Hello steemians,
Bitcoin silently surpass Silver marketcap!
Silver institute estimate the total amount of Silver stock above ground at 2.3 Billions Oz, piced today at 17.65$/oz , as result estimated silver marketcap is 40.595 billions $.
So Bitcoin is 15 % above silver marketcap with 46.6 Billions Mkp at today price.
Precious metals will be the special subject of a future blog post, for now let's go for some crypto news:
.Cumberland Mining offers to convert Bitcoin held by MT. GOX to cash. AS BTC price is over 2500$ , the remaining 202k BTC of GOX desaster are enought to be solvent again and refund clients in $ at 1:1 ratio. Cumberland mining is willing to be the intermediary of such payment.
.Particl tokens of decentralized privacy platform and marketplace might be available to trade the June 30th.
Testnet is already running. Particl foundation formation has been delay for 2 weaks because of documents and obligations issues with Swiss government.
https://particl.news/project-update-june-6th-2017-eeec12500754
.Neos V3 release should get out June the 30th, this new base Social Media and decentralized Web oriented is currently tested by developpers and beta client should be available to neos slack members this weekend.
.Chronobank Time wallet is expected end of june aswell.
Yesteday, I've read their business outline document and i really liked it. This tech could take care of many societal problems.
For some of you that doesn't want to withdraw through Fiat but dislike Tether option, LH token will probably be used by exchanges as stable and decentralized currency P19.
Fundamentals are very strong as Chronobank is a rare undervalued project that have more funds available for development than the current market cap valuation.
https://chronobank.io/files/business_outline.pdf
.XC announce Dungor as new team member and a node system to support the futur platform specific features and mobile app's.
5K XC will be necessary to own a node.
.NXC Beyhond the void game will be on steam platform:
Have a great day!
Links:
http://www.silverinstitute.org/site/supply-demand/silver-production/
https://www.cryptoninjas.net/2017/06/08/cumberland-mining-offers-convert-bitcoin-held-mt-gox-cash/#comments
https://chronobank.io/
https://blog.chronobank.io/
https://bitcointalk.org/index.php?topic=1680361.0
https://bitcointalk.org/index.php?topic=1564157.0
I am going to be stackin silver ... backin up the truck!
Great article..crypocurrencies especially Bitcoin, Etherium and Steem are the future...
I sure agree with you
@azubuike thanks for your comment. @damarth post and links are solid because they portray the real picture and strategic movement of the future of cryptocurrencies...hence upvoted...good one indeed
It's amazing what this new asset class of crypto currency's has done. In saying that both of these assets... metals and crypto... are long term holds and are like the antidote or kryptonite to central bankers and Money printers around the world. These cronies think that the people first of all, will have trouble figuring it out terms like HARP, TARP, NIRP, quantitative easing, the long end of the curve the short end of the curve, asset-backed securities's ,derivatives ,zero interest rate policies and second of all be to indebted to society like a slave to even have the energy to try to understand what the hell is really going on. ryan313
Look up for the price of platinum, the price will skyrocket in 1 or 2 years again. The price dropped down in the last time
I agree with this too. Platinum to gold ratio historically at this point is out of whack ! platinum usually trades at a 30 to 40% premium but now trades at a 25% discount !!!!that's a buy-and-hold of ever saw one! This another sign of central bank manipulation these metal prices should be twice what they are. But for the average guy that's been great hoard and HODL until the rest of the world experiences FOMO in metals and crypto assets
yes, Platinium might be more interesting than silver from a speculative point of view.
I would agree.... both i think will explode ! OVER 1-3-5-years... Each rally getting more strength.
In the future news, Gold almost surpass Bitcoin marketcap.
I love silver.
Resteemed.
Interesting facts, keep the good work up.
Great article! but currently Bitshares are giving most returns and etherium will overtake btc soon
Well deserve for Bitshares.
Next target: the marketcap of gold. :)
Then BTC would be priced at 400k/ 500k $ :)
I still add to both, but there will be a tipping point that you will trade crypto for physical
I fear alot of people will be hit with the decline of fiat currency before they least expect it. It is smart not to put all your eggs in one basket.
I know with like 99% certainty that when I open an article entitled crypto news that I am going to get some new information on cryptocurrency but there's still a small part of me hoping that it's some big cryptozoology news.
I mean it's cool that bitcoin is going up or that coinbase did something new, but you would really peak my interest if the news turned out to be Bigfoot rampaging the English countryside or a Chupacabra spotted lurking outside of Dallas.
Followed, re-steemed and upvoted!
amazing article so much in depth info, bitcoin passing real physical silver! funny
Great post. Silver imo is most undervalued asset in the world, being manipulated by the big banks like Deutsche Bank. But future is in cryptocurrencies, since we live in digital world.
@damarth this post reminds me of another Steemian's post
that has this line - BTC is a poorman's gold
who's poor ya say? :D
last time I checked it was on $3k - now ascending
do you think it'll pull back up and maybe higher this time?
Follow me i follow you trust me Its true
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