The top cryptocurrencies for the week of July 12th
As bitcoin hovers around the $6,000-mark, bearish traders are happy to remind you that the cryptocurrency has lost nearly 75% of its value since peaking last December. While that figure might be alarming on the surface, it’s worth considering the big picture. Namely, that the blockchain asset was worth just $2,400 a year ago today.
Of course, your own level of optimism likely depends on your current holdings and entry point. Just keep in mind that it’s still profitable to mine bitcoin in most countries at these levels, which ought to make it easy to find the floor even if there are no guarantees.
At the same time, bitcoin has practical applications that you can take advantage of today. If you’re looking to play poker, bitcoin is an obvious choice. In fact, there’s more than just BTC poker happening at Americas Cardroom. We currently accept more than 60 different cryptocurrency options right now.
Even though our cash games and tournaments are denominated in dollars, we make it easy to deposit, convert, and withdraw funds using your currencies of choice. Here are the top five methods used at ACR this past week:
You shouldn’t be surprised to see both bitcoin and bitcoin cash make our top five. While bitcoin might be the industry standard, its 1 MB block size limit is restricting, especially when compared to the 8 MB block size of bitcoin cash. In other words, bitcoin cash is technically faster and cheaper to use. Nonetheless it’s nice to have a choice.
Whether you prefer bitcoin, litecoin, ether, bitcoin cash, or other forms of payment, it’s simple to start playing cryptocurrency poker at ACR. Yet simplicity is just the beginning. If you haven’t yet funded your poker account, you can claim a 200% bonus up to $1,000 on your first deposit using a crypto as part of our three-part welcome package. Visit here now for all the details.
Want to learn about all the payment methods we accept? Need help making your cryptocurrency deposit? Visit here for everything you need to know.