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What is the 0x Protocol?

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0x

All assets will be on a blockchain eventually

Atleast thats what the creators of 0x protocol believe. It’s not trade secret that cryptocurrency exchanges are plauged with security threats onana almost daily basis. Many Blockchain evangelists beileve that the key to stemming the tide of hackers is to create a decentralized exchange. 0x has found a way to incorporate the best of both the centralized and decentralized worlds.

the 0x protocol is no shitcoin, in fact it is probably one of the most useful tokens to exist on the ethereum blockchain. Its creators believed that eventually the ethereum blockchain will trade assets of all kinds, and will need a way to exchange those tokens easily.

0x attempts to help improve decentralized exchanges

The 0x Project is more like a decentralized exchange than a centralized one with some key differences. 0x was created to solve the primary problems decentralized exchanges present. mainly the facts that they are expensive, slow, illiquid, and are not interoperable. operating an exchange on a blockchain usually means fees associated with transactions and trades that become prohibitive. The 0x protocol was designed to solve those problems by standardizing the protocol. this protocol sends orders back to the blockchain after settlement instead of on a transactional basis. Thus the 0x protocol is much faster and more efficient.

Built to be a foundation

The 0x protocol is designed to be used as a means for developers to build their own decentralized exchanges. An added bonus for Devs is that 0x charges no fees so you have the option of having a fee free exchange. Currently unfortunately you can only use the 0x protocol with Ethereum Erc20 tokens. 0x is only compatible with the Ethereum virtual machine so it is unlikely you will be able to trade other promising coins like Stellar with it. IF you are an investor i can only suggest that you remember that 0x is directly dependent on the continued growth of the ethereum platform and its production of tradeable coins. If another platform takes over the smart contract game then it is likely 0x will be quickly forgoten.

Use case matters

My favorite coins to talk about are coins with actual use cases that are ACTIVE, not those undeployed promises some platforms offer. THis coin was designed in conjunction with some of the biggest names in cryptocurrency including Coinbase. With their recent publicity i though it would be good to teachfolks about what 0x actually does. Now that you know you can check out the exchange they created here

ICO / Crypto

Can cryptocurrency survive a gobal financial crisis?

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Is cryptocurrency a hedge against economic downturns?

The answer to this question is quite controversial, some would say yes because this is what crypto was made for; while others would chime that crypto is unproven in a downturn and will need to survive its first one before we can feel at ease about its survivability. Much of your perception on whether bitcoin and cryptocurrency in general will survive aneconomic crisis, is based on where you stand about cryptocurrency in general. Today we will talk about the possible survivability of cryptocurency in a crisis.

Is Venezuela a test case

Right now in Aouth America there are several financial crises transpiring that may create possible examples of how crypto will fare in a financial storm. In venezuela reports are coing out that many people are choosing to use cryptocurrency to pay for life expenses. The national government under President Maduro have begun to implement their own state backed cryptocurrency called the petro. The Petro is an asset pegged to the price of a barrel of oil and the Venezuelan government hopes it will help them escape dollar tyrany. Hyperinflation has taken its toll on Venezuelans but many of them were informed enough to seek financial refuge with cryptocurrencies. This is a great example of how when value leaves fiat the holders will seek to run to other assets to store value; that exodus now has cryptocurrency as an outlet for the fleeing fiat users.

We may see a big example soon enough

Much of the world is currently on the precipice of a financial downturn and if america keeps behaving the way it has been then we will likely see a major crises emerge in the next 5 years or so. some analysts see a move away from the dollar as a potential catalyst whilst others proclaim that the trade war and student debt will push us into the downturn of this decade. Unlike those times prior, now cryptocurrency has created and outlet for those funds that “dissappear” from markets as the major stakeholders cash out. The financial bigwigs are likely going to enter the cryptospace as they will soon see it as a way to maintain some value in the crises they create.

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Global markets are getting volatile as trade spats continue.

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Trade wars taking their toll

This trade spat between the united states and China is becoming increasingly burdensome upon the people of the world. Emerging markets are tanking and as of this week the american market is also strugling. In america the pullback can be attributed to the corporate shareholders who have been on a buying frenzy, taking a breather and starting to sell. this has kocked the DOW and NASDAQ off off all time highs and caused concern for the smaller investors. There is widespread reports of a possible recession caused by these market circumstances and it could be big. Some cryptocurrency supporters believe that this round of economic turmoil will translate into a run up in the prices of bitcoin and some altcoins.

Will bitcoin prevail in the next downturn

for most of this year stocks in the usa have been on a tear rising similar to how crypto did in 2017. Some are saying this rise will lead to a huge correction that will lead many investors to begin using cryptocurrencies. They site the instances of countries like Venezuela who almost immediately turned to bitcoin and crypto in the midst of its current crisis. I personally hope that this current downturn comes to an end and hopefully some of that money in the hemorrhaging stock market s will find its way into crypto.

Check out this video that kind of explains some of whats going on from the crypto lark over on Youtube!

source

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ICO / Crypto

In a bloodbath be a market vampire

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Cryptocurrency is hemorrhaging and im a hungry vampire

Since the beginning of 2018 the cryptocurrency markent has experienced an epic sell off. Currently 90% of all cryptocurrencies are down atleast 80% from their highs a year ago. Some of you probably think this is the end of Bitcoin, but it is more likely the end of many Shitcoins with inactive platforms or illconcieved concepts. It is likely that over the next few months many coins will begin to get delisted a their values drop below $0.00, only the strong will survive this rapture.

You’ll live if you have an active platform

Platforms like Stellar, Binance, and Steemit are likely to endure through this apocolypse mainly due to their strong platforms and huge fanbases that, not only believe but also work hard to keep the blockchain running as a commnity. The coins that are still hinged upon promises and illusions will fall to oblivion. Take this time to evaluate you portfolia and rid yourself of shitcoins and prepare for the great buying opportunity that is about to present itself.

The long road ahead

The last bitcoin bear market lasted around 14 months and when it ended it still took nearly a year for crypto to really rally in 2017. This recession was an inevitable happenstance that many professional analysts predicted. In 2018 all the rumors were that Bitcoin would drop over 70% before rebounding and surpassing its all time highs. With all this news about institutional investments coming into cryptocurrency It is doubtful that the industry is dead. On the contrary I think it is the beginning of a new period in the crypto economy. Regulation is coming and when that happens the Institutional investors will begin pumping crypto as they build their corporate positions for the future.

### Watch the charts

Right now is not a very good buy situation but it would be a good idea to open positions after BTC droppes below $6000 because a strong rebound is likely. I say that because around $5900 is the mining profitability threshhold. We all know miners control the BTC market so it is a logical pivot and point of support for bullish traders. Try to average into the market and remember that your in it for the long haul.

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