February 14, 2019
Lightning Coming to Square Cash Cash App is ‘when’, not ‘if’
– Jack Dorsey
Editorial
2019: A Market Undecided
The Year of the Pig is upon us, celebrating an animal that in Chinese culture is known to represent wealth, general prosperity, hard work, and more.
But when we look back on the 2019 market in the future, will we say that it was bullish (and in line with the Year of the Pig), or will we remark on how the bears continually prevailed?
Astrology can be fun, and it can be enjoyable to look at predictions for your Zodiac sign in an attempt to get a handle on your life. But for those of us who are looking for cold hard facts, perhaps there is a way to shed some light on what this year will turn out to be: bear vs bull.
Let’s read into history of and see what it tells us.
According to a discussing analyst , “The chart in question outlined the U.S. dollar value of from mid-2014 to current, while also doing its best to predict future price action.
According to Filb’s drawn lines, may have already established a long-term bottom at $3,150 in mid-December, when the asset briefly moved under its a key moving average. Interestingly, the same series of events occurred when the flagship bottomed in 2015, a year and a half before 2016’s halving.”
In conjunction with this, the for are the highest they’ve been since January 2018. Of course, only time will tell if this will be a year of the bear or a year of the bull. Either way, hopefully you have a prosperous Year of the Pig.
Opinion
With ever turbulent times in the world economy there is one important question on the table: what do people turn during tough financial times?
There are the classics options of course: buy gold, buy gems, buy physical commodities that you can resell later. This has long been the safe practice, but we may be seeing a change.
There has been some interesting recent correlation between stocks and , which may have been in response to dropping gold prices. Gold rose from $1,160 in August 2018 to a recent high of $1,325, but has been tapering around $1,310 the last few days.
Stocks, on the other hand, seem to be in a sharp V recovery, having reached their bottom of 21,700 in December, and as since risen back to above 25,000.
There are a few reasons this increase may be happening, it could be Fed Chairman Jerome Powell backtracking on his threats of more interest rate hikes, or perhaps it is just because the US economy is doing relatively well (inflation down to 1.9% from 2.8%).
Top cryptos are also back in the green, seeing some increases as we move deeper into February. Are cryptos following the US stock market instead of following gold?
If that is the case, it could mean that general investors feel more comfortable putting their money into stocks and crypto when it comes to “failsafe” investments, as opposed to going the traditional route: gold.
Will we see more people trusting in crypto in the coming year, and a subsequent bull year because of it? Only time will tell, but if crypto is being viewed with the same mindset as stocks it could mean great things for the community.
If you want to read a full write up on the concept, check out this article at .
Digests
One thing that could possible help turn this into a bullish year would be more across the board, especially if it involves the general public.
The Square Cash app has more than 7 million users, which makes it a huge deal that they are going to integrate with the Lightning Network to allow payments.
, CEO, “We would love to make [] as fast and efficient and transactional as possible, and that includes looking at our seller base and register,” he said.
“It’s not an ‘if;’ it’s more of a ‘when’ — how do we make sure that we’re getting the speed that we need and the efficiency?”
By giving users the ability to pay with using an app they may already have on their phones, Square Cash app may be the perfect stepping stone that need to fully enter the mainstream market.
Combine Square’s of with the fact that a just launched ATMs, and we’ve got good all around.
Investing
Over the last few years we’ve seen the community pour tons of money into and the industry in general. Now we’re seeing the opposite: a crypto company investing in the community.
, a Silicon Valley company, has to the University of Kansas in an effort to support and digital payment related research. It won’t all be given as a lump sum, of course, but rather over five years in $400,000 installments.
The main benefactors of this donation will be the students in the Information and Telecommunication Technology Center at the Kansas School of Engineering. The most exciting part is that the university gets to determine their own research topics.
will be collaborating with the students and faculty to share their technical resources and expertise.
Who knows exactly what type of impact this will have on the community as a whole, but if other companies follow in ’s footsteps it could increase public opinion about as a whole.
In the Tweets
News
“CZ, the CEO of has once again paid attention to users and added a feature that allows the purchase of XRP directly through credit cards via . added the feature of buying via credit cards on January 31, 2019”.
Crypto is moving further into the mainstream with support for . Mobile app Spend now allows crypto users to buy, sell and pay with at over 40 million locations. The platform works by allowing mobile users to access a multi-currency digital on their smartphones by linking to a bank account”.
Ric Edelman, a prominent financial markets analyst and founder of Edelman Financial Services, recently said that a () exchange-traded-fund () will “certainly” be launched.
Information provided on Coins.Live is general in nature and does not constitute for financial advice. Consult a financial or legal advisor. Coins.Live does not guarantee the accuracy of the presented data and is not responsible for any or investing decisions. Please read our .
Published at Thu, 07 Mar 2019 22:04:05 +0000
