Bitcoin Growth In 2016? Show Us Your Numbers!
Will Bitcoin growth slow in 2016? BargainFox and Georgi Georgiev do not think so. In fact, they have even put together an infographic presenting 33 indicators that bitcoin growth is not slowing down this year. However, as we looked closer, only some can be considered indications of growth in 2016 - more than half are merely FYI facts, others are open to interpretation. We contacted the author to clarify his intention, but received no comment. What follows is our brief overview of the infographic. We divided the indicators into those that are likely to mean continued growth of bitcoin,....
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All things considered, it appears China's crackdown on capital outflows is working. China has released their official economic growth numbers for 2016. As was to be expected, things are not looking great, although the sky is not falling either. With a 6.7% growth throughout 2016, the country falls short of expectations. Moreover, there are questions regarding the growth number, as it seems to reek of tampering. A previous report hinted at how 6.7% growth has been “achieved” for every quarter in 2016, which is an impossibly even number. The world’s largest economy continues to cause a lot....
Metcalfe-Network-Effect. Network growth has been steadily growing larger and stronger over the last two years. While many people only look at the value of bitcoin, they are failing to see the adoption rate. The bitcoin price may have dipped slightly recently, and the record all-time high price of $1,124 USD of late November 2013 may now seem like a long way off. The bitcoin network itself is continuing to grow larger than ever. While according to Metcalf's Law, which states the value of a telecommunications network is proportional to the square of its users. There comes a point in this....
Over the past 12 months, the number of decentralized autonomous organizations (DAO) increased more than eight times. The growth is proportional to the rate of community participation. However, it doesn’t imply that decentralized governance is following suit. Emre Caliskan Reveal Crypto Market Growth Emre Caliskan, an Engineer from Electric Capital on Twitter, discussed the level […]
The latest PBOC report hints at China's reserved tumbling by another US$41.1bn in December 2016. This would effectively reduce the country's reserves to just above US$3tn, a very dangerous level. Financial experts all over the world are concerned over the situation in China. Country officials revealed the financial reserves, which sit as US$3tn right now. However, the PBOC reported over US$41bn in capital outflows affecting the Chinese economy in December 2016. These numbers do not seem to add up, and it appears the Chinese government is padding the reserve numbers. For quite some time....
In fact, the projections for the price of the 2016 bitcoin reflects a fresh understanding of this digital currency and has drawn attention to the fact that the bitcoin will certainly play an important role in the world’s financial system in the coming years. The bitcoin industry is still in its infancy, which means that there is a lot to look forward to in the future. In 2016, the future of the bitcoin industry is bright, and that’s no very surprising, given the fact that the price of the bitcoin is quickly skyrocketing. In 2015, the price of the bitcoin soared from $230 to more than $480....