.
With over 2,000 cryptocurrencies now vying for supremacy, Namecoin can be credited with either starting the stampede or instigating the rot. Whatever ones assessment of Namecoin and the plethora of altcoins that followed, NMC was pivotal in demonstrating that there is space in the cryptosphere for more than just one digital asset. Today there are multiple bitcoins and a panoply of shitcoins, but at a 97 percent reduction from its all-time high, Namecoin embodies the fate of all altcoins to date. As the history books show, Bitcoin is easily emulated but never bettered.
Bitcoin History is a multipart series from news.Bitcoin.com charting pivotal moments in the evolution of the worlds first and finest cryptocurrency. Read part fourhere.
Images courtesy of Shutterstock and Coinmarketcap.
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