Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

BItcoin and Altcoins in 2015

Currencies / Bitcoin Dec 21, 2014 - 03:45 PM GMT

By: Mark_Blair

Currencies

One: Bitcoin has been stuck for a while in a sort of ‘deflationary spiral.’ This means that commercial adoption by companies like Microsoft and Time has kept Btc’s price DOWN: no one wants to sell at this price coin that they (a) paid more for, and (b) can clearly see will rise greatly in value.

The Mining Thing – whereby miners tend to sell now rather than later (to pay for electricity) – remains an aspect.


Two: ‘diffusion’: there is an amazing and long-awaited change underway. It used to be the case that, as Bitcoin’s price rose, the price of ‘altcoins’ – all other cryptographic currencies – rose even more (and vice versa).

During The Big Spike, in late 2013 (though you won’t find this stat in ANY articles beyond the crypto sphere . . . ) Bitcoin’s market-cap fell to about 75% of total crypto-cap.

Today though – with Bitcoin at a low low price – almost 20% of total crypto-cap is in altcoins.

IndiaMikeZulu expects this shift to be permanent.

Check Ripple (Nos. 2 here: http://coinmarketcap.com), which is now in use with a growing number of fiat-currency banks, rising in price against Bitcoin’s falls, and showing significant trading-volume.

Check Paycoin -- https://hashtalk.org -- a coin that comes with its own ‘credit card,’ and whose acceptance with Amazon, Wal-Mart, Target, and Macy’s was pre-arranged.

And I will provide further detail on ‘appcoins’ like Gems (http://getgems.org) and Nxttycoin. Gems is still in pre-release mode. Nxttycoin seems to be a failure (IndiaMikeZulu held high hopes . . . ) – but the PRINCIPLE, that of connecting the world of smartphone users to the world of cryptographic currencies via a combined-crypto-wallet-and-crypto-‘economy’-and-user-support app for smartphones has IMMENSE potential.

And there’s Unobtanium (my home-coin: https://bitcointalk.org/index.php?topic=527500.4860). The Unobtanium community is bringing to bear a range of related developments that – tiny step by tiny step – are giving this ‘crypto-commodity’ price-independence from Bitcoin/general crypto-price trends.

Three: cryptos and the GFC:

Check this article: http://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis

There is a growing awareness within the crypto-sphere of just how much money could find its way into cryptos as things get ugly, though it’s accurate to note that attitudes vary among crypto-tribes. For example, Dogecoiners are not so ‘political’; but the coiners of, for example, the ‘dark coins’ and Unobtanium are.

Conclusion:
the degree of commercial adoption in 2014 has put paid to Professor Know-Nothing’s offensive pontifications about ‘ponzi schemes’ and ‘no intrinsic value’ and ‘selling crack to children at the schoolyard gate.’

And right this very second is ‘Cheap Acquisition Opportunity Number Two.’ Cryptos – no longer just Bitcoin! – will break free from the deflationary spiral in a day or a week or perhaps a few months – and then they will never again look back.

Mark Blair

Mark Blair has a solid background in devolutionist political theory and activism. He and Ian Ridgwell and others are ‘IndiaMikeZulu.’ Mark is ‘IMZ’ at:
https://bitcointalk.org/index.php?topic=527500.4860

Copyright © 2014 Mark Blair - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in