Multinational banking giants JPMorgan Chase is betting on six cryptocurrencies: Bitcoin, Ethereum, Ripple, Dash, Cardano and Litecoin to survive in the long term.
Strange selection. The design fundamentals for Ethereum & Dash are pretty terrible, it's amazing they've survived this long (Dash probably only because there's so little transaction activity to abuse). Litecoin is going to lose any small utility is has on a far shorter timeframe once Lightning becomes more developed & popular. Ripple doesn't really have much of a use case; it's essentially a SWIFT/ACH competitor, but any problems in SWIFT or ACH-like networks will cause fiat to become less stable, making Bitcoin compare far more attractively (people have mostly heard of Bitcoin, however unsure they are of it, you can't say that for Ripple). And Monero's not on the list? Strange list (never looked at Cardano, anyone know something about it?) Agreed on Ethereum. The unmanageable size of their blockchain will be the plaform's doom. Dash, I cannot comment, but I assume it has something of the same problems as Ethereum? Litecoin will live as far long as bitcoin will live, I reckon. It's a very underestimated project. But Charlie Lee has to step away and let the coin live on its own. Also agreed on Ripple, and Cardano is not online yet. They might be invested in it hehehe.
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Expect a lot more traders shofting there funds from ETH to mostly BTC.
Nah. Most people using Ethereum right now are noobs and airdrop chasers -- they will pay the high fees because the rewards are much higher than that. Only when the fees become so high that they eat up all their rewards people will start to ignore it. Altcoins went down because there was no reason for them to increase anyway. It was Bitcoin's time to shine and altcoins are nothing more than parasites thriving on its prey. They don't deserve to increase in value because there haven't been any positive developments. Ethereum in my book is still extremely overvalued. I can't wait for EOS to suck life out of Ethereum.... EOS will suck the life out of Ethereum when Dan starts selling its billions held in ETH in Bitfinex for USDT and bitcoin, while pumping EOS at the same time. It was only a few weeks ago when EOS have sent all of their ETH to the exchange and left only 100,000 in one of their wallets. In any case, Dan Larimer is ready to dance hehehe.
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Is Tom Lee becoming more right to stand by his bullishness by the day? Is his bullish prediction of $20,000 to $25,000 on December 2018 becoming more true when the market found new life again? I reckon the people are quiet and beginning to stop criticizing the analysts because the analysts might be right this time. Digital Currency Group's Barry Silbert is optimistic about bitcoin as an investment.
"I think we’ve probably hit the bottom for the year. I actually put some money into bitcoin last week," he said at the Delivering Alpha Conference in New York on Wednesday. “As an asset class it is here to stay … I’m 100% confident a decentralized, non-fiat form of money is here to stay.”Read in full https://www.cnbc.com/2018/07/17/digital-currency-groups-silbert-buys-more-bitcoin.html
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@cryptosfr. Are you confused? I reckon you also did not read the article or you might have read it but you didn't understand it hehehe.
There is no retraction from Coinbase in that article, unless you posted the wrong link.
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I reckon no one read the article hehehe. There is someone sending spam transactions in the platform and it's causing higher fees and network clogging. The transaction fees paid for spamming is $15 million in total.
In any case, there have been rumors about an ICO that holds billions worth of dollars in ETH that wants to take Ethereum's spot as the leader for smart contracts. Dan Larimer's EOS. If EOS is designed to take on Ethereum then attacking Ethereum by slowing it down would be a very good move.
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@LesPristy. Good luck then, and I hope you make a prototype before the next bullmarket hehehe. It is really pitiful to see Aeon got left behind by the other cryptocoins. The others are rewarded for supporting scams, while we, who are supporting a real opensource project, are not.
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To me, there is really no point in following mainstream media regarding speculation anymore. There are always going to be individuals that are trying to make outrageous predictions that will very obviously not come true by any means. If we see over $10,000 by the end of August, we can see the $20,000, then the press, the media is going to come in, and we can still see the $60,000 this year. ]This part just made absolutely no sense.Notice that most predictions that these people make have absolutely no basis whatsoever. I really am starting to think that these predictions are solely for the purpose of sensationalist headlines, self promotion and nothing else. With the current bearish sentiment, and the fact that there is virtually 0 momentum upwards, there is virtually no chance that we'll see an all time high this year. Why? Is it impossible for bitcoin to see over $10,000 by the end of August for you, or is it possible that he saw something that we did not see? I reckon we might be in another situation of denial again, but on the opposite side hehehe.
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Tom Lee was very happy to present another one of his expert technical analysis in CNBC after bitcoin broke $7000. There was also a poll in Twitter from CNBC that asked if bitcoin will break $7000. 72% voted no. The same view on bitcoin's future performance that we have in the forum, I reckon. 30% below 200 day moving average is lowest for bitcoin. It happened on 2011, 2016 and on 2018.Watch Tom Lee https://www.cnbc.com/video/2018/07/17/bitcoins-breakout-cryptocurrency-tom-lee.html
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What if America, after setting up all the needed infrastructure for bitcoin in their country, starts requiring that trading with them should be in bitcoin?
It's quite possible that every government will start doing that. If we ignore all the circus going on in the media, governments just hate each other, period. They however love doing business with countries as long as it is beneficial for themselves, but how can you trust a transfer of value between one country's financial system and the other? They at any time can rig the shit out of each other, but that's practically impossible with Bitcoin. It creates a trusted layer where value swaps algorithmically will be secured and transferred between the involved parties. There is no face behind Bitcoin; who will you extort or whatever to force them to fork? This is no Ethereum where Vitalik openly admits to fork if he's forced to do so. We are basically in the very early stage already with atomic swaps. I strongly believe that this will gain an incredible amount of momentum in the forthcoming years. Bitcoin's decentralized consensus is the most powerful aspect of it. No other coin has it or will it ever have. Yes, every government except China hehehe. They had the biggest advantage before the PBOC disrupted the prosperous bitcoin ecosystem in their country. Also, they did not stop there, the Chinese government is slowly pushing miners out of their country. They would have been the leader in the cryptospace if they were not so afraid.
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@squatter. Tokenization and replacing networks with markets is not the issue. ICOs can be a good way to raise the funds to start a project. But there are scammers everywhere and the success of the projects are not anymore judged in if they work or not but by the value of their tokens in the market. An example of this is Ethereum.
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@buwaytress. I have not checked yet but I reckon Nitrogensports have them back again. I will use that the next time I update the odds. Also, yes Tolkien is the best in the fantasy genre but his books are very hard to read. The way the were written was the same as reading old English writings from the medieval ages hehehe.
Have you heard that Amazon will make a Lord of the Rings show?
Thanks for the feedback, and do update here if you find any Bitcoin props for GoT. I'm OK with Nitro, I have an account there but I'm trying to consolidate all my prop betting onto one sportsbook. Haha, yes, I suppose Tolkien can be difficult to begin, I actually had a very difficult time reading it for the first time, but I thoroughly enjoyed it on my latter readings. In between I read quite a bit of fantasy in my teens... Dragonlance writers, Raymond Feist, of course, RR Martin and Stephen King also have writing that's very accessible (and they both wrote a lot of tv scripts for Twilight Zone type sci-fi, so due recognition there). I actually thought Dragonlance would get its TV series, but maybe the fanbase is too old now. Hope Amazon does more justice to Tolkien. The Tolkien estate probably learnt its lesson from the past. I think material is always dumbed down for audiences but GoT proved that audiences are actually a lot more intelligent than previously thought. Hehehe. The Peter Jackson version was done for commercial reasons and not to educate the viewers about Tolkien and his universe. His invention of the Elven language alone would be enough to move anyone's mind. Also, I reckon Ralph Bakshi's version was trying to tell the story better, but sad that they did not have enough money to finish it.
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I thought that Pacquiao was only fighting for money and he would be knocked out before the 6th round. But I never expected him beating Matthysse, and that too in such a comprehensive manner. My respect for Pacquiao has increased by a hundred times after watching the match.
Would you watch Floyd Mayweather versus Manny Pacquiao part 2? I know that there might be some boxing promoters from Floyd's group excited to create a storyboard leading to that super fight again hehehe. What Floyd should do is send a dirty tweet criticizing Manny. Hehehe, wouldn't it be nice to see them fight again not just for the glory but for all the money that both of them are going to make. . It would be bigger than Floyd vs Connor and definitely can topple the PPV records of their first fight. Agreed, and in the present situation, that storyboard should be made for the fans and also if they want money. Floyd Mayweather is still undefeated and Manny Pacquiao is now a champion again that proves he is still a worthy fighter. If the UFC's Dana White was a boxing promoter, he would be talking to both of them by now hehehe.
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Ripple can relax now hehe. I also reckon the next to be listed on Coinbase is Stellar, which is a Ripple fork, and which I reckon is also a security token, that might have a big future as an alternative payment platform in America. What are the biggest exchanges in America? Will they also need to apply as a broker-dealer? Federal regulators have approved US cryptocurrency exchange Coinbase to operate as a broker-dealer, the company announced today. The approval means Coinbase will be able to offer blockchain-based coins that are categorized as securities in addition to letting users trade Bitcoin, Bitcoin Cash, Ether and Litecoin.
“Ultimately, we can envision a world where we may even work with regulators to tokenize existing types of securities, bringing to this space the benefits of cryptocurrency-based markets — like 24/7 trading, real-time settlement, and chain-of-title,” Coinbase President and Chief Operating Officer Asiff Hirji said in a statement. Coinbase also intends to offer crypto securities trading, margin and over-the-counter (OTC) trading, and new market data productsRead in full https://dailyhodl.com/2018/07/16/breaking-coinbase-cleared-to-list-crypto-securities-act-as-an-investment-advisor-and-operate-as-a-broker-dealer/
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The only thing that we could say in this moment is that China is now making some stupid moves cause they are just "losing" opportunity to be the main country connected to crypto so America could take advantage in this part of "future" economy.
I am actually happy that China isn't taking advantage of the crypto craze. If Japan remains the main player in crypto terms, it has all the potential to become a superpower in the next few decades. I however still think that China will return to the crypto space after they have figured out how to properly deal with it legally. If they wanted to get rid of everything related to crypto they would have taken care of the miners there as well. It may be that Bitmain has some power there to delay the process or completely be free to operate there for ever. We shouldn't underestimate how powerful they are politically.... I reckon America is also very happy that China is not taking advantage of the crypto craze hehehe. What would have been used as a tool to have an advantage against them can be used possibly by them to have the advantage against China and other opposing countries on Trump's trade wars. What if America, after setting up all the needed infrastructure for bitcoin in their country, starts requiring that trading with them should be in bitcoin?
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@pooya87. Agreed. But think of what would the reactions be if I posted the very bullish articles that were as crazy during December, or after the bull market on January or February. I reckon everyone would be clamoring for more exaggerated bullish news hehehe.
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I thought that Pacquiao was only fighting for money and he would be knocked out before the 6th round. But I never expected him beating Matthysse, and that too in such a comprehensive manner. My respect for Pacquiao has increased by a hundred times after watching the match.
Would you watch Floyd Mayweather versus Manny Pacquiao part 2? I know that there might be some boxing promoters from Floyd's group excited to create a storyboard leading to that super fight again hehehe. What Floyd should do is send a dirty tweet criticizing Manny.
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@buwaytress. I have not checked yet but I reckon Nitrogensports have them back again. I will use that the next time I update the odds. Also, yes Tolkien is the best in the fantasy genre but his books are very hard to read. The way the were written was the same as reading old English writings from the medieval ages hehehe.
Have you heard that Amazon will make a Lord of the Rings show?
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@LeGaulois. That is easy to say today, but I reckon it was difficult to accept for many people at that time. When I posted some news articles on the coming bear market during January, many responded so negatively to the articles and they were telling me to stop spreading doomsday stories.
Also, there is the same negative reaction when I post bullish news articles today hehehe.
well to be fair you were posting "doomsday stories" back then, at least most of the times. an example: bitcoin should be worth $20talking about price dropping to $900so i'd say the reaction you received was perfectly justified. and today's news that you call bullish is just as bad in my opinion. they are all exaggeratedThe titles are exaggerated, but those are not mine. I copied and pasted them because they were the titles of the news articles. But if you read my own reactions on the articles, they were not spreading doomsday stories. Also, the other reactions from the bearish articles and the bullish articles are the same in the denial that the bull or bear market is over hehehe.
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There is more movement to make America great again in bitcoin. What China should be doing is reflect on how stupid they are for throwing out a good opportunity to be the bitcoin capital of the world. Now the American government is slowly welcoming the cryptospace and might use that to leverage themselves back to world economic might. The US House of Representatives is giving Bitcoin and cryptocurrency a big boost by labeling digital currencies “the future of money” ahead of a key hearing on Capitol Hill.
The hearing will begin on Wednesday, July 18th and is expected to be livestreamed starting at 2:00pm EST. Lawmakers in the powerful Financial Services committee will host the event, which is titled “The Future of Money: Digital Currency.”Read in full https://dailyhodl.com/2018/07/13/us-congress-calls-digital-currencies-the-future-of-money-ahead-of-key-hearing/
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Bitcoins mined per month minus expenses, initial outlay of capital to start the mining farm and high difficulty would give the 12 officers of the Russian intelligence agency very small income. It would be cheaper for them to buy the bitcoins hehehe.
In any case, just another article giving the false information.
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