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2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - Printable Version

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2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - Carsten - 2018-04-11

I have to agree with this statement: "2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility, Analyst Says"

https://cointelegraph.com/news/2018-mature-crypto-market-will-draw-more-investment-see-less-volatility-analyst-says


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - BobBobert - 2018-04-11

I really do not see why we have so many cryptos doing the same thing - ok some stand out for whatever reason but the vast majority is repetition offering nothing new. Perhaps people wil get better at spotting scams or bad ideas, so in that sense investors knowledge is maturing all the time, giving people more confidence to actually invest.


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - Carsten - 2018-04-11

(2018-04-11, 01:57 PM)BobBobert Wrote: I really do not see why we have so many cryptos doing the same thing - ok some stand out for whatever reason but the vast majority is repetition offering nothing new. Perhaps people wil get better at spotting scams or bad ideas, so in that sense investors knowledge is maturing all the time, giving people more confidence to actually invest.

As we talked about the other day. People only know Bitcoin. Some know Ethereum and some know Ripple. No one knows Rimbit, Tron, Stellar and whatever coin except for the few. You therefore cannot expect anyone to know the difference between coins. It's hard to compare with "real" stuff, but take Apple, Google and Microsoft. All competed in providing a phone and operating system. Apple provide it all and is having around 17% of the market. Google now provide only Android that is having around 85% of the market. Microsoft provided both phone and operating system without success. 

Can you tell the difference? Yes, one provided a phone in silver... another one has rounded edges... Cool! They are still rectangular and look the same 10 m away.

Same with coins. Can you tell the difference? 

Not many can tell the difference except for the appearance and price, but the offering of the operating system (the coin) most can not.


Trust me. Android is way better than IOS. Is Google better than Apple? I think not. Is Apple better than Google. I think not. Not to mention Microsoft.... No it's the same with them.

Is Bitcoin better than Ethereum? I think not! Is Bitcoin the most popular coin? yes it is. Is it then better than Ethereum? Yes it is.

So you see..... it's not so easy to find the right answer.


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - BobBobert - 2018-04-12

True, there are many answers to the same question, with definitions important! That is a good comparison with the phones / OS. When it comes to an OS there are really only a few major players, whether it is phone or PC. You can chuck in 20 different version of Linux / Unix but the vast majority of people keep to the one system long term and refuse to change. I still come across PCs running XP as the clients wont upgrade for whatever reason.

The vast majority of cryptos are like all those version of Linux - possibly ok but purely for the geeks!


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - Carsten - 2018-04-12

(2018-04-12, 12:00 PM)BobBobert Wrote: True, there are many answers to the same question, with definitions important!  That is a good comparison with the phones / OS.  When it comes to an OS there are really only a few major players, whether it is phone or PC.  You can chuck in 20 different version of Linux / Unix but the vast majority of people keep to the one system long term and refuse to change.  I still come across PCs running XP as the clients wont upgrade for whatever reason.  

The vast majority of cryptos are like all those version of Linux - possibly ok but purely for the geeks!

Smile


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - Hugues - 2018-04-12

I see a little spot of light at the end of the tunnel.
There are many reasons why bitcoin and most of other cryptos fell down like a rock the past few monts.
Why should they rise up again?
Maybe these few arguments:
  • In the US people had to pay taxes if they possess cryptocoins. (I wander if CTA was in the know of this.) After april 15th these taxes will no longer be charged. This could be one of the reasons why lots of Americans got rid of their cryptos to buy back after this date. This could create new demand and rise of the value.
  • Another thing that could cause the value to rise again is the possible purchase of the Japanese exchange Coincheck by Monex Group, the parent company of the American company TradeStation. This is a listed, public and regulated company, which always inspires confidence.
  • The cycle of Bitcoin
    When looking at the history of Bitcoin, experts have been able to determine that the value drops every year through March, to rise back from April. With a few exceptions, this tendency comes back every year. Hopefully also in 2018.
  • The most important factors in the sharp increase in the value of the bitcoin could be the interest of the big names Soros and Venrock, who both expressed positive about cryptocurrency.
  • Soros Fund Management, the investment company of George Soros, has indicated on Saturday that it wants to invest in cryptocurrencies. The company is one of the largest and most successful investment companies in the world and manages a capital of more than 21 billion euros.
    The fact that Soros now wants to invest in cryptocurrency is at least remarkable since George Soros announced in January this year that he saw cryptocurrency as a "bubble", not a sustainable investment.
    Soros also said that "bitcoin is not a currency". He also explained why. "A currency must be stable - a currency that fluctuates up to 25 percent in value can not be used to pay wages, for example, because your wages can fall 25 percent in a day."
    Not yet invested in cryptocurrency, but given permission
    Although George Soros himself is not the biggest fan of cryptocurrency, his company now wants to invest in it. Soros is no longer in the daily management of Soros Fund Management.
    Incidentally, the investment company has not yet invested money in virtual coins, but it has given permission to its fund manager to do so.
    Later the news followed that Venrock also wants to focus on cryptocurrency. The venture capital fund will cooperate with CoinFund, a cryptocurrency investment fund from Brooklyn in the United States.
    Behind Venrock is the Rockefeller family, according to many the richest family in the world. With this, two of Wall Street's most iconic investors speak out positively about crypto coins in the same week and according to many, this could be an important symbolic turning point.
The news of both funds is good news for the value of cryptocurrency.
It is encouraging to see that institutions with a historical track record such as Soros and Rockefeller are interested in blockchain and crypto coins. I foresee an influx of more and more institutional capital, and hopefully that leads to a more stable and mature market. So guys, what will it be by the end of april?


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - BobBobert - 2018-04-12

Interesting comments about Soros and his fund. Certainly with his publicity you would think he can spot a winner more easily than most of us, maybe he can hide all his bad deals better than others can! But with his backing I would think the future would look rosier.


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - Hugues - 2018-04-12

Did you know this?
The Japanese Mt Gox was once the largest cryptrocurrecy exchange in the world, but went bankrupt in 2014 after a hack in which 450 million dollars (850,000 bitcoin) was captured. Since then creditors of Mt Gox have been waiting for their money, a task that is in the hands of curator Nobuaki Kobayashi.
It is the latter that causes a lot of commotion on the bitcoin market. In order to repay the creditors, Kobayashi decided to sell part of the stock bitcoin that Mt Gox still has to sell. Recently it became known that in recent months he has dumped some 350 million euros worth of bitcoin on the market, not really conducive to the price of the virtual currency.
After a peak in December last year above 16,000 euros, bitcoin had dropped below 5,000 euros on 6 February. Specialized websites discovered that this low price came a day after Kobayashi smashed half of the sold bitcoin on the market.
Investors began to panic when they realized that the bankruptcy trustee is still managing a bit of 1.4 billion euros worth of bitcoin from Mt Gox. If they are also dumped quickly, the market of the largest crypto coin in the world could collapse altogether.
But it will not happen, because Kobayashi apparently can no longer rely on the remaining bitcoin of the bankrupt Mt Gox. The next time the creditors come together is on September 18 and connoisseurs suspect that the curator will not be able to dump more bitcoin until then.

According to many, the 350 million euros earned in recent months with sales is even sufficient to pay off the debts. What needs to be done with the remaining 166,000 bitcoin from Mt Gox is a big point of discussion. Possibly they go to former CEO Mark Karpeles, although there is already a lot of criticism.
What about the price of bitcoin?
Due to the news that Kobayashi can not sell bitcoin in the next six months, the market will recover somewhat.
According to fans of bitcoin, the virtual currency is even on its way to record highs and the recent dip is partly due to Mt Gox.


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - Carsten - 2018-04-13

Yes these a good inputs Hugues. We can see today that all coins are up a lot.


RE: 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility - Cell - 2018-04-13

(2018-04-12, 12:02 PM)Carsten Wrote:
(2018-04-12, 12:00 PM)BobBobert Wrote: True, there are many answers to the same question, with definitions important!  That is a good comparison with the phones / OS.  When it comes to an OS there are really only a few major players, whether it is phone or PC.  You can chuck in 20 different version of Linux / Unix but the vast majority of people keep to the one system long term and refuse to change.  I still come across PCs running XP as the clients wont upgrade for whatever reason.  

The vast majority of cryptos are like all those version of Linux - possibly ok but purely for the geeks!

Smile


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