September 15th, 2017
In my humble opinion...
Keep calm and buy on...
— Picolo Research (@picoloresearch) September 4, 2017
Coin of the Day
The anonymous search engine you didn't know you needed
(CRYPTO: CAT) In their introductory video, BitClave asks some important questions: "Would you sell your house or car for free? Then why do we do that with our information?". BitClave provides a new decentralized search engine that pays you, the user, for the information you provide online. Nice. Through more accurate advertising techniques, consumer profiles can be elevated to allow ads to reach people who are genuinely interested in a product - this saves everyone valuable time and money. BitClave has the opportunity to change the relationship online consumers have with brands - and it seems like it may be for the better. Check out their sleek website and whitepaper.
Did your stomach drop a little when you saw Bitcoin's price today? So did ours, and then we bought more.
Ignore your stock market-trained mind, and take a moment to reevaluate the current situation at hand: JP Morgan's CEO is on a mission to destroy crypto, China officially asked the three major exchanges to cease operation by the end of September, and the Allianz Chief Economic Advisor said that the Bitcoin price will skyrocket BUT will never be able to adopted in the mainstream. Well, that's a bummer. Let's take a moment to mourn the loss of our respect for these very wealthy, very ignorant people.
The bad news: The big daddy of crypto exchanges announced yesterday that they're shutting down. Over the course of the past week, Bitcoin value has decreased in value by 25%, and even went below the dreaded $3,000 mark. *screams internally* The good news: This isn't happening without opposition. China's leading newspaper published an article explaining that it was "neither realistic nor feasible to ban Bitcoin". For a country whose government has a tight grasp on its media, these are fighting words. Long-time crypto enthusiasts are keeping their cool, and trying to calm everyone down.
And that's how a late-comer gets a 40% discount. pic.twitter.com/RGFnwdnzYH
— Max Keiser (@maxkeiser) September 15, 2017
And now for some good news: there are a lot of big companies and governments that are very pro-crypto.
A Japanese digital services firm recently revealed plans to launch a $90 million mining venture. This involves plans to launch a cloud mining service - something that will most likely be extremely well received due to Bitcoin's status as a legal currency in Japan. The tech-forward country has an opportunity to help with Bitcoin's price rebound, especially because it was a contributing factor in ending the dip in early August.
Russia is, uh, not totally against crypto but is trying to get a clear idea of 1) how they want to legally treat digital currency (investment tool or money) and 2) how it will be integrated into society. That is, if they decide to integrate it at all.
Finally, Switzerland is still a crypto haven. A Swiss town recently decided to allow its citizens to pay their taxes in Bitcoin, and the Falcon Private Bank has a cryptocurrency asset management service that accepts Ethereum, Litecoin and Bitcoin. Let's get a round of applause for Switzerland.
Gene Simmons (yes, that Gene Simmons) is apparently a big fan of crypto. Kiss koin, anyone?
Check out this cool interactive graph that will give you some peace of mind (hint: BTC is going to the moon in November).
Want to feel a little better about yourself? Here's a comparison of Bitcoin vs tech stock performance.
Coin to buy:
It might not seem like it, but Bitcoin (BTC) is still probably the best bet as it's due for a dramatic return in a few weeks. It will one of first coins to recover after this insane dip, so stock up while supplies last.