Archive for the ‘Bitcoin (cryptos)’ Category

Every now and then, I have a little mercy on my wife, and I bail her out from cooking dinner with an impromptu trip to a restaurant (preferably with a buffet). In this case, it was an Eat n Park. As we ate our 5 or so helpings from the unlimited soup and salad bar, we could not help overhearing the conversation from the adjacent booth.

OK. It wasn’t much of a conversation. Maybe it was a date? All we can say for sure is that it was an uninterested female, listening to a very animated guy (about 30 years old) talk non-stop about…..a video game. The amount of detail, the characters, the strategy, how much each character costs, the amount of time devoted, and on…we got quite the dose of eSports and gaming. Not to be gossipers, but my wife and I filled in a few blanks for each other as we took turns making trips to the buffet. I mean, we were kinda curious as to just how important this game was, to warrant him NOT having a car, as the game took so much of his time and money. Yeah, his admission.

That meal really hit home just how obsessed, er, devoted gamers can be. This guy eats, sleeps, and breathes his video game. Though surely he is not alone. In fact, he mentioned many ‘friends’ whom he had never met. One guy he really admired and envied, acquired a certain coveted character! Wow! As for the girl, she was just giving dismissive ‘mmm’ responses to everything…. But it begs the question: How many more are like him?

The Rising Trend of eSports and Gaming

For better or worse, things change. Trends come and go. Fads rise and fall.

Before continuing, I should disclose that I have not personally played a video game in probably decades. I’ve been meaning to plug in that dusty Nintendo I have stored away, and play “Ice Hockey, ” but something always is higher on the to-do list. (It really is called “Ice Hockey” btw)

That said, I’m definitely aware that others do play video games… a lot…and the Rising Trend of eSports and Gaming is real. I’ve walked past my now college age cousin playing with a headset, conversing with players in-game. I’ve heard the complaints from my sister about my nephew playing too much. I know that there are gamers of various stripes.

Contrast this air conditioned ‘play time’ with that of a story from the Great Depression. My nanu (grandfather) has many stories of how they played outside as youth. They even reused construction scraps to create variations of games we know today. Or my mother who recalls how all the neighborhood kids would be outside playing baseball, hockey, sled riding, etc. My own youth was spent outside on the swing, then climbing trees (until the neighbor cut them down), playing hockey, bicycling, swimming, and so on. After all, staying in the house would be considered a form of strict punishment!

But now, many kids prefer to stay in the house playing video games….electronic sports. Pigskin is being swapped for pixels. Vulcanized rubber for a plastic remote. Helmet for a headset.

The trend is clear. ESports and gaming are on the rise.

Where else can this be measured?

Pro Sports Attendance

There has been a topic recently about Major League Baseball instituting rule changes (like introducing the designated hitter in the National League) to increase offense. Why? Attendance has been getting hammered, down 6.6% from a year ago! They believe that replacing a pitcher’s at-bat with an actual hitter will lead to more offense, which will keep better interest for fans. They overlook that the American League, which already has the designated hitter rule, has most of the lowest drawing teams by attendance.

Is this an anomaly? Apparently not. In 2015, the National Football League’s Super Bowl had a TV viewership of over 114 million. In 2018, the viewership was down to 103 million.

After the ‘Stand for the Anthem’ controversy last season, several NFL stadiums saw huge swaths of empty seats. This was not really apparent in attendance as the tickets were pre sold (it will be interesting to see what happens this upcoming season)… but the eye test was unmistakable.

Staples Center | Los Angeles, CA | League of Legends Final | 2013

Staples Center | Los Angeles, CA | League of Legends Final | 2013

The National Hockey League’s San Jose Sharks play hockey at the SAP Centre. That venue hosted the INTEL Extreme Masters gaming event and drew 12,500 fans over two days. It’s true that the Sharks draw way more than that in a single game, but the INTEL event was viewed by 4 million people from their homes! That is ALMOST as many viewers as the NHL’s Stanley Cup Final draws! So it can be said that regular season viewership of the NHL is already surpassed by eSports and gaming viewership. Yes, read that again.

More ESports photos here.

An article on growing eSports viewership here.

Sure there and many variables with these stats, like weather for baseball attendance, and live streaming for hockey viewership. The point is, rule changes will do nothing in the face of a demographic shift.

 

This entire write up is not to say pro sports is dead, but it is changing. It must not be ignored that peak professional sports may be really close, if not already here. There is major competition in the rising eSports and gaming area, and we can see that attendance and viewers of conventional pro sports is becoming a concern.

It’s not all that crazy though. None of the major sports leagues even existed 150 years ago. When compared to thousands of years of human history, what is 150 years, but a phase. And the era of ever inflationary mega contracts for the athletes is only a few decades old. There is no reason why there can’t be salary deflation. Especially if attendance and viewership continues to trend down. The owners are running a business, and none of them want to lose money.

See below this IR4 chat about the Past, Present, and Future of Video Games. IR4 stands for the 4th Industrial Revolution. Check out their IR4 Patreon page to keep up with future updates.  (note: there are a few expletives used during the eSports and gaming talk)

 

Maybe you still are not convinced that eSports and gaming are a big deal… Then you should probably go to Eat n Park for the soup and salad bar. It’s only 8$ for a limited time… 11$ if you get it with a meal.

If you are already convinced that eSports and gaming are just beginning to take off in popularity, then here are some ways to prosper.

 

Capitalize on the Rise of eSports and Gaming

We are called to be good stewards of all that God provides us. So if you do take advantage of these opportunities in the Rise of eSports and gaming, be charitable with your wealth.

Keep in mind, it may not be the best time to buy some of these companies, as some of them are overbought or heading into resistance. However, a pullback can prove to be an opportunity of a lifetime. This is to alert you to long term plays for eSports and gaming, not for specific short term trades.

 

The recently launched HUYA Inc. (HUYA) is a leading game live streaming platform in China.

huya

 

Versus Systems Inc (VRSSF) has launched the Winfinite platform, which gives developers and publishers the ability to give in-game and real-world items as prizes. 

 

Activision Blizzard (ATVI) owns the Overwatch League! This is like the National Football League of gaming… and the owner of the New England Patriots and New York Mets are already owners of teams in the Overwatch League. More on Activision Blizzard here.

 

Tencent Holdings Ltd. (TCEHY) is a Chinese company which has the biggest stake in gaming in the whole world. It has owns most of or a piece of almost everything in the eSports and gaming industry. It even owns a piece of Activation Blizzard. 

 

Electronic Arts (EA) is the owner of the popular EA Sports subsidiary. They have been churning out games for several decades and have made popular the ‘Madden’ line of football games. 

 

Mentioned in the IR4 podcast was Twitch. Twitch was actually acquired by Amazon (AMZN). Through Amazon Web Services they can not be overlooked, as they have become a cloud computing giant, and Amazon is a mainstream vehicle to get involved with ESports. 

 

Fijian e-Gaming Tournament Group is partnering with AsuraCoin, currently in ICO, to be the token for payments to their tournament winners.

 

Unikrn has the UnicoinGold (UKG) betting token… and if people bet on conventional sports, then of course betting on eSports and gaming is to follow in big numbers. 

 

Skincoin (SKIN) allows gamers a medium-of-exchange to customize characters and buy upgrades…. and obviously these in-game items have a monetary value attached, as we heard from the guy at Eat n Park. 

 

Decentraland (MANA) is a virtual reality platform of the Ethereum blockchain. Virtual Reality. 

 

Enjin (ENJ) is a cryptocurrency for virtual goods. 

 

GameCredits (GAME) has a decentralized platform for developers to reach gamers, and also is trying to become the sole payment system for internet gaming. Imagine having an application on Google Play or Apple…then cut out the middle man Google and Apple…that is what is meant by a decentralized platform for developers.

 

There are a lot of eSports and gaming options above, so you have your work cut out for you in determining which are the right investments for you. Also, many of these are competing against each other, so in some cases, a company or coin can lose to another while the overall industry takes off.

I will link a few more links here of some pages I ran across while compiling this eSports and gaming article… this one touches on WAX, CHIMAERA (not the metal band), DreamTeam, First Blood, HunterCoin, Skrilla, and BitQuest. And here is a HUGE LIST of ESports and gaming coins. Also, Steve Bannon was recently pointed out as having in a stake in Bitcoin and other cryptocurrencies, and in that article it is mentioned how he was involved with the Gaming Industry before he was involved in President Trump’s candidacy. So this industry has been around, and is still growing.

Above are a few plays you can look at if you want to take advantage of the rise of eSports and gaming. Is there something you think needs to be listed here? Please sound off below. Thanks for spending your time here. I know our time is limited and I appreciate that you chose this page on which to spend it.

Travis

JMJ – UIOGD

Former chief strategist to President Trump, Stephen Bannon, is betting on Bitcoin. Much like Donald Trump threw a wrench into the status quo of politics, Bitcoin and other cryptocurrencies can throw a wrench into how conventional banking and entire industries function.

In a New York Times article by Jeremy W. Peters and Nathaniel Popper, Bannon admits that he has a “good stake” in Bitcoin and has had private meetings with hedge fund managers, crypto investors, and those behind ICOs (Initial Coin Offerings).

bannon betting on bitcoinSome key words and quotes throughout the article would win some friends in the cryptocurrency realm…

Steve Bannon said “It’s disruptive populism…It takes control back from central authorities. It’s revolutionary.”

“It was pretty obvious to me that unless you got somehow control over your currency, all these political movements were going to be beholden to who controlled the currency,”

He acknowledged that central banks “debase your currency” and make citizens “slaves to debt.” And recycled the famous  “Control of the currency…is control of everything.”

Betting on Bitcoin is Betting on Free Speech

As the article mentions, many who identify as alt-right or nationalist have been restricted by PayPal and Apple Pay. Others have seen their sites smeared and their applications blocked from being listed on Google Play.

These groups have relied on Bitcoin and other Cryptocurrencies to get funding and donations.

One social media platform Gab.ai (of which I have invested a small amount), is even in the process of launching an SEC compliant ICO.

The article also mentions coins being created tied to national wealth, like a marble based coin by Italy. Bannon’s connection with Brock Pierce (who has a highly questionable past) who was also involved with EOS at a point, and their involvement in the rapidly growing world of gaming.

When speaking of those who are behind the cryptocurrencies and blockchain projects, the article ends with a quote, “These guys are visionaries.”

 

The entire market capitalization of all cryptocurrencies combined is still less than 300 billion! It is not too late to get in. You can follow some of my trades on Trading ViewYou can check out RealLifeTrading to learn how to trade cryptos yourself. You can follow this site for occasional info. Or you can follow others who are even more involved than I. Feel free to reach out for any questions…

Travis

JMJ – UIOGD

A Blessed Resurrection to you!

As a relatively early adopter of bitcoin and cryptocurrencies, I was the first to introduce quite a few people to the world changing technology of blockchain and associated projects. One of those people was Jerremy Newsome of the IR4 podcast and Real Life Trading. The IR4 podcast had me on last week and we discussed some bitcoin predictions, governmental policies, and ICO’s among other things. Hope you find it valuable, enjoy!

links relevant to the podcast….

Start Engine – Equity Crowdfunding Investment Opportunities

Gab ICO – Initial Coin Offering for GAB Free Speech Social Network

Start Engine ICO Summit – Network and learn about the upcoming ICOs set to disrupt the industry

CLOUD Act – A privacy infringing expansion of data collection powers

$10,000 Bitcoin – Our article from December 2016, calling for $10,000 Bitcoin, back when the price was only around $1,000.

IR4 – It’s the Fourth Industrial Revolution Podcast – You can find information surrounding Global consciousnesses, the way we interact, conduct business, and overall live as human beings. Check it out to heat about everything from entrepreneurshipAIblockchain techIoTeco intelligencenano techcryptocurrenciesfundraisingwearable techquantum computing, 3D printing and all other things changing the world. See their Patreon page HERE.

Real Life Trading – Is Jerremy’s trading group. You can get some free content there, as well as have the opportunity to join the trading groups (morning and/or afternoon sessions), get the Weekly Options Newsletter, or delve into the Cryptocurrency Trading course.

-Travis

JMJ – UIOGD

Cryptocurrencies are here to stay, and I believe that blockchain technology will change the world and eventually find in a place in our everyday lives, BUT there are scams and frauds that must be navigated around on the way up.

There is good and evil in this world, and evil will always try to perpetuate some scheme in an attempt to satiate their vices. Today it is this, tomorrow it is that. This article intends to point out a few of the mines in the mine field, the reader can decide which are evil or not.

For more context, in December 2016, this site foretold bitcoin reaching $10,000. Eventually, it will reach another all-time high, much higher than that. (the only disclaimer is if another coin dethrones bitcoin dominance in the meantime) So this article is from the mind of a long term crypto bull, but in the short term, I’d really like to see this current batch of mines cleared out before really getting bullish again.

Crytopcurrency Mines

Ponzi schemes like Bitconnect, Issuance of Tether, Possible Futures manipulation, Initial Coin Offering scams, Pump-and-Dumps, and Mt.Gox Trustee distribution are a few main issues right now.

If you are more of a visual learner, you gotta see this video. It’s about 40 mins…called Decentralized Deception.

Actually, everyone reading could benefit from the video. You will hear clips from the perpetrators themselves. You will also see the unfortunate conclusion for some people of the scams, like one man who was streaming from his new home, aka his car.


Ponzi schemes like Bitconnect are featured in the video and don’t require much more comment here. Watch the video and do your due diligence.

TETHER (USDT)

Tether (USDT) and the bots trading the Tether prints appear quite nefarious. On Tether’s own site, they have a 6 months old “Proof of Funds” report. Well 6 months ago there were only about 400 million Tethers. Today there are 2.2 BILLION. Now you may say “Travis, how much of an impact can 2 billion have on a market that is 400 billion?”

Fair question. But if you know about trading, you know it is a story of sentiment. And if you know that bitcoin dominance is down to around 40%, then you know that bitcoin’s market cap is around 153 billion.

Please stay with me… For the unaudited Tether to go from 400 million in September 2017 to 2.2 billion in March 2018, there would have to be an average of 10 million Tether added per day!! Now, Tethers are not printed daily, so these Tethers would be added more infrequently and in bigger batches, like 50 million or 100 million at a time. So with that, lets look at what a 100 million dollar dump would look like to a normal stock.

Let’s take Pepsico as an example of the issue here. Pepsico (PEP:NAS) trades at about $112.75 per share right now, and has a market cap of 160 billion, close to bitcoin’s 153 million. If one were to buy 100 million dollars worth of Pepsi stock, they would buy 886,917 shares. Pepsi’s average daily volume is around 4,000,000 shares. So a strategically placed order of 886,917 shares (more than 20% of daily volume) would have a considerable impact on the price of Pepsi and the sentiment around it. This is quite simple, and in reality, the application of this trade would be more complex, but I just want to show you what impact Tether has on bitcoin, if it is being printed out of nothing.

In bitcoins case, $100 million can buy almost 11,000 bitcoin. Most exchanges do not have 11,000 volume in an entire day. So hopefully you can see how it wouldn’t take much to manipulate the price. I assume it would go something like this..

1- Tether printed. 2- USDT traded for BTC  3- Spike in volume and price increase drives sentiment to bring in more buyers. 4- Arbitrage bots reach target and trade BTC for US dollars. 5- Tether now has USD to cover some of the new printing. 6- BTC price eventually falls. 7- More Tethers printed. Repeat.

To me, the faster Tethers crash the better, no matter what happens to the price of bitcoin and other cryptocurrencies because of it. Until then, I guess all that we can do is refuse to trade USDT, even if it’s convenient to use on any given exchange, don’t trade it. Whether it’s liquidity or regulator clamp down, Tethers need a bitconnect moment, in my opinion.

And if you want more, here is a THEORY of what a possible Futures manipulation would look like using Tethers.

 

Mt.Gox Trustee

As if the pressure of Tethers on the market was not enough, we have the Mt. Gox bitcoin dump to contend with. Mt. Gox was an exchange that went belly up, and years later, the bankruptcy trustee is recently moving the bitcoin from cold storage onto exchanges. This has a similar effect as the Tethers from the previous section. Below you can see the distribution of bitcoin, and the impact it had on the market.

mtgox-dumps

 

This is the impact of 40,000 BTC. The trustee has 160,000 BTC more from what I can tell. As of this writing, there is no word on future distributions, as it seems the next court proceedings are not until September 2018.

Whether it’s Tethers or Mt.Gox dumping, these actions have huge impact on the price of bitcoin. When they do it on any one exchange, it is more than enough to trigger a large enough move, which then triggers existing stop and/or limit orders, and can bring the entire market down in short time. Trade responsibily.

 

Ongoing Scams

Tether and Mt.Gox are the big fish to me right now. Though in general you should always beware of ICOs and Pump-and-Dumps, etc. These will be ongoing obstacles.

Initial Coin Offering – ICO

As the use of cryptocurrency and blockchain technology develops, there will be many new coins and utilities. They will range from between ‘world changing’ and scams. Before investing in any ICO, read it’s whitepaper, study the team behind it, and exercise overall diligence.

Pump-and-Dumps

Just see twitter or certain ‘newsletters’ and these will not be hard to find. A person/group will shill for a coin, drive it’s price up, then dump it.

FUD

Fear, Uncertainty, and Doubt. This is a disinformation strategy used by others to influence perception in order to attain a certain goal. Fake news.

Regulations

As crypto grows, so will the attempt to regulate it. Regulations in of themselves may not be that bad, some may actually be good and beneficial. But again, learn to discern between the actual regulation being discussed, and the aforementioned FUD surrounding it.

Tether Alternative

Back to Tether for a moment.

There has been news lately of Amazon inquiring about banking. Ask yourself…if Amazon or Apple took some of there cash and made a real 1:1 crytpo USD pair, do you think the price of Tether would crash? I do. Even those weary of a Jeff Bezos world takeover would still trust him over Bitfinex and Tether.

Actually, I find it amazing that no major, regulated bank has tried this. They could literally issue their TRANSPARENTLY AUDITED 1:1 USD crypto, then charge a meager fee for the customer to exchange to USD at anytime. Maybe legally it would have to be a separate entity from the actual bank… but one of the banks or an Amazon/Apple should clear with the SEC to see what would be legal…and do it. Just do it honestly.

This seems like a no-brainer for Amazon or Apple to do to essentially accept bitcoin at checkout, without the risk of the volatility. And I suppose the ideal coin would have an elastic supply, instead of a fixed one, to maintain the 1:1 ratio with USD. Anyway, I’m sure some developer could figure it out for a price that Bezos can easily afford.

Closing

Once the current mine field is cleared out, those of evil nature will no doubt devise other schemes to attain ill gotten gains. Such is a part of the ongoing battle between good and evil. We will just have to be vigilant as cryptocurrencies continue their widespread adoption.

All and all, I still believe cryptocurrencies and blockchain will be an integral part of our lives. I still believe they will change the finances of many that ‘invest’ in them. This is to serve as a warning to navigate the obstacles in realizing that ascent. Also, may this serve as a psychological aid for if the time comes when prices become unbelievably low again. That you view it as an opportunity of a lifetime, not the end of it.

Among all that was in this article, you can still actively trade crypto with this knowledge. Though I only recommend it with proper attention and risk mitigation. You can learn a lot about this and get access to a crypto trading program from RealLifeTrading. Disclaimer: I am currently subscribed there.   

Also, you can find several people who know what they are doing on Trading View like MPC and RLT.

Did I misrepresent anything? Do you have anything to add or correct? Please comment below if so.

Hope this article serves you well.

-Travis

God Bless

JMJ – UIOGD

It was only a few days ago that 1 Bitcoin cost more than 1 ounce of gold, but volatility continues to pick up in the digital currency markets as many “coins” move off from their all time highs. In this article, Bitcoin, Ethereum, and Dash will be discussed. Even with the ongoing volatile swings, the overall market cap of cryptocurrencies is relatively small, and digital currencies will be a player for the foreseeable future. Now, what to do about it?

Bitcoin

bitcoin chart Cryptocurrency Volatility | The Latest Digital Currency News of Bitcoin, Ethereum, and Dash

Just over 2 months ago, the MASSIVE 50% cryptocurrency gain in 2 weeks was noted on this site, and at that same time, Bitcoin gained 21% in 1 week. Since then, there was a build-up in price to the all-time high of about $1,270 per bitcoin, as the SEC was to rule on the approval of a Bitcoin ETF. An ETF would have given investors easier access to ‘trade’ Bitcoin, and it was speculated that an approval would immediately add several hundred dollars to the price of Bitcoin.

As it turns out, the SEC rejected the ETF, and so Bitcoin trading is yet relegated to alternative platforms, and not easily accessible to institutional traders. (Personally, I think this is better for Bitcoin in the long run, as paper trading has manipulated assets such as gold and silver) However, the price didn’t crash as was expected by some, but was fairly stable for several days…..until now.

Over the last few days, Bitcoin has dropped nearly $300!  This drop is likely attributed to the “forking” of Bitcoin. If you care to learn more, here is a forking op-edAlso, here are 3 ‘forking proposals.’ 

It is doubtful that this spells the end for Bitcoin, but more likely could present a buying opportunity once the price bottoms.  Especially when considering the market capitalization of Bitcoin, compared to other assets. It has realized only a fraction of it’s potential growth, even at $1,000+ per Bitcoin. Keep an eye to see if the 100-day moving average (blue line on chart) acts as support as it did a few months ago.

What is notably actionable now, though, is that this forking issue has increased the desirability of alt-coins like Ethereum and Dash.Cryptocurrency Volatility | The Latest Digital Currency News of Bitcoin, Ethereum, and Dash

 

Ethereum

Some speculate that Ethereum will catch and exceed the size of Bitcoin in time! This is partly due to it’s ‘smart contract’ functionality. Per wikipedia, smart contracts, are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Ethereum also uses an expanded blockchain technology than that of bitcoin, rendering it as ‘better’ to many people. For example, being able to correct the issues of Bitcoin, Ethereum is believed to have better scalability as more and more digital transactions take place globally.

Other differences to Bitcoin, are that Ethereum:

  • has a faster block time, quicker transactions
  • has more coins yet to be mined
  • encourages decentralized mining
  • has it’s own Turing complete internal code

Ethereum’s smart contract technology is enabling other companies to develop blockchain based applications. As the National Inflation Association reports, Augur (decentralized prediction market) and BTL Group (TSXV:BTL), are among those utilizing the Ethereum blockchain. BTL Group is currently testing their Interbit platform with VISA, among others.

These advances in Ethereum easily explain the drastic price moves of late. The cryptocurrency volatility was evident in March 2017, as in a span of 9 days, the value of Ethereum went from about $17 to $55! A 224% gain in only 9 days! 

ethereum chart Cryptocurrency Volatility | The Latest Digital Currency News of Bitcoin, Ethereum, and Dash

dash coin vs bitcoin Cryptocurrency Volatility | The Latest Digital Currency News of Bitcoin, Ethereum, and Dash

 

Dash

Dash coin has quite a few desirable characteristics that make it more appealing to various users. It boasts a quicker transaction, a better future forking transition, and the transactions are truly anonymous. See the infographic at the right for a Dash vs Bitcoin comparison chart.

One of the leaders in cryptocurrency volatility as of late, it’s current price sits at about $109. On Feb. 20, it was nearly $21 per Dash. That is a 420% gain in only 1 month!

 

dash coin chart Cryptocurrency Volatility | The Latest Digital Currency News of Bitcoin, Ethereum, and Dash

 

 

Bitcoin vs Ethereum vs Dash

All things considered, each type of cryptocurrency has it’s own goal. Really, it is not fully accurate to say one is ‘better’ than the other, because each is developed to achieve different ends, and each user has their own needs. Bitcoin aspires to be more of a stable currency, Ethereum provides the system on which many companies can develop and operate, and Dash points to it’s anonymity and quickness.

They all are susceptible to governments making laws, regulating their use, and the resulting cryptocurrency volatility. But then they all are immune to government central banking. So it’s just like investing in any asset, there are risks and rewards.

Personally, I recommend acquiring some Bitcoin, Ethereum, and Dash. Even look into companies like BTL Group (TSXV:BTL) who are utilizing the technology. The market capitalization of all crypto currencies combined is a mere $24 billionThat is comparable to the size of Hershey’s (NYSE:HSY) or Kellogg (NYSE:K).

These digital currencies are still relatively new, and they are open to global inflows of capital. Plus, while we can measure them against companies, they are actual currencies, and cryptocurrency volatility will probably never go away. $24 billion is not that much when the entire world has a GDP of $120 trillion. While not without risk, the potential is astronomical.

 

Hopefully this info was of use to you. Below, I will include links from our last 2 cryptocurrecy articles to do your own research, if you are interested. And with any gains you may realize, please be a good steward.

JMJ – IOGD

Travis

 

MUST SEE! Crytpo-Currencies Gain 50% in 2 Weeks After Breaking All-Time Resistance
Bitcoin and Gold in 2017 | $10,000 Bitcoin is Coming
bitcoin address Cryptocurrency Volatility | The Latest Digital Currency News of Bitcoin, Ethereum, and Dash

1NjFD6ktEmvkVPHVYv5fBFePMfGGsBpZoU


Here are some useful tools:
Bitcoin Wallet
Bitcoin Charts
Bitcoin Exchanges – BTCe  Bter
Crytpo Currency Market Capitalizations
Bitcoin real time flow
National Inflation Association

You must be paying attention to the history currently unfolding in crypto-currencies. In only 2 weeks, the total market capitalization of all crypto-currencies has jumped 50%!!

chart

Many have heard of Bitcoin, but are unaware of the hundreds of other digital currencies like it. These currencies are traded on exchanges just like currencies of the world’s various central banks. As there is the dollar, euro, yuan, ruble, pound, etc. There is also Bitcoin, Ethereum, Monero, Litecoin, Ripple, GlobalBoost, etc. However, these digital currencies are more like a commodity in the sense that there is a finite amount available, scarcity. Career politicians just can’t go and create more of them by the push of a button, but they are mined by various ‘computers’ through an algorithmic blockchain….and there is a set amount to be mined.

 

Market Capitalization of Crypto-Currencies

In this case, Market Capitalization can be understood as the total value, or total amount of dollars making up the shares of the crypto-currencies.

On December 4, 2013, there was $15.7 billion in Bitcoin and the other altcoins. On June 17, 2016, that high was tested and peaked at $14.9 billion before pulling back. Again, on December 22, 2016, the resistance was tested at $15.6 billion, and once broken, the market capitalization skyrocketed nearly 50% in just 2 weeks. As of January 5, 2017, there is $21.7 billion in crypto-currencies.

This is truly an amazing event unfolding before our eyes. Think of any stock or any other central bank currency….to grow 50% in 2 weeks, after living below an all-time resistance, is remarkable.

 

Bitcoin

It was only a week ago when we published Bitcoin and Gold in 2017 | $10,000 Bitcoin is Coming. At the time, the price of Bitcoin was $959. As of this writing, it is now $1,164. That is a 21% rise in only 1 week! (also, in that article, an immediate $78 move higher in gold was referenced, and gold has risen $34 since.)

bitcoin-addressIf you have not already, it is time to get at least some Bitcoin. Of course, we can’t know when the next regulation will come, trying to stifle the rise of Bitcoin. That $7 billion dollars added to crypto-currency market cap in the last 2 weeks can evaporate as quickly as it came, testing the old resistance as new support. Or, this move higher could still be in it’s beginning stages. In 2013, the price of Bitcoin rose 450% in only 1 month. If a similar move in unfolding, it’s not yet finished. Keeping an eye on the action from China will help this time around.

Take a minute to review the $10,000 Bitcoin is Coming article, and here are a few useful tools from it:
Bitcoin Wallet
Bitcoin Charts
Bitcoin Exchanges – BTCe  Bter
Crytpo Currency Market Capitalizations
Bitcoin real time flow
National Inflation Association

 

In God’s Will

-Travis