Thursday, July 24

Bitcoin – the game changer!

Hello everyone,

On the start of this year we saw only a few programs that accepted Bitcoin, mostly all of them had custom scripts and only a few investors actually used Bitcoin like payment option. Today we see very changed world and I’m sure in 2015 there will be no programs that will start without Bitcoin.

As countless regular readers know I have been huge Bitcoin supporter not just like an alternative currency for HYIPs, but in general I’m sure Bitcoin and its followers will change a lot of things in this world. I think that first program what actually prove big-time that Bitcoin is really successful deposit option was Leancy what accepted Bitcoin deposits without conversation to current exchange rate, so people who invested 1 Bitcoin in the end of investment period had 1.5 Bitcoin. After this really successful project on the start of the year more and more programs started to accept Bitcoin.

There is one thing what I predicted already last year - turning point for Bitcoin in HYIPs will be and indeed it was the turning point when Bitcoin deposit option was added to the main commercial HYIP script – GoldCoders, today it is reality. Now even administrator who does not know what Bitcoin actually is can add Bitcoin payment option to his program and I’m really happy that today almost every program is starting with Bitcoin deposit option. Also the second most popular commercial script (H-Script) has Bitcoin deposit option.

Of course, there still is programs what does not accept Bitcoin payments, but I’m sure it is just a matter of time when old-school administrators will understand what a huge, I mean huge potential does the Bitcoin have. I agree that for some it might be difficult to understand the principles of it, but I can understand that switching from “traditional” payment methods might be a difficult step and will take some time.

I’m confident that we have passed the point where Bitcoin was something what only rare investor used; today more and more investors understand that it is worthless to pay the fees to the payment processor owners and investors prefer to earn more with Bitcoin. Since the interest in HYIPs is as small as it is every penny counts and why does someone would want to loose a part of the profit only because of the payment processor fees?

Yes, there will always be haters who will say that you can lose some cents when the exchange rate will drop, but what if I would say to you that you could earn when the exchange rate will rise? It is just obvious even with “regular” currencies. For example why no one whose “home” currency is dollars and who have euro reserves does not complain when exchange rate drops or rises? I’m sure you understand what I want to say and this pseudo-opinion from haters what they use so much just brakes under the critic and I have this feeling that in the future Bitcoin exchange rate versus dollar will become more or less stable, but until that we will need to wait some time.


In the end apart from HYIPs I just want to say that today more and more merchants in the world accepts Bitcoin like payment option and I’m sure this is just the start of digital monetary revolution where you are the one who controls the currency. The beauty of Bitcoin is that the amount of it is limited and neither government nor bank will “print” more than it exists in case to make it worthless. With Bitcoin you are your own bank and no one except you will ever have control over your money.

David
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6 comments:

  1. Good article Dave.

    Soon the the Investors will realize that if the program does not take bitcoin the admin is not doing a good job at offering a payment solution for many people. Not long ago Investors would get excited when STP was accepted. Now that Bitcoin is here STP is yesterdays news. HUGE Deposits come from investors playing with bitcoin. Just look at SSP. Watch the stats page some time and you will see MANY Investors there with Bitcoin. They are playing with big numbers. For those of you that don't understand bitcoin numbers use preev.com

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  2. Do you think we will see any programs that only accept Bitcoin?

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  3. There is already few such programs what accept Bitcoin, but I'm not sure if they are popular, but I'm sure we will see changes in the future.

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  4. I have been in a few that only accept Bitcoin and they lasted long. Admins even refunded the members when they closed. They look like hyips but are not run like hyips. Keep an eye out for these in the future.

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  5. Did you think about picking the ultimate Bitcoin exchange company: YoBit.

    ReplyDelete
  6. Claim faucet satoshis over at Moon Bitcoin. 163 satoshis every 1 hour.

    ReplyDelete

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