Just over one month ago this blog asked if the coming Bitcoin Futures markets meant 10,000.00 Bitcoin? Two months ago this blog asked if a "flash peak" was possible in Bitcoin to 25,000.00 as awareness rose and holders...held instead of selling/trading. And, just yesterday for the second time in the past month...the Cryptocurrency Ripple has moved into (back into really as it has been the #3 for a long time before Bitcoin Cash) #3...and TODAY is poised to move ahead of Ethereum into number two.
So...it's not too big of a question at all to suggest that Ripple could continue it's run...with a MUCH more accessible price to the masses (in a psychological sense) - and overtake the marketcap of Bitcoin....... AND THAT....could have a profound effect on the overall market and the psychology of the market, because if Bitcoin is no longer number one in the "Bitcoin Space"...then the negative attributes of Bitcoin are going to come to the forefront - and more "coins" are going to be included in the MSM discussion....such as on CNBC.
Now...8 bucks USD is only a quadrupling of the current price approximately (something large and silly to suggest in any investment space other than crypto)...and it IS a hill to be climbed - but it's hard to say if it could all happen in just one spurt - or will take a much longer time-frame. Perhaps Ripple will simply bask in being number two and holding off an ETHEREUM pump of some sort.
Finally...since the early days of Crypto...Ripple has been the one coin actively pursuing real business relationships with BANKS..big money personified...let's see this play out. Have any comments? #8dollarripple
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Showing posts with label Ripple. Show all posts
Showing posts with label Ripple. Show all posts
Friday, December 29, 2017
Tuesday, August 30, 2016
The DAO Hack Changes Crypto
Have you had a good summer? I want to thank visitors to this site to continue to visit the archive at the 1000 pageviews a day level ALL SUMMER despite no updates... that is about to change bigtime as we move back into blogging season.
As you can see from today's headline - the 100 million dollar plus `hacking' or `executing the code' of the DAO is obviously the summer lead story; and represents the tarnishing of one of ETH's biggest promises..the smart contract to fund the autonomous development of an idea....the hard fork and the creation of ETC... only highlighted the problems to many.
As you can see from today's headline - the 100 million dollar plus `hacking' or `executing the code' of the DAO is obviously the summer lead story; and represents the tarnishing of one of ETH's biggest promises..the smart contract to fund the autonomous development of an idea....the hard fork and the creation of ETC... only highlighted the problems to many.
The video below is worth the watch:
==========================================================
NEWS - Perhaps
very dire view....probably overstated
the LISK sidechain scores big
the blockchain comes to social media in September?
rival to Steemit?
as more countries seek to replace US Petro Dollars
=================================
The Archive Is Where It Is At BTW
Friday, July 31, 2015
An Impossible Fantasy - The Bitcoin Tulip Gold Rush - BTC At One Million
Readers of Barfstew recently ran across the link (shown below) from the cointelegraph.com about a hedge fund called Wedbush that listed the odds of a BTC price at ONE MILLION dollars by 2016 as ONLY 5,000 to one - they called it the `internet outcome' for BTC's price. Which set my mind into speculation about such a fantasy... and looking ONLY at selected aspects of such an fantasy occurrence.
As a trader of cryptocurrencies for the past 8 months... what do you think would happen to the other 600+ coins listed on the various crypto exchanges if BTC became 1 million dollars each? No one knows of course... but here's my fantasy prediction:.... and it is dependent on the steepness of the rise (remember in this fantasy this happens in the next four months)... with the first spike taking it to 1,000 dollars from the current 300 dollar levelish...lets say the rise happens in just 4 days, such as 400,600,800,1000 and the market cap for BTC triples roughly to the 12 billion dollar level.... what do YOU think would happen to the price level of OTHER crypto coins?
IN MY OPINION... they would CRASH and crash hard... as EVERYONE would be scrabbling to get as much BTC into hand as possible.
One coin after another would have whales selling entire positions into the buyers. Coins that would be worth 1000's of satoshi's before the BTC spike, would be going for FRACTIONS of what they were worth the days before (and these would be the FEW attempting to maintain some value in comparison).... I wouldn't be surprised in a quick rise as described above to see most coins sell for 1/10 their prior value (despite it being only a three fold increase) ...few will be spending the increasing value their BTC to buy the now perceived as `junk coins' at this point.
IMO.
Then, as September approached... the value would again multiply by a factor of 10... to 10,000 per coin - with a market cap now approaching 125 billion for BTC..... more than enough to catch the attention of the stupid that simply follow whatever grabs the interest of the MSM. 1,000 week one, 3,000 week two, 6,000 week three and 10K week four (you a coin holder can feel your adrenaline rising, right) .....however now, ONLY a handful of coins exist in the exchanges anymore with any real value.....that said, that handful of 15 coins also has a marketcap of 12 billion now(meaning their value too would be growing in relation to previous fiat values) .... however, the `cryptocrash' (for all coins not of the elite 16) will affect the others deeply - with the other 580 coins having nearly NO value...perhaps worth a half billion total....before their final crash which is to come. All discussion in the crypto world now is focused on `how many coins are truly needed' - a discussion that will affect every holder of any cryptocurrency.
Because the market flushout is coming in October ... as all shakeouts do.
In October, yet another 10 fold increase, to 100,000 dollars a coin - which would finally attract the world money movers and governments... and consequently, the actual usage of BTC would have been altered significantly towards big players... hedge funds, governments, pension plans.... everyone wanting to get in before the now talked about 1 million dollar possibility... and with BTC at ONLY 100,000 dollars and with a marketcap of over 1 trillion dollars (as much money value as the IMF has in emergency funds) ... it, Bitcoin, has become the only player in town for some kinds of HUGE transactions between governments... fiat values for national coins are now being affected by the value of BTC - and how many holders might have some BTC in any society could determine the richness of the nation or society.... many stories surface in China and America, in their MSM's - about the early traders who are now millionaires...much like the first BTC spike years ago.
TONS of stories about the folks who ONLY had 1 or 2 full BTC's - and are now `rich' - and additional stories about the ones, the few individuals, still hanging onto a piece of a BTC coin hoping for even more.... however, with the price rising to 100K.... NO other coins even trade for BTC anymore on ANY of the EXCHANGES - and a whole second market of crypto begins to develop around the core 15 coins or so.... but the shake out is HARD now that coins NO longer have a value tied to the BTC platform.... even the core coins fall in fiat value from the very inflated figures prior to the cutoff of trading them for BTC.
Finally the Bitcoin Tulip Gold Rush happened in November and December as world markets adjusted to BTC becoming a 1 million dollar product worth a marketcap of 14 Trillion dollars (just about the PERFECT FIT FOR THE WORLD TRADE LEVEL OF 18 TRILLION OR SO).... could this be a goal...? Will BTC be the commodity for WORLD TRADE to end the problem of local currencies fluctuations?
The fantasy ends there as 2016 begins anew.. with a new world TRADE currency established by the money players.... while the banking sector takes a look at Ripple, making it a market leader amid a new crypto market that now looks for functionality - still worth billions more than before the BTC spike only 120 days prior - but billions less than before the cutoff with BTC exchanges. With traders kicking themselves in the butt for NOT hanging onto pieces of BTC as the spike was happening, or trading them for other, now worthless, cryptos on the way up... that soon crashed to zero in comparison to BTC.
=============================================
IMO the big money could create any scenario they wished with the value of BTC... it's wise to have some...even tiny bits.
----------------------------------------------------------------------------------------------------------------------
BUY YOUR FIRST BITCOIN AT COINBASE
===============================================================
I hope you enjoyed today's Bitcoin fantasy... how about spreading it on social media?
Links referred to below:
http://cointelegraph.com/news/114859/investment-firm-wedbush-predicts-400-bitcoin-by-2016-advises-to-buy-gbtc
http://blogs.wsj.com/economics/2014/03/25/everything-you-ever-wanted-to-know-about-washingtons-battle-over-the-imf/
https://www.wto.org/english/news_e/pres14_e/pr721_e.htm
As a trader of cryptocurrencies for the past 8 months... what do you think would happen to the other 600+ coins listed on the various crypto exchanges if BTC became 1 million dollars each? No one knows of course... but here's my fantasy prediction:.... and it is dependent on the steepness of the rise (remember in this fantasy this happens in the next four months)... with the first spike taking it to 1,000 dollars from the current 300 dollar levelish...lets say the rise happens in just 4 days, such as 400,600,800,1000 and the market cap for BTC triples roughly to the 12 billion dollar level.... what do YOU think would happen to the price level of OTHER crypto coins?
IN MY OPINION... they would CRASH and crash hard... as EVERYONE would be scrabbling to get as much BTC into hand as possible.
One coin after another would have whales selling entire positions into the buyers. Coins that would be worth 1000's of satoshi's before the BTC spike, would be going for FRACTIONS of what they were worth the days before (and these would be the FEW attempting to maintain some value in comparison).... I wouldn't be surprised in a quick rise as described above to see most coins sell for 1/10 their prior value (despite it being only a three fold increase) ...few will be spending the increasing value their BTC to buy the now perceived as `junk coins' at this point.
IMO.
Then, as September approached... the value would again multiply by a factor of 10... to 10,000 per coin - with a market cap now approaching 125 billion for BTC..... more than enough to catch the attention of the stupid that simply follow whatever grabs the interest of the MSM. 1,000 week one, 3,000 week two, 6,000 week three and 10K week four (you a coin holder can feel your adrenaline rising, right) .....however now, ONLY a handful of coins exist in the exchanges anymore with any real value.....that said, that handful of 15 coins also has a marketcap of 12 billion now(meaning their value too would be growing in relation to previous fiat values) .... however, the `cryptocrash' (for all coins not of the elite 16) will affect the others deeply - with the other 580 coins having nearly NO value...perhaps worth a half billion total....before their final crash which is to come. All discussion in the crypto world now is focused on `how many coins are truly needed' - a discussion that will affect every holder of any cryptocurrency.
Because the market flushout is coming in October ... as all shakeouts do.
In October, yet another 10 fold increase, to 100,000 dollars a coin - which would finally attract the world money movers and governments... and consequently, the actual usage of BTC would have been altered significantly towards big players... hedge funds, governments, pension plans.... everyone wanting to get in before the now talked about 1 million dollar possibility... and with BTC at ONLY 100,000 dollars and with a marketcap of over 1 trillion dollars (as much money value as the IMF has in emergency funds) ... it, Bitcoin, has become the only player in town for some kinds of HUGE transactions between governments... fiat values for national coins are now being affected by the value of BTC - and how many holders might have some BTC in any society could determine the richness of the nation or society.... many stories surface in China and America, in their MSM's - about the early traders who are now millionaires...much like the first BTC spike years ago.
TONS of stories about the folks who ONLY had 1 or 2 full BTC's - and are now `rich' - and additional stories about the ones, the few individuals, still hanging onto a piece of a BTC coin hoping for even more.... however, with the price rising to 100K.... NO other coins even trade for BTC anymore on ANY of the EXCHANGES - and a whole second market of crypto begins to develop around the core 15 coins or so.... but the shake out is HARD now that coins NO longer have a value tied to the BTC platform.... even the core coins fall in fiat value from the very inflated figures prior to the cutoff of trading them for BTC.
Finally the Bitcoin Tulip Gold Rush happened in November and December as world markets adjusted to BTC becoming a 1 million dollar product worth a marketcap of 14 Trillion dollars (just about the PERFECT FIT FOR THE WORLD TRADE LEVEL OF 18 TRILLION OR SO).... could this be a goal...? Will BTC be the commodity for WORLD TRADE to end the problem of local currencies fluctuations?
The fantasy ends there as 2016 begins anew.. with a new world TRADE currency established by the money players.... while the banking sector takes a look at Ripple, making it a market leader amid a new crypto market that now looks for functionality - still worth billions more than before the BTC spike only 120 days prior - but billions less than before the cutoff with BTC exchanges. With traders kicking themselves in the butt for NOT hanging onto pieces of BTC as the spike was happening, or trading them for other, now worthless, cryptos on the way up... that soon crashed to zero in comparison to BTC.
=============================================
IMO the big money could create any scenario they wished with the value of BTC... it's wise to have some...even tiny bits.
----------------------------------------------------------------------------------------------------------------------
BUY YOUR FIRST BITCOIN AT COINBASE
===============================================================
I hope you enjoyed today's Bitcoin fantasy... how about spreading it on social media?
Links referred to below:
http://cointelegraph.com/news/114859/investment-firm-wedbush-predicts-400-bitcoin-by-2016-advises-to-buy-gbtc
http://blogs.wsj.com/economics/2014/03/25/everything-you-ever-wanted-to-know-about-washingtons-battle-over-the-imf/
https://www.wto.org/english/news_e/pres14_e/pr721_e.htm
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