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We analyze the meaning of Live Market of Bitcoin?

Jack Ma has said more than once that in the next few years, people’s daily working hours will be shortened, because more work is done by robots. But what should the part of the workers who will be replaced by robots in the future?
If it is really at that time, maybe people’s wages can no longer be satisfied with people’s current life, then how to get higher income?
I think wages will definitely be part of it, but people should still not be satisfied, but look for more opportunities. Well, there should be no more appropriate than “investment.”
There are many investment products currently on the market, and people’s choices are multifaceted. And the remaining money of investors should not be a minority. If you need a good investment product recommendation, my suggestion is cryptocurrency. Especially bitcoin.
We can do an analysis of “Live Market of Bitcoin”:
We know that Bitcoin was released on January 3, 2009. Total: 21 million, It is expected that the excavation will end in 2140
From the expected time, the development of Bitcoin has gone through a short period of time. The initial issue price of Bitcoin was (in US dollars): 1 BTC ≈ 0.04 USD, because at that time someone bought a pizza worth $25 with 10,000 bitcoins. This event is the initial price for Bitcoin.
2011: 1 BTC ≈ 0.01 USD, the price of bitcoin at this stage has increased four times compared with the previous year.

By the time of November 2012, 1 BTC≈33 USD
2013: 1 BTC≈1200 USD
In 2014, the price fluctuation of Bitcoin was relatively large, 1 BTC≈700-1000 USD, which was lower than that of 2013.
December 2017: 1 BTC≈20000 USD
During this time, the price of Bitcoin was at its highest point in history.
However, after entering 2018, the price of Bitcoin is in a downward trend. It once fell below 6,000 US dollars. As of today, the price of Bitcoin is 6,780.44 USD, which is generally in an upward trend, but so far, it has not exceeded 7000 USD.
But as we have seen, bitcoin has a rising trend, and the current price is in a very low position. Now investing in bitcoin is feasible. I think some countries such as Japan are very concerned about cryptocurrency.
It has always been said that cryptocurrency, especially bitcoin, is a bubble economy. I fully admit it, but this huge “bubble” will have many benefits in the process of formation, so that you have many reasons to invest in it. However, the most important thing is to control the investment time. If you want to invest in bitcoin with purpose, you have to do an analysis about “Live Market of Bitcoin”.
Because Bitcoin is forming a new round of bubbles, it may be an opportunity before this bubble breaks.

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Do you really understand cryptocurrency?

Sometimes entering an industry, especially a less mature industry, your idea at the time maybe was that investment is a waste of time and current opportunities. For example, when the Internet was just emerging, many people were talking about it, and it was also investing here. But for the world at that time or a certain country, especially a backward country, there was no thought and energy to think.
Give a simple example:
If the time goes backwards for 30 years, People will participate in the more popular industries at that time. and not do it to study the Internet. Because people ideological realm and vision can’t predict what happened later. A country has experienced three stages: before these three stages, the status of rural and urban areas is equal for some reason. Because going through war, whether it is rural or urban, is not safe.
First, after the war was over, if a country wants to develop upwards, it will definitely give priority to the development of the city, but some people are affected by the previous war, and they worry that the battle will continue,so they will not go city. And there are farms in the countryside, and there are few places in the city. As a result, the city has developed and brought more opportunities.
Second, after a long time, suddenly people in rural areas can’t stand the pressure of their environment. Borrowing everywhere moved away from the original place, and suddenly there was a policy: local urbanization, rural hukou can enjoy many preferential policies and subsidies, as a result, this “city people” missed.
Third, of course, the story is very ordinary and very traditional. It must be that the person missed another chance.
Just like the e-commerce and the Internet at the time, some people mentioned this concept at the time, but how many people really insisted on doing it? But then all people persisted is succeeded.
But some people’s failures, or the mistakes with success, are doomed. Every time the economic wave comes, many people can realize it, but it is difficult to stick to it.
Although some people are in it, their understanding of a new economic situation can’t be done at all. Perhaps he persuaded everyone, but he couldn’t pass his own level and ended up with failure.
The reason why I talk so much is because I have been paying attention to cryptocurrency recently, and the whole market is very chaotic. I don’t know which step the cryptocurrency will develop in the future. I know some knowledge about cryptocurrencies from Bitcoin and related knowledge about blockchain, but for now, cryptocurrencies are subject to stricter controls. The entire cryptocurrency has shrunk in large numbers. And because of the various opinions and analysis on the Internet, I did not predict the outcome of the cryptocurrency.
Perhaps I don’t agree with this economic situation, or I don’t agree with the value of the cryptocurrency. I wonder if you have such doubts. Someone will ask me: “How mush is a bitcoin worth?” I really can’t answer such a question. Maybe in a few years, the cryptocurrency will fade out of the economic field; then do you go back and pay attention to its value? But once that time, the cryptocurrency has been recognized by almost all countries, and it is another scene.

Just like the film industry, in the beginning, in some backward countries, it can only be in the national plan, but it has not been commercialized, and there is not much profit. But the later film market can be an important part of a country’s source of fiscal revenue.
But be sure to enter at the right time. If you can’t stand it too early, you will come out early, if you too late, there is not much profit. The control of timing is the key to ultimate success.
Some people have already gained a lot of profits in the cryptocurrency, but what will happen in the future, I still don’t understand. Do you have any good suggestions or analysis?
I can give you a URL: you can detect information about almost all cryptocurrencies: https://citicoins.com

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crypto Players still full of confidence under the Stressful policy

With the Indian central bank’s order, the cryptocurrency industry has been severely impacted, and banks have closed all accounts related to Bitcoin and other cryptocurrencies, including investor accounts. This has led to a sharp drop in the volume of cryptocurrency, which is good for the Indian government to rectify the macroeconomic market; but it is a heavy blow for most players who hold cryptocurrencies and exchanges.
The release of this policy has led to an overall depreciation of the encryption market. The most important thing is that the intended customers or new users are afraid to enter the cryptocurrency line because there are too many concerns.
However, even under such high pressure, the exchange of Indian cryptocurrencies quickly adapts and reacts. Since the bank no longer provides transactions related to cryptocurrency, it even freezes the account. The exchange has begun to look for new trading methods to make a good response to the policies issued by the current central bank.
After the central bank’s policy was promulgated, it was reported that the Supreme Court (fc) would provide corresponding relief. But the exchange of cryptocurrencies is denied by the player. After this, actively explore new trading methods for new trading methods and operations. This is the point-to-point payment method. According to this statement, this method will break the previous restrictions on trading by banking institutions and get rid of the restrictions of the Reserve Bank of India (RBI).

Specific operational philosophy:
This peer-to-peer trading model does not require a bank account. Instead, a cash transaction between the buyer and the seller is carried out, and the exchange is responsible for transferring the cryptocurrency industry of the buyer and the seller. Use the sophisticated payment interface (FT UPI) to transfer cash directly to the seller. Once the buyer completes the cash transfer and the seller does receive it, the exchange also receives the buyer’s money, then the cryptocurrency exchange transfers the cryptocurrency to the buyer’s WazirX wallet. This is also the responsibility of the secret currency exchange.
There is also a transaction method in which the buyer and the seller do not need to pay cash, but realize the currency transaction, that is, use one cryptocurrency to trade another cryptocurrency.
These two trading methods are still very useful for the current macro environment, but the transaction time is not as good as the bank.
Although an alternative approach has been found, in this environment, transactions that are not conducted through formal banking procedures may result in fraudulent disclosure of the wallet password, which in turn leads to user losses.
In view of the current attitude of the Indian government, the exchange will also appear to be overwhelmed. When the government does not give a clear attitude, the exchange will not be closed for the time being. And the exchange will have an expectation for the Indian government’s attitude toward cryptocurrencies in the future.
According to the exchange, the cryptocurrency is only an initial stage. Once this stage is passed, the cryptocurrency will achieve greater scale and higher growth.
But the value of cryptocurrencies in India has reached hundreds of millions. The exchange believes that the government should not ignore hundreds of millions of assets and is already part of the economy. If this situation is ignored in India, it will develop in other regions. Whether it is developed in a legal or illegal manner. If this economic situation is banned, it may appear in other situations, so the best attitude is: the government should face it squarely.
Once the government does not pay attention to it, it may be encrypted and used by criminals. And the emphasis on cryptocurrencies can also bring good fiscal revenue to the government.
Therefore, the attitude of the Indian government and the central bank to the cryptocurrency is only temporary and severe, and there may be unlimited possibilities in the later period.
More cryptocurrency details, attention: citicoin.com
Below is the transaction details of some of the website’s cryptocurrencies today (Eastern Time: 5/7/2018, 23:23):
Elastic token is the XEL, and its ranking in the cryptocurrency is 392. As of now, the price has decline by 6.07%. The current market value is: 12,684,605 USD, the XEL to USD is: 0.138363USD, the redemption price for the BTC is: 0.00002160, and the transaction volume in the 24 hours is:220,367USD.
CasinoCoin token is the CSC, and its ranking in the cryptocurrency is 362. As of now, the price has decline by 23.31%. The current market value is: 14,848,395 USD, the CSC to USD is: 0.000413 USD, the CasinoCoin price is: 0.00000006BTC, and the transaction volume in the 24 hours is:9,176USD.
Bankex token is the BKX, and its ranking in the cryptocurrency is 373. As of now, the price has decline by 2.99%. The current market value is: 13,927,285 USD, the BKX to USD is: 0.188291 USD, the Bankex to BTC is: 0.00002893, and the transaction volume in the 24 hours is:531,606USD.
PotCoin token is the POT, and its ranking in the cryptocurrency is 410. As of now, the price has decline by 8.24%. The current market value is: 11,333,596 USD, the POT to USD is: 0.051464 USD, the PotCoin BTC price is: 0.00000791, and the transaction volume in the 24 hours is:25,254USD.

ECC token is the ECC, and its ranking in the cryptocurrency is 341. As of now, the price has decline by -0.44%. The current market value is: 16,277,550 USD, the ECC to USD is: 0.000651 USD, the redemption price for the BTC is: 0.00000010, and the transaction volume in the 24 hours is:2,842USD.

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Looking at the future of Bitcoin from the ban on cryptocurrency in India

Just today, India announced the ban on all cryptocurrencies, including Bitcoin, which has dealt a heavy blow to the cryptocurrency that was originally in the market’s pick-up period. Just after the cruel June, there were bad things happening in July. In just 24 hours, the market value of cryptocurrencies has been reduced by $100 billion, which gives a more realistic argument for the cryptocurrency that has a reputation for a bubble economy. In fact, as early as February of this year, Indian Finance Minister Jatrier promised in the annual budget speech that it would ban the illegality of cryptocurrency.
What happens now is nothing more than a promise not to become a reality.
However, the future of cryptocurrencies is still not clear. In addition to India, countries with more active cryptocurrencies, such as the United States, Japan, and South Korea. There are no particularly big moves. Especially in Japan, it still insists on the development of cryptocurrencies. Before the cryptocurrency’s rise was too high, it was easy to cause the price to fall, so the cryptocurrency is still in the adjustment period.
However, one thing is different from the previous one. The development of the previous cryptocurrency is in a relatively loose and free environment. The development of cryptocurrency is regulated, controlled and even banned by the government. Tightening the regulation of cryptocurrencies is a general trend. From the Korea Financial Services Commission to the US Securities Regulatory Commission to India, countries will no longer allow the cryptocurrency market to develop at will.
Due to the influence of India’s ban policy, the prices of many cryptocurrencies have declined, such as:
Cobinhood token is the COB, and its ranking in the cryptocurrency is 411. As of now, the price has decline by 3.86%. The current market value is: 11,274,419 USD, the exchange rate for the USD is: 0.0309821USD, the redemption price for the BTC is: 0.00000508, and the transaction volume in the 24 hours is:12194 USD.
Cofound.it token is the CFI, and its ranking in the cryptocurrency is 378. As of now, the price has decline by2.07%. The current market value is: 13,382,720 USD, the exchange rate for the USD is:0.041178USD, the redemption price for the BTC is: 0.00000624, and the transaction volume in the 24 hours is:223,627 USD.
3.Hackspace Capital

Hackspace Capital token is the HAC, and its ranking in the cryptocurrency is 1023s of now, the price has decline by2.07%. The current market value is: 2,872,303USD, the exchange rate for the USD is:0.041178USD, the redemption price for the BTC is: 0.00000134, and the transaction volume in the 24 hours is:406 USD.

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Bitcoin value will still increase

《Ready Player One》 has recently been hotly released, both in the US and in other countries, and is very popular, with a box office of $591.9 million. The film tells the disappointment of the people at the time, so many people are immersed in a game called Oasis…

People in the movie are disappointed with the real world, but the film does not say what it is. But in today’s society, it seems that some people are also relatively disappointed. The rapid development of the economy, the increase in prices, and the pressure are constantly increasing. People’s wages are growing, but prices are rising faster than wages, which makes the purchasing power of money continue to decline. So I think that in the near future, people’s income sources may not only rely on their own wages, but multi-channel income. People don’t have to deposit money in the bank because the interest given by the bank can’t offset the depreciation of the currency.

But this part of the money will not simply be left at home but used for investment. So in the future, people will probably have two parts of income, some from the company and some from the benefits of investment.

There are many investment channels now, and there are many projects. Of course, there are still many consulting companies selling their own investment products, which may have been a scam in the past, but this will be called “trend” in the future.

As investment is slowly being known, investment projects are slowly changing. In the past, I might invest in real estate, etc. Nowadays, many people are investing in cryptocurrencies. For the cryptocurrency, there may be many people who don’t know much about it, but I believe you must have heard of bitcoin, for those who have invested in cryptocurrency. In terms of bitcoin, bitcoin is no longer familiar. Some people may ask: “How much is a bitcoin worth?” The price of a bitcoin has risen to over $20,000, and this is not the highest time.

Now, due to the influence of some external environment and the status quo of the entire cryptocurrency industry, the price of bitcoin has plunged all the way. In June of this year, the price fell to 6,000 US dollars. It can be said that many investors are extremely upset. But after June, the price of bitcoin has gradually increased. In the long run, it is likely to continue to rise. In particular, Facebook has also eased restrictions on advertised currency re-advertising, which is also a signal that bitcoin has risen from falling. In this era, no one can ignore the effects of advertising.

There were too many things happening in June, and Bithumb, Korea’s largest cryptocurrency exchange, was shackled. For cryptocurrencies, it was like “Black Friday” on Wall Street. However, just after June, the trend of the decline of the entire cryptocurrency market has also rebounded. Looking back at the historical price of bitcoin, bitcoin still has a lot of room for price recovery.

Disclaimer: The above views are purely personal opinions and are for reference only.

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What are other uses of a blockchain apart from cryptocurrencies?


It’s common to find that people often associate blockchain technology with Bitcoin or crytocurrencies, and sometimes mix them up for the two often come in tandem with each other on the news coverage talking about the stunning price slump of Bitcoin. By the way, the Bitcoin price bound back a little and standing at $6,737.42 USD(data from citicoins.com)now.

However, Blockchain technology is far more than the technical support behind cryptocurrency. Actually, its core function to provide a immutable and distributed database enable the technology to be applied into many various fields.

  1. Data Management

In data management, on the one hand instead of processing information in the sole central medium, the technology reduces the risk of being hacked or tampered by deploying various different and independent computers in the network to co-establish and co-maintain the system, which exponentially increase the difficulty to cause systematical breakdown. On the other, it also helps to build up a shared information system between organizations and institutions which empower every member of the community to get access to information posted on the chain. Moreover, for updates or revision will be recorded, therefore, misbehavior committed by members or clients could be found out instantly. For example, company which uses blockchain technology to store their financial archives could find out employee who embezzles company funds the moment the man acting on it.Then, when it comes to political fields, the government could apply the technology in the process of general election to prevent voting manipulation.for the same reason mentioned above.

  1. ID identification

Having a ID card with oneself sometimes tends to be risky or it will bring inconvenience to our daily lives if we lose it. However, if we get a personal electronic ID on blockchain which only the holders of the ID card can get access to the information using private key when we live in anywhere, then it will definitely get things done with a lot less fuss. In theory, we can get ourselves identified just by registering in the page and shows the information needed to others, not the whole archive, which ,to some extent, reduces the risks of information giveaway.

  1. IP protection

The advent of Internet allows people to share information, communicate instantly and more convenient. Everyone one can copy, let say, an article on one website, and re-post and share it on another forum, which is good in some way, for it make the process more efficient. However, it may not be so friendly to authors of those fantastic works. It’s easy for people to revise the author the name and write down his/her own name on the website or revise part of the content and post it as the work of their own.

Now, with the help of blockchain technology, the threat of intellectual property being stolen can be removed. The author first put works on the chain and the system will recorded the information that can not be revise on the block, which can be used as a proof of the origin of the work. Then, people would want to view the picture of listen to the music can enjoy the service through depositing money on the author’s cryptocurrency account.

To sum up, Blockchain technology’s possibility to provide unchangeable data allows people to apply it into different fields and nearly every sector that think highly of information security can applied this technology to protect their systems.

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