Cryptocurrency Market Heatmap

Russian Authorities Agree To Regulate Cryptocurrency Market

Just a quick heads up that the Ethereum network will experience a planned hard fork at some point early tomorrow A few of you have emailed me with questions about what you need to do to prepare, and the short answer is that no action is immediately necessary if you’re primarily worried about the continued operation of your miners. While their blocktimes do not really make much difference, anything below 2.5 minutes is good enough, and anything below 30 seconds is worth looking at. Special technical differences make or break an altcoin, and can really shine when they add sufficient value ontop of Bitcoin; you can see much interest in Anti-ASIC coins, Layers, 2nd generation POS coins, and (less so) Multi-Algorithm coins.

While, I’m not a big fan of the nanny-state accredited investor rules of the SEC that let’s only rich people invest as they see fit, nor of the pattern day trader ” rule that requires to you to have $25,000 minimum in order to day trade the traditional markets (which, by the way, does not apply to crypto markets…yet), there is some merit to the rules.

Due to the number of cryptocurrencies often with no practical utility saturating the market, alternative cryptocurrencies can find it hard to gain any sort of ground in an already diluted market.Bitcoin stood out as the first with good development, Litecoin stood out as a ‘silver to Bitcoin gold’ coin, Peercoin used an innovative POW and POS (proof of stake) combination.

The bottom line is, due to its unregulated nature, the whiplash reaction of bitcoin’s value to any announcements by government authorities is something that potential investors should give serious thought to. God forbid, should any large economy ban bitcoin, the price will collapse and likely struggle to recover.

Cryptsy is a platform not only for Bitcoins, but also the variants which are collectively called altcoins The exchange provides services to trade more than 200 different types of cryptocurrencies currently, including the names like Litecoin, Dogecoin , MazaCoin , Peercoin and so on. The exchange is headquartered in Florida and is a FinCEN registered MSB (Money Services Business); it will be beta tested in the near future.

From the perspective of businesses and merchants, cryptocurrencies offer low transaction fees and lower volatility risk resulting from nearly instantaneous settlement, and they eliminate the possibility of chargebacks (the demand by a credit card provider that a retailer make good on the loss of a fraudulent or disputed transaction).

With this in mind, this is where the liquidity of an altcoin also comes into play; the higher the trade volume of an altcoin, the lower the spreads, and the more likely you will be able to make some profitable trades from it. In general, the trade volume is a good indicator of, and is proportional to the popularity of the altcoin at the current time.

Despite the general positive trend in total cryptocurrency market capitalization growth for the entire year to date, and specifically in Q3, it will take time (most likely until the end of October) for it to gradually stabilize and regain its former growth rates, which slowed because of the events in China and South Korea (the ban on ICOs and cryptocurrency exchanges).

While Bitcoin may well continue to have the largest market cap amongst the cryptocurrencies, as is the case with any asset class, miners and coin investors alike will be looking for value in the market and how the playing field is likely to expand in the years ahead, which could see other cryptocurrencies capture some of Bitcoin’s allure.

While critics including economist Paul Krugman and Warren Buffet have called Bitcoin evil ” and a mirage ,” others, such as venture capitalist Marc Andreessen, tout them as the next internet” For every person declaring that cryptocurrencies are in a bubble, there’s another insisting that they are the next wave of the democratization of finance At their simplest, they are merely the newest fintech fad; yet at the most complex level, they’re a revolutionary technology challenging the political, economic, and social underpinnings of society.

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