The Best Cryptocurrency Investments For 2017

Last December I published an article on Cryptorials about the ‘best altcoin investments for 2016’. It turned out to be one of the more popular articles of the year (and potentially very profitable for anybody who read it too), so I decided to repeat it with an updated article for 2017. The only difference is that in order to broaden the scope and avoid controversy about what is and isn’t an ‘altcoin’ I have tweaked the topic, so instead of writing about the best altcoin investments I am writing about the best cryptocurrency investments.

As with my selection from last year, these are all medium to long term picks which I expect to perform well over the course of the next 12 months. They are what I would consider investments rather than short term trades. The selections were made through a combination of fundamental analysis of each network’s current and potential value, consideration of established price trends, and anticipation of future developments, releases and general market conditions and their likely impact.

It is important to note that I am not a trained financial advisor and this should not be considered financial advice. I have been involved in cryptocurrency for several years, running this blog for almost 2 years, and I am an active trader and investor who has made a good profit in the past. But I can in no way guarantee that these investments will be profitable – there is always a significant risk with and investments and especially with such volatile markets and bleeding edge technology.

Continue reading The Best Cryptocurrency Investments For 2017

The best cryptocurrency investments for 2017



Last December we published an article on Cryptorials about the ‘best altcoin investments for 2016’. It turned out to be one of the more popular articles of the year (and potentially very profitable for anybody who read it too), so I decided to repeat it with an updated article for 2017. The only difference is that in order to broaden the scope and avoid controversy about what is and isn’t an ‘altcoin’ I have tweaked the topic, so instead of writing about the best altcoin investments I am writing about the best cryptocurrency investments.

As with my selection from last year, these are all medium to long term picks which I expect to perform well over the course of the next 12 months. They are what I would consider investments rather than short term trades. The selections were made through a combination of fundamental analysis of each network’s current and potential value, consideration of established price trends, and anticipation of future developments, releases and general market conditions and their likely impact.

It is important to note that I am not a trained financial advisor and this should not be considered financial advice. I have been involved in cryptocurrency for several years, running this blog for almost 2 years, and I am an active trader and investor who has made a good profit in the past. But I can in no way guarantee that these investments will be profitable – there is always a significant risk with and investments and especially with such volatile markets and bleeding edge technology.

#1 Bitcoin!!!

OK, so this is the other reason why I decided not to make this a list of ‘altcoins’. I really think that Bitcoin may turn out to be one of the best cryptocurrency investments of 2017.

Not only do I think there is an excellent chance that the price will go over $1000 at least by the end of the year and potentially a lot higher, but crucially I think the chances of it dropping below ~$550 are relatively slim. Although some lower market cap coins and tokens may well outperform BTC as they have more room to grow, the risk reward ratio for Bitcoin is looking very nice right now, and you can always increase your profits further by holding your coins in interest bearing bitcoin accounts.

Anybody holding alternative tokens or coins needs to take this into consideration and decide whether the risk is worth it when compared to a Bitcoin value in what looks to be a robust bull trend.

#2 Zcash & Zcoin

After a great deal of hype, many people got burned with the launch of Zcash. Unrealistic expectations, and I suspect a misunderstanding on the part of many traders as to the effects of low coins supply in the early days and how this would change over time, lead to the price of Zcash coins soaring to orders of magnitude higher than a Bitcoin immediately after launch (despite an identical maximum supply), followed by a massive crash in which some people must have lost a lot of money.

But despite this, the potential of zerocoin technology is significant. There is little argument that it is the best privacy tech for blockchains, and there is a big market for enhanced privacy in cryptocurrency.

At some point the price of Zcash will bottom out, and I suspect that it will be soon. It may even happen around the $50 mark that its hovering above at the moment, as it has already bounced from this price range once. When a solid floor is established and some confidence returns to the market, I can see this one doing well.

But even more interesting from my perspective is Zcash’s little cousin Zcoin. Based on the same technology but with a slightly different approach, Zcoin is currently valued at less than 1% of Zcash. This gives plenty of room for very significant appreciation over the next year.

Without going into too much detail, the main difference is that Zcoin conceals every part of a transaction except the amount sent, whereas Zcash conceals everything. This means the privacy protection for ZCoin is not as complete, but it does reduce the risk associated with the ‘trusted set up’ which ZCash suffers from and which could allow an attacker who has compromised the set up parameters to create as many coins as they want for themselves without anybody knowing. The Zcoin team are also working on a new mining algorithm to allow mining using an ordinary CPU while at the same time combating the problem of the botnets controlled by hackers which usually end up dominating CPU mined coins.

#3 Dash

This may be a controversial choice to some people, but I really think Dash could have a great year in 2017. Although the price has fallen back somewhat from a high in mid-summer, the YTD chart still looks great for Dash, and with a big upgrade called ‘evolution’ set for release at some point in 2017 there are good reasons to be bullish.



Evolution will bring a range of new features that will make use of the second-tier ‘masternode’ network that Dash is known for to do things that coins without these masternodes cannot do. Perhaps the most significant is also the most simple in appearance: users will be able to create accounts and log in to their wallet from any device with an username and password, without sacrificing decentralization by trusting their coins to a third party wallet.

The Dash governance system, although controversial in that it is dominated by a small number of large ‘whales’ who control most of the coins, seems to me to be proving itself effective in funding both core development, broader ecosystem development, and even marketing. This funding could end up being a great help in capitalizing on any increased attention from the Evolution release, and ultimately in reaching out to more mainstream users.

#4 Maidsafecoin / Safecoin

Perhaps the most long-awaited project in cryptocurrency today, Maidsafe is a grand and ambitious project to decentralized the internet.

The maidsafecoin price has been flagging in recent months. I believe this is because investors are growing weary of the long wait and don’t want to miss out on gains from Bitcoin’s bull trend. But this may well end up making the surge when (or perhaps I should say if) it is finally released even more dramatic.

There are lots of projects now trying to decentralize content publishing and hosting, but with a development history going back to before Bitcoin was even invented (only later modified to include cryptocurrency style rewards using ‘safecoin’) Maidsafe is arguably the mother of them all.

Despite the slow progress, development is continuing and an alpha release which shows the core features but without Safecoin rewards and with no guarantee of data permanence does give one a real feeling of the potential that this project has. What’s more, the long wait is largely because the team have taken on such a massive task and are intent on making sure it works very well before releasing it (something many crytocurrency projects don’t do) so I expect the eventual release to be very exciting. I also think there is a very good chance it will happen at some point in 2017, and that if it is then it will prove to be one of the best investments of the year.

#5 Antshares

Following a successful crowdsale and release in Q3 2016, Antshares has a current marketcap of just over $7 million at the time of publishing.

In many ways it can be characterized as a Chinese take on the Ethereum network. Although I don’t expect Antshares to rival Ethereum in value, the size of the Chinese market and the considerable success that the Antshares team has had in developing partnerships in the short time since it was launched – which already include Alibaba (one of the biggest multinationals in the world) as well as several other interesting deals – makes me think that there is plenty of room to grow.

#6 Syscoin

The Syscoin project is building a decentralized marketplace, and has been under active development since 2014 despite the development team losing most of their funding to the fraud and then bankruptcy of the exchange operator which ran the escrow for their crowdsale.



In many ways the Syscoin marketplace is similar to Open Bazaar, but operating over its own blockchain. In my view, this brings significant advantages over Open Bazzar, such as the ability for users to post offers without having to keep their computer online the whole time for the offer to remain valid. Shoppers can pay using Bitcoin, or even Zcash for privacy, as well as using the native Syscoin tokens.

A big release expected early in 2017 will bring the introduction of ‘blockmarket’, a white label store front that will enable anybody to create a web-based front end to the marketplace. I can see this being a strong driver of new users and with a current marketcap of under $4 million USD a successful release and influx of new users could easily see this proving to be a really great investment. Personally, I see this as being somewhat higher risk than my other selections, as Open Bazzar has a strong brand name within the cryptocurrency community and reaching out beyond that community will be difficult (I think possible with blockmarket, but undoubtedly difficult) but I also see it has having higher potential profits if things do go well.



Bitcoin Price Prediction for 2017. 6 Major Events to Impact Bitcoin Value

 

The price of Bitcoin is difficult to predict as various factors impact the value of the digital currency. However, there are six major events that could lead to a surge in the price of Bitcoin in 2017. These include the activation of Segregated Witness, hereinafter Segwit, the  release of Lightning Network and Tumblebit, approval of Bitcoin ETFs, the financial crash and economic instability.

Segwit, Lightning, Tumblebit

Segwit, Lightning and Tumblebit are all scalability solutions initially introduced to facilitate larger amounts of transactions primarily to deal with the increasing user base and transaction volume of Bitcoin.

By far, Segwit has the highest probability of being activated due to the support from wallet platforms, startups and miners. Bitnodes, a platform build by 21 Inc., states that 39.3% of all nodes are in support of Segwit. Once Segwit reaches its activation threshold, which would require the consensus of 95% of miners, it will increase the capacity of the Bitcoin network by at least 2.1x, according to the latest research from Alex Petrov of Bitfury.

A study of Whale Panda, which featured Petrov’s research read, “The actual size of a block under Segwit depends on the kind of transactions being included, however, the figure of 1.7MB was based on the average transaction profile in January 2015. At the time of writing in November of 2016, it would be around 2.1MB.”

Lightning and Tumblebit will also scale the Bitcoin network but in methods dissimilar to Segwit. Instead of increasing the capacity of Bitcoin blocks, Lightning enables the settlement of instantaneous micropayments that are currently not possible to execute due to the settlement times of transactions.

On top of enhanced scalability, Tumblebit will provide anonymity to Bitcoin users, offering financial freedom and privacy.

The activation of these three major scalability and privacy solutions will play a vital role in increasing the value of Bitcoin as the network becomes more efficient and anonymous.

Approval of Bitcoin ETFs

Bitcoin ETFs or exchange traded funds are considered by many experts, businesses and investors as an important product that could introduce Bitcoin to the mainstream. High profile investors and traders will be able to purchase and own Bitcoin through stock markets and regulated platforms.

Currently, two Bitcoin ETFs are undergoing the approval process of the SEC. The Winklevoss Twins partnered with multi-bln dollar auditing and financial services firm State Street to help the SEC acknowledge the legitimacy of their ETF.

SolidX ETF seemed to be making great progress until it was purposely delayed by the SEC again in September. Unlike the Winklevoss Twins’ ETF, SolidX provides insurance to its investors, which could appeal to a broader range of traders and firms looking to make safe investments on Bitcoin.

Once these two Bitcoin ETFs are approved by the SEC, this would lead to mainstream adoption and investment from traditional investment firms as well as high profile traders.

Financial crash and economic instability

Global financial crash and economic instability will also lead to a surge in Bitcoin’s price. If governments and local authorities continue to impose heavy capital controls and impractical financial regulations, more individuals and businesses will seek out for alternatives like Bitcoin.

With high liquidity and transportability, Bitcoin will appeal to a wide range of users, particularly to people located in areas such as China or Venezuela that have strict cash outflow regulations.

Top British Banks Stock Up On Bitcoin For Cyber Ransoms

 

Several of London’s largest banks are stocking up on Bitcoin in order to pay off cyber criminals who threaten to bring down their critical IT systems, say IT experts. The banks are now coming to terms with the view that it is cheaper to pay off criminals than risk ferocious cyber attacks on a high scale.

According to a Guardian report, paying ransoms with Bitcoin seems the better way to go because even though senior police officers have been made aware of the practice, the police do not have the resources to deal with the significant growth in the number of cyber attacks.

Dr. Simon Moores, who is a former technology ambassador for the UK government and chair of the annual international e-Crime Congress, did not identify the banks buying up Bitcoins, but stated in the report:

“From a purely pragmatic perspective, financial institutions are now exploring the need to maintain stocks of Bitcoin in the unfortunate event that they themselves become the target of a high-intensity attack, when law enforcement perhaps might not be able to assist them at the speed with which they need to put themselves back in business.”

He added that big companies are now starting to worry that an attack is no longer an information security issue but a board, shareholder and customer confidence issue.

New model of ransom-based attacks

He predicted that the situation was becoming critical particularly as he believes that the rollout of connected smart devices will allow for the harnessing of devastating computer power that can no longer be repelled by existing IT security systems.

“What we are seeing is the weaponization of these [hacking] tools. It becomes a much broader issue than businesses ever anticipated. Once it goes above a terabit, that wipes out any protection. No current protection systems can deal with that sort of flood.”

It is estimated that there are between 7bn and 19bn devices connected to the IoT at the moment. Conservative predictions suggest an increase to up to 50bn within five years.

A new model of ransom-based attacks could be on the horizon, motivated to pay off threats for fear of infrastructure-wide customer outages, adds the director of IT at Plixer, a malware incident response company, Thomas Pore. He stated:

“An infrastructure outage, such as DoS [denial of service], against a service provider impacting both the provider and customers may prompt a quick ransom payoff to avoid unwanted customer attrition or larger financial impact.”

Kim Dotcom Explains How Megaupload 2.0 Will Take Bitcoin To The Moon

Bitcoin is coming off a rough week in the community and in the press, but you know what they say: “Thank God it’s Friday!”

Count me among the many who are looking for a much better story to stew over besides another Bitcoin theft, and Kim Dotcom comes to the rescue, just in time for the weekend.

This morning, on Twitter, Kim revealed much more about his upcoming Bitcoin-based Megaupload 2.0 release, so let’s see what’s coming for the New Year.

The launch date has been set

Today, Kim set a launch date for Megaupload 2.0 of January 20, 2017. It will come with many interesting little features like offering a white-label option, so you can tie into their hosting service while adding your own domain name for free.

Capture obscure files that aren’t on your server, but that you are linking to and want to add to your Megaupload account. For those who favor increased privacy, or even anonymity, Dotcom tweets that he has you covered.

That is great for the proletariat, but what is there for the Bitcoin lover in you? Dotcom says Megaupload additions can be linked to Bitcoin microtransactions. Think YouTube with Bitcoin as the payment modality.

If you upload files that are popular downloads, it sounds like you can earn some ‘digital gold.’ This should help Bitcoin prices more than triple after the first year, according to Kim Dotcom.

Bitcache, a potential Bitcoin wallet

Dotcom is coining a term within Megaupload 2.0 called Bitcache, a potential Bitcoin wallet for your Megaupload account.

He believes this Bitcache design is a new solution to Bitcoin’s current blockchain limitations. His tweet states that he is targeting 100,000,000 Bitcache wallets for the program.

European Union Wants to Surveil not Regulate Bitcoin

European Union Wants to Surveil not Regulate Bitcoin

 

The European Parliament’s Economic and Monetary Affairs Committee (ECON) held a public hearing on Monday, January 25th 2016 on virtual currencies and the role of regulators.

The role of virtual currencies in abetting illegal activities such as money laundering and terrorism funding was the central idea discussed during the meeting.

The ECON policy-makers took a balanced and careful consideration of the impact of virtual currencies and crypto-technologies, taking into account both the advantages and underlying risks of using the technology.

Clearing the Misconceptions

Sean Ennis, Senior Economist at OECD spoke in favor of virtual currencies. He said that while many governments may have ruled virtual currencies out because of their possible use in illegal activities, virtual currencies are more secure in many ways than paper value; the negatives of virtual currencies being much weaker than the use of cash.

He also added that the EU could learn lessons from how Britain has maintained lower regulatory requirements for peer-to-peer lending, enabling the fledgling sector to innovate and grow much faster than in the rest of Europe.

Sian Jones, founder of EDCAB said:

“Blockchain delivers trust in an otherwise trustless realm. It is the ability to provide an incontrovertible single source of truth that cannot be altered or corrupted.The potential of this trust mechanism has not been missed by the public sector or private sector.”

She also added Cryptography offers a lot of transparency and as opposed to popular beliefs it is not anonymous but pseudo-anonymous, only having the appearance of being anonymous.

Monitor not Regulate

One of the policymakers at the hearing said: “As regulators, European Union is watching carefully whether there is a need to closely regulate Bitcoin and whether it can be used to fund terrorism or money laundering. After the Paris-attacks in last november, we want to ensure that virtual currencies are not used to fund terrorism.”

Olivier Salles, a senior financial officer at European Commission of the EU said that there are risks associated with virtual currencies like price volatility, platform stability, and cyber risks like theft and hacking, and added that he was in favor of monitoring these developments instead of proposing new rules.

Jeremy Miller from Magister Advisors said on the regulation of Blockchain technology:

“They are putting in regulatory capital, they are already registered with the regulators, by and large. If the companies and the activities are already regulated, I don’t know what it means to regulate the technology”.

The public hearing was a part of the process of preparing a report of the ECON committee. It remains to be seen what recommendations will the final report propose, if any.

Expert Talks

CoinTelegraph talked to Sian Jones of EDCAB, who was one of the speakers at the public hearing for comments. She had also talked to us earlier, telling us about what to expect from this hearing.

She said:

“Interestingly, there were no regulators at yesterday’s hearing. The policy-makers on the panel and the legislators on the parliamentary committee seemed, largely, not to want to rush into legislative action and risk stifling innovation. However, the hearing is just the start of a process and we shall have to wait a few months to see what recommendations, if any, are made in the report. Of course, EDCAB will be continuing dialogue with all political groups and interested MEPs during the committee’s deliberations.”

When asked what to expect from the final report of the hearing, she added “Experience of EU institutions has taught me not to predict the outcome of reports. I think amendments to European anti-money regulations are likely. Harder to predict are systemic and consumer protection responses. The possibility of preventive measures is still a possibility. I do expect some recommendations in the final report.”

Rothschild Family Dumps U.S. Dollar For Gold & ‘Other Currencies’, Bitcoin?

 

Some believe that the global economic climate is getting worse by the day, with the collapse of Cyprus, Greece (Grexit), Argentina, Venezuela, Zimbabwe in our rearview mirror. The potential implosion of Italy, Spain, and others looking to vacate the European Union appear to be on deck.

These are trade winds, or economic tea leaves to be read. Do you believe what the mainstream media’s eyes and ears are telling you? I say get all the information, from all sides, to make an educated decision that will affect your financial future, because it looks like the future is about to get affected in a major way.

This article will drop some nuggets out of “The Information Age” you may have missed while “The Olympics” were going on, and it may help someone in the weeks and months to come.

I thought there was enough here to collect and present as noteworthy, if still merely speculative ‘bro-science’ from around the globe. Call it fear-mongering, ‘broscience,’ or conspiracy theorist junk food for the mind (I vote ‘broscience’ myself. My broscience always works out, sometimes.)

It could turn into nothing, or it could mean everything. If you plan on being around for the rest of the year, it is probably worth some attention. And yes, it could easily affect Bitcoin’s economic future, as well.

Mogul Movement

Let’s begin with the crux of the subject. The Rothschild family, currently led by Lord Jacob Rothschild, recently announced that they are moving out of the U.S. Dollar, the global reserve currency, into gold and ‘other currencies.’

Lord Jacob Rothschild explains in the semi-annual RIT Capital Partners report:

“Our significant US Dollar position has now been somewhat reduced as, following the Dollar’s rise, we saw interesting opportunities in other currencies as well as gold, the latter reflecting our concerns about monetary policy and ever declining real yields.”

Hundreds of books and conspiracy theories have been created about the Rothschild family and just how wealthy and powerful they are. With alleged connections in everything from the Bank of England to M16, to The Bilderberg Group, suffice it to say it is common knowledge that the rumored trillionaire family could buy and sell billionaire Donald J. Trump and not even notice the transaction.

So when a Rothschild says they have reduced their position in the U.S. Dollar, it is a big deal worth noting, or even taking advantage of. ‘Follow the money,’ right?

Jeff Berwick of The Dollar Vigilante surmises that the Rothschilds are looking to get ahead of the downward trend curve, and cash out before a global collapse, and use gold to pick up the pieces. I know it’s hard to imagine a bunch of banking interests colluding and timing a market exit, only to capitalize on the aftermath, but here are Berwick’s thoughts in the video below:

 

George Soros, another Trump-trampling magnate, who’s Soros Fund Management LLC is loaded with an estimated $30 billion in investment capital, is also moving in on gold. In his emailed opinion sent to the Wall Street Journal, the “continued weakness in China will exert deflationary pressure, a damaging spiral of falling wages and prices, on the US and global economies.”

Deflation, or the restriction of the money supply, can have devastating short-term effects in the fiat currency-based economy. Deflation is the solid foundation that Bitcoin is built upon due to the fact that Bitcoin is not debt-based but value-based through the solid economic principles of supply and demand.

This is truly how ‘sound money’ is created, yet this is not how national and global economics are handled anymore since the age of central banking has lead us to this point.

What point is this? The point where the world’s central banking system has tried to print their fiat currency into oblivion to get ahead of their debt crisis, and it has failed. The point where negative interest rates, which many said would never happen just 2-3 years ago, are now becoming the norm.

The point where China is hedging the bets and is looking to establish their own digital currency, while also buying and mining every piece of gold in existence. They are rumored to have as many as 10000 tons of gold. Their BFF and fellow BRICS bank member, Russia, is also bullish on gold, having tripled their holdings since 2005.

American bank runs and end of USD Global Reserve Status?

What could be the fallout of a shift to negative interest rates? Jim Willie of GoldenJackass.com states that a run on the banks could be one scenario. Since the “bail-in” concept debuted in the Cyprus collapse of 2013, and it may cost depositors money to store their fiat currency in banks going forward, why wouldn’t savers ‘cash-out?’

The real rate of inflation is closer to 5% than the stated 1-2%, so you’re losing money, anyway. Why lose 25 basis points to 1%, risk a bank “bail-in,” lose money to inflation and the opportunity costs that could await them in gold, silver, or Bitcoin? At what point will bank investors get the picture and say ‘Enough?’

This movement by the Rothschilds, Soros, and others is a clear sign of greater value in gold over the U.S. Dollar. Willie also speculates that the Chinese banking interests are negotiating with the BIS, the Bank for International Settlements, the central bank of central banks, on a revaluation of gold into a $5000 per ounce neighborhood.

According to Willie, a treaty between them could switch international contracts from a U.S. Dollar exchange to gold, which would have major ramifications on USD and gold values, further eroding the global reserve status of the U.S. Dollar, if not ending it altogether.

Gold values are already up over 25% in 2016, the first year it has shown YTY growth since 2010. Bitcoin is up over 33%, after rising over 36% in 2015, when it was the best-performing currency on the planet. is Bitcoin one of the ‘other currencies’ the Rothschild family is investing in? Most probably not, but they seem like the types that like to bet on a winning horse, and Bitcoin is out-performing gold versus the U.S. Dollar.

Now if the Rothschilds and the Soros fund know that gold will begin to replace the USD in global trade in the very near future, and they might, that would explain the move, but what ‘other currencies’ was Lord Jacob referring too? I didn’t know gold, or possibly silver, is a currency? Who uses them as currency? Bitcoin is at least a currency, and I would argue it is better money than the U.S. Dollar, which the Federal Reserve will tell you themselves is currency, not money.

Bitcoin is still on the table as an investment play until I see otherwise. Who doesn’t like 30+% returns? Much more, if the USD gets devalued?

Where does this leave us?

IMHO, something is clearly afoot in the global economic markets, and the Rothschilds would know it, and move on it, well before the markets at large. You know what they say, “Follow the money.” If, or when, the U.S. Dollar moves to its true inherent value, which is zero, as noted financial expert Robert Kiyosaki has stated before, will you be able to buy food with a gold bar? Will you be able to get a gold bar to begin with?

It is estimated that, in the U.S., less than half of a percent of American’s investment accounts have exposure to precious metals, and even less to Bitcoin. Everybody is on the same ship, counting their dollars, and watching the rigged stock markets. When that boat sinks, and it will, what will be in your (digital) wallet?

Personally, I’m expecting the unexpected this October. Between the massive ramp up of military drills and weapons testing, the ascension of Donald Trump in the Presidential election polls, the end of the economic fiscal year and Super Jubilee Year, which ties in with last year’s Shemitah, only five weeks away, and the announced movement by kings makers like George Soros and Jacob Rothschild, something big is coming, and we are being kept in the day about what it is. Too many stars are in alignment to ignore.

Now, this all may be nothing, or it could be a bunch of financial tea leaves that may lead to prosperity, or a doomsday scenario. I’m hoping nothing much comes of this, but I fear the worst. This may help someone in the weeks and months to come. At least you have some alternative information from those darned “conspiracy theorists.”

We all know what the mainstream media will tell you. ‘Trump is bad. Hillary Clinton is healthy. Watch the Olympics!’ They also told you to buy gold for the last 5 years, and it has lost value each of the last five years, so the MSM don’t seem like a sound investment resource to me.

BTW, if major players are now moving out of the U.S. Dollar, and are making a point to say so, this will lead to some level of devaluation in the markets. This will be a net boon to Bitcoin investors, worldwide, regardless, as a lower USD value will spike Bitcoin values in comparison. So what affects the USD value is important to monitor for all holders of Bitcoin.

Top 10 traits

Source: Rosland Capital LLC

During the dog days of summer, it might be wise for you to stock up on the bear market in Bitcoin, before ‘the bulls’ return from Martha’s Vineyard next month. September and October are always a bulling time of year for speculators.

Meanwhile, the financial elite are getting ready to implode the failing central banking system, while they buy gold and ‘other currencies.’ Now, not 3-4 years ago, may seem like the optimum time to make a move into Gold, Silver, and Bitcoin.

IMO, something big is coming in the near future, and the elite are getting ready for it. Go and do likewise, gents. Follow the money. Or not. Either way, consider yourself warned.

Disclaimer: Keep in mind this may be the ramblings of a Bitcoin madman, and this Op-Ed piece does not reflect the views of CoinTelegraph. Viewer discretion is advised.

Bitcoin Can Rise to $2000 in January 2017

 

A Saxo Bank ‘Outrageous Prediction For 2017’ says that the spending binge of a Donald Trump presidency could create ideal conditions for the price of Bitcoin to test $2,000 by next year, as the possibility of the US dollar skyrocketing could force emerging markets to seek alternatives.

It projects that the Trump regime’s fiscal spending binge may increase the circa $20 trillion of US national debt and potentially triple the current US budget deficit from approximately $600 bln to $1.2-1.8 trillion or some 6-10 percent of the US’s current $18.6 trillion economy.

This may cause inflation to skyrocket, forcing the federal reserve to accelerate its hikes and the USD dollar to soar, creating a domino effect in emerging markets and forcing people worldwide to look towards alternative forms of currencies and payment systems not tied to central banks.

The report adds:

“If the banking system, as well as sovereigns such as Russia and China, move to accept Bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the Blockchain’s decentralized system, an inability to dilute the finite supply of Bitcoins as well as low to no transaction costs gains more traction and acceptance globally.”

China to exceed growth expectations

On Dec. 1, China restricted the importation of gold in order to prevent capital leaving the country. The country still plans to regulate the importation of gold to avoid the Chinese yuan from leaving the country.

As a huge determinant of the eventual quasi-synchronization in price between Bitcoin and the yuan, the Chinese trading volume will correlate with the price of Bitcoin in the coming weeks even as the Chinese central bank and authorities struggle to recover the value of the yuan which has fallen 5.8 percent against the dollar already this year.

Saxo Bank notes that China is expected to exceed growth expectations in the coming years, adding that the country’s current slowdown has been predictable due to elevated investment levels of around 50 percent of GDP while total debt has swollen to an unsustainable 237 percent of GDP.

Through massive stimulus from fiscal and monetary policies, and by opening up capital markets even more, the country successfully steers a transition to consumption-intensive growth surpassing current expectations and reaching eight percent growth in 2017.

Remember Kim Dotcom?

Trump’s ascendancy will be confirmed in January – a time in which Kim Dotcom hopes to launch his Megaupload 2.0.

Saxo’s projected three-fold increase in the current price of the digital currency – currently at $760 – is similar to Dotcom’s prediction that Megaupload and its potential Bitcoin wallet Bitcache system could take the price of Bitcoin to $2000, based on the claim that the file sharing product would overcome Bitcoin’s scaling problems.

The anonymous cloud sharing, anti-surveillance, video hosting, Bitcoin-caching online service, that will serve the equivalent to the population of the Philippines (approximately 103 mln), is slated for a release in late January. Let’s hope he can pull it off.

India is ready for Bitcoin

Bitcoin’s price increased following the recent demonetization of the Indian rupee. Following this, there were suggestions that the government could be planning a ban on the importation of gold as the precious metal reached two-year highs in November. This, coupled with the growing awareness of Bitcoin in the world’s second most populated country and the Indian government’s resolve to work on Bitcoin and the Blockchain framework before 2018, could push it to a tipping point.

In its Payment and Settlement Systems in India: Vision-2018, the Reserve Bank of India notes that it will be monitoring framework for new technologies/innovations in order to “ensure that regulations keep pace with the developments in technology impacting the payment space, the global level developments in technology such as distributed ledgers, Blockchain etc. will be monitored and regulatory framework, as required, will be put in place.”

This will improve the country’s payments ecosystem, it says, which has been evolving dynamically with the advancements and innovations taking place, particularly in the area of FinTech.

In a chat with Cointelegraph, a spokesperson for Zebpay agrees that there’s been no talk of Bitcoin without the mention of India lately and this will continue for a little longer because Bitcoins are the new game changers in the era of cashless economy offering billions of Indians the ability to go cashless using digital currencies.

The spokesperson says: “We skipped the landline generation and have a modern mobile phone infrastructure. Similarly, India has the potential to skip the plastic money generation and build a modern financial infrastructure on this revolutionary technology.”

For Coinsecure CEO Mohit Kalra, India is rising to Bitcoin and 2017 seems promising for its adoption and usage.

Kalra says:

“In terms of use, we are hoping to see more merchants start accepting Bitcoin in India. Demonetization and going cashless can definitely help boost adoption rates across merchants, businesses and individuals alike!”