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Bitcoin Predictions Going Into 2019

Daniel Chase

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Nearly a decade has passed since Nakamoto released the fabled white paper describing the primordial framework of a peer-to-peer currency network. At the time, an anonymous cryptographer, with the pseudonym of Satoshi Nakamoto, was furious with the fact that consumers were slowly being falling prey to the inefficacies of banks and other financial institutions. Nakamoto wrote that “commerce on the internet [had] come to rely almost exclusively on financial institutions as trusted third parties to process electronic payments,” and this nurtured dependence would ultimately lead to a fiscal downturn. With a P2P currency network that kept records of every transaction, banks were no longer needed and the era of decentralized currency was on the rise. 

Several years ago, it was reported that of the 21 million bitcoins in existence, approximately 17 million had already been mined, indicating that given its limited supply, it had boundless monetary value. Bitcoin’s (BTC) initial coin offering (ICO) was valued at less than $1000 per coin, and in a few short months, it was trading at almost $20,000 per coin, according to CoinDesk. 

However, as we have seen, Bitcoin’s (BTC) value had continued to depreciate from being tased at $19,783.06 per coin in December 2017, to $6,284.84 as of Tuesday. In countries like the US and Israel, both blockchain industry hubs in their own right, banks have denied their account holders access to their accounts when they’ve tried to deposit liquidated funds from crypto transactions, resulting in one of the many reasons why cryptocurrencies have been on a steady decline. 

 While many analysts in the crypto space believe this non-action, like Jordan Belfort in the one scene of “Wolf of Wall Street,” is not bleeping leaving, others are insistent that Bitcoin (BTC) and its rag-tag team of various cryptocurrencies are about to hit 88mph and show us some serious stuff. 

After suffering a seemingly endless period of time spent in a bear market, perhaps it is time for Bitcoin to give investors a break. Recently, Bitcoin’s (BTC) volatility has slowed down to a crawl. In a post on Seeking Alpha, Victor Dergunov, founder of Albright Investment Group, explains that “despite the tame atmosphere surrounding Bitcoin, for the time being, this is predominantly likely just the calm before the storm, a storm that is likely to lift Bitcoin (BTC) prices substantially higher over the next several years.” 

Dergunov presents an interesting point. This isn’t the first time Bitcoin (BTC) volatility has been relatively uninteresting, most likely due to the nature of Bitcoin (BTC) bear markets. He continues to suggest that the current “quiet period” for Bitcoin (BTC), replete with dwindling interests from investors, less prevalence of crypto in the news, and a general discontent with cryptocurrencies, should be treated as an indicator of the next Bitcoin (BTC) bull market. 

At the Web Summit conference held last week, VC investor Tim Draper spoke on his predictions for Bitcoin heading into the new year. Draper’s prediction suggests that the price of Bitcoin (BTC) will reach $250,000 per coin by April 2019. 

“Yes. We are talking […] about five percent market share to get to $250,000. That seems like a drop in a bucket and what we all need to really do is make it so that Bitcoin can be used to buy Starbucks coffee, and all of a sudden the world just opens up and then they say “I’ve got this choice. Do I want a currency that I can take from country to country or do I want one that sticks me in one country or one geographic area and I can’t use it anywhere else..” 

  • Tim Draper, Venture Capital Investor, Draper Fisher Jurvetson

Draper’s prediction for Bitcoin (BTC) 2019 may be a bit of a stretch, he premonitions are thought-provoking for sure. In order for Bitcoin (BTC) and other cryptocurrencies to thrive in the market, industry leaders across all sectors will need to take cryptos more seriously. The potential that decentralized currency presents in astounding, but its efficacy will remain stagnant until cryptocurrency can be used as an acceptable form of payment in coffee shops, restaurants, and car dealerships. 

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Energy

Where Will Oil Go After This Week’s Price Hit?

Jon Phillip

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Even though oil had been taking a beating over the last 2 trading sessions, its price rose to $69 per barrel on Friday. However, oil prices are experiencing the worst week of 2019 mainly due to potential economic slowdown and ever-growing oil inventories. US oil inventories have not been this high since July of 2017. And to top it all off, the trade war between the US and China is growing wearier every day further affecting oil prices.

Naeem Aslam, the chief market analyst at TF Global Markets, stated, “Clearly, bargain hunters are back in town.” He later added, “However, it is still set to record the worst week of the year and this is due to the increase in trade war tensions between the U.S. and China.”

Global Scale

The global benchmark for oil, Brent Crude, has experienced a decrease of 5 percent this week. However, Brent Crude this morning climbed $0.98 to value each barrel at $68.74. Due to US sanctions and voluntary supply cuts, a floor under prices held. Market analysts are expecting the oil market to recover off of the price floor.

“It is reasonable to doubt whether Saudi Arabia will be willing to step up its output given the latest decline in prices, […] we therefore expect to see higher oil prices again in the near future,” Explain analysts at Commerzbank.

In order to make the market tighter, the Organization of the Petroleum Exporting Countries has been cutting oil supplies since the beginning of the year. 

Brent Crude’s prices reflect that the supply and demand of oil is tightly knit. According to UBS, Brent Crude should get back to $75 this month as supply gets tighter and tighter.

“Compliance of OPEC and its allies to the production cut deal remains high, while production from Iran and Venezuela is likely to again trend lower this month,” explains analyst Giovanni Staunovo,

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StockPrice.com Friday Morning Update – May 24, 2019

Joe Samuel

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New Systems & AI Trigger Innovation In Security Industry; Can Lockheed Martin Adapt?

Threats to people’s lives are constantly developing across the globe. In order to mitigate the growing fears of international conflict, security and defense companies have continuously innovated. Living in constant fear is never sought and these companies understand that. Security innovations allow people in the US to walk around freely at the park or go watch their favorite artist at a concert with little to no fear.

New Potential for the Security Industry & Security Stocks – Click Here


Two Massive Growth Industries, One Choice for Investors

Two of the fastest growing industries right now in the United States are on-demand technology and cannabis. These two industries are at the epicenter of growth and investors aren’t being shy about their appetite for companies in these arenas. But one company, in particular, has developed a unique business model that services both of these massive growth industries.

Click Here For More Information


The Delivery Market in the Age of Convenience; Can GrubHub & Uber Adapt?

As the internet grows and develops, people and services become more connected. Thus, the food delivery service industry has blown up over recent years. Big players like UberEats (UBER), Postmates, and DoorDash are making big splashes against competitors like GrubHub (GRUB). These companies only represent a fraction of what delivery services can become.

Will This Be The Future For Delivery Stocks As We Know It? Click Here

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New Systems & AI Trigger Innovation In Security Industry; Can Lockheed Martin Adapt?

Joe Samuel

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Threats to people’s lives are constantly developing across the globe. In order to mitigate the growing fears of international conflict, security and defense companies have continuously innovated.

Living in constant fear is never sought and these companies understand that. Security innovations allow people in the US to walk around freely at the park or go watch their favorite artist at a concert with little to no fear.

New Potential for the Security Industry & Security Stocks

While developing security protocols and machines to fight threats overseas is important, home-grown threats have become a point of concern for US citizens. Mass shootings have increased, and the Muslim radicalization of American citizens is prevalent as ever. In order to make people safer, Liberty Defense has come to fill that hole.

Liberty Defense Holdings Ltd. (SCAN.V) is developing HEXWAVE to revolutionize how facilities get secured. HEXWAVE can be used to detect any kind of weapon through 3D imaging. The technology utilizes both quickness and indiscretion to produce warnings of potential threats while respecting people’s privacy. 

While the product is still undergoing testing, Liberty Defense Holdings Ltd. (SCAN.V) has been taking steps to put HEXWAVE in front of the public. The company recently announced signing a memorandum of understanding with Utah’s Attorney General to beta test HEXWAVE there. The technology can be tested at sporting events, amusement parks, schools, and government buildings.

Bill Riker, Liberty Defense’s CEO, stated, “HEXWAVE can be applied in a variety of settings to provide a means to identify possible threats before they advance into attacks. We are excited that the Attorney General of Utah recognizes the potential value of this technology and the opportunity it provides for enhanced security in the state.”

What’s Should Be Expected Of Defense Companies?

When people think about the US armed forces they marvel at the gear used from tanks to jet planes. Most people do not take the moment to think where the US actually gets its arms from.

Report: This New Technology Could Transform A Multi-Billion-Dollar Industry!

One company responsible for US defenses is Lockheed Martin (LMT). Lockheed Martin develops and manufactures missile systems, aircraft, and training systems. They even provide cybersecurity services to governmental figures.

While Lockheed Martin controls a large portion of the defense industry, they show no signs of slowing down. Recently, the company made progress on its new production facility in Alabama. It is expected to be a 225,000 square foot facility to fulfill US Air Force needs.

The construction is expected to be finished in 2021. Executive Vice President, Frank St. John, explained, “All our employees come to work with an unwavering commitment to help our customers succeed in their mission to create a more secure and prosperous world.”


security defense stock
Disclaimer: Pursuant to an agreement between MIDAM VENTURES, LLC and Liberty Defense Holdings Inc. Midam was hired for a period from 04/15/2018 – 5/15/2019 to publicly disseminate information about Liberty Defense Holdings Inc. including on the Website and other media including Facebook and Twitter now extended through June 21, 2019. We were paid $350,000 (CASH) for & were paid “0” shares of restricted common shares. We may buy or sell additional shares of Liberty Defense Holdings Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. FULL DISCLAIMER HERE




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