Hi Everybody, MS (aka Cryptogem) here. Today, I'd like to talk to you about something that I am very excited about: The cryptocurrency Ripple or XRP and what is likely price of the cryptocurrency by the year 2020. You might wonder why I am talking about cryptos, whose fortunes change everyday for such a long term holding scenario. Let me explain.
Back when the wild west of cryptocurrencies was first in full swing and the mainstream media was swamped with stories of drug cartels and launderers smuggling millions through bitcoin, it was pretty hard for an average person to see the value in the concept of a virtual currency.
When we get to the point where the price point of these decentralized apps as well as the friction of their user experience are optimized, we will begin to see massive adoption of this technology as a whole.
For the first time ever, an exchange traded fund (ETF) with exposure to the marijuana industry has received approval to join the New York Stock Exchange (NYSE). The new ETF will provide investors with a simple way to access a burgeoning cannabis industry that some say is the biggest market opportunity of a generation.
Marijuana: A Budding Industry
The marijuana industry is expected to be one of the biggest opportunities since the dot-com era. A recent publication by Arcview Market Research predicted that legal marijuana sales will exceed $20 billion by 2020.
I did a generic pool meeting for YouTube to tell Bitcoin / Crypto traders about the Steem Backed Dollar. Let's face it. Most people don't trust Tether and it looks like withdraws of that are disabled on Bittrex and people lost faith in NuBits quite awhile ago. STEEM Backed Dollars is one of the best safe havens out there.
I think once more traders realize that utility then it could cause them to further check out what else is possible on the STEEM blockchain.
I also mentioned Vessel in the post which is a desktop wallet for the STEEM blockchain created by @jesta Here is a link.
Please Note - none of the enclosed represents investment advice - please doyou own research and seek professional advice as needed.
The price of bitcoin in 10 years is nearly impossible to predict but the future will be subject to 2 main source of drivers as I see it :
With the SHA-256 cryptographic algorithm (at the very core of BTC’s design), the chances of anyone randomly guessing a correct private key combination is estimated to be one in 115 quattuorvigintillions – that's a 1 followed by 77 zeros! Now that sounds like a big number – and it is – there are more private key combinations than there are grains of sand on the planet.
Nowadays it’s very often that we hear or read something about Blockchain, but the truth is most people are not yet up to speed. Why is that? It’s simple. Blockchain today is in the same grey area as the Internet was in the early ’90s.
We’ve said it before and we’ll say it again: The future is here. Blockchain is no longer just a buzzword, but a leading solution for sending global payments.
Marcus Treacher, Ripple’s global head of strategic accounts, said: “Blockchain technology is being adopted by the mainstream, including the biggest financial institutions in the world. They see value in our solution not only because it can increase their bottom line, but because it enables them to offer their customers an enhanced payments service, ultimately helping them to gain market share and free-up capital for other investments and business activities.”
The Internet has been developed with the aim of creating a decentralized information platform. Today, however, most of our personal information is stored on other computers - on servers or the cloud - in a handful of companies, such as Google, Facebook or Apple.
Blockchain could be the information age’s biggest advancement since the internet. By enabling trustless transactions and empowering transparency, security, and privacy, the technology holds immense potential for businesses and consumers alike.
CryptoKitties is not holding an ICO, nor is early investment a necessary prerequisite to participate. You don’t need to understand the finer points of the token economy to take part: you just need to find the CryptoKitties cute.
After reaching all-time highs of $7800 bitcoin has finally received a pullback post SegWit2x cancellation announcement.
This isn’t all bad.
Bitcoin has stayed true to its original form, while Bitcoin Cash (a faster, lighter version of bitcoin) has seen a massive spike for about 80% gain at the high, and some speculate reaching $2000 by February.
If bitcoin is meant solely to be a store of value, similar to gold, then it would make sense to keep it at its current state with higher fees, and a longer transaction time, while Litecoin, Dash or even Bitcoin cash becomes a day-to-day buying and trading currency.
Yet, there is an ongoing battle between people like Roger Ver endorsing Bitcoin Cash (BCH) and others wanting nothing to do with it.