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Cryptocurrency

Cryptocurrency Now On Top Of The Hills, As Investment Bankers Leave Firms To Join The Crypto Space

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Cryptocurrency Now On Top Of The Hills, As Investment Bankers Leave Firms To Join Crypto

After the invention of the first Cryptocurrency (Bitcoin) in 2007 by Satoshi Nakamoto followed by other altcoins. As Cryptocurrency grows, it draws much attention especially in the area of trading (buying and selling of Cryptocurrencies) investments to be precise.

As the world develops, Cryptocurrency trading fluctuates depending on trading activities. Investment bankers are now wising up after realizing that banking is just a replaceable job.

Investment bankers have more upsides than Cryptocurrency investors. As investment bankers invest in real capital which involves a lot of risk taking, that is your success depends on the type of investment you do to deliver a higher rate of return.

Investment bankers are always finding ways and means to source deal since individuals have to go through a lot of research in other to convince people to invest in a bank in favor of their investment which might be a bit hectic. Even though financial modelling can be applied which is a skillset used by investment bankers. This is done by manipulating computers by the bankers.

Investment bankers have now seen the ugly side of their chosen field, i’m not trying to be biased. Investments banking is not just a high paying job but high pressure and high stakes job as well.

Tension all rising as bitcoin hit $5,000 for the first time in 2019 which has gained more attention and also alerted investors in general.

Bitcoin has taken the crypto market by surprise which has caused the coin bulls to jubilate and invest more. For the past few months, the value of Cryptocurrencies has been reducing indicating that the trading market is in a bear trend. Even with this, Cryptocurrency will always surprise the trading market. This is the time crypto bulls take advantage and invest more.

Cryptocurrency investors buy coins when it is cheap in other to gain profit when it values increases. This is the time to buy Cryptocurrency especially Bitcoin, XRP , Ethereum etc.

Investment bankers have realized that investing in cryptocurrencies involve less risk in terms of volatility. Whenever the price of cryptocurrencies is volatile, it is the best time to make analysis and invest since it attracts less attention.

There is speculation that BTC is 100x the price of where Bitcoin is today. Which is true. Cryptocurrency is somehow risky but the payoff is much higher than that of investment banks. professional investment bankers have taken advantage of the sudden rise in BTC by investing in some small portion of their portfolio into cryptocurrency.

Even though Cryptocurrency has unregulated space. Unlike the real bank, which is controlled by government entities and changes can be made at any point in time. which can have an effect on their investment returns.

I always advise that people should invest in Cryptocurrency when the price is low and just relax and wait for the price to skyrocket. Investment bankers are now leaving firms to join Cryptocurrency investment. Especially now that Bitcoin trading (buying and selling) is booming. All eyes on Cryptocurrency, Bitcoin to be precise.

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Cryptocurrency

40% Of Bitcoins Are Stored On Wallets With A Balance Of Over 1000 BTC

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40% Of Bitcoins Are Stored On Wallets With A Balance Of Over 1000 BTC

Over the past few years, several “warning bells” have started to sound for all Bitcoin maximalists. Seems like the decentralization of the main cryptocurrency is more like a myth and has neither part nor lot in ability-status congruence. According to some experts of the industry, 40% of all Bitcoins are stored on cryptocurrency wallets with a balance of 1000 BTC or more.

Who Controls Bitcoin?

According to data published by digital asset strategist/director at VanEck Gabor Gurbacs, there are only 3 wallets that own 100000 BTC and more and 115 that own 10000-100000 BTC. The main part of them is cryptocurrency exchanges with millions of users.

If we exclude some factors that could affect the accuracy of the results, in particular, remove wallets belonging to exchanges, we can get the following result.

The results are presented below on the chart of the Lorentz curve. A straight blue line demonstrates the complete equality in the distribution of coins, that is when each person gets an equal amount of BTC. The red curve under the line corresponds to reality – the ratio of the number of wallets to the number of all coins have already mined. As we can see, the first 25 % of the holders don’t own a few percents of Bitcoins. But the tiny part of the particularly well-to-do holders accounts for most of the existing coins.

lorenz curve

Source: trustory.io

That is the diagram indicates the “unfairness” of the cryptocurrency distribution. Although it simply indicates the difference in the social status and condition of industry participants.

In general, the Lorentz curve demonstrates income unfairness in economics. The closer the curve is to the straight line, the fairer the distribution of all the funds. Its position on the chart is controlled by social programs and tax reforms.

This statistic has been criticized by some Twitter users. BlockTower Capital co-founder Ari Paul advised experts to exclude wallets with an account balance of less than 0.01 BTC from the sample. According to him, any user can create thousands of Bitcoin addresses, which then will not be used. Therefore, these purses are supposedly not worth taking into account.

That wealth is unevenly distributed is probably a normal situation. However, as well as knowledge: the one who constantly studies new areas, the first to receive various things, which then become wealthy. The example is registering the first domains in the .com zone because their further sale brought millions of dollars to the owners! Among this one occur to sex.com or casino.com

Another example is early investors. Shares of Facebook or Amazon, bought a decade ago, were considered a completely rubbish investment, but someone believed in these companies and their business model.

To get closer to the cherished percentage of the richest Bitcoin wallets it is the proper time to buy cryptocurrency. That time we will live a life!

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Blockchain

The Future Of Publishing With Blockchain, Steemit vs. Publish0x

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The Future Of Publishing With Blockchain, Steemit vs. Publish0x

Blockchain technology has seen many projects for content creators to showcase their crafts.  The emergence of platforms such as Steemit and Publish0x provide writers with a great opportunity to showcase their skills to the world. Even better, they pay them. Wow!

At this time, I know newbies are asking themselves, Steemit or Publish0x? Worry no more; I’m here to analyze both platforms. Buckle up my friend, this road might be bumpy.

Steemit

Actually, Steemit has been in business for quite some time now. The platform has grabbed the attention of most content creators but not many have been successful over there. Well, this might be due to the fact that the quality of the content might not correspond to the amount of influence you get on Steemit. I know! This is the sad truth. As a matter of fact, low-quality content may receive more earnings compared to your high-quality masterpiece.

On the brighter side, Steemit is a global community. It is quite possible to meet fellow steemians in your local town, or even better, in the annual steemfest. Sounds amazing, right? Anywhere you go all over the world; it is possible you have some Steemit friends there.

Some other good news, it is up to you to influence your earnings on the platform. Does the mention of cash excite you?

Whilst it is not possible to influence the amount you earn, it is possible to influence and improve your earnings by staking Steem earnings. Another money-making opportunity is by investing in the voting bots. Yes, it is possible to create a steady income on Steemit.

I know what I have done here. The sound of bots is a turn off to many of us. I’m not a fan of bots either. However, the fact is that Steemit has a very high number of bots. I know it is sickening but well, we have no choice.  That’s Steemit for you in short. Let’s have a look at the other one:

Publish0x

This is a brand new one. We all love our new stuff and obsessed with them. Well, Publish0x is no different from them. Most tend to love it more and I’ll give you the reasons why. But first, in this ‘brand new baby’, users get rewarded using bounty0x tokens. Now, back to why most people love it more:

Money my people! Unlike Steemit where you have to wait for seven days to get your Steem, Publish0x pays instantly. People view your content and tip you. The more readers tip you, the more money you get. This is a monopoly free platform compared to Steemit which operates in monopolies. Moreover, the minimum withdrawal amount is 156 tokens which sound fair to me.

The good thing with publish0x is that it has a referral/ambassador system. Do you know what this means? It means Publish0x will grow at a faster rate. This is a good thing because traffic brings about more tips. More tips mean more Tokens. Practically, it is much easier to make money on publish0x than Steemit.

Another positive is that readers and writers both get rewarded. I know it sounds crazy but it’s true. But come to think of it, an author without a reader is worthless. Most importantly, readers and writers are all equally as significant.

No bots on Publish0x! It’s a bot-less platform, everyone is happy.

In Conclusion

It is interesting to see how this Publish0x platform develops. It is still in beta version but making strides. On a personal view, I think Publish0x has nice and friendly features compared to Steemit. It is only a matter of time before it bumps it.

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