If you wanted to follow Cryptos as a single entity the most popular metric is the “coin market cap”. This shows the market capitalisation of the cryptocurrency ecosystem as a whole and through this you can follow the changing value of the entire space.
However, we believe it is also important to view the Crypto market in terms of sectors. These sectors are determined by functionality and use case. We have constructed two indices to track different and distinct sectors; the Currency Index and the Platform Index.
The following chart shows the most recent performance of these indices:
The DCM Currency Index
The constituents of this index are the Crypto’s we believe have the qualities of wealth storage and transactional use. The four currencies chosen for our Currency Index are Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Monero (XMR).
We believe these currencies give a legitimate representation of Digital Currencies and are the most popular choice when investing in this asset class. Bitcoin is analogous to gold or the US dollar as a vehicle for storing wealth. These four currencies are also the most popular for transacting, whether buying goods and services over the internet or as gateway coins for purchasing other assets in the crypto space.
The DCM Platform Index
This index is made up of those cryptos that perform the function of providing blockchain platforms as a framework for building decentralised applications using “smart contracts”.
This has been a pretty fluid sector over the last 12 months but we settled on the consistent front runners : Ethereum (ETH), NEO (NEO), EOS (EOS) and Cardano (ADA). Each platform offers points of difference and at this point in time the market seems to assess them as the future leaders.
The indices were created on the 3rd of October 2017 with a start value of 1000. The Currency Index peaked at 4433 on the 20th of December 2018 and the Platform Index reached 4645 on the 14th of January 2018.
The time difference between the 2 highs shows the importance of monitoring these sector indices. During this period sentiment turned against Crypto currencies as investors rushed to the numerous coin offerings (ICO’s) which were all supported on the blockchain platforms.
Another example of this divergence was the rush into the currencies particularly Bitcoin over the June and July period of 2018. During this period it was rumoured that large Global investors had finally allocated a portion of their investment portfolios to Bitcoin and Bitcoin Cash.
Although these 2 indices can be highly correlated, they can have some serious divergence and if you are a trader or portfolio investor the information is vital.
What is a Bitcoin Gift Card?
A Bitcoin Gift Card is the perfect way for the newcomer to get their first Bitcoin. It comes with a paper wallet and simple instructions to set up a software wallet so that you can transact with Bitcoin over the internet. Bitcoin Gift Cards are available in AU$25, $50, $100 and $500 denominations.
Who should buy a Bitcoin Gift Card?
Anyone new to Bitcoin will find no easier way to get their first Bitcoin.
They can be gifted by an existing cryptocurrency enthusiast, or bought by anyone wanting to get involved for the first time themselves.
How can I pay for my Bitcoin Gift Card?
You can pay with either cryptocurrency through our coinpayments.net payment gateway, or you can use Australian Dollars through our POLI Pay facility.
Can I use a Bitcoin Gift Card to top up an existing software wallet?
Yes. When you receive your additional Bitcoin Gift Card, you can simply import the "Secret" wallet identifier from your Bitcoin Gift Card into your existing software wallet. This will move your Bitcoin from your Bitcoin Gift Card into your existing software wallet.
What does my Bitcoin Gift Card include?
Your Bitcoin Deposit, wallet and key generation and network transfer.
How long does it take to receive my Bitcoin Gift Card?
Going through to checkout takes about 2 minutes. You won't find an easier process anywhere. Once you've placed your order, it can take between 10 and 60 minutes to receive your Bitcoin Gift Card depending on the speed of the Bitcoin network at time of purchase.
We have partnered with GiftPay, an aggregator of online deliverable eGift Cards in Australia.
Through our agreement with GiftPay, you are able to purchase a Flexi eGift Card from us, redeemable at a broad range of retailers in Australia.
Watch the Video to see how it works
What is a Flexi eGift Card?
A Flexi eGift Card is an electronic gift card that lets you choose where you'd like to shop! In the past if you were given a gift card for a particular shop but didn't want to buy anything from that shop, you were stuck. But now with a Flexi eGift Card, you get to choose at which shop you spend your gift.
What's more, you may be able to split your Flexi eGift Card and spend it at different shops! For example, if you have a $30 Flexi eGift Card, you could choose to split it up into a $20 Myer eGift Card and a $10 iTunes eGift Card.
Where can I spend it?
You can spend your eGift Card at a broad range of Australian retailers. For a full list of our retailers, click here. (page showing full list of retailer logos)
How do I redeem it?
Your Flexi eGift Card will be emailed to you. Click the link in the email to open your Flexi eGift Card.
Then convert your Flexi eGift Card into any combination of gift cards or vouchers up to the total available balance. How you redeem your chosen gift card depends on the card or voucher chosen.
What Bills can I pay?
You can pay any bill that has the BPAY logo and Biller Code including credit cards.
Are there any payment limits?
Yes. You can pay a maximum of $1000 per transaction based on regulatory limits. You can however break up a bill into multiple $1000 tranches and enter the same biller and customer reference code.
How does the transaction work?
When you enter the amount you wish to pay, the BPAY biller code and your bill’s customer reference number, you will click through to our checkout.
At checkout, you will be asked to leave your details, which enables us to satisfy our legal requirements under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017. This sounds ominous, but takes about 2 minutes.
When you proceed to payment, you will be shown the digital currency amount payable and the wallet address to send your digital currency to.
Once you have sent your digital currency to our payment gateway wallet, you will receive an email notifying you that your payment has been received. We then convert your digital currency to AUD and pay your BPAY bill on your behalf.
Are there any fees?
Yes. At checkout you will notice our 3% fee added to your bill amount. This is to help us manage the currency risk of a volatile digital currency market when converting to AUD for us to pay your bill. We use a third party payment gateway to enable the digital currency transaction. Our considerations when choosing a gateway was security, pricing (spread) and speed. You’ll note when at checkout (before proceeding to payment) that the price you receive on your digital currency is very competitive. Other digital currency BPAY facilitators charge up to 6% per transaction on the currency alone, which in our view is akin to highway robbery.
[Free PDF Download] 5 Costly Mistakes When Transacting in Crypto Cheat Sheet
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