9 Very Simple Things You Can Do To Save Bitcoin Cash Token
In the first edition of CRYPTO TREND we introduced Crypto Currency (CC) and answered several questions concerning this new market space. There is a lot of NEWS in the forex market every day. Below are a few highlights that provide us a glimpse of how new and exciting the forex market space is:
World’s largest futures exchange to produce a futures contract for Bitcoin
Terry Duffy, president of the Chicago Mercantile Exchange (CME) said “I believe sometime in the next week in December you’ll see our [bitcoin futures] contract out for listing. Today you cannot short bitcoin, so there’s only one way it could go. You either buy it or sell it to someone else. So you create a two-sided market, I think it certainly is much more efficient.”
CME intends to launch Bitcoin futures by the end of the year pending regulatory review. If successful, this will give investors a viable strategy to use “long” or “short” on Bitcoin. Some sellers of Exchange-Traded Funds also have filed for bitcoin ETF’s that track bitcoin futures.
These developments have the potential to permit people to spend money on the crypto currency space without owning CC’s outright, or using the services of a CC exchange. Bitcoin futures will make the digital asset more useful by allowing users and intermediaries to hedge their foreign-exchange risks.
That could raise the cryptocurrency’s adoption by merchants who wish to accept bitcoin payments but are cautious with its volatile value. Institutional investors are also used to trading regulated futures, which aren’t suffering from money-laundering worries.
CME’s move also shows that bitcoin has become too large to ignore, because the exchange seemed to eliminate crypto futures in the recent past. Bitcoin is just about all anyone is discussing at brokerages and trading firms, which have suffered amid rising but unusually placid markets.
If futures at an exchange became popular, it would be extremely difficult for just about any other exchange, like CME, to catch up, since scale and liquidity is essential in derivatives markets.
“You can’t ignore the proven fact that this is becoming a lot more of a story that will not go away,” said Duffy within an interview with CNBC. You can find “mainstream companies” that want usage of bitcoin and there’s “huge pent-up demand” from clients, he said. Duffy also thinks bringing institutional traders into the market could make bitcoin less volatile.
Japanese village to use crypto currency to improve capital for municipal revitalization
The Japanese village of Nishiawakura is researching the idea of holding an Initial Coin Offering (ICO) to improve capital for municipal revitalization. This is a very novel approach, plus they may ask for national government support or seek private investment.
Several ICO’s have had serious problems, and several investors are sceptical that any new token will have value, particularly if the ICO actually is a another joke or scam. Bitcoin certainly was no joke.
INITIAL COIN OFFERING – ( ICO )
We didn’t mention ICO in the initial edition of Crypto Trend, so let’s mention it now. Unlike a short Public Offering (IPO), in which a company has an actual service or product for sale and wants one to buy shares within their company, an ICO can be held by anyone who would like to initiate a fresh Blockchain project with the intention of fabricating a new token on their chain.
ICO’s are unregulated and many have been total shams. The best ICO can however raise a lot of cash to fund a new Blockchain project and network. It really is typical for an ICO to generate a high token price near the start and then sink back again to reality soon after.
Because an ICO is not too difficult to hold if you know the technology and have a few bucks, there were many, and today we’ve about 800 tokens in play.
Each one of these tokens have a name, they are all crypto currency, and aside from the very popular tokens, like Bitcoin, Ethereum, and Litecoin, they are dubbed alt-coins. At this time Crypto Trend does not recommend participating in an ICO, because the risks are extremely high.
As we said in Issue 1, this market is the “wild west” at this time, and we are recommending caution. Some investors and early adopters have made large profits in this market space; however, there are several who have lost a whole lot, or all. Governments are considering regulations, as they wish to know about every transaction to be able to tax them all. They all have huge debt and so are strapped for cash.
So far, the crypto currency market has avoided many government and conventional bank financial problems and pitfalls, and Blockchain technology gets the potential to solve many more problems.
Spice An excellent feature of Bitcoin is that the originators opt for finite number of coins that may ever be generated – 21 million – thus ensuring that this crypto coin can never be inflated. Governments can print just as much money (fiat currency) as they like and inflate their currency to death.
Future articles will explore specific recommendations, however, make no mistake, early buying this sector will be only for your most speculative capital, money that you can afford to lose.