Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 23 April 01:47 (GMT -05:00)



Foreign exchange market

Bitcoin Exchange Rate May Drop to Zero, Morgan Stanley Experts Say


Bitcoin may drop all the way down to zero dollars. This is what Morgan Stanley analysts led by James Faucette told Business Insider. Such a gloomy forecast for the world’s first and most expensive cryptocurrency to date showed up amid another major drop in its exchange rate. The thing is that Bitcoin dropped by 40% from 19K dollars all the way down to 11,8K dollars on December 22nd.

 

 

 

 
As for the mentioned forecast made by Morgan Stanley, they say that Bitcoin is still scarcely used as a payment means and is often seen as an investment. To be more specific, only 3 out of the world’s 500 biggest retailers accept Bitcoin. So, the expert says that if no one accepts Bitcoin, its value is inevitably going to crash all the way down to zero.

there is another factor playing against Bitcoin. The thing is that its daily market turnover is still relatively low, especially if compared to the forex market. To be more specific, the global turnover of Bitcoin is just 3 billion dollars a day while the forex one is over 5 trillion dollars and still counting. The same holds true for transactions. Daily Bitcoin transaction amount to just 300 million dollars while VISA processes 17 billion dollars in international transactions on a daily basis.
 
Mr. Faucette underlines that Bitcoin cannot be called a currency since there is no interest rate for it. IsBitcoindigitalgold? Well, we may call it like that but unlike gold Bitcoin cannot have any practical application in electronics or jewelry for example. So, it’s not clear why international experts are constantly trying to persuade us that Bitcoin has some real value.

Today, on December 26th, Coinmarketcap reports that Bitcoin has grown up to 15340 USD/BTC, with total market cap of 257 billion dollars. This is a 10,63% gain in 24 hours.

 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Backed by Alpari, Bicycle Expedition Conquers North Pole

For the first time in history, the northernmost point of our planet was conquered by a man on a bicycle, who is famous Russian adventurer Bogdan Bulytchev. For those of you who don’t know, he is a member of the Russian Geographical Society and the State Polar Academy.

Publication date: 21 April 12:23 PM

Roubini Names Blockchain Overhyped Technology

Famous economist Nouriel Roubini criticized the foundation of cryptocurrencies – the so-called blockchain technology. In his article for Project Syndicate, Mr. Roubini called blockchain the most overhyped technology ever.

Publication date: 20 April 04:08 AM

Bitcoin Gains Value: 2 Days in a Row. Over 10% a Day

Now it seems that the long-term retracement of the USD/BTC exchange rate seen over the first quarter of the year is gradually reversing back for the uptrend.

Publication date: 13 April 12:57 PM

Bitcoin Rate and US-China Trade War

The cryptocurrency market has been going down steadily for a while. According to CoinMarketCap, the Bitcoin exchange rate has been moving around 6800 USD/BTC. Ethereum, Ripple, Bitcoin Cash and Litecoin have been trading around 382, 0,49, 633, and 119 dollars per coin respectively.

Publication date: 06 April 10:02 AM

It’s the Day of Reckoning for Cryptocurrency Funds, Bloomberg Says

Bloomberg experts claim that the day of reckoning for cryptocurrency funds has finally come. Last year, when the world’s first digital currency (Bitcoin) went sky-high in mid-December and reached another all-time high at 20000 USD/BTC, over 150 funds specializing in cryptocurrencies emerged on the Internet. In 2017, their profits reached 1000%.

Publication date: 05 April 09:43 AM

Masterforex-V Expo Names World’s Best Forex Brokers For Beginners in March 2018

Each and every forex trader out there faces the same challenge at some point in their career. This challenge boils down to choosing the right forex broker. This holds especially true for beginners who are just getting their feet wet in the forex trading environment. This choice is fairly significant for all of them since their future trading performance will depend on that choice. The truth is, all of those forex companies may differ in a number of aspects, including the offered trading conditions.

Publication date: 04 April 12:01 AM

Bitcoin 2018: New Cryptocurrency Realities

In March, the BTC exchange rate dropped by almost 3000 dollars. Some experts predict a further downtrend in the near future, Market Leader reports.

Publication date: 28 March 06:22 AM

Experts Predict Bitcoin Move Above $10K

This week Bitcoin may come close to the psychological level of 10000 USD/BTC and break above it, some international experts say.

Publication date: 26 March 02:10 AM

Masterforex-V Tells You What You Don’t Know About Bitcoin

How do you treat Bitcoin and other cryptocurrencies? Usually, those who ask you this question expect you to be either pessimistic or optimistic on the future of digital currencies, ICO and blockchain.

Publication date: 23 March 11:27 AM

Google Bans ICO and Cryptocurrency Ads

A couple of days ago, the top management of Alphabet Inc. announced that Google would ban any ICO and cryptocurrency ad campaigns starting from June 2018. On top of that, they would toughen the requirements for advertising other risky financial products, including binary options.

Publication date: 18 March 05:54 AM