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Crypto Market by Latvian perspective

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Latvia

Crypto market is gaining popularity all across the world and more specifically in European region where market is raising lot of money. Latvia is one of the fastest growing markets for cryptos and Coinoshi.com recently conducted an Interview with Mr.Valera Matulenko , a

lawyer and auditor for ICO’s currently based in Latvia.

Here’s the Interview with Mr.Valera Matulenko

Valera Matulenko

Valera Matulenko

Hi, Good to have you here, please introduce yourself?

Hi! I’m Valera Matulenko, I’m a Lawyer and Auditor for ICO’s  currently based in Latvia.

How you developed your interest regarding crypto market and blockchain technology?

About a year ago I began to explore the ICO world. I provide legal support for the projects.

Crypto market has already gained around 1500% this year in terms of market cap, what do you think is the reason behind its success?

I think it’s overheating of the stock market, peer to peer interest that is leading surge in Crypto market cap.

Which is your most favorite crypto currency and what is the reason behind it?

Litecoin , because of its core idea and growth potential.

Japan and South Korea are considered as pioneer in Crypto market, what Latvia and other European countries are doing to promote Blockchain technology?

The technologies of blockchain at the state level are being introduced. Specifically In the field of real estate where blockchain technology is flourishing

How to avoid a scam in Crypto market?

To establish one set of rules. Do your homework and due diligence before investing

Where do you see Bitcoin and Ethereum by the end of 2018?

BTC at about $200 000 , ETH at about $800

 

Interviews

Interview with Neil Stanley about the world of crypto currencies

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Neil Stanley

Blockchain is the greatest innovation since worldwide web says technology entrepreneur and investor Neil Stanley @nstanley who spent over a decade in capital markets at Goldman Sachs.

“I would compare Satoshi Nakamoto’s impact on the world with that of Steve Jobs or Elon Musk

“I wouldn’t be surprised to see Bitcoin heading to $100k a year from now”

Coinoshi.com recently conducted an Interview with UK based Technology entrepreneur and investor Neil Stanley about the hottest topic in the tech right now, Blockchain and Crypto currencies

Hi, Good to have you here, please introduce yourself?

Hi thanks for inviting me I’m Neil Stanley, technology entrepreneur and investor. I own a number of web and app based businesses and actively invest in everything from large cap listed stocks to startups. In the early part of my career I spent over a decade in capital markets at Goldman Sachs.

How you developed your interest regarding crypto market and blockchain technology?

I met Brock Pierce of Blockchain Capital in 2016. He compared crypto with the web in the early 1990s and that really resonated. I started reading everything I could get hands on about Bitcoin and Ethereum and made my first purchases. I even bought a mining machine on eBay but eventually sold it because we couldn’t live with the noise. Throughout 2016 as my knowledge and confidence grew I continued moving more fiat into crypto.

Crypto market has already gained around 1500% this year in terms of market cap, what do you think is the reason behind its success?

I have no doubt that blockchain is the greatest innovation since the World Wide Web. We are now going through a similar process to the dotcom boom of the late 1990s. Whilst markets have shot up I believe we are closer to the start than the end of this particular cycle.

Which is your most favorite crypto currency and what is the reason behind it?

In terms of its utility I am fascinated by Ether and own a lot. However in a fast growing market investors typically do best owning the market leader so I expect Bitcoin to perform best over the next decade. I wouldn’t completely rule out a fork becoming the dominant “Bitcoin” so, for example, I’ve retained and added to my Bitcoin Cash. I’d put the probability of this happening at about 20% but with a large position in Bitcoin itself it’s worth being hedged.

Education plays an important role in growth of any market,how important education is for crypto market?

Pretty obviously it’s very important but when it comes to the general public we are only just entering the awareness stage. I’ve been shocked to meet genuinely intelligent people this year who hadn’t heard of Bitcoin. But wait until your mother asks you how she can buy Bitcoin: that’s probably a sell signal.

How to avoid a scam in Crypto market?

Many ICOs clearly are scams and if you want to get involved then treat it like the roulette table.

From an investment perspective only back deals where the team is highly credible and you buy into the vision of what they want to achieve.

So for example one of my angel investments in the AI space is doing an ICO. They have a world class team, have already done a series A round (so don’t need cash) and are creating a token that will have real utility in the bot space. That’s a deal I am likely to invest in.

Satoshi Nakamoto is the biggest mystery of Crypto world, who do you think is real founder of Bitcoin?

No idea but it’s clearly someone who put technology and philosophy above money. I would compare his impact on the world with that of Steve Jobs and Elon Musk..

Where do you see Bitcoin and Ethereum by the end of 2018?

I wouldn’t rule out a 2014 style pull back for reasons that we don’t yet know (such as an exchange collapse or punitive legislation). But my central thesis is bullish.

To explain my thinking there are only 15 million bitcoin addresses with more than $1. So that means 

bitcoin is owned by less than 0.2% of the world’s population (much less because individuals have multiple addresses). 

Metcalfe’s law says a network’s value increases by the square of it’s nodes. So if just 1% of the world owned bitcoin (5 times higher) the price

should be 25 times higher: $250k

I also think Bitcoin is a unique asset in modern times (even compared with other cryptos) because it started off worth nothing and is on a journey to fair value. See my medium post (please link https://medium.com/@nstanley/why-bitcoin-is-not-in-a-bubble-1a4187735fd6

I have no mathematical model but know from experience how these things can accelerate. I wouldn’t be surprised to see Bitcoin heading to $100k a year from now. I’m less bullish on Ether but would expect the price to be at least $2,000.

Follow Neil on Twitter: https://twitter.com/nstanley

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Interviews

A wall street veteran’s take on Cryptocurrencies

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What’s behind the astronomical rise in price and adoption? from the perspective of a Wall Street veteran and Co-Founder of Market Traders academy USA.

Coinoshi.com recently conducted an Interview with Mr. Amro Zakaria Abdu, Co-Founder of Market Traders academy USA, who has more than 16 years of experience in International Financial Markets.

“Ethereum would outpace Bitcoin in terms of growth percentage in 2018” says Amro Zakaria Abdu.

He further mentioned his following predictions about leading crypto currencies by the end of 2018

Bitcoin: $23000

Ethereum: $1500

Monero: $500

Here’s the complete Interview 

Hi Mr. Amro, Good to have you here, please introduce yourself?

I am consultant with over 16 years of experience in the financial markets, earned on Wall Street during my tenure as vice president and regional director of one the largest publicly traded brokerage firm listed on the NYSE. Furthermore,  I am the co-founder of Market Trader Academy, a New York based educational institute that focuses on banking and global markets.

How you developed your interest regarding crypto market and blockchain technology?

I first came to know about bitcoin when I came across the Bitcoin Center which was located right next to my office on Wall Street and across the NYSE building. It was probably the first exchange of any type for bitcoin. I thought nothing much of it, foolishly in retrospect. The in mid 2016, I was invited to speak as part of a panel at the 41st annual Financial Markets Association and the topic of my talk was “The Four Trends that Will Shape the Future of Global Markets”.

Needless to say Blockchain technology was one of them and through my research I have become not only an investor in cryptos but also an avid researcher and speaker. I wrote an article that was published by NewsweekME magazine titled “Will “Share Economy” be Disrupted by Blockchain Technology?” here is the link

http://newsweekme.com/business-outlook-will-share-economy-disrupted-blockchain-technology/

Crypto market has already gained around 1300% this year in terms of market cap, what do you think is the reason behind its success?

There are two reasons. One, after the financial crises, it has become clear to a very large number of people around the world, that the banking system uses them but does not serve them. It does not mean that the banking system is bad, but it is not good enough for many billions around the world. So when bitcoin came about followed by other cryptos, the adoption as well as the utility has grown as exponentially as the price. We went from offering 10,000 bitcoins for 2 pizza pies to now having the coin listed on the top and most highly regulated of exchange in just a few short years. The second reason is the disruptive effect that tokenization has on every singly industry that you can think of. The tokenization of value will create a condition of “creative destruction” like the world has never seen with any previous technology including the internet, and with that there will be a lot of new opportunities to be captured. Hence we see many institutions getting into the space as well.

 

Which is your most favorite crypto currency and what is the reason behind it?

Besides the obvious, which is bitcoin, I like Ripple for two reasons. One, I feel that it has struck that balance between putting regulatory concerns to ease which means one less distraction for it’s development. Moreover, it’s infrastructure has already been adopted by some of the largest banks in the world for its potential to cut transaction and settlement fees and time. It is well on its way to disrupt that space. I also like IOTA as I feel it is well positioned to ride on the AI and robotics wave that has started to take over many industries,

 

Education plays an important role in growth of any market, how important education is for crypto market? 

It is paramount to the growth of any industry. Simply because people fear what they do not understand, and therefore will not engage. As such, for the cryptocurrency ecosystem to continue to develop in a sustainable way, all stake holder must allocate the resources to educate the public.

How to avoid a scam in Crypto market?

This is a tough question to answer as the space is evolving so fast that there is not one central depository of information of a streamlined protocol for business processes as there is in say the commodities market. As such, there are many minefields for a newbie that include technical ones such as where and how to safe keep the coins to internet security issues afflicting even some of the exchanges. From a business risk point of view, there are many new  ICOs being offered on a daily basis so one much be careful in not jumping into the space without knowing the fundamentals that make an ICO successful. I would say for newbies to read as much and as often as you can the many credible sources that we have around such as Coinoshi, which is a daily must-read for me, as well as follow those who are in the know on twitter as it seems to provide a reliable bell weather of what’s good and bad about the space. Having said that, there are rules that apply to all investment that include; do not go all in, diversify. Do your due diligence on the company, regulation if any, and who is behind the coin/token. Last but not least DO NOT INVEST MONEY THAT YOU CAN NOT AFFORD TO LOSE.

 

Satoshi Nakamoto is the biggest mystery of Crypto world, who do you think is real founder of Bitcoin?

There was a rumor that Elon Musk was Satoshi Nakamoto, but to the disappointment of many, he denied that he was. To be honest, I hope no one ever finds out who he is and for him to remain as encrypted as the revolution that he has started. That is important, because as an unknown, he can be claimed by everyone just as he can be rejected by no one. He is as agnostic as a mathematical cryptograph hash function that works the way the algorism dictates without prejudice of any kind.

Where do you see Bitcoin and Ethereum by the end of 2018?

I came on CNBC Arabia TV earlier in the year and predicted $10,000 by end of 2018 and boy was I conservative.

So I will adjust that to $23,000 by end of 2018 barring any disruptive regulations such as criminalizing cryptocurrencies, which will slow down adoption that that will certainly put a monkey wrench on this crypto party.

I expect Ethereum to outpace bitcoin in terms of growth percentage as smart contracts become more and more mainstream. So I say $1,500 by end of 2018 for Ethereum

Thank you Mr. Amro Zakaria Abdu, pleasure to have you

You can follow Mr. Amro on twitter : https://twitter.com/aswagalmal

 

 

 

 

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