Quickbit Bitcoin, DIgital Currency & Blockchain Blog

Market Pullback Bitcoin & Ethereum Charts, The digital asset space is getting attention and there has been a lot of hype, there is definitely a cycle of hype, pump and dump, with lots of profit taking going on. However the market continues to grow and the market capitalisation is now over 100 billion USD. The promise of blockchain technology and the projects, platforms, currencies, assets and innovation that is being born of this space is mind boggling. It literally is booming with billions of dollars flowing globally into & out of the market and circulating in the market itself. At this rate of growth it will be into the 1 trillion USD (1000 billion)  market cap. in a very short time. My forecast is that it will be over 1 trillion within the next 9 months according to the historic data of the market. If you follow the whole market you can see the cycles clearly and this is fueling excitement which is causing a bubble as the growth of ICO's and value is exceeding the u

Blockchain Promise, Money, Multi-Nodal Decentralised Networks & DAO. Is the blockchain tsunami coming? Yes it is, the promise or hope is that blockchain will be able to deliver true disruption to conventional commerce and spawn global innovation, from finance to apps, to organisations. Bitcoin is evolving with BIP148, what will happen? I will keep this blog generic because of the speed of blockchain adoption and scope is accelerating. From currencies and digital assets, tokens and platforms to killer apps. Blockchain passports? We are seeing biometric enrollment platforms, combination of facial and audio imprinting and authentication, decentralised networks, hundreds of chains starting. There is a certain science fiction aspect as technology develops at a exponential rate, blockchains have a certain appeal. The building of data upon blocks, stacked and immutable has a great many applications. Projects like, Golem  enabling you to rent out your computational usage while y

When will Bitcoin smash through $3000 USD? The Bitcoin price is hovering just under $3000 USD, when will it break through and what does this mean? The price has neared the $3000 mark with trades at $2922 three days ago. There is uncertainty in the market because of the upcoming; user activated soft fork (UASF) and whether this will be adopted globally. The realities are; UASF mass adoption and legacy chain being maintained, UASF and miner split causing a split chain, this will lead to a large amount of uncertainty and will require time for the implications to be fully understood. Where will the majority of developers go, which platforms will support what? what does it mean for the price? of both legacy and new chain? and what are the scaling and technological advantages of each. Will the chains re-merge after this shake up? What IS certain is that price is the big thing on peoples minds.. and there is no way to really know what will happen with a chain split except that in

DOLLARS, GOLD & VALUE $$$ Dollars what are they? Gold, why is it valuable? What is Bitcoin? Why is it valuable? Dollars or notes of a country are backed by certain 'value' that is calculated based on the international currency markets. Notes are usually native to a country like the Australian Dollar AUD and the Japanese Yen for example. Or they are used by a group of countries as in Europe/ European Union with the Euro. These currencies trade on the world currency markets and their value is determined by a host of factors including; faith, trust, market value, politics, market constraints, taxes, gross domestic product (GDP), International  debt, world market impact, the value of the currency is regulated based on monetary controls, taxes, issuance, inflation etc. Gold is a precious metal and a rare commodity and has been used as a token of value for a long time. In order to increase golds value people turn it into jewelry, however it's intrinsic value is what is

$$$$ 1 Million Dollars per Bitcoin? The Brave New World & the Digital Currency/ Asset Revolution 1L4URGsa5rjtwm7PcZM686pB8xq7caSUWP If you like my articles and find them informative and objective please Donate Bitcoin to the address above. So what is going on with all these blockchain tokens, Initial Coin Offering's (ICO's) and the expansion in the realm of BLOCKCHAIN and the AAM (Alt Asset Markets). Is the Matrix coming to life? Quite possibly YES . The growth of the sector has been astounding, I have been following it for a short while now and in the last two months the total market capitalization has doubled to $$$89 Billion dollars.. What is happening? Well here is a list of things in no particular order; global currency instability, maturing of blockchain technology, FOMO, branding and re-cognition, digital currency market maturation and excitement, future potential, speculators, market makers and investors. Lets dive into each of these. Global Currency