What Is Blockchain For Technology? What Is Cryptocurrency Market Cap?

Learn What Is Blockchain For Technology? What Is Cryptocurrency Market Cap? Learn Interesting Facts That Will Lead To Better Understanding Of This Fantastic New Technology

Cryptocurrency Information

What is a Cryptocurrencymarket Cap

What is Blockchain for Technology

Cryptocurrency the new buzz word in financial markets today, Hopefully by end of this post I will leave you wanting to ask more questions about what is a cryptocurrencymarket cap. What is blockchain for in technology. You will want to comment about experiences you have had, You may want to know about other cryptocurriences than I cover here. I do hope to give you an introduction. Maybe make you aware of current market, past market and future predictions.

 

What is a Cryptocurrency Market Capitalization

Coin Market Capitalization

Sometimes also known as cryptocurrency market cap. Cryptocurrency market capitalization is a way in which the various contenders can be ranked based on size, calculated by multiplying price by the supply of the currency that is in circulation, this constitutes a mathematical technique for determining the value of a cryptocurrency

Now that is a bit of a Mouthful

What is Blockchain for Technology
What a Mouthful

 

 

 

 

 

 

 

Let’s break that Down into Easy to Understand Detail

Investor psychology also plays a role in short-term price variations, Let’s say instead of talking about crytocurrency we call it a kit kat Chocolate bar. Now if you have the exact same kit kat and you buy it for 99 cents on special It will taste no different to the $5 kit Kat you buy at the local show grounds.

Why Do Prices Fluctuate?

Prices fluctuate for a variety of reasons. Government actions play a part. New stories, tweets and other social media both favorable and unfavorable can sometimes create dramatic effects in price. When people feel optimistic, they talk to their friends and relatives about their investments, This can sometimes cause Hype.

What is a Cryptocurrency Market Cap

Cryptocurrency Market Cap = Total Current Coins multiplied by Current Price

What is a Cryptocurrencymarket Cap
Simplified

 

 

 

 

 

 

 

Current Cryptocurrency Market
Past Cryptocurrency Markets
Prediction of Future Cryptocurrency Markets
What is a Cryptocurrencymarket Cap
2018 Market Graph

 

 

 

 

 

 

 

 

 

 

 

 

What is a Cryptocurrencymarket Cap – Current Cryptocurrency Market

With some highs more than 820 Billion dollars in first week of 2018. The current market cap leaves a lot of investors confused. The Bulls mostly believe now December 2018 is the ideal time to invest in this market. The price less than a quarter of it’s high price earlier in the year. 140 Billion Dollars as of 29/11/2018. The Bears however will tell you the market is dead and dying a sell and cut your losses.

What is a Cryptocurrencymarket Cap – Past Cryptocurrency Markets

What is a Cryptocurrencymarket Cap
2017 Market Graph

 

What is a Cryptocurrencymarket Cap -In 2017, it was a very Different Story

Starting the year about 18 Billion Dollars on the 1st January 2017 it easy to see how some people were new millionaires by the end of 2018. I personally had a 400% profit using crytocurrency mining. Unfortunately being on a disability with a family to raise left very little money for me to invest. 570 Billion market cap approx December 31, 2017.

It still was nice getting nice Christmas presents for everyone. Nice leather and carved wooden leather lounge. Something we would not of bought otherwise. Some people were making 100X plus on their investments in 2017.

What is a Cryptocurrencymarket Cap – Prediction of Future Cryptocurrency Markets

This is a highly controversial topic both in and outside the crypto scene. Some people saying 2019 will show the biggest growth in history. Others saying that it might not even exist by end of the 2019. Please leave your comments regarding this below. I and I am sure other people would love to here what you think.

 

What is Blockchain for Technology?

The Blockchain Behind Bitcoin Is A Public Ledger

The blockchain behind bitcoin is a public ledger of every transaction that has taken place. It cannot be tampered with or changed retrospectively. A cryptocurrency refers to a digital coin that runs on a blockchain. Technology they say make bitcoin transactions secure and safer than current systems.

What is Blockchain for Technology
What is Blockchain for Technology

Blockchain Technology is so Useful

  • Blockchain technology is so useful
  • As a natter of fact it represents an innovation in information registration and distribution
  • Eliminates the need for a trusted party to facilitate a digital transfer.
  • Transactions are broadcast, and every node is creating their own updated version of events.
  • Bitcoin’s creator Satoshi Nakamoto’s idea is so useful, for example
  • It is an orchestration of three technologies (the Internet, private key cryptography and a protocol governing incentivization)

Private Key Cryptography

Blockchain technology’s private key cryptography provides a powerful ownership tool this fulfills all the authentication requirements. People using blockchain are spared from sharing more personal information. A distributed network reduces the risk of centralized corruption or failure.

Blockchain Technology and Market Capitalization

Often described as the backbone for a transaction layer for the Internet, Everyone from governments to IT firms to banks is seeking to build this transaction layer. Cryptocurrency market capitalization provides no information regarding the future direction the price will take. Bitcoin’s large market cap provides no immunity against price drops.

What are my Thoughts

Very Bullish Long Term

Blockchain
I love XRP, ELA and Revain

Personally Been Watching The Cryptocurrency Market

  • I have learn’t how to do understand the market charts a lot better.
  • Really like XRP,ELA and Revain as my favorite alt coins, but that is a topic for another post.
  • I think 2019 will definitely be a make or break year for a lot of cyrptocurrencies and for that matter the stock exchange.
  • As the stock exchange has seen steady growth for a really long time.
  • A lot of people believe the bubble will pop soon for instance

What I like to think will happen with What is a Cryptocurrencymarket Cap

I really believe in blockchain as a technology and find it really hard to believe some predictions cryptocurrencies will crash to nothing. The technology behind it is really impressive and useful. If a major stock crash does happen, I would like to think long term a lot of people will switch their investment portfolios to include cryptocurrency as a large part of their investments to try minimize huge loss’s. If this does actually happen the price of a lot of crptocurrencies will sky rocket.

What is Blockchain for Technology
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Related Post To Show How To Get Started In Cryptocurrency

What Is Blockchain For Technology? What Is Cryptocurrency Market Cap? Learn Interesting Facts That Will Lead To Better Understanding Of This Fantastic New Technology

10 thoughts on “What Is Blockchain For Technology? What Is Cryptocurrency Market Cap?

  1. What are the pros and cons of cryptocurrency? I need more info about it, very new to the subject and from your article I can see that there is growth, but is this growth just from online? or from at store purchases? or both? Very interesting, I will have to look further into this. Your advice is always welcome!

    1. Hey great question Alisha,

      When I started I was full of questions too, I am planning on doing a lot more posts in the future so subscribe if you want to stay informed.

      One obvious Pro is the security of this technology. This technology is solving real world problems all the time.  There are many different cryptocurrencies today so there is no short answer to your question unfortunately.

      Some companies are already using this technology for transactions Xrapid for example is being used for international transactions at a fraction the traditional costs and at speeds not imagined in the past.

      Hope this helps you

  2. Hello Sam

    Thanks for this information on Cryptocurrency. You mentioned that you do long term trading with Crypto. There has been a lot off controversy with Cyrpto. Bitcoin went up a lot and then crashed. Still around however. The biggest opponents for Crypto are the Banks and governments which will do their best to work against it as blockchain technology cannot be traced. Do you offer trading methods on Cyrpto ? Would be helpful to understand  how to trade crypto. Let me know if you plan to write more content on trading cryptos. Cheers Jake

    1. I will be doing more posts in regards to cryptocurrencies in the future so stay posted I suggest you subscribe so you don’t miss out on any future posts as you are obviously as interested about this market as I am

      Well you may or may not know but one company Ripple, is using XRP very closely with banks.  I find this very exciting as it will be a win for banks and consumers and cryptocurrency.  This may only help XRP but from what I have seen in markets is a lot of news seems to effect the industry in general.

      I not sure this is a good or a bad thing, but it is an observation I have seen a few times.  On my post 

      Do Things Differently – Top One Percent – Intelligence Starts with Action

      I include the exchanges I currently use.

  3. Thanks for the information.  I am sure many people have cryptocurrency questions. 

    I spent a couple of years trying to figure out the stock market.  For a beginner, did pretty well, as I invested in marijuana stocks early on and quadrupled my money.  I, too, wish I had had more to invest!  However, I was lucky, because I did okay, in spite of my ignorance.

    Right now I’ve pared my stocks down to not many, but the one thing I have kept are blockchain stocks.  I really feel we will see a much more extensive use of this technology.  Everyone wants to keep their data safe.  It is only a matter of time.  So, maybe a couple of years from now my blockchain stocks will be worth something.

    I appreciate your addressing this issue.  By the way, on my computer, your images do not show up.  Do you have any idea why?

    1. I not had the issue myself with imaging but thank you for letting me know, I have contacted site support and they asked me to check again.  If you still having issues please let me know so I can inform site support. as far as I know they have fixed the issue though.  

      Long term I pretty sure you have a good investment.  I would do due diligence for any investment.  If you need help with any particular cryptocurrency let me know. I may do a review on it if I feel it a coin or token worth following.

  4. Interesting post. I personally believe in the use of blockchain technology but I’m not very bullish on cryptocurrency. Blockchain is very good for out future in terms of storing data and other uses. While cryptocurrency does have its own uses, more secure and usability for private transactions, I believe there are way too many problems right now with government regulations and some countries banning it. I think eventually cryptocurrency will become less volatile and climb slowly.

    1. I totally agree with you Kevin,

      My personal stance is bullish long term.  You are 100% right short term.  I am currently watching the market quite closely and I am waiting to see what happens with governments around the world.  I do see a lot of positive news articles. 

      Companies like Ripple will in my opinion probably help some cryptocurrencies like XRP separate a little from the overall market in a very positive way. They are actually working together with a lot of banks already in negotiations about fixing real world issues.

      I would say a lot of cryptocurrencies will fail long term due to the fact they were created with no real value.  But is a lot like revain  and XRP and many more that have real value.

  5. I really like this post, cryptocurrency is the digital currency of the new world and the future. I can’t foresee any total crash anytime soon so crypto cap will still be on the high. Blockchain is taking over every where and is advisable to utilize investment wisely. My question is what are the indicators of a bull and bear market? because I know it has an influence on crypto cap. 

    1. Thank you,

      Great question,  I will be posting articles about the answer in a more explained post in the future, but for now it is a little difficult to explain briefly as indicators are just that straight off the bat indicators.

      They can help make an informed decision, but any market in today’s volatile world is subject to change at any time due to so many factors. You just have to look at the stock market crashes of the past to see how fortunes are made and lost.

      I like the ichimoku cloud indicator set at 30 60 120 30 in the settings. The time I change depending if I looking for short or long term gains.  

      You will see a blue and red line. when the blue goes from bottom of red to above it normally indicator a bull sign and when the blue goes from on top to below the red line it normally indicates a bear trend.  This together with the Relevant Strength Indicator gives you a good idea what can happen. When RSI is above 70% a downward trend is likely and when it below 30% an upward trend is likely.

      Hope this helps

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