A positive message about future of Cryptocurrency as a new category of asset.



To all veterans and newcomers (I don't like to use the word "noob" as we were all new once upon a time), people interested in new technology and whoever will be reading this article I salute you comrades.











I hope you will find this article useful, reliable and entertaining.

Here we go, fire in the hole !









1. KING BTC IS STILL ALIVE I hope you will find this article useful, reliable and entertaining.Here we go, fire in the hole !

1.A. BTC PRICE, NO NEED TO PANIC.



For those of you who landed in Cryptoworld in Q4 2017/Q1 2018, your portfolio value has probably melted as fast as snow in the Sahara desert.

The great new is that "NO, Crypto is not dead" !

How many times Bitcoin was declared dead by the media ? We should be used to that brainwash and level of FUD by now.

Zoom out, it is not the first time BTC is having a major correction, not BTC first rodeo.







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January 12, 2012 – January 27, 2012, -30%, 16 Days

August 17, 2012 – August 19, 2012, -57%, 3 Days

March 6, 2013 – March 7, 2013, -33%. 2 Days

March 21, 2013 – March 23, 2013, -35%, 3 Days

April 10, 2013 – April 12, 2013, -83%, 3 Days

November 19, 2013 – November 19, 2013, -50%, 1 Day

November 30, 2013 – January 14, 2015, -87%, 411 Days

March 10, 2017 – March 25, 2017, -34%, 16 Days

May 25, 2017 – May 27, 2017, -33%, 3 Day

June 12, 2017 – July 16, 2017, -39%, 35 Days

September 2, 2017 – September 15, 2017, -40%, 14 Days

November 8, 2017 – November 12, 2017, -30%, 5 Days

December 17, 2017 – ???, -70%, ??? Days





anuary 12, 2012 – January 27, 2012, -30%, 16 Daysugust 17, 2012 – August 19, 2012, -57%, 3 Daysarch 6, 2013 – March 7, 2013, -33%. 2 Daysarch 21, 2013 – March 23, 2013, -35%, 3 Dayspril 10, 2013 – April 12, 2013, -83%, 3 Daysovember 19, 2013 – November 19, 2013, -50%, 1 Dayovember 30, 2013 – January 14, 2015, -87%, 411 Daysarch 10, 2017 – March 25, 2017, -34%, 16 Daysay 25, 2017 – May 27, 2017, -33%, 3 Dayune 12, 2017 – July 16, 2017, -39%, 35 Dayseptember 2, 2017 – September 15, 2017, -40%, 14 Daysovember 8, 2017 – November 12, 2017, -30%, 5 Daysecember 17, 2017 – ???, -70%, ??? Days



Just a quick joke, when BTC decides to go for a run Altcoins are suffering. I only have love for Alts !





By now you heard that price will go up after Chinese new year, after Wall Street traders bonuses, after tax season in USA, after Consensus event in May, after the ETF launch by CBOE subsequent to the SEC's approval. Just a quick joke, when BTC decides to go for a run Altcoins are suffering. I only have love for Alts !By now you heard that price will go up after Chinese new year, after Wall Street traders bonuses, after tax season in USA, after Consensus event in May, after the ETF launch by CBOE subsequent to the SEC's approval. The plain truth is that nobody can predict the future, especially not BTC future price.

On the other hand, the only sure thing is that everyday brings us closer to the next BTC halving in 2020.

Right now 1800 BTC are generated/day and some miners are selling everyday at market price. This number will drop to 900 BTC/day.

Supply vs demand, do the maths. Meanwhile billionaires such as Bill Gates, Richard Branson, Chamath Palihapitiya... announced publicly BTC potential, Facebook lifted their ban on cryptocurrency ads, OTC volume on the rise, Coinbase forming a political action committee, more and more traditional VCs investing in ICOs, centralized exchanges having to suspend registration for new accounts due to overwhelming demand, media exposure keeps rising (Hello to our lovely CNBC Fast Money reversal indicator), application from CBOE for a Bitcoin ETF licence, banks statement from "not interested" to creation of crypto desks, attention of large asset managers such as Blackrock, Mastercard patent to link cryptocurrencies with fiat accounts, Amazon buying domain names related to crypto, Samsung offering cryptocurrency payment methods, more and more companies accepting crypto payments and the list goes on...







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1.B. OVERALL MARKET CAPITALIZATION.



Total market cap for Cryptocurrency is nothing compared to other assets, upward potential is there.

On 27th of July 2018 Facebook lost $123.4 billion in value overnight, which represent today more than 1/3 of total Cryptocurrency market capitalization. Ok, I hear you, it has revenues from its business activities. But who can put a price on what blockchain technology is going to bring to the world ? Think long term, lighting network on its way. Do some Netflix and chill, BTC will still be there.

Spend some quality times with your loved one, don't touch your cold wallet and reassess your BTC value in a couple of years.

1 BTC will always be = 1 BTC.

Some people clearly failed to look at value blockchain technology is going to bring to the world and they are using the term bubble for Cryptocurrency.





Let's have a closer look.







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NO, you are not blind !

Overall Cryptocurrency market capitalization is so small compare to other assets. It is a new category of asset growing years after years.



Total market cap of crypto in July : 2013 $ 1.2 billion

2014 - $ 8.3 billion

2015 - $ 4.8 billion

2016 - $ 12.8 billion

2017 - $ 90 billion

2018 - $ 299 billion Overall Cryptocurrency market capitalization is so small compare to other assets. It is a new category of asset growing years after years. Mt. Gox you are the real party pooper for ruining that growth !

Anyway, demand for Crypto is growing as well as world acceptance.

Hyperbitcoinization will take some time, patience.





2. ICO MARKET

2. A. ICO MARKET IN 2018.

ICO stands for Initial Coin Offering.



It allows you to invest in a project/startup at a very early stage, often compared to Initial Public Offering.

Main differences are that you will receive tokens instead of shares and that in most cases you will not need to be an accredited investor to invest (aka the rich get richer). The ICO Craze in 2017 was just insane.

873 ICOs have raised a total of 6.13 billion $ in 2017 and already 6.23 billion in first 5 months of 2018. I bet you 1 DOGE this number will be easily above 10 billion by EOY.

Some entreprenors saw in ICOs a way to raise quick bucks in a short period of time surfing on the blockchain train, releasing a token with no real use case, not delivering their product, or even worst : exit scam (BitConeeeeect Hey Hey Hey !, FOMO coin).







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At the end of February 2018, Bitcoin.com published a report : 46% of 902 blockchain projects that conducted Token Sales in 2017 subsequently failed. Have you heard about UET ICO ?

Useless Ethereum Token, who managed to raise 40 000 $ in 3 days. Just an example to show that investors are throwing their money left and right without Due Diligence.



2.B. TRENDS.



The beauty of ICOs are that it allows average Joes to invest in something they do believe in at the same price as whales, at least until 2018. TREND 1 : ICOs with big potential or simply with transient hype are selling everything in private to "strategic partners" or V enture C apital ( VC ), and do a peanut airdrop to create a pseudo community hoping airdrop holders will look further into the project and buy more tokens. RIP decentralization.

ICOs with big potential or simply with transient hype are selling everything in private to "strategic partners" or enture apital ( ), and do a peanut airdrop to create a pseudo community hoping airdrop holders will look further into the project and buy more tokens. RIP decentralization. TREND 2 : Some "strategic partners" tend to sell their allocation at a premium price to pools but still at a lower price than crowdsale and dump rest of their position post listing to secure their initial investment.

Some "strategic partners" tend to sell their allocation at a premium price to pools but still at a lower price than crowdsale and dump rest of their position post listing to secure their initial investment. TREND 3 : Lack of transparency. Some ICOs are doing non disclosed seed round to friends and family. Pure joke in that case = GET REKT AND BUY MY MUM'S AND DOG'S BAGS !

Lack of transparency. Some ICOs are doing non disclosed seed round to friends and family. Pure joke in that case = GET REKT AND BUY MY MUM'S AND DOG'S BAGS ! TREND 4 : High number of TX/S. Who will be interested in your 1 million TX/S if it comes with a poor security level ?

Answer : in the short term, maybe a few people following blindly signals from cryptochillers masters dumping on you. In the long term, nobody.

High number of TX/S. Who will be interested in your 1 million TX/S if it comes with a poor security level ? Answer : in the short term, maybe a few people following blindly signals from cryptochillers masters dumping on you. In the long term, nobody. TREND 5 : Pump of Telegram channel using bots, airdrops, POS (Proof Of Shill) or POIWA. You might be wondering what is POIWA ? "Proof Of I Want an Allocation" !



2.C. HOW TO SPOT A GOOD ICO AND QUESTIONS TO ASK YOURSELF WHEN INVESTING.



With ICOs popping up like mushrooms it is harder and harder to spot a real gem. Wake up ! It is not 2017 anymore where you could have closed your eyes, throw some ETH at any random ICO and see a good ROI. Those times are behind us, as well as 200 % daily token price growth on Poloniex (I miss you buddy!).

I am dreaming of a big purge of all those pseudo ICOs with no real use case leaving only solid projects behind with an organic growth. After a basic research looking at token metrics, team and advisors background and of course after having read whitepaper, you should do a deeper research.









To help you out here is a list of questions you should ask yourself if you are thinking about investing :

QUESTION 1 : Does this startup really needs blockchain ?

Does this startup really needs blockchain ? QUESTION 2 : What will be token use case ?

What will be token use case ? QUESTION 3 : How many people will use that token ?

How many people will use that token ? QUESTION 4 : Who will use that token ?

Who will use that token ? QUESTION 5 : How solid is their tech ?

How solid is their tech ? QUESTION 6 : How solid is their team and advisors ?

How solid is their team and advisors ? QUESTION 7 : Ability to have solid partnerships ?

Ability to have solid partnerships ? QUESTION 8 : Will team be able to deliver ?

Will team be able to deliver ? QUESTION 9 : What are the chances to see mass adoption ?

What are the chances to see mass adoption ? QUESTION 10: What are the incentives to hold or use that token ? A list of major questions to help you to DYOR (Do Your Own Research).



Here is a list of things to look at when you are digging into ICO World :

WHAT TO LOOK AT EXAMPLE Impact on Space Huge, above average, average, poor Type of ICO Infrastructure, platform, currency... Roadmap info Progress : MVP (Minimum Viable Product), Proto, Alpha, Beta Roadmap in general Major milestones Idea What can it bring to the world Real use cases How many people will need and use this token ICO Team Legit or not. Will they be able to execute their vision Advisors Check connections Whitepaper How solid is their tech Market Cap Nobody need $30 M to create an app Number of tokens kept by the team Decentralization or not Maximum supply No scarcity with a 1OO billion supply Price/token If seed round, private sale... compare it to crowdsale price Token lock up period If no lock up on bonuses it will create a selling pressure What if unsold tokens Will they be burned, kept by the team, distributed to investors VCs investment To have strong VCs in ICO stage is a sign of future strong development Partnerships To have stong partnerships in ICO stage is a sign of credibility Code Quality of the code if available on GitHub Close from community Weekly newsletter, frequent update on social networks Business model Excellent, average, poor



Only tokens with solid fundamentals are likely to succeed in that Wild West of ICOs and those ICOs are as hard to spot as a unicorn.

Edenchain caught my attention as it fulfills many of those criteria and after looking deeply into it, this beauty could be THE one !





3. A CLOSER LOOK TO EDENCHAIN, "ETHEREUM FOR ENTERPRISES."

3.A. WHAT IS EDENCHAIN ?

Edenchain is a blockchain 3.0. Bitcoin is 1.0, Ethereum is 2.0.



