Oldwolf's Profile

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  • Asked on July 27, 2018 in Altcoin.

    Encrypted currencies, especially the fluctuations in bitcoin prices, have become the headlines of the present, so we have already had a lot of discussion about whether cryptocurrencies should be invested in 2018.

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    1. Encrypted currency regulations are improving

    It can be said that the greatest benefit of the unprecedented fluctuations in the history of cryptocurrencies is the introduction of better cryptocurrency regulation, and these regulations are now beginning to take shape. In the Bitcoin Gold Price Prediction 2018, we can know that the cryptocurrency regulation has an important role to play with it. Due to the development of these rules, the uncertainty of the cryptocurrency price will be greatly reduced. This is important for driving cryptocurrency transactions and for rising cryptocurrency prices. Appropriate regulation will help solve another obstacle that hinders the development of cryptocurrencies, which is cryptographic fraud. Therefore, these regulations will help to dispel the concerns of new visitors and lay a solid foundation for future investment growth.

    2. Simple investment in cryptocurrency

    Judging from my own experience of investing in the currency circle, investing in the currency circle a few years ago may be a relatively high threshold. I was fortunate to have the help of an experienced friend who made my first xenon token exchange rate investment. However, the times have changed, and there is now too much information for investors to quickly enter the currency circle investment, without too many previous entry barriers. There are too many media and institutions doing this one.

    3. Many investment projects

    Bitcoin has been a leader in the dominance of the cryptocurrency market, and it is currently the most recognized cryptocurrency, but this does not mean that this is currently the most worthwhile or unique encryption investment opportunity. From the analysis of the citicoins website, we can say that the opportunity to get a lot of money from Bitcoin has basically passed, and those who invested in unknown coins many years ago have already achieved very good returns. Therefore, investors seeking these big returns must now invest in other new projects. Both Ethereum and Litecoin have outstanding performance in 2017, which has expanded their user base.

    4. The future of cryptocurrencies is bright

    As with any investment, you need to always focus on long-term investments. If you are obsessed with short-term micro-analysis, every change in price will make you worry that you made the wrong investment decision. This can cause you to panic sell at a price lower than the purchase price, but in fact, it is a more sensible decision to continue until the price is higher before the price is restored. The encryption market is unstable and price volatility will continue to occur. You should always pay attention to medium and long-term investments.

    So, I chose to invest in cryptocurrency.

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  • Asked on July 25, 2018 in Altcoin.

    We have always believed that blockchain technology and cryptocurrencies will dominate and change the future world we know. In 2019, we tried to look at which projects might become the top ten cryptocurrencies in the market.

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    One of the most interesting issues in the field of cryptocurrencies is that some cryptocurrencies will be maintained for a long period of time and will meet the actual needs beyond cryptocurrency transactions in the future. For example, the holo coin exchange rate, in addition, we assume that cryptocurrency can only succeed if it has practical applications or can solve business and study practical problems in other fields.

    When we assume that it is already an existing project and has reached a certain level of development, at least one Mainnet can be offered, or Mainnet Lauch will be launched in the next few months. The analysis is still based on recent experience that it takes a long time to develop an effective cryptocurrency. However, the list presented here does not constitute investment advice, but only forms the basis of the discussion. We know that not everyone will agree with me.

    From my analysis of cryptocurrency, some controversial views are self-evident in this respect. But the technology is still not very mature. Let’s take a look at the cryptocurrency that is most likely to rank in the top ten in the next 2019.

    1. Ethereum

    Ethereum is our first choice. We believe that Ethereum will be the world’s leading platform for developing distributed enterprise applications on the blockchain.

    2.IOTA

    In the future, when the refrigerator is empty, the refrigerator will automatically order food, and the car will automatically book and pay for the parking lot. IOTA will be the backbone of Internet transactions and enable machine-to-machine payments.

    3. Ripple

    Ripple is a controversial project in the cryptocurrency community because it is close to banking systems and network decentralization issues, and Ripple’s CEO said that by 2019, the number of banks using Ripple technology will increase dramatically.

    4.EOS

    Comparing EOS and Ethereum, it is obvious that the two platforms pursue similar goals. Like Ethereum, EOS is also designed to create blockchain-based platforms for developing commercial decentralized applications.

    5. Bitcoin

    We believe that bitcoin will lose market dominance until 2019 and may also be his first status and function as a reserve currency. From the perspective of bitcoin gold price in dollars, the advantage of Bitcoin in terms of total market capitalization has risen from 95% to 85%, and temporarily fell to 32% in January 2018.

    6.Cardano

    Cardano is a very ambitious project, not driven by hype and expectations, but more through amazing growth.

    7.NEO

    In addition to technical reasons, the relationship between NEO and Onchain and the Chinese government plays an important role especially in the layout of NEO.

    8.Vechain

    Vechain manufacturers, suppliers and customers are able to capture, manage and share all information about products throughout the lifecycle of supply chain management.

    9.OmiseGO

    Based on Ethereum, OmiseGO hopes to create a decentralized payment network or decentralized exchange, all cryptocurrencies can be traded and exchanged.

    10.Monero

    From our perspective, Monero is in the top 10 in 2019, as Monero will always behave as a specific anonymous transaction, and this demand will increase in the near future.

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  • Asked on July 24, 2018 in BTC.

    If you are a cryptocurrency investor, then I am sure you will be concerned about the latest developments in cryptocurrencies, including the latest prices for cryptocurrencies, historical price comparisons, and their trading volume.

    Regarding the latest channel of this cryptocurrency, I recommend citicoins, because there are very detailed cryptocurrency information, so you can keep them informed. When you are a veteran investor, you can even predict their future prices from this information, which is an important step in your investment. Of course, this will make you very profitable.

    Since the beginning of the BTC price at the beginning of the year, most of the cryptocurrency prices have fallen, and the price of bitcoin has fallen back to $10,000 after reaching $13,000. However, most of the cryptocurrencies that fell yesterday have risen. Currently, BTC has climbed to the price range of $7,000, and the bull market is trying to support this price.

    Many cryptocurrency investors want to know when this year’s price decline will continue, because all of the 2018 cryptocurrency assets are bearish market sentiment. However, in 2017, the cryptocurrency suddenly grew rapidly and has been in a bull market. Apart from Bitcoin, we can see from the tron price chart history that most of the top cryptocurrencies are the opposite of the previous ones. How can the price of many cryptocurrencies grow?

    The price forecast for cryptocurrencies has been affected by the current political environment and regulatory pressure. Currently, forecasts for cryptocurrency price movements have been affected. South Korea has caused a lot of panic and uncertainty, which has had a huge impact on the market. In addition, during the US government’s suppression of cryptocurrencies, some traditional stocks and securities were shaken, and the price of cryptocurrency assets rose rapidly. Along with the monero xmr price history , the price has risen considerably.

    The recent government regulation has caused many cryptocurrency enthusiasts to become worried, which has obviously defeated the enthusiasm of this year’s market. However, just as the price rebounded at half-day on Tuesday, it seems to indicate that the next thing will improve.

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  • Asked on July 20, 2018 in BTC.

    The cryptocurrency will disappear? Will it continue? Someone made a bold prediction: the largest currency is the most valuable, and then it will eliminate other small cryptocurrencies.

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    When we see that a form of money is used in a crowd, it is a system. The choice of certain actors may be more weighty. The choice of the US government, including the claim that the US dollar is the legal currency, the use of the US dollar for various financial revenues and expenditures, and the issuance of new US dollars at a certain rate, certainly has a significant influence on the perceived value of the bitcoin price.

    The balance of the value of the dollar will affect everyone’s decisions, the government can really influence, but everyone else has influence. One option is to think of something as money. Another option is to determine the purchasing power of each unit. We can imagine that the evolutionary changes occur in two directions. For example, something is a currency one day, but not a currency every other day. At the end of the American Civil War, the South Army’s currency was changed from currency to pure paper. On the other hand, the purchasing power of money will gradually change slowly, just like the already known inflation. When everyone else raised the price by 3%, then I also increased the price by 3%, which is very reasonable.

    When people expect changes in the value of money, the currency itself will change. In looking for signs of currency change, we should look at the early history and new signals that may change expectations of the meaning and use of money. We can imagine two possible scenarios: one is gradual and the other is sudden.

    There are so many gradual changes, and sudden changes are possible. Our current wealth is based on two monetary systems, the virtual economy has an internal currency, and then one currency can trade in one direction with the dollar. This is a very troublesome thing, and it may not be sustainable, but as long as legal and policy issues, such as what the virtual economy is, and how the virtual economy should be treated, these problems still exist, and it may maintain the current state of affairs.

    When the government is determined, virtual currency may change rapidly. When the legal and policy status of virtual currency is finally established, a sudden change may occur in many government non-government economies.

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  • Asked on July 19, 2018 in BTC.

    Matuszewski said: Bitcoin cash liquidity and fast trading, we are shocked. Bitcoin cash has emerged out of thin air, but it has become one of our biggest trading products.

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    When trade bitcoin cash for btc, the amount of Bitcoin Cash (BCH) that came out of the bitcoin blockchain earlier today was staggering. It is reported that the topic of this group discussion, how to make the cryptocurrency industry mainstream, it focuses on the challenges and thinking of industry companies. This includes assessing the legal status of a particular token.

     

    For research purposes, Chaunalysis classifies the total supply of Bitcoin and Bitcoin cash as “monetary aggregate” or a measure of an economy’s money supply based on liquidity, including four categories, including speculative currency, services. Transaction currency, investment currency as well as currency and unexploited currency.

     

    Researchers further studied bitcoin cash by using their money supply in the above-mentioned currency amounts, and found that only 1.5 million BCH coins were used for speculative trading, with the remaining long-term investments. Coinalysis concluded that although the bitcoin between trading and investment is almost one to one, bitcoin cash is 1:10. Put another way, 90% of all Bitcoin cash is rarely used for trading.

     

    As the former chief developer of Bitcoin, Gavin has now turned to support Bitcoin cash. In his recent tweet, Gavin commented that Bitcoin cash was the successor to his early bitcoin project. Gavin’s tweet also points to core, which emphasizes that high transaction fees are threatening Core’s frictionless decentralized mission. For many people, Bitcoin will become a speculative asset if it does not reduce access barriers for transactions. Before the tweet was released, many companies announced that they would support Bitcoin Cash (BCH) instead of Bitcoin (BTC) to reduce consumer spending.

     

    Recently, bitcoin cash prices have soared, hitting a record high of $2,150. The price of bitcoin has fallen sharply, and prices between the two are constantly changing.

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  • Asked on July 18, 2018 in Altcoin.

    Ripple(XRP), an Internet finance protocol launched by RippleLabs in 2013. This financial agreement is mainly used to achieve rapid and low-cost conversion between global currencies. Ripple is the liquidity of the Ripple system, mainly used as an intermediate in currency exchange.

    From the Ripple price chart history, the current market value of Ripco is the third-ranked cryptocurrency. The market price on January 2, 2017 is US$0.00679, and in December 2017 it is US$2.33, which is more than 300 times a year. It can be said that it is a good eye. As of May 11, 2018, the market value of Ripco was ranked third, with approximately US$29.8 billion, and the current total circulation was approximately 39.1 billion.

    The current mainstream of the three major cryptocurrencies, bitcoin is increasingly toward value storage tools, Ethereum specializes in smart contracts, and Ripple is responsible for providing vertical solutions to payment problems. Ripple has a bright and original origin. It has no mystery. There is no risk of sucking money like Bitcoin. There is no relationship with criminal groups or terrorist organizations. There is no cross-border, off-site and cross-border payment. The transaction can be in a few seconds. Completed within, the transaction cost is almost zero, it is the world’s first open payment network.

    Thus, in a sense, the price of Ripple has unlimited potential. Earlier, Ripple News Tech reported. the company’s executives and board members had previously reported $2 billion in investment in Ripple on the Ripple price chart history. Google and other well-known companies invest: Google invests $1 billion, Ford invests $200 million, and IBM provides hardware support. Google’s investment vision is still very unique. In addition, Ripple is one of the few cryptocurrencies that are actually used. Ripple’s settlement technology has been tested by many banks in the world, and more than has been put into use, which is too expensive compared to many cryptocurrencies with only white papers It is.

    Yesterday, Ripple was not alone in the tide of cryptocurrency slump, with a drop of about 15%. The current price is $0.67. If you want to hold it for a long time, it is actually a practical application worthy of starting. Analyze its strengths and potentials with a considerable attitude, but this is not an investment recommendation.

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  • Asked on July 17, 2018 in Altcoin.

    From the Ethereum to usd price history, the first three months of 2018 are also a nightmare —— ETH prices have fallen by 47.5%. What caused this to cause it to plummet? Below, we will get more real-time investment information, Ethereum market trend analysis.

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    From the analysis of the cryptocurrency website citicoins, if the historical data of the decline is taken, the Ethereum in the fourth quarter of 2016 also suffered a huge decline, with a drop of 39.7%. However, the price at that time fell from $13.2 to $7.97, as the overall price was not at a high level because it did not cause too much turmoil in the market.

     

    Although the price of the Ethereum has reached a record high, it is a hidden crisis. At the beginning of the new year, the price of the Ethereum does not seem to be as lucky as its partner Bitcoin. On January 13, the price of Ethereum reached $1,432, a record high. However, due to the panic in the cryptocurrency market as a whole, the price of the Ethereum fell to the $1,000 mark in the second half of January. On January 31, the price of Ethereum closed at $1,118, an increase of 47%.

     

    As an investment product, the rise in the price of Ethereum is certainly gratifying, but at the same time, the cost of performing operations at Ethereum has increased. The “gasoline” used for network operation determines the amount of the fee. According to the current fluctuation of gasoline price, the impact is not large. It is not the best to adjust the gasoline limit. Projects currently working on related issues have not yet been completed, so the impact of rising Ethereum prices on smart contracts is uncertain.

     

    In addition to developing software for Ethereum, the ability to release new cryptocurrencies and blockchains requires a tremendous amount of ongoing work to integrate the resources needed to get them up and running. In order to launch a huge network of developers, absenteeism, investors and other stakeholders, Ethereum announced its base currency unit. The legal and financial complexity brought about by the management of pre-sale funds also makes the establishment of relevant legal entities inevitable. In June 2014, the Ethereum Foundation was established in Zug, Switzerland.

     

    In early July 2014, Ethereum began a 42-day ETC open sale for its initial distribution; from the 1 ethereum to usd chart on the Internet, valued at $18,439,086, was converted into 60,102,216 Ethereum. The sales fund was used to repay the legal liabilities, to compensate the developers for the work they had done in the past few months, and to support the assets developed by Ethereum in the future.

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  • Asked on July 16, 2018 in Altcoin.

    Ethereum is an open source smart contract function announcement blockchain platform. A peer-to-peer contract is handled by its decentralized virtual machine with its dedicated cryptocurrency Ethereum.

    ethereum.gif

    Many people know that CEX.IO is a platform for buying and selling Bitcoin and various legal currencies. Just recently, CEX.IO announced that the platform began to support the exchange of ethereum to usd exchange transactions. Currently, platform users can use Bitcoin and US dollars to trade Ethereum.

     

    For Ethereum, there is an exciting opportunity. CEX.IC has become another cryptocurrency platform that supports Ethereum transactions. Bitfinex added Ethereum a few weeks ago, and the Korean and Japanese exchanges began to support Ethereum. In the current cryptocurrency market, for the trend and demand of more traders, Ethereum’s addition of Bitcoin trading and Ethereum to US dollar trading is a wise decision for CEX.IO.

    eth.png

    The biggest interest in the Ethereum ecosystem comes from the developers who explore blockchain technology and smart contracts. The Ethereum ecosystem is suitable for the development community. CEX.IO believes that adding Ethereum trading is a good decision to enable everyone to purchase Ethereum through their convenient payment methods.

     

    In the GDAX cryptocurrency exchange, the price of Ethereum fell from $319 to 10 cents in a matter of seconds, causing this crash to occur because of a multi-million dollar short-selling deal. It then rebounded from a low of 10 cents and recovered to $325 on the GDAX exchange. According to the industry price tracking website coticoins data, taking into account the price of several other exchanges, Ethereum’s average transaction price is above 338 US dollars.

     

    In terms of the number of users of the current Ethereum exchanges, this has exceeded one million. These exchanges have already transformed from the original cloud mining business model, as it is more powerful for these companies as an exchange. There are still many exchanges that can ethereum to usd conversion, but their services are already open to 95% of the world.

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  • Asked on July 14, 2018 in Altcoin.

    Ethereum, a public blockchain platform for open source smart contract functionality. Decentralized by its dedicated cryptocurrency Ethereum, the virtual machine handles its peer-to-peer contracts.

     

    From the 1 ethereum to usd chart, the ETH price has fallen sharply in the past week and has climbed to $640 against the US dollar. The ETH/USD 4 hour chart has a key bearish realization, forming a resistance at $720. This pair is slowly recovering, and there are many obstacles to the current attack near 710-720 USD. The main support for the US dollar and bitcoin was tested at the Ethanol price. The ETH/USD is currently closing higher and faces a resistance of 100 SMA near the resistance of $710.

     

    The price of ETH has fallen from the high of $825 in the US dollar. Prices fell sharply and fell below the support of $760 and $700. It is even below the $650 level, forming a low of $638. Later, it began to consolidate the positive signal above $650. Previously broke the 23.6% Fibonacci retracement level, the last time fell below the low of 768 US dollars to 638 US dollars.

     

    On the upside, there is a major resistance level near the $704, 100-hour moving average. Moreover, the last time it fell from $768 to $638, the 50% retracement level was around $703. On the ETH/USD 4-hour chart, there is also a key bearish trend line forming resistance at $720. The exchange rate may continue to rise in the short term, but may face sellers near $704 and $710. In order to get more benefits, you need to break through the resistance trend line of $ 704.

     

    Finally, from the 1 ethereum to usd chart analysis, the above chart shows that the price is consolidating the increase above $640. As long as the price is above 640-650 US dollars, ETH may break through the resistance of 720 US dollars in the next few days to get more benefits.

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  • Asked on July 13, 2018 in Altcoin.

    Litecoin (LTC), a network currency based on peer-to-peer technology, is also an open source project under the MIT/X11 license. It can help users pay in time to anyone in the world. Until now, what is the litecoin value today?

    In recent days, bitcoin prices have skyrocketed, and its gains are staggering. In fact, the price of another cryptocurrency has also skyrocketed, and its increase is even more exaggerated than bitcoin. The price of Litecoin today rose to $365, a four-fold increase from a week ago.

    The latest price of Litecoin today, the price of Litecoin rose by an astonishing 91% from the previous trading day, and it was reported at $365 on Tuesday afternoon, almost four times that of a week ago. In addition, although bitcoin prices are currently not far from the historical high of $17,300, their gains this week are only average. The litecoin value today rose to $365. In the past seven days, Bitcoin has risen 40%, and it has risen more than 200%. A trading platform shows that at the beginning of this year, its trading price was less than $6, and this Tuesday it exceeded $380. It is also based on blockchain technology, but generates Litecoin that trades far faster than Bitcoin.

    Litecoin currently has a market capitalization of approximately $17.5 billion and is the cryptocurrency of Bitcoin, Ethereum and Bitcoin cash, only 6% of the market value of Bitcoin.

    Let’s take a look at the reasons for the rise of Litecoin:

    First: the recent three lows of the Litecoin retreat are gradually rising, the lows and highs are rising, the strength of many parties is strong, and the obvious bullish uptrend trend. After breaking the high pressure level near 380, the probability is to open a wave. Rise.

    Second: From the perspective of time period, since July 5th, Litecoin has fallen, and the time before the rise has been adjusted for more than one and a half months. In addition, Litecoin opened the lightning network in August. Lightning Network is a decentralized system. Its excellence is that real-time, massive trading network can be realized without trusting the other party and third parties, which greatly increases the transaction speed and user experience of Litecoin, so its price is also affected.

    Third: The recent cryptocurrency asset market is relatively strong, mainly in bitcoin, while Bitcoin has similar properties. Litecoin has a relatively low price, long running time and high user size and popularity around the world. In addition, the recent bitcoin trend has stagflation. Therefore, the funds in the market need to find a breakthrough in catharsis. The Litecoin currency has not experienced a sharp rise in the recent consolidation, but it should start a wave of upswing.

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  • Asked on July 12, 2018 in BTC.

    Definitely. As the proof of the blockchain’s equity, cryptocurrency, with the advancement of blockchain technology, its prospects are optimistic from the bitcoin spot price history.

    historical data.png

    Let’s take a look at the reasons for the cryptocurrency gain.

    1. Being able to withdraw cash in China

    Due to the low price of hardware and electricity, China has become the main place to tap cryptocurrency. Bitcoin exchanges such as BTTC operate a huge mine, accounting for more than 60% of the bitcoin network computing power. In 2017, the Chinese government began to suppress domestic cryptocurrency exchanges, causing a moratorium on the withdrawal, which caused the bitcoin market to be hit hard – China is one of the largest bitcoin markets by volume. But recently, the government regulatory framework has changed, allowing for cash withdrawals, and special access to large bitcoin exchanges such as Okcoin, Huobi and BTCC. This news has boosted consumer confidence in cryptocurrencies and pushed up the price of cryptocurrencies.

    2. The institution accepts cryptocurrency

    In Japan, large and large institutions began accepting cryptocurrency as a means of payment. On the market side, Japan’s largest bitcoin exchange, BitFlyer, is supported by three major Japanese banks, Mitsubishi UFJ Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation. The acceptance of cryptocurrencies by governments is driving the growth of cryptocurrencies. The sale of cryptocurrencies will be exempt from excise taxes, further driving the growth of bitcoin as an investment vehicle, from the citicoins.com bitcoin spot price history analysis: These reasons have further contributed to the growth of cryptocurrency.

    3. The downturn of legal tender

    With global access to the Internet and the recent collapse of a large legal currency economy, interest in finding a better economic system has reached a record high. Some countries have been discussing blockchains that mimic cryptocurrencies and creating their own cryptocurrencies, China. This has also been discussed with Citibank and Deloitte. A country in Tunisia and North Africa has begun to establish its own national economic blockchain. Japan has accepted cryptocurrency as a national currency.

    4. The value of cryptocurrency is rising

    As the volume of cryptocurrency is increasing every day worldwide, the total amount of cryptocurrency is limited, and the value of cryptocurrency will continue to climb in the foreseeable future. The dollar and many other legal tenders are depreciating every year due to inflation, which means that cryptocurrency is deflationary in design even if the money supply increases.

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  • Asked on July 11, 2018 in Altcoin.

    In the history of the development of cryptocurrencies, they have experienced countless ups and downs, experienced thrilling times, experienced ups and downs, experienced the eruption of tokens on various platforms overnight, Altcoins is hotter than waves, and various cryptocurrencies emerge one after another. Let’s take a look at the reasons that affect the price fluctuations of Altcoins.

    1.Heat

    The popularity of the Altcoins project can be said to be one of the most important factors affecting the price of cryptocurrencies, because it directly determines how many people are willing to pay for the digital currency. The more people buy, the higher the price of Altcoins, then, we How do you see the heat of a project?

    First look at how many people in the currency circle openly support the project, and then see how many top investment institutions have invested in the project, such as Zhenge Fund, Danhua Capital, and coin capital. The number and activity of the community can be viewed on the project’s telegraph group, Twitter, blog and other social platforms. Second, look at its liquidity, mainly depending on the number of exchanges on this digital currency, can also observe from the BTC Trading Platform US, especially the mainstream exchanges of Altcoins. The more exchanges you have on the line, the better its liquidity and the easier it is to buy and sell.

    2. Regulations

    Like any new investment, Altcoins is limiting the development and use of cryptocurrencies. It differs from the national jurisdiction in the identification of digital currency positioning, through strict controls to develop new policies and decisions. China has cracked down on cryptocurrencies many times, and most markets have collapsed after the announcement. For example, in February of this year, China blocked all websites related to currency transactions, according to the BTC Trading Platform US: Bitcoin to fall immediately by 15%, while Ethereum fell by 20%. The country’s initial coin issuance ban ICO has a similar negative impact on its value.

    Of course, cryptocurrency is not the only investment that is easily regulated. Stocks in companies often fall due to political decisions that affect their business or regulatory activities.

    3. Hacker

    From bitcoin to today’s new currency, hacking is still a problem for cryptocurrency investors. Every major event that invaded the system’s cryptocurrency exchange or wallet caused a price collapse. Recently, the attack on cryptocurrency Binance caused a 10.8% crash in a matter of minutes. Due to the hacker’s invasion, this also seriously affected the price fluctuations of Altcoins.

    As a veteran cryptocurrency analyst, I think that when investing in cryptocurrency, we must figure out the influencing factors of the price of cryptocurrency and the judgment of its market trend. Only by knowing what is going on, can we be bold when investing Make your own correct judgment.

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  • Asked on July 10, 2018 in BTC.

    What is Bitcoin?

    The concept of Bitcoin (BTC) was originally proposed by Nakamoto in 2009, and the open source software and P2P network were designed according to the ideas of Nakamoto. Bitcoin A digital currency in the form of P2P, peer-to-peer transmission means a decentralized payment system.

    Unlike most currencies, Bitcoin does not rely on a specific currency institution for distribution. It is a specific algorithm generated by a large number of calculations. Bitcoin economy applies to a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors. And use cryptographic design to ensure the security of all aspects of currency utilization.

    Cryptographic based design allows Bitcoin to be transferred or paid only by the actual owner. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other cryptocurrencies is that their total quantity is very limited and extremely scarce. Its total amount is permanently limited to 21 million. In the live Market of Bitcoin, its share is biggest.

    How does Bitcoin work?

    First, you download a Bitcoin client and install it on your computer to generate an electronic account – the wallet. Then you download a “mining” software, enter your account name into the software and use your computer to run the software.

    If your computer is running at 1000 times a minute, and there are 10 computers in the world running this software for a total of 20,000 calculations, then your contribution to the operation is 1/20. If the amount of bitcoin is released in this minute is 20, then your account will receive a bitcoin. Therefore, the issuance of bitcoin is achieved by people using a computer to run a software (calculating a set of programs) – “mining”, whoever operates a lot, and who is assigned more bitcoin.

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  • Asked on July 7, 2018 in Altcoin.

    From the very beginning of the idea, to the bitcoin that is now accepted at home and abroad, it has risen more than a thousand times since the beginning. The rise of Bitcoin has also led to the development of many Altcoins, among which Altcoins is the most typical some examples.

                                                                                        

    EOS (2017)

    EOS is an operating system-based blockchain architecture platform led by Daniel Larimer, led by blockchain genius BM (Daniel Larimer) to extend the performance of distributed applications. EOS provides account, authentication, database, asynchronous communication, and program scheduling on hundreds of CPUs or clusters. The final form of the technology is a blockchain architecture that can support millions of transactions per second, while the average user does not have to pay for usage.

    NEO (2016)

    NEO, formerly known as Little Ant, was officially established in 2014 and was open sourced in Github in June 2015. Since its inception, the NEO team has experienced the ups and downs of the blockchain industry, the enthusiasm and cooling of the digital currency market, and the ambiguity and clarity of national regulatory and government attitudes. However, NEO has not stopped, but instead took this opportunity to succeed to a new height.

    Ripple (2013)

    Ripple is the base currency of the Ripple network, which can be circulated throughout the ripple network for a total of 100 billion. Like many bitcoins, Ripple (XRP) is a digital currency based on math and cryptography, but unlike Bitcoin, which has no real use, XRP has the main bridge currency and guaranteed security features in the Ripple system, which guarantees security. The functionality is indispensable, which requires that the gateway participating in this protocol must hold a small amount of XRP.

    In addition, Ripple currency is the only common currency in the ripple system, which is different from other currencies in the laptop system. Other currencies such as CNY and USD cannot be cashed out across the gateway, and Ripple has no such restrictions. It is in the ripple system. It is universal.

    Nxt (2013)

    The Future Coin, considered to be the second generation of cryptocurrency, is based on a new code that improves many of Bitcoin’s features, such as replacing the Workload Proof (POW) with a new 100% Equity Proof (POS) design, avoiding a generation of passwords. Many defects in the currency, such as consuming resources and being vulnerable to attacks. Issued in the community public subscription. 1 minute confirmation, 1 billion total.

    Finally, I hope that when you invest, you can combine your accumulated investment experience to make the final and most reasonable decision. Looking forward to the next bull market. Every investor can get the expected benefits.

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  • Asked on July 6, 2018 in BTC.

    BKCM founder and CEO Brian Kelly said: Since December last year, Bitcoin has been falling, from the highest point of $19,500 to $6,400, and Ethereum may be a better investment.

    The cryptocurrency industry is still a relatively new industry. Although many people are staring at Bitcoin, investors can consider other Altcoins. You now own Bitcoin, but that doesn’t mean that you have so much value in many years, and Bitcoin is not necessarily the leader in cryptocurrency. In fact, Ethereum is likely to become a very important project. Kelly said: It is more valuable to invest in Ethereum and the trading situation is better than Bitcoin. In this regard, I will support Ethereum.

    In fact, is Ethereum really better than Bitcoin? Let us look at the difference between them.

    1. safety

    Technically speaking, Bitcoin and Ethereum are based on decentralized blockchain technology, but there are still many differences in the deep technical field. Among them, for the specific performance of decentralization, Bitcoin is mainly divided into three parts: complete node decentralization, computational decentralization and development decentralization. In contrast, the development process of Ethereum is centralized, although it can greatly improve efficiency, but it also makes it impossible to guarantee the security of its rules and is vulnerable to attack. Bitcoin is more stable, which also lays an important foundation for its steady development and determines the security of investment.

    2. Potential comparison

    Bitcoin has long been regarded as a regular currency alternative to gold, often used as a medium for payment transactions and as a means of value storage. The purpose of Ethereum was to create an application development platform based on smart contracts and decentralization technology, enabling developers to build and run distributed applications. Today, Ethereum has become the world’s largest distributed application software development platform, designing a wide range of potential application areas, attracting giants from multiple industries to participate in cooperation, such as Microsoft, Samsung, IBM and other technology companies have adopted Ethereum technology Conduct research and development of blockchain projects.

    3. Difficulty in mining

    Bitcoin and Ethereum are both produced through mining procedures. By competing for a question, whoever calculates the answer first gets the currency of the system reward. The difference between the two is that the calculation problem is different. Bitcoin is a question in ten minutes, while Ethereum is a question in 12 seconds.

    From their comparison, we can observe that in terms of security, it is clear that Bitcoin is stronger than Ethereum, but in terms of potential and difficulty in mining, Ethereum has an advantage. So, if you choose one of them to invest, I will choose Ethereum.

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  • Asked on July 6, 2018 in BTC.

    What is Bitcoin?

                                                                                         

    This is a digital currency in the form of P2P, a point-to-point decentralized payment system. It was proposed by Nakamoto in 2009. The total amount of Bitcoin is permanently limited to 21 million. Unlike other currencies, Bitcoin does not rely on a specific currency institution. It is generated by a large number of calculations according to a specific algorithm, and uses cryptographic design to ensure all aspects of currency circulation. Security. Bitcoin can also be used to redeem and convert to the currency of most countries. Users can use Bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can use Bitcoin to buy items in your life.

    Let’s take a look at the historical price changes of Bitcoin.

    When Bitcoin began to appear in 2009, the initial price of Bitcoin was about $0.001, and there was not much change in the next five years. During the five years, the price fluctuation of Bitcoin was small and the growth rate was slow. Since 2013, Bitcoin has grown rapidly. Bitcoin has attracted a lot of attention because of the Cyprus banking crisis. In November 2013, the Chinese began to purchase bitcoin in large quantities, and the price rose by 1000%. However, it did not last too long. In February 2014, Bitcoin fell by 40% when Bitcoin was hit by a DDoS attack on GOX on the switch Mt server. Since May 2016, Bitcoin has won the trust of more and more people, and its price continues to rise. In June 2017, the market fell sharply and prices fell by 14%. Bitcoin is recovering its market until now.

    So what is the reason for the impact on bitcoin price volatility?

    1. The degree of concern

    Currently, approximately 1.6 billion people own Bitcoin and more than 140,000 have Bitcoin wallets. And this number is growing rapidly, and because the number of Bitcoins is fixed, its price will continue to rise.

    2. Technical issues

    The underlying technology of Bitcoin is the blockchain, and because it is open source code, everyone can check it. And fix some errors and weaknesses in the code, precisely because its technology is not perfect, some hackers seized the technical loopholes and stole bitcoin, which led to the decline of bitcoin prices.

    3. Global political and economic trends

    In the era of globalization, a country can decide to influence the whole world. For example, some countries such as Japan and South Korea accept cryptocurrencies, and bitcoin can consume, which greatly increases the price of bitcoin. In some countries like China that strictly regulates bitcoin, this has caused the price of bitcoin to fall, so the national policy has a great influence on the price of bitcoin.

    4. High volatility

    Volatility is the uncertainty or risk in the value of a security. Higher volatility means that the value of securities may spread over a greater range of values, that is, the stable price of bitcoin may change in any direction in a short period of time. For example, the fluctuation of Bitcoin is now about 10%, but it is also falling.

    In addition to the above four reasons, there are many factors that affect the price of Bitcoin, but what I have listed is crucial.

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  • Asked on July 5, 2018 in BTC.

    First of all, I think the most important thing is to choose a good cryptocurrency exchange.

    The media CNBC published an article saying that in the bitcoin frenzy at the end of December last year, Coinbase, one of the main exchanges, suspended trading when the price plummeted. As digital currencies become more popular, more and more unstoppable, and new systems and exchanges are formed, many of Coinbase’s competitors have experienced growth pains. These new exchanges have not stood the test of time, and hackers have invaded some exchanges. In January of this year, hackers stole $550 million from their users. After that, a Japanese cryptocurrency exchange system called Coincheck accepted government censorship. If the review is true, it is expected to be the largest cryptocurrence theft ever, far exceeding the $450 million bitcoin case that the Japanese exchange Mt. Gox stole in 2014.

    In addition to these general necessities, there are some key factors regarding ease of use and safety.

    reliability. Can the platform still function when the volume of transactions is very high or the price of money is falling? Experts say users should search the Internet and websites to record the frequency of system crashes and transaction disruptions. “Considering the poor regulatory environment, I think Twitter and Reddit are the only options for evaluating the reputation of an exchange,” said Storj Labs co-founder John Quinn. His main conclusion is that you should never expect a transaction to be safe. He recommends storing cash and cryptocurrencies in separate accounts from the trading venue.

    Regulatory behavior. In web search, you should soon find news reports about cryptocurrency regulation issues. These sites are sometimes regulated, the most notable of which are regulators in China and South Korea. China plans to limit the electricity used by some bitcoin miners, which is a potential challenge for the industry. South Korea is considering restricting cryptocurrency transactions, trading only on qualified exchanges, and imposing capital gains tax on encrypted transactions.

    Margin. A stronger trader can buy cryptocurrency in a margin like buying a Eos stock, so if you are planning to become a player, you have to pay attention to this.

    Security measures. Users lose money on some platforms. Therefore, when searching for news reports and company announcements, it would be a dangerous sign to discover hacking history, unless the company can prove that it has strengthened its defense capabilities, experts say. To be sure, hackers have been detecting all trading platforms.

    The cryptocurrency market is maturing, but you still have to be careful, nothing can be guaranteed to be safe enough.

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  • Asked on July 5, 2018 in BTC.

    In the past, many people were asking, is the era of cryptocurrencies really coming? Will humans no longer use the US dollar and the renminbi in the future and switch to cryptocurrency? So many varieties, which currency should I use? Do you want to invest now. 

    Until now, most people still don’t know what the cryptocurrency is. So let’s take a look at the use of cryptocurrency.

    1. around the world

    For friends who like to travel, this is a welfare. Due to the explosive growth of the cryptocurrency ecosystem over the past nine years, it is now possible to travel the world by consuming cryptocurrencies.

    Established travel agencies such as CheapAir and Destinia accept Bitcoin as a method of booking flights, car rentals and hotel payments. For those who prefer to stay in the apartment while traveling, they can use BTC or ETH on CryptoCribs to book accommodation.

    The development of the Bitcoin ATM market also means that travelers can now convert their cryptocurrencies into local currencies in most major cities around the world.

    2. Buy a Lamborghini

    You can use your encrypted currency to buy lamborghini. By using bitcoin, De Louvois, the bitcoin luxury market, has enabled “wealthy cryptocurrency traders” to buy the lamborghini, the Cryptocurrency community favorite status symbol.

    3. Low-cost remittance

    The most famous benefit of cryptocurrencies is the ability to send and receive payments at high cost at high cost. For example, the most recent $99 million Litecoin (LTC) transaction took only two and a half minutes and the transaction fee was only $0.40. If the transfer is collected through a financial intermediary, the cost will be much higher, and if this is a cross-border transaction, the transfer will take a few days or longer.

    The low cost of trading in digital currencies such as Litecoin (LTC), Stellar (XLM) or Bitcoin Cash (BCH) makes it an excellent payment system for international remittances.

    4. Conduct anonymous transactions

    Privacy-centric digital currencies such as Monero (XMR), Zcash (ZEC) and PIVX (PIVX) enable users to conduct anonymous financial transactions.

    This means that individuals can make money transfers without having to explain to the bank why they are sending large sums of money, what is the source of the funds, and who they send them to, rather than transferring their user data to a third party such as Facebook. Its users provide financial support. Therefore, Steemit is especially popular in emerging markets with a large number of users.

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