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Wednesday, 30 September 19:11 (GMT -05:00)



Foreign exchange market

How To Get Ready For Bitcoin Boom 2020?


Cryptocurrencies keep on growing in value. If you are going to buy your first coins, this is what you should do first.
 
According to Arthur Heinz, CEO of BitMEX, the very fact that Bitcoin has been trading well above $10000 per coin for a while can be a sign of the market gradually entering a major bull cycle. After a couple of weeks of flat market around $9000, the world's most popular cryptocurrency has finally gained some strength. At this point, the coin is trading above $11000 but it still far away from ATH, - Nordfx.
 
Amid this madness, it's worth listening to wise recommendation and avoid emotional decision. This is one of the key topics raised by the founder of Binance. In one of his tweets, he urged international investors to be careful and mindful of the current risks, not to mention the fact that investors should never put all their eggs in one basket, especially when it comes to cryptocurrencies since Bitcoin has already shown some crashes.
 
Where to start?
 
Education is the starting point without any doubt. Without it, any beginning investor is doomed to lose in the rough sea of cryptocurrencies. It's crucial to get familiar with the market specifics. Unfortunately, many people still ignore this and start investing big right off the bat.
 
Even if such investors somehow avoid scammers and other obstacles, chances are they will make a series of emotional decisions leading to major losses in extremely volatile markets, for example the way it was in late 2017. This was the time when BItcoin peaked and made many inexperienced investors believe in further growth, which was not the case since the exchange rate crashed, leaving many of those amateurs with major financial losses.
 
Apart from the market specifics, it's crucial to get familiar with the ins and outs storing your funds securely. In particular, you should choose the right wallet and secure your keys accordingly. Long story short, the cryptocurrency market requires a lot of expertise for proper and secure investing.
 

 

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Tape Patterns Indicator

Traders often use various kinds of technical indicators these days. The list can be rather long, from popular ones like RIS, MACD etc. to less popular ones like Tape Patterns.
Publication date: 30 September 08:52 AM

Bitcoin's Getting Ready For a Strong Rally

While Bitcoin could have been more volatile over the recent weeks, the king of cryptocurrencies stoped in the range between 10K and 11K dollars per coin. Do BTC miners know in which way the coin is going in the near future?

Publication date: 30 September 04:07 AM

Bloomberg: Crypto Is Better Than Gold In 2020

According to the recent Bloomberg report, cryptocurrencies are way better than gold in terms of investments in 2020. Which is interesting, most cryptocurrencies have been growing much faster than gold this year. It's not a secret that gold is considered a safe-haven asset amid crises. Bloomberg Galaxy Crypto Index (BGCI) has gained 66% this year,while gold has gained only 20% over the same period.
Publication date: 29 September 01:07 PM

Gold Prices Drop Below $1860/oz, Seeing A Major Downtrend

On Thursday morning, the spot price of gold dropped roughly down to $1850/oz withing the scope of a strong downtrend started earlier this week, with a strong gap from the consolidation level. The key factors contributing to the price drop was the sudden strengthening of the U.S. Dollar.

Publication date: 25 September 07:39 AM

Texas Authorities Spot New Crypto Scams

The TSSB, which is the financial regulator of Texas, is reported to have revealed a couple of potential scams in the international market of cryptocurrencies. These are named Forex Birds and PEK Universe. From now on, both of these projects cannot work in Texas anymore. These projects were banned on September, 3rd.

Publication date: 18 September 01:07 PM

Cryptocurrencies On Sale: ChainLink and TRON Go Down, Bitcoin Is Stable

Wednesday's session is bringing a retracement in the market of digital assets, which is affecting the entire crypto market cap. Chainlink (LINK), TRON (TRX), and Tezos (XTZ) have been the biggest losers over the last 24 hours. They lost 9,7%, 8,7%, and 5,5% respectively. Bitcoins remains stable and one of the very few tokens among the top 20 that are still showing some gains, though modest ones.

Publication date: 16 September 12:04 PM

What's Next For Bitcoin?

Some analysts argue the future of Bitcoin, also known as the digital gold. Last week, the Winkelvoss brothers stated that the BTC price may skyrocket all the way up to 500.000 dollars per coin in the near future. This opinion is shared by Bloomberg analysts. But on the other hand, Bitcoin may see the opposite scenario, which is a major crash to make it as cheap as dirt.

Publication date: 10 September 03:00 AM

U.S. Tech Companies Increase Stock Buyback

Publication date: 20 August 06:10 AM

Altcoin Mining Account For Over 30% Of Overall Crypto Mining Consumption

Scientists for the University of Munich urge the regulators to go beyond the BTC scope when it comes to crypto mining affecting the environment. They say that Bitcoin accounts for over 66% of the entire energy consumed by crypto mining, based on the basic algorithms, the current hashing speed, and the mining equipment used, while altcoins account for the rest of it. Consequently, altcoins add almost 50% on top of Bitcoin's energy demand, which in itself may result in considerable damage to the environment.

Publication date: 09 August 11:06 AM

GBP Prospects After BoE's Interest Rate Decision

The United Kingdom's financial authorities have published the information on its money-and-credit policy:
- The interest rate decision: 0,10% (prediction: 0,10%, previously: 0,10%)
- BoE's MPC: votes for interest rate cuts: 0 (previously: 0)
- BoE's MPC: votes for interest rate hikes: 0 (previously: 0) 
- BoE's MPC: votes for keeping the interest rate unchanged: 9 (previously: 9) 
- BoE's total QE: 725 billion pounds (prediction: 725 billion pounds, previously: 725 billion pounds)
Publication date: 06 August 08:32 AM