Bitcoin and other Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) has issued a statement on celebrities using social media networks to encourage the public to purchase Initial Coin Offerings (ICOs) and other investments, indicating that such 'endorsements' may be unlawful if compensation is paid and not disclosed.

more...

Why has Bitcoin's latest fork failed to entice investors?

Bitcoin Gold, a fork of Bitcoin that aims to democratize mining, has thus far failed to win over investors, its futures dropping to an all-time low the day after its software client went live.

Futures for this altcoin, which is very similar to Bitcoin but allows a wider range of processors to be involved with mining, fell to as little as $218.34 today on CoinMarketCap, a more than 50% decline from the all-time high of $509.81 they reached on November 11.

At the time of report, Bitcoin Gold futures had recovered modestly, trading at $268.61, additional CoinMarketCap figures show.

more...

What are the best tips for new Bitcoin investors?

more...

In September of 2014, in an interview with Fox Business, Tim Draper claimed Bitcoin would hit $10,000 USD in three years. To put that in perspective, Bitcoin was worth $413 USD at the time of the interview. Even strong believers in bitcoin and cryptocurrency in general were skeptical of such massive overall growth—particularly after the intense fluctuations the market, like the crash of 2011, in which the cryptocurrency declined in value by 94 percent.



more...

Bitcoin has breached $14,000, but is its price sustainable?

more...

How to trade on an external cryptocurrency exchange via MetaTrader 5

Not so long ago, the MQL5 language developers have introduced the updated functionality featuring the ability to develop custom symbols and charts. The broad traders' community has not yet had time to appreciate the power of this innovation, but even an easy and unobtrusive brainstorm shows an enormous potential hidden in the custom symbols. Together with other MQL tools, they allow you to implement many of the most daring and interesting ideas.

From now on, MetaTrader 5 is not just a terminal that interacts with one DC. Instead, it is a self-sufficient analytical platform able to connect to various exchanges via the API, as well as visualize price movements and trade flows. A small set of new features turns the terminal into an open system rather than a toolbox containing a limited number of trading tools. In my opinion, custom tools can also become powerful analytical capabilities.

Let's illustrate the new language features using the popular subject of cryptocurrencies as an example. I believe, it will further strengthen the community's interest in custom symbols.

Who might benefit from the article:

• cryptocurrency exchange traders;
• investors familiar with MetaTrader 5 and portfolio investments;
• freelance programmers who can now execute the customers' orders related to cryptocurrency trading in a simpler (and cheaper) way;
• everyone who follows the new MetaTrader 5 and MQL5 language features.

The value of Ethereum’s currrency is increasing alongside Bitcoin and Litecoin, and the price of one Ether is currently at a high of $625.25 USD, according to CoinMarketCap, despite the CryptoKitties drama.



more...

DigiByte has launched into the #37 spot with a market cap of $682M.

more...

Bitcoin & Litecoin look to hold support, build wedges

Bitcoin has been relatively quiet the past three weeks, with it closing out Friday right about where it was trading three weeks ago. The overall price action, thus far, is constructive following the massive run-up in the final months of last year.

With a little more time, a wedge – of either the symmetrical or descending variety – could come into play as long as support holds between current levels down to ~12000. If a wedge is to fully develop, then the coming days will likely lead to another week of indecisive trading, but with the downside contained.

The big key for keeping the outlook constructive will be holding the aforementioned support level or at worst the slope around 11600 dating back to May and 11160 spike-day low. A breakdown below the final thresholds of support would not only take the wedge scenario off the table, but likely lead to a much broader decline.

Ethereum acting the strongest, trend-line test may come soon

The incredible rally from 500 to last week’s high of 1382 has Ethereum in need of a breather. A full test and hold of the trend-line running up from mid-December could position it for another thrust to new highs. Given the proximity of the trend-line, if it is to be met, will do-so in the days ahead. A break of the trend-line won’t turn the picture bearish, but will offer a sign of caution. The next eyed level of support clocks in at the December high of 863.

Ripple put in a reversal-day on Thursday, but can it hold?

This past week, Ripple was undergoing a much-needed correction before it found buyers on the MoneyGram headline on Thursday. The volatile price action put in a 'long-legged doji' (marking a potential inflection point), with the low of the candlestick viewed as important support in the near-term.
If the Thursday low fails, the next level of support comes in at a swing-high created last month at 1.2495. The general outlook for Ripple is a bit unclear given the vertical rise it had during December. An extended period of sideways price action (similar to what is currently happening in Bitcoin and Litecoin) may be needed before another round of buying can push it higher.

more...

With the price of Bitcoin, the 'Big Daddy' of cryptocurrencies, falling below $10,000, as regulators in Asia and Europe circle and call for restrictions on trading will the current rout continue and where could the digital currency tread next?

more...