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By Henry Gillett on ALTCOIN MAGAZINE

Don’t discard your private keys just yet…

3,2,1……

Recently, the cryptocurrency market has entered a strong bearish phase. Market capitalisation has dropped from a peak of US $831 billion in January 2017 to US $185 billion. In the September crash US $12 billion was wiped from the market and 97 of the top 100 cryptocurrencies showed significant decline. As the price fell, investors fled; creating a vicious cycle and a self fulfilling prophecy — almost overnight, the most promising and hyped tech became public enemy number one.

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Cryptocurrency Market Crash: September 2018

In this article I will argue that now is the right time to invest in cryptocurrency. I will reconcile the markets wanes and waxes to a typical technology adoption curve and show how we can predict future movements. I will draw upon technical indicators and relevant financial and economic theory to make my case. In conclusion, I will argue that coins and tokens are ‘on sale’, and selecting the right ones today may secure significant future financial return. …


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By Henry Gillett on ALTCOIN MAGAZINE

Coins, Tokens and Classifications

So, you’ve decided to learn about cryptocurrency. Well done! Prepare to journey down the rabbit hole and discover the potential of this truly amazing technology. With time you will begin to understand the intricacies of consensus mechanisms, blockchain types, side chains, plasma chains, valuation methods and more. However, for today, lets just focus on understanding the difference between a coin and a token and analyse the different types of available tokens in the market. Understanding these differences is truly imperative to any investment strategy and a great place to start.

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Follow me down the Rabbit Hole

Cryptocurrency Coin:

In a general sense, a cryptocurrency coin is an encrypted digital currency meant to be used as a form of payment. It represents a unit of value that is used within its own blockchain and is independent of any other platform. Its two main uses are to store value and pay for goods and services. Essentially, think of it as a digitalised currency. …


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By Henry Gillett on ALTCOIN MAGAZINE

Today is the 11th of October 2018. Cryptocurrency has existed for about 10-years and the market capitalisation has expanded to approximately $114bn USD. However, despite this expansion, pessimism continues to haunt the market, depressing the prospect of long-term sustainable growth. Crypto investors are considered fools and, in true 21st style, are undercut by the use of generalisation and ridicule.

A recent conversation with a crypto cynic captures the flavour of a common attitude:

“Crypto…
Is that a joke lol”

“No, do you know much about it?”

“All I need to know is it’s a scam and you’re an idiot if you think anything…


A decentralised & Crypto-Friendly Pay Pal?

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Introduction

AGATE is a complete set of a decentralised blockchain, aiming to provide the crypto infrastructure for everyday banking and a gateway to connect millions of developers, users and in-store or online merchants to the crypto economy. The system includes two mobile apps, an ecosystem, API Suite, plug ins, add-ons and a physical POS terminal. AGATE’s infrastructure consists of 12 different modules, which are fuelled by the native AGT token and have over ten utilisation and revenue streams. Most of these modules are either already built or have beta versions.

Purpose:
AGATE has been created to address the current problems with micro-payments in the crypto ecosystem. Currently, crypto based micro-payments are impractical due to slow blockchain settlements, a high degree of coin volatility or a limited number of available coins. High coin volatility acts as a disincentive for both in store merchant and e-commerce website adoption. …


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By Henry Gillett on ALTCOIN MAGAZINE

Technical Trading & Cryptocurrency

Our brains are conditioned to interpret the world in a particular way. When we look out the window and see a yellow flower a process is initiated. Light is reflected from the flower and into a light-sensitive retina in the back of our eye. This stimulates millions of photoreceptors to send nervous impulses to our brain, which then relays the colour — yellow. Analysing information like site, sound, smell and touch has been vital to our survival and thus, we have become exceptionally good at it.

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However, the process of analysing financial markets is not as easy for most individuals… which makes complete sense. I mean, when we were being chased by Saber Toothed Tigers millions of years ago, being able to spot technical movements in the underlying value of an asset was not important. Today, however, it is. Given we don’t have hundreds-of-thousands of years to wait for our brains to adapt we must create shortcuts to notice patterns that have, in the past, indicated specific future price movements. …


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The next big bubble is only moments away…

In 2008/9 Bitcoin came thundering into our lives, promising game-changing technology while threatening to disrupt the social structure of modern civilisation, in the form of blockchain. In its simplest sense, a blockchain is an immutable, public and decentralized set of records, linked using cryptography. These qualities offered an alternative to the current fee-based transaction validation system and threatened the viability of third party intermediaries. Banks, mortgage brokers, real-estate agents, infrastructure services and more were seen to be vulnerable. Ten years later, Bitcoin has settled at around US$6500 (a modest 812,499% gain) and the market has expanded to include over 1600 cryptocurrencies. However, is the world any different? Not really. In an ironic twist, it seems the qualities that drove blockchain’s initial publicity are preventing its mass adoption. Simply, a lack of regulation and financial controls are fuelling volatility and preventing institutional investors from entering the market. …


Blockchain 3.0,4.0,5.0?

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On the 30th of June 2018 VeChain divorced the Ethereum network as an ERC20 token and launched its own blockchain, VeChain Thor. Like most adolescents, VeChain is convinced its former childhood-home is dysfunctional and believes it can do it better. Having packed its bag’s, it has quite literally made a list of Ethereum’s inadequacies and established a road map that may well catapult it to the top of the crypto-charts. In fact, VeChains centralized control agency, “The Foundation”, stated matter-of-factly in its most recent whitepaper that “Because of [Ethereum (blockchain 2.0) and Bitcoin (blockchain 1.0)], they have been able to design a complete, holistic blockchain with the governance structure, token economics, regulatory compliance, and community ecosystem to…[become] Blockchain 3.0, 4.0, 5.0. …

About

Henry Gillett

Avid investor and strong believer in cryptocurrency.

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