It is November 17th, 2018
BTC dominance is currently at 53.0% (+0.2%). The total market cap is currently at $182.9 billion (- $1.5 billion). The market volume of the last 24h was $15.3 billion (- $4.1 billion).
Fundamental analysis
51% Attack? Bitcoin Wins Ron Paul Investor Poll [Again]
https://www.ccn.com/51-attack-bitcoin-wins-ron-paul-investor-poll-again/
How to Recover Your Wallet if Your Private Keys Are Lost
https://cointelegraph.com/news/how-to-recover-your-wallet-if-your-private-keys-are-lost
Bitcoin Charts Suggest Price Bounce May Be Coming
https://www.coindesk.com/bitcoin-price-pattern-suggests-a-bounce-may-be-coming
Technical analysis
Hourly time frame : https://www.tradingview.com/x/OrVHqkQo/
We decided to use hourly time frame in this update because it shows the best current situation. The price is in this channel and currently it is forming potential inverse head and shoulders price pattern.
In case we see close above upper green area, also known as neckline, price may pump up.
On the other side, close below lower green area would cancel this price pattern and we would head again down to test support around 5200 and even more lower if support gets broken.
Wait for either close above or below the areas because trying to guess the outcome whiule the price is still in channel would be pretty risky!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
BTC dominance is currently at 53.0% (+0.2%). The total market cap is currently at $182.9 billion (- $1.5 billion). The market volume of the last 24h was $15.3 billion (- $4.1 billion).
Fundamental analysis
51% Attack? Bitcoin Wins Ron Paul Investor Poll [Again]
https://www.ccn.com/51-attack-bitcoin-wins-ron-paul-investor-poll-again/
How to Recover Your Wallet if Your Private Keys Are Lost
https://cointelegraph.com/news/how-to-recover-your-wallet-if-your-private-keys-are-lost
Bitcoin Charts Suggest Price Bounce May Be Coming
https://www.coindesk.com/bitcoin-price-pattern-suggests-a-bounce-may-be-coming
Technical analysis
Hourly time frame : https://www.tradingview.com/x/OrVHqkQo/
We decided to use hourly time frame in this update because it shows the best current situation. The price is in this channel and currently it is forming potential inverse head and shoulders price pattern.
In case we see close above upper green area, also known as neckline, price may pump up.
On the other side, close below lower green area would cancel this price pattern and we would head again down to test support around 5200 and even more lower if support gets broken.
Wait for either close above or below the areas because trying to guess the outcome whiule the price is still in channel would be pretty risky!
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
It is November 18th, 2018.
BTC dominance is currently at 52.4% (-0.6%). The total market cap is currently at $185.6 billion (+ $2.7 billion). The market volume of the last 24h was $13.3 billion (- $2.0 billion).
Fundamental analysis
‘Bitcoin’s No Longer Boring,’ Price Heading Towards $1.5K, Say Bloomberg Analysts
https://cointelegraph.com/news/bitcoins-no-longer-boring-price-heading-towards-15k-say-bloomberg-analysts
Fundstrat’s Tom Lee Predicts Bitcoin Recovery, But Lowers End-Year Target to $15K
https://cointelegraph.com/news/fundstrats-tom-lee-predicts-bitcoin-recovery-but-lowers-end-year-target-to-15k
I would like to analyse these two articles.
Firstly, bearish article has 3 times more views than bullish one. What does it mean?
These are 2 possible reasons.
First one is that market is still fearful and that they are forgetting about bullish scenario. Same thing did happen in December 2017 when they forget bearish scenario.
Another reason is that whales or maybe even this media site is advertising more this bearish news to cause increase in bearish sentiment.
So, something worth mentioning because just few months before I am sure the ratio would be quite different.
If you read article about Bloomberg analysis, they mentioned only one statement.
“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”
I think this is quite different from noscript of this article. Are they trying to share fake news and create fake negative hype?
He said that he gives small chance and they used that to say that market is going down and everything is over. I am not saying 4.5k can't be reached but this is just one example how media is manipulating the market.
Never trust the noscript but rather read the article and build your own opinion. Try to stand out of the crowd and think by yourself for yourself.
Technical analysis
Hourly time frame : https://www.tradingview.com/x/mXjUbV5S/
Bitcoin is still in the channel, approaching currently lower area. Is it going to break out or come back to lower area?
That's not an easy question. Considering close above EMA 50 on H1 and above midbb H4, we have nice chance for up move but without close above 5600 it is still just an idea.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
BTC dominance is currently at 52.4% (-0.6%). The total market cap is currently at $185.6 billion (+ $2.7 billion). The market volume of the last 24h was $13.3 billion (- $2.0 billion).
Fundamental analysis
‘Bitcoin’s No Longer Boring,’ Price Heading Towards $1.5K, Say Bloomberg Analysts
https://cointelegraph.com/news/bitcoins-no-longer-boring-price-heading-towards-15k-say-bloomberg-analysts
Fundstrat’s Tom Lee Predicts Bitcoin Recovery, But Lowers End-Year Target to $15K
https://cointelegraph.com/news/fundstrats-tom-lee-predicts-bitcoin-recovery-but-lowers-end-year-target-to-15k
I would like to analyse these two articles.
Firstly, bearish article has 3 times more views than bullish one. What does it mean?
These are 2 possible reasons.
First one is that market is still fearful and that they are forgetting about bullish scenario. Same thing did happen in December 2017 when they forget bearish scenario.
Another reason is that whales or maybe even this media site is advertising more this bearish news to cause increase in bearish sentiment.
So, something worth mentioning because just few months before I am sure the ratio would be quite different.
If you read article about Bloomberg analysis, they mentioned only one statement.
“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”
I think this is quite different from noscript of this article. Are they trying to share fake news and create fake negative hype?
He said that he gives small chance and they used that to say that market is going down and everything is over. I am not saying 4.5k can't be reached but this is just one example how media is manipulating the market.
Never trust the noscript but rather read the article and build your own opinion. Try to stand out of the crowd and think by yourself for yourself.
Technical analysis
Hourly time frame : https://www.tradingview.com/x/mXjUbV5S/
Bitcoin is still in the channel, approaching currently lower area. Is it going to break out or come back to lower area?
That's not an easy question. Considering close above EMA 50 on H1 and above midbb H4, we have nice chance for up move but without close above 5600 it is still just an idea.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
It is November 19th, 2018
BTC dominance is currently at 53.0% (+0.6%). The total market cap is currently at $182.7 billion (- $2.9 billion). The market volume of the last 24h was $13.8 billion (+ $0.5 billion).
Fundamental analysis
Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse
https://cointelegraph.com/news/major-swiss-stock-exchange-six-lists-the-worlds-first-crypto-etp-amidst-market-collapse
Bitcoin Cash Hard Fork Battle: Who Is Winning the Hash War
https://cointelegraph.com/news/bitcoin-cash-hard-fork-battle-who-is-winning-the-hash-war
Technical analysis
4h time frame : https://www.tradingview.com/x/ygl0YSus/
BTC went up but hardly rejected and it is again in 5500 area. As we said yesterday, it has bullish momentum but rejection was pretty hard so it is hard to say where we are heading now. Considering weekly close that was pretty bearish, we have chance to see at least test of last week low.
So, consider looking for short entries more than long ones.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
BTC dominance is currently at 53.0% (+0.6%). The total market cap is currently at $182.7 billion (- $2.9 billion). The market volume of the last 24h was $13.8 billion (+ $0.5 billion).
Fundamental analysis
Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse
https://cointelegraph.com/news/major-swiss-stock-exchange-six-lists-the-worlds-first-crypto-etp-amidst-market-collapse
Bitcoin Cash Hard Fork Battle: Who Is Winning the Hash War
https://cointelegraph.com/news/bitcoin-cash-hard-fork-battle-who-is-winning-the-hash-war
Technical analysis
4h time frame : https://www.tradingview.com/x/ygl0YSus/
BTC went up but hardly rejected and it is again in 5500 area. As we said yesterday, it has bullish momentum but rejection was pretty hard so it is hard to say where we are heading now. Considering weekly close that was pretty bearish, we have chance to see at least test of last week low.
So, consider looking for short entries more than long ones.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
Cointelegraph
Major Swiss Stock Exchange SIX Lists World’s First Multi-Crypto ETP Amidst Market Collapse
The fourth largest European stock exchange, SIX Swiss Exchange, will list the world’s first multi-crypto exchange-traded product next week.
BTC update: https://www.tradingview.com/x/w48iACCX/
Looks like yesterdays fakeout and weekly close triggered one more sell off.
It is testing the lowest point of this potential falling wedge. If it doesn't hold out, we are leaving 5k and entering 4k area.
Looks like yesterdays fakeout and weekly close triggered one more sell off.
It is testing the lowest point of this potential falling wedge. If it doesn't hold out, we are leaving 5k and entering 4k area.
It is November 20th, 2018
BTC dominance is currently at 54.0% (+1.0%). The total market cap is currently at $146.0 billion (- $36.7 billion). The market volume of the last 24h was $21.9 billion (+ $8.1 billion).
Technical analysis
Monthly time frame : https://www.tradingview.com/x/vyGxFV1X/
Weekly time frame : https://www.tradingview.com/x/uarTXuwj/
3D time frame : https://www.tradingview.com/x/7EDkjKzQ/
Massive sell off in last 36 hours. Bitcoin is currently testing small support around 4300 and if that one gets broken, next one is around 3700.
It is clear that falling wedge is not active anymore. As you can see on weekly time frame, it broke below and the bullish scenario is canceled.
No one knows where this drop is going stop. After potential pullback, most likely we will end up around 3500-3800 area.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
BTC dominance is currently at 54.0% (+1.0%). The total market cap is currently at $146.0 billion (- $36.7 billion). The market volume of the last 24h was $21.9 billion (+ $8.1 billion).
Technical analysis
Monthly time frame : https://www.tradingview.com/x/vyGxFV1X/
Weekly time frame : https://www.tradingview.com/x/uarTXuwj/
3D time frame : https://www.tradingview.com/x/7EDkjKzQ/
Massive sell off in last 36 hours. Bitcoin is currently testing small support around 4300 and if that one gets broken, next one is around 3700.
It is clear that falling wedge is not active anymore. As you can see on weekly time frame, it broke below and the bullish scenario is canceled.
No one knows where this drop is going stop. After potential pullback, most likely we will end up around 3500-3800 area.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
Where is the bottom of this correction?
In 3 years from now, you will wish you bought today. You will wish you didn't sell because I know most of you did.
Your emotions caused you to sell.
Is this the end of crypto era?
What about ...
... Bakkt that is going to be launched on December 12th 2018?
... ETF that is most likely going to be approved in Q1 2019?
... institutional money that is floating in?
This is final warning, if you didn't sell before, do not sell now!
I am not financial advisor but I do not have to be in order to see the kind of opportunity you are going to miss if you sell right now.
By selling you are going to accept the huge loss and all hopes about better future will be lost!
If you have extra money, put that into the crypto because that $100 that you are going to spend on dinner with your friends could worth 10 times. That money you thought to spend on the car is going to bring you nothing but nice car and a lot of expenses. But if you invest that money in crypto, it could change not only your life but lives of people around you! Think of the future and forget about these price fluctuations and manipulations.
Crypto is here to stay!
In 3 years from now, you will wish you bought today. You will wish you didn't sell because I know most of you did.
Your emotions caused you to sell.
Is this the end of crypto era?
What about ...
... Bakkt that is going to be launched on December 12th 2018?
... ETF that is most likely going to be approved in Q1 2019?
... institutional money that is floating in?
This is final warning, if you didn't sell before, do not sell now!
I am not financial advisor but I do not have to be in order to see the kind of opportunity you are going to miss if you sell right now.
By selling you are going to accept the huge loss and all hopes about better future will be lost!
If you have extra money, put that into the crypto because that $100 that you are going to spend on dinner with your friends could worth 10 times. That money you thought to spend on the car is going to bring you nothing but nice car and a lot of expenses. But if you invest that money in crypto, it could change not only your life but lives of people around you! Think of the future and forget about these price fluctuations and manipulations.
Crypto is here to stay!
Who is winning Bitcoin Cash war?
No one!
Both mining pools are mining Bitcoin Cash ABC and Bitcoin Cash SV at a loss. It is just the question when one of them is going to give up. Not only one of them but maybe even both of them because mining at the loss doesn't make any sense.
Most of the community says that mining Bitcoin is not profitable but look at these numbers and let me know your opinion: http://prntscr.com/lkoqb4
Mining Bitcoin is still profitable while mining Bitcoin Cash ABC and Bitcoin Cash SV is making both of these sides losses.
By the end of this month, we expect to see the end of the war.
The outcome is very simple. The coin that used to have a lot of fans disappeared and we have now two coins without any future. Both are destroying themselves and it is just the question when they are going to stop opperating.
All of this is proving that the only real Bitcoin is actually Bitcoin and that all of the others are just short term media stars and nothing else. That's why focus on future.
Hold Bitcoin! Because the mindset behind Bitcoin cash for example is limited. Increasing the blocksize is never going to be solution but rather scaling solutions such as Lighting Network or something new that is going to appear.
No one!
Both mining pools are mining Bitcoin Cash ABC and Bitcoin Cash SV at a loss. It is just the question when one of them is going to give up. Not only one of them but maybe even both of them because mining at the loss doesn't make any sense.
Most of the community says that mining Bitcoin is not profitable but look at these numbers and let me know your opinion: http://prntscr.com/lkoqb4
Mining Bitcoin is still profitable while mining Bitcoin Cash ABC and Bitcoin Cash SV is making both of these sides losses.
By the end of this month, we expect to see the end of the war.
The outcome is very simple. The coin that used to have a lot of fans disappeared and we have now two coins without any future. Both are destroying themselves and it is just the question when they are going to stop opperating.
All of this is proving that the only real Bitcoin is actually Bitcoin and that all of the others are just short term media stars and nothing else. That's why focus on future.
Hold Bitcoin! Because the mindset behind Bitcoin cash for example is limited. Increasing the blocksize is never going to be solution but rather scaling solutions such as Lighting Network or something new that is going to appear.
Lightshot
Screenshot
Captured with Lightshot
In an announcement on Medium, Bakkt CEO saying that the “volume of interest” in the company and the “work required to get all the pieces in place” contributed to the delay.
https://medium.com/bakkt-blog/launch-and-faqs-e1a3f7691d7b
https://medium.com/bakkt-blog/launch-and-faqs-e1a3f7691d7b
Medium
Launch update + reader FAQs
Bakkt Warehouse to feature warm & cold wallet insurance
It is November 21th, 2018
BTC dominance is currently at 53,5 (-1.0%). The total market cap is currently at $147.0 billion (+$1 billion). The market volume of the last 24h was $24.9 billion (+ $3 billion).
Fundamental analysis
Bakkt is delaying its launch
https://www.coindesk.com/ices-bakkt-delays-bitcoin-futures-launch-to-january
As we all know, this bloodbath began on November 14th. Since then, Bitcoin has lost 30% of its value and the 50 billion dollars has left the market.
This feels like capitulation across the crypto markets. Faith was lost in a crypto price once 2018 lows were smashed.
In our opinion, this all plays into market cycle psychology. This drop breaks many crypto investors. 2018 had been already very rough but this last move introduces the idea that maybe crypto isn't "the future of money" afterall??
We are here to tell you this is simply not the case! A lot of weak hands was shaken out this year and we believe that this most recent move shake out last weak men standing! Who stayed now will stay even if BTC drops further.
Price action can be depressing in its current state but it is important to look at how the space is evolving with new market participants building new products and innovating every day. Bitcoin is down over 75% from its all-time high but it is still the best performing asset class in the last 5 years. It has dwarfed stocks, bonds, currencies and commodities since inception too.
Ignore the noise, trust the code.
Is this capitulation??
Well technically, not yet. We need to see a bounce to confirm capitulation. What you should know about capitulation is that it's not the market bottom, prices usually continue their bear trend after a solid bounce, then consolidate slightly lower losing volatility.
We're looking to for confirmation once Bitcoin trends back about $5k and breaks above $6k!
In the traditional market, this could take another year to play out. But this is crypto; a market made up of low volume, high volatility, and valued at only $150bn as a whole. Things happen very quickly in this space. For now we will not swing short BTC at this price. Because of huge volatility we recommend scalping but be extra careful!
*Technical Analysis
Monthly time frame: At support https://www.tradingview.com/x/6mSyc9hl/
Weekly time frame: At support - https://www.tradingview.com/x/hHmHBuPK/
Daily time frame : At support - https://www.tradingview.com/x/AWuo9vNt/
4H time frame: At support - https://www.tradingview.com/x/eZEAxKnr/
As we shared in yesterdays post about Bitcoin Cash war, Bitcoin mining is currently not profitable for normal miners but for mining pools it is still profitable as long as it is above $3500.
Miners are playing huge role in this game so it is hard to imagine dropping below $3500 or even $4000. They will do all they can to prevent to mine at loss. Maybe they will be able to mine few days or few weeks at the loss but not more than that. So, spike through $3500 is possible but to expect to see price there for weeks or months is not likely to happen.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
BTC dominance is currently at 53,5 (-1.0%). The total market cap is currently at $147.0 billion (+$1 billion). The market volume of the last 24h was $24.9 billion (+ $3 billion).
Fundamental analysis
Bakkt is delaying its launch
https://www.coindesk.com/ices-bakkt-delays-bitcoin-futures-launch-to-january
As we all know, this bloodbath began on November 14th. Since then, Bitcoin has lost 30% of its value and the 50 billion dollars has left the market.
This feels like capitulation across the crypto markets. Faith was lost in a crypto price once 2018 lows were smashed.
In our opinion, this all plays into market cycle psychology. This drop breaks many crypto investors. 2018 had been already very rough but this last move introduces the idea that maybe crypto isn't "the future of money" afterall??
We are here to tell you this is simply not the case! A lot of weak hands was shaken out this year and we believe that this most recent move shake out last weak men standing! Who stayed now will stay even if BTC drops further.
Price action can be depressing in its current state but it is important to look at how the space is evolving with new market participants building new products and innovating every day. Bitcoin is down over 75% from its all-time high but it is still the best performing asset class in the last 5 years. It has dwarfed stocks, bonds, currencies and commodities since inception too.
Ignore the noise, trust the code.
Is this capitulation??
Well technically, not yet. We need to see a bounce to confirm capitulation. What you should know about capitulation is that it's not the market bottom, prices usually continue their bear trend after a solid bounce, then consolidate slightly lower losing volatility.
We're looking to for confirmation once Bitcoin trends back about $5k and breaks above $6k!
In the traditional market, this could take another year to play out. But this is crypto; a market made up of low volume, high volatility, and valued at only $150bn as a whole. Things happen very quickly in this space. For now we will not swing short BTC at this price. Because of huge volatility we recommend scalping but be extra careful!
*Technical Analysis
Monthly time frame: At support https://www.tradingview.com/x/6mSyc9hl/
Weekly time frame: At support - https://www.tradingview.com/x/hHmHBuPK/
Daily time frame : At support - https://www.tradingview.com/x/AWuo9vNt/
4H time frame: At support - https://www.tradingview.com/x/eZEAxKnr/
As we shared in yesterdays post about Bitcoin Cash war, Bitcoin mining is currently not profitable for normal miners but for mining pools it is still profitable as long as it is above $3500.
Miners are playing huge role in this game so it is hard to imagine dropping below $3500 or even $4000. They will do all they can to prevent to mine at loss. Maybe they will be able to mine few days or few weeks at the loss but not more than that. So, spike through $3500 is possible but to expect to see price there for weeks or months is not likely to happen.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
Coindesk
ICE's Bakkt Delays Bitcoin Futures Launch
Bakkt has delayed the launch of its bitcoin futures launch to January 2019.
Black Friday for everyone
We decided to give huge discount for our Paid Group first time since our channel exists!!
Offer is 50% Discount to Join Our Paid Channel.
The Actual Lifetime Membership Fee is 1000$
But You Have to Pay Only 500$ to Join (50% Off)
You will be added to Paid Channel + Our Paid Group Chat where is 400+ paid members, there you can make new connections and exchange FA and TA with other traders.
For more informations and payment options contact @cryptosignalsadmin
This is Limited offer Offer expires 24.11.2018
We decided to give huge discount for our Paid Group first time since our channel exists!!
Offer is 50% Discount to Join Our Paid Channel.
The Actual Lifetime Membership Fee is 1000$
But You Have to Pay Only 500$ to Join (50% Off)
You will be added to Paid Channel + Our Paid Group Chat where is 400+ paid members, there you can make new connections and exchange FA and TA with other traders.
For more informations and payment options contact @cryptosignalsadmin
This is Limited offer Offer expires 24.11.2018
Crypto Signals pinned «Black Friday for everyone We decided to give huge discount for our Paid Group first time since our channel exists!! Offer is 50% Discount to Join Our Paid Channel. The Actual Lifetime Membership Fee is 1000$ But You Have to Pay Only 500$ to Join (50%…»
It is November 22nd, 2018
BTC dominance is currently at 53.1% (- 0.4%). The total market cap is currently at $150.5 billion (+ $3.5 billion). The market volume of the last 24h was $17.1 billion (- $7.8 billion).
Fundamental analysis
Crypto Venture Capital Exec Compares Bitcoin to Post Dot-Com Bubble Amazon
https://cointelegraph.com/news/crypto-venture-capital-exec-compares-bitcoin-to-post-dot-com-bubble-amazon
If you go back to the internet bubble, which is what a lot of us in crypto look at for direction, Amazon, arguably one of the greatest companies in the history of the mankind, was down over 95 percent over two years.
Amazon went public in May 1997, with its share price of $18 per each. By December 1998, the company’s share price surged to more than $300 per share, but right after the dot-com bubble burst in March 2000, the share price slumped to just under $6 per share. Over time, Amazon managed to become the second U.S. company to reach a market value of $1 trillion and price of $2000 per share. The current share price is $1515.
Kerner said that current volatility is nothing compared to what longtime BTC investors have encountered, recalling a day in 2013 when the market fell by 70 percent overnight. “This is what investing in crypto is all about,” Kerner added, also noting that the impact of all great technological changes is overestimated in the short term and underestimated in the long term.
The venture capitalist further stated that Bitcoin is “**the greatest store of value ever created,**” adding that the leading cryptocurrency will surpass gold over time.
Technical analysis
3D time frame : https://www.tradingview.com/x/4ZRVoN1H/
Bitcoin is slowing down a little bit comparing to last few days but it is still very volatile with moves of $100-200.
It is currently below 4600 support and holding at mid support (4200).
Considering yesterday post and the fact about mining profitability, further decline to $3600 is possible but not below that area because it would danger mining profitability.
As always, spike through support area are possible but to expect to see Bitcoin below $3500 for weeks is not likely to happen.
Take this time as amaing opportunity for accumulating. The fact is that our market cap is just $150 billion tells you that it is too far from reaching its full potential. Considering market cap of gold that is $8 trillion, we have too much room to grow. Only reaching 10% of that would be very profitable. We are sure crypto is capable of achieving much more.
We do not want to compare with stock market cap that is currently around $60 trillion because we are still too far from that but achieving 10% of its value would launch us 50x from current market cap.
Never forget the full potential. Crypto is overestimated in short term and underestimated in long term.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
BTC dominance is currently at 53.1% (- 0.4%). The total market cap is currently at $150.5 billion (+ $3.5 billion). The market volume of the last 24h was $17.1 billion (- $7.8 billion).
Fundamental analysis
Crypto Venture Capital Exec Compares Bitcoin to Post Dot-Com Bubble Amazon
https://cointelegraph.com/news/crypto-venture-capital-exec-compares-bitcoin-to-post-dot-com-bubble-amazon
If you go back to the internet bubble, which is what a lot of us in crypto look at for direction, Amazon, arguably one of the greatest companies in the history of the mankind, was down over 95 percent over two years.
Amazon went public in May 1997, with its share price of $18 per each. By December 1998, the company’s share price surged to more than $300 per share, but right after the dot-com bubble burst in March 2000, the share price slumped to just under $6 per share. Over time, Amazon managed to become the second U.S. company to reach a market value of $1 trillion and price of $2000 per share. The current share price is $1515.
Kerner said that current volatility is nothing compared to what longtime BTC investors have encountered, recalling a day in 2013 when the market fell by 70 percent overnight. “This is what investing in crypto is all about,” Kerner added, also noting that the impact of all great technological changes is overestimated in the short term and underestimated in the long term.
The venture capitalist further stated that Bitcoin is “**the greatest store of value ever created,**” adding that the leading cryptocurrency will surpass gold over time.
Technical analysis
3D time frame : https://www.tradingview.com/x/4ZRVoN1H/
Bitcoin is slowing down a little bit comparing to last few days but it is still very volatile with moves of $100-200.
It is currently below 4600 support and holding at mid support (4200).
Considering yesterday post and the fact about mining profitability, further decline to $3600 is possible but not below that area because it would danger mining profitability.
As always, spike through support area are possible but to expect to see Bitcoin below $3500 for weeks is not likely to happen.
Take this time as amaing opportunity for accumulating. The fact is that our market cap is just $150 billion tells you that it is too far from reaching its full potential. Considering market cap of gold that is $8 trillion, we have too much room to grow. Only reaching 10% of that would be very profitable. We are sure crypto is capable of achieving much more.
We do not want to compare with stock market cap that is currently around $60 trillion because we are still too far from that but achieving 10% of its value would launch us 50x from current market cap.
Never forget the full potential. Crypto is overestimated in short term and underestimated in long term.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
Cointelegraph
Crypto Venture Capital Exec Compares Bitcoin to Post Dot-Com Bubble Amazon
CryptoOracle partner Lou Kerner said that strong cryptocurrencies should be viewed like the big companies that came out on top after the dot-com bubble.
Read Public Disclosure: Malicious GasToken Minting
https://medium.com/level-k/public-disclosure-malicious-gastoken-minting-236b2f8ace38
https://medium.com/level-k/public-disclosure-malicious-gastoken-minting-236b2f8ace38
Medium
Public Disclosure: Malicious GasToken Minting
This is a public disclosure of a newly discovered vulnerability. Some affected parties have already been notified in a private disclosure…
Most of people are arguing if the block size of Bitcoin is enough. That's why they forked Bitcoin to Bitcoin Cash to increase block size. Then, few days ago we saw one more fork that splitted community into 2 parts. Those who thinks 32 MB per block is enough and those who think that it is not enough and that it has to increase to 128 MB.
Most of them are not getting the point of the blockchain. Fixed blocksize will reach its limit sooner or later we should look for other solution.
Best solution at the moment is scaling solution that is done through Lighting network.
Check out below detailed explanation about Lighting Network
Most of them are not getting the point of the blockchain. Fixed blocksize will reach its limit sooner or later we should look for other solution.
Best solution at the moment is scaling solution that is done through Lighting network.
Check out below detailed explanation about Lighting Network
It is November 23rd, 2018
BTC dominance is currently at 53.6% (+0.5%). The total market cap is currently at $139.4 billion (- $11.1 billion). The market volume of the last 24h was $14.4 billion (- $2.7 billion).
Fundamental analysis
China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
https://cointelegraph.com/news/china-crypto-miners-sell-off-mining-devices-by-kilo-amidst-market-decline
Main question right now is about mining and if that is profitable for miners to mine Bitcoin?
We are not going to follow the crowd and listen to the rumours but rather check real data on Blockchain and let you know the real truth about mining profitability. In the post after this market update, we will cover this topic so make sure you read that article.
While one side is turning off their machines, others are buying more and expanding their business (Bitmain).
Whole article read below after this market update.
Technical analysis
3D time frame : https://www.tradingview.com/x/NGK3l6qK/
We are looking at this time frame because daily is currenlty too small time frame for general market and weekly is a little bit too big so 3D is kinda ideal.
What we see on this time frame is that it is currently forming potential doji candle that is well known as reversal sign. This candle is closing today so in case it closes as doji, it will create potential bullish momentum and we may see some up moves.
On the other side, if price closes below 4100-4000, the bullish scenario is going to be canceled and we will get bearish mometum and trigger for 3600-3700 area.
We are currently scalping the market because it offers a lot of volatility and our main focus is on short entries. If we see bullish close on 3D, we will check 1D and H4 and look for long entries as well.
In case of bullish scenario we will get mometum to 5000-5200 area and in case bearish, we will target 3600-3700 area.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
BTC dominance is currently at 53.6% (+0.5%). The total market cap is currently at $139.4 billion (- $11.1 billion). The market volume of the last 24h was $14.4 billion (- $2.7 billion).
Fundamental analysis
China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
https://cointelegraph.com/news/china-crypto-miners-sell-off-mining-devices-by-kilo-amidst-market-decline
Main question right now is about mining and if that is profitable for miners to mine Bitcoin?
We are not going to follow the crowd and listen to the rumours but rather check real data on Blockchain and let you know the real truth about mining profitability. In the post after this market update, we will cover this topic so make sure you read that article.
While one side is turning off their machines, others are buying more and expanding their business (Bitmain).
Whole article read below after this market update.
Technical analysis
3D time frame : https://www.tradingview.com/x/NGK3l6qK/
We are looking at this time frame because daily is currenlty too small time frame for general market and weekly is a little bit too big so 3D is kinda ideal.
What we see on this time frame is that it is currently forming potential doji candle that is well known as reversal sign. This candle is closing today so in case it closes as doji, it will create potential bullish momentum and we may see some up moves.
On the other side, if price closes below 4100-4000, the bullish scenario is going to be canceled and we will get bearish mometum and trigger for 3600-3700 area.
We are currently scalping the market because it offers a lot of volatility and our main focus is on short entries. If we see bullish close on 3D, we will check 1D and H4 and look for long entries as well.
In case of bullish scenario we will get mometum to 5000-5200 area and in case bearish, we will target 3600-3700 area.
If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://news.1rj.ru/str/CryptoExpertSignals
To your success, CS Team!
Cointelegraph
China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline
Chinese crypto miners are reportedly selling their mining equipment “by kilo,” as they have reached the “shutdown price” amidst the recent market crash.
Mining profitability
Main question, is it true that miners are turning off their machines?
According to data we have, the hash rate is dropping so it is true that some of the mining machines are being turned off!
http://prntscr.com/llv39p
As you can see, at its peak, hash rate was around 60 000 000 TH/s. At the moment it is at 40 000 000 TH/s. It means that 1/3 of the mining equipment is turned off. But, we saw these drops to 40 000 000 3 more times in period from late August 2018 to the late October 2018.
But, we are still having 4 times more hash rate than we had in December 2017 while the market is 75% down. It means that technology is way better and it grew a lot in last 12 months.
Hashrate distribution
http://prntscr.com/llv44c
We can see that BTC.COM and Antpool are growing with hashrate. If we consider that others are turning off their machines, they are at least keeping their machines on or even buying more.
BTC.COM and Antpool are under Bitmain control. Also, Bitmain is share holder of ViaBTC mining pool. Considering this, Bitmain is controlling around 45% of the mining hashrate.
Difficulty
http://prntscr.com/llv4vv
As you can see it is dropping too. What does difficulty mean?
As you may know, mining is process where miners are trying to solve mathematical problem in order to get mining reward. If the difficulty is high, it means that problem is harder to be solved and it lead us to conclusion that they are getting less mining reward.
On the other side, when it is dropping, it means that mathematical proiblem gets easier for them to solve and that they are getting more mining reward.
This means that these mining pools that are still active are going to earn more Bitcoin than they used to earn before and it means their mining will be profitable again.
This means that the price decrease is going to cause decrease in mining hashrate that is going to cause decrease in difficulty that is going to increase mining reward for the miners.
So, this seems not so bad at all, right?
What is the disadvantage of this?
As there is less mining hashrate, the only problem could be increase in transaction fees. Let's see if there is increase.
Transaction fees
http://prntscr.com/llv6k5
http://prntscr.com/llv6pi
http://prntscr.com/llv6vw
As you can see, there is slightly increase but it can't be even compared to increase in 2017. In our opinion, it doesn't matter if you pay 5 cents or 20 cents for transaction. As long as it is below $1, it is more than affordable.
So, to conclude, the drop didn't affect mining at all. The transaction fees and speed is still very good so at this price range, mining is not in danger.
At the end, for those that are curios how mining was profitable in 2017 at $1000 for example, here is quick explanation.
Simply, there were less miners. For example, in April 2017, total hash rate was 4 000 000 TH/s. It means 10 times lower than current rate. It means 10 times less miners roughly.
At the same time, difficulty was 15 times lower than current rate.
Block reward was 25 BTC instead of 12.5 BTC at the moment because halving happened in the middle of 2017. If you do not know, halving is the process that cause decrease in block reward by 2 ever 4 years. In 2021 it will be decreased from 12.5 BTC to 6.25 BTC and so on.
If we consider all of this, we see clearly the reason why it was much more profitable.
Mining is in a bubble, further decrease my happen but considering scaling solution such as Lighting Network, we think Bitcoin is safe and that both miners and community will be satisfied.
All data that were used in this post are coming from blockchain.com
We hope you get some value this article! If you like it, you can support us by inviting your friends to join us: https://news.1rj.ru/str/CryptoExpertSignals
Main question, is it true that miners are turning off their machines?
According to data we have, the hash rate is dropping so it is true that some of the mining machines are being turned off!
http://prntscr.com/llv39p
As you can see, at its peak, hash rate was around 60 000 000 TH/s. At the moment it is at 40 000 000 TH/s. It means that 1/3 of the mining equipment is turned off. But, we saw these drops to 40 000 000 3 more times in period from late August 2018 to the late October 2018.
But, we are still having 4 times more hash rate than we had in December 2017 while the market is 75% down. It means that technology is way better and it grew a lot in last 12 months.
Hashrate distribution
http://prntscr.com/llv44c
We can see that BTC.COM and Antpool are growing with hashrate. If we consider that others are turning off their machines, they are at least keeping their machines on or even buying more.
BTC.COM and Antpool are under Bitmain control. Also, Bitmain is share holder of ViaBTC mining pool. Considering this, Bitmain is controlling around 45% of the mining hashrate.
Difficulty
http://prntscr.com/llv4vv
As you can see it is dropping too. What does difficulty mean?
As you may know, mining is process where miners are trying to solve mathematical problem in order to get mining reward. If the difficulty is high, it means that problem is harder to be solved and it lead us to conclusion that they are getting less mining reward.
On the other side, when it is dropping, it means that mathematical proiblem gets easier for them to solve and that they are getting more mining reward.
This means that these mining pools that are still active are going to earn more Bitcoin than they used to earn before and it means their mining will be profitable again.
This means that the price decrease is going to cause decrease in mining hashrate that is going to cause decrease in difficulty that is going to increase mining reward for the miners.
So, this seems not so bad at all, right?
What is the disadvantage of this?
As there is less mining hashrate, the only problem could be increase in transaction fees. Let's see if there is increase.
Transaction fees
http://prntscr.com/llv6k5
http://prntscr.com/llv6pi
http://prntscr.com/llv6vw
As you can see, there is slightly increase but it can't be even compared to increase in 2017. In our opinion, it doesn't matter if you pay 5 cents or 20 cents for transaction. As long as it is below $1, it is more than affordable.
So, to conclude, the drop didn't affect mining at all. The transaction fees and speed is still very good so at this price range, mining is not in danger.
At the end, for those that are curios how mining was profitable in 2017 at $1000 for example, here is quick explanation.
Simply, there were less miners. For example, in April 2017, total hash rate was 4 000 000 TH/s. It means 10 times lower than current rate. It means 10 times less miners roughly.
At the same time, difficulty was 15 times lower than current rate.
Block reward was 25 BTC instead of 12.5 BTC at the moment because halving happened in the middle of 2017. If you do not know, halving is the process that cause decrease in block reward by 2 ever 4 years. In 2021 it will be decreased from 12.5 BTC to 6.25 BTC and so on.
If we consider all of this, we see clearly the reason why it was much more profitable.
Mining is in a bubble, further decrease my happen but considering scaling solution such as Lighting Network, we think Bitcoin is safe and that both miners and community will be satisfied.
All data that were used in this post are coming from blockchain.com
We hope you get some value this article! If you like it, you can support us by inviting your friends to join us: https://news.1rj.ru/str/CryptoExpertSignals
Lightshot
Screenshot
Captured with Lightshot
This is how real scalping looks like https://www.tradingview.com/x/c5o92388
We caught move of $150 today in our paid group. The trade reached its target in less than 3 hours! 💪❤️
We caught move of $150 today in our paid group. The trade reached its target in less than 3 hours! 💪❤️