Litecoin Price in USD | Real Time Litecoin Chart | KITCO

CryptoCurrency Talk and Offers

News on Bitcoin, Monero, Ethereum, Litecoin and all the other cryptocurrencies in the market. Cryptocurrency mining, trading and news talk. Cryptocurrency giveaways, coin airdrops and similar is welcome if legitimate. No scam and non-stop spam.
[link]

Funding the future with the future of currency

**About the Einsteinium Foundation** The Einsteinium Foundation was created to help, in any small way it can, raise funding for cutting edge scientific research. To this aim we created Einsteinium, a new crypto currency (similar to Bitcoin), to gather funds that can be distributed to projects the community chooses. Combined with donations from the community at large we will help fund some of the most innovative projects currently under-way or help seed those waiting to start.
[link]

Why Bitcoin is Different

If you’re new to the Bitcoin space, the last few months have been pretty crazy. There have been some steep climbs and heart-stopping drops making for a roller coaster of emotion that’s not easily controlled. The price action is both thrilling and at times, painful, so it’s easy to lose sight of what you’re investing in. All the coins seem to be running together, so what’s the difference? How is one coin to be distinguished from another? And more importantly, how is an investor to know what the long term value of a coin will be?
In this article, I’m going to make the case for what makes Bitcoin different, how Bitcoin is a system that, despite all the cloning, has yet to be truly replicated.

Real Innovation

To really understand the value proposition of Bitcoin, it helps to look at a bit of history. It’s tempting to think that the newest ICO or altcoin is the one that will finally “improve” Bitcoin and fix all of its problems and that Bitcoin will be relegated to the dustbin of history due to its lack of some “feature”. Indeed, nearly every altcoin, ICO or hardfork thinks that they’re being innovative in some fundamental way. What’s missed is that the biggest innovation has already happened.
Decentralized digital scarcity is the real innovation and Bitcoin was the first, and, as this article will make clear, continues to be the only such coin. All the other so-called innovations such as faster confirmation times, changing to proof-of-whatever, Turing completeness, different signature algorithm, different transaction ordering method and even privacy, are really tiny variations on the giant innovation that is Bitcoin.
It’s important to remember here that alternatives to Bitcoin have been proposed since 2011 and none of them have even come close to displacing Bitcoin in terms of price, usage or security. IxCoin was a clone of Bitcoin created in 2011 with larger block rewards and a premine (large number of coins sent to the creator). Tenebrix was an altcoin created in 2011 that tried to add GPU resistance and again had a large premine. Solidcoin was another altcoin created in 2011 with faster block times and again, a premine. About the only ones that survived (and not living out a zombie existence) out of that early altcoin era are Namecoin and Litecoin, which distinguished themselves by NOT having a premine.
ICOs are also not new. Mastercoin did an ICO in 2013 with, you guessed it, a premine, and raised over 5000 BTC at the time and had to rebrand themselves to Omni because the ecosystem around it was so anemic. Factom did an ICO in 2015 and raised over 2000 BTC and had to raise multiple rounds of additional financing because they ran out of money. In other words, all these “exciting” new tokens have generally done very poorly and didn’t actually provide much utility.
Altcoins and ICOs have tried many different “features” and most have not been useful or adopted. So what gives? Why does Bitcoin seem to have a special place in the ecosystem? Why is Bitcoin different? We explore two unique aspects that make Bitcoin different than everything else: the network effect and decentralization.

The Network Effect

Because Bitcoin has the largest network and gains from the network effect, other coins essentially are playing a giant game of catch-up. Bitcoin is the 7-day week and every other altcoin is a slight variation (Let’s have 4-day weeks! Let’s make the day 18 hours! Let’s rename the days to something different! Let’s vary week lengths according to the whims of a central authority!) Needless to say, these types of “innovations” are, at best, minor and are generally not adopted. This is because the network effect of Bitcoin grows over time and the people using the network optimize toward the standards of the network, locking more and more people in.
As the network grows, what we see is that subtle, unseen benefits accrue to each norm. What may, on the surface seem inefficient actually has second and third order effects that benefit the people conforming to the norm. For example, a car does not fly or go on water because the car has been optimized for use on solid ground. The lack of extra features makes the car more useful since it’s easier to park (smaller size than a theoretical boat/caplane hybrid), cheaper to maintain and get fuel for, etc.
In addition, these norms have withstood the test of time and have proven their resilience in ways that are not obvious. You would not want to be the first person to fly in a caplane hybrid, for example, because you wouldn’t know how safe such a vehicle is. Something that’s been around has proven its relative security. Bitcoin, in a sense, has the world’s richest bug bounty to reveal any security flaws. As a result, Bitcoin has proven its security with the only thing that can really test it: time. Every other coin is much younger and/or has proven to be less secure.
Indeed, the dubious nature of many of these “features” become obvious over time. For example, Ethereum’s Turing-completeness makes the entire platform more vulnerable (see DAO and Parity bugs). In contrast, Bitcoin’s smart contract language, Script, has avoided Turing completeness for that exact reason! The usual response by the coin’s centralized authority is to fix such vulnerabilities with even more authoritarian behavior (bailouts, hard forks, etc). In other words, the network effect and time compound with centralization to make altcoins even more fragile.
Bitcoin has the largest network and that means that Bitcoin grows in utility simply from having the most users. It’s a lot easier to get accessories for a popular phone than an unpopular one, for example. The ecosystem around Bitcoin makes getting and keeping Bitcoin much easier than say, your altcoin or ICO of the week.

Decentralization

The other main property of Bitcoin that no other coin has is decentralization. By decentralized, I mean that Bitcoin does not have a single point of failure or choke point. Every other coin has a founder or a company that created their coin and they have the most influence over the coin. A hard fork (a backwards incompatible change) that’s forced on the user, for example, is an indication that the coin is pretty centralized.
Centralized coins have the “advantage” of being able to change things quickly in response to market demand. Centralization is certainly a good thing for businesses as they are often trying to make a profit by providing some good or service to their customers. A centralized business can better respond to market demand and change what they sell for better profits.
For money, however, centralization is a bad thing. First, one of the main value propositions for a store of value is in being something that doesn’t change qualitatively (aka immutability). A store of value requires that its qualities stay the same or get better over time. A change that undermines its qualities (e.g. inflation of supply, decreasing of acceptance, change of security) drastically changes the utility of money as a store of value.
Second, centralization of currency has a tendency to change the rules, often to catastrophic effect. Indeed, 20th century economics is the story of central banks slowly degrading fiat money’s store of value utility. The average fiat currency has a lifespan of 27 years for this reason, despite the backing of powerful entities like governments and near universal usage within an entire country as a medium of exchange. “Features”, ability to react quickly and usage simply do not matter nearly as much to the survival of a currency as scarcity and immutability.
Every cryptocurrency and ICO other than Bitcoin is centralized. For an ICO, this is obvious. The entity that issues the ICO and creates the token is the centralized party. They issued the coin and thus can change the token’s usage, alter the coin’s incentives or issue additional tokens. They can also refuse to accept certain tokens for their good or service.
Altcoins have the same problem, though not in such an obvious way. Usually the creator is the de facto dictator for the coin and can do the same things that a government can. Taxes (dev tax, storage tax, etc), inflation, picking winners and losers (DAO, proof-of-X change, etc) are often decided by the creators. As a holder of an altcoin, you have to trust not just the current leader, but all future leaders of the coin to not confiscate, tax away or inflate away your coins. In other words, altcoins and ICOs are not qualitatively different than fiat. In altcoin and ICO-land, you are not sovereign over your own coins!
This is particularly acute in the biggest “competitor” to Bitcoin: Ethereum. By any measure, Ethereum is centrally controlled. Ethereum has had at least 5 hard forks where users were forced to upgrade. They’ve bailed out bad decision making with the DAO. They are now even talking about a new storage tax. The centralized control was shown early in their large premine.
Bitcoin is different. One of the greatest things that Satoshi did was disappear. In the early days of Bitcoin, Satoshi controlled a lot of what was developed. By disappearing, we’ve now got a situation where parties that don’t like each other (users of various affiliations) all have some say in how the network is run. Every upgrade is voluntary (i.e. soft forks) and does not force anyone to do anything to keep their Bitcoin. In other words, there’s no single point of failure. Bitcoin has a system where even if a whole group of developers got hit by a bus, there are multiple open source implementations that can continue to offer choices to every user. In Bitcoin, you are sovereign over your own bitcoins.
This is a very good thing as there’s no central authority that can diminish the utility of your coins. That means Bitcoin is actually scarce (instead of theoretically or temporarily scarce), won’t change qualitatively without everyone’s consent and is thus a good store of value.
submitted by PresentType to bitcoindiscreetnessin [link] [comments]

Top crypto events over the last decade

Top crypto events over the last decade
https://preview.redd.it/5ct38iefxwg41.png?width=3600&format=png&auto=webp&s=36bbfa32ede0eaed258881791acaf42cba5a39d7
2020 marks a decade since cryptocurrency became a part of a daily routine. Mass adoption of crypto started with Bitcoin’s appearance in 2009. A lot has happened in the Crypto World since then. Now let’s take a look at the most significant events over the last crypto decade.
  • In 2009 the first block of Bitcoins was mined for a 50 Bitcoins reward. The same year there was the first Bitcoin hard fork which gave us Namecoin.
  • The first exchange appeared in 2010. It was bitcoinmarket.com which doesn’t exist anymore. The same year it was hacked for the first time. This unpleasant event showed the most obvious flaws in the system though. It was rather important to understand all the possible drawbacks, and right up to this moment a lot of efforts are taken to prevent accidents like these.
https://preview.redd.it/2bei49bgxwg41.jpg?width=992&format=pjpg&auto=webp&s=c17047ee3bfbe43102fb786469fe53abd45e70df
  • 2010 was also a year when investors appeared. A lot of people are looking for an opportunity to invest in crypto now, but it has taken some time to learn that crypto can actually be an investment.
  • 2011 was a year of cryptocurrencies’ debuts. Swiftcoin appeared, and as a result of the second Bitcoin hard fork Litecoin came to the Crypto World.
  • In 2011, a physicist by training, 29-year-old Ross William Ulbricht, registered the Internet community called Silk Road on the anonymous Tor network. It has become one of the largest drug trafficking sites in the world. While the site was working, it managed to serve about a million customers, and the turnover of illicit substances exceeded $200 million. Almost all the payments were made in Bitcoins. In October 2013, the FBI closed the Silk Road and arrested 144,000 bitcoins, which at that time was about $100 million.
  • In 2012 people started talking about Bitcoin. It was even mentioned in some TV shows.
  • 2012 was marked by the birth of XRP.
  • By 2013 there were around 10 cryptocurrency assets.
  • In 2013 arguments about cryptocurrency regulation started. Countries had to find a way to deal with new technologies. Germany, Thailand, and China prohibited the use of cryptocurrencies. At the same time Canada launched the very first Bitcoin ATM.
https://preview.redd.it/ifqduu7hxwg41.jpg?width=900&format=pjpg&auto=webp&s=9139c1dd510c504aea5ee0508e692be72b07f999
  • 2014 is famous for the biggest cryptocurrency exchange hack. 850 000 BTC was stolen when the Mt.Gox exchange was hacked.
  • In 2015 several new cryptocurrencies appeared. The Ethereum ecosystem was introduced. Thanks to Ethereum we use smart contracts now.
  • In 2015 the number of Bitcoin ATMs increased, and Argentina started to accept crypto as a payment for taxi rides.
  • In 2015 all the ICOs started. Augur was the first to do this.
  • Starting from 2015 more and more cryptocurrencies appeared. As a result we have 200 000 tokens running on smart contracts now.
  • In 2017 Japan decided to legalize Bitcoin as a payment method. In Norway Bitcoin became an authorized investment and payment.
  • 2017 is famous for the appearance of the most adorable blockchain project, CryptoKitties. It is not a currency, but an asset. The main thing that distinguishes CryptoKitties from all the other tokens is the uniqueness. Usually tokens are interchangeable. The value of your assets is expressed primarily in the number of tokens you have. The value of each CryptoKitty is different. What kinds of CryptoKitties you have is important. So, your only CryptoKitty may cost more than three CryptoKitties of another user. Nonetheless, CryptoKitties are in fact ERC-721 tokens built on the Ethereum blockchain. Everything is administered by smart contracts, and ETH is used for all transactions. CryptoKitties became very famous. Since December 2, new kitties appeared every 15 minutes. They became a powerful tool in showing people how to use blockchain technologies in a fun way. CryptoKitties were so attractive that at a certain moment in 2017 they congested the Ethereum network.
https://preview.redd.it/0tfc13zhxwg41.jpg?width=2500&format=pjpg&auto=webp&s=cdd8291103d4d943d9de8390e130b9da3eb7eae8
  • 15 November 2018 was the time when BCH hard fork happened. It was a result of the inner conflict between two camps: Roger Ver and Jihan Wu on the one side, and Craig Steven Wright and Calvin Ayre on the other side. This discord was caused by different versions of software. The whole thing culminated in creating BCH with 32 MB block size limit and BSV (Bitcoin Satoshi’s Vision) with 128 MB block size limit.
  • 2018 was time for European countries to come together and discuss cryptocurrency regulation.
  • 2019 was not a good year for XRP. In June wallets that were hosted on Gatehub were hacked and 23 200 000 XRP was stolen. Upbit exchange did not have a great year either. It was hacked and lost 10 000 ETH.
https://preview.redd.it/r28fh1lixwg41.jpg?width=997&format=pjpg&auto=webp&s=0647df98dca5d5ad973649787415a0f56c27f360
There were a lot of attempts to create a digital currency. Not all of them were successful. Finally, Bitcoin appeared and changed the world’s perception of the concept. It came a long way and became a whole industry. It is developing constantly involving more and more people on the way. The list of new cryptocurrencies is expanding rapidly. For the next decade there are still some problems to solve, but nonetheless the future of cryptocurrency seems to be extremely exciting.
submitted by SimpleSwapExchange to btc [link] [comments]

Top crypto events over the last decade

Top crypto events over the last decade

https://preview.redd.it/knrz672dwwg41.png?width=3600&format=png&auto=webp&s=5f3ebf91ec0d2d6fddc9384fd973315cf7e4e3e5
2020 marks a decade since cryptocurrency became a part of a daily routine. Mass adoption of crypto started with Bitcoin’s appearance in 2009. A lot has happened in the Crypto World since then. Now let’s take a look at the most significant events over the last crypto decade.
  • In 2009 the first block of Bitcoins was mined for a 50 Bitcoins reward. The same year there was the first Bitcoin hard fork which gave us Namecoin.
  • The first exchange appeared in 2010. It was bitcoinmarket.com which doesn’t exist anymore. The same year it was hacked for the first time. This unpleasant event showed the most obvious flaws in the system though. It was rather important to understand all the possible drawbacks, and right up to this moment a lot of efforts are taken to prevent accidents like these.
https://preview.redd.it/6h4rluwdwwg41.jpg?width=992&format=pjpg&auto=webp&s=d9b938d15142eac43a64a05a1d11b492e2f1f322
  • 2010 was also a year when investors appeared. A lot of people are looking for an opportunity to invest in crypto now, but it has taken some time to learn that crypto can actually be an investment.
  • 2011 was a year of cryptocurrencies’ debuts. Swiftcoin appeared, and as a result of the second Bitcoin hard fork Litecoin came to the Crypto World.
  • In 2011, a physicist by training, 29-year-old Ross William Ulbricht, registered the Internet community called Silk Road on the anonymous Tor network. It has become one of the largest drug trafficking sites in the world. While the site was working, it managed to serve about a million customers, and the turnover of illicit substances exceeded $200 million. Almost all the payments were made in Bitcoins. In October 2013, the FBI closed the Silk Road and arrested 144,000 bitcoins, which at that time was about $100 million.
  • In 2012 people started talking about Bitcoin. It was even mentioned in some TV shows.
  • 2012 was marked by the birth of XRP.
  • By 2013 there were around 10 cryptocurrency assets.
  • In 2013 arguments about cryptocurrency regulation started. Countries had to find a way to deal with new technologies. Germany, Thailand, and China prohibited the use of cryptocurrencies. At the same time Canada launched the very first Bitcoin ATM.
https://preview.redd.it/yqmqqpwewwg41.jpg?width=900&format=pjpg&auto=webp&s=97a8adbdd1dded2c33aa1c9651175d54651454a1
  • 2014 is famous for the biggest cryptocurrency exchange hack. 850 000 BTC was stolen when the Mt.Gox exchange was hacked.
  • In 2015 several new cryptocurrencies appeared. The Ethereum ecosystem was introduced. Thanks to Ethereum we use smart contracts now.
  • In 2015 the number of Bitcoin ATMs increased, and Argentina started to accept crypto as a payment for taxi rides.
  • In 2015 all the ICOs started. Augur was the first to do this.
  • Starting from 2015 more and more cryptocurrencies appeared. As a result we have 200 000 tokens running on smart contracts now.
  • In 2017 Japan decided to legalize Bitcoin as a payment method. In Norway Bitcoin became an authorized investment and payment.
  • 2017 is famous for the appearance of the most adorable blockchain project, CryptoKitties. It is not a currency, but an asset. The main thing that distinguishes CryptoKitties from all the other tokens is the uniqueness. Usually tokens are interchangeable. The value of your assets is expressed primarily in the number of tokens you have. The value of each CryptoKitty is different. What kinds of CryptoKitties you have is important. So, your only CryptoKitty may cost more than three CryptoKitties of another user. Nonetheless, CryptoKitties are in fact ERC-721 tokens built on the Ethereum blockchain. Everything is administered by smart contracts, and ETH is used for all transactions. CryptoKitties became very famous. Since December 2, new kitties appeared every 15 minutes. They became a powerful tool in showing people how to use blockchain technologies in a fun way. CryptoKitties were so attractive that at a certain moment in 2017 they congested the Ethereum network.
https://preview.redd.it/uvifvwtfwwg41.jpg?width=2500&format=pjpg&auto=webp&s=2091e747922b81efae9257d15e924d804eb85bfd
  • 15 November 2018 was the time when BCH hard fork happened. It was a result of the inner conflict between two camps: Roger Ver and Jihan Wu on the one side, and Craig Steven Wright and Calvin Ayre on the other side. This discord was caused by different versions of software. The whole thing culminated in creating BCH with 32 MB block size limit and BSV (Bitcoin Satoshi’s Vision) with 128 MB block size limit.
  • 2018 was time for European countries to come together and discuss cryptocurrency regulation.
  • 2019 was not a good year for XRP. In June wallets that were hosted on Gatehub were hacked and 23 200 000 XRP was stolen. Upbit exchange did not have a great year either. It was hacked and lost 10 000 ETH.
https://preview.redd.it/1km3kvrgwwg41.jpg?width=997&format=pjpg&auto=webp&s=e07c6929dafd73535dfab29e243966bbddd19d3f
There were a lot of attempts to create a digital currency. Not all of them were successful. Finally, Bitcoin appeared and changed the world’s perception of the concept. It came a long way and became a whole industry. It is developing constantly involving more and more people on the way. The list of new cryptocurrencies is expanding rapidly. For the next decade there are still some problems to solve, but nonetheless the future of cryptocurrency seems to be extremely exciting.
submitted by SimpleSwapExchange to CryptoCurrencyTrading [link] [comments]

Top crypto events over the last decade

Top crypto events over the last decade

https://preview.redd.it/sq4dzdy5vwg41.png?width=3600&format=png&auto=webp&s=78d5072b99f48b3cfa6cd07afda9f3b562bcf324
2020 marks a decade since cryptocurrency became a part of a daily routine. Mass adoption of crypto started with Bitcoin’s appearance in 2009. A lot has happened in the Crypto World since then. Now let’s take a look at the most significant events over the last crypto decade.
  • In 2009 the first block of Bitcoins was mined for a 50 Bitcoins reward. The same year there was the first Bitcoin hard fork which gave us Namecoin.
  • The first exchange appeared in 2010. It was bitcoinmarket.com which doesn’t exist anymore. The same year it was hacked for the first time. This unpleasant event showed the most obvious flaws in the system though. It was rather important to understand all the possible drawbacks, and right up to this moment a lot of efforts are taken to prevent accidents like these.
https://preview.redd.it/ydgdqdw6vwg41.jpg?width=992&format=pjpg&auto=webp&s=238682017e54ff82ba8d7b6bf759c31f980a504e
  • 2010 was also a year when investors appeared. A lot of people are looking for an opportunity to invest in crypto now, but it has taken some time to learn that crypto can actually be an investment.
  • 2011 was a year of cryptocurrencies’ debuts. Swiftcoin appeared, and as a result of the second Bitcoin hard fork Litecoin came to the Crypto World.
  • In 2011, a physicist by training, 29-year-old Ross William Ulbricht, registered the Internet community called Silk Road on the anonymous Tor network. It has become one of the largest drug trafficking sites in the world. While the site was working, it managed to serve about a million customers, and the turnover of illicit substances exceeded $200 million. Almost all the payments were made in Bitcoins. In October 2013, the FBI closed the Silk Road and arrested 144,000 bitcoins, which at that time was about $100 million.
  • In 2012 people started talking about Bitcoin. It was even mentioned in some TV shows.
  • 2012 was marked by the birth of XRP.
  • By 2013 there were around 10 cryptocurrency assets.
  • In 2013 arguments about cryptocurrency regulation started. Countries had to find a way to deal with new technologies. Germany, Thailand, and China prohibited the use of cryptocurrencies. At the same time Canada launched the very first Bitcoin ATM.
https://preview.redd.it/ihloag98vwg41.jpg?width=900&format=pjpg&auto=webp&s=66a54edb739c689139213d387b33c29a97b7480d
  • 2014 is famous for the biggest cryptocurrency exchange hack. 850 000 BTC was stolen when the Mt.Gox exchange was hacked.
  • In 2015 several new cryptocurrencies appeared. The Ethereum ecosystem was introduced. Thanks to Ethereum we use smart contracts now.
  • In 2015 the number of Bitcoin ATMs increased, and Argentina started to accept crypto as a payment for taxi rides.
  • In 2015 all the ICOs started. Augur was the first to do this.
  • Starting from 2015 more and more cryptocurrencies appeared. As a result we have 200 000 tokens running on smart contracts now.
  • In 2017 Japan decided to legalize Bitcoin as a payment method. In Norway Bitcoin became an authorized investment and payment.
  • 2017 is famous for the appearance of the most adorable blockchain project, CryptoKitties. It is not a currency, but an asset. The main thing that distinguishes CryptoKitties from all the other tokens is the uniqueness. Usually tokens are interchangeable. The value of your assets is expressed primarily in the number of tokens you have. The value of each CryptoKitty is different. What kinds of CryptoKitties you have is important. So, your only CryptoKitty may cost more than three CryptoKitties of another user. Nonetheless, CryptoKitties are in fact ERC-721 tokens built on the Ethereum blockchain. Everything is administered by smart contracts, and ETH is used for all transactions. CryptoKitties became very famous. Since December 2, new kitties appeared every 15 minutes. They became a powerful tool in showing people how to use blockchain technologies in a fun way. CryptoKitties were so attractive that at a certain moment in 2017 they congested the Ethereum network.
https://preview.redd.it/oz48y1g9vwg41.jpg?width=2500&format=pjpg&auto=webp&s=4721d40913ca0de719e07331300d979610ea68b7
  • 15 November 2018 was the time when BCH hard fork happened. It was a result of the inner conflict between two camps: Roger Ver and Jihan Wu on the one side, and Craig Steven Wright and Calvin Ayre on the other side. This discord was caused by different versions of software. The whole thing culminated in creating BCH with 32 MB block size limit and BSV (Bitcoin Satoshi’s Vision) with 128 MB block size limit.
  • 2018 was time for European countries to come together and discuss cryptocurrency regulation.
  • 2019 was not a good year for XRP. In June wallets that were hosted on Gatehub were hacked and 23 200 000 XRP was stolen. Upbit exchange did not have a great year either. It was hacked and lost 10 000 ETH.
https://preview.redd.it/djmzr6oavwg41.jpg?width=997&format=pjpg&auto=webp&s=d08c447c081fd0e4d7f90762c8a66262b6dfb547
There were a lot of attempts to create a digital currency. Not all of them were successful. Finally, Bitcoin appeared and changed the world’s perception of the concept. It came a long way and became a whole industry. It is developing constantly involving more and more people on the way. The list of new cryptocurrencies is expanding rapidly. For the next decade there are still some problems to solve, but nonetheless the future of cryptocurrency seems to be extremely exciting.
submitted by SimpleSwapExchange to CryptoCurrencies [link] [comments]

Top crypto events over the last decade

Top crypto events over the last decade

https://preview.redd.it/ekj2hgx8uwg41.png?width=3600&format=png&auto=webp&s=3a28eac66dadcf8d7317d67040769c1d33991137
2020 marks a decade since cryptocurrency became a part of a daily routine. Mass adoption of crypto started with Bitcoin’s appearance in 2009. A lot has happened in the Crypto World since then. Now let’s take a look at the most significant events over the last crypto decade.
  • In 2009 the first block of Bitcoins was mined for a 50 Bitcoins reward. The same year there was the first Bitcoin hard fork which gave us Namecoin.
  • The first exchange appeared in 2010. It was bitcoinmarket.com which doesn’t exist anymore. The same year it was hacked for the first time. This unpleasant event showed the most obvious flaws in the system though. It was rather important to understand all the possible drawbacks, and right up to this moment a lot of efforts are taken to prevent accidents like these.
https://preview.redd.it/qk5yekccuwg41.jpg?width=992&format=pjpg&auto=webp&s=8ad280e309b8745fa13e1ffdc7b6cc3260c49ec1
  • 2010 was also a year when investors appeared. A lot of people are looking for an opportunity to invest in crypto now, but it has taken some time to learn that crypto can actually be an investment.
  • 2011 was a year of cryptocurrencies’ debuts. Swiftcoin appeared, and as a result of the second Bitcoin hard fork Litecoin came to the Crypto World.
  • In 2011, a physicist by training, 29-year-old Ross William Ulbricht, registered the Internet community called Silk Road on the anonymous Tor network. It has become one of the largest drug trafficking sites in the world. While the site was working, it managed to serve about a million customers, and the turnover of illicit substances exceeded $200 million. Almost all the payments were made in Bitcoins. In October 2013, the FBI closed the Silk Road and arrested 144,000 bitcoins, which at that time was about $100 million.
  • In 2012 people started talking about Bitcoin. It was even mentioned in some TV shows.
  • 2012 was marked by the birth of XRP.
  • By 2013 there were around 10 cryptocurrency assets.
  • In 2013 arguments about cryptocurrency regulation started. Countries had to find a way to deal with new technologies. Germany, Thailand, and China prohibited the use of cryptocurrencies. At the same time Canada launched the very first Bitcoin ATM.
https://preview.redd.it/wp6ldohduwg41.jpg?width=900&format=pjpg&auto=webp&s=168d329de50a6f8b8bb4f7e2fd79c974405d91f0
  • 2014 is famous for the biggest cryptocurrency exchange hack. 850 000 BTC was stolen when the Mt.Gox exchange was hacked.
  • In 2015 several new cryptocurrencies appeared. The Ethereum ecosystem was introduced. Thanks to Ethereum we use smart contracts now.
  • In 2015 the number of Bitcoin ATMs increased, and Argentina started to accept crypto as a payment for taxi rides.
  • In 2015 all the ICOs started. Augur was the first to do this.
  • Starting from 2015 more and more cryptocurrencies appeared. As a result we have 200 000 tokens running on smart contracts now.
  • In 2017 Japan decided to legalize Bitcoin as a payment method. In Norway Bitcoin became an authorized investment and payment.
  • 2017 is famous for the appearance of the most adorable blockchain project, CryptoKitties. It is not a currency, but an asset. The main thing that distinguishes CryptoKitties from all the other tokens is the uniqueness. Usually tokens are interchangeable. The value of your assets is expressed primarily in the number of tokens you have. The value of each CryptoKitty is different. What kinds of CryptoKitties you have is important. So, your only CryptoKitty may cost more than three CryptoKitties of another user. Nonetheless, CryptoKitties are in fact ERC-721 tokens built on the Ethereum blockchain. Everything is administered by smart contracts, and ETH is used for all transactions. CryptoKitties became very famous. Since December 2, new kitties appeared every 15 minutes. They became a powerful tool in showing people how to use blockchain technologies in a fun way. CryptoKitties were so attractive that at a certain moment in 2017 they congested the Ethereum network.
https://preview.redd.it/hnqg73qfuwg41.jpg?width=2500&format=pjpg&auto=webp&s=4034a666c8b9b2ef14b5e538e31a5ee1c7f2648a
  • 15 November 2018 was the time when BCH hard fork happened. It was a result of the inner conflict between two camps: Roger Ver and Jihan Wu on the one side, and Craig Steven Wright and Calvin Ayre on the other side. This discord was caused by different versions of software. The whole thing culminated in creating BCH with 32 MB block size limit and BSV (Bitcoin Satoshi’s Vision) with 128 MB block size limit.
  • 2018 was time for European countries to come together and discuss cryptocurrency regulation.
  • 2019 was not a good year for XRP. In June wallets that were hosted on Gatehub were hacked and 23 200 000 XRP was stolen. Upbit exchange did not have a great year either. It was hacked and lost 10 000 ETH.
https://preview.redd.it/t9zexhphuwg41.jpg?width=997&format=pjpg&auto=webp&s=4e17b536c516bf599c2634ba955479131017d8de
There were a lot of attempts to create a digital currency. Not all of them were successful. Finally, Bitcoin appeared and changed the world’s perception of the concept. It came a long way and became a whole industry. It is developing constantly involving more and more people on the way. The list of new cryptocurrencies is expanding rapidly. For the next decade there are still some problems to solve, but nonetheless the future of cryptocurrency seems to be extremely exciting.
submitted by SimpleSwapExchange to CryptoMarkets [link] [comments]

A brief history of the 2013 market peak; why some alts really do die; and what would've happened if you'd given in to FOMO

This piece is a follow-up to my earlier piece, which looked at what would’ve happened if you’d purchased alt-coins shortly after the bottom of the 2013-2015 bear market. A lot of the constructive criticism that I received was that I was too bullish on alt-coins, and that the timing was too convenient. Although it’s fair to say that I am bullish on crypto in general and alt-coins in particular (with several major caveats for both), I agree that it’s important to not just focus on historical analyses where it’s fairly clear that you could have earned money. So, today’s research question is whether you’d still be underwater if you’d bought in to the market at or near the 2013 all-time high. All information cited herein comes from the historical charts available at CoinMarketCap.
TL;DR: This worst-case scenario analysis shows that $300 invested equally across 15 of the 40 coins in existence near the market’s peak in 2013 would be worth only $429.95 today—gains which are entirely attributable to Bitcoin, Litecoin, and Ripple. This is basic, but it can be dangerous to buy high. This is especially true of alt-coins, but even the top three coins in our sample saw fairly lackluster results when bought at the top of the market. Finally, nothing in this post should be taken as investment advice. This is only intended as historical analysis. Past performance does not guarantee future returns.
A Brief History of the 2013 Market Peak
According to CoinMarketCap, the 2013 bull market peaked on December 4, 2013, at ~$15.87 billion in market capitalization.* Thereafter, the market crashed dramatically not once, but twice. In the first crash, which occurred between December 5-8, 2013, overall market cap fell by ~39% to ~$9.66 billion. Then, after a brief recovery to ~$13.57 billion on December 10th, the market fell precipitously, to ~$5.7 billion on December 18, 2013. Thus, over the course of only two weeks, from December 4-18, 2013, the market lost ~64% of its value. Although this was by no means the end of the 2013-2015 bear market--which lasted for approximately 17 months and saw an additional decline of ~45% from the December 18, 2013 low--this was the end of the beginning.
What If I Bought Crypto Right as the 2013 Market Peaked?
Generally, the first rule of trading is** that you want to buy low and sell high. As a result of their fear of missing out (“FOMO”), however, many people find themselves accidentally buying high. Today, I’m going to look at what would have happened to someone who bought their crypto right as the market was peaking. Ideally, I would run this experiment from December 4, 2013, but due to the limited data available from CoinMarketCap, I’m forced to choose between November 24th, December 1st, December 8th, and December 15th. Of those dates, I have selected December 1, 2013, because it represents the worst possible scenario for which I have data. On that date, total crypto market cap, which had hit a new high of ~$15.4 billion the day before, swung wildly between a high of ~$14.83 billion and a low of ~$12.18 billion. Unfortunately, it’s unclear exactly when CoinMarketCap’s snapshot was taken. That said, it’s clear that our hypothetical FOMO trader is about to lose his shirt over the next few weeks, so let’s dive into the specifics.
On December 1, 2013, there were 40 coins listed on CoinMarketCap. I won’t list them all here, but of those 40, all but 11 are still listed as active on CoinMarketCap. The truly dead (or “inactive”) coins are BBQCoin (BQC; rank 16), Devcoin (DVC; rank 19), Tickets (TIX; rank 22), Copperlark (CLR; rank 24), StableCoin (SBC; rank 25), Luckycoin (LKY—ironic, I realize; rank 31), Franko (FRK; rank 34), Bytecoin (BTE; rank 35), Junkcoin (JKE—how apt; rank 36), CraftCoin (CRC; rank 39), and Colossuscoin (COL; rank 40).***
Now, since this post is already incredibly long, instead of testing all 40 coins, let’s take a decently-sized sample of five coins each from the top, middle, and bottom of the stack, and look at what happens. For the middle, although the temptation is to take decent alts, let’s fight that and take the group with the highest failure rate: ranks 21-25. So, here’s out pool:
Now, here are how our sample of coins has performed as of when I write this:****
So, if our hypothetical FOMO trader had invested $100 in our top-five sample near the 2013 peak, it would currently be worth $411.80 (the profitable coins) + $3.06 (PPC) + $4.27 (NMC) = $419.13—a 4.19x increase.
Now for the two coins in the middle five that didn’t completely die:
So, if our hypothetical FOMO trader had invested $100 in our middle-five sample near the 2013 peak, it would currently be worth ~$15.19—an ~84.8% loss.
Finally, here are the two coins from the bottom five that didn’t completely die:
So, excluding everything buy Argentum, if our hypothetical FOMO trader had invested $100 in our bottom-five sample near the 2013 peak, it would currently be worth ~$2.96—a ~97% loss. Putting it all together, $300 invested in this sample of 15 coins as close to the peak of the 2013 market as the data will let me get, would be worth $429.95—a disappointing, but not-unexpected ~30.2% increase over five years. That said, I’m honestly somewhat amazed our FOMO trader made anything at all on this basket of coins, considering how many of them failed. In any case, all of his gains came from the top-three coins from 2013: Bitcoin, Litecoin, and Ripple.
Conclusions
What’s the lesson here, what’s the takeaway?***** Most importantly, I think the above analysis shows that it can be very dangerous to buy alt-coins when the market is at or near an all-time high—a conclusion that appears to be true regardless of where the alt is positioned in the market. That said, there are a few caveats: (1) this sample was intentionally bad, in order to reflect a worst-case scenario; (2) even buying the top-three coins at the all-time high didn’t net our FOMO trader particularly large gains when compared to someone who bought these same coins after the crash. Therefore, I think that the most important lesson here is not to buy high in the first place. Investing solely because of FOMO will probably cause you to lose money, unless you have invested equally in a broad range of cryptocurrencies, like the trader in our hypothetical. Even then, however, our FOMO trader probably would have done better investing in an S&P Index fund over the same period.
Endnotes
*This is a correction to my earlier piece, in which I stated that the cryptocurrency market peaked on November 30, 2013, at a total market capitalization of ~$15.2 billion. I made this error due to having failed to narrow the date range of the chart so I could properly zoon in. That said, the exact details of the market peak don’t affect the conclusions from my last piece, which considered trades made after the market had bottomed out.
** …you do not talk about trading. Wait, that’s the wrong rulebook.
*** Since I already typed it out, here’s the list of remaining active coins, in descending order: Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Peercoin (PPC), Namecoin (NMC), Megacoin (MEC), Feathercoin (FTC), WorldCoin (WDC), Primecoin (XPM), Freicoin (FRC), Novacoin (NVC), Zetacoin (ZET), Infinitecoin (IFC), Terracoin (TRC), Crypto Bullion (CBX), Anoncoin (ANC), Digitalcoin (DGC), GoldCoin (GLD), Yacoin (YAC), Ixcoin (IXC), Fastcoin (FST), BitBar (BTB), Mincoin (MNC), Tagcoin (TAG), FlorinCoin (FLO), I0Coin (I0C), Phoenixcoin (PXC), Argentum (ARG), Elacoin (ELC)
**** I know that we could have sold them sooner, and probably for more money, but let’s just assume that our hypothetical FOMO trader was a founding member of the #hodlgang. ;-)
***** Don’t mess with Maui when he’s on a breakaway! You’re welcome. ;-)
Disclosures: I have previous held Litecoin, and currently hold approximately $140 of Ripple. I do not believe this influenced my analysis in any way. I have never bought or held any of the other coins discussed in this analysis.
Edits: Formatting, typos, minor clarifications.
submitted by ThaneduFife to CryptoCurrency [link] [comments]

Wednesday, May 22nd

Today are:

Bitcoin Pizza Day, celebrated mainly by the cryptocurrency community, takes place on the anniversary of the date that cryptocurrency was used to pay for goods for the first time. On May 18, 2010, Laszlo Hanyecz of Florida posted in the bitcointalk.org forum, offering 10,000 bitcoins in exchange for some pizza, saying in part, "I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day." His call was answered, and on May 22, 2010, he posted, "I just want to report that I successfully traded 10,000 bitcoins for pizza." A teenager named Jeremy Sturdivant, who went by "jercos" on the forum, sent Hanyecz two Papa John's pizzas, and received 10,000 bitcoins in return. Sturdivant paid about $25 for the pizza, and the 10,000 bitcoins he received became valued at $41.
The events of the first Bitcoin Pizza Day were monumental because they paved the way for the use of cryptocurrency in the future. Nine months after the transaction, the worth of the bitcoins totaled $10,000, meaning each bitcoin had the value of a dollar. On the five year anniversary, the value of the 10,000 bitcoins had risen to about $2.4 million. At one point in 2017, the value rose to over $100 million. As of September 2018, a bitcoin is valued at about $6,000, meaning the value of the 10,000 bitcoins used to pay for the pizza would be about $60 million.
The history of bitcoin dates to the early 2000s, when attempts were made to create a cryptocurrency, although none were fully developed. In 2008, a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was posted online. The following year, bitcoin became the first cryptocurrency. Its software was made available to the public, and it began being mined. Mining is "the process through which new bitcoins are created and transactions are recorded and verified on the blockchain." With Hanyecz's transaction for goods on the first Bitcoin Pizza Day, bitcoin gained a specific monetary value—up to that point it had only been mined. Rival cryptocurrencies, often known as altcoin, soon emerged. They usually have been created to try to improve an aspect of bitcoin. Early altcoins were Litecoin and Namecoin, and there are now over 1,000.
In 2013, bitcoin's value reached $1,000, but then crashed to about $300. It took a few years to recover. Over time, as it could be spent at more places, bitcoin's popularity continued to grow, as did its value. Time will only tell if the value of bitcoin will continue to rise, but on Bitcoin Pizza Day we can all remember the day the first cryptocurrency transaction for goods took place, and how the value of a transaction for two pizzas once rose to over $100 million.

Canadian Immigrants Day celebrates those who have immigrated to the United States from Canada. Canada is one of the most sparsely populated countries in the world, and most of its inhabitants live within a few hundred miles of its border with the United States. The border is 5,525 miles in length (this includes the border with Alaska) and is the longest border in the world that is not patrolled by military forces. Besides sharing a border, Canada and the United States share many cultural similarities.
Most Canadians immigrate to the United States by getting a green card, which they usually have obtained because they have immediate relatives in the country, or because they are sponsored by an employer there. Canadians migrate to the United States more than they do to any other country. In 1960, about ten percent of the US foreign-born population was Canadian. Although this was down to two percent in 2012, about 800,000 Canadian immigrants lived in the United States at that time.
The first wave of Canadian immigrants arrived in the 1860s; they were largely unskilled and came for factory jobs. A second wave arrived between 1900 and 1930, and were pushed by the discrimination they had faced in employment, education, and because of their religion. Immigration to the United States began to decline after this, as the Canadian economy began to grow after World War II. During the last half of the twentieth century, especially after the passage of the North American Free Trade Agreement in 1994, there was a diversification of Canadian immigrants which included students, those looking to reunite with their families, educated professionals, and retirees with wishes to move to a warmer climate.

Harvey Milk Day honors gay rights activist Harvey Milk and also focuses on stopping discrimination against gays and lesbians. Harvey Milk was born in Long Island, New York, on May 22, 1930. He served in the U.S. Navy during the Korean War, and worked at a Wall Street investment firm for a time afterward, living a closeted gay life at the time. In the early 1960s, his political views were conservative, and he campaigned for Barry Goldwater in 1964. Once he got involved in the New York bohemian theater scene, he began befriending a more avante-garde crowd, and his politics began to shift more progressive. He moved to the San Francisco Bay area in 1969, became involved in the gay social scene, and protested against the Vietnam War. After being fired for participating in an antiwar rally, he returned to New York City in 1970.
After some time working in New York theater, he returned to San Francisco in 1972 and opened a camera shop on Castro Street—the epicenter of the gay community. The following year he ran for a seat on the San Francisco Board of Supervisors for the first time, in part because he thought a tax on small businesses was unfair. He did not win a seat but did manage to finish 10th out of 32 contestants. Afterward, he co-founded the Castro Village Association, which supported gay business owners on Castro Street. He started the Castro Street Fair in 1974, and became known as "Mayor of Castro Street."
He once again lost an election for Board of Supervisors in 1975, and ran for the California State Assembly and was not successful in that bid either. In 1977, he worked to broaden his appeal beyond the gay community, by focusing on taxes, housing, and day-care centers for working mothers. In November 1977, Harvey Milk became the first openly gay person elected to California office, and the first openly gay person elected in a major U.S. city. The rise of Harvey Milk reflected the rise of the gay rights movement across the country, and he was at the forefront of it.
During his tenure in office, Milk pushed for visibility of gay people as well as for social equality. He worked to pass a gay rights ordinance—to ban discrimination in housing, employment, and public accommodations. He spent the summer of 1978 working to defeat Proposition 6—also known as The Briggs Initiative—which would have banned gays and lesbians, or anyone supporting gay rights, from teaching or working in public schools in California. It was defeated at the ballot box that November.
On November 27, 1978, Harvey Milk was assassinated by Dan White, a former Board of Supervisors member, who had resigned a few months earlier and wanted to be reinstated. White first killed San Francisco Mayor George Moscone, and then walked across the building and shot Harvey Milk five times. Dianne Feinstein, who was President of the Board of Supervisors at the time, announced to the press what had taken place. Dan White was convicted of voluntary manslaughter instead of murder, in part because his team used the "Twinkie defense". He was released early and committed suicide in 1985.
Harvey Milk's profile continued to rise after his assassination. In 1982, a biography titled The Mayor of Castro Street was released, bringing Milk's attention to a wider audience. This was followed by an Academy Award-winning documentary, The Times of Harvey Milk, in 1984. Many buildings in California were named after Milk. In 2008, another Academy Award-winning film, Milk, was released. Harvey Milk was posthumously given the Presidential Medal of Freedom by President Obama in 2009. That same year, Harvey Milk Day was established by the California legislature and signed into law by Governor Arnold Schwarzenegger on October 11. California schools commemorate Milk with activities, events, and projects, and equal rights are focused on. The Harvey Milk Foundation organizes events worldwide.

Sherlock Holmes Day celebrates Sherlock Holmes and the author who created him, Arthur Conan Doyle, who was born on today's date in 1859 in Edinburgh, Scotland. At a young age, Doyle became enthralled by stories his mother told him, which was the spark that eventually would lead him to become a writer. He was sent to a Jesuit preparatory school in England at the age of 9. After a few years, he went on to study at Stonyhurst College, and after graduating in 1876, he went on to pursue a medical degree at the University of Edinburgh. There he met Professor Dr. Joseph Bell, who became his mentor, and later became the inspiration and model for Sherlock Holmes.
While in medical school, Doyle wrote the short stories "The Mystery of Sasassa Valley" and "The American's Tale," the latter of which appeared in London Society magazine. He also worked as a ship surgeon on a whaling ship in the Arctic Circle while in school, which inspired him to write Captain of the Pole Star. After becoming a doctor he moved around for a bit, focusing on his practice, but also continued to write. He also left his Catholic faith and became a Spiritualist. Eventually, he gave up being a doctor and focused solely on his writing and his faith.
Sherlock Holmes and his assistant, Watson, were introduced in the novel A Study in Scarlet, which first appeared in Beeton's Christmas Annual in 1887. It was with this novel that Doyle's writing career finally began taking off. Sherlock Holmes, a "consulting detective" who pursued criminals in London, around England, and throughout Europe, has endured as perhaps the most noteworthy detective character of all time. In all, Doyle wrote 60 stories that featured Sherlock Holmes. Some of Doyle's most noteworthy books that include Sherlock Holmes are The Sign of Four, The Adventures of Sherlock Holmes, The Memoirs of Sherlock Holmes, and The Hound of the Baskervilles.
In 1893, Doyle tried to kill off Holmes in the short story "The Final Problem," because he wanted to focus more on his writing on Spiritualism. His readers weren't happy—20,000 readers even canceled their subscriptions to Strand Magazine, a magazine which Sherlock Holmes stories often appeared in. Eventually, Doyle was convinced to bring Holmes back. He reintroduced him in 1901 in the novel The Hound of Baskervilles, and then brought him back to life in the story "The Adventure of the Empty House" in 1903. One of the reasons he decided to bring him back was so he could use the profits from the stories to help fund his missionary work. The final twelve Sherlock Holmes stories appeared in the 1928 compilation titled The Casebook of Sherlock Holmes.
Besides his works featuring Sherlock Holmes, Doyle wrote other books such as Beyond the City, The Stark Munro Letters, and A Duet with an Occasional Chorus, as well as a series of works on Spiritualism. He was diagnosed with Angina Pectoris towards the end of his life. On July 7, 1930, Arthur Conan Doyle died in his garden with one hand to his chest and one hand holding a flower. The stories of Sherlock Holmes have continued to have been read, and Sherlock has also lived on in theater and film adaptations of his stories. Today we celebrate both Sherlock Holmes and the author who created him!


Happy Celebrating
submitted by NotJ3st3r to nationalsomethingday [link] [comments]

Three Laws of BTC Bull and Bear Cycle and Its Applications — Freezing Point Forecast — One

Three Laws of BTC Bull and Bear Cycle and Its Applications — Freezing Point Forecast — One
📷
https://preview.redd.it/ithso6k9w7531.jpg?width=750&format=pjpg&auto=webp&s=e87d53120d9cc645b080c070afc5f9b402d56bf3
TOKEN Roll x FENBUSHI DIGITAL
Analyst: Song Shuangjie
Special Adviser: Shen Bo Rin
Guide:
The fourth price-rising cycle of BTC might commence around May 2019. The mainstream institutions join the game and ETF might be the driving force of the fourth round of price cycle.
Summary:
BTC has undergone three rounds of price cycles. ‘It is different this time’ has always been a terrible lesson for investors. The tokens, typical represented by BTC, are special in nature to other financial products, which makes it easily get mistaken that BTC will go up straightly and never decline. When the cycle power works, the asset price, which was thought to create a different history, will collapse. There are 3 major rules of the BTC price cycle:
A. BTC price cycle is closely related to its halving cycle. A complete BTC price cycle lasts for about four years. The price-rising section will commence one year ahead of the time before the output is halved. The BTC output was halved for the first time at the end of November 2012, and before that the BTC price touched the bottom in November 2011. The BTC output was halved for the second time in July 2016, as the BTC price touched the bottom in August 2015. As you can see, each time BTC output halving, is the start of a price-rising cycle, and the price speeding up begins with it.
B. BTC price fluctuation range decreases as market value increasing. The BTC’s (in circulation) market value varies with its price fluctuations, which means BTC’s price rising makes its market value increases, and the price fluctuation range decreases. It is similar to the historical process of other asset classes. During the first price cycle, the price of BTC rose by 10636 times which was the biggest gain, and the maximum drawdown was declined by 93.76%. During the second price cycle, the price of BTC rose by 623 times, and declined by 83.93% maximum. During the third price cycle, BTC rose by 98.57 times at most, the maximum declining has not been confirmed yet.
C. The innovation led by BTC is constantly evolving and more and more approved by the mainstream. From BTC to Altcoin, from Altcoin to Crowdsale, there are iconic innovations and applications in every price cycle. In the first cycle, the birth and gradual application of BTC was a landmark event. In the second cycle, with the re-emergence of BTC in 2013, the tide of the Altcoins was rampant, and a large number of Altcoins appeared. In the third cycle, Crowdsale began to be popular around the world, and many websites started to provide Crowdsale's news and discussion forum. Since 2017, Crowdsale has dominated the blockchain investment, far exceeding VCs and corporate investment. With the development of blockchain technology, the evolution of digital certification, the improvement of practitioners' awareness, and the evolution of government regulation, the innovation led by BTC has evolved and is more approved by the mainstream.
The third round of the price cycle might come to an end around May 2019, and followed by the fourth round of price cycle. The maximum rise in the BTC's fourth price-rising cycle will be smaller than last three cycles. BTC's increasing market value demands more capital. Digital token shall embrace supervision to absorb more institutional funds. ETF will be a viable solution. In the future, it will shift from Crowdsale to ETF, and from deregulation to embracing supervision.
Risk Tips: ETFs have put capital amount into this market less than that we expected. Quantum computer technology is advancing by leaps and bounds
Content
1 The First Round of Price Cycle .
2 The Second Round of Price Cycle
3 The Third Round of Price Cycle
4 Three Major Rules of BTC Price Cycle
4.1 BTC price cycle is closely related to its halving cycle
4.2 BTC price cycle is closely related to its halving cycle
4.3 BTC-led innovatioized by the mainstream
5 The new journey of BTC will Start in May 2019
List of Graphs
Graph 1: BTC Price Trend in The First Price Cycle (in USD)
Graph 2: BTC price trend in the second round of price cycle (in USD)
Graph 3: The number of tokens in 2013 has increased significantly Graph 4: BTC price trend in the third round of price cycle (in USD)
Graph 5: VIX index and BTC price are negatively correlated
Graph 6: Crowdsale has dominated blockchain investment since 2017 (millions of US dollars)
Graph 7: A large number of Crypto Funds were established in recent years.
Graph 8: ETH price trend (in USD)
Graph 9: ETH price is positively related to the size of Crowdsale financing
Graph 10: Lightning network capacity continues to grow
Graph 11: The number of lightning network channels continues to grow
Graph 12: The global Crowdsale growth rate slows down in 2018 .
Graph 13: Crowdsale’s fundraising has started to decline since 2018 .
Graph 14: Significant growth in venture capital in the blockchain sector in 2018
Graph 15: BTC block reward trend reduction
Graph 16: BTC price cycle and halving mechanism (in USD)
Graph 17: BTC market value scale trend increase
Graph 18: BTC price fluctuations become smaller
Graph 19: Admission to mainstream institutions has continued since the end of 2018
Graph 20: The third round of the price cycle may be completed around May 2019
Graph 21: The current stage of the price cycle has been probable more than half, and the downside space is limited
History doesn't repeat itself, but it does rhyme. --Mark Twain
‘It is different this time’ has always been a terrible lesson for investors. The tokens, typical represented by BTC, are special in nature to other financial products, which results in producing an idea, in some investors’ mind, that the price of BTC will go up straightly and never decline. When the cycle power works, the asset price, which was thought to create a different history, will collapse. No matter it is the A-share market of 2007 or the one of 2015, or any ‘bubble time’ in human history, the cycle power played its role. As far as BTC is concerned, its price has also experienced three rounds of cycles.
In addition, when the asset price is in a dark period of continuous decline and weak rebound, the power of the cycle also works. As long as it is a valuable asset, its price will eventually bounce back from the bottom. Opportunities have always been there, if you have an asset with high potential in hand. In the dark moments before dawn, the more you are afraid, the more you will be confused. At this time, you have to believe in the value investing. ‘Be fearful when others are greedy and be greedy when others are fearful’, not the other way around. That means, we shall invest reversely, buying undervalued assets gradually in the bottom region of price decline cycle; selling overvalued assets gradually in the top region of price-rising cycle; and following the trend in other time region of the cycle.
1 The First Round of Price Cycle
The first round of BTC price cycle lasted for 610 days, from March 2010 to November 2011, and in this cycle, BTC price rise rate was the highest of BTCs three price cycles.
The price rise stage of the first round of price cycle, from March 2010 to June 2011, lasted for 447 days. The starting price was 0.003 USD/piece, and the highest price was 31.91 USD/piece, the rise rate reached 10,636 times. The price decline section of the first round of price cycle, from June 2011 to November 2011, lasted for 163 days. In this price decline section, the starting price of BTC was $31.91 per piece, and the lowest price was $1.99 per piece. The decline rate was 94%.
On May 22, 2010, the famous BTC Pizza dealt. Laszlo Hanyecz from Jacksonville, FL, bought two pizzas with 10,000 BTCs. Each price ofBTC is less than 0.01US dollars.
In the first round of the price cycle, there is no explicit positive or negative factors causing BTC's price huge fluctuation. Fluctuations are more like in a “natural” situation. Before the first BTC bubble bursted in November 2011, its price was in a trend of increasing. The reason of rise was that the price base of BTC was very low. With the understanding of BTC gradually getting better, the demand increased, and then, the price rose. For example, June 2011, WikiLeaks and some organizations began accepting BTC donations.
https://preview.redd.it/ol9mlz0kw7531.png?width=688&format=png&auto=webp&s=7f76ac24ef02d785f56c8a770be745cfeddbb1e7
2 The Second Round of Price Cycle
The second round of BTC price cycle lasted for 1377 days, from November 2011 to August 2015, and in this cycle, the price of BTC exceeded gold for the first time.
The price rise stage of the second round of price cycle, from November 2011 to November 2013, lasted for 743 days. The starting price was $1.99 USD/piece, and the highest price was 1,242 USD/piece, the rise rate reached 623 times. The price decline section of the second round of price cycle. From November 2013 to August 2015, lasted for 634 days. In this price decline stage, the starting price of BTC was 1,242 USD per piece, and the lowest price was 199.57 USD per piece. The decline rate was 84%.
At the second price cycle, the range of application of BTC has been greatly expanded. In November 2012, WordPress began to accept BTC; and in October 2013, the world's first BTC ATM was deployed in a coffee shop in Vancouver where customers could buy and sell BTC. In November 2013, the University of Nicosia announced accepting BTC for tuition, the university's chief financial officer called it "gold of tomorrow"; In addition to some underground economy and gray economy began to accept BTC, BTC is also getting closer to daily life.
The success of BTC popularized altcoins. The first type of altcoin LTC (Litecoin) was created in October 2011, and it is the time when the BTC price came to the end of price decline. In 2011, Namecoin and SwiftCoin were born successively. In 2012, Bytecoin and Peercoin were issued, however, BTC was still in the stage of rising slowly from the bottom, and the market was not hot. Along with the re-emergence of BTC in 2013, the tide of the altcoins is rampant, and a large number of altcoins are issued. According to CoinMarketCap data, there were 66 kinds of altcoins at the end of 2013, while there were less than 10 at the beginning of the year.
The safe-haven properties of BTC are widely approved. BTC was a choice for people in many countries that are in crises. The residents flocked to BTC, hoping to maintain assets value through BTC. This phenomenon has occurred many times during the European debt crisis. For example, in early 2013, in order to get the bailout, the Cyprus government imposed taxes on deposits and imposed strict capital controls. In order to prevent property from shrinking, the Cypriot people rushed to bank runs and exchanged their currencies for BTC. The price of BTC quickly rose from 30 something to 265 US dollars.

https://preview.redd.it/slw2443lw7531.png?width=684&format=png&auto=webp&s=33181be556dbfc3a3f0e78e5c6a7674801787951
Due to the lack of supervision, BTC is often affected by negative events, which makes the market confidence in the danger of collapsing. In October 2013, the FBI seized approximately 26,000 BTCs from the Silk Road website, causing the BTC price to collapse to 110 US dollars. On December 5, 2013, the People's Bank of China banned the use of BTC by Chinese financial institutions, which made the price of BTC declined. In February 2014, Mt. Gox, the largest BTC exchange at the time, said that 850,000 BTCs of its customers were stolen, worth nearly 500 million US dollars, and BTC prices fell nearly half, from 867 to 439 US dollars.
The emergence of a large number of altcoins caused market bleeding. Since 2014, the number of altcoins has exploded. By August 2015, the number has reached 556, resulting in diversion of funds and market expansion. On May 1, 2013, BTC accounted for 94.29% of the market value of all tokens, and the market value of other tokens except the top 10 tokens was about 1%. By August 25, 2015, the proportion of BTC is about 83%, and the other tokens account for 4%, which is obvious.
No matter how magical token is, it is still a kind of asset. The mean return of value is a basic common sense of investment. The value will pull the price back to it, just like the gravity. The risk increases with the price rises, and the value appears when the price declines. In the rising section of this cycle, the price of BTC rose by 623 times, which is a great rise rate. When the price is too high, and the potential return in the future is insufficient, the attractiveness to new investors will fall, and the old investors will leave and look for more lucrative assets. Once the power of trend investors exhausted, the trend will reverse.
3 The Third Round of Price Cycle
The third round of price cycle of BTC is not over and is currently in the downward phase of the cycle. The price increased from August 2015 and lasted for 845 days till December 2017. The starting price of the price-rising cycle BTC was 199.57 USD/piece, and the highest price was close to 20,000 USD/piece. The rise rate is up to 99 times. Since December 2017, the price started to decline. The price has fallen to the lowest 3,191.30 US dollars up to now, a drop of 84%.
BTC networks expanded rapidly, and BTC has gained increasing recognition among legislators and traditional financial companies. Studies have shown that by November 2013, the commercialization of BTC is no longer driven by the underground economy, but by legitimate businesses. During this price cycle, people from more countries can get in touch with, select, trade and use BTC on a daily basis. In January 2016, Bitcoin computing capacity reached 1 exahash/S for the first time; In March 2016, the Japanese cabinet acknowledged that BTC has a function similar to real money. In 2017, Norway's largest online bank Skandiabanken integrated BTC accounts. In December 2017, Chicago Mercantile Exchange (CME) officially launched BTC futures, which is an important step for BTC to take toward mainstream investment. In October 2018, Fidelity launched its independent subsidiary Fidelity Digital Asset Services to provide digital asset services to institutional customers. In December 2018, the first round of financing was completed by the token exchange Bakkt launched by the Intercontinental Exchange. In February 2019, Nasdaq officially launched - Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX)- two indexes. The pension fund of US invests in the encryption fund, the mainstream organization is accelerating, and the relevant infrastructure is gradually improved.
BTC has become a risky asset. Under the current “three lows” environment - low interest rates, low spreads and low volatility, investors are seeking high returns, which leads to excessive financial risk behaviors and complacency, investors' risk appetite, and high leverage tools and the acceptance of high-risk products has increased, arbitrage transactions have prevailed, liquidity mismatches have been severe, and the overall market is fragile. As the results we can see that, the price of BTC is increasingly correlated with the VIX index (Chicago Options Exchange Volatility Index). A lower VIX index indicates that investors expect less volatility, while a higher VIX indicates higher expected volatility. The lower VIX index indicates that investors are optimistic about S&P 500, while the higher VIX means that investors are uncertain about the market outlook. When market volatility declines, investors buy stocks and other types of risk assets, when the market volatility rises, investors sell risky assets.
Risk assets will be dumped when risk appetite reduces panic market. BTC bid farewell to the nature of safe-haven assets and become a risky asset. Since December 2017, with the decline of the VIX index, the price of BTC rises, and the price of BTC is negatively correlated with the VIX index. At the beginning of 2018, the VIX index skyrocketed and BTC fell rapidly. In October 2018, the global market risk aversion trend increased, the VIX index went up, and the BTC price also fell sharply.

https://preview.redd.it/49ld77xlw7531.png?width=664&format=png&auto=webp&s=af5b7ff492fe7e8253640f9e6df7820a10c59f52
Crowdsale has become the main financing method in the blockchain field. Crowdsale was born in the second round of the price cycle, Mastercoin did the world's first Crowdsale in July 2013. In 2014, Ethereum also raised funds through Crowdsale, when the price of ETH was less than 0.22 USD per piece. After 2016, when it is in the third price cycle, Crowdsale is popular around the world, and many websites began to provide information and discussion communities for Crowdsale. From a global perspective, Crowdsale has dominated the blockchain investment since 2017, far exceeding VCs and corporate investment. In 2017, Crowdsale raised 7.4 billion US dollars, and in the first half of 2018, Crowdsale Raised 12 billion US dollars.
The Crypto Fund emerged. Along with the Crowdsale boom, a large number of Crypto Funds were created. The number of Crypto Funds newly established in 2017 was nearly 200, far exceeding the total amount of the Crypto funds created in previous years, which fully demonstrated that, with the rise in the price of the token, the enthusiasm of funds to blockchain field is high.

https://preview.redd.it/31badgpmw7531.png?width=659&format=png&auto=webp&s=3e7bdf4dbf07b83d405298aa57424e2b61b5d84a
The rise of blockchain 2.0, the Crowdsale tide pushed ETH up nearly 10,000 times. In the third round of the BTC (Token) price cycle, the biggest star is not BTC, but ETH. Crowdsale after 2016, issued tokens mainly through Ethereum, which represented the rise of ETH in the blockchain 2.0 era. Crowdsale prosperity boosted the rise of ETH. On January 13, 2018, the price of ETH rose to a peak of 1,432.88 US dollars per piece, which is 6512 times rise rate comparing to its initial price.
The ETH price has a significant positive correlation with the growth rate of Crowdsale financing. The growth rate of Crowdsale financing decreased by 69.23% in 2015, the price of ETH decreased by 66.30% in the same year. In 2016, the growth rate of Crowdsale financing increased by 2737.5%, and ETH increased by 753.74%. In 2017, the growth rate of Crowdsale financing increased by 3,159.91%, and ETH rose by 8809.91%.

https://preview.redd.it/ssvz3bonw7531.png?width=660&format=png&auto=webp&s=b91b15aaa7fc4333a7bf1b0bca1fb3bf7ac6fc67
Plan for public blockchain performance improvement emerged, and significant progress were made in lightning network. With the popularization of blockchains, the congestion of BTC and other public chains has gradually emerged, and performance has become one of the bottlenecks in the blockchain industry. In 2018, the performance-improvement plan of the public blockchain emerged. Improvements were made to the difference in blockchain logical architecture, including on-chain capacity expansion schemes by improving consensus mechanism and sharing, and off-chain capacity expansion schemes by status channel, sidechain, off-chain computing, and Layer 0 expansion scheme that enhance the scalability of the blockchain by optimizing the underlying data transmission protocol of the blockchain. Since the main net of BTC lightning network goes live, the number and capacity of channels have been increasing. As of March 10, 2019, the capacity has reached 790 BTC, and the number of channels has reached 35,464.

https://preview.redd.it/qfgryviow7531.png?width=660&format=png&auto=webp&s=59f8f45fb4320fcbf1dff1b50925cb9a8bfb9a7a
Note: The Unique channel refers to the channel that is directly connected to the node for the first time, and the Duplicate channel refers to the channel between the nodes that have been connected.
The standardization of the token is promoted. On January 22, 2018, South Korea required all BTC dealers to disclose their identity, thereby prohibiting anonymous trading of BTC. During the first quarter of 2018, Facebook, Google and Twitter prohibited the promotion of Crowdsale, while the US Securities and Exchange Commission investigated a large number of Crowdsale projects, and issued bans to some Crowdsale projects. Regardless of the government's attitude towards the token, it is committed to incorporating the token into the regulatory framework for legal compliance.
The Crowdsale bubble bursted and the magical story is no longer magical. According to incomplete statistics, in 2017, 871 Crowdsale were completed in the world. These projects involved directions as distributed analogous Facebook, twitter, amazon, and next-generation public chain (blockchain 3.0), etc. These projects have raised a large amount of funds, but the actual operating is worrying. The promotion of the project dissipated a large amount of funds, but the actual development progress was far less than expected, resulting in the market's expectation failure and the diversion of funds from the mainstream token. Superimposed the impact of more and more negative news, technical adjustment requirements and market sentiment fluctuation. The market enters a negative cycle, as the decline begins.

https://preview.redd.it/s51gsunpw7531.png?width=677&format=png&auto=webp&s=f3a2e01c57eece54c9d442b141194faec083350a
In 2018, there has been rapid growth in venture capital in the blockchain sector, indicating that venture capital still have good expectations about the application and future prospects of the blockchain. According to Coindesk data, the risk investment in the blockchain sector in 2018 reverse the decline of 2017, year-on-year increase of 257%, and the total amount for the year 2018 reached 3.1 billion US dollars.

https://preview.redd.it/7bujn1fqw7531.png?width=452&format=png&auto=webp&s=5719239aa4f3447b4320ea47dbe88eec766cdcae
BTC peaked first. In terms of time, in the third round of the price cycle, the first to peak is BTC, which reached 19,870.62 USD per piece in December 2017. The peak of ETH happened later than BTC, in January 2018. EOS did not peak until April. The important reason for BTC to peak first is that the amount of funds needed to support the BTC market value scale is the largest. When the market’s ability to carry on is not enough, it is inevitable for the price of BTC to react first.
4 Three Major Rules of BTC Price Cycle
The price cycle of BTC has obvious regularity, and some unchanging factors determine the price fluctuation of BTC.
4.1 BTC price cycle is closely related to its halving cycle
One full BTC price cycle lasts approximately four years. In the first round of price cycles, the measure of time span is not reliable because of the availability of BTC trading prices. The second round of the price cycle lasted for 1,377 days, from November 2011 to August 2015, about four years.
The price-rising cycle of BTC is closely related to its halving period, and the price-rising cycle starts one year before each halving. At the end of November 2012, the first production of BTC was halved, that is, the number of BTC generated by each block was 25, and in November 2011, the price of BTC has bottomed out, and the halving of BTC is one year after the second price-rising cycle. In July 2016, production of BTC was halved the second time, that is, the number of BTC generated by each block was 12.5. In August 2015, BTC had already bottomed out, and BTC's production was reduced again one year after the third price-rising cycle started.

https://preview.redd.it/9529268rw7531.png?width=445&format=png&auto=webp&s=fe1050eefe6d70403ddcdc053bdbccb0bc47818f
BTC output halving blows the horn of each price-rising cycle, and the price speeding up begin. Although it is not BTC output halving that brings the price-rising cycle, but the halving of BTC output significantly reduced the growth rate of BTC supply, speeding up the rise of BTC price and the price-rising cycle. From November 2011 to November 2012, before the halving of BTC output, BTC increased by 6.74 times in one year. From November 2012 to November 2013, BTC price increased by 99.57 times. In the third price-rising cycle, BTC price rose by a maximum of 2.87 times in about 11 months before the production cut. After halving, BTC price rose by a maximum of 29.73 times in about 11 months.

https://preview.redd.it/dft83mprw7531.png?width=687&format=png&auto=webp&s=82014d03eaee7136a6995a1b2df1faa9d22c6a5f
4.2 BTC price cycle is closely related to its halving cycle
The change in the market value scale of BTC (circulation) is mainly caused by its price fluctuations, and has little to do with the changes in the total amount of BTC output. According to CMC data, by April 28, 2013, the total amount of BTC that had been mined was about 11.18 million pieces, which is more than 53% of the total amount of BTC of 21 million pieces. The halving mechanism of BTC also accelerated the marginal decline of BTC total growth rate. Compared with the amount of BTC already mined, the new supply of BTC is very insignificant. In addition, the volatility of BTC prices far exceeds the volatility of BTC's total output, and the market value of BTC fluctuates with its price.
The market value of BTC has increased in trend. Because of the trend of BTC price-rising, the number of BTC total output has also increased in one direction, and the market value of BTC has increased in the long run. According to CMC data, on April 28, 2013, BTC's market value in circulation was only 1.5 billion US dollars. By the peak of the third price-rising cycle, the market value increased to 326.1 billion US dollars, and the current market value also reached 113.8 billion US dollars, increased by 74.87 times.
The price volatility of BTC is gradually getting smaller. With the increasing of BTC market value in trend, the BTC market is becoming more and more mature, more and more accepted by the public, more and more professional organizations are participating, the compliance operation is becoming mainstream, and the BTC price volatility is decreasing. Similar to the historical process of other asset classes, and the same thing is repeated again and again. In the first price cycle, the price of BTC increased by 10636 times, and the fell by 93.76% maximum. In the second price cycle, the price of BTC increased by 623 times, and fell by 83.93% maximum. In the third price cycle, the maximum increase of BTC price was 98.57 times, and the biggest decline has not been confirmed

https://preview.redd.it/kmk5qeesw7531.png?width=674&format=png&auto=webp&s=bf9d8fd61b833c87c3f859a3bf0f4f63b9c0ff88
4.3 BTC-led innovation continues to evolve and is more and more recognized by the mainstream
From BTC to Altcoin, from Altcoin to Crowdsale, there are iconic innovations and applications in every price cycle. In the first cycle, the birth and gradual application of BTC was a landmark event. In the second cycle, with the re-emergence of BTC in 2013, the tide of the Altcoins was rampant, and a large number of Altcoins appeared. In the third cycle, Crowdsale began to be popular around the world, many websites started to provide Crowdsale's news and discussion forum. Since 2017, Crowdsale has dominated the blockchain investment, far exceeding VCs and corporate investment.
The original intention of Nakamoto to create BTC is to establish a more efficient means of trading that can be electronically transferred in a safe, verifiable and non-tamperable form. During the early days of bitcoin and blockchain development, this drove the development of most applications of BTC and blockchain. However, with the development of blockchain technology, the evolution of digital token, the recognition of practitioners, and the evolution of government regulation, the changes led by BTC continue to evolve and gain more mainstream recognition.
More and more countries recognize that the blockchain reflects its unique value in many fields. The government has gradually incorporated digital token into regulation, and mainstream institutions are increasingly recognizing BTC. In 2017, the Chicago Mercantile Exchange (CME) officially launched BTC futures, as BTC took an important step toward mainstream investment, improving the accessibility of BTC to traditional financial institutions. In March 2017, Cameron's Cliveworth and Taylor W. Crawworth brothers attempted to submit an application to the US Securities and Exchange Commission for BTC ETF (transactional open-ended index fund). Although on September 22, 2018, US Securities and Exchange Commission rejected nine BTC ETF applications, the approval of BTC ETF application is a high probability event in the long run. With the continuous improvement of related infrastructure and the gradual maturity of the market, the pace of institutional entry has shown signs of acceleration. Since the end of 2018, news about the organization of encrypted assets by mainstream institutions has continued.

https://preview.redd.it/pf0u2patw7531.png?width=349&format=png&auto=webp&s=eb603172001520e62eee309e8d37df44c4f8bad9
5 The new journey of BTC will Start in May 2019
The fourth price-rising cycle of BTC will start in May 2019, and mainstream institutions will enter the market, while ETF may become the core trend of the fourth round of BTC price cycle.
From the perspective of supply, the third halving of BTC begins around May 21, 2020. The price-rising cycle of BTC is closely related to its halving period. The price-rising cycle starts about one year before halving. From this perspective, the BTC price-rising cycle may be opened around May 2019.

https://preview.redd.it/29dzwhwtw7531.png?width=695&format=png&auto=webp&s=7e69a27442cd093611027fd067cb4bbd784cb2b0
From the time dimension, the complete BTC price cycle lasts for about four years. The third round of the price cycle, which started in August 2015, will be completed around August 2019, and the fourth round of the price cycle of BTC will begin thereafter. Considering that the data in the second round of the price cycle is more reliable, only the second round of price cycle data is used as the measurement standard, the complete price cycle is 1377 days, about 3 years and 9 months, and the third round price cycle may end around May 2019.
Combined with the previous two BTC price cycles, the downturn phase of the current price cycle has been probably more than half, and further downside space is limited. In the first two rounds of the price cycle, the duration of the downlink phase is less than the duration of the uplink phase. The duration of the third phase of the price cycle has been confirmed (845 days), while the duration of the downturn phase has been more than half of the upstream phase (450 days). From the first two rounds of the price cycle, the rapid decline in prices occurred in the early stage of the downtrend phase. The price fluctuations of BTC in the second half of the downturn phase have been significantly reduced. The BTC price declines reached 61% in the first half and 74% in the second round of the price cycle, and the corresponding maximum declines in BTC were 94% and 84% respectively. In the current round of the price cycle, the biggest drop has reached 84%, so take it from now, even if the price is further down, the downside space is already limited.
https://preview.redd.it/kra7vduuw7531.png?width=684&format=png&auto=webp&s=4f1eda32d42a15b4e34ebfa5dbdaee78065ab110
Note: The data of the third round of the price cycle and the total duration are up to March 12, 2019.
From the price dimension, the downside space of the current round of BTC prices is limited, and the maximum increase of BTC's fourth price-rising cycle will become smaller. In the first price cycle, the price of BTC increased by 10636 times, and fell by 93.76% maximum. In the second price cycle, the price of BTC increased by 623 times, and fell by 83.93% maximum. In the third price cycle, the maximum increase of BTC price was 98.57 times, and the biggest decline has not been confirmed. On February 6, 2018, BTC fell to a minimum of 3,191.30 US dollars per piece, drop by 84.07%, has reached the low of second round of price cycle, from the perspective of price adjustment, BTC price downside has been more limited. The maximum increase in the fourth price-rising cycle of BTC will be smaller.
From the perspective of risk, after a year of continuous adjustment, BTC prices have fully fallen, risks have been gradually released, and investor’s risk appetite has risen to create favorable conditions for BTC prices to stabilize. Beginning at the end of December 2018, the VIX index has fallen, and now it has reached 15 or below. The investor's risk appetite has gradually picked up, creating favorable conditions for the BTC price to rise stably.
Last but not least, from the perspective of capital, the mainstream institutions accelerated their entry and many positive signals were released. With the continuous improvement of related infrastructure and the gradual maturity of the market, the pace of institutional entry has shown signs of acceleration. Since 2018, on the one hand, the entry of mainstream institutions can bring incremental funds to the entire market, on the other hand, it also contributes to the formal development of the entire industry.
The value of the BTC's market value in circulation continues to increase, and the digital token embraces regulation. It is expected that the ETF will be the core trend in the fourth price cycle. As the value of the BTC and digital token market increases, their use will be more tied-up to legitimate use than illegal activities. According to the US Drug Enforcement Administration (DEA) data, only 10% of the current BTC transactions is related to illegal activities and 90% is used for legal transactions. BTC's increasingly large market value requires more financial support. Digital token will embrace supervision to absorb more funds, and ETF will be a viable solution. In the future, there is going to be an evolution from Crowdsale to ETF, from regulation to embrace supervision.
Note:
Although in this report, we try to predict the bottom and time of Token, especially BTC, by using time and space cycle, we would like to tell investors that it is very dangerous to invest basing on a specific dot and time. An investment shall base on the assessment of the value of the token.
Here are our suggestions: 1. Do not try to predict the market. Mistakes are liable to happen when you try to predict market harshly. 2. Feel the cycle. Cycle is always there, because of the constant human nature;3. Be with a good Token, which will bring you more chance to win. 4.Keep valuation in mind. The most important thing in value investing is to keep the valuation in mind. If the price is reasonable, everything is getable. The key is the difference between price and value (Absolute valuation method is not available with Token because of its specialty. However, a relative valuation method can be applied. Please refer to Token Toll’s report series).
Notions:
For some reasons, some definition in this report are not very defined, such as: Token, Digital Token, Digital Currency, Currency, Crowdsale, etc.
If you have any questions, be free to call us to discuss with us.

https://preview.redd.it/bjnu2hjvw7531.png?width=698&format=png&auto=webp&s=43df46d8337c63a52b8a7089ed5e24360f3b281d
submitted by Token_Roll to u/Token_Roll [link] [comments]

B4U offers Bitcoin Exchange in Kuala Lumpur

One cannot deny the fact that cryptocurrencies are the new future. The world is a live witness that paper money is losing its value and Digital coins are taking over. In this era where internet is the king everything is going digital be it banking, insurance or Currencies.
B4U offers the Buying, Selling and Exchanging of Cryptocurrencies at Affordable Rates
The business tycoons of the world are the biggest advocates of virtual currencies and they are making sure they are investing in it. Elon Musk has almost verified that paper money is on its last legs and is losing value and the founder of Twitter is making sure he is investing a great deal in digital coins.
The Fascination is real. The charisma is real. Common men, middle class men or elites are in digital currencies grip and it’s almost certain that these currencies are going to be the talk of town for a very long time. There are many types of crypto currencies which one can find in the digital market like Bitcoin, Ethereum, Litecoin, Namecoin, Peercoin, Dogecoin, Gridcoin, Primecoin, Bitcoin cash to name a few.
The most famous among them are Bitcoin (BTC) they have been the talk of town since their inception in 2009. It’s creator Sotoshi Nakamoto has an ambiguous identity but the coins are very famous. They have gripped the entire nation since their inception and they are soaring high with every passing day.

Save money in the Exchange of Bitcoin at Kuala Lumpur

The value of one BTC is $3,980 but the local exchange will sell you BTC in a much higher price and in case you have few BTC with you and you want to swap them with your local currency which is Ringgit the local exchange will charge you for it via taxes so what’s the way out? You have some digital coins in your pocket and you want to trade them for local currency but what about taxes? How can one evade them? Well there definitely is a way out and that way out is offered by the reputed B4U. They have the Bitcoins ATM machine installed and from there you can business your virtual currency without concerning yourself about taxes. You won’t have to pay much and your BTC will be exchanged too.

B4U offer the best deals for the exchange of Bitcoin in Kuala Lumpur

B4U is reputed to have executed hundreds of successful deals in the buying, selling and exchanging of digital currencies. If you want to buy BTC or any other digital currency that option is available here. If you want to sell or swap your virtual currencies that option too is available here. We have the best deals available for our valued customers and we don’t charge them much. With B4U it’s very easy to be the owner of Digital coins and if you want to disown your coins it’s OK B4U will exchange them in your local currency as well.
The best place to get your BTC Exchanged in Kuala Lumpur
We are well aware what happen in exchanges. When we get to them to buy, sell or exchange our digital coins or tokens they charge us the heavy fee and not just the fee they try to invade a lot in our privacy. These are just some issues, there is one other problem at local BTC exchanges and that is mostly they don’t give us the option of having our crypto currency changed into local Currency but you don’t need to fret. We know of a place where the BTC can be exchanged into Local ringgit without much tax. This place is B4U and we have what you want.
B4U will give you Ringgits for your coins without bothering your with the unnecessary taxes

Exchange your virtual currencies into local currencies

The best thing about B4U is if you have Bitcoins or any other virtual currency in your wallet that can be exchanged into all the other currencies. If you are in need of dollars we can give them to you in barter of your crypto. If you need pounds, rupees or any other currency B4U has that option available and you can avail that by trading your crypto with us. We have vowed to make it all easy for our valued customers so if you want the best deals in virtual currencies you can have them from us.

A Golden chance for investors! Invest in virtual currencies

Things are changing rapidly in today’s era. Things which were the sensation a year ago have been replaced with newer addictions. It seems like yesterday when Facebook was the sensation in social media but now things have changed since Instagram has taken everyone in its grip.
Paper money was once a great deal. We have lived with it all our lives but since the inception of internet things have changed, now its the era of crypto. Cryptocurrency are taking everyone into its storm and it is visibly taking over the paper money. First credit cards mocked the value of paper money now its the crypto. Virtual currencies are the sensation because of one more thing, there is a chance of profit in it. For instance if you buy one bitcoin for now you will get it in $3,980 but months later its value will double or even triple so in case you intend to sell your cryptocurrencies after few months you will earn a huge profit out of it.
There is a reason why the world is going gaga after digital coins, they create the chance of earning huge profit out of them. Bitcoins and Ethereum are clearly taking the lead. Back then when they came into the market they were cheap but now you can’t have them unless you have enough cash with you. You shouldn’t buy the crypto just because everyone else is buying it, you should buy it because they can generate the revenue for you. B4U has the best deals available and if you want to make a profit in cryptocurrencies it’s the right place to come to in Kuala Lumpur, Malaysia.

The ATM Machine will save you a lot of Trouble

Local Exchange are everywhere in Malaysia. The buying, selling and exchanging of crypto currencies are possible at a lot of places but there is a place which has an edge over other exchanges. This place is the ATM machine in B4U.
With the availability of ATM machine in Kuala Lumpur it’s a lot easier for the people of Malaysia to have crypto in their access. While the local exchanges will charge you the heavy fee in the buying and selling of virtual currencies the ATM won’t charge you much. You can have your desired coins from the machine after inserting cash. The machine won’t invade your privacy and the method is pretty quick as well. You get a receipt 20 minutes later after inserting your cash.
In the exchanges usually there is so intense an interrogation that a customer feels offended but when you know that you have all the keys in your own hand that you will just have to fill up some of your info with the cash then there is nothing to worry about.
B4U ATM Machine on google map
Customers like the things which are easy to operate and the ATM machine installed in B4U can be operated by a layman as well.
As we all know it’s the era of digital currencies. Only that one is successful in this age who is investing in the right place. So invest in crypto because it promises a great future.
More Articles about B4U ATM Machine

Conclusion

B4U offers the buying, selling and exchanging of cryptocurrencies at affordable rates. The ATM machine installed in B4U can be used to buy, sell and exchange the virtual currencies. Be in touch with us and secure yourself a great deal.

Address

335A Melawati Urban 1 Lorong Serawak, 53100 Kuala Lumpur, Malaysia

Timings

Monday to Friday
10:00 am to 6:00 pm
Saturday and Sunday is closed.
submitted by B4U_Wallet_Exchange to btc [link] [comments]

It's time for r/bitcoin to die

There will never be consensus. There will never be consensus. There will never be consensus.
If history has taught us one thing it is that there will never be consensus. A group of people didn't want to pay taxes so they founded a WHOLE NEW COUNTRY! Then those same people years later could not agree on "labor laws." One group wanted to continue to enslave people, the other group wanted freedom for all people. That SPLIT that whole "new" country. Now just about every country is fragmented into dozens of groups. Meat eaters. Non meat eaters. Socialists vs Capitalists. And now there is a political group founded on the fact that they don't get enough pu**y. No...I'm not making this up.
There will never be consensus.
Bitcoin was supposed to be the thing that united us all. The world NEEDED an alternative to banks. And the creators of bitcoin succeeded in that. The blockchain was born. What an accomplishment. It is a technological marvel that can solve so many problems.
The problem is, humans got in the way.
Perhaps being there in the beginning and watching the bitcoin community grow made them BTC maximalists. In the beginning, there WAS only one coin. True bitcoin people did not pay litecoin, or namecoin any attention. (I did invest in peercoin though) I remember when litecoin was $4 and I bought ZERO of that coin because I didn't think it had a purpose. Today my opinion of litecoin is the same...but I'm not going to create a subreddit called allltcholderssuck
I am a big enough person to allow someone to have their own opinion without it imposing on my beliefs. But with bitcoin - which is probably the first subreddit a new crypto wannabe would go to, this is not the case.
If you've never been on bitcoin I can sum up every thread like this. ALL NON BTC COINS ARE TRASH. ALL PEOPLE WHO BELIEVE IN ANY OTHER COIN ARE STUPID. ROGER VER IS TRASH. ALL HAIL Bitcoin!
Did I miss anything? (nope that sums it up right there).
Any opinion, any new idea, any suggestion is met with a digital beating and a ban. Can we increase the block size? BAN. Is BTC harmful to the environment? BAN. Will BTC ever have smart contracts? BAN. At one point even Ethereum was a bad word.
Why does this matter to you??
Because now, the community that built itself around inclusion and democracy, and the "we hate banks" motto has been fractured. And most of the hate is coming from bitcoin. Now we have people who were in Bitcoin when bitcoin was $300, that don't own any bitcoin! (like me) Not because we don't believe in bitcoin, but because we don't believe in the people behind bitcoin. And this ANTI-bitcoin attitude is growing.
Every coin or token that comes out in hopes to improve the blockchain is a vote against bitcoin. They are saying "we don't believe BTC is enough"
Rather than try to learn from these people, and improve the technology, bitcoin shuts itself off to the rest of the world, and continues to shout BITCOIN ONLY from inside their digital barricades.
Make no mistake THIS is the reason the market is down. Network congestion, led to high fees, led to people selling, led to understanding more about the people behind bitcoin, led to a dislike of the bitcoin maximalist community, led to moving money to other projects.
Its not charts. Its not whales. It is people saying "I want nothing to do with bitcoin." As long as bitcoin continues to spew this nonsense, it WILL be a drag on the entire community. New people (which is the life of any business) will come in - see the hatred - and take their money with them. Whales, will simply invest in other projects. Bitcoin will continue to fall, and unfortunately the entire crypto market will fall with it.
As long as people have a Bitcoin first mentality the crypto market will fall. We have to move towards an inclusive crypto mentality. Any project that actually adds value to the community should be given the opportunity to stand on its own merits. And its not just bitcoin, other coins have also developed this (insert coin here) only mentality.
This is not a zero sum game. Having various options is the definition of democracy. bitcoin mods are literally the hitlers of the crypto world. Spewing hatred, and totalitarianism will get you nowhere...eventually.
It's time for bitcoin to die
submitted by truffledust to CryptoCurrency [link] [comments]

Litecoin + Dogecoin + Lightning Network = Yes

In the same way that atomic swaps between Bitcoin and Litecoin would be amazing, I see an even better opportunity to test it out in the short term: between Litecoin and Dogecoin.
These two coins have existed for quite a while in a mutually beneficial relationship. Dogecoin is basically our version of Namecoin, piggybacking on the Litecoin network for enough hash rate to remain secure from malicious attacks. However, Dogecoin's long running problem is that it is mainly seen as a joke, or at the very best a type of "crypto training wheels". However, the fact that it is similar to Litecoin and has a negligible market value by comparison makes it a great candidate for Lightning Network field testing.
So what would Litecoin get out of this deal? Well, aside from furthering the technology, the Dogecoin community possesses a level of free marketing that quite frankly blows Litecoin out of the water. More people have heard of Dogecoin as a "joke coin" than have even heard of Litecoin.
Most of us probably feel like Litecoin is the be-all-end-all of cryptocurrencies as a payment method, but Litecoin's grass roots origins means it has never had a real full-time marketing team.
If there was a dual coin wallet with integrated LN/AS technology, that would do heaps for both coins' adoption. It could effectively bring all of the Dogecoin community into Litecoin, and vice versa.
In my opinion, Dogecoin would be getting the better end of this deal as Litecoin is currently more widely accepted. Dogecoin would effectively be able to send payment to any company that accepts Litecoin and vice versa. But really, the major accomplishment would be showing off a proof of concept to Bitcoin's skeptical isolationist community.
Demonstrating that coins can work together instead of only competing with each other would set a great precedent among all crypto-currencies. Perhaps more importantly, it would show the last Bitcoin Segwit holdouts that there is nothing to fear.
submitted by Gristledorf to litecoin [link] [comments]

"Code is Law": Comedy Gold Survey on Ethereum

Survey ID: 00001 Coin: Ethereum Client: Tyler Durden

Executive summary:

Ethereum is almost certainly the number 2 coin in comedy gold. It will likely surpass Bitcoin in comedy gold long before it passes it in market cap. Thanks in large part to a spam-based marketing campaign on Reddit, it also has a dedicated base of critics.
After its IPO, it was known as “Inthereum” for a while, infinitely powerful of course, as vaporware can do anything. It had a major version release, then another. Finally, a major smart contract, in terms of valuation, came along: The DAO. Not to be confused with other DAOs, before and after. The DAO was the biggest. It was going to be the best; it already was the best! Euphoria was off the charts.
Until just a few months in, a bug was found. And the killer app became the flash point. What could they do? Well, hard fork and give the money back, of course! And so they did.
“Code is Law”; but this is actually good for Ethereum because “[a]lthough some do question the analogy ‘code is law’. I do not. We just found out that we have a supreme court, the community!” [1]
After the D'OH, Ethereum struggles to top its ATH comedy gold, but there is still a bright future for popcorn and comedy gold from Ethereum.

5 Largest Veins of Comedy Gold

Here are the largest comedy gold veins in Ethereum in potential reserves in our estimation in approximately descending order:
  • Cultlike euphoria - Now, this can certainly be said to be common to almost all cryptocurrencies. But Ethereum seems special here, even more than Bitcoin's community. There is a real belief here that this coin is going to change the world. This helps play into a "this is very good for Ethereum" mindset, wherein even the D'OH fork was a great success!
There is no greater terror than a fiend on ether.
  • Vitalik Buterin - The best name in cryptocurrency! Young genius central to Ethereum and almost universally seen as the most important leader in the project. In our view, his endorsement and leadership during the D'OH fork led to that route being taken. That is, we believe if he had opposed it from the start, he may have been able to prevent it or at least have led to what is now called ETC being the dominant of the two.
And so in our view, Mr. Buterin runs a billion dollar cryptocurrency right now. He and his team seem to have done reasonably well so far; it seems likely they'll continue to thrive. To the best of my knowledge, confirmed on /ethereum, there hasn't been a drug market implemented in Ethereum or trading with ETH so far. But while it seems like a terrible idea, because of the lack of privacy and proven mutability of contracts, it seems like eventually there's going to be a major drug market accepting ETH just because it has such a high value. And, they point out, monero and zcoin’s core privacy feature will apparently be available on ETH after this next fork, so look forward to anonymous ETH fueling drug markets!
And then the interesting question will be raised of how Chief Justice Buterin will rule on the case, whether it is worthy of an intervention or not. If not a drug market, then another buggy and hacked contract. Or a hacked exchange, and the question of whether to make it or its users whole, or "let the hacker win".
  • DAOs - From the beginning, it was proposed that Ethereum itself and its reserve fund would be turned into a DAO. How exactly this was going to happen would be figured out later of course. There was an initial estimate of 2016 for the transition.
Of course, in 2016, The DAO and the D'OH happened. I'm not aware of a current further push to put all of ETH's future funding into a DAO. But I'm sure the topic will resurface. And it will be hilarious on so many levels. The DAO actually collapsed too soon for peak comedy gold extraction. It had been predicted that there would be no consensus on any proposals and that nothing would be funded, and that there would be gold from that. But it was just a few months in when the bug was found. And while the D'OH fork was certainly a rich vein of comedy gold, it wasn't as rich as what the DAO could have been if it had floundered around for a year or so before the hack.
Surprisingly, there's actually a running, apparently working DAO on ETH that was started even before The DAO: digixDAO. If it keeps on running, it will continue to be hilarious as other DAOs fail to learn from it. If it fails, there's all the more hilarity for Ethereum, making it the platform where anything complicated enough to look like an original use case will break. The very existence of digix is proof-of-comedy-gold.
  • Immutability - The whole central notion of immutability is going to be a recurring question for Ethereum after the D'OH. While there was a lot of sentiment of "just this once and never again" at the time, there will someday be another major issue, and the precedent will mean that at least a major debate among the community will be had. Ethereum is "mostly immutable". Bitcoin is far better protected here, because while it's true they've hard forked to fix a bug before, that was years ago and the community is far more fractured now. Ethereum has a demonstrated capacity to do both routine and controversial hard forks. This strength is also a challenge, as it will invite constant legal and ethical questions about when it's appropriate to modify the chain itself with a fork: that is, rolling back some or all transactions after major bugs, thefts, frauds, and so forth.
  • Concentration of funds - This one I'm just guessing at. Although rich lists do exist, obviously one entity like an exchange could pool funds in an address without one person owning that much, or one person could splits their coins among many accounts. But it gives a rough guide. In Bitcoin, the top 113 addresses, having more than 10,000 BTC, in total are 17.46% of the current supply [ 2 ]. And in Ethereum, it's true that the top two accounts are marked as exchange accounts [ 3 ]. Still, having lots of funds concentrated in a single exchange wallet seems to still have some potential for comedy gold. In Ethereum, the top 50 addresses have more than double the proportion of the top 113 in Bitcoin, a bit over 40% of the current supply. My guess would be there are still a lot of people who invested heavily in the initial ICO who have held onto a significant portion of their initial ETH. While some of these top addresses are exchanges, I think there are probably many individuals represented in here as well, and every one of them is a multimillionaire from this account alone.
Of course, so far, because ETH is still smaller than BTC in overall market cap, these top addresses aren't as huge as the top addresses in Bitcoin in current market value. But if ETH were to overtake BTC's current position with a relatively unchanged distribution, there would be some real comedy gold coming off this factor. Cribs could have a spin-off Ethereum series.
This concentration was a part of making The D'OH what it was in my view as well: in Bitcoin, there would never have been so much of the coin tied up in one particular venture, at least not now. But in Ethereum, this concentration and groupthink can combine to hilarious effect.

A Brief History of Comedy Gold in Ethereum:

“Laws, like sausages, cease to inspire respect in proportion as we know how they are made” - John Godfrey Saxe
In the beginning, there was an offering. The greatest coin the world had ever seen; step right up and buy it! There was even code; this is no vaporware! Sure, there was more work to be done, but the ICO would fund that work, the founders would get a little, and create a reserve for the future and the rest would be mineable.
There was also some of the most vociferous objections on BCT, declaring that the stake allocated to the founders was too large, pointing to other coins which had done smaller or done without. Arguing against the reserve; arguing against having a presale at all. Some people, of course, completely failing to read the documentation accurately to see what was even being proposed. And an almost complete radio silence from this large team working around the clock on Ethereum.
It took some months from when the initial ANN was made until the sale actually started, but by the time they had their sale, they had perhaps the best documentation at launch to-date. Of course, there were some areas which seemed to lack some detail, like the budgeting, but never mind that, it was finally launching!
Launching the sale, at least. In July and August of 2014, Ether was first sold. It was described as “fuel” for the virtual machine they were going to build [ 4 ].
And then, a year later, Ethereum was released live. By July 2016, it had already had its first major crisis after The DAO was hacked and the D’OH fork introduced in response.
But the fact that Ethereum was ever released, and that it was released so quickly, is truly incredible. There was more than one person who thought that the stated goals of Ethereum were not possible. And, of course, many initial goals and deadlines didn’t happen. But unlike the railbirds on BCT were convinced, the team did not fail nor did it run off with the money. They were given a blank check, and they actually delivered a working product which has been successful so far financially.
Of course, having its flagship smart contract go belly-up quite so quickly after having finally gotten a “killer app” seems rather unfortunate. The oracle problem (the question of how to reliably relate smart contracts to the outside world) seems unresolved, but partial solutions are inevitable and can only serve to make increasingly complex and thus popcorn-loaded contracts possible.
Right now, all seems relatively quiet. But rest assured, there remains plenty of euphoria and gas to drive many more cycles of comedy gold production. Ether huffers need something to throw their ETH at. The more complicated; the better! Given some of the creations that have been made in NXT, for instance, a few more years of creativity on ETH should yield some very complicated and pop-corn rich smart contracts.

Researcher’s Narrative:

I was relaxing in my office, waiting for business. It was a dingy little one-room affair, but it would serve for now. Particularly with no clients. I had poured myself a double shot, and was about to enjoy it, when suddenly the door opened.
A man walked in, familiar somehow although I couldn't place him. I reached out my hand instinctively, and instead of shaking it, he handed me a dollar.
"Hello?"
He pointed at the sign in the window, advertising a promotional one dollar gold survey for the first client. Always astute, I quickly surmised he wished to hire me.
"Of course, sir! What coin would you like?"
"Ethereum."
"Certainly! And may I have your name for the log?"
"Tyler Durdan."
And with that, my newest client left. I downed my double and poured a generous triple to follow it. This was going to be a long day.
Ethereum was the ultimate prize in my line of work. The coin which proved the adage that truth is stranger than fiction; which had proved itself a lucrative source of comedy gold.
And who am I? Guy Noir, private comedy gold surveyor. I've seen things you people wouldn't believe. Premined scamcoins crashing on noname exchanges. I watched popcorn glitter in the dark on forgotten the BCT threads. Popcorn junkies strung out on a high, and I've delivered them more comedy gold, popcorn, salt and butter. There is never enough.
A dark night in a world that never sleeps and knows how to keep its secrets...But on the 12th Floor of the Acme Building, one man is still trying to find the answers to life's persistent questions: Guy Noir, private comedy gold surveyor.
Thank you, Narrator. Now, as I was saying, Ethereum is overloaded with gold. But the core is pretty straightforward:
Ethereum promised "smart contracts". Immutable. Turing-complete. This was what Bitcoin lacked. The bee's knees. Crypto 2.0. What could go wrong?
We'll skip over the "Inthereum" period. Perhaps the vaporware criticism was never fair: from their version, they had Proof-of-Concept code; they went through some iterations and eventually got to release.
Let's note clearly that there was plenty of time to determine some sort of official policy for what to do about a buggy or improperly written contract losing money. In Bitcoin, every hack has been a SFYL event, although it’s true that a bug in the coin itself was hard forked away before. Mt. Gox tried to blame malleability, but there was never a fork to try to recover funds. In Ethereum, immutability was often talked about. So far as I saw in skimming, “what if” scenarios to undo bugs wasn’t brought up front-and-center. Nor was immutability being debated that I saw.
So Ethereum releases. A major contract is launched, The DAO, which gets an astonishing portion of ETH invested. The world's largest crowd sale as they ultimately called it. All the major players in ETH buy into it, including Vitalik Buterin, the creator of Ethereum and the best name in cryptocurrency.
Just as they're starting to get into the comedy gold that The DAO doesn't really have a purpose, a bug is discovered. And just as its leader is assuring everyone that no funds are at risk, the funds start being drained out of the contract by an unknown party.
And suddenly immutable means "immutable unless we screw up on the biggest contract which everyone important has invested in heavily". Ethereum ultimately hard-forks to return investor funds and basically unwind The DAO. After claiming that the bug was in the contract, the coin itself is hard forked to fix the issue. And the first Ethereum clone results, one which simply does not follow the new hard fork.
So the natural question is: when can a contract be changed? In the first page of the Ethereum launch, this question was implied by asking about what would happen if there were an assassination market hosted by a smart contract on Ethereum. Of course, in reality, Ethereum is not really functional enough at present to enforce such a contract, but the question remains in case Ethereum were to actually attain a functioning smart contract platform.
Attempted reference to Tears in rain monologue, credit to Rutger Hauer
Guy Noir and narrator text lovingly stolen from Prairie Home Companion's Guy Noir, by Garrison B. Keillor.

Researcher’s Rant

Filed for psych eval
Twenty pages into the BCT ANN, I believe I have contracted cancer, again. I’m reminded of why I don’t generally go on BCT. As bad as altcoin forums tend to be for their circlejerking, it’s almost better than the, well, there’s really no way to put it other than FUD that inevitably appears in response to anything. Of course, it’s not paid shilling so much as it is willful and vocal ignorance. For all the critiques in that thread, most of them are utter nonsense and simply are misreading the initial information. On the other hand, it’s January 27th in the thread by now, with February 1st and the pre-sale start, and they don’t have their “prospectus” up yet. I also haven’t seen the change in mining rate yet.
Side note: eMunie; wtf? I guess I missed something? Either it’s gone through a namechange or it’s dead, because a quick coinmarketcap search didn’t find anything. A comedy gold mining project for another day.
Great; spoiler alert: fundraiser delayed apparently, so even more cancer to read through in that thread on the way to getting to a prospectus!
The first 44 pages of the thread was summarized thus: “I want to believe. Why are you not speaking to us? Throw me a bone. Just tell me what I want to hear, and I'll gladly throw my money in.” [ 5 ] Would that I had only had to read that quote rather than all 44 pages, and facing many more.
Pages and comments dragged on as I waded through the low-grade popcorn. When would this prospectus be released, so my torment would end? Oh god: a side-thread shows that by the time they get to April, there’s still no prospectus or presale date or estimate of when there may be a date [ 6 ]. It’s time to give up on reading through the cancerous mainthread on BCT and start jumping ahead pages to find the pre-sale and prospectus.
Okay, finally, in July, they release documents and start the sale [ 7 ]. Good enough.
I have mountains of links on my desk. Comedy gold is overflowing, but this is a survey expedition, not a mining operation. But by the time it’s surveyed, there’s always so much gold lined up to mine it gets hard to leave it behind and leave with the samples.
It’s time to hammer out some copy and close this file.
Folks, we hope you’ve enjoyed this descent into madness and comedy gold brought to you by the Comedy Gold Survey Company and our patron Tyler Durden. Do you need more comedy gold in your life? Of course you do! So please donate today; every $1 helps! I’ve added a new special: $5 lets you choose the next coin to be surveyed!
Thanks again to Tyler Durden, and I will now be re-watching Fight Club and questioning my sanity. Cheers y’all!
Resources:
Edit: 3/26/2020: Removed a link to a comment per request from the user.
Footnotes and other links:
submitted by coinaday to Buttcoin [link] [comments]

Bitcoin’s Value Proposition 2020  EASILY EXPLAINED  BEGINNER FRIENDLY  Bitcoin Expert Dan Held Lite Coin Vs. Bitcoin & Digital Currency Future - Bitcoin Gold - Litecoin Silver? My Namecoin Predictions and Thoughts - CoinStar1337 Bitcoin  Ethereum  Litecoin  Dogecoin  Ripple  Monero  Dash  Peercoin  Namecoin Minar Bitcoin - Litecoin - BlackCoin - Namecoin - Dogecoin. (Muchas mas, FACIL)

Bitcoin, Litecoin, Namecoin Average hashrate (hash/s) per day chart Determining which is more profitable, Bitcoin or Litecoin, and taking only the indicators of market capitalization and the dominance index as a basis, we can conclude that Bitcoin is the undisputed leader of the world of cryptocurrencies. At the time of writing (December 24, 2017), the total value of the first digital asset is $ 241 billion. Namecoin is a domain name system based on Bitcoin.It extends Bitcoin to add transactions for registering, updating and transferring names. The idea behind this is to provide an alternative to the existing DNS system where names can be taken from their owners by groups that control the DNS servers. Namecoin (NMC) is a cryptocurrency. Users are able to generate NMC through the process of mining. Namecoin has a current supply of 14,736,400. The last known price of Namecoin is $0.394996 USD and is down -0.38% over the last 24 hours. It is currently trading on 6 active market(s) with $198.37 traded over the last 24 hours. Bitcoin, Litecoin, Namecoin, Dogecoin, Peercoin, Ethereum - price, reward, difficulty, hashrate, market capitalization, block time, blocks count

[index] [10544] [30372] [7924] [18118] [6656] [29] [5413] [20941] [1366] [20686]

Bitcoin’s Value Proposition 2020 EASILY EXPLAINED BEGINNER FRIENDLY Bitcoin Expert Dan Held

The value of cryptocurrencies goes through severe ups and downs. In 2017, the worth of Bitcoin swung in between $900 and $20,000!2 Someone sneezes and the price drops! Buying cryptocurrency is ... bitcoin paypal, bitcoin price gbp, bitcoin price live, bitcoin rate gbp, bitcoin scam, bitcoin server, bitcoin to dollars, bitcoin to usd, bitcoin trade, bitcoin trading, bitcoin trading price ... Bitcoin, the alternative cryptocurrency, is the trendiest answer to 'What's in your wallet?' since, well, a certain credit card. The value of Bitcoins has skyrocketed over the last year, as the ... LITECOIN IS A GREAT STORE OF VALUE?? HOW UNDERVALUED IS LITECOIN FOR THE LONG TERM?? ... HOW TO BUY: Bitcoin, Litecoin, and Ethereum (Step by Step) - Duration: 19:58. Graham Stephan 26,775 views ... This is my price analysis video for Litecoin (LTC) cryptocurrency. Both LTC / USD and LTC / BTC pairs are in accumulation phase. This is a great time to get some litecoin if you are a fan of it.

Flag Counter