Future of Bitcoin: life or death?
"The head of Pantera Capital Dan Morhad and investment director Joey Krug continue to view the prospects of bitcoin positively", - writes Forklog. Morhad and Krug note that bitcoin outperforms cash, electronic fiat money, gold, bonds, and other well-known financial instruments. Pantera Capital quotes the historical bitcoin price chart from July 2010, demonstrating stable exponential growth. "Building on the historical trend line, we can project that by the end of 2018 the price of bitcoin will be about $ 21,000 and $ 67,500 by the end of 2019," Dan Morhad predicts.
Another opinion: According to Jordan Belfort, known as the Wolf of Wall Street, multiple price declines that occurred in June 2018 show that BCT is likely to meet its "last days". The Wolf of Wall Street went on to say that this kind of situation with reducing the value was inevitable. Nevertheless, even if the predictions of Belfort might become a reality, still the world of crypto continues to develop and brings us more and more new ideas and updates.
Many coins at one stable portfolio
As we know, “stable coin” is a term used to describe cryptocurrencies that meant to hold stable values. Despite these opinions about the life of bitcoin, this cryptocurrency is a relatively stable coin. Like any cryptocoins, it falls and rises in price, without passing the minimum threshold.
To reduce risks and the volatility of your assets, the MultiToken project is going to create such a token based on Ethereum that will be equivalent to bitcoin and other popular coins. There will be an opportunity to create multitokens that will include substitutions of the most popular coins just basing on Ethereum network. All mature investors know, that it is necessary to divide long-term investments into parts and invest in different assets as well as at least sometimes redistribute funds between these assets.
MultiToken has developed the smart contract which is not just keeping tokens at one “basket”, but is also maintaining their proportions. The rebalancing of such a portfolio is automatic, and the system of arbitration restore the original proportions of tokens, exchanging cheaper ones for more expensive ones. This process occurs immediately, as soon as the interest of the arbitrator exceeds the commission for the Ethereum transaction. Such a mutual benefit of the holders of tokens and arbitrators ensures the reliability of MultiToken. At the same time, the tokens storage on this smart contract is safe - just as on any other wallet. As for choosing the proportions of assets, we can either redistribute them ourselves or copy the strategy of successful funds.
The MultiToken project continues to develop, and for now, these guys offer the opportunity to create test multitokens to try all different 6 types of rebalancing (including automatic, manual and their options) and to see predicted income. With the help of the MultiToken, users will be able to make their profit grow, and in case of a drop, their gain will fall slower than the market.
Other channels:
https://medium.com/@multitoken
https://twitter.com/multitokencom
https://www.facebook.com/multitokencom
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