Skip to main content

The Genesis Blog - Bitcoin, Cryptocurrencies and Why You're Missing Out

This is my genesis blogpost. Blockchain is gonna change the world and I'm here to explain you why, I'm a programmer, owner of a marketing/communication company, a financial market & cryptocurrency trader and educator. Welcome to my blog.

Bitcoin is an implementation of whats called a Blockchain, this is a decentralized database that can server as many things one of them being a value transfer like a payment :).

The keyword here is decentralization, unlike traditional FIAT currency like $USD or $EUR, Bitcoin ($BTC) has a limited supply of 21million and is not controlled by a central authority. It's network is secured by a global decentral network of people who contribute power to secure and encrypt the data so it remains valid. This makes sure the database can never be tampered with.

What people fail to realize though is these cryptocurrency networks (or Blockchain implementations aka Bitcoin & altcoins) have intrinsic value to exist and a known finite supply. When the 2008 crisis hit a lot of people lost trust in the banking system, the is the fundamental reason Blockchain technology exist of which Bitcoin is simply its inception. The genesis blocks contains a link to a news article about an approved bank bailout. Since it's original creator is still anonymous and can be anyone from a crazy Australian Dr. to NSA like governement agencies we just have to assume it was built with good intent and that it clearly fills a need for a decentralized way of transferring value.

Bitcoin/Blockchain/cryptocurrencies are the e-mail of money, e-mail server communicate with eachother through a written protocol and Blockchain allows for secure transfer of value without any middle man. In following blogs I will go further into markets and the true value of these tokens and coins.

Comments

Post a Comment

Popular posts from this blog

Trader Psychology and the Analysis of Behavior in Financial Markets

Markets are influenced by the speculative behavior of the people that are active in them. For a long time fundamental and technical traders debated what really provided the edge in this battlefield. Recently though there has been a shift in the perception of it's reality, the fields that cover this: behavioral finance & economics. Deciding whether to risk ones money based on information with only the promise of a possible return easily triggers an emotional response and even though our outside brain cortex has given us the power to high cognitive function, science actively seeks out contrary opinions to prevent our observations becoming biased. Analyzing a market works in a similar way, you make an observation which can be anything from a sideways market setting up, to a trend in progress. This observation gives you a signal of opportunity and the decision making process begins.
Post a Comment
Read more

CBOE launches Bitcoin futures, with volume!

As announced by the CBOE on the 10th their platform launched a Bitcoin futures market, by this move they beat CME and this showed as they instantly had volume. This means the coming weeks gonna be important to watch in the Bitcoin market, the question is if large coin holders are looking to hedge down or that players looking to short the top of the bear market are coming in to cause at least a short term squeeze which could put us again at new highs. What ever is gonna happen the days between now and the end of the year are definitely to be watched for opportunity for the speculator, this also counts for other cryptocurrencies like Ethereum and a lot of the altcoins that have been steady accumulating.
Post a Comment
Read more

A new Crypto Super Cycle, Van Eck MVIS OTC Index

Markets can trend for years ride on hype, export markets of commodities are cornered by cartels that have the advantage of information of their own large OTC transactions. Whatever market you are in  just envision who the large exporters are and most likely they will be the people in control. The same goes for crypto, Bitcoin has had a supercycle since 2016 and now another 6-7 months consolidation as the market has seen before, OTC hype is strong amongst institutions interested in the trade, this goes as high as the governments investment funds. I believe we are in for the next crypto super cycle and we will see some interesting decentralized applications come out of this.
Post a Comment
Read more
Powered by Markten & Economie