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Thread: All Information About Bitcoin
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    Remember Bitcoin? Some Investors Might Want to Forget

    Last year around this time, a toy called a cryptokitty sold for $170,000. A real estate agent remade himself as CoinDaddy, producing cryptocurrency-themed music videos. The man behind a company called Ripple became for a moment richer than Mark Zuckerberg. Kids barely out of high school were buying Lamborghinis because of a crypto meme. Experts went on CNBC to say Bitcoin was going to reach $100,000 per coin.

    For a few sweet months of 2018, all of Silicon Valley was wrapped up in frenzied easy money and a fantasy of remaking the world order with cryptocurrencies and a related technology called the blockchain. A flood of joy hit the Bay Area. The New York Times ran with the trend in an article with the headline “Everyone Is Getting Hilariously Rich and You’re Not.” It was temporarily true.

    And just as the American public had been given every possible blockchain explainer that could be written, the whole thing collapsed. The bubble popped.

    Today the price of Bitcoin — $19,783 last December — is $3,810. Litecoin was $366 a coin; it’s now $30. Ethereum was $1,400 in January; today it’s $130.

    One recent crypto holiday party offered “broken Lambo dreams and an open bar to drown your sorrows in.”

    This December closes out cryptocurrency’s most exciting year, ending in a terrible, sober headache of a winter.

    At the meetups and the work spaces that remain, those who have stayed are calling this “the winter of crypto.” Believers say this is only “the trough of disillusionment,” pointing to a chart that posits all new technology goes through a similar trough before exploding into inevitable glory.

    Those still chipping away at crypto dreams insist that this is all a good thing because only the serious ones, the true crypto believers, remain.

    “It’s painful to lose money, but it’s a necessary step,” said Robert Neivert, an investor with the venture capital firm 500 Startups. “2018 was about moving from hype to product.”

    This year, the blockchain industry — a subset of the cryptocurrency industry that would very much like to live on its own — went through a Cambrian explosion. But first, an explanation of the blockchain: A blockchain is a relatively new kind of database that was initially introduced with Bitcoin. It is not the digital currency. It is the underlying technology that helps manage the currency. Most important, it is decentralized so no one person, government or business controls it.

    Blockchain became a solution for everything — blockchain for journalism, for pot, for dentists. At the kernel of it all was real technological progress and a growing understanding that this decentralized technology could transform financial systems. But the excitement spun out of control.

    Even adding the word “blockchain” made stock soar. When Long Island Iced Tea Company changed its name to Long Blockchain Company, its stock went up 500 percent in a day. Scammers flooded the space, launching dubious new investment schemes called “initial coin offerings.”

    The computing power needed to “mine” a Bitcoin or other cryptocurrency is now sometimes costing more than that coin is worth. Mines — actually, they are electricity-needy data centers — are shutting down. Images of electronics piled up on street corners are going viral. As demand for Bitcoin has dwindled, Bitcoin’s algorithm has adjusted and the coin has become easier to mine.

    But this is actually good, crypto experts argue.

    “The fact that miners are shutting down and difficulty is decreasing is a feature, not a bug, of bitcoin’s design,” the venture capitalist Arianna Simpson wrote on Twitter.

    Some in the cryptocurrency business would just like the world to know that there are still people working on it. Julian Spediacci, a cryptocurrency investor in San Francisco with his twin brother, James, said he would like people to know that he is still alive and identifies as a HODLer, or someone who is not selling despite market fluctuations.

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    Hong Kong Bitcoin Millionaire Arrested after Throwing Cash off Apartment Building

    According to a report by the South China Morning Post, a 24-year-old man is said to have tossed bank notes from the top of a skyscraper in Hong Kong, triggering agitation from passersby below.

    The man, who was identified as Wong Ching Kit (with aliases such as “Mr. Coin” and “Coin Master”) is the owner of Coin’s Group and Epoch Cryptocurrency, a Facebook page that provides promotions for cryptocurrencies and miners. Kit is said to be a crypto enthusiast who made a large percentage of his fortune in last year’s cryptocurrency boom.

    A Facebook Live Video which captured the occurrence showed the crowd rushing to catch HK$100 ($13) notes as they rained down from a building in the Fuk Wa neighborhood, one of the countries most impoverished areas. Kit is said to have been raising awareness for an upcoming event, choosing to take a somewhat unconventional approach to market.

    While he was tossing the bills from the top of the building, the video recorded Kit telling bystanders:

    “Today, December 15, is FCC’s big day in announcing the trading race. I hope everyone here will pay attention to this important event… don’t know whether any of you will believe money can fall from the sky.”

    Although it still remains unclear who- or what- he referred to as the FCC in his declaration, a Facebook video was released shortly after the stunt where he declared that he was similar to the fictional character Robin Hood, telling anyone who cares to listen that he was “robbing the rich to give to the poor.”. The “Coin Master” also claimed that he felt it was his responsibility to teach the world about Bitcoin.

    His “charitable” action triggered a mass reaction, as passersby began to scamper in a bid to catch the bills that were falling from the air.

    The police claimed that he was arrested on charges of “disorderly conduct in a public place,” and they have also urged members of the public who were beneficiaries of his lawlessness to return the bills to where they got them. Luk Wai-hung, a local attorney, argued that while his motives for raising advertisement were understandable, his approach was the reason why he was arrested.

    He said, “How did he do his promotion? He wanted to create chaos to do it.” He also added that the maximum penalty for his offense is a 12-month prison term and a fine of HK$5,000. Innocent bystanders at the location attested to the total amount of money that was thrown away could be millions, although the police reported that they were only able to recover HK$5,000 (the equivalent of $639) from the streets.

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    63% Of Chinese Respondents Think Bitcoin and Cryptocurrencies Are Unnecessary

    A recent survey conducted by Chinese blockchain news site PANews made some interesting conclusions. Namely, overall 63% of 4,200 people surveyed think cryptocurrencies like Bitcoin are unnecessary as a payment system. However, 40% would consider investing in cryptos.

    About 14% of the people surveyed had invested in cryptocurrencies already. The majority of the people who were interested or invested were born after 1990.

    The survey broke the 4,200 valid questionnaires down by age group discovered that the majority of those who are invested in cryptocurrency in China’s investment community were born in the 1990s. Of the 372 people who indicated that they understood blockchain well, the majority were born after 1995, while the second-place group was born after 1990.

    Between the post-1990 and post-1995 group, they are almost double the group born after 1980 but before 1990, whose number was only 178 of people invested.

    Only 75 of the people surveyed had never heard of blockchain or Bitcoin at all, meaning an astounding 98.22% of people were aware of cryptocurrencies. The majority of people indicated that they did not understand it very well.

    Out of the people overall surveyed, 40% indicated that they would like to invest in cryptocurrency. While it is currently legal to possess cryptocurrency in China, the legality of buying and selling it has been questionable for years. The ICO crackdown of 2017 in which ICOs were banned and several crypto exchanges were shut down pretty much spelled the end of the open crypto markets in China.

    Still, Chinese interest in cryptos remains high and there are plenty of exchanges through which Chinese can still access crypto markets. The Great Firewall has never actually stopped anyone in China from accessing the rest of the world’s cyber resources, only made it difficult.

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    Bitcoin [BTC] will hit $100,000 if it becomes a store of value, says CryptoOracle’s L

    The new year has brought positive comments from the crypto sphere, with experts in the field calling out the positives. Lou Kerner, a partner at CryptoOracle and one of the many influencers who has voiced their opinions on the industry, is popular for being a Bitcoin bull and his recent words reflect that very fact.

    In an interview with Bloomberg, Kerner stated that Bitcoin is on its way to becoming a respectable store of value. In his words:

    “Gold right now is an $8 trillion asset while Bitcoin is a $60 billion asset. In my opinion, the value o Bitcoin can go up 100 fold that will ensure that the field of digital assets goes a long way.”

    Kerner went on to talk about the recent cryptocurrency price crash, blaming the community who ‘got ahead of themselves’. He stated that capitalism was the main issue that brought the prices down. The CryptoOracle official had earlier said that the field of cryptocurrencies had seen the up-down price movement before by adding:

    “For as long as I can remember, Bitcoin has followed this pattern: this continuous rise and fall throughout the spectrum. If you compare Bitcoin of today and Bitcoin of yesterday, you will not see any change.”

    During the interview, Kerner went on to say that the industry disruption from Bitcoin will be much more than the disruption caused by the advent of the internet. According to him, Bitcoin is like Yahoo-it is a big thing but not ‘the’ thing. He was also of the opinion that the industry is at the very beginning of its growth and that in 20 years, the cryptocurrency is going to trade at astronomical heights. Kerner stated:

    “If Bitcoin becomes a good store of value, then it will hit $100,000. The current dip is normal in cryptocurrencies and is evident if you look at the history of other currencies. Across history, you can see that almost all the coins have dipped to zero.”

    Kerner furthermore said that the dollar is a Ponzi scheme and that there was no possible way for America to pay off the trillions of dollars’ worth of debt. He also mentioned that since Bitcoin has no functional governance, it struggles to evolve. This evolution is not mandatory for Bitcoin to become a store of value but rather to become a currency. The Bitcoin bull also claimed that investors need not worry about the prices as Bitcoin is going up in 2019.

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    Happy 10th birthday, bitcoin. It’s amazing you still exist

    Bitcoin, the Big Daddy of cryptocurrencies, which celebrates its 10th birthday today, rarely inspires temperate or informed debate.

    For its detractors – mostly elderly bankers and economists – it is tulip-mania, moonshine, hi-tech smoke and mirrors. For its most fanatical adherents – techies and latter-day hippies – bitcoin is not merely a viable currency, but salvation: a universal panacea, not just to combat governmental ineptitude or malevolence, and poverty, but to end them. Hallelujah and kumbaya.

    The sneerers cite the rampant criminality in the ranks of the cryptosphere. It is true, in the 10 years since bitcoin was born on a couple of desktop computers – becoming an entity worth more than the M1 money supply of Argentina – its retinue has accommodated an incredible rogues’ gallery. There have been old-fashioned cony-catchers, saltimbancos and bubblers who did a runner with other people’s money in the time-honoured manner, but also drug-dealers, murderers and blaggers – not to mention the lethal dreamers and false prophets.

    But as the stalwarts of crypto will gleefully point out, the desperados and flimflammery encountered in these new forms are but a mirror of the better-tailored dishonesty found in the City of London or any of the world’s financial centres. There is hardly a bank left that has not been caught money-laundering, market-rigging, misselling or involved in miscellaneous misdeeds.

    Cryptocurrencies are fiendishly complex – just a basic understanding requires a maths and IT background. And, like lawyers, even those developers who do know something rarely agree on anything. Eve if you do know something about the tech, it does not help much, because this is all new and unprecedented. When tech leaves the white paper and hits the street, no one knows what the result will be. There is a long trail of individuals and companies who have been “rekt” as the industry parlance has it because of events: for example, the Bitcoin Cash civil war last November.

    The most impressive feature of bitcoin is that it is still there. It has survived crash after crash and state hostility. It has truly been battle-tested in the harshest of conditions. The identity-hiding creator of bitcoin, Satoshi Nakamoto, wanted it to be a currency. That looks unlikely. In the near future, you won’t be buying a pint of milk with it at the corner shop.

    Admittedly, if you are willing to trawl the internet, and in no rush to get things, you can buy all sorts of products – but for everyday life, compared with a contactless Visa card, bitcoin is almost useless.

    One of the selling points of bitcoin (and other cryptos such as Bitcoin Cash, Litecoin and Dash) is that you can “be your own bank”. That has its attractions and advantages, but it also has a downside: it means having some understanding of the tech, and a willingness to take full responsibility when the bank robbers come.

    If something goes wrong, you are on your own. Again, compared with a credit card, bitcoin seems risky and hard work, unless you are really keen on buying drugs or tax evasion. On the other hand, bitcoin can be sent anonymously and fairly quickly to the other side of the world with low fees.

    2017 was the year when you couldn’t lose in crypto, but 2018 was the year when you couldn’t win. If you invested at the all time-high for bitcoin in December 2017, you will have lost some three-quarters of your investment (should you choose to cash out).

    But whether a bitcoin is worth £2,000 or £20,000 is not so important. The get-rich-quick speculators have probably abandoned the world of crypto. What counts now is adoption. Most of the action in the first 10 years has been in the US (it appeals to both the far left and the far right) and in east Asia (China, Japan, Korea, Singapore).

    While I find the claims that crypto can enrich the unbanked and poor ludicrous, it is likely that the future growth of bitcoin will be in countries with ailing, corrupt or authoritarian governments and wonky currencies. Latin America, Africa and the Middle East will be the places where citizens will value something the authorities will have a hard time getting their hands on. Venezuelans have recently had a crash-course in crypto.

    Is there a need for bitcoin? Probably not. Government-backed currencies work, whatever their shortcomings. However, bitcoin may well succeed as a digital gold: a store of value, a savings account rather than an everyday currency. And there is certainly room for a global cryptocurrency, whether it is bitcoin or one of its spin-offs or successors.

    The frenzy around crypto in the last few years meant that creating a currency was almost a cottage industry, even if some were clearly meant as a joke – ponzicoin for instance – though others, such as dentacoin (for dentists), were not. Most of the hundreds of current altcoins (ie not bitcoin) will wither, probably quite soon.

    But still they come. In two weeks’ time a new coin is due to be launched using the Mimble Wimble protocol (the cultural spectrum of the tech world does not seem to stretch much beyond Game of Thrones or Harry Potter), a turbocharged competitor to bitcoin that aims to return “power to the people” by keeping out big crypto-mining companies. It is called Grin – which, if nothing else, surely has the best name for a currency in the history of money.

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    Bitcoin Bulls Ready to Run, Why Crypto is About to Take Off Again

    A positive start to 2019 and new technical analysis suggests that trends are about to turn for Bitcoin and its brethren. An indicator used to detect trend reversals shows that Bitcoin is in its longest buying streak for six months according to Forbes.

    The GTI Vera Convergence Divergence indicator has previously been used to highlight buy signals and it has not been wrong. Bitcoin had a month long rally the last time this indicator showed positive signals. “Should buying pressure persist as it has over the past 13 days, Bitcoin could continue to see a rise in prices,” Bloomberg added.

    Bloomberg’s Galaxy Crypto Index, which tracks some of the top crypto assets, is similarly indicating Bitcoin’s longest buy streak since September when its market dominance climbed to 58%. This sentiment has been echoed by senior analysts such as eToro’s Mati Greenspan who said the market is much closer to the bottom than we are to the top, before adding;

    “I’m seeing an industry that is growing at a very rapid pace right now where we see companies that are involved in bitcoin and blockchain hiring at a rapid rate. We see new projects coming online. We see all kind of indication that people are getting more and more involved in the market.”

    While it is true that large scale mining operations have downsized, crypto exchanges such as Binance and Coinbase have continued to expand and take on new staff and new geographic locations. The looming promise of institutional investor involvement from the likes of Nasdaq and ICE is another signal that the market is not likely to fall any further.

    Ethereum has led the rally so far this year with its upcoming Constantinople hard fork being the catalyst. A recovery of over 80% in just three weeks for ETH has bolstered crypto markets which have grown almost 5% since the new year started. Ethereum co-founder Joseph Lubin called the bottom in mid-December when most cryptos were at their lowest levels for 18 months;

    The momentum at the moment is slow but recovery is a painful process and will not happen overnight. A steady upswing for crypto markets will be far healthier for the ecosystem than the mass volatility of 2017’s bull run. The snow from the crypto winter could slowly be starting to melt.

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    Bitcoin Tops $4,000 Amid Mostly Green Crypto Markets

    Monday, Jan. 7 — most of the top 20 cryptocurrencies are seeing slight to generous gains in the 24 hours to press time. Bitcoin’s (BTC) price has surpassed the $4,000 mark again, according to Coin360 data.

    At press time, Bitcoin is up nearly 5 percent on the day, trading at around $4,025. Looking at its weekly chart, the current price is above the intra-week high of $3,946 — registered on Jan. 2 — and is also notably higher than $3,841, which is the value of one bitcoin last Monday.

    Ethereum (ETH) remains the second-largest cryptocurrency by market cap. The divide between ETH and Ripple (XRP) — currently the third-largest crypto by market cap — is decreasing. Ethereum’s market cap is currently $15.9 billion, while Ripple is sitting at $15 billion.

    Ethereum has seen its value decrease by about half of a percent over the last 24 hours. At press time, ETH is trading at around $153, having started the day around $154. On the weekly chart, Ethereum’s current value is significantly higher than $137, the price at which the coin started the week.

    Ripple (XRP) is up over three percent on the day, trading at around $0.367 at press time. On the weekly chart, the current price is higher than $0.361, the price at which XRP started the week — but also lower than $0.378, the midweek high reported on Jan. 2.

    Among the top 20 cryptocurrencies, the ones experiencing the most notable price action are NEO, up over 10 percent, Stellar, up over 6 percent, and ZCash, up about 4.5 percent.

    The combined market capitalization of all cryptocurrencies — currently equivalent to about $136.1 billion — is higher than $128.8, the value it reported one week ago. The current value is slightly lower than the intra-week high of $138.7 reached on Jan. 6.

    As Cointelegraph reported earlier today, a new bipartisan bill to exempt cryptocurrencies from some securities laws is currently being reviewed by the Colorado Senate.

    Recently, news broke that several United States federal agencies reportedly raided the office of a Michigan-based science and tech center last month during a crypto-related investigation. The center’s founder was allegedly “commercially trading in crypto-currency (sic) without the proper authorization.”

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    Apple and Tesla shares on the blockchain could be the next big thing in crypto

    Security tokens — digital versions of financial securities like stocks and bonds — are becoming a new buzzword in crypto.
    Analysts and executives in the industry see security tokens as a development that could reinvigorate the cryptocurrency space.
    A key difference setting security tokens apart from other cryptocurrencies is that they are asset-backed and fall within regulatory parameters, experts say.

    Cryptocurrencies had a wild 2018, tumbling well below some of the record highs seen toward the end of 2017.

    Bitcoin, once worth almost $20,000, plunged last year, closing out 2018 at a price below $4,000. Other major virtual currencies, including XRP and ether, also fell steeply.

    Analysts and executives in the industry are increasingly pointing to a fairly new development that could reinvigorate the space: putting securities like stocks and bonds on the blockchain.

    So-called security tokens are becoming a new buzzword in crypto. The term is part of a phenomenon in the industry known as “tokenization” — turning real-world assets into digital tokens.

    In the case of security tokens, tradable assets like equity and fixed income are transformed into digital assets that use blockchain technology, the virtual ledger of activity that underpins cryptocurrencies like bitcoin.

    Security tokens had been talked about for some time, but now one firm is looking to put them to the test.

    On Monday, DX.Exchange, an Estonia-based crypto firm, launched a trading platform that lets investors buy shares of popular Nasdaq-listed companies, including Apple, Tesla, Facebook and Netflix, indirectly through security tokens.

    Each token is backed by one share of the company traders want to invest in and entitles them to the same cash dividends.

    “The crypto community has been talking about security tokens for well over a year now without much progress, so we think the impact will be huge,” Amedeo Moscato, DX’s chief operating officer, told CNBC by email over the weekend.

    “By tokenizing stocks of some of the biggest publicly-traded companies like Google, Amazon, Facebook and more, we are opening an untapped market of millions of old and new traders around the globe cutting out the middleman.

    Investors will be able to trade the digital stocks round-the-clock, even after markets close, DX says.

    “The ability to trade around the clock, with a range of currencies, offers investors both convenience and liquidity,” Dan Doney, co-founder and chief executive of fintech firm Securrency told CNBC by email over the weekend.

    But Doney questioned whether DX’s exchange was sound on the regulatory front.

    “We’re unsure and even skeptical of DX.Exchange’s model because we don’t think that it’s acceptable to list tokenized shares of a company without shareholder consent,” he said.

    “However, we do think that the model can meet regulatory standards if executed properly.”

    DX stressed that its digital stocks are classed as derivatives — with the underlying asset being equity of 10 Nasdaq-listed firms — and that its platform is regulated under the European Union’s Mifid II directive. Mifid II, a set of reforms to EU investment services regulation, aims to protect investors and increase transparency and confidence in the industry post-crisis.

    Cyprus-licensed firm MPS MarketPlace Securities is holding the stocks in a segregated account. DX built the platform on top of Nasdaq’s Matching Engine technology, which is used across more than 70 international markets.

    Experts are pointing to the model as one that could provide a solid form of investment for traders — versus cryptocurrencies like bitcoin, which have proven at times to be highly volatile — as well as a new potential source of fundraising for start-ups and large firms alike.

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    Bitcoin Price Faces Minor Pullback as Indecision Creeps into Market

    With the bitcoin (BTC) market showing signs of indecision, prices could soon retreat back below $4,000.

    The world’s largest cryptocurrency by market capitalization witnessed two-way business yesterday before ending largely unchanged on the day (as per UTC) at $3,995 on Bitstamp.

    Worryingly for the bulls, BTC created a doji candle on Tuesday – widely considered a sign of indecision in the market – even though a bull flag breakout, witnessed yesterday, had seemingly set the stage for a move above $4,300.

    Notably, the candlestick pattern appeared at the top of the recent recovery rally and near crucial resistance above $4,100, representing bullish exhaustion.

    The bears, therefore, have an opportunity to make a slight comeback, especially if buyers fail to keep prices above the previous day’s low of $3,934.

    As of writing, bitcoin is changing hands at $4,010 on Bitstamp, representing a 0.80 percent gain on a 24-hour basis.

    As seen above, BTC has carved out a doji candle at the confluence of the 50-day exponential moving average (EMA) and the inverse head-and-shoulders neckline resistance.

    The prospects of a bull breakout above $4,130 (neckline + 50-day EMA) would drop sharply if BTC confirms a bearish doji reversal with a UTC close below $3,934. That will likely put the focus back on the long-term bearish technical setup and allow a drop to $3,566 (Dec. 27 low).

    It is worth noting that a drop towards $3,566 would imply inverse head-and-shoulders failure, which is widely considered a strong bearish signal.

    Put simply, the bulls need progress soon. A UTC close above $4,130 would confirm an inverse head-and-shoulders breakout and open the doors for a stronger rally.

    BTC witnessed a bull flag breakout on the 4-hour chart yesterday, signaling a resumption of the rally from the Jan. 6 low of $3,753.

    So far, however, a break above the inverse head-and-shoulders neckline resistance of $4,130 has remained elusive. That said, the bull flag pattern is still valid and would lose credibility only below the previous day’s low of $3,934.

    View
    Bullish exhaustion seen at the key hurdle above $4,100 could embolden the bears.
    A UTC close below $3,934 could yield a drop to $3,566 (Dec. 27 low). A break below that level would violate the bullish-higher low pattern and expose the December low of $3,122.
    On the higher side, $4,130 is the level to beat for the bulls. An inverse head-and-shoulders breakout, if confirmed, would invalidate yesterday’s doji and open up upside towards the psychological hurdle of $5,000.

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    Crypto Market Wrap: Gone in 60 Minutes, $8 Billion Just Dumped

    The cycle continues as yesterday’s pump turns into today’s dump. Crypto markets have again failed to hold any short term gains and are falling back once again. Total market capitalization is back below $130 billion as the cycle rinses and repeats and $8 billion gets wiped out in a mere hour or so.

    Bitcoin bounced off intraday highs of $4,060 twice before beating a retreat. A massive dump has just initiated as one huge red hourly candle knocked BTC back below $3,850 wiping out recent gains and resulting in over 5% declines on the day.

    Ethereum is in more pain shedding 8.5% back to below $140 as it too falls off the cliff and hits a new low for the week. Market cap is back below $15 billion and Ripple’s XRP is snapping at ETH’s heels again. Only losing 3.5% at the time of writing, XRP is just $100 million behind Ethereum, a re-flippening is imminent.

    The top ten has all been smashed in the past hour or two, all aside from Tron which is still up on the day by a good 15%. TRX briefly broke the $2 billion barrier before pulling back below it a few hours ago. Bitcoin Cash as usual has been trounced with a 11% slide back below $145, Litecoin and Bitcoin SV are both dropping 8%.

    The two altcoins in the top twenty getting hit over 10% right now are Binance Coin and Neo, and Monero and Ethereum Classic are not far behind. Things are that bad in the top twenty that another stablecoin has entered it, USDC is now at 19th spot as Maker and Zcash fall back.

    Tron is the top altcoin in the top one hundred right now, in fact it is the only one making double digits as the rest of crypto land dumps again. Yesterday’s two fomo recipients are dumping all their gains today, namely Holo and Pundi X, both shedding over 15% on the day.

    Total market capitalization has fallen back to $129 billion over the past hour. This is a loss of over 5.5% on the day as $8 billion exits in less than 60 minutes. Daily trade volume is at $18 billion but it is all outflow at the moment. The sideways channel is still holding up for now but gains over the past week are now digital dust.

    FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

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Forex Forum Nigeria – Trading discussions
Every forumite can join a discussion of various issues, including those related to Forex but not limited to. The forum has been designed for sharing opinions and helpful information and is open for both professionals and beginners. Mutual assistance and tolerance are highly appreciated. If you would like to share you experience with others or deepen your knowledge of trading craft, you are most welcome to the forum threads dedicated to trading discussions.

Forex Forum Nigeria – Dialogue between brokers and traders (about brokers)
In order to be successful on Forex, it is crucial to choose a brokerage company with due diligence. Make sure you broker is really reliable! Thus you will be impervious to many risks and will make profitable trades on Forex. On the forum a rating of brokers is represented; it is based on comments left by their customers. Post your opinion about the brokerage company you work with, it will help other traders avoid mistakes and choose a good broker.

Unleashed communication on Forex Forum Nigeria
On this forum you can talk about not only trading issues, but any other topics you like. Offtopping is allowed in a special thread too! Humour, philosophy, social problems or practical wisdom – converse about anything you are interested in, including forex trading if you like!

Bonuses for communication on Forex Forum Nigeria
Those who post messages on the forum can receive money bonuses and use them for trading on an account of a forum sponsor. The forum is not meant for gaining profit; however forumites can get these small bonuses as reward for the time spent on the forum and sharing views on the currency market and trading.