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XCPBTC

Counterparty possible 5th Bullish ChannelHow to earn money with XCPtokens XCPtokens cannot be mined and was not sold in an ICO. Rather, it came into existence by using a “Proof-of-Burn” method. This simply means that a certain amount of bitcoins (BTC) were sent to an unspendable address, and in exchange of these BTC, Counterparty tokens were generated upon the Bitcoin blockchain. This was done to avoid pre-mining or ICOs. As BTCs were burned, they can never be spent again. This method of coin generation also gives a fair and equal opportunity to everyone (including the founder of the project). A total of 2,130 BTC were burned creating 2.65 million XCPtokens . These XCPtokens are used to make custom tokens and run smart contracts. To overcome their problems with smart contracts, Counterparty imported over the EVM – Ethereum Virtual Machine. Since then, Counterparty has grown at a decent pace. It was launched on 9 January 2014 at the price of $7 per unit. Moreover, as the XCPcurrency is tied to the Bitcoin blockchain, it will grow as the technology of Bitcoin improves. Also, XCPtokens is being used as a fuel to be burnt for running smart contracts on the EVM. Hence, its total available supply will decrease over time as no more XCPs will ever be created. This indicates a rise in the price of XCPtokens in the long run. A good example is Binance Coin(BNB) who burns 20% every quarter. If you check counterparty's blog 2018 will be a very interesting year
XLong
by planabcfailed
1
XCPBTC Explosive CyclesHere is what I see in XCP. The past 2 years it has had 5 explosive cycles. The cycles "pop", go up between 180% and 1400%, and do a full or near full retracement to 1 fib level, sometimes a little between .786 and 1. The only cycle that saw a retracement deeper than 1 was the first one, which went between 1 and 1.618. The cycles from start to finish last between 186 days and 270 days. The average length from the previous cycle hitting the "floor" or completing fib. retracement to 1 to the fib completion or spike is around 90 days. We've been in the 1 fib level since the beginning of oct, so we can safely say we've spent 37 days and are almost half way through the average length, meaning based off previous action, we could expect to see bullish movement half-way through or at day 45, within the next 2 weeks. I would watch out for this, even if you are not buying now, as there is a great opportunity. I'd set stop losses 10-15% under fib 1 level, and let the trade ride. Risk:reward is very favorable as it can't really go much more down, but is begging to explode based on past 2-3 years of price action.
XLong
by JCBCrypto
7
XCP on the floor - Huge Sale Now On!Hey Cryptoheads, XCP had been knocked out and is on the floor due to the whole Bitcoin shenanigans. I believe XCP will pick herself up again from tomorrow, the 1st of August when Bitcoin Vs Bitcoin Cash has become slightly clearer and traders get hold of their free BCC/BCH. They may well then then turn to alts. So there is a good chance that alts will wake up tomorrow, and pick themselves up, but be patient, we are still a few days if not weeks away from seeing a clear picture for BTC which will fuel the altcoin market one way or another. Safe trading. Ps. The chart is pretty self explanatory but please leave any comments if you have any questions. I reply to all comments. Buy zone 0.003000 or under if you can get it. Sell zone 0.0055 for a tidy profit. Good luck cryptoheads!
XLong
by Bistonic
2
Counterparty is clearly a buy hereOne of the HUGE HUGE overlooked projects in the midst of the current cryptocurrency boom. I was rather surprised that the price against BTC have been kept that low up till now. Counterparty relies on the bitcoin network for security, and implemented as a side-chain. It does not actually compete with bitcoin, but in a way it complements each other. Counterparty provides functionality beyond the reach of Bitcoin. For instance, smart contracts, decentralized apps, crowd funding, domains, digital tokens just like Ethereum did. Transaction cost A counterparty transaction is really a transaction on bitcoin's network. For instance: counterpartychain.io and on blockchain.info: blockchain.info At the moment transaction cost on Counterparty is significantly higher than Ethereum given that you are actually writing on the bitcoin network given the congestion. However, that could be fully solved with the upcoming Lightning network that will be implemented on bitcoin. It is not a question technically. Such a feature in Counterparty are still currently under development. Mass adoption I believe that connecting all blockchains is the final step of mass adoption in cryptocurrencies, and Bitcoin is well positioned to be the center of such a protocol of the future. Remember the days before the invention of TCP/IP protocol where the 'internet' is only limited to a certain area/geography? The real power is unleashed when a common protocol is used, that enable connection from many local network and intranets that becomes the global network we are used to today. Price In the long run, Counterparty is really the next closest competitor to Ethereum. With the horizon of 1~5 years, I believe Counterparty could easily 10x~50x its current 40 million USD valuation given the fact that its supply is only a measly 2.4 million. Technically? Dont you love that nice bottom at 0.003~0.005 for the past 3 years? :) ---------- Cite Why connecting all the Blockchains is the final step for mass adoption of Cryptocurrencies: bravenewcoin.com
XLong
by LastBattle
10