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Crypto Invest Summit Pulls a Huge Crowd in LA: Blockchain’s Future Looking Good

  • Katya Michaels
    🤷 Opinions

    Speakers like Steve Wozniak and Tim Draper bring over 6,000 attendees to the second Crypto Invest Summit even in the midst of a bear market

Crypto Invest Summit Pulls a Huge Crowd in LA: Blockchain’s Future Looking Good
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Contents

When the first Crypto Invest Summit was announced in the spring of 2018, the organizers did not mince words, positioning the conference as the biggest crypto and Blockchain event on the West Coast. As it came to pass, even they may have been surprised by the turnout of about 4500 attendees: a laudable feat that also manifested some organizational problems. Extremely long lines for registration, a pre-party that very few were able to get into, and the lack of capacity in the main stage hall prompted some attendees to quip about the “Blockchain scaling problem as demonstrated at Crypto Invest.”

Valuable lessons were learned, and this year the organization was significantly improved, despite the number of participants rising to an astounding 6,100. If crypto conferences could be compared to colleges–some that specialize in one subject, some that offer a nice atmosphere or an incredible location, some that are known as party schools–then Crypto Invest Summit is surely a big university with a large variety of offerings, impressing with the sheer numbers. An expo floor with over 80 booths, 3 stages, 5 tracks, and thousands of attendees seem like solid evidence that Crypto Invest was able to defy the bear market.

Attendee registration at the Summit

From ICOs to sustainable investment

In May, many panels addressed ICO investment and the differences between security and utility tokens. This time, in the aftermath of a dissipating ICO hype and a crashed market, the focus was on sustainable investment in Blockchain technologies. In the context of this summit, “sustainable” meant long term investment in real products that reduce friction in the token economy and give users an easy interface with transparent incentives.

A second stage featured 5 additional tracks, or sub-conferences, that discussed specific topics including: Women of Crypto, Security Tokens, Crypto Trading, the Builder Track, and Healthcare on the Blockchain. During these tracks, participants could delve into the specifics of their particular field of interest, be it understanding crypto market movements, redesigning healthcare, listing tokens on exchanges, or bootstrapping network effects. A pitch stage in the concourse hall gave companies an opportunity to present their project to media, potential partners, and investors.

One of the expert panels at the Summit

Main attractions

One of the great attractions of the Crypto Invest Summit is the lineup of prominent speakers. Venture capitalists Tim Draper and Adam Draper, always favored by crypto enthusiasts eager for investment advice, returned to the summit, having also appeared at the May event. Adam Draper predicted a significant jump in adoption, stating that in one year everyone at the conference will have 3 applications on their phone that will use Blockchain and cryptocurrency without the user having to think about it.

Tim Draper, who calls fiat “political currency”, reframed Bitcoin volatility for the audience: “1 Bitcoin is still 1 Bitcoin, it’s all the other currencies that are very volatile against it as they disappear from our earth.” He encouraged entrepreneurs to take risks with crypto and not give into the scaremongering of the incumbents of the global financial system. He also referred to institutions as “sheep” that are hesitant to enter the space, looking to other institutions for guidance. For Draper, it’s “much better to be the wolf and go in first!”

Billionaire Tim Draper speaking at the Summit

While not necessarily an expert in the space, Steve Wozniak understandably drew a big crowd. He clarified his position on Bitcoin, saying that he invested at one point for the purposes of experimenting with it, and has since sold most of his crypto. Nevertheless, he is excited to see how this technology develops and has become a co-founder of a Blockchain-focused venture capital fund EQUI Global. Wozniak reminded everyone that the human is always more important than technology since the user experience trumps any other engineering considerations. When asked what he meant by calling Bitcoin a bubble, he explained:

“The Internet was a bubble, but the thinking behind it was correct, it ended up being integral to our lives. Maybe with Blockchain it will be the same: it is a bubble, but in 10-15 years its value will show.”

Apple’s co-founder Steve Wozniak during his talk at the Summit

The live taping of Ran Neu-Ner’s CNBC Crypto Trader show was a big hit in the spring, and this summit’s show turned out to be even more exciting. Besides featuring Steve Wozniak, the Drapers, and Dan Morehead of Pantera Capital, NeuNer created a sensation by hinting at the details of Coinbase’s upcoming IPO, referencing a source close to the company. In a conversation with the CNBC host, Adam Draper revealed that despite Coinbase’s $8 billion valuation, he believes that the company is still undervalued and will be “the largest company on the planet.”

Save the date

While 2019 may become the year of the STO, most speakers seemed to agree that the bear market is the best time to get work done, i.e. start projects, build frameworks, and gather communities. The investors echoed this sentiment, encouraging entrepreneurs to focus on completing products that provide valuable solutions and reduce friction in Blockchain applications.

The Summit’s after-party

At the conference, it was clear that the crypto community is coming to a realization: if we are to see widespread crypto and Blockchain adoption, the technology must be running invisibly in the background, leaving an easy and engaging experience for the user. When Crypto Invest Summit returns in April 2019, there will be a chance to evaluate how well those goals are being accomplished. Judging by the first two events, the conference will continue to attract crowds of crypto experts, entrepreneurs, and enthusiasts no matter what the industry holds in store for us in the meantime.

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LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin

  • Jack Thomas
    🤷 Opinions

    🌱☀️Litecoin has been one of the best performing cryptocurrency assets in the first quarter of 2019, and there are a few reasons why it is boosting the crypto spring. From its impressive mainstream adoption, and with its speedy and cheap transactions, as well as added privacy and impending halvening, the price of LTC is set to do well

LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin
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It would be wrong to call the cryptocurrency bear market over – the same low-performing market that has lasted well over a year now – however, there certainly is a change in the air. Bitcoin is over $4,000 and other altcoins have flexed their muscles, but none more so than Litecoin.

Litecoin, the fourth-biggest coin, which is currently trading at $60.52, has doubled its value in the first quarter of 2019, having started the year at $30.29. This coin, dubbed the silver to Bitcoin’s gold, has made some significant strides heading into the cryptocurrency spring.

The cryptocurrency spring, which is seeing prices in the market slowly come right and rally again, may have well been helped get off the ground thanks to Litecoin’s good performance through these first three months.

Many have dubbed this crypto spring as the beginning of altcoin season, and with that, there have been some big boosts from the top 20 altcoins that have aided in bringing positive sentiment to the market – none more so than Litecoin.

Reasons for the boom

Litecoin has always been in the shadow of Bitcoin, but it was created to be something different, much more of a cash system. It is this direction that is starting to be evident with Litecoin’s movement as the coin looks to forge ahead.

Reasons for the boom

One big boost for Litecoin has been its mainstream adoption that has picked up significantly with the goal of the coin’s team to get the cryptocurrency into payment systems. For example, Bob Moore Auto Group has signed on with Aliant Payment to accept Litecoin at their dealerships, starting with an Oklahoma City location. This means customers can buy a Subaru with LTC.

Additionally, Litecoin has always been about having fast transaction times as well as low fees in order for it to be usable as a digital cash, and the way things are going currently, it is hitting those attractive targets.

For instance, a November 2018 transaction worth $62 million only cost the sender $0.50 in fees on the Litecoin network. And with these low fees teamed up with the scaling layer of the Lightning Network, there is not much slowing Litecoin down.

Litecoin is also looking to boost user privacy as the team believes it is something that is missing from both LTC and Bitcoin. The Litecoin Foundation announced last month a collaboration with privacy coin Beam to potentially integrate the Mimblewimble protocol, which would add scale and privacy to the cryptocurrency.

Finally, the Litecoin halving is due soon, and historically, this kind of event has always been a catalyst for further growth and rallies in the cryptocurrency. The last one in August 2015 saw a serious downturn be broken, and even in the run up to this halvening, there looks to be a break in the downturn already.

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