Forget about exchanger search! Use BestChange!

[Best_Change]

 Bitcoin Cash is at risk of an attack of 51%

The Bitcoin Cash network lost 30% of hashrate after bitcoin halving - this makes it vulnerable to 51% attack, according to Yassin Elmanjra, analyst at ARK Invest.

“Bitcoin Cash is not looking healthy:

-Hashrate down 30% since halving (& only accounts for ~2% of SHA256 hash)
-Economic throughput at all time lows
-Fees are .05% of miner rev (<$100/day)
-Theoretical 51% attack costs <$10k/hr, ” Yassin tweeted.

He added that he was surprised why the capture of 51% of the cryptocurrency capacities has not yet been implemented. According to the crypto51 service, the cost of such an attack is $8,800 per hour.

 Investors accumulate Ethereum

On May 24, two records were updated in the ETH network: the number of addresses containing 100 or more coins reached 47,740, and the number of wallets with one or more ETH exceeded 1,042 million. Glassnode service drew attention to these statistics. Earlier, the Grayscale fund, having bought almost half of all coins mined in 2020,  reported the growth in popularity of investments in Ethereum. The clients of the fund are institutional investors who invest in securities tied to cryptocurrency. According to analysts, market participants expect a strengthening of the coin value after the launch of the Ethereum 2.0 network, scheduled for the third quarter of this year.

 Canaan miner manufacturer reports loss

Hard times have come for mining equipment manufacturers. The Chinese company Canaan said it suffered $5.6 million losses in Q1. Revenue for this period amounted to $9.4 million - for comparison, in Q4of 2019, the indicator reached $66.5 million. The company's expenses in the first quarter of 2020 exceeded $15 million, which is associated with a two-fold reduction in equipment prices. “The overall market situation since December last year until January had not been too good. So the unit price per TH/s was indeed lower,” said Nangeng  Zhang, CEO of the company. According to the F2Pool mining calculator, Canaan devices are significantly inferior in efficiency to the equipment of Bitmain and MicroBT.

[coupable]

As for the mobile app, we are working on it.

This would be awesome if it was released. I Personally love using mobile apps on my mobile device when am on the move even when I am trying to trade on platforms like Binance or Bybit.

I doubt that bestchange will allow trade within the mobile app. I guess the app will function in the same way of how the website run, so it doesn't require a user registration or even a direct access to the exchange chosen as most of them don't have a mobile app yet. I can tell that the mobile app will help a lot for managing personal portofolio and easy make comparison between different rates.
I am really curious about the bestchange mobile app. Hope it will be released sooner.

[JeromeTash]

Bitcoin Cash is at risk of an attack of 51%

The Bitcoin Cash network lost 30% of hashrate after bitcoin halving - this makes it vulnerable to 51% attack, according to Yassin Elmanjra, analyst at ARK Invest.

“Bitcoin Cash is not looking healthy.

This is one altcoin I hate so much with passion and I never dream of ever using, Holding or trading it, I would rather trade in EOS, ETH or LTC. The dislike obviously stems from the greedy founder Roger Ver who is so busy fight bitcoin instead of looking for ways of improving his coin.
Whatever happens to Bitcoin Cash price and it's network, I could personally care less  

Investors accumulate Ethereum

On May 24, two records were updated in the ETH network: the number of addresses containing 100 or more coins reached 47,740, and the number of wallets with one or more ETH exceeded 1,042 million. Glassnode service drew attention to these statistics. Earlier, the Grayscale fund, having bought almost half of all coins mined in 2020,  reported the growth in popularity of investments in Ethereum. The clients of the fund are institutional investors who invest in securities tied to cryptocurrency. According to analysts, market participants expect a strengthening of the coin value after the launch of the Ethereum 2.0 network, scheduled for the third quarter of this year.

I also have a feeling that something is about to go down for Ethereum, it's been a very long time since we had it trading above $400. Maybe we could see at least $500 after the upgrade.

[arwin100]

As for the mobile app, we are working on it.

This would be awesome if it was released. I Personally love using mobile apps on my mobile device when am on the move even when I am trying to trade on platforms like Binance or Bybit.

I doubt that bestchange will allow trade within the mobile app. I guess the app will function in the same way of how the website run, so it doesn't require a user registration or even a direct access to the exchange chosen as most of them don't have a mobile app yet. I can tell that the mobile app will help a lot for managing personal portofolio and easy make comparison between different rates.
I am really curious about the bestchange mobile app. Hope it will be released sooner.

If they well implement a blockfolio feature in the app or anything similar to this maybe it can help their traders to manage their portfolio but if the outcome will still the same to the exchange who already released, then maybe we can see a same result. But maybe bestexchange should take that as consideration since it could help the platform the became more appealing since I think no one yet do that if I'm not wrong with this.

[Best_Change]

 JPMorgan: Bitcoin is trading 25% below the real value

Although the investment bank JPMorgan does not work with cryptocurrency, the company's specialists occasionally provide analytics on it. According to the bank’s report of May 22, bitcoin today is trading “25% below what the intrinsic price would be after the halving.” The intrinsic value is calculated on the basis of the average cost of mining one coin. Thus, BTC should be trading near the $11,500 mark, which is about $2,400 higher than the current figures. According to JPMorgan, "eventually bitcoin will catch up."

 Miners push the market

Miners turned into sellers, exerting pressure on the market, says analyst CryptoKea. Over the past seven days, they have sold 955 coins over what they mined. “We reached Bitcoin miner capitulation territory,” the analyst concluded. At the same time, the BTC hashrate fell to its lowest level in 2020. Even during Black Thursday, when the rate of the first cryptocurrency fell to $3,800, the computing power of the network was 94 TH/s. Now it has fallen to 90.30 TH/s. Miners switch off outdated devices, but they are forced to sell bitcoins to pay for current expenses, CryptoKea notes.

 The number of “hodlers” increases to the levels of 2016

The number of coins that have not been moving for more than a year has reached 60%, according to cryptanalyst Philipp Swift. This indicates a significant increase in the number of "hodlers" - investors who prefer to hold coins for a long time. The last time this was observed in 2016, it was several months before the bull rally, Swift notes. The analyst used the data of his own HODL Wave indicator, which estimates how long the coins did not move from one address to another. Currently, the indicator value is at levels close to the historical maximum.

[Best_Change]

 Chinese authorities to close 64 mining farms

After the meeting of Yunnan province officials, it was ordered to shut down 57 illegally operating mining farms that were disguising themselves as Big Data companies. Another 7 facilities under construction must cease working. The region’s authorities noted the benefits of mining companies that take away excess electricity, but pointed out that many of them come into direct agreements with hydroelectric power plants and evade taxes. Earlier, the local power grid company demanded to stop the illegal energy consumption by miners who connect to the stations bypassing the authorities. It is reported that some farms have already put up their equipment for sale.

 Bitcoin steadily rises in price in May

The principle of traditional markets “sell in May and go away” does not apply to bitcoin, according to analysts at Messari. Last month, BTC added 9%, slightly higher than the 2020 average of 8.5%. At the same time, in 2019, cryptocurrency in May rose by 54% with an average return of less than 8% per month. And in just 10 years, Bitcoin showed a positive trend in May 8 out of 10 times, while in 6 cases it was higher than the monthly average. Among classical traders, there is an opinion that in the summer there is no significant growth in the market, so it makes no sense to open long positions until the fall.

[Slow death]

Chinese authorities to close 64 mining farms

After the meeting of Yunnan province officials, it was ordered to shut down 57 illegally operating mining farms that were disguising themselves as Big Data companies. Another 7 facilities under construction must cease working. The region’s authorities noted the benefits of mining companies that take away excess electricity, but pointed out that many of them come into direct agreements with hydroelectric power plants and evade taxes. Earlier, the local power grid company demanded to stop the illegal energy consumption by miners who connect to the stations bypassing the authorities. It is reported that some farms have already put up their equipment for sale.

This is all weird, I don't know how the electricity system works in China, but in my country we have the prepaid electricity system. So why in China, being a country with huge financial and human resources, does it not implement an electricity system that has greater control so that there are no cases like these? or another option would be for the electricity companies to implement the pre-paid electricity system for the mining companies, so that each mining company would buy electricity and recharge it with an amount they thought was sufficient and if it did not recharge it would have no electricity.

Another point is the question of the legality of mining companies in China, I wonder at least the local government takes into account jobs and supervise if employees paid by mining owners are fair or not and the employees of the miners are in good condition of work or not?

Bitcoin steadily rises in price in May

The principle of traditional markets “sell in May and go away” does not apply to bitcoin, according to analysts at Messari. Last month, BTC added 9%, slightly higher than the 2020 average of 8.5%. At the same time, in 2019, cryptocurrency in May rose by 54% with an average return of less than 8% per month. And in just 10 years, Bitcoin showed a positive trend in May 8 out of 10 times, while in 6 cases it was higher than the monthly average. Among classical traders, there is an opinion that in the summer there is no significant growth in the market, so it makes no sense to open long positions until the fall.

some analysts try to relate certain things to explain the price increase, in the case of this increase I believe that two things are causing this price increase:

1 - With Halving and the fact that the pandemic did not make the price drop much and the countries are returning to "normal" life, renewed the confidence of investors and whales (the manipulators of the price)

2 - Some people are using the manifestation that have in the USA to promote bitcoin and others are taking advantage of the situation to buy bitcoin and with that the price is rising

[Best_Change]

Hello there, everyone!

We think that listening to opinions of the customers is an integral part of any business growth. That is why we decided to have a survey among users of BestChange. We value your opinion and feedback.

We have prepared a google form for the survey: []

We would like to hear your opinion about our service BestChange.com and about signature campaign if you are its participant. And, of course, any questions about our service are welcome! If there will be enough questions, we will make a separate post in this ANN topic with the answers.

The survey is anonymous, so feel free to share any thoughts.

Originally posted in our Signature campaign topic, we decided to share it here, with some edits, to reach out to all of the users of our service.

Survey: https://docs.google.com/forms/d/1Fv2GiE_c7dLjml-LLs6PHUV_LnG5wwuYq2HLbpnZFkQ

[hd49728]

Originally posted in our Signature campaign topic, we decided to share it here, with some edits, to reach out to all of the users of our service.

Survey: https://docs.google.com/forms/d/1Fv2GiE_c7dLjml-LLs6PHUV_LnG5wwuYq2HLbpnZFkQ

I think it will be better if you edit OP and include it into OP. For visitors, they mostly visit OP at first. I don't say visitors always have good idea to contribute but sometimes there are very knowledgeable and experienced visitors, and they can contribute good things.

[arwin100]

Originally posted in our Signature campaign topic, we decided to share it here, with some edits, to reach out to all of the users of our service.

Survey: https://docs.google.com/forms/d/1Fv2GiE_c7dLjml-LLs6PHUV_LnG5wwuYq2HLbpnZFkQ

I think it will be better if you edit OP and include it into OP. For visitors, they mostly visit OP at first. I don't say visitors always have good idea to contribute but sometimes there are very knowledgeable and experienced visitors, and they can contribute good things.

OP need to be updated since it's quite not appealing for seeing those outdated words, It needs beautification so that the owner could get a best result in terms of promotion since they can lure more people if they post a good presentation with informative information regarding the service/website.

And I think Bestexchange are into it since for sure they want to maximize their advertisement on this forum.

[Best_Change]

I think it will be better if you edit OP and include it into OP. For visitors, they mostly visit OP at first. I don't say visitors always have good idea to contribute but sometimes there are very knowledgeable and experienced visitors, and they can contribute good things.

Done that, thank you for your suggestion.

OP need to be updated [...]

We are working on it and the OP will be updated soon.

[Changehero.io]

Over 20000 USD lost.

https://bitcointalk.org/index.php?topic=5219339.msg53659941#msg53659941

Best_Change lists fake exchangers on his monitoring platform and refuses to sanction them.

As we have replied in this topic, the exchanger has "frozen" the funds of the user and is holding an investigation. We are following the situation and have switched off the exchanger until the situation is resolved.

As a part of our awareness-spreading campaign, we are updating the topics that this incident was mentioned in in to restore our own and BestChange's reputation, especially given that they were not involved with any of the transactions.

BestChange team was acting according to their Terms of use and in a professional manner. Their actions were in their best interest, and we are looking forward to working with them, now that this case is resolved.

[Best_Change]

 Again, miners sell more BTC than they mine

After the halving of the block reward, miners have to sell more coins than they can earn, according to a report by Arcane Research. The company uses the Miner’s Rolling Inventory (MRI) metric, which tracks the number of coins generated and moved by miners. If the figure is above 100%, then they sell more BTC than they mine. In March, the MRI reached 105%, then began to decline and fell below 100% on the verge of halving. Immediately after the event, the indicator began to grow and now has again reached the level of 105%. According to Arcane Research analysts, this indicates a change in the mood of miners after halving.

 Commission fees at ETH have surpassed BTC

Ethereum network activity continues to grow: last Saturday, daily transaction fees exceeded Bitcoin levels. According to Glassnode, for the ETH network, the figure was $498 thousand against $ 308 thousand for BTC. Analysts attribute this to the growing demand for transfers in Ethereum. In addition, recently the capitalization of stablecoins has been growing, the bulk of which operates on the ETH blockchain. Earlier, the founder of Mythos Capital, Ryan Sean Adams, noted that there is a direct correlation between commission fees and the price of Ethereum. If the trend continues, then we can expect a growth of cryptocurrency price.

 What altcoins will surge in price along with Bitcoin?

Simon Dedik, co-founder of the Blockfyre analytical portal, shared his opinion. He noted that in 2017, during the rally of Bitcoin price, almost all altcoins went up in price. In the next cycle, this situation will not happen again, and only the most important altcoins for the crypto industry will surge in price. These, according to the analyst, include Ethereum, Litecoin and XRP. Not all representatives of the crypto sphere adhere to this opinion. So, TV presenter Max Kaiser said that altcoins can not compete with the first cryptocurrency in the future. A similar position was expressed by the CEO of Morgan Creek Digital Anthony Pompliano: in his opinion, all altcoins will become useless and disappear from the market.

[hd49728]

Again, miners sell more BTC than they mine

After the halving of the block reward, miners have to sell more coins than they can earn, according to a report by Arcane Research. The company uses the Miner’s Rolling Inventory (MRI) metric, which tracks the number of coins generated and moved by miners. If the figure is above 100%, then they sell more BTC than they mine. In March, the MRI reached 105%, then began to decline and fell below 100% on the verge of halving. Immediately after the event, the indicator began to grow and now has again reached the level of 105%. According to Arcane Research analysts, this indicates a change in the mood of miners after halving.

The followed-up figures show that Bitcoin miners often sell more than what they mine with the average percent at 5%. From what I interpret the figures, miners are also traders too and they often enjoy pumps and dumps of bitcoin.

Commission fees at ETH have surpassed BTC

Ethereum network activity continues to grow: last Saturday, daily transaction fees exceeded Bitcoin levels. According to Glassnode, for the ETH network, the figure was $498 thousand against $ 308 thousand for BTC. Analysts attribute this to the growing demand for transfers in Ethereum. In addition, recently the capitalization of stablecoins has been growing, the bulk of which operates on the ETH blockchain. Earlier, the founder of Mythos Capital, Ryan Sean Adams, noted that there is a direct correlation between commission fees and the price of Ethereum. If the trend continues, then we can expect a growth of cryptocurrency price.

Ethereum has become the second biggest cryptocurrency for too long. It has a second biggest marketcap and also has a second biggest ecosystem in crypto. The price of Ethereum has been manipulated on downwards trend for too long because of so many FUDs. I don't feel strange and surprising if ETH will begin its growth period like what we saw with DASH.

What altcoins will surge in price along with Bitcoin?

Simon Dedik, co-founder of the Blockfyre analytical portal, shared his opinion. He noted that in 2017, during the rally of Bitcoin price, almost all altcoins went up in price. In the next cycle, this situation will not happen again, and only the most important altcoins for the crypto industry will surge in price. These, according to the analyst, include Ethereum, Litecoin and XRP. Not all representatives of the crypto sphere adhere to this opinion. So, TV presenter Max Kaiser said that altcoins can not compete with the first cryptocurrency in the future. A similar position was expressed by the CEO of Morgan Creek Digital Anthony Pompliano: in his opinion, all altcoins will become useless and disappear from the market.

I am sure about that too because only strong altcoins which have been strong enough to gone through and survived after at least one periodic cycle of the crypto market are actually live altcoins. For the rest, they are simply deadly-waiting or zombie altcoins. The periodic cycle is 4 year, AFAIK.

[examplens]

why this is not announced here?

🎉 13,000,000 SATOSHI GIVEAWAY IN A CONTEST DEDICATED TO BESTCHANGE BIRTHDAY🎊
Do you remember that your favourite monitor will soon celebrate its 13th birthday? The big day will take place on June, 19. While we are baking cakes, you can take part in our new contest with the prize fund of 13,000,000 satoshis!

https://www.facebook.com/bestchange/posts/1440120259526091

btw. Happy 13th birthday BestChange

[Best_Change]

@examplens sure  

STORY TIME CONTEST


BestChange.coom monitor will soon celebrate its 13th birthday? The big day will take place on June, 19. While we are baking cakes, you can take part in our new contest with the prize fund of 13,000,000 satoshi!

The contest takes place amoung our Facebook page followers.

All you need to do is  to tell a story about an unusual usage of our monitor, share the post and follow the rules of the contest.

Of course, the main purpose of our monitor is helping find an exchanger with the best rates. But sometimes we hear stories about an unusual way of using our platform – some people check the USD exchange rate on our website, somebody has found a significant other among our followers, others learn how to trade with the help of our posts or purchase crypto as an out-of-the-box gift.

That’s why to take part in the contest you need to think of or tell a real story of an unusual usage of the BestChange.com website or our groups in social networks. Your creativity can run wild, but please do not mention ordinary exchanges or receiving bonuses. You can use your imagination and mention functions our website or social networks do not have yet, but which you would like to see.

There will be THIRTEEN WINNERS, they will all get 1,000,000 satoshi (0.01 BTC) each. Ten winners will be chosen by a random number generator, and three more will be selected by the administration based on the originality of their ideas.

More info in the contest post - follow the link and join!

Good luck!

[The Cryptovator]

BestChange.coom monitor will soon celebrate its 13th birthday? The big day will take place on June, 19. While we are baking cakes, you can take part in our new contest with the prize fund of 13,000,000 satoshi!

Wondering, is there any separate allocation for bitcointalk users? Because many bitcointalk users aren't active on Facebook or they don't want to use real identity by using their real Facebook account. So it would be great if there is an allocation for bitcointalk and we might share our thoughts or story. If so then it would held here or on separate thread. Or you might create you new announcement thread (from your current account) on Birthday with this giveaway/competition.


Anyway, Happy Birthday To BestChange in Advance.

[Best_Change]

Wondering, is there any separate allocation for bitcointalk users? Because many bitcointalk users aren't active on Facebook or they don't want to use real identity by using their real Facebook account. So it would be great if there is an allocation for bitcointalk and we might share our thoughts or story. If so then it would held here or on separate thread. Or you might create you new announcement thread (from your current account) on Birthday with this giveaway/competition.


Anyway, Happy Birthday To BestChange in Advance.

We have contests on our Facebook page on a regualar basis, this is one of them, and here we've just made an announcement since we know that some forum users do use this social network.

We may have a contest on Bitcoinalk sometimes, we will give it a thought.

Thank you for your birthday wishes!

[arwin100]

BestChange.coom monitor will soon celebrate its 13th birthday? The big day will take place on June, 19. While we are baking cakes, you can take part in our new contest with the prize fund of 13,000,000 satoshi!

Wondering, is there any separate allocation for bitcointalk users? Because many bitcointalk users aren't active on Facebook.

Many users are using facebook but I'm sure they are not using their real identity for security since they might get doxxed and used that for their own destruction, so best for the contest here in bitcointalk to not link any social media accounts so that people will not be afraid to participate on the contest.

[JeromeTash]

We have contests on our Facebook page on a regualar basis, this is one of them, and here we've just made an announcement since we know that some forum users do use this social network.

We may have a contest on Bitcoinalk sometimes, we will give it a thought.

Thank you for your birthday wishes!

Happy 13th Anniversary Best Change. I wish you guys nothing but more and more years of prosperity in business and good health to everyone.
Unfortunately, I am only active on twitter other than bitcointalk otherwise I would have gladly taken part in that contest. Good luck to all the participants