Why is the price rising so fast?A possible reason: there is a MASSIVE rise of the public interest in Bitcoin in Latin America (and some other regions) (i.redd.it) List Your Business Find Service Near You AHMEDABAD: Bitcoin Growth Fund (BGF), a blockchain-based startup fund, closed its first fund raising with $14.5 million (approx Rs 95 crore) as part of its initial coin offering (ICO) in the last one month.Founded in January 2017 in Dubai, the founding team includes Phil McCauley, Nagaraj Konda and Mattias Frost.BGF focuses on Asian markets, primarily India and China.BGF is a blockchain-based venture capital fund where regular or small investors can invest by buying a token named 'MCAPS' via ICO.An ICO works like an initial public offering.In an ICO, (retail) investors get tokens instead of shares in a company.However, there are some key differences between IPO and ICO.While IPOs are regulated and issue shares in operational companies, ICOs are not regulated and issue digital coins for projects that have yet to be developed.

As per BGF, the minimum investment amount required is $5 and there are close to 6 lakh investors from India who have subscribed to MCAP via ICO."Sixty percent of the fund has been subscribed by retail investors from India," said Arvind Sehmay, director of BGF, further adding that most of the retail investors are from the tech and finance background who usually understand this kind of new asset class investment.bitcoin calculator with difficultyHe further said that the second-largest retail subscribers were from China (30%) and the rest were from South Korea and other countries.bitcoin difficulty factor todayHere the (retail) investors are not buying bitcoin or any cryptocurrencies, rather they are buying a token, 'Mcap', which is a cryptocurrency mining fund that would invest in various cryptocurrencies like Dash, Ethereum, Monero, Litecoin, Z-coin, and Bitcoin, among others.ethereum price by 2018

Mining is a farming process.The yield received during the process is distributed as either dividend or profit.During the mining process, miners try to get the cryptocurrencies as much as possible and as quickly as possible, as 90% of all cryptocurrencies' total output is predetermined.In February this year, Bitcoin startups Zebpay, Unocoin, Coinsecure and SearchTrade had come together to form the Digital Asset and Blockchain Foundation of India (DABFI) to bring in transparency and growth in the virtual currency market as well as create awareness on the benefits and risks of cryptocurrencies, liaise with regulators and bring in clarity on taxation.litecoin hash rate to usdIn the US, companies have raised $180 million via ICOs so far in 2017, compared to $101 million last year, according to Smith + Crown, a blockchain research, data and consulting group.cnn money bitcoin exchange

Growth of $10,000 since July 2010 (self.Bitcoin)submitted by Gold: $10,309 US Dollar Index: $10,662 US Bonds: $12,178 S&P 500: $25,660 Bitcoin: $146,428,889 π Rendered by PID 11984 on app-255 at 2017-06-24 10:32:43.479938+00:00 running 3522178 country code: SG.)submitted by π Rendered by PID 12989 on app-510 at 2017-06-24 10:32:47.168575+00:00 running 3522178 country code: SG.bitcoin asic miner listThis is an archived post.You won't be able to vote or comment.Any Bitcoin millionaires here on reddit?If so, what are you doing with your life now?(self.Bitcoin)submitted by I'm curious if there's anyone here whose gotten REALLY rich thanks to Bitcoin.I'm not talking about gaining just a few hundred or a few thousand USD, but hundreds of thousands, or millions of dollars.If so, how has your life changed?What are you doing with it now?Have you "cashed out" significantly, or is most of your wealth still in bitcoin?

Have you made any other investments with your earnings (gold, fiat, stocks, real estate, brick and mortar businesses)?Are you living a life of leisure?This is all for curiosity sake.And FYI, I am not a bitcoin millionaire.I am a bitcoin newbie with 0.01 BTC to my name.I just find the technology and the virtual gold rush fascinating.π Rendered by PID 11599 on app-404 at 2017-06-24 10:32:53.206641+00:00 running 3522178 country code: SG.As consumers' adoption of bitcoin continues to increase and a number of major retailers have decided to accept the virtual currency, alarming cases of fraud with bitcoins continue to emerge.Because bitcoin transactions are irreversible and not overseen by a central authority or bank, bitcoins are a popular vehicle for fraud and theft.Bitcoin scams are often initially promoted in online forums or chat rooms, with promoters creating an elaborate front to convince investors they are legitimate.The following are five of the most common scams involving bitcoin: 1.

Bitcoin Ponzi Schemes and High-Yield Investment Programs.These scams lure people in with promises of high interest rates on deposits.As with other Ponzi schemes, early investors are paid out using investments from later investors.When new investors stop joining and payments cannot be made, the scheme collapses.These scams last often only a couple of months, but the organizers are prone to simply repeat the whole process again afterwards.Bitcoin Mining Investment Scams.Bitcoin mining involves validating transactions and providing security for the public ledger, known as the blockchain.This process requires extremely powerful and expensive computer equipment.The mining scams typically involve orders for equipment that are paid for in advance and never delivered.(For an in-depth review of mining, see: What is Bitcoin Mining?)A bitcoin wallet is a software program used to store bitcoins.Wallet scams attract users with the assurance of greater transaction anonymity.Once the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet.

These exchanges attract users by offering credit card processing at more competitive rate than their competitors.The fraudulent bitcoin exchanges simply do not return bitcoin or cash after receiving payment.Phishing scams can involve emails informing people that they have been awarded or given bitcoins.They are told that they need to log into their bitcoin wallets through a link in the email that unbeknownst to them gives the phishers complete control the account.It is advisable to thoroughly investigate the background of the bitcoin-related company you are thinking of transacting with and look for transparency in their dealings.Publicly available audits can assuage doubt over whether a company is able to deliver what it promises.Proof-of-reserves cryptographic audits enable companies to publicly disclose their bitcoin holdings.Established forums like reddit can help provide a balanced perspective on the legitimacy of a company.As in the offline world, if it looks too good to be true, it is most likely a scam.