The CFA Institute is likely the most reputed institute in Finance Certification and they set global standards on best practices cfa institute bitcoin the financial world. Basically they state in the document that the reason ICOs are pumping is because there are a lot of people overexposed in Bitcoin, for two main reasons:. We all know that Bitcoin mining is concentrated in China, and mining farms gave rise to many whales.
These whales have large sums of bitcoin and lately the Chinese government cfa institute bitcoin it harder for people to cash it out in fiat currency. Now bitcoin exchanges are obliged to follow more strict KYC policy and request deeper information on its users.
They argue that the current Scaling Debate is leveraging bitcoin prices. They say that the scaling debate is the last milestone before bitcoin going mainstream, and as such, many people are trying to acquire exposure on it beforehand. Although their reasoning is quite sound, I can't find many facts to support their statement that whales are the ones buying ICO tokens. I've heard several times cfa institute bitcoin the average investment in an ICO is as low as usd.
Technically we found more evidence supporting the CFA Institute's claims than our own. It is worth noting though, that both Status and Civic ICOs took place more recently than all the others, and cfa institute bitcoin is very likely that Civic has set a new standard concerning ICOs best practices. I particularly feel that whoever is trying to cut exposure o bitcoins won't go to ICOs to cfa institute bitcoin so.
Moreover, stating that the Scaling Debate is leveraging prices is highly subjective. Even though, we found little evidence on whether ICOs are or aren't taken mostly by whales. The evidence we found points towards whales, but I believe things are changing rapidly and our sample is too small to infer a general conclusion. We intend on further studying this issue using the methodology proposed by Corey Petty in his articles.
Very interesting take on the ICO bubble. I didn't realize that most of the mining occurred in China, so it makes sense that a lot of money would flow into the alt coins due to the slew of regulations. Thanks for the info! Keep the good work up! Good content, well written too. In my view the scaling debate really is a double edged sword, if BTC's fork goes smoothly and Segwit ends up being deployed without drama, then we could see more smart money coming in.
However, I fully expect more blood in the weeks leading up to August 1st because of the FUD generated by a possible chain split. Cfa institute bitcoin we end -up with two or more version of Bitcoins, then a cyber-war could ensue and wreck prices. I guess you're right, and I definitely agree with you that there is more blood on its way.
Eager for the resolution to come! I am, but you have to agree with me that it was a different cryptoworld back then right? Basically they state in the document that the reason ICOs are pumping is because there are a lot of people overexposed in Bitcoin, for two main reasons: In other words, it became practically harder to cut exposure on bitcoin.
Conclusion I particularly feel that whoever is trying to cut exposure o bitcoins won't go to ICOs to do so. Authors cfa institute bitcoin paid when people cfa institute bitcoin you upvote their post. Thanks for the support! Hope to help further, keep an eye for th following posts! I've just followed you by the way, keep the good stuff coming! Same here, I cfa institute bitcoin I'll be receiving the new trade alerts right on my feed!
Thanks a lot for the support. You do realise that Ethereum Ripple etc.
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Thanks.