Bitcoin will hit multiples of $1 Million per coin. Now I know you might be thinking I am just another Crypto Currency evangelist who thinks that Bitcoin and the altcoins like Steem can fix everything. Let me let you in on a little secret, Bitcoin only needs a small piece of the world economy, using it, in order to reach great heights like @Falkvinge says.
I understand that not everyone can afford to buy multiple Bitcoin. I would consider it a huge accomplishment if you just owned one Bitcoin held in cold storage. Put it in a cold storage device like a Trezor and forget about it. Don't even pay attention to the price of Bitcoin.
The second option is to work your way to owning Bitcoin. You can do this through content creation right here on Steemit. I challenged myself to write on Steemit everyday for a whole year. I earn rewards called Steem and store it in my SteemPower which earns interest. When I decide I want to sell my Steem for Bitcoin I can power down over 13 weeks. This is pure genius!
As I continue to write on Steemit daily my influence grows, my earnings grow and I reap higher and higher rewards because I am building a following. When I started on Steemit I invested .5 BTC which was essentially $250 at the time in order to buy some Steem. Looking back I realize that I did not need that. What is important is showing up everyday and creating content that the community enjoys.
I recommend you treat your Steem account like a Savings account. Earn Steem and pretend it does not exist. Let it grow and someday in the future you might realize it was the best decision you ever made.
China's three largest bitcoin exchanges, whose activities have drawn increased scrutiny from the central bank, said they will begin charging trading fees effective Tuesday.
BTCC, Huobi and OkCoin said in separate statements on their websites late on Sunday that they will charge traders a flat fee of 0.2 percent per transaction.
Each of the statements said assessing fees willfurther curb market manipulation and extreme volatility.
The absence of trading fees has encouraged volumes and boosted demand at Chinese bitcoin exchanges. The New York Times, citing data by blockchain analysis firm Chainalysis, reported in late June that 42 percent of all bitcoin transactions took place on Chinese exchanges in the first half of the year.
Coblee creator of Litecoin commented on this: Top 7 coins are now ranked 1, 4, 37, 55, 248, 427, 92.
Notice BTC vs LTC back then. Currently BTC at 900USD and LTC below that price here. NVC and TRC was mostly pushed only thanks to one exchange - BTC-E. TRC is now kicked out there and NVC is far away in price of cents.
Now i found screen of close to ATH of 2013 with BTC at 1000USD+ and Litecoin on 39USD. For now it seems this corellation is fully broken but you never know. Other interesting thing in this chart is Primecoin in this chart which was the original before Bitshares and STEEM made by @dantheman
WDC FRC MEC are pretty dead now others trade but very low.
Now january 2017. As you see only BTC LTC and XRP are left in top10 all other coins are different. Whats interesting now instead of XPM we have STEEM - @dan made it again!
3 years in crypto are like ages. I wouldnt be suprised if in 2019 again 7 coins in top10 wont be any of those we know right now.
It seems that LTC is still important to the market and its good to hold it for its crazy pump one day.
This also shows you shouldnt get obsesse with one technology - those change, new come and kill old ones.
Also currently there is way more exchanges then back then. In 2013 just 1 exchange trading NVC (i mean 1 serious) was capable of pushing its price to a very nice levels.
At this point i do not believe NMC PPC and others will ever get back to their 3-10USD prices.
IN TODAYS VIDEO I TALK ABOUT THE NEW BITCOIN TRADE FEES IN CHINA AND HOW I THINK THEY WILL EFFECT PRICE.
You can check out Tai Zen and Leon Fu at their
Cryptocurrency Market channel on Steemit: @cryptomarket. I am super excited about this partnership and I think it will benefit cryptocurrency fans from around the world. All of us want to spread Bitcoin awareness to as many people as possible. I am sure that Steemit and Steem will be talked about on my new show on the Cryptocurrency Market channel so stay tuned for that. For now check out the partnership announcement videos where we talk about a wide range of cryptocurrency subjects:
Both videos are great!
Bitcoin - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
Monero - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Ethereum - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
LiteCoin - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
I can only look at history and the last time some bots manipulated the price of Bitcoin it was to keep it up,.... At Gox. I hope the long downtrend is harder and faster so Bitcoin can get this out of the way but I expect Bitcoin to drop like a rock when China implements trading fees and removes margin trading.
It may be a crash for all of crypto, all it takes is market sentiment to cause a crash. Uncertainty coupled with the buy the rumor sell the news attitude of most large traders could kick it off. We are at the exact spot this happened last time and that is in peoples minds. I myself am worried large investors will see an ill-liquid market on the horizon and rush to pump the price and cash out before re-evaluating liquidity options when the market has settled. This is also perfect storm like timing with the fiat holiday that is the Chinese new year. They literally give Chinese fiat in red envelops as a gift. All the organic BTC volume in China about o liquidate at least 10% for the holiday on Jan 28th......
Not financial advice
Thank You For Your Support and For Honoring Me With Your Up Vote.
Bitcoin price attempted to break the intraday bullish channel's support but the EMA50 succeeded to form solid support base that stopped the price negative attempt, to rebound bullishly and attempt to return to the bullish channel again, which supports the continuation of the bullish trend scenario on the intraday and short term basis.
Stochastic provides clear positive signals on the four hours' time frame, which reinforce the chances of achieving more gains in the upcoming period, noting that the waited targets begin at 990.00 and extend to 1050.00, while the price needs to hold above 851.00 to continue the suggested positive scenario.
Expected trading range for today is between 885.00 support and 1000.00 resistance
Expected trend for today: Bullish
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Blockchain technology is the backbone of Bitcoin. But since its inception in 2009, the technology has grown to support many use cases and projects around the world.
2017 will be a big year for blockchain. In this blog post, we cover the top areas of the blockchain industry and what we can expect for blockchain in 2017.
A recent CoinDesk article reveals that 7 major European banks are partnering on a new blockchain-based trade finance platform called the Digital Trade Chain (DTC).
They have a tentative plan to launch in Q3-Q4 of 2017.
Those backing the platform’s development are looking to establish a secure place to manage open account trade transactions for both domestic and international commerce. DTC utilizes a permissioned ledger, with authorized parties allowed to submit transactions on the platform.
Open account trade transactions involve products being shipped before the actual payment is due, meaning that trust among the transaction’s parties is imperative. With DTC, those plugged into the system will be able to track the progression of those transactions, from initiation to settlement.
Thus far, the banks involved – KBC, Deutsche Bank, HSBC, Natixis, Rabobank, Société Générale and UniCredit – have signed a memorandum of understanding that lays out the basic groundwork for future development. That said, the banks are looking to launch DTC sometime in 2017, with an eye to building support in markets like France, Germany and the UK.
A conference that caught our eye recently is the MIT Technology Review Conference: The Business of Blockchain.
The event will be held at the MIT Media Lab on April 18, 2017. The purpose of the one-day conference is “to explore the opportunities and challenges associated with public digital ledgers, or blockchains.”
Blockchains have the power to create entirely new kinds of businesses and more people are starting to realize this everyday.
Blockchain is still relatively new. The industry is still in its infancy. We can expect a variety of new use cases to be introduced in 2017.
Bitcoin is the largest and most well know blockchain project. It is currently traded all around the world and more businesses are beginning to accept Bitcoin as a means of payment.
In addition to growth and adoption, Bitcoin will focus on security and scalability. The DAO hack demonstrated the need for advanced security protocols for all blockchain projects. Scalability is also an issue. “Today the Bitcoin network is restricted to a sustained rate of 3.3 tps (7 tps theoretical) due to the bitcoin protocol restricting block sizes to 1MB. Scalability will remain the holy grail of blockchain technology.”
Many people believe the public blockchain with the most attainable and impactful scalability roadmap is Ethereum.
Here are some of the Ethereum projects to look out for:
Infura is an enterprise-grade Ethereum-based blockchain infrastructure being used in IoT, and in conjunction with the public Ethereum blockchain and Inter Planetary File System (IPFS). Developers interface with Infura via Web3/RPC.
MetaMask is a bridge that allows you to visit the distributed web of tomorrow in your browser today. It allows you to run Ethereum dApps right in your browser without running a full Ethereum node.
BlockApps is an enterprise-grade Ethereum-based blockchain infrastructure solution used in banking, payments, insurance, supply chain and others. BlockApps is designed to provide a permissioned Ethereum environment which easily operates at scale, allowing applications to handle a high volume of transactions per second. Developers can build interfaces with their permissioned blockchain using a REST API.
Steemit.com is the world’s fastest growing decentralized social media platform.
Steemit connects to a robust blockchain database called Steem. This blockchain database distributes rewards in cryptocurrency to the users who bring the best content (blogs, comments, videos etc.) to the Steemit site.
On January 17th, 2017 Steemit.com was featured on Forbes.com. Author, Roger Aitken covered the 2017 comprehensive roadmap for Steemit.com.
The big news surrounds the Steemit.com migration to Amazon Web Services, the world’s largest hosting provider. Steemit has racked up over 120,000 registered users in around 6 months and they need to be able to handle more traffic as the platform grows.
Steemit Co-founder & CEO, Ned Scott is quoted several times throughout the article:
“2017 will be our banner year and the community will see a ton of upgrades from now until the end of March. Migrating hosting to reputable third parties allows us to focus all of our time and attention on development of the site, software, and community – not on scaling or maintaining servers or hosting infrastructure.”
Follow My Vote continues to pioneer end-to-end verifiable blockchain voting software in 2017. See our Github repo for updates on our software.
It’s important to note that, when designing our stake-weighted voting system’s architecture, we designed it in such a way to ensure that our blockchain voting software was portable from one blockchain to another. (contact us if you are interested in a custom blockchain voting solution)
2016 was filled with momentous achievements for Follow My Vote. Here you can see we reached out to and networked with some of the top technology leaders and politicians. (Gary Johnson & John McAfee featured)
We anticipate that 2017 will be filled with many Follow My Vote software releases and partnerships, in an effort to bring end-to-end verifiable blockchain voting to the world.
This post has been sourced from the Follow My Vote blog.
About the author: Will Long is the Marketing Manager of Follow My Vote. Follow him on Steemit @slickwilly
There’s a lot of changes happening with Chinese bitcoin exchanges lately in light of the recent central bank inspections. Last week the top three exchanges within the region drastically changed margin lending services. Now more revelations have come to light as these companies plan on charging their customers trading fees starting at the end of January.
I've always searched for evidence that blockchain technology is here to stay. A very direct way to assess that is to check how much (and whose) money is being applied on blockchain related companies. About a year ago I started following the coindesk list of bitcoin venture capital to get the pulse of this new movement. I don't need this to believe in cryptocurrencies or the underlying technology. My decisions on investment also don't rely on this. I just think it may be an interesting indicator of the overall health of the sector. Are we going to see Steemit or any other Steem based/focused company in this list soon?
Almost every month some investors trust their money to one or more companies. Whenever that happens I'll keep you updated. Here are the news of last December. Wyre and OpenBazaar received nice investments. Let's wait and see what 2017 will bring for these and other companies that are shaping the future.
Economics students from 19 countries have joined forces to call for an overhaul of the way their subject is taught, saying the dominance of narrow free-market theories at top universities harms the world's ability to confront challenges such as financial stability and climate change.
In the first global protest against mainstream economic teaching, the International Student Initiative for Pluralist Economics (ISIPE) argues in a letter to the Guardian that economics courses are failing wider society when they ignore evidence from other disciplines.
New to the crypto world is Bitmagnet.
Bitmagnet is a company that specializes in super computers and crypto technology. They employ top crypto experts and engineers. They have come together to offer a attractive package and alternative to cloud mining. They have various package and the minimum deposit to get started is as little as 0.0001 bitcoin. I will be making my first deposit today and keep you updated on how it goes. Follow the link below to check it out.
Xavid Yk wrote in the comment section of a youtube video
This is a dangerous merger of money, technology and spying : Bitcoin / Blockchain. It's promoted as the solution to the failing financial system we live in today. But Bitcoin / Blockchain is not a solution to the collapsing financial system and the failed institutions (banks, corporations, etc.), because this IS the new world financial order created by the elites, the bankers and the corporations in their attempt to create one world currency. MR ROBOT (financed by USA Network, owned by NBC Universal, owned by COMCAST) promotes it covertly, the WARBURG family promotes it overtly and very aggressively (Bettina Warburg, see Ted Talks) as well as GOLDMAN SACHS (See blockchain video on GoldmanSachs youtube channel). Why? Because if you couple it with the disappearing of physical money + bail-ins + capital controls +snooper charter"-like laws, you have full spectrum financial dominance over 7 billion people.
Bitcoin also bears the classic tells of a psyop where they always try to play it off as some grassroots or underground movement in order to make everyone want it and bring in their trojan horse. They are doing the same thing with human chipping. It's exactly what they did with Trump. It's like toying with children for them some times.
DON'T VOTE TRUMP ! The globalists loudly proclaimed.
He's our sworn enemy. What do the masses do ? Even the people who are allegedly in the truth movement ? Give them exactly what they want.
This Blockchain he is talking about is the perfect trackable technology, it's the beginning of the microchipped population (not in their wrist yet, but in their wallet). They underline the fact that Bitcoin is decentralized. We don't care about that... that's not important. What's important is that ALL YOUR TRANSACTIONS (intimate s**t, things you are not proud of buying, pharmaceutical prescriptions, ALL ALL ALL of them) being tracked, stored and made accessible to your insurance company, to the big brother state, the police, the FBI, CIA etc. Are we really out of our minds??
There are so few people that are able to see this dark reality of mass control by use of virtual money ...Just watch the movie IN TIME (2011) and look how the currency (i.e. time, crypto-currency, electronic digits, etc.) was tracked in that movie... amazing...
The problem with bitcoin, eCoin any virtual coin and all crypto-currencies or virtual digits in the bank is that all transactions are virtual, public and ultimately traceable. Orwellianly so :
backdoor, side door etc. We need currency that is impossible to trace, real (not virtual) and non-dependent on electricity or internet, in order to maintain some privacy and control."
Bitcoin was released to the public as an open source project that allows anyone in the world to not only transact in a decentralized manner, but also help modify the code. Many open source projects like Linux have started with the source code followed by a myriad of alternative implementations. However, for some reason, in the Bitcoin space alternative clients using the source code in a different manner and even writing the code in another programming language, has been controversial.
The Bitcoin Store is pleased to announce a charitable partnership with the Dogecoin community called the “Shibes For Socks” project. By working with the Los Angeles-based Love My Neighbor Foundation, the organizations have collaborated to deliver socks to the homeless within the region.
Hey guys! I always liked to help people. At the moment, I live in a small village where a lot of hungry people and children. Unfortunately, I'm alone I can not help everyone, and I look at it sadly. I believe in good heart. Please take the time to help and cents.
or help people at homе. be kindhearted.
По сообщению CCN, Народный банк Китая (НБК), объявил сегодня о том, что им ведется интенсивная работа по выпуску собственной цифровой валюты. Центральный банк также разрабатывает торговую платформу на основе блокчейн-технологий.