How The ETHEREUM Price Crash Made Me A Better Crypto Trader

IF you dig into this blog deep enough you can find when I became involved in the Crypto trading area - late 2014. I've been through several exchanges and yes... lost money in Cryptsy like everyone else too... not seeing the handwriting on the chat room wall. That said, it is also easy to see that I've been `pushing' this thing called Ethereum... and had Tether shares of Ether on Bittrex well before it was knee high to a molehill....additionally I was in on all the early trading and more than anything kept holding my Ethereum coins when it became real..... indeed being one of the lucky ones in before the huge rise.... and giving me nearly ALL my profits... as I saw it rise until I had over 1,300.00 fiat in my trading account...90% of it ETH....ETH pushing the .035btc levels ect.... 15 a coin.... and then the decline came.

I already had the `stick with it too long' thing with the Navajo coin in early 2015 - but... nonetheless I stuck with ETH... thinking that it just could take off at any moment..yes the FOMO idea even though I wasn't missing anything as I rode  it all up..... but eventually as my BTC value and fiat value declined - and I started to `short' my ETH - to maintain - I knew it was time to treat my trading BTC as just that... something to trade and not be attached to .... with ETH being the best to trade of course... but now... not trading through rose colored glasses.
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I often feature `Coin Telegragh' Links - thanks for checking them out too.

Iceland's Coin Aurora Coin... Ad's Hit Bus Stops... Common Folk

It's going to take a small nation to blow this thing up IMO

The Things Famous People Say About Bitcoin

Get ready to shake your head

Bitcoin Explained - The Human Blockchain

Get the idea without the tech talk

The Worldwide Network For Buying (and Selling) Bitcoin - AT ATM's

There's more than you think

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More Soon

The BTC Halving Speculation Heats Up

Of course the fear in trading Crypto's is that any large rise in BTC will mean AT LEAST a corresponding drop by other Alts.... (maintaining Fiat value hopefully). Are lower volumes to be expected? And what about the increase from 220 last year to the 430 of today - isn't that the large rise? Read up below on other news stories in the world of the blockchain.
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Winners

Disney..... To Use The Blockchain

here comes the mainstream

Did You Know That YOU Can Be Paid In BTC?

brave new world?

===============

Stew

Will People Become Their Own Banks?

disruptive ideas.... you bet

Is The Bank Of England - Discussing Crypto?

last of the paper money?

Did Presidential Candidate McAfee Suggest That CryptoCurrencies Could End The Fed?

dangerous free speech?

BIG Ideas About BTC Changing Things - Or Not

banking cartels may have their own ideas?

Are Micropayments A Real Business Model?

====================

Barf

Craig Wright..... NOT Satoshi?

where's the miracle?

=============================

when you find Barfstew... you make the blog find of a lifetime... dig into the archive for a very interesting blog.... and thanks for your Bitcoin clicks above.

ETHEREUM CRASHES....ALL ALTS CRASH IN Bloody Sunday Of Red

It was a bloodbath as the Crypto traders got a taste of what inviting the BIG money does when playing the Crypto Currency game of the wild wild west. All that said, here's some of the news lately... 
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The ETHEREUM Price Trends For This Week

Has support been found for a new uptrend?

The BITCOIN Price Trends This Week

Each can be dependent on the other as you know

Alt Coin Analysis For This Week (4/10) - DASH and LTC

other coins too.... does the downward trend continue?

Blockchain News

Will People Become Their OWN Banks?

Can we assume TPTB might have another opinion?

DISNEY To Use The Blockchain?

It's started .... find out how and where

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Other News

The Dream Is For BITCOIN To Take Over The Banking System

could it?

Report Claims Bitcoin Worth Over 600

perhaps a base price after the hardfork?

Will BITCOIN Even Survive 2016

will it continue to be a storehouse of value?

Panama Papers Show Broken System... Could BITCOIN Help?

or... too daring a solution not sought by the powers that be 

Will Wright Prove He Is Satoshi?

he's got 4 days I guess

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Thanks For Your Readership

Crypto Explodes - ETHEREUM Marketcap ($ 1,104,791,536 near peak) Flirts With One Billion

A Lot Has Happened In Crypto Since The Last Post - Dig In

ETHEREUM... the coin we have been following since near it's real beginnings has EXPLODED the perceptions of cryptocurrencies and the blockchain. In just the past 10 weeks.. ETH has increased in value 10X and more... and more is just around the corner for the `new bitcoin'. See and read the many links about ETHEREUM below and how REAL business is the new crypto catalyst.
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Winners
The Watershed Moment Has Arrived

Microsoft Azure Adds New Certified Blockchains
AND
More Of The Same
Adds for Augur, BitShares, Lisk, SYScoin, Slock.it, 
(Slock.it - building the Ethereum Computer)

Just One Method That BitShares Is Applying To The Technology

Update #7 NEW ADDS - Expanse, Radium, Monero - Influx, Tendermint, Algorythmix

Microsoft Certifies Ethereum

the biggest news of all

(from the link)

BlockApps, a startup providing Ethereum blockchain software for enterprises, has become the first certified offering on Microsoft Azure's Blockchain-as-a-Service (BaaS) marketplace.

With its latest post, Microsoft also announced that asset exchange provider AlphaPoint and Internet-of-Things micropayments startup IOTA have joined its Azure BaaS platform.

Launched in October, Microsoft has been steadily adding providers to its blockchain testing environment for enterprises, though BlockApps' Strato platform is the first to gain certification.

Calling the news "a watershed moment", Marley Gray, director of blockchain strategy at Microsoft, said:

"The simple, rapid and flexible one-click deploy of Ethereum blockchain architecture launched on the Microsoft Azure Marketplace enables enterprises and developers to quickly deploy a certified blockchain environment on Azure."

Gray added that he believes the offering will expedite enterprise blockchain development, as it enables enterprises to develop proofs-of-concept (PoCs) and scale to full production systems.

ETHEREUM.ORG

the website

The ETHEREUM PROJECT ON FACEBOOK

for the very latest ETH news

ETHEREUM On Wikipedia

for the short and real history

The ETHEREUM Whitepaper

the Github must read

ETHEREUM PROJECT ON TWITTER

for the instant communications

The Augur Beta Program Is Up
this prediction market will be a winner IMO .... more about Prediction Markets as two OTHER website owners of Prediction Markets interview each other. (This is a YouTube link.) - I also personally play in Spark Profit and Preditit.Org a stockmarket/commodities/btc marketplace and a political prediction market respectively. 

Early Warnings To Buy ETHEREUM
months ago... much like this website

Vitalik Buterin Charts ETHEREUM's Future In Coinbase Meeting
how long before ETH is available via Coinbase? how much more awareness and marketcap?

ETHEREUM Founder Gets Role At Toronto Stock Exchange
the big money does not want to be left out

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Meanwhile... At Bitcoin

Factom And Bitcoin To Secure The Future?

real business deals by Factom - Factom's Very Active Twitter Account and yet More About Factom

Another First - Real Estate Sold Via BTC
happening in Denmark... good details... short article

More About The Upcoming Hard Fork For Bitcoin - And The 5,000 Dollar Bet
that it all works out fine... hmm.

then... less than a week later... this

OR... Is THIS The Hard Fork Solution - Segregated Witness
sounds like a spy novel.... relocating some outside the chain

Another Look At The On-Going Bitcoin Debate

with examples of other `hard forks' that science has delivered

And, while they have removed links to the stories.... for one day... during the ETH surge... they were no longer accepting BTC at the Microsoft store.

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Meanwhile  As Microsoft ..... Gets Into The Blockchain Business

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Speaking Of Real Business

Stellar Coin To Bring Banking To Nigeria Population
it's REAL Business that will be the key to coins and the blockchain - here's another `Underbanked' Story and how the blockchain will be vital for transformation

ETHEREUM Used by Ridesharing Start Up
real business via ETH and `Arcade City'

And Airbnb Is Considering Using The Blockchain Too
quick read... part of the theme you are reading
==================================
(Smart Links)
Other Coins Of Utility To Smart Contracts/Blockchain

Counterparty
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Other Crypto Winners You May Have Missed

How BitWage Works
could this be the movement that finally cripples the Fiat dominance? - the evolution of Payroll is right. More About Bitwage. Crypto is moving into employment big time - Gigs For Crypto - BitHire...

UK Treasury Says Crypto Has LOW Laundering Usage
could limit negative perceptions a bit

Ultimately... Why Criminals Can't Hide Behind Crypto/Bitcoin
not all proven as of yet IMO... but interesting

Tether.To
The way to some Crypto via Fiat
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The Bitcoin/Crypto BARF
One Coin - Much Scam
shit coins and shit developers continue to pepper the industry
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The Bitcoin/Crypto STEW

The Day The MS Store Didn't Take Bitcoin
in some circles called a trial balloon IMO

The Big Visions Of The NEM (New Economy Movement) Coin
new Proof Of Importance concept out to beat BTC

Are Digital Versions Of Fiat Coming?
Australian Central Bank Studies Idea

Billed As A Java Version Of ETHEREUM - LISK
2nd largest ICO ever... and yes... I bought in too.
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Yep...you just read the 40 hottest links in Crypto
Why Not Share Them?
=========================

The Ethereum Sensation II

The surge in marketcap at Ethereum http://coinmarketcap.com/currencies/views/all/ has put it into uncontested 2nd place as we do this posting. Rumors of the marketcap exceeding BTC are not impossible to find (50 dollars a coin)...  and, since a handful of coins are up since the Hearn BTC analysis - are they the ones to inherent the scene? Will the comparison for coins be to ETH's value soon as the ETH fiat market grows too?..... Which all belies... what happens to BTC?
=============================================

The Ethereum Sensation II
Here's the Ethereum Sensation One Link From August 31st, 2015

And, here's all the specific updates

2016 - Predictions... and It's all Ethereum

the cat is out of the bag... it's game on

It's Beyond Businesses Using - Governments Are Getting Interested

how long before weak third world economies do the switch? Is that why Scot Coin is also doing well?

Ethereum Developer Vitalek's List Of Crypto Involvement
the markets guru is Vitalik Buterin, and investing where he puts his time is important

YES - Doge Coin IS Linked To Ethereum (in a way)
and Doge went WAY up in value for realizing the future?

Is Ethereum Going To Power The Internet Of Things?

could the `things' make MONEY?

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Once 100 ETH = 1 BTC... can the direction be anywhere but UP? How low will the ratio go? Will there be TWO value centers?
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More Coin News
Coinbase Announces - First 1 Million Spent By Consumers On Shift BTC Card
so, the answer to where can BTC be spent is ... where ever VISA is accepted.

The 40 TRILLION Dollar Supply Chain
the next market that the blockchain will be disrupting

And Finally
Goodman Sachs Says It's Examining If Capitalism Works
and perhaps, currency fluctuation?
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The Hearn Bitcoin Analysis Shakes Market

It has already been an eventful 2016 in nearly all financial markets as you know... most markets have taken significant hits to marketcap, While BTC Soared In The First Days Of 16...and that includes Cryptocurrencies in general too. But, now, already,  there are significant new patterns too - such as the surge in certain fiat values despite BTC's volatility - and yes... we are speaking about the Ethereum fiat value spike (to 2.22 as of this post) as folks search anew for a new `Bitcoin' - to replace a flawed product as it now stands - perhaps...... I'll let Hearn explain it all via this link and the excerpt below: Hearn Leaves BTC - Selling All His Coins - Trashing The Coin While Exiting (Jan14th)

"From the start, I’ve always said the same thing: Bitcoin is an experiment and like all experiments, it can fail. So don’t invest what you can’t afford to lose. I’ve said this in interviews, on stage at conferences, and over email. So have other well known developers like Gavin Andresen and Jeff Garzik.
But despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly. The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards. I will no longer be taking part in Bitcoin development and have sold all my coins.

Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people." 
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Immediately... the price tanked from 430ish to 360ish - and every follow up MSM article made the coin value even more reactive - both ways... as many articles pointed out it was the 90th declaration of BTC being dead..Bitcoin Isn't Dead.... YET... and many point out that now the `community' will have some fire under its ass to make the needed changes.... we will see.
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Since the Hearn analysis, the coin generating the most trading interest and that seems to have the most development potential and everyone's favorite... Ethereum... here's some recent ETH links to get you up to speed:

Will The Number Of Ethereum Coins Be Capped?

and

Here's The Numbers
and another of the crowd favorites of late is
Factom

Oh, on the same day as Hearn made his announcement.... Cryptsy officially offered up an explanation by Big Vern indicating the loss of 10,000 BTC and 300,000LTC in a wallet theft in 2014.... at times now the website seems dead.... over 10K BTC loss by investors.... including about .09BTC by yours truly.

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MORE Crypto News

The On-Going Rumor Of Crackdowns On BTC Coming - This One Because Of The Paris Attacks

And for those who say ... who controls the info controls the news and flow will note the Sale Of CoinDesk - a major source of BTC info and analysis.

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Buckle Your Seatbelts, 2016 Looks Wild

Is Craig Steven Wright ..... Mr. Bitcoin? ....Satoshi Nakamoto

As always... tons is happening in the BTC scene but few IMO expected that Satoshi Nakamoto was perhaps about to be revealed to all -- or has he been? The follow up to this Wired Article I bet will finally settle the case once and for all.... now about those taxes on 1.1 million coins?
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The connection between the blockchain (bitcoin technology to the MSM) and banking is seemingly growing daily - is a power shift going on?
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The Ethereum team calls the prediction market the 7th information revolution an interesting read.
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The 14 Biggest Bitcoin Headlines (and stories) Of 2015 you can learn a lot in a small amount of time with this click.
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thanks for your readership

I think you'd find the archive or sidebar of interest

Bitcoin To Become 6th Largest Reserve Currency Within 15 Years?

For such a headline and statement - CNBC sure presents a lameish article here IMO.... even quoting someone calling it's value a fraud. More and more however there seems to be a motif that the blockchain is more valuable than BTC... but another point of view says YES... true... but... BTC will be the store of the value of the technology - Full article is here - the article also notes that 90% of the currency value is being held for speculation. Indeed. Don't sell cheap if you have a few.
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Indeed.... here's another article saying the banks will move into BTC technology by Next Year ... while Jamie Dimon.. the old guard says Bitcoin Is Going To Be STOPPED and that the value is a fraud.... this indeed could get nasty. 
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Never underestimate the powers that be.
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Happy Thanksgiving

Bitcoin - Spiking - Huge Companies Entering Into Bitcoin-Blockchain Investments

It's like a light going off in one's collective head - or the clanging of a LOUD bell ... but wall street and more has discovered possible uses for the technology this blog is about - and the next spike in Bitcoin value may have already began.
=============================================

Recent Links Of Interest

Firms Investing Include MasterCard And New York Life... Etc

a tease from the above link

The other investors in DCG include a range of venture capital firms and family offices such as FirstMark Capital, Novel TMT, Oak HC/FT, RRE Ventures, Solon Mack Capital, and Transamerica Ventures.

------------------------

The Ultimate Marriage?

Ethereum - Bitcoin - Gold - Diamonds

the shit is getting real folks

--------------------------------------------------

Ethereum Could Be A Strategy For Big IT Firms

Ethereum Too Is Spiking Recently

================================

Ethereum's Augur Crowdsale - Plus Details

yes... I bought in and have 33 reps

==================================

And finally for Today's Must Read

Interview With Vitalik Buterin

Vitalik Buterin theorises about monetising an Ethereum browser, the price of Bitcoin and education in China

================================================

thanks for your readership

Buy 100 Dollars Of Bitcoin Using This Link And Get FREE Bitcoin Too

What IF... There Was A BitRuble?

As you are aware... other than perhaps MAZA coin.. no other current cryptocurrency can truly be tied to ANY sovereign nation... and as you are aware... one nation in it's eyes has been `under attack' and it's currency has taken a HUGE hit via sanctions and with the declining price in Oil.... yes.. that would describe Russia... the old USSR..... led by as big an ego maniac they say as our own Donald... a guy that just might go his own way... as he already has shown to the world.. and who just might ONE UP the entire world.... with the BitRuble move... peg his currency to not a basket of Fiat currencies but to the international price of the Bitcoin Cryptocurrency.

So WHAT IF.. suddenly a NATION was using it's resources to REPRICE it's trade? Via the BITCOIN structure? Could it be the EXACT mechanism needed for the long awaited Bitcoin Spike? Could all trade with Russia suddenly be the new market for other nations having to pay in BitRubles? Does ANYONE NOT UNDERSTAND what that would do to demand?

Here's a few tokens of what I've been reading.... your comments?
==============================

The Russian Bitcoin Factor

The BitRuble Rumor

a huge positive... OR... the Banning Of Bitcoin?

Head Of Russia's Largest Bank A Bitcoin Owner

he makes a joking point about Bitcoin being the only currency down more than the Ruble

HUGE Spikes In Folks Buying Bitcoin In Russia

is this INSIDE buying?

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In Other Crypto News

First ETF Impressed By Bitcoins Price Stability

and they will be more impressed by the price spike that they avoided

The USA Declares Bitcoin And Other Crypto A Commodity

like gold and oil

9 MAJOR Banks Unite Behind The Blockchain

perhaps the biggest recent news of all

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Also Worth Noting - Perhaps

Bitcoin At 300,000 Buzz

most interesting is the contention that the value may be in other coins 

The REAL Bitcoin BET About Ethereum

one amazing website IMO

Buy Now Or Cry Later?

the easy easy case for why you need to own more than 0.002 BTC

Source For Latest Bitcoin And Blockchain News

I bookmarked this one

Mike Tyson's Bitcoin ATM Goes Live

BTC's new image..... Vegas .... of course

The Coin Index @ Poloniex

interestingly... it gets NO trades hardly

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Thanks For Your Readership

the affiliate links below support the blogging efforts at Barfstew

BitBET - Taking Bets On Will Donald Trump Be The Nominee

Trade Bitcoin At Cryptsy

Buy Bitcoin At Coinbase For Security

The Ethereum Sensation

I was not caught completely off guard like many concerning Ethereum and knew that its release would cause ripples... but... not like this... and some are saying it could compete with the God of Crypto, Bitcoin, for marketcap - in as little as a few years or less. Rumors abound about it... that large companies want to use it... that pension funds want to buy and hold it... that Augur will be amazing.... etc.

All that said... how about links from the Cryptoworld as I continue to put together a big post for all.
=========================================

First... Ethereum
Fourth In Marketcap
as of 8/31/15

Blog Post About Ethereum's Security
impressive

meanwhile, some say this `leaked' chat memo indicates Ethereum has a ways to go in development:

Ethereum Launches..... BUT
will all this cashflow help?

Many who are part of the Ethereum gold rush point at this tape where an intelligent woman at 2:15 identifies Ethereum as the connection potential for the Internet Of Things. IMB is bigtime and so is the marketcap of Ethereum already:

Only 12K Views

=================================

Mystical Bitcoin?

Shamanic-Economics-In-Shasta/

MAZA Coin Blog..... Will there be an Indigenous Coin?

Does Shemitah Mean 2 Million Dollar Bitcoin Soon?

Hey, why settle for a million, right?

Bitcoin Splits Into Two Beings

CNBC asks... will it break or be better than ever?

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Even If You Arrived For The Pretty Women Of The Archive

Thanks For Your Readership

---------------------

Support This Webpage

Donate Bitcoins

Blockchain Size Becomes New Focus?

Yes... still working on that huge `reference' update for you... be patient.
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Obviously... more than 7 transactions a second are needed if the BTC blockchain is going to grow..... what to do and when is a new focus for the entire CryptoCurrency segment and traders. Are there even other potentials too? - Forks which leave BTC behind? Will `value' be driven by practical usage for business and banking - including non BTC options/coins?

Lots of breaking and interesting developments in just the last couple weeks... wanted to get a few of those trends and so forth into your vision... worth your read.
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Here's the call for the blockchain size to double by November 2015 while others are calling for a change in the fee structure of BTC up to a 20 fold increase.

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All of the calls above are because of a relative explosion in BTC usage recently... as shown by a variety of links below.

========================

For Example

Coinbase Says Wallets Doubled Since 2014 and Transactions Up 93%

It does seem that some Americans are getting the idea.

Bitpay Latin America Transactions Up 500%

BTC is being seen as a hedge against inflation in crappy economies based on higher value currencies... Is Greece next?

BTC Is Taking Off With MERCHANTS In The Philippines

over 2,500 already

Bitcoin Real Estate Company To Enable China Middle Class To Buy American Real Estate

a way to avoid the capital controls in China, interesting read

MEANWHILE IN AMERICA

SIMILAR BIG-TIME MOVEMENT?

Is The Blockchain About To Leap Frog The Current Loyalty Points Programs?

Is Ribbit.Me in the forefront - RibbitRewards (coin)

The San Francisco Federal Reserve Speaks Up On Using Bitcoin As Collateral On A Loan

Sounds like we are talking REAL money here

Coinbase CEO Says Bitcoin Will Replace US Dollar For Reserve Currency

(he says in 15 years)

Coinbase has established itself as on top of the BTC experience in America IMO

Buy Your First Bitcoin At Coinbase With A Click

MEANWHILE

MIKE TYSON Just Turned His 5 Million Followers Onto BTC Via Twitter

the unbanked is a huge market potential, obviously

Might BTC Fight The Two Party System In America?

Paul has been silent for too long? Article is from Gary Johnson who was the Libertarian Candidate before.

The HULL Coin... Local CryptoCurrencies Backed By The Government For Volunteer Work In Community

Could this idea be a catalyst?

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Are you convinced yet that you might want to own some Bitcoin?

America USES Coinbase

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.
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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

Ribbit Rewards Coin.... At The Edge?

I'm working on a MAJOR update ... in the meantime.
==============================================
One of the first coins that I've enjoyed watching emerge with a game-plan for Crypto is Ribbit.me - with the Ribbit Rewards coin (trading on Bittrex at a discount IMO - this coin IMO could at least Quadruple IMO and become a category leader ).... as they hope to crank up a Bitcoin and Crypto Marketplace (using the coins I think as a reward of the transaction)...  Marketplace.life .... they have also been in the news other ways such as having all their team members be certified.. by the Digital Currency Council A rarity in Crypto. Will the marketplace become real? Will more development teams want to be certified?
===========================================

More on Bitcoin Marketplaces
Counterparty Team Out Of Overstock Connection
The CounterParty Coin Is On The Upswing

This Article Mentions Two More

while mentioning how a merchant was banned from Ebay for suggesting they'd take Bitcoin for payment

=============================

Did Putin Signal A Bitcoin Policy Change?

seems like everyone is waiting for the other guy to go first

=================================

Bitcoin to 400 By 2016 Says Investment Firm Wedbush

with a 1 in 5000 chance that it will go to 1 MILLION by 2016

======================================

It's old news now,,,, but BTC did spike on

The Greek Financial Crisis

might Europe finally get the idea about BTC?

Ultimately will `scarce' coins like Unobtainium be value centers?

==================================
This is well beyond the scope of the MSM and much too disruptive... but Are Negative Interest Rates The Doom For Cash Holdings?
---------------------------------------------

=====================================
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Crypto `Scarcity' And Potential Fiat Value - Part One

Hello Barfstars.... Without question my 3 part post and analysis of scarcity in May has been this blogs most popular posts of the `Bitcoin Era' of Barfstew - those links are at the bottom of this post. Pageviews are now approaching 2000 a day on a good day (advertisers, this is a bargain) - males looking for beautiful information about a new passion. Cryptocurrencies. The new coin collecting.

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Today's post once again will be featuring an analysis of the various `fiat leaders' at certain levels of scarcity - much like the previous post. Certainly when you are investing in Crypto it's important to know - scarcity - and `usefulness'/utility - and presence/following in community.... as basic attributes of a cryptocoin. (IMO - Avoid coins with no website. And be very cautious about ? as the figure of coins available, many coins list ? making your purchase a pure gamble.)

More importantly - I've grouped this analysis to provide coins that aren't so much apples to oranges - as each coin in a group is comparable in size to at least a factor of 2.

Are the coins in your portfolio... over priced or under-priced? What dreams do you have for the value of the coins in your portfolio?
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Information from Coin Market Cap (JUNE23RD)

Extreme Abundance Coins ; 150 Billion+ Available

(5 coins in category) 

BYTECOIN - 0.000028

IF the coin you are investing in has over 150 billion available remember that BYTE is the top valued coin at 2/1000th's of a penny.

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Abundance Coins; 83 Billion - 113 Billion Available

(10 coins in category)

DOGECOIN - 0.0002

Dogecoin is the most valuable coin in fiat value in this category, worth 2/100th's of a cent.

The least valuable coin in this category is the CORGICOIN - worth  $ 3e-08 - that might suggest that Corgi is the most undervalued in this category - up 30% in the past 7 days too.

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Dream Big Coins; 30 Billion - 69 Billion Available

(7 coins in category)

RIPPLE  is the most valuable coin in fiat value in this category, worth ONE CENT. (0.0106)

Five coins in this category all have very similar values at 0.000002 or 0.000003 (2 or 3, - 10,000th's of a cent) FLAPPY, KARMA, TICKETS, HTML AND PANDA. Only ZEIT coin has `lifted off' at a value of 0.000012 - then again any of the other five at this value is a 4-6 fold increase potential.

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 Dream Coins; 12 Billion - 27 Billion Available

(10 coins in category)

MINTCOIN is the most valuable coin in fiat value in this category, worth 0.000075 - or 7.5 1000th's of a penny.

Most of the other coins of this category have values similar to the Dream Big Coins category above 0.000002 or 0.000003 - only Reddcoin at 0.000015 and Smileycoin at 0.000007 have broken out from the pack. This might suggest that the coins worth 0.000002 or `3' - might have some room to run. Indeed a look at some of these coins increases in just the last 7 days might suggest some upward movement - 

HEISENBERG +2,158%

CARPEDIEM +363%

SMILEY+208%

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 Fantasy Coins; 6 Billion - 10 Billion Available

(10 coins in category)

DIGITALNOTE is the most valuable coin in fiat value in this category, worth 0.00019 -- about 1/50th of a penny.

Two coins are not worth even 0.000001 including PHOTON,  and BATCOIN. But are DEVCOIN and DOGECOINDARK opportunies and undervalued?

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 Expectation Coins; 2.5 Billion - 5.2 Billion Available

(6 coins in category)

BITSHARES edges out STELLAR in market cap and fiat value in this competitive category. Bitshares (0.0073 -- 7/10th's of a penny) Stellar (0.0035 - a 1/3 of a penny)...each worth 1000's of times what POPULAR coin is valued at. 

And is LITEDOGE an opportunity at Bittrex when valued at (0.000007)? 

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Possibility Coins; 1.0 Billion - 2.3 Billion Available

(14 coins in category)

This VERY competitive category has only produced one real winner .... the NXT coin 0.012 fiat... valued at just over a penny and perhaps the most traded coin among multiple exchanges and for multiple currencies. That alone can be a driver of `value' occasionally.

Nearly ALL of the other cryptocurrencies in this category are light years behind in fiat value. IF you want a LONG SHOT - try UFO coin (what if one lands?) - or perhaps COMMUNITY COIN at Cryptsy - (not even a current website... but what a name). 

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Expect Part Two Soon

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Scarcity Part One

Scarcity Part Two

Scarcity Part Three

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