Crypto-Apocalypse: 20 billion USD in 24 hours

Just under 20 billion US dollars lost in just 24 hours. Bitcoin Cash is dying, its big brother has a similar situation. Dark times for crypto enthusiasts.

Yesterday’s crypto burglary simply has no end and almost all crypto currencies have reached a new low for the year. The total market capitalization is back at the August 2017 level. Last year’s crypto surge feels like a dream that has now been completely wiped out.

In the last 24 hours, Bitcoin has fallen by over 13 percent. This is the first time Bitcoin has fallen below 5,000 US dollars since October and currently stands at 4,380 US dollars (equivalent to 3,827 €). 2018 feels like a reflection of 2017. At that time things were going uphill, the cops had control over the markets. Today it’s downhill, the bears are in control of the markets.

Ethereum’s end according to onlinebetrug?

Ethereum is dying says onlinebetrug. At least that’s how it feels. Read more about it: https://www.onlinebetrug.net/en/ Every collapse hits the crypto currency particularly hard. Another SEC accusation against ICOs panics all participants (and probably also ICOs). The Ethereum rate stands at 128 US dollars (equivalent to 112 €), which has fallen by 19 percent. Thus the now third largest crypto currency after market capitalization – behind Bitcoin and Ripple – falls to its lowest level since May 2017. Even before the ICO boom phase Ethereum developed better than now. Is it the end of the exciting prices for ether?

Bitcoin revolution struggle for air

Altcoins suffocate. There seems to be hardly any oxygen left in the crypto basin. Bitcoin revolution has fallen by 45 percent in the last few hours and currently stands at 199 USD (equivalent to 174 €). This corresponds to last August. Bitcoin revolution has fallen so much that Stellar could take fourth place. And this despite the fact that the digital currency itself has suffered losses of almost 20 percent. XLM is currently traded for 0.18 USD (equivalent to 0.16 €).

Needless to say, the rest of the Altcoins are suffering. Only a few stable coins are safe from the apocalypse. The total market capitalization falls to a dangerously low level. Currently it stands at 142 billion US dollars (equivalent to 123 billion euros). Has the abyss now been reached or is the crypto apocalypse continuing?

Last Man Standing: Ripple (XRP)
The digital currency XRP is holding its own bravely. This, however, changed during the making of the article. Ripple initially lost only 0.3 percent and now over 10 percent. Ripple stood at 0.5 USD and now at 0.42 USD, equivalent to 0.37 €. Dark times.

Aeternity Coin Advantages and Disadvantages

The crypto currency brings some new key innovations into play, which will certainly attract the attention of traders more often. Yanislav Malahov may not have worked on the Ethereum blockchain himself, but he seems to have recognized where the good approaches behind the Smart Contracts could be improved.

However, one has to keep in mind that the Bitcoin profit is not yet finished

Much depends on how well the Bitcoin profit is able to achieve the set goals. The blockchain is not due to be fully launched until the 2nd quarter of 2018. Buying Aeternity Coin could be worthwhile if you want to use a fast and easy to use payment method. In the event that Bitcoin or Ethereum are no longer used for whatever reason, the crypto currency could fill this gap: https://www.onlinebetrug.net/en/bitcoin-profit/

Aeternity has a good chance of being used by many as it offers an easy-to-use interface and focuses on smartphones. Smart Contracts and their improved privacy are also very attractive for businesses. Only the AE Coin has to be careful of the competition, because it is not the only crypto currency that wants to outrank the big names like Bitcoin and Ethereum.

It should not go unmentioned that buying Aeternity Coin is still quite cheap. The price has performed well so far, but there is still room for improvement.

Aeternity Coin Price for the Bitcoin trader

The Aeternity Coin price started at 30 cents per coin in November 2017 and reached almost 70 cents in the same month. By the end of the month, the Bitcoin trader price had calmed down slightly to 47 cents. The price rose to 50 cents per coin in December 2017.

In the middle of the month, the price rose to first 1, then 1.30 euros. The price fluctuated somewhat until the end of the year, but was still mostly above 1 euro per coin. In January 2018, the markets were generally in a good mood with regard to crypto currencies, which also included the Aete rnity crypto currency.

The coin traded at 2 Euro in the first weeks of January, fell briefly to 1.20 Euro to 1.50 Euro and then rose to 2.50 Euro at the end of the month. In the days that followed, the price lost value again, but seems to have held steady at almost 2 euros per coin.
In view of the young age of the AE coin, one can only try to make a forecast with extreme caution. In this short time the AE Coin price could increase however much. If the blockchain is ready, you can certainly expect another price increase. On the way there, perhaps also afterwards, the price can lose some value just as well.

Create Aeternity Coin Wallet
Currently the best Aeternity Coin Wallet is the MyEtherWallet. To set it up, go to the official site of the wallet and select “Create New Wallet”. Then you download the Keystore File and store it in a safe place. You will then receive your own private key with which you should gain access to your own MyEtherWallet.

Where can I buy the Aeternity Coin?
There is already a good selection of stock exchanges where you can buy the Aeternity Coin. Binance, Gate.io, Coinbene, Liqui, HitBTC, Koinex, Big One, Ether delta and Mercatox are all available. Usually you have to exchange the Aeternity crypto currency with Bitcoin or Ether. The purchase with dollar is possible on Liqui, Gate.io and Coinbene.

Conclusion Aeternity Coin
The Aeternity Coin wants to eliminate the weaknesses of other crypto currencies and offer fast transactions in addition to the most secure Smart Contracts to date. In addition, there is the user-friendliness for normal people and companies.

Do you want to acquire more knowledge about crypto currencies and always learn about the latest ICOs, the latest Airdrops & the most profitable Top Coins? Then CLICK HERE and have a look at our CryptoWealthCenter.

4 Reasons Why Ethereum Code Can Be Destroyed!

4 (More) Reasons Why Bitcoin Can Be Destroyed!
BITCOIN
By Martin Wozke / January 30, 2018
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Bitcoin destroyed
Can Bitcoin be destroyed? Before we go into the speculation, let’s start with the facts – Bitcoin has been declared dead more than 200 times. So what could Bitcoin ‘really’ eliminate?

“Bubble”, “Ethereum Code destroyed”

Despite the fact that the world’s first crypto currency has existed for almost 10 years, it is still fashionable to predict its demise. Even supposedly smart people are known to propagate what Sebastien Meunier, a financial consultant with 15 years of experience how Ethereum Code work in business innovation, calls “Bitcoin Dysregulation Syndrome”. Bitcoin’s death is constantly predicted, although these predictions have been proven wrong every day.

But if we assume that these individuals have a certain intelligence, the only explanation for the failed predictions and emotional arguments is that they never take the time to learn and understand how the system works.

Scenario 1: Too Many Forks
Probability (next 5 years): Low
Possible effects: Bitcoin becomes meaningless
Bitcoin can be forced multiple times if the community does not agree for technical reasons (or “because of money”).

The Bitcoin cash split that took place last summer was not so damaging to Bitcoin because the nodes and hash performance of the network decreased. Theoretically, however, further splits could be possible in the future, further fragmenting the network and reducing its performance.

Should this happen, Bitcoin would lose its dominance and slowly sink into insignificance. Again, it is in the interest of the community not to allow this to happen.

Scenario 2: Hack
Probability (next 5 years): Medium to high
Possible effects: Temporary crash

This scenario can occur with Bitcoin Code

In the first case, called a 51% attack, a malicious network actor might try Bitcoin Code to hack the protocol itself. This is theoretically possible, but the probability is very low. The 51 percent attackers would destroy their own source of profit. It would also require huge investments in mini equipment and energy.

More likely is a hack attack on an application built on the protocol.

For example, Mt. Gox was hacked in 2014. 70 percent of all Bitcoin transactions took place on this platform. Today, there are many more exchanges around the world. If one of them were hacked and a large amount of Bitcoin were stolen, the price could probably collapse. As we know Bitcoin, the digital currency would recover.

Just recently, NEM worth $400 million were stolen from the Coincheck exchange: The price of NEM fell by only 15 to 20 percent and recovered in one day.

Possible effects: Bitcoin becomes meaningless

Is it possible that a “better” currency will replace Bitcoin? A more profitable and cheaper coin that destroys Bitcoin?

Let’s be honest: this is more about economy and less about convenience. This crypto currency would have to be much “better” to overcome the network effect and brand capital from which Bitcoin benefits today.

The fact that it hasn’t happened yet is crucial to the durability of Bitcoin. For governmental and economic reasons, a “universal” UN-backed crypto currency will not emerge within five years.

There is another way in which the economy could develop: If the price of electricity rises sharply, mining could become unprofitable. Only large pools, where electricity is relatively cheaper, would remain.

This is a difficult cost-security compromise. Bitcoin would have to find a way to lower the cost of security while maintaining the integrity of the account.

Scenario 7: Market fatigue
Probability (next 5 years): Low
Possible effects: Bitcoin becomes meaningless
If crypto startups in the real world do not deliver tangible value, people could slowly lose confidence in crypto currencies and tokens. (Something that happened during the bear market in 2015 and 2016).

In this case, the growth of the market could slow down and its value could eventually stabilise. The crypto market would lose its attractiveness from the investment point of view, leading to a further decline.

Personally, we believe that some crypto startups will eventually offer real added value. As the past has shown, the market is always able to rebound.