Blog

Bitcoin breaks through $12,000

Aug-19-2020 08:27:58 AM


According to the data from Coinbase, Bitcoin, the cryptocurrency with the highest market capitalization value, broke through the resistance level above $12,000 in the early hours of Tuesday morning, setting a high point in the past 13 months.

The data also shows that the price of Bitcoin has soared by 70% since 2020. If you started from the low point after the plunge in March, the price of Bitcoin has raised by three times.

The mainstream media Reuters mentioned in its report on the price of Bitcoin on Monday that “the low interest rates of global central banks and the huge bond purchase program have stimulated demand for Bitcoin as a cryptocurrency. Some investors believe that due to its limited supply Bitcoin can hedge against inflation.”

The current price of Bitcoin is very close to the high near the end of June last year near 14,000 US dollars, but it is still a long way from the historical high near 20,000 US dollars in December 2017. After breaking through $12,000, Bitcoin’s next resistance level will be above $13,000.

The price of gold has risen along with Bitcoin. The price of gold has recovered from last week’s sharp drop to US$1991 per ounce. According to an earlier report by “Bitpush”, Bloomberg believes that the correlation between Bitcoin and gold is strengthening, and the stable price of Bitcoin will be 6 times that of gold. This year will also be a crucial year for the transition from Bitcoin to digital gold.

Anthony Pompliano, one of Morgan Creek Digital’s co-founders, believes that by the end of 2029, the market value of Bitcoin will exceed that of gold. The current market value of Bitcoin is currently 227 billion U.S. dollars, while the market value of gold is about 9 trillion U.S. dollars, which is about 40 times that of Bitcoin.

At present, the fundamentals of Bitcoin are still bullish as a whole. The hash rate of the Bitcoin blockchain network has just reached 129 TH/s, setting a record high. The increase in the hash rate indicates that crypto miners are in favor of this asset, and because they believe that it will continue to rise, they invest more equipment for Bitcoin mining.

Scheduled payments on March 20th postponed to March 27th

Mar-19-2020 11:55:22 PM
Hello!

There is a scheduled fire drill in our office building on March 20th, Friday.
So the scheduled payments will be postponed to next Friday, March 27th.
We are sorry for this inconvenience and thanks for your understanding.

Thanks for using our investment services, happy weekend.

Sincerely
Support Dept.
https://bitcoinprofit.net

What's the best Time to invest your BTC?

Mar-13-2020 12:10:40 AM
Hello fellow members!

Many members wrote to us discussing the best time to invest their BTC so as to get the maximum profit.

Well, in a word, each time when BTC price encounters the so call "crash", it is a best time to invest your BTC. For example, BTC dropped from 8K USD to 3.8K USD in the last 6hours, this was a best chance for many many people to purchase and invest their BTC.

Meanwhile, your bitcoin(s) will never devalue on bitcoinprofit.net, no matter what the bitcoin price is, your coin is always growing (increasing) by investing with us because our system counts on BTC only not on USD. For instance, you purchased and invested 1 BTC at the price of 4k USD to our 2% plan, then you will receive 0.02 BTC each day and total 2 BTC on the 100th business day, is that amazing? Isn't this a best way to double (increase) your bitcoin?

Have a great day/night!

Kindest Regards,
Spenser
CEO


Bitcoin Hits $10,000 for the First Time in 2020

Feb-10-2020 08:30:32 AM


Bitcoin (BTC) hits $10,000 and stays stable at around 10.1K USD on Feb 9, capping a momentous first month of 2020 to reach its highest level since October 2019.

BTC seals $10K after three months

Crypto market weekly price chart. Source: Coin360

Crypto market weekly price chart from Coin360

Data from Coinbase exchange and Cointelegraph Markets showed that shortly after 3:00 a.m. UTC BTC/USD moved to $10,000 on a high volume spike but the digital asset quickly pulled back to $9,975. The feat of reclaiming five figures occurred after a nearly four-month absence.

During that time, the pair traded as low as $6,400 before an abrupt bullish turnaround saw January alone deliver gains of 35%.

The move to the symbolic $10,000 level was preceded by Bitcoin futures markets, which briefly entered the zone on Feb. 6.


Our 4th X'mas !!!

Dec-24-2019 12:29:13 PM
Hello fellow investors!

Tomorrow will be our Forth Christmas day! I would like to express our faithfully appreciation for the trust you have placed in bitcoinprofit.net. Thank you for being our value customers. We look forward to continuing serving you in the coming new year.
We wish you a happiness, prosperity and abundant good health in 2020.

Kindest Regards,
Spenser
CEO

Payments on Oct. 4th postponed to Oct. 11th

Oct-3-2019 02:22:24 PM
Hello!

There is a scheduled fire drill in our office building on October 4th, Friday.
So the payments on October 5th will be postponed to next Friday, October 11th.
We are sorry for this inconvenience and thanks for your understanding.

Sincerely
Support Dept.
https://bitcoinprofit.net

Scheduled payments postponed to April 13th

Apr-13-2019 11:57:09 AM
Hello!

There was an unscheduled power cut on April 12th, Friday.
That's why the payments (on each Friday) which should be processed yesterday were 18 hours later than scheduled.
We are sorry for the inconvenience.

Thanks for using our investment services, happy weekend!!!

Sincerely
Support Dept.
https://bitcoinprofit.net

Christmas and New Year Holidays

Dec-23-2018 03:33:45 PM
Hello fellow investors!

How are you doing today?

We wish you all have an amazing Christmas Holiday and hope you are ready to ring in the coming 2019.
We would like to express our sincerest appreciation for the trust you have placed in us and our services.

We'll be on holidays from Dec 24 to Jan 6. Thank you for being a customer at bitcoinprofit.net. We look forward to continuing serving you in 2019. This New Year, we wish you abundance and joyous moments for it has been enriching for us to have had you as our valued client. We wish you a happiness, prosperity and abundant good health in the year of 2019.

Sincerely
Support Dept.
https://bitcoinprofit.net

Scheduled payments shifted to Dev. 17th

Dec-17-2018 10:59:36 AM
Hello!

We are planning to replace our old PC with new ones on our Financial department on Dev. 21th, Friday.
So the scheduled payments (on each Friday) is shifted four days earlier.
All pending payments are processed today (Dev. 17th, Monday)!

Thanks for using our investment services, happy earning!!!

Sincerely
Support Dept.
https://bitcoinprofit.net

DO NOT trust any email that appears to be from us

Sep-26-2018 02:38:43 PM
Hello,

bitcoinprofit.net has been online for 737 days already, we are now serving 36,729 happy clients from all over the world and we've paid total 10,029.02491493 Ƀ to our members.

As we are becoming bigger and bigger, and we are now the top provider of bitcoin profits, some treacherous guys are trying to scam people on the name of bitcoinprofit.net.

Please DO NOT trust any email that appears to be sent from us. If you have any question or if you want to contact us, please use the online contact form only. Here's where our online contact form locates - https://bitcoinprofit.net/support.btc

Thank you and happy earning!

Kindest regards,
Support Dept.
Billy

Two Years Celebration, Biennial Rewards

Sep-19-2018 02:00:53 PM

Hello fellow members!

It's a great day, isn't it!
It's been 2 years since September 19th 2016.
We've made great achievements in helping our members growing their bitcoins.

To celebrate our 2 years anniversary, all members have 3 chances to get 100% full amount additional reward of their investments.
What is a full amount additional reward? In a word, the amount you invest is the amount of reward you will get. For example, you invest 0.1 Ƀ, you will get 0.1 Ƀ reward, you invest 1 Ƀ, you will get 1 Ƀ reward, you invest 10 Ƀ, you'll get 10 Ƀ rewards ... etc.

The reward is not a one time credit(payment), it is credited to your account balance 1% daily for 100 days. For example, you invest 1 Ƀ to our 2% daily plan, besides 0.02 Ƀ daily, you get additional 0.01 Ƀ each day for 100 days.

Celebration reward starts right after this post is made and will last for two weeks, it'll be ended on October 3rd 2018. Only the fresh deposits made after this post are counted as qualification for rewards.

Each member get only 3 chances to gain the rewards, if you make more than three deposits during this period, only your first three deposits are rewarded.

Rewards are credited to your account 6 hours after your deposit is confirmed. You can find your reward details on your "Deposit List" page.

Happy earning!

Kindest Regards,
Spenser
CEO

We suggest you use changing BTC address for your privacy

Sep-7-2018 12:38:40 PM

Hello,

Many old members have done a good job in protecting themselves. But we noticed that there are some new members always using a same bitcoin address for all his/her payments. We suggest you use a fresh btc address for each single payment for your privacy. You can simply change your address on your member's area before making a new request, you will need to enter a random confirmation code which is sent to you via email when you are trying to change your address. Kindly be reminded that you must keep your login detail and your email inbox safe, the one who has access to your inbox has the chance to change your address.

Sincerely
Support Dept.
https://bitcoinprofit.net

Wrong TX id on a few members' payments

Aug-10-2018 04:08:26 PM
Hello,

This post is specifically to 7 members below:
investspot, Manu, Daimazoku, 1949lore, Peppino55, Mchc25, Systemx, andrey1109, ng000496

Due to a minute of disconnection on our local network, your pending payments were processed successfully, but the TX id you received on your email is incorrect, please find the correct TX id for your payment on this link https://bitcoinprofit.net/home.btc#payments (kindly keep in mind that they will be covered by new payments on next Friday), or you may also find it from your member's area and it's on your "Withdrawal History" (it's there never be covered).

We are sorry for this inconvenience.

Kindest regards,
Support Dept.
https://bitcoinprofit.net

Blackmailers are still trying to extort us

Jun-28-2018 12:56:05 PM
Hello,

In the past few weeks, the blackmailers are still trying to threaten us to pay them 20 to 30 BTC, or they will spread negative comments and reviews regarding bitcoinprofit.net on social medias such Facebook and Twitter .....

Fellow investors, bitcoinprofit.net has been online for over 23 months now, we pay our members twice a week and never miss any payment. All clients are happy with our investment services. We will not pay the blackmailers a single cent, please help us to fight against the blackmailers.

Sincerely
Support Dept.
https://bitcoinprofit.net

Regarding payment processing ...

Apr-18-2018 01:09:28 PM
Hello,

Some members wrote to us asking why his/her payment transaction took so long to get a confirmation, while other members' got nearly instant confirmations .....

You know that we do not charge any fees for withdrawals, but the bitcoin network takes miner fees for each transaction. We pay the miner fees for each withdrawal. We pay higher fees for bigger amount transactions, lower fees for small amount ones. That is why some members get fast (as fast as instant) confirmations on their payment (because their amount is bigger), while others may take hours to get a confirmation (their amount is very small).

If you would like your payment to get faster confirmations, we suggest you can accumulate your earnings to a bigger amount and then make a withdrawal. (This would slightly ease our financial department's work load as well.)

Thanks for your understanding.

Sincerely
Support Dept.
https://bitcoinprofit.net


Bitcoin Price Back Above $10,000

Feb-15-2018 12:05:00 PM

The price of Bitcoin appears to be recovering well from the dramatic fall it experienced at the end of last year. The cost to buy a single unit of the world’s most popular cryptocurrency reached a two week high on Thursday, topping out at just above the $10,000 point. The second time passing, the five-digit psychological barrier seemed to offer little resistance as the price barely paused between $9,000 and the two week high.

The recent price surge seems largely driven by various news events clearing the fear and uncertainty surrounding the space of late. So far in 2018, doubt was cast over the market thanks to South Korea’s musing over a cryptocurrency ban. The government there had mentioned the possibility of them taking such a harsh step but have since stated that there is no intention to eradicate the crypto-craze that’s been sweeping the nation for some time. One report suggests that instead of the government there are others seeking to license cryptocurrency exchanges. This would serve to further legitimise the industry, as well as making the environment safer for investors.

Elsewhere, the latest round of SEC Senate hearings about Bitcoin is doing their fair share to dispel the doubt about cryptocurrencies that’s been creeping in since late December. During the hearing, the chairman of the Commodity Futures Trading Commission, Christopher Giancarlo, said:

“We owe it to this new generation to respect their enthusiasm for virtual currencies, with a thoughtful and balanced response, and not a dismissive one.”

What’s good news for Bitcoin is usually good news for the entire space. This was highlighted by similar gains across all major cryptocurrencies. Many within the top 20 by market cap have seen price leaps between two and 25 percent in the last 24 hours. This is according to industry price website Coinmarketcap.

Meanwhile, Tom Lee of Fundstrat Global Advisors believes that the price per BTC should exceed the previous all-time high by July of this year. The longtime Bitcoin advocate noted in a report earlier today that during “bull” periods of upward trends, Bitcoin recoveries take 1.7 times the amount of time the initial decline lasted for. For Lee, this “implies that 85 days are needed to recover prior highs — this is July 2018.” His end of 2018 price call remains $25,000.

Mati Greenspan, senior market analyst of eToro, spoke to CNBC via phone interview about the recent breakout of prices:

“FOMO (fear of missing out) is back in the markets… Crypto investors have been sitting on the sidelines waiting for a rally. Yesterday it was Litecoin which had a clean break out from its resistance levels and investors jumped on and are still riding it today… There’s been a lot of FUD (fear, uncertainty and doubt) over the past few weeks. The FUD is fading now.”


The second investment portfolio is open

Jan-6-2018 08:38:39 AM
Happy 2018! My fellow investors!

I hope you've enjoyed an amazing holidays!

We are now back from holiday and everything is back to normal. The 2nd investment plan - "0.72~1.44% daily on your deposit" is now open as scheduled. By investing to this portfolio, you can earn variable from 0.72% to 1.44% profit each day on weekdays, 0.51% on weekends and 0.24% on public holidays.

This plan works like your flexible/current deposits in the physical banks, and it's even much better than your physical bank's deposits. Let's see what is amazing - we pay interests/earnings to your account balance hour by hour. You can either reinvest your earnings from your available balance to increase your daily profits, or you can withdraw it to your bitcoin wallet.

The minimum deposit for this plan is lowered to 0.005 BTC and the minimum withdrawal is still 0.0005 BTC, there is no fee for deposit and withdrawal. You can make as many as 100 deposits if you want, but the maximum amount of total deposits is limited to 1,000 BTC; you will not be able to make any more deposit once you have 100 active deposits or your total deposit amount reaches 1,000 BTC.

You can release, in other words, cancel your investment contract (as low as 5% operation fees) and withdraw your principals(your initial deposits) at any time (except holidays) as you wish.

Enjoy the new plan and happy earning!

Kindest Regards,
Spenser
CEO

Merry Christmas and Happy New Year !!!!!

Dec-24-2017 01:40:16 PM

What a great day, isn't it! We wish you all have an amazing Christmas and hope you are ready to ring in the New Year. We would like to express our sincerest appreciation for the trust you have placed in us and our services. We'll be on holidays from Dec 24 to Jan 5. Thank you for being a customer at bitcoinprofit.net. We look forward to continuing serving you in 2018. This New Year, we wish you abundance and joyous moments for it has been enriching for us to have had you as our valued client. We wish you a happiness, prosperity and abundant good health in the year of 2018.


Scheduled server maintenance

Nov-8-2017 03:33:55 PM
Hello,

Kindly be posted that there will be a scheduled regular server maintenance on August 28.
Our website will be down for 3 hours, from 13:00PM to 16:00PM.
We are sorry for this inconvenience.

Sincerely
IT Dept.
https://bitcoinprofit.net

Regarding the 2nd & the 3rd Plans

Oct-9-2017 04:56:48 PM
Greeting my fellow investors!

We received dozens of emails consulting our second and third investment plans in the last two months.
We aware that some members just can't wait to invest to these two plans as they are more attractive, aren't they? :)

Yes, the 2nd plan (which offers 0.72~1.44% daily) has advantage on the contract (can be canceled at any time) terms/period, and the 3rd plan (offering 5% daily profit for 30 days) tends to be higher rates in return and it is more profitable.

But as scheduled, they are not gonna open recently. As per our schedule, the 2nd plan will be open on January 2018, and the 3rd plan will be open most properly in 2020.

Kindly be noted that any email with such concern won't be replied after this blog post.

Have a great day!

Kindest Regards,
Spenser
CEO


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