First time here? Checkout the FAQ!
x

You May Also Like

7 Online
0 Member And 7 Guest
Today Visits : 64
Yesterday Visits : 370
All Visits : 269352

Cryptocurrencies: Time to reconsider? [poll]

Related questions

1 like 0 dislike
1 answer
1 like 0 dislike
491 views

The price of Cryptocurrencies have been tumbling with their mama BitCoin, as China closes local exchanges, but some experts have predicted the cryptocurrency will bounceback and stage a recovery.

Bitcoin's price crashed below $3,000 on Friday for the first time in almost eight weeks, as fears over the cryptocurrency's future prompted a sell-off. It comes as China launches a crackdown on bitcoin by closing local exchanges, with BTCC annoucing an end to trading by the end of the month.

JP Morgan boss Jamie Dimon also fuelled sell offs by calling the bitcoin a fraud.

But despite the short-term price crash - the digital currency has fallen from near $5,000 at the start of the month - BitCoin and other Cryptos will recover, according to experts.

When Jamie Dimon warns against bitcoin, it’s usually a good time to consider buying some

BitCoin is nothing without Jamie Dimon. According to experts, Jamie's -ve comments have been a ploy to get the Cryptos down - after BitCoin kissed it's all time highs of $5000. A correction was always on. Experienced Crypto traders know, the Crypto market does correct upto 40% - after a big bull run. It was indeed helped by Jamie and the Chinese events.

Don't forget Cryptoes like Litecoin - had a huge spike - at around 12 P.M. UTC time - once it kissed it's low of $32. It was indeed from USA. laugh

Litecoin Price chart

Now, where does all the Cryptoes go from here? David Coker, Lecturer at Westminster Business School, said: "While the Chinese regulator's crackdown in Bitcoin exchanges was not surprising – China has been trying to put a stop on capital flight for several years now – its actions simply won't be effective for three reasons."

"First, anyone in China with a valid public key - a large numerical value that is used to encrypt data and is generated by a software program or provided by a designated authority - can still receive and sell Bitcoin. Keys are freely available for the asking. The Great Firewall of China won't be able to block Bitcoin traffic originating on Blockchain's decentralised network."
 
"Second, it is well known foreign travel by Chinese citizens has surged in response to the crackdowns on capital flight. Any Chinese citizen traveling to the United States or Western Europe can easily purchase Bitcoin at any one of several thousand public ATMs selling the cryptocurrency."
 
"Third, the history of economics teaches us capital always finds a way."

Etherium will chase BitCoin

September is usually BIG for Crypoos. 2017 is not an exception. We have several technical upgrades coming for some important Cryptocurrencies - Metropolis for Etherium, Escrow for Ripple.

Future Ethereum – Metropolis, Serenity, Raiden

News from Etherium developers is that - The Metropolis (Ethereum 3.0) hardfork upgrade is scheduled for late September. By end of this month - Metropolis will be locked in. This time, there is ALMOST NO CHANCES of a split (like the one we had for Etherium Classic). Thus, this could result in a big bull run for Etherium.

Experts say, this could result in new highs for Etherium - breaching well past it's earlier highs of $418. If we follow the last upgrades, which was back in October 2016, Etherium was in single digits that time. Though the prices are much higher now, but considering the changes that Metropolis upgrades are slated to do - this may well kiss $1,000 - according to the experts.

And after BitCoin, if there's anything that "Altcoins" follow - it's Etherium. So expect a big rise in some other coins as well. Here's a graph that explains the correlation among the Cryptocurrencies.

Ripple and Escrow lock

Then comes Ripple. XRP is surging alongside bitcoin and ether as well as smaller digital currencies like dash and monero. They're all benefiting from the growing interest in blockchain, a distributed electronic ledger that makes all transactions trackable. Unlike other cryptocurrencies on the market, XRP is tied to — and majority-owned by — a single company.

Ripple and ethereum have emerged as the early leaders in enabling business arrangements, with Ripple trying to build the digital payments standard for the financial sector.

Distributed financial technology firm Ripple is on the verge of locking up billions of dollars worth of its native XRP cryptocurrency inside dozens of smart contracts designed to hold value in escrow until a certain time, or certain conditions are met.

Ripple Pledges to Lock Up $14 Billion in XRP Cryptocurrency

Though the timeline for this is not released by the company yet - but this is more than expected to happen within a month or 2.

One of the major fears about Ripple has been uncertainty about their supply and what if Ripple releases too much of their supply into market, thereby suppressing price.  Although, Ripple being a Licensed, Regulated, and Registered company that can be 'Sued' in court for fraud has eliminated much of this worry.

But seems like Ripple wants to be world class in every aspect. Escrow is an extensive lock-up agreement spanning a whole decade and more, removing all market worries about supply.

Make money social trading - Cryptocurrencies

What does this mean?
1) Suddenly All worries about supply will be defeated in one official move.
2) The supply available will only be the current supply.
3) Overnight will make XRP lot more precious, valuable and most probably will spike up price greatly given so many use-cases and no more new supply in the horizon.

Additionally, as a remainder unlike Bitcoin, ETH etc which are "Inflation" currencies that increase their supply over time, Ripple is Deflationary. Meaning, NO new coin can ever be mined/created, and Supply reduces over time as every transaction destroys certain amount of XRP.

And it does not end there. Its also rumored that Ripple will use their on-platform escrow feature to enforce this lockup and show off the feature to their customers. (Ripple has on-platform cryptographically secure escrow that does not depend on 'any' external services)

There is no doubt that this would be a segwit-level event for XRP. I would say 1 USD instantly after the announcement and even more in the future.

Choices:
I'll consider buying cryptos now (1 vote, 50%)
There's still worry. I'll choose to stay away (1 vote, 50%)
Chinese have October end to complete sell off. Cryptos will be down. I'll consider short positions (0 votes)
Don't like cryptos (0 votes)
Thanks & Regards,
Admin Team
asked Sep 17, 2017 in Share market strategies by puremoneymaking (380 points)
edited Sep 17, 2017 by puremoneymaking

2 Answers

1 like 0 dislike

The banks really do everything for money.
This article explains the spike sad


Bitcoin Price Increases to $3,680, Chinese Exchanges and Experts Remain Optimistic

But I personally like the current fall. Keeping the current upcoming technical upgrades in mind, this is a real buying opportunity.

Though the Chinese events can disrupt the developments a bit, but Japan's evolution as a big Crypto player - really helps the proceedings.

Considering Metropolis will be taking effect from tomorrow - really looking forward to the coming weeks.

Thanks for the post though.

answered Sep 17, 2017 by getfreefollowers (260 points)
1 like 0 dislike

This will give an idea on how things are progressing for Metropolis:

Metropolis milestone

Thanks & Regards,
Admin Team
answered Sep 18, 2017 by puremoneymaking (380 points)

Sponsored Resources

  1. Lentera Videography
    Bali Wedding Videography, Videographer Based in Bali
  2. Making Money Online From Free Sites
    Available money making websites that are free to register. 5 websites to own for free, just click the 0mlm icon.
  3. Host AU
    Web Hosting plans from $3.50 per month, including FREE Domain Name. VPS Hosting, SSL and Domain Names also available.
  4. All Blog For You
    Read blog here
  5. Largest Anime Provider
    Largest Anime, Manga & Drama Provider. Anime-Buy.com provides Lifetime Anime Premium Membership.
  6. Value Plus Plus Store
    You have come to the right place to shop for [Ladies Jewelry] and Gift Ideas for any Occasion. Though we specialize in [Ladies Jewelry], our wide range of products ensures that you can find just about anything you're looking for! Check our [Value Plus Plus] Product Directory to see everything we have to offer
  7. Entrybox
    Entrybox is proud to bring you the greatest competitions from all around New Zealand.

    Check out all the awesome comps that New Zealand companies are running; support local business!
  8. Quality Power Point Presentations.  SEO Web Content.  Business Blogging.  Social Media Posts.  Speeches.  Research.  Rewriting.  Ghostwriting.  Reports.  Articles.
  9. Sports from A to Z

    Link Exchange With Internet Marketing | Pure Money Making

What is online marketing?

Today, Internet marketing, or online marketing, is evolving into a broader mix of components a company can use as means of increasing sales - even if your business is done completely or partly online, or completely offline. The decision to use Internet marketing as part of company's marketing strategy is strictly up to the company, but as a rule, Internet marketing is becoming an increasingly important part of nearly every company's marketing mix.

 

Marketing Techniques

 

Marketing made easy

... The first step in designing your web site is to clarify the goals you want the web site to achieve. What is the purpose of your web site? What do you want your web site to do?

One of the goals of your web site should be to attract the attention of your target audience. ...






Questions to ask before starting a business

Socializer
FREE service to make updating your social networks a snap!
Polls
These days, there are a lot of would be entrepreneurs out there with a great idea, but are stuck with Business Plan Paralysis. Instead of shipping product, they're "working" on their plan, doing more "research", or "thinking about it". The fact is anyone can become an entrepreneur. Each individual needs to determine the scale and ambition of their proposed business to be sure they have the right skills and resources available for their particular idea.

For example, the business skills, knowledge and capital required to start a small retail business are very different to those needed to open the first branch of a planned multi branch franchise. Similarly, buying a franchise from a well-known brand with a proven business model requires a very different approach to starting a completely new business under an unknown brand name.

The perfect place to start would be - a social network where you can gather all the questions that other entrepreneurs asked themselves already - to validate their business. Make money answering questions, Ask.fm - yes these are just the things you need.

These are online social networks that enable people to send questions to each other. You can post yours too - and get popular by getting likes. The more popular you get - more answers you'll start receiving on your questions. Here is a free service you can use to gain likes on your Ask.fm questions : Ask.fm Liker

Now coming back to the questions, here are a few kinds of questions you can ask in the Make money answering questions community, to validate your startup idea - before you commit significant time, money or other resources to its launch:
  1. What problem are you solving?
  2. How have others attempted to solve this problem before, and why did their solutions succeed or fail?
  3. If you had a chance for a "do-over" in life, what would you do differently?
  4. What do you feel most proud of?
  5. How many specific benefits for your product or idea can you list?
  6. Why did you choose that profession?
  7. Can you state, in clear language, the key features of your product or service?
    Not being able to easily describe the key features of your idea is a warning sign that the idea isn't well thought out yet. Ask others, and find out how they are pointing you to their features. Will give you an idea on what features of your business you should rather focus on.
  8. How do you spend your free time?
  9. If you won the lottery, what would you do?
    This is a fun question that reveals so much about a person and their attitudes about money, work, and life passion. Would they leave their job? Buy their dream home? Do something altruistic? Would they be happy about having a lot of money or want to avoid it? Moreover, how your business help them?
  10. What are your top three favourite books and why?
  11. Does your idea already exist in the same way you were going to create it?
    If a similar solution exists, how will yours be different? If you don't have any clear differentiating benefits or features, you likely need a new idea.
  12. What does your company look like in 1, 3, and 5 years?
    Answer this quickly. It's okay to "dream" a bit here. Three to five years is a long time away, and the point of this article is to get you past planning mode and into execution mode. So dream a little bit. Once you're actually executing, you'll have a better (more realistic) idea of what to aim for in 3 to 5 years.
  13. How much do you have to charge to earn a profit?
    For bloggers, how much does it cost you monthly to run your blog? In addition to the hard costs (hosting), don't forget to count the time involved. How much would you like to earn each month? That number plus your expenses is your target sales volume.

Make money answering questions has a popular post on this topic: How to ask the right questions?. Go through their FAQ section as well. You'll find some interesting stuffs! Of course I'm talking about - how you can ACTUALLY make money in the community - as the name implies. And that's pretty easy as well!

Ask a seasoned entrepreneur and they will tell you there is so much to learn that most people just don't know where to start. Many people never make it past the dreaming stage, which is understandable since finding all the right resources and information you need from a standing start can feel like a huge task. Often people worry about the wrong things and can get lost and forget about the bigger picture.

Getting popular in Make money answering questions and Ask.fm will also ensure you get started on the right track with access to helpful information, resources and expert advice.


Music advertising

 

Social sharing

  1. MySpace Music Like
    MySpace has a high value because of it's massive userbase, which in turn provides a potentially rich source of advertising income. Given the audience is a young demographic it's a very lucrative market for advertisers.
  2. MySpace Music Play
  3. Make money with MySpace
  4. Reverbnation Plays increaser
    With almost four million registered People on Reverbnation it would be a mistake for anyone to take that marketing chance for granted. Get on the Reverbnation Trending Now list with the help of Get Free Followers!
  5. How to get Reverbnation Fans?
  6. Soundcloud Comments
    Just show the world how talented you are via Soundcloud. Get Free Followers drives REAL targeted traffic to your page, leading to more plays, likes, comments, reposts and followers!
  7. Free Soundcloud Likes
  8. How to get more Plays on Soundcloud?
    The best way of doing this is by dominating Soundcloud with the help of Get Free Followers.
 
  1. Post to more than 18 different networks - FREE.
    1. BizSugar
    2. Blokube
    3. Delicious Bookmarks
    4. Design Float
    5. Design Shovel
    6. Diigo Bookmarking
    7. Blog Engage
    8. How to earn money from Facebook Likes?
    9. Get FREE Facebook Shares
    10. How to make money on Google Plus?
    11. How to make money on LinkedIn?
    12. NewsMeBack
    13. Get paid to Pin on Pinterest
    14. Post on Reddit
    15. How to get traffic from Twitter?
    16. Stumbleupon marketing
    17. VK marketing
    18. XING
...