I think the banks must find the way to coupe with the latest blockchain technology to keep running their business because without implementing blockchain in to their monetary system and supply or they would be left behind. Surely, people will massively adopt the cryptocurrencies over time.

I think bitcoin will also withstand such crisis because it can never affect the entire world at the same time. Bitcoin very strong today because it is fast, secure, and decentralized. If the economy of one country fall that doesn't mean the bitcoin will also go through the same situation. Bitcoin is a currency that is acceptable everywhere around the world because it offers global payments. The bitcoin has limited supply of only about 16.7 million bitcoins in circulation worldwide at the moment, that is makes bitcoin every valuable.  

Bitcoin is better than other currencies because it is fast, secure, and decentralized. Bitcoin is a currency that is acceptable everywhere around the world because it offers global payments. Bitcoin transactions are instant, when you send money in bitcoin the money would arrive in seconds or few minutes max. The bitcoin has limited supply of only about 16.7 million bitcoins in circulation worldwide at the moment, that is makes bitcoin every valuable. 

Hard and consistency are the only things that can help anyone to stay on top of the game, every time. All successful people are consistent at what they do and put in a lot of hard work to achieve their goals. The successful people understood there is no shortcut to achieving their goals that is why they put their effort, time, and energy to get to where want to be.

Well, after bitcoin I have invested in few altcoins that tend to provide more profit from time to time such as Ethereum, IOTA, Dash, Cardano, and Ripple. It is not bad to invest in few altcoins when you have the money to do so because even when the market is going down some of your altcoins would be growing instead of declining.

Well, the best time to buy bitcoin if you are into bitcoin trading is when the price went down like the current situation we are in right now, and the best time to sell is when the bitcoin price grow to another level. Once you buy bitcoin there is a time when the bitcoin price is going to grow higher so that is the best time to sell if you are interested in doing that because I always prefer holding bitcoin for a long-term. 

A single global currency would help unite the world and the smaller economies to compete with with big ones. The global currency would help in so many different ways from buying and selling things to transferring money from one point to another. The bitcoin got a lot of value today because there are many businessmen and traders that are using it as a global currency since it is acceptable all over the world.

Holding bitcoin is not greedy is a business investment. In fact, a very good one! Holding bitcoin is as good as holding gold, but only better because bitcoin has a limited supply of only 16.7 million bitcoins in circulation worldwide at the moment, and only 21 million bitcoins to be ever made by the 2140.

Working on bounty campaign is pretty great these days, and investing when you are a complete beginner. Once you started knowing few things then you might as well join the trading and lending platforms where you can make more money. Trading bitcoin and altcoins tend to give more profit but it requires intermediate and professional people not beginners.

Yeah, that is the problem with new technologies. Sometimes, I don't know what is wrong with security agencies, they are always left behind in terms of catching criminals and they always refer it something, it is pretty obvious that this time they blame it on bitcoin. Hmm, that's very funny!

There is no need to advertise bitcoin on TV because the social media did it all. The bitcoin hashtag was trending for weeks on both twitter and facebook. I believe that is enough besides who watches TV, anyway? I guess, only the old and young kids that are completely watches TV, nowadays!    

There is no point of having money not just bitcoin if you cannot help the poor or needy. The life is moving too fast and helping others is one of the few things that you can do to be happy every time you remembered. No matter how hard you worked to get what you have you should at least give back to the community. 

No government can be able to ban bitcoin because the bitcoin network is peer-to-peer and fully decentralized. To completely ban bitcoin in your country you need to shutdown the internet and go back to instant stone age.

I think the only solution for what you should when you meet the "bitcoin hatters" is to teach them more about bitcoin from what is bitcoin first, how bitcoin and blockchain technology work together, how bitcoin can change people's lives, the impact of bitcoin to the economy and their communities and so on. I believe after that long explanations many among them would like both you and bitcoin.

Bitcoin is first cryptocurrency in the world with better quality and well enhanced codes. Bitcoin is also popular because of its value and limited supply. There are only 16.7 million bitcoins in circulation currently in the world, and the demand of bitcoin is higher than the supply. Bitcoin value is what attracted many people to bitcoin and the value is growing consistently due to the bitcoin limited supply. 

People are now using bitcoin because it is fast, secure, and decentralized. Bitcoin is acceptable where around the world unlike fiat currency which tend to work only within your locality or environment. In fact, must people are now using bitcoin for an instant global payment since bitcoin is very fast in terms of speed. Lastly, bitcoin is also a store of value like a gold, only better. When you hold bitcoin over time the value increases and you get more profit in the market.

Once the internet is down the bitcoin peer-to-peer network is down. Once the bitcoin network is down there is no way to transfer bitcoins. Bitcoins without internet they would be like a cell phone with GSM network. Phone without network is basically worthless to the same thing might apply to bitcoin without the internet.

Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano: Price Analysis, Jan. 8



After a bumper 2017, the cryptocurrency market is attracting new traders who wish to make a fortune in short time. While this is a bullish development, it is also fraught with risk. Most newbies entering the markets believe that it is a ‘get rich quick’ scheme.

However, a majority will end up investing in coins that are likely to vanish from the scene in a few years. Too many inexperienced traders willing to buy at any price can lead to a bubble, which will end with a sharp downturn that does not bounce back quickly.

Hope, we are smart enough to identify the bear market beforehand and emerge with minimum losses. Traders should always keep an eye on the risk so that they can last in this business for the long-term.  


BTC/USD

Bitcoin could not sustain above $17,000 levels, which encouraged profit booking and selling at the higher levels. It has broken below the 20-day EMA and the trendline support, hitting our trailing stop loss at $15,000.


BTC/USD

If the bears can sustain below $15,000, the cryptocurrency will become negative and extend its fall to $14,000. Below this level, the 50-day SMA is the last major support, which has not been broken convincingly since end-September.

Therefore, if the bears succeed in sustaining below the 50-day SMA, it will indicate weakness.

The head and shoulders pattern is still intact and if the price breaks below the neckline, traders should brace themselves for lower levels, even below $10,000.

Our bearish view will be invalidated if the BTC/USD pair takes support and turns around from any of the above-mentioned support levels and breaks out of $17,200 levels.


ETH/USD

Ethereum broke out of the ascending channel yesterday, Jan. 7, and rose to $1,191 levels, where it witnessed profit booking. We had mentioned $1,200 as one of the possible targets in our previous analysis. If bulls manage to break out of $1,200, the next target on the upside is $1,310, which is arrived at by adding the width of the channel to the breakout point of the channel.  


ETH/USD

However, currently, the price has turned down and has entered into the channel once again, which is a negative sign. Levels that can offer support are $993.91 and $933.03, which are 38.2 percent and 50 percent retracement levels of the latest leg of the rally.

If the bulls fail to propel the ETH/USD pair back above the channel quickly, we most likely see a fall to $820, which is the trendline support of the channel increase.


BCH/USD

Bitcoin Cash could not break out of the $2,800 levels yesterday, Jan. 7. As a result, it has now formed a range between $2,291 and $2,770.6933.


BCH/USD

The lower end of the range has held on four occasions. If it holds again, we are likely to witness a few more days of range-bound trading.

But if the range breaks down, it is likely to attract further selling, which can sink the BCH/USD pair to the 50-day SMA, close to $2,000.    


XRP/USD

For the past three days, Ripple has been trading inside the large range formed on Jan. 5. The support on the downside is between $2.13492, the 38.2 percent Fibonacci retracement level, and $2.15777, the low on Jan. 5.


XRP/USD

On the upside, resistance lies at $2.849, $3.06 and $3.317.

As mentioned earlier, we expect the XRP/USD pair to fall to about $1.4 levels eventually and remain range bound for the next few days.

It’ll prove to be wrong if the price breaks out to new lifetime highs.    


IOTA/USD

On Jan. 7, IOTA again failed to sustain above the overhead resistance at $4.34. We hold long positions initiated at $3.904 and $4.121.


IOTA/USD

As the bulls have failed to sustain above $4.34 on three occasions, we believe that the bears are likely to push the cryptocurrency down to the lower end of the range.

Our current suggested stop loss is at $2.85. Although considering the weakness in Bitcoin and most other top currencies, we recommend raising our stop loss to $3.5.

We shall initiate long positions again when the IOTA/USD pair falls to the bottom of the range at $3.032.    


LTC/USD

The attempts by the bulls to resume the uptrend in Litecoin hit a wall on Jan. 6, at $307.992.


LTC/USD

After the stellar rally from $84.708 to $370, the cryptocurrency has entered a period of correction/consolidation and has formed a symmetrical triangle pattern.  

A breakout from the triangle and the overhead resistance at $307.992 is likely to resume the uptrend in the cryptocurrency.

On the other hand, a breakdown from the triangle will be bearish, which can result in a sharp fall if the price breaks below $175.199.

As long as the LTC/USD pair trades inside the triangle, it is likely to remain volatile and trendless.


XEM/USD

We had recommended a long position at $1.072 expecting a retest of the highs. Yet, NEM could only reach a high of $1.9.


XEM/USD

Like all other cryptocurrencies, the XEM/USD pair has also turned down sharply. It is likely to break below our stop loss of $1.4 and fall towards the trendline. If the trendline support breaks, a fall to $0.795 is likely.  

On the upside, the bulls will face a stiff resistance between $1.9 and the lifetime highs.


ADA/BTC

After the large range day on Jan. 5, Cardano remained in a small range on Jan. 6 and Jan.7.


ADA/BTC

Today, the cryptocurrency has turned down. Its immediate support is at 0.00005347, which is the low reached Jan. 5. If this level breaks, the fall can extend to the 20-day EMA.

However, if the ADA/BTC pair holds the support levels, we may see another attempt to resume the uptrend. Any long positions should only be initiated once the price breaks out of 0.00006655.


Source: https://cointelegraph.com/news/bitcoin-ethereum-bitcoin-cash-ripple-iota-litecoin-nem-cardano-price-analysis-jan-8

SEC Suspends Trading of UBI Blockchain Following ‘Unexplained Market Activity’



The Securities and Exchange Commission (SEC) has suspended trading of shares of UBI Blockchain. The regulator has issued the suspension based on:

    “(i) Questions of the accuracy of assertions...regarding the company’s business operations; and (ii) concerns about recent, unusual and unexplained market activity in the company’s Class A common stock since at least November 2017.”

The company’s stock surged from $9 to $87 in just one week last December, according to CNBC, before returning to $22 today.


Rising tide lifts all boats

UBI Blockchain is one of several companies whose stock price has benefited from the Bitcoin and Blockchain craze that has swept the markets. The company, which intends to use Blockchain technology to “trace a food or drug product from its original source” surged from 55 cents in February 2017 to trade as high as $115 per share.

The company, originally JA Energy, changed its name in 2016 and reached a market value of over $800 mln. This would not be at all strange, except that UBI Blockchain has never earned any revenue and the phone number it uses for regulatory filings is disconnected.
Taking it in stride

CEO Tony Liu seems to be taking the trading suspension well, saying:

“(The SEC’s decision is) understandable due to the recent frenzy of buying stock related to the Bitcoin phenomena.”

Liu went on to add:

    “We believe the general public is confusing our Blockchain technology with Bitcoin companies [even though we have been] involved in Blockchain technology for well over two years before the Bitcoin buying frenzy took place and we plan to be in business for years after the Bitcoin buying anomaly ends.”


Not the first

UBI Blockchain isn’t the first company to benefit from a Blockchain-related name change. Earlier this month, Long Island Iced Tea saw its stock quintuple in value following a name change to “Long Blockchain.” Likewise, a small company called Longfin saw its value surge 13-fold following its announcement that it was acquiring a defunct cryptocurrency.

Nor is UBI Blockchain the first stock to face a trading suspension by the SEC. The regulator halted trading of The Crypto Co. back in December citing similar anomalies in trading. Shares of The Crypto Co. had risen 2,700% in a single month, according to CNBC. The suspension ended on January 3, and the stock is down nearly 70% from its previous highs.


Source: https://cointelegraph.com/news/sec-suspends-trading-of-ubi-blockchain-following-unexplained-market-activity

Cryptocurrency Market Takes a Tumble as Ripple Bubble Fear Looms



2018 did not begin on a good note for Bitcoin as the monster rally leading to Christmas crashed, but it made a bit of a recovery in and among a boom for a number of altcoins. However, Monday has not been a good day for the entire cryptocurrency market.

Looking down the graphs of the top cryptocurrencies, you’d be hard-pressed to find one in the black as all of the top 10 coins hit a downward trend, led by Ripple which had dropped by almost 28 percent over the last 24 hours.


Red across the board

Coinmarketcap showed some unpleasant numbers for all top 10 coins as Bitcoin was registered as being down 11 percent, Ripple down 28 percent and Bitcoin Cash down 20 percent.





Ripple’s losses were by and far the biggest, especially considering the growth the coin experienced in the past few weeks. Ripple reached $3 a coin a few days ago after it was added to Bloomberg’s price terminal in late December.

South Korea also recently pushed up the altcoin market as the mania strike the Asian country with Ripple’s doubling up attributed to South Korea being taken with the Blockchain-based payment solution for enterprise-level global payment transactions.


A bubble in the Ripple?

The low Ripple numbers may be down to the fact that Coinmarketcap does not including information from some South Korean exchanges, but there are other concerns afoot.

"The reason ripple is surging so much is it's a bubble," said Erik Voorhees, CEO of digital asset exchange ShapeShift and a vocal advocate for Bitcoin as a way to separate money and the state. "Testing crypto with banks doesn't make sense. The whole idea of crypto is you don't need a bank.”

The technology behind Ripple is aimed at large institutions, which has given it an air of legitimacy which in turn has spurred the price and build a hype for investors.

However, cryptocurrency enthusiasts say that centralization is the exact opposite of what the technology of the digital currencies should be about.


Altcoin season

Many saw the recent dip in Bitcoin’s dominance as the reemergence of altcoins, with Ripple, and even other minor coins like Verge stealing the limelight. However, this recent dip seems to suggest that there are still strong ties between many coins to the dominant force that is Bitcoin.

The adage goes that: 'A rising tide lifts all boats,' and the same goes for a falling one. With Bitcoin still being the biggest boat in the bay, it makes sense that should an issue affect it and its price, other coins in the crypto market will also feel the effect.

Famed stock picker Ronnie Moas recently predicted that there would be a reverse on this so-called ‘altcoin season,’ and perhaps, this is it as everyone goes down before the most established digital currency again rises up.





Source: https://cointelegraph.com/news/cryptocurrency-market-takes-a-tumble-as-ripple-bubble-fear-looms