The price of Bitcoin 1 year ago was around $2600. The current price of Bitcoin is over $6000. Even considering the tremendous price drop of Bitcoin from the $14,000 range, if you invested one year ago you have earned a solid return on your money.
We have seen these charts showing investments from 1 year ago and where you would be today if you had just held the coin for a year. I think we will be seeing the same kind of charts next year. The media loves to scream about the demise of Bitcoin, but we have all been here before. Remember when Steem was at 12 cents? I remember and it was not that long ago.
I think we are going to see a decoupling of Bitcoin from the rest of the market. As more institutional money pours into the market, I think the price of Bitcoin will have less and less influence over the price of altcoins.
Gitcash.io is a new tipping application for Github. The new app uses Bitcoin Cash. Github is a popular service that offers hosting for open source projects. Developers use Github to develop projects, test code, and perform bug tracking on new projects. The new app will allow developers to tip each other and even pay each other for contributions.
Bitcoin cash has been the subject of much controversy with certain factions insisting that BCH is the true Bitcoin. Bitcoin Cash is much faster than Bitcoin which makes it perfect to use on a daily basis. It is much more practical to use than Bitcoin because the fees are much lower than Bitcoin.
Google has announced a ban on all cryptocurrency advertising on their platform. The claim we are hearing is that Google wants to protect their users from possibly fraudulent ICO’s and other questionable schemes. This sudden over protective attitude seems a little odd coming from Google which allows advertising for almost anything else.
Some have even speculated that the ban has more to do with Google wanting to create their own currency and advertise it exclusively on Google. Both Google and Facebook have expressed an interest in exploring the blockchain technology.
The ban on advertising has opened up a new world for what they call “Twitter influencers”. These are Twitter personalities with large followings who constantly Tweet news and updates about specific coins. Some of these guys are quite informed and offer a real service. Many coins are now hiring these “influencers” to promote their coins. The reputable ones always disclose when they are being paid, so I don’t have any problem with that. In fact, I have found some great deals on coins in the early stages which I would have never heard of without Twitter.
One of my favorites on Twitter is @Cryptomocho This guy’s favorite line is “I have a bag”. He has a knack for finding these obscure coins that no one has ever heard of which are selling in the 2 satoshi range. In other words, anyone can afford these coins. Most of these coins are on the smaller exchanges and relatively unknown. Of course, they are not all winners, but I’ve seen enough of them do well to know to check out the ones he mentions.
Ironically, the Google Ad ban has created an almost subculture of Twitter personalities who are in essence their own ads for cryptocurrencies except these ads are much more interesting and fun!
Disclaimer: this is not financial advice
Welcome to Tasteem, another Steem Blockchain event.
Tasteem is one of the latest additions to the Steem blockchain. Tasteem looks like a high end Yelp where you can
leave restaurant reviews and food reviews. The app has been active on the Korean site, but is not yet available world wide.
Looking at the posts on the Korean site, you can see beautiful pictures of food, exotic restaurants along with reviews from Steemit users. The restaurant reviews earn Steem just like any other post.
The main site tasteem.io is still in development. Tasteem has just received a large delegation from Steemit so I think we can expect to see some great things from this site in the near future.
I have been comparing this to Yelp, but I think Tasteem has a certain elegance that Yelp lacks. I will be posting more updates on Tasteem in the near future.
New projects are being developed using the Steem Blockchain everyday. If you are like me, you may have found some of the new Steem platforms by reading Steemit. Most of these kind of posts are on the trending page, but often the projects have been around for months before we see a post about them. This means you have missed months of potentially earning Steem on a new platform.
Steem Projects is a website that features new projects on the Steem blockchain. You will find everything from sites like Dtube and Dsound to WordPress plugins, browsers,games, and just about any other type of application for Steem.
The only drawback to this site is that some of these projects are still in the beginning stages. Some are still in beta and not really available yet. For this reason I like to also go to the delegation tool at Steembottracker. This tool allows you to enter any account on Steemit and see where they are delegating power. I enter the name “Misterdelegation” which is the Steemit delegation account that has given delegations for sites like busy, Esteem, Dlive, Dtube, Dmania and many others.
As you can see below, the delegations are numerous and quite large. When a platform is being delegated a million Steem power, I tend to think that platform will be a success and is certainly worth checking out.
Finding these new platforms is especially good if you are new to Steemit and have not gained a real following yet. Many of the new platforms like Steemhunt, Steempress, Dmania and Dtube support their content providers with votes from the platform itself. These votes are for various amounts and may happen several times a day or even several times an hour. These platform votes are a great way to get started earning Steem. I find it exciting to explore all of the new platforms of Steem. I hope you will find it fun and profitable too. These are a few to check out.
The government of the city of Dubai has officially joined the blockchain revolution. The city has just issued their own cryptocurrency called Emcash. Dubai’s economic deputy director listed several reasons for the decision to embrace the blockchain technology with the introduction of their own digital currency.
Some of the benefits of cryptocurrency include lower cost, quicker transaction times, and the potential for worldwide acceptance.
The payment system for Emcash is called Emwallet. The wallet has been designed to handle transactions as small as a cup of coffee as well as larger transactions such as college tuition. All of the Emwallet transaction may be conducted on a Smartphone.
Dubai, which has always been a futuristic city, is expected to introduce more innovations during the year. The goal is to build a complete blockchain economy. As blockchain becomes a reality in more governments and major cities, we are likely to see unprecedented changes into how governments do business. The fact that the blockchain offers complete transparency could change government for the better.
Salt Lending will change the credit world as we know it. We all know how difficult it is to just hold your favorite cryprocurrency. Whether you are invested in Steem or Bitcoin, the last thing most of us want to do is cash out our coins in order to pay some mundane bill. We all know, however, that sometimes this is necessary.
Salt takes care of the liquidity problem that so many crypto investors face. Salt makes loans to consumers and uses the crypto as collateral. At the moment, Salt only deals in Bitcoin and Ethereum, but we will probably see more coins added as the market continues to grow.
Salt offered their first loans in 2017. At the moment the loans are to individuals and are usually for 36 months. The average interest rate of 12 to 20 percent seems high, but not when compared to the double digit gains you may have if you can continue to hold your investment. Salt will hold your crypto and loan you up to 60% of the value of your collateral. Some states limit the service to financial institutions while others allow individuals to participate.
At the moment the industry of issuing loans backed by cryptocurrency is quite small, but with a current crypto marketcap of 400 billion dollars,we will see more companies offering this type of service.
Salt is currently trading at $1.86
Tokenpay is taking the lead in the vertical integration of cryptocurrency into the everyday lives of consumers and investors. Tokenpay has recently acquired a stake in a Munich based WEG Bank AG in Germany. The initial stake is 9%, but this will increase to a much larger stake once the mandatory regulation requirements have been met by Tokenpay.
Tokenpay has talked about providing other banking services such as debit cards in the near future. As they make more progress in this arena, we will see the barriers of going from fiat to cryptocurrency disappear, which will be great for everyone who wants to be free of establishment banking.
Tokenpay has also made progress in the integration of merchant services. They recently partnered with Coinpayments.net which allows cryptocurrencies to be used on many large ecommerce sites.
Shopify is just one of the platforms that uses Coinpayments.net The fact that Tokenpay may now be used in thousands of Shopify stores means more and more everyday customers will be able to actually use the cryptocurrency.
Offering Tokenpay as a payment method has benefits for the merchant as well. The possibility of chargebacks is practically eliminated. The merchant fees of less than 1% are also much lower than the usual credit card fees.