The rise of the digital currency

If you’ve been following the news lately, you could be forgiven for thinking the crypto market is already dead in the water. Consider the reports that have said: We’re firmly in a crypto bear market, which might ( or might not ) last for several years. Talking heads like Warren Buffett and Bill Gates prophesize  doom and gloom  for bitcoin. There are still many  scam ICOs . My take? Don't believe all that negativity. In fact,  ICOs have never been hotter , according to the numbers: More than twice as much money was raised through ICOs in the first five months of 2018 than in all of 2017 ($7.7 billion vs. $3.8 billion). More than twice as many ICOs launched in the first five months of 2018 than in all of 2017 (322 vs. 210). The highest private sale of all time took place in 2018 (Telegram: $1.7 billion). Perhaps this isn't too surprising since most entrepreneurs tend to have a long-term view of new technologies. And most people agre...

Louise Matsakis   of Wired magazine writes about how the publication garnered about $100,000 in bitcoin in 2013 after receiving a mining device and then promptly destroyed how to retrieve them. Matsakis writes, “Wired’s miner essentially won the Bitcoin math lottery a couple of times, allowing it to generate a little over 12 coins into the network. Then, the staff had to figure out what to do with them. “We had a very long conversation, over several weeks, about what to do with the money,” says Michael Calore, a senior editor at Wired who has been at the magazine since 2006. Some staff members argued the Bitcoin should be donated, or set aside for a charitable purpose in the future. Others said it had to be destroyed permanently. What  was  agreed upon was that the money shouldn’t just site there, because it could influence how the magazine reported on cryptocurrencies. “I said we had to dump it and donate the money to charity soonest or we wouldn’t be able to cover ...

Making cryptocurrency and  blockchain  technology more appealing  to the  masses will always remain a struggle.  Goodomy  has come up with an interesting approach, as they want to introduce a  retail mining  app for consumers and offer fee-free transactions. A few other features are also worth taking note of, although it remains to be seen how this particular venture will pan out. GOODOMY IN A NUTSHELL There are a few key features associated with the  Goodomy  project. It is designed to motivate consumers to do more, sell more, and be more productive on a daily basis. This project utilizes the Shopomy mobile application, which is also worth taking a closer look at. HOW DOES IT ALL WORK? The main bread and butter of the Goodomy ecosystem is the Shopomy application. It is a “retail mining app for consumers” allowing both buyers and sellers to conduct transactions without payin...

In my recent article, "Time for a Crypto Lunar Rocket Launch?"  I stated that we have been tracking bullish 5-wave patterns off the April lows, and viewed most cryptocurrencies in wave-2 corrections or about to complete the impulse and enter wave 2s. However, some disparate coins are currently in B waves or wave iv corrections. I also stated that some of the corrective fractals that we were beginning to see were shallow, particularly that in Ethereum. Meanwhile, I said that corrective waves are notorious for twists and turns, and for changing the views of traders and analysts alike. So, I always ground myself in a zoomed-out point of view. By that view, we went deep — deeper than we prefer — on a few of the coins we track, but have so far stayed well above April lows in most. Yet, most coins we track are well within ideal range for a wave-2 bottom that will set us up for much higher. I want to focus on the opportunities in Bitcoin and Ethereum, leading bellwethers for ...

Have you ever wondered what you would do if you had all the money in the world? Everyone has. But we take it to be just daydreaming. According to  researchers , at least in the US, while entering the top 20% income distribution can be achieved through education and hard work, entering the top 1% is almost impossible if you don’t have a wealthy background. It’s also well known that nobody becomes rich by saving up under the mattress. You could take 20% of your income each month and save it, but if you’re making $50 or $60 k a year (rough averages for the US and EU), it’ll take you around 65 years to get to your first million. That’s a bad deal. Check any publication on the matter, you’ll see one thing: millionaires and billionaires get to be so by  investing . You don’t break into the top 1% by working and drawing a salary, but by making your money work for you. Nowadays, thanks to digital currencies and ICOs, investing is easier than ever. You can find investing oppor...