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Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble bursts, according to CNBC.

Boockvar sees a possible 70 to 90 percent price drop for Bitcoin this year, saying

Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000

When asked if the stock market would crash in the event of a significant fall in Bitcoin’s price, Boockvar said that any corresponding drop would just be psychological, because Bitcoin is “not something that really is that relevant in a 19 trillion dollar economy

However, he adds that people in South Korea, Japan, and the US who have been taking on credit card debt in order to invest in cryptocurrency will be hit hard

Boockvar told CNBC that the boom in crypto markets can be attributed to easy-money policies of central banks and money printing. These moves make some cryptocurrencies, like Bitcoin, more attractive to investors, due to the fact that they are both finite and safe from debasement and inflation

People have long questioned whether Bitcoin fits the mold of a traditional “bubble.” Yale economist Robert Shiller, who won a Nobel prize for his work on financial bubbles, used Bitcoin as an example of a bubble in September 2017. However, in January 2018, Shiller then said that he didn’t know what to make of Bitcoin, adding that it could be around for another 100 years.

BTC is trading at around $11,820 at press time, down about 1.52 percent over a 24 hour period.

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OneCoin offices were raided and its servers seized in Sofia, Bulgaria, on Jan. 17 and 18, as yet another step in a series of international raids and court cases against the highly-controversial altcoin. Although the servers were shut down, OneCoin currently remains operational.

The raid took place at the request of the prosecutor’s office in Bielefeld, Germany, and was carried out by representatives of the Bulgarian law enforcement as well as European Union crime fighting units. OneCoin’s founder, Ruja Ignatova, is Bulgarian-born but has German citizenship

OneCoin, which promotes itself as a “centralized model [that] protects its members' safety and ensures compliance on AML [anti-money laundering],” does not fit the definition of a cryptocurrency, for it is not decentralized, does not run on open-source software, and does not have a public ledger

The documents and servers were seized from “One Network Services” EOOD, a Bulgarian company
serving as a representative and distributor of OneCoin, as well as 14 other companies. 50 witnesses were questioned during the raid, but no arrests have yet been made

The company is registered officially in the United Arab Emirates as “OneCoin Ltd.,but according
to the Bulgarian police report, the company operates through

Hundreds of affiliated companies on 4 continents  [which] are being investigated in England, Ireland,
Italy, the United States, Canada, Ukraine, Lithuania, Latvia, Estonia and many other countries

A OneCoin representative faced charges of fraud in Kazakhstan in May 2017, and in India,
police had arrested 23 people in connection with OneCoin’s pyramid scheme by July 2017

More recently, in August 2017, the Italian Antitrust and Consumer Protection Authority (AGCM)
branded OneCoin a Ponzi scheme and fined them 2.5 mln euros, the first financial fine on the company


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News / Bitcoin Laundering Less Than One Percent of All Transactions
« on: January 21, 2018, 05:11:27 pm »
https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy83MmE0MmVhM2ZmOWMzOWVmMGFkYjYzMDE1OWViNzZkZi5qcGc=.jpg
A recent report from the joint Bitcoin analysis team of FDD and Ellicit, a Bitcoin forensics company, indicates that less than one percent of all Bitcoin transactions involve money laundering.
The report, written to help analyze the flow of funds and the danger of money laundering, has indicated that money laundering isn’t nearly the problem some critics of cryptocurrency believe. The report states:
The amount of observed Bitcoin laundering [is] small and darknet marketplaces such as Silk Road and, later, AlphaBay are [generally] the source of almost all of the illicit Bitcoins laundered through conversion services
The report also indicates that the vast majority of illicit transactions using Bitcoin were processed in Europe, receiving more than five times as many illicit transactions as North America
                                                                       AML processes must improve
The report suggests that the best way to combat such illicit activity is through more stringent anti-money laundering (AML) measures. The report states that the only way to manage the illicit transaction is for “Financial authorities in all jurisdictions [to] increase AML enforcement.

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Bahasa Indonesia (Indonesian) / Re: Salam Para Crypto Fans
« on: January 21, 2018, 04:59:03 pm »
salam untuk semua

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English / Re: New Bounty Possibilities
« on: January 21, 2018, 04:28:18 pm »
Oh, this is fantastic, members forum. A nice way to get news on various topics from people all over the country. Loving Jus Naturale right now. All the best
From which country are you from?

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News / Keep Calm And Hodl? CNBC Guest Tells Bitcoin Critic to ‘Piss Off
« on: January 21, 2018, 10:35:56 am »

The mainstream media debate over Bitcoin as a success or failure approached live comedy this week after a “brawl” broke out between guests on a CNBC panel
In an exchange which ended an edition of the network’s increasingly notorious Fast Money segment, regular contributor and RiskReversal.com editor Dan Nathan told Evercore ISI technician Rich Ross to “go piss off” after he criticized Bitcoin’s performance
Ross had previously maintained that Bitcoin was a poor investment choice in the past few months due to its near-50% fall this week. Traditional stock investments, on the other hand, had allegedly fared better, with Ross giving the example of Boeing’s 200% gains since 2016
As Zerohedge notes, reproducing the unedited version of the exchange, Ross had failed to note Bitcoin’s annual gains of over 1000% in 2017 alone. Nathan labeled him “glib” to deride it
You’ve been wrong, so don’t say that I’m glib,” Ross retorted before Nathan weighed in with the fateful remark
You don't know what I've done, you don't know what my call is, so go piss off, seriously
The episode continues Fast Money’s somewhat bizarre approach to Bitcoin reporting. In December, the segment made headlines for suddenly switching allegiances to become extremely bullish on altcoin Bitcoin Cash.
At the time, its dedicated Twitter account began publishing material which strongly criticized Bitcoin, telling respondents to “deal with” the rise of Bitcoin Cash instead.
That style of content has since not made a return.

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News / Bitcoin Under Increasing Scrutiny on Island of Bali
« on: January 21, 2018, 10:33:22 am »
https://cointelegraph.com/images/725_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jN2U3NmZmMWUzZDE3ZTZiZDJkNmY4MTQ2ZDE0YjY4OS5qcGc=.jpg
Bitcoin is under heavy surveillance on Bali, an island in the Indonesian archipelago, according to local reports. Central Bank officials are seeking to crack down on the use of the cryptocurrency anywhere in the nation. Causa Iman Karana, head of Bank Indonesia's representative office in Bali said
We found out from some postings on social media that Bali appeared to have become a haven for Bitcoin transactions. The next step is we will ban them as mandated by the law. We ask them not to use it anymore. Along with the Directorate of Special Crime Investigation unit, we will enforce the rule that all transactions in Indonesia must use rupiah
The country had previously been reported as having significant local adoption of Bitcoin usage, but recent reports indicate that the government is trying to curtail the use of digital currencies. The risk of money laundering and criminal activity has led to the increased scrutiny
The harsh rhetoric against Bitcoin and other cryptocurrencies falls more in line with the Chinese and potential South Korean bans than the more lenient Australian position.

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Outbound trips worldwide had grown by 3.9 percent in the first eight months of 2017, according to the ITB World Travel Trends Report. With low-cost airlines, more people, especially in Asia, are taking trips and enjoying travel. However, not all is well with the travel industry

The travel landscape is dominated by a clutch of companies, which has led to a sort of cartelisation that is serving no benefit either to the travel industry itself or the people it should be serving. The end users of the services associated with travel industry rarely seem to get any advantage from the supposedly highly competitive industry. While there may be a plethora of options to choose from when booking trips online, there is no real choice as Nasdaq points out, “Almost three-fourths of the consumers in the US. are unaware of the fact that they are essentially comparing travel booking options between two companies which own numerous affiliates. While Expedia currently owns around 75 percent of the US online travel market through sites such as Trivago, Travelocity, Hotwire, Hotels.com, Egencia, CarRentals.com, Classic Vacations, etc., Priceline owns most of the remaining market through its websites like  Kayak, Booking.com, Agoda, Rentalcars.com, etc. The Association (American Hotel & Lodging Association (AHLA)) claims that together these two OTAs own around 95 percent of the online travel market in the US
If travelers are to get a real choice, they will need the industry to innovate and evolve new ways of product distribution. Winding Tree is building a new decentralized, open-source travel distribution platform that aims to serve the needs both of the traveling public as well as the suppliers of travel products. The platform would involve no centralized control which means that there won’t be many intermediaries to escalate prices. It would also have no barriers for entry so that finally smaller businesses in the industry can have an equal footing with the big boys
                                                                   Travel should be about freedom
Winding tree’s platform has a multi-faceted approach for rehauling the travel industry. It will allow distribution of inventory directly to points of sale eliminating costly intermediaries and bottlenecks. It also will lead to more choice for the retailers as they would be able to source products from all the suppliers that exist on Winding Tree without having to worry about markup fee. As a democratic platform, the governance model would allow anyone to propose changes, which would put everyone on the same footing. The Winding Tree foundation will ensure that travel becomes something that everyone will enjoy. Finally and most importantly customers would be able to benefit from all these facets that will transform the travel industry and will be able to use Lif tokens on the platform to pay for their travel
                                                                      Lif at the heart of Winding Tree      
The Lif token is at the heart of the Winding Tree platform. The token would be useful to conduct transactions and also help users of the platform to participate in the governance of the platform. Winding Tree is holding a Token Generation Event starting Feb. 1, 2018. The pricing has been kept in the range of 1,000-900 Lif for one ETH (Ethereum). The fundraiser for Winding Tree would continue uncapped for a period of two weeks. It is expected that the price of Lif would rise after the first week. Lif tokens would be distributed over seven days after the fundraiser ends. There is no cap on the amount of tokens and it will be decided by the markets how many Lif are generated. Excess funds (over $10 mln)  that are collected would be stored in a Market Validation Mechanism (MVM). This will allow participants in the sale to withdraw a part of their contribution by sending their Lifs to the MVM. More information on the ICO can be found on the Winding Tree website including details on how to participate. Additionally, a white paper has also been released by the platform as well as a one-pager that gives details on the project and its dynamics. 
                                                                                       Big-name partners
Winding Tree has been named one of the most promising ICOs of early 2018 by the Merkle. They featured the MVM as one of the highlights and write, “The public sale will take place beginning Feb. 1. There is a soft cap of $10 mln, and excess funds will be placed in a smart contract that will allow token holders to sell back their tokens at ICO rates. If under $5 mln is raised, investors will be reimbursed and the tokens will not be created. 75 percent of the total supply is to be distributed through the ICO.” Additionally, the Merkle was also appreciative of the fact that their efforts have the potential to change the nature of the travel industry itself. That the project has managed to get established travel industry titans as partners is something that definitely works in favor of the Winding Tree. Currently, they have onboard Lufthansa, Swiss, Air New Zealand, Austrian, Brussels airlines and Eurowings. Nordic Choice Hotels, one of the biggest hotel chains in Scandinavia with approximately 190 hotels in Scandinavia and the Baltic region too has partnered with Winding Tree.
Interestingly, the tiny island country of Aruba in the Caribbean is going to be one of the first proving grounds for the project. In order to prevent the island’s crucial tourist revenue from flowing abroad due to a select few Online Travel Agencies (OTAs), the ATECH foundation, which is responsible for Aruba’s technical development has partnered with Winding Tree so that tourists can pair up directly with sellers of travel products
Winding Tree would be one of those projects that would definitely be worth watching for as the year unfolds. Using Blockchain to tackle one of the most tightly knit industries could unleash a disruption that could be a game changer for all the stakeholders

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English / Re: The first NGO with blockchain-based membership
« on: January 20, 2018, 04:00:27 pm »
I'm sure this company will succeed.

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News / Bitcoin Backing Firms Feel Crypto Crash Pinch
« on: January 20, 2018, 03:56:58 pm »

With Bitcoin shedding 50 percent of its value in little under a month, those firms who vocally rode the wave on the up are now feeling the terrify drop in terms of loss of their own market value.

Companies such as Overstock, which has some of its fortunes locked up in the digital currency, as well as Square Payments, which announced plans to allow for some Bitcoin buying and selling, have been hit hard by this crash.
                                                                       Taking a beating
While the numbers being tracked by these Bitcoin-backing firms are nothing compared to the actual losses being suffered by the cryptocurrencies, they are directly correlated
Square showed a loss of five percent or $90 mln, this week as the company which is led by Twitter’s CEO Jack Dorsey ended with a value of $15.1 bln.
Overstock, a longtime supporter of Bitcoin going back to 2014, fell 11 percent ending with a value of $1.8 bln thanks to the roughly $200 mln loss.

This latest drop in the crypto market has been put down to the uncertainty emanating from Korea with their apparent bank of cryptocurrencies on the cards. This pressure from regulators also adds teeth to the fears in dealing with cryptocurrencies in major firms.
                                                                                        Renaming regrets
There are also instances where companies who have tried to jump on the Bitcoin and Blockchain bandwagon have found that the wagon is currently in the shop for repairs.
A number of firms have changed their focus, tact or simply their name, to profit from the hype and mania around cryptocurrencies. However, the other, ugly, side to this ecosystem is the violent volatility that needs to be stomached.
Kodak, perhaps better known for their cameras, fell eight percent. The company has announced plans to offer a cryptocurrency known as KodakCoin at the end of the month, initially sending shares up 60 percent on the day of the announcement.

Shares of Riot Blockchain, once a biotech firm dubbed Bioptix, shed 17 percent Tuesday, even shares of Long Blockchain, once Long Island Iced Tea, shed two percent.
                                                                          Lessons up for grabs

While the future, as it always is, is uncertain for the crypto ecosystem, there are lessons to be learned in this latest Bitcoin ‘death.’ Bitcoin has been dead and buried countless times as its volatile nature is too much for some to take, sending them fleeing.
However, it has shown stronger and stronger resistance and ability to bounce back over the years and the crashes. Something that companies that are facing unprecedented dips will need to be aware of
Bitcoin believer Max Keiser explains these movements in a graph he tweeted


12

Co-founder and Fundstat strategist Tom Lee predicted that Bitcoin (BTC) will hit $25,000 by the end of this year in an interview with CNBC today, Jan. 18. Lee had previously forecasted that BTC would only reach this mark by 2022
The Wall Street strategist told CNBC today that now by 2022 he sees BTC hitting the $125,000 mark.
Lee’s prediction comes after a very volatile week in the crypto market, with BTC hitting below $10,000, dipping even lower than it did during the market crash Dec. 22. Just days before the December crash, Bitcoin had hit an all-time high over $20,000.
Lee predicts that $9,000, or just below the lows seen this week, will be the price floor for BTC this year. He sees another market dip as an opportunity for investors
We expect bitcoin's major low to be $9,000, and we would be aggressive buyers around that level [...] We view this $9,000 as the biggest buying opportunity in 2018

Lee also offered predictions for several altcoins, forecasting that Ethereum and Ethereum Classic would see about 90 percent growth by the end of the year, and NEO 50 percent.
Today, the crypto market began its bounce back, with BTC up almost 15 percent and the top 20 altcoins up as much as 70 percent in the 24 hours to press time.

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News / New Debit Card Helps to Unlock Your Digital Currency
« on: January 20, 2018, 03:06:07 pm »

The common question you hear from any doubter of digital currencies and their future in our world is “what is the use case?” Often, people look at Bitcoin and see its shortcomings as a medium of transfer, and use that as their justification for being short digital currencies. Spending Bitcoin or any other digital currency is not currently all that easy. It takes time to convert back into fiat currency, and there is often a large fee
A Singapore-based company Paycent aims to make it easier for buyers and sellers to use their digital currency. Right now they are in the process of releasing the integrated debit card which gives customers the capability to unlock their funds instantly
                                             Bridging the gap between fiat and digital currencies
The overall goal of the company is to make it possible for mobile and cashless payments to be accepted anywhere. Blockchain
is the underlying technology that enables this advancement, and the team has worked hard to bridge the gap between fiat and
digital currencies.
The new Paycent integrated debit card is the key to bringing digital currencies into our day-to-day life. It has no yearly maintenance fees if the card is active and in use. You don’t need to hold a PYN token to get it. A user will pay only one time fees for card activation and delivery with any digital currency.

Pre-registration for the debit card has started on Jan. 15, and only 20,000 cards will be delivered in this first batch. The selling point for many of the early users of this card will be the low fee of 1.5 percent, paid in PYN tokens, which is much superior to the current transaction fees on most digital currencies.
The hybrid wallet along with the debit card is planned to be live in the first week of March and it is currently available for registration on the Paycent website. Once operational, the card will work at more than 36 mln points in over 200 countries. Users will be able to convert any digital currency to fiat in real time basis and can use it via Paycent card at online and offline stores and cash withdrawal at ATMs globally
                                                                          More money and better transparency
Paycent has set themselves apart in a few ways. One is the manner in which they are conducting their ICO. Rather than releasing all of their tokens at once, the team at Paycent decided to release them in eight phases.
The company says, there are two major benefits to this method. First, it helps the protocol by proving the concept along the way, which would then result in more money being earned. It also increases transparency and aligns incentives within the network better. Users are motivated to buy earlier by giving bonus Paycent tokens (PYN) of varying amounts to each phase.
The ICO commenced in November and has proven to be a success. Phase one of the ICO was successful, with 80 percent of tokens distributed to over 14,000 different contributors
Paycent’s end goal is to help users worldwide enter the cashless world. The true potential of a company like this comes from the fact it can create an infrastructure that users who have never had access to banks will be able to engage with. In this regard, it is an inspiring goal with limitless market potential.
The original mission of Bitcoin was to create a new financial system that wasn’t dependent upon any single authority, and this might finally be possible with Paycent

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News / Institutional Investors Will Bet Big on Cryptocurrencies in 2018
« on: January 20, 2018, 02:46:12 pm »


Unlike the stock market, which is seeing its eight-year bull run thanks, in part, to institutional investors, crypto-markets are dominated by individual investors. This is evident by almost every metric.

Crypto-exchanges, which are havens for individual investors, are overwhelmed. Popular crypto-exchange, Binance recently revealed that they added 250,000 new users in a single day. Kraken is onboarding 50,000 new accounts daily and they are logging an astonishing 10,000 new support tickets every day. In a blog post, Kraken developers wrote
                             The recent unexpected explosion in demand has been overwhelming
Some exchanges including Binance, Bitfinex and CEX.io have temporarily halted new account registrations so that they can update their technology and better prepare their platforms for the rush of individual investors flooding the market

Moreover, the much-anticipated Bitcoin futures contracts are also being dominated by individual investors. According to The Wall Street Journal
In a sign of how more conservative firms are keeping their distance, the CFTC data show near-zero trading in Cboe’s Bitcoin futures by banks and asset managers
                                                                   
                                                                                 Institutional money is on its way 
There is endless speculation about a crypto-bubble. Whenever prices begin to shift, or the famously volatile crypto-market fluctuates, pundits are quick to declare the bubble burst and the movement over. When cryptocurrencies endured a flash crash before Christmas, commentators flooded the internet with their crypto post-mortems. Of course, most prices recovered within a single day
In reality, the crypto-party isn’t winding down. It’s just getting started
Institutional money is on its way, and when that happens, digital currency values will receive a significant boost. Even JP Morgan Chase CEO and infamous crypto-skeptic, Jamie Dimon, recently expressed regret for describing Bitcoin as a fraud. In an interview with Fox Business, Dimon acknowledged that “the Blockchain is real.” He went on to express support for cryptocurrencies that represent traditional currencies like dollars and yen

Dimon’s comments were made as CNBC reported that altcoin Ripple has more than 100 clients from the mainstream banking industry using its XRP token. On January 11th, MoneyGram signed on to test Ripple’s XRP token as a digital method for sending money. Ripple’s price rose 25% after the news before receding later that day
                                                 The burgeoning opportunities for institutional investment
Ultimately, individual interest spurs institutional interest, and that will have a significant impact on the value of digital currencies

Bitcoin futures contracts on Chicago based exchanges run by CME Group and Cboe Group represent burgeoning opportunities for institutional investment. Specifically, they indicate that much anticipated crypto-ETF funds may soon be available for investors. Moreover, according to estimates by Morgan Stanley, in 2017 hedge funds invested more than $2 billion in crypto-related assets. This is a lot of money, but it’s a small percentage of the possible investment
In short, Bitcoin hedge funds are counting their profits in thousands of percent and institutional investors can’t stay away forever.
As digital currencies continue to gain exposure, they are proving remarkably resilient to investors’ worst fears. Technology is rapidly improving, and many of the same features and safeguards currently maintaining traditional investment markets are increasingly present in crypto-markets as well.
Although the total crypto market cap is tremendous, it’s far from its full potential. Cryptocurrencies are just now becoming household names, and they are still shedding some of our preconceptions that stigmatized investment. However, the real growth driver will be institutional investments, which will be spurred on by the individual investors who want to participate in crypto markets through institutional platforms and by the market forces that make the possibility of considerable profits too essential to pass up.

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korea действительно играет роль в прокачке рынка альтекойнов

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