Next crypto bubble imminent but dash may not have to wait
This article was originally posted on Trustnodes - a trusted site covering numerous topics related to cryptocurrency and a great selection of news and editorial content. For more check the link below. Will this just keep on going? Will it just rise and rise? While, on the other hand, shouts of bubble have reached fever pitch months ago.
While current trading volumes now stand at a higher level than the global market cap at the beginning of the year. Then, as if everyone was not having enough fun, cats had to be brought into the equation. In an ecosystem flush with money, pocket change perhaps. But we can already here those bubble bubble cries getting louder.
The world has gone mad! The second coming of Satoshi is imminent! I am, of course, speaking of public blockchains, which allow for the trading of cute cats, taking hours of productivity from some of the smartest coders in the world.
The great sin here is that there is no intermediary. How do we tax these cats, muh lords? And what happens if this cat economy slows down, how do we print more cats?
Think of the poor children, muh lords, who are denied the opportunity to own these cute creatures. We must intervene and redistribute cats to everyone according to need. How can these children possibly live without cute cats! We must immediately begin relief efforts and a donation campaign. Send one eth for cats in need. Why is SEC doing nothing, he wondered. As if engaging in value creation is somehow sinful. Here, though, they are not worried about the poor children, but the old frail grandma.
Now picture this, an old pensioner barely making ends meet and around twice the age of SEC regulators finds her way to Coinbase, manages to send them the probably expired Passport copy, figures out how to send them dollars and how to then buy eth with it. Around a month later, our frail grandma with thick glasses somehow stumbles on some ICO, and specifically lands on their ICO smart contract eth address. She then manages, probably accidentally without knowing really what she is doing, to send eth from Coinbase to the ICO after somehow accidentally having the ICO eth address in her paste clip.
Fully unaware why her smart phone just sent her some code, she enters it where it is required, and to fully complete the adventure she somehow stumbles on the blockexplorer for the address, so confirming it is all done fine.
If this is the sort of ninja grandma they want to protect, then she might retort with an offended face and manner, the kind only grandmas next crypto bubble imminent but dash may not have to wait do, and perhaps tell them she is far too old to be told what to do, so complementing it with that go-getter grandma face and swing bag movements. There are, however, some ICOs which do deserve prison, but we here at Trustondes are great fans of that innocent until proven guilty principle.
Which is perhaps part of the reason why this space is booming. Individuals have been empowered and even given some freedom due to the global nature of public blockchains.
Projects, therefore, can pick jurisdictions that have reasonable laws, and discrimination based on wealth in front of the law is not one of them. To the contrary, it might in fact contravene many legal principles. That economic freedom is a very desirable quality, which is why, at least in part, people are flocking.
Some for the cats, some for the ICOs, some for the ever rising bitcoin and eth, and some to be part of the most next crypto bubble imminent but dash may not have to wait and dynamic space on earth.
A space that has given rise to a crypto boom, which is now in full swing, with new aspects daily added, so making it all more interesting and keeping that music going for next crypto bubble imminent but dash may not have to wait almost two years. To read more from Trustnodes follow this link.
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The Africa Portal is a research repository and an expert analysis hub on African affairs. Cashaa has ambitious goals. Now with Cashaa, we are next crypto bubble imminent but dash may not have to wait to do the exact same process but for free and actually instantaneously. A veritable explosion of cryptocurrencies, all leveraging blockchain technology, have sprung up in Bitcoin's wake.
As of the end of Novemberthere were an estimated 1 cryptocurrencies and counting available on the internet. Payment platforms, wallets, global settlement networks and hundreds of cryptocurrencies abound. Blockchain is a distributed digital ledger that allows participants to inexpensively and transparently record transactions in a permanent, traceable way.
The data are stored on many different computers around the internet, and even around the world. Ethereum is an open software platform based on blockchain technology that enables developers to build and run a wealth of decentralised applications.
Potentially, blockchain can be used anywhere the need to track the ownership of documents, assets, or voting rights might exist. Firstly, blockchain-enabled remittance services are helping people send money to and from Ghana, Zimbabwe, Uganda, Sierra Leone and Rwanda at a fraction of the current banking rates. Along with its advantages, the use of cryptocurrencies for remittances in Africa also has its potential drawbacks.
In Zimbabwe, where assets lost huge amounts of value overnight during the hyperinflation period ofsome of its citizens have turned to cryptocurrency as a savings mechanism. When long-time president Robert Mugabe was ousted by the Zimbabwean military in November, Bitcoin saw a surge in price on the Harare exchange. When uncertainty was at its peak, the price for a single bitcoin on the Harare bitcoin exchange was close to double the price on global bitcoin exchanges.
It can provide a secure voting platform for countries in which citizens might battle to access voting stations or face intimidation. Blockchain is responsible for movements such as Usizo, a South Africa-based blockchain platform that allows members of the public help pay electricity bills for community schools.
And, in a change that will affect every African country with a seaport, blockchain is doing away with the need for paper documents in the tracking of goods by sea, a difficulty that could previously not be met by electronic bills due to the need for non-forgeability and a central register. The potential application for this on the African continent is vast. Other African countries such as Kenya, Ghana, and Morocco also have volumes, but due to lack of bitcoin exchanges the volumes are not easily traced.
Gareth Grobler, of cryptocurrency platform ICE3X estimates that between and South Africans are now involved with cryptocurrencies. Marina Niforos, principal at Next crypto bubble imminent but dash may not have to wait Global Advisors which compiled a report about blockchain in emerging markets to the World Bank, described the keen interest of the Kenyan market.
With the most mature mobile money market in Africa, Kenya is leveraging its existing networks to allow for the transactional use of Bitcoin in the country. This is allowing for an easier exchange between fiat and cryptocurrency.
These informal networks, resemble the airtime currency informal networks of pre, that powered remittance payment networks before M-Pesa became a thing. This provides the backdrop for … disruption in the remittances and payments segment. South African mobile money network PayFast recently integrated bitcoin payments options and now provides access for bitcoin payment to 30 merchants outlets across the country.
Philip Asare, the chief executive officer of bitcoin exchange BtcGhana, believes that cryptocurrencies can usher in a new era of prosperity to Next crypto bubble imminent but dash may not have to wait. Cryptogene holds regular webinars, lectures and group training sessions for its members.
Since its inception about a year ago, the Cryptogene community has grown to about people from Nigeria and surrounds, ranging from tech experts to people who know very little about cryptocurrencies. To address a generally low level of financial literacy, its founders aim to eventually develop a user-friendly, accessible platform for remittances. Internet access is another prohibitive factor. Thomas Rehermann, an economist for the International Finance Corporation who specialises in the cryptocurrency space, points out the added concern of electricity costs.
And, in order to use cryptocurrencies, Africans need to be able to exchange their fiat currency into the desired crypto. Langelihle Mnyandu, an associate in the Banking and Finance department at Bowmans Law Firm, pointed out that money in Africa is still very much paper-based. How is Africa regulating this new type of transaction, which by nature is decentralised and can be conducted anonymously?
The only way to address this, he said, is by collaboration between governments and sectors. Regulators across Africa need to work together to come up with solutions that transcend borders.
Bright Tibane, a senior associate in the same department at Bowmans Law Firm, said that one way of doing this was by adopting an approach called sandboxing.
This practice creates a regulatory framework that forms the space for innovators to break the rules, and then allows them to demonstrate that breaking the rules has not been detrimental in that particular case. The United Kingdom and Singapore are following this approach. South African authorities are looking to adopt something similar.
In addition to South Africa, Uganda has shown proactivity in its approach to regulation, says Tibane. And generally, African regulators have been fairly receptive to next crypto bubble imminent but dash may not have to wait, they said.
According to Moashilane, cryptocurrencies will offer revolution in established markets, and a different kind of change in Africa. In the meantime, cryptocurrencies and their protagonists continue to think and act big. Cryptocurrencies and complexities in Africa. You're reading No magic bullet: Could cryptocurrencies really lead to a financial revolution in Africa? You might also like. Article What can we learn from rising rice production in Senegal? Article Africa's scientific infrastructure gap Sarah Wild.
Article Empowering Africa's judiciaries:
Bitcoin is not controlled by central banks yet as gold is. Bitcoin is the leak. The answer lies in how governments react to competition with sovereign Fiat. Understandable as Golds a bit bulky in this case, but nevertheless it was no longer accepted as currency. It may be de facto being remonetized as we speak, but no government will admit it, even while their central banks hoard next crypto bubble imminent but dash may not have to wait.
Bitcoin which is not money yet, needs to be a stable value store to attain that. Just as with Gold, if a government does not recognize it as money, then it is not.
Bitcoin may well become a store of wealth; but in taking that route it jeopardizes its status as currency despite below nt infinitely better suited as such compared to govt fiat. Much is at stake for the global unelected elitist leaders now.
But this is just the beginning of money without borders returning. Don't buy at today's prices; wait for a correction it could be a really big one. But once it happens, buy in and hold, as he sees the price going much, much higher over the next decade. This is not much different than the warnings stated here and elsewhere that: BTC will see new competitors. Bitcoin is currently a next crypto bubble imminent but dash may not have to wait and exchange medium.
Now, Futures salesmen are pitching it as a store of wealth or money like gold. This will be the cause of the pump and dump next crypto bubble imminent but dash may not have to wait soon. Read on for clear expert advice that eclipses our own knowledge and should be helpful to Bitcoin longs as well as frustrated Precious metals holders who see that BtC is stealing their thunder. Rest assured, Bitcoin is sending a message: Gold will have its day. In the meantime, BTC reflects what gold is supposed to.
Authored by Adam Taggart via PeakProsperity. Bitcoin's price has gone 'beyond exponential' this week. I think it's safe to say that the vicious melt-up in price over such a short timeframe has surpassed the expectations of even the starriest-eyed Bitcoin fanboys. The whole world, especially the Is this insane trajectory going to continue for a lot longer? Do I need to get in now to avoid missing this once-in-lifetime fortune-making opportunity?
Or is this a classic bubble blow-off top? Is this the deadliest time to enter, right before the price implodes? I had the chance to ask these questions Wednesday to a long-time veteran in the digital currency space. We met at a gathering of online media 'mavens'; this guy has published news and analysis on cryptocurrencies sincefor both investors and developers. He knows the space exceedingly well. Unsurprisingly, he holds a lot of Bitcoin. I didn't ask directly how much; but knowing that he was covering the space back when Bitcoin traded in the single-dollars range, my conservative mental math quickly concluded he's probably worth more than most people I've met in my life.
By the way, I'd share this guy's name with you but he asked me not to. Given how stratospheric Bitcoin has risen over the past year, he says his biggest priority right now is to fly under the radar and have as few people as possible be aware of his crypto holdings.
Apparently this has recently become a real concern for Bitcoin investors who have suddenly become overnight multi-millionaires Or hundred-millionaires.
A vast windfall like this makes you an alluring target to criminals. That underscores how insane the price moves of the past few days have been. I should make clear though, he remains quite bullish about Bitcoin's long-term future potential.
I probably wouldn't get in now. I'm selling into this rally and waiting for a massive correction once the bit shorts come in with the futures trading about to begin. To the above, I'll simply add two additional pieces of data to show how quickly Bitcoin has outstripped any sort of rational justification for its recent price explosion.
The first is this chart below, which shows how Bitcoin's price has blown above the maximum Fibonacci extension between its previous swing low and yesterday's swing high note: That right there, folks, next crypto bubble imminent but dash may not have to wait the madness of crowds.
So, if you've been feeling like the loser who missed the Bitcoin party bus, you've likely done yourself a favor next crypto bubble imminent but dash may not have to wait not buying in over the past few weeks. It is highly, highly likely for the reasons mentioned above that a painful downwards price correction is imminent. If yesterday indeed proves to have been the blow-off top, that loss could get a lot uglier quickly.
But even if it doesn't, what can those of us who don't currently hold any cryptocurrency do as we wait for the dust to settle here? The underlying technology of the blockchain will transform industry and commerce on a similar scale as the Internet has. While we urge prudence and caution regarding the conditions under which you invest in the cryptos, we don't recommend you ignore their significance. Don't let ignorance or a sour-grapes frustration from missing out on the first big run make you blind to the revolution underway.
Whether you participate in it or not, and at what price, is up to you. Just make sure your decisions are well-informed ones. And that's after a mind-blowing upwards rocket ride over the past several months.
An Expert's Take I had the chance to ask these questions Wednesday to a long-time veteran in the digital currency space. So here what I learned during my chat with him: He thinks the current price action is "nuts": Next crypto bubble imminent but dash may not have to wait his veteran eye, the current frenzy is a speculative mania and will end in a massive sell-off, resulting in huge losses for those buying in at these prices.
In his mind, this will simply be the latest one. And there will be more in the future, he predicts. But he's not worried in the long run: Like many longtime crypto investors, he sees a much higher price potential for Next crypto bubble imminent but dash may not have to wait. But to reach that level and sustain it will take years. The currency will need to be much more widely held among the general populace and used in a material percentage of transactions i.
Until then, he expects lots of volatility both up and down of the sort we're seeing now. He admits that Bitcoin could lose out to a superior successor: When asked if the capital currently flowing into Bitcoin could flee for a better crypto 'mousetrap' in the future, he says "sure".
Which is why he has diversified holdings across a number of cryptocurrencies and watches new entrants into the the space closely. He gave a highly-technical argument for how the blockchain actually has limited value without a platform to offer it sufficiently critical scale. And it's growing faster than the rest. Bitcoin is the odds-on winner at this point. He expects the world's central banks to criminalize the cryptocurrencies: We talked about the central banking cartel's longstanding monopoly of the money supply and its historic ruthlessness for squashing all competition.
He agreed that the central banks would like nothing more than to replace the current cryptos as well as all paper fiat currencies with digital sovereign versions. And he predicts they will likely try to do exactly this.
How successful will they be? Just one more unexpected consequence of this crypto mania we're watching play out in real time. Source That right there, folks, is the madness of crowds. Advice For Those Who Missed The Rocket Ride So, if you've been feeling like the loser who missed the Bitcoin party bus, you've likely done yourself a favor by not buying in over the past few weeks.
Here's our current guidance: Open an account with a crypto exchange: While we maintain Bitcoin and many other cryptocurrencies are in a bubble right now, we reiterate our position that they are worth having exposure to in your portfolio -- albeit not at today's prices. So get all of that out of the way now, while your waiting on the sidelines. We've been beating this drum for a while because it's not just Bitcoin next crypto bubble imminent but dash may not have to wait in a bubble.
Keep building your cash reserves as "dry powder" to deploy when the next big market correction hits. Chances are likely that at some point in the next years, you'll have the opportunity to buy cryptos, stocks, bonds and real estate at generous fractions of the prices seen today.
Hold on to your precious metals: Holders of gold and silver have watched Bitcoin's moon-shot with a lot of understandable envy. This is the kind of massive re-pricing boom they expected the precious metals to experience as world fiat currencies inflate away their purchasing power.
Were PM investors wrong? Did they pick the wrong horse in this race? Should they have piled into the cryptocurrencies instead? While it has been a painful five years, we expect precious metals holders will be rewarded in the end. Capital will return to the PM market as soon as the current nested set of financial bubbles begins bursting. And if you think the jump in Bitcoin has been tremendous as a money tsunami has flooded into this small market, remember that Bitcoin's market capitalization is now substantially larger than that for all the world's above-ground silver.
How high could we see silver go when that metal become en vogue again? Hey, Bitcoin could still rally higher from here -- much higher. It's still a small market with a lot next crypto bubble imminent but dash may not have to wait hot money fighting to enter it.