Security tokens are regulated financial securities – like traditional stocks and bonds – that provide token-holders with ownership interests in the underlying company or asset.
Security tokens will be the third wave of the blockchain boom… and they will make the first two waves look tiny by comparison.
One executive I spoke with expects security tokens to bring 10% of global GDP – roughly $8 trillion – into the blockchain ecosystem by 2024. That represents growth of 28X.
And Bruce Fenton – founding member of The Bitcoin Foundation ...
How does using the blockchain to securely store data about security ownership have any affect on the value of a bitcoin? The value of these securities is not being injected into market cap of bitcoin or backed by bitcoin tokens. They are completely separate things that hold value on their own and hashing them on the blockchain is irrelevant. Securities are backed by brick and mortar companies and company assets and employees and speculation etc and are not backed by a monetary system or a data system. Saying they would make bitcoin worth $10T is like saying that the server's hard drive at NASDAQ is worth $10T. The only thing that would raise value is the extra transaction volume and fees in all the micro transactions needed to maintain a ledger.
Here is a flow chart that you can use to predict the analysis of bulls over the next 6 months based on any possible combination of action that could occur over the next 3 months.
These two charts are on completely different scales, they dont look anything alike, and the volume hits are totally out of whack. The 100 youre pointing to also was not real and only happened on a couple exchanges due to an error.
This was an older chart in that thread before our dip down completed:
-snip-
This is what it looks like now:
Of course your 'analysis' includes an imminent arrow up all the way above ATH. How could I not guess that? Why do you even bother drawing a chart at all?
Here are the two charts actually on the exact same time scale. I'd say we are closer to point A than to point B, especially if the bear markets are getting longer. We all know though that the reality of the situation is it's not going to repeat itself and something brand new is going to happen.
I thought something similar in 2015. "Its broken the trendline. It shouldnt have gone below $260 (to $160) and should be rallying by now. Something terrible must be going on. Is bitcoin hacked?" Luckily I couldnt bring myself to sell my remaining coins. They were worth so little.
The 'time to buy' is usually when you see this huge spike of volume. However, bulls have been trying to trick noobs all the way down since 10K that it's time to BTFD even though it still slowly sliding on anemic volume.