I just posted an article on Medium to shed light upon diversification into crypto for traditional investors.
https://medium.com/velvet-capital/want-to-diversify-your-portfolio-adding-some-crypto-might-help-32c62eb402e?source=friends_link&sk=f6265fc28cad39fb0a86095e6d3cfc8a

Curious to hear your thoughts. Is the low correlation with traditional assets going to be persistent? What do you think?

France is about to introduce an educational module to its high school curriculum that covers Bitcoin (BTC) and cryptocurrencies.

READ THE FULL ARTICLE VIA THE LINK BELOW.
https://worldpublicityblog.com/index.php/2019/11/06/french-high-school-students-will-learn-about-bitcoin-and-crypto/

The regulatory constraints that previously prohibited German banks from offering Bitcoin-related services to clients could soon become a thing of the past.

New reports are coming in that once the fourth EU Money Laundering Directive comes into effect, financial institutions in Germany will have the legal and regulatory approval to offer and hold cryptocurrencies including Bitcoin.

Source link here

What can I say? A change of heart indeed for German banks to finally embrace Bitcoin and cryptocurrencies in their country.

Last time, German banks are prohibited to offer services related to Bitcoin, because they think that it could really hurt their financial ecosystem or consider it as a threat. Now that they have finally understand the impact of Bitcoin and blockchain that would really help them in the long run.

I’m just so happy for them that they can do this legally in their country. I hope that other countries would follow suit, but I don’t expect China, India, Russia and other anti-Bitcoin countries out there might have a “change of heart” soon. I believe there come a time that they would finally change the way they view Bitcoin and other cryptocurrencies in their respective financial ecosystem and not considering them as threats.

So I'm gearing up for a bit of a road trip and will be passing through a couple major centers in my country. Now I seem to recall a few years back especially leading into the 2017 FOMO that quite a few retail outlets had started taking BTC, LTC and maybe a few others. There are articles going back a few years where there were some restaurants that had adopted the practice as well. Now I don't know how many of them set up their own wallets, or if they used a gateway service to convert crypto and be paid in FIAT. The problem is this is on the steep decline, and it doesn't seem like retail is interested. I am struggling to find a shop I can show up and pay for something with crypto.

I get it if large retailers aren't interested. Why would they it's more work for them and training. However a small business running with minimal staff could esaily adopt the practice. Ideally they would manage their own wallet and become a coiner themselves. Hell even just holding back 3-5% in the coins themselves and converting the rest would be a nice step in the right direction.

Personally I'm hoping to have a convo or 2 with any small shop I stop in at just to see what their thoughts are on the matter. It will be a small percentage that might be interested, but I feel entrepreneurs in general to be the sort that would jump into this. I'm not giving up and have a lead on a couple spots that I might be able to make this happen, if so I'm hoping to get some insight from the owners about how they got into it and why they stayed with it.

Side note I do think I found a furniture store a few hours away from me that takes payment in Crypto. I'll be trying to find out more about them as well.

I think BTC is about to shock the world, with an epic meltdown into halving that nobody expects. I'm sure many of you know that I don't really use Elliott Wave too often, usually because I think it is too prone to misinterpretation. As an analyst, I like to keep things clear and simple on my charts, so that I can decipher what is going on in an easy to understand way. That's what works for me. However, I'm giving Elliott Wave Theory some credence here, in the long term Bitcoin chart.

Now, I've said on numerous occasions that BTC's log regression arc (blue arc) is the most beautiful and technically respected formation that I have ever seen in my eleven years as an analyst. I've also said on multiple occasions, that I didn't trust the recent bull run, because price never fell to my personal regression arc. Many other analysts have drawn it differently, in a way that shows price touching it in December of 2018, but they erroneously allow price to dip below it in years prior, simply to fulfill their fantasies of their emotional narratives. Not MagicPoopCannon. I always bring it to you raw and uncut, even if it causes uproar and rejection.

Looking at this weekly log chart of Bitcoin , you can CLEARLY see that BTC has printed five impulse waves up. The first wave began at it's creation, and the fifth wave ended at the high of 2017. Since then, BTC has clearly been in an ABC correction phase. I mentioned this as a possibility in the past, and here we can see that it really seems to be playing out.

Here's where things get messy though. For the ABC wave to complete itself BTC will more than likely break down below the blue regression arc, and that is a big problem technically, in my opinion. Now, the end of the C wave can be as low as the A wave (flat) or deeper than the A wave ( zig-zag .) With that said, if price were to fall quickly to the regression arc, somewhere around 3000, we could see a flat play out, with price completing the C wave without breaking the regression arc.

You may be wondering why the regression arc is so important. In my view, it's the primary technical formation projecting that BTC will rise to the hundreds-of-thousands range. If it is broken and not recovered, BTC may never reach those lofty targets of common belief. That's why I'm concerned about the future of BTC . Conversely, a new 12345 wave impulse could begin after the C wave completes, but who knows if that will happen? Nothing is guaranteed. Bitcoin is heavily centralized to China, and they're apparently on a warpath to end all crypto trading. They could easily cause major disruptions in the space, since over 60% of the BTC network is centralized inside of their borders. In other words, I would much rather be a buyer at the end of the C wave, than a holder into oblivion. I have profits to protect, and I intend on doing that, even if it means risking some upside gains. At this point, the market has to prove to me that it can and will recover. One thing that is a fact of trading, is that the trend is your friend. Since the high at 13800, the trend has been down, and I have been incrementally liquidating my positions.

Now, we can see on the chart the the 50 week MA (in orange) is right below the current price action. I showed in the last analysis how I thought BTC would fall to it in the near future, and that happened exactly as I had anticipated. Now that we're here, I think it is more likely that BTC will break down below the 50 week MA, to test the more important support/resistance zone around 6000. If that is lost, BTC could fall to the 5600 range, where it will meet the 200 week MA (in purple.) If you recall, that is where BTC held in December 2018 at about 3200. Unfortunately, if any credence should be given to Elliott and his Theory of Waves, price should also break down below that. Historically, price has never really broken down below the 200 week MA. It has been tested and maybe breached a few times, but never with great magnitude. I think we're about to see a breakdown below that, at least for a retest of the 3000 area at the bottom of the blue regression arc. Honestly, I think the most likely outcome here, is that BTC will fall much deeper than that, potentially to 2000 or lower.

I don't want to give too much weight to Elliott Wave here though. But just look at the volume since 2015. It has been on a consistent fall, dwindling and dwindling while everyone ignores it. Interestingly, the end of the C wave corresponds well with the ending stages of the falling volume resistance (black trendline .) So, there is a good chance that we could see an explosion of surging volume there. So, I would prefer to be a buyer in that region. Basically anything below 3000 I will be interested in buying at this point, and I think that's true for a lot of people, which is why we could see an explosion in volume if prices fall down there.

Furthermore, look at the weekly RSI . You can see that the red horizontal trendline (around 56) is a clear indicator of bull and bear markets. When BTC gets above it and holds above it, we are in a bull market. When BTC breaks down below it, and confirms it as resistance, we are in a bear market. Last month, BTC confirmed that level as resistance, proving that we are in a bear market right now. So, I won't be hodling anything here, until BTC shows a real improvement. If BTC rises 1,000 or more tomorrow, I don't care. I'm looking at the big picture, and I think the highest probability is that BTC will melt into the halving, in a way that nobody is anticipating. In fact, the only reason BTC may have this beautiful chart, is because it has been in the process of forming a perfect 5 wave impulse for the last eight plus years. Now that the impulse is complete, I can't help but wonder if BTC really has any value. People will call that FUD and blah blah blah, but I'm an analyst and an educated investor — not a blind ideologist. I do think BTC has value, I just don't know what that value is, especially since adoption is lackluster, the lightning network is unimpressive, and BTC has shown that it isn't much other than a "digital store of value." Considering BTC's volatility , and the fact that it's at the end of a five wave impulse, BTC could be a DESTROYER of value going forward. We simply don't know, and there is no real way to calculate the value of it. I've looked at mining costs, profitability, difficulty adjustments, halvings, transaction values, the hash rate, you name it. The true value of BTC is something that everyone speculates on.

I'll leave you with this; just because BTC has risen for the majority of it's lifetime, doesn't mean that it will be profitable from here. For all we know, BTC may never see 10,000 again, and there are many technical and fundamental reasons to believe that. Choose your moves wisely. The future we've all envisioned is not guaranteed.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

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With the advent of smart contracts, it's possible to create decentralized applications which allow people to vote on candidates of their choice. The censorship-resistant and decentralized nature of Blockchain technology, makes voting online practical like never before. After all, it's nearly impossible to rig results in Blockchain-based elections.

Now, it's up to worldwide governments to decide whenever they'll adopt Blockchain technology or not in order to improve the way we vote. Ethereum is the best public blockchain that would serve the bill nicely if governments adopt it for elections. So far, I haven't heard of a government announcing Blockchain-based elections within the mainstream world. If this becomes a reality, I guess that there would be no need to vote for candidates of our choice in a physical manner, as everything can be done online. In the US, it'd be amazing to vote for a presidential candidate using Blockchain technology. The possibilities here would be endless. But it seems, that the government doesn't trust Blockchain technology yet.

Do you think that in the future we'll be able to experience Blockchain-based elections more thoroughly? Or is it a bad idea? What are your thoughts?

Anyone trying to develop new kinds of stable coins?  Was thinking of setting a group up to discuss ideas, learn collectively and pool resources.  Any interest?

Earlier this morning, I read from whatsapp group how IDAX CEO, has suddenly gone missing.

If you doubt this, read full story on IDAX blog here http://idax.zendesk.com/hc/en-us/articles/360037327571-Urgent-announcement-about-current-situation-of-IDAX-Global

As I speak, cold wallet in which all crypto assets of users, investors etc are kept in custody is inacessible. Perhaps, if anyone should have veto access to it, would be the CEO basically. Withdrawal is blocked and users are stranded.

I also use IDAX but lucky was on my side two weeks ago when I pulled out my $200 worth of Ether to AtomicWallet.

A friend said it is more like I'm a prophet. Hahaha, I am not one either but I was skeptical of being at the mercy of exchanges when I was Introduced to AtomicWallet. Immediately, I head for atomicwallet.io and downloaded on my PC. AtomicWallet is a non-custodian wallet where your private key remains with you giving you the full control you desire over your funds.

I can't actually afford cold wallet so a decentralized wallet was the best option for me. Meanwhile I could have used 75% of the fund to get a cold wallet but for the flexibility in moving funds, and some cool features of atomic wallet not available on cold wallet. I'll start to use the latter when I need to store up to 100BTC for lengthy period 

In my opinion, I think IDAX is attempting a scam exit. We all know how cunning they can be when they're ready to ooze off. Different strategies they use. And now, even if the CEO shows up, users will flee the exchange as they will lose confidence and trust for it. And that would be the beginning of the dead end of IDAX. So, I'll advise that you start using non-custodian waller.

An insider with his ear on the tracks, whispered to me this:

The next much anticipated halving event will be a dud. There will not be a parabolic push up in price. It will steadily move sideways in the 5,000 range with low volatilty. Baffling everyone and flattening peoples interest in bitcoin. Meanwhile people will start buying and trading alts again and stablecoins will see a significant rise in popularity especially with big corporations.

So much for making big gains from the next Bitcoin halving event. You are all shit out of luck?

Btc Price is Not showing exactly how big is crypto market Cap really!

Btc Price comes from the buy and sell orders from coinbase/ kraken/ binance... Polo and So...  Others.



But it does Not show nothing When crypto is exchanged privately.

So what should be the correct Bitcoin price then?
7000 $  for that Kind of crypto awarness and adoption its very little...


We have so much hype... About crypto like bakkt... Like FED printing money  and inflation of FIAT Currency... So much positive news daily, but the btc is Not doing Good! 

The hype is bigger then action



WHO is Behind that fake and Missleading news? 
Those positive news are Missleading If the real results and profit are Not there!! 


Yes btc is Techically Good but Price is Not Good

Almost every day a new person comes up with the claim that he/she is the real Satoshi. The real satoshi surely does not want any kind of fame. If he/she/they want fame he could have disclosed his identity earlier. But what could be the possible reason that Satoshi still hides his identity? Does he have a big plan for the future?

It amazes me the number of men in crypto but women not so much.
When I talk to my girlfriend or female friends I feel like they don't care about it or I am crazy lol. I offered 3 of my female friends 10 dollars worth of Bitcoin via Coinbase to see if they will be interested.  I helped download the app, set up two-factor authentication and some other basic stuff. After a couple of months, they even don't recall how to access their wallets. I am very disappointed lol. Can someone explain to me why women are not interested in crypto?
 

anybody konws about it?

Let’s talk about a simple yet important currency valuation perspective; cryptocurrency or fiat.

This valuation approach starts with the interpretation of an essential concept that has been put conveniently within the definition of the word cryptocurrency-a subtle definition that has been lost on many investors, sadly.

Looking at the word cryptocurrency more closely, we see that it is a compound word-that is, two smaller words combined to create a new word with its own meaning:

    CRYPTO: a word cryptography abbreviation; the art of writing or solving ciphers and codes;
    CURRENCY: something used as a means of exchange; money.

Cryptocurrency is generally defined as a compound word as a digital currency that uses encryption as a mechanism for validating and verifying transactions.

So what is it that lends itself to a new perspective on valuing altcoins within the term cryptocurrency?

What Is Currency?

Currency is a medium of goods and services exchange. In short, it’s money, usually issued by a government in the form of paper or coins, and generally accepted as a method of payment at its face value.

In the modern world, money is the main means of exchange, having long since replaced bartering as a means of exchanging goods and services.

A new form of currency entered the language, the virtual currency, in the 21st century. Virtual currencies like bitcoins have no physical existence or support from the government and are traded and stored in electronic form.

Read more DoggBitCoin.Com

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand? And would that mean the price of Motorola phones will rise to $1,000,000? No. Why? Because people will simply associate and produce their own wireless communication devices, as these devices are just chips, resistors, transistors, capacitors, inductors, and diodes joined together the right way. And it s not only Motorola that is capable to put electronic components together.

In the same sense, bitcoin is just numbers associated to addresses that are transferred through the network from one address to another via some protocol. And it is not only Satoshi Nakamoto who is capable to design such paying system. This system is not Michelangelo's Pietà or Leonardo da Vinci's Mona Lisa. It is just numbers, addresses, database, and protocols. Everybody is capable to create that. So, no rational reason exists for bitcoin to cost 1,000,000 dollars. There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

What if I'm in an area without internet and I need to spend bitcoins? Wouldn't it help the decentralization principle if bitcoin doesn't depend on third-party internet connection? An internet built on the Bitcoin blockchain should be a possibility.

Bitcoin prices are dropping too much...
Is there a possibility of a rise in the future?
If you say yes, when will the trend turn around?
And how much will Bitcoin prices go up on end of this year?