There was another fairly meaty security update yesterday from BCN and a general "keep you informed" news bulletin. The detail is below but before I get to that I just wanted to say (he crosses his fingers and toes) that it does seem to be that Bitcoin has established a resistance line in value now OVER $700. This is significant to say the least.
Right now Bitcoin is worth $750. Many of you came in to BCN shortly after I did at around the $250 to $300 mark for Bitcoin value and have seen $400 plus dollar increases in the currency accordingly.
I still think that some of you don't understand the long term value of what you have here. First off, Clubcoin, right now, as I look on the exchange at Bittrex is valued at just over 50 cents. So for every 100 Clubcoin you were given upon joining, you have over $50 of real and absolute value. And I hope and trust that you are also staking your coins to earn more coins. You could turn that, if you wished, right now into cash by going to Bittrex and selling it.
I'm not suggesting you do but I really put that out there for those of you that are looking at your investment in Bitclub and thinking - "oh dear, this doesn't seem to be producing much". Most people I know who came in as Founder members received around 10,000 Clubcoin in the beginning so they are already sitting on $5,000.
It is too easy to dwell on daily Bitcoin mining rewards (and there are some massive variables at play in mining results) and thinking that your funds/shares aren't accumulating fast enough. But that "thought" suggests that you have put some sort of time limit on the exercise. If you have, so be it. But look at how you have this set up.
Are you, for instance, still set at 100% re-investment? If you are, great (if that's what you want) but remember that you will not be creating any actual Bitcoin daily income from this YET. On my youngest (newest) $500 share (set at 100% re-invest) I have 600 days to go on the main share and now hold 1.6 shares. The 1 share has 600 days to go. The point 6 of a share has, of course, anywhere between around 1010 days and (roughly) 610 days to go.
And of course it is auto extending its term constantly. So for how long will I hold these interests? I have no idea but I can start taking Bitcoin income from the "share" any time I want. Now what if, it only produced 50 cents per day in real terms when I did? So what, that is $500 over 1,000 days and $1,000 over 2,000 days but that is IF Bitcoin stays at $750 dollars. What if it is worth $1,500 dollars when I convert to income? Well then that is $1 per day - and so it moves on.
On my original Founder shares, I am getting, right now, around $5 per day in actual Bitcoin income but I am also (easy to forget this bit) still getting automatic re-purchases of 50%/40% and 30%. So the share totals still grow and I get around $5 per day. if that continues for 2,000 days in total that is $10,000. Now I will accept that the mathematics involved in this can be mind stretching but the bottom line is you must always remember that this was never going to be a short term thing.
The whole point of recurring re-purchases is that your overall share of mining rewards gradually increases. Yes it is GRADUAL and if you watch it daily or even weekly, it is like watching paint dry, no question about that. And yes, as new members come in there could be time periods when the increase in mining equipment moves slower than the
increase in new members taking a share. But what if my returns daily were only $2.50? That would still equate to $5,000 over 2,000 days AND I still have Clubcoin AND there are new things coming along all the time.
So I hope that has helped to put things in focus for you. Think LONG-TERM, think PACKAGE OVERALL and think WHO KNOWS WHAT'S COMING IN THE FUTURE.
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