John Jacques's Avatar
John Jacques
published in Blogs
Sep 26, 2018
What Ethereum's Co-Founder Thinks about the Future of Crypto

What Ethereum's Co-Founder Thinks about the Future of Crypto

2017 was a watershed year for cryptocurrency. Coins skyrocketed in value, leading to increased media coverage; more media coverage meant greater public recognition of (and interest in) crypto and blockchain than ever before. Optimism flourished, even as it became apparent that such a boom cycle was unsustainable. 2018 has seen the climate around cryptocurrency regain some semblance of normalcy – something that Ethereum co-founder Vitalik Buterin described in an interview with Bloomberg as a “ceiling” after the intense growth of the previous year.

According to Buterin, the so-called ceiling exists because the promotional strategy of blockchain and cryptocurrency’s nascent days – using marketing as a way to drive adoption – is reaching a “dead end,” the byproduct of increased public awareness in the wake of 2017. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once,” said Buterin. “There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Crypto markets have declined sharply from their January peak at $828 billion total market cap to $198.8 billion, according to CoinMarketCap. While that decline is certainly precipitous, current figures are still significantly higher than the roughly $17-20 billion market cap at the beginning of 2017. As a result, industry leaders are avoiding hitting the panic button in a bearish market, which early bitcoin investor Roger Ver described to Cointelegraph as “the opposite of a crash,” citing overall gains for bitcoin of 58% over the past year and 1048% in two.

Buterin seems to have a similar perspective, shrugging off the skepticism-fueling news stories behind recent price dips, like Goldman Sachs’ recent announcement that they were suspending their plans for a crypto trading desk – a popular news item in the crypto world that Goldman’s CFO, Martin Chavez, clarified there was never even a timeline for. “I honestly don’t think this stuff matters much,” said Buterin. “There’s honestly a part of me that would be happier if institutional trading of cryptocurrencies did not happen at all for another five years…if all that cryptocurrency is, is this thing that millionaires keep buying and selling to each other, then what have we really accomplished?”

As such, the impending “ceiling” does not mean a death knell for crypto. Greater awareness has enabled the theoretical next step in the evolution of both spaces, says Buterin – the use of crypto in “real applications of real economic activity.” Jehan Chu, managing partner at blockchain investment and advisory company Kenetic Capital, agrees. “There are deep reservoirs of value just waiting for the right trigger,” he told Bloomberg in a text message. Exponential growth may have created unreasonable short term expectations, but as Buterin has described, there is plenty of room for future growth in different ways.
 

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Related Tickers: GS
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.