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Cryptocurrencies Took A Hit, But Some Experts Say Now Is the Best Time to Buy

July J, 2017
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Cryptocurrencies Took A Hit, But Some Experts Say Now Is the Best Time to Buy   Cryptocurrencies took a hit Tuesday, with bitcoin and ethereum dropping significantly. However, many experts are advising investors to hold, and some are even advising people to buy now.   BLACK CRYPTO TUESDAY Tuesday, July 11, was a rough day in the cryptocurrency world, with very few of the Top 100 Coin Market Cap list cryptocurrencies in green. At the time of this writing, bitcoin…

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Crypto Calamity: Ethereum, Bitcoin Prices Sink as Market Plunges Below $80 Billion

July J, 2017
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Crypto Calamity: Ethereum, Bitcoin Prices Sink as Market Plunges Below $80 Billion   Litecoin fared better than most cryptocurrencies during today’s market plunge, only losing 3.8 percentage points where most cryptos suffered bigger hits, according to coinmarketcap.com. Among the cryptos with more than a billion in market capitalization, only bitcoin outperformed Litecoin in the most recent 24-hour period, losing only 2.82 points. Litecoin, the fourth largest crypto with $2.377 billion in market capitalization, traded at $45.77 today. Second place Ethereum,…

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Is Solar-Powered Cryptocurrency Mining the Next Big Thing

July J, 2017
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Is Solar-Powered Cryptocurrency Mining the Next Big Thing Cryptocurrency mining is a difficult and costly activity. Miners must pay to build rigs capable of vast amounts of processing power, and then the rigs themselves must be powered with large quantities of electricity. It's all a careful balance between how much the operation costs and how much profit it is able to generate. (See also: What Happens to Bitcoin After All 21 Million are Mined?)   With mining operations for Ethereum,…

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Bitcoin is Permanently Superior to Paper Money in Ways – German Business Magazine

July J, 2017
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Bitcoin is Permanently Superior to Paper Money in Ways – German Business Magazine While many mainstream media personalities and analysts remain skeptical about bitcoin (and often rehash misinformation), others are beginning to give cryptocurrency an honest appraisal. The latest comes from leading German business magazine Wirtschafts Woche, which recently published an article praising bitcoin. “The Revolution of Cryptocurrency,” written by economist Thorsten Polleit, argues that the advent of cryptocurrency set off a monetary revolution that could eventually supplant fiat national…

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$100 Billion Cryptocurrency Market Showing Signs of Maturity as Mainstream Investment Appeal Grows

July J, 2017
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$100 Billion Cryptocurrency Market Showing Signs of Maturity as Mainstream Investment Appeal Grows Cryptocurrency has burst onto the financial scene like a blazing comet, offering investors a new asset class to grow their wealth, hedge against instability and escape the grips of central banking. As the market for digital coins crossed the $100 billion mark, hedge funds and major institutions suddenly found themselves scrambling to make sense of the shadowy world of cryptocurrency. For the most part, investors no longer…

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China and Japan Are Largely Responsible for the Current Success of Cryptocurrency

July J, 2017
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China and Japan Are Largely Responsible for the Current Success of Cryptocurrency   The adoption of digital currencies on both the individual and institutional level in China and Japan is propelling cryptocurrencies to ever greater heights. However, some are still skeptical that they are the finance systems of the future due to their current volatility.   CHINA AND JAPAN’S CRYPTO CRAZE   The age of cryptocurrencies is upon us, and two countries in particular have been instrumental in their stratospheric…

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How Balanced Cryptocurrency Portfolio Looks Like: Investment Tips

July J, 2017
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How Balanced Cryptocurrency Portfolio Looks Like: Investment Tips A large number of investors have started to purchase cryptocurrencies as a short-term and long-term investment, a safe haven asset and an experimental investment to develop a proper understanding of the market and the technology behind cryptocurrencies such as Bitcoin. As a result, even the initial coin offering (ICO) market, which is yet to showcase a viable product or a decentralized applications with an actual active user base, have begun to attract…

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Bitcoin could nearly double and reach $5,000 soon, says Standpoint Research

July J, 2017
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Bitcoin could nearly double and reach $5,000 soon, says Standpoint Research   Bitcoin traded near $2,600 Wednesday, according to CoinDesk. Standpoint Research founder Ronnie Moas said the digital currency could rise to $5,000 "in a few months." "This is not something I could keep my hands off of," Moas said. Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year.   "$5,000 could happen in a few months. It's only…

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Bitcoin and Decentralized Networks are the Future, Says University Professor

July J, 2017
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Bitcoin and Decentralized Networks are the Future, Says University Professor   Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria (South Africa), who also directs the Centre for the Study of Governance Innovation, recently published a write-up stating that money systems are in the process of transitioning from “centralized authority to decentralized networks.” Cryptocurrencies represent a significant part of such decentralized networks. According to Fioramonti, there is a growing demand for digital currencies. On one hand, he exemplified…

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Cryptocurrencies Could Reach $5 Trillion in 5 Years, Says Wall Street Billionaire Bitcoin Investor

June J, 2017
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Cryptocurrencies Could Reach $5 Trillion in 5 Years, Says Wall Street Billionaire Bitcoin Investor   Billionaire investor Michael Novogratz, a former hedge fund manager who has been supportive of bitcoin, claims cryptocurrencies could be worth more than $5 trillion in five years, speaking at the CB Insights Future of Fintech conference in New York, Get exclusive analysis of bitcoin and learn from our trading tutorials. Join Hacked.com for just $39 now. For this to happen, companies have to develop business…

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