| operations |
| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"portfolioglobal",<br>"permlink":"bitcoin-down-for-the-kill",<br>"title":"BITCOIN: Down For The KILL!",<br>"body":"https:\/\/www.portfoliowealthglobal.com\/wp-content\/uploads\/2018\/04\/bitcoin-flames.jpg\n\nThe difference between gold and Bitcoin couldn\u2019t be more distinct than in times like these.\n\nIn 2017,<br> our inbox was bombarded,<br> basically on a weekly basis,<br> by subscribers,<br> who bought our Bitcoin $490 alert,<br> or our Ethereum $19 publication,<br> our Dash $88 coverage,<br> or our full-blown profile on Litecoin at $43.\n\nMany of you made a killing.\n\nNow,<br> the next step is making sure that,<br> going forward,<br> you realize the rules of the game have changed for good.\n\nThe greatest speculative bubble of all time was Kuwait\u2019s Souk Al-Manakh stock bubble in the early 1980s. Kuwaitis would pay for stocks using post-dated checks. Billions of dollars\u2019 worth of unsecured checks caused the stock market to trade for ungodly prices.\n\nOil fortunes started in the 1970s in Kuwait.\n\nBy the summer of 1981,<br> an unofficial over-the-counter stock market was formed called the Souk Al-Manakh. It was a time of\u00a0indulgence and of buying Rolls-Royce cars,<br> until it imploded.\n\nThe Dutch tulip mania was another classic bubble,<br> but unlike the Kuwait stock market bubble,<br> tulip flowers were more than a mania \u2013 they reached craze level.\n\nBlockchain technology isn\u2019t a bubble,<br> nor is it in decline,<br> but in the same way that the NASDAQ boom and bust wiped out the majority of projects,<br> which IPO\u2019d in the late 90\u2019s,<br> so will countless cryptocurrencies projects and ICO\u2019s disappear soon.\n\nInvestors won\u2019t fund them anymore.\n\nThere\u2019s no doubt in my mind that,<br> as a whole,<br> cryptographic projects aren\u2019t going away,<br> nor will blockchain technology.\n\nCisco,<br> for instance,<br> is developing a blockchain patent right now,<br> which will be used globally,<br> many countries are finally drafting tax laws,<br> including EU-block countries and Asian leading zones,<br> banks are using blockchain technology,<br> from small to big,<br> data storage is beginning to become popular with the technology,<br> Intel is yet another giant,<br> which is working on a patent to reduce energy costs for mining,<br> and Audi wants to track its global distribution using blockchain \u2013 this is only the start of adoption.\n\nBut,<br> investing in a fast growing sector could be very bad for investors,<br> if the consensus is that the sector is not only on the path of fast growth,<br> but is invincible.\n\nWhen this happens,<br> prices are marked for perfection and projects can only disappoint.\n\nThis is what happened in Q4 of 2017.\n\nIt will not happen again,<br> but in terms of industry potential,<br> the surface hasn\u2019t been scratched yet.\n\nPersonally,<br> I\u2019m keeping a close eye on regulators.\n\nIt\u2019s important to understand how governments intend to push their agenda in 2018. The worst case scenario is that they outlaw Bitcoin or select cryptocurrencies,<br> in general,<br> because they launch a government-owned coin in their place. The best case scenario is few regulations,<br> aimed mostly to protect consumers,<br> letting the free market do the rest.\n\nRight now,<br> to me,<br> is a fantastic opportunity as an investor.\n\nI\u2019m scheduled to attend a number of conferences,<br> as well as meet with several management teams,<br> as now it\u2019s a buyers\u2019 market.\n\nPeople are scared,<br> which is why you need to be studying this sector immediately.\n\nFor blockchain tech to emerge as the efficient upgrade to the Internet of Things,<br> businesses need to adjust and begin shifting their respective business models to the blockchain itself.\n\nDragonchain (DRGN),<br> for example,<br> is a project our team is looking into right now. It was developed at Disney\u2019s Seattle office in 2015\/2016 before being released as open source software in late 2016.\n\nIt runs on the Ethereum blockchain,<br> and its function is to offer services that allow businesses to integrate blockchain tech.\n\nDevelopers can also build and store smart contracts with Dragonchain,<br> using the wide variety of programming languages supported \u2013 this use-case is becoming an integral part of the crypto economy.\n\nThe Dragonchain Marketplace presents businesses with the ability to access data on other companies and projects.\n\nData regarding other topics can also be accessed and exchanged using the native digital asset DRGN,<br> which means users can harness vast amounts of information that is verified and from trusted sources.\n\nThere is already a wide variety of businesses working with Dragonchain and its crowd-scaled incubator platform,<br> such as\u00a0\n\nLook Lateral \u2013 Liquid Art,<br>\u00a0\n\nSeed2You,<br>\u00a0\n\nLifeID\u00a0and\u00a0\n\nClevX.\n\nWith a platform that offers a decentralized data marketplace,<br> businesses must be able to exchange information securely.\n\nWhat Portfolio Wealth Global is that the ecosystem has five levels of consensus,<br> and security increases as the verification level for a block increases:\n\n- Business (Approval) Verification\n- Enterprise (Validation) Verification\n- Network Diversity Verification\n- External Partner (Notary) Verification\n- Public Checkpoint Verification\n\nRemember,<br> though,<br> the mania phase is gone.\n\nThe Bitcoin millionaires have made their early fortunes. Now,<br> it will take real investors and real projects to drive this industry ahead and generate billions for prudent tech experts.\n\nDemographics are favorable,<br> and the need for financial technology in the 21stcentury is certainly there.\n\nPortfolio Wealth Global is now looking into artificial intelligence as well. This sector is truly in its infancy,<br> and we intend to be 3-4 years ahead of the crowd.\n\nIt will equal investing in Bitcoin at $50 per coin \u2013 Many updates to follow.\n\n## [Released on PortfolioWealthGlobal.com 2018-04-01 (https:\/\/www.portfoliowealthglobal.com\/bitcoin-down-for-the-kill\/)",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"ethereum\",<br>\"price\",<br>\"investing\",<br>\"portfoliowealthglobal\" ,<br>\"image\":[\"https:\/\/www.portfoliowealthglobal.com\/wp-content\/uploads\/2018\/04\/bitcoin-flames.jpg\" ,<br>\"links\":[\"https:\/\/www.portfoliowealthglobal.com\/bitcoin-down-for-the-kill\/\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
|