Category Archives: Opinion

Bitcoin Cash Price Technical Analysis – BCH/USD Trims Recent Gains

Key Points

  • Bitcoin cash price after trading as high as $2948 started a new downside wave against the US Dollar.
  • There was a break below a short-term bullish trend line with support at $2560 on the hourly chart of BCH/USD (data feed from Kraken).
  • The pair is now back in the bearish zone below $2600 and the 100 hourly simple moving average.

Bitcoin cash price reversed all its gains from the $2950 high against the US Dollar. BCH/USD is now below $2600 and is showing a few bearish signs.

Bitcoin Cash Price Resistance

It was a bullish run yesterday from the $2550 swing low in bitcoin cash price against the US Dollar. The price traded above the $2800 level and formed a high at $2948. Later, it faced a lot of selling pressure and the price tumbled below the $2700 and $2600 support levels. During the downside move, the price also cleared the $2580 support and settled below the 100 hourly simple moving average.

Moreover, there was a break below a short-term bullish trend line with support at $2560 on the hourly chart of BCH/USD. It seems like the pair has trimmed most of its gains and is currently in the bearish zone below $2500. The recent low formed was at $2353 from where the price attempted a recovery. It moved above the 23.6% Fib retracement level of the last drop from the $2948 high to $2353 low. However, the upside move was capped by the $2550 resistance and the 100 hourly SMA.

Bitcoin Cash Price Technical Analysis BCH USD

Furthermore, there was no break of the 38.2% Fib retracement level of the last drop from the $2948 high to $2353 low. Clearly, BCH is struggling below the $2500 level and it remains at risk of more declines.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is now placed heavily in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is now well below the 50 level.

Major Support Level – $2350

Major Resistance Level – $2550

 

Charts courtesy – Trading View, Kraken

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Move aside Bitcoin and remember why you are here

As 2018 dawns it is hard to see the mania of 2017 around cryptocurrencies dwindling. More and more businesses are looking to do an asset raise via the creation of a crypto and of course the “blue-chip” crypto, Bitcoin, remains firmly in many headlines. The debate as to whether we are in a bubble fit to burst or not will continue and that debate will only get more heated if Bitcoin makes another attempt at breaking $20,000. While everyone is focused on whether it is going to reach $20, $50, $100 thousand, they are missing the bigger story about the underlying technology: blockchain (or distributed ledger, call it what you will). At BTL we really don’t care about what Bitcoin does because it has no impact on what we’re doing. Since 2015 we’ve been building Interbit, a new blockchain platform and the journey to date has been both fascinating, as the technology evolves, but also enlightening for our clients and us.

The analogy between many of the really exciting blockchain technology projects and the crypto markets is unhelpful. This is mainly due to a clear lack of understanding and knowledge of the difference. This lack of knowledge marks challenges we face regularly, as we continue to communicate what we do at BTL, which I reiterate, has nothing to do with cryptocurrencies. It is not difficult to get your head around, but several conversations with people (some are even designated technology “experts”) where I’ve explained what our Interbit platform is, have ended with them saying that it sounds like a cryptocurrency. Another was via a general enquiry where the person asked “how does the Interbit platform handle mining”. This last conversation did not last long!

It’s the inherent trust that blockchain builds within the foundation of cryptocurrencies that has led to investors flocking to them without doing very much due diligence, so we hear of crypto millionaires as much as people losing a great deal of money when buying the ones that are badly administered and see their price crash. Of course cryptos and blockchain go hand in glove, but where cryptos are created and maintained using blockchain technology, the latter does not rely on the former to exist. In fact, blockchain tech doesn’t need tokenization in any shape or form to be massively impactful.

Regardless of your view on these new digital assets however, there’s no question that if it wasn’t for blockchain technology itself, the Bitcoins, Litecoins, or Ethers of this world wouldn’t be in existence. For the past few years industry has been exploring how blockchain can help transform the transfer, validation and storage of data, whether that be in either back office or trading processes. In these few years we’ve learnt a great deal about blockchain’s hindrances and weaknesses, in particular speed and scalability. Now we are seeing solutions addressing these weaknesses by developing better blockchain technologies, using familiar software paradigms that ease adoption by in house development teams. This means enterprises do not need to rely on niche and expensive skill sets.

We believe this is a foundation technology where we are building a new, simpler, more secure way of computing, with Interbit being the next generation of blockchain.

Ripple Price Technical Analysis – XRP/USD Remains Buy on Dips

Key Highlights

  • Ripple price is moving higher and it recently broke the $1.15 resistance area against the US Dollar.
  • There is a key bullish trend line forming with support at $1.1000 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might a few points on the downside and test the $1.1000 support area in the near term.

Ripple price is placed nicely in the positive area against the US Dollar and Bitcoin. XRP/USD remains buy on dips near the $1.10 and $1.05 support levels.

Ripple Price Trend

There was an extension to the last bullish wave above $1.1000 in Ripple price against the US Dollar. The price traded above the $1.2500 resistance level and moved towards the $1.3000 level. A high was formed at $1.3013 from where a downside correction was initiated. It has moved below the 23.6% Fib retracement level of the last wave from the $0.8650 low to $1.3013 high.

There is a decent trend formed above the $1.0000 level and the price remains in the bullish zone. On the downside, there is a key bullish trend line forming with support at $1.1000 on the hourly chart of the XRP/USD pair. The trend line support at $1.1000 is very crucial since it is a major pivot. The 50% Fib retracement level of the last wave from the $0.8650 low to $1.3013 high is also around the trend line. Below the trend line support at $1.1000, the 100 hourly simple moving average is positioned at $1.0200. If there is an extension to the current correction, then the pair might test the $1.1000 support area.

Ripple Price Technical Analysis XRP USD

Overall, it remains in the bullish zone above $1.0000. Any major dips remain support above $1.0000.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slightly in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently testing the 50 level.

Major Support Level – $1.1000

Major Resistance Level – $1.3000

 

Charts courtesy – Trading View, Kraken

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Bitcoin Cash Price Technical Analysis – BCH/USD to Retest $2500?

Key Points

  • Bitcoin cash price is moving lower from the $2960 swing high against the US Dollar.
  • There was a break below a major bullish trend line with support at $2840 on the hourly chart of BCH/USD (data feed from Kraken).
  • The pair might continue to decline and it will most likely retest the $2500 support area.

Bitcoin cash price is trading lower from $3000 against the US Dollar. BCH/USD might decline further towards the $2500 and $2400 support levels.

Bitcoin Cash Price Resistance

There was a decent upside move in bitcoin cash price above the $2600 level against the US Dollar. The price traded towards the $3000 level, but there was no test of the stated level. A high was formed near $2960 and the price started a downside correction. It traded below the $2800 support. There was also a break below a major bullish trend line with support at $2840 on the hourly chart of BCH/USD.

The pair traded below the $2600 support and formed a low at $2543. Later, an upside wave was initiated and the price moved above the $2600 level. It also moved above the 23.6% Fib retracement level of the last decline from the $2960 high to $2543 low. However, the upside wave was protected by the $2750 resistance level. Moreover, the 38.2% Fib retracement level of the last decline from the $2960 high to $2543 low also acted as a resistance. On the upside, there is also a bearish trend line on the same chart with current resistance at $2750.

Bitcoin Cash Price Technical Analysis BCH USD

Therefore, it seems like the price is facing a major resistance at $2750. BCH might decline once again and retest the $2500 support area.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is showing signs of a trend change.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is still way below the 50 level.

Major Support Level – $2500

Major Resistance Level – $2750

 

Charts courtesy – Trading View, Kraken

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Human error as a limitation for Blockchain adoption?


Photo by William Bout on Unsplash

While Bitcoin has become a buzzword in today’s market, the technology behind it, Blockchain, serves as a platform for much more than just a digital currency. Ethereum, proclaimed “version 2.0 of Bitcoin” shows that distributed ledger technology is disrupting the concept of value through enabling allegedly secure and trustworthy transactions of assets. Nevertheless, news such as the Bitfinex hack or the more recent Bithumb hack reveal that certain deficits are standing in the way of a mass adoption of Blockchain. This paper discusses weaknesses related to human error, focusing on users and developers and proposing improvement approaches.

Firstly, it can be said that Blockchain involves different parties, whether they are developers, speculators, users or even hackers. The effect of developers making mistakes when writing code for Blockchain applications is demonstrated by the recent software bug of Parity’s wallet. While searching for bugs, a person accidentally became the owner of several wallets and disabled the code that could have saved these in an attempt to reverse the error. It is unclear whether the loss (estimated at $150m-$300m) can be recovered. Naturally, such publicly discussed errors are preventing the usage of Blockchain by risk-averse people.

When it comes to the users, the inalterability of Blockchain is considered to serve as protection against manipulative attempts. Nevertheless, there are voices that think that this inability to change data will serve as an impediment. For instance, Richard Lumb of Accenture stated that even smart contracts were prone to human error and that even the most sophisticated IT architectures would lead to results that demand reversible consequences. His thesis is supported by EU’s so-called “right to be forgotten ruling”. Should the 1995 Data Protection Directive apply to Blockchain as it does to search engines, an EU citizen could require the removal of inaccurate or inadequate data. Hence, human error in the light of “inaccurate” data being transferred constitutes an impediment in the light of EU’s data protection regulations.

When discussing opportunities for improvement, educating users and developers is a first very important step in reducing human error. The Bithumb Hack was e.g. only possible through voice phishing. Users need to be aware of multi-factor authentication and of how the technology works in order to prevent phishing attempts. Simultaneously, developers have to be educated to provide secure platforms and minimize bugs. One example of up-to-date expert knowledge is at RIAT-Institute for Future Cryptoeconomics that provides education in the form of the Blockchain Academy through workshops, extensive trainings and consulting.

In an informal interview conducted with a representative of RIAT, he stated that errors in the Blockchain itself were rare, but would rather occur at the interface with websites, wallets etc. offered on different platforms. Consequently, education of both users and developers should serve as a basis for minimizing human errors and by that, allow the increase in Blockchain adoption.

Sources

Annison, T. (2017). The Bithumb Hack: Blockchain or Human Error to Blame?. Retrieved November 9, 2017 from https://themarketmogul.com/bithumb-hacked/.

BBC. (2017). Code bug freezes $150m of Ethereum crypto-cash. Retrieved November 9, 2017 from http://www.bbc.co.uk/news/technology-41928147.

Bloomberg. (2017). Bitcoin Is the Market’s Favorite Buzzword. Retrieved November 9, 2017 from https://www.bloomberg.com/news/articles/2017-09-28/bitcoin-name-dropping-revives-market- memories-of-dot-com-mania.
ECJ. (2014). Judgment in Case C-131/12 Google Spain SL, Google Inc. v Agencia Española de Protección de Datos, Mario Costeja González. Press Release №70/14.

Forbes. (n.d.). How Is Ethereum Different From Bitcoin?. Retrieved November 9, 2017 from https://www.forbes.com/sites/quora/2017/09/14/how-is-ethereum-different-from- bitcoin/#2f70f879502b.
Martins, F.P. (2016). Die Blockchain als Business-Treiber. Retrieved November 9, 2017 from http://www.cebit.de/de/news-trends/news/die-blockchain-als-business-treiber-995.

RIAT — Institute for Future Cryptoeconomics (n.d.). Blockchain Academy. Retrieved on November 9, 2017 from http://riat.at/academy/.
Reuters. (2016). Bitcoin Worth $72M Was Stolen in Bitfinex Exchange Hack in Hong Kong. Retrieved November 9, 2017 from http://fortune.com/2016/08/03/bitcoin-stolen-bitfinex-hack-hong-kong/. Swan, M. (2015). Blockchain: Blueprint for a new economy. Sebastopol. CA: O’Reilly Media.

Ripple Price Technical Analysis – XRP/USD Short-term Correction

Key Highlights

  • Ripple price after surging above $0.8500 against the US Dollar faced sellers and started a downside correction.
  • This is a bearish trend line forming with resistance at $0.7250 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair correct a few points in the near term towards the $0.6000 support area.

Ripple price is currently correcting lower against the US Dollar and Bitcoin. XRP/USD has to move above $0.7250 to resume its uptrend.

Ripple Price Correction

This past week, we saw nasty gains in Ripple price above the $0.8000 level against the US Dollar. The price was able to move above the $0.8500 and $0.8800 resistance levels. However, there was no upside break above the $0.9000 handle. A correction wave was initiated and the price moved down toward the $0.6020 level. It found support above $0.6000 and recovered back towards $0.8500. However, the recovery was limited above $0.8000 and the price is now once again correcting lower.

It has moved below the 50% Fib retracement level of the last wave from the $0.6020 low to $0.8420 high. On the upside, there is a bearish trend line forming with resistance at $0.7250 on the hourly chart of the XRP/USD pair. The pair is following the trend line and is currently below $0.7500 and the 100 hourly simple moving average. It seems like an upside break above the $0.7250 level and the 100 hourly SMA won’t be easy.

Ripple Price Technical Analysis XRP USD

On the downside, the pair recently tested the 76.4% Fib retracement level of the last wave from the $0.6020 low to $0.8420 high. Therefore, there are chances of XRP failing above $0.7200. It could correct further and test the $0.6000 support zone in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is recovering from the 30 level.

Major Support Level – $0.6020

Major Resistance Level – $0.7250

 

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – XRP/USD Short-term Correction appeared first on NEWSBTC.

Bitcoin Cash Price Weekly Analysis – BCH/USD Struggling Above $1500

Key Points

  • Bitcoin cash price is following a decreasing slope and is facing sellers near $1480-1500 against the US Dollar.
  • There are two major bearish trend lines forming with resistance at $1410 and $1440 on the 4-hours chart of BCH/USD (data feed from Kraken).
  • The pair is currently moving down and is approaching the $1150-1100 support area.

Bitcoin cash price is struggling to gain traction above $1500 against the US Dollar. BCH/USD has to stay above $1100 to avoid any further declines.

Bitcoin Cash Price Upside Hurdle

There were a couple of swing moves in bitcoin cash price above the $1400 level against the US Dollar. However, the price failed to gain momentum every time above $1500. It also failed to move above the $1600 once and is currently facing sellers near the 100 simple moving average (4-hours). Recently, the price traded higher from the $1140 low. It moved above the 50% Fib retracement level of the last decline from the $1610 high to $1140 low.

However, the price was rejected from $1480 and the price moved below the $1350 support area. Moreover, the 61.8% Fib retracement level of the last decline from the $1610 high to $1140 low acted as a hurdle. More importantly, there are two major bearish trend lines forming with resistance at $1410 and $1440 on the 4-hours chart of BCH/USD. These trend lines around $1450 and the 100 simple moving average (4-hours) are acting as major upside hurdles for buyers.

Bitcoin Cash Price Weekly Analysis BCH USD

The price is now moving lower once again towards the $1200 level. On the downside, the most important support is around the $1140-1100 zone. The pair has to stay above the mentioned $1100 support in order to avoid more declines in the near term.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is now in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is heading lower towards the 35 level.

Major Support Level – $1100

Major Resistance Level – $1450

 

Charts courtesy – Trading View, Kraken

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Ethereum Price Weekly Analysis – ETH/USD Uptrend Intact

Key Highlights

  • ETH price rushed towards the $495-500 resistance recently where it faced sellers against the US Dollar.
  • There is a major bullish trend line forming with support near $408 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
  • The pair might continue to move lower, but it remains supported on the downside near $418 and $408.

Ethereum price is moving nicely against the US Dollar and Bitcoin. ETH/USD is correcting lower, but dips remain supported above $408.

Ethereum Price Support

There were mostly ranging moves this past week in ETH price above the $400 handle against the US Dollar. The price tested the $400 support level on a couple of occasions and consolidated for some time. Once the consolidation is over, the price moved higher sharply and traded above $480. The upside move was strong as the price traded toward $500 before it faced sellers. A high was formed at $497.71 from where a correction wave was initiated.

ETH has already moved below the 50% Fib retracement level of the last wave from the $397.30 low to $497.71 high. It seems like the price might continue to move down towards the $428-428 support area. Moreover, there is also a major bullish trend line forming with support near $408 on the 4-hours chart of ETH/USD. An intermediate support is around the 76.4% Fib retracement level of the last wave from the $397.30 low to $497.71 high at $421.

Ethereum Price Weekly Analysis ETH USD

Therefore, there are many supports on the downside above $408 to act as a barrier for more declines. The current trend is still positive and the recent dip can be seen as a correction from $497. As long as the price is above $400, it could resume its uptrend and move above the $460-465 levels.

4-hours MACD – The MACD is slowly moving from the bullish to bearish zone.

4-hours RSI – The RSI is currently below the 50 level.

Major Support Level – $408

Major Resistance Level – $465

 

Charts courtesy – SimpleFX

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Real Life Satoshis — Andreas m. Antonopoulos

Abstract

I have was busy last few days preparing for other stories, getting some work done and also working on the idea for next #RealLikeSatoshi and before I could pen it, I came across a message in reddit about how recently Andreas was mocked at by one “millionaire” and read his response and after reading it I do not know why I became very emotional. And hence I am writing this post as tribute and also to put forth why “Andreas m. Antonopoulos” is not only just one of the greatest Real life Satoshi but also the greatest real life teacher on Bitcoin & future of money that ever was.

The Tweets

It all started with the below tweet of Roger, but instead of targeting Bitcoin Core (“Bitcoin”) or his usual justifying on Bcash as real Bitcoin, he chose to take a jibe on Andreas.

And this was a reply to the earlier tweet by Andreas who like many creators or any evangelist in social space had put his response to an earlier call by others to support him on Patreon. And this is nothing new even I use Patreon in addition to my Crypto tip jar which on Ethereum.

Andreas M. Antonopoulos is creating Videos, Live Q&A, and Books about Bitcoin & Open Blockchains | Patreon

And then was promptly responded by Andreas

Source: https://www.bitsonline.com/antonopoulos-responds-donations-goodwill/

The Reddit Post

https://amp.reddit.com/r/Bitcoin/comments/7hylea/andreas_antonopoulos_posted_this_response_to_a/?__twitter_impression=true

The reddit post is provided below:

Andreas M. Antonopoulos posted
In defense of optimism Yesterday, I woke to a flurry of activity on Twitter. A prominent member of the bitcoin community had decided to a message to me that many perceived as critical. The tweet pointed out that had I managed my money better I would be wealthy and wouldn’t need the support of patrons. It was in response to a message I posted on Twitter a week earlier, to once again dispel the impression that I am a bitcoin millionaire. It is hard for many to accept that someone who has been involved since 2012 has not amassed a great fortune in bitcoin. The truth, however, is that due to circumstances and some poor choices I made, I was not able to benefit as much from the rise of bitcoin as some others have.

At the end of 2012, when I heard about bitcoin, I had been working as a freelance consultant for about a year after burning out of my previous work as a partner in a research firm. I had a modest retirement fund, a small amount of credit card debt and enough income to make ends meet. I was really in limbo, looking for the next opportunity. Bitcoin arrived into my awareness and slapped me in the face. You’ve all heard my story of tumbling down the rabbit hall, absolutely consumed by awe.

What is not quite obvious is that my obsession also drove me to abandon my consulting work and put all my attention into bitcoin. I worked as hard as I have ever worked, focusing full time on this technology. During this time, I was unable to find any way of making a living through bitcoin. I traveled to speak at conferences (which didn’t even cover expenses), I consulted with startups (which couldn’t pay me), I wrote articles etc. To support my “habit”, I dipped into my savings. I cut back on my expenses as much as I could and started ravaging my savings. By mid-2013 I was forced to start liquidating my retirement funds. In my early 40’s, I was undoing a lifetime of savings, in a way most people would consider irresponsible. While doing so, I incurred penalty taxes for early withdrawal. Then, I went into credit card debt. By the end of 2013 I was “worse than broke”: going into debt at an alarming rate.

Finally, in 2014 I started making a bit of income. I was so deep in debt that I continued to live paycheck to paycheck, struggling to chip away at my debt. It was going to be a long two years before I finally became debt free at the end of 2016.

I won’t complain about the lost opportunity. I am extremely fortunate to be able to live debt free, doing my dream job in a field I absolutely love.

Yesterday, while reading the tweet that criticized me for my poor choices, I felt sick to my stomach. It forced me to confront and relive every choice I made and all the missed opportunities. You see, the critical tweet contained a big grain of truth. I could’ve become wealthy. If only I hadn’t sold. If only I hadn’t given away hundreds of bitcoin to complete strangers. If only I had reduced my expenses more. If only I had made smarter choices. If only…

Working in bitcoin is an endless struggle against cynicism, negativity, regret. Throughout the last 5 years I have always tried to maintain an optimistic and positive outlook, to focus on the long term, to think about the potential to lift billions out of poverty. But every now and then, I get dragged back into the negative. Yesterday was one of those days. I felt crushed.

And then, something amazing happened. Over the next several hours, tens, dozens, then hundreds of people responded. I sat reading the responses with tears in my eyes. An outpouring of positivity washed over me. People I have never met jumped to my defense, reminding me that they started their journey after watching my videos, or reading my books. Some people attacked the original criticism and its author (which I strongly discourage). But the vast majority focused on optimism.

Not only did people remind me of the importance of my work, they also encouraged each other to support me. In the last year, I have gradually received more and more of my income from Patreon. Patreon allows me to regain my financial security without switching my focus to commercial conferences, banking and investment events and chasing the next paycheck. Because of Patreon, I managed to stop selling and finally HODL. Because of Patreon I can dedicate my entire focus to the people who I have always felt like I am working for: the community of crypto-currency dreamers, visionaries and creators. I now finally get to work for you.

Yesterday, you fed my soul. You reminded me why it is so important to remain optimistic, focused and determined to overcome the cynicism. It’s been a long and hard road. Sometimes I get lost. But, every time I do, you step up and help me find my way, find my focus again. You show me that I do not walk alone on this path. You are all there with me. I am part of a wonderful community and you have my back.

Today, I am even more focused on my goals: educate the next 10 million users. Train the next 10,000 developers. Do it all in every medium possible. Do it in more languages. Do it with more energy, with more passion. Do it with unrelenting optimism. In the end, my engine runs on hope, it runs on optimism. And today, it’s turbocharged.

Thank you

Quick Background on Andreas

Andreas M. Antonopoulos information security expert, tech-entrepreneur and author. He is a host on the Let’s Talk Bitcoin podcast and a teaching fellow for the master in science Digital Currencies at the University of Nicosia.

We all know him as an engaging public speaker, teacher and writer, who helps make complex subjects on Bitcoin & Crypto Economics easy to understand.

As an advisor, he helps startups recognize, evaluate, and navigate security and business risks. Andreas was also one of the first to use the phrase “The Internet of Money”, as early as 2013, to describe bitcoin as part of his speaking business.

For more one can read the below links which can give some more insights on how Andreas has been involved with Bitcoin & how he has not just been associated as a Bitcoin evangelist but also has founded a number of bitcoin businesses and launched several community open-source projects.

How I learnt from Andreas

For me the most important resources from Andreas are, his YouTube channel

https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

And his famous book

bitcoinbook/bitcoinbook

Thanks to his vidoes and to his great book, not only me but thousands like me have learnt what is Bitcoin and when I was making my first foray into Blockchain, it was his video among other things that made me realize that the value of Blockhain is not in running in closed gardens but running as a public network and how Bitcoin was not just the internet of money but in its decentralized nature was in effect the future of Finance. Hence for me among many important people in Crypto Land Andreas is “The Teacher”.

My View

I saw many raising the fact that Andreas should have HODL his Bitcoin to see it moon today. But many fail to realize how difficult the period between 2013–2015 was for Bitcoin. The arrest of BitInstant founder in 2014, the BitLicense and then the crash that followed post MT Gox hack were some of the worst times for not only Bitcoin but also for its supporters. Many great people were either ruined or just had to wait it out years before they can come back in.

And it was because of the few who survived those hard times and persevered and help build the community and kept spreading the word of Bitcoin that we see the unstoppable force that Bitcoin is today.

And it is not very difficult to identify that Andreas was some of those who would have staked it call to learn and promote Bitcoin but then not every one is rich or trade. Some invested their money, some invest their time and some invest their intellect into promoting Bitcoin. And on the side of Andreas he did it all he could where while promoting Bitcoin like a Moses, and like an evangelist has helped us all.

Where Andreas & Roger differ

While Roger has been called as the Bitcoin Jesus and now Bitcoin Hated, in early years many would agree he has also done a lot for Bitcoin but has also suffered because of it. But both while evangelizing Bitcoin followed different narrative as to how to promote Bitcoin. While Roger bought publications, built wallets and also put his vision of Bitcoin (“Big Blocks”) and even when got relegated spent good part of last 2–3 years spreading what he thought Bitcoin should be. Andreas on the other hand chose to highlight what Bitcoin already is. He rather chose to educate others as to how Bitcoin works, what is it economic significance and as a fellow member of the community while putting his views did not sound some one who was pushing his agenda but rather some one who gave you an unbiased look at Bitcoin is right now and let us choose how we go on from there.

Final Thoughts

These were my earlier thoughts that I wrote in one of my groups putting it here and they show my raw emotions and final thoughts about this subject.

Noobs like me owe it to Andreas to get the first understanding of Bitcoin and if we can not come out for a teacher then for whom you should come…. All teachers are not Warren buffet or Roger Ver, they promote and educate and that is what Andreas does.

Some of the parts I can so much relate to my life.First I disliked Roger now I damn care about him…. Better let me dedicate my time and effort to promote Bitcoin …. People like Roger let them cook their 💩💩💩 pot…. Let me #LiveLikeBitcoin

P.S. — I guess many like me now are flooding Andreas with their support and love for the work he has done for so long promoting Bitcoin.



Real Life Satoshis — Andreas m. Antonopoulos was originally published in Crypt Bytes Tech on Medium, where people are continuing the conversation by highlighting and responding to this story.

DIMPAY – Your B2B Crypto Solution

A few things about DIMPAY DIMPAY is a fast, decentralized payment system that is based on NEM blockchain technology. The implementation of such technology makes the platform less expensive, faster and transparent, eliminating the need for third party ledgers. DIMPAY was created to facilitate peer to peer, business to business, consumer to business and business […]

Ethereum Price Technical Analysis – Can ETH/USD Hold 100 SMA?

Key Highlights

  • ETH price is correcting lower from the $478 swing high against the US Dollar, but it remains supported.
  • There is a key contracting triangle forming with resistance near $478-480 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair has to stay above the $450 support and the 100 hourly simple moving average to move back higher.

Ethereum price is correcting lower against the US Dollar and Bitcoin. ETH/USD has to stay above $440-450 and the 100 hourly SMA to remain in the bullish zone.

Ethereum Price Resistance

There was a decent price action in ETH price above $440 against the US Dollar. The price remained in the bullish zone and it recently traded as high as $478.05 before initiating a downside correction. It is important to note that the price faced a major connecting resistance trend line at $478 that prevented further gains. During the decline, the downside move found support near $440 and the 100 hourly simple moving average.

There was once a close below $448-450 and the 100 hourly SMA. However, the price moved back in the bullish zone above $448-450 and also settled above the 100 hourly SMA. It seems like there is a key contracting triangle forming with resistance near $478-480 on the hourly chart of ETH/USD. The pair is currently above the 38.2% Fib retracement level of the last drop from the $478.05 high to $441.65 low.

Ethereum Price Technical Analysis ETH USD

However, the price is struggling to gain traction above $460-465. Moreover, the 50% Fib retracement level of the last drop from the $478.05 high to $441.65 low is acting as a resistance. Overall, the trend is positive as long as the price is above $440 and the 100 hourly SMA.

Hourly MACD – The MACD is about to move back in the bearish zone.

Hourly RSI – The RSI is currently well below the 50 level and is showing a few bearish signs.

Major Support Level – $440

Major Resistance Level – $478

 

Charts courtesy – SimpleFX

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Bitcoin Price Weekly Analysis – BTC/USD’s Upside Drift

Key Points

  • Bitcoin price continues to trade higher and it recently moved above $8800 against the US Dollar.
  • There was a break above an ascending channel with resistance at $8650 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
  • The pair is now gaining pace above $8500 and looks set to break the $9000 level in the near term.

Bitcoin price is moving higher above $8800 against the US Dollar. BTC/USD might soon break $9000 to trade further higher in the near term.

Bitcoin Price Upside Break

There were continuing gains in bitcoin price above the $8000 level against the US Dollar. The price was able to move above the $8800 level as well and formed a new all-time high at $8888.46. During the upside move, there was a break above the $7500 and $8000 resistance levels. Moreover, there was a break above an ascending channel with resistance at $8650 on the 4-hours chart of BTC/USD.

The mentioned breaks opened the doors for more gains above $8800. It seems like the current trend is very positive and the price is likely to accelerate higher above $8800. The next resistance on the way is around the $9000 level. On the downside, the broken channel near $8650 is likely to act as a support if the price moves down. Moreover, the 23.6% Fib retracement level of the last wave from the $875 low to $8888 high is also near $8650.

Bitcoin Price Weekly Analysis BTC USD

Therefore, the $8650 level is a major support in the short term. Below $8650, the 50% Fib retracement level of the last wave from the $875 low to $8888 high at $8382 might be tested. Below this last, the most important support zone is near $8200-8000. The upside targets could be $9000, $9200 and $9800.

Looking at the technical indicators:              

4-hours MACD – The MACD is placed well in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI is moving higher in the overbought levels above 75.

Major Support Level – $8650

Major Resistance Level – $9000

 

Charts courtesy – SimpleFX

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Ethereum Price Technical Analysis – ETH/USD Eyeing Upsides

Key Highlights

  • ETH price is slowly moving higher and recently broke the $312 resistance against the US Dollar.
  • There is a major bullish trend line forming with support at $308 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price is about to dip or correct lower, but remains supported above the $305 level.

Ethereum price is slowly gaining pace against the US Dollar and Bitcoin. ETH/USD is now well above $305 and looking to extend gains.

Ethereum Price Trend

There was a decent upside move in ETH price from $297 against the US Dollar. The price gained pace and moved above the $307 level and the 100 hourly simple moving average. The current wave is positive above the 50% Fib retracement level of the last decline from the $326 high to $288 low. At present, the price is attempting a close above a bearish trend line with resistance at $313.

If buyers succeed in gaining momentum above $315, there can be more upsides above $320. On the downside, there is a major bullish trend line forming with support at $308 on the hourly chart of ETH/USD. An initial support is around the 23.6% Fib retracement level of the last wave from the $301.45 low to $316.30 high. However, the most important support is near $305-307 and the 50% Fib retracement level of the last wave from the $301.45 low to $316.30 high.

Ethereum Price Technical Analysis ETH USD

The current price action is positive above $305, but buyers need to push the price above $320. If they fail, there is a chance of a downside reaction back towards $300. On the upside, if there is a break above $320, the price could test the $326-328 area. Any further gains depend on whether ETH/USD can move above $330 or not.

Hourly MACD – The MACD is slowly moving in the bullish slope.

Hourly RSI – The RSI is well above the 50 level.

Major Support Level – $307

Major Resistance Level – $320

 

Charts courtesy – SimpleFX

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Bitcoin Price Weekly Analysis – BTC/USD Breaks Key Support

Key Points

  • Bitcoin price struggled to move above the $7770 level against the US Dollar and started a downside move.
  • There was a break below a major bullish trend line with support at $6780 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
  • The pair is now well below the $6500 level and remains in the bearish zone.

Bitcoin price struggled and moved below $6500 against the US Dollar. BTC/USD might continue to decline and it could even break $6000.

Bitcoin Price Turned Bearish?

It was yet another bullish week for bitcoin price as it moved above the $7500 level against the US Dollar. The price even managed to move above $7700 and traded to a new all-time high of $7773. Later, it failed to hold gains and started a downside move. It broke the 23.6% Fib retracement level of the last wave from the $5362 low to $7773 high. The downside move was strong as the price broke the $7000 level and the 100 simple moving average (H4).

Sellers even broke a major bullish trend line with support at $6780 on the 4-hours chart of BTC/USD. Moreover, the pair is now well below the 50% Fib retracement level of the last wave from the $5362 low to $7773 high. That’s why, there are chances of it extending declines in the near term. At present, the pair seems to be approaching the $6000 handle, which might act as a support. Once there is a break of the $6000 level, there are chances of more declines toward $5650.

Bitcoin Price Weekly Analysis BTC USD

On the upside, the broken support near $6750 and the 100 simple moving average (H4) are resistance zones. Selling rallies near $6750 can be opted in the short term as long as the price is below $7000.

Looking at the technical indicators:              

4-hours MACD – The MACD is gaining pace in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently near the oversold levels.

Major Support Level – $6000

Major Resistance Level – $6750

 

Charts courtesy – SimpleFX

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Ripple Price Technical Analysis – XRP/USD Eyeing Upside Break

Key Highlights

  • Ripple price is placed well above the $0.2150 support and eyeing further gains against the US Dollar.
  • There is a new connecting bullish trend line forming with support at $0.2180 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is likely to move higher and it could even break the $0.2250 resistance in the near term.

Ripple price is eyeing more gains against the US Dollar and Bitcoin. XRP/USD might break higher above the $0.2250 level to test $0.2300.

Ripple Price Support

It seems like Ripple price is forming a decent support base above $0.2150 against the US Dollar. The price even settled above the $0.2180 level and recently traded as high as $0.2240. After trading near $0.2240, the price started a downside correction and traded below the 23.6% Fib retracement level of the last wave from the $0.2000 low to $0.2240 high.

The downside move was limited since the $0.2120 support held losses. Moreover, the 50% Fib retracement level of the last wave from the $0.2000 low to $0.2240 high acted as a major support. It seems like there is a new connecting bullish trend line forming with support at $0.2180 on the hourly chart of the XRP/USD pair. The pair is following the trend line and is currently placed above the $0.2200 level. It might soon gain pace and attempt an upside break above the $0.2250 level in the near term.

Ripple Price Technical Analysis XRP USD

The next upside hurdle is near $0.2300 where sellers might appear. On the downside, the $0.2150 support is important along with the trend line. Only a close below $0.2120 would call for a test of the next support at $0.2000.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is attempting to move back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is above the 50 level and heading higher.

Major Support Level – $0.2180

Major Resistance Level – $0.2250

 

Charts courtesy – Trading View, Kraken

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Bitcoin Cash Price Weekly Analysis – BCH/USD Holding Uptrend Support

Key Points

  • Bitcoin cash price surged higher this past week and broke $600 against the US Dollar.
  • There is a major bullish trend line forming with support at $600 on the 4-hours chart of BCH/USD (data feed from Kraken).
  • The pair must remain above the $600 handle if it has to stay in the bullish zone.

Bitcoin cash price rocketed higher towards $700 against the US Dollar. BCH/USD is currently correcting and holding an important support at $600.

Bitcoin Cash Price Support

It was a bullish week for Bitcoin cash price as it climbed above the $500 and $600 levels against the US Dollar. The price even made a nice upside move above $650 to test the $700 handle. However, it failed at $684 and started a downside correction. There was a downside reaction towards below the 23.6% Fib retracement level of the last wave from the $430 low to $684 high.

However, the downside move found support near $585. The 38.2% Fib retracement level of the last wave from the $430 low to $684 high also protected losses. On the downside, there is a major bullish trend line forming with support at $600 on the 4-hours chart of BCH/USD. As long as the pair remains above the trend line support and $600, it is likely to continue moving higher. On the upside, the $650 and $685 levels are resistance levels. However, the most important resistance is near $700.

Bitcoin Cash Price Weekly Analysis BCH USD

On the other hand, a break of $600 could ignite a wave towards $550 and the 50% Fib retracement level of the last wave from the $430 low to $684 high. The overall trend is bullish as long as the price is above $600.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is slightly in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is moving lower towards the 60 level.

Major Support Level – $600

Major Resistance Level – $685

 

Charts courtesy – Trading View, Kraken

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Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Short-term Break

Key Points Bitcoin cash price is consolidating above the $320 support area against the US Dollar. There is a short-term contracting triangle forming with resistance near $335 on the hourly chart of BCH/USD (data feed from Kraken). The price might dip once more before moving higher above the $330-340 levels. Bitcoin cash price is moving … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Short-term Break

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Bitcoin Cash Price Technical Analysis – BCH/USD Back To Square One

Key Points Bitcoin cash price declined sharply from $390 and traded towards $300 against the US Dollar. A major bullish trend line with support at $310 prevented declines on the hourly chart of BCH/USD (data feed from Kraken). The price is now back in the bearish zone below the $350 resistance level. Bitcoin cash price … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Back To Square One

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Bitcoin Cash Price Technical Analysis – BCH/USD Burst Above $350

Key Points Bitcoin cash price surged higher and broke an important resistance at $350 against the US Dollar. This week’s highlighted contracting triangle pattern with resistance at $320 was broken on the hourly chart of BCH/USD (data feed from Kraken). The price is now placed well above the $350 level and eying more gains in … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Burst Above $350

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CryptoThoughts — Integrity in Running TokenSale

Well this is a small blog post I am writing to quickly voice my opinion, on an event which was very difficult for me to decide. It so happened that on my humble blog I wrote about an ICO and with some twist of fate, my Blog got better SEO which was un-intentional. I had voiced my opinion about the ICO and also written about how in some forums questions were raised about the ICO. While my intention of writing the Blog was not to promote my blog or bring negative publicity to the ICO itself but inadvertently I was approached by one of the founders of the ICO was offered some ETH to take down my post.

Initially I offered to include the opinion of the founders in my blog, but the complete take down was something I did not want to do. Well there were some issues I had with the conversation I had with the founder and here is what I think.

  1. A negative post getting high SEO about an ICO should not matter if the integrity of the ICO is strong. Their work and their conduct will reflect for itself.
  2. I was offered ETH in return for taking down the ICO. Now my concern is that while it makes perfect business sense to engage with the detractors and also work out a positive deal where a better name is given to a project or ICO, in this particular case where 10–20 and even 100 ETH that was offered to take down the Blog was unfortunate because what I feel is that the money I was being offered was investor money and each satoshi or ETH should be invested in making the project positive rather paying off to detractors like me.

Finally

While I will not name the founder or the project, I wish that all ICO founders take the ICO that they are running seriously and should rather focus on investing time, effort and money they raise through ICOs into making their projects success and bringing value to the community rather wasting the investor money on swaky offices/lifestyle and wasteful expenditures like the above instance.

While most of the ICO founders a following a FOMO approach to cash on the ICO craze now, many of them forget the importance of sustaining this model of venture capital which would not only help them but if developed will help create a sustainable ecosystem for larger pool of projects and innovators. Hence rather than waiting for Regulators to crack down it is better for founders to act responsibly and instead of looking to cash out the funds and then go into thin air, rather handle investor money and the whole ICO process with morality and care.



CryptoThoughts — Integrity in Running TokenSale was originally published in Crypt Bytes Tech on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin Price Weekly Analysis – BTC/USD To Surpass $4600

Key Points Bitcoin price is back in the bullish zone and might soon break the $4600 level against the US Dollar. There is a crucial contracting triangle pattern forming with support at $4320 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair might continue to move higher and remains a buy on … Continue reading Bitcoin Price Weekly Analysis – BTC/USD To Surpass $4600

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Ripple Price Technical Analysis – XRP/USD Breaks Key Resistance

Key Highlights Ripple price surged higher and broke a major resistance near $0.2150 against the US Dollar. There are two connecting bullish trend lines forming with support at $0.2100 and $0.2010 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might continue to gain pace and it could even break … Continue reading Ripple Price Technical Analysis – XRP/USD Breaks Key Resistance

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Ethereum Price Technical Analysis – ETH/USD Remains Range Bound

Key Highlights ETH price is trading in a range with resistance near the $302-304 levels against the US Dollar. There is a key bullish trend line forming with support at $297 on the hourly chart of ETH/USD (data feed via SimpleFX). The price is now above $295 and the 100 hourly simple moving average, which … Continue reading Ethereum Price Technical Analysis – ETH/USD Remains Range Bound

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Bitcoin Cash Price Technical Analysis – BCH/USD To Retest $480?

Key Points Bitcoin cash price found strong bids near $420 against the US Dollar and traded higher. Yesterday’s highlighted short-term contracting triangle pattern with resistance near $422 on the hourly chart of BCH/USD (data feed from Kraken) was broken. The price is now trading above the $440-450 support area and looking to extend gains. Bitcoin … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD To Retest $480?

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Mainstreaming Cryptocurrency: Three Ecosystems That Will Lead The Way

It’s been nearly a decade since the launch of a new peer-to-peer electronic cash system we know as Bitcoin. Slowly the world is beginning to see value of this mysterious internet money as more and more vendors adopt digital currency into their ecosystem. But what will it take to actually gain mainstream adoption for cryptocurrency?

image source

Ben Bernanke, the former chairman of the Federal Reserve (2006–2014) had cited former Vice Chairman Alan Blinder’s testimony written in a letter to the Senators of the Committee on Homeland Security and Government affairs dated September 6, 2013 that “there are also areas in which they (electronic money) may hold long-term promise, particularly if the innovations promote a faster, more secure and efficient payment system.” 1

In April, 2017, Japan recognized bitcoin as an official method of payment and less than a week later major retailers were partnering with Japanese exchanges to accept digital currencies for their goods. 2

What have the Japanese tapped that the rest of the world is just beginning to wake up to? The answer is simple: billions of dollars in liquid cryptocurrency that people want to spend on goods and services. Unfortunately there are major roadblocks hampering mass adoption.

Changing consumer habits will not happen with blockchain technology, geek speak, and the latest app alone. For a decade cryptocurrency has catered to a very niche group but it is finally gaining its stride by expanding into mainstream markets and reaching those who need it the most. But even more than offering a product or service, creating a healthy ecosystem to promote those products and services is crucial.

William Mougayar, author of The Business Blockchain, investor and advisor stated: “The key thing that needs to happen is the explicit linkage of the token with the usage, whether that usage is directly linked to the end-user or the developer.” 3

Let’s then talk about the unbanked. There are approximately two billion unbanked people worldwide and yet, according to World Bank’s data, more than 20% of unbanked adults receive wages or government supplements in cash. 4 Immigrants often send funds back to their home country to support families and it is these people, who can least afford it, that pays exorbitant fees for the privilege of using costly wire transfers to send their hard-earned cash.

Three initiatives that will open the doors to crypto

STEEMIT

More than just another blogging platform, Steemit has introduced cryptocurrency to content creators of all ages and all walks of life from around the globe. In the crypto world Steemit did an amazing thing: They harnessed the power of community first; and almost as an aside rewarded their users with tokens of appreciation, which happen to carry monetary value.

Mainstream bloggers and creative artists to gamers and anarchists come together on one platform to share, earn, and tip through upvotes and comments. Their earnings split into short-term liquid funds and long-term investment. There is a reason behind their mantra: “Come for the rewards. Stay for the community.”

VIVA

The VIVA project is a broad-reaching cryptocurrency ecosystem which works with fiat instead of trying to replace it. Their integration includes a healthy DEX, crypto wallet, Stored Value Facility (SVF) with banking and remittance capability, and the ability to easily transfer funds around the world for minimal cost.

“The VIVAconomy harnesses the cumulative power of all the transactions that occur in the system and reinvests them in the long-term future of everyone involved.” — Dawn Parker Waites, CEO

Beyond banking capabilities, they understand that there may be a point in our near future when there will not be enough jobs. Not to underscore the value of Universal Basic Income, VIVA is initiating something better — dockerized worker nodes allowing anyone with available CPUs to earn income.

OPEN MONEY

Everyone uses some kind of technology and tapping into software development may be the battering ram that takes down the castle doors. The founders of Open Money envision a world where their products tap into the value of blockchain and cryptocurrency technology. Instead of launching a single product they too see the value of presenting a whole ecosystem for streamlining the adoption of cryptocurrency.

Rather than replace the familiar Apple and Android app stores, the Open Money team want to create a bridge that afford software developers a larger stake for their products, tools to integrate their creation into the cryptosphere without spending untold resources on recreating their work, and benefit from the billions of dollars in digital currency.

Going Mainstream

The combined forces of these three crypto enterprises packs a solid punch through the brick and mortar walls by virtue of community strength, fiscal responsibility, and software development because, as Mougayar suggests, they tie usage to the end-user and developer. Get your digital wallets ready; the future is already here.

Originally published at steemit.com on September 22, 2017.

Mainstreaming Cryptocurrency: Three Ecosystems That Will Lead The Way

It’s been nearly a decade since the launch of a new peer-to-peer electronic cash system we know as Bitcoin. Slowly the world is beginning to see value of this mysterious internet money as more and more vendors adopt digital currency into their ecosystem. But what will it take to actually gain mainstream adoption for cryptocurrency?

image source

Ben Bernanke, the former chairman of the Federal Reserve (2006–2014) had cited former Vice Chairman Alan Blinder’s testimony written in a letter to the Senators of the Committee on Homeland Security and Government affairs dated September 6, 2013 that “there are also areas in which they (electronic money) may hold long-term promise, particularly if the innovations promote a faster, more secure and efficient payment system.” 1

In April, 2017, Japan recognized bitcoin as an official method of payment and less than a week later major retailers were partnering with Japanese exchanges to accept digital currencies for their goods. 2

What have the Japanese tapped that the rest of the world is just beginning to wake up to? The answer is simple: billions of dollars in liquid cryptocurrency that people want to spend on goods and services. Unfortunately there are major roadblocks hampering mass adoption.

Changing consumer habits will not happen with blockchain technology, geek speak, and the latest app alone. For a decade cryptocurrency has catered to a very niche group but it is finally gaining its stride by expanding into mainstream markets and reaching those who need it the most. But even more than offering a product or service, creating a healthy ecosystem to promote those products and services is crucial.

William Mougayar, author of The Business Blockchain, investor and advisor stated: “The key thing that needs to happen is the explicit linkage of the token with the usage, whether that usage is directly linked to the end-user or the developer.” 3

Let’s then talk about the unbanked. There are approximately two billion unbanked people worldwide and yet, according to World Bank’s data, more than 20% of unbanked adults receive wages or government supplements in cash. 4 Immigrants often send funds back to their home country to support families and it is these people, who can least afford it, that pays exorbitant fees for the privilege of using costly wire transfers to send their hard-earned cash.

Three initiatives that will open the doors to crypto

STEEMIT

More than just another blogging platform, Steemit has introduced cryptocurrency to content creators of all ages and all walks of life from around the globe. In the crypto world Steemit did an amazing thing: They harnessed the power of community first; and almost as an aside rewarded their users with tokens of appreciation, which happen to carry monetary value.

Mainstream bloggers and creative artists to gamers and anarchists come together on one platform to share, earn, and tip through upvotes and comments. Their earnings split into short-term liquid funds and long-term investment. There is a reason behind their mantra: “Come for the rewards. Stay for the community.”

VIVA

The VIVA project is a broad-reaching cryptocurrency ecosystem which works with fiat instead of trying to replace it. Their integration includes a healthy DEX, crypto wallet, Stored Value Facility (SVF) with banking and remittance capability, and the ability to easily transfer funds around the world for minimal cost.

“The VIVAconomy harnesses the cumulative power of all the transactions that occur in the system and reinvests them in the long-term future of everyone involved.” — Dawn Parker Waites, CEO

Beyond banking capabilities, they understand that there may be a point in our near future when there will not be enough jobs. Not to underscore the value of Universal Basic Income, VIVA is initiating something better — dockerized worker nodes allowing anyone with available CPUs to earn income.

OPEN MONEY

Everyone uses some kind of technology and tapping into software development may be the battering ram that takes down the castle doors. The founders of Open Money envision a world where their products tap into the value of blockchain and cryptocurrency technology. Instead of launching a single product they too see the value of presenting a whole ecosystem for streamlining the adoption of cryptocurrency.

Rather than replace the familiar Apple and Android app stores, the Open Money team want to create a bridge that afford software developers a larger stake for their products, tools to integrate their creation into the cryptosphere without spending untold resources on recreating their work, and benefit from the billions of dollars in digital currency.

Going Mainstream

The combined forces of these three crypto enterprises packs a solid punch through the brick and mortar walls by virtue of community strength, fiscal responsibility, and software development because, as Mougayar suggests, they tie usage to the end-user and developer. Get your digital wallets ready; the future is already here.

Originally published at steemit.com on September 22, 2017.

Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Support

Key Points Bitcoin cash price after making a short-term top around $550 started a correction against the US Dollar. One of the two bullish trend lines with support near $495 and $470 on the hourly chart of BCH/USD (data feed from Kraken) was broken. The price is now approaching the second bullish trend line with … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Approaching Support

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Bitcoin Cash Price Technical Analysis – BCH/USD Still In Downtrend

Key Points Bitcoin cash price declined further and moved below the $500 support against the US Dollar. This week’s highlighted descending channel pattern with current resistance at $570 on the hourly chart of BCH/USD (data feed from Kraken) is still active. The price might correct a few points higher, but most likely to face sellers … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Still In Downtrend

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Bitcoin is a Scheme and “Fraud”: Jamie Dimon BTC Criticism

Jamie Dimon, the chief executive of JP Morgan Chase – has put on another strong support on his previous criticism towards bitcoin, saying that the crytocurrency leader is a “fraud” and he would choose firing anybody who would trade it.

During an even hosted by Barclays, based on the information from Bloomberg and CNBC J Dimon did announce out his feelings for Bitcoin. In November 2015, the long-time critic of the digital currency, stated that Bitcoin will not be able to survive when it was trading at around $400.

“I’m not saying ‘go short bitcoin and sell $100,000 of bitcoin before it goes down,” he said. “This is not advice of what to do. My daughter bought bitcoin, it went up and now she thinks she’s a genius.”

He hoisted up for remark those that have said the cryptocurrency in the market is at a bubble territory. Dimon was quoted saying:

“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”

During the same appearance he did add up that Bitcoin will “be blowing up” and that he would find stupid anybody trading it and terminate them.

After the news spread, based on the data from Bloomberg, many have noticed a drop in bitcoin price. Tanking the price value is still the fear that China will move to close domestic virtual currency exchanges.


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