Bitcoin Cash, Litecoin and Ripple Daily Analysis – 23/05/18 | Good Stock Invest
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Bitcoin Cash took one other fall on Tuesday, sliding 7.52% off the again of Monday’s 4.9% fall, to finish the day at $1,136.1.
There was nowhere for traders to cover aside from on the aspect traces as extra pulled out, with Bitcoin Cash’s day excessive $1,229.5 coming initially of the day, Monday’s bearish pattern persevering with by Tuesday.
Downward strikes by the day noticed Bitcoin Cash fall by the day’s first main assist stage at $1,192.1 and second main assist stage at $1,154.9 to an intraday low and new swing lo $1,121.2 earlier than a partial restoration on the day’s finish.
The new swing lo reaffirmed the bearish pattern fashioned at 5 th May’s swing hello $1,849.9, with Bitcoin Cash now a long way from the 23.6% FIB Retracement Level at $1,293.
At the time of writing, Bitcoin Cash was down 2.67% to $1,102.7, the now prolonged bearish pattern exhibiting little indicators of reversing, the cryptomarkets getting little or no constructive information to attract aspect lined traders again into the market.
A begin of the day fall to $1,102.Four discovered some assist earlier than a slide to a morning low and new swing lo $1,095, testing the day’s first main assist stage at $1,095.03 within the final hour.
For the day forward, Bitcoin Cash would wish to maneuver again by to $1,100 ranges to $1,160 to assist a run at $1,200 to check the day’s first main resistance stage and draw inventors in on hopes of a rebound. Any upside will seemingly be restricted nevertheless, with the 23.6% FIB Retracement Level of $1,293 out of attain at the moment.
Failure to interrupt again by to $1,100 ranges would assist a extra materials decline by the center a part of the day, with the day’s second main assist stage at $1,053.97 and sub-$1,000 assist ranges in play ought to Bitcoin Cash battle to seek out consumers at present ranges.
The final time Bitcoin Cash was down at sub-$1,100 ranges was on 22 nd April and 21 st April for sub-$1,000 ranges.
Get Into Bitcoin Cash Trading Today Litecoin again within the $120s
Litecoin’s troubles continued on Tuesday, sliding 4.38% to finish the day at $128.38, the primary sub-$130 shut since 17 th April.
It’s been a foul begin to the week, with Monday’s 3.64% fall having reversed Sunday’s positive aspects, as traders continued to march out of the cryptomarket forward of what’s anticipated to be a busy summer time, as regulators roll out international insurance policies and exchanges fall beneath the scrutiny of the likes of the SEC.
Bucking the pattern by the early a part of the day, Litecoin managed to strike an intraday excessive $135.75 mid-morning, earlier than falling foul of the broader market sell-off, the day’s excessive falling nicely wanting the primary main resistance stage at $138.34 and the 23.6% FIB Retracement Level of $142.
The second half of the day sell-off noticed Litecoin slide by the day’s first main assist stage at $131.89 and second main assist stage at $129.49 to an intraday low and new swing lo $127.6, earlier than partially recovering to $128 ranges by the day’s finish.
Litecoin’s new swing lo and losses by the beginning of the week reaffirmed the bearish pattern fashioned at 5 th May’s swing hello $182.35 and aside from speculative strikes, there’s unlikely to be a lot that may shift the bearish sentiment forward of the summer time.
At the time of writing, Litecoin was down 0.9% to $126.96, with Tuesday’s sell-off spilling over to this morning, Litecoin hitting a morning low and new swing lo $126.13 earlier than a partial restoration.
This morning’s sell-off is broad based mostly, although Litecoin has fared higher than a few of its friends early on.
For the day forward, a transfer again by the day’s $129.35 excessive into the $130s would ease a number of the bearish sentiment that has pinned Litecoin again, although sentiment would wish to see an enormous enchancment for Litecoin to interrupt by the day’s first main resistance stage at $133.55 and look to recuperate to $140 ranges later within the week.
Failing to maneuver by to the $130s might see one other sell-off later within the day, with the day’s first main assist stage at $125.Four in play, with the bearish pattern pointing to sub-$120 ranges earlier than any attainable restoration.
Buy & Sell Cryptocurrency Instantly Ripple follows the pack
Ripple’s XRP slid by 5.45% on Tuesday, following Monday’s 3.39% fall, to finish the day at $0.63803, the bottom shut since 12 th April’s $0.5413.
A fall initially of the day set the tone for Ripple’s XRP, although there was some resilience by the morning, earlier than a day sell-off noticed Ripple’s XRP slide by the day’s first main assist stage at $0.6570 and the day’s second main assist stage at $0.6391 to an intraday low and new swing lo $0.63424.
The new swing lo reaffirmed the bearish pattern fashioned at late April’s swing hello $0.96837, with the prospects of shifting again to $1.00 ranges slim at finest over the near-term.
With no materially damaging information hitting the wires, sentiment in the direction of the deliberate rolled out of latest regs has in the end executed the harm, a lot of the market reversal coming off the again of stories from South Korean and Japanese regulators earlier within the month.
At the time of writing, Ripple’s XRP was down 1.42% to $0.62915, the morning’s sell-off a comply with on from Tuesday’s broad based mostly pullback.
Ripple’s XRP slid to a morning low and new swing lo $0.62236 earlier than a partial restoration, the excellent news early on being the maintain on the day’s first main assist stage at $0.6222, although issues might change later within the morning ought to sentiment fail to enhance.
For the day forward, a transfer again by the morning’s $0.64873 excessive to $0.65 ranges would assist a run on the day’s first main resistance stage at $0.6660, whereas any run at $0.70 ranges and the 23.6% FIB Retracement Level of $0.7131 will probably be unlikely by the day.
Failure to maneuver again by to $0.64 ranges might see a day slide to carry the day’s second main assist stage at $0.6063 into play, with Ripple’s XRP having managed to keep away from sub-$0.60 ranges since 13 th April.
Buy & Sell Cryptocurrency Instantly
CampusCoin (CRYPTO:CMPCO) Trading Down 16.3% This Week
Posted by Tatum Peregrin on May 23rd, 2018 // No Comments
CampusCoin (CURRENCY:CMPCO) traded down 10.3% against the US dollar during the twenty-four hour period ending at 4:00 AM E.T. on May 8th. During the last week, CampusCoin has traded down 16.3% against the US dollar. One CampusCoin coin can now be bought for about $0.0058 or 0. 74 BTC on cryptocurrency exchanges including CoinExchange, Cryptopia and Stocks.Exchange. CampusCoin has a total market capitalization of $2.39 million and $17,777.00 worth of CampusCoin was traded on exchanges in the last day.
Here’s how related cryptocurrencies have performed during the last day: Get CampusCoin alerts: DNotes (NOTE) traded flat against the dollar and now trades at $2.48 or 0.00026178 BTC. GoldCoin (GLD) traded down 14.1% against the dollar and now trades at $0.19 or 0.00002437 BTC. Anoncoin (ANC) traded 9.4% higher against the dollar and now trades at $3.15 or 0.00039940 BTC. BunnyCoin (BUN) traded 47.1% higher against the dollar and now trades at $0.0001 or 0. 1 BTC. Bitmark (BTM) traded down 2% against the dollar and now trades at $0.60 or 0.00007584 BTC. Rupee (RUP) traded down 0.3% against the dollar and now trades at $0.11 or 0.00001420 BTC. Footy Cash (XFT) traded 14.3% higher against the dollar and now trades at $0.40 or 0.00004315 BTC. Creativecoin (CREA) traded 9.6% lower against the dollar and now trades at $0.11 or 0.00001402 BTC. Canada eCoin (CDN) traded 8.6% lower against the dollar and now trades at $0.0140 or 0. 177 BTC. The Cypherfunks (FUNK) traded down 14.7% against the dollar and now trades at $0.0000 or 0. BTC.
CampusCoin is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on July 6th, 2017. CampusCoin’s total supply is 609,555,048 coins and its circulating supply is 409,555,048 coins. CampusCoin’s official Twitter account is @CampusCoinORG and its Facebook page is accessible here . The official website for CampusCoin is www.campuscoinproject.org . The Reddit community for CampusCoin is /r/Campuscoin and the currency’s Github account can be viewed here . The official message board for CampusCoin is bitcoingarden.org/forum/index.php?topic=16647.0 .
Buying and Selling CampusCoin
CampusCoin can be purchased on the following cryptocurrency exchanges: Cryptopia, CoinExchange and Stocks.Exchange. It is usually not presently possible to buy alternative cryptocurrencies such as CampusCoin directly using U.S. dollars. Investors seeking to acquire CampusCoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy CampusCoin using one of the aforementioned exchanges. Receive News & Ratings for CampusCoin Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CampusCoin and related companies with MarketBeat.com’s FREE daily email newsletter . «
Bitcoin Cash Price Continues to Plummet as $1,000 is in Sight | Digital Money Times
You are here: Home / Crypto News / Bitcoin Cash Price Continues to Plummet as $1,000 is in Sight Bitcoin Cash Price Continues to Plummet as $1,000 is in Sight May 23, 2018 By Mark Lyford Leave a Comment
It is evident things are quickly going from bad to worse for all of the major cryptocurrencies these days. All major markets are still down, a trend which began forming yesterday morning. Things have not improved in the past 24 hours by any means. The Bitcoin Cash price illustrates that problem perfectly, as it is slowly dropping to $ 1,000. Bitcoin Cash Price Woes Worsen
There is very little to be excited about when it comes to cryptocurrency prices as of right now. With all markets down in the dirt, it is evident there is a fair amount of panic setting in. Traders and speculators are more than willing to part with their cryptocurrency holdings right now, which will only push the prices down even further. This is quite visible when looking at the Bitcoin Cash price as of right now.
To be more specific, the Bitcoin Cash price has dropped from nearly $ 1,300 to $ 1,056 in the past few days. It is evident this is not the development most people are looking for these days, but there is very little to be done about it at this point in time. With the Bitcoin Cash price dropping 11.5% over the past 24 hours, the bigger question is whether or not the value can remain above $ 1,000 for much longer.
Additionally, the Bitcoin Cash price is also losing ground thanks to further declines in the BCH/BTC ratio. With another 6.61% decline in the past 24 hours, it is evident speculators are mainly interested in getting rid of BCH in favor of Bitcoin right now. This also applies to other cryptocurrencies as of right now, and it remains to be seen when the momentum turns in favor of the cryptocurrency industry.
With $ 696.16m in 24-hour trading volume , things are not looking all that bad for Bitcoin Cash. Although this volume isn’t the most impressive by any means, it is still pretty significant when looking at some of the other altcoins on the market. It also appears the total cryptocurrency trading volume is rising again, albeit this is mainly due to more people selling their holdings right now.
Looking over the exchanges ranked by trading volume, Bitcoin Cash is extremely popular on OKex, Bitfinex, and HitBTC. LBank is also in the top five, and OKEx’s BTC pair closes out the top five. It is interesting to see so many markets generate over $ 30m in trading volume these past 24 hours. Unfortunately, there are only two fiat currency pairs in the entire top 10, which means less fresh capital is entering the BCH ecosystem as of right now.
For the time being, it remains to be seen how things will unfold for the Bitcoin Cash price. It is evident the current momentum is not looking all that hot, but there is no reason to wallow in despair either. Cryptocurrencies are volatile by nature, and there are a lot of reasons as to why the Bitcoin Cash price is suffering from major setbacks right now. Whether or not it will remain above $ 1,000, is the big question for today, as that seems very difficult right now.
Quote: from: cd74reg on March 31, 2018, 05:11:51 AM The scammers and crooks finally won! Congratulations because even your fiat will be near worthless at some point too! The economic freedom of the people is once again destroyed by the animalia raised by bad handlers.
To the “Lending” companies (hey man, do you think I can get my money back soon), I salute you.
To Bitmain and “the plan”, I salute you.
To Wall Street who always knows my future, I salute you.
To the newbie crypto-millionaires, who only like the part about making easy money, I salute you.
To the lower middle-class who borrowed all the equity in their homes to buy crypto and told everyone about it, I salute you.
To the SEC who will wait until every crypto is worthless to go after anyone, I salute you.
To the old school crypto nerds, who cashed out in 2017 when they saw what was coming, great job!
I still remember the days when getting anything over a 1% yield on a bank account was something to brag about.
One day I will tell my grand kids about the time in 2017 when everyone except politicians were happy and it was a joy to work at any job because you had real money that actually could make you more real money. Time to find the next bubble…
despite a lot of bad news about bitcoin, but bitcoin really can’t be stopped. when bitcoin really loses its value and doesn’t sell in the market, maybe it’s the end of bitcoin. but for now, it is impossible.
Litecoin Plus (LCP) Price Down 16.6% Over Last Week
Litecoin Plus (CURRENCY:LCP) traded down 7.2% against the dollar during the 24-hour period ending at 8:00 AM ET on May 23rd. One Litecoin Plus coin can now be purchased for $0.30 or 0.00003800 BTC on major exchanges. Litecoin Plus has a market cap of $428,988.00 and $2,717.00 worth of Litecoin Plus was traded on exchanges in the last 24 hours. In the last seven days, Litecoin Plus has traded 16.6% lower against the dollar.
Here is how other cryptocurrencies have performed in the last 24 hours: Get Litecoin Plus alerts: Novacoin (NVC) traded 3.7% lower against the dollar and now trades at $3.67 or 0.00046530 BTC. Sequence (SEQ) traded down 5.6% against the dollar and now trades at $0.14 or 0.00001802 BTC. vTorrent (VTR) traded 0.9% lower against the dollar and now trades at $0.39 or 0.00004908 BTC. Rupaya (RUPX) traded down 4.1% against the dollar and now trades at $0.10 or 0.00001318 BTC. LiteDoge (LDOGE) traded 3.8% higher against the dollar and now trades at $0.0001 or 0. 1 BTC. 42-coin (42) traded 3.8% higher against the dollar and now trades at $30,173.30 or 3.82547000 BTC. AquariusCoin (ARCO) traded 6.3% lower against the dollar and now trades at $0.38 or 0.00004878 BTC. Cashcoin (CASH) traded down 9.5% against the dollar and now trades at $0.0140 or 0. 178 BTC. BitBar (BTB) traded down 6.1% against the dollar and now trades at $13.96 or 0.00176956 BTC. BriaCoin (BRIA) traded up 32.1% against the dollar and now trades at $0.66 or 0.00008368 BTC.
Litecoin Plus Coin Profile Litecoin Plus is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its genesis date was May 11th, 2014. Litecoin Plus’ total supply is 1,431,275 coins. Litecoin Plus’ official website is litecoinplus.co . Litecoin Plus’ official Twitter account is @Media_LCP .
Buying and Selling Litecoin Plus
Litecoin Plus can be bought or sold on the following cryptocurrency exchanges: Cryptopia. It is usually not presently possible to buy alternative cryptocurrencies such as Litecoin Plus directly using U.S. dollars. Investors seeking to trade Litecoin Plus should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase . Investors can then use their newly-acquired Ethereum or Bitcoin to buy Litecoin Plus using one of the aforementioned exchanges. Receive News & Updates for Litecoin Plus updates for Litecoin Plus and related cryptocurrencies CryptoBeat newsletter . «
CoinMetro lands its own Trading License in Estonia
CoinMetro lands its own Trading License in Estonia May 23, 2018 at 12:47 // News Author Bitcoin PR Buzz
One-stop cryptocurrency exchange platform, CoinMetro, has announced its operational capabilities in Estonia, following the acquisition of a trading license in the northern European country.
The exchange platform is now set, as a game changer in the emerging cryptocurrency industry, whose unprecedented goals is a unique solution that will deliver global crypto services on a hassle-free platform. The license has opened new doors for CoinMetro , enabling the platform to deliver optimized services to a wider network of users.
Users will be able to enjoy safe and secure trading exchange of cryptocurrencies and fiat. The opportunities afforded to users will also allow them utilize their credit card in purchasing cryptocurrencies or cashing out cryptocurrencies for fiat, making CoinMetro a one-stop ecosystem for all the crypto community trading needs. Estonia, the Cryptocurrency Paradise
Estonia has made tremendous strides in the world of cryptocurrency, by bootstrapping itself right into the heart of revolutionary projects leveraging blockchain technology and helping to nurture these projects through encouraging regulatory policies. The small country’s bold move is in stark contrast to how most countries handle the new market. Already, this friendly approach has attracted several blockchain startups to this amiable atmosphere, enabling them to develop and offer cutting-edge solutions for the exchange, transfer, and settlement of values. CoinMetro is one such benefactor of the country’s forward-thinking policies and has now fully integrated its services there.
CoinMetro exchange platform will deliver transparency and secure crypto services to the public in compliance with regulations. By acquiring the license required to govern its operations, CoinMetro is not only future-proofing its development, but also creating the perfect environment to foster the growth and secure the future of this emerging industry. The CoinMetro platform
Utilising blockchain technology for truly decentralized service delivery, CoinMetro will be a marketplace accessible to anybody from anywhere in the world, wanting to trade in cryptocurrencies.
CoinMetro services will be inclusive of all kinds of cryptocurrency services tailored to appeal to a wide range of users scattered across the globe. These services offers a variety of benefits to users such as the Tokenized Asset Management (TAM) and ETFs. The platform will also provide crypto debit cards and e-wallets. E-wallets are fully encrypted with private keys that can either be secured for users or by the users. Users will be able to store, trade or transfer whenever and however they wish instantaneously. They can also spend their digital assets as easily as using the traditional debit card.
CoinMetro is primed to assist other startups in launching their token offering through its comprehensive solutions assisting them with KYC verification, token sale process, exchange listing and distribution. The unique benefits of CoinMetro will enable decentralized platforms developers to focus on channeling their innovative ideas into a blockchained reality. CoinMetro’s Estonia trading license is paving the way for the forthcoming platform full-blown functionality set to revolutionize crypto exchange and usher in financial institutions, at both individual and professional levels, into the industry. To learn more visit the Website: https://coinmetro.com/ Read the Whitepaper: https://coinmetro.com/whitepaper/
Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.
Google Alert – bitcoin
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HODLing – The Art of the Moon Mission
You knew it from the start – this trade was going to be a winner. You’ve read every Tweet, every Telegram post, every inch of the website. You’ve scoured Linkedin and know everything about the dev team, and it’s finally paying off. Weeks of sideways movement and low volume days on barely functional exchanges has given way to a massive bull run. Maybe it was an announcement, a press release, perhaps it’s for no reason at all, but the rocket has left earth, and you’re on board.
Your coin has broken free of the gravity of its previous limits, and surges upward into the unknown. Your heart hammers in your chest as the first stage boosters separate and fall back to Earth. We’re slowing down, is this the top? Blocks of buy and sell orders paint the order book in rapid fire succession as traders feverishly attempt to profit before the flight apex.
All at once, the trade volume flattens. The vessel drifts dreamily through the void as traders wait with bated breath in the deafening silence. A massive wall of red fills the order book. You smirk at the weak handed traders fleeing at the first sign of trouble. Your steel grip has been hardened by fire. A resolve tested time and time again has prepared you for this, and not a single coin will leave your hand. Sometimes, your hand is just that good.
The vessel shudders as the second stage boosters roar to life. The barrier of new highs is shattered once again; there are no resistances overhead, save for psychological. The trading is even fiercer this time, the upward trajectory more choppy and inconsistent than before. Just as you feared, the second stage boosters aren’t as reliable as the first – but they’ll get you there. The coughing and sputtering of the thrusters becomes more frequent and prolonged, and for a moment you fear they’ll tear the entire vessel apart.
But she holds together, and the engines fade from a roaring flame to a faint glowing ember. You drift calmly onward, knuckles aching, but you feel pride swelling in your chest knowing that you survived the flight, and will not be selling any time soon. That was a hell of a ride. Congratulations captain, you’ve made it.
As every trader who has held through a new all-time high, only to be left bleeding for weeks or months thereafter knows that long term investing requires nerves of steel, or the ability to confidently ignore intraday price movements. Holding, or “hodling” is a concept that goes hand in hand with trading cryptocurrencies in some circles. In contrast to pump and dump strategies, holding relies on increased perceived value, and therefore trader and additional interest of a coin over time.
Accomplishments, strength and performance of the developer team, amount of funds raised, and control over a particular market niche are typically the reasoning for holding onto a coin long term. Removing emotion and simply refusing to sell flies in the face of the nearly constant stream of “hot new opportunities” and negative sentiment or press that might otherwise dissuade one from holding a coin for any amount of time.
In stock trading, an attachment to a particular market or company is a normal occurrence. Much like an avid iPhone user would never buy an android phone, an Apple stockholder may be of the mindset that they’ll sooner die than give up even one share of the tech juggernaut. This is a somewhat understandable approach, provided they know why the stock price may go up, be it an increase in sales, a revolutionary new product, a positive earnings report, or increased investor confidence in the leadership. So how is this analogous to cryptocurrency? Where do they differ?
For starters, information about a crypto asset is largely at the discretion of the team developing the technology behind it. Unlike SEC regulated companies, which have to put out various reports quarterly and yearly regarding share structure and company finances, the teams behind cryptocurrencies are often under no obligation to provide any information whatsoever to its holders, save for the outrage of the community if they don’t deliver, and potential government intervention if fraud is suspected. When a coin is pumping but you didn’t buy in.
Indeed, it’s all too common for a dev team to go completely silent after an ICO, becoming a veritable black box of information regarding a project or even what is being done with the money they’ve raised. The other side of this metaphorical coin, however, is that dev teams are at liberty to release quite a bit of information that they may not otherwise be able to disclose if they had raised funds through traditional methods.
This fountain of information can cause a trader to disregard price thresholds that would otherwise trigger an exit, as it may renew the excitement or hope of even higher highs in the future. For example, if a coin is experiencing substantial losses, but the developer tweets that a network test was successful or a beta will be released soon, an investor may be inclined to hold on to the coin a bit longer to reap the benefits when this success translates to a price boom.
This abundance of information and personal interaction with coin holders via social media platforms tends to yield a more personal relationship between holder and development team. This can create a sentiment more closely resembling that of an avid fan than that of a company shareholder. One of the more obvious examples is Vitalik Buterin, creator of Ethereum, who has become an icon of the cryptocurrency space. The creator of the second largest cryptocurrency by market cap is an active social media user who often comments on the state of the market, as well as the technology behind it, and is a generally outspoken and active part of the crypto community. Lord Vitalik blesses us with a strong upper body to hold our ETH bags.
Many people hold Ethereum simply because they believe in Buterin’s ability to drive improvement and widespread implementation of the technology. This can become a double edged sword in the case of some cryptocurrencies, however. On one hand, it is vital to know who is developing the technology, what their ability and experience levels are, and how they’ve performed on past projects. On the other, it is inadvisable to maintain a death grip on a coin solely because you are a fan of someone associated with the project. Coins have jumped in value in the past simply because a familiar face posed for a photo with the developers behind the coin. Basing one’s long term investments on the people responsible for developing the tech is of course a necessity, but waiting for someone’s star power to catapult you to wealth is ill advised.
Another aspect of long term investing is looking for important milestones. Does the team have a roadmap? How specific or vague are the goals? Can achievement of these goals be quantified? Have any of them already been completed? Clear definition of milestones and adherence to the timeline is critical for a team to build confidence in their technology. When reading a whitepaper for example, look for the roadmap. If the roadmap shows accomplishments that they’ve already had to date that are significant to the success of their tech, it is a good indicator that the team can deliver on promises and are devoted to the project. If they have not clearly laid out their plan to develop their tech, or if the details and dates are vague, it can be an indication that they may not really know how or when they will be successful.
Traders often use these milestones as a basis for entry or exit. If a major deadline is approaching, one may be more inclined to hold on to their coins until at least that date to see if the launch will be well received and if that has an impact on the price. This can be risky, as failure to deliver by the specified date can result in heavy losses. In stocks, an occurrence that could send the price either up or down depending on the outcome is known as a binary event. Examples of this include an earnings report or product launch. Consider the capability of the team and the significance of specific dates and plan your exit (or lack thereof) accordingly.
Much like initially purchasing a coin, social media personalities have an effect on whether or not traders hold on to a coin. If you closely follow someone’s daily videos or posts, you’re likely swayed to some degree by their outlook. A prime example of this is Chaincoin. Chaincoin experienced astronomical growth in July of 2017, before and during which Youtube and Twitter personalities heavily endorsed the coin, touting its long term value due to masternodes (a topic saved for another day). Traders flocked to this coin and many enjoyed the enormous price increase. At the peak of its rise, many novice traders looked to crypto celebrities for guidance on whether to take profits, or hold on for a further meteoric rise like that of Ethereum.
Some of these personalities encouraged investors to “hodl”, as the good times were just getting started, and many did. Just shortly after Chaincoin’s trip to the stars began, it came crashing back to Earth, obliterating those who held or bought near the top in the process. These investors were of course responsible for their own actions, but they were swayed by people whom they trusted for guidance. Whether or not this was a malicious effort by those involved is up for debate, but their impact on holders of Chaincoin is undeniable. Set sail for fail.
This is not to say that members of the crypto social media community are spiteful or selfish, quite the contrary. These people rely on their credibility to maintain their followings, and any damage to their reputation could prove catastrophic. That being said, it is extremely important to be knowledgeable about the project you are investing in, and have a clear idea of what constitutes a reasonable target for taking profit or cutting losses. Prominent cryptocurrency analysts and personalities should be used as a means for identifying potentially profitable investments, but should not be looked to for deciding whether or not an entry or exit is appropriate.
This brings us to the next element of long term investment, the overall market sentiment. New investors likely have not experienced a long term uptrend or downtrend of an entire market. There is a strong correlation between Bitcoin performance and altcoin price direction. When Bitcoin enters a prolonged downtrend, altcoins typically take heavy losses, sometimes even more so. If a coin is consistently dropping in value, yet the overall market cap is increasing or remaining relatively stable, it could be indicative of damaging news being released about the coin, lack of investor interest (which will correlate with decreased volume), fear or uncertainty about the underlying basis for the coin (such as ERC20 coins dropping in value along with ETH), or merely market manipulation.
It can be difficult to determine for sure whether the market is entering or exiting a cycle, but it is important to maintain a dispassionate attitude toward your decision making when a coin enters a prolonged period of growth or decay. This is where one must stick to the plan . If you truly believe in the long term value of a coin based on factual evidence regarding the underlying technology, you may deem it acceptable to endure a prolonged decline in price, provided it is related to the overall market direction and not a result of fundamental problems with the coin itself. Many coins will return to their previous highs and even beyond after a bear market ends, but it’s up to the investor to determine whether they want to cash out and hedge their losses, or hold on and wait for the market direction to change.
Explosive growth of coins is an exhilarating and rewarding part of investing in cryptocurrencies, and it’s tough to beat the rush of buying a coin right before the moon mission. But as with any rocket launch, you accept the risk of burning up in the atmosphere in the process. Determining the exact moment that you’ve reached the peak of your ascent is extremely difficult, so there is value in running for the escape pods when you feel you’ve reached your limits. A whole galaxy to explore.
A long term investment is like a long term relationship; the amount of time you’ve been invested should have no bearing on whether or not you should cut ties, but rather the future performance and how it might impact you. There’s always another ride to catch, and another moon to visit.
Bitcoin Cash Tumbles As It Faces Multiple Headwinds
Bitcoin Cash Tumbles As It Faces Multiple Headwinds
&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-959188880&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/959188880/960×0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Bitcoin Cash has lost value in the last few days. (Photo by Chesnot/Getty Images)
Bitcoin Cash has suffered a notable decline over the last few days, losing more than 10% of its value as the digital currency struggles with numerous challenges.
The hard fork of the original Bitcoin has been&a;nbsp;falling in&a;nbsp;value during a time where the broader digital currency market is experiencing less severe price fluctuations.
Bitcoin Cash fell to as little as&a;nbsp;$1,167.68 at 08:54 UTC (roughly 5 a.m. EST)&a;nbsp;today, representing a 10.6% decrease from the price of&a;nbsp;$1,306.95 that it reached on Sunday, according to &l;a href=&q;https://coinmarketcap.com/&q; target=&q;_blank&q;&g;CoinMarketCap&l;/a&g;.
&l;strong&g;Broader Market&s;s Modest Volatility&l;/strong&g;
In contrast, the broader digital currency market lost only 5.7% of its value over roughly the same time frame, dropping from&a;nbsp;$392.2 billion to&a;nbsp;$369.8 billion, additional CoinMarketCap figures show.
At the time of this writing, many cryptocurrencies were in the red, but they&a;nbsp;were down only slightly.
&q;I&l;span style=&q;font-weight: 400&q;&g;t&s;s all standard noise,&q; said&a;nbsp;&l;span&g;Charles Hayter, co-founder and CEO of digital currency data platform&a;nbsp;&l;/span&g;&l;a href=&q;https://www.cryptocompare.com/&q; target=&q;_blank&q; rel=&q;nofollow noopener noreferrer&q; target=&q;_blank&q;&g;CryptoCompare&l;/a&g;, emphasizing&a;nbsp;this asset class&s;s characteristic volatility.&a;nbsp;&l;/span&g;
&l;span&g;Jeff Koyen, CEO of&a;nbsp;&l;/span&g;&l;a href=&q;http://www.360blockchaininc.com/&q; target=&q;_blank&q; rel=&q;nofollow noopener noreferrer&q; target=&q;_blank&q;&g;360 Blockchain USA&l;/a&g;, offered a similar perspective.
&l;span style=&q;font-weight: 400&q;&g;&q;The crypto-wide headwinds feel typical to me,&q; he stated.&a;nbsp;&l;/span&g;
&l;span style=&q;font-weight: 400&q;&g;&q;There&s;s some news here, some news there &a;mdash; but nothing earth-shattering that I&s;ve noticed.&q;&l;/span&g;
&l;strong&g;&s;One Of The Most Controversial Coins&s;
&l;/strong&g;Bitcoin Cash is apparently having a different experience, and Koyen spoke to this, shedding some light on the digital currency&s;s&a;nbsp;price fluctuations:
&l;span style=&q;font-weight: 400&q;&g;&q;Second perhaps to Ripple, Bitcoin Cash is one of the most controversial coins out there. For its fans and supporters, it&s;s not enough to see it trade at a higher price.&q;&l;/span&g;
&l;span style=&q;font-weight: 400&q;&g;&q;They insist on calling BCH the &s;real bitcoin&s;&a;mdash; not just a hard fork. This sows confusion among crypto newcomers and really pisses off a lot of the veterans. As a result, &l;/span&g;&l;span style=&q;font-weight: 400&q;&g;it&s;s more volatile than most.&q;&a;nbsp;&l;/span&g;
&l;strong&g;Recent Mining Proposal&l;/strong&g;
&l;span&g;Marshall Swatt, founder &a;amp; president of&a;nbsp;&l;/span&g;&l;a href=&q;http://www.swatt.com/&q; target=&q;_blank&q; rel=&q;nofollow noopener noreferrer&q; target=&q;_blank&q;&g;Swatt Exchange&l;/a&g;, spoke to a different matter, noting a recent meeting where Bitcoin Cash miners went over a &l;a href=&q;https://news.bitcoin.com/bch-miners-discuss-funding-development-with-a-fraction-of-block-rewards/&q; target=&q;_blank&q;&g;proposal&l;/a&g; that would provide developers with a fraction of block rewards to fund varying initiatives.
&q;&l;span style=&q;font-weight: 400&q;&g;Bitcoin cash&s;s miners met recently to discuss whether to reallocate some portion of mining rewards to developers,&q; he stated.&a;nbsp;&l;/span&g;
&l;span style=&q;font-weight: 400&q;&g;&q;That could be a sign that BCH is struggling to gain much traction or grow its engineering and compete among all the other offerings.&q;&l;/span&g;
&l;strong&g;Bitcoin Cash&s;s Success&l;/strong&g;
In spite of its challenges, Bitcoin Cash has succeeded where many other digital currencies have failed.
Developers have created several forks of the original Bitcoin, and many of them have either struggled to gain some traction or faded from relevance.
More than nine months after coming in to existence in August 2017, Bitcoin Cash is still a Top 10 digital currency by market value, currently holding the number four spot on CoinMarketCap.
&l;em&g;Disclosure: I own some Bitcoin, Bitcoin Cash and Ether.&l;/em&g;&l;/p&g; This entry was posted in Best Stocks on
vTorrent Achieves Market Capitalization of $4.29 Million (VTR)
Posted by Mitch Edgeman on May 24th, 2018 // No Comments
vTorrent (CURRENCY:VTR) traded 1.2% lower against the US dollar during the 1-day period ending at 23:00 PM E.T. on May 23rd. vTorrent has a total market cap of $4.29 million and approximately $17,775.00 worth of vTorrent was traded on exchanges in the last day. During the last seven days, vTorrent has traded 3.7% lower against the US dollar. One vTorrent coin can now be bought for about $0.37 or 0.00004857 BTC on major cryptocurrency exchanges.
Here is how other cryptocurrencies have performed during the last day: Get vTorrent alerts: Novacoin (NVC) traded 5.7% lower against the dollar and now trades at $3.49 or 0.00046057 BTC. Sequence (SEQ) traded 11.3% lower against the dollar and now trades at $0.13 or 0.00001672 BTC. Rupaya (RUPX) traded 8.7% lower against the dollar and now trades at $0.0916 or 0.00001208 BTC. LiteDoge (LDOGE) traded 20.8% higher against the dollar and now trades at $0.0001 or 0. 2 BTC. 42-coin (42) traded 5.5% lower against the dollar and now trades at $25,957.70 or 3.42187000 BTC. AquariusCoin (ARCO) traded 4.7% lower against the dollar and now trades at $0.33 or 0.00004374 BTC. BitBar (BTB) traded 15.6% lower against the dollar and now trades at $12.79 or 0.00168562 BTC. Litecoin Plus (LCP) traded 10.7% lower against the dollar and now trades at $0.28 or 0.00003628 BTC. BriaCoin (BRIA) traded 10.5% lower against the dollar and now trades at $0.51 or 0.00006723 BTC. Cashcoin (CASH) traded 49.6% lower against the dollar and now trades at $0.0071 or 0. 93 BTC.
About vTorrent VTR is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its genesis date was December 14th, 2014. vTorrent’s total supply is 11,597,881 coins. The Reddit community for vTorrent is /r/vTorrentCrypto and the currency’s Github account can be viewed here . vTorrent’s official Twitter account is @vTorrentCrypto . vTorrent’s official website is vtorrent.info .
Buying and Selling vTorrent
vTorrent can be bought or sold on the following cryptocurrency exchanges: Bittrex. It is usually not presently possible to purchase alternative cryptocurrencies such as vTorrent directly using US dollars. Investors seeking to acquire vTorrent should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase vTorrent using one of the aforementioned exchanges. Receive News & Updates for vTorrent updates for vTorrent and related cryptocurrencies CryptoBeat newsletter . «