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Bitcoin and other Cryptocurrencies

This is a discussion on Bitcoin and other Cryptocurrencies within the General Discussion forums, part of the Trading Forum category; The Dutch central bank – the De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) have ...

      
   
  1. #231
    Senior Member mlawson71's Avatar
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    The Dutch central bank – the De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) have jointly proposed licensing requirements for all crypto exchanges operating on Dutch soil.
    The regulations will require all crypto exchanges and e-wallet providers to monitor, collect, and store customers’ transactions data on their platform and to report any suspicious activity to the authorities.
    In order a crypto exchange to receive an operating license, it will first have to pass a testing period with the Central Bank, which will monitor the exchange to check if it is capable of collecting and storing the required data.

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  2. #232
    Senior Member FXstreet's Avatar
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    Bitcoin Volatility Falls To Lowest Since Mid-November

    Bitcoin and other Cryptocurrencies-btcusd-d1-fx-choice-limited-3.png


    When will bitcoin markets break free of their current malaise?

    Bitcoin and other Cryptocurrencies-btcusd-h4-fx-choice-limited-2.png


    A measure of bitcoin volatility reached a more-than two-month low today, offering the latest evidence of the digital currency's malaise.

    Bitcoin and other Cryptocurrencies-btcusd-h4-fx-choice-limited-3.png


    The cryptocurrency's rolling 14-day volatility declined to a reading of 40, its lowest since mid-November, according to data provided by U.S. asset manager Blockforce Capital. his compared to a reading of 100 at the start of 2019 and 85 four weeks ago, additional Blockforce Capital figures reveal.

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  3. #233
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    Bitcoin's Three Biggest Problems

    There are three top reasons for Bitcoin’s failure to reach the masses, according to experts and relevant reports. One of them is trust. "The biggest problem, rather ironically is trust,” says Clement Thibault, Senior Analyst at Investing.com. “Most people don't understand the digital currency and only see Bitcoin's erratic price movement. A lack of understanding coupled with wild price swings create a negative environment for adoption.”

    Bitcoin and other Cryptocurrencies-btcusd-h4-fx-choice-limited.png


    "Additionally, holding Bitcoin is much harder and more complicated than holding cash,” adds Thibault. “You'd need to set up a node, hold your private keys and be entirely responsible for anything that goes wrong. Most people just aren't ready for this kind of commitment and the comfort of fiat money suits them well, as imperfect as it may be."

    Then there’s the difficulty of dealing with Bitcoin exchanges, and switching back and forth between Bitcoin and cash. That’s according to a recent LendEDU report in which we analyzed virtual currency-related complaints in the CFPB's Consumer Complaint Database from 2016 to 2018. The report finds a 17,000% spike in virtual currency-related complaints for the 2016-18 period, with the most common complain having to do with the timely receiving of money when it was promised (35%).

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  4. #234
    Senior Member FXstreet's Avatar
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    Bitcoin To Break Five Consecutive Months of Losses

    Bitcoin and other Cryptocurrencies-btcusddaily.png


    The upcoming ten days are very important for the Bitcoin price, they could change the trend which has been in place for the past five months. Fundamentals are changing and it doesn't matter if JPMCoin is better than Ripple's XRP token.

    The bottom line is that fundamentals are shifting positively, and the selling pressure lost its momentum with no substantial backing of volume. This leads me to believe that all that negativity which we have been facing in the industry for the past five months may be coming to an end.

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  5. #235
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    How Litecoin Prices Doubled This Year

    Litecoin prices have climbed sharply this year, producing notable gains as the digital currency benefits from strong fundamentals and favorable market conditions. The cryptocurrency, which is very similar to bitcoin, reached $56.27 today, according to CoinMarketCap.

    Bitcoin and other Cryptocurrencies-ltcusd-d1-b2b-software-technologies.png


    At this point, the digital currency was up more than 84% since the start of 2019, having reached its highest level since October, additional CoinMarketCap data reveal.

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  6. #236
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    Bitcoin net-long traders increased

    Bitcoin and other Cryptocurrencies-btcusd-d1-fx-choice-limited-3.png


    Bitcoin: Retail trader data shows 79.7% of traders are net-long with the ratio of traders long to short at 3.93 to 1. The number of traders net-long is 2.3% higher than yesterday and 6.7% higher from last week, while the number of traders net-short is 5.3% lower than yesterday and 4.2% lower from last week.

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  7. #237
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    Bitcoin Cash Has Nearly Doubled Since Monday

    Bitcoin cash has enjoyed some impressive gains this week, but is it simply a matter of this crypto following the original bitcoin higher?

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  8. #238
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    Blockchain Or Bust

    With ports and railroads around the world often straining to handle trillions of dollars of goods - often with antiquated systems and a plethora of paper work - Blockchain technology including that from IBM - is held up as offering a way to raise efficiencies in the global logistics supply chain.

    New platforms, from the likes of Brisbane-based CommChain, which manages the documentation companies need to ship goods worldwide on blockchain, could reduce the delays caused by missed or late paperwork. Having recently launched a platform the company is seeking to marry and combine the power of blockchain technology with bulk commodity trading.

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  9. #239
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    Bitcoin: Is The Biggest Bull Signal Here?

    Bitcoin broke the $5,000 mark on April 2 grabbing the headlines across the globe. For traders, it was mainly about FOMO (Fear Of Missing Out). It is natural to have this kind of feeling especially if one has paid attention to the past performance of Bitcoin. Year-to-date it is up 34 percent. Since 2014, there have been several bull rallies for Bitcoin and each of this was stronger than the previous one.

    Bitcoin and other Cryptocurrencies-btcusd-d1-fx-choice-limited-2.png


    For the Bitcoin price, the 50-day Smooth Moving Average (SMA) (shown in pink color on the chart below) and the 100-day SMA (shown in green color) on the daily time frame are really important. The argument is that the crossover of the 50-day and 100-day SMAs is of critical importance. This is because it represents a buy and sell signal. History tells us that when the 50-day moving average crosses above the 100-day moving, it produces a solid buy signal. The last crossover occurred back in April 2016. The exit signal comes when the price drops below the 50-day moving average.

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  10. #240
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    Bitcoin Setting Up

    Breakout was about to take place and a run to $6000 should take place. After that upside breakout move on April 8th, we posted this video further confirming $5800-$6000 was still the target. Today/May Bitcoin appears to be setting up a broader top formation that suggests another move lower is about to unfold.

    Bitcoin and other Cryptocurrencies-bitcoin0805.gif

    The chart highlights both support and resistance in Bitcoin. The Resistance goes all the way back to July 2018 where a Three River Morning Star pattern set up a gap with a Doji Star formation. This created the support level that was ultimately broken in November 2018. Support formed near $4000 in early 2019 with similar types of gap formations. This support level was ultimately broken in April 2019 with a move back up to resistance near $6000.

    We believe the setup of the most recent price activity is setting up a classic three mountains top formation. A weak price rotation prompting a downside price move right now could be a short term ultimately top with next support near $5000. We believe a fairly quick downside price move toward the $4400 level (or lower) – near support.

    Once price move to near the $4400 price level, or lower, if the support level is broken, we could see the price of Bitcoin fall all the way towards the $3500 level or lower. Fibonacci price theory suggests the failed high price move, near $7500, would represent a major failed high. This failure suggests a move lower attempting to establish a new price low. For this to happen, the price of Bitcoin would have to fall below $3000 which may sound crazy, but so was $20,000 bitcoin!

    Watch for a reversal to unfold in the coming days, could be another opportunity to profit from another cryptocurrency collapse. Any failure of this breakdown/reversal move would suggest Bitcoin is setting up a new Pennant/Flag formation where the price will trade sideways before prompting a bigger breakout move. We believe a price breakdown is about to unfold and we expect prices to fall below $4400 within 14 to 28 days.

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