{"id":37116,"date":"2016-01-18T08:30:04","date_gmt":"2016-01-18T13:30:04","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=37116"},"modified":"2016-01-17T20:48:18","modified_gmt":"2016-01-18T01:48:18","slug":"this-coin-beats-all","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2016\/01\/this-coin-beats-all\/","title":{"rendered":"This Coin Beats All!"},"content":{"rendered":"

\"Aibek<\/a><\/p>\n


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Break Rules, Change The World!<\/h2>\n

Indeed, we are living in an exciting time of dramatic changes in our world. Nowadays, when you talk about the channel, it can be YouTube, not MTV. When you need a ride, it can be Uber, not a taxi. When you are going to shop it can be on Amazon or Alibaba, not at Wal-Mart and we can count on further changes in the future. <\/p>\n

By the way, Uber is the largest taxi company, but it has no cars, same as Alibaba which is the largest retailer, but it has no stores. Today I want to review the currency that has no controlling government, but has the value, the value that people are ready to pay for with real fiat money.<\/p>\n

Cryptocurrency, digital currency, virtual currency are all the names of Bitcoin (BTC), the digital asset as described in Wikipedia. It doesn't matter what you call it as long at it performs well. Let's look at how it has been behaving for the last year on the chart below. <\/p>\n

Chart 1. 1-year comparative dynamics of Bitcoin, Dollar Index and Gold: This Kid Stole The Show!<\/h2>\n

\"1-year
\nChart courtesy of tradingview.com<\/small><\/p>\n

Firstly, you can easily see that Bitcoin is a very volatile asset as it has hit both margins at +20 and -20% in just one year. The digital currency had been in extremely high demand at the end of October when the best-performing assets stood flat and metals crashed heavily along with crude oil amid worsening investor sentiment. <\/p>\n

Conservative traders were happy to stay in cash with the Dollar's 8% gain compared to Gold, which has lost almost 12%, but look at Bitcoin's result \u2013 it made an unbelievable 97%. It literally doubled it's value!<\/p>\n

The US dollar is still the King in the world of fiat money. However, look around, the world itself is changing at a high speed, it typically takes new technology 10 years before it gets a high level of implementation and yet Bitcoin has made great strides in the last 2 years. It has grown from nothing \u2013 as it had no value in 2009, to a high of $1250 for 1 BTC in 2013. Currently, it is being traded at the $450 level.<\/p>\n

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Which instrument will gain the most in 2016?<\/strong><\/p>