CryptoCurrency Market Capitalizations

Discussion in 'The Lounge - Off Topic Chat' started by NavyChief, Oct 12, 2017.

  1. NavyChief

    NavyChief Senior Member

    Sep 26, 2013
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    For those of you interested, which should be the majority of members, CC is becoming more and more a daily part of finance, as well as the UG payment system.

    Here is a link to the CC market cap watch. You can see the value of different CC and what they are doing. I suggest you all learn more about this, especially since bitcoin seems to be a more common and logical way to do business in this market we all share.

    LINK - https://coinmarketcap.com/

    Below are a few examples of CC and their value as of this posting.

    1 Bitcoin $86,511,512,029 $5205.61 16,618,900 BTC $2,020,160,000 8.61%
    2 Ethereum $29,231,638,321 $307.47 95,070,277 ETH $386,163,000 1.84%
    3 Ripple $9,917,420,988 $0.256925 38,600,451,446 XRP * $173,419,000 -1.97%
    4 Bitcoin Cash $5,505,341,455 $330.03 16,681,438 BCH $195,756,000 4.82%
    5 Litecoin $2,876,251,168 $53.92 53,338,782 LTC $103,374,000 6.68%

    10 IOTA $1,293,690,677 $0.465435 2,779,530,283 MIOTA * $8,937,900 -0.88%
    11 BitConnect $1,289,072,199 $180.19 7,154,040 BCC $15,620,300 9.29%
    12 Ethereum Classic $1,151,524,101 $11.95 96,389,274 ETC $42,258,400 4.21%

    49 Binance Coin $131,451,000 $1.31 100,000,000 BNB * $6,174,560 -8.26%
    50 BitShares $130,139,898 $0.050046 2,600,390,000 BTS * $4,931,060 2.01%

    52 MonaCoin $123,138,958 $2.26 54,567,875 MONA $31,191,500 150.19%
    57 Regalcoin $108,075,129 $38.46 2,810,000 REC $14,785,800 43.58%
    58 BitcoinDark $106,702,322 $82.79 1,288,862 BTCD $88,397 -3.58%


    Good luck investing.

    Respect ya'll

    Chief
     
  2. NavyChief

    NavyChief Senior Member

    Sep 26, 2013
    241
    55
    Future of cryptocurrency and blockchain technology
    Cryptocurrency is a booming segment of the global financial industry despite the cynicism and the negativity surrounding it. As an unusual and mysterious unregulated payment method, it has managed to penetrate the most unusual locales of our existing (online and offline) transactional world.

    Due to the evolving and yet unexplored nature of cryptocurrencies, investors and governments worry about the illegal undertakings and security concerns connected with the usage of unregulated cryptocurrencies.

    Apart from populaces worrying about the vulnerability of the currency to susceptible fraud and theft, governments and central banks globally worry about loss of their control over money supply and regulation if digital currency were to become the norm. It would directly imply shifting of power from the hands of the government to the common man.

    Apart from the apprehensions, there are many factors that have made cryptocurrencies encroach on our daily lives and become a part of our new world economy in the 21st century.

    Blockchain technology is considered as the future of the sharing economy as the technology can help energize and unlock the sharing economy by making it cheaper to create and operate an online platform.
    Another potential outcome of the mass adoption of alternate payment systems, like Bitcoin, is to provide companies with the impetus to improve their services.
    Fees charged for transactions, excessive time involved in transferring funds internationally and clearing transactions etc. are some of the usual nuisances that come along with using traditional payment methods such as banks, credit and debit cards, and checks.

    Cryptocurrencies have the power to eliminate all of the above and many more associated annoyances.
    Power to the common man: Bitcoin is usually labeled as a digital currency, which is ‘BY the people, FOR the people, OF the people’.
    The decentralized nature along with anonymity and freedom, coupled with little to no fees is what attracts most loyalists.

    Cryptocurrencies are here to stay and grow through steady mass adoption.
    There are various other ‘possibilities’ of cryptocurrencies in alternating our financial world as we know it, and for a future with endless opportunities.

    A potential use of bitcoin could be in the world of the IoT (Internet of Things). IoT is the interconnection of unique computing devices within objects that might not otherwise have ever been connected to the Internet.
    Bitcoins could make SIM cards and paper passports obsolete. Cryptocurrencies have the potential of saving and storing such high-end sensitive data, all with maximized security that they have been posed to make ‘digital passports’ and digital IDs a thing of our very near future.

    Forecasts on the future of cryptocurrency ranges from outright failure as a temporary craze to filling a role of a new global currency. The answer probably lies somewhere between these extremes, and will depend on the legal and regulatory configuration that ends up defining the currency’s use in each country.
     
  3. FlyingDragon

    FlyingDragon VIP Member

    Nov 4, 2010
    2,708
    1,150
    ArmyChef, can u give novices a step by step on how to purchase and store cryto currency?
     
  4. DungeonDweller

    DungeonDweller Senior Member

    Mar 21, 2017
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    98
    Yeah, whats the deal with the wallets?
     
  5. NavyChief

    NavyChief Senior Member

    Sep 26, 2013
    241
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    Will post up some shit soon. Sitting at great clips waiting to get the wig cut down. :p
     
  6. NavyChief

    NavyChief Senior Member

    Sep 26, 2013
    241
    55
    Ok TID, here are the basics in CC and starting out.

    If you want to buy bitcoins, I suggest either using the Bitcoin Core Wallet, or you can go to paxful.com For Litecoin I suggest Litecoin-QT, and for Ethereum, either Ethereum Wallet or MyEtherWallet.first

    Doing this will also give you a this will also give you a wallet. This will also allow you to send and receive coins. I prefer: blockchain or electrum

    There are also universal wallets that can be used like HolyTransaction (one of if not the most popular). There are also useful offline wallets like TREZOR (these are good for long-term storage).

    There are a number of different types of wallets; online, offline, mobile, hardware, desktop, and paper. Each “type” refers to what type of medium the wallet is stored on and whether or not the data is stored online. Some wallets offer more than one method of accessing the wallet – example; Bitcoin Wallet is a desktop application and a mobile app.

    To send coins and receive coins you only need to share your public wallet address (your “public key”).

    Here is a quick breakdown of the different types of cryptocurrency wallets: Desktop Wallet: most common. Typically an app that connects directly to a coin’s owner. Mobile Wallet: A wallet that is run from your phone. Online Wallet: An online wallet is literally a web-based wallet. No downloaded app, but rather data is hosted on a real or virtual server. Some online wallets are hybrid wallets allowing encryption of private data before being sent to the online server. Hardware Wallet: Dedicated hardware that is specifically built to hold cryptocurrency and keep it secure. This includes USB devices. These devices can go online to make transactions and get data and then can be taken offline for transportation and security. Paper Wallet: You can actually print out a QR code for both a public and private key. This allows you to both spend and receive digital currency using a paper wallet. With this option, you can completely avoid storing digital data about your currency by using a paper wallet.

    When cryptocurrency is in “cold storage” that mean it is being held offline in a “cold wallet.” Funds you want to use like cash should be in hot wallets, funds you want to store long term are best held in “cold storage” in an offline wallet.

    If any of you are serious about trading cryptocurrency you’ll want to look at an exchange like Bittrex or Kraken.

    DO NOT LOSE YOUR KEY…. if you lose your private key, then you lose your money. That is true for paper wallets, hardware wallets, or any other wallet type.

    R/
    Chief
     
  7. FlyingDragon

    FlyingDragon VIP Member

    Nov 4, 2010
    2,708
    1,150
    I am still lost and I have a Phd in BS.....
     
  8. NavyChief

    NavyChief Senior Member

    Sep 26, 2013
    241
    55
    Click one of the links I posted, follow directions. : )
     

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