Category Archives: Cryptocurrency

Is the Bitcoin Beast Awakening?

bitcoin illustration

After languishing in a bear market that began when BTC hit $20,000 on December 17, 2017, Bitcoin has recently shown some life. On April 2nd the price rose 20% on high volume. The scuttlebut is a whale bought most of it, but either way the entire crypto market rose with its leader.

In the last 7 days Bloom BLT us up 84%, Bitcoin Cash BCH is up 69% and Litecoin LTC is up 42%. Total market cap for all coins went from 143B on March 31st to a high of 183B on April 3rd. It appears the beast could be awakening.

What would you buy now besides the leaders like BTC and Ethereum?

I got my eye on a few. I’ll keep you posted.

Cryptocurrency Capitulation. Have we seen it?

crypto currency

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?

crypto currency

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.