Verge's long awaited, highly anticipated partnership announcement is finally here! Drumroll please … Who is the lucky partner? Turns out… Pornhub! Steemit Post: https://steemit.com/verge/@cryptovestor/verge-the-big-announcement-trading-opportunities In all seriousness, this came as quite a surprise and is a fairly big deal in the crypto space. While it seems Verge paid fairly steeply to get into bed with Pornhub (sorry, couldn't resist), it is far better than Verge taking the money altogether. While this significantly reduces the odds that Verge is an outright scam, it doesn't change the matter of incompetence. Therefore, it appears to me that Verge is more joke than scam (which is a significant upgrade). This means it is still uninvestable, but slightly safer for those of you who are trading it based on Greater Fool theory. I'd still sell, but that's mostly because I can't handle the risk associated with such cryptocurrencies. Also note that I am not well aware of Pornhub's business model, but if it's mostly driven by advertising, I don't know how much of a difference the acceptance of Verge will actually matter. Either way, the announcement made for an interesting day! The rest of the video discusses trading opportunities in the following cryptocurrencies (simply based on the levels they are trading at): 1) Dash
3) Zcash What are your thoughts on the Verge announcement? Let us know in the comments below. Thank you for watching / reading! ================
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================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously – look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q
Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary.
================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc).
================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex.
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Verge: The “BIG” Announcement + Trading Opportunities