So far, in the month of September, we see these unimpressive numbers from BlazerCoin (BLAZR). Photo taken from CoinPaprika.Com
I can’t help but think that BlazerCoin just may be a diamond in the rough. And when I say “rough”, I do mean… ROUGH! Any logical “average Joe” investor would take one look at BlazerCoin (BLAZR) and say that not only is it a risky investment but more than likely a terrible investment. However, with that being said, what’s this attraction I feel towards BlazerCoin?
BlazerCoin is a Cool Name
First of all, you have to admit, BlazerCoin is a pretty cool name. It’s crypto name can be found under the code “BLAZR“, which is also pretty cool…right? But you’d have to be an idiot to throw money into a cryptocurrency simply because of its name, especially a marijuana-based crypto.
However, many people have won a ton of money on a simple horse-race, simply based on fate. Many, first-time bettors will pick a horse because they liked the name, no matter what the odds have been stacked against the horse, and won. Not just win — they win BIG!
Now horse-racing and the crypto market are two totally different things. I understand. I’m just saying “the sun shines on…”
… well, you know how the saying goes.
How Cheap is BlazerCoin?
It’s pretty darn cheap, however trying to purchase some BlazerCoin that’s seems pretty tricky. And by “tricky” I don’t mean a little “scammish”, no, I mean as in “not so easy”.
BlazerCoin is listed on two exchanges with a total of eight active markets.
As you can see in the photo above, BlazerCoin is at $0.00000039 (that’s freakin’ cheap). With $100 you can purchase 256,410,256.410256 BlazerCoins. If BlazerCoin would to ever hit $1 a token… well, you can do the math. Even if it hit 10 cents ( a measly dime) you’d still be sitting pretty.
The question is, “will BlazerCoin’s price rise when the legalization of marijuana in the United States is federalized?” When marijuana does become federally legal in the United States, whose to say that BlazerCoin will rise in price? Is there a chance that it would stay stagnant? It’s a risk not many are willing to take, would be my guess.
With that being said, I am a risk taker.
I tell myself, “Go For It!”
Why is BlazerCoin so Cheap?
My guess is because of its unpopularity. It’s not well known among those who are in to cryptocurrency on a regular, normal basis. Only those who most likely know the crypto market ‘backwards-and-forwards’. Marijuana based cryptocurrencies such as BlazerCoin, SativaCoin and even PotCoin, in most cases, are not only frowned upon but they are considered very HIGH RISK cryptocurrencies.
Another question that’s brought up concerning marijuana cryptos, is what are their “best-use-case“? What’s stopping a cryptocurrency carrier from purchasing at a cannabis dispensary using a more popular crypto such as XRP, Stellar or even BitCoin? Instead of using a marijuana based cryptocurrency, why not use a more commonly known and trusted cryptocurrency?
Although these are valid questions, I can’t fully support BlazerCoin (or any other marijuana based cryptocurrency, for that matter) until I receive information of what is the “best-use-case” when using a cryptocurrency that’s marijuana based. Until then, I approach with extreme caution.
BlazerCoin was created for the recreational use of marijuana for the cannabis industry and was launched in April of 2017 as a proof-of-work cryptocurrency. I am having a difficult time finding the founder(s) of BlazerCoin on my own just by using a search engine, so my research is about to go even deeper into BlazerCoin.
My Future with BlazerCoin
According to the Beezlebub Favorite List, BlazerCoin comes in last. Hopefully that might change someday. photo taken from CoinPaprika.Com
I do hope sincerely that BlazerCoin will be able to be purchased through the online brokerage firm, eTrade one day… but I’m not going to hold my breath.
How to Purchase BlazerCoin
I’m not sure, but I’m thinking that I read somewhere that BlazerCoin gives you the option of downloading “their wallet” onto your computer and then you’ll be able to store your BlazerCoin there. I’m still looking into this.
Is the BlazerWallet supposedly similar to that of PotWallet.Com? I have a PotWallet account and I do store all my PotCoin there. I find it easy to understand and navigate throughout my PotWallet account.
As I have said, there’s some sort of an attraction that I have towards BlazerCoin and I’m getting “good vibes” from it when I’m researching it and I will continue to do so. I do find it troubling that I cannot find the founder/creator of BlazerCoin.
photo taken from CoinPaprika.Com
BlazerCoin has gone up in price while writing this blog. BlazerCoin is now at $0.000007553 and has also regained its #1 spot on the Beelzebub Favorite List.