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A Child poster for speculation

13 July 2017, bitcoin is the leading prima donna of the digital currency market. Anyhow, a big wall street bank does not impress by the crypto-storm.

James Faucette leads the Morgan Stanley’s team to hold up Bitcoin BTCUSD. +0.05% as a poster child for assumption although downplaying its potential as a valid currency.

In a report, analysts of the cryptocurrency note that online merchants’ percentage is low from last five years. This is the fact that price of the digital currency increases by 250%.

Faucette says, “The disparity between virtually no merchant acceptance and bitcoin’s rapid appreciation is striking.”

He has the responsibility for retailer’s quick appreciation in case of lack of bitcoin’s appeal, high cost with low transaction process. But unluckily, the main offender may be its rapidly growing worth.

Faucette says, “The ecosystem has focused more on value speculation rather than the foot-leather-eating work of increasing acceptance — way easier to trade speculatively than convince new merchants to accept the cryptocurrency.”

In early June, Morgan warned the cryptocurrencies to join the traditional investment tools. In this context, they need to accept the government oversight. Accordingly, it didn’t persuasive what that would demand.

Meanwhile, until the bitcoin’s regulation introduces, the discussion is over that Bitcoin is an alternative formula of monopoly money. Or, a genuine currency is expected to continue without a definitive conclusion.

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How the blockchain is changing money and business | Don Tapscott

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CFTC Chairman Says “Without Bitcoin, There’d Be No Blockchain”

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On Tuesday, during the Senate hearing on the potential cryptocurrency regulations, the chairmen of USA’s top two market regulatory agencies largely stuck to their script. The hearing was held by the Senate Committee on Urban Affairs, Housing, and Banking which affected a wide range of regulatory concerns that are linked to the blockchain and cryptocurrencies technology, including trading platforms, ICOs (initial coin offerings), derivatives and ETFs (exchange-traded funds).

Both Giancarlo and Clayton expressed concern in their statements that at this time, the cryptocurrency exchanges are delimited at the state level and not on the federal one. They both repeated that in the future at some undefined point, there’s a chance that the Congress may try to improve the ability of federal regulators to manage the spot markets.

The chairman of SEC (Securities and Exchange Commission), Jay Clayton, tried to shift the conversation back to the ICOs constantly and noted that he hasn’t seen an ICO that shouldn’t be catalogued as a security under federal regulations. The same statement he has been repeated on several past occasions as well.

CFTC Chairman

He likewise gave a perception on why the SEC has struggled against the fund sponsors attempts to list Bitcoin ETFs and explained that because retail investors are largely targeted by the ETFs and are primarily one-sided markets, rules presiding their creation need to be strict than those for futures indentures, which are supervised by the CFTC. He added that the SEC will be open for revising its stance on Bitcoin ETFs if these rules are gratified later.

Meanwhile, Chairman Giancarlo grabbed the attention of many Bitcoin fanatics with some comments that seemed to be hat tips to the community.

The very first word that he used during the Congressional hearing was “hodl” and till the end of the hearing, he continued to contradict the common misconception that the coattails of blockchain technology are purged by Bitcoin.

He told the committee that it’s really important to reminisce that there’d be no blockchain if there was no Bitcoin. Overall, the whole hearing didn’t end up as a thunderclap, however, it proved what has been already made ostensible ‘that new cryptocurrency regulations are expected to be coming to the US markets soon.’

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Circle Plans to Make $60 Million Expansion in China

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We share content, information, messages and routine life on the internet. Money should also work in the same way as for transfer of information. Secure, worldwide, free, open without any central authority and most importantly, transfer of money with fun. In that case, we have an option chinese circle on vision, that we should be able to exchange values.

The main vision is to connect the world’s largest currency zones. That is why a foundation for this purpose has been established in US and UK. The foundation will transact Euro, Dollar, Pound, and other large currencies to blockchain technology.

Customers in the UK, US, and soon in Europe can soon perform these transactions. They will be able to do transactions in a secure and freeway through Circle’s social payment app.

With the rising of this technology, Circle is going to introduce this technology to its Chinese customers.

The Circle has launched a company in China manufacturing, raising $60 Million from Chinese investors. The company is keen on expanding into world’s second largest economy. Chinese firms including Baidu, CICC Alpha, Everbright Investment, IDG Capital Partners, and Beijing-based tech investment have reportedly made the latest funds.

Allaire says, “We’re not aiming to compete with the domestic market as that would be a suicide mission given the strength of local players like Alipay and WeChat, but we can connect Chinese consumers with the euro zone and dollar markets”.

Strategy in Financing:

IDG Capital Partner, the prolific Beijing-based VC led the $60Million strategic finance.

Along with IDG, Breyer Capital and General Catalyst Partners, we have brought on a powerful syndicate of major strategic partners in China, including Baidu, CICC ALPHA, China Everbright Limited, Wanxiang, and CreditEase.

These strategic partners make it sure that they will create an open, global, and free model of social payments. That will be enabled for the consumer in China, US, UK, and also in Europe.

Circle’s China Unit:

Circle’s China unit works as the local incorporate company. Allaire says,” Circle’s China unit has not launched any product. Whereas, there are already many pending deals with banking partner and legal license to operate.”

In payment process, Circle allows payments to countries in which this technology has not launched yet. Whereas, payments have transferred in Bitcoin within few minutes via blockchain network. Once the process of payment completes, the Bitcoin transfers to the currency. Circle’s aim is to connect China trading consumers with new global means of payments.

People’s Bank of China wants to launch its own digital currency. Basically, they want to decrease the cost of traditional paper money and boost policymakers. That is why they are in support of digital revolutions like Bitcoin.

Allaire finished with: “The company now adds the support for euro-denominated payments in Spain as the first step of a broader euro rollout.”

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Bitcoin Spurs a Shortage of Graphic Card

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The increasing popularity of Bitcoin is causing a prominent shortage in the supply of graphic cards. It is considered a key component of the digital currency system over the last few years.

The chief executive of JIB group of computers, known as a leading IT retail and computer gaming chain said that the price of graphic cards is also increasing since mid of May 2017.

Graphics cards are the main part of computer systems which used for mining the cryptocurrency like Bitcoin. People who invest in Bitcoin can get revenues on their investment from Bitcoin much faster than other investments. They can get returns of their investment within only 5 to 15 months.

A mining rig is a computer system which miners use for mining cryptocurrency. According to Mr. Somyot, people think investing in a mining rig is not very risky. They use minimum six graphic cards. At a price of almost 2940 USD, for a mining rig.

In gaming markets, the margin on graphic cards has also been increasing since the 2nd quarter this year, and it is about 2-3% to 8-10%. The graphic card companies need to reserve the cards to dodge a negative impact on gamers. In the markets, the demand for the graphics cards is also at a high point.

 

 

The most commonly used graphic card for Bitcoin are NVIDIA 1060 and 1070, and AMD 570 and 580. These were in short supply and causing a 20% price hike.

According to predictions, the higher prices will remain until October.

Don Sambandaraksa is a long time Bitcoin enthusiast associated with cryptocurrency since 2013 when the price of Bitcoin was at 40 USD, he said, these days Bitcoin may no longer be efficiently mined with CPUs or even GPUs (Graphics Processing Units).

He said people have made chips that could only do Bitcoin hashes, nothing else.

Mr. Don said, 1080Ti card’s price is about 700 USD and it can get a return on investment in almost 108 days. Over a year can make 2300 USD, an annual return on investment of about 300%. He said, as more people come to buy graphic cards then the less profitable they will be. Mr. Don also said it is a sign of the crazy levels of the profitability that mining offers.

Story Credits: www.bangkokpost.com

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10 physical Bitcoins

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Digital currencies assert itself on the world’s platform. Somehow, few companies introduce some physical bitcoins. And, these physical coins have been used around for years. To appeal the consumer’s company, introduce the coins in attractive designs, precious metals with low price.

Physical coins have the limited market. In additions, coins are as conversation pieces with limited stock. Some of them don’t have the physical appearance but considered as physical because of its specifications.

Meanwhile, a limited market of the physical bitcoin is being a problem. However, supply is less than the demand, so be aware of scams while you are buying coin online.Here are some physical bitcoins.

Casascius

Mike Caldwell, a couple of years ago Caldwell start minting his coin “Casascius” a couple of years ago. Unfortunately, his product was banned due to some security issues. Whereas, sales of Casascius resume again this year with 3 listing coins with gold plated bar. Whereas, a bag of 500 Casascius costs 0.39 BTC. In addition, Caldwell sells the silver, gold plated products, aluminum promo coins.

Alitin Mint  

These coins were designed by the John B Andelin in tribute to pioneer Adam Smith and French patron saint John of Arc. Basically, Alitin mint is 2 premium coins and the third one is in process of designing.

Pure silver coins with the weight of two ounces. Whereas, each series contain the 600 coins. Adam smith’s coin shipping is with 2BTC and it priced at 2.92 BTC. While Joan of Arc coin’s cost is 1.45 BTC comes with one bitcoin.

 

 

 

Titan Bitcoin

A beautiful coin with limited stock designed in the USA. Titan Bitcoin is a type of unique coin ID and purely rooted with a  security hologram. Meanwhile, a web page reports the current value of the coin. In addition, you are able to transfer the coin’s amount anywhere in the world with the permission of its one-time redemption code.

Titan’s one gold price is $2279 , while it carries 1 troy ounce of 24-Karat gold and bitcoin. However, the one bitcoin, the titan silver costs $729 with .999 pure silver, too much expensive.

Accordingly, a company has three more coins in a triple digital territory with less price from 0.5 to 1 BTC.

 

           

Cryptmint coins

A two in one metal,  which is a wallet as well as a physical coin. Cryptmint coin pushed, inspected by the hand to make sure the flawless finish.

This .999 silver is 39 mm in diameter and one troy ounce. Whereas, the price of this silver coin is $99. While company sells copper coin at $42 also. There is an option to choose a coin with different QR design on its back. In addition, these coins are the ship without any bitcoin preloaded.

 

 

Antana coin

With 300 unique coins per batch, Antana bitcoin’s difficulty increases within 10 days of a new batch. Antana offers the coins with less price and has mint with the well sense of humor. Each batch of Antana follows a particular theme with statistic data network for a time period.

Whereas, batches of the Antana coins has different names like Goodbye Mt Gox batch, transaction malleability batch, bump and dump batch, race and ROI batch etc.

Meanwhile, these coins are sold at 0.02 to 0.04 BTC. And, full set of 20 Antana coin’s cost is 0.41 BTC. Although, they are infrequent bitcoin motif product, which means they are not physical coins with QR core and hologram.

 

Ravenbit Satoshi coin

These Satoshi coins are composed of 85% copper with 39mm diameter and 3mm thick. Whereas, the front of these coins is consisting on the outline of a person filled with the binary code that converts to Satoshi Nakamoto. In addition, the kit of Satoshi coin with two security holograms, few goodies, and pouch, cost at $25.

 

 

 

CoinedBits

like Antana coins, CoinedBits are not physical coins but relatively novelty new items. One ounce weighted coins are 38mm in diameter and 3mm thick. In addition, CoinedBits are the purely gold plating of 18-Karat. Whereas, these coins cost at $14.99 in northern America. And, for overseas its cost is $19. 99.

 

Lealana coins

A number of unfunded coins with prices from 0.042 to 0.325BTC. whereas a set of Lealana coin is cost at 0.891 BTC.

Coin that never materialized

Most of the physical bitcoin projects are on delay or defunct. Although, they are not asserting themselves and gets out from the race. In the same way, a Chinese bitcoiner introduce a coin of 24-Karat with one ounce. Unfortunately, the current status of the coin is unclear. The coin is,

 

DIY coins

There is a number of 3d printed designs and they are available at Google search, mostly on 3d marketplaces. Whereas, the issue is, some of the designs are costly. Meanwhile, by making a proper coin you can do a few plastic or semi-professional attached filament printers.

In any case, 3d printing is an alternative process to creating physical coins. Apart from the actual cost, a 3d model cost is € 8.50. whereas services are the different opportunity, but in few belongings cost of printing is less than the price of shipping.

 

 

Goodluck!

 

Tags: buy physical bitcoin, physical bitcoin for sale

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