What if Google created its own cryptocurrency? I won't be surprised if one day Google launches its own cryptocurrency, but it certainly won't be enough to beat Bitcoin in terms of dominance and price in today's cryptocurrency market. https://www.michellhilton.com/2020/05/e-se-o-google-criasse-sua-propria-criptomoeda.html Would it be something like Googlecoin ??? Or Goocoin? There is speculation that Google is working on something like this, but there is no confirmed news…
Wealth is a result, not a goal? Rich people have a growth mindset. They believe that they can overcome any obstacle that arises on their path. They also believe that they can have, be and do anything they want as long as they work towards it. https://www.quora.com/What-are-some-habits-that-separate-the-rich-from-the-poor/answer/Raul-Ballesteros Poor people aren’t always poor because of their mindset. Sometimes they grow up in places with much less opportunity and resources.…
Original Text of “Agrippa” Poem I have been a long time fan of William Gibson, and was very excited about *Agrippa* when it appeared, long ago. However, as I did not have access to the disk in the *Agrippa* art-book, I could not play with that. Of course I dutifully downloaded, read and stored the “Agrippa” poem once it was “hacked”, but that was it. (It took a long time before I had an idea what the book itself looked like, though.) "I hesitated before untying the bow that…
Bitcoin, Idealism, and Frugality I guess I haven't talked much about my Bitcoin adventures. Nor idealism coming before common sense with finances. Maybe one of you out there is young and idealistic. Your views around money follow suit. You don't really care about losing money, you just care about doing the right thing. Is that so bad? Maybe it isn't the best idea. I hope I can talk some sense into you. First experience with Bitcoin I don't have the most consistent…
The best answer is either “maybe”, it depends”, or maybe “eventually” If you do a little research you will find instances where the NSA or the CIA have pressured companies responsible for encryption technologies to include a backdoor for their use, or have simply (more recently discovered) bought said company to compromise said encryption. There are also encryption methods that are discovered to simply be weak, or have some flaw in their process that render the encryption…
How does the spread of COVID-19 affect Bitcoin's price? Bitcoin climbed to a fresh year moving sharply higher as the China stock market plummeted on its reopening after an extended lunar break. Investors are fearful the spreading coronavirus will weigh on China’s output in coming months with manufacturing, materials, and consumer goods companies among the hardest hit stocks. Bitcoin, meanwhile, climbed to 2020 highs of $9,740—somehow advancing its reputation as a safe haven…
The great economic crisis that has been expected for years is taking hold Everyone is panicking. The coronavirus has acted as a catalyst in accelerating the fall of the financial markets. The panic that has set in means that everyone is trying to recover as much liquidity as possible. **So all liquid markets have been heavily impacted since March 12, 2020.** Gold has even lost more than 10%. **So Bitcoin is not escaping the purge.** Its price lost 50% in a few hours on March…
The Ultimate Bitcoin Question **If everyone in the world "fairly understood" the nature of bitcoin, the strengths, and weaknesses, would Bitcoin's price decrease to 1) less than 10% 2) less than 50% or increase 3) to 150% or 4) more than 300%?** Straight to zero. It’s backed by nothing, it’s highly manipulated, it’s not cryptographically secure due to mining centralization, many exchanges are weak and/or fraudulent, it consumes exhorbitant amounts of electricity in an age of…
What would trigger the big bull run of the altcoins? **Basic Attention Token (BAT)—**solves a big problem in online advertising, namely, businesses waste a lot of money on ads that never get viewed and content they cannot monetize. BAT solves this problem by creating a market for “attention” using BAT tokens as the unit of exchange. If BAT succeeds, it will create an alternative revenue model for people who make YouTube videos, write blogs, answer Quora questions, or create…
The biggest misconception about being a CEO I think the biggest misconception is that anyone can do it. If there was ever a role subject to the Dunning-Kruger effect, this is it. Dunning-Kruger is best defined as “unskilled and unaware of it” and we all go through that in life to one degree or another. I started out in my entrepreneurial journey as the poster boy. I’ve been either CEO or Managing Partner in nine different companies and as I’ve grown older, what’s been the…
Bitcoin (BTC) is preparing for a massive bull run Even the report’s name is bullish — “Bitcoin Maturation Leap”. The report mentions a number of reasons that the Bitcoin market is maturing, and that it is due for a bull run. It also affirms that “Bitcoin is gaining relative fuel as stocks reset, if history is a guide”. There’s no shortage of people who would like to invest in cryptocurrency. The hard truth without a combination of experience, a feel for the market, and…
How much could be the risk of investing in Bitcoin in 2020? Pretty small, there is really only a real risk to buy Bitcoin in the first year after it has gone up by 10,000%. Let’s look at the previous behaviour of Bitcoin. 2014: 80% loss from $1,000 to $200 in the year after the 10,000% gain . 2015: 100% gain from $200 to $400 in the 2nd year after the 10,000% gain 2016: 100% gain from $400 to $800 in the 3rd year after the 10,000% gain 2017: 2,500% gain from $800 to $20,000…
Should I invest in Ethereum in 2020? Because the entire crypto ecosystem is running on Ethereum. Coins that have millions of users BAT, DENT or that transact more than 100M million in dollars NEXO, DAI are running on Ethereum. Also, the entire DeFi landscape is running on Ethereum with already more than $670M (!!!!) locked up and this is a very slow market. Imagine what happens when the market picks up again. Bitcoin has nothing against that, look at the tiny Lightning…
Should I invest in Bitcoin or Altcoin before the May 2020 halvening? On the way up, the good, big altcoins move almost as much as BTC or more. For example ETH and BNB both quadrupled while BTC quadrupled between April and June. On the way down, they also fell by 60%, just as much as Bitcoin. However, the smaller altcoins fell by 80%-90% on the way down. That means that it most likely doesn’t matter if you hold BTC, BNB or ETH. On the way up or down, they all increase or…
This brings us to the real question we should be asking: Why are more people buying bitcoin today? Most people were amazed that the price of Bitcoin could go from $330 to hovering around $7,500 in just 24 months 2017. That is a whopping 23-fold increase! No asset class in the world has performed better, and it seems that there is nothing stopping this bull run from reaching even greater heights. Stories of people finding bitcoin in their computers that are now worth millions…
Should one buy Bitcoin now or wait for Covid-19 to be over? The short answer is yes. Not only is it leveraging against fiat currencies but its showing people how stable it can be at a time where everything else is more volatile than Bitcoin. All the crazy chartist speculation on hoddling has currently flatlined. Instead of looking at bitcoin compare the same period against everything else. Everyone is buying and holding onto as much “bitcoins” as they can get their hands on.…
Is it better to invest in Bitcoin or Ethereum in 2020? Personally, I believe Bitcoin is a safer bet because of its simplicity. Unlike Ethereum, you can’t build things on top of it. And while that initially feels like a limitation, I’ve actually come to realize that it’s one of the key features of Bitcoin, because it is so simple and limited in scope and that it’s just trying to solve payments. What is more, **Bitcoin** **has a much smaller attack surface than Ethereum**…
What Bitcoin strategies worked in 2019 but probably won’t work in 2020? In 2019, no strategy really worked except holding big caps (BTC, ETH, BNB, LTC), which all did a 300% and then some. If you held smaller altcoins, the gains were not that good and there were lots of losses, too. However, this phase where Bitcoin was so strong only lasted for 5 months, from April 8th 2019 to September 9th. After that, altcoins quickly regained their strength and we have been in an alt…
With only 21 million bitcoin, will it eventually become difficult to own one whole bitcoin? It will become impossible to own one. looks at the orderbooks of all those exchanges, compare it to the number of mined bitcoins and you will easily understand that more than 80 % of bitcoiners are not trading, using or selling their coins, they are holding and they are holding for a long long time. Miners are forced to sell their bitcoins because they have expenses to cover, traders…
What are the implications of the market dominance of BlackRock? A key is the word “controls.” Nearly all of BlackRock’s assets are in index funds or widely diversified funds that don’t make strong economic bets or use leverage. Their investment decisions are mainly determined by their customers choices of funds, rather than BlackRock’s choices of what assets to buy. Private equity and hedge funds, by contrast, often use a lot of leverage, so $1 of fund assets can control $10…
Does a Quant have as miserable life as investment bankers do? There are aspects of both jobs that would make most people miserable, and many entry-level hires drop out as a result. But there are people who like those aspects. The main downsides of investment banking are: Long hours Travel Lots of petty tasks Dubious value-added or intellectual satisfaction Random outcomes The first five downsides unconnected with rational productivity, they are undertaken to distinguish…
Bitcoin Cash is very likely a great “investment” now Bitcoin Cash is very likely a great “investment” now, but in order to understand why, you need to understand a few historical details about Bitcoin. For most of Bitcoin’s history, up until roughly 2016, Bitcoin was an incredible technology. You could send any amount of money anywhere in the world to anyone almost instantly and almost for free. Bitcoin was the worlds first peer-to-peer, decentralized cash. Businesses all…
Is it advisable to invest in cryptocurrencies during a recession? When it comes to Cryptocurrencies, there’s Investing and Trading. When it comes to Blockchain technology, I see long-term potential so I’m technically HODLING for the time being. My advice is to diversify your portfolio and to keep it simple. Before you make the decision to invest, consider the following before investing: Draw out a Financial Roadmap (that is personalized to you) Evaluate your Comfort Zone…
Can encrypted files be hacked? “Encryption” in modern data security generally refers to key-based cryptography. In short, you input the data you want to encrypt and the key (a string of letters, numbers, and/or symbols) you want to use to encrypt it. The combination of these two things creates a jumbled mess that can only be decrypted if the appropriate key is used. The short answer is yes: encryption can be cracked. A brute force approach, which basically involves making…
What are some reasons that Bitcoin is getting resistance in the market as of late? Keep in mind that BTC is a “small cap market” with between $150B and $200B depending on the price at the time. That means that it can be subject to fairly strong manipulation by those who hold a lot of coins. In my opinion, we are seeing exactly that. There is a lot (comparatively) money to be made by swings of $1000-$3000 in the price. The Whales (those who hold thousands of coins) can move…
Why are billionaires in forex trading commonly hedge fund managers? A hedge fund manager has three sources of wealth: Investing her own money in her own fund Getting fees from investors in her fund Earning a portion of the trading profits of people she employs A retail trader has only (1), he has no way of levering his talent. Consider a retail trader who starts with $1 million (more than most retail traders do), earns 20% profit every year (the consistency is important,…
How safe is it to invest in Bitcoin in 2020? Yes it will be quite stable or move upwards throughout 2020 where it’ll probably reach $20,000-$80,000 and prepare to sell it in 2021, where it will probably peak at $180,000 and then flame out. Why $180,000? Because of the halvening. Bitcoin always does a 200% pump within 1 year before the halvening and another much, much bigger pump in the year after the halvening. We’ve seen this before for every halvening. From $3 to $10…
Will Bitcoin surpass $20,000 this summer? After two months of uncertainty, the Bitcoin exchange rate has increased again. At the moment, BTC is about $9,200, and many analysts believe that Bitcoin is on the way to its significant growth. In this case, the forecast did not arise without rhyme or reason. *But will it surpass $20,000?* Here are some factors which may make this rate real: Bitcoin halving positively affects the coin value. As a rule, halving significantly affects…
What is the biggest catch with Bitcoin that nobody ever talks about? The concentration of wealth by few wallets. There are currently 11 wallets without outbound payments since 2014, holding a total of 273,182 BTC. As soon as one of these ‘whales’ (large holders) sell their Bitcoins, the price will decline firmly. It happened before. This will trigger bots to sell more, plummeting the rates even more. Some of these wallets might be inaccessible. Or the holders are waiting for…
The Internet seems quite parallel … I’m not sure that he is predicting the failure of parallel computing. The context of the remarks seems tiny, and seems even limited to specific tiny contexts (for example using “locks” at all is a very bad way to try to deal with race conditions, etc.). I just did a Google search that got back to me in about 1/4 second after considering millions of items of indexed information spread around the world (this seems like parallelism working to…
What is your prediction of Bitcoin? The great economic crisis that has been expected for years is taking hold. Everyone is panicking. The coronavirus has acted as a catalyst in accelerating the fall of the financial markets. The panic that has set in means that everyone is trying to recover as much liquidity as possible. So all liquid markets have been heavily impacted since March 12, 2020. Gold has even lost more than 10%. So Bitcoin is not escaping the purge. Its price…
There are 6 very, very bullish facts about Ethereum for 2020 The entire crypto ecosystem is running on Ethereum. Coins that have millions of users such as BAT and DENT or that transact more than 100M million in dollars NEXO, DAI are running on Ethereum. Ethereum will launch ETH 2.0 with PoS and Sharding in 2020/2021, at which point they can scale infinitely and have no restrictions in terms of transaction per second since with Sharding their blockchain becomes more scalable…
How Bitcoin Halving Affects BTC Price Using past events as a yardstick, Bitcoin halving usually brings about a surge in the price, but in all, the supply/demand ratio plays the most vital role in determining what becomes of its price. Taking the supply/demand ratio into consideration, after a successful Bitcoin halving, the scarcity of the asset will increase. Now, for there to be an increase in its price, there must be a high demand for the asset. The industry has witnessed…
Will the price of Bitcoin crash after the halving? **Bitcoin saw massive growth after the 2016 halving.** On May 20th 2020, the third Bitcoin halving will occur. 50% less Bitcoins will be generated every 10 minutes and this could change the value of Bitcoin. Forever. This is known as a “Halving” and it has already occurred twice, each time boosting Bitcoins price by at least 10x. Despite increased awareness around Bitcoin, not a lot of people seem to be talking about this.…
Why The Price Of Bitcoin Will Never Go To Zero Now that you can invest hugely on power-miner.store where you can get daily profit off your bitcoin investments for as long as 6 months through mining and daily trading, then life is getting better for Bitcoin investors now. Thanks to the world cryptocurrency leaders for bringing in other options of earning cryptocurrency Zero Price Bitcoin There are a number of different reasons why the price of Bitcoin will never go to zero.…
Bitcoin $25,000 in 2021? All this is based on an analysis I've made of the previous Halvings here: “**What Can You Expect for Bitcoin Price the Days Following Its Third Halving?**” The first thing that gives me confidence is to see the reaction of the price of Bitcoin after the two previous Halving: **Halving in 2012**: Bitcoin price finally reached $1,147 on December 4, 2013, a little more than a year after its first Halving, which represents a pharaonic increase of…
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