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If you’re someone who keeps a close eye on cryptocurrency⁣ trends, then you’ve likely been watching the fluctuations in the ‌price of⁤ Bitcoin.⁤ The ​latest Bitcoin price‌ analysis has revealed some interesting insights that every investor should be aware of. Whether you’re a seasoned pro or just dipping your ⁤toes into the world of cryptocurrency, understanding the factors influencing‌ Bitcoin’s price can help​ you‍ make more informed decisions. Let’s dive ⁤into the key points you need to know about ‍the current state of⁤ Bitcoin and ⁤what the future may hold.

Breaking Down the Bitcoin Price ​Trends

Bitcoin​ price trends are constantly fluctuating, making ⁣it essential for investors​ to stay informed⁢ and up-to-date with the latest analysis. By breaking down the current Bitcoin ​price trends, traders can better understand market movements and make more informed decisions. ⁣The latest Bitcoin‍ price analysis provides crucial insights into the factors influencing the price of this popular cryptocurrency.

One key aspect of Bitcoin price analysis is identifying support and resistance levels. Support ‍levels indicate the price at which a ‍particular asset is likely to ⁢find buying⁢ interest, preventing it from falling further. On​ the other hand, resistance levels show where selling interest is likely ⁣to emerge, preventing ⁤the price from rising. ⁤By understanding these levels,​ traders can set ​buy and ​sell orders strategically to capitalize on‌ market movements. Monitoring key technical indicators like moving averages, the relative strength index (RSI), and trading volume can offer crucial insights into market sentiment and likely price movements. By evaluating these metrics, traders can develop a deeper understanding of market trends and enhance their decision-making processes.

Key Factors Affecting Bitcoin’s Price Movement

Bitcoin’s price movement is influenced by a variety of key factors that investors and analysts ‌closely monitor. One⁤ of the most significant factors affecting Bitcoin’s price is market demand and supply dynamics. When demand‌ outweighs supply, the ⁢price of Bitcoin tends to rise, ⁣and vice versa. ⁤This can be influenced ‍by factors such as institutional adoption, retail investor interest, and macroeconomic events. Additionally, regulatory developments, such as government crackdowns or regulatory approvals, can also ⁣have a significant impact on Bitcoin’s price.

Another key factor ⁣affecting Bitcoin’s price‌ movement is market sentiment⁣ and investor psychology. The cryptocurrency market ⁤is known for its volatility, and prices can fluctuate rapidly based ⁣on news, rumors, or even social media trends.⁣ Fear, uncertainty, and doubt ​(FUD) can lead to panic selling ⁤and price declines, while positive news or market optimism can drive prices higher.Traders frequently rely on technical analysis to forecast price movements by examining historical price data and observing market trends. Indicators such as trading volume, moving averages, and support/resistance levels offer valuable insights into potential short-term price fluctuations. By closely monitoring these key factors, investors ⁢can make informed decisions and navigate the volatile cryptocurrency market with greater confidence.

Expert Tips for Understanding Bitcoin Price Analysis

Bitcoin price analysis can often be overwhelming for newcomers to the​ cryptocurrency space. However, by following expert tips and understanding key factors that influence ⁢Bitcoin’s price, you can gain a better grasp of how to interpret the latest analysis.

Here are some expert strategies to assist you in navigating Bitcoin price analysis:

• Stay Informed About News and Events: Keep abreast of the latest developments in the cryptocurrency space, as news and events can significantly influence Bitcoin’s price.
• Understand technical analysis: Learn how to read charts and patterns to predict potential price movements.​ Technical ‌analysis ​can provide valuable insights into market trends.
• Consider market sentiment: Pay attention to the overall mood of the market. Sentiment ⁤analysis can help ​you gauge ⁢how investors are feeling about Bitcoin.
• Assess Fundamental Factors: Consider key fundamentals like network activity, adoption rates, and regulatory changes that could impact Bitcoin’s value.
• Use multiple indicators: Don’t rely on just one indicator for your analysis. Utilize a⁣ combination of technical and fundamental analysis to ⁣get a more comprehensive view of the market.
  By following these expert tips, you’ll be ⁤better equipped to understand and interpret Bitcoin price ⁤analysis more ⁣effectively. So there you have it‌ – the ‌latest insights into the world of Bitcoin price analysis. As the market continues to⁤ fluctuate and evolve, it’s crucial to stay informed ⁣and educated on the⁢ trends shaping the⁣ future of cryptocurrency. ⁢Whether you’re a seasoned investor or just starting out, taking the time​ to delve into the data can help you make more informed decisions. Keep​ a close eye on the‍ latest updates, and remember, knowledge is‍ power⁣ when it comes to navigating the wild world of Bitcoin. Happy ⁢trading, and may the trends be ever in your favor!

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In a world‌ where finances are ​becoming ⁣increasingly complex and filled ‌with uncertainties, there exists a ‌shimmering beacon of hope⁤ – Bitcoin. Unlocking the boundless ‌potential of​ this⁤ revolutionary⁢ digital currency promises to not​ only ‌rewrite the rules ⁣of finance⁣ but also ⁢pave the way for a future where control, security, and prosperity​ are within reach of every individual. So,⁢ if you’re⁣ ready to embark on a journey of fiscal‍ liberation, hold‌ on tight​ as we delve⁤ into the ⁢mesmerizing realm of Bitcoin, ⁤where the​ future⁤ is⁤ now. Prepare⁢ to witness the birth of a financial‌ revolution that will leave traditional banking systems shaking in their oh-so-stuffy corporate boots. Get ready to ⁣embrace a new era⁣ of freedom and empowerment – don’t let the ​opportunity slip ⁣through your fingers. It’s time ⁤to seize‌ control ‌of your ‌finances and‍ let‌ Bitcoin lead the ⁤charge towards a‌ brighter, ⁢bolder financial​ landscape.

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MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

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When exchanging Monero (XMR) for Bitcoin (BTC), you should know that a financial transaction can be performed differently. But which method will be the best and most profitable? Practice shows that users often use one solution. They exchange Monero (XMR) to Bitcoin (BTC) through electronic exchangers, selecting performers on the profile monitoring portal BestChange. Why are other methods much less often chosen? This should be understood by considering the features of each option:

• Crypto exchanges – working with exchanges is unprofitable due to high commissions. Plus, users must undergo verification, place orders to exchange funds, wait for them to be executed, and this is a waste of time. To speed up the exchange, you must give in to the course. Not every user is willing to wait that long;
• P2P platforms. Here, the exchange is carried out between private individuals. Therefore, to convert the Monero cryptocurrency into BitCoin cryptocurrency, you must wait for a counteroffer that suits the terms. It is not known how long to wait. Therefore, this option is not suitable for those who want to make the exchange quickly;
• Telegram bots. Among the mentioned services, there are many scam projects. Finding a reliable service provider is almost impossible. Plus, exchanges are often made at unfavourable rates, with inflated commissions;
• Private money changers. Many scammers are also among them, and the exchange conditions cannot be called favourable.

Now, it’s clear why users prefer to exchange Monero for Bitcoin through electronic exchangers. When selecting a service provider on the monitoring portal and listing reliable e-exchangers at bestchange.com, you can be completely confident in its reliability because all services undergo a thorough check for transparency of activities. Also, when working with exchange services, you will be able to note several additional advantages, in particular, the following:

• current conversion rates;
• large reserves of USD;
• the ability to conclude small and large transactions;
• fast exchange;
• the ability to fix the rate upon request;
• There is no need for mandatory verification.

And, being confident in the correctness of the decision regarding the choice of currency exchange method, it remains to understand the procedure for concluding a transaction in more detail. There are no complications here.

How to exchange currency through an exchanger

Having selected a suitable exchange offer, you must go to the contractor’s website and carefully read the rules, focusing on all the essential points. Next you need to do this:

• enter the requested data in the application;
• check the accuracy of the information;
• agree to the rules of the exchanger;
• confirm the application;
• contact the service operator to get a wallet number for transferring Monero cryptocurrency;
• pay the application within the period specified by the rules.

Next, your BTC will be topped up with the equivalent in USD. Replenishment often occurs within an hour. However, if the exchange service is overloaded with applications, the transfer can be completed within the maximum period specified in the rules. Usually, it is 24-72 hours.

How to avoid problems when converting currencies

If you want your currency exchange to be quick, easy and smooth, you need to follow a few simple guidelines:

• fill out the application correctly, excluding errors;
• transfer to the wallet of the exchange service precisely the number of digital coins that was indicated in the form;
• comply with application payment deadlines.

As for the monitoring portal, where you can select a service provider, you can earn extra money using the affiliate program on the www.reddit.com/r/bestchange/. It provides a financial reward for each user attracted to the site. This will be a pleasant bonus to the possibility of organizing a profitable and safe financial transaction.

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MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

Since the creation of crypto over a decade ago, bear markets have been part of the sector. These bear markets serve as corrections, stabilizing prices when they go too high. A bear market can sometimes lead to a crypto winter.

Crypto winter is a worse version of a bear market. What happens is that prices experience a massive drop, followed by successive massive drops. While the crypto industry has experienced crypto winters, the current one is unlike anything experienced in the past.

One reason it is much worse is that the crypto market has matured significantly since its founding over ten years ago. Consequently, a lot of capital from traditional markets was tied in with crypto. The collapse of Terra Luna triggered a series of events that led to customers losing their funds and companies filing for bankruptcy.

Despite Crypto Winter, Many Investing In MOSDEX

While crypto winter has gripped the crypto industry, investments in some areas of the crypto sector are still ongoing. An excellent example of this is the MOSDEX platform. While all experts agree that the sector is amid a prolonged bear market, investment in MOSDEX has not let up. It is thus important to understand why the MOSDEX platform has proven attractive to investors despite the crypto market downturn. To do that, one needs to understand crypto arbitrage.

How Crypto Arbitrage Trading Works

MOSDEX is a platform that uses advanced technology to make money for traders via crypto arbitrage. At its most basic, crypto arbitrage is the process of capitalizing on the small price differences of crypto coins on multiple exchanges. It entails buying crypto at a low price on one platform and selling it on another at a higher price.

The process involves minimal risk. Best of all, it does not require expert knowledge to understand how it works. Arbitrage trading has been used in the financial markets for hundreds of years. However, the crypto sector offers more arbitrage opportunities.

This is because crypto markets are fragmented, unlike traditional markets, which often synchronize their data. Besides being fragmented, the crypto markets are highly volatile, which presents numerous opportunities for crypto arbitrage trading. Another reason is that crypto markets are 24/7, so there are always opportunities for arbitrage trading.

Why do Price Differences Exist?

One reason is that the price of a crypto asset on a centralized exchange is based on the most recent bid-ask matched order. In short, the most recent price at which traders buy and sell digital assets is the real-time price of an asset. Consequently, price discovery on exchanges is a continuous process. Prices vary on the different exchanges since the demand for any asset will vary between various exchanges.

On decentralized exchanges, the automated market maker system is used to price assets. It relies on crypto arbitrage traders to keep prices in line with the market. Instead of an order book, liquidity pools are used. For each trading pair, there is a separate trading pool.

Volunteers deposit funds for liquidity purposes in each pool. Traders then trade against these funds. A major benefit of the decentralized model is that traders do not rely on a counterparty to buy or sell assets at a set price. A mathematical formula is used to maintain prices in a liquidity pool with two assets.

When traders buy B from an A/B pool, they need to add A to the pool to remove B. When they do that, the ratio of the assets will change with more A in the pool and less B. To restore balance, the protocol will lower the price of A and raise the price of B. It encourages traders to remove the cheaper A and add B until prices regain balance with the market. Sometimes, a trader will change the ratio of the A/B pool so much that it can cause significant changes compared to the market.

Crypto Arbitrage on MOSDEX

Software engineers and financial markets developed Mosdex experts who honed their skills in the capital markets. One of their most notable achievements is creating the software that powers the Moscow Stock Exchange. Today, Mosdex is designed to help every customer with a passive income opportunity, even during crypto winter.

From the description above, it may seem like anyone can engage in crypto arbitrage in their free time. However, the process is extremely complex in real life. One reason for this is that arbitrage opportunities occur in seconds or less. It would be impossible for any human being to compare prices at more than two exchanges every few minutes.

By then, the arbitrage opportunity will have disappeared. Mosdex uses powerful computing and proprietary software to ensure success when identifying arbitrage opportunities at multiple platforms. It can sift through thousands of gigabytes of data every few seconds—machine learning and AI aid the computing system in its function. Consequently, every possible opportunity to make some money is utilized.

Another benefit of using Mosdex is that it can process transactions in bulk. Doing so helps to eliminate the fees that come with processing the thousands of transactions necessary to profit from crypto arbitrage. The fees-per-transaction would eat into the tiny profit margins of individual crypto arbitrage trading. Mosdex also helps deal with the liquidity challenges of trading across multiple exchanges.

Mosdex has already proved its technology works in the capital markets. The crypto market, while more volatile, is many times smaller than the global capital markets. As such, Mosdex can handle the crypto markets with ease. Those who have already signed up can attest that the technology works.

The MOSDEX Crypto Arbitrage Engine

The arbitrage engine on Mosdex makes it the most profitable crypto arbitrage platform in the world. It uses a simple cycle to ensure that all arbitrage opportunities are fully utilized.

When traders send their funds to Mosdex, the engine will begin scanning and comparing prices on exchanges and trading platforms. AI is at the center of its decision-making; its role is to find exchanges with the highest volatility. It purchases tokens at the lowest price while selling them at the highest price. These decisions are made and executed in milliseconds.

Thousands of transactions are executed in a minute. The engine explores and utilizes opportunities that no human could ever benefit from on their own. Once the trades are complete, the profits are sent to the account, and the funds are unlocked. Owners of the funds can withdraw or lock them up again for more opportunities to profit. Locking up funds ensures that you can compound your initial investment.

Due to the high volatility of the crypto markets, arbitrage opportunities can always be found in the crypto markets. Consequently, investors can continue to earn a passive income even in crypto winter.

Arbitrage Strategies Used by the Mosdex Engine

To achieve profitability at all times, Mosdex combines several arbitrage trading strategies. These are:

Cross-Exchange Arbitrage

This is the most basic form of arbitrage. It entails buying crypto assets from one crypto exchange and selling them on another. The Mosdex engine identifies price differences at different exchanges, with the help of AI, to take advantage of every arbitrage opportunity. Thousands of trades are completed every few seconds to ensure maximum profitability.

Triangular Exchange

This system entails moving funds between three or more crypto assets. Since it takes place on a single exchange, no exchange fees are involved in the loop. A good example is a BTC, LTC, and XRP loop. It involves selling BTC for ETH and buying LTC with ETH. After that, one can buy BTC with LTC. During the process, all small price differences between the coins will lead to more BTC at the end of the loop.

DeFi Arbitrage

DeFi arbitrage is possible on decentralized exchanges using a smart contract and algorithms on the blockchain. With the smart contract, Mosdex will look for any crypto prices that differ from spot prices on centralized exchanges. Once it identifies the opportunities, a cross-exchange trade is started. It entails moving tokens from centralized to decentralized exchanges to benefit from the price differences.

Staking-Based Arbitrage

Mosdex utilizes a crypto-staking protocol that has a proprietary profit-sharing model built into it. Its purpose is to maximize yield using yield arbitrage. For instance, if A has a yield of 10% p.a. and B has a yield of 17% p.a., the protocol will swap A for B with its higher yield. When the protocol swaps B back for A, it will benefit from the 7% increase in yield. The profit-sharing model built into the protocol ensures that users of Mosdex will enjoy huge profits for their investments.

The protocol is powered by a complex algorithm, which identifies arbitrage opportunities for staked assets at reduced costs. Mosdex’s massive computing power ensures decisions are executed in milliseconds to benefit from every arbitrage opportunity for staked assets.

Summary

Users of MOSDEX do not need any technical expertise on how crypto trading works. All they need is to sign up for an account on MOSDEX, deposit some funds, and watch their investment compound.

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MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

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As many more people are beginning to acknowledge, accept, and even trade in Bitcoin, there is a general increase in people’s curiosity about everything about the crypto world. You might well be wondering whether these service providers are reputable exchanges with physical locations that you can visit. The good news is that some do operate physical offices. In fact, their locations might surprise you. In this post, we explore some well-known Bitcoin exchange locations.

China

China is one of the top cryptocurrency markets.  It is also home to a well-established mining hardware manufacturing industry. Nearly 70% of all mining hardware is produced in China, making it the world leader in the industry. One of the most exciting aspects of Beijing’s Bitcoin industry is that the city hosts several crypto exchanges and mining operations. Such operations are responsible for processing and validating all bitcoin transactions. 

For those unfamiliar with crypto mining, it plays an integral role in creating and disseminating new Bitcoin tokens. The mining process involves solving complex mathematical puzzles that are connected to validate new transactions. New bitcoins are created and added to the blockchain as a reward for this service. The Main Chinese exchanges include Binance, Huobi, and Bitfinex. However, as the Chinese government banned Bitcoin in 2017, you cannot legally make deposits and withdrawals in China.

Turkey

Turkey is home to a Bitcoin exchange. It is relatively affordable because its electricity and internet costs make it an ideal location for cryptocurrency mining operations. Plus, there are fair regulations governing crypto. As a result, Turkey is home to several large mining operations. Perhaps the most known Turkey-based exchange is NakitCoins. 

United States

The United States boasts many Bitcoin exchange locations. California and New York are home to the highest concentration of Bitcoin businesses. These include exchanges, trading platforms, and mining operations. While many of these companies are still in their infancy, they are growing rapidly. New York is considered the top Bitcoin exchange location in the United States because it is home to the highest number of trading and mining operations. Some of the popular exchanges in the US include Kraken, Coinbase, and so on.

Japan

Most of Asia’s top Bitcoin exchange locations are in China and Turkey cities. However, Japan is also home to a robust and active Bitcoin community. The country hosts several mining operations and exchanges. The world’s first Bitcoin ATM was also made in Japan. This is operated by a company called Bitflyer. The popularity of Bitcoin in Japan has been attributed to several factors. First, the country’s low-interest rate has led to increased savings rates. Due to this shift, people have more money to invest. Second, Japan has a strong history of innovation and entrepreneurship. Third, the Japanese government has been relatively open to digital currencies. Popular Crypto exchanges in Japan include Bitbank and Mt. Gox.

Conclusion

It is crucial to understand that a city’s geographical location has no bearing on whether or not it hosts a legitimate Bitcoin exchange. Many companies use a virtual trading platform to facilitate Bitcoin trading. Such an arrangement allows them to do business from anywhere in the world. Furthermore, it is also crucial to understand that trading in Bitcoin does not require you to visit any physical location. Thanks to virtual trading platforms, you can do so from the comfort of your own home or office.

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MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

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According to a research, Bitcoin is concentrated in the hands of a small number of people. Despite Bitcoin’s popularity, only 10,000 individual investors hold a third of the bitcoin in circulation. The National Bureau of Economic Research published this information in a research (NBER).

However, determining which persons are in the hands of this massive concentration of assets is challenging. Because the most prominent addresses do not represent people, but rather exchanges and institutions that hold digital currency on behalf of other investors, this is the case.

The NBER discovered a group that controlled 5.5 million Bitcoin in 2020 using a data collecting strategy that distinguished between intermediary and individual addresses. The figure has been revised to around 8.5 million coins this year.

Furthermore, roughly 3 million Bitcoin is controlled by the top 1,000 individual investors. The study claims that the concentration of digital currency might be considerably higher.

“This measure of accumulation is certainly an underestimate,” the researchers told Bloomberg. “We can’t rule out that some of the larger addresses are managed by the same organization.”

The Risks of Bitcoin Consolidation

The centralized nature of Bitcoin mining is much more pronounced. According to the NBER, the top 10% of miners control 90% of mining capacity, while the bottom 0.1 percent (about 50 miners) control 50% of total capacity.

As a result of the significant asset buildup, the network is exposed to 51 percent of assaults. Most bitcoin mining businesses, for example, may be taken over by a single person.
“Major actors, whether they are miners, cryptocurrency owners, or exchanges, continue to dominate this ecosystem.” This exposes the currency to systemic risk, implying that “the majority of future adoption gains will accrue disproportionately to a small group of users,” as the researchers explain.

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MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

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In a month marked by high volatility due to increased uncertainties regarding its mining in China, bitcoin experienced on Tuesday, 22, a drop of almost 10%, trading below $ 29,000, a level not seen since January. And this makes many investors wonder if Bitcoin in a downtrend. Even with a quick recovery during the day, the cryptocurrency became one of the main subjects among economists and crypto-active experts, who, despite the fall, highlight the long-term value of bitcoin.

The drop in the price of bitcoin in recent months is a response to a number of factors in the current market moment, with emphasis on the Chinese government’s contrary stance on cryptocurrency mining and, to comments from big names in the financial market. The hunt for bitcoin miners in China and statements by Michael Burry, the investor who inspired the movie The Big Bet, about excessive leverage in the crypto market are negatively impacting prices.

These factors, such as bans in China and pessimistic comments a possible market crash, are nothing new for cryptoactive investors, who should keep their focus on the long term.

If the price had not risen so sharply since the end of last year, there would be less concern about this fall.
From a more technical perspective, Ki Young Ju, CEO of data analysis firm CryptoQuant, has shown that the market’s current momentum is indeed uncertain and, because of this, deserves increased attention until its direction becomes clearer.

“The market is very uncertain at the moment. We are in a neutral range now. Stop the trades, be patient and wait for the next volatility,” CryptoQuant’s CEO posted on Twitter. Despite this, Ki Young Ju commented that its duration should not be long, pointing out that “the market is still positive in terms of supply and demand in the long term.” So we see it’s too early to say  Bitcoin in a downtrend.

According to experts, a drop of this magnitude is not likely to happen again, mainly because of the entry of large investors into the market, who may see the current moment as a buying opportunity for the long term.

Every bank is working on its own crypto-active related project and how to offer bitcoin to its wealthy customers.
Glimpsing the opportunity to increase their position in bitcoin by paying less for the cryptoactive, several companies have made large bitcoin purchases during the downturn, such as MicroStrategy. Headed by Michael Saylor, the company focused on enterprise software development, announced on Monday, 21, the purchase of an additional 13,005 bitcoins for $489 million, which brought the company to over 100,000 bitcoins in its possession.

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MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

The Congress of El Salvador approved, early this Wednesday, the 9th of the law that classifies bitcoin as a legal tender in the country. The decision makes El Salvador is the first country to adopt bitcoin as its official currency.

Salvadoran President Nayib Bukele announced the plan last weekend and is expected to enact the law this Wednesday morning. The idea, according to him, is to increase the dynamism of the economy and make the country more attractive to investors.

“The ‘Bitcoin Law’ was recently passed by the Legislative Assembly with a qualified majority. 62 out of 84 people voted! It’s all in the past! “, the president exulted. “This is a legislation that will place El Salvador on the map, and we’ll be more appealing to global business,” said Congressman Romeo Auerbach, a Bukele supporter.

Anabel Belloso, from the opposition, who voted against the project, lamented that the law “has not been discussed with specialists, nor with patience”: “The law has many implications in the economic sphere and not everyone knows how this will work, leading to considering that cryptocurrencies are volatile in the market, they are unstable,” he said.

With the new law, bitcoin must be accepted as a form of payment by “any economic agent” in the country, excluding those who “It is a well-known truth that they do not have access to the tools that allow them to conduct bitcoin transactions.” Part of country’s population is excited for El Salvador is the first country to adopt bitcoin as its official currency .

For accounting purposes, the US dollar, the official currency of El Salvador, will be used as a reference, but the text states that the bitcoin exchange rate “will be freely established by the market” and that the State will provide alternatives for “automatic and instantaneous conversion between the bitcoin and the dollar” for those who prefer it that way.

According to Bukele, giving bitcoin the status of legal tender in the country aims to generate jobs and increase “financial inclusion for thousands of people outside the formal economy” – according to the president, 70% of the population of El Salvador is currently unbanked.

In addition, the Salvadoran president also said that bitcoin could make it easier for Salvadorans living abroad to send money to friends and family in the country.

Currently, El Salvador’s economy is heavily dependent on remittances sent from other parts of the world, which represent more than 20% of GDP. Data show that more than two million Salvadorans living abroad send around 5 billion dollars  each year to their home country, that is the first country to adopt bitcoin as its official currency.

Providers of this type of service charge high fees and operations take days to be carried out. With bitcoin, the cost and timeframe for these transactions would be reduced considerably: “This will improve the lives and futures of millions,” predicts Bukele.

Market Place

MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

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When Bitcoin price is rising, gaining over 40 per cent in value in just over three weeks our cryptocurrency expert Bob Loukas, has provided a key trading tips. As the founder of Bitcoin.Live, the educational cryptocurrency platform for traders, Bob believes that this might be the end crypto distrust, and invites traders to utilize this spike and give trading a go.

1. Trade the Trend

“The trend is your friend” may be the most widely used truism in investing…and it’s directly applicable to the study of Cycles. With Cycles, we attempt to identify significant Lows that mark the start of new trends. If you always trade with the trend and never trade against it, you’ll significantly increase your odds of trading success. The most important of all trading tips.

Trading a trend with Cycles is fairly straightforward in concept – if a longer-term Cycle is moving up, buy the troughs of a shorter Cycle; if a longer-term Cycle is moving down; sell the tops of a shorter Cycle.

2.  Work for Optimal Trade Entries

Optimal trade entries are those that occur when the underlying asset is finding its Investor Cycle Low.  These lows occur 2-3 times per year, generally after frightening drops, and most often in concert with major, trend-changing events. Trade entries at these lows typically have strong risk/reward profiles.

3.  Stop Losses

Another trading tip: each position must have a stop loss. Know when to cut your losses and never be afraid of missing a rally. If the position is going against you, get out and regroup. Leaving a trade with a small loss is easy but allowing a small loss to balloon into a large one is inexcusable and sets the scene for a catastrophic loss in a portfolio. Too many investors stubbornly hold onto losing positions rather than admit that price did not move as they thought it would.

4.  Protect Capital First…Then Worry about Winning Trades

A natural extension of #3, protecting capital is the single most important step in wealth management.  All the winning trades and associated gains are worthless if you give them all back through a few lousy portfolio-busting trades.

Avoiding losses is about letting go of the idea that each trade must be a winner. Once you understand that you won’t, can’t and don’t need to win every trade – and that missing a rally is just fine – you’ll be able to exit trades without regret while losses are still small. And if you ensure that your losses are small, you can be successful with only modest winning trades.

5.  Position Sizing

Keep your positions in check relative to your overall portfolio size.  Learn to fully understand each trade, especially its setup and probability of success. Since no two trades are alike, you should adjust your position size according to the risk/reward profile of each trade. Also, be sure to track your trading results – when you’re doing well you can be more aggressive and when results have been mixed, you should trade more modestly.

6.  Leverage and Options

Unless you’re a true expert, avoid significant leverage.  The only times you should consider leverage or options are at the beginning of new Secular or Investor Cycles. This is because the odds of success are the greatest at these key Cycle Lows. Plus, a nearby Cycle low offers a tight stop.

7.  Investing with a Plan

Trading without a plan is a proven losing strategy.  Whether you follow the Market Cycles via The Financial Tap or some other system, you must always have a plan in place which includes trade size, conditions for entering a trade, and reasons for exiting a trade.  Think through them all in advance so that, no matter the market conditions, you’ll know how to respond. Also make sure to ask yourself some key questions: “Why am I buying/selling here? Does this fit my plan/strategy? Am I likely to question the trade (for non-plan compliance) in the future?”

Trades go against investors all the time, even when the trades were entered via a well-defined strategy and according to a preset plan. Losing trades are normal – they are the price of trading. Losses provide you with the opportunity to tweak your strategy and improve your plan.

8.  Treat Investing Like a Business

One of the most important trading tips is that. In order to be successful, one must approach trading and investing as a business and not as a hobby. Investing should be one of the most important aspects of your life, right after spirituality, family, relationships, and personal healthcare.  You’ve likely spent years working to earn your wealth; you need to treat your wealth with the respect it deserves.

Understand what you’re investing in, why you’re investing, and what your expectations should be.  Never solely rely on an online service, advisor, index fund, or wealth manager.  Take control of your personal financial future, get educated, and understand where every dollar of your wealth is invested.

9. Don’t Force a Trade – Wait For an Optimal Trade Setup

Even the most experienced investors have to fight the urge to trade unnecessarily.  For a variety of reasons, investors generally overtrade…and thereby greatly diminish their overall returns. That’s why this trading tip is so important.

It’s better to wait for an optimal trade setup – one that fits your trading plan; These trades have much greater probability of success than trades taken impulsively. Over time, taking higher probability trades will provide a much higher winning percentage and far greater portfolio returns.

10.  Trade within Your Means

Trading is as much about avoiding significant losses as it is making gains. Significant losses are difficult to overcome and can directly affect your quality of life.  There are NO shortcuts to financial success and the freedom it affords. Success in the markets must be earned.  Only trade with money that you can comfortably lose. Never trade with borrowed money (credit cards/line of equity/margin), have patience, and be realistic with your expectations. Hope you have enjoyed those trading tips.

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Despite China’s ban on digital asset investment, a news report that crypto trading remains active across the country. Chinese investors have found access to cryptocurrency products through its neighbour Hong Kong and off-shore exchanges, according to specialized site 8btc.com.

Mainland investors, those whom the ban policy affected the most, have relied on their trading enterprises through and “have been able to circumvent a ban on crypto trading through the utilization of VPNs and stable coins such as Tether (USDT), to trade cryptocurrencies on global exchanges,” said Joseph Young reporting a Hong Kong-based publication South China Morning Post released on September 8.

Another source, this time from Shanghai-based cryptocurrency startup InVault CEO Kenneth Xu, confirmed what was published by the SCM and has settled that chinese investors from inland remain active while relying on offshore exchanges and operators, most of them based in Hong Kong, to purchase cryptocurrencies like bitcoin and Ethereum.

In fact, in Hong Kong, it is relatively simple for businesses and individuals to create shell companies to obtain bank accounts that are completely independent of cryptocurrency exchanges. “Hence, even if the government had pivoted its crackdown on overseas savings accounts to crypto trading, it would have to evaluate the trail of funds from Chinese bank accounts to Hong Kong shell accounts to local exchanges,” pointed out Joseph Young.

Chinese government has been very strict on what can be traded or not within their frontiers and have passed through some severe regulations to stop the growing crypto-trading. In July, the People’s Bank of China (PBoC) appeared buoyant about its ban policy reducing China’s cryptocurrency trading to less than one percent of global volume.

After that, the government started to chase and close exchanges operating within Chinese territories, they even went after those who were settled off-shore. In an interview with SCMP, Hong Kong and Taiwan-based digital asset exchange executive Terence Tsang said that the tightening of regulations by the government was targeted at exchanges that pretended to be based outside of China but were actually operating inside the country, which is very important for chinese investors.

“The latest warning and potentially increased monitoring of foreign platforms is targeted at a batch of smaller exchanges that had claimed to be foreign entities, but are in fact operating in China claiming they have outsourced their operations to a Chinese company,” Tsang said.

To eliminate the possibility of exchanges operating in mainland, the government requested Alipay, the largest fintech network in the world valued at more than $60 billion, to suspend or block accounts suspected to be connected to cryptocurrency exchanges. After that, on August 23, the government reported to have blocked 124 offshore exchanges

The move came the same week as Beijing forbade venues including hotels, shopping malls, and offices from promoting or hosting events supporting cryptocurrency. A separate ban governing eight crypto media outlets has also come into effect, Bitcoinist reported.

According to Shanghai Securities News, central authorities “will also continue to monitor and shut down domestic websites related to cryptocurrency trades and initial coin offerings (ICOs), and ban payment services from accepting cryptocurrencies, including bitcoin.”

Still, the government is struggling to completely ban out trading in offshore markets, especially in Hong Kong. In theory, local financial authorities could engage with commercial banks and evaluate every suspicious wire transfer made from China to neighbouring countries.

The government has made it as uncomfortable and uneasy as possible for  investors to allocate their holdings in yuan and other assets into cryptocurrencies. But, it has proven to be difficult to outright ban cryptocurrency trading.

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Bitcoin will lose 50 per cent of its cryptocurrency market share to Ethereum within five years, states an influential tech expert and business analyst. For his opinion Ethereum will end up overtaking Bitcoin.

The comments from Ian Mcloed, from Thomas Crown Art, the world’s leading art-tech agency that he established with renowned art dealer, Stephen Howes, comes as Ethereum, the world’s second-largest cryptocurrency by market cap, began a price recovery on Friday after being hit hard with a major sell-off in recent weeks.

Bitcoin – the biggest digital currency – had also been in decline, but it bounced back quicker than its nearest competitor.

Indeed, Ethereum had crashed 85 per cent overall this year.

However, Ethereum is regained ground late last week, jumping almost 14 per cent after its most recent plunge, only find itself trading again 10 per cent lower once more in the past 24 hours.

What is happening? And what does the future hold for Ethereum?

Mr Mcloed observes: “Turbulence is a regular, and sometimes welcome, feature of the crypto sector.  Therefore, the Ethereum rebound was, and is, inevitable. 

“But not only do we think it will rebound considerably before the end of 2018, I believe that over the longer time it will significantly dent Bitcoin’s dominance.

“In fact, I think we can expect Bitcoin to lose 50 per cent of its cryptocurrency market share to Ethereum, its nearest rival, within five years.”

Why is he so confident?

“Simply, Ethereum offers more uses and solutions than Bitcoin, and it’s backed with superior blockchain technology” says Mr Mcloed.

“This is why we use Ethereum’s blockchain in our art business.  It has allowed us to create a system to use artworks as a literal store of value; it becomes a cryptocurrency wallet.  

“It also solves authenticity and provenance issues – essential in the world of art.  All our works of art are logged on the Ethereum’s blockchain with a unique ‘smart’ contract.”

Last month, Stephen Howes explained: “Using this cutting-edge technology, the art world can eradicate one of its biggest and most expensive problems – forgery – and can protect artists, galleries, and private owners and collectors.”

Ian Mcloed concludes: “Whilst there will continue to be peaks and troughs in the wider cryptocurrency market, due to its inherent strong core values, Ethereum will steadily increase in value in the next few years and beyond.

“Unless Bitcoin does more now to tackle scalability issues, and improves the technology it runs on, we cannot see how it can catch up with Ethereum over the next five years or so, when the crypto market will be even more mainstream.

Again, is means Ethereum will end up overtaking Bitcoin: “Ethereum is already light years ahead of Bitcoin in everything but price – and this gap will become increasingly apparent as more and more investors jump into crypto. ”

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After managing to recover part of the losses from Wednesday’s downfall, Bitcoin falls sharply again early Friday afternoon (21) after the State Council of China issued a note on a discussion to crack down on mining and cryptocurrency trading in the country.

At 16:30 (London time), Bitcoin was down 9.8% in the accumulated 24-hour period, quoted at US$ 37,706. The cryptocurrency lost more than US$ 4,000 in value in about half an hour after the news.

In a statement by Chinese Vice Premier Liu He and the State Council, officials said stricter regulation is needed to protect the financial system. This was the first time that a high government body discussed the matter.

The statement, released on Friday night in China time, said it was necessary to “crack down on mining and bitcoin trading and prevent the transmission of individual risks to the social field”.

Bitcoin falls a day after American authorities promised to be tough on those who use Bitcoin to carry out “illegal activities, including tax evasion”. The Treasury Department has said it will require reports on crypto trades in excess of US$ 10,000, just as it does with cash.

China, on the other hand, shows a concern with several other issues. “It is necessary to keep the stock, debt and foreign exchange markets going smoothly, to severely repress illegal securities activities and to severely punish illegal financial activities,” the statement said.

Chinese officials said stricter regulation is needed to protect the country’s financial system in the face of the fall of Bitcoin

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Mark Ward, head of trading at Sanlam UK, said: “What a Bitcoin (and its rivals) is, can be thought of just as virtual money, used to buy and sell items, as you would in a shop with a five pound note – they are simply a means of exchange – it allows barter to occur online, in a virtually fraud-proof way. Whereas a central bank stands behind and stabilises traditional currencies (in the past one could exchange notes for gold should you ask the Bank of England, and UK bank notes still contain a “promise to pay the bearer” from the UK government itself), there is no bank, corporation or government acting as a backbone to Bitcoin. This is why the value of cryptocurrencies are so volatile – its value derives from the confidence in the market that tomorrow, the Bitcoin will not be worthless, and it help us to understand why Bitcoin is a commodity.

“Bitcoin is not truly a currency, at least not yet, and is best thought of perhaps as a commodity. The Dutch Tulip Mania in the 1600’s saw the price of a special type of tulip bulb rise to more than the cost of a house with an acre of land in the Netherlands, yet the intrinsic value and usefulness remained essentially nothing. But, as with cryptocurrencies, if people decide something has value, then it has value, and only time will tell if Bitcoin is another tulip-mania in the digital world, or will deliver on its promise to displace central banks and hard cash as the primary means of exchange in the future.

“One question that we often get asked at Sanlam is – “I don’t know how to mine Bitcoin, I don’t actually want to use it as currency, but I want exposure to it”. The easiest way to gain exposure to Bitcoin would be via an Exchange Traded Fund (ETF). That said we do not recommend Bitcoin as part of an investment strategy, as it has many characteristics of a bubble and something that we view as purely speculative.

“As for the future of crypto-currency, it largely comes down to three factors: whether or not Central Banks and governments release their own versions and make them the only legal tender, on indeed officially endorse a crypto-currency like Bitcoin, whether or not transaction processing speeds up from the current average of four days, and if the price volatility can be stabilised.

“Whether Bitcoin falls to near-zero like the aforementioned tulip, continues to rise like diamonds have over the past century, or simply holds steady once the market finds the level it can tolerate, is anyone’s guess at the moment, but it is certainly one to watch as it becomes better understood by the mainstream.” That opinion show us that Bitcoin is a commodity

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Emerging as a new online currency and a most suitable option for trading, Bitcoin is an anonymous, peer-to-peer, electronic payments system, and it is important to see it in a currency converter. Created in 2009, the Bitcoin network was originally intended to offer a means of payment through a peer-to-peer version of electronic cash. The idea was to enable online payments to be sent directly from one party to another thus bypassing financial institutions altogether. Bitcoin  today is a currency trading platform in which digitally signed bitcoins are sold and purchased at a variable price of the currency. Generally 1 BTC is traded between $100 and $260.

Now highly regarded as mainstream due to recent economic woes, even major forex players are getting in on the act. Forex broker OANDA  announced yesterday that it has added bitcoin into its currency converter, via a blog posting by VP of Trading, Courtney Gibson. Gibson states “We recently added Bitcoin to the OANDA Currency Converter. We admire it as an interesting experiment in financial innovation and, because we’re financial innovators too, we share the excitement such disruptive technologies can bring to mature industries and markets.”  

Oanda states that Bitcoin appealed to their sense of great customer service. ‘Now, anyone who wants to calculate the conversion of currencies (or gold and silver) into Bitcoin can use OANDA’s popular converter as their tool of choice’ So thats the good news. The blog posting was quick to point out that “Despite the increased awareness around the cyber currency, OANDA has no plans at this time to introduce Bitcoin as a tradeable currency to OANDA’s fxTrade platform, or to accept Bitcoin as a method for funding fxTrade accounts. By adding Bitcoin to our Currency Converter, we are acknowledging – in a very real way – the wide-ranging interest Bitcoin has generated as a virtual payment system.”

Thus far, with the exception of of IG’s bitcoin binary product launched last week, major forex brokers have yet to offer major bitcoin offerings due perhaps to uncertainty or monitoring for stability which will only come when trade volume (on the USD/other fiat side) increases, and network infrastructure improvements can be addressed.

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MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

For years, bitcoin was touted to be the preferred currency of criminals. A world that was devoid of proper authority, filled with weak points where hackers could waltz in and take whatever they wanted. Said to be worthless, unsafe, and unregulated. Fast forward a bit, to around 2017 when public adoption was on the rise, and bitcoin became a “fad”, just another bubble, unlikely to pan out or provide any real investment potential. 

Frankly, none of this wears true of bitcoin then, and it’s certainly not true of bitcoin now. However, these classic arguments, put forward by bitcoins most vocal detractors do describe a financial system. Unfortunately, it’s the one backing our governments, paying our bills, and being used by us every single day. Even a novice bitcoin user could tell you that exchanges like Bitvavo are exceptionally secure. They’re quick and easy to use. They’ll never cause a global financial crisis, and in fact can function as an attractive hedge should fiat fail completely. They’re available for business 24/7, and possibly greatest of all- anyone can use it. 

It’s always good to remember that when making payments with Bitcoin, we need reliable payment and invoice tracking services. Many companies offer this service with excellent quality, such as https://www.zintego.com.

Central Banks vs. Bitcoin

Speaking frankly, bitcoin is probably more safe than traditional financial options because it is free of one commonality. An eventuality that will degrade the goodness of near any medium it’s applied: the power of greed. While bitcoin is absolutely used as a medium in which to increase gains and bolster portfolios, but because of its decentralized nature, the whims of powerful individuals are largely left outside of the regulatory and functional aspects of the digital asset. 

The usefulness, and the inherent safety, of this decentralized structure can be easily distinguished when you look at centralized banking structures and digital currencies side by side. Despite a well-known, and largely explicit, history of less-than-toward banking practices; despite a fiat based on nearly as much physical worth as bitcoin itself- many still trust these legacy institutions. Why? Well, for one- digital currencies can be confusing. 

Transactions 

Despite the multitude of intricacies that go into making one transaction at your local bank, it’s something that the major majority of the well banked world is supremely familiar with. Even if it’s simply on a superficial level. Depending on what country you’re hoping to originate your bank-to-bank transfer in, and consequently where you want your transaction to terminate, bank transfers are relatively simple. 

You choose an account to either send money to, or take money from, give this number to the other participating party. Personally, identifying information and amounts exchanged, the transaction goes through your bank’s digital network. After putting a hold on the funds that will be withdrawn, your bank turns toward its IT system. If your bank exists within the same network as the bank you’re transacting with, the procedure is relatively quick, mostly safe, and fairly inexpensive. Should you require your bank to go outside of their network, transactions can become prolonged, expensive, and more dangerous. Exposing users to fraud, scams, and exposure of their personally identifying information. 

Bitcoin is a truly global banking system, where sending money to the most unusual places is still secure, relatively inexpensive, and nearly instant. Otherwise, transaction processes between banks and bitcoin work somewhat similarly. Instead of your name, address, bank account number, and sorting code however- all you send is a public key, comprised of a series of numbers and letters, that is associated with your wallet address. This particular key can never be used to withdraw funds from your wallet, only to identify where it is. In order to actually send or receive funds, bitcoin users must privately “sign” a bitcoin transaction with their private key. A piece of information that you share with no one. 

Safety 

These public and private keys are one of the things that helps keep bitcoin safe. When transacting digital currencies, it’s just not necessary to share personally identifying details like your address or social security number. So, the likelihood of this information becoming public is exceptionally slim. Unlike the centralized banking system, as many have been the victims of identity fraud thanks to the outmoded practices used by many banks. 

Bitcoin is also safe from inflationary practice, as the coin relies on an economic principle called “artificial scarcity” to derive its value. This means that a finite amount of bitcoin is in existence, and only that amount will ever exist. No more can ever be created. So, the crypto relies on the models of supply and demand to hold its value. Fiat, on the other hand, can essentially be printed at any time a government deems it necessary, which can cause some serious problems for consumers. As seen in the hyper inflated financial landscape of Argentina, or the 2008 housing market bubble and crash. 

Bitcoin is also safe because it’s transparent. Centralized banks buy debt, create debt, and essentially make money off of using your own- in ways that you’re unlikely to ever see, as it is rare for a bank to open up their books to the public. Bitcoin uses a distributed ledger technology called blockchain. The blockchain is a public record of every transaction that has ever been made on the bitcoin network. While these transactions can be viewed, they cannot be reproduced or altered once they are added to the blockchain. Creating a self-sustaining environment of transparency. Miners (those computers that verify and add the transactions) are rewarded in freshly minted bitcoin and transaction fees, but no further money can be made, so there is no financial incentive to engage in risky monetary practice- nor is it even possible.

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Market Place

MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.