Welche Vorteile habe ich mit einer Metis ... - Bitcoin Aktuell

The Bitcoin Bubble may cause problems for all of us.

It's no secret to any of you that Bitcoin is currently in a staggeringly large bubble. Between the time I now write this and one year ago, the Bitcoin price has increased from $640 to its current value of $5700 - an annual increase of 890%. This actually means bitcoin is one of the fastest appreciating financial assets in U.S. history (all similar rises were, of course, bubbles).
While last month it seemed that this meteoric rise might slow on bad news in the form of China shutting down crypto exchanges, this turned out to not be the case. Bitcoin has continued to rise at a truly impressive pace. While this current environment would seem like a bubble ready to burst, I would argue otherwise.
The story from Wall Street right now is that in fact, many more people want to invest in bitcoin than are currently doing so. However for many of these investors, the headache of having to go to bitcoin exchanges and learn about wallets etc. is keeping them at bay. They are waiting for more traditional instruments to come out of Wall Street before jumping on board.
And those instruments are coming. With Goldman Sachs discussing opening up bitcoin operatons, Bitcoin ETF's finally passing muster and being allowed to open, cryptocurrency based investment funds such as the one provided by Metis Management or the EToro's Crypto Fund coming online, and Wall Street beginning to have talks of creating Crypto futures markets, people's access to pathways to Crypto investment is increasing rapidly. Hedge fund managers are also trying to get in on the current action.
This means that Bitcoin and other cryptos are in the process of coming to a much larger market. Of course I don't have to remind any of you that the fundamentals of bitcoin have not really changed since the sub $200 price levels of 3 years ago. Its essentially the same tech. Further, acceptance by business has hardly increased at all(anecdotally it has decreased, those "Bitcoin Accepted Here" stickers are gathering dust).
The irrational exuberance of the Bitcoin markets, which until now have mostly been available to dedicated enthusiasts, are opening up, and the irrationality is spreading. When Wall Street does fully jump on board, we are going to see a price run up that will make the current run look pretty cute in comparison.
The current Bitcoin market cap stands at 94.6 billion, but it bears remembering that all other cryptos have historically walked in near lock step with bitcoin, especially on the downward side of the bubbles we've seen in the past. The total market capitalization of all cryptos is 169.1 billion. While this is already staggering for an "asset" that provides little more than a chance to speculate, with Wall Street really jumping on board this number could skyrocket. Compare the figure 169 billion to a single blue chip stock, such as Apple's $805 billion capitalization, and you can get a feel for how much untapped money Wall Street can provide.
Further, Bitcoin no longer represents an isolated speculative bubble. Nvidia recently reported that sales of mining equipment accounted for a full 10% of their revenue. Many companies, mostly tech companies, have been using coin ICO's as a way to get around federal regulation, meaning that the value of coins is funding a lot of startup activity in Silicon Valley. ICO offerings now provide more start up funds than venture capitalism, the traditional way that startups are funded. A crash in cryptos would be devastating to these ventures.
Blockchain technology unrelated to bitcoin is also taking off in a big way. Companies are starting to look at blockchains as a way to manage many operations, and are getting huge funding, based largely on the current exuberance of the bitcoin market. Look to IBM's "Blockchain Labs" for a blue chip example. A big drop in bitcoin's price will shake investor faith in these companies and provoke sell offs. Even governments are jumping on board. The state of Delaware recently launched the Delaware Blockchain Initiative to provide services to companies located in state.
Whether any crash of the bitcoin sphere will ripple further than the tech world is unsure. That all depends on how "all in" Wall Street manages to get before something causes it to pop. If total crypto market cap reaches 1 trillion, which at current growth rates would only take a year, you can bet your ass that the pretty highly leveraged and longest running bull market since World War 2, which we are currently in, will take a hit. How bad of a hit depends on how much debt investors are willing to take out to jump on the bitcoin train.
However, even if the bubble bursts now there will be knock on effects for those of us working in tech. And I can tell you one thing: If a fucking internet coin that I never had an interest in buying causes a market crash that affects me personally, I will be quite annoyed.
tl;dr Bitcoin and cryptos are now big enough that the popping of the current bubble will have wider effects on the economy as a whole.
submitted by justanta to Buttcoin [link] [comments]

Cryptos are big enough now that when the current Bitcoin bubble bursts it will affect the larger economy.

Whether you are bearish or bullish in the long term, Bitcoin is quite obviously in the midst of a bubble. Between the time I write this and a year ago, the Bitcoin price has increased from $640 to its current value of $5700 - an annual increase of 890%. This actually means bitcoin is one of the fastest appreciating financial assets in U.S. history (all similar rises were, of course, bubbles).
While last month it seemed that this meteoric rise might slow on bad news in the form of China shutting down crypto exchanges, this turned out to not be the case. Bitcoin has continued to rise at a truly impressive pace. While this current environment would seem like a bubble ready to burst, I would argue otherwise.
The story from Wall Street right now is that in fact, many more people want to invest in bitcoin than are currently doing so. However for many of these investors, the headache of having to go to bitcoin exchanges and learn about wallets etc. is keeping them at bay. They are waiting for more traditional instruments to come out of Wall Street before jumping on board.
And those instruments are coming. With Goldman Sachs discussing opening up bitcoin operatons, Bitcoin ETF's finally passing muster and being allowed to open, cryptocurrency based investment funds such as the one provided by Metis Management or the EToro's Crypto Fund coming online, and Wall Street beginning to have talks of creating Crypto futures markets, people's access to pathways to Crypto investment is increasing rapidly. Hedge fund managers are also trying to get in on the current action.
This means that Bitcoin and other cryptos are in the process of coming to a much larger market. Of course I don't have to remind any of you that the fundamentals of bitcoin have not really changed since the sub $200 price levels of 3 years ago. Its essentially the same tech. Further, acceptance by business has only marginally increased.
The irrational exuberance of the Bitcoin markets, which until now have mostly been available to dedicated enthusiasts, are opening up, and the irrationality is spreading. When Wall Street does fully jump on board, we are going to see a price run up that will make the current run look pretty cute in comparison.
The current Bitcoin market cap stands at 94.6 billion, but it bears remembering that all other cryptos have historically walked in near lock step with bitcoin, especially on the downward side of the bubbles we've seen in the past. The total market capitalization of all cryptos is 169.1 billion. While this is already staggering for an asset that at this time provides little more than a chance to speculate, with Wall Street really jumping on board this number could skyrocket. Compare the figure 169 billion to a single blue chip stock, such as Apple's $805 billion capitalization, and you can get a feel for how much untapped money Wall Street can provide.
Further, Bitcoin no longer represents an isolated speculative bubble. Nvidia recently reported that sales of mining equipment accounted for a full 10% of their revenue. Many companies, mostly tech companies, have been using coin ICO's as a way to get around federal regulation, meaning that the value of coins is funding a lot of startup activity in Silicon Valley. ICO offerings now provide more start up funds than venture capitalism, the traditional way that startups are funded. A crash in cryptos would be devastating to these ventures. Blockchain technology unrelated to bitcoin is also taking off in a big way. Companies are starting to look at blockchains as a way to manage many operations, and are getting huge funding, based largely on the current exuberance of the bitcoin market. Look to IBM's "Blockchain Labs" for a blue chip example. A big drop in bitcoin's price will shake investor faith in these companies and provoke sell offs. Even governments are jumping on board. The state of Delaware recently launched the Delaware Blockchain Initiative to provide services to companies located in state.
Whether any crash of the bitcoin sphere will ripple further than the tech world is unsure. That all depends on how "all in" Wall Street manages to get before something causes it to pop. If total crypto market cap reaches 1 trillion, which at current growth rates would only take a year, you can bet your ass that the pretty highly leveraged and longest running bull market since World War 2, which we are currently in, will take a hit. How bad of a hit depends on how much debt investors are willing to take out to jump on the bitcoin train. However, even if the bubble bursts now there will be knock on effects for those of us working in tech. I expect that my highly investment driven tech business will take a hit.
tl;dr Bitcoin and cryptos are now big enough that the popping of the current bubble will have wider effects on the economy as a whole.
submitted by justanta to CryptoCurrency [link] [comments]

Cryptocurrencies are in the green as traders digest news the SEC is reviewing its decision to reject the ProShares & Direxion Bitcoin ETF proposal, Fundstrat’s Tom Lee sees Bitcoin trading up with emerging markets in 2H2018

Sources:
https://www.coindesk.com/search-giant-baidu-to-censor-crypto-discussions-on-its-forum-business/ https://www.coindesk.com/upside-calling-bearish-bets-on-bitcoin-futures-hit-record-low/ https://cointelegraph.com/news/fundstrats-tom-lee-correlation-between-btc-and-emerging-markets-is-sign-of-upcoming-trend-reversal https://cointelegraph.com/news/new-york-district-judge-rules-that-cftc-can-permanently-ban-crypto-firm https://bitcoinist.com/defense-distributed-appeal-bitcoin/ https://www.coindesk.com/with-nearly-200-million-on-the-line-eos-is-building-a-voting-system/ https://www.ccn.com/mark-zuckerbergs-sister-signs-on-to-serve-on-huobi-chain-advisory-committee/ https://www.ccn.com/icon-records-23-gain-again-while-crypto-market-sees-gloomy-forecast/ https://www.coindesk.com/india-central-bank-forms-new-unit-to-tackle-blockchain-regulation/ https://www.ccn.com/indias-central-bank-quietly-forms-new-cryptocurrency-blockchain-research-unit/ https://cointelegraph.com/news/japan-it-giant-ntt-data-ministry-of-economy-announce-blockchain-based-platform-for-trade https://www.coindesk.com/nex-infinity-blockchain-cuts-sheds-jobs/ https://bitcoinist.com/iran-central-bank-cryptocurrency-end/ https://bitcoinist.com/as-cryptocurrency-gains-popularity-in-israel-discussions-continue-about-a-crypto-shekel/ https://bitcoinist.com/maltese-prime-minister-fraudulently-impersonated-by-bitcoin-peddlers-on-instagram/ https://bitcoinist.com/reddit-co-founder-is-optimistic-in-spite-of-bitcoin-volatility/ https://news.bitcoin.com/investments-offshores-foreign-trade-russia-planning-for-crypto/ https://btcmanager.com/soluna-bets-big-on-offsetting-bitcoin-energy-consumption/ https://bitcoinist.com/litecoin-charlie-lee-ponzi-scheme-silverbug-youtube https://www.newsbtc.com/2018/08/27/prominent-analyst-bitcoin-is-significantly-healthier-in-2018-than-2014-optimistic/ https://www.coinspeaker.com/2018/08/27/world-first-blockchain-bond-attracted-110-million-of-investments/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

188 Crypto Currencies

2ch 2CH 42coin 42C AndroidToken ADT Alcohoin ALC alphacoin ALF AmericanCoin AMC amkoin AmK Anoncoin ANC alphaomegacoin AOC apc APC apecoin APE Argentum ARG AsicCoin ASC Astrocoin ASR Auroracoin AUR BAC BatCoin BAT baobeicoin BBC battlecoin BCX BeaoCoin BEC BellsCoin BEL ben BEN Betacoin BET Butterflycoin BFC bil BIL blade BLA Blakecoin BLC dobbscoin BOB BountyCoin BOC bosscoinnew BOS BBQcoin BQC bestcoin BSC bitbar BTB bitcoin BTC Bitcoin-sCrypt BTCs bytecoin BTE BitGem BTG CryptoBuck BUK Burbucoin BUR Cachecoin CACH cagecoinnew CAGE Bottlecaps CAP CASH catcoin CAT ccc CCC Cloud Icon CDC pennies CENT CryptographicAnomaly CGA CryptogenicBullion CGB ChainCoin CHC ChiCoin CHI CIN Clockcoin CKC Copperlark CLR cosmoscoin CMC CHNCoin CNC C-Note CNOTE Colossuscoin COL Coino CON CorgiCoin CORG coinyecoin COYE CopperBars CPR Craftcoin CRC credits CRD crn CRN casinocoin CSC Communitycoin CTC Cryptobits CYB dbl DBL dem DEM DigiByteCoin DGB digitalcoin DGC dimecoin DIME Diamond DMD DragonCoin DNC dogecoin DOGE dopecoin DOPE dollarpounds DPS DarkCoin DRK datacoin DTC DuckDuckCoin DUCK devcoin DVC earthcoin EAC ElectronicBenefitTransfer EBT ecocoin ECO EagleCoin EGC elacoin ELC Elephantcoin ELP emerald EMD Extremecoin EXC ezcoin EZC Fckbankscoin FCK Ferretcoin FEC FireFlyCoin FFC florincoin FLO FoxCoin FOX freicoin FRC FreeCoin FRE franko FRK fairquark FRQ fastcoinnew FST feathercoin FTC fz FZ gaycoin GAY Grandcoin GDC geocoin GEO GiftCoin GFT gil GIL globecoin GLB Globalcoin GLC GoldCoin GLD galtcoin GLT Galaxycoin GLX gamecoin GME goatcoin GOAT GoldPressedLatinum GPL graincoin GRA GridCoin GRC Grumpycoin GRUM GrowthCoin GRW HoboNickelsCoin HBN hotcoin HOT Huitong HTC huntercoin HUC Hypercoin HYC I0coin I0C iCoin IC Infinitecoin IFC ipc IPC italycoin ITC IXCoin IXC junkcoin JKC jerkycoin JKY JPU Karmacoin KARM KlondikeCoin KDC Kudos KDS Darsek KED Krugercoin KGC kakacoin KKC Ekrona KRN Lebowski LBW leafcoin LEAF lucky7 LK7 Luckycoin LKY LottoCoin LOT lpc LPC Litecoin LTC Livecoin LVC machinecoin MAC MaxCoin MAX Megacoin MEC Mediterraneancoin MED memecoin MEM KittehCoin MEOW mlc MLC MemoryCoin MMC mincoinnew MNC Moleculecoin MOL monacoin MONA mooncoin MOON maples MPL microCoin MRC marscoin MRS murraycoin MRY MasterCoin MST MetisCoin MTC Nanotoken NAN nbcoin NBC Nibble NBL noodlyappendagecoin NDL neocoin NEC netcoin NET incakoin NKA Namecoin NMC NobleCoin NOB Noirbits NRB Nucoin NUC Nutcoin NUT Novacoin NVC networkcoin NWC nxtcoin NXT Nyancoin NYAN naanayam NYM Cthulhu OFF ogc OGC OlympicCoin OLY Onecoin ONC OnionCoin ONI Orbitcoin ORB OpenSourceCoin OSC paccoin PAC Pandacoin PAND PeaceCoin PEC Penguincoin PENG pangucoin PGC PhiCoin PHI Philosopherstone PHS PikaCoin PIKA ptc PIR PlayToken PLT pmc PMC Pokercoin POK popcoin POP PotCoin POT PPCoin PPC PeopleCoin PPL Particle PRT PesetaCoin PTC ProtoShares PTS powercoin PWC phenixcoin PXC PixelCoin PXL PayCoin PYC QubitCoin Q2C cubits QBT QQcoin QQC Quark QRK Radioactivecoin RAD Richcoin RCH Reddcoin RDD realcoin REC Redcoin RED RonPaulCoin RPC rapidcoin RPD RastaCoin RTC royalcoin RYC SaturnCoin SAT SavingCoin SAV Stablecoin SBC sbx SBX sCoin SCO seedcoin SDC SherlockCoin SHC SIC skein SKN SolarCoin SLR SmartCoin SMC snowcoin SNC sochicoin SOCHI Spots SPT SecureCoin SRC STLcoin STL Starcoin STR StoriesCoin STY SUNCoin SUN SexCoin SXC TagCoin TAG teacoin TEA Tekcoin TEK teslacoin TES Tigercoin TGC tipsnew TIPS LotteryTickets TIX Timekoin TK TopCoin TOP terracoin TRC TittieCoin TTC FederationCredits UFC ufocoin UFO unc UNC unicoin UNI Unobtanium UNO unitedscryptcoin USC UnitaryStatusDollareCoin USDE Ultracoin UTC Vendettacoin VAC Velocitycoin VEL Valuecoin VLC ElectricCoin VOLT Vertcoin VTC wdc WDC WikiCoin WIKI Dubstepcoin WUBS XCoin XCO Joulecoin XJO Xencoin XNC primecoin XPM TurboCoin XTP YaCoin YAC ybcoin YBC BaconBitsCoin YUM ZcCoin ZCC zedcoin ZED Zetacoin ZET Zeuscoin ZEU Zenithcoin ZTC zur ZUR 
Our goal at coinpay is to network and list merchant services and coin payment options for each coin above.
Any coin devs or coin admins and staff for each coin above please contact us to list merhcant services and retailers.
submitted by coinpay to CryptoCurrency [link] [comments]

Bitcoin is big enough now that when the current bubble bursts it will affect the wider economy.

Whether you are bearish or bullish in the long term, Bitcoin is quite obviously in the midst of a bubble. Between the time I write this and a year ago, the Bitcoin price has increased from $640 to its current value of $5700 - an annual increase of 890%. This actually means bitcoin is one of the fastest appreciating financial assets in U.S. history (all similar rises were, of course, bubbles).
While last month it seemed that this meteoric rise might slow on bad news in the form of China shutting down crypto exchanges, this turned out to not be the case. Bitcoin has continued to rise at a truly impressive pace. While this current environment would seem like a bubble ready to burst, I would argue otherwise.
The story from Wall Street right now is that in fact, many more people want to invest in bitcoin than are currently doing so. However for many of these investors, the headache of having to go to bitcoin exchanges and learn about wallets etc. is keeping them at bay. They are waiting for more traditional instruments to come out of Wall Street before jumping on board.
And those instruments are coming. With Goldman Sachs discussing opening up bitcoin operatons, Bitcoin ETF's finally passing muster and being allowed to open, cryptocurrency based investment funds such as the one provided by Metis Management or the EToro's Crypto Fund coming online, and Wall Street beginning to have talks of creating Crypto futures markets, people's access to pathways to Crypto investment is increasing rapidly. Hedge fund managers are also trying to get in on the current action.
This means that Bitcoin and other cryptos are in the process of coming to a much larger market. Of course I don't have to remind any of you that the fundamentals of bitcoin have not really changed since the sub $200 price levels of 3 years ago. Its essentially the same tech. Further, acceptance by business has only marginally increased.
The irrational exuberance of the Bitcoin markets, which until now have mostly been available to dedicated enthusiasts, are opening up, and the irrationality is spreading. When Wall Street does fully jump on board, we are going to see a price run up that will make the current run look pretty cute in comparison.
The current Bitcoin market cap stands at 94.6 billion, but it bears remembering that all other cryptos have historically walked in near lock step with bitcoin, especially on the downward side of the bubbles we've seen in the past. The total market capitalization of all cryptos is 169.1 billion. While this is already staggering for an asset that at this time provides little more than a chance to speculate, with Wall Street really jumping on board this number could skyrocket. Compare the figure 169 billion to a single blue chip stock, such as Apple's $805 billion capitalization, and you can get a feel for how much untapped money Wall Street can provide.
Further, Bitcoin no longer represents an isolated speculative bubble. Nvidia recently reported that sales of mining equipment accounted for a full 10% of their revenue. Many companies, mostly tech companies, have been using coin ICO's as a way to get around federal regulation, meaning that the value of coins is funding a lot of startup activity in Silicon Valley. ICO offerings now provide more start up funds than venture capitalism, the traditional way that startups are funded. A crash in cryptos would be devastating to these ventures.
Blockchain technology unrelated to bitcoin is also taking off in a big way. Companies are starting to look at blockchains as a way to manage many operations, and are getting huge funding, based largely on the current exuberance of the bitcoin market. Look to IBM's "Blockchain Labs" for a blue chip example. A big drop in bitcoin's price will shake investor faith in these companies and provoke sell offs. Even governments are jumping on board. The state of Delaware recently launched the Delaware Blockchain Initiative to provide services to companies located in state.
Whether any crash of the bitcoin sphere will ripple further than the tech world is unsure. That all depends on how "all in" Wall Street manages to get before something causes it to pop. If total crypto market cap reaches 1 trillion, which at current growth rates would only take a year, you can bet your ass that the pretty highly leveraged and longest running bull market since World War 2, which we are currently in, will take a hit. How bad of a hit depends on how much debt investors are willing to take out to jump on the bitcoin train.
However, even if the bubble bursts now there will be knock on effects for those of us working in tech. And I can tell you one thing: If a fucking internet coin that I never had an interest in buying causes a market crash that affects me personally, I will be quite annoyed.
tl;dr Bitcoin and cryptos are now big enough that the popping of the current bubble will have wider effects on the economy as a whole.
submitted by justanta to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Bitcoin is big enough now that when the current bubble bursts it will affect the wider economy.

The following post by justanta is being replicated because the post has been silently greylisted(for 1.6 hours).
(It was approved by the mods at: 2017-10-14T11:01:48.000Z)
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/762gn3
The original post's content was as follows:
Whether you are bearish or bullish in the long term, Bitcoin is quite obviously in the midst of a bubble. Between the time I write this and a year ago, the Bitcoin price has increased from $640 to its current value of $5700 - an annual increase of 890%. This actually means bitcoin is one of the fastest appreciating financial assets in U.S. history (all similar rises were, of course, bubbles).
While last month it seemed that this meteoric rise might slow on bad news in the form of China shutting down crypto exchanges, this turned out to not be the case. Bitcoin has continued to rise at a truly impressive pace. While this current environment would seem like a bubble ready to burst, I would argue otherwise.
The story from Wall Street right now is that in fact, many more people want to invest in bitcoin than are currently doing so. However for many of these investors, the headache of having to go to bitcoin exchanges and learn about wallets etc. is keeping them at bay. They are waiting for more traditional instruments to come out of Wall Street before jumping on board.
And those instruments are coming. With Goldman Sachs discussing opening up bitcoin operatons, Bitcoin ETF's finally passing muster and being allowed to open, cryptocurrency based investment funds such as the one provided by Metis Management or the EToro's Crypto Fund coming online, and Wall Street beginning to have talks of creating Crypto futures markets, people's access to pathways to Crypto investment is increasing rapidly. Hedge fund managers are also trying to get in on the current action.
This means that Bitcoin and other cryptos are in the process of coming to a much larger market. Of course I don't have to remind any of you that the fundamentals of bitcoin have not really changed since the sub $200 price levels of 3 years ago. Its essentially the same tech. Further, acceptance by business has only marginally increased.
The irrational exuberance of the Bitcoin markets, which until now have mostly been available to dedicated enthusiasts, are opening up, and the irrationality is spreading. When Wall Street does fully jump on board, we are going to see a price run up that will make the current run look pretty cute in comparison.
The current Bitcoin market cap stands at 94.6 billion, but it bears remembering that all other cryptos have historically walked in near lock step with bitcoin, especially on the downward side of the bubbles we've seen in the past. The total market capitalization of all cryptos is 169.1 billion. While this is already staggering for an asset that at this time provides little more than a chance to speculate, with Wall Street really jumping on board this number could skyrocket. Compare the figure 169 billion to a single blue chip stock, such as Apple's $805 billion capitalization, and you can get a feel for how much untapped money Wall Street can provide.
Further, Bitcoin no longer represents an isolated speculative bubble. Nvidia recently reported that sales of mining equipment accounted for a full 10% of their revenue. Many companies, mostly tech companies, have been using coin ICO's as a way to get around federal regulation, meaning that the value of coins is funding a lot of startup activity in Silicon Valley. ICO offerings now provide more start up funds than venture capitalism, the traditional way that startups are funded. A crash in cryptos would be devastating to these ventures.
Blockchain technology unrelated to bitcoin is also taking off in a big way. Companies are starting to look at blockchains as a way to manage many operations, and are getting huge funding, based largely on the current exuberance of the bitcoin market. Look to IBM's "Blockchain Labs" for a blue chip example. A big drop in bitcoin's price will shake investor faith in these companies and provoke sell offs. Even governments are jumping on board. The state of Delaware recently launched the Delaware Blockchain Initiative to provide services to companies located in state.
Whether any crash of the bitcoin sphere will ripple further than the tech world is unsure. That all depends on how "all in" Wall Street manages to get before something causes it to pop. If total crypto market cap reaches 1 trillion, which at current growth rates would only take a year, you can bet your ass that the pretty highly leveraged and longest running bull market since World War 2, which we are currently in, will take a hit. How bad of a hit depends on how much debt investors are willing to take out to jump on the bitcoin train.
However, even if the bubble bursts now there will be knock on effects for those of us working in tech. And I can tell you one thing: If a fucking internet coin that I never had an interest in buying causes a market crash that affects me personally, I will be quite annoyed.
tl;dr Bitcoin and cryptos are now big enough that the popping of the current bubble will have wider effects on the economy as a whole.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] Cryptos are big enough now that when the current Bitcoin bubble bursts it will affect the larger ...

The following post by justanta is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/762vac
The original post's content was as follows:
Whether you are bearish or bullish in the long term, Bitcoin is quite obviously in the midst of a bubble. Between the time I write this and a year ago, the Bitcoin price has increased from $640 to its current value of $5700 - an annual increase of 890%. This actually means bitcoin is one of the fastest appreciating financial assets in U.S. history (all similar rises were, of course, bubbles).
While last month it seemed that this meteoric rise might slow on bad news in the form of China shutting down crypto exchanges, this turned out to not be the case. Bitcoin has continued to rise at a truly impressive pace. While this current environment would seem like a bubble ready to burst, I would argue otherwise.
The story from Wall Street right now is that in fact, many more people want to invest in bitcoin than are currently doing so. However for many of these investors, the headache of having to go to bitcoin exchanges and learn about wallets etc. is keeping them at bay. They are waiting for more traditional instruments to come out of Wall Street before jumping on board.
And those instruments are coming. With Goldman Sachs discussing opening up bitcoin operatons, Bitcoin ETF's finally passing muster and being allowed to open, cryptocurrency based investment funds such as the one provided by Metis Management or the EToro's Crypto Fund coming online, and Wall Street beginning to have talks of creating Crypto futures markets, people's access to pathways to Crypto investment is increasing rapidly. Hedge fund managers are also trying to get in on the current action.
This means that Bitcoin and other cryptos are in the process of coming to a much larger market. Of course I don't have to remind any of you that the fundamentals of bitcoin have not really changed since the sub $200 price levels of 3 years ago. Its essentially the same tech. Further, acceptance by business has only marginally increased.
The irrational exuberance of the Bitcoin markets, which until now have mostly been available to dedicated enthusiasts, are opening up, and the irrationality is spreading. When Wall Street does fully jump on board, we are going to see a price run up that will make the current run look pretty cute in comparison.
The current Bitcoin market cap stands at 94.6 billion, but it bears remembering that all other cryptos have historically walked in near lock step with bitcoin, especially on the downward side of the bubbles we've seen in the past. The total market capitalization of all cryptos is 169.1 billion. While this is already staggering for an asset that at this time provides little more than a chance to speculate, with Wall Street really jumping on board this number could skyrocket. Compare the figure 169 billion to a single blue chip stock, such as Apple's $805 billion capitalization, and you can get a feel for how much untapped money Wall Street can provide.
Further, Bitcoin no longer represents an isolated speculative bubble. Nvidia recently reported that sales of mining equipment accounted for a full 10% of their revenue. Many companies, mostly tech companies, have been using coin ICO's as a way to get around federal regulation, meaning that the value of coins is funding a lot of startup activity in Silicon Valley. ICO offerings now provide more start up funds than venture capitalism, the traditional way that startups are funded. A crash in cryptos would be devastating to these ventures. Blockchain technology unrelated to bitcoin is also taking off in a big way. Companies are starting to look at blockchains as a way to manage many operations, and are getting huge funding, based largely on the current exuberance of the bitcoin market. Look to IBM's "Blockchain Labs" for a blue chip example. A big drop in bitcoin's price will shake investor faith in these companies and provoke sell offs. Even governments are jumping on board. The state of Delaware recently launched the Delaware Blockchain Initiative to provide services to companies located in state.
Whether any crash of the bitcoin sphere will ripple further than the tech world is unsure. That all depends on how "all in" Wall Street manages to get before something causes it to pop. If total crypto market cap reaches 1 trillion, which at current growth rates would only take a year, you can bet your ass that the pretty highly leveraged and longest running bull market since World War 2, which we are currently in, will take a hit. How bad of a hit depends on how much debt investors are willing to take out to jump on the bitcoin train. However, even if the bubble bursts now there will be knock on effects for those of us working in tech. I expect that my highly investment driven tech business will take a hit.
tl;dr Bitcoin and cryptos are now big enough that the popping of the current bubble will have wider effects on the economy as a whole.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

BITCOIN BREAKS YEARLY HIGHS! (WARNING to ALT COIN HOLDERS ... Madden 20 Coin Method! HOW TO BUY BITCOIN IN COIN.PH USING GCASH - YouTube #5a7-5 Table Ronde du Cercle du Coin : Preuve de travail ... No Stimulus Check You’ll Buy Bitcoin as a ‘Hard Asset’ — VanEck Exec

ABOUT METIS. VIDEOS CLIENT REVIEWS HAPPY CLIENTS ADVISORS ... Bitcoin's value has multiplied nearly 20x this year. At the time of this writing, bitcoin is trading just above $19,000 USD per coin. As the year ends the average house in Silicon Valley is just under $1.2m, or roughly 63 bitcoins. Being Silicon Valley, many of our clients have either heard of bitcoin over a decade ago and/or have ... Prager Metis CPAs, a Top 10 Accounting Firm, now accepts bitcoin and bitcoin cash. by admin June 10, 2020 Cryptocurrency News; Prager Metis CPAs, a US accounting and advisory firm, has announced that it would now accept bitcoin and bitcoin cash as payment through a partnership with BitPay.. In this the firm is following in the footsteps of firms like Armanino and PwC, which was the first ... The coin also features an engraving of Riel's signature. It was designed by Metis artist David Garneau and only 15,000 will be produced. It costs $59.95 and will be available in November. Metis National Council President Clement Chartier said the coin is a fitting tribute to the important leader. He added in the release that Riel's vision and ... Prager Metis CPAs, an Accounting Today Top 100 firm, now accepts Bitcoin and Bitcoin cash as payment through a partnership with BitPay. The firm is following... HOW TO MINE METISCOIN & CATCOINHOW TO CLOUD MINE METISCOINI put this tutorial together to show you how to CPU mine for MetisCoin using a Virtual Private Server service called Digital Ocean using yPool as our mining pool.If you follow this guide, you will have successfully created 5 instances using droplets to mine for you.Lets get Started:1.

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BITCOIN BREAKS YEARLY HIGHS! (WARNING to ALT COIN HOLDERS ...

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