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Where is Bitcoin Going and When?

Where is Bitcoin Going and When?

The Federal Reserve and the United States government are pumping extreme amounts of money into the economy, already totaling over $484 billion. They are doing so because it already had a goal to inflate the United States Dollar (USD) so that the market can continue to all-time highs. It has always had this goal. They do not care how much inflation goes up by now as we are going into a depression with the potential to totally crash the US economy forever. They believe the only way to save the market from going to zero or negative values is to inflate it so much that it cannot possibly crash that low. Even if the market does not dip that low, inflation serves the interest of powerful people.
The impending crash of the stock market has ramifications for Bitcoin, as, though there is no direct ongoing-correlation between the two, major movements in traditional markets will necessarily affect Bitcoin. According to the Blockchain Center’s Cryptocurrency Correlation Tool, Bitcoin is not correlated with the stock market. However, when major market movements occur, they send ripples throughout the financial ecosystem which necessary affect even ordinarily uncorrelated assets.
Therefore, Bitcoin will reach X price on X date after crashing to a price of X by X date.

Stock Market Crash

The Federal Reserve has caused some serious consternation with their release of ridiculous amounts of money in an attempt to buoy the economy. At face value, it does not seem to have any rationale or logic behind it other than keeping the economy afloat long enough for individuals to profit financially and politically. However, there is an underlying basis to what is going on which is important to understand in order to profit financially.
All markets are functionally price probing systems. They constantly undergo a price-discovery process. In a fiat system, money is an illusory and a fundamentally synthetic instrument with no intrinsic value – similar to Bitcoin. The primary difference between Bitcoin is the underlying technology which provides a slew of benefits that fiat does not. Fiat, however, has an advantage in being able to have the support of powerful nation-states which can use their might to insure the currency’s prosperity.
Traditional stock markets are composed of indices (pl. of index). Indices are non-trading market instruments which are essentially summaries of business values which comprise them. They are continuously recalculated throughout a trading day, and sometimes reflected through tradable instruments such as Exchange Traded Funds or Futures. Indices are weighted by market capitalizations of various businesses.
Price theory essentially states that when a market fails to take out a new low in a given range, it will have an objective to take out the high. When a market fails to take out a new high, it has an objective to make a new low. This is why price-time charts go up and down, as it does this on a second-by-second, minute-by-minute, day-by-day, and even century-by-century basis. Therefore, market indices will always return to some type of bull market as, once a true low is formed, the market will have a price objective to take out a new high outside of its’ given range – which is an all-time high. Instruments can only functionally fall to zero, whereas they can grow infinitely.
So, why inflate the economy so much?
Deflation is disastrous for central banks and markets as it raises the possibility of producing an overall price objective of zero or negative values. Therefore, under a fractional reserve system with a fiat currency managed by a central bank – the goal of the central bank is to depreciate the currency. The dollar is manipulated constantly with the intention of depreciating its’ value.
Central banks have a goal of continued inflated fiat values. They tend to ordinarily contain it at less than ten percent (10%) per annum in order for the psyche of the general populace to slowly adjust price increases. As such, the markets are divorced from any other logic. Economic policy is the maintenance of human egos, not catering to fundamental analysis. Gross Domestic Product (GDP) growth is well-known not to be a measure of actual growth or output. It is a measure of increase in dollars processed. Banks seek to produce raising numbers which make society feel like it is growing economically, making people optimistic. To do so, the currency is inflated, though inflation itself does not actually increase growth. When society is optimistic, it spends and engages in business – resulting in actual growth. It also encourages people to take on credit and debts, creating more fictional fiat.
Inflation is necessary for markets to continue to reach new heights, generating positive emotional responses from the populace, encouraging spending, encouraging debt intake, further inflating the currency, and increasing the sale of government bonds. The fiat system only survives by generating more imaginary money on a regular basis.
Bitcoin investors may profit from this by realizing that stock investors as a whole always stand to profit from the market so long as it is managed by a central bank and does not collapse entirely. If those elements are filled, it has an unending price objective to raise to new heights. It also allows us to realize that this response indicates that the higher-ups believe that the economy could crash in entirety, and it may be wise for investors to have multiple well-thought-out exit strategies.

Economic Analysis of Bitcoin

The reason why the Fed is so aggressively inflating the economy is due to fears that it will collapse forever or never rebound. As such, coupled with a global depression, a huge demand will appear for a reserve currency which is fundamentally different than the previous system. Bitcoin, though a currency or asset, is also a market. It also undergoes a constant price-probing process. Unlike traditional markets, Bitcoin has the exact opposite goal. Bitcoin seeks to appreciate in value and not depreciate. This has a quite different affect in that Bitcoin could potentially become worthless and have a price objective of zero.
Bitcoin was created in 2008 by a now famous mysterious figure known as Satoshi Nakamoto and its’ open source code was released in 2009. It was the first decentralized cryptocurrency to utilize a novel protocol known as the blockchain. Up to one megabyte of data may be sent with each transaction. It is decentralized, anonymous, transparent, easy to set-up, and provides myriad other benefits. Bitcoin is not backed up by anything other than its’ own technology.
Bitcoin is can never be expected to collapse as a framework, even were it to become worthless. The stock market has the potential to collapse in entirety, whereas, as long as the internet exists, Bitcoin will be a functional system with a self-authenticating framework. That capacity to persist regardless of the actual price of Bitcoin and the deflationary nature of Bitcoin means that it has something which fiat does not – inherent value.
Bitcoin is based on a distributed database known as the “blockchain.” Blockchains are essentially decentralized virtual ledger books, replete with pages known as “blocks.” Each page in a ledger is composed of paragraph entries, which are the actual transactions in the block.
Blockchains store information in the form of numerical transactions, which are just numbers. We can consider these numbers digital assets, such as Bitcoin. The data in a blockchain is immutable and recorded only by consensus-based algorithms. Bitcoin is cryptographic and all transactions are direct, without intermediary, peer-to-peer.
Bitcoin does not require trust in a central bank. It requires trust on the technology behind it, which is open-source and may be evaluated by anyone at any time. Furthermore, it is impossible to manipulate as doing so would require all of the nodes in the network to be hacked at once – unlike the stock market which is manipulated by the government and “Market Makers”. Bitcoin is also private in that, though the ledge is openly distributed, it is encrypted. Bitcoin’s blockchain has one of the greatest redundancy and information disaster recovery systems ever developed.
Bitcoin has a distributed governance model in that it is controlled by its’ users. There is no need to trust a payment processor or bank, or even to pay fees to such entities. There are also no third-party fees for transaction processing. As the ledge is immutable and transparent it is never possible to change it – the data on the blockchain is permanent. The system is not easily susceptible to attacks as it is widely distributed. Furthermore, as users of Bitcoin have their private keys assigned to their transactions, they are virtually impossible to fake. No lengthy verification, reconciliation, nor clearing process exists with Bitcoin.
Bitcoin is based on a proof-of-work algorithm. Every transaction on the network has an associated mathetical “puzzle”. Computers known as miners compete to solve the complex cryptographic hash algorithm that comprises that puzzle. The solution is proof that the miner engaged in sufficient work. The puzzle is known as a nonce, a number used only once. There is only one major nonce at a time and it issues 12.5 Bitcoin. Once it is solved, the fact that the nonce has been solved is made public.
A block is mined on average of once every ten minutes. However, the blockchain checks every 2,016,000 minutes (approximately four years) if 201,600 blocks were mined. If it was faster, it increases difficulty by half, thereby deflating Bitcoin. If it was slower, it decreases, thereby inflating Bitcoin. It will continue to do this until zero Bitcoin are issued, projected at the year 2140. On the twelfth of May, 2020, the blockchain will halve the amount of Bitcoin issued when each nonce is guessed. When Bitcoin was first created, fifty were issued per block as a reward to miners. 6.25 BTC will be issued from that point on once each nonce is solved.
Unlike fiat, Bitcoin is a deflationary currency. As BTC becomes scarcer, demand for it will increase, also raising the price. In this, BTC is similar to gold. It is predictable in its’ output, unlike the USD, as it is based on a programmed supply. We can predict BTC’s deflation and inflation almost exactly, if not exactly. Only 21 million BTC will ever be produced, unless the entire network concedes to change the protocol – which is highly unlikely.
Some of the drawbacks to BTC include congestion. At peak congestion, it may take an entire day to process a Bitcoin transaction as only three to five transactions may be processed per second. Receiving priority on a payment may cost up to the equivalent of twenty dollars ($20). Bitcoin mining consumes enough energy in one day to power a single-family home for an entire week.

Trading or Investing?

The fundamental divide in trading revolves around the question of market structure. Many feel that the market operates totally randomly and its’ behavior cannot be predicted. For the purposes of this article, we will assume that the market has a structure, but that that structure is not perfect. That market structure naturally generates chart patterns as the market records prices in time. In order to determine when the stock market will crash, causing a major decline in BTC price, we will analyze an instrument, an exchange traded fund, which represents an index, as opposed to a particular stock. The price patterns of the various stocks in an index are effectively smoothed out. In doing so, a more technical picture arises. Perhaps the most popular of these is the SPDR S&P Standard and Poor 500 Exchange Traded Fund ($SPY).
In trading, little to no concern is given about value of underlying asset. We are concerned primarily about liquidity and trading ranges, which are the amount of value fluctuating on a short-term basis, as measured by volatility-implied trading ranges. Fundamental analysis plays a role, however markets often do not react to real-world factors in a logical fashion. Therefore, fundamental analysis is more appropriate for long-term investing.
The fundamental derivatives of a chart are time (x-axis) and price (y-axis). The primary technical indicator is price, as everything else is lagging in the past. Price represents current asking price and incorrectly implementing positions based on price is one of the biggest trading errors.
Markets and currencies ordinarily have noise, their tendency to back-and-fill, which must be filtered out for true pattern recognition. That noise does have a utility, however, in allowing traders second chances to enter favorable positions at slightly less favorable entry points. When you have any market with enough liquidity for historical data to record a pattern, then a structure can be divined. The market probes prices as part of an ongoing price-discovery process. Market technicians must sometimes look outside of the technical realm and use visual inspection to ascertain the relevance of certain patterns, using a qualitative eye that recognizes the underlying quantitative nature
Markets and instruments rise slower than they correct, however they rise much more than they fall. In the same vein, instruments can only fall to having no worth, whereas they could theoretically grow infinitely and have continued to grow over time. Money in a fiat system is illusory. It is a fundamentally synthetic instrument which has no intrinsic value. Hence, the recent seemingly illogical fluctuations in the market.
According to trade theory, the unending purpose of a market or instrument is to create and break price ranges according to the laws of supply and demand. We must determine when to trade based on each market inflection point as defined in price and in time as opposed to abandoning the trend (as the contrarian trading in this sub often does). Time and Price symmetry must be used to be in accordance with the trend. When coupled with a favorable risk to reward ratio, the ability to stay in the market for most of the defined time period, and adherence to risk management rules; the trader has a solid methodology for achieving considerable gains.
We will engage in a longer term market-oriented analysis to avoid any time-focused pressure. The Bitcoin market is open twenty-four-hours a day, so trading may be done when the individual is ready, without any pressing need to be constantly alert. Let alone, we can safely project months in advance with relatively high accuracy. Bitcoin is an asset which an individual can both trade and invest, however this article will be focused on trading due to the wide volatility in BTC prices over the short-term.

Technical Indicator Analysis of Bitcoin

Technical indicators are often considered self-fulfilling prophecies due to mass-market psychology gravitating towards certain common numbers yielded from them. They are also often discounted when it comes to BTC. That means a trader must be especially aware of these numbers as they can prognosticate market movements. Often, they are meaningless in the larger picture of things.
  • Volume – derived from the market itself, it is mostly irrelevant. The major problem with volume for stocks is that the US market open causes tremendous volume surges eradicating any intrinsic volume analysis. This does not occur with BTC, as it is open twenty-four-seven. At major highs and lows, the market is typically anemic. Most traders are not active at terminal discretes (peaks and troughs) because of levels of fear. Volume allows us confidence in time and price symmetry market inflection points, if we observe low volume at a foretold range of values. We can rationalize that an absolute discrete is usually only discovered and anticipated by very few traders. As the general market realizes it, a herd mentality will push the market in the direction favorable to defending it. Volume is also useful for swing trading, as chances for swing’s validity increases if an increase in volume is seen on and after the swing’s activation. Volume is steadily decreasing. Lows and highs are reached when volume is lower.
Therefore, due to the relatively high volume on the 12th of March, we can safely determine that a low for BTC was not reached.
  • VIX – Volatility Index, this technical indicator indicates level of fear by the amount of options-based “insurance” in portfolios. A low VIX environment, less than 20 for the S&P index, indicates a stable market with a possible uptrend. A high VIX, over 20, indicates a possible downtrend. VIX is essentially useless for BTC as BTC-based options do not exist. It allows us to predict the market low for $SPY, which will have an indirect impact on BTC in the short term, likely leading to the yearly low. However, it is equally important to see how VIX is changing over time, if it is decreasing or increasing, as that indicates increasing or decreasing fear. Low volatility allows high leverage without risk or rest. Occasionally, markets do rise with high VIX.
As VIX is unusually high, in the forties, we can be confident that a downtrend for the S&P 500 is imminent.
  • RSI (Relative Strength Index): The most important technical indicator, useful for determining highs and lows when time symmetry is not availing itself. Sometimes analysis of RSI can conflict in different time frames, easiest way to use it is when it is at extremes – either under 30 or over 70. Extremes can be used for filtering highs or lows based on time-and-price window calculations. Highly instructive as to major corrective clues and indicative of continued directional movement. Must determine if longer-term RSI values find support at same values as before. It is currently at 73.56.
  • Secondly, RSI may be used as a high or low filter, to observe the level that short-term RSI reaches in counter-trend corrections. Repetitions based on market movements based on RSI determine how long a trade should be held onto. Once a short term RSI reaches an extreme and stay there, the other RSI’s should gradually reach the same extremes. Once all RSI’s are at extreme highs, a trend confirmation should occur and RSI’s should drop to their midpoint.

Trend Definition Analysis of Bitcoin

Trend definition is highly powerful, cannot be understated. Knowledge of trend logic is enough to be a profitable trader, yet defining a trend is an arduous process. Multiple trends coexist across multiple time frames and across multiple market sectors. Like time structure, it makes the underlying price of the instrument irrelevant. Trend definitions cannot determine the validity of newly formed discretes. Trend becomes apparent when trades based in counter-trend inflection points continue to fail.
Downtrends are defined as an instrument making lower lows and lower highs that are recurrent, additive, qualified swing setups. Downtrends for all instruments are similar, except forex. They are fast and complete much quicker than uptrends. An average downtrend is 18 months, something which we will return to. An uptrend inception occurs when an instrument reaches a point where it fails to make a new low, then that low will be tested. After that, the instrument will either have a deep range retracement or it may take out the low slightly, resulting in a double-bottom. A swing must eventually form.
A simple way to roughly determine trend is to attempt to draw a line from three tops going upwards (uptrend) or a line from three bottoms going downwards (downtrend). It is not possible to correctly draw a downtrend line on the BTC chart, but it is possible to correctly draw an uptrend – indicating that the overall trend is downwards. The only mitigating factor is the impending stock market crash.

Time Symmetry Analysis of Bitcoin

Time is the movement from the past through the present into the future. It is a measurement in quantified intervals. In many ways, our perception of it is a human construct. It is more powerful than price as time may be utilized for a trade regardless of the market inflection point’s price. Were it possible to perfectly understand time, price would be totally irrelevant due to the predictive certainty time affords. Time structure is easier to learn than price, but much more difficult to apply with any accuracy. It is the hardest aspect of trading to learn, but also the most rewarding.
Humans do not have the ability to recognize every time window, however the ability to define market inflection points in terms of time is the single most powerful trading edge. Regardless, price should not be abandoned for time alone. Time structure analysis It is inherently flawed, as such the markets have a fail-safe, which is Price Structure. Even though Time is much more powerful, Price Structure should never be completely ignored. Time is the qualifier for Price and vice versa. Time can fail by tricking traders into counter-trend trading.
Time is a predestined trade quantifier, a filter to slow trades down, as it allows a trader to specifically focus on specific time windows and rest at others. It allows for quantitative measurements to reach deterministic values and is the primary qualifier for trends. Time structure should be utilized before price structure, and it is the primary trade criterion which requires support from price. We can see price structure on a chart, as areas of mathematical support or resistance, but we cannot see time structure.
Time may be used to tell us an exact point in the future where the market will inflect, after Price Theory has been fulfilled. In the present, price objectives based on price theory added to possible future times for market inflection points give us the exact time of market inflection points and price.
Time Structure is repetitions of time or inherent cycles of time, occurring in a methodical way to provide time windows which may be utilized for inflection points. They are not easily recognized and not easily defined by a price chart as measuring and observing time is very exact. Time structure is not a science, yet it does require precise measurements. Nothing is certain or definite. The critical question must be if a particular approach to time structure is currently lucrative or not.
We will measure it in intervals of 180 bars. Our goal is to determine time windows, when the market will react and when we should pay the most attention. By using time repetitions, the fact that market inflection points occurred at some point in the past and should, therefore, reoccur at some point in the future, we should obtain confidence as to when SPY will reach a market inflection point. Time repetitions are essentially the market’s memory. However, simply measuring the time between two points then trying to extrapolate into the future does not work. Measuring time is not the same as defining time repetitions. We will evaluate past sessions for market inflection points, whether discretes, qualified swings, or intra-range. Then records the times that the market has made highs or lows in a comparable time period to the future one seeks to trade in.
What follows is a time Histogram – A grouping of times which appear close together, then segregated based on that closeness. Time is aligned into combined histogram of repetitions and cycles, however cycles are irrelevant on a daily basis. If trading on an hourly basis, do not use hours.
  • Yearly Lows (last seven years): 1/1/13, 4/10/14, 1/15/15, 1/17/16, 1/1/17, 12/15/18, 2/6/19
  • Monthly Mode: 1, 1, 1, 1, 2, 4, 12
  • Daily Mode: 1, 1, 6, 10, 15, 15, 17
  • Monthly Lows (for the last year): 3/12/20 (10:00pm), 2/28/20 (7:09am), 1/2/20 (8:09pm), 12/18/19 (8:00am), 11/25/19 (1:00am), 10/24/19 (2:59am), 9/30/19 (2:59am), 8/29,19 (4:00am), 7/17/19 (7:59am), 6/4/19 (5:59pm), 5/1/19 (12:00am), 4/1/19 (12:00am)
  • Daily Lows Mode for those Months: 1, 1, 2, 4, 12, 17, 18, 24, 25, 28, 29, 30
  • Hourly Lows Mode for those Months (Military time): 0100, 0200, 0200, 0400, 0700, 0700, 0800, 1200, 1200, 1700, 2000, 2200
  • Minute Lows Mode for those Months: 00, 00, 00, 00, 00, 00, 09, 09, 59, 59, 59, 59
  • Day of the Week Lows (last twenty-six weeks):
Weighted Times are repetitions which appears multiple times within the same list, observed and accentuated once divided into relevant sections of the histogram. They are important in the presently defined trading time period and are similar to a mathematical mode with respect to a series. Phased times are essentially periodical patterns in histograms, though they do not guarantee inflection points
Evaluating the yearly lows, we see that BTC tends to have its lows primarily at the beginning of every year, with a possibility of it being at the end of the year. Following the same methodology, we get the middle of the month as the likeliest day. However, evaluating the monthly lows for the past year, the beginning and end of the month are more likely for lows.
Therefore, we have two primary dates from our histogram.
1/1/21, 1/15/21, and 1/29/21
2:00am, 8:00am, 12:00pm, or 10:00pm
In fact, the high for this year was February the 14th, only thirty days off from our histogram calculations.
The 8.6-Year Armstrong-Princeton Global Economic Confidence model states that 2.15 year intervals occur between corrections, relevant highs and lows. 2.15 years from the all-time peak discrete is February 9, 2020 – a reasonably accurate depiction of the low for this year (which was on 3/12/20). (Taking only the Armstrong model into account, the next high should be Saturday, April 23, 2022). Therefore, the Armstrong model indicates that we have actually bottomed out for the year!
Bear markets cannot exist in perpetuity whereas bull markets can. Bear markets will eventually have price objectives of zero, whereas bull markets can increase to infinity. It can occur for individual market instruments, but not markets as a whole. Since bull markets are defined by low volatility, they also last longer. Once a bull market is indicated, the trader can remain in a long position until a new high is reached, then switch to shorts. The average bear market is eighteen months long, giving us a date of August 19th, 2021 for the end of this bear market – roughly speaking. They cannot be shorter than fifteen months for a central-bank controlled market, which does not apply to Bitcoin. (Otherwise, it would continue until Sunday, September 12, 2021.) However, we should expect Bitcoin to experience its’ exponential growth after the stock market re-enters a bull market.
Terry Laundy’s T-Theory implemented by measuring the time of an indicator from peak to trough, then using that to define a future time window. It is similar to an head-and-shoulders pattern in that it is the process of forming the right side from a synthetic technical indicator. If the indicator is making continued lows, then time is recalculated for defining the right side of the T. The date of the market inflection point may be a price or indicator inflection date, so it is not always exactly useful. It is better to make us aware of possible market inflection points, clustered with other data. It gives us an RSI low of May, 9th 2020.
The Bradley Cycle is coupled with volatility allows start dates for campaigns or put options as insurance in portfolios for stocks. However, it is also useful for predicting market moves instead of terminal dates for discretes. Using dates which correspond to discretes, we can see how those dates correspond with changes in VIX.
Therefore, our timeline looks like:
  • 2/14/20 – yearly high ($10372 USD)
  • 3/12/20 – yearly low thus far ($3858 USD)
  • 5/9/20 – T-Theory true yearly low (BTC between 4863 and 3569)
  • 5/26/20 – hashrate difficulty halvening
  • 11/14/20 – stock market low
  • 1/15/21 – yearly low for BTC, around $8528
  • 8/19/21 – end of stock bear market
  • 11/26/21 – eighteen months from halvening, average peak from halvenings (BTC begins rising from $3000 area to above $23,312)
  • 4/23/22 – all-time high
Taken from my blog: http://aliamin.info/2020/
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[Daily Discussion] Saturday, October 27, 2018

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For Trading May 21st

DJIA Regains Losses
First 20-year Bond Auction since 1986
Today’s market was stronger, and we started up on the day and never looked back. The DJIA finished +369.04 (1.53%), NASDAQ +190.68 (2.08%), S&P 500 +48.67 (2.05%), the Russell +39.21 (3.0%). Market internals were positive with NYSE 2.5:1 and NASDAQ 2.4:1) with lower volume again. DJIA WAS 24 UP / 6 DOWN, with the biggest winners. The biggest winners were AAPL +41, DIS +39, V +30, MCD +29, CAT +25, GS +24 and CVX +23DPs, with no double-digit losers.
The Treasury brought back the 20-Yr. Bond auction for the first time since 1986, and it was greeted by a “Bid to Cover” of 2.5:1. This would be as if an IPO was coming with 10 million shares and that there were public orders for 25 million shares. It was received better than expected and prices remained stable to higher for the rest of the day. This was bullish for our position in the TLT call position we own.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/6GnGjBQpaKg
SECTORS: The news was pretty scarce this morning and the market didn’t seem to need any excuses to move higher. The early morning earnings from TGT and LOW didn’t do much to help or harm the overall market. TGT and LOW were well withing expectations and slightly positive, but they went in opposite directions. TGT ended -3.52 (2.86%) while LOW traded higher by almost $6 at $122.69 but finished down at $116.99 +.12. The sector that got the most attention came to light in the afternoon when it was announced that there were many of the Chinese companies that have raised money here and trade on our exchanges do not meet either our listing requirements or our accounting standards. BABA and BIDU, both up dramatically this week on solid earnings got caught in the hoopla and fell well off their highs and closed basically unchanged.
FOOD SUPPLY: was MIXED with TSN +2.14, BGS -.69, FLO -.44, CAG -.31, MDLZ -.04, KHC +.41, CALM +1.04, JJSF +2.79, SAFM +2.69, LANC -.23, GO -.57, and PBJ $30.94 +.22 (.72%).
BIOPHARMA was HIGHER with BIIB -.55, ABBV -.14, REGN +19.29, ISRG +21.31, GILD +.96, MYL +.22, TEVA +.09, VRTX +2.34, BHC +.47, INCY +3.40, ICPT +5.40, LABU +4.01, and IBB $133.50 +2.29 (1,75%). CANNABIS: This group was HIGHER with TLRY +.03, CGC +.10, CRON +.08, GWPH +3.55, ACB +2.00 on the news of their acquisition for stock of the CBD product company, Reliva, for $40million in stock. MJ was $13.24 +.58 (4.58%).
DEFENSE: was MIXED with LMT -7.48, GD +1.71, TXT +.84, NOC -6.03, BWXT -.18, TDY +5.17, RTX +.06, and ITA $150.07 +.93 (.62%).
RETAIL was LOWER with the brands higher. M -.03, JWN -.63, KSS -.58, DDS +1.00, WMT +.50, TGT -3.52, TJX +.44, RL +2.14, UAA +.44, LULU +7.99, TPR +.40, CPRI +.55 and XRT $38.24 +.20 (.53%).
FAANG and Big Cap: were HIGHER with GOOGL +34.76, AMZN +52.66, AAPL +6.02, FB +14.92, NFLX -2.84, NVDA +9.03, TSLA +6.50, BABA -.23, BIDU -1.23, CMG +25.92, CAT +3.45, BA +3.05, DIS +5.40 and XLK $97.50 +2.09 (2.19%).
FINANCIALS were HIGHER with GS +3.62, JPM +2.53, BAC +.68, MS +1.52, C +1.07, PNC +3.84, AIG +.41, TRV +2.27, AXP +3.34, V +4.54, and XLF 22.07 +.48 (2.22%).
OIL, $33.49 +1.53. Oil was higher today with the close right on the falling 50-day moving average. I thought that the most recent downside break occurred from just under $29.00 and may stop this move too, but as we saw, it went right through that level. All the stocks on my list were lower with XLE $39.35 +1.51 (3.99%).
METALS, GOLD: $1,752.10 +6.50. After breaking the downtrend line around $1727 we came all the way back to test it this morning, before we continued higher and closing strong.
BITCOIN: closed $9,570 -110. After breaking out over $7500 we have moved as high as just over $10,000 before gapping down overnight to trade as low as $8,400 earlier this week. We continue to recover higher prices and today broke above the $10030 close from which we gapped down on Monday. We added 350 shares of GBTC Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.23 -.15 today.
Tomorrow is another day.
CAM
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For Trading May 21

DJIA Regains Losses
First 20-year Bond Auction since 1986
Today’s market was stronger, and we started up on the day and never looked back. The DJIA finished +369.04 (1.53%), NASDAQ +190.68 (2.08%), S&P 500 +48.67 (2.05%), the Russell +39.21 (3.0%). Market internals were positive with NYSE 2.5:1 and NASDAQ 2.4:1) with lower volume again. DJIA WAS 24 UP / 6 DOWN, with the biggest winners. The biggest winners were AAPL +41, DIS +39, V +30, MCD +29, CAT +25, GS +24 and CVX +23DPs, with no double-digit losers.
The Treasury brought back the 20-Yr. Bond auction for the first time since 1986, and it was greeted by a “Bid to Cover” of 2.5:1. This would be as if an IPO was coming with 10 million shares and that there were public orders for 25 million shares. It was received better than expected and prices remained stable to higher for the rest of the day. This was bullish for our position in the TLT call position we own.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/6GnGjBQpaKg
SECTORS: The news was pretty scarce this morning and the market didn’t seem to need any excuses to move higher. The early morning earnings from TGT and LOW didn’t do much to help or harm the overall market. TGT and LOW were well withing expectations and slightly positive, but they went in opposite directions. TGT ended -3.52 (2.86%) while LOW traded higher by almost $6 at $122.69 but finished down at $116.99 +.12. The sector that got the most attention came to light in the afternoon when it was announced that there were many of the Chinese companies that have raised money here and trade on our exchanges do not meet either our listing requirements or our accounting standards. BABA and BIDU, both up dramatically this week on solid earnings got caught in the hoopla and fell well off their highs and closed basically unchanged.
FOOD SUPPLY: was MIXED with TSN +2.14, BGS -.69, FLO -.44, CAG -.31, MDLZ -.04, KHC +.41, CALM +1.04, JJSF +2.79, SAFM +2.69, LANC -.23, GO -.57, and PBJ $30.94 +.22 (.72%).
BIOPHARMA was HIGHER with BIIB -.55, ABBV -.14, REGN +19.29, ISRG +21.31, GILD +.96, MYL +.22, TEVA +.09, VRTX +2.34, BHC +.47, INCY +3.40, ICPT +5.40, LABU +4.01, and IBB $133.50 +2.29 (1,75%). CANNABIS: This group was HIGHER with TLRY +.03, CGC +.10, CRON +.08, GWPH +3.55, ACB +2.00 on the news of their acquisition for stock of the CBD product company, Reliva, for $40million in stock. MJ was $13.24 +.58 (4.58%).
DEFENSE: was MIXED with LMT -7.48, GD +1.71, TXT +.84, NOC -6.03, BWXT -.18, TDY +5.17, RTX +.06, and ITA $150.07 +.93 (.62%).
RETAIL was LOWER with the brands higher. M -.03, JWN -.63, KSS -.58, DDS +1.00, WMT +.50, TGT -3.52, TJX +.44, RL +2.14, UAA +.44, LULU +7.99, TPR +.40, CPRI +.55 and XRT $38.24 +.20 (.53%).
FAANG and Big Cap: were HIGHER with GOOGL +34.76, AMZN +52.66, AAPL +6.02, FB +14.92, NFLX -2.84, NVDA +9.03, TSLA +6.50, BABA -.23, BIDU -1.23, CMG +25.92, CAT +3.45, BA +3.05, DIS +5.40 and XLK $97.50 +2.09 (2.19%).
FINANCIALS were HIGHER with GS +3.62, JPM +2.53, BAC +.68, MS +1.52, C +1.07, PNC +3.84, AIG +.41, TRV +2.27, AXP +3.34, V +4.54, and XLF 22.07 +.48 (2.22%).
OIL, $33.49 +1.53. Oil was higher today with the close right on the falling 50-day moving average. I thought that the most recent downside break occurred from just under $29.00 and may stop this move too, but as we saw, it went right through that level. All the stocks on my list were lower with XLE $39.35 +1.51 (3.99%).
METALS, GOLD: $1,752.10 +6.50. After breaking the downtrend line around $1727 we came all the way back to test it this morning, before we continued higher and closing strong.
BITCOIN: closed $9,570 -110. After breaking out over $7500 we have moved as high as just over $10,000 before gapping down overnight to trade as low as $8,400 earlier this week. We continue to recover higher prices and today broke above the $10030 close from which we gapped down on Monday. We added 350 shares of GBTC Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.23 -.15 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

The basics of crypto-trading: indicators, charts and trend lines

The basics of crypto-trading: indicators, charts and trend lines

The basics of crypto-trading: indicators, charts and trend lines
Halving on the Bitcoin network has become one of the key events in the cryptocurrency market, which has fueled the interest not only of long-standing players, but also has caused the release of new ones. This is evidenced by recent data on the growing demand for crypto assets on top cryptocurrency exchanges such as Bithumb Global. For those who are just getting acquainted with the crypto-market and want to try their hand at trading a new class of assets, we will tell you what tools crypto-exchanges offer and how to use them in crypto-trading.
To start trading cryptocurrencies, you must first select:
• Crypto-wallet — there are several types of crypto-wallets: hot, cold, desktop, mobile and paper. All of them provide different levels of security and convenience. At the same time, the best option for storing cryptocurrencies is the use of two different wallets — hot and cold. So do most large companies working with digital assets.
• Crypto-exchange is a trading platform that will allow you to exchange, buy and sell cryptocurrencies. Such platforms can be centralized (CEX), decentralized (DEX) or hybrid, combining the qualities of CEX and DEX.
• A crypto-portfolio is a collection of crypto-assets collected for profit. It is best to form it in three stages: part of the currency for long-term storage (from 1 year and longer), another part — a medium-term deposit (up to six months) and a deposit for trading for several days or a week. When starting crypto trading, it is advisable to diversify your investment in a deposit for trading, paying attention not only to the potential of a particular coin, but also to the ways of earning that the cryptocurrency market offers. Experts advise at the initial stages to choose assets from the top 10 rating by capitalization.

Terminology

Order — a trader’s request for a cryptocurrency transaction. Orders are divided into market orders — for purchase (Buy) or sale (Sell), and pending — requests for a transaction at a non-market price, waiting for it to be at the right level. Pending orders include:
⁃ Limit — for sale / purchase at a price higher / lower than the current market price
⁃ Stop loss — orders to limit the loss
⁃ Take Profit — Take Profit Order
Market maker and market taker are market participants who create and accept orders. The market maker creates a new transaction request, increases the turnover of the exchange and raises the liquidity of the crypto asset, while the receiving market taker takes the asset out of circulation, lowering its liquidity. In this connection, different commissions are introduced on some crypto exchanges for makers and takers.
Exchange Cup or Order Book — a table with limit orders, which displays the closest sellers and buyers, where sellers’ orders are marked in red, and buyers are marked in green. The columns of the table show the number of cryptocurrencies and the price at which they intend to sell or buy. At the junction of these tables, a spread is formed — the difference in the price of supply and demand. The lower the spread, the more liquid the cryptocurrency. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen.
Long and short positions (Long and Short) — the usual “mode” of trading. In the case of a long position, we buy cheaper and sell more. It is believed that the growth of assets in the market is a long process, therefore, work in this direction is also called long. The second option means a short position, that is, a game for a fall. The market believes that the decline in the value of assets occurs quickly, that is, in a short time. Therefore, this position is called “short.”
Exchange chart — shows the change in the price of cryptocurrency over time and is the most important tool for technical analysis. Charts display price changes with a line, bar and candlestick.
Bulls and bears — in the market so-called buyers and sellers. There is an analogy with the nature of animals: buyers always push the price up, creating a demand for something, and it turns out that the price seems to be pushed by horns. In this connection, bulls are optimists, they believe that the prices of the shares they bought will rise, and someday they will sell the asset more expensive than they bought. The bulls in the market are overwhelming (by approximate estimates, up to 80%), long investments are kept on them, and the bull trend means stable growth of stocks and general welfare. Bears, in turn, are sellers who have learned to capitalize on a falling market: they usually try to sell cryptocurrencies faster, often lowering the price of an asset. Concluding a contract for the sale, they fix its value, and then wait until the goods fall in price, close the deal and put the proceeds in their pocket. Bears are interested in a constant reduction in prices and achieve their goal, provoking an increase in supply: open short positions and sell until the price drops to the desired level.
Technical analysis is a set of tools for market forecasting of prices based on the movement of value in the past. In technical analysis, the same tools can be used for different markets and trading pairs with a slight adjustment of indicators. Also, technical tools are equally successfully used on any timeframes — from a minute to a year.
Fundamental analysis — this type of analysis is based on the consideration of financial and production market indicators that may affect the price of a traded instrument. The mood of market players, current and growing trends, indicators of production activity — all this information can give an extensive idea of the potential of the investment object in question. The main disadvantage of the fundamental analysis is that the information provided by him is insufficient to predict the movement of prices in some local areas. It is possible to determine a potentially good company that has excellent financial performance and has real prospects, but it will be impossible to determine the moment of entering a short-term profitable trade with a good indicator of risk to profit ratio.
Pattern — behavioral model / trading setup / market pattern. Patterns are one of the most common methods for analyzing price movements. Each pattern is always based on a certain idea, the simplest and most understandable. There are a lot of trading models, but all of them are derived from the classical model of breakdown or rebound from certain significant price levels.

Basic cryptocurrency trading tools at Bithumb Global

Using the example of a centralized cryptocurrency exchange Bithumb Global, we will analyze the main elements that cryptotraders will encounter in the initial stages of trading. When choosing a cryptocurrency exchange, first of all, you need to pay attention to the presence of:
⁃ Convenient ways to deposit and withdraw funds
⁃ Fiat currency support
⁃ High number of trading pairs
⁃ Information on the current state of cryptocurrency rates
⁃ Cryptocurrency Rate Charts
⁃ Technical indicators
⁃ Different levels of user verification
⁃ Built-in cryptocurrency wallet
⁃ 24/7 tech support
On the Bithumb Global main page, a selection of top trading pairs is offered, where cryptocurrency tickers are listed, their price, exchange rate for the last day, daily trading volume and the asset quotes movement chart.

Top trading pairs at Bithumb Global. Source.
If you select a pair from this list, then Bithumb Global will automatically transfer the user to the Base Version of Spot Trading. Spot trading — the terms of the transaction with cryptocurrency, in which payment is made to both parties immediately.
Here the user can get acquainted with the latest price of an asset, the volume of transactions with it, data on transactions and the minimum and maximum prices for the last day.

Basic Version of Spot Trading on Bithumb Global. Source.
You can select another trading pair in the top menu by hovering over the corresponding button, but the easiest way is to find the desired pair through the search. At the same time, the Professional Version of Spot Trading opens up a wider set of tools for the user, which will be discussed later.

Trading Tools Professional Version Bithumb Global

On the Professional Version, users can use price charts in the form of Candles, which look like a series of vertical lines and display price changes, where the upper point shows the maximum that the price has reached and the lower one — the minimum. If the closing price is lower than the opening, then the candle will be painted red or black, and if higher, then green or white. Knowing the direction of the price movement (body color of the candle), we can say exactly where the closing and opening prices are.

Price chart in the form of Candles at Bithumb Global. Source.
Also in this version of Spot Trading, a price chart is available to users in the form of a Glass, where sellers ‘bids are marked in red and buyers’ bids are marked in green. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen. If, for example, a large congestion of sales requests at the upper price limit can be noted, then as soon as the market reaches this limit, a recession will provoke, triggered by a large number of sales.

Price chart in the form of a Glass on Bithumb Global. Source.
Price charts also have different timeframes — from 1 minute to 1 week, which allows you to conduct a more in-depth analysis of the movement of quotes of the selected asset.

Bithumb Global price chart timeframes. Source.
Also in this version of Bithumb Global, various Indicators are available to traders. In total, the cryptocurrency exchange provides about 80 different indicators that will help in the technical analysis of the movement of crypto asset quotes.
Let’s analyze the main indicators available on Bithumb Global:
Volume — allows you to track the number of transactions completed by traders over a specific time interval. Green and red bars are indicators of the volume of transactions: red signals a decrease in volume, green — its growth. By analyzing the volume of transactions against the background of the price movement chart, you can confirm the strength of the trend or reveal its weakness and predict a price reversal. If prices rise and trading volume rises, we observe a bullish trend. An increase in trading volume in the event of a decline in prices indicates a bearish trend.
Moving Average (MA) is just as popular a tool as volume is. The indicator function analyzes the average prices for the selected time interval, which gives a relative idea of the general price trends. If the actual price of cryptocurrency for a long time keeps above the moving average, we can assume that it will continue to grow. Accordingly, a fall below MA is a signal to lower the price of an asset. For more accurate forecasts, it is advisable to use several moving averages based on different time intervals. Moreover, in case of disagreement, it is customary to consider the value of the average based on a longer period of time. If the signals from several moving averages coincide, we can talk about a fairly accurate forecast.
MACD (Moving Average Convergence Divergence) — having trained on one moving average, we will move on to a comprehensive analysis of this indicator. The MACD tool analyzes the convergence and divergence of three moving averages and can signal the beginning of a new trend. MACD also works well on different timeframes and is a fairly simple and popular indicator of technical analysis.
Zig Zag is an auxiliary indicator that analyzes the highest and lowest points of the cryptocurrency exchange rate and allows you to determine the correct entry points into the market. The plus of the indicator is that it eliminates the noise that can distort the forecast of the trend behavior. Minor fluctuations are simply not taken into account: lines connect the highest and lowest points of the price chart directly. The zigzag shows global market movements, but at the same time it only captures these changes in the past, without giving forecasts on the price behavior in the future.
Relative Strength Index (RSI) — shows the greatest efficiency in a sideways trend. With active course dynamics, RSI may produce incorrect data. Such indicators of technical analysis are called oscillators, and they must be used with caution. The indicator’s algorithms analyze price changes and allow you to evaluate the oversold or overbought status of an asset and, therefore, predict the occurrence of a bull or bear trend.
CCI (Commodity Channel Index) — The CCI or Commodity Channel Index, as well as the Relative Strength Index (RSI), helps evaluate overbought or oversold assets. This chart with values from minus 100 to plus 100 is displayed under the current price chart and can be applied on any timeframes. A CCI of more than a hundred means that the asset is overbought, and the price is about to fall, and on the contrary, a CCI below minus one hundred indicates the oversoldness of the asset and the likely increase in its price. This tool also refers to oscillators and is used during a lateral trend when there is no clear idea of how the price will behave in the near future.
ADC and DI — the index of the average direction and direction of movement, signals a change in trend. It looks like three lines on the chart: red — bears, green — bulls, blue (there may be other colors on different platforms) — the strength of the trend. This indicator is fairly reliable on four-hour and day frames. If the trend strength line is within 10−20 points, this indicates that the trend is gaining strength, but if the indicators reach 60−80 points, you should wait for the trend correction. The green and red lines will show who sets the market mood — bulls or bears. If the green line crosses the red line, the trend becomes bullish, and vice versa.

Indicators at Bithumb Global. Source.
Another useful tool available on the Professional Version of Bithumb Global is Trend Lines. It allows you to demonstrate in which direction the price of an asset is moving. The Dow theory, which is the basis of all technical analysis, suggests that no matter how the price behaves, it will always be in a particular trend. If the price behaves relatively evenly and stays in the same range without showing either growth or decline, such a trend is called a side or flat trend.
A growing (“bullish”) trend is characterized by the appearance of a series of ascending highs, with each new peak must be higher than the previous one. Accordingly, the “bearish” downtrend shows points of failure (price low), each subsequent of which will be lower than the previous one.
A trend line can be built on two points of a minimum or maximum, and a third confirming one is mandatory. The more points form a trend line, the more confident and stable the trend itself. The construction points should not be too close to each other in the time frame, otherwise the direction of the trend will not be completely correct. Please note that the uptrend line is plotted below the chart, and the downtrend is above it. The slope on the trend line should also be taken into account — its constancy indicates the stability of the trend. The change in the angle of the trend line is called the acceleration or deceleration of the price movement. The larger the angle, the faster the trend.
A line through price lows is called a support line. As soon as the price reaches it, it finds market support there and, pushing off, again strives upward. The line connecting price highs is called the resistance line.This is the level above which the value of the asset has not yet risen. If the price breaks the support or resistance line, this is a clear signal for a trend violation and a change in trading tactics.

Trendlines at Bithumb Global. Source.

Finally

The above are the basic trading tools available to traders of the Professional Version of the Bithumb Global crypto-exchange. They will help you figure out how to properly analyze the key metrics of cryptocurrency assets so that you can build the most advanced trading strategy. However, this is not the whole range of tools available to Bithumb Global traders. Follow DeCenter materials to learn about the intricacies of cryptocurrency trading on the advanced cryptocurrency exchange.
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Large-scale updates of Tkeycoin. What’s next? — listing on the crypto exchange. Are you with us?

Large-scale updates of Tkeycoin. What’s next? — listing on the crypto exchange. Are you with us?

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Hello, everyone, It’s been a long time since you heard our team, someone thought we were gone, someone was waiting, and someone disappeared himself.
All this time we have worked hard to bring you good news. We will tell you what we have prepared for you, what events will be soon, what you can use right now and what else will be new in the year. And so, let’s go!

Preparing for listing on the exchange

The pandemic period played into the hands of the entire team and we managed to build beauty in our services. In anticipation of the exchange, the team tidied up the sites and services and connected new tools. First of all, we paid attention to the preparation of all services for a foreign audience, taking into account its mentality.
New sections, localizations, nice things, and much more to ensure the most efficient use of the TKEY resource. In addition to the new tabs, the services that we will talk about in this material, there is a special page for representatives of the exchange with the necessary documentation for listing — https://tkeycoin.com/en/documentation/.

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Full localization

Already today the official website tkeycoin.com available in 5 languages: Russian, English, Korean, Chinese (Simplified), Chinese (Traditional).

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We made adjustments to the Russian and English versions of the site, including support for Korean and Chinese for each section of the site. Professionals in their field, native speakers translated and adapted the information as it should be, and we, in turn, structured and framed it properly. So welcome!

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We will update language support for the site, and soon it will include support for all languages that are available in the mobile app.

QR Codes for Asian Audience


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Our friends and residents of Asian countries actively use QR codes in their lives, both when paying in stores and when working with websites. QR codes are used almost everywhere when renting a car or bike, we just open the phone, scan and the mode of transport becomes available for use, anything is available for rent, even a battery, even an umbrella.
“It was a hot May day. Seven-year-old Wang Jiaozui came out of school and saw his grandfather, who came to pick him up. He was standing in the sun, and his shirt was soaked with sweat. Jiaozui invited the grandfather to buy a cold Cola in the shop, but he forgot her purse at home. It turned out that this is not important — the boy took his grandfather’s smartphone and called the payment app with a QR code on the screen.” ©
What to say if QR codes are used even to identify entire farms. By pasting QR codes on farm buildings and then scanning them, government inspectors can quickly figure out who owns the building and whether its owners are violating any laws.

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We must be on the trend! Now a special library generates QR codes for the desired page, any tab on the site tkeycoin.com in Chinese and Korean-accompanied by a QR code that leads to the requested page: fast, convenient, and simple.
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Providing this opportunity to our colleagues and future users of Tkeycoin from Asia is a friendly approach and most importantly, a strategic step on our part. After implementing QR codes, we are undoubtedly drawn into the convenience of this function, which we recommend to You:) If you like it, we will make QR codes on the Russian and English versions of the site.

Buying and withdrawing cryptocurrency to a Bankcard


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On the site, you can now buy Bitcoin for pound, dollars, euro, and any other currency. This is a powerful automated service for instant exchange of fiat currencies for cryptocurrencies. The system works around the clock and seven days a week, allowing everyone to conduct exchanges at any time of the day and in the shortest possible time.
Withdrawal to a Bank card will be available until the end of the month, we finish the details, the page is available now, and the withdrawal itself will be activated during this week. You can buy Bitcoin, Ethereum, or any other currency right now.

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These features are the future for the function of purchasing any product or service for TKEY at any point of sale, which will form the basis of the mobile app, quickly, conveniently, and most importantly, observing the letter of the law.
All we do is build an Empire that is being built before your eyes. Every service and product is connected, so any update promises the appearance of even more cool and effective features than before.

Buying cryptocurrency for pound, dollars, euros, and other currencies

At the end of February, we told you that we are working on building a payment service that will include the provision of services: buy cryptocurrencies, sell a cryptocurrency, withdraw cryptocurrency to Bank cards, etc.
This day has come, now you can buy Bitcoin (BTC), Ethereum (ETH), Tether USDT, Basic Attention Token (BAT), Algorand (ALGO), Tron (TRX), OKB (Token Okex.com).

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The purchase is available in any currency: Russian ruble, US Dollar, Euro, British pound, Ukrainian hryvnia, Indonesian rupiah, South Korean won, Japanese yen, Turkish Lira, Argentine peso.
As you can see, the currency corridors are quite extensive, which allows you to make exchanges fast and at a favorable rate. Just choose the right pair to exchange or buy, available fiat currencies: RUB, USD, EUR, GBP, UAH, IDR, KRW, JPY, TRY, ARS, available cryptocurrencies: BTC, ETH, BAT, USDT, ALGO, TRX, OKB.
Even if this wide list does not include the currency you want to buy, such as Bitcoin or USDT, it’s okay — the service will automatically convert your currency into the payment currency and the Bank will make the exchange. Exchanges take place within 1–3 minutes, it is enough to pass quick verification once, which allows you to work with a volume of > 15,000 euros per month.

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Exchange of cryptocurrencies for pound, dollars, euros, and withdrawal of Bankcard

In addition to the fact that you can now easily buy a cryptocurrency for fiat currencies, pound, dollars or any other, during this week we will finish work on the withdrawal to a Bank card and you can easily withdraw your profit to the card, the most important thing is that this is a completely legal method, and all operations pass through banks and jurisdictions where work with digital assets is legalized.
This means that when you buy or make a withdrawal to the card, you get legal funds that are credited to you by the Bank or payment system.
If you are used to working with effective tools that work in a new way, or rather correctly and legally, then this service is for you. Fast crediting, easy exchange, a large selection of currency pairs, that’s what the company is betting on.
We work with the most reliable third-party partners to make your cryptocurrency process easy and convenient, and most importantly safe for You. The service supports plastic and virtual Bank cards VISA, MasterCard, MIR, and other payment systems for fast payment processing.

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On the exchange page, you can choose any currency pair to exchange in the opposite direction, for example, GBP to BTC or USD to BTC. Choose a suitable pair for exchange, available fiat currencies: RUB, USD, EUR, GBP, UAH, IDR, KRW, JPY, TRY, ARS, available cryptocurrencies for exchange: BTC, ETH, BAT, USDT, ALGO, TRX, OKB.
How it works
When buying cryptocurrency for the first time, your Bank reserves (holds) the requested amount, then this amount is transferred to the authorization waiting state. As soon as the Bank freezes the fiat funds, the service fixes the exchange rate at the time of creating the application, reserves the cryptocurrency, and provides you with 30–40 minutes to complete verification. After successful verification, the service charges cryptocurrency to the wallet.

Quick verification

Verification takes 2–3 minutes and requires only one time to perform operations every day. The “Know Your Customer” (KYC) procedure is necessary to exchange cryptocurrencies for fiat currencies.

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As you understand, you need to pass verification 1 time, regardless of whether you withdraw funds or buy currency, after passing verification, all services are available to You without any further confirmation.

New currency

Support for other currencies, including TKEY, will be added gradually and highlighted through service updates. As for the TKEY exchange, it will become available in exchange services after listing on the exchange. Listing on an exchange allows you to automate the exchange process, link the necessary services, and most importantly, the exchange provides liquidity, which is key when we talk about exchanging for a particular currency.
We will tell you more about the operation of the service and its advantages, chips, in a separate material dedicated to the withdrawal and purchase of cryptocurrencies for fiat currencies, as well as touch on various banking issues and tell you how you can combine the SWAP service for more efficient exchange and withdrawal to the card.

Charitable activity

By making an exchange or purchase of cryptocurrency, you help children and people who need our help. We deduct 0.1% of the profit from each transaction to charity funds.
This is the fastest and most comfortable way of charity, which allows you to bring together people who are not indifferent to other people’s problems. TKEY enables people to do good deeds, and the resulting turnover profit of 0.1% is sent to charity funds every month. Together with You, we create new opportunities for people in need who need help — “Big things have small beginnings”.
How does it work?
You have made an exchange or purchase operation, the company has accumulated the volume of these operations for a month->the company has chosen a charity Fund->sent funds to the charity Fund’s account. Priority charity funds are children’s aid funds. You can always suggest a candidate for a particular Fund by sending a message to [[email protected]](mailto:[email protected]).
Why do we write Funds and not a Fund?
This is the first launch of the service, so depending on the monthly volume, we will focus on distributing funds to one charity or several. For example, if we have accumulated $ 10,000, we can distribute $ 5,000 to 2 funds. if we have accumulated $ 100, it is logical that we will only send this amount to 1 Fund. With the development of the service, we will be able to focus on several funds, which we will actively help due to the received volume.

New sections, improvements for existing services

Menu logic and site structure

The menu logic has been revised. now more items are available on the menu and they are divided into sections. Navigation through the sections has become much easier and more convenient. for some sections, QR codes are available for Russian and English-speaking audiences, and for representatives of Asian countries, all sections are available by QR code.

https://preview.redd.it/d9ntj1hfwe151.png?width=700&format=png&auto=webp&s=6c068daa450e5f824829a9457bc1bc183615f466

TKEYSPACE Promo Page

New blocks were added, the entire page was fully localized and is available in Chinese, Korean, English and Russian, and QR codes were added for easy navigation for the Asian audience.

Documentation for the exchange

We have already mentioned that there is a section for exchanges with the necessary documentation for listing, now it is available in English. In the next updates, it will be translated into Russian, Chinese (Traditional and Simplified), and Korean.

Market Data (Coin Data)

The market data section has been optimized for mobile apps. Charts are expanded and optimized page borders for most mobile devices, and you can search for cryptocurrencies and tokens that interest you.

https://preview.redd.it/fkuhl0vgwe151.png?width=700&format=png&auto=webp&s=67450a04bdba376da59aee1d0e5a0964c896475e

FAQ

Added answers to frequently asked questions in various sections of the site, You can find the information directly on the section page, for example, TKEY-QT, SWAP or Core. Right on the page there is a FAQ section, in which we disclose answers to questions, for example: How are You going to solve the scalability problem, or why did you choose Phoenix as the logo and symbol of the project, or how do you exchange cryptocurrency for pound or dollars? As you can see, you can get answers to different questions, depending on the topic of the site section.

https://preview.redd.it/8utkvv6iwe151.png?width=700&format=png&auto=webp&s=d493ec784d74c5982486e36fe3b4bcbcb6d57335

Footer

For convenience, the site’s footer has been expanded and new sections (quick tabs) are included, which are also available in the QR-code format. In addition to various details, the footer is now accompanied by the company’s coat of arms — the Phoenix, which is the symbol of the entire community, the Phoenix Alliance.

https://preview.redd.it/xija83vjwe151.png?width=700&format=png&auto=webp&s=dd7ce476b53ebe2a891d32231725650bac7ba181

Page 404

Added page 404, which is also an integral part of the site. now when you go to a non-existent site page, all the necessary menu items are fully available to us, which will quickly Orient You and direct you to the desired section.

https://preview.redd.it/i8f7qi9lwe151.png?width=700&format=png&auto=webp&s=02449b35c631bcb0667336edb4f912cbcf1dfb58

What is waiting for us in the nearest future?

In addition to various improvements, connecting services, our team has been working every day on other main areas of the Tkeycoin project, which are already being prepared for the next release and we will tell you what updates, what plans, events, and what else will be interesting this year.

Online conference with management

An online conference in question-answer format will be organized. The main task of the conference, in addition to questions and answers, is to discuss plans, talk about new directions, touch on issues of legislation, and analyze current issues of users.
The online meeting format will allow you to get feedback and discuss a large number of issues in a short time. Questions related to technical support and other questions that can be answered through the administration will not be discussed.
The meeting involves the development, constructive, and suggestions from users for further development of the Tkeycoin project. If you are interested in participating in the conference, you can also make business proposals during it, please use the time to your advantage. We work for you.

New content: reports, new categories, useful information

Based on user feedback, we introduce new categories to our content plan:
Reports This section will be accompanied by information about the work done by the team for the month, the format of submission — abstracts, highlights. This format will help establish feedback between users and developers.
Question-answer
In addition to the content that we produce ourselves, users have questions that arise during the process of working with the project’s services, as well as during interaction with the project itself. To avoid making guesses and making up stories, we have introduced the question-answer category.
Users ask questions in comments, and the company prepares answers based on the questions and they are published in the post. Depending on the number of questions, the post generates all the answers, or the post is divided into parts if the number of questions for the past period was the largest. In addition to asking questions, you can make suggestions to the project, for example, about new features or directions.
This format also builds feedback and helps to improve all services. the most important thing is that it can not only help us but also you, as the offer and questions will help you focus on the tasks that the end-user wants to see.

TKEY-POOL (Tkeycoin pool)

We are completing the work and debugging of the official pool for Tkeycoin, this is a completely new approach for mining Tkeycoin. The pool will feature higher performance and stable architecture, a light interface, and objective commissions.
A pool is a highly loaded system that works 24/7/365, it turns out that such a product hides a sufficient number of lines of code and, most importantly, is built on a reliable architecture that can withstand +50000–100000 miners, not to mention the number of connected devices for this number of miners.
A cryptocurrency pool is a combination of the hardware power of many miners at once to increase the probability of finding a block. The reward for a block obtained by the pool is distributed among all participants.
The TKEY pool is developed taking into account the features of the Tkeycoin blockchain, including multi-blockchain, transaction model, hashing, blocks, and other nuances that are an upgrade of the blockchain among others. Together with the pool, the TKEY network is being tested: high loads, attacks, and other tests that show positive results, proving that the TKEY blockchain can work under any loads and is protected from attacks.
Our task was to: 1. Stable system for handling high loads; 2. Adaptation pool for any software; 3. Connecting any hardware for mining cryptocurrency Tkeycoin; 4. Fair remuneration calculation; 5. Security.
The main goal is for any user, regardless of the software and hardware used, to be able to connect to Tkeycoin mining via a pool. The first releases will be accompanied by a simple user-friendly interface, easy connection, instructions for various mining programs that can be connected.
In future releases, we will optimize the operation of the pool, add new features, as well as tracking functions and other nice things. any suggestions from miners and the community are interesting to us and will be implemented, so do not hesitate to send your suggestions after the launch.

TKEYSPACE updates


https://preview.redd.it/fjy2dkanwe151.png?width=700&format=png&auto=webp&s=99dedd6aa59ae7eb4d585d2ef1ddae4cc6dd50f9
Work on the TkeySpace mobile app is also not standing still. We will soon release updates for TkeySpace on Android and iOS.
This release is a complete transition to the most stable version of the mobile wallet. This means that after the update, even with the largest changes, the user will not need to completely reinstall or restore to use the new features, as before, just update the app via the AppStore or GooglePlay.
Between the previous update has been a sufficient amount of time, on average, updates are released once a month. This update will be one of the major ones. We are finishing work on the code to prepare the app for the new features that will be available this year. Besides, we are improving the app’s logic, data processing speed, optimizing the code, restoring order, and preparing for the global market.

Exchange, purchase of cryptocurrency and withdrawal to the Debit/Credit Card


https://preview.redd.it/1maxjrqowe151.png?width=700&format=png&auto=webp&s=cefd5bf1ec823049eeb25640c470024a41c0430c
In addition to pleasant optimizations, the app will display the exchange and withdrawal to a Bankcard, tab with an optimized page for exchange, withdrawal, and the purchase will be available directly in the mobile app. This upgrade will also capture the cryptocurrency exchange SWAP page, which can be evaluated after the update. Other features and new features will be announced by the developers immediately after the release.

SWAP Update

The development team is finishing work on optimizing the SWAP service. Regardless of updates, it is available in working mode 24/7/365. The team is working on improving the operation, optimizing the page, changing the interfaces, improving navigation, and speeding up query processing. This update is also among the upcoming ones, along with the pool, mobile wallets, and other news that will excite.

Network Statistics

In the network statistics section, there are several sections that will be fixed — this is the hash rate of the network and the volume of Tkeycoin. Now the volume of Tkeycoin is displayed by mTKEY, and the graph itself indicates M TKEY, the user may incorrectly understand the volume of transactions in the network, so, given the current volume, it is advisable to switch the display to TKEY, and in the future switch to mTKEY for large volumes.
TKEY is divided into cryptograms (CryptoGramm, cgr), uTKEY (keys), and mTKEY. 1 TKEY = 100 000 000 cryptograms. 1 mTKEY = 100,000 cryptograms. 1 TKEY contains 1000 mTKEY. 1 mTKEY = 0.00100000 TKEY 1 uTKEY =100 cryptograms 1 TKEY contains 1,000,000 utkeys. 1 uTKEY (keys) = 0.00000100 TKEY 1 cgr = 0.00000001 TKEY

Cryptocurrency Exchange

This issue has become the cause of mass discussions, disputes, investigations, the subject of memes, kitchen, and online conversations, that just did not happen, that TKEY is not taken anywhere, someone made guesses that we are waiting for everyone to run away, or TKEY is a world conspiracy and around some actors, you can write a book or shoot a great series, not worse than Breaking Bad.
Jokes, jokes, but the question is serious. Since the 4th quarter of last year, the company has been actively working on the issue of listing, prepared the necessary platform for this, held several meetings, negotiations, released the necessary products, figured out various transfers of funds to the blockchain, worked out many small things, many major issues that were behind the scenes. Everything is ready, and it’s time to start soon. This will be a surprise, believe it or not, and we will meet you on the stock exchanges :)

What other plans does the company have?

Enabling payment at retail outlets

After entering the exchange, we will actively engage in connecting payments to implement them and link them to TKEY. The plan, strategy, and legal component are ready.

Payment development

This implies the development of payments and services that will expand the use of digital currencies in the commercial sphere. Application on the territory of Russia will depend on the Federal law on the CFA, in any case, we plan to analyze the law, after its release, to find a legal way to implement payments based on blockchain and digital assets. Therefore, until the law is released, we are keeping this initiative in the future, and we will work on other jurisdictions that will support it.
We left some plans behind the scenes, because they will make the greatest impact on the market and the value of our asset, and this — likes silence.

What useful materials will be released soon?

How to effectively use the SWAP service together with the exchange and purchase of cryptocurrency from a Bank card?

We will tell you in detail how to use these 2 services, how to save on payments and purchases, how to exchange tokens that are very difficult to exchange, how to quickly get money for them to the card, and much more.

The law CFA

Our opinion about the law of cryptocurrencies in Russia, what to pay attention to, what to prepare for, how to act if there is a complete ban. Let’s talk about legal nuances and banking practices.

TKEY blockchain

In this material, we will talk about the blockchain, analyze the issues of the system, expand the questions on attacks, payment processing, and touch on the system of multiple chains. The article suggests your suggestions, perhaps someone will have ideas that we will implement in the chain.
At the end,
Don’t forget to ask questions in the comments or send suggestions to [[email protected]](mailto:[email protected]) we will be happy to respond and consider your requests for any of our services. Collaboration, feedback, help us make the whole platform better.
Thank you for being with us! Until new meetings, stay tuned for news, updates, because the most unexpected news comes spontaneously.
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Bitcoin Halving & the Step to Maturation

Bitcoin Halving & the Step to Maturation
It’s about a week to the long-expected Bitcoin halving.
You can easily find a counting down page by visiting the website of any exchange, online magazine or data aggregator. Yes — everybody is waiting for it.

Source: Bitcoin Block Half
It’s an event that brings both predictability and uncertainty.

What is Predictable?

Bitcoin was designed as a deflationary currency with a 21 million fixed supply, like gold. Over time, the issuance of bitcoins will decrease and thus become scarcer.
When it was first created, 50 Bitcoins per block were given as a reward to the miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140).
At about 06:18 UTC on May 12, 2020 (as of writing), the block rewards of Bitcoin will drop from 12.5 BTC to 6.25 BTC.

What is Uncertain?


Source: https://www.bitcoinblockhalf.com/
As is shown in this chart, we can note a significant price jump after each halving.
But will this time turn out to be a different story when both the stock market and the crypto market are much more volatile than usual due to the global COVID-19 pandemic?
The past few months saw a big shakeout in the crypto market due to the coronavirus pandemic and its aftermath. On March 12, the Bitcoin price dumped 40% touching $3,800 within the day, marking a Black Thursday of the year.
The stock market went through a severe crash too. The US stock market triggered the “circuit breaker” four times within 10 days.
Just recently, the Bitcoin price soared above $9,000 and has now retraced to $8,864 at the time of writing, according to the statistics on CoinMarketCap.
Nobody knows for sure how things will be when the halving happens. Will the Bitcoin price be even more volatile or will it stabilize?

2020 Bitcoin Maturity Test

According to the Bloomberg Crypto Outlook (April 2020 Edition), the increasing futures open interest, declining volatility and relative outperformance despite the stock-market shakeout this year indicates Bitcoin is maturing from a speculative crypto asset toward a digital version of gold.

Increasing futures open interest


Source: skew
The number of Bitcoin futures contracts outstanding listed on the Chicago Mercantile Exchange (CME) has recovered significantly from the March lows, indicating a resurgence in institutions that want to buy the cryptocurrency. The high volume also represents taming of the highly speculative bull market.

Declining Volatility


Source: Bloomberg
This graphic shows that the correlation between Bitcoin and gold has jumped to the highest since 2010, twice that of equities, suggesting that Bitcoin is now divorcing equities and joining gold.

Bitcoin Outperformed Stock Market

Apart from that, Bitcoin is becoming less of a risk-on asset. In the first quarter of 2020, Bitcoin remained up about 9% when the S&P 500 showed a correction of 20%.

To Sum Up

2020 marks a key test for Bitcoin’s transition from speculative asset to the crypto market’s version of gold. We believe that the first-born crypto will pass the test to move towards a mature gold-like asset.
At Leverj, we are working actively on the decentralized derivatives market including Bitcoin perpetuals which is expected to be launched in a couple of months.
Visit live.leverj.io to enjoy our zero-fee trading for a limited period of time as of now. Follow us on Twitter or join our Telegram group to stay tuned for our updates.
Please keep in mind
US Persons are not allowed to trade on Leverj. Users from sanctioned countries or Specially Designated National (SDN) as per OFAC are also not allowed to use the system.
Before you trade, please make sure you are legally permitted to trade cryptocurrencies, derivatives, and any other instruments offered on this platform from your home jurisdiction.
Nothing in this article constitutes an offer, solicitation, or investment advise.
submitted by L_Xiaoqing to Leverj [link] [comments]

Crypto Market Below $200 Billion, Bitcoin Falling To Sub-$7,000 Levels

Crypto Market Below $200 Billion, Bitcoin Falling To Sub-$7,000 Levels

If Bitcoin Fails To Keep Its Current Levels, The Crypto Market May Experience Another Steep Downfall
What seemed a week of upwards momentum for the crypto sector vanished in the past 24 hours, as Bitcoin suffered from a massive price hit. The leading cryptocurrency to date saw an almost $200-per-minute slump, forcing the market to retreat below $200 billion total capitalization.
Apart from Bitcoin, which almost deleted its gains from the start of the week, other crypto projects felt the same downwards push. Ethereum (ETH) lost 7% off its price, currently trading at $159,20 despite a weekly high of $172.
Ripple (XRP) fell with 7% pricewise, shaking hands around $0.1886. The third-largest cryptocurrency almost managed to mitigate the massive price drop due to the COVID-19 virus outbreak, reaching levels of $0.203868. The rest of the top-100 chart is almost entirely in the red, with projects losing 2-10% of their gains from the past week. The stablecoin realm managed to record increased trading volumes, mainly due to outflow from holding Bitcoin.
Crypto traders noted that Bitcoin’s $6,900 trading level is the first major support zone for crypto bulls. If the weekend pressure manages to overcome the bullish resistance, the next possible low for Bitcoin is expected at around $6,000. Crypto trader Michael van de Poppe commented on the current market situation, noting that “we might see a liquidity shortage at $7,500-7,700, which would result in a sharp price drop.”
Indeed, crypto experts pointed out that technically, Bitcoin formed a “double-top” bearish formation, which bulls didn’t manage to hold. Some experts think the downwards correction is most probably due to whale traders. Twitter crypto bot WhaleAlert exposed a series of mid-size transactions from exchanges to private crypto wallets. The amounts, ranging between 900 and 5,000 BTC, are too small to be classified as internal restructuring, but large enough to be noticed. For example, WhaleAlert tweeted about a 5,000 BTC transaction (worth $36,484,419 at the time of publication) between Bitfinex and a yet unspecified wallet address.
It seems whales are moving their stash to somewhere safe, probably expecting another portion of a downward correction, which correlates with the increased trading volumes in stablecoins, as they are commonly referred to as a gateway between fiat and crypto.
Meanwhile, the crypto market seems to be engulfed by fear, according to the Fear & Greed Index. The index indicates a measure of 15. The traditional stock market seems a bit more trustworthy, at least from the Index reading of 43, as the U.S. Federal Reserve issued at least two trillion in stimulus packages to U.S. citizens.
However, some crypto projects continue to thrive amid the global market recession and virus outbreaks. ChainLink (LINK), for example, managed to go up 32% just from the past week. The oracle platform’s token also almost doubled itself from the COVID-19 lows of mid-March. However, LINK is still 38% of its all-time high of $4,97, recorded days before the massive market wipe-out.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

DON’T PANIC. The Guide To The Current Situation In The Cryptogalaxy

DON’T PANIC. The Guide To The Current Situation In The Cryptogalaxy
In the last month, the world markets are experiencing dramatic events. In light of the coronavirus pandemic, an economic crisis is unfolding in the world. Because of quarantine actions across the world, many manufactures and non-food stores are being closed, the level of product turnover is falling. Small and medium-sized businesses suffer huge losses due to downtime, the unemployment rate increases and the purchasing power, in the opposite, decreases.
The value of the CBOE VIX index, reflecting the level of market volatility, increased the value to 82 points, for comparison, during the 2008 crisis, this index did not exceed 80 points, and in recent years it has been held at the level of 15-25 with peaks up to 45. Against the background of total panic among investors, on March 30, Brent crude updated the minimum of November 2002, falling to the level of $22.6 per barrel. The S&P, Dow Jones and Nikkei indexes are critically losing their positions. Experts note that the downward trend began even before the announcement of the COVID-19 pandemic, but the spread of the disease played a crucial role in the crisis increase.
by StealthEX
At the same time, digital assets also found themselves in a zone of turbulence: in the middle of the month, the price of bitcoin fell to $3800, followed by the price of altcoins. Panic sale leads to a chain reaction, many investors are getting rid of the cryptocurrency which is considered a risky investment, and the price of coins continues to decline.
The cryptocurrency market highly depends on what is happening in the world, so it will strengthen and continue to grow only when the situation with the pandemic becomes clear and less unpredictable. Therefore, the main task at this stage is to maintain composure and don’t give in to emotions when making decisions.
Despite the extremely uncertain situation, most analysts now give fairly favorable forecasts. Judging by the latest fluctuations in the exchange rate, the cryptocurrency market has come out of an uncontrolled fall. In their opinion, we expect a long flat with a slow trend of price growth against the background of halving. Despite bearish trends and skidding at $6,500, at the close of the quarter, bitcoin was able to hold above the important support level of $6,400. Michaël van de Poppe, a cryptanalyst of the Amsterdam Stock Exchange, believes that now bitcoin is in the stage of consolidation and will gradually pay off in the next 4-6 years. Tuur Demeester, analyst and founder of Adamant Capital, suggests that holding the $6,300 level could be a key resistance level before the bull market can resume.
Similar dynamics are predicted for altcoins, which maintain a high correlation with the first cryptocurrency.
Here’s what the quarterly charts for BTC, ETH and XRP look like:

Bitcoin chart for 3 months. Source: CoinGecko

Ethereum chart for 3 months. Source: CoinGecko

XRP chart for 3 months. Source: CoinGecko
Also, experts in cryptocurrency research believe that the current situation in the oil and stock markets can have a positive impact on digital currencies. WTI oil, like Brent, fell to the level of 2002, trading around $20 mark. Black gold continues to look very vulnerable as well as the prospects for the oil market in general.
At the end of the first quarter of 2020, the bitcoin exchange rate decreased by 13%, but in comparison with traditional stock markets, the first cryptocurrency showed more successful results. The S&P 500 index, which includes shares of the 500 largest companies by capitalization, fell 19% to 2,584 points. This is the worst figure since 1938. President Trump’s proposal to allocate $2.2 trillion to support the American economy is criticized by many economists as leading to more problems than offering a real solution. They consider hyperinflation as the most likely scenario for the next year.
Since cryptocurrencies are not subject to inflation and are not in control of governments and banks, many predict that digital assets will be popular as a tool for hedging risks.
Earlier co-founder and CEO of Gemini exchange Tyler Winklevoss stated in his twitter:
https://preview.redd.it/xc61jsazlls41.png?width=768&format=png&auto=webp&s=06084bd6d511f93da4c485cd7eb3281566f2c4cc
The founder, head and CEO of the Galaxy Digital, Michael Novogratz, also believes that cryptocurrencies with mathematically limited emission could be a safe haven in the face of inflation.

Peter Brandt called the current crisis a “perfect storm” and noted that it could be a crucial period for Bitcoin. It is at this point that the coin can reveal itself as a protective asset and grow in price. In his tweet of March 23, he also advises treating cryptocurrencies as insurance policies rather than investments.
Trading volume on 22 popular crypto exchanges increased by 61% in the first quarter compared to the previous one — to $154 billion.
In March, major cryptocurrency exchanges recorded a sharp increase in the number of new users. Pierre Richard strategist of the Kraken exchange believes that people who are concerned about the futile efforts of the authorities to contain the crisis against the background of the pandemic feel the need to leave the centralized financial system.
With other positive aspects, we should not forget that cryptocurrencies remain extremely susceptible to manipulation by major players. That collapse, which we experienced in the middle of the month, allowed corporations to buy coins at an extremely low price and, in fact, nothing can prevent them from attacking the market in the future.
Whatever happens on the market, you can always exchange coins at StealthEX as we always have unlimited exchanges without requesting personal data. A large number of currencies available for exchange will allow you to create your investment portfolio in the most suitable way for you.
Original article was posted on https://stealthex.io/blog/2020/04/09/dont-panic-the-guide-to-the-current-situation-in-the-cryptogalaxy/
submitted by Stealthex_io to StealthEX [link] [comments]

Will the Halving Market Still Come, with the Sagging Economy and Plummeted Bitcoin?

Will the Halving Market Still Come, with the Sagging Economy and Plummeted Bitcoin?


Since March, the global financial market weakened, and the halving market of bitcoin has stopped sharply. There has been a plunge in prices, which were severely cut within 24 hours. The next scheduled halving is around the corner some 48 days later, will the halving market come on schedule? What should investors choose, to get out of the market or stick to it in the whipsaw market.


Bitcoin Drops More Than 50% in 24 Hours
In May this year, Bitcoin will be confronted with a third halving. In a certain long period of time, the entire cryptocurrency realm has been talking about the “halving market”. However, in 24 hours from the evening of March 12, Bitcoin dropped to $3,800 in the lowest, a plummet of nearly 52%. The market became extremely tragic, some even joked that the halving market is the slash of the price in half.

1-Hour Chart of BTC (From 58COIN)
This plunge is also a test for the entire industry, especially the trading system and risk management of digital currency exchanges. During this round of slump, exchanges including Huobi Global and OKEx, because of their outdated trading systems, have experienced downtime accidents, making the situation for investors even worse. However, 58COIN ensures user’s trading experience with a perfect trading system, and some users of it even made a profit of 1.26 million Yuan with a cost of 700 Yuan in one hour.
This bloody plunge in bitcoin not only triggered a huge shock in the entire industry, but even made some believers in bitcoin begin to wonder whether the halving of the bitcoin market is over?
The Halving Market is not Over
A series of complex factors, including the sudden outbreak of COVID-19, international frictions, and oil price wars, etc., have resulted to this plunge, causing chaos in the digital currency realm even the entire financial market, which is indeed an abnormal economic state.
In recent days, with the continuous release of favorable policies by the global central banks to boost the economy, especially with the help of the Federal Reserve’s unlimited lax policy to rescue the market, global stock markets have stopped falling and rebounded, so does bitcoin, currently maintaining around $6,700.
Besides, seeing from the previous two halving, it’s easy to find that the two big bitcoin rising markets did not appear before the halving, but just a small peak. The real market usually starts half a year or a year later after the halving, reaching to the summit after more than one year. Therefore, it is too early to assert that bitcoin’s halving is over.
Halving + Growing Supporter Size Help Bitcoin Soar
In the short term, although China’s epidemic is under control, the global epidemic is already in an enlarged stage, especially in Europe and America. Under the crisis, investors may sell non-cash assets and retain cash assets in the broad sense. Therefore, in this case, the halving market may lag behind.
But in the long run, Bitcoin’s scarcity and immutability determine its value basis. The halving of Bitcoin will keep its inflation rate at the same level as gold, at about 1.7%. In terms of scarcity, Bitcoin is basically comparable to gold.
Besides, compliant exchanges such as BAKKT and CME are becoming mature, making it easier and smoother for institutions and qualified investors to enter the digital currency industry, and the volume and proportion of derivatives transactions have increased, making institutional investors’ risk hedging tools increasingly abundant. It is expected that during this halving cycle, Bitcoin will become part of the asset allocation of more institutions and qualified investors.
In summary, it can be judged that this plunge belongs to the callback period of bitcoin halving. Each round of sharp decline also indicates the opportunity of the market outlook. Cheap chips will be hoarded, waiting for the next wave of hype and explosion. In the so-called big break, we hope that investors can survive the worst bear market and welcome the all-round bull market.
submitted by 58CoinExchange to u/58CoinExchange [link] [comments]

The basic principles of trading on a cryptocurrency exchange

The basic principles of trading on a cryptocurrency exchange
What are the basic principles of trading on a cryptocurrency exchange? If you have already acquainted with trading, then, most likely, you already know these basics. All that is required of you in order to make a profit is to buy cheaper and sell more expensive. Of course, there is a whole set of tools, tactics, and strategies in order to determine when it is better to buy and sell currency.
The main components of any cryptocurrency exchange look like this:
  • schedules;
  • orders for buying and selling;
  • transaction history;
  • trading volume.
According to the charts, we determine the trend of whether the value of the currency is on the decline or on the rise. Charts are different in appearance. For example, some display changes at 15-minute intervals, and some display changes once a day.
Orders are, roughly speaking, user requests for the purchase or sale of currency. According to the history of transactions, you can track which transactions were conducted on the stock exchange recently and with the help of which tools. By the volume of trade, you can judge how much cryptocurrency has passed from one hand to another in a certain period of time.
Popular cryptocurrency exchanges
If you want to study the cryptocurrency exchanges yourself and find the one that suits you the most, we advise you to pay attention to the following characteristics:
  • Regulation and trust.
  • Location of the exchange.
  • The percentage that the exchange takes from the transaction.
  • Liquidity.
Keep in mind that all cryptocurrency exchanges are divided into 2 types:
  • where Bitcoin and other forks can be exchanged for fiat;
  • where bitcoin and other forks are exchanged only for other cryptocurrencies.
It is worth noting that the volatility of altcoin pairs (for example, DASH / BTC) is usually much higher than the volatility of pairs consisting of bitcoin and fiat currency. This is why trading using bitcoin-based pairs is associated with less risk - but also with less income. It is also worth remembering that the optimal trading style for such dissimilar pairs can vary significantly.
It is best to arrange a test period of several months, during which crisis periods will be replaced by boom periods. If after such a long check you are able to maintain a positive trend, you can start investing more significant funds.
https://preview.redd.it/ozzj5x4wjwp41.png?width=1200&format=png&auto=webp&s=96d004b2f27c6609007d09cc03217c41670b4024
submitted by Cryptology_Exchange to cryptologyexch [link] [comments]

Seems like a good candidate for a 10 X or 20 X ?

CoinMetro (XCM) is currently sitting at ~350K market cap and rank 1220.
It’s an exchange registered in the EU (Estonia) and started by a guy called Kevin Murcko, who is fairly well-known in the financial services world and a board member at the European Crypto Association.
CoinMetro’s strategy seems to be to build an exchange with really nice UX/UI, particularly with a view to making crypto accessible for newbies. One of the things that got me excited is that they’ve implemented a similar idea to eToro’s copytrader (they call it “Trade Mirror”) – meaning you can allocate funds to automatically copying the positions that more experienced traders open. It’s essentially a way to remove the barriers to entry for people who don’t have the time, knowledge or experience to manage a crypto portfolio for themselves. This is something that allowed eToro to grow very rapidly (they recently hit 12M active users in 140 countries) – it gives ordinary people exposure to markets they wouldn’t otherwise have the ability to trade. (NB, you already can trade a few top-20 cryptos on eToro, so it’s not a totally untapped market).
Coinmetro also seem to be experimenting with the mechanics of placing orders to try to make it less daunting - so you can buy via “Simplex” which is essentially Uniswap (just bang in what you want and off you go), you can choose “Express” for a normal exchange experience, or “Pro” to add in features like margin trading, indicators, advanced charting, etc. If you go check out the exchange you can see they’re trying to do something fresh and engaging with it. It’s not quite there yet, but hey, ~350K market cap and early days.
Other stuff to note… it’s a fully licensed Fiat on-and-off ramp (licenses are here and here); they do 24/7 support chat (which I’ve used, and it’s actually good)… token economics are pretty sensible, with 330M max supply (only about 8.5m in circulation). Much like BNB, the token gets you discounts on trading fees, but you do it by locking up the token (which will promote scarcity) and there’s a smart contract in place that automatically market-buys XCM using all of the exchange fees they collect (i.e. there’s a perpetual buyback in place). In other words, demand for the token scales with demand for the exchange. XCM tokens bought in this way are locked up for 4 years.
What else… they’ve managed to accrue a decent enough grass-roots following so far with about 4k on Twitter, 3.5K on Facebook, 1K on LinkedIn. There’s 24 team members listed on LinkedIn, who all seem to be human people (they’re currently recruiting more). The CEO does weekly AMAs in the Telegram; he does quite a bit of public speaking and appears on crypto vlogs like Bloxlive fairly regularly. The native iOS and Android apps were just released, with and are well-rated so far (4.6 out of 5). There’s over 200 articulate, well-researched blog posts on the site itself, and about 50 on their Medium. The 2020 roadmap is here and worth a look.
In my opinion, they’ve mostly been held back by poor timing so far. They started to promote the product just before the bottom fell out of the market in 2018 (their ICO opened 11th December, less than a month before the 6th January crash). They still raised $15 million, and have apparently still got plenty of gas in the tank (their last accounts filing shows $6.5 million). Oh, and the fact you can only buy XCM on Coinmetro itself right now! Volume is currently pretty shocking, but the roadmap covers some of the ways they’re planning to grow it (B2B outreach, ambassador programme, new marketing director)
I mean, in a market where whitepapers regularly get 100m valuations, I see absolutely no reason this can’t 10X or 20X. As an example of a "lesser-known" exchange, KuCoin Shares (KCS) is currently at 100M market cap, which would be a 250X from here. In the last bull run, KuCoin hit $1.8 billon market cap – which would be a like a… 4000 X ?
I mean, this seems to me like the definition of a moonshot. Tiny market cap, huge upside, good fundamentals, asymmetric risk profile.
Thank you for coming to my TED talk. What do you think?
submitted by Meowface_the_cat to CryptoMoonShots [link] [comments]

𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 𝕾𝖚𝖕𝖕𝖔𝖗𝖙 𝕹𝖚𝖒𝖇𝖊𝖗 +1-855-937-4225

𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 𝕾𝖚𝖕𝖕𝖔𝖗𝖙 𝕹𝖚𝖒𝖇𝖊𝖗 +1-855-937-4225

Unlike private cryptocurrency wallets that gives you total freedom to use your bitcoins or ether as you see fit, Coinbase has placed some
limitations with regards to spending and receiving digital currencies. Under Section 6.4 of the user agreement, for example,
Coinbase reserves the right to monitor your account and keep track of where you send and receive cryptocurrency to make sure you're not using it for purposes that fall under what's prohibited.
"Prohibited Use and Prohibited Business," which can be found under Appendix 1 of the user agreement, covers a wide array of activities and businesses,
such as online abuse, gambling, high-risk businesses, illicit drugs, pornography, and pyramid schemes, to name a few. Violating this can result in the sudden suspension or termination of your Coinbase account

.
While these prohibitions seem reasonable on the surface, It's still worrisome as it technically prohibits us from using our bitcoins on businesses Coinbase deems high risk.
This is a slippery slope in and of itself since cryptocurrency exchanges can very well fall under this umbrella. So if you transfer bitcoins to an
exchange site like Binance to purchase other less popular cryptocurrencies like monero, Coinbase can potentially suspend or terminate your account without notice and freeze any in-app assets you may have in the process.
First, the “trading pair” (or, “currency pair”) is the product being traded.
In the above screenshot the product is ETH, and the “quote currency” is USDThis means that traders are buying and selling the cryptoasset ethereum, priced in dollars
.The order book shows all the bids and asks at a given time. A “bid” is the price at which a buyer will buy, and an “ask” is the price at which a seller will sell.
The order book also shows the aggregate amount of asks and bids (supply and demand) at a given price, called the “market size.”
The “depth chart” is another way to visualize the order book, showing cumulative bid and ask orders over a range of prices. Coupled with volume — or,
the total amount traded over a given time period — the depth chart provides a good way to measure “liquidity.” Liquidity describes how easy it is to turn an asset into cash.
For instance, if ethereum suddenly saw a massive sell-off, there might not be enough buyers, or enough “liquidity,” for sellers to sell to.
Lastly, the “mid-market price” is the price between the best “ask” price and the best “bid” price. It can also be defined as the average of the current bid and ask prices.
Coinbase operates both an order book exchange, called the Global Digital Asset Exchange (GDAX), and a brokerage, called Coinbase.
More advanced traders (including small institutional players, like cryptoasset hedge funds and family offices) buy and sell cryptoassets on
GDAX and determine the mid-market price. Coinbase (the brokerage) then allows retail investors to buy and sell cryptoassets at these mid-market prices, and charges a fee on top.
In practice, retail investors can buy and sell directly from
Coinbase’s brokerage, like they might buy a stock from Scottrade or Charles Schwab. Coinbase’s brokerage

range from roughly 1.5% to 4.0% depending on the user’s payment method; due to increased risk, credit cards come with higher fees than bank transfers. Traders on GDAX pay significantly lower fees.
Of note, Coinbase’s brokerage buys cryptoassets from GDAX, instead of from an outside exchange. This gives the company a secure in-house
source of liquidity. Given how often exchanges are hacked or otherwise
compromised, this is quite important; Coinbase’s brokerage doesn’t have to rely on anyone else for liquidity.
There are a lot of exchanges on the market that aren’t as trustworthy as they claim to be, which is one of the reasons I am writing this Coinbase review — to show you how legitimate Coinbase is, among other things.
So, is Coinbase legit? Well, the truth is, Coinbase is probably as legit as it gets.
Just to operate in 30 states of the U.S. alone, it has over 40 different licenses. This ensures their practices are legal and that they handle your money with integrity.
If you’re reading this Coinbase review, the first thing you need to know is whether or not you can use this exchange in your region.
Coinbase can be used in many countries to do transactions like sending, receiving or storing funds. However, Coinbase’s buy and sell features are only
available in 32 developed countries around the world.
So, be sure to check whether you can use Coinbase from your country
before you attempt to sign up.
submitted by dsf34578 to u/dsf34578 [link] [comments]

Bitcoin Forecast for 2020

There was a lot of excitement relatively recently around the cryptocurrency market, but over time, prices reached a logical level, returning the development of the industry to a normal rhythm. Despite the decrease in value, investor and user interest in BTC and altcoins is steadily growing.
Against the backdrop of the cryptocurrency boom, at the end of 2017, many believe that the cryptocurrency sphere is fading, but this is not true. According to numerous expert forecasts for the Bitcoin exchange rate for 2020, everything goes on as usual. It is this coin that takes first place in the market in terms of capitalization, and based on its rate, prices for other popular coins are determined.
How much will Bitcoin cost in 2020 and how will altcoins behave amid a change in the course of the main blockchain project? How will investors earn on digital assets and will mining remain relevant in the future?
What are the features of BTC?
Bitcoin is the symbol and flagship in the world of cryptocurrencies. In terms of economics and the traditional financial system, BTC is a digital product with a limited supply. The algorithm of the blockchain project is so arranged that there can not be more than 21 million tokens in the system. Each of them is called Bitcoin.
The developers programmatically calculated the emission schedule, and it is currently known to everyone. Based on it, some are trying to calculate the approximate cost of Bitcoin in 2020, but in reality, some other criteria affect the rate. When all the coins are issued, their total number will cease to change. The economic system of the blockchain project is based on deflationary principles, and this causes concern among financiers who are used to working with the traditional economic model.
Briefly about Bitcoin at the end of 2019
To date, the prospects for Bitcoin for 2020 are very good. Each BTC costs about $ 9,500 and analysts predict further growth. The capitalization ratio exceeds $ 150 billion. Over the past three months, the value of coins against the dollar decreased by several thousand - back in June, for each BTC on the exchanges they gave $ 13,400. Gradually, quotes fell to $ 7,000, but the coin won back to higher limits.
Prerequisites for the fall began to appear in July, and the market was adjusted almost the entire month. Correction is a natural process after spring growth. Many analysts sought explanations for the growth of Bitcoin in April, but in reality it was a regular pump.
In mid-August, contrary to many forecasts, Bitcoin was trading at $ 10,000, after which the price dropped to $ 7,000. At the end of October, the price returned to $ 10,000 again. The sharp rise in prices in a few days caused a lot of emotions among experts who did not expect such an increase. The main reasons include the plans of China in relation to blockchain technology.
What affects the rise and fall of Bitcoin in the market?
Forecasts for the BTC rate in 2020 are based on many factors that may affect the value of digital coins. Among the key criteria that are likely to affect the rate of tokens in the near future, there are:
  1. Creating an appropriate political foundation for the distribution of digital coins. The president of America is opposed to cryptocurrency, but the preservation of the post for him remains in question. In addition, there are supporters of blockchain technology in the US government today, especially against the backdrop of increased Chinese interest in this innovation. Americans are very afraid to lag behind their colleagues, so they should contribute to the development of cryptocurrencies and BTC in particular.
  2. Increase in trading volumes at Bakkt. Currently, the platform has little effect on the Bitcoin exchange rate, but it attracts the largest institutional investors. The project still has prospects, despite not the most active start. If the largest companies begin to appear in the cryptocurrency industry, BTC will definitely get a powerful boost.
  3. Adding BTC to financial exchanges. The appearance of Bitcoin on traditional exchanges will positively affect its course. If Wall Street companies begin to recognize the main coin, its value may increase significantly. To do this, BTC must be a regulated financial instrument, and this goes against the basic principles of developers.
  4. Lack of panic. Traders are now in a not-so-pleasant situation, especially those who managed to buy at the upper limits. At the same time, the massive drain of digital assets is very undesirable. If the holders keep their assets, the situation will necessarily stabilize, and by the end of the year Bitcoin will show significant growth.
  5. News. News background is one of the most powerful tools affecting the rate of Bitcoin and other coins. An important role is played by the launch of new blockchain projects, rumors about the emergence of powerful partners, statements by major investors, the recognition of cryptocurrencies at the state level, and much more.
There is a high probability that the value of the main coin in the market will continue to fluctuate until the end of the year.
Forecasts of the Bitcoin rate from well-known analysts
Many novice traders are looking for Bitcoin exchange rate forecasts to invest profitably and choose the right moment to buy or sell tokens. Analysts differ, but we have compiled for you some of the most authoritative among them.
J. McAfee, who created the popular McAfee Security antivirus, back in 2017 expected a price increase of BTC to $ 1 million. He still claims that he built the forecast not on intuition, but on a special model, but its essence is not disclosed. He promised that if his forecast does not come true until 2020, he will eat his genital organ. He is probably already very sorry about the statement.
Fundstrat analyst Tom Lee predicted BTC price growth in 2020 to $ 91 thousand. He conducted voluminous analytical work and focused on the cryptocurrency chart over the past nine years. He recently adjusted his forecast and said that at the end of 2019, the coin will cost $ 20,000.
The creator of the consulting company Crypto Solutions P. Anagnostu believes that in 2020 the price of BTC coins will exceed $ 50,000 per coin. Exact numbers are not reported, but he expects a rate in the range from 50,000 to 100,000 dollars.
An analyst from Bitcoinist named O. Avan-Nomayo noted that the price of Bitcoin should rise to $ 20,000 in the next six months. The forecast was based on the tendency of a decrease in remuneration by miners every 4 years.
D. Harriston, an analyst from Coinspeaker, believes that Bitcoin should rise to $ 30,000 in 2020. The expert is guided by the aspects of the three values ​​of the coin - consumer, investment and issue.
There are also unfavorable forecasts on the main digital coin exchange rate for the next year and the coming months.
Is it worth investing in BTC?
The risks of investing in cryptocurrencies have always been and remain. To minimize them, you need to carefully weigh and analyze everything. It is important to study information about the exchange through which you will buy tokens. The main significant factor is the period of stable operation of the blockchain project, but there is no such problem with Bitcoin - the platform is proven and reliable.
The main thing is not to buy digital assets for the last money, because in the event of a collapse in the market and a drop in BTC in price, you can not sell currency for nothing. You need to save coins until the course returns to its previous mark. All experienced traders try to stick to this plan, but not everyone has the patience.
We can definitely say that stock markets are likely to suffer in 2020, and Bitcoin prices should rise. Stable growth of the coin against the dollar is expected, but each investor decides by himself when to leave the game and to sell BTC.
submitted by vadim77top to u/vadim77top [link] [comments]

SQ. I compiled information, with sources, so you don't have to.

SQ. I compiled information, with sources, so you don't have to.

Financials

Q1 2019 Shareholder Letter
Q1 2019 Highlights
  • Total net revenue $959 million, +43% YoY.
  • Adjusted revenue $489 million, +59% YoY.
  • Adjusted EBITDA $62 million, +72% YoY.
  • Net income (loss) per share ($0.09), -50% YoY. (Due to investment in Eventbrite, not including Eventbrite net income (loss) per share was ($0.06), 0% YoY)
  • Adjusted net income per share $0.11, +83% improvement YoY.
Q2 2019 Guidance
  • Total net revenue $1.09B to $1.11B
  • Adjusted Revenue $545M to $555M
  • Adjusted EBITDA $90M to $94M
  • Net income (loss) per share $(0.07) to $(0.05)
  • Adjusted EPS (diluted) $0.14 to $0.16
Q4 2018 Shareholder Letter
Q4 2018 Highlights
  • Total net revenue $933 million, +51% YoY.
  • Adjusted revenue $464 million, +64% YoY.
  • Adjusted EBITDA $81 million, +97% YoY.
  • Net loss per share ($0.07), -75% YoY. (Due to investment in Eventbrite, excluding Eventbrite net loss per share was ($0.03), +33% YoY.)
  • Adjusted EPS $0.14, +75% YoY.
Q1 2019 Guidance
  • Total net revenue $918M to $938M
  • Adjusted Revenue $472M to $482M
  • Adjusted EBITDA $47M to $51M
  • Net income (loss) per share $(0.12) to $(0.10)
  • Adjusted EPS (diluted) $0.06 to $0.08

News

Square Quietly Launches Program For CBD Cannabis Company Credit Card Processing | May 22 2019
Companies that sell cannabis products—even those consisting of CBD derived from hemp, which was legalized in the U.S. through the Farm Bill late last year—are continuing to have trouble accessing basic financial services that are available to businesses in other sectors. That includes being able to maintain bank accounts and process their customers' credit cards. “Square is currently conducting an invite-only beta for some CBD products,” a spokesperson for the company said in an email. When asked about the reasons for the launching the new program, which comes after years of refusing to work with CBD companies, the spokesperson said that the company closely watches evolving public policies and strives to create new opportunities for clients.
Square Spends $20 to Acquire Each New Cash App User | May 16, 2019
Square's (NYSE: SQ) Cash App has grown to become a meaningful contributor to the company's top-line growth. The peer-to-peer payments app turned financial multitool is the No. 1 driver of its subscription and services segment, management said at the J.P. Morgan Global Technology, Media and Communications Conference. During that conference, CFO Amrita Ahuja noted the company's per-customer acquisition cost for Cash App is about $20. That's actually quite low relative to other financial services, and even compared to other apps.
Square’s AI Platform Could Transform SQ Stock | May 13, 2019
Eloquent Labs is the developer of Elle, which can converse intelligently with a customer through a conventional online-chat platform without any human input from the service provider. While resolving complex customer-service needs remain currently out of reach, Elle can easily handle simpler-but-distracting tasks like returns and product-tracking.
Square teams up with Postmates for delivery partnership | May 9, 2019
Through the arrangement, Square SQ, sellers will be able to use Postmates couriers to get goods to customers who call up to place orders or visit a store. Merchants will be able to integrate Postmates with their existing Square point-of-sale systems.
Square's Bitcoin Platform Remains Surprisingly Profitable | May 7, 2019
Square's bitcoin revenue accounted for 6.8% of its net revenue during the first quarter, compared to 5.1% in the prior year quarter. However, Square's bitcoin profits only accounted for about 0.2% of its gross profit during the quarter, versus less than 0.1% a year earlier. Square's bitcoin business won't move the needle anytime soon, but its top and bottom line growth is impressive, especially since bitcoin shed roughly 40% of its value over the past 12 months. If bitcoin's price rises again and it attracts more buyers, Square's bitcoin revenue and gross profits could surge much higher.
Instead of viewing Square's bitcoin platform as a separate business, investors should see it as part of the company's long-term plan to lock users into its Cash App. Cash is one of the top peer-to-peer payment apps in the U.S. alongside PayPal's (NASDAQ: PYPL) Venmo and the bank-based Zelle, and it's still growing rapidly. Last quarter Square stated that its Cash App payment volume rose nearly 2.5 times annually. For comparison, PayPal stated that Venmo's payment volume rose 73% annually in its most recent quarter.
How Square's Cash App Makes Money (SQ) | May 6, 2019
Square makes money from Cash App by charging businesses transaction fees for using its software. For a 1.5% transaction fee, individual users can expedite deposits to have them transferred immediately into their bank accounts instead of waiting the standard deposit time. They can also send personal payments from credit cards for a 3% transaction fee.
Village Financial Cooperative partners with Square to bring tech and education to the North Side | Apr 18, 2019
Minnesota’s first black-led credit union is partnering with Square to bring financial education and technology to North Minneapolis. Village Financial Cooperative announced the partnership with the San Francisco-based financial technology company on Thursday. In a statement, the credit union made the case that its mission to empower the black community required it to be at the forefront of financial technology, shaping products and practices. Me’lea Connelly, the credit union’s vision and strategy lead, said the partnership, which includes the city of Minneapolis, was a year in the making. It will officially launch April 27 during “Village Squared: A Black Economic Empowerment Symposium,” one of the events closing out Minneapolis Tech Month.
Square (SQ) to Open New Office, Expand Presence in Seattle | April 11, 2019
Square Inc. SQ recently signed a lease to buy a property in Seattle, in view of opening a new office therein. The office is expected to accommodate approximately 100 workers. We believe that the developments will enable it to carry on with new growth initiatives.
Why Square Is Hiring Cryptocurrency Experts | April 3, 2019
Square (SQ) has announced a plan to hire several cryptocurrency experts. Square’s crypto team will work on an open-source initiative as part of the company’s contribution to the development of a cryptocurrency ecosystem. Although Square says the crypto team it’s planning to create won’t focus on its commercial interests, the company still stands to benefit if the team’s efforts lead to the broader uptake of cryptocurrencies such as Bitcoin. Square operates a cryptocurrency exchange that allows users of its Cash App to buy and sell Bitcoin. In the fourth quarter, Square’s Bitcoin business generated $52.4 million in revenue, up from $43 million in the third quarter. Square is already making a small profit from its Bitcoin business even though the overall business is still seeing losses.
Where Does Square Rank in the Food Ordering Market? | April 3, 2019
Caviar is among America’s top five food ordering services. Square (SQ) runs an online food ordering and delivery business called Caviar. Through the Caviar app, people can order food from more than 3,000 restaurants across the United States and have food delivered to their doorsteps. According to the latest rankings of on-demand food delivery services, Square’s Caviar is one of America’s top online food ordering and delivery providers, but it’s currently holding on to a tiny share of the market.
Square Partners with Washington Nationals to Enable Order-Ahead and In-Seat Card Payments at D.C.’s Nationals Park | March 27, 2019
Square has partnered with the Nationals to create a concession stand that offers the only skip-the-line, order-ahead experience in the ballpark, powered by Caviar Pickup. Fans who open the Caviar app from their seats will be able to order their concessions in advance – including beer and wine for fans 21 and over – and receive an alert when their food is ready to be picked up. The stand will feature food from exclusive Caviar restaurant partners, featured in a rotating series of pop-ups throughout the season. On Opening Day, fans will be able to enjoy Hong Kong-style Chinese food from Tiger Fork, with future food options including biscuits from Mason Dixie and ramen from Toki Underground. Square Terminal, the handheld, all-in-one payment processing hardware device, will also be piloted by roving concessions hawkers at Nationals Park. Square Terminal will allow fans to pay using credit cards or contactless payments like Apple Pay or Google Pay as they purchase food and beverage items from the comfort of their seats. With Square’s point of sale and employee management software built right into Square Terminal, it’s easy for hawkers to quickly accept payments. Square Terminal will help fans who don’t carry cash, and will speed transaction times as hawkers spend less time counting change and more time making sales.
Square introduces invoice app; brings Stand to Japan | Mar. 26, 2019
App allows sellers to create, manage, and send invoices using mobile devices. “With the Square Invoices app, small business owners are able to get paid remotely and access their funds quickly and securely," says Alyssa Henry, seller lead at Square. Separately, in Japan, Square introduces Stand for iPad and its reader for contactless and chip.
Square Expands Omnichannel Offerings with New Square Online Store and a Revamped Square for Retail | March 20, 2019
The new Square Online Store allows sellers to grow their business in person and online, with a professional eCommerce website and integrated tools including Instagram selling, shipping, in-store pickup, and more. The new product also brings the Square Online Store experience to restaurants, allowing sellers to offer seamless online ordering from their website, customized pickup times across multiple locations, and the option to easily pay ahead for online orders. Square for Retail, the point-of-sale app optimized specifically for retailers, has also been completely redesigned with expanded product features. For the first time, business owners who also want to sell online can easily create a professional website and automatically connect their Square for Retail catalog to their Square Online Store, allowing them to sync their items, inventory, prices, and data instantly across online and offline channels. Sellers that use Square for Retail and Square Online Store can also enable their customers to easily shop online and pick up their purchases in store, a feature typically only available to larger retailers. Finally, the Retail point-of-sale app has been redesigned to make managing online orders alongside a brick-and-mortar store quick and intuitive.

Leadership

Jack Dorsey - CEO - $2.75
Jack is CEO and Chairman of Square, CEO of Twitter, and cofounder of both.
Amrita Ahuja - CFO -
Amrita is Square’s Chief Financial Officer. She was previously CFO of Blizzard Entertainment, a division of Activision Blizzard, and held various leadership positions at Fox Networks Group, the Walt Disney Company, and Morgan Stanley.
Kevin Burke - Marketing and Sales Lead
Kevin oversees Square marketing, sales, and partnerships, as well as international markets. Prior to joining Square, Kevin was CMO at Visa Inc.
Jesse Dorogusker - Hardware Lead
Jesse leads hardware product development at Square, including design, cross-functional engineering, manufacturing, and operations. Prior to Square, Jesse was the Director of Engineering for Apple’s iPhone, iPad, and iPod Accessories business.
Brian Grassadonia - Cash App Lead
Brian leads Cash App, the fastest and easiest way to pay individuals or businesses. Brian has held a number of leadership positions at Square including helping to launch the company’s flagship credit card reader.
Alyssa Henry - Seller Lead - $3,870,481
Alyssa leads product management, design, and engineering for Square’s seller facing products including payments, point of sale, Customer Engagement, and Payroll. She previously served as VP of Amazon Web Services (AWS) Storage Services and Product Unit Manager for Microsoft SQL Server Data Access.
Sam Quigley - Risk and Security Lead
Sam leads engineering, product management, and data science for risk and information security. As an early engineering leader at Square, Sam helped to build and scale many of Square’s products.
Gokul Rajaram - Caviar Lead
Gokul oversees Caviar, Square’s growing food ordering service. Prior to Square, he served as Product Director of Ads at Facebook and Product Management Director for Google AdSense.
Jacqueline Reses - Square Capital Lead - $3,972,968
Jackie leads Square Capital, overseeing credit products that provide sellers with access to the funding they need to grow and consumers with the ability to pay for purchases over time. She previously served as Yahoo’s Chief Development Officer and was on the Board of Directors at Alibaba Group. She also serves on the Federal Reserve Bank of San Francisco’s Economic Advisory Council.
Sivan Whiteley - General Counsel - $2,796,591
Sivan oversees Square’s legal, regulatory, compliance, and security operations. A longtime leader of Square’s legal team, she previously held positions at Better Place, eBay, and Bingham McCutchen.
Aaron Zamost - Communications, Policy and People Lead
Aaron leads Square’s communications, government relations, and community affairs efforts, as well as human resources and talent. Prior to joining Square, Aaron led business communications at YouTube and managed corporate communications at Google.

Technical analysis

Descending triangle
Daily Chart
Weekly chart

Institutions

May 16 2019 Buckingham reiterated a buy rating with a $100 price target.
May 2 2019 Needham reiterated a buy rating and lowered their price target from $95 to $90.
May 2 2019 Guggenheim reiterated a buy rating and raised their price target from $92 to $94.
April 9 2019 KeyBanc Capital reiterated an outperform rating with a $100 price target.
April 3 2019 Bernstein initiated a market perform rating with an $80 price target.
March 28 2019 Instinet reiterated a buy rating with a $105 price target.
March 27 2019 Macquarie initiated an outperform rating with a $94 price target.
March 25 2019 RBC Capital reiterated an outperform rating with an $88 price target.
February 27 2019 Canaccord Genuity reiterated a buy rating with an $88 price target.
Vanguard, Blackrock, Jennison, Fidelity, Morgan Stanley, State Street, Allianz, and Goldman Sachs are the largest institutional holders of SQ respectively, collectively making up over 25% of ownership.
submitted by nikolabs to RobinHood [link] [comments]

Send this to your depressed friends/family members who want to sell

I have a relative who's freaking out and wants to sell. This relative got in around $8500 (BTC) on the way down and doesn't understand why I'm bullish on crypto in general. I sent this email to show why. If you find it helpful, copy and paste to people you know.

Watch this quick video first:
https://www.youtube.com/watch?time_continue=303&v=KcgA-hMAozI
Then read this good Op-Ed:
https://bitcoinist.com/opinion-why-bitcoin-will-be-just-fine/
New York Stock Exchange Chairman says Bitcoin is not going anywhere and will survive:
https://bitcoinist.com/bitcoin-unequivocally-survive-nyse/
Shell and BP are selling oil on blockchains now (shows you how mainstream this is going to become):
https://bitcoinist.com/shell-bp-oil-blockchain-vakt/
More big names agreeing Bitcoin is a big deal:
https://bitcoinist.com/allianz-cryptocurrency-el-erian/
Ohio getting involved in crypto:
https://www.theblockcrypto.com/tiny/ohio-startup-accelerators-and-venture-funds-plan-to-invest-over-100m-in-early-stage-blockchain-startups/
Goldman Sachs employees are quitting left and right to work for crypto companies:
https://www.theblockcrypto.com/2018/11/30/from-banks-to-bitcoin-goldman-sachs-employees-that-have-left-wall-street-for-the-crypto-world/
G20 is going to start regulating crypto (as much as they can). The fact that they're even addressing it shows just how big a deal blockchain is:
https://bitcoinist.com/g20-regulate-cryptocurrencies-fatf/
Bitcoin compares to Mastercard in terms of transactions now:
https://bitcoinist.com/bitcoin-trading-volume-2-trillion/
Wyoming is passing bills and Ohio passed a law allowing people to pay their taxes with Bitcoin (if Bitcoin was collapsing to zero, the Ohio government wouldn't accept it as currency):
https://bitcoinist.com/wyoming-passes-blockchain-bank-bill-despite-industry-opposition/
https://techcrunch.com/2018/11/25/ohio-becomes-the-first-state-to-accept-bitcoin-for-tax-payments/
Blockchain jobs are hitting record level:
https://bitcoinist.com/bitcoin-blockchain-jobs-18-month-high/
Super important part of it all to understand - Market Capitulation (what you're feeling right now):
https://www.investopedia.com/ask/answers/189.asp
And this is a great chart of market cycles for ALL markets, not just the crypto market.
https://imgur.com/a/XFlZCgj

I wanted to add the price drops of Amazon and Apple during the dotcom bubble and then show their current highs, but I felt I was starting to overload the person. If people want to add more reasons to stay bullish, add them below!

EDIT:
--This relative isn't only in Bitcoin. I referenced the Bitcoin price to give people a time frame of when the person got involved.
--I did not advise this person to get involved in crypto. The person came to me and asked for my opinion. I was adamant that it had to be money they were willing to 100% lose and that they shouldn't look at it for 5 years.
--When I was formulating a list in my head I quickly jotted down some notes from articles I've read over the month that every single major crypto news site has also repeated. I simply went through me Feedly and picked the first major one and used their links. All the other major sites ran those same headlines and stories.
--I'm not necessarily bullish on Bitcoin for many reasons, but I am bullish on "crypto" and "blockchain".

EDIT 2:
--Yes, it's Glenn Beck, and no I wouldn't take advice for Glenn Beck if my mom was dying and he claimed to have the answer. But the guy he's talking to is delivering facts the entire crypto community is aware of if they've followed the news at all. Some people are visual so I included it.
submitted by GeniusUnleashed to CryptoCurrency [link] [comments]

Footprint Charts: Volume Concentration How to Trade Volume Profile. VPVR, VWAP , and VPSR Analysis. Stocks, Crypto, Forex. Bitcoin Chart Technical Analysis for 01-07-2020 How to Day Trade Using Volume Charts Bitcoin BTC Live Buy An Sell Signals Charts On TradingView  3 Minute Scalping  NOT Trading Advice!

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Footprint Charts: Volume Concentration

Bitcoin Technical Analysis: BTC Awaits The Next Big Move In Stocks (July 2020) Bitcoin has been trading sideways these past few weeks. It is now waiting for the next decisive move in stocks so it ... Part 1 of the Footprint chart series. Volume concentration by location within a candlestick is covered. ... Tick Scalping Techniques for #Stocks #Bitcoin #Futures - Duration: 30:55 ... Tradingview Buy and Sell Indicators: https://tradingindicators.store/ Trading analysis platform, buy and sell signals for Crypto and Forex markets – a must h... Learn how to read stock charts and identify technical patterns as ClayTrader does a quick stock chart review on Bitcoin (Bitcoin). ... 2020 Gemini Exchange Live ... Volume Landscape Live (Beta ... You can obtain about the same thing by clicking on the "Show Volume Bars" in the Options section. Step 5. Raising volume in the Bitcoin is good, but how fluid is it all?

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