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
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
- Current Cryptocurrency Market
- Past Cryptocurrency Markets
- Prediction of Future Cryptocurrency Markets
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
Cryptocurrency Market Cap -In 2017, 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 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.
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
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 Cryptocurrency
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.
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What Is Blockchain For Technology? What Is Cryptocurrency Market Cap? Learn Interesting Facts That Will Lead To Better Understanding Of This Fantastic New Technology