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The Next Bitcoin 2017

These Are The Most Promising Cryptocurrencies Right Now

These Are The Most Promising Cryptocurrencies Right Now

These are the most promising cryptocurrencies right now These cryptocurrencies might be going to the moon. Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. This article was updated Feb. 7, 2018, to reflect new figures in cryptocurrency values. Its the age of the cryptocurrency. Bitcoins value soared during 2017, reaching a high of almost $20,000 before dropping to half that in early 2018. Equally as surprising, several new cryptocurrencies, such as Ethereum and Zcash, jumped into the spotlight that year, bringing the total worth of all cryptocoins to over $370 billion by December 2017. The total market cap of all cryptocurrencies exceeded $830 billion in January 2018 before it slumped back to a low of $300 billion in late February. Needless to say, the long-term outlook on cryptocurrencies has gotten blurrier. After years of Bitcoin's dominance, squabbles among its core developers and lack of progress, together with rising transaction fees made it less attractive as both a payment system and a long-term store investment. Ethereum has been seen as a strong competitor, but it's an entirely different animal, with a focus on applications built on the blockchain rather than simple payments. And a new cryptocoin, promising new and better features, seems to be launching every week. No one can tell you exactly where to invest or what will happen to any of these cryptocurrencies. But this is a perfect time to take a look at the ones that show the most promise. The cryptocurrency that started it all is still the most popular, despite its problems. At around $134 billion, it has the biggest market cap. It's been around for nine years, it's widely used around the w Continue reading >>

Experts: Each Bitcoin Could Be Worth $60,000 By December 2018

Experts: Each Bitcoin Could Be Worth $60,000 By December 2018

Experts: Each Bitcoin Could be Worth $60,000 by December 2018 If its price hikes are any indication, 2017 has arguably been a successful year for Bitcoin. Just how much higher could this cryptocurrency go? Futurism reached out to experts to find out: Is Bitcoin a bubble, or is it here to stay? Theres no doubt about it: Bitcoin has proven itself to be the most resilient cryptocurrency around, overcoming a number of hurdles, including hard forks, in 2017. The currency hit a new record price of $19,796 per coin on December 17, before falling to its current price of $13,164 per coin (at the time of writing). Naturally, the record year has observers rife with speculation about the future of Bitcoin. Experts predict that, a year from now, the price of bitcoin could grow more than triple its record value. Bitcoin can reach $60,000 by [December] 2018, Marvin Dumont, a senior editor for Bitcoin.com , told Futurism. Medicalchain COO Mohammed Tayeb shared a similar prediction. Bitcoin could reach $50,000 by this time next year, if not more, he told Futurism.I think all of us are less and less surprised by the headlines that are coming out nearly monthly about the breakthrough Bitcoin is making and it should come as no surprise when it does reach $50,000. Bitcoins meteoric price hike has already gone beyond what some experts have previously predicted . Just a few months ago, one estimated that it could hit a now-modest-seeming $6,000 before the year ends, while another said Bitcoin would reach $10,000 by April 2018. Jeremy Epstein , the CEO of Blockchain startups marketing firm Never Stop Marketing , believes that the price of Bitcoin could go up to $18,000 before the end of 2017. Like anyone, Ive been mega-surprised by how quickly Bitcoin has hit the mainstream, he told Futurism. Continue reading >>

A $2,000 Bitcoin (and 9 Other 2017 Blockchain Predictions)

A $2,000 Bitcoin (and 9 Other 2017 Blockchain Predictions)

A $2,000 Bitcoin (and 9 Other 2017 Blockchain Predictions) Jan 4, 2017 at 11:33 UTC|UpdatedJan 5, 2017 at 11:06 UTC Ajit Tripathi is a director of FinTech and digital at PwC, a startup mentor at Startupbootcamp and an avid blockchain enthusiast. In this CoinDesk 2016 in Review special feature, Tripathi issues his predictions for the blockchain industry in the year ahead. The opinions expressed in this article are the personal opinions of the author at the time of publication and not of their employer. While these opinions may require significant computing power to change, they are certainly not immutable. 2016 might have been a good year for technology - but it was a difficult year for much else. The UK took a step back on free trade and immigration by voting to leave the EU (causing a fragile EU to teeter toward dissolution); the US elected a president whose transition saw daring squabbles with a country that owns over a trillion in its debt; each of the BRICs shot themselves in the foot (Brazil with corruption, India with demonetization, Russia with Crimea and China with non-performing loans); and the Middle East continued to burn like an oil well on fire. None of these disasters show signs of letting up in 2017. As the major currencies of the world start to tumble in 2017, the flight to quality will lead most investors back into the safety of gold.Some return-hungry ones will seek to exploit market inefficiencies and digital assets like bitcoin will draw a large enough segment of these investors, pushing bitcoin to double its current market cap. When we do the math, $15bn is the kind of money that the Chinese or Saudi sovereign wealth can punt in their sleep... and I am pretty sure some will... If you are an asset manager, yes, I am talking about flight to quality, Continue reading >>

Bitcoins Price Has Soared. What Comes Next?

Bitcoins Price Has Soared. What Comes Next?

Technology |Bitcoins Price Has Soared. What Comes Next? The average cost of a Bitcoin crossed $17,000 on Thursday, though on some individual exchanges where it is traded, the value was even greater. The average cost of a Bitcoin crossed $17,000 on Thursday, though on some individual exchanges where it is traded, the value was even greater. Note: Value as of 8:45 p.m. Eastern time on Dec. 7. | Source: Coindesk | By The New York Times SAN FRANCISCO Bitcoin has been in a bull market like few the world has ever seen. At the beginning of the year, the price of a Bitcoin was below $1,000. It hit $5,000 in October, then doubled by late November. And on Thursday, less than two weeks later, the price of a single Bitcoin rose above $20,000 on some exchanges, according to Coinmarketcap . The latest price spike has been credited to signs that Wall Street companies plan on bringing their financial heft into the market. At the current cost, the value of all Bitcoin in circulation is about $300 billion. To get a sense of how big that is, all the shares of Goldman Sachs are worth about $90 billion. The gains have been driven by several other factors perhaps the most important being the irrational mentality that can take over in speculative bubbles. But most people buying Bitcoin are doing so in the belief that others will want it even more in the future. The gains, though, have many people, even Bitcoin believers, anticipating a big crash. Currently, the average price of one Bitcoin is about $, according to Blockchain.info, a news and data site. Bitcoin used to be all about libertarians and black-market trade. Are those still driving the price? The fringe communities that drove Bitcoin in its early years are playing a much less important role in the current rally. Many investors have Continue reading >>

Bitcoin's Top Rival Ethereum Is Up 90% In 2017 And Readying Its Next Big Move

Bitcoin's Top Rival Ethereum Is Up 90% In 2017 And Readying Its Next Big Move

Bitcoin's top rival Ethereum is up 90% in 2017 and readying its next big move Marco Strengs computer servers are what make Ethereum tick. Thousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world of cryptocurrencies and blockchains. Without these machines, or those deployed by Strengs biggest rivals, there would be no Ethereum. But mining, as the practice is called, is costly and inefficient and, frankly, a bit weird. And Ethereums developers have always envisioned a time in which the cumbersome process of brute-force computing would be replaced by a system that relies simply on collateral. That time, some four years after the network was first proposed, is now. The developers want to put this proof-of-stake model, called Casper, into place by year-end. The stakes are high. If Ethereum is going to take advantage of the potential that companies like JPMorgan , Microsoft and IBM see in its underlying transaction technology , the blockchain, as the potential backbone that could reshape modern business and finance, it needs to gain wide adoption to become something of a de facto standard. Without mining, Ethereum will be more usable, more secure and more scalable too, said Vlad Zamfir, whos been working on Casper since 2014. The main draw of the blockchain is that its a cryptographically secured list of transactions that can be shared, which backers say could dramatically improve how financial services, supply-chain and health-care industries are run. (Think immediate settlement of bank transfers and securities trades, as well as near-real-time tracking of food products or research samples.) Ethereum also allows for the use of smart contracts, or pieces of computer code Continue reading >>

Bitcoin Ethereum: 7 Cryptocurrency Predictions From Experts | Fortune

Bitcoin Ethereum: 7 Cryptocurrency Predictions From Experts | Fortune

Get Data Sheet , Fortunes technology newsletter. 1. Bitcoin and Ethereum are here to stay. Most people who are enthusiastic about cryptocurrency appear to agree that Bitcoin and its newer rival Ethereum have staying power, though they may be more bullish on one versus the other. In terms of 5 to 10 years, Bitcoin and Ether will be around I bet, Balaji Srinivasan told the room of more than 70 people. Peter Smith said his company, Blockchain, which was early to Bitcoin, has only just started to warm up to newcomer Ethereum. In contrast, Mike Cagney, CEO and cofounder of SoFi, a personal finance company, said during a separate session on the main stage that he was hotter on the latter technology . Bitcoin has some purpose but its application for commercial transaction is limited right now, Cagney said. The blockchain and Ethereum, on the other hand, have absolutely fascinating infrastructure applications, he continued, mentioning the possibility to overhaul title insurance, which involves policies related to real estate, as one example. 2. As yet unknown coins will hit the big time. Bitcoin and Ethereum may have stolen the show at this point, but the innovation wont end there. Expect more winners on the horizon. Kathleen Breitman is hopeful that Tezos, her own blockchain bet, will fill a niche that solves problems with extant blockchains. In particular, she and her projects developers are designing Tezos to automatically push software updates out to the network, thus, in theory, avoiding the divisive feuding over upgrades that has wracked systems like Bitcoin over the past few years. No one can say how many tokens and coins and blockchain protocols will eventually win out, but the experts seem to think theres room for a multitude. Its likely that another one or two domina Continue reading >>

Bitcoin Move Over - There's A New Kid On The Blockchain

Bitcoin Move Over - There's A New Kid On The Blockchain

Bitcoin move over - there's a new kid on the blockchain The cryptocurrency market has rallied threefold and is now worth $101 billion - with bitcoin's share being almost half. The digital currency bitcoin has broken new records - surging by more than 245 per cent since the start of the year. Total cryptocurrency market is worth $US75b (or $101b) The top ten currencies (including bitcoin and ethereum) have a 94 per cent market share Government will make changes to GST so bitcoin transactions are not double taxed In just five months, the price of one bitcoin rose from $1,337 (US$997.69) to its all-time-high of $3,704 (US$2,766.56) on May 25. People buy bitcoins for all sorts of reasons. They range from those seeking to invest in safe haven assets in the face of political instability, speculators wanting to ride the wave of what some regard to be an asset bubble, to purchasers who want to purchase illegal goods anonymously on the dark web. Since mid-2010, when the highly-volatile currency was worth just 9 cents, it has surged by more than 4 million per cent. When you add the value of every bitcoin, its current market capitalisation is $49.6 billion - almost half of the value of all cryptocurrencies. Can't tell a bitcoin from a blockchain? Read our explainer to see how the cryptocurrency works. Bitcoin, however, is not the only digital currency which has enjoyed a strong market rally. "We've had the total market capitalisation of all cryptocurrencies rising three-fold this year - from around US$25 billion to now US$75 billion," according to Steve Sammartino, entrepreneur and technology author. In Australian dollar terms, the total market capitalisation is more than $101 billion. "The big two, bitcoin and ethereum, are heading the charge," Mr Sammartino told ABC's The World Continue reading >>

Missed The Bitcoin Boom? Five More Baffling Cryptocurrencies To Blow Your Savings On

Missed The Bitcoin Boom? Five More Baffling Cryptocurrencies To Blow Your Savings On

Missed the bitcoin boom? Five more baffling cryptocurrencies to blow your savings on Regretting not spending a few hundred quid on bitcoin five years ago? Get ahead of the speculators by spending thousands of dollars on a imaginary cat or the Paris Hilton-backed LydianCoin Many investors trade bitcoin for Ethereum.Photograph: NurPhoto via Getty Images Missed the bitcoin boom? Five more baffling cryptocurrencies to blow your savings on Regretting not spending a few hundred quid on bitcoin five years ago? Get ahead of the speculators by spending thousands of dollars on a imaginary cat or the Paris Hilton-backed LydianCoin Last modified on Monday 11 December 2017 17.00EST If you are worried youve missed out on making millions by betting on bitcoin , dont worry: there will be plenty more bizarre, borderline-incomprehensible digital bubbles in the future, and their value is only going to go up (until it all comes crashing down, that is). Here are five assets each competing to be the next bitcoin. If there is a reason beyond market exuberance for the latest boom in bitcoins price $16,900 (12,600) as I write this, though who knows what it will be when you read it then it is Ethereum. It is hard to buy Ethereum directly, so most investors trade currency for bitcoin, then bitcoin for Ethereum, meaning a spike in interest in the latter helped revive the former. Ethereum, which was launched in 2015, allows users to build decentralised applications, spending tokens called ether to buy processing power on computers run by other members of the network. Those applications can offer anything from file storage to financial services or simple games, all in a way that is impossible for any centralised authority to shut them down. One of the oddest Ethereum projects in operation, CryptoKi Continue reading >>

James Altucher's Bitcoin Predictions

James Altucher's Bitcoin Predictions

The bitcoin and cryptocurrency trend is not going to stop: Formula Capital's James Altucher Bitcoin's giant move upward is far from done, according to tech investor and stock picker James Altucher . According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are going to replace paper money as a transactional currency. Each type of currency solved problems of the prior generation of currency, he said in an interview with CNBC. Bitcoin solves the problem of infinite money printing, forgery, double-spending and anonymity, he said. Altucher owns bitcoin, ethereum, litecoin, zcash and filecoin. Pointing to a demand-supply imbalance, Altucher predicts that bitcoin will top $1,000,000 per coin. "There's $200 billion in cryptocurrencies out there and over $200 trillion in demand for money that's the amount of paper currency and gold bullion in the world," he said. Altucher, founder and publisher of Choose Yourself Financial , a subscription-based financial publication cautions that 98 percent of cryptocurrencies are scams. But bitcoin and a few other cryptocurrencies are here to stay, he believes. "This is the greatest tectonic shift in money and wealth that we will see in our lifetimes," he said. Here are his 10 predictions for cryptocurrencies: At least one country's currency is likely to fail soon likely Argentina or Venezuela. This will lead to mass adoption of bitcoin among that populace. That will in turn lead to bitcoin rising by more than $50,000 when it happens. Mainstream banks will accept bitcoin, and will start offering storage and software access. They will also create cryptocurrency derivatives Continue reading >>

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Dec 27, 2017 at 12:45 UTC|UpdatedDec 27, 2017 at 20:58 UTC Jez San is CEO of FunFair Technologies, an ethereum-powered casinoplatform. A vocal supporter and critic of blockchain technologies, San wasalso a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it'shigh fees and slow transaction times is hardly suitable for payments - spending the same fee whether you buy a coffee or send $100,000 is a joke and thepromise of scaling solutions such as the Lightning Network hasn't been fulfilled. Suffice to say, its new positioning as a store of value is precarious, even if,judging by the huge uptick in bitcoin price, the store of value narrative is winning for now. While there's no shortage of old and new believers to keep the party going, along with plenty of developers working to create better, forked versions of bitcoin, I'm betting my chips on a more flexible alternative. The door is wide open for blockchains that use smart contracts , like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce. Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success. Us geeks grew up on DOS, but computers only went mainstream when Windows and Mac OS appeared.DOS is difficult to learn, tricky to program and fe Continue reading >>

Ripple Was The Best-performing Cryptocurrency Of 2017, Beating Bitcoin Quartz

Ripple Was The Best-performing Cryptocurrency Of 2017, Beating Bitcoin Quartz

Bitcoins value grew by more than 1,000% in 2017, but that wasnt enough to even place it among the 10 best-performing cryptoassets of the year. In a breakout year for cryptocurrency trading, the biggest winners were Ripple, which is touted as a new kind of payment system for banks, along with less familiar names like NEM, Ardor, and Dash. Here are the top 10 cryptoassets of 2017plus bitcoin, which came in 14th place: Cryptoassets include standalone cryptocurrencies as well as tokens issued on the ethereum blockchain. Our ranking is based on a comparison of the yearlong gains made by the 10 most valuable cryptoassets as of Jan. 1, 2018, as measured by data provider CoinMarketcap. Ripples big gainsit rose an astonishing 36,000%came largely at the tail end of the year. Heres how its 2017 looked compared to bitcoin: Bitcoin fares slightly better when compared against rival cryptocurrencies, meaning tokens with their own blockchains. This excludes tokens issued through so-called initial coin offerings (ICOs), which were a craze last year. Bitcoin makes it to eighth place in this ranking, although its still trounced by ethereum and litecoin: The ICO craze attracted over $3.7 billion in funds this year, according to data provider Coin Schedule. Many of these projects only launched months ago. Yet big names like Golem and OmiseGo lagged behind lesser known ones like Ardor in the performance charts. Bitcoins performance may seem lackluster compared to its newer, shinier, brethren, but its worth putting its gains in context. After all, the Nasdaq Composite Index gained 27% last year. Its difficult to imagine cryptoassets delivering another year of crazy gains in 2018. Traders who are thinking of cashing out may benefit from this Quartz guide to paying your taxes on those cryptoas Continue reading >>

The Next Few Weeks Will Be Crucial For Bitcoin

The Next Few Weeks Will Be Crucial For Bitcoin

2017 has been huge for Bitcoin. At the start of the year, the currency was trading for about $900 per coin. It bumped along, hitting $1,000 in February, before beginning its huge rally in late November that took it all the way up to $19,000, before crashing back down to $10,000 . Following a rally in the last day or two, its back up to $15,000. The big question now is what happens next. Bitcoin has done a lot of growing up in the last month, as professional investors have started taking a real interest in the currency. The first few months of 2018 are going to determine whether Bitcoin is a real investment, a viable currency, or a total bust. Don't Miss: Grab this deeply discounted surround sound system quick, before Amazon comes to its senses Where Bitcoin prices go in the short term will largely depend on the regulatory environment. On the plus side for Bitcoin, its starting to be traded on traditional markets. Two big exchanges, the CME and CBOE are already offering Bitcoin trading to investors. The system is a little messy what theyre really offering is futures prices, based on the Bitcoin price averaged from a few big exchanges but the result is that investors can trade in Bitcoin on a secured, non-hackable, reputable exchange. But at the same time, the main US regulator, the SEC, warned this month that theres substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation. Investors are also at risk from exchanges collapsing, or being hacked: most hobby speculators store their Bitcoin in a wallet kept with one of the big cryptocurrency exchanges, which makes them accessible to hackers. Bitcoin exchanges have been plundered by hackers in the past, and with the increased value Continue reading >>

10 Predictions For The Next 5 Years Of Crypto

10 Predictions For The Next 5 Years Of Crypto

10 Predictions For The Next 5 Years Of Crypto {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe Bitcoin price prediction is just the start. 2017 has been a breakout year for crypto with Bitcoin surpassing $10,000 and more than $3.8 billion raised this year in ICOs. Weve seen truly mind-bending appreciation (like Ethereums 50X gains YTD) and witnessed the beginnings of countless new projects. In all the funding frenzy, weve also likely sown the seeds of some of the larger calamities that will befall the space. One thing is certain: this technology has been distilled to practice and open sourced to world. Its out of (Pandoras?) box, and theres no putting it back. Pundits are quick to argue, given wild asset appreciation, that we are in something that looks like the internet bubble. Even if this is true, the question is whether this is the year 1994 or the very twilight of 1999.So without further ado, lets make our way to 2022, and see what world we may be inheriting. 1. Bitcoin Price Will Surpass $100,000 per Bitcoin The champagnes were popped, balance screenshots commemorated and last-minute Vegas trips planned while Bitcoin price soared past $10,000 this week. Short of entire system failure, Bitcoin is currently the most battle-tested crypto asset and we are still early in the exponential curve. Many along the sidelines may call tulip bubble, our society has never had an element so global and so artificially scarce before. [Disclosure: this is not investment advice; author invests in and holds crypto assets.] Despi Continue reading >>

I Bought $250 In Bitcoin. Here's What I Learned

I Bought $250 In Bitcoin. Here's What I Learned

I bought $250 in bitcoin. Here's what I learned by Seth Fiegerman @sfiegerman December 8, 2017: 11:24 AM ET Where's the skepticism as bitcoin keeps soaring? Some people kill time at the airport by browsing duty-free shops. I decided to shop for bitcoin. But first, there are two things you should know about me: I tend to be almost as afraid of losing money investing as I am of flying. On some level, I figured one fear might cancel out the other. So last Thursday, while waiting for a flight to Nashville, I pulled up a popular application called Coinbase that can be used to buy and sell bitcoin. The virtual currency had hit $10,000 for the first time a couple days earlier, before retreating somewhat. News of bitcoin's rapid rise was everywhere, including on CNN . For 15 minutes at the airport, I refreshed the price of bitcoin over and over, watching as it gained and lost hundreds of dollars in a matter of minutes. I called out the price fluctuations breathlessly to my wife, who gently encouraged me not to be an idiot, before returning to her magazine. She was in good company. JPMorgan Chase CEO Jamie Dimon recently called bitcoin a "fraud" and suggested people who buy it are "stupid." Warren Buffett called bitcoin a " mirage " in 2014 and warned investors to "stay away." Are you trading Bitcoin? We want to hear from you . And yet bitcoin has climbed more than tenfold since Buffett's warning. Earlier this month, one college friend casually told me over drinks he'd made tens of thousands of dollars investing in another cryptocurrency. He said he hoped it would be worth enough one day to buy a house. When I saw the price of bitcoin fall to $9,500, I pressed buy, defying the wisdom of two finance titans and my wife. One hundred dollars, or 0.0101 bitcoins. (A few days later, Continue reading >>

Bitcoin Price In 2018 Could Hit $60,000 But Another Crash Is Coming

Bitcoin Price In 2018 Could Hit $60,000 But Another Crash Is Coming

Cryptocurrency entrepreneur Julian Hosp says bitcoin's rapid rise isn't over yet. But there's a catch. "I think we're going to see bitcoin hitting the $60,000 mark, but I also think we're going to see bitcoin hitting the $5,000 mark," said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies . "The question is though, 'Which one is it going to hit first?'" he said. Numerous high-profile critics and several national governments have warned of the dangers of investing in cryptocurrencies, which they say are likely to crash because nothing underpins their value. Hosp's forecast would represent a $45,000 rally from the current price of bitcoin or a $10,000 collapse, underscoring the volatility of the world's largest cryptocurrency. After rallying to a record high above $19,800 midway through December, bitcoin prices collapsed last Friday. The digital currency lost a third of its value in a single day, briefly sinking below $11,000 before regaining some of the ground it lost. Bitcoin traded at $15,185 on Tuesday, according to Coinbase . "For experts that have been in the market, this was actually a welcome dip," Hosp told CNBC's "Squawk Box." He said industry insiders had expected the price of bitcoin to fall, given the "dangerous" elevation of value that it has seen over the past few months. "This dip for us was very, very healthy, and some of us have used it to buy a little bit more because suddenly we had 40-45 percent discount to all-time highs," he added. Hosp said he's certain that bitcoin will fall again. "Definitely," he said. "I don't think right now, but I think in the long run, we will always see a little bit of an up move, and then a dip down." Hosp likened the current interest in bitcoin to the dotco Continue reading >>

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