Jump to content
Perishabull

The life and times of the Cryptocurrency markets

Recommended Posts

Bitcoins still engaged in Test of $10,000 ... update

7eoZtuu.png

I would like to see it back above $11,500 and headed higher

sCYwUlr.png

==

I would like to see it back above $11,500 and headed higher

Share this post


Link to post
Share on other sites

HIVE Blockchain Technologies Gets a New Ticker: HVBTF

QpBjXZX.gif

Investors should be aware that HIVE Blockchain Technologies, the blockchain infrastructure company that U.S. Global Investors made a strategic investment in last year, recently got approval to change its ticker on the OTC Markets. HIVE will now trade under the stock symbol HVBTF. It was previously trading under the symbol PRELF. No action is required by current shareholders, but I thought they should be made aware nonetheless.

Share this post


Link to post
Share on other sites

BUY Bitcoin Cash soon? ... update

BS7Oo4r.jpg

Share this post


Link to post
Share on other sites

Tips: LISK, Siacoin

I found this interview fascinating...

Not only for its insights into Crypto-currencies, but also for the viewpoint on the present political situation

"I have become a reinvigorated patriot"

Bitcoin Blockchain and a QAnon Coup - Greg Reese

"How are we going to change things to make sure this does not happen again?"

Share this post


Link to post
Share on other sites

RATING Cryptos

Weiss Goes Back To Basics

In a move which was highly anticipated in financial circles, Weiss, which has offered independent ratings since 1971, appeared to offer little insight into cryptocurrencies’ value in the minds of users.

Its scores are reportedly calculated using “thousands of data points on each coin’s technology, usage, and trading patterns.”

For Bitcoin, Weiss delivered the following verdict:

Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.

Ethereum meanwhile gained a B due to “more readily upgradable technology and better speed.”

Bitcoin Cash came away with a C-, just marginally ahead of relatively unknown SaluS and Novacoin, which attained a score of D with advice to “sell.”

> http://bitcoinist.com/bitcoin-gets-c-weiss-cryptocurrency-ratings-fall-short-mark/

Share this post


Link to post
Share on other sites

Mammoth Hack of NEM

Hackers stole several hundred million dollars' worth of a lesser-known cryptocurrency from a major Japanese exchange Friday.

Coincheck said that around 523 million of the exchange's NEM coins were sent to another account around 3 a.m. local time (1 p.m. ET Thursday), according to a Google translate of a Japanese transcript of the Friday press conference from Logmi. The exchange has about 6 percent of yen-bitcoin trading, ranking fourth by market share on CryptoCompare.

The stolen NEM coins were worth about 58 billion yen at the time of detection, or roughly $534.8 million, according to the exchange. Coincheck subsequently restricted withdrawals of all currencies, including yen, and trading of cryptocurrencies other than bitcoin.

Bloomberg first reported the hack. A CNBC email sent to Coincheck's listed address bounced back.

Cryptocurrency NEM, which intends to help businesses handle data digitally, briefly fell more than 20 percent Friday before recovering to trade about 10 percent lower near 85 cents, according to CoinMarketCap. Most other major digital currencies, including bitcoin, traded little changed on the day.

https://www.cnbc.com/2018/01/26/japanese-cryptocurrency-exchange-loses-more-than-500-million-to-hackers.html

Share this post


Link to post
Share on other sites

Bitcoin chart is "still not (completely) out of the woods yet" ... 12mo update / 8yr: 12mo : 5m : 2m : 1m : 25 10 5d 2d :

J0coiO2.png

The second (304 period) Moving Averages shown above could soon rollover, and be pierced by the short one (84 periods)

Share this post


Link to post
Share on other sites

Just another day - on the Crypto Battlefield

https://i.imgur.com/t4kSl6b.mp4

Share this post


Link to post
Share on other sites

The Biggest Bubble in human history?

Goldman issues a warning on bitcoin—and an even bigger warning on Ethereum

Goldman quotes historian on ‘tulip bubble’: ‘Our descendants doubtless will laugh at the human insanity of our Age’

MW-GC195_gsbitc_20180122120730_ZH.jpg?uuGetty 

by RyanVlastelica, Markets reporter

The chorus of bitcoin bears is growing louder by the day.

The latest to issue a stern warning against the world’s largest digital currency is Goldman Sachs’s investment management division, which wrote that there is “no doubt” that the cryptocurrency’s astronomical rise over the past year “has pushed it into bubble territory.”

The firm added that bitcoin’s “meteoric rise in a short time has dwarfed the rise seen during the dot-com bubble.” They added: “We also believe that cryptocurrencies have moved beyond bubble levels in financial markets, and even beyond the levels seen during the Dutch ‘tulipmania’ between 1634 and early 1637.”

MW-GC180_GSbtc1_20180122102702_NS.jpg?uuCourtesy Goldman Sachs
 

Bitcoin BTCUSD, -0.31%  last traded at $10,900.77, up 1.2% on the day. The digital currency, maintaining one of its most notorious qualities, has been incredibly volatile in 2018, seeing massive swings on a near daily basis. Over the past year, bitcoin has risen by a factor of more than 10, although it has also dropped significantly. After closing 2016 under $1,000, it subsequently soared throughout most of last year, peaking near $20,000 in December before turning sharply lower.

The volatility of the market, along with a lack of regulation, was cited by the Securities and Exchange Commission as reasons why it was unlikely to approve an exchange-traded fund related to bitcoin soon.

Related: Bitcoin could fall off cliff, drop 90%, one Wall Street strategist warns

> More:

https://www.marketwatch.com/story/the-bitcoin-bubble-now-dwarfs-tulips-and-dot-com-stocks-goldman-warns-2018-01-22?siteid=bigcharts&dist=bigcharts

 

Share this post


Link to post
Share on other sites

Another attempt at a Bitcoin low?

The Bitcoin Drop may be done, based on the fall to Fibonacci 38.2% of the Peak

Bitstamp -12month chart ... update

DpBQW87.png

Since Feb1... update

mbjg9KJ.png

Share this post


Link to post
Share on other sites

b6Xmtsc.jpg

Share this post


Link to post
Share on other sites
On 2/3/2018 at 4:37 PM, drbubb said:

b6Xmtsc.jpg

Well it's been brutal so far, but this is the cryptocurrency markets.

i considered selling a further 10% at the turn of the year, but didn't - a very unwise move.  Clearly things were manic at year end and I didn't heed these warnings.  Still my thesis played out during 2017 - cryptocurrency to go mainstream.

Question now is - whether after the regulatory headwinds die down - will this become an investable asset class for institutional investors?

I think it will but this will take time.

I'm very fortunate having got in near the ground floor at the start of 2017.

Share this post


Link to post
Share on other sites

Yup, you can bear some violent swings if your cost is low enough - mine too.

 / this is from : http://tinyurl.com/CryptoCats

THE "ideal" Bitcoin BOTTOM that did not hold... as Negative News poured out

Yesterday's drop was a shocker for some.  Those who use Fibonacci numbers as a key part of their analysis might have expect BTC Prices to hold above $7400.

That's a logical support level, using Peak Price x Fibo. Ratio, or $19,500 x 38.2% = $7,450. 

But that bottom which would have been something like a retest of the Feb 2nd Low did not hold.  Here's what happened instead : Update-10d chart : 5d :

tvbCfcI.png

A lower Low of about $6,000 was made. (That's 30.8% of the peak price - a number of no particular Fibonacci significance, as far as I know.)

Why did it go so low?

There was some very strongly negative news from China, which made the front page of the SCMP in Hong Kong:

Bitcoin bombs below US$7,000 as sell-off accelerates amid bank bans ...

China puts the final nail in the cryptocurrency coffin. Bullion edged higher as other safe havens – the yen, Swiss franc and European bonds – also gained. Weeks of negative news and commercial setbacks have buffeted digital tokens. A growing number of big credit-card issuers have said they're halting ...

Beijing bans bitcoin, but when did it all go wrong for cryptocurrencies ...

After conducting investigations at China's three biggest bitcoin exchanges – BTC China, Huobi and OkCoin – in Beijing and Shanghai, the central bank accuses them of a lack of internal risk controls and ...

No chart analysis can overcome really powerful negative surprises such as was contained in these articles.

The good news is that prices are now back up to about $7,400 as I write this - the price is retesting the breakdown point, which is now resistance.

 

Share this post


Link to post
Share on other sites

Gold trader gets Dubai licence to trade and store cryptocurrencies

Kitco News / feb. 13th

DUBAI, Feb 13 (Reuters) - Gold trader Regal RA DMCC has become the first company in the Middle East to be awarded a licence by the Dubai Multi Commodities Centre (DMCC) to trade in cryptocurrencies.

The licence allows the company to store bitcoin, ethereum and other alternatives to the best-known digital currencies in a vault located in the headquarters of the commodities free zone, DMCC said in a statement on Tuesday.

The vault will have no connection to a network and physical devices are fully insured for the crypto-commodities market value against theft, hacking or natural disaster, it said. Crypto-commodities are those that trade in bitcoin.

Cyber theft is seen as a major risk for bitcoin trading, highlighted by last month's heist of about $530 million from a Tokyo-based exchange, a theft rivalling Mt. Gox's as one of the biggest ever for digital currency. There have been increasingly loud warnings around the world about the dangers of investing in cryptocurrencies, which remain largely outside the regulatory net.

However, Regal RA DMCC's announcement came as the regulator of Abu Dhabi's international financial centre said this week it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade in cryptocurrencies to develop. Regal RA DMCC, is a subsidiary of Regal Assets, an alternative asset firm which has offices in the United States, Canada and the United Arab Emirates.

Share this post


Link to post
Share on other sites

The Bitcoin correction may be over - an ABC correction is in place

BTS ... 12mo : 5mo : 10-d :

sHjc8P5.png

$10,000 next resistance?

CAo0YYr.png

==

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×