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Ever since its creation, Bitcoin has had its ups and downs in terms of both survival and price stability. However, as of late, the currency has been on the rocket-ship ride; going past $4000 mark for the first time last week.

Some investors view Bitcoin as something which can be compared to gold, and rightly so. Because just like gold, Bitcoin is not governed by any government or a central authority. One of the advantages of Bitcoin’s autonomy is that it makes Bitcoin insulated to any financial or economic crisis in a country. On the other hand, the fiat of that country can’t really cope with the crisis and more often tends to take a nosedive.

In fact, Bitcoin can benefit from the uncertainty and crisis, just like gold does. A recent example is Donald Trump winning presidential elections as both gold and Bitcoin surged 3% and 4% respectively in the aftermath.

Some investors are also relating the latest spike in Bitcoin to the potential war between North Korea and USA over NK’s nuclear problem.

Regardless of all the similarities, there is still one noteworthy difference between gold and Bitcoin: Gold is substantially more stable and the graph below shows it all:

The graph comprises of the data taken from Onvista and Coindesk. So, if you are looking to make a safe investment, Gold is still the way to go.

News Credit: BusinessInsider

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The Top Bulls of the Crypto World- Analysis

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With the current air of challenges and throwbacks in the world of digital currency, criticism by the wall street mains have made a further dip for these struggling crypto-babies.

Big names including Bill Gates, have showed supported to blockchains and cryptocurrencies, but also claims that he can ‘short’ Bitcoin if he could.

ethereum price analysis

With such thin air revolving around, there has been a great investors rage and uncertainty following it. There has been a massive drop down of $20 billion in a past few hours. Even the top big names of these digital currencies which were better thought to be stabilized in past years have dropped down to 2 to 5 percent range.

Following these volatilities, the optimists are still advising the holders to sit tight and hang-up a little more. Despite the volatile natures, the cryptocurrencies price analysis has managed to grip a few more investors.

A former chief economic advisor to the current U.S president, Donald Trump believes in the future and sustainability of these digital currencies but doesn’t really count faith in Bitcoin, unfortunately.

The top cryptocurrencies including, Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Litecoin, Cardano, IOTA, and EOS have a number of the setback to float back up to the levels.

BTC/USD

Since May 6, there has been a continuous and deadly decline even for the big names of this not-so-newly born cryptocurrencies, still babies though. Holding the cathedra, Bitcoin has caused nearly a domino effect on the rest of the currencies after its massive drop-down.

Being extremely volatile and totally dependent on its supply and demand, Bitcoin managed to hold its horses just below $9000. Following the downfall, its relief and a come-back can be expected anytime soon. BTC will only sustain stability and strength when reached above $10,000, which is a very much expected shot by the wall street mains.

But if the currency breaks again below levels $8,900, there will be a 50-day SMA drop following.

ETH/USD

Being the second popular in the line, Ethereum has managed to reach the purchasing levels gaining the attention of the market. To maintain sustainability and a reduced risk it should prevail its levels to $745 sooner. Currently resting at $693, if the levels don’t succeed then the digital currency may face another retest of 20-day EMA. Considering a close breakout of $838 previously, there is a great possibility to hit the levels by $900 too.

BCH/USD

The Bitcoin Cash has managed to break out of $1,600 which is remarkable transfer after being a low performer for quite a time. It has managed to intact half of its position at $1,400 after the trigger position of the ascending network. If the ascending continues breaking the May 06 high of $1849, it is expected to cross levels by $2000 soon.

But in case of the breakdowns, a 20-day EMA below the positions of $1,400 will indicate weakness.

XRP/USD

The Ripple has managed to hold the support and investors in between the range of $0.76-$0.93777. the fluctuations have been resting on the lower ranges lately, still, it is too early for the recommendations and endorsements here. A downside downfall for up to $0.58223 would make a pair pattern target.

The trading will be considered to be hitting between the range showing the same volatility.

XLM/USD

Stellar has been seen holding resistance at $0.48. if it succeeds its held up for the 20-day EMA, it is expected to reach the levels of $0.47766719 again. but a break during 20-day EMA will decline the levels to $0.334.

If the market is unable to pull back the currency and drag it out from its range, it is expected to enter the bounce back range for some days.

LTC/USD

Litecoin has been pushed back into the range by the bulls after a $150 dip. After a 20-day descending, hitting below the range it needs to show resistance to rally levels of $168 to sustain strength. It’s expecting a high of $184.794.

If fails to resist the decline it can hit below the levels of $141.026. due to the absence of any high probability trade setup, any recommendation cannot be advised yet.

ADA/BTC

Cardano is, unfortunately, falling below the trendlines. It has broken below the levels of 0.00003301. if the levels continue with the current downfall, not reaching levels breaking from 0.00003445, it will keep sliding down the range lower.

The lower levels should stop the hit by 0.000029 at maximum.

Resting at a weak position, the stops should be raised by half, 0.000032 and maintain the dip at 0.000029.

IOTA/USD

After a 20-day ascending support, IOTA rested strong and firm at $2.55 levels. Levels have declined by up to $2.2117 but a high of $2.9 is very much foreseen if held resistance.

If the 20-day EMA IOTA/USD pair breaks down, there will be lost major support by $1.63.

EOS/USD

For a past few days, EOS has been hitting the range between $16 and $19.67. if it attempts to break above the levels of $20, the wall street will manage to give it another push-up. They are in no rush typically here. But if the pair EOS/USD breaks below $16, it will sink to the levels of $14.495.

But until these consolidations rest, there is nothing much to be suggested about.

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Famous Bitcoin Trader Claims the Currency Will Hit $15,000 in 2017.

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The price of Bitcoin climbed above $3,500 and at the moment it is standing a little above $4,200. While some people are doubtful towards this gradual increase in value, Veteran trader masterluc says otherwise. He’s made a prediction that Bitcoin will be worth $15,000 by the end of 2017.  He claims that this bull run will continue into 2019 where the price will top out anywhere in between $40,000 and $110,000.

Masterluc is said to have a history of being right in his predictions, and many experts agree that the rise will continue for a while longer, which could have some major consequences for paper money.

Bitcoin recently celebrated its market cap crossing over $50 billion as it tripled the price of gold. Predicting the future of the digital currency is not an easy task especially when its reign shows no sign of ending.

 

News Credits: futurism.com

Image Credits: bloomberg.com

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Why Bitcoin Rose More than $1000 in the Last Two Months

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Summary

Bitcoin has become the world’s most popular digital currency, which had driven its value to incredible new heights. Here we have outlined a few reasons as to what lead the cryptocurrency to these altitudes.

Despicable Performance:

2017 has turned out to be quite a year for Bitcoin. The network recently went through a fork situation and came back with a bang. Bitcoin discussions seem to have taken over every town now, with everyone from Economist to Forbes covering it on a daily basis. Can we just remember that the year isn’t even over yet and Bitcoin has already made so many major stories!

Generally, Bitcoin is gradually climbing up and there have been predictions for even higher marks in the future. Ever wonder how something that was initially linked to the darknet could possibly change the future of transactions and payment systems?

Bitcoin has been in the industry for around 10 years, and just like everything else it started from the bottom and gradually rose to popularity. Starting off with a gradual increase from 2012 all the way through 2016, following a much more dramatic gush that is still continuing right now. What seems to play a role all these years, is longevity.

An overview of bitcoin’s price trend was shown in a tweet made by a cryptocurrency researcher known as “Jack Sparrow”.

Bitcoin was created in 2009 and it took around 7 years for it to reach a $2000 mark. Although, that same increase from $2000 to $4000 took just a little over 3 months.

Related:

Bitcoin hitting $3260 two weeks after split

Bitcoin Sky-rockets above $4000 

Growing Confidence:

The reason behind these high notes is the bitcoin investment trusts of various major institutions. Firms like Goldman Sachs, Fidelity Investments, and J.P. Morgan are now doing business with digital currencies. Countries like Japan, China, and Australia have legalized the use of the cryptocurrencies in their economy as well and that has been known to drive the digital currency to great new heights.

Due to the support shown by large organizations, smaller businesses along with individual financial investors have gained confidence in the cryptocurrency.

Moreover, the growing popularity of bitcoin has led to several institutions in the financial, as well as educational sectors to utilize the blockchain network for their own benefits. This, in turn, has given the cryptocurrency a boost as well.

We are not sure yet if we’re floating towards a future that is completely digitalized but, we do know that Bitcoin has several hurdles to overcome before it can completely alter our community. Nonetheless, these digital currencies are definitely on the rise.

 

Story Credits: futurism.com

Image Credits: bitnovosti.com

 

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Bitcoin Hits $11,000 – But It’s Just The Beginning!

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Miguel Cuneta, the co-founder at Satoshi Citadel, which is a renowned digital money investment firm in the Philippines expressed that the $10,000 hype was produced by the media recently. Minutes after the bitcoin cost crossed $11,000, it dropped to $9,000, and soon after, the predominant press was anxious to publish a progression of articles on the next bitcoin crash.

“News outlets barely had 24 hours to let the ’10k’ news simmer and it has already gone up to $11,500. When they published the ’11K’ piece, it had already dropped to $9,000. And when they entered the last word on ‘Bitcoin is crashing!’ article, it was back at $11,000 per BTC,” wrote Cuneta.

With the cost of bitcoin almost at $12,000, bitcoin is currently the world’s 6th most valuable currency on the planet. Hence, while the majority of predominant press outlets and analysts in the finance sector are focused on the transient value pattern of bitcoin, Cuneta clarified that bitcoin will probably turn out to be significantly bigger than most can imagine.

“Along these lines, we could watch one of the greatest financial rises in history unfurl with this bitcoin insanity. However on the opposite side of the coin, there is additionally the non-trivial possibility that we are seeing something striking happening right in front of us — the arrival of the separation of cash and state,” Cuneta noted.

The Future Beyond $12,000:

Bitcoin has hit the $11,000 mark and is going to cross $12,000 in December, given the entrance of institutional financial specialists and billions of dollars in capital. As institutional cash streams into the bitcoin advertise through bitcoin prospects, the $165 billion market cap of bitcoin will increase quickly, giving greater liquidity.

Cuneta added: “More than one-third of a trillion dollars. That is the aggregate sum of digital currencies on the planet. $165 Billion belongs to the Bitcoin alone, which just shows how overwhelming network effect can be. Due to Bitcoin, the ability to create cash has come into each person’s hand on the planet and detracted from lords and governments.”

For this specific reason, a few renowned financial specialists inside the cryptographic money space have communicated their optimism towards bitcoin price reaching $45,000 before the finish of 2018, accomplishing a $1 trillion market cap.

Story credit: cryptocoinsnews.com

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Requirements Get Tough for Crypto Financial Derivatives

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Before discussing the main issue, let’s discuss about the crypto financial derivatives and their role in digital payments. Crypto financial derivatives also known as bitcoin derivatives, are in fact security arrangements with a price that is dependent upon or derived from an underlying contract whereby differences in settlement are made in the form of digital cryptocurrencies.

Due to the insecurity involved in this whole process, the European Securities and Markets Authority (ESMA) has toughened its requirements for CFDs in terms of cryptocurrencies. If you are investing in cryptocurrency, this update may affect your future investment plans.

bitcoin investment

Role of ESMA in Financial Decision

In fact ESMA is an independent authority which makes sure to improve investor protection and promote more stable financial markets. ESMA’s board of supervisors is solely responsible for all the policy decisions. The decisions and policies of ESMA have a direct impact upon the following areas and stakeholders:

  • Financial service providers
  • The financial services industry
  • Retail and institutional investors and consumers
  • Users of financial markets
  • The economy of general public
  • Regulators of securities markets

What are CFDs?

To be precise and to the point, CFDs are in fact arrangements made in the form of a futures contract, according to which differences arising in the settlement are compensated in the form of cash payments, rather than physical goods.

CFDs are usually assumed to be an easier way of settlement as compared to other contemporary methods. It is also preferred by majority of users because as all gains and losses are paid in cash form. The most interesting case in terms of CFDs is that without actually owning one, it gives its investors all the risks and benefits of a security.

Expected change in leverage limit

It is being expected that the leverage limit of CFDs will be changed to 2:1 at its opening by the EU regulator. According to this leverage limit, the investor must have enough funds to cover at least half of the contract value upon its opening. Previously, the leverage limit was 5:1, it allowed the investor deposit only 20 percent of the CFD’s at the time of deal.

The reason behind this sanction is only that ESMA recently highlighted in one of its statements that cryptocurrencies required a deeper monitoring due to the risks it posed in case of undergoing investment deals. ESMA is not alone to show concern in case of cryptocurrencies, even the the Austrian Finance Minister proposed to strictly regulate the cryptocurrency derivatives in order to prevent money laundering with it.

Due to its lack of protection EU regulators have also warned investors about the ultimate risks associated with cryptocurrencies.

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