propersix-blog

[propersix-blog]

2020 Future is ProperSix

The new year of 2020 is here! I hope that it demonstrates great opportunity for many, especially within the crypto space. One name to follow and pay attention as the market space grows larger will be the ProperSix brand. ProperSix has successfully obtained strong funding, securing the soft cap requirements a few months ago. Recently, the ProperSix IEO ended where the token price closed at .01 cent. The brewing crypto market breakout coming forth this year will generate extreme opportunity for many to grow their wealth. The Dow Jones is approaching the 30,000 range and the inflation of fiat USD currency is growing at a faster rate than most can compete with. With this stated, what other asset classes can offer prospects for an individual to create more wealth for themselves?

2020 Future is ProperSix

This leads me to the understanding of exchanging those useless fiat dollars for something more. While, I will admit that it is far from easy to determine which upcoming crypto projects will lead to the greatest potential, value creation should be considered relevant. The Pro6 token will allow users to participate on the ProperSix Casino and ProperSix trading platform. These tokens become the gateway to many opportunities, provided the profit generation of the company remains in upwards escalation. Personally, I do not gamble, but knowing that many do, will ensure the casino platform will be used often, which ensures profitable growth.

·> 5th Generation Blockchain –the future of crypto platforms.

·> A.I. Algorithms – becoming the strength backing node and block verification.

·> Fasted transactions rates; 6,000 per second plus – this has already been verified by the team.

·> Raindrop MFA – maximum security for user accounts, protecting against possible hackers.

·> Fantastic customer service – answers to your questions are produced in a timely manner.

·> Escrow accounts – third party entity, willing to back all transactions for the end user.

·> Fiat to crypto – this option allows for credit cards to be used, in order to purchase various cryptos.

When any new company looks to enter the market space, they must generate a use for the company name. It is very apparent that ProperSix has done such. During the 2019 year, the team visited many crypto expos, while promoting their brand name. We are awaiting the evidence of their success as many unknown partners are trying to establish themselves with the ProperSix brand. The potential of these partners will determine the growing success of ProperSix. One can envision that a company offering an improved blockchain will take the lead among rising competition.

The dynamics of the crypto space are changing greatly, especially after the first ten years of creation. The ProperSix team will welcome new ideas and look forward to developing grand projects with new partners, especially through their white label solution. I encourage all to take a moment and read the ProperSix white paper, as well as check out the link below and sign up today to become a part of this thrilling crypto future of 2020!

                              https://www.propersix.com

[propersix-blog]

Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020

Thomas Lee took to Twitter to share Fundstrat’s 2020 Crypto Outlook. The firm reveals that the cryptocurrency is poised to print gains of over 100 percent this year.

Author:

Kiril Nikolaev

@kirilnikk123

The crypto community is on the fence on the May 2020 halving. Thomas Lee believes that it along with two catalysts will push bitcoin much higher. | Credit: Reuters/Dado Ruvic/Illustration

The crypto community is on the fence regarding the May 2020 halving.

Fundstrat founder Thomas Lee believes that the halving along with two other catalysts will push bitcoin to greater heights.

Other analysts are also bullish on the orange coin as they predict that a new all-time high is on the horizon.

There’s an ongoing debate in the crypto community regarding the May 2020 bitcoin halving. Many are claiming that the bullish catalyst is already priced in. In other words, market participants who are expecting a sharp rise in bitcoin’s value once the halving occurs would be disappointed.

However, some heavy hitters believe that the halving is far from being priced in. One personality thinking along this line is Fundstrat founder Thomas Lee. The widely followed market analyst took to Twitter to share Fundstrat’s 2020 Crypto Outlook. The firm reveals that the cryptocurrency is poised to print gains of over 100 percent this year.

The Convergence Of Three Catalysts To Send Bitcoin Into The Stratosphere In 2020

The top cryptocurrency rewarded investors with handsome gains of 92 percent in 2019. This year, Fundstrat predicts that the king of cryptocurrencies will perform even better. According to the firm’s 2020 Crypto Outlook report, there are three key factors that can act as bullish catalysts for the cryptocurrency.

The first one is geopolitical risks. Earlier this month, bitcoin’s value soared as the conflict between the U.S. and Iran escalated. Further tensions in the region on top of the trade war between the U.S. and China will likely cement bitcoin’s narrative as a safe-haven asset.

The second factor is the 2020 U.S. election. The uncertainty in the outcome of the election might push big money investors to hedge with bitcoin. This would strengthen the cryptocurrency’s use-case as digital gold.

Lastly, Fundstrat believes that the 2020 halving is not yet priced in. This catalysts alone should be enough to send the dominant cryptocurrency skyrocketing as seen in past performances.

Fundstrat believes that the occurrence of these three events will push bitcoin to gains greater than 100 percent. This would put the cryptocurrency in a strong position to become the best performing asset for the second year in a row.

The Halving To Be The Biggest Bullish Catalyst In 2020

Other analysts are also bullish on the orange coin as they look forward to the halving in May. For instance, Crypto Godfather believes that the bear market is coming to an end and bitcoin will once again ascend to $20,000.

Crypto Godfather is not the only analyst who thinks that bitcoin will recapture $20,000. The bullish Bitcoin Macro claims that the halving would only be priced in once bitcoin breaches $20,000.

Todd Butterfield, the owner of the Wyckoff Stock Market Institute, agrees with Bitcoin Macro and Crypto Godfather. The Wyckoff expert also sees bitcoin printing a new all-time high. He told CCN,

We are still expecting a move to all-time highs, but if [the] $7,600 level is breached on the downside, then I think we see a swift move below $6,400 to make our final low.

The seasoned trader added,

From there, we would then have the rally to new all-time highs we have been looking for.

So far, bitcoin bulls have held support of $7,600, and the crypto is now trading above $8,000. As the digital gold continues to show signs of strength, it is becoming difficult to dismiss the bullish claims of Thomas Lee and other analysts. Looks like 2020 will be an exciting year for bitcoin hodlers.

Disclaimer: The above should not be considered trading advice from CCN. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

This article was edited by Gerelyn Terzo.

Last modified: January 11, 2020 5:00 PM UTC

Kiril Nikolaev

@kirilnikk123

Kiril is a CFA Charterholder and financial professional with 5+ years of experience in financial writing, analysis and product ownership. He has a bachelor's degree with a specialty in finance and lives in Canada. Kiril’s current focus is on cryptocurrencies. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. He owns Bitcoin, Ethereum, and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading. Follow the author on Twitter @kirilnikk kirilnikk123@gmail.com

[propersix-blog]

World Cash

Cash management and cash technology provider G4S published the first World Cash Report analyzing data from 47 countries over the past 5 years.

The study finds that although digital payment volumes have been growing fast, cash transaction volumes are also growing, showing that consumers like using a variety of payment tools for their purchases. Indeed, G4S states that “there shouldn’t be any competition between cash versus non-cash, nor should it be an either/or proposition. There is simply a need to make payments in all circumstances, and both cash and non-cash payment instruments adequately fulfil this need” (p.130).

Overall, 17 out of 24 countries reported over 50% of transactions in cash. This number is up to 78.8% in Europe in terms of volume, and 53.8% in terms of value. The report also found that traditionally cashless companies and activities are beginning to offer cash payments as they widen their reach to appeal to the unbanked but also to consumers that have a preference for tangible money. For example, in the Arab world, 50% of online shoppers prefer Cash on Delivery. This number reaches 70% in Egypt.

A list of country fact sheets is provided at the end of the report.

To read the full report, download it here below.

Another week, another round of Crypto Tidbits. The second week for the year 2020 was a lot more exciting for Bitcoin and the broader cryptocurrency space than the first. Per data from Coin360, the leading digital asset, BTC, gained 10% on the week, hitting $8,160 as of the time of writing this. Altcoins across the board have posted similar gains, with forks Bitcoin Cash, Bitcoin SV, and Litecoin really standing out.

Market aside, the underlying industry was as busy as ever, with there being a number of stories published over the past seven days that could have a larger impact on the cryptocurrency space.  They are as follows.

Related Reading:

Crypto Tidbits: Bitcoin Branded a Scam, Ethereum Upgrade Completed, Telegram’s ICO in Crisis

Bitcoin & Crypto Tidbits

Elon Musk Drops the “Bitcoin” Bomb on Twitter: In a tweet published Friday morning, SpaceX and Tesla CEO Elon Musk joked that “Bitcoin is *not* my safe word.”  (If you don’t know what “safe word” means, please search it up.) The tweet quickly went viral, garnering over 100,000 likes on Twitter. It isn’t clear what exactly the technology entrepreneur was suggesting in tweeting this, though he has long referred to this industry with jest. Musk joked he was the chief executive of Dogecoin during April Fool’s Day in 2019, once randomly tweeted “Ethereum”, and once joked about “cryptocurrency” being his safe word.

Japanese Corporations Enter Crypto Mining Game: According to a recent report from Bloomberg published on January 7th, SBI Holdings — a financial services company group based in Tokyo, Japan that works closely with crypto-centric fintech upstart Ripple — and GMO Internet, an internet service provider that has been mining cryptocurrency for multiple quarters now, has entered an agreement with Nothern Bitcoin AG subsidiary Whinstone Inc. This agreement allows the two Japanese firms to use Whinstone’s facilities in Rockdale, Texas to mine Bitcoin and likely other cryptocurrencies. Whinstone’s parent company, Northern Bitcoin, has said that their Rockdale-based facility will have a mining capacity of 1 gigawatt by the end of 2020, a record.

Chinese Tech Giant Baidu Launches Blockchain Beta: On January 6th, Baidu — a Chinese technology and internet giant most often called “China’s Google” here in the West — unveiled its latest project: “Xuperchain,” a blockchain system for businesses, now going into beta. According to the translated version of a flashy new website outlining this new offering, this now-in-beta network will allow users, preferably operators of smaller businesses, to build and deploy blockchain applications to help bolster their businesses.

Bitcoin CME Options Launch Nears: Next Monday, January 13th, the CME will launch a Bitcoin options derivative market, which analysts will say will boost institutions’ capability to hedge risk and invest in this market.

NBA Player to Soon Use Ethereum: Brooklyn Nets player Spencer Dinwiddie revealed that he will soon be launching a bond representing himself on the Ethereum blockchain in collaboration with security token platform Securitize.

Bitcoin Exchange Deribit Leaves Europe as Regulatory Pressure Mounts: In a blog post published on January 9th, Bitcoin derivatives platform Deribit, a platform frequented by many crypto traders, revealed that it is officially leaving the Netherlands due to the Fifth Anti-Money Laundering Directive (5AMLD), a regulation set to be implemented in a majority of European countries on January 10th. Deribit will be setting up operations in Panama, where there are laxer laws, to operate the new platform. “The Platform will move to Panama, as we wish to continue offering an easily accessible trading platform at very low costs. Regardless of this move, Deribit users will still need to comply with KYC laws to trade Bitcoin on the platform, with all being forced to submit their legal name, name, date of birth, address, and country of residence.

Featured Image from Shutterstock

Tags:

baidu

bitcoin

elon musk

japan

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

2018 World Cash Report

[propersix-blog]

Cryptocurrency Exchange

Without question, the crypto space is the Wild West. Multiple people have lost a lot of fiat currency due to the “unexpected” occurring. Many lost a nice amount on cryptopia.co.nz exchange, including myself. These are the lessons learned through time. Personally, I do not recommend that any individual leave crypto on an exchange, unless you’re actively trading. Even then, ensure that you have only a portion online when dealing with various exchanges.

This is why ProperSix offers a Cold Storage Wallet alternative, which is a great source for keeping yourself protected from the unanticipated. All this leads me to regulation, which is a hot topic internationally at the moment. Too much government oversight is not a welcomed thought, but some regulation is much needed to ensure the consumer is protected from fraudulent companies. ProperSix does make it very clear that zero warranties are given, so it is on the end user to be responsible for their cryptocurrency exchange management. The international crypto industry is considering regulation through the following aspects:

                                   Cryptocurrency Exchange

· Token creation — thousands of entities possibly will create a utility token.

· Token distribution — various methods, such as airdrops and forks. · Token storage — wallet and key management, along with software                   programming. · Exchanges — centralized, decentralized and peer to peer services. · Payments systems — consumer payments, business to business services   and billing options. · Token mining — mining pools, cloud mining, remote hosting and hardware distribution. · Token Investing — asset management accounts, retirement accounts and brokerage services. · Other — software development, identity compliance (KYC), blockchain analytics. Governments will try to inch into control of all mentioned throughout time. Although, other tribulations may present themselves in the blockchain environment that government cannot stop. Best example of this would be hackers or malicious software ran by specific cyber organizations with intentions of stealing data and crypto funds. Numerous exchanges have been subject to serious hacks over the last ten years. As a note to remember, the Pro6 Token will be an ETH based token, therefore on an open sourced network that is also prone to transaction congestion. ProperSix has taken many steps to reduce third party involvement as a means to protect members from hacking abuse. The ProperSix exchange will offer at least two layers of KYC protection. It is advised that all members of ProperSix engage in the security measures set forth by the company. Such procedures being used are E-mail Authentication, Google Authenticator, Login Passwords, SMS Authentication, Trade Passwords and Anti-Phishing Codes. Interesting enough, ProperSix will offer an Escrow option as well. This will be done through the use of blockchain and smart contracts in efforts to give members more privacy and transparency. Seems that the ProperSix team plans on staying around in the crypto space for many years to come with the dynamic array of options they are presenting to end users!

Homepage: https://propersix.com

Instagram: https://www.instagram.com/propersix/

Twitter: https://twitter.com/ProperSixLTD