The Compumatrix Portal

Compumatrix created a portal for people to create a virtual currency out of their online productivity, time, marketing effort and money. It’s not an imaginary number. It’s a digital (intangible) asset which now bears the properties or elements found in bitcoin or bitshares.

The only thing that sets us apart from other cryptocurrencies is the way we make the virtual currency available to other people, by means of implementing a global, retail distribution network by co-producing the virtual prepaid cards which ensures profitability each step of the way. Profitability in terms of owning the virtual currency or in local currencies depending on which path each virtual currency owner takes: Direct (P2P) or Online Sales.

Consequently, we produce and promote online entrepreneurship which also helps our community provide an avenue for self-employment as Independent Contractors tasked in the proliferation of virtual currency. This is the Holy Grail to achieve massive growth and adoption.

Distribution and Ownership of virtual currency is just the start. The technologies we use are secure and advanced value transfer models or networks which we can tap to solve several other things including fintech-related problems.

With several angel investors, large companies and venture capital firms vetting in this technology, one can only ask why the little guy can’t be part of this revolution in his small little way. There is a solution for those who doesn’t belong in the top 1% to succeed through our system.

Acquiring COMPUCEEDS is not an “effortless” panacea for your financial problems. What you have accomplished and acquired over the time with us is well deserved. However, you have to realize that COMPUCEEDS is valuable as it is and truly doesn’t need an exchange. People buy COMPUCEEDS in exchange for their own bitcoin, altcoins and local currencies in order for them to benefit in our community, what we stand for and what we plan today and in the future.




Traditional and Unconventional Ways to Earn Bitcoins

The desire to earn bitcoins just soared up as the price went past $500 on all major exchanges. And people around the world are asking: How do I get started?

Bitcoin is totally taking the world via storm. Once upon a time, we were just writing about a person from one continent ordering a pizza for you with Bitcoins. Now, you can do something like that in a number of major cities. With increasing number of people and merchant accepting the cryptocurrency with the same acceptance rate as their local cash.

So, how do you earn bitcoins?

Mine it

The very first way to get your own Bitcoins was through mining. In 2009, every block mined (every 10 minutes on average) brought a reward of 50 BTC to the lucky one who managed to solve the computational problem. Right now and till 2016, every block brings 25 BTC. While the reward is still luring, there are some issues which stand in the way of earning some loot:

The hashing difficulty has grown significantly over the last years. No single equipment has enough computational power to compete for Bitcoins.

  • Mining has gotten unprofitable.
  • In hope for some reward, people are forced to unite in pools or use cloud mining services.
  • Even when the efforts are combined, there is still need to pay for the electricity, and the utility bills often exceed the mining reward.

All these factors make Bitcoin mining these days unprofitable. This makes us move forward to the next strategy of earning Bitcoins online.

Cloud Mining Companies are also around where you can purchase contracts for you to start earning bitcoins. Genesis Mining for example provides you a lifetime bitcoin mining contract and you’d break even after a year or so based on their current payments.

Work for it

If mining is not for you, you can search for work that you can do for Bitcoins. There are multiple services that will offer one an opportunity to work for cryptocurrency. You can find something at Coinality or by just going to /r/Jobs4Bitcoins on Reddit. Currently, you can earn Bitcoins online as a freelancer mainly, but some Bitcoin startups and companies like Overstock offer an option to get the regular payment in BTC. With greater acceptance, there will be more options to look for.

Barter

Another way to earn Bitcoins online is to sell something for crypto. If you are keen on handmade, you can accept BTC on your ETSY page, and if you are a merchant, you can use register with one of the Bitcoin payment providers, such as BitPay.

Gamble

If you are searching for a simple way to earn Bitcoins online, you may try gambling. However, while it might seem to you as easy money, gaming has a number of risks which need to be taken into account. In the following article, we have outlined for you some websites worth checking out when trying out your luck: Bitcoin Gambling. We don’t guarantee that you win, which is why we strongly recommend you to play only if you have some initial capital to spend. On the other hand, who knows, maybe you will get lucky and multiply your crypto.

Use some Faucets

We have already mentioned gambling and faucets in a recent article. What you need to know about Bitcoin faucets is that they allow you to get a small amount of cryptocurrency in particular time spans. For example, on many Bitcoin dice websites you can get 0.0001 BTC every 5 minutes. However, to get a new portion of satoshis, you need to have a zero balance. There are other options too where you can earn ‘Bitcoin dust’ for time spent on the website (for example, when playing games). You cannot gain much here, but sometimes it can be enough to get a feeling of owning some crypto.

Trade it

A good way to make an earning with Bitcoin and cryptocurrency in general is to do it through trading.  Sometimes, however, Bitcoin trading can be very similar to gambling – high risks are involved here too. In order to minimize them, you need to learn a bit about trading. Just start with a little amount, and when you feel more confident, you will be able to get to bigger earnings.

You can also find all these strategies (except gambling) at one place: The Compumatrix Portal.

In order to start earning bitcoins in Compumatrix, you would need to buy the COMPUCEEDS digital asset or virtual currency by either buying a virtual prepaid card from any of Compumatrix member in your area (much like LocalBitcoins.com) or you may find them online on their forum, fund your portal account with bitcoins (Compumatrix also serves as a bitcoin wallet) or use cash and/or other cryptocurrencies available at the OpenLedger to buy COMPUCEEDS. If you don’t want to lay out cash, then start with the faucets listed on your dashboard with proceeds set to be sent to your Compumatrix Bitcoin Address. You can even get started with nothing at all by loaning any of the cards. The latter does require payment IF you want to receive and spend your earnings. To learn more, visit our forum by clicking here.

The Compumatrix program also turns you into a virtual prepaid card distributor who earns by selling virtual prepaid cards that you create using their system.




Cryptocurrency: The Numbers are for Sale

Have people gone mad? or are they geniuses? Ever since Bitcoin was created in 2009, people started collecting cryptocurrencies as part of their digital assets. In order for us to understand this phenomenon, is to begin understanding the concept of currency and why it has value.

According to an article posted in Investopedia:

Economics teaches society that values are subjective; items have economic value because people desire them for one reason or another. Currencies, or mediums of exchange, serve several different and crucial functions in an economy. For one, they make trade easier; money currencies trade for nearly any good or service.

For example, suppose a person has 5 units of lumber and wishes to purchase a dog. Without currency, his only option is to find a lumber-wanting dog owner. With currency, like U.S. dollars, he can sell the lumber to anyone who wants it and then use the money to purchase a dog.

Currency also provides a universal measurement for accounting purposes. For instance, without currency, it is difficult to compare companies that sell different goods. Currency is used as a store of value, which makes saving, investing and banking easier.

Some currencies, like gold, have value because they are useful as a commodity. Government fiat currencies, like the U.S. dollar, have value because governments grant them legal tender status and only accept taxes through them.

So why do people value Cryptocurrencies?

Cryptocurrencies the likes of bitcoin, litecoin or this groups own Compuceeds do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars. Rather, Cryptocurrencies, apparently, becomes valuable once they reach the following milestones:

Popularity. Not necessarily mainstream adoption. The first step is for people to accept and trade their particular cryptocurrency. Trading simply means buying and selling it based on the perceived value of the entire community. This perceived value is typically dictated by prices set by the community through exchanges. The more people using it, the more its value is recognized. This leads to further growth and adoption.

Most cryptocurrencies are decentralized and limited. This is a major factor for many users. Cryptocurrencies are hard for governments to trace and tax. Also, unlike fiat money produced by central banks, there is a cap set on total coins, limiting how much the currency can devalue through inflation.

Cryptocurrencies act like an equity investment. The market value of a certain digital asset or cryptocurrency usually has had wild swings in value and even a market cap.

Cryptocurrency forms a social network. One of the fundamental reasons for a cryptocurrency’s success is its community. These communities need to be active and act like other online social networks where they support and show their loyalty on the digital asset they collect or own. A community promoting their own cryptocurrency is a crucial factor in determining its value and price today and in the future.

Are you in the business of buying, collecting and selling cryptocurrencies? Then you are the key towards its success. Your support and determination to win can go a long way. So equip yourself with the basics in the setting of its value. The minute you figure out what is there to love about the cryptocurrency you are collecting then you are on your way to making it big in this industry you’ve chosen to be a part of.




Can you make a living day trading cryptocurrencies?

Our friends at Reddit says “Absolutely.” Actively trading cryptocurrencies or cryptos for several months can certainly make a decent living if done full time.  Before doing so, the following one needs to consider the following important things:

Research – if you’re not trading you should be reading. Be familiar with current trends such as community loyalty, developer competence of the platforms you use, market confidence, and other trends which may affect the price of a cryptocurrency.

Opportunities – based on your research you should be able to spot investment opportunities and gauge participation based on risk vs reward. Often times grinding out small, low risk moves (such as running arbitrage) can be just as lucrative as catching a big move. Knowing price trends in terms of BTC and USD is vital. Sometimes gains can be made in BTC but not USD and vice versa.

Don’t be greedy – the crypto space is very volatile but it’s not too dissimilar in its trading and price discovery than the stock market. Rallies eventually lead to selloffs and its better to lock in profit early than take on unnecessary risk for a slightly higher move. Also, sometimes doing nothing is better than doing something.

You have to be able to recognize opportunities regardless of market behavior. The market moves relative to the price of BTC.  Even if BTC is in a down trend you can make money by purchasing altcoins (Alternative to Bitcoins, such as COMPUCEEDS, DOGE, LTC, XRP, BTS) that are oversold by trading the altcoin-to-BTC ratios. Sure, your purchasing power in USD may be lower but as long as your purchasing power in BTC is still increasing you’ll be ok.

One thing worth noting is that most interest gained on money is considered to be a strong investment at around 7% interest per year. However, when actively trading, especially day trading you can easily make 10%+ in a day. The important things to realize about day trading are:

You can make money when the market goes down by strategically buying, but also never waiting for the bottom or the top. In the words of Warren Buffet “Catch the Falling Knife” if you wait for the lowest price you’ll miss it.

You will make some horrible losses. When I used to day trade there were days where I made losses of 15%-30% of my portfolio, however, at the end of the month I was up 17% in total as I didn’t let those losses deter me. They will happen, it will be soul crushing, you just can’t quit.

Only invest what you can afford to lose. Some people think this advice is in regards to simply caring about your financial future and if you are ok with risks then you can ignore it. That is NOT the case. This advice actually exists to reflect the decision making model that is required for successful day trading. In day trading you don’t have the opportunity to hesitate and you do have to take occasional gambles, if your dealing with money that you can’t afford to lose then no matter how hard you try, your decision making will be affected and you will not be risk adverse enough.

As far as actually making a living let’s talk about what that would take:

Let’s say it was for $100,000/year (although I know many would be happy with less, we shall assume that someone educated enough to be an active day trader would be aiming for). This breaks down to roughly $2000/week or $400/work day in a week. If we exclude the earlier cases of cryptocurrencies growing thousands of percents a day, and exclude the general stability that we saw in the past few weeks, then it’s easy enough for an experienced day trader to pull of 10-20% a month or more.

For the sake of this math lets say they get a 12.5% return each month: 12.5%*12 = 150% return per year (ignoring compounding) So with an investment of $60,000 a modest decent day trader could be making a decent living. That being said if you were shooting for around the $50k~ income bracket, you’d only need a $30k~ investment to go full time (if you knew what you are doing).




How far from Compuceeds to Bitcoins?

My friends and so called acquaintances told me that I am wasting my time. Many of my associates have practically written me off saying that I am a mad guy. When I tried to tell them that I am into a REAL PROGRAM which will give me dividends in the long run, most of my acquaintances have looked at me as if I am joking. That didn’t deter me or my confidence in Compumatrix, the brain child of our most beloved and respected founder Henry James.

I joined many programs which are not found any where now. I joined Compumatrix 10 years back and today Compumatrix has achieved the impossible. It’s not that it’s a cake walk. It is by the sheer hard work and unstinting determination our most beloved and respected founder Henry James has shown in bringing the ship of Compumatrix to the shore of a wonderful world, where all members, irrespective of whether they are founding members or members who joined in recent times, will be getting the fruits of their patience and trust on the company Compumatrix.

Henry picked up a wonderful and dedicated team to accomplish his dream of achieving the impossible. David, the CEO, Alan the Advisory, Jane, Chairperson of BOD, Erline, COO, Dr. Liz the most dedicated Director, Gail, VP of the company and a lot more are the core group of Henry, who lent their helping hand to Henry.

No doubt Compumatrix has to change its course quite a few times to suit to the demands of people at the helm. Today we the founding members at Compumatrix can very confidently say that we are just at arm’s distance from the pinnacle of success. The demand for Compuceeds, the crypto-currency of Compumatrix has grown beyond anyone’s imagination.

Honestly I am short of words to congratulate and thank Henry and his most dedicated team for achieving the pinnacle of success.

For those who have still not opened their accounts with Compumatrix, my sincere advice is Join Compumatrix immediately, buy Compuceeds and start increasing your Compuceeds by doing simple things.

Getting interested in Compumatrix and Compuceeds? Contact any of the Henry’s team or any founding member of Compumatrix, including me.

Tomorrow may be too late.




Factors that Influence the Price of Virtual Currencies

Decentralized virtual currencies are not controlled by any government, organisation, or company. All our experience with price determination of traditional fiat money is not applicable in this case. Furthermore, price fluctuations are a subject for trading virtual currencies and earning on the price difference. To predict the next rise or drop in the virtual currency price, it’s good to know what makes it do so. We tried to figure out some of the factors that influence the price of a virtual currency.

People’s Minds

Virtual Currencies, specifically cryptocurrencies, are probably the most democratic currency in the world, as its price is formed based on the correlation between supply and demand on the market of each virtual currency exchange. Thereby, if a person with significant amount of virtual currency decided to sell them at once for some reason, it may lead to a price drop on a certain virtual currency marketplace, and to a drop of the virtual currency price in average. The next factor is something that really influences people’s minds.

Virtual Currency News

Trying to predict where the virtual currency price will go further — up or down — we constantly track news on that particular virtual currency. As one of the famous companies adopts virtual currency, the price goes up. Such a situation happened when Dell or Virgin Galactic started accepting Bitcoin. At the same time, when Apple deleted all the Bitcoin apps from the App Store, Bitcoin price experienced a notable drop. For those who are only considering to enter the Bitcoin ecosystem, news presented by traditional mass media come in hand. TechCrunch hosts a weekly Bitcoin-focused podcast, such media monsters as Forbes, BloombergView, WIRED, and the Wall Street Journal cover Bitcoin news as well.

Killer App

The more people use virtual currency in everyday life, the broader adoption it gains, bringing the price to the moon. But even though virtual currencies have indisputable advantages, it is not as easy in use for everyone. Therefore, it makes sense that so many companies try to develop a real virtual currency killer app that would ease usage in  everyday life to such extent that it stands near Visa and MasterCard.This is how virtual currency is more an more entering not only the lives of geeks and Wall Street traders, but also developers and IT companies.

Exchange Hacks

A dark side of the factors that influence the price are exchange hacks or hacking incidents cited. Perhaps, the most significant price drop throughout the history of Bitcoin was the Mt.Gox incident. Not only people lost their Bitcoins, but they have also gained a disbelief in the system they trusted so much. Those who were not affected by the exchange hack directly, still felt the turbulence of the whole industry because of the price drop.

Regulation

Each time any government releases official statements regarding regulation of digital currencies, the price is affected. Even if government actions are not directly related to virtual currencies, the impact is also present. Let’s recall, for example, the banking crisis in Cyprus, when the government seized funds, which led to many discussions whether Cyprus should turn to Bitcoin adoption.