From predicitions to real numbers

While crypto markets fall slightly, crypto investors keep the high BTC predictions coming & other news.

Bitcoin will grow 30 times by 2022 — predicts Tim Draper

The venture capitalist is sure that in four years the cost of bitcoin will reach $ 250,000.

The recent rise of bitcoins price has brought to a numerous predictions from experts and analysts, and some have offered 'enormous' benefits from cryptocurrency in 2018 and further.

The famous venture capitalist and the founder of the Draper Fisher Jurvetson company Tim Draper considers, that in four years the price of Bitcoin will reach a point of 250 000 dollars.

Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!

Tim Draper @Block (Chain) Party at the Drayper University in San Mateo, California, on April 12

Draper is known for the interest in Internet technologies. He has begun to invest in this sphere slightly from the moment of it appearance. Tim invested in Tesla and Skype at stages of formation of projects, supported by financing — CoinLab, VerifyBTC and BitWall. Also he had enough foresight to acquire 30 000 BTC from a sale after closing of Silk Road in 2014. At that time the first cryptocurrency cost were about 600 dollars. At the end of March it became known that Draper has decided to invest in the Chinese blockchain project of VeChain.

Draper already made the similar statement for the bitcoin price In September 2014, in an interview with Fox Business, Draper claimed Bitcoin would hit $10,000 USD in three years. Bitcoin was worth $413 USD at the time of the interview, and at the end of November 2017 it reached 10000$ mark.

Will the next forecast of Draper come true or not — it is difficult to tell, but the success of his investments into perspective projects at the early stages, at least makes us listen to his words and watch after his actions.

The second largest stock exchange in Germany, Börse Stuttgart, presented an application for trading cryptocurrencies

Service Bison plan to launch in September and start with the trade of BTC, ETH, XRP and LTC.

The second largest stock exchange of Germany — Börse Stuttgart, plans to start the application for cryptocurrencies trading, which received name Bison.

App is aiming to maximize a simplification of trading in the world of cryptocurrencies. From additional benefits the application is equipped with the ‘Crypto Radar’ function, which analyzes over 250 000 tweets and gives the most important information on cryptocurrencies and also shows what coins in discussions top. Useful advantage, because one person not able to analyse such number of accounts and news to possess relevant information.

Besides, they claim that the application won't need the existence of a crypto wallet and there won't be no fee for trading, what makes the application even more attractive. Of course it is unclear whether it will be a constant absence of the commission and the team will work at a exclusive enthusiasm, or the commissions after all will appear.

Last week the application was presented for public in Stuttgart. At first it will be available only at Germany, but the first comments about project can be available already very soon.

Crypto-exchange Coinbase bought a startup Cipher Browser

They created a product that competes with the new service of the exchange — the decentralized mobile browser Toshi.

The Coinbase exchange has confirmed purchase of a startup of Cipher Browser which was working on development of the mobile browser and a digital wallet supporting Ethereum. The company plans to transfer many functions of new acquisition to own Toshi project, and the former head of Cipher, Peter Kim, will be a head of a technical department.

Toshi Dapp was announced in April 2017 as an Ethereum wallet, private messaging app, and a browser of Ethereum apps.

It is reported that the test network which will allow to investigate working capacity and functionality of the developed applications without the need of operations with cryptocurrencies, will become one of the first functions which will appear in Toshi after completion of merge.

Japan's largest online auction Yahoo Japan bought 40% stake in Tokyo's Bitrix

Investment into the BitARG cryptoexchange through Yahoo Japan subsidiary grants the companies the right for the minority equity stake. Management of 60% of the cryptoexchange remains at the majority shareholder, the parent company of the cryptoexchange, CMD Laboratories.

The amount of transaction was about 2-3 billion yens or 18-28 million dollars.

In the official press release, the BitARG company has stated that the cryptoexchange will use ‘expert knowledge of processes of service and safety of the Japanese Yahoo group which will allow to simplify preparation for start of exchange services […] and will improve operating activities after start’.

Nikkei Asian Review reported about the possible transaction last month. Also that Yahoo Japan plans to use BitARG technology for start of own cryptocurrency exchange in the 2019th year.

The Co-founder of Yahoo, Jerry Yang, in 2017 claimed that virtual currencies, such as bitcoin, will play a key role in the future of society. He even compared volatility and technology of bitcoin with ‘early days of the Internet’. Now it is clear that there are not only words but also the actions directed to promoting cryptocurrencies, which would attract a bigger number of investors to this market.

Bittwatt: ‘Costs are piling up and losses in the network are being incurred from slow and outdated workflows’

A new Blockchain platform is aiming to stamp out energy waste and misuse by designing a ‘simple, sustainable and scalable system’ which eliminates imbalances between supply and demand.

Valid solutions to today’s problems

Bittwatt project team

Let's get some more detail.

Bittwatt, the aggregator of smart contracts for producers, suppliers and consumers of the electric power, is using blockchain technology. Authors of the platform suggest to replace outdated, according to them, scheme of power market. With the help of ‘power wallet’ users will be able to use possibilities of capacities storage, buying and selling them with use of cryptocurrency. Such technique will lead to reduction of inefficiency of electricity use, creating more eco-friendly and steady perspective for the economic sector. Participants will have an opportunity to choose a source of consumption and at any time to change him on more profitable.

Now about currency and its start. 1 BWT (so is called project token) is equal to the cost of one kilowatt-hour of energy. In total 400 million coins will be produced by that step developers plan to attract 30 million dollars.

Now the 3rd phase of ICO is in run and will last until April 28.

The possibility for exchange BWT to other cryptocurrencies or fiat money is promised in November, 2019, and full integration of service prepares for 2022.

The idea of use of a blockchain for management of distribution of energy sounds is promising. The greatest benefit from participation in system (at her success) will be received, except other, miners of cryptocurrency with their long accounts for electricity.

BTC

8,744 USD
-5.52%

ETH

272.72 USD
-8.76%

LTC

115.12 USD
-7.04%

XRP

0.4543 USD
-4.39%

Related news

Bitcoin Price at $10,000 is in Danger As Bulls Begin to Lose Support

Bitcoin has been struggling to regain the bullish momentum its enjoyed for the bulk of 2019. Ever since December 2018 when Bitcoin price bottomed, it has mostly been on an upward ascent until it met former bear market resistance at $13,800 and it resulted in a nasty rejection and flash crash that put the entire parabolic rally on ice. Today, Bitcoin price dipped below $10,000 after bull lost daily and weekly support at around $10,185 but paused briefly at $9,800 before falling any lower. Will Bitcoin bull reclaim $10,185 and make an attempt higher? Or will $9,800 break and see a restest of lows around $9,200, and possibly even lower in the coming days ahead? Bitcoin Price Struggles to Maintain Support at $10,000, Bulls Losing Strength to Bears Bitcoin bulls have been not only breathing a sigh of relief now that Bitcoin is once again in the five-digit territory – a far cry away from its bear market lows around $3,000, that put real panic in the hearts of crypto traders and investors who feared the worst was ahead. But Bitcoin bounced, and it brought the first-ever crypto-asset well above $10,000 to $13,800 where it was rejected by former bear market resistance and has struggled ever since to make another attempt at breaking above it. Now, Bitcoin is struggling to even maintain $10,000, the important resistance that was supposed to act as a FOMO trigger taking the crypto asset to new highs. It did incite some FOMO, but not enough to get Bitcoin to revisit its previous all-time high of $20,000 it set back in December 2017. Will Bulls or Bears With the Battle for BTC and Its Short Term Trend Future Most are in the long-term extremely bullish on Bitcoin. Many expect the crypto asset to eventually reach prices of $100,000 to as much as a million per BTC. But irrational exuberance also permeates throughout the crypto industry, and crypto enthusiasts often let their imagination and speculation get the best of them. Clearly, Bitcoin is at an impasse in terms of trading, and whichever direction is finally chosen could set the trend for the short- and medium-term. $BTC looks to be creating lower-highs and lower-lows on the daily chart Marked are the open and support areas based on the weekly chart with previous support possibly flipping to resistance If confirmed, watching the next weekly support at $8975 as a potential target pic.twitter.com/yG2WO2yrzX — Josh Rager (@Josh_Rager) July 23, 2019 If Bitcoin were to break below $10,000 with strength, taking out $9900 and $9800, a retest of where it bounced in recent days at $9,200 would be retested, as well as potential weekly support at just under $9,000. If Bitcoin can reclaim weekly support turned resistance at $10,200, it could make a run toward $10,500 or higher, where the weekly candle opened on Sunday night. A break above that could have Bitcoin trying for $11,000 or retrying to incite a bull run above where the major rejection happened. Related Reading | Regulatory Pressure Amidst Libra Crypto Controversy Hasn’t Shaken BTC Bulls  These are critical times for crypto, and while that’s commonly said in the past, the latest regulatory pressure has changed the market dynamics and could create an environment for real fear and panic in the coming days, which would surely have a strong effect on Bitcoin price. Featured image from Shutterstock Bitcoin Price at $10,000 is in Danger As Bulls Begin to Lose Support was last modified: July 23rd, 2019 by Tony SpilotroThe post Bitcoin Price at $10,000 is in Danger As Bulls Begin to Lose Support appeared first on NewsBTC.
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Willy Woo Discusses the Greatest Threat to ‘Bitcoin’s Dream’

Popular crypto-analyst Willy Woo wonders if institutional investment will negatively impact Bitcoin price action.  Willy Woo Wonders… On Tuesday, Adaptive Capital partner and crypto-analyst, Willy Woo, tweeted out a thought that has long been on the minds of many Bitcoin investors. In the semi-stream of consciousness that followed, Woo suggested that the primary reason for the commodity’s sh*tcoin like trading behavior is due to it existing in “a controlled market with a few hands holding a concentrated supply.” While Bitcoin has proven to have an unshakeable network and zombie-like price action that always comes back to please, there is one major vulnerability that could negatively impact Bitcoin price action. According to Woo, this risk to the “Bitcoin dream” is the possibility of coins becoming concentrated into a few hands which will function as “the new bankers”  This is a common theory bandied about throughout crypto-circles and there are a number of people who worry that institutional investment will lead centralization and a dampening of BTC’s price volatility. Many investors are actually drawn to Bitcoin’s volatility and believe that this is part of the ‘magic’ of investing in the digital currency. If it’s price action began to mirror Gold its possible that some investors would lose interest and many would simply hodl Bitcoin as a store of value. Is Bitcoin a Store of Value or a Medium of Exchange? Earlier this year, Diar Research published a report showing that all throughout 2018 institutions were steadily accumulating Bitcoin; especially during November 2018 when the digital asset crashed to a yearly low. Given that Bitcoin’s coin supply is limited to 21 million and that many retail investors hold on to their coins, large-scale accumulation by institutions could present challenges.  Woo ponders “what kind of monetary policy would be sensible to encourage distribution [and concludes] that the 49 year  Jubilee Cycle of debt forgiveness in Babylonian times looks pretty smart.” While cryptic, Woo’s mention of the Jubilee Cycle refers to the conclusion of seven cycles of Sabbatical years and its significant impact on the management and ownership of land in Biblical times. During the Jubilee, slaves and prisoners were supposed to be freed, and all debts were forgiven. Bitcoinist intends to contact Woo for further elaboration on the relevance of this reference.  The Twitter community appeared deeply interested in Woo’s musings and a number of followers engaged with thought-provoking responses. Popular crypto-analyst Dave the Wave suggested that market cycles encourage increased distribution, whereas @less_is_a_lot suggested that solution is a “deflationary currency that can actually work as a medium of exchange.” According to @less_is_a_lot, Bitcoin is nothing more than a complex speculative asset the wealthy use to “suck wealth” away from the dumb and greedy. Some respondents also suggested that it will take a clear fiscal policy where large Bitcoin holders are taxed at a variable rate dependent upon the size of their holdings. @davidegallo suggests that such a tax would “encourage the emission of BTC in the real economy and therefore circulation and distribution.”  Ultimately, Woo presents a fantastic question which will continue to gain relevance as institutional investors deepen their involvement with the crypto-sector.  Do you think institutional investment will dampen Bitcoin’s price action? Share your thoughts in the comments below!  Image via Shutterstock, Twitter@Less_is_a_lot, @Woonomic, @Davethewave The post Willy Woo Discusses the Greatest Threat to ‘Bitcoin’s Dream’ appeared first on Bitcoinist.com.
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