Joined: 17.08.2020   
Isah Suleiman             
in Blockchain since 2019
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Blockchain application to land management is the only solution to cope with current food shortage impact in emerging countries.

https://earlycryptonews.com/current-food-shortage-impact-fieldcoins-...approach/Show more >

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Fieldcoin last presale round will start in few hours.

The world is changing at fast pace. Covid-19 is not a pause for Blockchain. On the contrary, decentralized solutions will be even more needed.
...
Many companies like Fieldcoin will succeed and emerge to build the future. It has never been a better time to join our community of Fieldcoin token holders and prepare for the next paradigm shift.

https://www.fieldcoin.io/
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Andreas Antonopoulos, a highly respected digital assets educator has identified a new way for those who are HODLing their BTC to make a passive income, Cointelegraph reports.

His solution lies in the u...se of decentralised finance (DeFi). “In a livestream Q&A on Antonopoulos’ YouTube channel on June 27, he said decentralized finance (DeFi) contracts were one way for Bitcoin (BTC) owners to generate passive income without relinquishing custody of their coins.”

In the video, Antonopoulos said that anyone holding BTC could convert them into ETH or a stablecoin, then lend those tokens to a platform where they can earn interest. However, he did add that there are some risks. He said: “Ethereum may have problems. It may have bugs. The consensus algorithm may have failures. You may have increases in the gas price, which leads to other cascade problems. And all of those things can cause you to lose some or all of your invested capital.”

He did mention other ways of making crypto holdings work for owners, but almost every method does involve relying on a custodial exchange, and these do carry the risk of theft or mismanagement.
However, HODLers do not earn dividends or interest on their investments until they finally decide to cash out, as he pointed out, and while BTC owners are always hoping the price will go up, it can also go down. Antonopoulos said the same was true for crypto day traders: “You can pull your Bitcoin out and convert it, buy 1,000 altcoins, and then watch them crash by 98%.”

Antonopoulos is not the only person in the crypto space to advocate the use of DeFi for a passive income. Cointelegraph reported in March that OKEx Director of Financial Markets Lennix Lai said: “The combination of cryptocurrency and DeFi creates an alternative way for users to earn passive interest that was not possible before.”

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https://medium.com/@lendoplatformltd/how-to-make-a-passive-income-from-your-bitcoin-3cde30b6f027
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A recent article by a Cointelegraph Markets contributor proclaimed, “Bitcoin is the ‘new’ Apple.” In it, Marcel Pechman explained how Bitcoin’s price could reach $60,000 by 2023. He wrote, “Bitcoin hangs near t...he chasm of the adoption curve, and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally.”

Pechman based his analysis on Everett Rogers’ book of 1962, Diffusion of Innovations, in which he classified consumers in the following five groups: Innovators, Early Adopters, Early Majority, Late Majority and Laggards. It is a system that has become widely used across many industries.

He looks at where Apple was positioned in 2008, when Apple’s United States smartphone penetration was stalled at about 11% and still waiting to cross the “chasm,” the gap between the “early adopter” stage and the “early majority” stages in the Rogers lexicon. To be considered a technical, Apple needed to cross this threshold. We know Apple achieved this as iPhone sales surged, “and Apple’s share price soared into the ionosphere.” Pechman believes Bitcoin could be in the same position today.

However, as Cointelegraph points out, can we even talk about Bitcoin and the iPhone in the same way: “Is BTC even a technology — like radios, PCs, and smartphones — or is it something different: unique, sui generis — i.e., in a class by itself?”

Arvind Singhal, a professor of communication at the University of Texas at El Paso told Cointelegraph that Bitcoin did indeed seem singular: “It has tremendous barriers to adoption for most individuals and operates in a space of multiple familiar currencies — and that peculiarity would greatly influence its adoption.”


More: https://medium.com/@lendoplatformltd/is-bitcoin-the-new-apple-230cf0fca133
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As Cointelegraph reports, on 29th July, in a letter to investors, Dan Morehead, the CEO of Pantera capital, stated that the USA has printed “a shocking amount of money” sine the start of the pandemic crisis. r>
He wrote, “The United States printed more money in June than in the first two centuries after its founding. Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.”

Morehead sees Bitcoin as the solution to the current financial crisis and he compared and contrasted the effects of money printing in recent months, to how the equivalent amount of currency had performed across centuries: “With that first trillion [USD printed] we defeated British imperialists, bought Alaska and the Louisiana Purchase, defeated fascism, ended the Great Depression, built the Interstate Highway System, and went to the Moon.”

He went on to say that the inflation that followed as the main reason to “get out of paper money and into Bitcoin.” According to the CEO, “there is no need for inflation-adjusted numbers [with Bitcoin] because there is no inflation/hyper-inflation.”

Morehead is not the only one concerned by the excessive printing of money. Peter Schiff noted comments by the Chair of the Federal Reserve, Jerome Powell, who said this week that the Fed was using its “full range of tools” to respond to the pandemic: printing money, keeping interest rates close to zero, and making asset purchases steady at $120 billion per month.

Schiff tweeted “The U.S. is about to experience one of the greatest inflationary periods in world history.” He then added, “Any credibility the Fed has left will be lost. Federal Reserve Notes soon won’t be worth a Continental.” (Continental paper money in the U.S. was at one time exchanged for treasury bonds at 1% of its face value.)

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https://medium.com/@lendoplatformltd/america-prints-more-dollars-9e3bbd107b4a
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Traders HODL Bitcoin
4 years ago

1 QCP

Over the last few days, Bitcoin (BTC) has rallied and breached the $10,000 point. But the issue of most interest, especially to anyone holding BTC, is that the on-chain data shows traders are not feeling pressu...red to sell, meaning the price could surge even higher.

Cointelegraph says, “Bitcoin may have only held $10,000 for a matter of hours, but according to Glassnode, an on-chain monitoring resource, this moon is not like others in 2020.”
On 26th July, Glassnode uploaded its surprising data about BTC reaching $10,000 again, but suggested that in this year, Bitcoin’s journey above this price point will be considerably different than in previous years.

“Bitcoin has passed $10,000 several times in 2020, but Glassnode’s analysis suggests that this time differs from the rest because of the Bitcoin days destroyed indicator,” Cointelegraph reports.

What are Bitcoin days?

It is a measure the value of each BTC transaction, taking into account how long it has been since the coins involved last moved. In the past, when BTC has risen above $10,000, there has been an increase in the Bitcoin days destroyed metric, “suggesting that long-term holders were using the opportunity to trade or sell.” So, far this has not been repeated in July. “In contrast to the last two times $BTC hit $10,000 USD, we haven’t seen an increase in #Bitcoin Days Destroyed today,” Glassnode said.

PayPal contributes to crypto gains

Rumours circulating in June that PayPal was going to accept crypto prompted the idea that BTC would not only reach $10,000, it might lead to it reaching $12,000 in the short term.
The altcoin sector has also received a boost with Ethereum breaking firm resistance at $280 in a move which surprised everyone even more than the Bitcoin gains, and at the time of writing on 27th July, it stood at $326.

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https://medium.com/@lendoplatformltd/traders-hodl-bitcoin-5954d6b3542f
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