What if Bitcoin Rate Is at Zero?

The rate of Bitcoin has always loved to swings all the time. He is like a baby at Disneyland, climbs on the coolest ride, on which he rushes up and down. But not so long ago, he began one of the fastest slopes in his entire history.  
Since November,14, 2018, the world’s first cryptocurrency rate from $6 365, began rapid journey straight into the unknown.

Sourse: https://coinmarketcap.com/

And what if, the end for Bitcoin is a zero rate? What then? Is it even possible? Will it affect other cryptocurrencies? The Coin Shark has found  the answers for these and other questions.

Current rate of Bitcoin
Bitcoin forms a significant part of the crypto market. With a total evaluation of the market – $130 880 931 295, BTC capitalization is $69 billion, as of November, 28, 2018, according to CoinMarketCap. Moreover, the currency is extremely popular within the community.

Sourse: https://coinmarketcap.com/

Sourse: https://coinmarketcap.com/

Since the beginning of this year, Bitcoin has lost more than 75% of its price, although it continues to confidently hold first place in terms of capitalization, outperforming its closest opponent Ripple approximately 80%.

Could a Bitcoin rate drop to zero?
Like any other fiat or digital currency – the price of BTC can become  zero. But it possible to predict the depreciation of the rate.
Since 2013, there has been a gradual extinction of large blockchain projects from the market. In five years, more than a half of such projects have finished their work.  The problem was in the lack of scalability and high competitive.

How can this happen?
The rate can turn into “a big nothing”, if the developers stop supporting and updating the network. Because of this, consumer interest will fall, which reduces the demand. As a result, the cryptocurrency will depreciate on the market.

When Bitcoin rate will be at zero?
While people are investing in BTC, and they are stored on electronic wallets of thousands of crypto investors army, and the rate provokes active discussion in the community – Bitcoin will leave. Therefore, in the short term, might not be such a sad rate collapse, that’s for sure.
BTC is strengthened by the same name payment system, in which flaws are constantly eliminated and updates are being implemented to improve the network. That’s again indicates the relevance of Bitcoin. At least, until it stops being fun for its founders, which is definitely not going to happen in the near future.

Will zero Bitcoin rate affect other cryptocurrencies?
The major part of the cryptocurrency market is represented by Bitcoin.  This means, the state of the market depends directly on the first cryptocurrency, but not only. The market is full of other players, the major of which can also affect the rate of other cryptocurrencies.
As far as the rate falls, the capitalization decreases. This means, that other cryptocurrencies, which can easily replace BItcoin, will increase the demand and the volume of their market capitalization. Subsequently, it will give them power in the crypto environment.  That is, if the Bitcoin rate falls to zero – there will be another cryptocurrency, which will take the first place.

Who can replace Bitcoin?
Even though, Bitcoin is the most popular and much-needed cryptocurrency, it still has gaps. Of course, the developers are constantly struggling with them and create the solution, that will bring Bitcoin closer to the ideal currency of the world.
In any case, you have to always hope for the best, but prepare for the worst. We suggest getting creative. Just imagine your usual early rise to work. You, as usual, after the fight with the alarm clock, lazy drag yourself into the kitchen to drink some coffee. The Coin Shark news feed will help to bright up the waiting of the fragrant drink 🙂 And suddenly, this is what happens : the course is lit in red, and the news headlines report with sadness : “The legendary Bitcoin had finally collapsed to zero”.
Imagined? What are your next steps?  Were you prepared for this? To avoid panic, we suggest considering cryptocurrencies, which could replace Bitcoin if it died right now.

Ripple
Not all cryptocurrencies have suffered during the recent market meltdown. Against of the red rate, Ethereum gave Ripple second place without any resistance. The new second world leader  in cryptocurrency and blockchain is the currency of the same name settlement system created by Ripple Lab. The main idea – to create instant currency transfers and speed up online data exchange.
Right now, Ripple’s market capitalization is $15 billion, which is about 12% of the total market capitalization.

Source : https://coinmarketcap.com/

Ethereum
Recently, it is the number three cryptocurrency. Yes, Ethereum, not only failed to withstand the collapse of the market, but also gave back the position to the above-mentioned cryptocurrency. This cryptocurrency has a great financial future, since it has a wide range of users and it is considered as the better alternative to Bitcoin. Since, Ethereum makes thousands of transactions per second.
Ethereum’s market capitalization is $11 billion, which is about 9% of total market capitalization.

Source:  https://coinmarketcap.com/   

Bitcoin Cash

This cryptocurrency was created by BItcoin’s blockchain hardfork. Despite the fact that branching of the first cryptocurrency of the world occurred  on August, 1, 2017, today Bitcoin Cash takes fourth place in terms of market capitalization. The new cryptocurrency is better than its predecessor, because it’s transaction in the network are confirmed faster.
Bitcoin Cash is 2,45% of the total cryptocurrency market with it’s own market capitalization of $3 billion. We want to remind you, that recently Bitcoin Cash has split into two branches – Bitcoin Cash ABC and Bitcoin Cash SV.

Source: https://coinmarketcap.com/   

EOS
The system, which owns EOS cryptocurrency, is the most advanced for distributed applications and smart contracts.  It is able to simultaneously conduct up to a million transactions per second. That’s why EOS is called “The Ethereum killer”, and it is also considered a worthy replacement for Bitcoin.
EOS has a market capitalization of $3 billion.

Source:  https://coinmarketcap.com/

Monero
Though, due to the CryptoNote-CryptoNight protocol, the users of this cryptocurrency are provided with complete anonymity. This makes Monero attractive for crypto community.
The capitalization of XMR $965 million, which is 0,75% of the total market capitalization.

Source: https://coinmarketcap.com/

Conclusion

What will happen if Bitcoin’s rate is at zero? Is it even possible at all? Yes, it can happen, but definitely not in the next decade. Bitcoin will be at zero if cryptocurrency isn’t  strengthened by developers. Yet, when the value of BTC drops to zero, it will be definitely replaced by another cryptocurrency.

However, according to Blockspoint, a crypto investor Tim Draper is confident in the positive future of Bitcoin.  The world economy will accept the cryptocurrency as an alternative currency, which will share the financial market with fiat. And Bitcoin will contribute this.

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Cryptocurrency Prices Today, February 21: Is Cryptocurrency Declining Again?

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coin360 online platform, Bitcoin (BTC) has lost 0.72% over the past 24 hours. The price at the time of writing is $3934 per coin.

Cryptocurrencies show a slight downward trend:

Bitcoin Cash lost 2.15% over the past 24 hours and now costs $140 per coin;

Ripple decreased by 2.21% and costs $0.32;

EOS added 1.77% and its price is $3.78;

Litecoin fell by 0.21% and its price is $48;

Cardano lost 4.29% and its value is $0.044;

Stellar decreased by 1.71% and costs $0.088;

IOTA added 2.48% and its cost is $0.31;

Dash minus 0.8% and its price is $85;

Monero has become cheaper by 1.8% and costs $50.

Over the past 24 hours, Ethereum remained stable, decreasing slightly from time to time. The course of the coin is $144.

The total market capitalization increased to $133 billion. Bitcoin accounts for 52% of the total. In monetary terms, this is $69 billion.

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Elon Musk: Bitcoin Is Good, But Not For Tesla

Elon Musk has recently made a statement showing his attitude towards cryptocurrency and financial world as a whole. He supports Bitcoin, yet, it will not bring good for Tesla.

Elon Musk is a well-known technology entrepreneur and engineer with a fortune of $22.8 billion, he projects, like SpaceX, Tesla, PayPal, cover different areas of live, meanwhile they are competing to other companies at a high level. Musk is also a socially active person, he likes to post tweets sharing his thoughts about what is happening in the world. Though, sometimes it may bring consequences, like it was in July last year, when the SEC sent a request to Tesla regarding tweets of Elon Musk.

Furthermore, he freely expresses his attitude towards cryptocurrency. Once he even claimed how many Bitcoins he actually possessed. The Twitter community blowed up every time when Musk speaks about cryptocurrency. For instance, in October 2018, Elon posted a tweet about his love for anime and offered a subscriber to buy Bitcoins.

Twitter even blocked his account for a certain period of time to make sure he was the author. So, this time the world has gone mad, when Musk expressed his feelings about financial system and Bitcoin, in particular,  in the podcast “On the Road to Full Autonomy With Elon Musk.”

“Paper money is going away. Crypto is a far better way to transfer value than pieces of paper, that’s for sure,” he said. “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto.”

Furthermore, Musk added that Bitcoin has its pros and cons, yet, what he is really concerned about is crypto mining, to create one Bitcoin, people use high-powered computers to solve a complex math problem.

“We’re really just trying to accelerate the advance of sustainable energy, and I think one of the down sides of crypto is that computationally it’s quite energy intensive. There had to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create slightly incremental Bitcoin, at this point.”

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Cryptocurrency Prices Today, February 20: Bitcoin Is Growing Steadily

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coin360 online platform, Bitcoin (BTC) added 1.1% over the past 24 hours. The price at the time of writing is $3958 per coin.

Cryptocurrencies are in a stable green zone:

Bitcoin Cash added 0.46% over the past 24 hours and costs $145 per coin;

Ripple increased by 0.53% and its cost is $0.33;

EOS raised by 12% and its price is $3.95;

Litecoin grew by 6.5% and its price is $50;

Cardano plus 1.8% and its cost is $0.046;

Stellar increased by 4.7% and costs $0.091;

IOTA added 1.7% and its value is $0.30;

Dash grew by 0.3% and its price is $87;

Monero became more expensive by 1.1% and costs $52.

Over the past 24 hours, Ethereum has lost 0.17%. The coin rate is $146 per coin.

The total market capitalization is $135 billion. Bitcoin’s share is 51.7% of the total. In monetary terms, this is $69 billion.

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Interview with Marco Robinson: Bitcoin is the Best Performing Asset of All Time

Nowadays pretty much everyone has an opportunity to become a successful entrepreneur and investor. With the emergence of cryptocurrency and blockchain, perhaps it has become even more accessible.

Today, we invited to talk Marco Robinson a man who not only managed to become a world-famous investor, but also created a number of successful projects. An Award Winning Entrepreneur, Prime Time TV Star, Philanthropist, #1 Bestselling Author, Winner of the iProperty People’s Choice Awards Best Real Estate Company, World Renowned Property Investor, and Restaurateur he knows how to make money work for you better than anyone.

Hello, Marco. First of all, let’s discuss your success as an investor. At what point in your life did you start investing in real estate, and why this particular area was one of the first you chose?

I first invested in real estate fairly late in life at 40 years old after I had a great business success and had quite a bit of money I didn’t know what to do with.

It was an interesting time in 2009 as it was the subprime crisis, I discovered properties were very cheap especially in the USA, and I found that fascinating so I started to study what made Real Estate go up and go down and wondered why this happened continually…I got so into this I decided to write a book about property cycles and what made them do that and I developed an algorithm based on four main drivers that triggered property price increases, they were:

  1. Cycles (economic cycles) for example in the UK there is a proven 18-year cycle
  2. Population growth. (Rent prices and property increased basically supply and demand.
  3. Structure plan. (What they are gonna build in the area, for example, new manufacturing, schools, etc)
  4. Local and individual property taxes & including friendly states and governments (some taxes are so high you can easily get negative cash flow)

When did you first learn about the blockchain technology, and how did it help you in the development of your projects?

I was introduced to Bitcoin in 2015.

I saw as a real threat to the banking system which I liked very much and after some detailed research discovered it was a genuine reaction, I felt, to the US sub prime crisis which made 40 million people homeless. I loved the security of it and especially it’s decentralization, that it could not be shut down and the founder very cleverly could not be identified.

I was also looking for a loyalty solution to connect all my businesses including my restaurants, my cosmetics, my property, my travel, my education and film companies, a currency everybody could use that I could keep within my own eco-system, so I could keep my clients loyal and grow my client based with the best value proposition in the market place. That currency I created is called NAKED DOLLARS and is now listed on LATOKEN.

Besides NKD, what do you think about investments in cryptocurrency in general?

It’s a brand new sector and to be frank not even the end of day one yet. A lot of cowboys presented a fabulous whitepaper in 2016 and 2017 and made a fortune off speculation…2018 saw a massive correction and the crypto market lost 80% of its value in one year because of this and because not many people had a real product.

It is here to stay, only just yesterday JP MORGAN created their own cryptocurrency, governments are creating their own, they have to as the FIAT CASH currency system is not sustainable, a new debt system has to be created or the majority of the world will go bankrupt.

Bitcoin is the SAFEST currency in the world, it cannot be hacked, it has no founder, no company, no office, and no assets, yet it is the best performing asset of all time increasing 350,000% in ten years! You cannot ignore it at all!

Are there any startups in the cryptocurrency world which you have invested or would like to invest in?

There are very few I would because of the losses in 2018. New projects don’t just have to have great technology, they must have great founders with great track records in business and great profiles in terms of influence.

How do you feel about buying, for example, real estate for Bitcoin?

I’d rather keep the bitcoin it gives a higher return potentially. I would rather use other cryptocurrency like Ethereum to buy real estate.

However I also use a profit strategy, so when I make great profits in bitcoin I will buy real estate as real estate gives me great cash flow.

In what areas, do you think, the use of blockchain technology is necessary?

I think it’s critical in pretty much every industry to prove the origins of each product or service and the security of it, especially in supply chain businesses such as gold and diamond mining to supply to make sure they are not conflict diamonds etc. I also love the adoption to health and medicine, for example, if someone has an accident one drop of blood or even a thumbprint can track the entire medical history of that person in seconds and the perfect medication can be administered!

You are a well-known philanthropist and are famous for your good deeds for the homeless and the needy, because you know very well what it feels like to not have a home. Let’s talk about an 18-year-old teenage mother Holly, a part of the TV Show “Get a House for Free.” Have you thought about not just “giving a fish” to people, but also trying to “teach people to fish”, that is, to give the needy the knowledge of how to “get back on their feet”?

I’m already now doing that with FREEDOMX, www.freedomxmovement.org where I have created a new charity social impact program where the victims of homelessness are rewarded on a merit based philosophy: “I help you if you help someone else” this is CONDITIONAL ALTRUISM, so we only help them if they want to be helped and IF they want to be microfinanced for a coffee shop on a bicycle, for example, they have to be certified and trained which lowers risk and creates a new economy for people to thrive in.

In what areas besides real estate, restaurant business, TV-shows would you like to or plan to realize yourself?

I’m making my first Hollywood movie “legacy of lies” next month, I helped fund the whole movie and my profits will be going to help the homeless

You can see the trailer here:

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Cryptocurrency Prices Today, February 19: EOS Has Increased By More Than 20%, BTC Approaches At $4000

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) added 4.1% over the past 24 hours. The price at the time of writing is $3896 per coin.

Cryptocurrencies are growing rapidly:

Bitcoin Cash added 11% over the past 24 hours and costs $145 per coin;

Ripple increased by 8% and costs $0.33;

EOS raised by 21% and its price is $3.57;

Litecoin grew by 6% and its value is $47;

Cardano plus  7% and costs $0.046;

Stellar fell by  9% and its price is $0.087;

IOTA added 7% and its cost is $0.30;

Dash raised by  8% and its price is $87;

Monero became more expensive by 5% and costs $51.

Over the past 24 hours, Ethereum has added 5.6%. The coin rate is $146 per coin.

The total market capitalization is $132 billion. Bitcoin’s share is 51.8% of the total. In monetary terms, it is $68 billion.

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Cryptocurrency Rate Today, February 18: Bitcoin Overcame $3700, and Ethereum Is At $140

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) added 2.8% in the past 24 hours. The price at the time of writing is $3747 per coin.

Cryptocurrencies moved to the green zone:

Bitcoin Cash added 6.49% over the past 24 hours and costs $130 per coin;

Ripple increased by 3.99% and costs $0.31;

EOS raised by 5.99% and its price is $3.01;

Litecoin became more expensive by 1.38% and its value is $44;

Cardano added 3.66% and its cost is $0.042;

Stellar lost 1.68% and costs $0.079;

IOTA added 1.84% and its value is $0.28;

Dash raised by 2.79% and its price is $81;

Monero became more expensive at 5.33% and costs $49.

Over the past 24 hours, Ethereum has added a record-high 12%. The coin rate is $140 per coin.

The total market capitalization is $126 billion. Bitcoin accounts for 52.1% of the total. In monetary terms, it is $65 billion.

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