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Bitcoin Will Make Lots of Millionaires Before “Returning Down to Earth”: Economics Professor

June J, 2017
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 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…

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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.…

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Ethereum Tokens Are All the Rage. But What Are They Anyway

June J, 2017
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Ethereum Tokens Are All the Rage. But What Are They Anyway Ethereum wants to create an ecosystem where everything works together seamlessly as part of its vision for a 'world computer' – and that includes the tokens required to power it. Launched in 2014 by a band of coders and an upstart teenager, ethereum was designed to make it possible for anyone to code nearly any type of app and deploy that on a blockchain. Many of these decentralized apps…

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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…

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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…

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The new cryptocurrency gold rush: digital tokens that raise millions in minutes

June J, 2017
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The new cryptocurrency gold rush: digital tokens that raise millions in minutes   New York City About a dozen rain-soaked people were crammed between the revolving doors and security barriers in the lobby of New York University’s Stern School of Business as torrents pelted down outside. All desperately wanted in to the hottest ticket in town, one that promised to make some of them overnight millionaires, if not billionaires. Among them was Dan Morehead, a former Wall Street titan turned…

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Move Over Bitcoin, These 4 Cryptocurrencies are Making Their Mark

June J, 2017
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Move Over Bitcoin, These 4 Cryptocurrencies are Making Their Mark   Just a few years ago if you thought of cryptocurrency you thought of Bitcoin and Bitcoin only. Bitcoin was propelled into the limelight back in 2013. Around that time The Silk Road was taken down and the U.S. government confiscated hundreds of millions of dollars worth of Bitcoin. Back then, cryptocurrency and Bitcoin was more of an underground thing used mostly for dodgy purposes. But today, the tech and…

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Is China Waking up to Ethereum

May J, 2017
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Is China Waking up to Ethereum On May 27, Huobi, one of the three leading bitcoin exchanges in China alongside BTCC and OKCoin, officially integrated support for Ethereum trading. The Huobi development team announced that users will be able to trade Ethereum starting from May 31. In its announcement, Huobi revealed that the company has come to a consensus to integrate support for Ethereum due to its exponential growth, high market liquidity, stability and increase in the demand toward Ethereum…

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Billion Dollar Cryptocurrency Club Swells to Six Members

May J, 2017
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Billion Dollar Cryptocurrency Club Swells to Six Members Bitcoin’s market cap surpassed $37 billion today when the price hit $2271.16, commanding more than a billion in trade volume in a 24-hour period, according to coinmarket.com. The total value of the coin market is now at $81.3 billion, as the last two days added more than $10 billion to the capitalization. Bitcoin’s value has almost doubled in the last month, even while its market share has fallen below 50%, thanks to…

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Top 10 Tips For Cryptocurrency Investing, As Bitcoin And Ethereum Surge

May J, 2017
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Top 10 Tips For Cryptocurrency Investing, As Bitcoin And Ethereum Surge The price of Bitcoin and Ethereum have exploded in 2017. The question is whether there is sufficient upside potential to consider investing in cryptocurrencies. Stated differently, is it still worth looking into cryptocurrencies as an investment or is it too late? The key consideration is that Bitcoin is not the only cryptocurrency to invest in. On the other hand, Bitcoin has made cryptocurrencies popular and even more secure. Yes,…

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