​​During Economic Upheavals, is BTC a Safety Net?

Can bitcoin protect your capital in times of economic crisis? Looking back at bitcoin and it’s price action since 2015, it is easy to see the mind-blowing growth in the value of the asset during periods of economic instability across the globe. In this article, we evaluate whether bitcoin is worthy of your attention and if it should be part of your investment portfolio.

There are problems with the stability of the website. We are working to fix this. We apologize for the inconvenience.

Update: 3Commas is back up and should now be running normally again. Sorry for the inconvenience.

🛠For those who use Coinbase

The exchange will perform a scheduled system upgrade today on Jan 30 from 10:30 PM till Jan 31, 1:00 AM (UTC).
During this time, sending crypto will be disabled and receiving crypto may be delayed.

While Bitcoin is updating local highs, we want to update you regarding the essential news in the crypto-industry since our debut Digest earlier this week.

Market Cap: $258 812 101 194
24h Vol: $121 993 883 056
BTC Dominance: 66%
BTC: 9388$ (+0.68)

🔹John McAfee called Bitcoin a «Shitcoin».
The infamous entrepreneur believes that the future lies with altcoins.

🔹January Trend - Miners Vote to Pay Developers
The Zcash community has supported the idea of ​​changing the distribution of remuneration. Miners will continue to receive 80% of the reward for the mined block (despite the original plan that after the next halving, miners would receive 100% of the block reward.)
The donated 20% will be divided as follows:
5% - Zcash Foundation
7% - Electric Coin Company (the development company)
8% - will fund grants for third-party developers

🔹The Bitcoin Cash Network Doesn’t Fail, It Just Gets Confused
The Bitcoin Cash network got caught-up for 5 hours; miners could not find block 620026. The network is now working as usual.

🔹Upcoming Proposals for Improving Bitcoin
The Schnorr and Taproot soft forks, aimed at increasing scalability and privacy, are officially framed as proposals for improving bitcoin.

#3C_digest

​​The Coronavirus Effect on Bitcoin

According to the latest data, the Chinese coronavirus 2019-nCoV infected more than 9 thousand people. This terrible event could not help but affect the state of the world economy.

Here is how Markets have responded over the past week:

- Chinese CSI 300 lost more than 4%
- Shanghai Stock Exchange index lost almost 3%
- Dow Jones lost more than 1%
- A barrel of Brent fell by nearly 10%

But the defensive assets that we recently wrote about are growing in price:
- Gold has risen in price by 2%
- Bitcoin rushed to $10,000 per coin

#BLOG

​​Is Manipulation Pushing BTC Down to $7,500?

Rumours about the manipulation of the Bitcoin exchange rate by "large" players in the cryptocurrency market have been around for quite some time. Specific patterns seem to repeat on bitcoin charts, the world's first cryptocurrency. If we connect the dots, a picture starts to develop, leading us to see who deliberately burst the bubble in 2017 and why bitcoin can repeat a similar declining scenario. We will try to understand this and more in this analysis.

#BLOG
5 min read

The latest news for you in our digest

Market Cap: $260,147,242,181
24h Vol: $108,376,536,512
BTC Dominance: 64,6%
BTC: $9259 (-0.15)

🔹Bitmex launched a new perpetual swap on the XRP/USD with up to x50 leverage. Arthur Hays posted an ironic tweet comparing XRP with a dogshit.

🔹Genesis hardfork of Bitcoin SV network took place on the block #620 538. But not all the miners updated their soft. As a result: block #620 539, going right after the hardfork, mined with a non-updated client was regarded as invalid.

🔹Aztec protocol was officially launched on Ethereum’s mainnet. According to the Team, protocol provides high level of privacy, and also significantly reduces the transactional costs.

🔹Coinbase severely limited daily withdraw limits for some users.

#3C_digest

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Notice of Removal of Trading Pairs - 2020/02/07
https://www.binance.com/en/support/articles/360039154812

​​📣 While bitcoin price is growing our subnoscription prices are falling

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Discounts on all subnoscriptions types:

- 50% off annual plans;
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Get your unique discount promocode by clicking on the "Winter Sale" button in the top menu.

​​📈While bitcoin is just one step from $10k, we’ve got the latest news for you

Market Cap: $277,283,714,228
24h Vol: $140,675,413,557
BTC Dominance: 64,1%
BTC: $9759 (+1.38)

🔹Justin «the King of Pumps» Sun finally had dinner with Warren Buffett. Sun took Charlie Lee (creator of Litecoin), Joni Assia (CEO of eToro), Chris Lee (CFO at Huobi) and Helen Hai (Head of Binance Charity Foundation) with him. By the way, the dinner took place 2 weeks ago.

🔹Nikolai Durov (co-founder of Telegram Open Network) reveals Catchain, a BFT Consensus Algorithm. The process of blocks validation is similar to Cosmos. And differs in the way of cooperation between the nodes. Telegram is set to have up to 100 validators for the master chain and 10–30 for each shard chain.

🔹Binance has enabled support for instant crypto purchases with russian rubles, using Visa cards. Commission for buying crypto is just 1%.

🔹Elon Musk complains about crypto scammers in Twitter. John McAfee believes, that the problem can be solved in 24h.

#3C_digest

Binance Futures Will Launch BNB/USDT Perpetual Contract With Up to 50x Leverage
https://www.binance.com/en/support/articles/360039190692

Bitcoin hits $10’000. What’s next?

Arthur Hayes and CZ believe in the further growth and new ATHs.

But let’s look at altcoins, that can even outperform Bitcoin. Due to the past altcoins’ gains, we can assume, that a full-scale altseason will start after Bitcoin reaches a local (or even global) high and sustains on this level. However, now we have an opportunity to board an «altcoin-rocket» before the launch, like on the engine warm-up stage. Many coins have already grown 50% and even more, but it can be just the beginning. And please don’t forget to set stop losses.

​​📌 Today we dive deep into a common strategy among professional traders, the DCA strategy, or Averaging. We will also take a look at some examples using a specially created simulator to help illustrate how effective the DCA strategy is.

Finally, we show you how the DCA bots work in 3Commas, and we show you exactly how to set one up for yourself.

8 min read
#BLOG

The latest news for you in our digest

Market Cap: $299 533 830 209
24h Vol: $146 042 056 468
BTC Dominance: 62,7%
BTC: $10315 (+5,77%)

After an expected correction Bitcoin is ready to hit $10 000 again. We wrote, that altcoins can even outperform Bitcoin, so it was a good idea to buy them during the correction.

News background is very miscellaneous. PlusToken’s bitcoins start moving, we wrote about possible effect here. Huobi exchange is accused of cartel collusion with Chinese EOS block producers.

However, there is much more positive news.

🔹According to ICO Analytics, traffic on top exchanges has grown up to 40%.

🔹Coinbase will provide custodial services for Polkadot. Dfinity is the last heavyweight project, whose plans about listing on exchanges are not public yet.

🔹More Coinbase. Residents of New York State will be able to trade Zcash. CVC, GNT, LOOM and MANA now are available for trading on Coinbase PRO.

🔹Okex launched OKCain testnet and OKEx DEX. Huobi chain is next in line for a launch.

🔹And our regular column: «Justin Pump». This time he asked to buy Tron, calling it a shitcoin.

#3C_digest

NEO is next on Binance Futures?

Binance exchange continues to develop its Futures platform. CEO of an exchange back in early January tweeted, that Binance Futures will add most of TOP-20 altcoins soon.

19 assets can be traded on Binance Futures platform at the moment. Since the announcement of adding an asset on the platform, token price usually grows about 5-10%. If you look at margin trading on Binance, all assets except NEO were already added on Binance Futures platform.

It’s highly likely, that perpetual contract on the NEO/USDT with up to 50x leverage will launched on Binance Futures soon.

And we remind you, that trading futures on Binance Futures is available in 3Commas with bots.

​​This recent bitcoin rally has the world a buzz. So many questions are flooding social media platforms, and most of them are wondering how long this bull run will last.

There are some technical and fundamental things at work here that may change your opinion of this rally. Explore with us, what's behind this trip to 10k and what may be coming next?

🇧🇷Great update For Portuguese speaking users🇧🇷

3Commas is now available in Portuguese. Trade bots and Smart Trade creation become easier. You can change the language on the Settings page. Support in Portuguese will be also available soon.

Binance users, CZ twitted about delays in the order book displaying. Some users also say it affects the whole platform and trading itself, not only order book display.

The Binance team is working to solve the issue as soon as possible.