Category Archives: Cryptocurrency

Cryptocurrency Capitulation. Have we seen it?

Be patient. Crypto is still in bear mode. Total market cap is currently about 250b near its 52wk low. Could it hit a low of 100b? Conceivably, yes. If that happens, Bitcoin could hit $2000 and Ethereum could hit $300. Anything under those levels I would definitely be buying. Until then I’m watching. Market caps for most coins are still way out of whack. Some alts that I’m watching:

1. Counterparty (XCP)
Price $7.87 Market cap $20.5m
Check out these projects

Counterparty extends Bitcoin’s functionality by “writing in the margins” of regular Bitcoin transactions, opening the door for innovation and advanced features not possible with ordinary Bitcoin software. Counterparty has the following features: user-created assets, distributed exchange, feeds, betting and financial derivatives.

2. Encrypgen (DNA)
Price $.07 Market cap $4.5m

Encrypgen provides customers and partners best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. We empower science, business and individuals to securely and efficiently achieve their goals.

The Disruptors: Emercoin and PortaOne Introduce Blockchain-based, Peer-to-peer VoIP Call Exchange Among Telcos

Blockchain technology is changing the world—and a disruption of legacy call routing—that will take away incumbent telcos’ advantages.

2017 was the year when Bitcoin entered public consciousness, and many had a chance to regret not investing early enough. Things have cooled off some in 2018; now the question is, “What is going to remain of the 2017 cryptocurrency surge in 2019 and afterwards”.

Bitcoin (and other cryptocurrencies) is just one manifestation of the blockchain technology, which enables maintaining a public, distributed and tamper-resistant “ledger” of transactions. It has much broader applications than just cryptocurrency; it will be around when the “bitcoin hangover” is but a memory.

The Bitcoin future is in discussion and forecasts, but blockchain technology is here to stay for good and be a part of our lives. Using the decentralized management of call routing via blockchain technology allows for efficient and secure cooperation of various telecom operators. It is such a major change for the telecom organization and operating costs — so there is no way around it. Operators should join it sooner than later.” ~ Oleg Khovayko, CTO of Emerсoin

Are we in a cryptocurrency bear market?

Great article from Reddit contributor, u/arsonbunny:

Why we won’t have a long term bear market, and how to systematically pick your future investments in crypto

With so much uncertainty right now it would be a good time to take some time to go over what happened recently and how to invest moving forward. We’ve seen a peak bubble at around 850 billion total market cap in the first week of January, consolidated down to $750 billion and have now just experienced a 40% correction.

First of all, you should realize that there is a January Dip that happens every year, when we see a roughly 20-30% decline around mid January. This year its been much more severe though for several additional factors that have compounded on top.

Different theories exist on why this happens (it’s actually the mirror opposite of the “January Effect” that happens in the US stock market), but the two major theories are:

1) Asian markets pull into fiat because of Asian New Year spending needs

2) People in the US sell in January to defer their capital gains tax liability an extra year

Factom (FCT) News Update

Heard on Reddit: “A number of projects working on various test networks will be coming online soon.” ~ Paul Snow, Chief Architect, Creator, and Founder at Factom (10/18/17)

Disclosure: I have owned FCT coins since August 2016. Current price is $15.15.

Top Cryptocurrencies to Invest In

Cryptocurrencies have quickly become an essential part of everybody’s portfolio. From being a risky asset that didn’t warrant more than a throwaway amount of money being invested in it, it is almost its own asset class. All of this has happened over a short few years, and it is expected that this trend will continue.

As with any investment, it is important you come to it with a sober mind. Your returns are more likely to be high the more you doubt your original thesis. That is to say, if you believe the first idea you come up with and never question it, you are going to lose money. To avoid these situations you should think about exactly why it is you think a cryptocurrency will go up.

Before you do this, it is probably necessary to point out there are two main types of cryptocurrency. There are the well-known coins that have reached some sort of mainstream acclaim, and then there are the alternative coins which fewer people have heard of. There is a high amount of risk in all types of cryptocurrency when compared with traditional blue chip stocks or cash, but the well-known currencies are less risky than the obscure ones. This is simply a matter of the network effects involved. Once a coin has achieved some sort of notoriety, it has “made it” in a sense. It still may fail due to poor engineering and a lack of real-world use, but it got the exposure necessary to catch on. This isn’t always true for alternative coins, which is why it was necessary to point it out.