Showing posts with label blockchain. Show all posts
Showing posts with label blockchain. Show all posts

Tuesday, December 04, 2018

What will happen to bitcoin in ten years?

What will happen to bitcoin in ten years?

What will happen to bitcoin in ten years?

It has been almost ten years since bitcoin appeared-the first block was generated on January 3, 2009, and the first transaction took place on January 12. Despite the fantastic UPS and downs, which bitcoin has experienced during this decade, it still remains the most famous and popular cryptocurrency with a market capitalization of more than $112 billion, occupying the first place in all ratings.

Will bitcoin be able to hold a leading position in ten years? Most of the crypto-enthusiasts are sure that it will be so.

However, there are skeptics whose arguments look convincing. So, Nigel green, founder and CEO of consulting company deVere Group, believes that the next ten years are unlikely to be a time of triumph of bitcoin.

It is quite obvious that bitcoin has changed our view of money forever. However, tectonic shifts in the global economy associated with both bitcoin and digital assets in General have not yet occurred. Nevertheless, it is already clear: neither governments, nor financial regulators, nor wall street, nor the banking sector as a whole can afford to ignore the crypto-currency industry.

But, being the cause and the basis of the upcoming revolutionary changes, bitcoin is likely to lose its leading position sooner or later.

One explanation is very simple — competition.

"I believe that the dominance of bitcoin will decrease dramatically in the second decade [of its existence], — said Nigel green. — This is due to the massive development of the industry: more and more different digital assets will be launched in both the private and public sector. This will increase competition and reduce bitcoin's market share."

In his opinion, the total market capitalization of digital assets over the next ten years will grow by 5000% and will amount to $20 trillion.

The main competitors of bitcoin will be Ethereum and Ripple (XRP), suggests Nigel green.

"I think that XRP will become one of the main digital assets, which will lead to a reduction in the market share of bitcoin in the next few years due to its obvious focus on integration with banks and other financial institutions," he says.

Another contender for the first place is ether: Ethereum blockchain is more often than other solutions used by developers of decentralized applications, and crypto currency as a means of payment is used by almost all ICO projects.

In our opinion, not everything is so simple. The authoritative American economist, Professor of Economics at new York University, Nouriel Rubini, for an unknown reason, so disliked Ethereum and its creators that he once even said that "75% of applications [based on the Ethereum blockchain] are crypto-kittens, fraudulent Ponzi schemes and casino games". Of course, this is a strong exaggeration. But the fact that the Ethereum network now has serious problems with scaling, almost no one denies, including Vitalik Buterin. So the future of ether largely depends on how the development team will be able to cope with them.

The situation with Ripple is even more controversial. Despite the fact that banks have been actively testing the Ripple solution for a long time, which allows to reduce the speed of cross-border transfers from a few days to a few minutes, and three weeks ago the company announced the commercial launch of xRapid, Ripple's technological successes are not always positively correlated with the cost of the XRP token. Add continuing until the SEC USA reflections on the theme: "to Count or not tokens XRP securities?". In addition, (someone will think this is a conspiracy version) is not necessarily in the banking sector happy to perceive the success of Ripple-otherwise we would see a widespread refusal to use the interbank system of information transfer and making payments SWIFT, the logic of which has not changed dramatically since the 70 — ies of the last century.

Why isn't this happening? And who can definitely say that somewhere in the bowels of wall street or the R3 consortium is not currently developing a technology like xRapid? The banking community is known to love not only money, but also (perhaps even more) the impact on the economy and the power that money guarantees.

In short, the probability that bitcoin will give way to the palm in one way or another, in our opinion, is very high. But who will take his place? Even with the current problems of Ethereum and Ripple, it could be them. Equally, the first place can take stablecoin issued by the us Federal reserve Or other Central Bank-why not? Or Alcon that maybe haven't even created a private company, anything is possible.

But hardly anyone knows the exact answer. However, bitcoin will surely celebrate its twenty-year anniversary.

Bitcoin's 'death spiral'

Bitcoin's 'death spiral'

Bitcoin's 'death spiral'

The fall of Bitcoin below the cost of production may delay investors and miners in the "spiral of death", according to Finance Professor Atulia sarin. A teacher of the Department of Finance of the University of Santa Clara is sure that the cost of cryptocurrency will fall to zero, ruining everyone who invest in this market.

The main reason for the fall is the lack of the concept of traditional value in Bitcoin, unlike any other asset, the digital currency is a set of numbers distributed among users ' computers.

Oil, gold, shares of enterprises, any other financial and banking instruments have a clearly defined value and value. If, for any reason, the cost of produced or produced goods is higher than the current rate – this will not lead to a drop in their value, even with a complete stop of production.

Cryptocurrency can not exist without mining, as it supports transactions and ensures the security of the network. If this process is stopped – Bitcoin will cease to exist, so miners are drawn into the spiral of death – the process of mining to the complete ruin of the business.

Proof of the decline of the mining industry is the fall in the complexity of the pow mining algorithm, which automatically adapts to the current load. After another recalculation, it collapsed by 15% – the second largest drop in the history of the crypto currency. The previous decline occurred in 2011, when the network was just beginning its development.

According to the observations of Atulia sarin Bitcoin miners independently drive themselves into the spiral of death:
• Selling futures to hedge the cost to ensure the sale of mined Bitcoin in the future
* Giving away almost free old models of ASIC equipment
Judging by the hashrate schedule, which indirectly indicates the number of operating mining facilities, the death spiral "killed" about 50% of the capacity of mining mines.

Atulia sarin advises not to wait for the arrival of institutional investors-none of them will invest in "technology", which can not really be estimated. Therefore, the market will be at the mercy of speculators, who can "drop" the rate of cryptocurrencies to zero values for the sake of profit by trading with a shoulder.

Tuesday, November 27, 2018

Fear, hate and opportunity: how crypto traders experience the current drop?

Fear, hate and opportunity: how crypto traders experience the current drop?

Fear, hate and opportunity: how crypto traders experience the current drop?

In 2018, there was no more unprofitable week for the crypto market than the previous one. On Sunday, November 25, the bitcoin exchange rate updated its 12-month low, dropping to $3838 and losing more than 26% in a week. Bitcoin was followed by other coins: ether dropped to $115, losing its place in the market. The second most capitalized coin was ripple, which is trading at $0.37. And the total capitalization of the crypto market for the week decreased by $ 57 billion. In this situation, many market players panic, while others found it possible to earn money. DeCenter learned what traders and large investors are doing during the current drop, as well as what the forecast of leading analysts is.

For the second week in a row, the cryptocurrency market is in a state of collapse.

Today, for the first time since the start of this bear market, I've seen people capitulate, admit defeat, ridiculing the community and technology and promising never to touch cryptocurrencies again. Even the bravest are quiet today...
Confirmed his words and other participants of the crypto world, who have lost impressive investments over the past week. So, according to the news portal one of the users of the English-language anonymous web forum 4chan got rid of all his crypto-investments and urged others to do the same: "This is the end, I sold everything. I'm free. I got out of this fucking scum hell... it was fun at First, but now it's more like a bad joke. I bought bitcoin for $15,000. No one can calmly watch his money evaporate right in front of his eyes. You all know it's going to be $ 3,000, right?... Let's stop pretending that the market will be something other than a bearish trend until 2020."

The massive sale of digital assets by traders also affected long-term bitcoin holders who invested in the first cryptocurrency in early 2017. This is evidenced by the data of the cryptocurrency trading company Genesis. The head of the company, Michael Moreau, notes that investors who purchased bitcoin at the beginning of last year for the first time began to sell their assets approaching their base value when buying. So, investors who in the first quarter of 2017 bought bitcoin for $ 900 - $1300, saw its explosive growth, which at the peak noted a historical maximum of $19,783. However, the current market situation does not give them hope that something will change in the near future.

In an interview with American Forbes, the crypto trader and digital currency investor known as Altcoin Therow (Altcoin Thoreau) also noted that there are no signs that the bear market is coming to an end: "the Price indicates that the trend was going down after 2017, when cryptocurrencies were at their peak. Despite the fact that the current state of the market is very different from the last parabolic pattern of bitcoin, which we saw in 2013, we can safely say that the trend reversal will take some more time. The last bear market lasted more than 600 days, and the current one, at the time of this writing, is only 344 days."

This is evidenced by the well-known crypto-analyst and founder Willie Wu, who believes that the real bottom of bitcoin is only ahead, and the end of the bear market will not come before the second quarter of 2019: "the Latest data obtained from our blockchain and macro - market indicators are still relevant. Changed indicator NVTS, which broke its support, which is a signal to sell. All our blockchain indicators indicate a bearish trend. NVT, NVTS, MVRV, BNM, NVM. Of course, they are experimental, but they still gave very accurate forecasts, even when traditional stock indicators said otherwise. While some catalyst will not affect the change in trend, we will see a bear market until mid-2019".

According to Wu, before the end of the bearish trend, bitcoin will either capitulate or trade in a sideways trend. As for the altcoins, the market players will pump them. At the same time, most of the profits from trading altcoins will be directed to bitcoin, which by that time will reach its bottom and will be ready to start an uptrend, which will last until the next decline in the reward for the block in 2020.

At what level to wait for the bottom?
The head of the American Civic startups and well-known counselor in the crypto industry Winnie Lingam gives a conservative estimate for the stock market. Like many other players, the expert does not think that bitcoin will break the level of $6000 until the end of 2018. According to the analysis of crypto-analyst Murad Mahmudov, bitcoin is in the state of a long-term descending triangle.

So, if the current market trend continues, the first cryptocurrency will break the bottom, going below $ 3000 until the end of 2018.

The lower limit at $ 3000 is not beyond the probability provided that the pattern of the descending triangle reaches the end.
The possible level of support for bitcoin in $3000 says the chief analyst of the social trading platform eToro Mati Greenspan: "we can not say for sure. Now bitcoin has broken the key psychological level of $ 5000, which means that the next logical level of support, which we will see on the charts, will be $3000. However, this is not necessary, and if there is a reversal now, it will definitely be a signal to the bullish trend."

Specialist in technical analysis from the company Cracked the Market Yani Sedins also sees the lower limit of the exchange rate of bitcoin at $3500, after which the market will begin to rehabilitate himself: "it is possible that a rebound will occur in the neighborhood of $3500 and return rate of up to $5,000. Of course, now it does not sound like a significant change, given the current drop in prices, but the return of $3,500 to $5,000 — it's almost 50% payback in a few days of work."

Traditionally, bitcoin will be followed by other cryptocurrencies. So, over the past week, most cryptocurrencies, with the exception of stablecoin, including ether, bitcoin cash, litecoin and ripple, lost from 10% to 40% of the previous value.

It is noteworthy that the data kollebaniya not very concerned institutional investors. It says the head of Department on work with digital assets VanECK gábor Gurbax. In an interview with the American Forbes Gurbax said that large investors are not afraid of the exchange rate of bitcoin to $3000, however, as in $10,000. They are more interested in infrastructure and its growth rates, which make this sector very attractive for investment: "Large financial institutions focus more on the proper structure of the market than on short-term price fluctuations. How to calculate the value of a digital asset? How to ensure their safe storage? Will they have access to crypto-ETFs with the correct market structure and how to protect their investments? For the most part, large financial institutions do not care if bitcoin finishes 2019 at around $3000 or $10,000. I see that the market structure is improving every day and is becoming more like a commodity market or stock market."

At the same time, over the past two weeks, the interest of large investors in bitcoin futures on trading platforms owned by CME and CBOE has increased dramatically. Futures allow you to play against bitcoin, making a profit from the fall of the cryptocurrency market. According to Bloomberg, on Monday, November 19, the total number of open positions on bitcoin futures rose to 22,266 — a historic high.

The current drop is the time for new opportunities
It is obvious that not all market players see only losses in the current situation. As noted by Mati Greenspan, despite the current collapse, the digital asset market has not lost its attractiveness for some investors:

This is definitely a demand market!
Now the most interesting for investors are bitcoin and ripple. This is evidenced by the data of eToro, according to which, the clients of the trading platform increased their deposits in these coins.

Information about advertising in Twitter and privacy
@Etoro's customers took advantage of the bitcoin price collapse to replenish their stocks. The red circle marks a small but obvious increase in assets, since November 14.
Moreover, Greenspan believes that now panic and weak players leave the market: "Many crypto traders are happy to continue to walk, even despite such low prices. I suppose that large financial institutions also find the current prices extremely attractive for the purchase of cryptocurrencies."

A similar opinion was shared by the founder of Super Margin Armen Gevorgyan during a panel discussion at the international blockchain conference Crypto Event RIW. The entrepreneur believes that institutional investors are now investing in digital assets, but do it gradually and in small parts.

Monday, November 26, 2018

Sex with a beautiful girl?

Sex with a beautiful girl?

Sex with a beautiful girl?

Dream or realityThe most popular query in the search engineSex with a beautiful girl is better than sex with an ugly oneWhat's different?

 probably start with a differenceIt may seem ironic to youbut there is a differenceand it is very significant.

Beautiful girl will wait for you any stepsattentionactionsAnd while playingwill just enjoy the timeleaving all the important things on you.

And an ugly woman will take you in her hands and she will dictate the rules that many people like itUgly girl will be a storm in the sexand beautifuleasy style.

(arguments are thoroughI think that someone will support me)

But despite this facteveryone is looking for sex with a beautiful womanWhyBecause men like to feel like earnerslike kingsAfter allmany people dream about a beautiful girlbut only he managed to get her.

But only true connoisseurs of sex know that it is better not to mess with beautiful girlsThereforethey are often aloneEveryone thinks that a lady who is that isthereforenot suitable and not met.

Sex with a beautiful girl-realityreality is achievablejust requests a little different than not beautiful.

There is a questionif I sex stormI get uglyFriendsare you beautiful or not?

Saturday, October 27, 2018

The gray mass of the ICO projects: PR-a course and no revolution

The gray mass of the ICO projects

The gray mass of the ICO projects: PR-a course and no revolution

If you are not the first time you hear about ICO-projects, then you will understand exactly what will be discussed in the future. How often are ICO projects that are ready to change our usual world, arranging a technological revolution? Unfortunately, this does not happen often, and not because of the presence of serious technological developments in ICO projects, but rather because of simple speculation over the value of the startup.

ICO projects

Without a doubt, blockchain is a useful development that is already creating a fundamentally new society of the future. Technology is needed right now, and it proves its value. It is universal and applicable in many areas. But it is important to know that the blockchain itself is not a "cure for all diseases".

With the development of the market and the emergence of new ICO projects, competition is growing, and every startup wants to be what is called "the next big thing"abroad. Nevertheless, in a ridiculously large number of cases, developers do not chase an achievable and tangible goal, but pursue a spirit of innovation, trying to apply the blockchain system to everything, even in cases where it looks frankly ridiculous. We will not jump to conclusions, but if such ideas can help our society in the future, then either the market is too niche for them, or the "revolutionary" system of brave businessmen is inapplicable to the current realities and is doomed to failure.

There are a huge number of such ICO projects. Therefore, this article describes only some of the" revolutionaries " of the blockchain industry, whose mission is real, but not practical. Each of them in its own way pushes the idea of changing the world for the better in a variety of areas, but not all of these areas need to be applied to them blockchain technologies. In order to avoid conflicts with the creators of the presented ICO projects, their names were hidden. Perhaps some projects readers will still be able to learn.

Opens our ICO-project list, positioning itself as a global platform for entertainment, combining streaming concerts and performances, social network and its own cryptocurrency. Although the plans of this ICO project stretch very far, now its main goal is the industry of Korean pop idols. Users will be able to book tickets for their concerts, pay for their appearance in various talk shows and advertisements, buy merch and participate in crowdfunding campaigns of artists. Popular words like "full transparency"are included. The only question in this case-why to the already huge industry to fasten the fifth wheel in the form of blockchain? Perhaps the technology needs to produce a "revolution" in the industry of Korean pop idols associated with their forgery. As a result, the capitalization of the project reached $90,000,000.

Continuing the theme of social networks with" unnecessary " technologies of decentralization, we come to the next secret candidate. This ICO project is a service, the cornerstone of which is selfies. The more photos the user publishes, the more cryptocurrency he gets. The earned money can then be spent on various offers from brands cooperating with the company. All anything, but it is doubtful that social networks with one root feature can compete in the market where in this sphere there are already giants, especially even those giants are not insured against possible collapse as we could already see on the example of Vine and Musically. The idea of gamification and promotion in such networks is certainly interesting, but it can be achieved without the blockchain factor, and the oversaturation of the market with such applications does not guarantee success. It should also be noted that the introduction of the blockchain itself is quite expensive: both technologically and financially. In the first case, the problem of scalability and system protection immediately appears. In the second case, there is a difficulty in increasing the payback time of investments.

From social networks on the blockchain, we are moving to another, similar "revolutionary" ICO-project. In it, developers aim to revolutionize the blockchain, simplifying it specifically for the generation of Millennials with their own crypto-wallet and social network, which helps to learn about things happening in the world of crypto-trading. Of course, this seems like a good goal, but only until you look up the dictionary meaning of the word "Millennial". Most of the representatives of this generation are more than twenty or even thirty years old. Almost all of these people have long decided what they need from life, and if they are passionate about the world of blockchain, they already understand many aspects of it and they do not need to find a special service for their generation (which in itself is strange). What is the point of making a special "revolutionary" blockchain for Millennials — remains a big question. There is no doubt only one thing — this project looks like Steve Buscemi in the outfit of a cool student from "Studio 30".

The next ICO project is exclusively for women. Undoubtedly, from the point of view of marketing, it attracts attention with loud statements like "raising awareness about cryptocurrencies among women", but such PR tricks can hardly really increase women's interest in this cryptocurrency. And goals like "become the number one altcoin for women in business" every day seem to cryptocurrency more and more ghostly. The moral here is that it is necessary to concentrate on real women's problems, and not try to fight the mythical "inequality" in the crypto-sphere.

And since we have smoothly switched to attempts to insert the blockchain into real world problems, we will consider a new ICO project that calls for the fight against global warming. Its essence lies in the use of native cryptocurrency for certain contributions in support of different species of animals that are threatened with extinction as a result of climate change. There is only one catch: why do you need your own cryptocurrency? The fight against global warming is a very difficult process that requires cooperation at all levels and in all countries, and it can not be solved by creating a special cryptocurrency. It is strange to believe that this particular cryptocurrency will be in demand by conservationists when there are such kings of crypto-transactions as Ethereum or Dash. That is why the ideas of this "revolutionary", although they carry an important meaning, are unlikely to be truly implemented.

We are moving from climate change to the fight against the shadow economy in prisons. One project offers a revolutionary method of dealing with it-partial legalization and use of blockchain. Of course, it will be very good if prisoners can spend more and legally establish a transparent system of exchange of things and goods in prisons. However, it does not take into account the factor that speculation in prisons can not be completely stopped: it is doubtful that the ICO project provides for the sale of drugs, files and sharpening in its system, but such things will always be in demand in prisons, and partial legalization of trade will not help the situation. Surprisingly, the project currently has a capitalization of about $ 1,250,000.

All considered projects confirm the words said at the beginning of the article that everyone wants to become the "big thing". The immaturity of the blockchain market means that it will try to apply to a variety of areas, even if they do not get along in principle or will not get along in the current realities. It is a disease of every nascent industry. Suffice it to recall the market "Dot Com", when the online store was screwed to any kind of goods without a clear demand for its purchase via the Internet. The Internet has become a part of us in just 20 years.

At the same time, there are really promising projects, and such diversity is by no means a bad thing — every ten shitcoins make one really good project Shine with new colors.

The main thing is to follow the development of the ICO project product, not its marketing, and then it will be easier to find your "unicorn" of the crypto-industry.