Jump to content

cryptoexpert20

MEMBER
  • Content Count

    18
  • Joined

  • Last visited

  • Time Online

    1h 14m 23s

Community Reputation

3 Good Reputation

About cryptoexpert20

  • Rank
    Member

Contact Methods

  • Website
    https://icocryptoexpert.blogspot.com
  1. Bitcoin (BTC) is following 2013 like a carbon copy. The price will likely consolidate for the next few weeks just like it did in 2013 before a big rally. Technical analysis on a relatively small time frame is often rendered false by algorithms and bots that have mastered the game over the years. This is why many traders believe that technical analysis simply does not work on smaller time frames anymore. It used to work 15 years from now but today it does not work. However, long term trends are still an accurate indication of where the price might be headed in the times to come. In the case of Bitcoin (BTC), that long term trend spans over a period of 6 years which is good enough for us in a relatively nascent market like that of cryptocurrencies. The common understanding about such long term trends as in the case of Bitcoin (BTC) is that these trends are supported by real life events. For instance, if Bitcoin (BTC) has reached its peak for a cycle, you can expect some FUD in the form of an exchange raid in South Korea or a country ban on Bitcoin (BTC) which leads to a continuity of the macro play. This is true not only of Bitcoin (BTC) but of other markets like forex and equities as well. It is often difficult to put a price target for a volatile asset like Bitcoin (BTC) in the near future but looking at the big picture, one can see what follows next. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  2. Since last three days, the crypto-market is experiencing a massive blow, as the prices are dropping significantly. Social media communities are blaming Mt. Gox (a ceased crypto-exchange) for the bear trend in the market as they believe it was followed by Bitcoin’s drop in price. Bitcoin had dropped by 8% and is currently trading at a price of $8.223. The market capitalization is fallen to $140 billion, a week back it was at $154 billion. In the last 7 day period, the market has fallen by 14.5% after reaching a hike the previous week. The major drop happened in the last 24-hour mark as the price fell down by 6.5%. The market is still depicting a decline, at the time of writing it is falling by 0.3%. Mt. Gox is a former exchange company which was one of the largest in 2013 but it got hacked and went into bankruptcy. According to news reports, Mt. Gox had lost 650,000 Bitcoins in the year 2013. In the year 2014, $473 million worth of bitcoins were stolen. The exchange still had 200,000 Bitcoins. Recently 36 thousand Bitcoins were sold by the trustee, Nobuaki Kobayashi Nobuaki Kobayashi is the attorney and trustee for the non-functioning Mt. Gox. He recently revealed to the public that he had been selling $ 400 million in both Bitcoin [BTC] and Bitcoin Cash [BCH] since last year September. After the disclosure, the social media started blaming Kobayashi for bringing down the market.
  3. Bitcoin cash promoter Roger Ver believes BCH will one day overtake BTC to become the world’s most valuable cryptocurrency. But before that happens, he believes ethereum will take bitcoin’s crypto-crown. Ver, once known as “Bitcoin Jesus,” told The Independent that so-called technologically superior cryptocurrencies like ethereum and bitcoin cash will surpass bitcoin in value in the coming months and years. Ver sees ethereum surpassing bitcoin by year’s end and bitcoin cash by 2020. Analysts refer to this supposed development as “The Flippening.” Ver pointed to slow transaction times and high fees undermining bitcoin. He noted that more than 1,500 cryptocurrencies have entered the market since bitcoin’s 2009 inception in attempts to overcome bitcoin’s “limitations.” Bitcoin’s rise in value in the last year has carried other cryptocurrencies, with Ethereum and Bitcoin Cash outpacing bitcoin. Bitcoin’s price has jumped 450% from $1,700 to $9,360 in the past 12 months, while Ethereum has gained 1,000% (to $764) and Bitcoin Cash moved from $500 in August to $1,655. Ethereum has five times as many units in circulation as bitcoin, making its market cap slightly less than half of bitcoin’s. Ver stated in January that BCH will continue in its steady growth and surpass BTC in the near future. “BCH is the same version of bitcoin that everyone fell in love with and used from 2009 until 2017,” he said. “It has the same economic code that led to it becoming a worldwide phenomenon. I’m sure that formula will continue to work for BCH into the future, and it will surpass BTC in usage, popularity, and market cap in the near future. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  4. Bitcoin price has failed to secure momentum in the $10,000 region and has fallen by more than $400 over the past 24 hours, Alternative cryptocurrencies (altcoins) and tokens have followed the price trend of bitcoin, dropping in the range of 5 to 20 percent. Where Does Bitcoin go From Here Analysts were optimistic in regards to the price trend of bitcoin, given that the bitcoin price increased from $6,500 to $9,900 within three weeks, supported by a gradual increase in volume and demand. The consistent recovery of bitcoin allowed the Relative Strength Index (RSI) and Williams’ Percent Range (WPR) to demonstrate a neutral zone, showing neither overbought or oversold conditions. However, as it did in its previous attempt, the bitcoin price failed to remain above $10,000 mark after briefly testing it on May 5. In other major markets such as Hong Kong and South Korea, the bitcoin price surpassed $10,000 due to their premium rates but in the US, the bitcoin price achieved $9,900 and fell back to $9,600. At the time of reporting, the bitcoin price remains below $9,600 and it remains unclear whether bitcoin could initiate a new rally to eye an entrance into the $10,000 region. The RSI of bitcoin is currently 59.2, signifying a neutral zone. Both exponential and simple moving averages show a healthy short-term trend for bitcoin, demonstrating a strong buy signal. Previously, the bitcoin price fell by nearly 10 percent after testing the $10,000 mark, triggered by the sell off of Mt. Gox trustee funds on cryptocurrency exchanges. At the time, the bitcoin price dropped from $9,800 to $8,800 within a single day. Over the past 24 hours, the bitcoin price only dropped by $400 after testing $10,000, which shows that bitcoin has gained stability in the $9,500 region and is capable of bouncing back following large sell offs.
  5. In an interview with ZDNet Korea, Jeong said that cryptocurrencies have the potential to become safe haven assets if innovative technologies and solutions can be employed to minimize risk in investment. Currently, the cryptocurrency market is extremely volatile and as a means of payment, digital currencies still remain immature. But, as the adoption of cryptocurrencies from merchants, businesses, individual users, and retailers grow, the market will become stable, allowing cryptocurrencies to reach a certain level of stability that is necessary for businesses to adopt them as legitimate payment methods. As an investment, cryptocurrencies remain a high risk and high return asset class, and traders could secure a 30 percent gain in a 24-hour period or experience a 50 percent loss. For full-time traders and individuals that are deeply committed to the industry, such a level of volatility is manageable but for casual traders and institutional investors, it is difficult deal with highly volatile assets. Risk Minimization Recently, billionaire investor Peter Thiel-led venture capital firm Founders Fund invested in a startup called Tagomi which will help institutional investors and large-scale family funds invest in the cryptocurrency market with high liquidity by evenly distributing orders across over-the-counter (OTC) markets and cryptocurrency exchanges. Apart from this traditional stock market investment method, Tagomi is expected to implement other innovative solutions to minimize risk for large-scale investors. As Cornell professor Emin Gun Sirer explained, the blockchain sector is yet to see a practical implementation of artificial intelligence in cryptocurrency wealth management and investment. But, success in doing so could lead to mass adoption of cryptocurrencies and could appeal to public investors. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  6. While Bitcoin may be the poster child of cryptocurrencies, Reddit co-founder Alexis Ohanian thinks the second most valuable cryptocurrency by market capitalization, Ethereum, will be the real winner. “I’m most bullish about Ethereum simply because people are actually building on it,” Ohanian told Fortune’s Term Sheet Tuesday. Ohanian has stepped back from Reddit’s day-to-day operations and now invests in firms including Coinbase via his venture capital firm, Initialized Capital. Because developers have found it challenging to create applications based on the Bitcoin blockchain, finding Ethereum more flexible, Ohanian says he sees the price of Ethereum rising faster than the price of Bitcoin this year. His prediction: While the price of Bitcoin will more than double by the end of the year, regaining it’s all-time high of $20,000, Ethereum will reach 21 times its current value — hitting $15,000 by the end of 2018. Bitcoin now stands at about $9,100, while Ethereum is valued at about $690. developers have used ethereum to create application as cryptokitties a blockchain-based game in which users breed virtual cats. Major firms including banking giant J.P. Morgan have also tested technology based on Ethereum. Ethereum does have its competitors though, when it comes to developers seeking blockchains upon which to build their own applications. Take, for example, Hyperledger, whose open-sourced blockchain framework Fabric underlies projects such as TrustChain, a blockchain project tracking diamonds. At the same time, firms such as Walmart have also used Hyperledger Fabric to test blockchain technology in tracking their food supply. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  7. Bitcoin price has been trading up and down the pivotal $9,000 after dropping from the recent high of $9,500. The cryptocurrency market is fairly quiet even though it is the May Consequently, Japan’s Financial Services Agency is intensifying the crack-down on privacy-focused coins and is championing quietly for their removal from the exchanges in the country. Bitcoin is not privacy-focused cryptocurrency, although it has dropped from $9,250 traded at the opening of the session during the Asian trading hours. The 50% Fib retracement level with the previous swing high of $11,675 and a low of $6,450 could not hold the price in the recent declines. However, it is currently offering resistance as the price attempts to retrace higher. There is a bearish trend forming around $8,970, while the moving averages are pointing towards a bearish momentum dominating in the near-term. Besides, the MACD is pulling into the negative region to signal that the bears have the influence at the moment. A short-term support is highlighted at $8.750, but the 38.2% Fibo will stop further declines below $8,500. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  8. The booming price of bitcoin over the last year has created a buzz around cryptocurrency that goes far beyond technology enthusiasts and free market libertarians. It has also helped draw attention to a number of other virtual currencies looming in its shadow, most notably ethereum. Ethereum was created in 2013 by a 19-year-old Russian programmer and launched in 2015. For the first two years its price remained below $10. Then, in 2017, it exploded. In the space of 12 months, one unit of the cyptocurrency – called an ether – surged in value to be worth around $1,400 at its peak in January 2018. While its price has since fallen back down to around $700, many still see it as the most promising of all cryptocurrency platforms, and therefore the one that holds the most potential for future price gains. Some even believe it could one day surpass bitcoin. “Ethereum has the possibility to overtake the market capitalisation, and thus value, of bitcoin,” Hubert Olszewski, director of business development at Blockchain Board of Derivatives, tells The Independent. “This is because from the get-go it was a more versatile tool.
  9. The Federal Reserve Bank of St. Louis has provided some high-profile validation for a core premise of Bitcoin and other cryptocurrency. A blog post this week based on an earlier Fed research paper said that “bitcoin units have no intrinsic value” – but added that currencies “such as the U.S. dollar, the euro, and the Swiss france . . . have no intrinsic value either.” The post, titled “Three Ways Bitcoin is Like Regular Currency,” doesn’t precisely endorse Bitcoin or cryptocurrency. In another recent report, the St. Louis Fed was critical of Bitcoin’s inefficiency. Cryptocurrency has also become rife with scams since its surge in value last year, and may constitute a global risk because it enables clandestine money laundering, capital flight, and tax evasion. But the St. Louis Fed has provided a credible rebuttal to one of the most widespread and misguided criticisms of cryptocurrency: That, because it isn’t tied to a particular real-world commodity, it should have a monetary value of zero. As Fed researchers point out, since decoupling from the gold standard in the early 1970s, almost all global reserve currencies rely on nothing but trust to function as a media of value exchange. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  10. Bitcoin cash's next software upgrade may be even more ambitious than its first - and that's no small feat given last time it broke off from bitcoin in acrimonious fashion. In fact, the update, announced in November and slated for May 15, packages together a number of features that all seem about helping the network process more transactions than the original bitcoin (while adding more variety to features). Perhaps most notably, the change will quadruple bitcoin cash's block size parameter from 8 MB to 32 MB, allowing for vastly more transactions per block. But while that might sound aggressive given bitcoin's more limited approach, those who have been following the cryptocurrency might be surprised that such an aggressive shift wasn't pursued sooner. After all, last fall, bitcoin cash's developers chose to ignore the protests of bitcoin's more seasoned developers, who had long argued that increasing the block size and moving the cryptocurrency forward too fast could jeopardize the more than $157 billion network. But that contrarian mentality has proved, at least partially, attractive - one bitcoin cash is going for a little less than $1,500 a coin, making it's market cap more than $24 billion. Indeed, Joshua Yabut, who contributes to the bitcoin cash protocol's main software implementation, BitcoinABC, said he doesn't expect any protest at all when users are finally given the choice to upgrade software. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  11. BITCOIN continued to fall overnight and lost a massive $880 from its highest point this week. Hope of a speedy recovery to $10,000 now seems unlikely, and one of PayPal's founders has described the technology as, "a colossal pump and dump scheme, the likes of which the world has never seen. Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is priced at $8,851 with Ethereum down at $629, and XRP at $0.81. Bill Harris, the founding CEO of PayPal has grabbed the headlines this morning after describing all cryptocurrencies as a "scam". Writing for Recode, he said: In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. "In a pump-and-dump game, promoters 'pump' up the price of a security creating a speculative frenzy, then 'dump' some of their holdings at artificially high prices. "And some cryptocurrencies are pure frauds. Ernst & Young estimates that 10 percent of the money raised for initial coin offerings has been stolen. The highlights package continues. Mr Harris claims, "It helps to understand that a bitcoin has no value at all." Adding that "losers are ill-informed buyers caught up in the spiral of greed. "The result is a massive transfer of wealth from ordinary families to internet promoters Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  12. Thursday’s trading witnessed bitcoin price spiking upwards from under $6,900 to $8,000, a new high for April. For reasons unknown at the time of publishing, bitcoin prices were flung upwards in a frantic period which saw the world’s most prominent cryptocurrency gain over 15% in value, all in a span of under 45 minutes. At press time, prices are continuing to climb amid frenzied trading to post a high of $8,039. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  13. The crypto markets experienced an explosion of growth today, April 12, with Bitcoin (BTC) jumping more than $1,000 to break $8,000 over just a 30 minute period, and the rest of the market solidly in the green. While no specific events have been confirmed as the reason for the sharp price jumps across the board, Twitter users have speculated that the recent news that Bitcoin has been declared compliant with Shariah law – according to a report published online today, April 12 – may have contributed to the spike Of the top ten coins listed on CoinMarketCap, EOS is still up the most, more than 30 percent over a 24 hour period, and trading at around $8.90 by press time. EOS’s price spike could be attributed to EOSIS’s April 9 pre-release of the Dawn 3.0 Blockchain platform. Some of the other top ten altcoins have seen high percent growth as well, with 9 of the 10 (including BTC) showing more than 10 percent growth over a 24 hour period. Cardano is up around 22 percent over a 24 hour period, trading for around $0.18; IOTA is up 14 percent, trading for around $1.18; and NEO is up almost 13 percent, trading for around $60. refinance:https://cointelegraph.com/news/bitcoins-price-jumps-1000-in-30-minutes-of-market-growth-across-the-board Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  14. Bitcoin's (BTC) bulls and bears seem to be stuck in a stalemate, but a decisive session in either direction would likely define the trend going forward. The cryptocurrency was solidly bid above $7,100 about 24 hours ago, reportedly due to speculation the Wall Street bigwigs (Soros and Rockefeller, for example) are set to enter the crypto markets. However, a long liquidation (unwinding of long bitcoin trades), as reported by WhaleCalls, looks to have pushed BTC to a low of $6,611 overnight. At the time of writing, the cryptocurrency is sitting at $6,730 on Bitfinex, representing a 6.38 percent drop from the high of $7,189 seen Monday. Despite the retreat, the immediate outlook remains neutral, with bitcoin stuck within a narrowing price range Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20
  15. The rise of bitcoin has comparisons with the spread of an infectious disease, according to economists who argue the digital currency may have peaked in value as more consumers become immune to its appeal. Analysts at Barclays said the soaring value of the digital currency last year, when prices rose by more than 900%, was helped by new buyers being “infected” by the euphoria surrounding bitcoin. The price has since crashed from almost $20,000 before Christmas to less than $7,000. Using studies from the world of epidemiology the branch of medicine concerned with the occurrence, distribution and control of epidemic diseases the bank’s economists built a model for bitcoin prices that assumed more people were now “immune” to the lure of making money on the new financial asset. Follow me on Twitter: https://twitter.com/cryptoexpert20 Facebook: https://www.facebook.com/crypto.michael.18 Linkedin: https://www.linkedin.com/in/crypto-expert20

Cryptocurrenytalk Logo

 

News, information, and discussions about cryptocurrencies, blockchains, technology, and events. Blockchaintalk is your source for advice on what to mine, technical details, new launch announcements, and advice from trusted members of the community. Cryptocurrencytalk is your source for everything crypto. We love discussing the world of cryptocurrencies.

 

   
×

Important Information

By using CRYPTOCURRENCYTALK.COM, you agree to our Terms of Use.