Cryptolization — Cryptocurrency (Bitcoin And Altcoins) Market Capitalization Analysis
Bitcoin operates as a peer-to-peer platform. First, mobile devices aren’t going to generate much in the way of cryptocurrency profits, and second, they’re going to take a battery life or heat hit from doing so. I don’t care about mining on a laptop when it’s on AC power, but I’m jealous of every watt of battery power when I’m running in that mode.
In the much-hyped cryptocurrency startup market, ICOs allow startups to to bypass the regulated capital-raising process required by venture capitalists or banks, with a percentage of the cryptocurrency sold to early backers of the project in exchange for legal tender or other cryptocurrencies, such as Bitcoin.
For most people, your experience of Bitcoin will be just like the average experience of the Rainbow vacuum scam, and the original Amway and Mary Kay schemes: you won’t make any money, and you’ll lose a lot of time and effort, but you’ll be comforted in the knowledge that some people did get rich, so you weren’t a total sucker.
Governor Drozdenko noted that for the production of bitcoins, first of all, large areas for processing and cheap electric power are required.” His office has already been in discussion with Alexey Likhachev, Director General of Rosatom State Atomic Energy Corporation, as well as other Rosatom heads about how the liberated facility of Leningrad NPP can be used as a technopark designed for cheap energy,” he revealed.
The scrypt algorithm favours greater amounts of RAM and parallel processing ability, which is why GPU-based rigs are still the way to go. Furthermore, ASICs for scrypt have yet to take off, so the difficulty level of those currencies has not been pushed up as dramatically as has been the case with bitcoin.
Trading and investing in cryptocurrency CFDs involves a HIGH RISK of a loss of funds due to market volatility, execution issues and industry-specific disruptive events, such as hard forks, regulatory bans, the activities of hackers, mining cartels and other malicious actors within cryptocurrency ecosystems.
To put it into perspective, Bitcoin is now accounts for just under 50% of total market share of cryptocurrencies , despite the fact that Bitcoin’s market capitalisation has surged from around $10bn to over $40bn over the last year and having accounted for as much as 80% of total market capitalisation of cryptocurrencies a year ago, taking the total market cap of cryptocurrencies from $12.5bn to a whopping $90bn.
There are over 1000 different altcoins, and the liquidity of these markets can range from peanuts, even some with 0 trading volume over 24h, to highly liquid cryptocurrencies like Ethereum, and more recently Factom, Dash, Monero, MaidSafe, and several others that have also been trading at significant daily volumes of 1000 BTC and above.
With this information about mass psychology behind the market participants that you are competing with, you should now have a better understanding of the framework used to approach trading, be more well-versed in the structure of a pump & dump, and understand why and how price action is fueled by human behavior and their decisions.