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The level of traffic on the bitcoin blockchain took a sharp dive during the price crash of 2018, but a gradual and steady recovery has already taken us to new heights.
Learn more in this 2-minute video: https://youtu.be/0N5Crg2_z4U
According to a study by CNBC, which talked about the profitable business that Coca-Cola Company shares acquired ten years ago with respect to their acquisition price and the current profitability that they could report, it was indicated that they showed growth up to three times its nominal value.
In that post, they talk about a $ 1,000 investment in a Coca-Cola share ten years ago, which would bring to $ 15,000 as a final price by February 15, 2019, allowing the money invested to be multiplied by almost three.
Now if instead of acquiring an action of that type, that same amount would have been destined to acquire $ 1,000 in the Bitcoin cryptocurrency, on February 15, 2019 would report the not inconsiderable sum of $ 9.2 million USD at the average price of $ 3,600 per spot.
Bitcoin for the year 2010, had an average price of $ 0.39 per unit.
Although the traditional markets are less volatile than the cryptocurrencies, the historical price of Bitcoin shows us that despite the stake anchored to the cryptocurrency by investors and traditional economists reluctant to the new markets of crypts, they are not so profitable nor Even when the boom of the nineties occurred with the so-called "dot.com" actions or in Spanish, the boom in the actions of the web companies when this disruptive technology was emerging.
Even the actions of major technology companies such as Amazon, Google and Apple, have historically not reported such performance in the same period of time from the time of their appearance until today.
The case more similar to Bitcoin in growth, expansion and contraction, has been Amazon. The company of Jeff Bezos managed to rise up to 1.066% at the close of 1998 before falling back by 82.59%.
Bitcoin experienced something similar in 2017, growing by 1,400% and then falling by 80% at the beginning of 2018. Even so, Bitcoin in terms of profitability and prices maintains better profit margins in relation to Amazon.
And this is just the tip of the iceberg. If that investor had bought his $ 1,000 in Bitcoin at the beginning of 2010, when the first transastions of the cryptocurrency occurred at an average price of $ 0.003 cents each; that same amount would today be the astronomical sum of $ 1,200 million dollars at the current price of February 15, 2019.
The scenario is even more interesting if that same amount had been sold at the beginning of December 2017, when the Bitcoin reached its maximum peak of $ 19,500 per unit. The $ 1,000 investment would report to the new criptomillonario the not inconsiderable sum of $ 6.5 billion.
Despite all the reluctance about the cryptocurrency and its accusations of fraud, hacking, volatility and financial bubbles to which it has been cataloged lately; Bitcoin has shown that it has generated a new finance model that has already touched large corporations, financial groups and traditional investors, by applying uses of its underlying technology to generate new financial solutions and 'modern' ways of generating wealth.
What emerged as a crypto-synchronism, has become an appealing asset for great institutional whales, who wait for the opportune moment to enter the game in an 'open' manner, which would imply historical maximums of their prices and therefore, for those investors of Bitcoin's early age and / or the current winter crypto; generate very decent returns in the next ten years.
All this indicates that in spite of its volatility and all the bad publicity surrounding Bitcoin, investing in crypts responsibly is much more profitable than an action of any company that is listed on the big stock exchanges of the world. After all, actions also go up and down and are manipulated as traditional economists say, to Bitcoin.
If you're involved in a lot of small transactions, calculating the tax cost basis can be a real pain. Use the quick trick in the 2-minute video below to let the blockchain do the work for you!
The national contactless smart card that is used to pay for public transportation throughout Argentina can now be loaded with BTC. These cards are valid for rides on buses, trains, subways, and motorboats in 37 cities, including the capital city of Buenos Aires, according to the Argentine government’s website.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive RegulationsTop Up Sube Cards With BTC
Users of rechargeable contactless smart card Sube (Sistema Único de Boleto Electrónico) can start funding it with BTC for use in 37 cities in Argentina starting on Thursday, according to local news outlet cripto247.
These cards are promoted by the Argentine Secretary of Transportation and used to pay for public transportation services throughout Argentina. They are valid on “buses, trains, subways and motorboats,” the government website details. “To travel by bus or subte (underground metro) in Buenos Aires, you’ll need to get a rechargeable Sube travel card,” the Buenos Aires tourism website notes.
BTC top up of these cards is possible due to the integration of online card funding platform Alto Viaje and fintech startup Bitex. Alto Viaje is listed on the official government’s Sube website as one of the vendors that cardholders can use to fund their accounts. Alto Viaje explains on its website:
Sube is the only card that allows you to pay for public transport throughout Argentina.Alto Viaje and Bitex
Alto Viaje now offers two funding methods for Sube cards: Paypal and BTC. Soon, the platform will also add funding through Rapipago, according to its website. “Alto Viaje decided to use Bitex’s infrastructure for the technology and liquidity it has, a necessary condition to face a project of this magnitude.”
Bitex CMO Manuel Beaudroit was quoted by the news outlet as saying, “We believe that this type of project is of great importance since it brings technology as disruptive as bitcoin to the common people, demonstrating the true value and the applications it has in everyday life.” He added that the minimum funding amount in BTC is 50 Argentine pesos (~$1.32), the publication conveyed.
Citing that his company wants to “offer safe and innovative services,” Luciano Verardo, Director of Alto Viaje, said that “the alliance with Bitex allows us to integrate the payment with bitcoins and new possibilities of financial inclusion for people and companies.”
In addition to the metropolitan area of the capital city of Buenos Aires, Sube cards can be used in the cities of Bahía Blanca, Catamarca, Cipolletti, Comodoro Rivadavia, Corrientes, Formosa, General Pico, General Pueyrredón, Gualeguaychú, Jujuy, Necochea, Neuquén, Olavarría, Palpalá, Paraná, Partido de la Costa, Pergamino, Pinamar, Rafaela, Rawson, Resistencia, Río Gallegos, Río Grande, Roque Sáenz Peña, San Carlos de Bariloche, San Juan, San Luis, San Martín de los Andes, San Nicolás de los Arroyos, Santa Fe de la Vera Cruz, Santa Rosa, Trelew, Ushuaia, Venado Tuerto, Viedma and Villa Allende.
Do you think many people will load their Sube cards with BTC? Let us know in the comments section below.
A coin needs to be decentralized if you want it to be able to resist attempts to regulate, control, cheat or stop it. Not every Crypto claims to be (or even claims it wants to be) decentralized. I see 2 main areas that need to be decentralized. Below I show some example coins and my current opinion about their level of success at creating decentralization of Mining (or other Security) and Governan...
- Gold was used as Cash and as a Store of value.
- Paper Money is Cash and no store of value
- BTC is a Store of value and no Cash
- BCH is a Store of value and Cash
There where 2 problems with Gold: Its very heavy and difficult to split in smaller amounts.
With BCH all this problems are gone and its already scaleable not sometime in the future.
Just check it Yourelf: https://en.wikipedia...
Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency. Deposited coins are converted to USD. Withdrawals are converted to BTC and transferred to the crypto wallets linked to client accounts.
Bitstamp announced on Friday that it has “partner...
The analysts of JP Morgan return once again with their hackneyed rhetoric to hunt fools in the crypto space with technical reports that do not apply to the reality of the cryptocurrency market and this affirmation is based on similar situations by the American giant. documented his failures in this space have been.
In this opportunity the 'analysts' of JP Morgan has declared that the value of th...
Friends very good morning hopefully you are doing well and it's a very beautiful morning as the good news of Bitcoin and cryptocurrencies revolution is zooming again.
Friends let's guess will Bitcoin cross the first hurdle of $10000 in next few months as I have a clear cut idea that yes it seems to me that BTC will cross this level and hold above than this.
The key reason behind the recent ...
On Jan. 7, the technician and researcher Joannes Vermorel announced the release of a new project called Cash-DB, a forked repository for the BCH network which consists of Vermorel’s original Terab Project work. According to the engineer, Cash-DB is a high-performance backend storage protocol for the Bitcoin Cash network’s UTXO set.
Bitcoin Cash (BCH) proponents were surpri...
In November of 2018, the price of BTC broke downward out of a six-year pattern of exponential pricing. It is now trading at a steep discount (roughly -30%), compared to the lowest levels established in similar cycle periods (those with somewhat rational prices and multiple working exchanges).
As an emerging protocol, bitcoin promised exponential growth in: adoption, network capacity, price and ...
As per the latest report, there are around 1,600 cryptocurrencies that have managed to get listed on exchanges and 100s more waiting to be listed. Out of those listed, there are 600 so-called shit-coins ( no actual purpose, Zero development nor partnerships, All of them are an outright scam ), 900 average coins ( Projects with somewhat of a goal, avg team maybe smaller alliances) 100 good coins ( ...
Just a week to go, how much do you think the closing price of BTC will be? Do you think it will boom to 6000 levels or do a drop back to 3200 levels
Do post your predictions
I found this gem on Reddit… here's the direct link to the source:
I found a wonderful blockchain project. Let's do promotional activities for this project to make money.https://bounty.quarkchain.io/register.html?referral=he7an9
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Tezos has been listed on Huobi Global, Don’t you think the decentralized social marketplace SOMA(SCT) should be next!
On 12th Dec, world’s third largest Exchange Huobi listed Tezos (XTZ) which is ranked as a top 25position on CoinMarketCap’s list. Huobi decision of listing had a substantial impact on the market performance which triggered a spike of almost than 13%.
Regarding the listing, H...
I'm creating crypto character rigs for an up coming animation series.
First up is BTC. See snapshot of the basic model. More to come.
I finally managed to sleep last night. I haven't had more than 3 hours sleep per day ever since the "hashwar". The last time I had a stretch of sleepness nights was when I first found bitcoin 6 years ago, and that was a heavenly 3 months. This one month had been hell.
But I think I've figured it out. I can't piece it together right now but obviously my subconscious has got the full picture or it...