drbubb Posted March 20, 2017 Report Share Posted March 20, 2017 Beyond Bitcoins - Ethereum & blockchain innovation > see also: Bitcoins/China thread (5,000+ views) : BTC Legacy thread On the Bitcoin side of things, the past three months have seen several ups and downs, although more downs, unfortunately. The Bitcoin price was still well above US$460 by early December 2015, but things have started slipping ever since. A bottom was set shortly after the New Year when the Bitcoin price dropped to US$365.67. However, things have picked up again in recent weeks, and despite a dip recently, we are back at a value of roughly US$410 per BTC [at the time of writing]. Ethereum price charts, on the other hand, look very different. In fact, users could say the only way is “up” for Ethereum, as there is a visible upward trend noticeable since early January of 2016. That being said, Ethereum has not been without price dips either, although the lost ground has been made up relatively fast. The price per Ether has gone up from US$0.843 on December 11, 2015 to US$10.15 [at the time of writing]. The question is whether or not this price momentum is sustainable in the long run. Chart : 3mos : : Is Bitcoin Volume Flowing into Ethereum? That is one of the main questions a lot of people are wondering about. If the Bitcoin price goes down, and the Ethereum price goes up during that period, does that means there is a shift in trading volume? But if that would be the case, why isn’t the Ethereum price dropping when Bitcoin goes up again and investors flock back to their original investment strategy? Once again, the charts by Cryptocompare will provide interesting insights. The CryptoCompare one-month Ethereum trading volume chart – in USD – tells us there has been a steady amount of funds invested over the past thirty days, with some exceptions. February 14,19,20,26,28, and 29 were all days with very little funds going into Ethereum. However, February 10, March 3,4,5, and 6 were rather good investment days for this project. The lowest amount of USD volume flowing into Ethereum in the past thirty days occurred on February 20th, as just US$13,675.44 was recorded across all exchanges. Meet-Up/ Beyond Bitcoin: Reinventing Financial Services thru Blockchain Technology === Let's discuss how bitcoin's underlying technology will transform the legacy financial system. We'll also cover the status of institutional adoption in the Philippines or whatever blockchain agenda local financial institutions might roll out in the medium term. In Don Tapscott and Alex Tapscott's book, Blockchain Revolution, they noted at least eight core functions that are ripe for disruption and blockchain technology's significant impact on the next steps forward: 1. Authenticating identity and value.2. Moving value.3. Storing value.4. Lending value.5. Exchanging value.6. Funding and investing.7. Insuring value and managing risk.8. Accounting for value. What do they actually mean? Do you agree that blockchain technology will have an overwhelming disruptive effect on a traditionally conservative sector such as the financial industry? == > https://www.meetup.com/Makati-Digital-Currency-Meetup/events/238536604/ Tuesday, March 28, 20177:00 PM Starbucks 6750 Ayala Avenue Makati City, Makati (map) Link to comment Share on other sites More sharing options...
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