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Cryptocurrency: How We Hook the Masses

June J, 2017

Cryptocurrency: How We Hook the Masses In this opinion piece, Svinkin argues that using cryptocurrencies for rewards schemes can demonstrate the value of the technology and ultimately help bring mass adoption. Before the hype and before the price explosions of the past year, I sat down and looked at cryptocurrencies from a UX perspective. That post, published on CoinDesk, offered a simple central premise: the entire bitcoin project was envisioned, designed, built and released as a peer-to-peer value exchange system.…

Bitcoin Will Make Lots of Millionaires Before âReturning Down to Earthâ: Economics Professor

June J, 2017

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ï¿¼ Bitcoin Will Make Lots of Millionaires Before “Returning Down to Earth”: Economics Professor Despite its price volatility, Bitcoin is likely to make more millionaires. Panos Mourdoukoutas, chair of the department of economics at LIU Post in New York City, whose works are published by Forbes and The New York Times, thinks Bitcoin is likely to turn more individuals into millionaires before its price dives again. Bitcoin recently reached an all-time high of $3,000 this June after a huge…

Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million

June J, 2017

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Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million If this teen entrepreneur, high-school dropout and bitcoin millionaire has any predictive powers at all, then we’ve hardly seen the top of the market for the hot cybercurrency. Meet Erik Finman, who started picking up bitcoin at $12 apiece back in May 2011, when he was just 12, riding a hot tip from hits brother Scott and a $1,000 gift from his grandmother, he told CNBC.…

How To Grow Bitcoin

June J, 2017

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How to grow Bitcoin Bitcoin is the leading chryptocurrency and is starting to change the way people use money and invest in the future. The coin is a limited resource which some compare to Gold and certainly at the moment it is holding its own value wise. Unlike traditional coins chryptocurrencies have many more decimal places which mean you can purchase sell or earn a bit of a coin, just like in ancient times where physical coins were cut…

Top 3 Reasons Not to Use an Exchange Wallet to Participate in a Cryptocurrency ICO

June J, 2017

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Top 3 Reasons Not to Use an Exchange Wallet to Participate in a Cryptocurrency ICO Even though cryptocurrency ICOs have been going on for quite some time now, a lot of basic questions continue to show up. It appears there is a lot of confusion as to why one should never send funds to an ICO from their exchange wallet directly. There are several good reasons as to why this should not be done, though, as we outline below. 3.…

There Will Be No Bubble for Bitcoin and Ethereum Here’s Why

June J, 2017

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By Joshua Althauser https://cointelegraph.com/news/there-will-be-no-bubble-for-bitcoin-and-ethereum-heres-why Tech entrepreneur Mark Cuban has recently stated that Bitcoin is facing a bubble. However, Daniel M. Harrison, the CEO of DMH&CO and managing partner of Monkey Capital, reveals that such a thing is impossible due to the market-influencing capabilities of Bitcoin and Ethereum. Market bipolarity The main factor that makes a digital bubble impossible is market bipolarity. For many people, market bipolarity is confusing but it can be distilled in a few important and understandable viewpoints. Apparently, market bipolarity is directly…

Bitcoin prices likely to continue wild ride

June J, 2017

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Bitcoin prices likely to continue wild ride SAN FRANCISCO — What goes precipitously up, often comes crashing down to earth. So it was with bitcoin on Thursday, when the price of the digital currency plunged 19% — its steepest drop in more than two years — after a record run. The volatility remained on full display late Thursday and, as of Friday evening, bitcoin rebounded to $2,484.59. The cryptocurrency, which flirted with $3,000 on Monday, sunk as low as $2,076.16…

Traders Plan for Correction as Crypto Market Falls Below $100 Billion

June J, 2017

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Traders Plan for Correction as Crypto Market Falls Below $100 Billion The total value of all publicly traded cryptocurrencies may be at an all-time high, but trader confidence isn't keeping pace. After rising more than 1,500% from just over $7bn on 1st January, the market is beginning to show signs that its rapid ascent in 2017 may be slowing. According data from CoinMarketCap, the cryptocurrency asset class fell from a high of $117bn yesterday to just under $100bn today, a…

Getting High on Cryptocurrencies

June J, 2017

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Getting High on Cryptocurrencies There are now four times as many cryptocurrencies in circulation as fiat currencies.That's amazing. And encouraging.According to the Swiss Association for Standardization, which maintains the International Standards Organization database, there are 177 national currencies currently in use. That list generously includes four precious-metals and four bond-market units (codes XBA to XBD, for the curious).NUMBER OF DIGITAL CURRENCIES753The CoinMarketCap website lists 753 cryptocurrencies, all the way from Bitcoin and Ethereum down to StrongHands and Paccoin (current value:…

Bitcoin, Ethereum and a New Direction for Cryptocurrency Investment

June J, 2017

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Bitcoin, Ethereum and a New Direction for Cryptocurrency Investment This week CoinDesk released its State of Blockchain Q1 2017 study, which details recent trends, statistics and sentiment around cryptocurrencies and blockchain technology. While the entire report is worth a read (there are some surprises), two slides especially caught my attention. When put together and compared with current data, they point to what could be a fundamental shift in market dynamics. Now, why would investors give up bitcoin to buy into…