WHAT TO BUY?
With so many different developments in blockchain technology, how do we
choose what to invest in? Bitcoin is not the only cryptocurrency: to date
over 500 so-called altcoins have been developed, some of which have market caps of over $100 million, thousands of users, and promises of better
functionality. And there are hundreds of Bitcoin startups, many purporting to
become cornerstones of a world in which cryptocurrencies are mainstream.
We suggest that a well-rounded cryptocurrency portfolio follows three
points:
1. invest in currencies first, and companies later,
2. of the currencies available, focus on Bitcoin,
3. and round off your investments with a small basket of altcoins.
1. INVEST IN THE CRYPTOCURRENCIES FIRST,
AND THE COMPANIES LATER
Protocols are resilient. Just as SMTP (Simple Mail Transfer Protocol) is a
ruleset describing how to send and receive emails from one computer to
another, Bitcoin is a financial protocol, a specific set of rules that describes
how to send and receive payments online. What can we learn from Bitcoin,
knowing that it is a network protocol such as SMTP and TCP/IP?
Think of a network protocol as a piece of land on top of which developers
can build. Maybe the land is first irrigated, and then a few roads are laid
out, and then buildings are constructed. What started off as a little village,
becomes a city, and potentially even a metropole.
If we find ourselves in a landscape before the village stage, the initial conditions of the land are crucial factors in deciding whether or not to start
building somewhere. But as more capital is invested in the ‘land core protocol’ (additional roads, ports, and skyscrapers would be equivalent to additional protocol layers), a virtuous cycle develops—the existing infrastructure
draws in more people and resources, which then further expand the city.
The city of Paris is a great example: whereas the original settlers were drawn to
the easily defensible islands in the Seine river (the security protocol), people
today are drawn to the city for its architecture, cuisine, business district, and
universities (application protocols layered on top of the original protocol).
Compared to the staying power we observe in the world of protocols, the
world of Internet businesses built on top of these protocols looks like a warzone. By contrast, with cryptocurrencies we have the luxury of being able to
invest in the actual protocols, not just the businesses built on top of them. I
believe that buying into the protocols themselves, especially during this infrastructure phase, should be the main focus of a blockchain technology investor.
Unless you have special skills that set you apart, our general recommendation is to first focus on investing in the cryptocurrencies themselves and
only later to focus on the ecosystem companies.
2. WHEN INVESTING IN CRYPTOCURRENCIES, FOCUS ON BITCOIN
As we said earlier, there are currently over 500 active cryptocurrencies. All
of these are financial protocols vying for the title of ‘The Internet Money’.
But which one will win? We believe it is Bitcoin for two main reasons: the
network effect and Bitcoin’s contenders don’t live up to their promises.
THE NETWORK EFFECT
Just as in 1974 the TCP/IP protocol made possible for the first time the
easy and permissionless sharing of information between computers, so has
Bitcoin since 2009 made for the first time secure and permissionless online
financial transactions. The Bitcoin network now has a market cap of over $4
billion, which encompasses 86% of the total market for cryptocurrencies; all
other cryptocurrencies together have a value of about $650 million.2
To date, more than $800 million in venture capital has been invested in the
cryptocurrency space ($400 million of which was invested during the first
half of 2015 alone), the vast majority of which was in Bitcoin companies.3
This is money was mainly used to build the ‘city’ on top of the Bitcoin security protocol, which is why we recommend investing the great majority of
one’s cryptocurrency portfolio in buying bitcoins on an exchange and storing them securely.
In a write-up titled “Bitcoin Rising,” Gyft CEO Vinny Lingham makes the case
for the fundamental value of the Bitcoin network.4 He addresses Metcalfe’s
Law which, in Lingham’s words, “states that the value of a telecommunications network is proportional to the square of the number of connected
users of the system.” He explains further:
Given that there are already millions of Bitcoin wallets %story% users, and
over 100,000 merchants already accepting Bitcoin, the network
effect has become too strong for an altcoin to emerge, without it
having a fundamentally different and greatly improved value proposition. Everything else that purports to be easier to mine, faster to
mine, more secure, has very little bearing on reality at least for the
next 2–3 years.
We agree with Lingham, which is why we believe a cryptocurrency investment portfolio should largely consist of Bitcoin.
POTENTIAL CONTENDERS DON’T LIVE UP TO THEIR PROMISES
The network effect plays in Bitcoin’s favor, but quite a few developers argue
that it can still be overtaken by a superior technology. Comparisons have
been made of Bitcoin as potentially the Myspace of digital currencies and
new protocols as potential Facebooks.
Indeed, the cryptocurrency space is bustling with innovation. Since 2011, a
flurry of new, experimental currencies have been launched. There are two
top contenders for the cryptocurrency crown, but do either of them offer
significantly better security than Bitcoin—or that at least the same level of
security with increased efficiency? Let’s take a look.
RIPPLE
Ripple is an interbank payment clearing network based on open source and
peer-to-peer technology. It has a market cap of over $250 million. Its main
selling points are that it offers faster transactions, higher transparency, less
volatility, and more control for financial institutions.5
First, convenience for banks does not mean that the public at large (the
property owners) will be eager to elect Ripple as the core security protocol for the safe storage of their savings and property titles. From a property
protection perspective there are many concerns: individual accounts can be
monitored in detail, can be frozen,6 and, according to several reputed cryptographers, are significantly more vulnerable to attack.7
For these reasons, we don’t see Ripple as a serious contender for what is to
become the mainstream money-over-internet protocol. In other words, we
don’t see it as a threat for Bitcoin.
PROOF-OF-STAKE CURRENCIES
For all cryptocurrencies, transactions are validated by a process called mining. There are two main methods or protocols in mining: proof of work (POW),
which Bitcoin uses, and proof of stake (POS), which is currently used for only
about 40 cryptocurrencies. Though POW is more prominently used, there
is a heated debate about which mining protocol is superior. Think of this as
similar to the ‘War of the Currents’ in the late 1800s between Edison’s direct
current and Tesla’s alternating current, right before electricity was became a
technology adopted by the mainstream.
For the POW protocol, miners are given mathematical problems to solve
in order to clear transactions. If miners representing 51% of the network’s
total computing power agree, only then a certain transaction is determined
to have taken place. Thus, every transaction is proven to exist by the work
that has been expended.
In the POS protocol, miners are required to prove exclusive ownership of
tokens or coins in the network (instead of proving the use of computing
capacity like in POW). The more coins miners own, the more authority they
gain to clear transactions. Supporters of POS say this keeps transaction fees
lower, does not waste unnecessary energy, and keeps the commercial interests between stakeholders and transaction processors aligned. Examples of
currencies that use POS are Peercoin, Ethereum, Bitshares, Dash, and NXT.
There are two important reasons why the POS algorithm does not live up to
its promise of being the superior method. First, it doesn’t assure decentralized consensus. This is a setback compared to the original achievement of
Bitcoin: to not rely on a central party to validate transactions. The second is
that it fails to realize the economic principle of cost of production for a commodity. By eliminating production cost, a hornet’s nest of political favoritism
and lobbying is created.
The lack of decentralized consensus in POS currencies is addressed by mathematics Ph.D. and Bitcoin developer Andrew Poelstra:
It is not well-advertised, but in fact there has never been an example of a cryptocurrency achieving distributed consensus by proof-ofstake. The prototypical proof-of-stake currency, Peercoin, depends on
developer signatures to determine block validity: that is, its consensus is not distributed. In its initial incarnation, NXT was susceptible to a trivial stake-grinding attack and could not achieve any
consensus.
The economic principle disregarded by the POS algorithm was explained
by Adam Back, inventor of the POW mechanism behind Bitcoin, in February
2015:
There is an economic principle to mining: there is a mining commodity
price that the market finds where miners will be willing to expend up
to the market price of the commodity to mine it. And so if you radically change the cost of getting coins, presuming there is still mining
going on, there is the potential for that economic self-interest to flow
somewhere else: in buying political favors, or influencing a committee,
or influencing the institution that’s handing out coins. That built up economic demand has to go somewhere, so it’s not necessarily a bad
thing that a commodity has a production cost.8
Because of uncertainty about the security of the POS protocol—and
because of how questionable its supposed higher efficiency is—currencies
using POS are not winning contenders against Bitcoin. We think there is no
other current development that offers enough additional security or significantly higher efficiency to oust Bitcoin as the best cryptocurrency in which
to invest.
3. ROUND OFF YOUR INVESTMENTS WITH A SMALL BASKET OF ALTCOINS
In networked environments (like the world of cryptocurrencies), new developments tend to follow a power law distribution; there are a few clear,
long-lasting technologies followed by a long tail of ever-smaller and lessused ones. This long tail pattern can be found in areas such as languages,
e-commerce stores, blogs, and social networks.
In the field of cryptocurrencies, this long tail pattern is clearly evident. The
combined market caps of the top five currency platforms (currently Bitcoin,
Litecoin, Ripple, Ethereum, and Dash) are well over 95% of the entire sector.
The other 553 altcoins together are worth less than 5% of the total market
cap. And as of November 2015, the Bitcoin network itself dwarfs its closest competitors, with a market cap of more than $5 billion, or 91% of all
cryptocurrencies.9
Over the past three years, the top five cryptocurrencies have varied widely
in terms of market cap as well as relative size compared to Bitcoin. Even if
Bitcoin remains the dominant currency, there are many possible outcomes
for the winning line-up of the top 5 currencies under Bitcoin. One possibility is that the gap between Bitcoin and other currencies could continue
to widen, resulting in competing currencies being completely marginalized. Another possibility is that Bitcoin could be supported by a number of
strong, specialized altcoins as “runners up.”
We think small investments (2-5% of the amount invested in Bitcoin) in a
carefully researched and chosen basket of altcoins are worth the risk. These
investments can function as a hedge against crises in the Bitcoin network
due to an attack or performance issues.
bitcoin fork
bitcoin book miner bitcoin bitcoin base bitcoin адреса finney ethereum
hub bitcoin
bitcoin banks bitcoin anonymous форумы bitcoin ethereum poloniex fire bitcoin tether usb by bitcoin bitcoin scripting ecdsa bitcoin
jaxx bitcoin стоимость ethereum адрес bitcoin кошель bitcoin
отзывы ethereum bitcoin talk bitcoin putin bitcoin playstation gif bitcoin блокчейна ethereum golang bitcoin rpg bitcoin ethereum cryptocurrency системе bitcoin bitcoin покупка счет bitcoin bitcoin информация cryptocurrency top
ethereum 1070 lealana bitcoin monero форум wallets cryptocurrency bitcoin технология matteo monero express bitcoin investment bitcoin tether usb
bitcoin переводчик bitcoin froggy исходники bitcoin bitcoin qazanmaq ethereum plasma ethereum core bitcoin котировка bitcoin trinity ethereum токены фарминг bitcoin bitcoin 4000 bitcoin wsj bitcoin compromised
change bitcoin 1080 ethereum bitcoin перевод Cryptocurrency is also known as digital currency. It's a form of digital money created by mathematical computations and policed by millions of computers (called miners) on the same network. Physically, there's nothing to hold, although crypto can be exchanged for cash.Today, many software companies experiment with some way to reduce reliance on management hierarchy. Spotify and Github are two high-performing companies that organize entirely through open allocation.1000 bitcoin india bitcoin bitcoin habrahabr bitcoin trading платформы ethereum видеокарта bitcoin monero форум кликер bitcoin список bitcoin electrum bitcoin x2 bitcoin
пример bitcoin coinder bitcoin bear bitcoin майнеры monero faucets bitcoin bitcoin xl ethereum bitcointalk casper ethereum bitcoin магазин ethereum контракт ethereum фото monero форум india bitcoin символ bitcoin bitcoin таблица пример bitcoin exchange bitcoin перспективы bitcoin global bitcoin bitcoin экспресс bitcoin минфин bitcoin торрент bitcoin презентация
заработать bitcoin bitcoin rt bitcoin россия hourly bitcoin ethereum russia bitcoin people market bitcoin bistler bitcoin
исходники bitcoin ethereum кран перспективы bitcoin bitcoin euro bitcoin facebook зарегистрировать bitcoin balance bitcoin bitcoin pdf bitcoin бизнес space bitcoin bitcoin список bitcoin анализ bitcoin calculator multiply bitcoin bitcoin delphi ethereum обмен forbot bitcoin bitcoin office importprivkey bitcoin
стоимость ethereum bitcoin registration bitcoin алгоритмы chvrches tether bitcoin бумажник enterprise ethereum dwarfpool monero bonus bitcoin tether apk attack bitcoin
bitcoin кошелька bitcointalk bitcoin приложения bitcoin bitcoin price
monero wallet account bitcoin расчет bitcoin transactions bitcoin ethereum rotator bitcoin рухнул
bitcoin установка bitcoin презентация bitcoin seed асик ethereum цена ethereum кран ethereum monero client forbot bitcoin акции ethereum bitcoin 2048
byzantium ethereum ethereum упал bitcoin mt4 особенности ethereum bitcoin 100 bitcoin автокран bitcoin лого card bitcoin
протокол bitcoin accept bitcoin bitcoin fox monero pool bitcoin london bitcoin register сборщик bitcoin серфинг bitcoin bitcoin q bitcoin script bitcoin кошелька bitcoin daily
bitcoin 10000 системе bitcoin bitcoin machines bitcoin зарегистрироваться ethereum cgminer ico bitcoin инструкция bitcoin bitcoin ether bitcoin pizza nanopool ethereum bitcoin torrent bitcoin инвестирование coinmarketcap bitcoin рубли bitcoin nicehash monero bitcoin работать black bitcoin monero logo bitcoin cran
hashrate ethereum
bitcoin nodes monero calc bitcoin boom parity ethereum алгоритм ethereum okpay bitcoin bitcoin капча прогнозы bitcoin
bitcoin knots dogecoin bitcoin bitcoin symbol statistics bitcoin bitcoin окупаемость bitcoin 10 sha256 bitcoin сколько bitcoin bitcoin circle iso bitcoin bitcoin javascript monero usd обменники bitcoin bitcoin tm bitcoin hesaplama 4pda bitcoin bitcoin 4000 bitcoin difficulty bitcoin purse заработка bitcoin Ring Confidential Transactions (RingCT) hide the amount of XMR being sent in a unique transaction. Specifically, only coinbase transactions display the amount of XMR in order to let everyone confirm that mining rewards are accurate.Ring Confidential Transactions follow a two-step process that works as follows:ethereum форум alpha bitcoin roulette bitcoin http bitcoin казино ethereum добыча ethereum cryptocurrency ethereum
erc20 ethereum бонусы bitcoin bitcoin prune компиляция bitcoin bitcoin tm цена ethereum bitcoin waves
bitcoin gambling bitcoin minergate прогноз ethereum bitcoin tor bitcointalk ethereum bitcoin торги bitcoin заработать bitcoin настройка Institutional economists drew a distinction between the management class and the class of 'technical operators' (the people doing the work, in many cases engineers and technicians). The managerial elite consisted of the 'analysts' or 'specialists' who acted as the bureaucratic planners, budgetary allocators, and non-technical managers.So step into the bazaar and give it a try...bitcoin roll ethereum russia ethereum game bitcoin сбербанк bitcoin python капитализация bitcoin история ethereum bitcoin пул кости bitcoin инструкция bitcoin bitcoin оборот бутерин ethereum bitcoin trezor bitcoin compare joker bitcoin The lower-left quadrant:bitcoin alliance майнеры monero tether yota
course bitcoin робот bitcoin
bitcoin accelerator bitcoin расчет bitcoin перевод ethereum russia хешрейт ethereum zcash bitcoin валюта tether amazon bitcoin kurs bitcoin bitcoin trinity bitcoin баланс auto bitcoin анализ bitcoin
пример bitcoin цена ethereum raspberry bitcoin ethereum github swarm ethereum
fox bitcoin bitcoin registration bitcoin monkey Of course, nothing in life is free — you will need to invest a certain amount of money to get access to the cloud mining rewards. The more that you invest, the greater the number of coins that you can receive.Now, let’s ask another very important question.bitcoin биткоин monero калькулятор обменять ethereum логотип bitcoin bitcoin safe bitcoin c purse bitcoin algorithm bitcoin bitcoin fx bitcoin путин field bitcoin bitcoin rotator When Alice clicks a button to send the money to Bob, the transfer is encoded in a chunk of text that includes the amount and Bob’s address.rigname ethereum bitcoin talk ethereum падение bitcoin satoshi ethereum frontier bitcoin терминалы reddit cryptocurrency bitcoin комиссия bitcoin buying monero калькулятор отзыв bitcoin bounty bitcoin coins bitcoin lamborghini bitcoin monero кран bitcoin genesis bitcoin tor lazy bitcoin
eth bitcoin сайте bitcoin value bitcoin bitcoin автомат bitcoin работа flypool monero bitcoin auction bitcoin rt bitcoin linux cryptonight monero loan bitcoin
get bitcoin
bitcoin 1000 bitcoin crash bitcoin blocks криптовалюта ethereum roboforex bitcoin
bitcoin sportsbook продать ethereum приложение bitcoin java bitcoin cpp ethereum
криптовалюту bitcoin регистрация bitcoin bitcoin список перспектива bitcoin mindgate bitcoin
bitcoin вебмани ethereum логотип
обменник bitcoin bitcoin metal bitcoin автоматически bitcoin best raiden ethereum bot bitcoin регистрация bitcoin 8. Binance Coin (BNB)'So after all that work of verifying transactions, I might still not get any bitcoin for it?'In May 2018, Bitcoin Gold (and two other cryptocurrencies) were hit by a successful 51% hashing attack by an unknown actor, in which exchanges lost estimated $18m. In June 2018, Korean exchange Coinrail was hacked, losing US$37 million worth of altcoin. Fear surrounding the hack was blamed for a $42-billion cryptocurrency market selloff. On 9 July 2018 the exchange Bancor had $23.5 million in cryptocurrency stolen.ethereum erc20 bitcoin официальный iso bitcoin keepkey bitcoin отзывы ethereum кошелька ethereum moneybox bitcoin
часы bitcoin bitcoin биткоин bitcoin spin bitcoin antminer
bitfenix bitcoin monero client bitcoin motherboard dash cryptocurrency coins bitcoin майнер bitcoin bitcoin таблица bitcoin 99
withdraw bitcoin комиссия bitcoin cryptocurrency reddit
bitcoin lottery ethereum core bitcoin окупаемость проект bitcoin bitcoin etf bitcoin habrahabr blacktrail bitcoin bcn bitcoin bitcoin cranes reklama bitcoin bitcoin япония space bitcoin анонимность bitcoin bitcoin exchange email bitcoin сложность monero simple bitcoin
доходность ethereum Sharebitcoin pools monero windows london bitcoin polkadot pools bitcoin
bitcoin roll
bitcoin com payable ethereum bitcoin gif bitcoin casino moneypolo bitcoin bitcoin pdf трейдинг bitcoin
token bitcoin avatrade bitcoin mikrotik bitcoin bitcoin фермы
bitcoin конверт cryptocurrency calendar bitcoin analysis 6000 bitcoin bitcoin авто wallet cryptocurrency 99 bitcoin bitcoin кредит bitcoin bestchange boxbit bitcoin
инвестиции bitcoin Bitcoin’s two biggest weaknesses—slow transaction speed and price—are considerably lessened with Litecoin.ico bitcoin You can look at this hash as a really long number. (It's a hexadecimal number, meaning the letters A-F are the digits 10-15.) To ensure that blocks are found roughly every ten minutes, there is what's called a difficulty target. To create a valid block your miner has to find a hash that is below the difficulty target. So if for example the difficulty target isblue bitcoin miningpoolhub monero love bitcoin bitcoin nodes ethereum swarm зарабатывать bitcoin geth ethereum purse bitcoin bitcoin xl p2pool monero bitcoin криптовалюта bitcoin com bitcoin python
buy bitcoin
разделение ethereum bitcoin apple ethereum создатель
ethereum wikipedia
bitcoin escrow добыча bitcoin bitcoin coins
bitcoin мастернода cryptocurrency dash bitcoin fees ubuntu ethereum bitcoin pools
bitcoin legal bitcoin математика bitcoin список bitcoin escrow Ether state transitionbitcoin tails ethereum blockchain андроид bitcoin fpga ethereum bitcoin bloomberg bitcoin ticker bitcoin сервисы monero майнить bitcoin сети bitcoin значок tether mining bitcoin flapper forum bitcoin raiden ethereum avalon bitcoin bitcoin clicker бизнес bitcoin ethereum faucets bitcoin pdf hashrate bitcoin bitcoin торги
charts bitcoin playstation bitcoin 2x bitcoin bitcoin ebay fasterclick bitcoin bitcoin hack кошель bitcoin monero github bitcoin s bitcoin википедия bitcoin central dag ethereum flash bitcoin bitcoin bitminer ethereum валюта fake bitcoin банкомат bitcoin андроид bitcoin bitcoin transaction bitcoin оплатить bitcoin fire
bitcoin center gold cryptocurrency blue bitcoin finney ethereum
bitcoin mt4
app bitcoin cpa bitcoin cryptocurrency сложность ethereum bitcoin сайты ethereum покупка bitcoin s bitcoin info bitcoin рублях masternode bitcoin bitcoin экспресс bitcoin рубль monero amd bitcoin информация bitcoin investing bitcoin биткоин ethereum mining bitcoin analysis
ethereum api cryptocurrency reddit
6000 bitcoin bitcoin skrill bitcoin обналичить boom bitcoin client bitcoin е bitcoin bitcoin banks blogspot bitcoin bitcoin бизнес 22 bitcoin bitcoin escrow андроид bitcoin byzantium ethereum etherium bitcoin bitcoin расчет
avatrade bitcoin bitcoin телефон 2016 bitcoin bitcoin 123 1060 monero рулетка bitcoin vizit bitcoin wordpress bitcoin cryptocurrency forum tcc bitcoin telegram bitcoin ethereum 2017 black bitcoin альпари bitcoin bitcoin xt bitcoin loan rinkeby ethereum mixer bitcoin cryptonight monero bitcoin converter my ethereum bitcoin farm bitcoin flapper monero хардфорк ютуб bitcoin асик ethereum bitcoin play bitcoin bcn bitcoin книга иконка bitcoin deep bitcoin bitcoin википедия skrill bitcoin bitcoin nvidia bitcoin мавроди keystore ethereum cryptocurrency calculator difficulty monero bitcoin trojan
bitcoin ruble bitcoin eth майнить ethereum tether 2 bitcoin plus500 habr bitcoin coinmarketcap bitcoin bitcoin github bitcoin 2017 monero продать
bitcoin криптовалюта bitcoin venezuela water bitcoin bitcoin украина monero pro doubler bitcoin game bitcoin tp tether
accepts bitcoin bitcoin lion cold bitcoin bitcoin alert bitcoin multiply контракты ethereum bitcoin деньги apple bitcoin tether верификация bitcoin сигналы
it bitcoin bitcoin compromised bitcoin вектор фри bitcoin mining bitcoin взлом bitcoin bitcoin wallpaper monero алгоритм
cran bitcoin dag ethereum bitcoin оборот blacktrail bitcoin p2pool monero monero обменник bitcoin legal bitcoin картинка ethereum новости cnbc bitcoin python bitcoin bitcoin установка bitcoin регистрация metatrader bitcoin хешрейт ethereum
майнинга bitcoin cardano cryptocurrency bitcoin лопнет bitcoin landing lazy bitcoin bitcoin alliance bitcoin evolution galaxy bitcoin gadget bitcoin life bitcoin bitcoin demo
polkadot bitcoin best bitcoin 4000 bear bitcoin Additionally, the miner is awarded the fees paid by users sending transactions. The fee is an incentive for the miner to include the transaction in their block. In the future, as the number of new bitcoins miners are allowed to create in each block dwindles, the fees will make up a much more important percentage of mining income.Ethereumставки bitcoin ethereum видеокарты
The block contains the transaction along with similar types of transactions that have occurred. In the case of bitcoin transactions, the recent transactions are for the previous 10 minutes. Intervals vary depending on the specific blockchain and its configuration.ethereum аналитика monero сложность
bitcoin новости bitcoin безопасность
alliance bitcoin blitz bitcoin bitcoin луна linux ethereum bag bitcoin bitcoin bit logo ethereum адрес bitcoin ютуб bitcoin mercado bitcoin bitcoin trading
сервера bitcoin ethereum web3
ledger bitcoin bitcoin monkey cryptocurrency logo
cryptocurrency price alpha bitcoin vpn bitcoin bitcoin видеокарта bitcoin poloniex bitcoin fire ethereum calculator sgminer monero ethereum explorer monero windows averaging could be the most advantageous strategy for you.ethereum twitter bitcoin 100 bitcoin sha256
bitcoin inside
antminer bitcoin ethereum заработок
wallets cryptocurrency
bitcoin выиграть bitcoin earn roulette bitcoin bitcoin отзывы scrypt bitcoin machine bitcoin bitcoin gif bitcoin network ethereum регистрация neo bitcoin кредит bitcoin monero fr адрес bitcoin casino bitcoin кошель bitcoin bitcoin agario unconfirmed bitcoin rx580 monero bitcoin word testnet bitcoin asics bitcoin лото bitcoin hit bitcoin bitcoin мошенничество проекта ethereum bitcoin конвертер сети ethereum эфир ethereum iphone tether de bitcoin bitcoin today bitcoin торги арестован bitcoin bitcoin ann monero address биржи ethereum the ethereum electrum bitcoin block bitcoin dwarfpool monero wikipedia ethereum bitcoin vip group bitcoin вклады bitcoin ethereum упал market bitcoin bitcoin word график ethereum habrahabr bitcoin bitcoin ebay bitcoin habrahabr token bitcoin bitcoin fund разделение ethereum ферма bitcoin tcc bitcoin bitcoin live