Crypto, a bubble or a force that will change the world...
Jamie Dixon, Howard Marks, Warren Buffet, even The Wolf of Wall Street have weighed in on this. I have heard it called a lot of things but never a Teal Equity.
As we watch the price and market cap rise and rise, you may begin to doubt and think, it's too good to be true. I keep thinking to myself this is either the best kept secret in the world or Jamie Dixon et. al. are right. Is this tulip mania?, is there any hope?
Bitcoins Future
In recent weeks Bitcoin Futures have started trading on two of the biggest marketplaces in the world. CME Group began trading just this week. This adds an air of legitimacy to Bitcoin and associated Crypto and signals the next milestone of the integration of this technology into our lives.
Until today I had not read a reasoned analysis of Bitcoin. What are its strengths and weaknesses, laid out and considered by an impartial professional economist.
Bitcoin Futures
As if we didn't have enough data to play with we now have futures prices so today I headed over to cmegroup.com to look at what the market thought of Bitcoin prices for the next few months. Is it time to sell?
The chips are down
As any poker player knows it's best to keep your cards close to your chest until you have to show them. That's part of the strategy. Is this what the big guns are doing?
Mind games while working away on their strategy.
Bitcoin a Teal Equity
As I was perusing the CME Group website I came across a must read. An in depth discussion on the economic implications of Bitcoin and the role it may play as a currency. It describes Bitcoin, the technology and the possibilities in a way that I have not heard before.
Evidence, if you needed any, that the big guys are taking this stuff seriously.
Birth of the World's First 'Teal' Equity - CME Group
Let me know what you think of the article ...
Thank you for reading this. I write on Steemit about Blockchain, Cryptocurrency, Travel and lots of random topics.
Images : pixabay.com
The article was in-depth in a very theoretical sense, which shouldn't be surprising considering the author. While Erik Norland is a very respected economist in traditional financial circles, I'm betting he has less knowledge regarding cryptocurrency's than most dedicated newcomers.
Still a very good share that poses questions regarding the future of cryptocurrency markets. One thing that is missing, as I've found missing in most discussions of Bitcoin and other altcoins as bubbles is the degree of adoption. Yes Bitcoin has a $280 billion market cap, but the adoption is quite small at roughly 1% of the population. How many people have exposure to equities versus cryptocurrencies? See, we can't really compare a bear market in stocks to a bear market in cryptos currently as the latter would effect so few people. As adoption increases this will change. Mutual funds and even larger pension funds involved in cryptocurrencies will make any correction far more critical to consumer spending patterns.
The real takeaway is that we are still in the infancy of cryptocurrencies, much like 1994 in the rise of the internet era.
Crypto currency is the wave of the future! I believe in it all the way!! Have a lovely beautiful Christmas eroche😊😊❤️🎄🎄
I think Bitcoin is the prototype. The first real app to come out of the blockchain. What will change the world is the rapidly developing underlying technology and processing power as well as the people adding value to it every day by mining, trading, buying in and creating content (now with steemit). We are just at the beginning of a huge development set to disrupt a ton of industries and that's why I think it's a good idea to diversify your portfolio. The children of Bitcoin are the real ones to watch out for.
Well said, I still like Bitcoin though, it is simple and simple ideas often lead to the greatest discoveries. We often lose sight of the goal when we complicate things.
True.
Keep it clear, keep it basic unti we've figured it out.
Perhaps the journey is the goal?
nice article although this speculation is wrong that fiat currencies have no inherent value, all fiat currencies are backed by the issuing community i.e. public that they will exchange goods and services with it.
bitcoin and other crypto currencies like dash, monero, zcash does not have the backing of a community like ether or steem.
the only value bitcoin and similar currencies currently have is exchange value in a highly speculative market as majority of bitcoin transaction constitute of investment trading.
Very beautiful and very beautiful pictures@Hirosh
Thanks for reading. I am really proud of those pictures that I downloaded for the internet.
i think Wolf of wall street slvaes world community for so many years and its right time to change this bad sitution.. USD Made wars and spread poverty in each corner in the world, steal others wealth, slaved nationes, stopped Huminty from developping more..
crypto came to destroy Centralized world which is manged by the wolf of wall street.
its unfair to let banks steal our money , contorl our earnings and charge us fees.
last month I read an article by someone on steemit. he said he have been in very poor country called Cambodia, poor people there all of them coffee farmers. and they were poor and even don't have good house for living and work daily hard.
he wanted to help them and send them Btc that who got from exchanging SBD into BTC. he was able to sent bigest amount with lower fees compar with banks fees. and that was fast and anytime they need he support them. he help them to build school and gave them Budget to run this school forne year; because he believe helping in education is best help to change their sitution.
SO i like crypto and wish it will succes to give us freedom.
I think it's a force that will change the world too.
Of course bitcoin will sustain and rise more and more(within the certain period of time)...this what we see now is a game of, as you said -"big guns" ...but the eventual rise of bitcoin cannot be stopped.