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BItcoin and Altcoins in 2015

Currencies / Bitcoin Dec 21, 2014 - 03:45 PM GMT

By: Mark_Blair

Currencies

One: Bitcoin has been stuck for a while in a sort of ‘deflationary spiral.’ This means that commercial adoption by companies like Microsoft and Time has kept Btc’s price DOWN: no one wants to sell at this price coin that they (a) paid more for, and (b) can clearly see will rise greatly in value.

The Mining Thing – whereby miners tend to sell now rather than later (to pay for electricity) – remains an aspect.


Two: ‘diffusion’: there is an amazing and long-awaited change underway. It used to be the case that, as Bitcoin’s price rose, the price of ‘altcoins’ – all other cryptographic currencies – rose even more (and vice versa).

During The Big Spike, in late 2013 (though you won’t find this stat in ANY articles beyond the crypto sphere . . . ) Bitcoin’s market-cap fell to about 75% of total crypto-cap.

Today though – with Bitcoin at a low low price – almost 20% of total crypto-cap is in altcoins.

IndiaMikeZulu expects this shift to be permanent.

Check Ripple (Nos. 2 here: http://coinmarketcap.com), which is now in use with a growing number of fiat-currency banks, rising in price against Bitcoin’s falls, and showing significant trading-volume.

Check Paycoin -- https://hashtalk.org -- a coin that comes with its own ‘credit card,’ and whose acceptance with Amazon, Wal-Mart, Target, and Macy’s was pre-arranged.

And I will provide further detail on ‘appcoins’ like Gems (http://getgems.org) and Nxttycoin. Gems is still in pre-release mode. Nxttycoin seems to be a failure (IndiaMikeZulu held high hopes . . . ) – but the PRINCIPLE, that of connecting the world of smartphone users to the world of cryptographic currencies via a combined-crypto-wallet-and-crypto-‘economy’-and-user-support app for smartphones has IMMENSE potential.

And there’s Unobtanium (my home-coin: https://bitcointalk.org/index.php?topic=527500.4860). The Unobtanium community is bringing to bear a range of related developments that – tiny step by tiny step – are giving this ‘crypto-commodity’ price-independence from Bitcoin/general crypto-price trends.

Three: cryptos and the GFC:

Check this article: http://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis

There is a growing awareness within the crypto-sphere of just how much money could find its way into cryptos as things get ugly, though it’s accurate to note that attitudes vary among crypto-tribes. For example, Dogecoiners are not so ‘political’; but the coiners of, for example, the ‘dark coins’ and Unobtanium are.

Conclusion:
the degree of commercial adoption in 2014 has put paid to Professor Know-Nothing’s offensive pontifications about ‘ponzi schemes’ and ‘no intrinsic value’ and ‘selling crack to children at the schoolyard gate.’

And right this very second is ‘Cheap Acquisition Opportunity Number Two.’ Cryptos – no longer just Bitcoin! – will break free from the deflationary spiral in a day or a week or perhaps a few months – and then they will never again look back.

Mark Blair

Mark Blair has a solid background in devolutionist political theory and activism. He and Ian Ridgwell and others are ‘IndiaMikeZulu.’ Mark is ‘IMZ’ at:
https://bitcointalk.org/index.php?topic=527500.4860

Copyright © 2014 Mark Blair - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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