Price Analysis, August 7: Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic

Price Analysis, August 7: Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic

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USDT\BTC Bitcoin price is forming the third wave of $1,838 mid-term uptrend. Currently, it is being decided whether we’ll see a big price hike or downwards correction to $2,800 The third wave can become the turning point. If there are new capital flows, BTC will move up. The key level responsible for the whole future of the uptrend is at $3,150. Providing no reversal down takes place during the pullback to the level, high chances the rise will remain. Otherwise, the price will have a reversal to the correction. USDT\ETH Ethereum price has similar structure forming. The demand levels show significantly lower numbers, compared to the first wave. This may trigger a pullback. The $246 point is breaking for the whole trend. If the price corrects to this channel without a reversal downwards, it will mean, there are still big purchases in place. In this case, ETH will go up. A reversal down at the $246 point will indicate major buyer closing positions. That way the price might have a pullback. USDT\XRP Ripple is in the midst of its $0.1542 uptrend correction. It is being traded at the most likely pullback bottom. Correction zone to the $0.1542 upward trend will …

AdShares – P2P market for programmatic ADS

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Adshares ICO model Adshares Token sale uses a novel approach with dynamic token price and elastic supply. We designed that scheme to alleviate common problems with existing ICOs. Main issues that we have targeted are incentives for developers and FOMO. To achieve our goals we use dynamic token pricing, continuous token buyback and withdrawals spread over time. Token prices depends on the amount of tokens in circulation Token prices depend on a number of tokens in circulation. We do not limit the number of tokens that can be issued, but the price of sold tokens depends on circulating supply. We sell tokens for a flat price until we reach a minimum financing. From then on, each next token costs more, so there is a natural cap on issuance. ICO contract will automatically buyback tokens to reduce the risk for token buyers and to give good incentives for the dev team. Price paid by the contract are calculated using the same formula (minus spread). Funds gathered in the contract cannot be withdrawn at once. Dev team can request maximum 1% of funds each week, so they have an incentive to work hard or risk that tokens will be sold to contract and team …

Bitcoin’s Price Surge is Making Hobby Mining Profitable Again

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Roque Solis never imagined the bitcoin mining equipment he bought in February would have already paid for itself. And on top of that, made him money. Solis is the president of SoliSYSTEMS Corp, a company that developed an EMV smart card for electronic benefit transfer for the federal assistance program, Women, Infants, and Children (WIC). While attending several conferences last year, Solis was unable to ignore bitcoin. So, he decided to experiment with the technology via mining to get a better handle on whether the technology could be used within his company. Solis bought a Bitmain Antminer S9 on eBay for $2,400. As of this weekend, Solis has mined 1.01 BTC, worth a little more than $2,584 in his bitcoin wallet. Solis said: “When I bought the miner, the price per bitcoin was around $1,200. I thought I’d break even in one year, but actually it’s been about five months.” These gains, though, are particularly interesting in that, even last year, individual hobby mining wasn’t profitable anymore. Individuals with just one or two miners couldn’t compete with the companies mining bitcoin using large warehouses full of servers dedicated to the task (and seeing lucrative returns as the price rose). But …

Quantum Computing Key to Secure Blockchain: Carnegie Mellon Chief Scientist

Quantum Computing Key to Secure Blockchain: Carnegie Mellon Chief Scientist

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While Blockchain technology is a relatively new innovation, it has been steadily gaining recognition recently. According to Gregory Shannon, Chief Scientist of Carnegie Mellon University, Blockchain is a technology that has now found its way out of the encryption community and into other sectors as well. He states that it will be ideal for the economic systems around the world and also the healthcare and medical industry. Quantum computing effects Although encryption of data is a rather safe mode of transferring data through several networks, quantum computing could allow a third party to break through the encryption which can be an actual threat to encryption technology such as Blockchain technology. However, Shannon believes that by the time quantum computing can be used for breaking encryptions, they would have already made a quantum-resistant protocol. To do this, they must also make use of quantum computing.  As long as the encryption is kept secure by the development of these security measures, data can be transferred without much risk of a breach. With Blockchain technology impacting so many parts of the globe, it is essential to make sure that the technology is very secure and safe because it contains information and important data of many people from around the world.

Five Reasons Why Bitcoin-is Here-to Stay

Five Reasons Why Bitcoin-is Here-to Stay

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A major issue hindering Bitcoin is uncertainty about its future. The debate is over whether Bitcoin will be a successful long run innovation or fizzle out like so many prior innovations. It is possible to make a relatively accurate prediction about the future of Bitcoin by analyzing five factors successfully used by technology adoption experts for decades: relative advantage, compatibility with other innovations, experience through trialability, complexity and observability. These factors, derived from the classic work of innovation diffusion theorist Everett Rogers, when combined with features unique to Bitcoin, suggest that Bitcoin is here to stay.. Relative advantage Relative advantage in the field of innovation is defined as the improvements of a product as compared to its predecessors. Improvements include, but are not limited to, economic or social advantages measured in time, convenience, satisfaction or monetary benefits. Specific examples could be better service, consolidation of multiple functions into one tool, empowerment of users, improved interface, increased productivity, reduced user effort, saving money, saving space or storage and saving time. A major advantage Bitcoin has over other payment systems is that Bitcoin has a decentralized ledger. A decentralized ledger means that a single party is no longer in control of the records of previous transactions. …

Why Ethereum May Grow Higher in Value Than Bitcoin

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In May 2017, investors and spectators alike saw Bitcoin price pass the value of $2,300. This figure marks the highest peak of Bitcoin’s value in its entire lifetime. Due to the success of Bitcoin over the years, many investors have been attracted to it and other cryptocurrencies as well. However, Bitcoin is not the only cryptocurrency that has risen in value. Another leading cryptocurrency known as Ethereum has also ascended in value since January 2017. From its original value of $8.24, it has recently gone on to attain a figure of $203, which represents a rise of 2,367 percent. Investors worried It has been within the last few years that cryptocurrencies have gained much favor among investors who are looking for alternative means of investing other than the traditional investment mediums. While most investors still have their money invested in traditional financial markets, such as the stock market and the forex market, a lot of these investors have become worried about the economic climate of the world economy. With recent events pointing to its inherent instability, many investors have been looking to other means of investment where they can put their money. With the creation and popularization of cryptocurrency, as well as its sharp rise in value, many …