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You’re probably familiar with the news on the take down of two of the largest online darknet marketplaces – AlphaBay and Hansa. It’s being called as the largest international operation against the dark web’s marketplaces conducted by the FBI, DEA and Dutch National Police.
However, it was ironic how the federal authorities took down AlphaBay but took Hansa under their charge and kept it running for around a month just to keep an eye out on the happenings of its daily visitors. Also, the visitors of AlphaBay Market had flooded the Hansa Market since they were forced by the seizer.
In addition, many of AlphaBay’s users found refuge in other dark markets as well such as Dream Market, which is said to be the second-largest darknet marketplace. But this safe haven is seemingly on the red alert as well as some Reddit users on various “r/Dream_Market” threads are concerned about the marketplace.
A Reddit user claims that Dream Market might already be under the federal authorities control. This is what the user’s post said.
“I got contacted by an ex-Hansa staff member telling me that the operation is apparently bigger than we currently assume, that ‘there will be a bloodbath, a purge’ and that ‘any vendor on HANSA should immediately seize his operation, lawyer up and hide his trails’.”
Another Reddit user claimed to have found a non-encrypted IP address in Dream Market’s source code, saying that the police have possibly taken control of the black market and are now observing all the activities of its visitors.
Now you might be wondering what are other alternatives that you could visit that are not on the radar right now. Well, fret no more.
Here are 3 of the closest options you can get of the above-mentioned darknet marketplaces:
3 Best Alternatives Of Dream Market:
Silk Road 3.1:
As we all know, Silk Road has been taken down several times before but that has never stopped it from rising back up. This proves that as long as the Darknet Markets remain, so will Silk Road. It is still growing in popularity which is a good sign since it means its laying low.
Russian Anonymous Marketplace is one of the oldest darknet markets to exist. With a forum based interface and a range of drugs from light to hard, it is a good alternative. Especially since it’s pretty old, it has got good reviews.
Last but not the least…
Bermuda is a brand new darknet marketplace that is said to provide an escrow service based on Bitcoin for a safe and smooth trading procedure. The advantage of it being entirely new is that it’ll be completely off the radar so you are in good hands. According to some reviews, it’s doing good in the market, so definitely check it out in case you’re looking a safer alternative.
Over the past few months, Bitcoin investment has seen a steady rise in its value. At the time of writing, one bitcoin is worth $1157.27 USD. This incredible value appreciation has grabbed the attention of many people. Also, with the media and government paying attention to the virtual currencies, the number of people looking to start their Bitcoin venture has gone off the charts.
Another reason as to why digital currency is gaining so much popularity is its worldwide acceptance as a form of payment at retails, corporations and large business organizations.
Moreover, it has made transactions quicker, safer and cheap as compared to the transactions involving fiat currency.
With all this being said, one question pops up into the mind: “should you make Bitcoin investment or not?”
The goal of this article is to provide you detailed insight on this question. So, let’s get started.
Buying Bitcoin and holding on until the value appreciates
The first one is quite simple. You go to a Bitcoin exchange, buy bitcoins and hope for the value to go high.
Mining, on the other hand, is a little tricky because when a transaction takes place, it goes straight to get verified by miners over the network. The verification process involves some complex algorithms. However, once the transaction is verified, the miners receive freshly mined BTC as a reward.
One of the biggest risks involved in Bitcoin mining is that the currency has no inherent value, is relatively new and has a price which is highly volatile.
Despite the risk, plenty of private companies and organizations are investing a colossal amount of money in BTC. Moreover, the currency is being accepted as a form of payment throughout the world, which indicates that it’s only going to increase in usage and the likelihood of it dropping back to zero is extremely low.
Another risk involved in Bitcoin mining is the difficulty. In earlier days, the difficulty level was not so high and people could easily mine new blocks through their PCs and regular laptops.
However, the difficulty has now gone to the next level with more people joining mining pools.
Since the max that bitcoins will ever reach is 21 million, the closer you get to the number, the harder it becomes to mine the coins, hence the lesser rewards.
Apart from these two, there is a safe third option. If you can create some complex algorithms/graphic cards through some cheap equipment, then you can expect higher profits. However, a large majority of people don’t have the sufficient skill set to succeed through this option.
So, What’s the Advice?
Keep yourself updated with the market trends, browse through Bitcoin forums and do some research regarding costs before taking a dive into the BTC world. Following these rules would increase your chances of success by over 100%. Good luck with your venture.
The hottest news coming out of the Bitcoin world is it being split into two. The hard fork, everyone was eagerly waiting for was carried out on August 1st and we no more have Bitcoin – the lord of the crypto – as a single entity. Yes, now there are two bitcoins:! BTC (original Bitcoin) and Bitcoin Cash or BCH (forked version of Bitcoin).
what is bitcoin cash?
Bitcoin Cash is similar to Bitcoin in terms of protocol: same block time, 21,000,000 supply, proof of work SHA-256 hashing, and the same reward system.
However, two of the main things that separate it from Bitcoin are: block size limit and the difficulty level.
Bitcoin Cash proposes to expand the block size to 8 MB compared to Bitcoin which offers a block size of just 1 MB. The other major difference between the two crypto-bros is difficulty level as BCH will adjust the difficulty every 6 blocks as opposed to Bitcoin’s 2016 blocks.
Some other differences are discussed in the following part of the article.
What Is The Difference Between Bitcoin And Bitcoin Cash?
BCH is an altcoin forked off Bitcoin
It separates blockchain and bumps up the block size up to 8MB
It removes Segwit
If the split is not successful or the community refuses the usage, BCH will soon diminish after the split.
How To get Bitcoin Cash?
Before obtaining Bitcoin Cash, make sure you go through the following points:
Get Your Private Key Ready:
Get a private key to make sure you have access to Bitcoin wallet. Having a private key is essential as without it, there is no way you can access the coins.
Create A BCH Wallet:
In order to keep Bitcoin Cash somewhere, you will need to create a BCH wallet. This will help secure your bitcoins and also assist to make transactions.
Do Not Trust Anyone:
Do not trust anyone, I repeat, do not trust anyone under any circumstances. You will be contacted with numerous scammers/tricksters whose sole purpose is to steal your coins. You can avoid them by not responding back and keeping your private key unrevealed.
What Are The Exchanges And Wallets That Except BCH?
bitcoin vs other cryptocurrencies:
The list of Exchanges/wallets that except BCH include:
The word is, we now have two bitcoins: Bitcoin and Bitcoin Cash (BCC or BCH).
Just remember to be cautious while splitting your BTC and read as much about the split as possible. Hopefully, you made most of the split and are now enjoying your free coins.
Do let us know how the split turned out for you below!