The Word Thats Worth 100 Billion Dollars. A New Narrative Foreth.
| 3rd Mode Ventures | Better Assets for a Better World | Everything that can be tokenized, will be. Every thing can be tokenized | The word thats worth 100 Billion Dollars. A new narrative forETH. Ethereum is processing more daily transactions than all other blockchains combined. Were not far from 2X Bitcoins transaction volumes. Its likely that Ethereum will be the www of blockchains. Unlike the web, however, you and I can own a piece of this next internet. Pretty cool. As a private investor, with ETHs valuation at only 25% of Bitcoins, Ether is my pick for most undervalued liquid asset going into 2018. In this post, Ill explain why it is that ETH is undervalued and what needs to happen before that changes. ETH vs BTC over 12 months. At todays all-time high, ETH has still lost 62% vs BTC since the ratio peaked in June. Source: Coingecko ETH is misunderstood by crypto-currency traders, speculators and investors (i.e. everyone with BTC.) Why? The team behind Ethereum are brilliant technologists but have a blind-spot in marketing (outside of tech industry evangelism.) ETHs narrative is the problem. It goes back to Ethereums launch to the story that was told to explain Ethereums power over Bitcoin. To differentiate ETH from BTC, on launching Ethereum, Vitalik repeatedly explained; The Ethereum blockchain is not a crypto-currency. While not untrue, in trying to create awareness for the power of smart contracts, Vitalik has down-played cryptos primary use case. Too much. Ethereums low valuation is a result of successfully differentiating smart contracts from cryptocurrency. Wall Street simply took note of Ethereums positioning and assigned their capital accordingly to the blockchain that specialised in being (nothing but) a currency. So what? Currency is a boring/capitalist Continue reading >>
Ethereum Price Achieves All-time High At $752, Up 20% In 24 Hours
Ethereum Price Achieves All-Time High at $752, Up 20% in 24 Hours Join our community of 10 000 traders on Hacked.com for just $39 per month. The Ethereum price has surpassed $752 for the first time in history, recording a staggering 20 percent increase in value over the past 24 hours, led by the US market. Throughout the past few days, the US market accounted for nearly 25 percent of global Ether trades. GDAX, the flagship cryptocurrency exchange of Coinbase, and Bitfinex processed 23 percent of the global Ethereum exchange markets Ether trades. Currently, the daily trading volume of Ether is close to $5 billion, more than four times larger than Bitcoin Cash, the third largest cryptocurrency in the global market behind bitcoin and Ethereum. Earlier this month, billionaire investor Mike Novogratz predicted the price of Ether to increase by three-fold throughout 2018. In terms of developer activity and transaction volume, Ethereum remains as the only public blockchain network which can compete against bitcoin. In fact, as of current, the Ethereum blockchain network processes more transactions than all of the cryptocurrencies in the market including bitcoin combined at 820,000 transactions per day. Decentralized applications such as CryptoKitties and EtherDelta have also demonstrated the potential of Ethereum as the base protocol for decentralized exchanges and digital asset trading platforms, which is an application that is useful beyond finance. As A16Z partner and Earn.com CEO balaji Srinivasan stated, Why is CryptoKitties actually important? Its one of the first examples of what people have been talking about for years: frictionless international trading of digital assets (not just cash!) on a blockchain. Already, CryptoKitties has processed $15 million worth of digit Continue reading >>
How Do People Give Value To Cryptocurrency And How Is The Price Of Cryptocurrency Defined? | Bitconnect
Precious metals gain their value/perceived value due to their utility and limited supply, and price is often tied to supply/demand. Supply/Demand is a simple economic factor that affects the price of many things. In some countries Bitcoin and other cryptocurrencies is classed as an asset, in others as a currency. Bitcoin, for example has a maximum of 21 million whole units, divisible 100 million times. With over 7 billion people on the planet, if even 1 billion were to adopt Bitcoin, 21 million whole units would not spread very far without a significant price tag. The supply is also bought in at a constant rate and is unchangeable due to the coconscious rules. This creates a supply that is limited, and thus people will pay more to get the coins they think have value. Block reward halvings, like the Bitcoin halving of 2016 caused the price to slowly increase as the halving approached, due to the reduced supply of new incoming coins imminent. This can affect the price of many cryptocurrencies, but in the case of Litecoin, did not even make a major dent in the price. The energy put into securing blockchains can be intensive. In the case of proof of work (POW) blockchains which are the most popular form, electricity usage can be intense. In the case of Bitcoin, the blockchain uses as much energy securing it at present as a small country uses. This has a factor on the price, as it takes a certain amount of energy on average to mine one Bitcoin. This goes up with difficulty increases. The more secure the blockchain and the higher the mining difficulty , the higher the perceived value and price and the harder the coins are to get through mining. This can have an impact on price and ties in with the energy usage above, in the case of proof of work blockchains such as Bitcoin a Continue reading >>
Ethereum Price News: Is Ethereum On The Rise? How Much Is Ether Worth Today?
$8k BTC down as institutional trader labels crypto a 'freak show' Holding the second largest market volume in the entire crypto-market, Ethereum is strongly connected to the rise and fall of bitcoin. The market has suffered a tough 2018, with prices steadily falling throughout Q1, losing more than half its market value in the process. A dreary trading period had left Ether and BTC stagnating well below the prices seen towards the end of 2017, prompting growing fears the bubble was about to burst. Analysts thought April would be another stumbling block for digital currencies as American traders prepare to file their taxes. Ethereum price news: Is Ethereum on the rise? How much is Ether worth today? Today, Tuesday 17, is the deadline to file taxes in the US, and millions of Americans are looking to pay off capital gains tax. The date was predicted to be a day where traders shed their digital tokens in a mass sell-off to pay for liabilities, but so far predictions have not rung true. Ether has been sitting below $500 since mid-March and had struggled to beat the barrier during high trading. With Ether holding steady and breaching resistance at $500 just in time for the deadline to close, traders are hoping that prices will steadily increase with an influx of new traders interested in buying. Ethereum has seen great price rises against other cryptocurrencies Back on April 1, Ether founder Vitalik Buterin published a proposal to place a cap on the total limit of Ethereum available. Buterin published the tongue-in-cheek proposal to generate discussion over whether the underlying economics of the currency should be changed. The subject of introducing a cap has always been controversial among traders, but more coins are entering the market everyday, with no cap in sight, threa Continue reading >>
Why Did Ethereum Drop So Hard? Bitcoin Is Correcting, And Cryptocurrency Marketsfollow.
ceo @unikrnco esports | founded voodoo acquired by hp | created microsoft ventures | advisor & investor in razer, vrvana, maingear | @seahawks diehard 12 Why did Ethereum Drop so hard? Bitcoin is Correcting, and Cryptocurrency MarketsFollow. Crypto is not a fad. Crypto is an inevitable extension of fintech, an evolution allowing functionality and security never before possible. This is not an opinion; this is a fact Speculators look at every market, and for better or worse, no market is driven just by its functionality. In crypto, the first speculators saw Bitcoin and opted to buy in believing, correctly, that crypto will create enduring solutions that would fuel long-term growth. The second wave of speculators saw this group buying into cryptocurrency, maybe only somewhat understood the reason, and many bought in assuming their nerdy friends knew what was happening. The price began to rise. The third wave saw the price of these tokens rising from the previous waves of buyers and understood that more people would want crypto as the rate continued to rise. This is when the marketplace saw significant a shift: from the technologys potential to perception of its value. When people ask, What gives Bitcoin (or anything) value? The answer should be What Bitcoin can do, or what it will do, never, Because people believe it is valuable. When enough people believe something has value solely due to communal belief, thats called a bubble. For example, fiat has value not just because its perceived to have value, but because that value is enforced, which creates function (buying). When the price becomes based solely on confidence, thats when the market begins to outpace its functions. This happened as waves of speculators came in with no understanding of the market and dumped money Continue reading >>
Why Bitcoin Is Worth $0, $20,000, $200,000, Or $
Why Bitcoin Is Worth $0, $20,000, $200,000, Or $ Opinions expressed by Forbes Contributors are their own. LONDON, ENGLAND - DECEMBER 07: A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the crypto sector coninues to grow, as it continues to see wider mainstreem adoption. The price of one Bitcoin passed 15,000 USD across many exchanges today taking it higher than previous all time highs. (Photo by Dan Kitwood/Getty Images) The first time I wrote about Bitcoin (BTC)-- the electronic currency used to buy and sell illegal drugs (think Silk Road ) and other productsthrough an anonymous public electronic ledger -- was in June 2011, a few days after its price dropped from $17.50 to "a few pennies" after its Tokyo-based currency exchanger Mt. Gox was hacked. By February 2014, the last time I wrote about BTC, the price had risen to $556 -- valuing the 12.34 million BTC at $6.9 billion. But these days, you have to pay $17,000 or $16,000 per BTC -- making the so-called cryptocurrency worth a mere $268 billion . With the imminent launch of a BTC futures exchange on the CBOE , is there any logic on which to base BTC's value in dollars? As someone who wrote a book, Net Profit ,about investing in Internet stocks before the dot-com bubble burst, I have thought about whether it is possible for anything real to emerge from speculative bubbles. And that experience leads me to two theories that can justify setting a price for BTC anywhere between $0 and Continue reading >>
Forget Ethereum Or Bitcoin, This Crypto Is Where Money Will Be Made
Forget Ethereum Or Bitcoin, This Crypto Is Where Money Will Be Made It is safe to say cryptocurrencies, driven by the underlying blockchain technology adoption, are becoming mainstream. Many people see the return BTC has offered in the last 5 years and are looking for the next big thing. Recently multiple articles on SA voiced an opinion that Ether (Ethereum's underlying crypto "fuel") is the next investment for huge returns. I explain why this is not really the case both due to the situation with Ether as well as the better option out there (Ripple/XRP). It seems as though everyone and their grandma's know about Bitcoin today. With a price around $5600 at the the time of writing, and a price of only $60 as recently as 2012, it is easy to see why people wishing to invest are curious about the technology. I have been an investor in the cryptocurrency space since 2013. I first bought BTC for $60 back in 2012, and sold it after a few weeks for $120, only to watch it escalate to $600 mere days later. Due to my interest in the space and active trading of the crypto, I was fortunate enough to meet someone I was buying BTC with who little to my knowledge was quite prominent in the crypto community, Joe Lubin. Joe Lubin is the Co-Founder of ConsenSys, a decentralized blockchain technology incubator. I was lucky enough to meet with Joe in the spring before the Ethereum presale began, and he was kind enough to tell me about his project. As a result of this encounter, I have been following Ethereum and Ether pretty much since the first public information was available about it (find my initial coverage about it on SA in March 2016 here and here ). I watched the pre-sale for .80 cents a share, and watched it climb to $16 before I bought in, and sold at various point between $50 an Continue reading >>
Litecoin, Ethereum: Bitcoin Price Surge Leads Alternatives To Gain Huge Amounts Of Value
Litecoin, Ethereum: Bitcoin price surge leads alternatives to gain huge amounts of value Litecoin, Ethereum: Bitcoin price surge leads alternatives to gain huge amounts of value Exchanges are finding it difficult to suport The famouslysurging price of bitcoin is pulling up the value of other cryptocurrencies with similarly rapid speed. Bitcoin has risen tremendouslyquickly in recent months, leading to unprecedented interest in the digital currency. Other cryptocurrencies are now seeing the same vast rises, in some cases beating bitcoin. Theinterest in and value of both the ethereum and litecoin cryptocurrencies have surged so much that exchanges are having trouble selling them. Digital currency startup Coinbase, for instance, said that it had been forced to temporarily stop people buying or selling either of the currencies, apparently because of the huge amount of traffic among people wanting to buy them. Designed by Pierpaolo Lazzarini from Italian company Jet Capsule. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph. A humanoid robot gestures during a demo at a stall in the Indian Machine Tools Expo, IMTEX/Tooltech 2017 held in Bangalore A humanoid robot gestures during a demo at a stall in the Indian Machine Tools Expo, IMTEX/Tooltech 2017 held in Bangalore Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, South Korea Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, South Korea The giant human-like robot bears a striking resemblance to the military robots starring in the movie 'Avatar' and is claimed as a world Continue reading >>
How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?
How to beat FOMO: What are Bitcoin & Ethereum worth in2020? 6/13/17 Edit: updated with feedback from a few Redditors Its been a big year for cryptocurrencies, with the total market cap for crypto jumping 6x since January 1st - from $18B to over $111B as of June 13th. The FOMO (fear of missing out) is real. New money is entering the market at a staggering rate - to the degree that many exchanges have had problems on-boarding and verifying their new customers to keep up with demand. These new investors are coming in droves after hearing about sky-high returns from a friend or friends friend or a friend of a friends friend. Once theyve gotten through the verification process on Coinbase or Gemini or Kraken, they execute their first market order and the rush of the cryptocraze washes over them. To the MOON! Then price drops by 10%, our new investor freaks out, convinces themselves that theyre hardly ever right, that ETH or BTC is going to $0 and that they should just cut their losses. They panic sell, adding fuel to the micro-bear run and the price continues to drop. Whew, that was close. Got out just in time. A short time later, they see that the price is not only retracing back toward their entry price, soon theyll realize that it will exceed it. They just bought high and sold low. They leave the market. Recent moments of FOMO in BTC & ETHtrading Weve seen this play out a number of times this year, and as an investor myself, I too get concerned when I see the price of ETH & BTC begin a FOMO trend. Ive seen the value of my portfolio drop by 2050% in hours. However, in order to counteract FOMO and any knee-jerk panic selling reaction I might have, Ive done two things: First, Ive taken my coins off of the exchanges. This prevents me from having my finger on the trigger and Continue reading >>
2 Reasons Why It's So Hard To Value Bitcoin, Ethereum, Ripple, Litecoin, And Other Cryptocurrencies
2 Reasons Why It's So Hard to Value Bitcoin, Ethereum, Ripple, Litecoin, and Other Cryptocurrencies Deciphering a fair value for virtual currencies may prove impossible. Since the trough of the Great Recession in March 2009, the broad-based S&P 500 has returned nearly 300%. This is among the best intermediate-term returns that investors have ever seen, considering that the stock market averages a 7% historic annual return, inclusive of dividend reinvestment and adjusted for inflation. But cryptocurrencies have one-upped the stock market. In fact, you could argue that the smorgasbord of virtual currencies has left the stock market eating their dust. Since the year began, the aggregate market cap of all cryptocurrencies has increased from $17.7 billion to north of $300 billion as of Nov. 29, a return of close to 1,600%.These are lifetime gains that cryptocurrency investors have enjoyed in just 11 months' time (assuming they've held since the year began). Explaining the swift move higher in virtual currencies It's hard to pinpoint a single reason why digital currencies have exploded higher. Rather, it looks to be a combination of factors that's led to their ascent. First and foremost, there's a lot of excitement surrounding the blockchain technology that underlies most digital currencies. Blockchain is the digital and decentralized ledger responsible for recording all transactions without the need for a financial intermediary. These open-source networks are deemed to be especially secure since it would be difficult to alter logged data without someone else noticing. This technology has the potential to be a game-changer for the financial services industry. Folks are also pumped about the use of virtual tokens as a form of peer-to-peer and business-to-business payment. A h Continue reading >>
Cryptocurrency Sell-off Continues As Bitcoin, Ethereum Sink
Bitcoin is down 50% from its all-time high Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day. The world's largest cryptocurrency dived as low as $9,199.59 Wednesday morning, falling almost 19 percent within 24 hours, according to CoinDesk data. CoinDesk tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin then recovered slightly to $10,123 at 11:56 a.m. ET. The last time bitcoin fell below the $10,000 mark was November 30. The red-hot digital asset soared to a record high of $19,783.21 on CoinDesk last month, but has since been on a gradual decline. At its current price, it is now down almost 50 percent from that all-time high. More than $30 billion was shaved off the cryptocurrency's market value in the last 24 hours. "Focus has shifted to negative regulation with headlines out of South Korea, China, and even minor headlines from France and the U.S.," Ari Paul, chief investment officer at cryptocurrency investment firm BlockTower Capital, said in an email. "These headlines are having an outsized effect because cryptocurrency as a whole was overbought and sentiment reached exuberant levels, setting the stage for the violent correction that we're seeing." Ethereum and ripple the second and third-biggest digital assets respectively continued to move lower. According to CoinMarketCap data, ethereum was trading 15 percent lower near $885 a coin, while ripple fell nearly 14 percent to around $1.02. Cryptocurrencies appeared to sell off shortly after South Korea's Finance Minister, Kim Dong-yeon, said the country was still mulling a shutdown of crypto exchanges . Initial reports of South Korea one of the biggest cryptocurrency markets in the world moving to clamp d Continue reading >>
Is Ethereum More Important Than Bitcoin?
By Adam Hayes, CFA | Updated June 13, 2017 1:57 PM EDT Blockchain technology, the distributed ledger system that underpins the digital currency Bitcoin, is getting a lot of attention from Wall Street lately. With uses ranging from cross-border payments to settlements and clearing of over-the-counter derivatives to streamlining backoffice processes, the potential for disruption in the financial industry and elsewhere is growing more real each day. While bitcoinis the most widely used and well known use case of blockchain, Ethereum may be thekiller app that allows for this disruption to finally take place. The tokennative to the Ethereum blockchain , Ether (ETH), has recently risen to over $10 per ETH, and the market capitalization of all ether is nearly $800 million, making it the second most valuable blockchain behind bitcoin (which represents approximately $6.5 billion of value).What is Ethereum and why is it interesting? Ethereum was developed to augment and improve on bitcoin, expanding its capabilities. Importantly, it was developed to feature prominently smart contracts:decentralized, self-executing agreements coded into the blockchain itself. Ethereum was first proposed by Vitalik Buterin in 2013 and went live with its first beta version in 2015. Its blockchain is built with aturing-complete scripting language that can simultaneously run such smart contracts across all nodes and achieve verifiable consensus without the need for a trusted third party such as a court, judge or legal system.According to its website ,Ethereumcan be used to codify, decentralize, secure and trade just about anything. In late 2014, Ethereum raised over $18 million in bitcoinby way of a crowdsaleto fund its development. The Ethereum Virtual Machine (EVM) is capable of running smart contr Continue reading >>
8 Answers - Why Does Ether (ethereum) Have Value? - Quora
What could be a good reason to start investing before 2018? ETFmatic offers free investing accounts until April 2018 if you fund your account before December 31! Originally Answered: What factors will determine the value of ether and ethereum? Like Bitcoin, the fiat value of ETH is determined by those who buy and sell it alone. The currency is used to pay for smart contracts within the Ethereum network, so one might say that Ether tokens are backed by the value that these smart contracts provide. So far (June 2016), nearly all value is speculative as smart contracts have not yet found a killer app. WePower - blockchain based green energy trading network. WePower token is backed by green energy. Token grows with platform expansion. Backed by biggest funds. Originally Answered: How do we value something like Ethereum? How do we value things in general? Intersubjective value theory holds that you probably factor in predictions. Predictions on what your future will look like with or without the trade, predictions what others will think your future will look like with or without the trade, predictions on what the future of others might look like if they made the trade or didnt. Heuristically, you look at what everybody else is giving up (price) compared to your opportunity costs (costs). Value comes from evaluations between things, in addition to evaluation of others between these things, not the thing itself. Continue reading >>
Ethereum, Ripple And Other Cryptocurrency Value Surges As Bitcoin Price Spikes
Ethereum, ripple and other cryptocurrency value surges as bitcoin price spikes Cryptocurrency markets have experienced massive gains, with bitcoin, ethereum, litecoin and litecoin all surging in price. / Reuters The price of bitcoin rose by $1,000 in less than an hour, sparking massive gains across cryptocurrency markets Bitcoins sudden price rise has resulted in gains across cryptocurrency markets, with ethereum, ripple and litecoin all surging in value. Within the space of an hour on Thursday, 12 April, bitcoin rose by more than $1,000 - breaking above $8,000 for the first time since March. The movements of the worlds most valuable cryptocurrency is usually reflected across other virtual currencies, and this unprecedented spike was no exception. Ethereum, which boasts a market cap of around $45 billion, shot up in price by 10 per cent, taking it close to $500. At its peak in January, one ether was worth more than $1,300. Price jumps by $1000 in 10 minutes. And so it begins... $BTC #bitcoin pic.twitter.com/IcE81oEy1I Armin van Bitcoin (@ArminVanBitcoin) 12 April 2018 Similar percentage gains were experienced by ripple, which has the third highest market cap behind bitcoin and ethereum. The altcoin EOS saw the largest gains out of all the top five most-valuable cryptocurrencies, rising by over 30 per cent to take its market cap above $7 billion. The market-wide shift follows several months of steadily sliding prices for bitcoin, which peaked at nearly $20,000 in December 2017. Will bitcoin recover from its worst ever start to a year? Dramatic market movements are not unusual for the notoriously volatile cryptocurrency, which can often be triggered by positive or negative news surrounding regulation and laws. The latest surge does not appear to be related to any signifi Continue reading >>
Eli5 What Gives Ether Value? : Ethereum
EDIT: I'm not asking why the value of Ether has been growing. I am asking why Ether has value at all/why people are even buying it (other than a quick turn around investment). Many of the comments helped me understand, so thank you! I know Ethereum blockchain is designed different than the BTC blockchain, arguably better. I also know about the big news about large companies like Toyota joining the EEA. But how and why does this affect the current value of buying/selling ether? With bitcoin people are actually using it to buy and sell goods (legal and illegal), and all of that big news about Japan, and the BTC ATMs in China and India. Heck, I paid some Etsy dude for some coffee mugs in BTC. But this isn't happening with Ether. Hopefully my question is clear. And I by no means am trying to poop on ethereum. Just trying to learn. Continue reading >>