12 July 2017, Switzerland introduces a new “Bitcoin Watch.”
Bernecker Uhrenwerke associates the digital currency Bitcoin with unique wristwatches, categorized by the new design. This effort is just to utilize the bitcoin community.
Everyone is blown away by the success of bitcoin and other cryptocurrencies. With expansions of numerous transparent and daily new records, they also surprise their major opponents. Bitcoin fans have the opportunity to demonstrate their ethics on daily basis. Now, there is the first Bitcoin watch is available to prove the support for digital currency with elegant design.
“Bitcoin watch” offers in two collections of 4 models each. Moreover, with Swiss company Ronda’s Quartz movement, or, in luxury variety, with 39 well-known Swiss watch maker’s Eterna. Its price is between 260 Euro(quartz) and 3700 Euro (automatic).
This new watch is launch on the inventive platform “Kickstarter.” Whereas, the price of Quartz collection in the restricted publication of 500 pcs at Kickstarter is up to 229 euro and “automatic” collection’s price in limited edition is 2290 euro.
News credit: www.coindesk.com
28 June 2017, well-known investor Michael Novogratz states that 10% of his money is in bitcoin and Ether platform. His prediction about the digital currencies value is up to $5 trillion in five years. It is depending on the adoption stamina of an industry.
Now, we are at the departure position because Nasdaq got $5.4 trillion in 1999 and poured it into space. pay your taxes on your own because nobody pays such taxes in that space. This system is establishing because of the revolutionary
Meanwhile, companies get furious to obtain this value. For that purpose, companies need to develop their business and start working on new project which has the ability to satisfy the regulators. But, at this time bitcoin is not in the position to correct street by the black market as well as hackers.
A few days ago, digital currency took reputational collapse because of the cyber-attack.
With 140% gained during a year, Bitcoin is the prime cryptocurrency with $2547 trading value. Whereas, ether’s value is $240 this year.
Accordingly, market cap data, ether’s market cap is $28,589,831,650 while bitcoin reaches to $41,973,033,307.
Novogratz enjoying the profit gained from these digital currencies. He wants to invest more than 10% of his money in the digital platform.
With the current air of challenges and throwbacks in the world of digital currency, criticism by the wall street mains have made a further dip for these struggling crypto-babies.
Big names including Bill Gates, have showed supported to blockchains and cryptocurrencies, but also claims that he can ‘short’ Bitcoin if he could.
With such thin air revolving around, there has been a great investors rage and uncertainty following it. There has been a massive drop down of $20 billion in a past few hours. Even the top big names of these digital currencies which were better thought to be stabilized in past years have dropped down to 2 to 5 percent range.
Following these volatilities, the optimists are still advising the holders to sit tight and hang-up a little more. Despite the volatile natures, the cryptocurrencies price analysis has managed to grip a few more investors.
A former chief economic advisor to the current U.S president, Donald Trump believes in the future and sustainability of these digital currencies but doesn’t really count faith in Bitcoin, unfortunately.
The top cryptocurrencies including, Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Cardano, IOTA, and EOS have a number of the setback to float back up to the levels.
Since May 6, there has been a continuous and deadly decline even for the big names of this not-so-newly born cryptocurrencies, still babies though. Holding the cathedra, Bitcoin has caused nearly a domino effect on the rest of the currencies after its massive drop-down.
Being extremely volatile and totally dependent on its supply and demand, Bitcoin managed to hold its horses just below $9000. Following the downfall, its relief and a come-back can be expected anytime soon. BTC will only sustain stability and strength when reached above $10,000, which is a very much expected shot by the wall street mains.
But if the currency breaks again below levels $8,900, there will be a 50-day SMA drop following.
Being the second popular in the line, Ethereum has managed to reach the purchasing levels gaining the attention of the market. To maintain sustainability and a reduced risk it should prevail its levels to $745 sooner. Currently resting at $693, if the levels don’t succeed then the digital currency may face another retest of 20-day EMA. Considering a close breakout of $838 previously, there is a great possibility to hit the levels by $900 too.
The Bitcoin Cash has managed to break out of $1,600 which is remarkable transfer after being a low performer for quite a time. It has managed to intact half of its position at $1,400 after the trigger position of the ascending network. If the ascending continues breaking the May 06 high of $1849, it is expected to cross levels by $2000 soon.
But in case of the breakdowns, a 20-day EMA below the positions of $1,400 will indicate weakness.
The Ripple has managed to hold the support and investors in between the range of $0.76-$0.93777. the fluctuations have been resting on the lower ranges lately, still, it is too early for the recommendations and endorsements here. A downside downfall for up to $0.58223 would make a pair pattern target.
The trading will be considered to be hitting between the range showing the same volatility.
Stellar has been seen holding resistance at $0.48. if it succeeds its held up for the 20-day EMA, it is expected to reach the levels of $0.47766719 again. but a break during 20-day EMA will decline the levels to $0.334.
If the market is unable to pull back the currency and drag it out from its range, it is expected to enter the bounce back range for some days.
Litecoin has been pushed back into the range by the bulls after a $150 dip. After a 20-day descending, hitting below the range it needs to show resistance to rally levels of $168 to sustain strength. It’s expecting a high of $184.794.
If fails to resist the decline it can hit below the levels of $141.026. due to the absence of any high probability trade setup, any recommendation cannot be advised yet.
Cardano is, unfortunately, falling below the trendlines. It has broken below the levels of 0.00003301. if the levels continue with the current downfall, not reaching levels breaking from 0.00003445, it will keep sliding down the range lower.
The lower levels should stop the hit by 0.000029 at maximum.
Resting at a weak position, the stops should be raised by half, 0.000032 and maintain the dip at 0.000029.
After a 20-day ascending support, IOTA rested strong and firm at $2.55 levels. Levels have declined by up to $2.2117 but a high of $2.9 is very much foreseen if held resistance.
If the 20-day EMA IOTA/USD pair breaks down, there will be lost major support by $1.63.
For a past few days, EOS has been hitting the range between $16 and $19.67. if it attempts to break above the levels of $20, the wall street will manage to give it another push-up. They are in no rush typically here. But if the pair EOS/USD breaks below $16, it will sink to the levels of $14.495.
But until these consolidations rest, there is nothing much to be suggested about.
Bitcoin is a digital currency, world’s famous cryptocurrency. Who creates Bitcoin? Its answer is not that much easy. while the identity of the creature of bitcoin is still a mystery. In last of 2008, someone going from the username Satoshi Nakamoto, release a white paper to cryptography list. The 9-page paper was entitled” Bitcoin, peer-to-peer electronic cash system”. That day and today, we do not know the creature, is a personality or a team work???
With pseudonym creature, bitcoin asserts itself. In the meantime, Bitcoin creates a strong impact on users of the cryptocurrencies’ world.
Now, here I am going to share bitcoin price history, its origin and how its start work, and rises as a star in cryptocurrency world.
Basically, working on bitcoin concept was started in 2007. If we consider, that Satoshi Nakamoto is a legend. He starts working on this concept to provide fair and free transaction system. While he was on record as living in Japan.
August 15, 2008:
The allege originator of Bitcoin concept denies the connection with Satoshi Nakamoto. Even so, Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application.
A great silence…………………………
August 18, 2008:
18 August 2008, anonymousspeeches.com register a domain, named bitcoin. A site, allows users to join and do transactions. This was the birth of Bitcoin in the real world.
October 31, 2008:
Nakamoto publishes the design white paper in cryptography list. Whereas, the paper includes that the bitcoin currency is going to solve the issue of currency being copied.
January 3, 2009:
The first block was mined on January 3, 2009. It was,” Block 0, the genesis block, is established at 18:15:05 GMT.
January 9, 2009:
Version 0.1 released. It includes the generation system which creates 21Million bitcoins through 2040.
January 12, 2009:
Version 0.1 of bitcoin released on this date. Compiled
with Microsoft visual studio for windows. In which, bitcoin generation system will generate 21Million bitcoin through the year 2040. In addition, at the end of this year, on 16 December 2009, 0.2 version of bitcoin released. Whereas, 0.3 version released on July 7, 2010.
0.3.13 version of bitcoin released on September 29, 2010.
A Brief Look at Bitcoin History – First Bitcoin Transaction:
First bitcoin transaction takes place between Satoshi and Hal Finney on 12 January 2009.
Born of currency exchange:
First bitcoin market established on 6 February 2010 by doing dollar as Bitcoin currency exchange.
10,000 BTC spent on pizza:
Florida programmer, Laszlo Hanyecz pay 10,000 bitcoins for pizza. That was the real-life transaction takes place in cryptography world.
On September 18, 2010, bitcoin pool mining was introduced. Furthermore, several users work together and enjoy the benefit together.
No doubt, the most important year of the bitcoin. This year, Bitcoin wrote its history. In 2013, its market capitalization reaches $1bn. China bans this technology first. But today, 80% of bitcoin transactions are processed in China and become the largest trader of Bitcoin in the world.
In 2014, first and most progressive treatment to bitcoin was held by HMRC. Who classified bitcoin as the asset or private money.
The biggest change comes from banks and industries. Most of the banks trying to change their infrastructure. Whereas, industry executives talking about Bitcoin and some of them do transactions.
Therefore, it is too early to tell you about the story of Bitcoin in 2016. It reaches heights and sometimes faces loses.
Future Prediction of Bitcoin:
As bitcoin reaches the price of gold, and compete with many more cryptocurrencies. Which makes its strength in the financial market. Looking at the Bitcoin value history, future can be easily predicted. And my prediction is that coming era is bitcoin era.