Bitcoin, Ethereum Prices Plunge Into Support
An increasing number of websites are turning the computers of unsuspecting visitors into cryptocurrency miners. Cloud mining, which is also referred to as cloud hashing, allows the user to buy the output of cryptocurrency mining hardware, which are located in remote data centres, with all mining done remotely, removing the issues faced by miners using powerful platforms, including sizeable power usage, heat, insulation and of course, maintenance.
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The total value of Bitcoin now exceeds $40 billion, despite years of shady characters, fraud, theft and incompetence (including the Mt. Gox meltdown, which took almost $500 million with it) and despite the fact that it has no intrinsic value—not even the promise of a central government or a precious metal mined from the ground.
The long-term vision of this project is to be able to develop an Artificial Intelligence (AI) Cryptocurrency Trading Bot that can not only consider trader sentiment to make trading decisions but also take advantage of other opportunities such as arbitrage which is the purchase and sale of an asset to profit from a difference in the price.
The total Bitcoin Cash exchange rate index from August 1, 2017, equaled 0.83 (the rate of $380 at the close of the day on August 1, 2017, was taken as the basis for the calculation), i.e. during the period after the Bitcoin hard fork and the appearance of the new Bitcoin Cash cryptocurrency its exchange rate has fallen by 17%, while the Bitcoin exchange rate has appreciated over the same period by 109%.
U.S. and global equities grind further into record territory; global bond prices are indicative of one of history’s greatest financial Bubbles; real estate prices continue to inflate in most markets globally; debt issuance is on record pace and financial conditions remain incredibly loose virtually everywhere.
Cryptocurrencies have seen sizeable returns of late, easing the bubble talk as the markets look back on opportunities missed and what’s likely to come, with Bitcoin not alone in the exponential growth being seen, sizeable gains seen across the crypto world, as the market cap passes the $90bn mark, following a blip in the markets over concerns of a Bitcoin civil war that could see the largest cryptocurrency by market share, disintegrate, taking the rest of the crypto world with it.
When comparing cryptocurrencies to fiat money, the most notable difference is in how no group or individual may influence significantly the production of money (in the case of crypt it is called mining), instead only a certain amount of cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is bounded by a value both prior defined and publicly known.
Add to that the ties between North Korean operators and a watering hole compromise of a bitcoin news site in 2016, as well as at least one instance of usage of a surreptitious cryptocurrency miner , and we begin to see a picture of North Korean interest in cryptocurrencies, an asset class in which bitcoin alone has increased over 400% since the beginning of this year.
This coin only had 1 week of mining, then I moved to vertcoin, I mined that for more than a year and the price was just going down and down, I lost hope and interest aswell and one day the price of it went up, not insanely but since people didn’t mine it (price too low), it was pretty easy to get alot of it, so that one year of mining got me about 20BTC, my first real btc exchange was 2016 july-august?
If you haven’t already, check out my previous posts earlier this year about trading Bitcoins and Altcoins, which highlight technical analysis basics , fundamental analysis frameworks , margin trading , and tips on developing a cryptocurrency trading strategy and TA Here, I just want to point out the importance of understanding market structure, introduce you to market manipulation, and show you how technical analysis can be applied to your cryptocurrency trading.
One of the futures envisioned in Blockchain Revolution is a “second era of democracy”: one in which blockchain technology can create the conditions for fair, secure, and convenient digital voting that galvanizes the citizenry by removing so many of the systemic voting roadblocks plaguing our current system.
Bank of America, JPMorgan, the New York Stock Exchange, Fidelity Investments, and Standard Chartered are testing blockchain technology as a replacement for paper-based and manual transaction processing in such areas as trade finance, foreign exchange, cross-border settlement, and securities settlement.