CryptoCoinsNews.com Says Paris Hilton Supporting an ICO Proves There Is a Bubble

CryptoCoinsNews.com writer Josiah Wilmoth is saying that the fact that Paris Hilton has stated in a tweet that she is supporting an ICO is proof to the theory that ICOs and cryptocurrencies are in a bubble.


Facts VS Opinion

The fact is that no one can say that there is a bubble or not, the hype and buzz and FUD going on with these articles and opinions is totally speculative. The fact is that the crypto markets are small, only $160 billion today, ICOs have helped squeeze just a few billions into the total market cap and a few billion or even 200 billion is nothing compared to  other markets. Calling this a bubble is over-kill in our opinion and %100 speculation.

Paris Hilton tweet
Paris Hilton tweet

Take a look at some of the comments to said article!

TheRealSocrates – This article is not even in the ballpark of reasonable analysis. “Folks, if you’re looking for a sign that the ICO markets are in a bubble, this is it.” WTF are you talking about? Are you really trying to say that Bitcoin, Ethereum and Ripple are overvalued because of Paris Hilton? Because that’s about 90% of the entire cryptocurrency market cap. I sure hope not because the fact that you even address Paris Hilton is your article is intellectually embarrassing enough.


19battlehill Robinson – Look at the market cap on crypto and you will see that it is not even close to bubble territory. Need to compare apples to apples – market is world wide, can buy in and don’t need a trading account or tons of money to do — everything is about context.

Aslo take a look at coinmarket.com cap today:

screenshot-coinmarketcap


So what do you think, is Paris Hilton a sign from the crypto gods that it is time to run? Or is this just another celebrity looking to catch a ride on the crypto train? Or is this a celebrity that understands that crypto is here to stay and is joining the winning team? Whatever your outlook – remember that facts speak better than speculation. The crypto market is very small and growing at an ok pace, if you want to call it a bubble, call it a bubble, but remember to also state FACTS in your opinions and not just hype!

Forbes Writer Says “Russian Central Bank Puts Its Foot Down On Crypto-Currency”

A Forbes contributor named Kenneth Rapoza has reported his opinion on forbes.com regarding the latest updates on Russia’s central bankers and the cryptocurrency industry. He wrote:

“Although the National Settlement Depository (NSD) of the Moscow Stock Exchange is working on building the infrastructure to allow for bitcoin and other digital currency trading on the exchange someday, Russia’s central bankers still think it’s a bad idea.”

Read the full post here: https://www.forbes.com/sites/kenrapoza/2017/09/05/russian-central-bank-puts-its-foot-down-on-crypto-currency/#1c9bf19a1691


The Hype And Rumors VS The Markets

Even with the latest reports on China putting a ban on “aircoin” ICOs and the latest rumors and opinions about the Russian central bankers that “think it’s a bad idea” the cryptocurrency markets are still growing. All of the top 10 cryptocurrencies have gone up in value today and it seems that the markets are rebounding from the Bitcoin sell off earlier this week. Current crypto Market Cap is: $161,674,107,371. Speculations aside, the reality is that Russia and China rumors and / or bans are not hurting the crypto markets and they seem to be doing fine! Screenshot from coinmarketcap.com:

screenshot-coinmarketcap

The 2 Best Cloud Service & Storage Cryptocurrencies – SIACoin & CloudWithMe Token

First of all, I would like to introduce you what SIACoin & CloudWithMe cryptocurrencies are and talk about their differences and strong points.


They are both cryptocurrencies. Cryptocurrencies are digital money which enables their users to make secure payments and store their money without the need of going to a bank or use their names, instead it can be done through the internet.


SiaCoin is a cloud data storage service that provides it’s users a decentralised cloud storage. Unlike other coins, it is totally decentralised and cheap when compared to others. It is a platform where users put their data into the cloud but still have the control of it. It is a block-chain based platform where the data is stored in the block-chain. It was created 2 years ago on 7th June 2015 and started trading at $0.000046 per Siacoin. it is now trading at $0.008256 per Siacoin with a market cap of  $194,745,000 putting it in the TOP 25 cryptocurrencies list at number 24.


What makes Sia unique is that it didn’t start with an ICO or pre-mining. It ensures highly secure environment for it’s users and gives users the total control their total data. The main aim of SiaCoin is to compete with cloud storage platforms.


On the other hand, The Cloud With Me ICO is all about the future and is not just short return on cash. The aim of CloudWithMe is to create a peer-to-peer platform over cloud-based ecosystem which will enable millions of people to share and receive financial benefits through cloud services. It is 100% secure & private. It also aims to form a decentralised cloud-based platform.


The system works when people share their cloud storage to the network and in turn, when one of the individual’s storage is used, he or she who provided the space will get paid. Since it is a decentralised environment, there is no risk of fraud or anyone’s information being sold and the costs of cloud services are alleviated.


In order to provide incentives for their users, CloudWithMe has created it’s own coin and thus, the Cloud Token was made. It is the Ethereum based cryptocurrency. The Cloud Tokens can be exchanged for any cryptocurrency you wish. Merely Cloud Tokens which are issued during the ICO can be used to pay the cloud services. The reason behind this is to ensure a steady demand and increase the Cloud Token liquidity. Cloud ICO enables CloudWithMe service to gain support of the cryptocurrency and investors as well as creating their own Cloud Tokens.


Moreover, CloudWithMe has already managed to enter into partnerships with Amazon, Microsoft and other cloud-based services. Cloud tokens can be either brought, sold, exchanged&received. One advantage of using Cloud Tokens is that investors can use tokens to buy AWS and Microsoft Cloud with a 50% discount.


Anyone who joins the Grid Note infrasturcture ( the platform for building the decentralised Crowd Cloud) will receive satisfying incomes.

Cloudwith.me Founders - Gilad Somjen & Asaf Zamir
Cloudwith.me Founders – Gilad Somjen & Asaf Zamir

To sum up, CloudWithMe has created a huge platform and is emergent. In the future it will become the most widely used cloud service. Cloud Tokens have many benefits over SiaCoin and provides its users a secure environment. In other words, although SiaCoin is a good cryptocurrency, CloudWithMe has created much more possibilities to its users so it is a better way of investing your money, and winning more. So in our opinion the #1 Cloud currency is the Cloud Token and the runner up is certainly SiaCoin. In our next articles we will also talk about Storj, iExec and a few more cryptocurrencies that are disrupting the cloud service and cloud storage industries.