MARKETORDERS CO-FOUNDER QUOTED IN BTCNN

Investor May Have Sold $1.5 Billion Of Gold To Buy Bitcoin As Price Spikes.

 

An investor puked about 11,000 gold futures contracts into the market recently. This increased the supply in the market and thereby sent gold’s price tumbling down to its lowest since January. Meanwhile, there was a spike in the price of Bitcoin.

Gold Puked and Bitcoin Spike

As the price of Gold tumbled to its lowest since January, Forbes posted an article titled “Bitcoin Is The New Gold” the same day. This also coincides with a spike in the value of Bitcoin. Well-renowned crypto influencer, Joseph Young took to social media as he tweeted that the entire market is seeing major greens with bitcoin’s price rising by almost 3%. This took place after the Bitcoin price has been lingering in the range of $5,000 and 5,050 for a while.

In response to Young’s tweet, Ran NeuNer, a well-known crypto expert and the founder and CEO of Onchain Capital, a crypto investment and advisory business, tweeted that “Sorry it was me. I placed my buy orders..”

Meanwhile, though it may seem like a sarcasm, there could be a correlation between the investor that puked Gold and the sudden spike of Bitcoin. Obviously, this brings forth the debate of Bitcoin being the digital gold. If it is possible for an investor to desert gold for Bitcoin, hence Bitcoin could be the Gold that its dominance will become prevalent with time.

This is especially made more explicit with the events such as Venezuelan crisis, as the Bank of England refused to give back the gold held by it to the nation, this fuels bitcoin’s usage as gold.

Founder and partner at Morgan Creek Digital, Anthony Pompliano, commented regarding this matter that “Venezuela’s request to withdraw its own gold of worth $1.2 billion from the Bank of England getting denied is the reason we should turn to bitcoin and the cryptosystem of financial transaction. This is another down for the Bankers and the banking system not letting the individuals to access their wealth.”

Bitcoin, the Digital Gold

The probable reason for a dump of gold for Bitcoin is summed up in the words of the founder and chief operating officer of MarketOrder Sukhi Jutla; he noted that “Bitcoin is still going strong after a decade and has proven itself to be a real and worthwhile use case. I believe it does have the potential to become digital gold.” Jutla stated this while replying to the question of bitcoin becoming the digital gold recently.

Perhaps, Bitcoin becoming the digital Gold is a subject of time. The prospects thus far have proven this.

 

Written by btcnn: https://www.btcnn.com/bitcoin-news/investor-may-have-sold-1-5-billion-of-gold-to-buy-bitcoin-as-price-spikes/

MARKETORDERS COO QUOTED IN BLOCKPUBLISHER

Someone Puked $1.5 B in Gold & Bought Bitcoin?

Sukhi Jutla: ‘Bitcoin is still going strong after a decade and has proven itself to be a real and worthwhile use case. I believe it does have the potential to become digital gold.’

Click HERE to read the article

 

BITCOIN IS NOT HARNESSING, IT’S REPLACING WESTERN UNION & REMITTANCE INDUSTRY

Sukhi Jutla: “Bitcoin was the first use case for payments and financial transactions. Its relevance for the remittance industry is therefore very high and relevant. It’s a proven model and one of the most trusted crypto’s out there.”

Click HERE to read the article

 

BITCOIN (BTC) PRICE: ANOTHER DAY OF NO GROWTH, LITTLE REDS HERE AND THERE

Sukhi Jutla: “This is a natural correction of the market as the markets were overly inflated over the last year which lead to the crypto crashing in 2018 due to the realisation that many ICOs were scams and had been hyped.”

Click HERE to read the article

 

BITCOIN PRICE: BTC STANDS AT $3,800 WITH PLEASANT SIGNS OF GROWTH

Sukhi Jutla: “Crypto’s are still recovering from the volatility of 2018, lots of uncertainty still remains and will continue to do so for the next 6 months.”

Click HERE to read the article

 

“I BELIEVE IT DOES HAVE THE POTENTIAL TO BECOME DIGITAL GOLD” – COO MARKETORDERS ON BITCOIN

Sukhi Jutla: “Bitcoin will compete with other cryptos in the market that are still emerging and I believe the markets will be dominated by a handful of a few strong cryptos, one of which will be Bitcoin.”

Click HERE to read the article

 

BITCOIN PRICE: BTC MOVES BELOW $4,000 ONCE AGAIN

Sukhi Jutla: “There were also more ICOs in 2017 so this led to a surge in investors buying ethers and bitcoin. 2018 had far fewer ICOs so the ether and BTC coins also feel as demand was lower.”

Click HERE to read the article

 

Written by: MarketOrders 

MARKETORDERS COO QUOTED IN CHINESE NASDAQC

Bitcoin is replacing Western Union and MoneyGram and changing the global money transfer industry

 

It is reported that Bitcoin (BTC) can completely change the global remittance industry. Currently, more than $600 billion is moved annually from different countries, including the United States.

Cryptographic currency is also a great tool for smaller, cheaper and faster transactions. Virtual currency makes the whole process error-free and untrustworthy.

In a conversation with MarketOrders Chief Operating Officer BlockPublisher, Sukhi Jutla commented:

“Bitcoin is the first use case for payments and financial transactions. Therefore, its relevance to the remittance industry is very high and relevant. It is a proven model and one of the most trusted encryptions.”

The Money Transfer Operator (MTO) is an important participant in the entire remittance process because it oversees remittances sent to another country. MTO allows individuals and companies to remit money to the country and pay for services. MTO is supported by remittance software providers (RSPs) such as the well-known MoneyGram and Western Union.

There are only a few large companies on the market, including MoneyGram and Western Union. They have multiple locations and jurisdictions, and they are known all over the world. In addition, they do not have a fixed transaction cost and their share varies by location.

Still, the remittance industry should perform better, reduce costs, and improve trading time.

Bitcoin may be a very useful solution to these problems. Digital currency ensures the security of transactions and the speed of transfer. At the same time, the transaction can be verified without the participation of a third party. Although it is not free, the Bitcoin network has the lowest cost compared to existing systems.

There have been companies trying to release their own virtual currency to improve their services and still control the way transactions are handled. JPMorgan is currently developing JPM Coin. As Mark Moss, founder of Signal Profits, said, these companies are not aware of how cryptocurrencies will replace their businesses.

With Bitcoin, people have real ownership of their money and funds. They can also trade funds on a global scale, anytime, anywhere. In the future, Bitcoin can be a replacement for current systems.

 

Read more: http://www.nasdaqcj.com/blockchain/2019/03/04/3727.html

MarketOrders in the Blockchain Press

 

This month MarketOrders has been featured in 4 articles related to blockchain related news. Check out the articles in the links below:

 

Jan 11 2019: In this article, our COO Sukhi Jutla gives her views on the crypto markets and the associated volatility.

 

Read more here: https://blockpublisher.com/bitcoin-price-btc-moves-below-4000-once-again/

 

 

Jan 12 2019: The market situation is worsening and major sell-off events are being observed in the crypto space. Analysts and experts, however, were not very surprised by the sudden plunge in valuations of most of the cryptocurrencies. According to Sukhi Jutla, the founder & COO of MarketOrders, the market plunge was barely a natural market correction because it was overinflated last year.

 

Read more here: https://blockpublisher.com/were-not-expecting-a-real-rebound-anytime-soon-according-to-co-founder-of-altonomy/

 

 

18 Jan 2019: “I Believe it Does Have the Potential to Become Digital Gold” – COO MarketOrders on Bitcoin.

 

Read more here: https://blockpublisher.com/i-believe-it-does-have-the-potential-to-become-digital-gold-coo-marketorders-on-bitcoin/

 

20 Jan 2019: Bitcoin Price: BTC Stands at $3,800 with Pleasant Signs of Growth

Although the market is showing subtle growth, the momentum building is still missing, and the direction of the market is still undefined. Sukhi Jutla, Founder & COO of MarketOrders believed that the uncertainty might continue for quite a while.

 

Read more here: https://blockpublisher.com/bitcoin-price-btc-stands-at-3800-with-pleasant-signs-of-growth/

 

About MarketOrders

MarketOrders helps independent retail jewellers to get the products they need faster, cheaper and direct from global suppliers. If you are an independent retail jeweller find out more at https://marketorders.net/

Connect with us:

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Contact details: info@marketorders.net


Written by MarketOrders

 

Why the gold jewellery industry must adopt a platform strategy

 

The gold jewellery industry is a very ancient industry. It is as old as civilisation itself when early humans would gift gold and adorn it on their bodies. From day one it has had a cultural and personal significance. And thousands of years later, it still remains an untapped and fragmented market where technology has yet to make it smark on this industry worth $175 billion dollar industry.

 

photo credit: https://pixabay.com/en/sculpture-museum-perth-gold-digger-1104196/

 
Today, this industry still operates in a highly fragmented and scattered manner. As a result, the industry must re-invent itself as a hub suited for the digital world.

 

Today in digitally dominated economies, marketplaces offer customers the opportunity to connect with one another. The Gold Jewelry industry must adopt this approach of a centralized marketplace. In a way, the marketplace is the most ancient way of trading goods. And this is also where the digital age has gravitated towards – a marketplace that is truly global in scale with thanks to technology.

 

A digitised centralised platform will act as a key advantage for sellers and buyers by allowing them to connect through a digitally initiated platform.

 

Today, digital technologies are changing the nature of globalization. The digital economy is driven by the rapid growth of a digital transformation and it’s happening at a breakneck speed.

 

photo credit: https://pixabay.com/en/bitcoin-money-virtual-market-3137984/

 

The MarketOrders platform will be an engine of innovation for gold jewellery retailers specifically and retailers in general SME’s as it will allow them to participate in international trade without the need to invest in their own technology-driven supply chain.

 

In the changing landscape, gold jewellery retailers and the entire industry needs to re-imagine and re-invent its position in centralised platforms and leverage its current strength in physical gold trade retailing to create a new digital trade.

 

 

Written by CEO & Founder, Ram Krishnna Rao

 

Why the Gold industry needs to wake up to the reality of blockchain technology

 
I walked into the newsagent to get some water and nibbles as I was driving a long way to visit one of my customers on the outskirts of London. It should have been an uneventful occurrence to grab a bottle of water when my eyes darted to what I thought was an ATM machine. But this was no ordinary ATM.

 

It said ‘BITCOIN ATM Machine

 

 

 

I instantly looked at the shop owner and he smiled back and said,’ I know what your thinking’ as if he had read my mind!

 

I am a passionate advocate for blockchain technology and recently qualified as an IBM Foundation Blockchain Developer to quench my growing thirst for how this technology suddenly became more mainstream and the ways in which it is already disrupting traditional industries. (see my last post where my co-founder Sukhi Jutla, became the works, first author, to have a book published on the blockchain.

http://s752989504.websitehome.co.uk/get-women-fintech-interview-marketorders-coo-co-founder-sukhi-jutla/

 

I continued to look at the Bitcoin ATM machine as I had heard about their existence but till now thought it was the myth. I didn’t realize people were using cryptocurrency to pay for their water bottles already!

 

Though blockchain tech is relatively new (it’s under a decade old), I am a newcomer to this industry but it’s changing so fast already. I have recently begun to get really inspired and excited about the way this technology can bring about huge changes especially in making things move more efficiently. In the gold industry, this means more transparency in the supply chain process as well as in confirming the origin of products.

 

So thought I was surprised to see my first Bitcoin vending machine, it certainly won’t be the last time I will see it. Perhaps next time, I may even pay for my bottle of water with a cryptocurrency!
 

 Written by CEO & Founder, Ram Krishnna Rao