Dacxi Blog

The DAC Coin is the community coin of the global Dacxi Economy. The DAC Pack is a Dacxi product where customers can buy DAC Coins and receive up to 70% more coins as a bonus. Customers buy the DAC Pack because of the significant growth potential of the DAC Coin over the blue chip coin Bundle product. Why Purchase the DAC Coin? The DAC Coin has massive potential for price growth because : Global Demand. The potential of the niche Dacxi global economy, taking its Crowd Finance ecosystem to every country of the world. Coin Utility. It will be used in four areas — crowd services, exchange benefits, global affiliate bonuses and accessing alternative opportunities. Crowd Promotion. A global Dacxi crowd using the coin will promote the brand and its attractiveness. This is a marketing concept that few utility coins possess. 1. The Dacxi/DAC Coin Global Economy The global Dacxi economy has the potential to be a billion dollar niche sector. In each country, Dacxi and its partners will seek to le...

For weeks, if not months, the buzz in the crypto-world has been the Bitcoin halving. That happened on May 11, so what happens now? The change in mining rewards from 12.5 Bitcoin to 6.25 Bitcoin happened, but the impact of this was never expected on the same day. The buzz happened before and will happen after the event. The halving means that the miners will have half as many Bitcoins that they need to pay for the mining process. It means that over the coming weeks and months, there will be less selling pressure which means buying demand will have a greater chance of pushing prices up. And the miners, the key people in the Bitcoin ecosystem, need the prices to go up because they just had a 50% income cut. For all the speculators on Bitcoin price rises out there, like me, be very clear, the purpose of Bitcoin is not to make you or anyone else money. Its purpose is to be a currency. So the only people who really matter are the users of the currency and the miners who make the system happe...

  I lost my bet We messed up pretty bad. All of the core staff in Dacxi lost the bet we made in January 2020 on what the price of Bitcoin would be in USD by the end of 2020. Most people guessed between $10 and14k. And if it was above 14k we would grow beards, so no one was surprised when they had to start growing facial hair at the beginning of this week! Being the eternal optimist that I am, my guess was 20k. As of today, Bitcoin is $23,400 up 22% on the week, and still 10 days to go till the end of the year. Will it breach $25k or correct down to $20k? Who knows? And frankly who cares! The buzz behind crypto grows every week, helping all of us to establish crypto as a new asset class and paving the way for more and more people to have access to something they have never had before. Nigeria is the perfect example of why BTC will succeed. The central bank has blocked access to international bank remittances in local currency (Naira). Many Nigerians sending money through these inter...

W hilst we try and make sense of the new normal, it is clear that crypto has triumphed in recent months, and a quick retrospective of 2020, so far, suggests that it is an asset class passed the point of critical mass. The use of cash in retail settings has strictly declined; both as the majority of UK vendors had to shut up shop, and of course for hygiene reasons. There is a growing broad seated public distrust of traditional financial infrastructure, aided by the seeming unbridled printing of money by all major economies, and dwindling base rates. The world, it seems, is seeking a new ecosystem. Blockchain technologies have been feted as a magic fix for industries as diverse as banking, gambling, logistics, healthcare and agriculture. Performance, year to date, suggests that crypto evangelists are on to a good thing. The FTSE 100, at the time of writing, is down 18%. By contrast, the blue-chip cryptos are enjoying phenomenal growth: Ethereum is up 196%, Bitcoin is up 52% and Litecoin ...

Sometimes, weeks can go by in the crypto world without as much as a ripple. This week wasn’t one of them. Today, in my first ever report, I’ll be taking a look back at the last couple of weeks in crypto. And let me just start by saying, “I told you so.” Since November 1st, the crypto market has broken that all-important US$14,000 level for Bitcoin. Bitcoin has truly boomed, peaking at $18,000. That’s 28% up in just two weeks. And Bitcoin’s not the only one feeling the heat. ETH is up 22%, and the total market capitalisation has jumped $100bn – or 25%. For Dacxi, the week’s biggest story was Litecoin. As part of our Blue Chip Bundle, I was a little concerned that it was under-performing, and slipping down the rankings. Turns out I needn’t have worried. This month, Litecoin’s up a massive 50%, and has re-staked its claim as the world’s 5th largest crypto. It just goes to show, Dacxi’s pioneering portfolio approach to crypto really is the smartest investment strategy. So that was the we...

If you talk about the crypto-assets world, you normally have to talk about Bitcoin. It’s two thirds of the market buy value. To the world, Bitcoin is crypto. Many exchanges talk only of Bitcoin. Their marketing says, ‘Buy Bitcoin here’, ignoring the fact that they also list many other cryptos. So many people proudly tell me, ‘Yes I own Bitcoin!’ I ask, ‘Is that all the crypto you own?’ They normally look at me quizzically and reply ‘Yes.’ So, I say ‘Bad luck’. They frown. Buying just Bitcoin simply shows you are ignorant of crypto OR, most likely, have been badly advised. Invest to Build Wealth versus Gambling. Today there are 6,527 listed crypto-assets on exchanges around the world. Bitcoin is just one. People who buy just Bitcoin probably know nothing about the market and lack confidence. They buy the ‘big boy’ Bitcoin and hope for the best. They are NOT investing in crypto to build wealth. They are gambling, as surely as if they were buying a lottery ticket. Recent British governmen...

The 2018 crypto bear market has been severe. While it might not seem like it today, we believe the next crypto boom cycle has already begun. And there is no reason why the next growth wave won’t eventually be an order of magnitude larger than the crypto boom that surprised the world in late 2017. Our view is that purchasing crypto assets now gives the retail buyer an opportunity to generate unprecedented returns by participating in the early stages of a technological and economic revolution. One of the advantages of being able to purchase crypto assets in 2018 is that because the market is so new, one can sensibly adopt a low time preference strategy and simply apply patience. The market itself will do the heavy lifting. Should you be the type of person prepared to take on the risk that is buying in early stage disruptive technology, then the current volatility of the market should be welcomed. Even a small allocation of one’s potential portfolio towards a basket of carefully selected ...