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2017 was a year for bitcoin like no other. The advanced cash not just recorded remarkable gains, it single-handedly introduced new asset class that is turning into the primary alternative to fiat in the modern era.

For all the euphoria of the previous year, the way ahead won’t be simple, strategists warn. With bitcoin costs achieving unfathomable levels, the dread of missing out is too strong to resist.

That was one of the key messages Wall Street expert and originator of DataTrek Nick Colas passed on a week ago when he contended that bitcoin would see wild fluctuations throughout the next year. In his estimation, bitcoin can possibly trade between $6,500 and $22,000 through the span of 2018. During the process, investors can expect a few “crashes” of around 40%.

“Main concern: Bitcoin can rally to $22,000 and still be sensibly priced, or plunge to $6,500 and still be accurately esteemed,” he told CNBC. “We expect to see bitcoin exchange at the two costs in 2018.”

Major Themes For 2018:

A few noteworthy subjects will impact bitcoin’s value direction this year, biggest among them being the regulatory scene representing cryptographic money. South Korea – seemingly a standout amongst the ideal locales for exchanging digital money – is actualizing new regulations aimed at curtailing speculation. The technique incorporates banning individuals from opening new crypto accounts and from trading secretly. Top policymakers in the country have additionally said they are not opposed to closing down crypto trades should the new regulations fail to deflect speculation.

Advancing regulations and vulnerability about the future have set extensive strain on the crypto market. In September, China issued a sweeping prohibition on crypto trades and ICOs, setting off a massive correction. Different countries are still feeling their way through the asset class, with the likes Kazakhstan and Russia calling for state-upheld digital forms of money.

In addition to control, the verbal confrontation over blockchain adaptability will keep on influencing financial investor sentiment. Contradiction over bitcoin’s current convention has prompted numerous coin splits, including the now popular bitcoin cash fork. A couple months later, bitcoin gold would likewise develop following disagreements over the mining procedure.

To sum it up, debates over bitcoin’s future are normally ideological as much as they are esteem based. The general view on Wall Street is that the advanced asset class, all in all, is essentially exaggerated, with many contending that bitcoin has no natural esteem and in this manner can’t be assessed. However others, similar to Tyler and Cameron Winklevoss and John McAfee, trust bitcoin can still grow many factors above its present level.

Story credit: ccn.com

Image: Google images

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How to launch a successful ICO

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What An ICO Truly Means???

How to luanch a successful ICO: Initial coin offers the newly emerged concept of crowdfunding in blockchain and cryptocurrency. Basically, it is an event, when a digital company releases its own cryptocurrency. The company usually release a number of crypto-tokens. As a result, users get their crypto token’s share and the company gets its fund to develop more products.

ICO Direct Marketing Guidance – Are ICO Campaigns Suitable For The Business???

For a business setup, it needs a proper homework and campaigns session also. Some business owners consider that ICO is an important tool for any startup. With advertisement process, it allows to raise your money and registering IPO with agencies.

Whereas, in the case of the digital world, ICO ideology is getting more achievements. There are few standards which play an important role to accomplish the actual requirements of a successful campaign. Here, the first requirement is to generate the value of the cryptocurrency for users.

ICO market depends upon two pillars such as authentication and transparency of a transaction or dealing. Due to this, owner of the project will not able to get an extra reward on contributors’ amount.

So, before conducting a crowd sale token campaign keeps authentication and transparency sessions to minimize the risk of detrimental.

Can I Conduct An ICO Campaign?

ICO has the ability to create a profitable campaign. ICO crypto-token can be easily integrated into any business model. This is the fundamental problem that a token comes under massive speculative pressure and end up with the level of heavy demand.

In the same way, your plan is to decentralize your token and increase the value of it, it’s a part of the business feel free to read on. On the other hand, there are much better ways such as plain old crowdfunding or VC funding.

What Should I Focus On Before Launching?

ICO campaign owner always has the teamwork with goals and potential. They make their effort to attain three answers to the question. As a result, they get the profitable campaign.

  1. Who is working on the campaign which includes market reputation, communication level, ICO direct marketing and definition of your product?
  2. Explain project’s goal clearly.
  3. And, what you have for the contributors in your product.

How To Pull The Team In ICO?

You’ll need an experienced and hard-working team during ICO campaign.  Avoid the hiring of unaware team members. A professional team with their face and portfolio on the social media platform, easily available to any potential contributor.

How To Communicate With The Audience?

Simply take a white paper. In addition, write down the technical aspects of the project, problems, and their solutions, targeted areas, a proper channel. Make it sure that your goals are well-defined and have real worth.


How To Protect The Investors’ Interests?

Offer the premiums like discounts to the early investors. For investors, interest introduces escrow wallet for the contribution. And, make it sure to the investors that investments are refunding in case of failure.

Most Important Factors Of ICO

A campaign depends on the two factors,

  1. Your timing
  2. Your communication

These two factors directly create strong effects on a campaign.

Goodluck!

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What Is the Difference Between Bitcoin and Litecoin?

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Bitcoin was launched in 2009 by a programmer called Satoshi Nakamoto. Bitcoin is world’s first cryptocurrency.  The code of Bitcoin is open source, which means it can be modified by anyone and freely used for other projects.

Since the launch of Bitcoin, numerous cryptocurrencies have been released with slight modifications in Bitcoin’s code, however, none has been able to dethrone Bitcoin from the top spot. One that comes the closest is Litecoin.

Litecoin was launched in 2011 with the objective of being the “silver” to Bitcoin’s ‘gold’. At the time of writing, Litecoin has the most noteworthy market value amongst other cryptocurrencies, only lagging behind the Bitcoin.

In this article, we put light on the essential differences between Bitcoin and Litecoin.

Major Differences Between Bitcoin and Litecoin:

  • The coin limit of bitcoin is 21 million while the Litecoin’s limit is 84 million.
  • The block reward of Bitcoin is halved every 210,000 blocks. On the other hand, Litecoin reward is halved every 840,000 blocks.
  • Initial reward: 50 BTC in Bitcoin, 50 LTC in Litecoin.
  • Mean block time: 10 minutes in Bitcoin, 2.5 minutes in Litecoin.
  • Difficulty target: 2016 blocks in Bitcoin, 2016 blocks in Litecoin.
  • Algorithm used: SHA-256 in Bitcoin, “Scrypt” in Litecoin.
  • Block explorer: “blockchain.info” for Bitcoin while “block-explorer.com” for Litecoin.
  • Creator: Satoshi Nakatomo (Bitcoin), and Charles Lee of Litecoin.
  • Bitcoin was created on January, 3rd, 2009 while the creation date of Litecoin is October 7th, 2011.
  • Market cap: $10,467,596,650.78 (Bitcoin) and $540,274,528.26 for Litecoin.

Mining Differences Between The Two Currencies:

Just like Bitcoin, Litecoin is also a cryptocurrency generated through a process called mining. However, mining for both the currencies is done in a different way. The major mining differences between Bitcoin and Litecoin are as follows:

  • A Litecoin block takes 2.5 minutes to generate while the same block in Bitcoin takes up to 10 minutes.
  • The algorithm used in Bitcoin is SHA-256, which helps accelerate calculations in parallel processing. Due to this characteristic, the race in ASIC technology has become extremely intense, which also results in the increased bitcoin difficulty levels. On the other hand, Litecoin uses the “Scrypt” algorithm. The calculations in this algorithm are much more serialized as compared to the calculations in SHA-256.
  • At the time of writing, the total hashing rate of Litecoin is just 95,642Terra Hashes per second, while the Bitcoin hashing is around 20,000 Mega Hashes per second.

Differences in Transaction:

The major difference between Bitcoin and Litecoin is the transaction time.

  • Bitcoin transaction confirmations are relatively slow, while Litecoin has the ability to handle a higher volume of transactions, thanks to its higher volume of blocks.
  • A downside of having a higher volume of blocks is that it increases the size of Litecoin’s Blockchain, which results in more orphaned blocks.
  • Faster Litecoin transactions mean reduced risk of double spending.
  • For two Litecoin confirmations, you will only need to sit tight for 5 minutes, while in Bitcoin, you are supposed to wait for 20 minutes for a similar number of confirmations.

A large number of people involved in Bitcoin often tout transaction and confirmation speed as moot points as the confirmations given by most merchants are zero for most purchases.

One thing to remember here is that all transactions are instant, it is just the network that takes the time to confirm it as it propagates.

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Jay Clayton Believes ‘All ICOs Are Not Fraudulent’

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According to the chairman of the US SEC (Securities and Exchange Commission), Jay Clayton, ‘all ICOs (Initial Coin Offerings) are not fraudulent’. These remarks were made by Clayton, on 5th April, during a speech at Princeton University. Clayton also added that stamping out fraud in the cryptocurrency market is perilous to protect customers. As well as, the improved regulatory analysis will essentially benefit the industry by removing fraudsters from it and con artists who give the whole place a bad name. Since there’ve been many ICO fraud cases before, the remarks of Clayton became viral.

Jay Clayton’s Remarks

Clayton said:

“Is the approach taken in Washington by the SEC adversely affecting distributed ledger technology in other areas? My hope is that it’s actually helping because this technology is being used for fraud… And to the extent that it’s being used for fraud, history shows that government comes down harshly on that technology later.”

He also added:

“If we don’t stop the fraudsters, there is a serious risk that the regulatory pendulum – the regulatory actions – will be so severe that they will restrict the capacity of this new security.”

Clayton signalled about SEC investigations, in February 2018, that his agency would be investigating cryptocurrencies and at that time, he said:

“I believe every ICO I’ve seen is a security.”

However, a few weeks later, ICOs were again targeted by the SEC as it issued dozens of subpoenas to the tech-companies related to cryptocurrencies, and counsellors to explore how ICOs are organized.

ICOs Ceased for Scam

Fraud charges were filed against the co-founders of Centra Tech, Robert Farkas and Sohrab Sharma on April 2, by the Securities and Exchange Commission. Centra tech co-founders were accused of raising $32 million by vending unregistered securities throughout the Centra ICO, as it was promoted by Floyd Mayweather (boxing champ) and DJ Khaled (record producer).

According to public documents, the SEC is now looking forward to two bitcoin exchange-traded funds for listing on the NYSE Arca, which is the first “all-electronic” exchange in the US. The name of these two-bitcoin exchange-traded funds are:

  • The ProShares Bitcoin ETF
  • The ProShares Short Bitcoin ETF

 

SEC to Allow Cryptocurrency ETFs

Cboe president, Chris Concannon advised the agency to permit crypto ETFs and soon after that, the SEC consideration of bitcoin ETFs showed up. In a letter, that was sent to the SEC, on23rd March, Concannon sacked criticism that virtual currencies are extremely volatile to be treated like other dependable commodities.

Concannon wrote in the letter:

“Because of its innovative features as a digital asset, bitcoin has gained wide acceptance as a secure means of exchange in the commercial marketplace and has generated significant interest among investors.”

Concannon also added that there is sufficient reliable price info from the bitcoin futures market on CME and Cboe Futures Exchange that must alleviate the regulatory uncertainties about its impenetrability as an asset-tool.

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Bitcoin Cash Payments Allowed for BitPay Merchants

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According to some experts and critics Bitcoin Cash may be considered as the best future money. To support this statement we have a news, in addition to Bitcoin, BitPay merchants have been allowed to accept a second cryptocurrency — and it is no other than the Bitcoin Cash. Bitpay has made an announcement on its official website that it’s now more easy for BitPay customers to become a part of the energetic community of Bitcoin Cash. A Bitpay merchant who accepts bitcoin cash can now consider himself a part of that community.

How it all started?

BitPay became active in 2011, while Bitcoin was still at its initial stage. No doubt Bitpay played a vital role in the transformation of the financial industry as a whole. It introduced the concept of faster and secure blockchain payments which were relatively less expensive globally.

The main purpose of founding BitPay was to make it easier for various businesses to deal in bitcoin payments. At the moment it is continuously expanding its network which has already become the largest bitcoin payment processing network in the world. Bitpay is currently providing its services to industry-leading merchants over six continents. It has generated a foolproof secure bitcoin payment plan which is used by thousands of bitcoin users on daily basis.

Bitcoin Cash – an Innovative step by BitPay

As mentioned above, BitPay merchants can now accept payments in Bitcoin Cash. No doubt it is an innovative step in case of Bitcoin Cash which has already been considered as the best future money. Bitcoin Cash will provide a rich opportunity to the BitPay merchants to receive payments from customers around the world. Due to the trust provided by the blockchain technology, there will be no risk of credit card frauds or chargebacks. the company said in a statement. It will also be more convenient in case of cheap transactions as the Bitcoin Cash costs only pennies or even less in some cases.

Future plans concerning Bitcoin Cash

BitPay is also planning to integrate Bitcoin Cash in order to save massive transaction fees in terms of batch payments. According to a company statement it also has the intentions to enable Bitcoin Cash settlements. With the help of these settlements merchants would be able to receive their payments in the form of cryptocurrency, no matter what kind of BitPay payment option they had been using already.

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Investors Are Worried After a Sudden Drop in Bitcoin Price

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After a series of ups and downs, bitcoin’s price went to its top. However, it plunged to less than half of that value later. The unexpected changes are now compared to the dot-com bubble and are highlighting the speculative nature of investing in cryptocurrency. Investors are worried due to bitcoin investment

The price of bitcoin fell below $10,000 for the first, on December 1. At one point, it fell below $9,300 on one exchange. The price later rose back to almost $12,000, however, the investors and economists are still not sure how long the price will stay there. It is also said that the recent skim was due to the fear of crackdowns in the cryptocurrency markets.

South Korea has suggested a ban on the trading of cryptocurrency, although no plans are settled yet. Also, same news has been reported about China.

Bitcoin is a decentralized digital currency, as it is the largest and well-popular digital currency, that is globally bought and sold in exchanges.

According to Timothy Lee (senior reporter at Ars Technica), it is not based on dollars. The value of bitcoin floats against other cryptocurrencies, in the same way the euro and dollar glide against each other. Users say that bitcoin has got a very effective system for authenticating transactions, as it is based on a revolutionary technology.

Bitcoin users also point out that the currency is not tied to government’s whims and according to them, it’s a good thing. Recently the price dropped, and that may not be a good thing for those investors who are trying to figure out what crash actually means for the cryptocurrency’s future.

Recently many cryptocurrencies have shown the same swipes. According to David Kotok (Cumberland Advisors chairman and chief investment officer), almost 20 years ago, the technology and the new internet stocks accomplished valuation of $7 trillion, just because of speculation. The prices of shares used to be very high and after they collapsed, investors got badly miffed. And apparently, the same thing is going to happen with these cryptocurrencies.

Same rise and fall in the price of bitcoin was seen by the investors in December.  After China announced that it was banning all the banks that were trading cryptocurrencies, bitcoin fell by 40 percent just within days after hitting a record price of almost $1,150.

There’ve been dramatic ups and downs in cryptocurrency’s price last year. Bitcoin had the value around $900 at the beginning of 2017, however, its value got tripled within few months. According to Kotok, cryptocurrencies are highly speculative and investing money in cryptocurrencies is a speculative thing to do.  There’s a chance that you may make a profit, but Kotok has seen many people who invested their money into bitcoin and now they’re having loads of trouble in getting their cash back when they try to sell it.

According to some analysts, the cryptocurrency is trying to find an impermanent price floor, but according to a CNBC report, Citigroup analysts think that the price of bitcoin would plunge again to half of its current value. According to Ars Technica’s Lee, it’s still going to be unpredictable. She thinks it’ll go more up and then it’ll crash again. So, no one knows how far down it’ll decline.

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