Bitcoin might not be a "safe haven" asset right now, but it is becoming one.  Those who have the forsight to see that will reap great rewards.

I am confused as to why the bitcoin market cap is published to be (today) about $175 billion.  This is calculated by multiplying the current bitcoin price (~$9500) by the number of bitcoins mined (18,406,000).  Yet it is believed that approximately 30% of all bitcoins ever mined have been lost.  if a private key to a bitcoin address has been lost, then the bitcoin in that address should, in my opinion, be erased from the market cap.  It is published in articles that a bitcoin market cap of $1 trillion would equal around $50,000 per bitcoin.  This is a substantial underestimation.  If you factor in a 30% loss of bitcoin, then a   $1 trillion market cap would equal around $77,000 per bitcoin.  Losing a private key is like throwing a gold coin in the ocean.  It can be argued that the gold coin is still there.  But for all intents and purposes, the gold is non-existent, because it would be impossible to recover.  The point I'm making in this post is that bitcoin is much rarer than published.  There are not 18.4 million bitcoins out there.  There are only around 14 million.

The closest thing I've seen to a "decentralized exchange" is the CoinLock platform, which was recently launched.  It is peer-to-peer trading, so that are no exchange fees.  I've been trading on it about a week, and I'm very impressed.  The address is coinlock.com

There is a new peer-to-peer matching platform being launched that, in my opinion, is far superior to any exchange in existence.  I invite anyone interested in trading bitcoin and making a profit to check it out.

There is no split in the “buy”/”sell” price, and there are no trading fees.  You can literally make money by getting in and out of positions with any price movement, regardless of how small. 

Here’s how it works… You create an account.  Then you deposit bitcoin, and it is held through Bitgo custody services (your bitcoin is insured).  If you want to speculate on bitcoin, you have one of two choices:  If the price is high and you think it will drop, you can enter a “protect” contract, in which the $US value of your bitcoin will be “locked”.  Someone who thinks the price will go up enters the other side of the contract in the “turbo” position, in which he leverages bitcoin 4x.  It works essentially like buying low and selling high, but without fees.  When you exit the contract, you will end up with more bitcoin if the price went down, or less bitcoin if the price went up. 

For those thinking the price will go up, they can enter a turbo position.  If the exit after the price up, they end up with more bitcoin, because whoever entered the protected side will finish with less bitcoin.


How does the company make money?   Profits from turbo trades are received as follows:  80% is paid in bitcoin and 20% is paid in lockcoin.  Lockcoin is a digital token of the  coinlock platform that monetizes the entire system.  If you choose to keep you lockcoin, you can watch it appreciate in value.  If you chose to sell your lockcoin on the platform, you will have a 2.9% transaction fee.  The company stands to make money as the value of lockcoin, the company’s digital token, appreciates.

There are a lot of other great features on the platform, including peer-to-peer buying and selling bitcoin for US dollars, although there’s nothing listed at the moment because the platform was launched just days ago.  Although the trading volume is relatively limited, you can trade amounts of $4,000 - $5,000 bitcoin or less without much problem.

If anyone is interested, just go to Coinlock.com and set up an account.
If you want to use the link below, you will be a “referral” from me, and I will receive a 1% “bonus” of lockcoin for every lockcoin you earn.  You can do the same thing if you refer someone to coinlock.

Here is the link that will allow me to receive the referral.

https://matchengine.coinlock.com?r=MTMwNjQxNg==

I would be happy to answer any questions anyone might have, if there are any questions.  My contact information is:
John Andelin
701-770-3927