A macroeconomist, Henrik Zeberg, suggested that the price of the first cryptocurrency will drop by 80% according to the Elliott wave analysis. However, trader Peter Brandt believes that her rate has entered a phase of parabolic growth and will rise above $ 100,000. Bitcoin price could fall to $ 2000, said Henrik Seberg. In his Twitter account, he published a chart of the first cryptocurrency, showing that its rate has moved to phase C, according to the Elliott wave analysis. This indicates a long-term decline in the value of the asset, which will last for a year, the expert said.
Following a year that has seen exceptional interactions between United States lawmakers and the crypto industry, we have gathered a list of congresspeople who have set up positions and arrangements for blockchain and cryptocurrency that will shape the fate of the industry inside the country. A gathering of the congresspeople recorded is bullish on blockchain, while some have set up an explicit restriction to subjects like Facebook’s Libra or different cryptocurrencies. However, we accept that every one of them merits viewing in 2020. Sen. Todd Young (R-IN) Representative Todd Young is generally striking for his creation of the Blockchain Promotion
Stellar Lumens and Ripple: Concrete or Little Brother? The first thing that is important to know about, as well as about any new product is its features, disadvantages and advantages. First of all, Stellar is a blockchain platform for transferring digital assets around the world. And here we can emphasize the first feature – an open network with open source code, in which every programmer can participate in updating the platform. Feature # 2: Lumen is the cryptocurrency of this platform, which was renamed in 2014 after a massive rebranding. In this case, XLM cryptocurrency acts play the role of
Everyone knows how twice, that for one kilometer – 1000 meters, for one liter – 100 milliliters, for 1 kg – 100 grams, in one dollar – 100 cents. Indeed, in one gigabyte a little more than 1,000,000,000, according to the binary system. But what, in this case, can cryptocurrency be broken, namely bitcoin, and is it possible at all? The most interesting thing is that this really works in the case of bitcoins, so get acquainted – Satoshi is the smallest unit of Bitcoin cryptocurrency, and its ratio is 100 million Satoshi to one bitcoin and has the designation
Now we can confidently say that January, as the first month of the coming year, pleased us quite strongly, at least because the total cryptocurrency capitalization increased by $ 58 billion, which is almost 30%. And here it is worth noting: Bitcoin (BTC), which rose by 25%, i.e., $ 1900 a month. Ethereum (ETH) has grown by almost 30% ($ 40) since early 2020 Bitcoin Cash (BCH) – added 79% or $ 170. Litecoin (LTC), known to us as a hard fork of Bitcoin, grew by 36% ($ 16) Ethereum Classic (ETC) grew by 140% or $ 7 per month.
The interview was including questions about the latest wave of Bitcoin growth, which means the return of bulls, as well as the impact of the adoption of cryptocurrency for an economic future worldwide. Ivan answered in the affirmative and indicated that the intersection of the value of 9 thousand dollars. The United States is indeed a positive achievement for Bitcoin, and it is expected that in the coming days, the value will continue to rise. In particular, referring to the psychological barrier of $ 9.4 thousand, Ivan said that if Bitcoin can overcome this mark, the next wave of bulls
The US needs to begin to regulate crypto-industry in order to become a market leader consistently, said Democratic presidential candidate Andrew Yang in an interview with Bloomberg. According to him, the lack of uniform legislation for all states impedes the development of both individual projects and the industry as a whole. Democratic candidate Andrew Yang says America cannot become a leader in the crypto industry due to a lack of unified legislation, and banning the trade in digital assets is useless. “Right now, we are standing still due to confusion in state-to-state law, and this is bad for everyone. This
The creators of tokens, manufacturers of processors and video cards, and even the founders of exchanges are gradually shifting their attention to the related industry – games on the blockchain. And they offer users new ways to get digital coins. At the end of last year, one of the largest manufacturers of processors and video cards, AMD, joined the association promoting the blockchain in the gaming industry, Blockchain Game Alliance and became a partner in online gaming platforms Robot Cache and ULTRA. This event was also followed by the news that Samsung added the game on the TRON blockchain to
You are not mistaken. You can buy bitcoin for cash. We know that it is complicated to understand the trading and exchange platforms of Bitcoin, especially if you are a novice user. Some sites offer credit/debit card payments, but patience is required to wait for bitcoin delivery continually. Also, exchange sites request a series of personal data that can create an insecure environment among users. Most users prefer privacy regarding Bitcoin transactions. With cash deposit Some platforms have such an option where the buyer can deposit cash into the seller’s bank account in order to buy bitcoins. Banks are attached
In our review, we indicated the rating of cryptocurrency exchanges 2020, which describes in detail the countries in which each exchange is supported, payment methods accepted, fees, privacy, limits, liquidity, reputation, speed (bitcoin delivery), customer support and all other problems. Binaryx Binaryx is a new cryptocurrency exchange and a revolutionary approach to social cryptocurrency trading. All Binaryx users and traders can trade, buy and sell bitcoins, Ethereum, XRP and other digital assets using the best features and advanced security system. In addition to the above functions, all traders and users have an excellent opportunity to participate in social trading operations.
Being a cryptocurrency trader is not an easy activity. People cannot handle the pressure. Therefore, most traders cannot foresee obvious traps. Common Traps for Entry-Level Cryptocurrency Traders Trading is rather hard work, requiring knowledge, practice, patience, discipline, psychological stability, and the constant pursuit of the trading system. Why is it not so simple, and why bind yourself with a trading system, plunge into the jungle of technical analysis, keep a journal of operations, learn to manage emotions? The fact is that the market is influenced by many variables, which no trader can take into account in their work. And in
Late last year, the Big Seven (G7) released a report stating that bitcoin and other cryptocurrencies still do not constitute a “reliable and attractive” means of payment. In particular, G7 researchers are convinced that cryptocurrencies are incredibly volatile, difficult to use, and they have scalability problems and regulatory risks. Bitcoin According to Money Theory Until now, regulators of various countries have not come to a common denominator in matters of cryptocurrencies and therefore interpret their essence in their way. Some equate bitcoin to assets, others to means of payment, still others to goods, and still others completely prohibit the circulation
The news was that the popular company OneCoin allegedly used fake reviews on TrustPilot and Quora to attract its investors. Back in October 2019, we were told about OneCoin fraudulent activities, and now we can only guess how they still managed to collect an incredible amount of 5-star reviews on TrustPilot. It is worth clarifying that 90 percent were positive, and, surprisingly, approximately 400 of the five-star ratings were published within a month. But for example, Quora analysts concluded that most of the profile posting these positive reviews are likely to be faked. Moreover, DFRLab, likewise, could not confirm the
The Asian cryptocurrency adoption so far is the best one. Many countries, instead of a permanent ban, consult and develop each other to implement digital currencies into the traditional financial system. Japan, as one of the strongest economies in the world, is holding more neutrality toward cryptocurrencies rather than a complete ban. Moreover, the highest representatives of Japan government institutions pointed out many times that the state does not need to use digital currencies. For instance, Haruhiko Kuroda, the Governor of the Bank of Japan, explained that the government is exploring the possibility of using blockchain technology in case this
LocalBitcoins – Account Suspension Without Prior Announcement Amid Users’ Reports Namely, traders from Africa, the Middle East, and Asia faced the unexpected suspension. The Finnish crypto exchange made such actions without warning and notifying its users. But the reason LocalBitcoins nevertheless voiced – “an expanded process of due diligence.” Only on January 28, and this is almost a week after the first case of account freezing, LocalBitcoins tweeted that at the moment, the planned technical work is underway on the site. But, it is worth noting that in their statement, it was said about the duration of this procedure, and
Just a few months ago, John McAfee, who is looking to be the next president of the United States, truly supported Bitcoin. Moreover, he shared his opinions regarding the cryptocurrency price by stating that BTC can be very-very valuable. In a series of tweets he explained his followers why Bitcoin may be the best financial tool for future systems, as well as joked that he would eat his valuable man’s copulation organ. Recently, the founder decided to drag Bitcoin through the mud by posting a new tweet. Such an opinion doesn’t look weird because McAfee also confessed that his pro-Bitcoin
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