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  • Tokenisation to be expected as one of the main trends in 2019
  • Can Blockchain change the way we shop online

One of the main trends of 2019 is expected to be tokenisation. This can be anything from a pizza delivery service to artwork can be subjected to tokenisation. Along with AI development, tokenisation will give us an opportunity to order goods and services carried out by autonomous machines and pay with tokens for the completed work. If we take a look at a few aspects of day to day life that could be changed by both virtual assets and the blockchain.

Customer Attitude

Producers of goods and services are usually unable to predict consumer attitudes and behaviours. This can lead to a shortage or even an overproduction after billions have been built on building real-estate which ends up being unclaimed and abandoned.

Smart devices have the ability to record and analyse data obtained from each other. Said data is based on the constantly changing behaviours and attitudes in consumers.

Supply

Shopping online is one of the biggest things in the modern world. Changes in the consumer’s behaviour suggest a supply chain restructure. There are indications that warehouses and production should be located closer to the ‘city dwellers’ whereas delivery services should hire more employees than offline stores. But if you take into consideration the continuous development of AI and blockchain technology, this kind of work seemingly tends to be delegated to robots whose maintenance costs are expected to be lower than that of employees.

As CryptoGlobe state:

“In order to implement such a scenario, we should give robots rights to make decisions and to dispose of small amounts of money, namely, tokens. The Ethereum infrastructure allows for interaction between humans and robots, as well as between robots and robots in the form of a smart contract. For example, your smart fridge orders fresh milk to be delivered by an autonomous drone every morning.”

Ventures into New Markets

Thanks to the blockchain, there are a lot of new markets that were once only available to professionals or those who retained their monopoly through expertise. On top of this, tokenisation will allow the creation of an equivalent of any value – this will include assets that haven’t previously been expressed in a digital form.

“One of the most notable examples is carbon units, acting as the equivalent of CO2 emitted into the atmosphere by enterprises. Until recently, trade in these units was opaque and slow. Now blockchain allows them to be freely traded. This opens up a green capital market for countries, businesses, and even individual smart buildings for keeping records of their emissions.”

What are your thoughts? Let us know what you think down below in the comments!

Adrian Barkley , 2019-11-20 00:01:00 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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