I'm buying up LTC now. I'm pretty sure it will go to $300 within this year.

Read this:

In theory, when the supply of a certain asset is reduced, while the demand for it remains the same or increases, its price should increase. However, keep in mind that markets are always forward-facing, meaning that it’s possible that the halving event might already be priced in.

https://cryptopotato.com/litecoin-ltc-ha...d-to-know/

The institutional argument for crypto!
It is becoming increasingly clear that the world is rapidly approaching an important turning point. Trust in the government has reached its lowest point since decades. After a decade of inflated stock prices and an unprecedented central bank policy, the majority are probably no better off than when we started this monetary experiment.


But times are changing. The masses are becoming increasingly aware of the chokehold that the current company giants have on them. The unfavorable fiscal and monetary policy is being scrutinized now that the world is struggling with an increasingly unsustainable debt burden. The increase in popularity in Bitcoin and crypto is a product of the macro environment from which it originated, but also of the technological revolution. However, the emergence of crypto has the potential to offer much more than just financial freedom; it has the potential to deliver a substantial return for investors.


Past performance is not an indication of future results.
High-risk assets have seen an enormous rise in the last ten years. Real estate recovered, US equities dominated, and various asset classes saw a double annual return in the digital real estate sector. The suppressed interest rates as a result of moderate inflationary pressure ensured that investors were increasingly driven out of the risk curve in search of higher returns and those who did so were amply rewarded. If markets worked like childhood fantasy stories, you would add "and they lived happily ever after" before closing your eyes for the night. Unfortunately, investing is less easy and history tells us that the next decade will probably not be the last.


Determine the institutional phase
Let us use pension funds as a quick example. Despite the significant increase in many financial assets over the past ten years, the financing status of many pension funds, both public and private, remains extremely vulnerable today. According to The Boston College's Center for Retirement Research (CCR), approximately 72% of public pension funds are funded in the US, which is a significant decrease from nearly 90% about 15 years ago. But if the funding levels for pensions have fallen during one of the longest bull runs in stock history, then you should imagine what their funding status is as soon as a market decline occurs.


Crypto catalysts
Historically low yields on government bonds, above-average valuations of risky assets, unsustainable debt levels and a slowing global growth are the perfect motivation to fuel institutional demand for cypto assets. Rising debt levels are not intrinsically bad, but weaker economic prospects are to a large extent an obstacle to the development of a solution to our debt problems. The more likely consequence is a widespread devaluation of the currency, even in advanced economies such as the US, which will help alleviate debt by reducing the value of the currency in which it is repaid.


Dethroning King Dollar
Ironically, network effects are a major driver of the US dollar's status as a global reserve currency. Below are a few important reasons why it has such an important title.


The majority of world trade is settled in USD.
Many commodities are also quoted in dollars, of which oil is the most important.
However, one of the main reasons is the demand for American Treasuries (UST) by the global power station banks as the reserve capacity par excellence.
In our opinion, the real key to the dollar settlement is much more to be found on the demand side than on the supply side of the system.
The story of "deficits don't matter" is likely to prove true in the short term because until a new, better, alternative, interest-bearing global reserve asset becomes available, the US Treasury can continue to issue more debts if demand supports this considerably. The foreign governments are well aware that they are dependent on the US dollar and as a result have tried to thwart the dominance of the US dollar (Russia, China, etc.). This is happening at a time when the US is spending huge amounts of debt to help finance the growing budget deficit. A reduced demand for US Treasuries abroad would lead to an increase in returns (subject to a drastic increase in domestic buyers), which would increase the costs for paying off this growing debt.


Now it is unlikely that the U.S. his debt defaults in view of the track record, but that does not mean that the world's largest economy will skate freely and clearly. In our opinion, the more likely scenario means that the Treasury issues more debt to finance its activities, increasing the budget deficit and creating a longer period of increasingly pessimistic sentiment towards the dollar.


The “Digital Gold” option
The combination of these trends makes a convincing argument for the gold comeback, as investors tend to go to the precious metal as a safe-haven asset in uncertain times. The performance of gold is also a reflection of the confidence people have in governments, which increases when the risk of a currency devaluation increases. As we have noted, a devaluation of several major currencies cannot be ruled out if governments fail to stimulate more robust economic growth to reduce their increasing debt obligations.


Bitcoin has many of the same characteristics as gold (sustainable, scarce, predictable range). Although its track record is limited, it addresses a few critical limitations of gold, making it an attractive addition to the precious metal in an increasingly digital age. Apart from the hard-cap, it is much more portable than gold (especially in large quantities), it is divisible (sats) and is easier to control due to the transparent nature of the blockchain. The most important difference is that Bitcoin is censorship-resistant, which means that it cannot be confiscated, is accessible to everyone and that no central authority can block a valid transaction. On the other hand, it is much harder for the average person to get hold of physical gold, and most people who have "own" gold do not actually own it; they purchase gold-backed investment products (mutual funds, ETFs, etc.) or derivatives to gain exposure to the underlying asset.


Not your vault, not your gold, right?


Risk payback of the transaction
As with all emerging technologies, there is a non-zero chance that Bitcoin will fail. Meanwhile, the world is struggling with unsustainable indebtedness and a slowdown in economic growth, making developed economies more vulnerable in the next recession, which will eventually occur. The demand for a real non-sovereign digital repository for valuable assets has never been greater than it is now, as the risk of a widespread devaluation of currencies is increasing. The situation for Bitcoin is not getting any better.


There are still several barriers to overcome before large institutions put capital to work in this space, but given the headwind that most conventional asset classes will face in the coming years, a small commitment for crypto can have a significant impact on the performance of the portfolios, should the market get off the ground. The asymmetric upside potential is incomparable in the current investment environment.

The market has been taking profit but I think and hope it's over for now and I think that within 14 days LTC will be in $130 and ETH will be in $300. 

Right? 

Has anyone tried this https://mcafeemagic.com/? It's not a real exchange but a place where you can trade on multiple exchange at once. So it's kind of a proxy to real exchanges. I know that McAfee is a controversial person but he seems to fight against the current system and is supporting all privacy coins so we seems to agree with him on that.

I signed up. If you do so then use this link https://mcafeemagic.com/magicportal/regi...5869d8d06b

John McAfee lives in exile on Cuba with beautiful woman and cars from before 1957 all looking brand new. (No new car is allowed to import in Cuba so they maintain the cars they have and they are all from before 1957....)

His take on the system and Libra.....I think he is right.

https://cointelegraph.com/news/mcafee-on...an-survive

Lucky for the users the "0x-zrx" Dex has closed down for trading because of a bug in the smart contract code. https://coin360.com/coin/0x-zrx 

Read the article here https://cointelegraph.com/news/0x-dex-pr...funds-safe

I'm happy it's their view on Bitcoin (and crypto in general)

"The European Central Bank (ECB) doubled down on its dismissive stance on bitcoin (BTC) July 9, refusing to recognize it as currency in a Q&A session.
Responding to a private query as part of its regular interactive Twitter program, which it administers under the hashtag ‘#AskECB,’ the bank said it had no plans to add bitcoin to its reserves.
“Bitcoin is not a currency, it rather is an asset and it is very volatile,” officials wrote quoting chief economist, Philip Lane. 
The response continues the ECB’s underwhelming reaction to cryptocurrency it has already propagated in other public statements. 
In May this year, a report dubbed “Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures” concluded the entire phenomenon had little impact on the traditional economy. 
Previously, the European Union’s reserve bank had also come out bearish on the idea of issuing a digital currency of its own, in contrast to noises now coming from China and several other states. 
Predictably, cryptocurrency proponents had little time for Lane’s brief statements on bitcoin this time around. 
“Bitcoin is money,” Pierre Rochard, a software engineer known for his advocacy, responded on Twitter to much appreciation.
Another user reproduced the ECB’s own inflation calculator, showing the decreasing purchasing power of the euro since its introduction twenty years ago. 

That, they argued, was infinitely worse than the temporary bouts of volatility seen with bitcoin."

https://cointelegraph.com/news/eu-centra...a-currency

There is many opionions about Facebooks Libra. Here is another one that thinks banks and PayPal is not relevant anymore.....I say no way that's going to happen.

https://cointelegraph.com/news/paypal-is...dumb-nodes

PDATA Token.


Creating coins and tokens is relatively simple.
Making a success of it is another ball of wax.
Creating good use cases, having a good team, adjusting the system to be scalable…
And last but not least, being ahead of the competition… These days there are so many coins and tokens out there.


It’s all about creativity. If you are not a techy person or organization you will not be able to invent or create a high tech crypto based product without paying tons to a dev team.
So why worry to create technical product if you already have a good running multinational business. Just find someone to create you a token and just keep on doing what you are good in; selling the same product or service you already did with success for many years before.


This is all about PDATA token.


The company behind this is opiria.com.
This company does nothing more than collecting personal data from people against payment (so people know their data will be sold) and selling it to fortune 500 companies. Brokerage of personal data is a 250 billion dollar/year business and still growing by 13% per year. Big business if you ask me. The past 3 years the companies anual revenu trippled each year. So I suppose they must be good at what they do.
They decided to nolonger be paid in % by their custommers, From now on these big fortune 500 customers will pay with PDATA instead of USD.
If the company has such big customers they must be realy good and these customers don’t care to pay in USD or a token. As long they get what they want for the same price.


I believe this token has some potential. Not because it is a high tech project, no but because the token will be in demand as means of payment for the businesses to pay their services. Also the people who are selling their personal data to opiria will be paid with PDATA.
The token will be scarce because it will be in circulation all the time.