Back in time: What was the world’s first Aldon and that it eventually became

Deal with the first alithinou, which exists since April 2011. No, it’s not Litecoin, Peercoin and not even the Dash.

It is hard to imagine a time when the ratings of the cryptocurrency wasn’t full of huge number of various altcoins. Then the term “shidoin” had not yet been invented, and the index of dominance of Bitcoin did not exist, since “dominate” it was nothing. Travel in 2010 and will witness all these events. However soon the situation has changed dramatically.

The first of the first

The second bitcoin is not Litecoin, Peercoin or Dash. At the dawn of the history of the market there is now a dead project Namecoin. Its first mention is found in a post on Bitcointalk on 18 April 2011. Description of the coins differed significantly from withpaper Bitcoin.

Namecoin is a naming system based on Bitcoin with some modifications. This is a new blockchain, separate from the existing block chain BTC. Pair name/value is stored in the blockchain and lose its shelf life after 12 000 units.

It is noteworthy that the mastermind Namecoin was himself Satoshi Nakamoto, though he did not take participation in the development of the project. Four months before the first Aldona Nakamoto voiced an interesting idea in the thread titled “BitDNS and everything to do with Bitcoin”.

While you are generating bitcoins, why not get free domain names for the same job? If you get 50 BTC in a week, you could get a few names.

Moreover, a decentralized system of registration of domain names could be useful when creating the Bitcoin. In 2008, Satoshi was a real difficulty with the purchase bitcoin.org. Since then there was no more anonymous currency, Nakamoto used the services of the portal anonymouspeech.com that allows you to pay with gift cards.

What happened to Namecoin

Today it is a dead project, though coins NMC is still traded on Poloniex and Livecoin. During its seven-year history Namecoin has experienced a lot of UPS and downs. In November 2013 took place the pump NMC, which resulted in the cryptocurrency soared to 15.41 USD. On the wave of nostalgia Namecoin even rose to 8.64 dollar in January this year.

Today 24-hour volume of Namecoin does not exceed 15 thousand dollars, and the system of issuing names no longer operational. However, to consider the project a complete failure is not necessary. Rather, quite the contrary.

It Namecoin started what is now considered a truism in the stock market. This project has shown that the decentralization can be implemented not only in Bitcoin. However, so far only Bitcoin remains the “king of market” and the most advantageous investment in the industry.

Today, NMC is trading at 64 cents per coin, which is 16 percent higher than yesterday. The daily trading volume equivalent to 38 thousand dollars.

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The bulls approach? Traffic Reddit/bitcoin began to rise, for the first time since Dec 2017

The moderator of the popular sub-Reddit about the Bitcoin found that the traffic section has risen again, after the first monthly fall since December, 2017.

The fourteenth in the world rankings and fifth in the United States, according to Alexa, Reddit is one of the most visited sites in the world. People from all over the world every day go to him to discuss almost everything, including, of course, Bitcoin.

Sub-Reddit r/Bitcoin is the most active forum for discussion of topics related to the first cryptocurrency. It takes 119 position in Reddit and its user base consists of less than 1 million subscribers.

Founded in September 2010, this online community has grown steadily. As Bitcoin became more popular, the number of subscribers to r/Bitcoin in recent years has demonstrated exponential growth.

For example, in November 2017 r/Bitcoin topped 400,000 subscribers. Less than a year later, that number has skyrocketed along with the price of Bitcoin and exceeded 914 000 users. However, together with the falling prices of BTC, the moderators have continued to experience a decline in the number of subscribers.

And finally, one of the moderators by the name BashCo shared in his that the Twitter account joyful news:

“The traffic on r/Bitcoin has been declining steadily since Dec 2017… until now. It is the harbinger of a bull market?”

Bullish sign?

BashCo interpretered events as possible bullish sign, as it means that people are once again looking for information about Bitcoin.

Co-founder of Reddit Alex Ohanian remains optimistic about Bitcoin, despite the downturn this year. 35-year-old investor believes that any increase in the use of cryptocurrencies is a positive.

“As a means of accumulation and savings, there is a certain attraction to Bitcoin, and in fact, we can observe in countries such as Turkey, which at this stage, a serious economic crisis … But still, we are at a very early stage”

Others also seem to believe in Bitcoin, which proves the record of Hasrat. Supporters of the cryptocurrency challenge any of the bad news, ranging from prohibitions of governments, and ending with the abolition of the ETF.

To predict the price of Bitcoin nobody but the influx of new users in r/Bitcoin is definitely a good sign for the most popular cryptocurrencies. There is no doubt that r/Bitcoin will reach its millions of overseas subscribers in the next few months.

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Time to buy bitcoin and sell violas

Venture capitalist Spencer Bogart, in a commentary for CNBC, said that bitcoin, despite the continuing decline, is still an attractive investment. He also added that by the end of the year, it will cost a minimum of $ 10,000.

Bogart is a partner in a major venture Capital firm Blockchain and also one of the first analysts on wall street who are seriously interested in blockchain and bitcoin and even prepared the first industry report.

Meanwhile, bitcoin for three weeks in a row is in downtrend and is “the longest decline since September, 2017”. Despite this, Bogart maintains bullish views on the cryptocurrency:

The long-term prospects are still very good… the Institutionalization of bitcoin is inevitable… Every major Bank is trying to do something in this area. Either they will offer bitcoin to their customers or they are working on a platform for storage of cryptocurrency or open offer trading.

Bogart suggested, however, that the price of many altcoins is probably “overstated”. He drew a parallel between the boom of the ICO in late 2017 – early 2018, and the dot com boom of the early 2000-ies. In his opinion, a ICO projects a lot of promise, but little do.

Bogart advised to sell violas such as Cardano, TRON, IOTA and NEO, but recommended to hold Ethereum, Ripple, Bitcoin and Cash EOS.

I like Ethereum in the long term.

However, he believes that Ethereum is currently too dependent on many overpriced tokens, and suggested that the future of Ethereum will be closely connected with the future development of ICO industry.

Bogart also noted that this is the first fall in the price of bitcoin when almost nobody says about the “end” of the cryptocurrency. He suggested that the likelihood of a deep institutionalization of the cryptocurrency space opens new prospects for bitcoin.

He also said that the ongoing instability in the traditional financial sector, such as the recent national currency crisis, plays into the hands of bitcoin.

Can the price of bitcoin to drop even lower? Of course, but do I think that in a year it will be higher than it is now? Absolutely … I’d bet anything that the end of the year the price will definitely be higher than $ 10,000.

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Bitcoin for the first time this year shows an increase over two consecutive weeks

The numerous predictions that in the spring the price of bitcoin starts to rise, it seems to be coming true.

Bloomberg notes that the increase in the price of BTC over the past two weeks was 29%. In addition to bitcoin and altcoins grow: Ripple by 19 percent, Ethereum – 7.5 percent, and Litecoin is 4 percent.

This is a mini restoration of a few “easier” effects a nearly 50% reduction in the price of BTC in the first quarter of 2018.

Now when the day of filing tax returns in the United States (17 April) passed, it became obvious that the fall in 2018, at least partially caused by the necessity of paying taxes.

In addition, in April, several traditional players with wall street, announced the beginning of work with the cryptocurrency markets, and this means that the maturation of the market, more institutional money will enter the market.

Yesterday, Dan Morehead (Dan Morehead), CEO of hedge Fund Pantera Capital, specializing in cryptocurrency, I noticed that even though the ICO series of high-profile scandals, such as the scandal around the project supported Floyd Mayweather, did not adversely affect the market..

Recall that Tom Lee predicts that by the end of the year the price of bitcoin will reach 25,000 dollars, and venture capitalist Tim Draper believes that the price of the cryptocurrency’s number one by 2025 will amount to 250,000 U.S. dollars.

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