It is interesting to note that, during a very quiet time at Bitclub Network, one of its strongest (in my opinion) assets is doing well.
It's a quiet time at BCN because the guys that drive the business forward are putting all of their efforts into making sure we all have a great business that grows from strength to strength in the future while others fall away.
And, when there is nothing much to say they say nothing much. As we know, there was a mass of effort put into making the platform as secure as possible and there is still ongoing work there to improve all the data we, as members, have access to.
When the guys with the knowledge to move this business forward are extremely quiet, they are quiet for a reason. Fundamentally, Bitclub Network is (as the name suggests) a Network and a Network relies on its members to pass information, help, training and news and anything of interest down the line to other members. So if it is really quiet, that is because we, the members are simply not talking and sharing.
That is why I have Bit-Talk but I can only communicate to those that subscribe to my service. If you guys want to get this news to go further then simply subscribe your own contacts to this and I will do the best job I can of keeping people posted with news.
So those driving the BCN business are quiet.They are quiet as they work on future developments (one of which I am going to be finding out more about next Wednesday, 13th July, in Kuala Lumpur).
So watch out for issue 33 of Bit-Talk (I may even get a chance to send it from KL) as I will tell you what I discovered. The rumour mill is in full swing and it is true to say that some of those closer to the core of the business are getting excited. I have a good idea of what is coming now but I am not going to say a thing until it is official.
Moving on; during this very quiet period it is interesting to see that ClubCoin, very much out of the main focus of late because of, among other things, Ethereum, is having a little value rally.
ClubCoin is currently trading at around 30 cents per coin, right now, on Bittrex.
So, if you have 1,000 ClubCoins (and most BCN members have more than that) then you have, right now, at least $300 of real assets on top of the value of your BCN mining pool activities.
To have 1,000 ClubCoin (or less) means that you made an investment in Bitclub Mining Pool Shares of the basic $500 (plus membership of $99 of course) and with the ClubCoin you have mined since you joined, I'm pretty sure that's your investment returned already in all probability or, at least, very close to it. Many BCN members have well over 10,000 ClubCoins of course and 10,000 ClubCoins is currently $3,000 of real value. Since you could acquire 10,000 ClubCoins back when i joined for a founder position, then, most people who have a founder position (especially if they have been staking ClubCoin as they should have been), will pretty much already have their total investment back in ClubCoin alone.
And, let us be clear, you can go to Bittrex right now and sell your ClubCoin, exchanging it for Bitcoin and then, if you wished to, you could sell your Bitcoin and exchange it for that rather dodgy (in value terms) and unreliable fiat currency of your choice.
Why am I moved to mention all of this? Well, I have seen comments, (concerns in reality), of late about the quiet nature of BCN and worries about the state of the business at the moment and some comments regarding the Bitcoin mining returns.
Well, from what I can see (and I pay much closer attention than most) the business is very healthy indeed and you need not be concerned. And, let me just take a moment to remind you if the opportunities that have been presented by this wonderful business already.
1) Bitcoin Mining - it might not be going as fast as you like but the value of Bitcoin has gone from $230 when i joined to (right now) $650. So, the little bit you get from mining is worth a lot more than you might think.
2) ClubCoin - well I think I covered that one.
3) An opportunity to mine Ether (Ethereum). In fact, you may not even have been aware of Ether had you not been involved with BCN. Some of my colleagues and friends are buying Ether like crazy now almost as if it were going to run out soon.
In fact, one of my colleagues has sold all of his spare Bitcoin to buy Ether (not sure I'd go that far) but the point is, here is another opportunity that I personally and many others may not have even heard of without being a part of BCN.
I think people assume that there is an army of employees at Bitclub Network doing our daily bidding. There isn't and most of the "mundane" daily tasks of looking after the Network and driving the development of future product ideas forward is being dealt with through sub-contracting to outside parties.
Sometimes those outside parties are not as quick at delivering the goods as we'd like and we're all guilty of impatience when it comes to waiting for new things to be announced.
If there were an army of BCN employees there to serve all of our whims, that would involve a huge cost and would probably defeat the object of mining as we'd need all the Bitcoin just for the salaries.
Now, I should stress, so that there is no confusion here, that I have not personally noticed any real fall off of mining returns at all (referring back to what I said above about the comments I'd seen) beyond the normal 10 day cycle variations you get anyway because the number of blocks we mine varies.
But then, to be fair, I am still set to 100% re-investment on all of my mining shares so I wouldn't see the day to day Bitcoin payments falling into the in-house wallet anyway.
All I know is that, even without ClubCoin I am overwhelmingly happy with what I have made and seen at BCN. If I add in ClubCoin I am already way ahead of anything I have put in and extremely happy with how it has alI gone and I am one of many in that position.
So think about your ClubCoin while we are waiting for the next stage of Bitclubs' ongoing development. Think about the fact that you were given this with no strings attached and that for every 1,000 ClubCoin you currently own, you have $300 (right now) that you can take whenever you need to.
Now; the value will move up and down as it has done before and so far. The highest I ever saw it was $1.24, the lowest, 5 cents but I do believe it could climb in the future to $3, $4 or $5 dollars when the merchant platform in in place.
Come the business merchant platform actually being out there in the market and starting to build a reputation (yes it has taken rather longer than we were all hoping) it will allow businesses to transact in Bitcoins and ClubCoins and maybe even a few other Crypto Currencies for good measure. Then, I believe, ClubCoin will really show its worth.
However, 30 cents a pop for something you didn't have to buy isn't bad is it? Let's be honest if someone tried to sell you ClubCoin when you first heard about it, even at 5 cents a go, you'd have never touched it. Now think about the other things you invested in over the last 12 months that went up in value 6 fold?
Bet you can't think of many. |
