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Showing posts with the label BTC

Crypto’s Inevitable Crash

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In  their current state, cryptocurrencies are doomed to fail. This isn't an uncommon sentiment either, there are plenty of different crypto blogs that share this opinion. The crypto market is becoming more and more intertwined as well as getting more and more inflated. It’s looking to be a giant bubble that’s bound to pop, and pop soon. One of the many reasons crypto is doomed is the prevalence of Tether throughout all the coins and its fraud. For those of you who don’t know what Tether is, it is a cryptocurrency that is designed to facilitate the use of fiat currencies in a digital manner . Tether tries to achieve this by making the coins price always equivalent to $1. Coins that operate in this fashion call themselves “stablecoins” to show that it is less volatile than bitcoin where the price of a coin can fluctuate thousands of dollars every day. Tether also insures that their coin is backed by the reserves they own, although they use shady language in their FAQ when it comes to

Bitcoin Crash Over, Bitcoin Revolution On

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  Welcome to the Bitcoin Revolution where there is never a dull moment. This story contains my newest crypto market update. From DOGE to BTC, here is where I think we are headed in the short term. You all read the headlines about how Elon Musk, the super villain has been meddling in the crypto markets. He keeps pumping DOGE which is not good for the crypto community. People are attracted to Dogecoin because it has a low price and quick gains. Fundamentally, it is not a secure coin compared to Bitcoin and does not have the network effect. Some idiot bought DOGE will his credit card and made money. This is not a smart idea as he could have lost his entire life savings. If I owed DOGE, I would say to sell it and buy BTC to preserve wealth. My mailman just loaded up on DOGE which makes me think it's done. If you don't see the sucker, you are the sucker. Most alt coins don't stay in the Top 10 for long. Musk also posted on Twitter how he thinks Bitcoin is bad for the environment

Searching for Crypto Analyst and Crypto Researcher Role

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Jared Schlar is actively searching for a role as a Crypto Analyst or Crypto Researcher within a prominent crypto company. Ideal companies for his expertise include Crypto Hedge Fund, Crypto Media Business, Blockchain Startup, or Crypto News Agency. With a background as a Digital Marketing Strategist and the founder of strategies SEO since 2009, Jared Schlar brings valuable experience to the table. He has also demonstrated proficiency in trading Bitcoin and various altcoins/tokens since 2014. As an expert in Peer-to-Peer Lending/DeFi, Jared has made investments in Pre-IPO companies on Republic and the Stock Market. His talent lies in identifying creative solutions in the alternative investment space and capitalizing on opportunities. Jared Schlar holds a Finance Degree from Northeastern University (2009) with honors and has previously worked at esteemed financial institutions like BlackRock, Inc., John Hancock, and RBC. In 2007, Jared Schlar founded the startup YouBux.com, aiming to c

Crypto Market Update 3

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Here is my estimated price target for Bitcoin in the short term ($9,000) - https://www.newsbtc.com/analysis/bitcoin-price-weekly-analysis-btc-usd-could-test-9000/ If you haven’t noticed most cryptos are highly correlated with the movements of Bitcoin right now. So wherever Bitcoin goes, until something changes, I imagine most other cryptos will go. There is an opportunity to margin trade Bitcoin right now. The way it was explained to me is basically, you could buy small cryptos with what is called in equities as high Beta. Or you could just buy a bigger coin with a lower Beta, take on some leverage and goose your returns with lower risk. Keep in mind, margin trading is incredibly risky. This data is thanks to - Sifrdata Some pundits including Tone Vays are still saying that we will be going to $5,000 per Bitcoin before the next full on bull market. Right now, I believe that is false. I think we have a chance to break out and gain some positive momentum right now. I actually heard Tone

Should Traditional Finance Surrender To Bitcoin?

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I used to work in the “Bad Finance” industry. And then I left. Why because in my opinion, traditional finance is deeply unconscious. Firms operate solely for the profit motive. Anything that opposes them is something to be destroyed. At the end of college, I started YouBux.com a personal finance portal for young people to help them make better financial decisions that they will live with for the rest of their lives. Interestingly, the verdict from the startup was that people didn’t care enough to make changes. They weren’t in enough pain to make the switch to a more prudent personal financial plan. If I had known about Bitcoin back then, I probably would have focused on it. Today, the movement against traditional finance or what I would call “Bad Finance” is back in full swing. See traditional finance has caused more problems for humanity than it has solved. It has enriched 1/7th of the world at the expense of 6/7ths. To me that doesn’t seem fair. Luckily, now there is an alternative w

Summer 2018 Crypto Markets: Why This Year Could Be Different

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The cryptocurrency market has come roaring back, and if this trend continues, it looks like BTC could be back on its way to 10k in a matter of weeks— a rising tide that will lift other crypto boats. Many who kept the faith during these bearish past few months have pointed out that the cryptocurrency market follows an annual cycle that goes something like this: Things start off strong in January, followed by a significant correction. Bearish trend remains until late spring, giving way to a smaller bullish uptick, followed by a flattening off in the summer months. Starting in September, prices begin to rise again, culminating in a bull market every year in November and December. There are numerous theories as to why this pattern has repeated in recent years, ranging from family discussions of cryptocurrencies at the Thanksgiving table spurring huge November buy-ins across the US, to the Chinese New Year in late winter/early spring, which is associated with sell-offs across Asia by millio

Crypto Market Update

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In my best estimate, the price of Bitcoin (BTC) is going down in the short term. Some traders online are saying that the BTC price will hit $8000 once again. I’m waiting for more deals to appear before making new moves. Some facts that are true regarding crypto right now are that social media companies are censoring posts related to crypto. As I mentioned in a previous post, some of the 2017 crypto growth is attributed to social media related to crypto. If censorship by major media continues, it will be harder to educate new users about crypto using these channels and onboard them. Another major marketing point which attracts new users is increases in the price of cryptocurrencies as highlighted by the news. If the price does not move up quickly, then this marketing bullet simply does not work. Also, since Coinbase was forced to stop allowing credit card transactions, new gateways and onramps to crypto have slowed down. If you would like to know my opinion on new value drivers for cryp

Insights into Chain Death Spiral and Other Vulnerabilities Plaguing Bitcoin

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Bitcoin (BTC) has been in the limelight lately for all the wrong reasons, including its associated risks and some vulnerabilities it has. A few of the most concerning vulnerabilities and issues that BTC faces are related to: problems with difficulty adjustment, the possibility of a Chain Death Spiral, and the ongoing rise in the mempool. In the following sections, we will explore these issues in greater detail. A Closer Look at Vulnerabilities and Issues Bitcoin is Facing Issue #1: Bitcoin's Vulnerability With Respect to Difficulty Adjustment and the 2016 Blocks Right at the time of the Bitcoin fork, it became clear that Bitcoin’s protocol has an inherent vulnerability. The vulnerability relates to the difficulty adjustment: in the event there is a loss of mining power by the chain, it will have to wait for a total of 2016 blocks to be processed before a difficulty adjustment can take place to bring the block time back to its normal ten minute target. If mining power is not restore

The Future Of Bitcoin, Ethereum & ICOs

This is a great video which discusses the future of Bitcoin, Ethereum and ICOs. The most interesting part is at the 1 hour mark where Craig Wright explains some of the future technology which will exist in Bitcoin Cash or does already. I was super impressed after watching it and suggest you do the same. 1GB blocks are not the end goal. Block size will get bigger and bigger over time. Hard forks will become the norm, not shunned. According to Craig Wright in the video, hard forks occurred all the time in early days of Bitcoin. The way you determine if new changes to the software will work is by testing. In the end, the market will decide which coin to value the highest not influencers. Economics still works as long as the data sources are not corrupt. The video is no longer available. You will be glad you did.   Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original content. Don't miss out—share this pos

Now That Bitcoin Segwit2x Fork Passed

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Now that the Bitcoin Segwit2x fork has passed, Coinbase has unlocked trading of BTC again. There may be some selling off of Bitcoin (BTC). It is unlikely to get (B2X) coins right now according to Coinbase. Bitcoin (BTC) has some problems: BTC - Chain spiral of death. BTC - Severe network congestion. BTC - Civil War with BCH and other contentious groups. Ethereum (ETH) and Bitcoin Cash are looking pretty good right now. Bitcoin Cash (BCH) is currently 25% more profitable to mine then Bitcoin (BTC).   Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original content. Don't miss out—share this post, and thank you for reading!

Segwit2x Fork - Market Protection

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It is my understanding that the Bitcoin Segwit2x (B2X) still has a small probability of happening. This is because a faction of miners still believes in it despite the major market players calling it cancelled. This would enable protection for Bitcoin (BTC) owners who are susceptible to chain spiral of death due to Bitcoin Cash (BCH). Since BTC has no Emergency Difficulty Adjustment, if there is another crazy spike in Bitcoin Cash (BCH), which in my opinion is likely, all buyers of Bitcoin (BTC) after the August 1 Bitcoin Cash (BCH) fork have no protection. This is a big deal because many people new to Bitcoin (BTC) may have invested large sums of money with no understanding that it could go to zero. We will see if this hard fork occurs around tomorrow or not. It is very exciting times to be involved in crypto currencies. It’s probably a good idea to have at least some exposure to Bitcoin Cash (BCH) to ensure that you have some diversification in the event of another black swan. In the

Segwit2X Is Still Go - Complete Wealth Transfer From Legacy Bitcoin To Bitcoin Cash In Progress

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Since Segwit activation on 23 August, the Segwit2X team had endured 2 months of relentless bashing from the small blockers , all the while remaining mostly silent. So what happened between October 26 and November 8? It can't be for the lack of consensus which was the reason given. They already knew there was never going to be consensus. Something unexpected happened, causing them to push the "kill" switch. What was it? The full article is no longer available. Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original content. Don't miss out—share this post, and thank you for reading!

There Are Only Two Cryptos That Matter Right Now by Jared Schlar

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In my opinion after extensive research I have determined that only two crypto coins or tokens matter until after the Segwit hard fork. This article was previously behind a paywall and is now free. In my paid content you can discover my rationale for this including extensive research I conduct daily. This article is paid and I hope it provides a large value to readers with new insights. My background as a Search Engine Optimization (SEO) Analyst helps me understand indicators about the crypto world that are hard to quantify without the same training. #1 Bitcoin #2 Bitcoin Cash When the Bitcoin Cash fork happened people would borrow Bitcoin on margin at crazy interest rates just to get exposure to the fork. There is now and I anticipate more until the BTC fork, a rush to accumulate new BTC to get a sort of dividend after the BTC fork. What the exact split ratio will be, I don’t think anyone is totally sure at this point. The powers that be have a huge incentive to make the fork come out

The Bitcoin Fork Wars by Megawatt

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We are living in amazing times right now. This month of November 2017 is one that will go down in the history of Bitcoin as one of the most controversial, most dramatic, most bloody month in cryptocurrency history. Sometime in mid-November is the Segwit2x fork. This is a fork that increases the block size limit of the once heavily-change-resistant Bitcoin from 1mb to 2mb. It has taken over 9 years for this change to occur and the community is nowhere close to reaching a consensus. Read full article has been deleted. Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original content. Don't miss out—share this post, and thank you for reading!

What are the Main Drivers Behind Positive Bitcoin Cash Movement?

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Bitcoin Cash (BCH aka BCC) has been the focus of discussion for many cryptocurrency experts and there are valid reasons for such inquiry. Bitcoin Cash is experiencing significant growth and moving in the right direction right from when the main Bitcoin blockchain hard forked. Let us go through details of how it is performing and also check the reasons which are fueling such positive movement. Rising Bitcoin Cash Prices Yesterday, there has been over 18% improvement in exchange rate (BCH/USD) from the low to the high, helping Bitcoin Cash attain $550.00 level with a network cap of about $9.1 billion. As such, it has reached the top 3rd position of cryptocurrencies by their network cap. I use network cap rather then market cap because it is not an equity and does not have earnings. What is causing the price rise for Bitcoin Cash? There are several reasons for such a price rise, let us look at them here: The most important reason is that there has been a surge in trading volume taking pla