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Bitcoin Continues Its Surge, Moving The Market To New Highs

bitcoin

bitcoin

 

Bitcoin Continues Its Surge, Moving The Market To New Highs

Bitcoin continued to surge on Monday, reaching a $4,252.65 price by Noon, according to coinmarketcap.com. The crypto leader gained 5.5 points in the last 24 hours, delivering a $70.195 billion market cap. Bitcoin has more than quadrupled its value for the year and gained about 50 percent in August.

Surpassing $70 billion marks an event the cryptocurrency community has been anticipating for years: bitcoin now has a greater total valuation than payment-processing behemoth PayPal.

Bitcoin Leads The Market

Bitcoin's 24-hour performance surpassed that of Ethereum, which rose 0.32 points, and Ripple, which lost 2.06 points. Fifth place IOTA, with a market cap of $2.473 billion, was the only top 10 crypto to post a higher gain than bitcoin, jumping 18.09 points in the 24-hour period. Seven of the top 10 cryptos lost value during the period.

For the first time since late July, bitcoin’s market valuation comprised more than 50% of the entire cryptocurrency market, accounting for 50.57% of the market, followed by Ethereum at 20.37%

Veteran stock researcher Ronnie Moas raised his price target on bitcoin Monday by $2,500 following the weekend price surge, according to CNBC.

Moas, the founder of Standpoint Research, said the floodgates are opening for millions of dollars in hedge funds and deep-pocketed individuals. Moas laid out his initial views in early July, issuing a report in August where he targeted the price target at $5,000 next year.

Moas Now Projects $7,500 Price

Moas now expects the price to climb nearly 80 percent from the weekend’s price to $7,500. He further expects the price to surge to $50,000 in 2027, marking a 28 percent annual compounded growth rate.

He expects digital currencies to become part of and "asset allocation models" and "strategic reserves". He added that people in foreign countries will pursue digital currencies as a more stable alternative to national currencies.

Also read: Bitcoin price sustains momentum, moving closer to $4,200 as demand surges

Various Factors Fuel The Growth

Various factors are fueling bitcoin's continuous rise.

Brian Kelly, a CNBC contributor and head of BKCM, which operates a digital asset strategy, noted that rising tension between the U.S and North Korea is also resulting in an increase in demand towards bitcoin, amidst intensified equity market sell-off.

As Kelly and others have noted, an increasing number of investors and professional traders are beginning to shift towards bitcoin from gold as the ultimate safe haven asset. The portability, transferrability and high liquidity of bitcoin have made the cryptocurrency an efficient, portable, secure and highly liquid store of value and a safe haven asset for a wide range of investors.

Moas nonetheless noted that people should understand bitcoin is not regulated, and said his digital currency holdings are spread across five exchanges.

Posted by Lester Coleman on Bitcoin Analysis, Bitcoin Price News, Bitcoin Progress, Ethereum News, News

Lester Coleman is a media relations consultant for the payments and automated retailing industries. He is available for writing and media relations assignments.

Now I want to introduce you to the BitClub

 

Most people have heard of Bitcoin but don't really understand what it is.

The most important thing to understand is that there are people making millions of dollars every month mining Bitcoin .

There is now a new company called Bit Club Network that let's anyone get involved in Bitcoin mining.

You don't have to be a programmer, you don't have to buy millions in equipment and you don't have to set up anything.

You buy a share of one of the mining pools and you get paid every day. It's that simple.

Everybody wants a business that pays them everyday residually.

Not only do we have it here, but we also get paid to share it with everyone we know.

Check out the videos etc. and get in touch with me as soon as possible.

Millions of people will be joining from around the world, you're hearing about it first.

Don't miss out, click HERE to get more information.

 

Regards

Ida Mae Boyd
HoneyBeeHive
609-641-6594
SKYPE: imboyd681

Ida Mae Boyd

Trezor Founder: How a Multi-Million Dollar Bitcoin Startup was formed with $45

bitcoins

bitcoin

 

Trezor Founder: How a Multi-Million Dollar Bitcoin Startup was formed with $45

Marek "Slush" Palatinus, the lead architect and CEO of Trezor and its parent company Satoshi Labs, revealed that he started Slush Pool, the oldest mining pool within the bitcoin mining industry, with a $45/month virtual machine. Today, Slush Pool along with Satoshi Labs and Trezor have transformed into multi-million dollar businesses, generating stable streams of revenue and high profit margins.

"I started Slush Pool on $45/Mo virtual machine few years ago and built a multi-million startup on top of it. Not possible today," said Slush.

Over the past few years, billions of dollars were invested in bitcoin and block chain startups by venture capital firms, angel investors, technology conglomerates and financial institutions. Some companies such as Coin base, Gemini, Bitfinex and Block chain have become massively successful businesses, with Coin base becoming the first unicorn startup within the bitcoin industry with its latest $100 million funding round that increased the company’s valuation to $1.6 billion.

However, many innovative and unique companies, applications and platforms such as Change Tip and Lawnmower failed to secure active user bases, stable revenue streams and record profits for their investors. Startups like Change Tip were ultimately acqui-hired by multi-billion dollar technology companies including AirBnb and Lawnmower, which once allowed users to save cash change in bitcoin, rebranded to more applicable platforms.

Lawnmower for instance, is now a block chain assets portfolio management tool, targeting professional traders and portfolio managers looking to expose themselves to a new asset class and invest in bitcoin and Ethereum. Hence, despite the exponential growth rate of bitcoin and the entire cryptocurrency market and alluring opportunities, it was difficult for companies like Trezor, Slush Pool and Satoshi Labs to make it through the bitcoin industry’s early stages. But, companies that were successful in securing their brand and presence in the industry have now become successful companies. Trezor for instance, has experienced an abrupt surge in demand throughout the past two years that in some months, the company was not able to address the growing demand from its clients.

In February of this year, the Trezor team announced:

"With much regret, Satoshi Labs would like to inform you that due to the exceedingly high and unanticipated demand associated with the increase in bitcoin value, our stock at TREZOR Shop has been depleted. We would like to sincerely apologize for this inadequate foresight related to the development of bitcoin value. Production plans have been fixed and this situation should not occur in the future again."

An important takeaway from Satoshi Labs and Slush’s journey since 2013 future entrepreneurs and potential investors must acknowledge that it has become virtually impossible to create or establish companies within the bitcoin and cryptocurrency industries with limited resources. Companies like Coin base and Block chain are aggressively expanding globally with hundreds of millions of dollars in capital and startups like Trezor and Ledger have already established strong presence in the bitcoin hardware wallet market.

For the majority of investors and entrepreneurs, the abovementioned issue can be considered as an advantage as it means that the bitcoin and cryptocurrency markets have significantly matured within a span of years.

Posted by Joseph Young in Bitcoin Analysis, Bitcoin Companies, News

Now I want to introduce you to the BitClub

Most people have heard of Bitcoin but don't really understand what it is.

The most important thing to understand is that there are people making millions of dollars every month mining Bitcoin .

There is now a new company called Bit Club Network that let's anyone get involved in Bitcoin mining.

You don't have to be a programmer, you don't have to buy millions in equipment and you don't have to set up anything.

You buy a share of one of the mining pools and you get paid every day. It's that simple.

Everybody wants a business that pays them everyday residually.

Not only do we have it here, but we also get paid to share it with everyone we know.

Check out the videos etc. and get in touch with me as soon as possible.

Millions of people will be joining from around the world, you're hearing about it first.

Don't miss out, click HERE to get more information.

Regards

Ida Mae Boyd
HoneyBeeHive
609-641-6594
SKYPE: imboyd681

Ida Mae Boyd

AT&T and American Airlines Accept Bitcoin Voucher

bitclub

AT&T and American Airlines Accept Bitcoin Voucher

Bitcoin is gaining such prominence in value and adoption that it's making major online brands sit up and take notice.

Yesterday, bitcoin's price soared through the $3,400 mark, zeroing in on the $3,500 milestone.

With ethereum steadily climbing to $300, the market cap exceeded that of $120 billion for the first time.
It has since slipped back down to $118 billion.

There are, of course, already plenty of major brands that accept bitcoin as a form of payment: Starbucks,
Subway, Dell, Expedia, Overstock.com and Microsoft.

Yet, what about the other major brands?

To see what others thought of bitcoin, the team behind Coingeek undertook an experiment. Their aim was to
persuade twenty of the top online retail brands to accept the digital currency for payments.

They did this by sending each of the financial director’s $100 worth of bitcoin via a QR code.

The companies they chose included: Alibaba, Amazon, Tesco, Staples, Uber, McDonalds, Netflix, Airbnb,
American Airlines, LVMH, AT&T, CVS Health, Tesla, Apple, FedEx, John Lewis PLC, Spotify, BMW and Red Bull.

At the time, Laurence Tosi from Airbnb was the only one to take up the free bitcoin. Now, though, he has also
been joined by the likes of John J. Stephen from AT&T and Derek Kerr from American Airlines who have redeemed their vouchers,

Whether or not this means that the companies will start accepting the digital currency as a form of payment
remains to be seen. Aside from getting some free bitcoins, it may show their interest in trying something new.

This article was Written by Rebecca Campbell on 09/08/2017 and posted on Cryptocoins News

Now I want to introduce you to the BitClub

 

Most people have heard of Bitcoin but don't really understand what it is.

The most important thing to understand is that there are people making millions of dollars every month mining Bitcoin .

There is now a new company called Bit Club Network that let's anyone get involved in Bitcoin mining.

You don't have to be a programmer, you don't have to buy millions in equipment and you don't have to set up anything.

You buy a share of one of the mining pools and you get paid every day. It's that simple.

Everybody wants a business that pays them everyday residually.

Not only do we have it here, but we also get paid to share it with everyone we know.

Check out the videos etc. and get in touch with me as soon as possible.

Millions of people will be joining from around the world, you're hearing about it first.

Don't miss out, click HERE to get more information.

Regards

Ida Mae Boyd
HoneyBeeHive
609-641-6594
SKYPE: imboyd681

Ida Mae Boyd

What Is Digital Currency-How Does It Work

bitcoin

What Is Digital Currency-How Does It Work

What is digital currency? It is defined as: money stored and transferred in digital form. Sounds simple enough, but how does it all work?

This type of currency is thought to be good to use for making purchases on the internet because if it works the way it was meant to, transactions should be rather anonymous and untraceable back to the payer or user.

This means that hackers would no longer be able to gather personal information from people who use their credit cards to make online purchases. This would obviously decrease the number of stolen identities that happen every day.

To help you understand more of, "what is digital currency?" I have done quite a bit of research on the subject and have found that there are several different types out there, each with its own unique qualities.

Here are just a few with their descriptions following:

1. Digital Gold Currency – This type is backed by gold stored in vaults. The gold provides an extra measure of security and if you hold this type of currency, you could possibly directly exchange it for solid gold bullion.

2. Centralized Currency Systems – these are like PayPal and these companies allow you to send money all over the world as long as you have money in the account. For some services provided by these types of companies, you get charged a fee on the receivers’ end of the transaction.

3. Decentralized Currency Systems – Like Bitcoin are all based on cryptography and/or trust networks. Also called Hard Electronic Currency, it is intended to be more like using cash to make your transaction but your transaction is non-refundable once made. This type of system only works in one direction.

The E-cash idea has evolved along with the evolution of the Internet. People just do not feel comfortable with giving their personal credit card information over the Internet when making a purchase.

Too many bad things can happen like identity theft. No one wants their identity stolen.

So, many companies have attempted to create this type of payment or monetary system to minimize the risks of shopping online.

Many countries have successfully created systems for "in-house" use such as Hong Kong's Octopus card. This card works just like a sort of debit card where the user loads money onto the card and then all the money is deposited into a bank. They can then use the card for anything they need to use it for.

Some countries are working on or have systems that allow the user to transfer money through mobile devices. I think this is somewhat like what Chase lets their customers do. Their customers can take a picture of their check, front and back, with their phone and make their deposit electronically.

I do hope that this gives you some idea of what is digital currency and how it is attempting to take its place in the world of e-commerce. There may be a little more to it than I could describe in just one small article but I think you can get a good idea.

Now I want to introduce you to the BitClub

Most people have heard of Bitcoin but don't really understand what it is.

The most important thing to understand is that there are people making millions of dollars every month mining Bitcoin .

There is now a new company called Bit Club Network that let's anyone get involved in Bitcoin mining.

You don't have to be a programmer, you don't have to buy millions in equipment and you don't have to set up anything.

You buy a share of one of the mining pools and you get paid every day. It's that simple.

Everybody wants a business that pays them everyday residually.

Not only do we have it here, but we also get paid to share it with everyone we know.

Check out the videos etc. and get in touch with me as soon as possible.

Millions of people will be joining from around the world, you're hearing about it first.

Don't miss out, click HERE to get more information.

Regards

Ida Mae Boyd
HoneyBeeHive
609-641-6594
SKYPE: imboyd681

Ida Mae Boyd