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Bitcoin Will Hit $1 Million In 5-10 Years, Says Paypal Director

Bitcoin Will Hit $1 Million In 5-10 Years, Says Paypal Director

Bitcoin Will Hit $1 Million in 5-10 Years, Says PayPal Director Join our community of 10 000 traders on Hacked.com for just $39 per month. Wences Casares , CEO of bitcoin wallet Xapo and member of PayPals board of directors has made a compelling forecast on bitcoins value over the next decade. The bitcoin entrepreneur and executive was speaking at the Consensus 2017 conference in New York. Taking the stage at a dinner organized by bitcoin and blockchain advocacy group Coin Center, Casares speech was quite the hit. @wences ' speech at the 2017 @coincenter gala dinner will go down in #Bitcoin 's history as a true gem. #blockchain #consensus2017 pic.twitter.com/2zlhX0M0fJ While we did not attend and are unable to find a video of the talk, there are a few notable takeaways from scatterings of his speech reported online. Putting bitcoin under the spotlight, Casares opined that the internet doesnt have a currency and it desperately needs one, pointing to the worlds most popular cryptocurrency. The biggest mistake [would] be to buy more bitcoin than you can afford to lose. The biggest mistake is [also] not to own any bitcoin, he told the gathered audience. Put 1% of your net worth in Bitcoin and forget about it for 10 years Casares added, baiting new investors to adopt the cryptocurrency. His speech also included a prediction for the cryptocurrency, where one bitcoin would hit $1 million before the next ten years. Whoa. PayPal guy & @xapo @wences : only buy the #bitcoin you can afford and predicts it will hit $1 million in 5-10 yrs #consensus2017 Casares has long been a tech entrepreneur. As the founder of Argentinas first internet service provider, he is also among the earliest evangelists of Bitcoin. He went on to launch a retail bank in Brazil before eventually launching b Continue reading >>

Ethereum Forecast To Surpass Bitcoin By 2018

Ethereum Forecast To Surpass Bitcoin By 2018

Ethereum Forecast To Surpass Bitcoin By 2018 Back on February 27, when bitcoin was trading in the mid-teens, we wrote "Step aside bitcoin, there is a new blockchain kid in town." In recent days, the world's second most popular digital currency, Ethereum, has been surging (despite its embarrassing hack last June when some $59 million worth of "ethers" were stolen forcing the blockchain to implement a hard fork to undo the damage), prompting many to wonder if some big announcement was imminent. It appears that yet again someone "leaked" because on Monday, an alliance of some of the world's most advanced financial and tech companies including JPMorgan Chase, Microsoft, Intel and more than two dozen other companies teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum - not bitcoin - in the latest push by large firms to move toward the holy grail of a post-central bank world in which every transaction is duly tracked: a distributed ledger systems. Commenting on the sharp - for the time - rise in ETH price (which had moved from $13 to $15 ), we said "the move may be just the beginning if most corporations adopt Ethereum as the distributed ledger standard: Accenture released a report last month arguing that blockchain technology could save the 10 largest banks $8 billion to $12 billion a year in infrastructure costs or 30 percent of their total costs in that area." Since then most corporations have indeed adopted Ethereum as the distributed ledger standard. Three months later, and with Ethereum 15x higher at $230, Bloomberg today writes : "Step aside, bitcoin. Theres another digital token in town thats winning over the hearts and wallets of cryptocurrency enthusiasts across the globe." It's not just the lede that is f Continue reading >>

From $2000 To $1m: With Ethereum Everything Is Possible

From $2000 To $1m: With Ethereum Everything Is Possible

From $2000 To $1m: With Ethereum Everything Is Possible Jordan Travers $2000 investment in online currency Ethereum nets $1m A MELBOURNE fitness trainer has become an instant millionaire after turning a $2000 investment into more than $1 million. Jordan Travers now has enough to buy a house in Melbourne and hes only 21. He put $2000 into an online currency called Ethereum, which is similar to Bitcoin, three years ago after returning from backpacking through South America. Mr Travers forgot about the money until April this year when he saw a news article on Ethereum. The article said the price was $US50 so I figured my original investment might be worth $20,000 or something, he said. That night he went home and logged into his account: he owned 5190 Ethereum. I plugged the numbers into my phone: 5190 multiplied by $US50 is two hundred and sixty grand! I just sat there looking at the screen, I was literally dumbfounded. And I mean literally. I called my parents. My mum was jumping up and down screaming with excitement! And Dad didnt believe it. Mr Travers dad advised him to sell 75 per cent of his holdings immediately. Over the next four weeks he watched the price of Ethereum jump sixfold. If Mr Travers had held on a month longer, his investment would have been worth $2.5 million. Mr Travers eventually cashed out $719,000 and still has $340,000 of the online currency. But despite his luck, hes not buying a house just yet. Im going to travel. Id like to do some more study. And ultimately Id like to start my own business, he said. And with the rest Ill be taking the Barefoot Investor approach and investing in good-quality, dividend-paying shares. And hes not going to put any more money into Ethereum or Bitcoin because he said he didnt think lightning would strike twice. De Continue reading >>

Bitcoin $1,000,000 By The Bad Crypto Podcast - Bitcoin, Blockchain, Ethereum, Altcoins, Fintech And Cryptocurrency For Newbies On Podchaser

Bitcoin $1,000,000 By The Bad Crypto Podcast - Bitcoin, Blockchain, Ethereum, Altcoins, Fintech And Cryptocurrency For Newbies On Podchaser

Is Blockchain already obsolete? The creators of Hashgraph would have you think so. Bitcoin hits another all-time high. Just how high can it go? Well hear from a number of leading experts that are making some incredible predictions. Gather around the campfire and grab some marshmallows. Its time for episode #45 of The Bad Crypto Podcast. WELCOME TO EPISODE 45! Full Show Notes at: Like & Post on Facebook page - 50,000 - facebook.com/badcrypto Review podcast, screencap and email to [email protected] - 100,000 Join the Bad Crypto Mastermind and ask for 100,000 more - badco.in/mastermind If you'd like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations: $BTC:Bitcoin:3HgKzHs3hB9oxqVLkBqmBXnkvmmVDSXuth $ETHEthereum:0x1cc3335e292fd9a956746f1467046e2198a8c69d $LTCLitecoin:LchSx4xHwXY5JBXVB72bf86VHEBgSmjTbC $DOGEDogecoin:DPTjFZS4z9xPqfnCY8XrPNpMinYFZ9WsxK GET STARTED WITH CRYPTO WITH $10 BITCOIN FREE: We have an affiliate code with Coinbase. If you decide to buy some crypto on Coinbase, you get $10 of free BTC , when you spend at least $100 in crypto. The Bad Crypto Podcast also gets $10 BTC, as well. Coinbase is one of the most popula r and well-known brokers and trading platforms in the world. Their platform makes it easy to securely buy, use, store and trade digital currency.Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone. Do your own due diligence, some people have had some customer support issues. Neither Joel nor Travis can attest to that. If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange. Here is a list of all of the top crypto-currency exchange Continue reading >>

Ethereum Price Can Reach $2,000 If This Happens

Ethereum Price Can Reach $2,000 If This Happens

Ethereum Price Can Reach $2,000 If This Happens When Ether reaches a price of $2,000, we are looking at a market capitalization of around $188 bln. When Ether reaches a price of $2,000 , we are looking at a market capitalization of around $188 bln. Although this is significantly higher than today, an eight-time increase, it is still relatively small if we compare it to the market capitalization of a company like Facebook, $492 bln. Cointelegraph attempts to analyze what events need to occur in order for Ether to break this mark . Currently, the Ethereum network is limited to around 20 transactions per second. This is twice as much as Bitcoin can handle. However, if we are looking at a future where Ethereum is used as a daily form of payment , this isnt enough. The Raiden Network is aiming to solve this problem. Its developers are building an off-chain solution for Ethereum payments which scales linearly with the number of participants. The network could in the future handle over 1,000,000 transactions per second. Additionally, it will allow decreasing transaction cost by seven orders of magnitude, making true micro-transactions on Ethereum a reality. Ether becomes easier to acquire and spend So far there are around 60 active cryptocurrency exchanges. This number is growing every single month as digital assets become more and more attractive. However, the average American is not comfortable with buy and sell limits and trading charts. Therefore, new alternatives need to arise that allow the crowd to acquire Ether. Companies like Dether are working on platforms that allow interested parties to purchase Ether directly with cash. This is definitely a big step in the right direction. At the time Im writing this article, the market capitalization of all cryptocurrencies comb Continue reading >>

Bitcoin Needs To Be Worth $1,000,000 To Be A Legitimate Currency

Bitcoin Needs To Be Worth $1,000,000 To Be A Legitimate Currency

Bitcoin needs to be worth $1,000,000 to be a legitimate currency A single bitcoin is equal to 100,000,000 Satoshi Think bitcoin is in bubble territory? You aint seen nothing yet, says one cryptocurrency expert, who believes its value needs to surge by about 300 times over the next several years to be considered a legitimate currency or risk retreating into obscurity and obsolescence. Bitcoin, the No. 1 cryptocurrency, has drawn outsize attention over its parabolic riseand the recent, brutal plunge it has been enduring in recent trade. Read: Why bitcoin may be worth only a third of its value Some market participants, however, make the case that despite its roughly 260% year-to-date rise BTCUSD, +2.58% it has to clear a far more stratospheric value hurdle to evolve into a practical form of money alongside fiat units like the U.S. dollar DXY, -0.37% Europes euro EURUSD, +0.4226% or British pound GBPUSD, +0.2625% Also read: Bitcoin faithful rage against Jamie Dimon A single bitcoin was worth about $3,900 in recent trade on Monday, off lows of the past few days, according to data site Coindesk.com , amid regulatory headwinds in China and critical comments from Wall Street pros like J.P. Morgan Chase & Co.s CEO Jamie Dimon . Still, a bitcoin would need to be worth a stunning $1,000,000 to be a bona fide monetary unit, says Iqbal Gandham, U.K managing director at eToro, a trading platform. Check out: Bitcoin at crossroads after shedding billion in value In other words, the digital currency would need to see a 300 fold run-up from its current level. To be sure, Gandham isnt making a prediction; though he believes the currency has the ability to scale such lofty levels, Gandham thinks that bitcoin needs to climb to such a level to be truly viable as a monetary unit. To understa Continue reading >>

John Mcafee Ups His 2020 Prediction To $1,000,000/btc

John Mcafee Ups His 2020 Prediction To $1,000,000/btc

John McAfee Ups His 2020 Prediction to $1,000,000/BTC People thought John McAfee was completely insane earlier this year when he made his $500,000 price prediction. The entrepreneur has made no secret of his bullishness for Bitcoin over the years. However, in September , he boldly Tweeted out a price call that seemed straight out of a Lambo-fetishistic Facebook crypto group. Always eccentric, the cyber security expert went a step further than most. Rather than bet a stack of BTC, or even millions of dollars, he declared, without prompt from anyone else, that he would eat his own penis on live TV if the worlds hottest digital currency didnt get at least halfway to six-figures by 2020. Today, McAfee surprised everyone by announcing an even bolder claim than that made previously. He Tweeted that hes voluntarily doubling his price prediction, whilst still being prepared to undergo a shocking act of self-mutilation if hes wrong. When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD John McAfee (@officialmcafee) November 29, 2017 According to McAfee, his previous prediction was based on an end of 2017 price of $5,000. Naturally, now that the price is double that figure, the creator of one of the worlds most well-known anti-virus software programs has decided that the price by 2020 will be far higher than even he originally anticipated. McAfee refutes the naysayers who claim that there is nothing to value about Bitcoin. For the entrepreneur, the proof-of-work algorithm which is used to secure the network provides justification for its growing Continue reading >>

Ethereum Scalability Research And Development Subsidy Programs

Ethereum Scalability Research And Development Subsidy Programs

Ethereum scalability research and development subsidy programs The Ethereum community, key developers and researchers and others have always recognized scalability as perhaps the single most important key technical challenge that needs to be solved in order for blockchain applications to reach mass adoption. Blockchain scalability is difficult primarily because a typical blockchain design requires every node in the network to process every transaction, which limits the transaction processing capacity of the entire system to the capacity of a single node. There are two main paths to improving blockchain scalability. The first ( sharding ) involves creating better-designed base-layer blockchain protocols, which still maintain most of the desired decentralization and security properties of a blockchain that we see in the simple designs available today but only require a small percentage of nodes to see and process every transaction, allowing many more transactions to be processed in parallel at the same time. The second involves creating layer 2 protocols that send most transactions off-chain and only interact with the underlying blockchain in order to enter and exit from the layer-2 system and in the case of attacks on the system. We view the two strategies as complementary with each other and we believe in supporting a multi-pronged strategy toward Ethereum scalability that engages both strategies and treats them as complementary with each other. Technical reading materials on Ethereum scalability technologies A note on data availability and erasure coding: Sharding preliminary spec: Video describing the strategy for incorporating sharding into Ethereum over time: With the Ethereum blockchain reaching 1 million transactions per day, and both Ethereum and other blockchai Continue reading >>

Ethereum Sweepstakes Lottery - Billion Dollar Lottery Jackpot

Ethereum Sweepstakes Lottery - Billion Dollar Lottery Jackpot

Ethereum sweepstakes is based on Ethereum smart contract technology. No fraud or scam with block chain transparency. Based on the smart contract, a maximum of 4 million sweep token entries can be sold and a guaranteed jackpot prize winner will be picked automatically. Ethereum cryptocurrency and Sweep token entries allow global access to the Ethereum Sweepstakes. Truly an international sweepstakes, based on de-centralized cryptocurrency, that anyone and anywhere(*excluding exempt countries) can participate. Ethereum Sweepstakes guarantees a winner and automatically pays out Jackpot winner. 5% of sales proceeds will be donated to The Ethereum Foundation. Ethereum Foundation is a non-profit Swiss foundation registered as Stiftung Ethereum (Foundation Ethereum). The Foundations mission is to promote and support Ethereum platform and base layer research, development and education to bring decentralized protocols and tools to the world that empower developers to produce next generation decentralized applications and together build a more globally accessible, more free and more trustworthy Internet. View Donations Continue reading >>

Jim Cramer Goes Batty:

Jim Cramer Goes Batty: "bitcoin May Hit $1,000,000"; Act Now Before It's Too Late!

Jim Cramer Goes Batty: "Bitcoin May Hit $1,000,000"; Act Now Before It's Too Late! Its hard to know when bubbles will end but when analysis goes ape-sh*t batty, its easy to know the bubble exists. Jim Cramers analysis of Bitcoin provides a perfect example. The price of digital currency stockpiled by companies to pay off potential cyberthreats could reach $1 million one day, CNBCs Jim Cramer said Wednesday. Cramer was responding to a recent comment by Business Insider CEO Henry Blodget, who said bitcoin could go to $1 million. I think it could because the European banks are frantically trying to buy them so they can pay off ransomware. Its a short-term way to be able to deal with cybersecurity. It is the way to pay off the bad guys, Cramer said on Squawk on the Street. When you get hit and youre not sure how to do bitcoin, these cyberattackers have customer service desks, Cramer said. Blodget also mentioned the downside: Bitcoin could go to $1 million (or fall to $0), said Blodget maintains the view that ultimately, Bitcoin has no intrinsic value. The Coin Telegraph reports Bitcoin Price Can Reach $1 Mln: CNBCs Jim Cramer . On the CNBC show Squawk on the Street, Cramer stated that the demand toward Bitcoin is rapidly increasing and because of Bitcoins decentralized nature, its price could potentially enter the $1 mln region, which would bring the market cap of Bitcoin to tens of trillions of dollars. However, Cramers reasoning behind his Bitcoin price prediction was fundamentally flawed as he failed to grasp the core purpose of Bitcoin and why investors are starting to purchase Bitcoin. I think it could because the European banks are frantically trying to buy them so they can pay off ransomware. Its a short-term way to be able to deal with cybersecurity. It is the way t Continue reading >>

Will Ethereum Ever Reach $10,000 In Price?

Will Ethereum Ever Reach $10,000 In Price?

Well, if ETH reaches $10,000, with the roughly 94 million tokens in circulation , then the Ethereum blockchain market cap would be valued at ~$1 Trillion USD. A lot can change in 7 years, especially in blockchain, but that figure doesn't seem too outrageous. No one knows for sure but it is possible. Ethereum is currently the second most valuable cryptocurrency, a position it rightly deserves for being a blockchain development platform that allows: the creation of new tokens and cryptocurrencies through ICOs enables anyone to run any program, regardless of the programming language through the Ethereum Virtual Machine Ethereum is the first of its kind so I expect its value to rise exponentially Continue reading >>

People Have Spent Over $1m Buying Virtual Cats On The Ethereum Blockchain

People Have Spent Over $1m Buying Virtual Cats On The Ethereum Blockchain

People have spent over $1M buying virtual cats on the Ethereum blockchain Launched a few days ago, CryptoKitties is essentially like an digital version of Pokemon cards but based on the Ethereum blockchain.And like most viral sensations that catch on in the tech world, its blowing up fast. Built by Vancouver and San Francisco-based design studio AxiomZen , the game is the latest fad in the world of cryptocurrency and probably soon tech in general. People are spending a crazy amount of real money on the game. So far about $1.3M has been transacted , with multiple kittens selling for ~50 ETH (around $23,000) and the genesis kitten being sold for a record ~246 ETH (around $113,000). This third party site tracks the largest purchases made to date on the game. And like any good viral sensation prices are rising and fluctuating fast. Right now it will cost you about .03 ETH, or $12 to buy the least expensive kitten in the game. So now we have people using Ether, an asset with arguably little tangible utility to purchase an asset with unarguably zero tangible utility. Welcome to the internet in 2017. In all seriousness, its a little bit reminiscent of the beanie baby trend where people were paying insane amounts of money for stuffed animals. But if the popularity continues to increase these people may be able to make a return by reselling or breeding their rare kittens, or theyll be stuck holding the virtual cryptographic keys to a virtual rare kitten when the market crashes in a few day, like eventually happened with beanie babies. There are a few cool things about the game though, and putting aside the valuation absurdity its actually a cool way for beginners to interact with the Ethereum blockchain. First off, its important to understand that since its played on the Ethere Continue reading >>

Thousands Of Ordinary Investors Are Getting Rich Throughicos

Thousands Of Ordinary Investors Are Getting Rich Throughicos

Cryptocurrency Trading Platform with the most complete and professionally handled infrastructure for investors and traders. Thousands of Ordinary Investors are getting Rich throughICOs ICOs Initial Coin Offerings are an alternative form of crowdfunding that has developed outside of the traditional financial system. This model has already helped many successful projects and companies get the necessary backing required to start their business on the blockchain. Better yet, many average investors have experienced returns as high as 100X their initial investment, in very short amounts of time. The ICO market has been red hot in 2017, with many new coins and tokens shooting into the top 100 in market cap. New and innovative cryptocurrencies are being created each day. If they were to rise at the rate of Bitcoin in the last few years, a small investment could lead to a return of substantial wealth. These projects tend to appeal to those investors who are familiar with, or already own cryptocurrencies, and know how cryptocurrencies work. However, we see more and more everyday investors participating in ICOs with short-term goals of making profit rather than participating in the projects development. ICO campaigns usually extend over the period of a month, and any person can purchase newly issued tokens by transferring more established cryptocurrency like Bitcoin (BTC) or Ether (ETH) to the crowdsale address. Many ICOs are still in their earliest stages, but you can look no further than the cryptocurrency that really launched ICOs into popularity, Ethereum, for an example of how much you can make from their gains. During Ethereums ICO, it was roughly 30 cents per ETH using USD. That means if you invested $1,000 just 2 years ago in Ethereum, you would have well over $1,000,000 Continue reading >>

Did Mark Cuban Just Recommend Buying Bitcoin!? $1,000,000 Per Btc In 10 Years?!

Did Mark Cuban Just Recommend Buying Bitcoin!? $1,000,000 Per Btc In 10 Years?!

Long time skeptic Mark Cuban, may have just changed his tune regarding Bitcoin ( and Ethereum ) in an interview on October 19th. An Article on CNBC.com just 12 hours ago quotes the Tech billionare "If you're a true adventurer and you really want to throw the Hail Mary," says Cuban, "you might take 10 percent [of your savings] and put it inbitcoinor ethereum." Hold up Mark, what happened to the bubble? Not so sure now are we? Well, it wasnt a complete shill from Cuban, as he also said that if you invest in Bitcoin "you've got to pretend you've already lost your money. It's a flyer, but I'd limit it to 10 percent.( portfolio value )" Cuban has also recently said that he himself would be investing in another cryptocurrency. Unikoin Gold an e-sports betting platform, which is currently in its ICO phase. All in all it seems that the world is warming up to Bitcoin and Crypto as a whole. With Mark Yusko projecting 1,000,000 per BTC in 10 years time. Scott Disik.. *sigh* had recently tweeted twice showing support for Bitcoin, specifically joining the "NO2X" movement. The second tweet tho... #savage Paris Hilton was caught shilling an ICO not too long ago, and Ghostface Killa from Wu-Tang clanmay come out with his very own coin . Floyd Mayweather and Jamie Foxx have hopped on the bandwagon as well. While these are all probably "sponsored content" it does raise awareness for the crypto scene - but in a good, or bad way? Continue reading >>

This Crypto-art Rose Photo Sold For $1,000,000

This Crypto-art Rose Photo Sold For $1,000,000

This Crypto-Art Rose Photo Sold for $1,000,000 Kevin Abosch , the photographer who purportedly sold a photo of a potato for over $1,000,000 in 2016, has now become the photographer behind the worlds most expensive crypto-artwork by selling a photo of a rose on the blockchain for $1,000,000. CNN reports that the photo, titled Forever Rose , was purchased yesterday on Valentines Day by a group of 10 collectors that included investment funds, an advisory firm, crypto projects, and a leading China-based crypto investor. There were over 150 interested buyers, and the 10 collectors who ended up purchasing the photo split the price (paid in GTO and IAMA tokens) evenly 10 ways. The $1 million is believed to be the highest price ever paid for a cryptocurrency artwork. The Forever Rose is an ERC20 token called ROSE on the Ethereum blockchain that is based on Aboschs photograph of a rose, Crowdfund Insider reports . The buyers each receives 1/10 of the ROSE token. The purchasers can decide to sell their partial rose. Abosch created Forever Rose in collaboration with GIFTO , a decentralized gifting platform that stores its record of collectibles on the Ethereum blockchain. The photographer and platform have donated the proceeds from the sale ($1 million worth of Ether) to CoderDojo Foundation , which provides free programming programs for kids aged 7 to 17 years old. Continue reading >>

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