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Generally, joy and optimism are awaiting the new market players that will join the Bitcoin realm, their pockets full of fresh cash to invest and add to the demand, when futures are traded by CME and CBOE on Dec. 10 and 18.

The news from CME even sent Bitcoin price to a new all-time high of $7,000; thus it is unsurprising that the small fry on forums and around the dinner table are excited about the prospect of new investors coming in on the backs of futures.

But futures are scary things, and perhaps there is also a dark side coming to the Bitcoin market as now people can profit just as much from the drive diving as they can from it rising. There could be some big swells from some big whales on its way.

How futures can affect Bitcoin
As it stands, the man with a fraction of a coin is as happy as the man with 100 the way the Bitcoin market operates at the moment. The more the price rises, the happier each of them are. Higher price means better returns and more money for nothing.

There is no need for the big name players in the Bitcoin market to cause too many waves as they are currently profiting happily from the way things are going. However, futures introduce a different type of playing field as whales, and these are whales that make Bitcoin whales look like shrimp, have an incentive to drive the market down.

Cash markets, such as Bitcoin, are there to serve investors, but a futures market is something different, it is there for people to hedge against risk. It is a pessimistic way to invest, and it bases itself on profiting when things go bad.

A farming analogy
Futures are seen a lot in farming as crops are subject to so much volatility (from pricing and markets to weather and pests) so a farmer will sell his corn on a futures market to guarantee the price when he does eventually get his crop to market.

At the same time, someone who wants the farmer’s crops will buy that futures contract in the hopes of securing a price should the price of the crops rise. Both of these players are now hedging on opposite ends and a balance is essentially struck.

Back to Bitcoin
Understanding futures like that, and applying the model to Bitcoin, there is a clear gap.

Miners sell their ‘futures contract’ to make sure they get the price for the coins they intend to mine in the future. Bitcoin holders are doing the same sort of thing in order to hedge their downside.

But now, there is no hedger on the buying side, so there is no equilibrium and the pressure is asserted on the downside. There is balance coming from the buyers, the speculators, but that equilibrium has always been met by a strong Bull market.

Now, there is a reason to be a strong bear with Bitcoin futures as three is profit to be made hedging against Bitcoin. Those entering the market, flush with never before seen cash, could enter as a bear and do all they can to drop the market.

Because the market is still just in its infancy, there is a chance that bears could overwhelm it, and still profit.


Sitting with a price tag of £5.3 mln, 13-acres of a Caribbean island is up for sale, but it would mean you have to shell out just over 570 BTC as the sellers are adding to the Bitcoin adoption narrative stating they will only accept cryptocurrency for the property.

There are a number of expensive and luxury properties that have found their way onto the real estate market across the world with price tags only in Bitcoin. A luxury apartment in Notting Hill, a Miami mansion, but even a reasonable house in Grimsby, England, has garnered attention from Bitcoin buyers.

Bloody Bitcoin Bay
The tropical hideaway on Union Island in St Vincent and the Grenadines currently is only a piece of land on a bay called Bloody Bay. However, the sale does come with plans for a villa, as well as a beach bar.

The area has seen some major development, and much like Bitcoin is a burgeoning opportunity.

The land for sale is within a few minutes of a small airport linking Union Island with St Vincent and the other Grenadine islands.

On the neighboring Canouan Island, more than £150 mln has been spent by the owners of the famous Sandy Lane resort in Barbados on developing the Pink Sands Club.

Real Estate hype
While there has been a boom in Bitcoin real estate, its reasoning may not be as simple as a form of adoption.
There is obviously a fresh new wave of interest and keenness from individuals who are looking to accumulate the skyrocketing asset which is being classed as digital gold. By receiving Bitcoin over regular fiat, investors suddenly have a huge influx of a currency that seems unstoppable on its upward trajectory.

However, the real asset is the hype that a Bitcoin price tag brings. Many of these sales that have been in the media recently would never make it outside of the realtors own books. Yet, the news of a Notting Hill apartment and a Miami Mansion have crossed oceans.

The £17 mln mansion in Notting Hill has seen unprecedented interest since it went on sale in October. Lev Loginov, co-founder of property firm London Wall, which is selling the property, said:
"Last week we had 15 viewings. It 's coming from Asia. I don't think we 've had anybody older than 30."

New millionaires
It also helps that those who invested in Bitcoin in the early days have been turned into instant millionaires in this year alone with its massive growth. Bitcoin worth a few hundred dollars only five years ago could now be worth just about enough to buy Bloody Bay.

To that end, by placing a Bitcoin price tag on it, a new market is opened, and it is a market that has never been targeted before.

Loginov adds that it is early miners who own large numbers of Bitcoins:
"It’s lots of young people who got involved in cryptocurrencies at an early stage. Most of them made money from mining cryptocurrencies, and basically, they're looking to acquire assets. "


The Bitcoin price is continuing on its unparalleled trajectory higher as Wednesday’s new all-time highs reach $13,200.
According to average exchange data from Coinmarketcap, Bitcoin was trading just under $13,000 at press time, having corrected after breaking the barrier for the first time.

A new record has become an almost daily occurrence for Bitcoin over the past week, with prices exploding 50 percent from $9,000 just days ago.

Bitcoin Charts

Cointelegraph reported yesterday as prices passed $12,000 that the imminent onset of regulated futures trading was a major driving factor for incoming investment.

As prices continue to grow, however, many are now beginning to ask when the historic bull run will slow - or reverse.
Tweeting his forecast Tuesday, Max Keiser, the commentator famous for his Bitcoin and Dash advocacy, said he imagined $15,000 would the limit at which markets would take stock. 

Fellow major proponent John McAfee conversely left the future open-ended, saying that in any case, $14,000 will appear “by the end of January.”

McAfee has a vested interest in ensuring astronomic growth in Bitcoin continues as fast as possible, havingdoubled down  on his pledge to eat his own penis on live TV if prices did not reach $1 mln by 2020


Bitcoin is the world's leading virtual currency, operating independently of any bank or central authority.
It was created in 2009 by an unknown person using the alias Satoshi Nakamoto, resulting in a so-called cryptocurrency that has its own value and is not tied to any physical currency.
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Coins are transferred directly between users, and are kept in a digital wallet that can be accessed on a computer or mobile device.

A number of retailers now accept Bitcoin.

But aside from trading them for goods and services, or buying them on an exchange from existing users, new coins can be generated through a process called "mining" - where software and in some cases specialised computer hardware is used to to verify others' Bitcoin transactions.

Bitcoin relies on this kind of decentralised technology - called the blockchain - for secure payments.

A number of global authorities have started to crack down on the virtual currency amid rising concerns about money laundering, hacking and tax evasion.

There are worries over the lack of regulation - as no Government or authority has jurisdiction over its use - and the fact that transactions are encrypted and hard to trace.

The resulting anonymity has made Bitcoin attractive to criminals.

Parts of the NHS and other global organisations were brought to a standstill earlier this year by hackers who demanded ransoms paid in Bitcoin to unlock their computers, and the Metropolitan Police has now said that criminals could be laundering their money through cryptocurrency cash machines which convert money to the likes of Bitcoin.

The Treasury has said it now intends to regulate the digital currency, as part of EU-wide plans that will require online platforms that trade in Bitcoin to carry out due diligence on customers and report suspicious transactions.

There are also worries over volatile trading in Bitcoin, which has surged past the 10,000, 11,000 and 12,000 mark in recent weeks, according to prices on cryptocurrency exchange CEX, despite suffering corrections as large as 20% over the period.

Experts have said the price moves are making Bitcoin look like a speculative bubble that could eventually burst.


                  What opportunities does Bitcoin offer?

Supporters of the crypto-currency argue that the virtual money can be abused in just the same way as cash and credit card payments, and say products like Bitcoin can open the door for economic participation for billions of consumers.

The head of the International Monetary Fund (IMF), Christine Lagarde, has admitted that cryptocurrencies could be a useful tool, with virtual currencies potentially "easier and safer" to hold than paper bills in remote regions, or countries with unstable national currencies.

Meanwhile, the blockchain technology underpinning Bitcoin - which was originally developed as a hub to track transactions - is being adopted by mainstream banks and financial institutions.

It is widely seen as an opportunity to strip costs, serving as a central ledger to track and verify transactions that cuts out the need for fee-charging middlemen, at a time when competition and low interest rates are squeezing banks' profit margins.


                      How are people investing in Bitcoin?

Aside from "mining", receiving payments for goods and services, or buying Bitcoin on an exchange, new opportunities are emerging for cryptocurrency investors.

US regulators have given the green light for three American exchanges to offer futures trading in the cryptocurrency, including the Chicago Mercantile Exchange (CME), as well as the CBOE Futures Exchange (CFE).
Nasdaq is also considering offering Bitcoin futures in early 2018.
Advocates say the move will help legitimise Bitcoin's use and lower volatility levels.


After Jamie Dimon drew a line in the sand for JPMorgan, calling it a ‘fraud,’ the company has once again stepped over that line, praising the digital coin as a ‘new gold.’

Analysts at JPMorgan believe that Bitcoin has changed its shape and that it could soon be joining gold as a reliable, long-term way to store wealth. Recent growth and recent changes have seen Bitcoin lean more towards being digital gold, and this is where JPMorgan see its value.

“Potential to elevate cryptocurrencies to an emerging asset class”

According to JPMorgan analyst Nikolaos Panigirtzoglou, the incredible spike in the value of Bitcoin is allowing it to start competing as an asset class; and seemingly at the same time drop out of the currency race.

There are changes afoot in the Bitcoin market, especially when it comes to making the digital currency easier to invest in. Panigirtzoglou said:
“The prospective launch of Bitcoin futures contracts by established exchanges, in particular, has the potential to add legitimacy and thus increase the appeal of the cryptocurrency market to both retail and institutional investors.”
Still chasing gold
There is an ongoing debate over which is more popular, and if one can kill the other when it comes to talking about investing in gold and Bitcoin. However, the precious metal may be steady and safe, thus not as exciting as Bitcoin, but it still holds a large chunk of influential sway.

Bitcoin still falls short of Gold’s $6 tln valuation, however, it is the speed at which it has grown which is more impressive. The huge growth spurt could make cryptocurrencies match or even surpass gold quite soon as an investable asset.

Good news for banks
Around the time Dimon was spurting his rhetoric on Bitcoin, there was a feeling that the banks and Bitcoin were in a battle royale. The one was being challenged by a young upstart of a digital currency, and losing ground.

Banks were nervous of Bitcoin as a currency and how it could liberate people from the clutches of the government-backed fiat, however, that fight has died down somewhat as the future is now aimed at accumulating the valuable asset.

Instead of a flying in the face of the institutionalized banking system, Bitcoin looks like it has outgrown its angsty teen stages.There is now a literal digital gold rush as the fear of missing out sweeps the globe.


As Bitcoin continues to grow and grow, people try to quantify where it stands in relation to other markets, companies, people, and even countries. As it stands today, Bitcoin is worth more than the GDP of New Zealand.

Of course, this makes it sound like a dangerously huge entity, and also makes it sound like it is inflating to a bubble-pop point, but with all these comparisons; from the Queen, to Warren Buffet and Bill Gates, it is more important to look at its market status.

Bitcoin can buy you a lot of things, in terms of retail, but in terms of value globally, it can buy a lot more. However, despite the buying power of this digital currency, it is still that same small fish in a large market ocean.

What can all Bitcoin buy you?
If suddenly, you found yourself in possession of every Bitcoin in existence, you first stop should be your own private Island; Richard Branson-esque. But instead of a sandbar, why not buy New Zealand whose GDP sits at economy, is valued at $185 bln, according to World Bank data.

You could also instead opt for Qatar, Kuwait and Hungary.
Business more of your thing? You could get into the banking market ironically and buyout Goldman Sachs and UBS. Goldman Sachs Group Inc.’s market cap is $97 bln while UBS Group AG came in at about $67 bln. Add those numbers together and it still falls short of Bitcoin.

Traveling will be important with your new found fame, so why not buy Boeing? The aeronautics company has a market cap of $162 bln thanks to over a century of building the aerospace frontier. Bitcoin is worth more than that and is less than 10 years old.

Perhaps you are a little paranoid about this earth and would like some military hardware, you could spring for 14 aircraft carriers. The USS Gerald R. Ford, the first of a new class of nuclear-powered supercarriers, was delivered to the US Navy in May. It cost an estimated $13 bln.

There is also a chance to be the richest person in the room if that room had the mega-rich Warren Buffet, Bill Gates, and even her majesty Queen Elizabeth II. Gates and Buffett come in with nearly $90 bln each while the Queen chips in with a paltry $383 mln.

Impressive, but meaningless
All these comparisons really illustrate is that there is value in Bitcoin and that it has buying power. Many can look at that as signs that this emerging currency is getting too big for its own good, but it’s not.

Comparing the residential real estate market to how many aircraft carriers you can buy (1,2461 by the way) it is ridiculous and nonsensical. That is because the real estate market is just that, a mega-market that has structure in place that can collapse, and even pop.

Bitcoin is too small to pop, despite what many of the major money men feel, such as Buffet. Buffett claimed that Bitcoin is a “real bubble,” when giving a speech in early October.

"People get excited from big price movements, and Wall Street accommodates. You can’t value Bitcoin because it’s not a value-producing asset."
Jim Rogers, the famous investor guru and founder of the Rogers International Commodity Index (RICI) has expressed his opinion that Bitcoin “looks and smells” like a bubble.
Via a technically sound ‘smell test’ Rogers has suggested that Bitcoin is a bubble. In fact, the investment guru said:
“It looks and smells like all the bubbles I have seen throughout history.”


The Bitcoin price has hit $12,000 just days after $10,000 and $11,000 came and went in the blink of an eye.

                       FROM $10K TO $12K IN JUST DAYS

Data from Coinmarketcap, which averages trading prices across major exchanges, showed Bitcoin selling for $12,020 as of press time, marking yet another all-time high in the virtual currency’s record-breaking year.

Enthusiasm around Bitcoin’s mainstream potential shows no sign of abating following US regulators’ decision to allow Bitcoin futures trading and other products from CME Group, CBOE and Cantor Exchange.

As prices shot up in light of the announcement, volatility ensued, which saw Bitcoin hit $11,000 and drop below $10,000 before rebounding, finally edging higher to maintain a solid footing above the former barrier.

Volatility accompanying the past week’s unprecedented growth gave rise to a new wave of warnings from the mainstream press, with frequent talk of a bubble imminently set to pop once again.

Bitcoin passes $12k

                                                 KEISER EYES $15K WATERSHED

While markets are yet to see a sustained major drop below $9200, the question on the lips of analysts within cryptocurrency is just how high Bitcoin can go before its behavior changes.

Tone Vays, describing this week’s trading as “times that try men’s souls” had forecast an “insane” week December 2, while 24-hour volumes across Coinmarketcap resources are on track to reach $15 billion.

Max Keiser, taking a more speculative standpoint, meanwhile suggested a $15,000 top before the status quo became noticeably different.

“$15,000 will fall before Santa calls Rudolf,” he wrote Tuesday.

Bitcoin’s market cap share remains near its highest rate in months at 56.3%, giving over $6.6 billion in trade volumes. Bitcoin futures are due to enter the market December 10 and 18 from CBOE and CME Group respectively.

How do you think Bitcoin will change by Christmas? Let us know in the comments below!


The first of its kind to be funded by bitcoin, Silk Road, the play, ran in 2014 at the prestigious Edinburgh Festival Fringe. After a hiatus, it’s back and having a premiere in London. A one-man story based loosely on the trials and tribulations of Ross Ulbricht, who was convicted of having operated the notorious site and sentenced to two life terms, the production is both a symbol of the world’s most popular cryptocurrency’s drama and its power.

        Ulbricht 's Silk Road Story, Funded by Bitcoin, to Debut in London

    Silk Road the First Theatrical Production to be Funded by Bitcoin

Silk Road is Alex Oates’ attempt to weave mild politics in with a kind of morality tale. He was able to crowdfund his project on multiple sites, including Kickstarter. Even those participating in the original Silk Road forums were solicited, and an anonymous donor gave two bitcoin. At the time, they barely scraped 400 dollars a coin. Now, of course, they’re hovering over 11,000 USD. That, and according to press reports, Mr. Oates “has gone on to amass a ‘blockfolio’ currently worth $40,000, made up of multiple cryptocurrencies.”

Alex Oates didn’t describe himself as someone particularly interested in bitcoin prior to hearing about Silk Road. After an encounter with the site, and the subsequent arrest and conviction of its alleged mastermind, Mr. Oates saw a story there.

            Ulbricht 's Silk Road Story, Funded by Bitcoin, to Debut in London

The Ross Ulbricht story is worth telling, and worth telling in as many different ways as tears have been shed. For mainstream media, it’s a story of drugs and forbidden websites and a mysterious currency used by scofflaws. Some of that is undoubtedly true, but there’s a deeper, almost inchoate sense of morality and proportion often missed.

Mr. Ulbricht at most brought buyers and sellers together without official sanction. He never personally sold illegal drugs. Never purchased them, either. Instead, buying and selling occurred on the Silk Road in permissionless goods and services, some of them deemed illegal by some governments.

A bright, and by all accounts, kind and brilliant young man was essentially made an example: mess with unregulated currency, facilitate anything less than completely micromanaged commercial websites, and that person is risking their life.

                                    Silk Road, the Play

Starring UK television actor, James Baxter, Silk Road is the story of the character Bruce Blakemore, a working class bloke from North Eastern England who lives with his grandmother. Reviewers have called it “a host of unforgettable characters … [a] pitch-black comedy for the Bitcoin generation.”

Directed by Dominic Shaw, it is “the first show ever funded by the crypto currency, Bitcoin,” they claim. It follows Bruce as he and his “nan” are roped into the seedy underworld of dark websites, pirates, drugs, and eventually law enforcement.

It opens at the Vault Festival, January 24th, 2018, and runs through the 28th at the Shrapnel Theatre.
Those interested in supporting Ross Ulbricht’s future appeals are encouraged to surf over to FreeRoss.org.

What are your thoughts in popularizing the Ross Ulbricht story? Tell us in the comments section below.


Bitcoin temporarily hit $12,000 and a $200 bln market cap Tuesday before correcting as prices continue their remarkable week-long surge.

As major exchanges such as Coinbase, Bitstamp, Kraken and others trade around $11,850 at press time, lively global markets produced an average all-time high of $12,027.

Bitcoin Charts
This is the first time Bitcoin has passed the new barrier, having grown from $9200 lows within a matter of days.
The pace of progress comes as the prospect of a Wall Street influx via regulated Bitcoin futures comes true December 10 and 18 as CBOE and CME Group enter the market.

Commenting on the continuing investment into Bitcoin, Chris Burniske noted the swing away from ICOs in recent months to favor the largest cryptocurrency.

Bitcoin forks are swiftly becoming the talk of the speculative crypto investment world, with a host of Bitcoin ‘impersonators’ lined up to debut this month.

So far, however, extant forks have failed to match BTC’s progress, Bitcoin Cash up 1.7% in 24 hours and Bitcoin Gold posting flat performance for the same period.

By contrast, privacy-focused altcoin Monero continues as the clear altcoin winner, advancing another 22% Tuesday to hit its own all-time highs of $240.


Sandra Phlippen of AD Newspaper, owned by a Belgian private news company, in the Netherlands is imploring citizens to spend all their Bitcoin now in order to avoid the supposed inevitable crash. The Economist states that Bitcoin is building to a point where, when - not if - it crashes, it will be so big that it would destabilize the real world economy.

The argument goes that Bitcoin is already a threat to government and undermines the central authority of banks in sovereign states. Thus, as it continues to grow, it will cause irreparable damage to the economy, and again when - not if - it collapses, she states, the damage will be gigantic.

Rising fast
The recent growth spurt has got many people talking on both sides of the Bitcoin. Some are elated at the adoption and the associated price jump, while others are fearful of just how high the roller coaster goes.

Phlippen argues that, with information sourced from Joshua Brown, a New York financial advisor, on his private blog, that Bitcoin needs $17 mln a day to carry on without crashing. As more and more interest flows towards Bitcoin then, it is argued that that figure will rise. But because it is still such a new market, it could start to miss the predicted magical figure.

Brown explains:
“Speaking of the dot-com boom, I think this is the same thing. The people who are buying into this mania most heavily, in an emotional sense, were in elementary school for that.”
Undermine the government
Phlippen's biggest fear of Bitcoin, however, is that it undermines the government. She spouts the usual rhetoric about tax avoidance and money laundering. Additionally, it is a concern, she states, that the additional revenue that comes from Bitcoin’s growth in citizens’ wallets cannot be used to benefit the centralized government. It is the issue with gains tax and the anonymity that is empowering citizens that is unpleasant to the author.

The central bank imbalance
Not only does Phlippen highlight the plight of the government when it comes to a big Bitcoin market, but she also has concerns for the banks too.

Phlippen says:
“Central banks also have less influence on keeping the economy stable. In times of crisis, central banks can, through their influence on ordinary banks, ease credit conditions and encourage people to consume. The bank has no control over the Bitcoin economy and an economic crisis can become deeper.”
What to do?
Through all this doom and gloom of Bitcoin getting so big that it eventually reaches its breaking point and blows, along with the rest of the world economy, Phlippen's advice is: ‘sell.’
“So there is nothing else, dear Bitcoin-fans, that Bitcoin can only crash very quickly, so, before it disrupts our economy, If I had one, I would sell it now.”


A traffic fines administrator in South Africa has opened up the opportunity for their clients to pay outstanding fines in Bitcoin. The decision by Cornelia van Niekerk has been sparked by the massive mainstream drive Bitcoin recently felt, sparking many businesses into action to adopt.

However, her company, Fines4U, are not adopting Bitcoin in the more traditional sense which has been seen in Japan in the likes, there is no POS system or direct QR payments, rather, this is an attempt by a business to accumulate Bitcoin without direct investment.

Van Niekerk’s company represents a new wave of individual adoption where users are thinking out of the box in order to be a part of the cryptocurrency flood, hoping not to be left behind.

Fixing that fine
Fines4U operates as an intermediary which helps companies and individuals pay fines, accepting the money for the fine and making the payment to the government agency involved. Van Niekerk says she manages traffic fines for about 500 companies and about 8,000 individuals.

Van Niekerk decided, after entering the Bitcoin market in her personal capacity in June, to try and up the ante in order to accumulate more Bitcoin, allowing it to be a payment method for her services.

A different type of adoption
There was a time where, when Bitcoin was much closer aligned to being a digital currency, that adoption of the digital currency entailed POS systems being integrated into businesses and retailers. However, things are evolving as the currency heads towards being more of an asset.

Now, with the hype at an all-time high, and a wave of individual adoption occurring, those who have been dabbling in the digital currency want to take a bigger plunge. Van Niekerk’s plan is to accept Bitcoin, store it as an asset, and pay the fines as part of her service with the local currency taken from the business.

She will determine the outstanding amount of the client’s traffic fines, give them the amount in Bitcoin, valid for a limited period.

She will receive the payment via her own ZuPago wallet and deposit the fiat on behalf of the client for the payment of the fine.

Growing demand
When Van Niekerk made the announcement she said the response was overwhelming, but it was not that there was a flood of payments in Bitcoin, more a thirst for knowledge from her clients.

“I deal with many clients on a daily basis, many of whom are big businesses. Suddenly everybody wants to get more information from me about Bitcoin,” Van Niekerk said.

There is also a similar instance where a doctor in South Africa has been doing something similar, accepting Bitcoin for his services, and then depositing the money from his own pocket into the business.

He does not actively promote it as a payment method and has over the period had four to five clients paying him in Bitcoin.

Bitcoin as a payment method is dying
Despite more and more people trying to get involved with Bitcoin, doing what they can to receive it, Werner van Rooyen from South African Exchange Luno, says that the use of Bitcoin for payments is actually going down.
“Most people see it more as an asset class and if you really believe it’s an asset, you think it might be worth more in future, you don’t want to dispose of it,“ he explained.

He says the other reason for the relative decline in payments using Bitcoin is that “the Bitcoin network has more transactions and users than it can currently properly handle, so the cost of sending Bitcoin and making a payment has become slower and expensive to the point where it isn’t a viable method to pay for your cup of coffee.”


Some investors think they missed out on Bitcoin because it's too expensive to buy at $11,418.70 a coin. But you don't have to buy one whole bitcoin at a time.

You can buy fractional shares of Bitcoin, and those fractional shares will increase in value each time the price of Bitcoin climbs. The best part is, you can buy as much or as little as you want and still profit from Bitcoin's rising price.


For example, if you purchase $1,000 of Bitcoin when it trades at $11,000 per coin and the price climbs to $12,000, your original investment would be now be worth $1,090.

Whether you just want to invest a few hundred dollars in Bitcoin or eventually want to own a whole coin, buying fractional shares is the best way to do it.

And now may be the perfect moment to buy the cryptocurrency, because its price is poised to soar even higher…

You Can Own One Whole Bitcoin Through an Accumulation Strategy
Even though Bitcoin may seem expensive now, you won't believe the projections over the next few years…
Standpoint Research founder Ronnie Moas hiked his Bitcoin price forecast from $14,000 to $20,000, according to a Nov. 29 Bezinga.com report.

That's a 75% increase from today's prices, and that estimate may even be too conservative…

John McAfee predicts Bitcoin will trade for $1 million by 2020, a 8,657% gain from the price of Bitcoin today.

If Moas' and McAfee's predictions come true, then today's Bitcoin price will look cheap in comparison.

That's why any Bitcoin price dips that happen in 2017 and 2018 will allow savvy investors to own a piece of the cryptocurrency at a potentially huge discount.

For example, Bitcoin opened at $10,077.40 on Nov. 29 but dropped to an intraday low of $9,202.05 on Nov. 30.

Investors could have used that intraday low as an entry point to work their way toward owning a full coin.

Investors who bought in at that price have already made a 24.08% profit.
But timing the market is impossible, which is why investors can use dollar-cost averaging to get closer to owning one full bitcoin.

Through dollar-cost averaging, investors would buy the same dollar amount of a crypto each month, no matter the current cost. For example, you would buy $1,500 of Bitcoin each month. If the price falls, you would be able to buy more Bitcoin, and if the price goes up, you would buy a smaller fraction of the coin.

By using dollar-cost averaging, you would accumulate Bitcoin without the risk of buying in during a particularly expensive month, while averaging it out by buying in during times when Bitcoin's price falls.

Let's say Bitcoin trades between $11,000 and $12,000 for the next four months.
You invest $1,500 each month, and the average cost of all your purchases turns out to be $11,500. If prices jump $1,000 or more in one day, to $13,000, you would make a 13% profit.

Sticking to this strategy helps investors avoid the pitfall of buying at a high and selling at a low. And it will allow you to accumulate the crypto until you own a whole bitcoin.


Bitcoin’s extraordinary price surge means its market capitalization now exceeds the annual output of whole economies, and the estimated worth of some of the world’s top billionaires.

With the debate over its bubble status still raging, the flagship cryptocurrency continued its march higher on Monday, solidifying above $11,000 and bringing its climb this year to more than 1,000 percent. With market tracker Coinmarketcap. computting the total value of all bitcoins in circulation at $190 billion, it’s come a long way from August, when one coin could buy you a hefty supply of avocados.

Here are five things that have been eclipsed by bitcoin in terms of market capitalization:

New Zealand’s GDP
The South Pacific nation’s farm-and-tourism-led economy is valued at $185 billion, according to World Bank data as of July, putting it some $5 billion below bitcoin. The cryptocurrency’s market cap is also bigger than the likes of Qatar, Kuwait and Hungary.

Goldman Sachs, and UBS
Bitcoin’s run-up has even seen it valued more highly than two of the world’s most influential banks. Goldman Sachs Group Inc.’s market cap was $97 billion as of Friday, while Zurich-based UBS Group AG came in at about $67 billion. Add those numbers together and it still falls short of bitcoin.

Both financial heavyweights have taken a hands-off approach to the digital currency, with Goldman CEO Lloyd Blankfein saying it’s too early to draft a bitcoin strategy and UBS — the world’s biggest wealth manager — saying it won’t allocate it in portfolios because of the threat of a government crackdown.

It may make jumbo jets but Boeing Co.’s market cap of $162 billion is also less than that of a digital currency that didn’t exist 10 years ago. The Chicago-based company, which describes itself as the world’s largest aerospace firm, is more than a century old and employs 140,000 people in more than 65 countries, according to its website. Rival Airbus SE fares no better — it’s got a market value of 66 billion euros ($78 billion).

Fourteen Aircraft Carriers
If bitcoin’s market cap could be used to buy military equipment, it would pack a mighty punch. The USS Gerald R. Ford, the first of a new class of nuclear-powered supercarriers, was delivered to the U.S. Navy in May. It cost an estimated $13 billion, so if investors put all their bitcoins together they would be able to buy a fleet of fourteen ships.

Bill Gates, Buffett and the Queen
They sit atop Bloomberg’s Billionaires Index, but even if Bill Gates and Warren Buffett pooled their fortunes they wouldn’t have enough to buy all the bitcoins in circulation. Gates is worth $90 billion and Buffett has $83 billion, according to the index. Not even Queen Elizabeth II could get them over the line if she brought her $383 million to the table. While we don’t know what he told Katy Perry, Buffett has called bitcoin a “real bubble” in the past.


Bitcoin's unprecedented 1,000% this year has taken the shine off gold, but the yellow metal still has a role to play in a portfolio, said CNBC's Jim Cramer.
While showing some concern for the cryptocurrencies parabolic rise, Cramer admitted that it has taken gold's luster this year.
"Gold has kind of lost its moment here," he said in a recent fireside chat on his show Mad Money.
For the last two months, gold has been stuck in its narrowest range in more than a decade. The yellow metal has been unable to break above key resistance at $1,300 an ounce as it not only competes with Bitcoin but record equity markets and resurging momentum in the U.S. dollar.
However, despite its recent stalled performance, gold is up more than 10% since the start of the year. While trapped in a range, many analysts have noted that despite significant headwinds, gold prices remain resilient, holding above key support levels. February gold futures last traded at $1,276.60 an ounce, down 0.44% on the day.
Although gold currently lacks momentum, Cramer said that he still recommends that investors hold up to 10% of their portfolio in gold.
Cramer has been fairly negative on the digital, saying that he doesn't think the gains above $11,000 will last. Kitco.com aggregated Bitcoin charts showed the price last traded at $11,285.
"Even if you believe in bitcoin, the velocity of the move is a sign that it is parabolic. And parabolic moves don't last," Cramer said recently on CNBC's Squawk on the Street.
Bitcoin continues to gain investor attention. Last week CME Group said that they will launch cash-settled Bitcoin futures on Dec. 18.


Just when Bitcoin miners thought mining on the phone and hydro mining were revolutionary, an owner of a Tesla S electric car model is using the free power from the supercharger of his vehicle to mine the leading cryptocurrency Bitcoin. To do this, the owner installed a Bitcoin mining computer in the trunk of the car. The mining rig is then charged by the car’s supercharger while it mines Bitcoin.

This is an interesting way to mine cryptocurrencies, but it could be very lucrative for the owner as his operating cost while mining the digital currencies is virtually zero. His only major investment is the cost of the mining rig itself, as well as the associated equipment and accessories.

Some issues on the innovative Bitcoin mining strategy
The exploration of innovative and creative methods of mining Bitcoin and other virtual currencies is always a very interesting endeavor because of the continuous increase in the price of the digital currencies, particularly Bitcoin.

The use of the superchargers of electric vehicles like the Tesla model could be a good idea, but some issues may arise. Among these concerns is the possibility that the mining rig could produce lots of heat that could damage the car’s internal parts over time. The car’s battery pack could also be easily damaged when used continuously for Bitcoin mining.

Despite its great potential and possibly good profits, Tesla or other electric car owners should decide carefully if they want to use this approach to mine cryptocurrencies due to its potential adverse effects on the performance of their cars.

Those who want to mine digital currencies may also want to explore other approaches in mining like the use of renewable energies like solar panels.

However, because they are still in the early phase of developments, these new technologies require a hefty upfront investment. Miners should be prepared to spend a large amount of money if they decide to mine Bitcoin using these methods.


According to Stefan Molyneux, a highly regarded Canadian podcast host, it is more important to recognize the free fall of fiat currencies, more so than to acknowledge the exponential growth rate of Bitcoin.
Molyneux says:
“It's not so much that Bitcoin is going through the roof - it's that fiat currencies are in free fall, but only Bitcoin is noticing.”
The decline of fiat currencies
For many decades, governments have had absolute control over the global finance sector and monetary policy through the fiat currency system. Through it, central banks such as the US Federal Reserve have obtained the ability to inflate the supply of reserve currencies and to manipulate the world’s most widely utilized form of money.

In an interview with Fox Business, major electronics retailer Overstock CEO Patrick Byrne stated that fiat currencies will continue to fall over the next few years, as investors and the market move onto separate money and state.
As fiat currencies decline, the only form of decentralized currency that is Bitcoin and other cryptocurrencies in the market, will eventually overtake reserve currencies.
“You think that’s a bubble? What do you think that fiat currency you carry around in your purse is? This dollar stuff, it’s just some fiat currency based on … the surplus taxing authority of the US Treasury of which I assert there is zero ... It’s about time the world switches to real money. Either gold or Bitcoin,” sai d Byrne.

Currently, the two forms of money or assets that are not subjected to the control and manipulation of governments are Bitcoin and gold. But, as demonstrated by the Indian government in late 2016, because of its physical attributes, gold can be confiscated and repossessed by the authorities at their will.

With Bitcoin, confiscation of user funds and assets is not possible, if users store their Bitcoin on a non-custodial platform in which they have full control over their private keys and funds.

One major advantage Bitcoin has over gold is its transportability. Gold is a viable store of value given that investors can store large amounts of money in the asset. But, it is difficult to transfer gold, especially through borders.

Bitcoin will continue to prosper as fiat currencies decline
Considering that Bitcoin remains as the only viable alternative to fiat currencies, the decline of government-issued money will continue to lead more investors and general consumers into the Bitcoin market.

As such, Byrne noted that Bitcoin price could reach $1 mln in the long-term if Bitcoin begins to take over reserve currencies and challenge the gold market.
“We have all these currencies since Bretton Woods, fluctuating against each other, and maybe the dollar hasn’t gone to zero against these currencies but all of them have gone down 95 percent ... versus something that they can’t control like … gold and Bitcoin. So Bitcoin may be on its way to a million for all we know,” adds Byrne.


With the exponential growth in bitcoin’s price this year and ‘blockchain technology’ becoming the hottest buzzword in the business world it is not surprising that investors are betting on everything crypto-related. The allure of capitalizing on this attraction is so strong, now even regular mining operators are jumping in – and even succeeding in rebranding themselves as bitcoin companies.

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Natural Resource Holdings is a little-known company whose investments so far consist mostly of land and mineral assets of gold, silver, zinc, and lead deposits.

The company’s shares, which are publicly traded on the Tel Aviv Stock Exchange, have jumped about 1,300% in price since the company announced it is refocusing on blockchain and cryptocurrencies just a month and a half ago.
Now it appears that the company actually has a plan how to diversity into bitcoin mining and it is not just all hype. According to reports today in the Israeli financial media, Natural Resource has revealed its first step towards entering the market: acquiring a Canadian bitcoin mining farm.

Mining Is Booming
The company has announced that it is in negotiations with BACKBONE Hosting Solutions, operating under the commercial brand Bitfarms, to buy 75% of its shares in exchange for 75% its own stocks. In response to the report, investors have poured in, making the relatively small company the tenth most traded on the TASE by volume.


Gold Mining Company 's Shares Jump 1,300% After Switch to Bitcoin

The Canadian company is said to have 4 server farms in the province of Quebec, providing services for mining bitcoin, ethereum, bitcoin cash and litecoin. It is also said to have two more server farms under construction that will come online early next year. The company supposedly brings in over $8.3 million a month, at an operational cost of just 12%.

According to its own website, BACKBONE started operating in 2016 with a primary focus to offer cost effective mining hardware hosting solutions for cryptocurrency hobbyists and professionals. Boasting an ‘eco-friendly’ operation, the company says its power is generated from an hydro-electrical plant located close to the facility and that it benefits from being in a Tundra Climate where cooling is not an issue 10 months a year.

Should investors buy shares in a bitcoin mining company or simply mine by themselves? Tell us what you think in the comments section below.


Bitcoin has surpassed the market cap of General Electric, which was once the largest company in the world, by $30 bln.
View image on Twitter
At $160 billion, Bitcoin's market cap just passed GE's. 

Yes, that GE:
Founded in 1892
Once the largest company in the world
295,000 employees
$123 billion in revenue 
GE, with a $123 bln annual revenue and 295,000 employees globally, still remains as a leading US-based conglomerate. In July of 2016, the market valuation of GE briefly surpassed $300 bln, nearing the market cap of other major firms like JPMorgan. But, since 2015, GE has struggled, as its market cap fell by nearly 50 percent.
Meanwhile, since 2015, the market cap of Bitcoin has increased from $2.5 bln to $185 bln, by 74-fold.

Unfair comparison
As a store of value and a digital currency, the market valuation of Bitcoin should rather be compared to other assets, stores of value and currencies such as gold and reserve currencies. But, it is important to acknowledge the rapid growth rate of Bitcoin in comparison to companies in leading industries because the transformation Bitcoin has brought upon the finance industry has been truly impactful.

Bitcoin has surpassed leading currencies on the M1 index as well this year. This week for instance, the market valuation of Bitcoin surpassed the total money supply of the British pound.

Many experts and analysts including billionaire hedge fund legend Mike Novogratz have stated that Bitcoin price could easily reach $40,000 by the end of 2018, or $1 tln in market cap. Novogratz said:
"Bitcoin could be at $40,000 at the end of 2018. It easily could. There 's a big wave of money coming, not just here but all around the world. What's different about these coins than other commodities ... there is no supply response here. So it 's a speculator's dream in that as buying happens there 's no new supply response that comes up. So every price move gets exaggerated. It's going to get exaggerated on the way up. There will be 50 percent corrections. It will get exaggerated on the way down.”
As Bitcoin price enters the $45,000 range and the market cap of the cryptocurrency achieves $1 tln, analysts will begin to compare Bitcoin with conventional safe haven assets such as gold.

Bitcoin against traditional stores of value
Currently, the entire Bitcoin market is about three percent of the multi-trillion dollar gold market. But, if Bitcoin continues to increase in value and reaches $40,000 by the end of 2018 as noted by Novogratz, it will soon be able to compete against the gold market and other stores of value such as reserve currencies.


The Bitcoin Cash network is trucking along as the blockchain is currently finishing up its fourth month of existence. As more adoption and infrastructure support has been added to the BCH network over the past few months, many bitcoin cash supporters are optimistic about the cryptocurrency’s future.

The Bitcoin Cash Network Sees Improvement With the DAA Upgrade As BCH Transaction Percentages Rise
Bitcoin Cash Network Status: Transactions On the Rise  

There have been over 28,000 blocks mined since the hard fork this past August that had produced the nascent network bitcoin cash. The blockchain has been doing quite well since the development community hard-forked the BCH network on November 13 which fixed the cryptocurrency’s Difficulty Algorithm Adjustment (DAA). Since then erratic block time intervals have ceased and mining profitability between the BCH and BTC chains has leveled out, remaining consistent over the past two weeks.

Bitcoin Cash Network Status: Transactions
            On the Rise
Bitcoin Cash profitability against the legacy chain leveled out since the November 13 hard fork. 
At the moment the BCH chain is operating at 12.47 percent of the legacy chain’s difficulty, and at the moment it’s only 3.3 percent more profitable to mine BTC. Bitcoin cash transactions have also been steadily rising as the BCH network transaction rate is gradually increasing in number every week. Additionally, next year according to the Bitcoin ABC development team’s midterm roadmap, developers plan to fix the BCH address format and possibly even raise the protocol’s 8MB base block again.

Markets Consolidate After Last Week’s Crypto-Market Dip
Bitcoin cash markets have been down since the currency’s recent highs, but are doing well today as the price per BCH is up 1 percent at roughly $1,440 per token. The digital asset took a hit when all cryptocurrency markets dove roughly 72-hours ago. Although, BCH markets still command the third position as far as market capitalization is concerned. Further BCH trade volume is averaging around $650-700M every 24-hours for the past few days. Right now the Korean won has stepped down as the number one currency by volume trading BCH, as traders are using far more BTC/BCH pairs at the moment. BTC represents 46 percent of the BCH global trade volume as the Korean won now captures only 28 percent. The top five exchanges trading bitcoin cash this week include Bithumb, Hitbtc, Bitfinex, Okex, and Binance.

Bitcoin Cash Network Status: Transactions
            On the Rise
At press time the price per BCH is US$1,445

New Infrastructure & Support

As far as bitcoin cash infrastructure is concerned the BCH ecosystem got more business support this week. For instance, the Indian-based cryptocurrency wallet provider and exchange Zebpay is launching BCH support shortly. Zebpay says they are actively working to add new digital assets and bitcoin cash will be integrated with ethereum, ripple, and litecoin. The organization BTC.com released a bitcoin cash blockchain explorer this week, and the software developer Chris Pacia showed a screenshot of Openbazaar’s BCH integration as well. Moreover, last week news.Bitcoin.com reported on The Bitcoin Cash Fund reaching its funding goal. Now the nonprofit organization created to bolster BCH projects and adoption has launched its website this week.

Bitcoin Cash Network Status: Transactions On the Rise
A screenshot of the Openbazaar application with bitcoin cash integration.
Bitcoin cash supporters seem very optimistic about the future with its growth and support over the past four months. In addition to the latest developments, the BCH community got a surprise on the same day CME Group and Cboe announced their new bitcoin-based futures offerings. Cboe’s president this week also  hinted that ethereum and bitcoin cash futures products may be produced during the initial announcement.

What do you think about the bitcoin cash ecosystem’s past four months? Let us know in the comments below.


Lingerie tycoon and Bitcoin fan Michelle Mone is predicting the value of the virtual currency will rocket to $100,000 – ten times its current value.

Baroness Mone and her boyfriend, businessman Doug Barrowman, revealed plans in September to sell £192 million worth of luxury Dubai apartments in Bitcoin – a first for the property market. 

Hunch: Michelle Mone says Bitcoin will continue to soar

Hunch: Michelle Mone says Bitcoin will continue to soar
Mone, who founded the Ultimo lingerie brand, told The Mail on Sunday she has already sold ‘a number of apartments’ in Bitcoin.

She said she thinks the price of Bitcoin ‘still has a long way to go in terms of upward value’, adding: ‘I wouldn’t be surprised to see it hit $100,000 per coin over the next few years.’

Bitcoin surged past $10,000 last week as the frenzy surrounding it hit fever pitch, but experts warned it was a bubble that could soon burst.

Dr Garrick Hileman, of Cambridge University, said: ‘Some scepticism frankly is needed. There’s clearly a mania that’s gripped people. If the market turns – and at some point it probably will – people can get hurt pretty badly.’

Colour of money: Lincoln Townley, with his portrait of Ronaldinho, will accept Bitcoin

Colour of money: Lincoln Townley, with his portrait of Ronaldinho, will accept Bitcoin
Mone’s prediction came as Lincoln Townley, an artist to Hollywood stars, said he is accepting Bitcoin for his latest collection. 

It is thought to be the first time this has happened in the art world. Referring to Bitcoin’s 900 per cent rise this year, he said: ‘I see this going through the roof.’

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