View: 396
Want create site? Find Free WordPress Themes and plugins.

According to Winklevoss Twins, the price of Bitcoin has the possibility to rise up to 4,000%, which will allow the leading cryptocurrency (Bitcoin) to achieve the market cap of $4 trillion. Tyler and Cameron Winklevoss became the very first verified “Bitcoin billionaires” as they were among those investors who first invested in Bitcoin when it had the worth of only $120.

Bitcoin has been auspiciously compared to gold by the Winklevoss twins. They somehow anticipated that the digital asset (Bitcoin) will one day surpass the yellow metal. Also, Cameron Winklevoss said that the recent slump in the price of bitcoin didn’t cause him to dither from his sanguine prediction.

At Milken Institute’s MENA Summit, Winklevoss twins said that they still believe bitcoin solely can disrupt gold. “It’s even better than gold,” they said. Scarcity makes gold and Bitcoin is fixed in supply which makes it more durable, more portable and a lot better than scarce.

 

He said that based on this evaluation, the market capitalization of Bitcoin could end up similar to that of gold, which has the worth of $7 trillion at this time. He anticipated that the price of Bitcoin would set above $320,000 and its market cap would hit at least $4 trillion, and this has made the recent correction of Bitcoin, a striking buying opportunity.

He added, that today’s $100 billion market cap might have been almost $200 billion last week, and that’s what makes it a buying opportunity. The reason that it has got the capital appreciation of 30-40 times is that if we look closely at today’s gold market, it’s got a worth of $7 trillion. Many people have started to see that, and now they distinguish the store of value assets. So, it is still an underappreciated asset despite the fact, that its price has seen ups and downs in the last few weeks.

The co-founder of Winklevoss Capital notified that it’s obvious, this transfer of assets won’t take place immediately, however it could come to an end within the next 10 or 20 years. Tyler Winklevoss agreed with Cameron’s anticipation that “Bitcoin would disrupt gold” and added, that he believes that fiat currency will be eventually replaced by the cryptocurrencies.

He added that cryptocurrencies are not that significant for human-to-human transactions, however in machines-to-machines market economic value, they’ll have to plug into protocols such as Ethereum and Bitcoin. Later he elucidated that, given the innumerable applications of this technology, a lot of critical analyses from Bitcoin sceptics are specious. He concluded by saying, that the criticism of Bitcoin is a “failure of the imagination.”

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Type Comments Here

Your email address will not be published.

four × 3 =

Share Your Toughts

View: 382

What Are Some Sharp Strategies to Assemble Gold Bullion Using Bitcoin

Want create site? Find Free WordPress Themes and plugins.

Bitcoin Mining

Bitcoin first came into circulation in 2009 – almost 8 years ago. During that short period, the Bitcoin has grown into an extremely strong currency. Currently, it is trading at values higher than gold in the market.

Those who have experience of the market would know that it’s a great time to accumulate digital currency and gold bullion on daily basis.

However, people who lack the experience of the market are going to find it extremely difficult. If you are new to the currency and looking for a way to garner gold bullion, here are some methods that you can use.

Start with Finding a Company That Sells Bullion:

finding a company that sells gold bullion is no big deal. Just do a simple Google search and several gold-bullion-selling companies will pop-up in search results. However, finding one that offers an incentive program to its clients can be a tough nut to crack.

While on the hunt, you should be searching for a company that offers much more than just selling gold. It should be renowned for selling quality products, selling billions in small grammage (1gm, 2.5gm, etc.).

Gold that is being sold must be 24 karat gold; which is the highest quality for gold products.

The advantage of an incentive program is that the company offers special commissions to the clients who refer people to the company.

Get A Bitcoin Wallet:

A Bitcoin wallet address is equivalent to having a bank account for cash. The difference is that it is only used to store bitcoins and make bitcoin transactions with other users.

There are several Bitcoin wallets available to users. Copay, Xapo, Green Address are few to name.

While choosing a wallet, look for a company that offers an offline vault to protect those coins. This is because storing Bitcoin is never safe and the wallet is always vulnerable to hackers trying to steal your digital currency. On the other hand, offline storage keeps your coins fully protected.

Don’t forget to read our guide on what are the safest Bitcoin wallets, and also how to secure a Bitcoin wallet.

Start Mining:

There are two ways of bitcoin mining – online mining and offline mining. Online mining is pretty simple as all you have to do is to join a bitcoin mining farm. However, there’s a danger that comes with theses farms: scammers.

The scammers falsely claim to have a mining form and invite users to join it. The sole purpose of scammers is to steal your coins. So be cautious while choosing an online form.

In offline mining, the user is required to buy a bitcoin miner which is a computer hardware. The computer is set up at home and the user is required to connect to the internet to start mining.

The coins mined through this technique are then automatically sent to his online bitcoin wallet.

Want to start mining? Learn how to set up a Bitcoin miner.

Lastly – Purchase the Gold Bullion:

Now that you have a permanent & easiest way to get bitcoins, you are ready to buy gold bullion. However, there is a specific way that needs to be followed to make the purchase.

The buyer needs to link his Bitcoin wallet to visa card which is offered by his bitcoin wallet company. The card is then used to purchase the bullion.

Good luck with your purchase.

Did you find apk for android? You can find new Free Android Games and apps.
View: 374

Why Trump had to ban Venezuelan cryptocurrency Petro in the US?

Want create site? Find Free WordPress Themes and plugins.

An executive order has been issued by the U.S. President Donald Trump to ban the US Citizens from buying Petro cryptocurrency. Petro is first state-issued cryptocurrency developed by the government of Venezuela.

Further more, Trump has issued strict orders to the Treasury Secretary, Steven Mnuchin, to implement this ban. Earlier this year, the Treasury Department also announced sanctions on four Venezuelan government officials.

buying petro

Why was Petro Launched?

The cryptocurrency Petro was launched in February 2018, which could be purchased through US dollars and euros. At the time of its launch, it was claimed to be backed by the oil and mineral reserves of the Venezuelan government. According to some critics, if investors once started buying Petro, it could easily support the official currency of Venezuela, which is steadily falling down mainly due to US-imposed financial sanctions.

Reason for Trump’s Ban on Petro

As mentioned above, the ban was an attempt to put pressure on the Venezuelan President Nicolas Maduro and his undue policies. As a result, the efforts of Maduro’s government to boost their foreign currency reserves have been greatly affected.

US Treasury Secretary, Steven Mnuchin stated that President Maduro destroyed the Venezuelan economy which gave rise to a destructive humanitarian crisis in Venezuela. Instead of improving the present condition of their citizens, the Venezuelan government is trying to bypass the US sanctions through its Petro digital currency. In short, the Venezuelan President is trying to loot the resources of his people.

Effect of Trump’s ban on Petro

According to many critics, it is probably a quiet big blow for the Venezuelan government. Since most of the cryptocurrencies and their present market value is based upon the US dollar, so when we take the role of US out of that scene, the interest and potential rate for any of the cryptocurrency is also automatically reduced.

At a stage when Petro was struggled to create some serious interest among foreign governments, the ban by Trump will be extremely fatal. Earlier this year, Poland had also shown an interest in trading food and medicine with the Venezuelan government for the Petro, which was denied due to the sanctions imposed by the US president.

Let us know your point of view about all this in the comments below!

Did you find apk for android? You can find new Free Android Games and apps.
View: 387

A Blockchain Based Real Estate Platform Goes Live In The US

Want create site? Find Free WordPress Themes and plugins.

ShelterZoom, an Ethereum blockchain-based online platform for the real estate, has gone live in the U.S., with worldwide markets to go live in the first quarter of 2018.

New York City-based Cyrus Charter, the first customer on the platform, is in the midst of an initial test for the ShelterZoom stage that started in November. What’s more, 10 clients have started a beta test. The organization recently announced its first WordPress real estate theme affiliate, Estalik, and its first Australian organization, Arena Property Agents.

ShelterZoom is intended to streamline the way toward making and accepting real estate sales offers, decreasing printed material and enhancing the transparency of purchasing and selling. The framework has been worked to the Real Estate Standards Organization principles.

The ShelterZoom online incorporates a dashboard, the Offer NOW gadget, and a portable application which is accessible on Google Play and iTunes, empowering buyers and specialists to instantly submit offers from online real estate listings with only a couple of clicks or taps.

Sign Ups Are Being Accepted:

The site is now allowing sign-ups for the Offer NOW gadget, which can be coordinated with any affiliate site including real estate listings with a couple of lines of code, at no cost to the sign-ups before Jan. 31, 2018.

ShelterZoom charges $8 for each offer submission following the free beta timeframe finishing by Feb. 28, 2018.

“ShelterZoom is well positioned to bring the whole real estate industry onto it,” said Chao Cheng-Shorland, prime supporter, and executive. The gadgets can be received by any real estate site. Cheng-Shorland drives the multi-national team alongside fellow benefactor and chief Amir Allen Alishahi.

“Standardized, straightforward, and secure offers are the eventual fate of the business,” Cheng-Shorland included.

Versatile Dashboard:

Clients can track, accept, reject or counter offers progressively, while purchasers and operators can track offer statuses on their ShelterZoom dashboards. All parties to an exchange can get push or text notifications all through the procedure and chat with each other.

“We will see quick adoption of blockchain technology by commercial centers, associations, and whole enterprises,” said Sergey Fradkov, ShelterZoom technical advisor. “Blockchain and related digital money usage will empower new plans of action and streamline collaborations between members. They will likewise empower new members to rapidly build up themselves in the business fragments and create numerous new business opportunities.”

Canada, Australia, Europe, and countries in the Middle East are set to go live on the platform in the first quarter of 2018.

Story credits: ccn.com

Image: Google images

Did you find apk for android? You can find new Free Android Games and apps.
View: 383

The cryptocurrency market is growing

Want create site? Find Free WordPress Themes and plugins.

Today, Bitcoin is number one in the cryptocurrencies’ race. But, the recent data shows that crypto market’s share may drop significantly coming year.

There is rising consensus:

More than 900 cryptocurrencies inventions, introduce the transparent and crystal-clear payments process. Few had the work on cryptocurrency border market and on its evolving, special thanks to Abeer ElBahrawy who explores that crypto-market is getting more complex and mature. This market’s growth also bears a notable similarity to an evolution of networks in different areas. By providing insight into digital market’s way, might have changed in future.

Big challenge:

The most important challenge of the cryptocurrencies is to avoid illegal copying. For that purpose, digital currency uses two mechanisms to avoid.

Public record:

The system put out each transaction in the public record. And, store the copies of these transactions online. This allows its users to compare updated accordingly. These prevent the double spending.

Protection of the ledger:

In the second mechanism, the ledger is protected cryptographically. Each update gathers the new coming transactions and adds to the existing ledger. Accordingly, the earlier ledger is frozen and encrypted.

Block:  

This ledger new version creates the block, which holds the copies of the earlier ledger. You have the option to copy the encrypted data to generate a number that has the ability to check the reliability of the block. But its hard to generate that number. This feature makes the system more secure by providing an easy check of the blocks but tremendously tough to copy.

Crypto-analyses:

ElBahrawy do an analysis of the 1500 digital currencies appeared in 2013 and now more than 600 are alive. According to him, the digital market is going in the phase of exponential growth. In addition, its current cost is $54billion out of $60 trillion, the total amount of money of the world.

Distribution power law:

While, when the crypto market is rising speedily. ElBahrawy and his team show the stable aspect of it. Like, if all the digital currencies are alive same as in 2013 as has the market share distribution. This distribution has the ability to reproduce the standard model of evolution. It is a process where currencies’ rates are figured out and die away.

In addition, This law is occurring in almost all the sectors like the same law has to describe the religion in the world, languages of different areas, birth rate and death rate as well. ElBahrawy says, “The fit with the data shows that there is no detectable population-level consensus on what is the ‘best’ currency or that different currency are advantageous for different uses.”

Except for this external significant manipulation of this market, there will be noteworthy multiplicity in crypto-market for foreseeable future.

 

Did you find apk for android? You can find new Free Android Games and apps.
View: 523

Four New Crypto Funds Are Being Launched by Bitcoin Investment Trust Creator

Want create site? Find Free WordPress Themes and plugins.

On Tuesday, “Grayscale Investments” (company behind the Bitcoin Investment Trust) announced that four new investment products had been opened by it, through which investors will be provided with exposure to cryptocurrencies in a more acquainted wrapper.

Four New Crypto-Funds

So, let’s enlighten you about the new funds!

After Bitcoin Investment Trust, four latest crypto-funds have been also launched which are; Litecoin Investment Trust, Ripple Investment Trust, Ethereum Investment Trust, and Bitcoin Cash Investment Trust, as each of them will hold positions in single cryptocurrency.

bitcoin investment trust

Managing director of Grayscale Investments, Michael Sonnenshein stated;

“We are thrilled to expand Grayscale’s offerings to meet rising investor demand. Our team is committed to bridging the gap between the global investment community and the digital currency asset class. We remain focused on product creation and will continue to launch more single-asset and diversified products to provide exposure where investors are looking for it.”

Just like other products of Grayscale investments, new trusts like these will be offered in a private placement to the investors, who buy at least $10,000 worth of shares and succumb to a one-year conferring period. Ultimately, it’s expected that the trust sponsor will possibly seek to list these shares on OTC (over-the-counter) platform. If these shares are publicly-quoted, they’ll definitely have a lot more liquidity and through retail brokerage accounts they could be purchased.

Due to its heavy premium on the secondary market, it’s an anathema to many financial analysts, however, the Bitcoin Investment Trust has turned out to be very popular among buyers, and especially among those, who are worried to hold crypto-assets directly and want to gain exposure to the top-cryptocurrency through tax-fortunate retirement accounts.

Preceding to recent stock split of GBTC, it was a move that made the trust even more tempting to retail investors and left the trust among the most-purchased assets on investing app Stockpile, allowing investors to buy small shares of expensive stocks.

Grayscale Trust Offers Eight Investment Products

Overall, different eight cryptocurrency investment products are being offered by Grayscale, including;

  • Ethereum Classic Investment Trust
  • Zcash Investment Trust

Digital Large Cap Fund was launched by Grayscale last month, which is a cryptocurrency index fund, holding market cap-weighted positions in the top five cryptocurrencies. All of these cryptocurrencies are now available in separate funds, which means that when they’d be publicly-quoted, and investors could easily invest in the huge cap fund but, short any of the individual-assets on which they were bearish. Apart from GBTC, these products are available exclusively now, through private placement.

Did you find apk for android? You can find new Free Android Games and apps.