Why Bitcoin (BTC) Will Still Survive & Thrive: 3 Reasons Not To Give Up

2018-7-5 11:03

Glad to have you here for this brief moment in time upon the dawning blockchain era as we explore the world of Bitcoin and cryptocurrencies. One question we often ask is when will Bitcoin get its '60 Minutes Moment'.

While that might be a literal nod at the CBS TV show 60 Minutes, its more about the message to the mainstream media to us, the public, the people of the financial/trade world to know what we have in bitcoin's day 1 blockchain was designed to create a new

How Bitcoin Still Survives And Thrives

Even with the multiple attacks on the cryptocurrency industry lately, the losses sustained have not taken them down. Though dwindling values and substantial losses challenge how long this industry will thrive, Brian Kelly encourages consumers not to fret, as “this is not the funeral of Bitcoin.”

Here’s a few of the reasons that consumers can take to the bank on why they shouldn’t give in to the naysayers regarding Bitcoin.

First of all, the sudden drop in price isn’t entirely bad. While this drop could signify the loss of interest, it is also an opportunity to purchase more Bitcoin at a discounted rate. As more people contribute, the price will rise again, eventually proving that the drop is temporary.

Expressing this sentiment, Kelly said,

“When we start to declare a funeral, and things get really horrible, the sentiment is approaching the lows. So, hopefully, we’ll use that funeral FUD to say, ‘You know what? That was near the lows.’”

Secondly, Kelly credits the change to recent regulations established in Japan, which has caused several restrictions and some confusion, while consumers wait to see what is next. However, the fact that there are new regulations in place shows that Japan is planning for the future of cryptocurrency as a whole.

Kelly said,

“That’s actually a good thing. In the short run, it’s going to be a little tough because they’re stopping new accounts from coming in, but actually they’re cleaning up the system. They’re making sure it’s more robust. They’re making sure it’s better for people.”

The final point that Kelly makes regarding this point is the recent news about Mt. Gox’s “Bitcoin Whale,” which should give consumers a sense of promise about what’s to come from the Bitcoin exchange.

In Kelly’s quote, he states,

“And then finally there was news today that Mt. Gox is going into rehab, rehabilitation. And they’re going to distribute the rest of the $1 billion worth of bitcoin. But here’s what’s great about that: they’re not going to distribute it until at least Q1 of 2019. Everybody thinks all of a sudden there’s going to be a wave of selling — not happening now.”

With these things in mind, anyone that is looking to pull out of Bitcoin may want to think twice. Now let's transition into bitcoin's offspring and venture into the alt-coins and tokens.

Where Did Traders And Investors Find The Most Profit In 2018

While bitcoin still remains king of the crypto class for the time being, other crypto-assets have began new.

Getting into cryptocurrency with an ICO is one of the easiest ways to break into the industry. However, not every ICO results in the profits that the company expects. Even though most companies provide a whitepaper that dictates their roadmap, one big missing piece is often in the actual profits that the company will reap. This unpredictability won’t be solved until the ICO is complete and the platform works on its own.

Learn about the most lucrative ICO sales of 2018 so far, which have included Seele, Quarkchain, Iotex, Pundi X, and Holo (in that order). The information reviews the best financial return, based on the original price in USD.

Seele

Seele refers to their platform as a fourth-generation blockchain project, meaning they come after Bitcoin, Ethereum, and EOS. Their goal was to create a faster and more efficient transaction for consumers, and they have an algorithm that can easily be scaled up. This project was headed up by CEO Dr. Bi We, though he partnered with the University College London Centre of Blockchain Technology to make it a reality. Even though it made the top of the list, they were still hit by hackers with a $1.8 million loss from the admins.

When Seele had their original ICO sale, the original value was $0.03, and it has risen to $0.21.

Quarkchain

Quarkchain thrives within a blockchain system that uses two layers, speeding up their transactions to up to 100 million connections per second. The platform supports the use of smart contacts, though it is only meant for use with Ethereum Virtual Machine. To make their transactions fast, they split up each data set into different sections on separate blockchains within the company.

Astronaut Capital had a lot to do with their original funding and the confidence that other consumers have in the team. This team is run by Qi Zhou, who previously has worked with Facebook, Dell, and Google.

When Quarkchain had their original ICO sale, they began at $0.02 per token, and they have risen to $0.10.

Iotex

Iotex thrives as a decentralized network for the Internet of Things. The big concern with this platform has been regarding privacy, since everything is interconnected. With these connections, all a hacker would have to do is get into one part of a user’s account to access everything else. However, they are working on correcting this gap in privacy by establishing a strong blockchain, stealth addresses, and a ring signature. Since they receive so much traffic on their ecosystem, they also have delegated proof-of-stakes to keep up.

Their entire team thrives on experts and engineers that work in blockchain and other technologies. For instance, the co-founder, Raullen Chai, head worked with UWaterloo, Uber, and Google in some engineering or crypto capacity. The advisory team includes Fan Zhang, who is part of both Sequoia Capital China and DFJ ePlanet Ventures.

The original ICO sale for Iotex allowed consumers to make their purchase at $0.007 per token. Since then, the total value has risen to $0.026.

Pundi X

Pundi X’s major claim to fame has been the ability to apply crypto to any store purchase, though they are presently restricted to the use of Bitcoin, Ethereum, ERC20 tokens, NEM, and Stellar. Their main goal is to offer the right devices for business to accept these types of payments, which includes contactless payments. Essentially, they want to make crypto payments as commonplace as sliding a VISA credit card.

When Pundi X established their ICO, the price was $0.002 per token. Since then, their price has risen to $0.005.

Holo

Holo provides the structure needed for distributed applications, or DApps. They have a peer-to-peer network, and don’t have to concern themselves with censorship. They basically help consumers to control everything they do on crypto applications through their database, calling these programs Holochian apps, or hApps.

Holo’s ICO price for each token was $0.0002, which has since doubled.

Why Bitcoin (BTC) Will Still Survive & Thrive Summary

Every ICO provides a different range of benefits, which means that the most successful ones aren’t necessarily the ones that promote themselves the most. Instead, consumers have to seek out platforms made with substance and true progress. Most ICOs have a supportive team that comes with highly qualified resumes, which consumers should be able to view on the official website for each of these sales.

Each one of the five platforms above have a way that they don’t just improve their profits for participants, but methods that can easily change the way the market works with the right application. Additionally, the above gave consumers returns of at least thrice the original value.

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Bitcoin (BTC) на Currencies.ru

$ 68381.58 (-0.05%)
Объем 24H $19.099b
Изменеия 24h: 1.05 %, 7d: -1.01 %
Cегодня L: $67589.84 - H: $68725.15
Капитализация $1347.603b Rank 1
Цена в час новости $ 6705.86 (919.73%)

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