March 1, 2019

Investors Believe Bitcoin Could Eventually Reach Between $100,000 and $1 Million

Cryptocurrency enthusiasts and investors seem to be very bullish about the future of the cryptocurrency market. In a recent poll conducted by the crypto trader Magic Poop Cannon, 72% of respondents believe that bitcoin (BTC) will surpass $20,000 in the long-term. 42% of the respondents said that bitcoin would grow up to $100,000 and eventually reach $1 million.

Could bitcoin Reach $1 Million?

In a recent tweet poll, Magic Poop Cannon, almost 3,000 votes gave their opinion regarding the future of the crypto market. 72% of the respondents mentioned that bitcoin is going to be traded above $20,000 in the long-term.

This is very bullish for Bitcoin, a digital asset that has been in a bear trend since December 2017. At that time, bitcoin was traded close to $20,000 but then it dropped down to $3,250 just a few months ago. That represents an 80%+ decrease in over a year. The whole cryptocurrency market has been affected. There are several digital assets that lost more than 90% of their value.

Magic Poop Cannon is a professional trader that gives his views on the crypto market. He predicted back in May that bitcoin was going to be falling under $6,000. He has also mentioned that bitcoin has already bottomed and that there will be a period of accumulation before the start of a bull market.

The trader said that he sees bitcoin going to $100,000 and it could eventually reach $1 million. About it, he commented:

“For my long term view, I see bitcoin going to at least $100,000 within four years. I think it could even reach $150,000 in that time. Eventually, I believe it could surpass $1,000,000. Where do you see BTC going in the long term?”

For my long term view, I see Bitcoin going to at least $100,000 within four years. I think it could even reach $150,000 in that time. Eventually, I believe it could surpass $1,000,000. Where do you see BTC going in the long term?

— MAGIC (@MagicPoopCannon) February 26, 2019

There are other analysts and crypto experts, such as John McAfee, that have also predicted bitcoin to reach these levels. For example, Mr. McAfee said that bitcoin is going to reach $1 million before the end of 2020.

Mark Jeffrey, the author of the crypto book “bitcoin Explained Simply,” expects bitcoin to be traded close to $250,000 in the future.

At the time of writing this article, bitcoin is being traded around $3,881. It also has a market capitalization of $68.18 billion.

Published at Fri, 01 Mar 2019 21:05:37 +0000

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COSS.IO, a Comprehensive Cryptocurrency Platform for Crypto and Fiat Communities

Singaporean cryptocurrency platform COSS, (Crypto-One-Stop-Solution platform) has entered into its beta phase, offering a handful of new services. The blockchain supported platform combines its own digital wallet service, exchange, as well as a merchant platform, for community members to trade currencies and interact with one another.

Initiated by MIT fintech course committee members in early 2016, the COSS initiative’s success is a direct result of a collaborative effort between course participants, the COSS development team and company CEO Rune Evensen. After careful project planning which culminated at the end of 2016, the beta phase of the COSS cryptocurrency ecosystem is now underway.

COSS has been touted as a self-sustaining ecosystem, able to support numerous additional startups within its structure and a design that allows an infinite lifespan. Learning from past mistakes of the bitcoin development team, the COSS team is focused on platform security, which, along with plans and platform’s technical specifications, is outlined in the company’s 2017 whitepaper.

The COSS beta platform aims to provide maximum usability and simplicity for its users, within an ecosystem design that can be handled by not just the technically gifted but everyday crypto-enthusiasts. The platform’s system combines cryptocurrency and fiat services to users, over a single registered account.

COSS beta soft launch version utilizes a fully operational payment gateway (POS) system, on its exchange. The beta platform gives new users a feel of the COSS platform as its development comes to fruition. In addition to the cryptocurrency exchange, COSS will soon wheel out its additional features, including a crowdfunding tool, ICO platform, third-party plugins, Market cap/coin overviews, blockchain forum, remittance and payment gateway.

COSS cryptocurrency platform utilizes VEROS as its native currency through Ethereum smart contracts. The smart contracts serve to govern the distribution, validation, value and confirmation of the VEROS tokens. In addition to VEROS, the COSS platform supports a broad range of cryptocurrencies, with the fiat-to-crypto conversion feature made possible by its exchange. In the next phase, the platform will incorporate all the previously mentioned changes, while making room for further feature addition and updates.

Images courtesy of bitcoin PR Buzz

The post COSS.IO, a Comprehensive Cryptocurrency Platform for Crypto and Fiat Communities appeared first on Bitcoinist.com.

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