I wouldn't advice you to invest the whole $20K in trading It would sound better you invest 50% in trading while the remaining 50% in other investment, It is better to learn both crypto and forex trading with a view to choosing your preference at the end then invest wisely with a good money management you will perfectly earn a 5% profit monthly.

Sooner or later I belief there will be a breakthrough in the in the manufacture of less power consuming mining equipment or better still use of solar generating plant, now that Samsung has indicated in interest in mining equipment they will find a lasting solutions to issues of power consuming ASICs and other related equipment are these measures will reduce the projected value acclaimed in the article.

Exactly this the area where banks will be mostly influential in most cases transaction of bitcoin either by selling or buying is carried through the banks which serves as a third party institution or as a middlemen where fiat  is transferred between a buyer and a seller.

If banks can work modalities to that effect then it will be a good development with a terms and conditions for their customers, depositing bitcoin in banks would be endeared by  Cryptos hodlers however one of the major obstacle is how to address the issue of KYC which is a mandatory obligation in opening a bank account of which people preference for anonymous transactions.

From technical analysis point of view bitcoin does defies these analysis and its  price action is based on fundamentals I disagreed on the price pulling back to the support at $7400 that would be too dip, some analyst believed that in the recent times bitcoin rallies upwards on weekends, let wait and see how its going to play out.

Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights”

Russia’s Prime Minister Dmitry Medvedev has shed some light on the progress authorities are making towards adopting the long-awaited crypto regulations. Legislators will replace common words like “cryptocurrencies” and “tokens” with legal terms such as “digital money” and “digital rights”, he revealed. Two draft laws have been filed in the Duma. One of the bills is scheduled for first reading next week.

Replacing “Slang” with “Strict Legal Concepts”

The work on the Russian crypto regulations has been going on for some time, with unresolved questions and disagreements between institutions postponing their adoption. Two pieces of legislation have been filed in the State Duma, the lower house of Russia’s parliament – a bill defining crypto activities like initial coin offerings and mining, and a draft law amending the Russian civil code to regulate crypto transactions. According to Parlamentskaya Gazeta, the law legalizing token sales has been approved by the Financial Market Committee and will hit the House floor on May 22.

Words like “cryptocurrency” and its derivatives have gained popularity beyond crypto communities, yet authorities around the world tend to avoid them. Russian officials are no exception. According to comments made by Prime Minister Dmitry Medvedev, the new Russian legislation on “digital financial assets” will not use the colloquial terms either, RIA Novosti and RBC reported. In a speech during the plenary session of the St. Petersburg International Legal Forum he said:

Read more: https://news.bitcoin.com/cryptocurrencies-to-be-called-digital-money-in-russia-tokens-digital-rights/

There are so many factors militating against the growth and adoption of bitcoin in some African countries examples are poor infrastructural facilities like epileptic electricity supply, literacy level is very low, inaccessible and slow internet facilities and some schools of thought believed that bitcoin is a ponzi scheme thus sending fears to potential investors.

Personally from my experience in forex trading I will rather recommends a long term in Cryptos due their high volatility thus Daily timeframe will be my minimum trading plan, of course a trade may last several days to hit profits invariably fears and emotions will be minimal compared to a short term trading, more so daily analysis of a trading set up using a daily timeframe requires just a few minutes of analysis before taking a decision.

The fact still remains that bitcoin has come to stay, firing a negative shot at bitcoin by Warren buffet and Bill Gate wouldn't have any impact on the price any longer bitcoin has surmounted many challenges and crossed many hurdles thus coming out  stronger despite all the bans, regulations and clamped down on exchanges I believed the underlying technology behind its technology makes it second to none.

I appreciates your self explanatory answer to my question I have gotten more insights on how the issue of instability of the price of bitcoin can be used to pay taxes thus Florida is in the track while other states should emulate them in adoption of bitcoin in the payment of taxes.

One of the basic rule in trading is ' trade with the amount of money you can afford to lose' more so I believed you were carried away by the speculations surrounding the price of bitcoin that it will reach $50K then. Thus motivated you in buying at that price and trading it off in bittrex with a margin, well I believed you had learn a lesson however you shouldn't give up hence start to learn trading while you continue with bounty campaigns.

This is subject  to your research and analysis about the emerging coin recall last year the astronomical increase in the price of XRP those who invested in xrp when it was less than $1 made a lot of profits when the price hits $3 however investing in the potential coin is a very difficult task to achieved considering the fact that there are numerous coins in the market.

Florida acceptance of bitcoin as a means of tax payment is a welcome development but my consign is how would  the issue of  unstable price of bitcoin addressed? It is very obvious that the price of bitcoin  has been too volatile in recent times considering the fact that taxes has fixed values.

Investigation of South Korea’s Largest Crypto Exchange Upbit Continues

Since the South Korean prosecution started investigating Upbit, the country’s largest cryptocurrency exchange, more events have unfolded. While local media still discuss allegations and raise questions about Upbit’s business practice, some people believe that Upbit is already in the clear. The investigation continues.

The Allegations

Investigation of South Korea’s Largest Crypto Exchange Upbit ContinuesLocal media reported on Friday that South Korea’s largest cryptocurrency exchange, Upbit, is under investigation for alleged fraud. More information has surfaced since, casting doubt on whether the allegations can be considered fraud. No charges have been filed against Upbit at the time of this writing. However, the prosecutors have confiscated the exchange’s computers and records as part of the investigation.

Read more: https://news.bitcoin.com/investigation-south-koreas-largest-crypto-exchange-upbit/

Trading cryptocurrencies is a different ball game compared to forex trading this is due to the fact that Cryptos are very volatile which requires patience for you to an edge over the market, also a wide stop loss is required to avoid drawdowns in Cryptos trading thus a working trading strategy means enduring and patiently waiting for days to take profits.

Personally I would prefer blockchain technology and smart contract to be taught in the university, once this is achieved it will covers all forms of cryptocurrencies and every other things related to it.
However designing the curriculum will be a difficult task to do because this is a new technology which lacks enough experts and technocrats in the field.

It is quite unfortunate that ICOBENCH has been compromised by desperate ICOs who are bent on getting advertisements and promotions at all cost without following  due process.
This is a deceitful way of scamming potential investors who visits this site to read reviews and ratings of  upcoming and present ICOs.

I hope to see the end of this massive dumping of btc by Mt.Gox the trend of dumping whenever the price had made a significant bullish rally is quite worrisome it is quite unfortunate that these guys dictates the price at will and there is no means to cushion the effect of the dumping which is attributed to non regulatory feature of bitcoin.

With the price recent waves of dwindling economies of some countries due to the crash in the price of crude, devaluation of their currencies and sanctions imposed on them  the alternative route for those countries is cryptocurrencies examples are Venezuela, Zimbabwe and presently Iran is seeking Cryptos to cushion the effect of these sanctions this is a subtle way of diversifying their economies towards a sustainable development without any effect of the sanctions.

The article reemphasized the fact that south Africans as a pioneer and leader in crytocurrencies in Africa I belief the plan to invest in crytocurrencies by the citizens is putting them in a forefront for other African countries to follow suit, Nigeria, Zimbabwe and Congo are other African countries that are following the trend of investment in Cryptos despite their government unfriendliness towards cryptocurrencies.