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Monday, 19 August 20:24 (GMT -05:00)



Foreign exchange market

1 Million Dollars For Bitcoin - John McAfee Confirms The Forecast


If someone has been enjoying the BTC rally going on sine early April, today you are probably not that exited about the market conditions since the bears seem to be getting stronger. The BTC exchange rate has dropped and is not trading around $10000 per coin, Market Leader reports.
 
The bears started attacking on Sunday and eventually made the exchange rate drop below $10000 per coin, for the first time since July, 2nd. However, it seems that the pessimistic market signals haven't discouraged the most committed bull of the BTC market. As soon as the market crashed, John McAffee resumed writing his famous posts in Twitter. Even though the rule of thumb for investors is to avoid playing against the market, the famous creator of antivirus software started expressing his discontent with those who started selling their Bitcoin assets during the market correction phase.
 

Million Dollars Per Coin By 2020

 

McAfee abused those investors for being afraid of the market correction, which is something natural for any financial market. He reminded them of the parabolic nature of the BTC exchange rate over the last few months.
 
Despite the current retracement, McAfee is still convinced that the exchange rate is going to skyrocket all the way up to one million dollars per coin by the end of 2020. Yet, he is not the only big-scale BTC investor who isn't afraid of the current market retracement.
 
PlanB, a popular crypto-analyst, tweeted interesting research results, which indicate that the BTC rate is probably going to hit $100K per coin after the prize lotter for block mining in the cryptocurrency network. This is going to happen in 2020. He also accepts the idea of BTC reaching one million dollar per coin, but in 2024, and may be even 10 million dollars per coin by 2028.
 

Do You Belive In Those Forecasts?

 

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At the the end of the day, we suggest making well-thought-out investments. Whatever investment decision you make, please always keep in mind that Bitcoin is a payment means in the first place (at least it's meant to be it).
 
However, if you are already investing in Bitcoin, you should always thing long-term and remember about the parabolic nature of the market moves, FortFS experts remind.
 
In the mean time, 10 other biggest cryptocurrencies have been following Bitcoin, which is something we shouldn't be surprised with. All in all, the market lost over 20 billion dollars of market cap over the first 24 hours of the market correction.
 

 

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Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM

Dollar Rate Is Close To 2-Month Highs

The U.S. Dollar is trading around Friday's high while the basket of 6 major currencies is on its way to the second profitable week, waiting for another GDP report from the USA. The dollar rate support a wider spread between the German and American bonds yields.

Publication date: 28 July 08:28 AM

NYSE Launches Slack Technologies' IPO

Publication date: 22 June 05:58 AM

Masterforex-V Names 135 Most Popular Forex Brokers 2019

When trying to increase the amount of new clients, many brokers start massive ad campaigns online. Most of the time, you can see or hear those brokers call themselves the leading players in the industry, the best of the best, which is obviously not true because all of them cannot be as good as they claim to be. This actually makes it really difficult for the common trader or investor to make up their mind when choosing the next broker to go with.

Publication date: 12 June 08:22 PM

NordFX Products and Services Praised at the Philippines Traders' Fair

  The brokerage company NordFX took part in the specialized Forex Traders' Fair-2019 which was held in the capital of the Philippines, Manila, at the end of May.

 

Publication date: 01 June 05:52 AM