Long Altcoins Instead of Shorting Bitcoin, Says Crypto Analyst – Ethereum, Ripple, Litecoin, Cardano, Tron, NEO
In the light of the last days’ Bitcoin rally, many are expecting Alts to make a strong push after bitcoin cools off. Every time bitcoin spiked, Altcoins suffered but then the inevitable happened. This is the scenario most of the crypto analysts see. Here it is what some crypto analysts say.
Bitcoin vs. Altcoins
Of course, many bitcoin maximalists will say that altcoins are not worth it but it is because of altcoins that many OG,s became rich in bitcoins. During the bear market, Altcoin holders suffered the biggest losses and maybe this time determines which altcoins will die.… Read the rest
The recent Binance hack made a lot of news headlines in the last days. Even “reorg ” memes appeared everywhere. The crypto exchange announced yesterday on their official blog that they will resume deposits and withdrawals on Tuesday but did not specify the exact time. Also, the announcement stated that trading will be suspended during the update.
The Binance blog stated:
“We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on how the testing goes. This upgrade will require a trading halt. We will update you again tomorrow.”
The … Read the rest
Obviously, everyone’s eyes in the crypto world today are pointed to Binance, amid the announced hack of 7,000 bitcoin or nearly $40 million worth of Bitcoin. Quickly conspiracy theories started to build up implying that the occurrence probably might not have been really a hack.
Unclear Statements from Binance
Tuesday, Binance, the largest crypto exchange in the world, announced that it was hacked losing 7,000 BTC which are worth around $40 million at the actual bitcoin price
They clearly state in the announcement that the security breach did not target Binance’s safety measures, but instead had the clients as a … Read the rest
Bitcoin price is making a 10% rally each day for the last two days. Positive news ahead of 2019 as Bakkt, the first futures that will pay in bitcoin is expected to get soon approval from regulators.
The last bull run in crypto markets started before the launch of CME and CBOE futures back in December 2017 when bitcoin price hit $20,000. After that, the price dropped more than 80 in the 2018 bear market.
Everyone who is still in the crypto market remembers when the Chicago Mercantile Exchange (CME) launched Bitcoin futures on 17 December 2017, that day the price of Bitcoin hit the top at $20,000 and after that started the downside, a downside that has kept going a year. Today, the price of Bitcoin is $3,600 and bears are still in charge. The launch of the Bitcoin futures on CME and the intense fall in Bitcoin’s price isn’t a coincidence. The paper Bitcoins being printed on CME are suppressing the bitcoin price. Doing this CME is increasing their role to set the … Read the rest
Over the second half of November, the cryptocurrency market has experienced the most terrible sell-off in all 2018 as the bitcoin price plummets to $3,700 territory.
Jake Chervinsky, a litigation attorney at Kobre & Kim, commented that while individual investors are panic selling in the cryptocurrency market, institutional investors are accumulating bitcoin over OTC markets without drawing too much attention.
… Read the rest
“Investors, with bitcoin trading under $4,000: Retail: ‘should I sell and buy back lower? should I open a short? should I just give up? is it going to zero? was this whole crypto thing a scam after all?’