There is some irony in there, is it not?

Now that is some Bitcoin originated technology there for the banks too.

The market is moving upwards.

Close to the 150 billion where I was expecting it to stay for a while. Ready for the next ceiling jump of 200 billion, before the end of 2017. But then came the magic word: China. And some banker from JP Morgan went all over mainstream media talking about how BTC was a fraud and what not. Well, that sure caused some panic selling here and there. Yet it really looks like a cryptocurrency market pattern that has these steep climbs and sharp dips. Now the influence on the market due to a banker speaking about cryptos is really almost ironic. Not long after a JPM investment group bought up quite a few Bitcoin, Forbes writes about JP Morgan intregrating Zcash technology in their own blockchain developement... Oh you sweet chilly irony, how you manage to keep me happy!

Seems that JPM have found some requiem in their quorum blockchain developement. Now, for me, as a holder of Zcash, after checking my portfolio this morning, I could only smile. Of course these cloak blockchain technique could be good for the Chinese people too, so that might even pump the market price of Zcash even more. And while it is embraced by the banks and gets the capital in from China, that needs to get out of those open blockchains, ZEC might give me even more reason to laugh in the weeks coming. Now if only the sun could break through the flu be gone and Open-Ledger payed me the Steem they owe me. Things would be close to perfect. It is a bit strange though, is it not, bankers and financial experts talking bad about cryptos on mainstream media, while they are involved in it already for a long time. Developing their own blockchain technology, even trying to get things patented...

Cryptos are here to stay.

The blockchain technology like Ripple has banks involved, all the way. On the Ethereum platform they are active. The Waves platform partnered up with Deloitte, a financial giant. The Zcash blockchain privacy technology got adopted by JP Morgen Chase banking and that is just the tip of the iceberg. And with the old-financial realm getting into the cryptos one it is clear to me that this is just the beginning. When high risk investements move their capital towards cryptos, then it is going to be a wild ride in the next couple of months. And Bitcoin needs to be one BTC blockchain, as with SegWit it can do a lot more with the use of sidechains, for instance. Just like the other SegWitketeers: Litecoin, Vertcoin and DigiByte. That last one still undervalued a lot, with their innovations like DiguSign, but I guess that might change too in the last quarter of 2017. It is going to be another wild roller coaster ride, I think. Always something exciting happening in the cryptos realm...

Remember though, only to invest in cryptos what you are willing and able to lose. And your speculation might be as bad or as good as mine.

Have a great one!

Cryptos are here to stay.

Image cc0 licensed by Shepard Humphries at Pixabay.