ICO Survivability Is Uncorrelated With the Size of Raise

The market is obviously waiting for something new. In the meantime, the world froze in anticipation — so, read our digest and join the hottest discussions

I believe a bear market was needed — we are seeing the more solid teams stick around and focusing on their use case and making their platforms seamless.

  • @nlw: ‘Question for discussion: how much responsibility (if any) does a fiat-onramp exchange have to educate users about the assets they're offering?
    This isn't a troll to get heated reactions re Coinbase-ZRX. It's a convo that came up with @danheld on LRL & interested to open it up.’
  • @_Kevin_Pham: ‘Bitcoin has been more stable than stablecoins the past few weeks.’
  • @danheld: ‘ICO survivability is uncorrelated with the size of raise.
    David Kirsch, a professor at UoM, found that the survival of dot com companies was unrelated how much private equity financing they received. Well-funded companies were just as likely to fail.’
  • @ColeKennelly: ‘$194 million of Bitcoin was moved today for only $0.10.
    Using TransferWise, this transaction would have cost over $350,000.
    Value transfer will never be the same.’
  • @iamjosephyoung: ‘Slowly, over time, all shady businesses and untrustworthy exchanges, platforms, and projects in crypto will be eliminated and replaced by better alternatives.
    Right now, there are still too many opaque and dishonest businesses in this industry, but they're being overtaken fast.’


8,744 USD -2.40%
Volume, 24h
3,497,717,274 USD
153,922,072,217 USD

Related news

Bitcoin Black Friday: Marching to $7,000 at Fast Speed

Bitcoin is crashing in real-time and nothing can stop the market from experiencing new lows. The price has finally reached its pre-Xi comments levels, though the bears are so strong that it has already broken below those levels. Bitcoin Dangerously Close to Breaking Below $7k Bitcoin has recently broken below the $7,500 level for the first time since October 25. On that day, the cryptocurrency started the craziest short-term rally it has ever had, being driven by Chinese President Xi Jingping’s comments endorsing the blockchain technology. However, it seems that investors overreacted and rushed to price in the Chinese optimism, but it was too early to do so. Now they’re paying the price, and it seems that bears don’t want to go away. BTC is now trading at $7.246 at the time of writing, but everything is happening so fast that the chances are you see an even gloomier picture, unless it bounces back to take a rest. That $7,500 level was very important. When Bitcoin was trading at that price, crypto commentator Alex Krüger said via Twitter that the cryptocurrency ha to rally in order to avoid a crash, but it couldn’t bounce back and now we’re witnessing the lowest level since May of this year. $BTC needs to rally or it will crash. How brilliant, right? If it doesn't go up, it will go down! I'm aware non-technical traders are repelled by this way of thinking, so let me break it down. Mind this is NOT financial advice, just sharing my thought process. I'm often wrong. pic.twitter.com/sQPflI5Wsi — Alex Krüger (@krugermacro) November 21, 2019 It’s Not About Mining Capitulation Alex Krüger says it’s not about mining capitulation and he even anticipated a short-term uptrend. He said that Bitmex funding was expected to turn negative tomorrow for the first time since October 24. For him, there was a hope that the price would bounce back to the $8,000 territory. For those unfamiliar, BitMEX funding rate is an indicator used for its perpetual contracts. It implies an interest rate to favor bulls or bears, depending on the market condition. A negative rate means that shorts pay longs, while a positive rate suggests vice versa. The rate changes every 8 hours, meaning that you could get paid every 8 hours if you trade against the trend. While mining capitulation makes sense at a later date, the panic is caused by selling, Kruger says. Again, no miner capitulation. Selling, yes, capitulation, no. If going to panic, find the right reasons to panic about.https://t.co/5i9Io3aFnl — Alex Krüger (@krugermacro) November 21, 2019 All in all, the price has already tumbled to 7,100 while writing this, showing a daily loss of 11%. However, hodlers shouldn’t worry – it just means investors can get Bitcoin at discount prices. Where is the next stop for Bitcoin? Share your thoughts in the comments section! Images via Shutterstock, Twitter: @krugermacro The post Bitcoin Black Friday: Marching to $7,000 at Fast Speed appeared first on Bitcoinist.com.

Bitcoin Drops to $7,000 as China Vows to ‘Dispose of’ Local Exchanges

Bitcoin Drops to $7,000 as China Vows to ‘Dispose of’ Local Exchanges Cryptocurrency exchanges operating illegally in China face a new threat after the central bank announced it would take new steps to uphold its trading ban. In a statement on Nov. 21, the People’s Bank of China (PBoC) warned it was taking action against […] Cet article Bitcoin Drops to $7,000 as China Vows to ‘Dispose of’ Local Exchanges est apparu en premier sur Bitcoin Central.
Bitcoin Central

Canada: Thieves Steal $4K From Bitcoin ATM, Leave $50K Untouched

Canada: Thieves Steal $4K From Bitcoin ATM, Leave $50K Untouched Two thieves at a Canadian grocery store swiped $4,000 from a Bitcoin (BTC) ATM but forgot to check the second canister, leaving $50,000 behind. According to a local media report published on Nov. 20, the robbery took place around 4 a.m. on Nov. 19 at […] Cet article Canada: Thieves Steal $4K From Bitcoin ATM, Leave $50K Untouched est apparu en premier sur Bitcoin Central.
Bitcoin Central

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.