CoinPath News https://news.coinpath.io Cryptocurrency & Blockchain News Thu, 21 Mar 2019 01:05:42 +0000 en-US hourly 1 https://cdn.coinpath.io/images/uploads/2018/07/05150122/cropped-coinpath-favicon-32x32.png CoinPath News https://news.coinpath.io 32 32 Jamie Dimon: U.S. Economy Has Failed Minorities and the Poor https://news.coinpath.io/jamie-dimon-u-s-economy-has-failed-minorities-and-the-poor/ https://news.coinpath.io/jamie-dimon-u-s-economy-has-failed-minorities-and-the-poor/#respond Thu, 21 Mar 2019 00:37:00 +0000 https://news.coinpath.io/?p=350147 jamie-dimon-us.-economy-has-failed-minorities-and-the-poor

Jamie Dimon: U.S. Economy Has Failed Minorities and the PoorJamie Dimon believes the U.S. economy naturally works against racial minorities and the poor. | Source: ShuttershockAbout The AuthorDavid HundeyinI am a busy writer, journalist and entrepreneur with an interest in tech and finance. When I'm not contributing to CCN and…

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Jamie Dimon: U.S. Economy Has Failed Minorities and the Poor

Jamie Dimon believes the U.S. economy naturally works against racial minorities and the poor. | Source: Shuttershock

About The Author
David Hundeyin

I am a busy writer, journalist and entrepreneur with an interest in tech and finance. When I’m not contributing to CCN and traveling around Africa, you can catch me in the writers room at ‘The Other News’, Nigeria’s weekly answer to ‘The Daily Show’ with nearly 2 million viewers.My work on ‘The Other News’ was featured in the New Yorker Magazine, and that was then cited in the Washington Post so I’m not sure that counts as a feature but I’ll definitely mention it too!I have been nominated by the US State Department to take part in the 2019 Edward R. Murrow Program for journalists under the International Visitors Leadership Program.I also like hamsters.

 » Read Full Article «

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Bitcoin [BTC/USD] Price Analysis: Cryptocurrency fails to capitalize $4,000 breach as prices fluctuate negatively https://news.coinpath.io/bitcoin-btc-usd-price-analysis-cryptocurrency-fails-to-capitalize-4000-breach-as-prices-fluctuate-negatively/ https://news.coinpath.io/bitcoin-btc-usd-price-analysis-cryptocurrency-fails-to-capitalize-4000-breach-as-prices-fluctuate-negatively/#respond Thu, 21 Mar 2019 00:30:00 +0000 https://news.coinpath.io/?p=350123 bitcoin-btcusd-price-analysis-cryptocurrency-fails-to-capitalize-4000-breach-as-prices-fluctuate-negatively

Bitcoin [BTC]’s resurgence above the $4,000-mark made headlines across the cryptosphere, with many proponents of the space speculating its escape from the bear’s territory. Bitcoin’s rise has not resulted in an equal increase among other cryptocurrencies though as Ethereum [ETH], XRP and Tron [TRX] are still struggling to increase their…

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Bitcoin [BTC]’s resurgence above the $4,000-mark made headlines across the cryptosphere, with many proponents of the space speculating its escape from the bear’s territory. Bitcoin’s rise has not resulted in an equal increase among other cryptocurrencies though as Ethereum [ETH], XRP and Tron [TRX] are still struggling to increase their prices as well as market cap.

1-hour:

The one-hour chart of Bitcoin displayed an uptrend which was the main reason for the price increase from $3,853.42 to $3,971.36. The short-term support was at $3,832.4, while the resistance held at $4,012.91.

The Relative Strength Index fell from the overbought zone, which meant that the buying pressure was losing the race to the selling pressure.

The amplitude of the Awesome Oscillator was comparatively lower than the earlier time period, a sign of the reduced market momentum in the Bitcoin market.

The MACD indicator showed the signal line and the MACD line meeting at the same point after a bearish crossover. The MACD histogram was almost negligible.

1-day:

Source: Trading View

Bitcoin’s one-day graph painted a picture opposite to that of the one-hour graph as the downtrend lowered the price from $6,309.50 to $4,022. The long-term support was at $3,166.52.

The Parabolic SAR was above the price candles at the time of writing, which meant that Bitcoin was still stuck in the bear’s territory.

The Chaikin Money Flow indicator was above the zero-line as the capital coming into the market was more than the capital leaving the market.

Conclusion:

The above-mentioned indicators stated that Bitcoin has not enjoyed any bullish gains after breaching the $4,000-mark. The charts also pointed at the fact that the bear’s hold on the market would continue.

 » Read Full Article «

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Cryptopia Resumes Trading for 40 Crypto Pairs Including Bitcoin, Ethereum, Dogecoin, Monero https://news.coinpath.io/cryptopia-resumes-trading-for-40-crypto-pairs-including-bitcoin-ethereum-dogecoin-monero/ https://news.coinpath.io/cryptopia-resumes-trading-for-40-crypto-pairs-including-bitcoin-ethereum-dogecoin-monero/#respond Thu, 21 Mar 2019 00:01:00 +0000 https://news.coinpath.io/?p=350111 cryptopia-resumes-trading-for-40-crypto-pairs-including-bitcoin-ethereum-dogecoin-monero

Cryptopia has resumed trading for 40 pairs following a cybersecurity breach on January 14th that caused the New Zealand-based crypto trading platform to suspend activities and go offline for “unscheduled maintenance.” The exchange has identified the crypto-to-crypto trading pairs as secure, which include Ethereum (ETH), Monero (XMR) and Bitcoin (BTC).…

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Cryptopia has resumed trading for 40 pairs following a cybersecurity breach on January 14th that caused the New Zealand-based crypto trading platform to suspend activities and go offline for “unscheduled maintenance.”

The exchange has identified the crypto-to-crypto trading pairs as secure, which include Ethereum (ETH), Monero (XMR) and Bitcoin (BTC).

  • ETH-BTC
  • ETH-LTC
  • ETH-DOGE
  • XMR-LTC
  • XMR-BTC
  • XMR-DOGE

Earlier in the week, Cryptopia provided a link that details its progress since the January hack and updated its users via email.

“We were given access back to our site on the 14th of February 2019. This was the first time since the event that we could begin to assess the impact. We have a comprehensive plan in place to get our exchange back trading. This however is quite labour and time heavy as we are effectively rebuilding our service from the ground up again. Since having access returned we have made significant steps to resuming service.”

Prior to regaining access to the site, investigators in Christchurch issued a public statement about the complexity of tracking down stolen cryptocurrencies.

“This is a complex investigation involving the theft of cryptocurrency in an unregulated environment. The stolen cryptocurrency is being actively tracked by Police and specialists worldwide due to the nature of the cryptocurrency blockchains being publicly available. Excellent progress is being made in the investigation and we are working with Cryptopia management plus current and former employees who have been providing valuable assistance. 

We are working closely with our international partners and cybercrime experts to continue the investigation.”

Although Cryptopia has not disclosed the amount that was stolen,

 » Read Full Article «

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Borderless From Block Collider Is a High-Speed DEX That Unites 5 Blockchains https://news.coinpath.io/borderless-from-block-collider-is-a-high-speed-dex-that-unites-5-blockchains/ https://news.coinpath.io/borderless-from-block-collider-is-a-high-speed-dex-that-unites-5-blockchains/#respond Thu, 21 Mar 2019 00:00:00 +0000 https://news.coinpath.io/?p=350135 borderless-from-block-collider-is-a-high-speed-dex-that-unites-5-blockchains

Borderless isn’t like other decentralized exchanges (DEXs). For one thing, it comes with its own blockchain – or rather the Block Collider chain comes with its own DEX. Throw in the ability to perform cross-chain transfers, block times that are 3x faster than Ethereum and no limits on order size,…

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Borderless isn’t like other decentralized exchanges (DEXs). For one thing, it comes with its own blockchain – or rather the Block Collider chain comes with its own DEX. Throw in the ability to perform cross-chain transfers, block times that are 3x faster than Ethereum and no limits on order size, and Borderless would appear to be markedly different from the competition. News.Bitcoin.com was given a walkthrough of the new DEX, which is due to go live in the next few weeks.

Also read: Nash Is a Decentralized Exchange for Cross-Chain Trading With Fiat Integration

Welcome to the Multiverse

To understand Borderless, it’s necessary to know a little about Block Collider. The project, whose ICO hit its $7M cap in minutes last April (with over $500M pledged) is now operational, with its Multiverse block explorer showing the network’s current state of play. In addition to the shooting stars that occasionally whizz across the screen, there’s a few other peculiarities to the Block Collider network and its Multiverse explorer, whose defining feature is its interoperability. 2019 will see a string of blockchain projects come onstream that promise to eliminate the “walled garden” effect that renders networks incapable of communicating with one another. Cosmos, Polkadot and Block Collider are leading the movement for cross-chain play.

Borderless From Block Collider is a High-Speed DEX That Unites 5 Blockchains

Block Collider’s solution is to create a blockchain whose mining algorithm consumes blocks from other blockchains as part of its mining computational challenge. Its website explains: “Miners who submit a bad block as their proof of work will be rejected by other miners and won’t get the block reward. As the difficulty rises, the same incentive framework that strengthens the Bitcoin blockchain will reinforce alignment with miners of the Block Collider.” The project has launched with five blockchains initially – BTC,

 » Read Full Article «

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Celer Network (CELR) Sells Out in 17 Mins on Binance Launchpad https://news.coinpath.io/celer-network-celr-sells-out-in-17-mins-on-binance-launchpad/ https://news.coinpath.io/celer-network-celr-sells-out-in-17-mins-on-binance-launchpad/#respond Wed, 20 Mar 2019 23:50:00 +0000 https://news.coinpath.io/?p=350106 celer-network-celr-sells-out-in-17-mins-on-binance-launchpad

The Binance Launchpad experiment continues, as the Celer Network token sale concluded yesterday (March 19) within just 17 minutes. Celer (ticker name: CELR) is the third project to complete a funding on the venerable exchange’s new funding platform, behind the Bittorrent token (BTT) and Fetch.AI (FET) sales in late January and February,…

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The Binance Launchpad experiment continues, as the Celer Network token sale concluded yesterday (March 19) within just 17 minutes. Celer (ticker name: CELR) is the third project to complete a funding on the venerable exchange’s new funding platform, behind the Bittorrent token (BTT) and Fetch.AI (FET) sales in late January and February, respectively.

The Celer Network is a second-level scaling platform, designed to process transactions off-chain for any other blockchain. The project already claim to support 10,000 transactions or operations per second.

this is actually the highest buy demand sale we seen so far.

— CZ Binance (@cz_binance) March 19, 2019

Binance founder and CEO Changpeng Zhao (“CZ”) claimed on Twitter that CELR drew the highest demand among the projects so far funded via Launchpad. CELR sold a total of 597,014,925 tokens during the sale, worth nearly $4 million at the offering price.

CZ claimed that only about 8% of those who tried to buy the offered tokens were able to, or 3,129 individual accounts out of 39,000. He also cited some “technical issues” caused by the high demand, and said that Launchpad’s capacity to deal with high demand would “improve.”

still had capacity/caching issues with this “upgraded” version. Will keep working on it for a better experience in the future.

STATS: 39003 people tried to buy, 3129 people got some. 35000 people will be somewhat unhappy. pic.twitter.com/opJnNOeuhA

— CZ Binance (@cz_binance) March 19, 2019

ICO Redux

CryptoGlobe has noted the significant drop in the popularity and funding rates of ICOs, or Initial Coin Offerings, during the latter half of 2018. What was once a bonanza industry, fueling most of all the meteoric rise of Ethereum’s (ETH) price as the main vehicle for conducting ICOs – about 120x during all of 2017 – has withered along with the general pop in cryptoasset valuations in early 2018.

But in 2019, token offerings have been cautiously reappearing, often now in the form of STOs or Security Token Offerings. STOs have the advantage that they readily admit to being securities right out of the gate, avoiding the uncertainty of waiting for regulators in some countries to decide on which is which.

Binance seems intent on capturing some of this market as it returns to life – whenever that will be. Hosting the funding of new projects themselves, on their own exchange, Launchpad offerings can only be bought with the proprietary Binance Token, BNB.

The effects have been crystal clear. Since Binance began launches on Launchpad in January, the price of BNB has risen from about $6 to about $15 today – and in the process BNB has climbed as high as #7 on Coinmarketcap. At time of writing, BNB has a market capitalization of over $2 billion.

BNB(source: CryptoCompare)

In contrast, both BTT and FET tokens have done poorly after listing on the Binance exchange, following their respective launchpad offerings, with both BTT and FET down about 70% from their listing highs (see charts below).

BTT token(source: CryptoCompare)

FET token(source: CryptoCompare)

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Improving Bitcoin: Jack Dorsey Announces Open-Source Initiative Square Crypto https://news.coinpath.io/improving-bitcoin-jack-dorsey-announces-open-source-initiative-square-crypto/ https://news.coinpath.io/improving-bitcoin-jack-dorsey-announces-open-source-initiative-square-crypto/#respond Wed, 20 Mar 2019 23:49:00 +0000 https://news.coinpath.io/?p=350141 improving-bitcoin-jack-dorsey-announces-open-source-initiative-square-crypto

Jack Dorsey—the CEO of Twitter and Square, announced “Square Crypto”—a team Dorsey is assembling to work full-time on improving the Bitcoin and cryptocurrency ecosystems “independent” of Square’s business objectives. He is currently looking to hire up to four developers and one designer for the team.On Mar. 20th, Jack Dorsey announced…

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Jack Dorsey—the CEO of Twitter and Square, announced “Square Crypto”—a team Dorsey is assembling to work full-time on improving the Bitcoin and cryptocurrency ecosystems “independent” of Square’s business objectives. He is currently looking to hire up to four developers and one designer for the team.

On Mar. 20th, Jack Dorsey announced the launch of Square Crypto, an initiative where Dorsey is paying people to “make the broader crypto ecosystem better.” Dorsey is a long-time Bitcoin proponent and was the impetus behind Cash App’s BTC buy, sell, and spend features.

According to his announcement on Twitter, Dorsey asked his strategic development lead at Square, Mike Brock, “what is the most impactful thing we [Square] could do for the bitcoin community?” That conversation sparked the creation of Square Crypto. According to Dorsey:

This will be Square’s first open source initiative independent of our business objectives. These folks will focus entirely on what’s best for the crypto community and individual economic empowerment, not on Square’s commercial interests. All resulting work will be open and free.

— jack (@jack) March 20, 2019

Dorsey went on to elaborate that Square has “taken a lot from the open-source community” to get where it is now. This initiative is a way to get back while helping the company achieve its goal of a “more accessible global financial system for the internet.”

I love this technology and community. I’ve found it to be deeply principled, purpose-driven, edgy, and…really weird. Just like the early internet! I’m excited to get to learn more directly.

— jack (@jack) March 20, 2019

The Square CEO ended his announcement by encouraging Bitcoin-core and other crypto ecosystem contributors to direct message Square Crypto on Twitter for an opportunity to get paid for their work.

 » Read Full Article «

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Volkswagen Faces SEC Lawsuit Over “Dieselgate” Scandal https://news.coinpath.io/volkswagen-faces-sec-lawsuit-over-dieselgate-scandal/ https://news.coinpath.io/volkswagen-faces-sec-lawsuit-over-dieselgate-scandal/#respond Wed, 20 Mar 2019 23:41:00 +0000 https://news.coinpath.io/?p=350153 volkswagen-faces-sec-lawsuit-over-dieselgate-scandal

Volkswagen Faces SEC Lawsuit Over “Dieselgate” ScandalThe German automaker is in trouble with the SEC for misleading investors. | Source: ShuttershockGerman automaker Volkswagen is facing a lawsuit filed over its actions toward investors during the so-called “Dieselgate” scandal. Filed by the Securities and Exchange Commission (SEC), the lawsuit alleges that…

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Volkswagen Faces SEC Lawsuit Over “Dieselgate” Scandal

The German automaker is in trouble with the SEC for misleading investors. | Source: Shuttershock

German automaker Volkswagen is facing a lawsuit filed over its actions toward investors during the so-called “Dieselgate” scandal. Filed by the Securities and Exchange Commission (SEC), the lawsuit alleges that the automaker allowed investors to buy $13 billion worth of company bonds despite being aware of a growing scandal involving illegal software used to manipulate emissions’ testing results.

The “Dieselgate” scandal of September 2015 revealed that Volkswagen cheated emissions tests on its diesel cars by installing illegal software to give them lower pollution readings. Since then, it has snowballed into an expensive global fiasco, costing the company more than $30 billion in fines and vehicle buybacks. Several senior company executives have also been charged for their alleged roles in the scandal.

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Volkswagen, SEC

The SEC claims that Volkswagen lied to investors by installing illegal software that lowered emissions of its diesel cars. | Source: Shutterstock

Volkswagen Can’t Catch a Break

The basis of the SEC’s lawsuit is that by selling bonds to investors at those prices despite being aware of a developing scandal, Volkwagen and its senior management effectively carried out insider trading. The bonds in question were sold over a 13-month period from April 2014 through May 2015, making it difficult for the executives implicated to argue that they were unaware or did not have sufficient time to react.

An excerpt from the SEC civil complaint filed on Thursday lays out the commission’s position on the matter:

[Volkswagen] repeatedly lied to and misled United States investors,

 » Read Full Article «

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Bitmain’s latest Antminer Z11 sold out in 20 minutes; Norway branch shuts down following revoke of electricity subsidies https://news.coinpath.io/bitmains-latest-antminer-z11-sold-out-in-20-minutes-norway-branch-shuts-down-following-revoke-of-electricity-subsidies/ https://news.coinpath.io/bitmains-latest-antminer-z11-sold-out-in-20-minutes-norway-branch-shuts-down-following-revoke-of-electricity-subsidies/#respond Wed, 20 Mar 2019 23:30:00 +0000 https://news.coinpath.io/?p=350129 bitmains-latest-antminer-z11-sold-out-in-20-minutes-norway-branch-shuts-down-following-revoke-of-electricity-subsidies

Bitcoin mining behemoth Bitmain’s latest Z11 miner roll-out was reportedly sold out within 20 minutes after the pre-selling phase on its official website. Bitmain unveiled a new version of its Antminer Z series machines to mine Equihash-powered Proof-of-Work coins like Zcash on March 19.Dubbed as the Antminer Z11, the new release claims to…

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Bitcoin mining behemoth Bitmain’s latest Z11 miner roll-out was reportedly sold out within 20 minutes after the pre-selling phase on its official website. Bitmain unveiled a new version of its Antminer Z series machines to mine Equihash-powered Proof-of-Work coins like Zcash on March 19.

Dubbed as the Antminer Z11, the new release claims to pack three times more hashing power than its precursor Z9. In a blog post, the exchange claimed,

“It is by far the leading model by performance to mine such cryptocurrencies.”

According to the Beijing-based mining giant, the latest miner offers a hashing power of 135 KSol/s and is three times more powerful than the Antminer Z9, which was released in May 2018. The post further claims that the miner saves up to 60% of electricity cost as compared to its predecessor Z9.

Antminer Z11, which uses Bitmain’s latest proprietary 12 nm chip, is equipped with a newly designed internal circuit structure with a power-efficiency of 10.50 J/KSol. Another feature that the latest version of Antiminer boasts of is ‘light’ weight, which stands at 5.4 kg despite its massive hashing capability.

Antminer Z11 will initiate the shipping process shortly, the blog confirmed.

The previous Z9 was launched at a time when the ZCash community voted against prioritizing research efforts to discourage the use of ASIC mining equipment. Talking about the huge turnout against gearing toward ASIC-resistance, Andrew Miller, the president of the Zcash Foundation, said,

“This is a fairly strong signal of disagreement. My interpretation of this is that we’re not going to make any hasty decisions like diverting all of the Zcash Foundation resources to promoting ASIC resistance.”

Earlier, Bitmain had been notoriously secretive about its operations but has now claimed to provide more transparency to the Zcash market.

 » Read Full Article «

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Backed By US$44M In Funding Singapore Crypto Exchange Startup Ecxx Gears Up For Launch https://news.coinpath.io/backed-by-us44m-in-funding-singapore-crypto-exchange-startup-ecxx-gears-up-for-launch/ https://news.coinpath.io/backed-by-us44m-in-funding-singapore-crypto-exchange-startup-ecxx-gears-up-for-launch/#respond Wed, 20 Mar 2019 23:07:00 +0000 https://news.coinpath.io/?p=350060 backed-by-us44m-in-funding-singapore-crypto-exchange-startup-ecxx-gears-up-for-launch

Image: Bitcoin, PxHere.com Singapore-based startup Ecxx Global Private Ltd. will launch its digital asset exchange on March 21 with more than 12,000 users already registered during pre-launch, the company said on Wednesday. Ecxx is backed by US$44 million in funding which it raised from investors that include CapitalX, Epsilon Investment…

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Image: Bitcoin, PxHere.com

Singapore-based startup Ecxx Global Private Ltd. will launch its digital asset exchange on March 21 with more than 12,000 users already registered during pre-launch, the company said on Wednesday. Ecxx is backed by US$44 million in funding which it raised from investors that include CapitalX, Epsilon Investment and Ariki Asia and aims to become “the world’s leading digital asset exchange.”

Ecxx to launch new digital asset exchange in SingaporeEcxx to launch new digital asset exchange on March 21, 2019, in Singapore

Designed for both professional traders and retail investors, the Ecxx.com platform seeks to deliver trustable and secured digital asset trading services that allows users to buy, sell, and store digital assets.

The platform promises a “world-class multi-layer security system” and will run on its own in-house proprietary system, enabling the company to provide “a full-suite crypto ecosystem with high liquidity.” It will be integrated with SmartNation Singapore project, a consent-based identity profile platform for Singaporeans or permanent residents. For non-Singapore residents, the typical KYC process still applies.

Ecxx said it was in the midst of applying for a market operator
license from regulators. As it “aggressively” scales its network and expands
across multiple additional counties and geographies, the company will be
seeking relevant regulatory approvals.

“We see regulation and government licensing as critical
factors that will drive the future of the blockchain and cryptocurrency space,”
said Branson Lee, CEO and co-founder of Ecxx. “As such, we intend to work
closely with the regulators to have the right licenses in place for ecxx.com to
grow into a leading digital asset exchange and a dominant player in the
cryptocurrency market.”

Ecxx has also announced a strategic partnership with
award-winning cryptocurrency hardware wallet manufacturer Ledger,

 » Read Full Article «

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Bitcoin (BTC): When To Expect The Next Big Crash https://news.coinpath.io/bitcoin-btc-when-to-expect-the-next-big-crash/ https://news.coinpath.io/bitcoin-btc-when-to-expect-the-next-big-crash/#respond Wed, 20 Mar 2019 23:00:00 +0000 https://news.coinpath.io/?p=350098 bitcoin-btc-when-to-expect-the-next-big-crash

Bitcoin (BTC) bears are eagerly waiting of the price to fall again but the daily chart for BTCUSDShorts is telling us a different story. Even though BTC/USD is overbought on the daily and weekly time frames, it does not mean that the price cannot rise further especially when the number…

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bitcoin-btc-when-to-expect-the-next-big-crash

Bitcoin (BTC) bears are eagerly waiting of the price to fall again but the daily chart for BTCUSDShorts is telling us a different story. Even though BTC/USD is overbought on the daily and weekly time frames, it does not mean that the price cannot rise further especially when the number of margined shorts is this high. BTCUSDShorts has been rising steadily over the past few weeks as a growing number of bears expect the price to fall sometime soon. However, most of them are going to be in for a big surprise when the price does the exact opposite of what the majority expects it to do. This is not something new and it has happened over and over again. However, most traders are too biased and too impatient to realize this.

The daily chart for BTCUSDShorts alone shows us exactly what is going on and how it is going to end. We do not need to look at the BTC/USD chart or any volatility or market cap charts to figure out what is going to happen next. The majority is always wrong which is why it always loses money. Only a small fraction of disciplined and patient traders that do not have any concern for emotions, make consistent profits in this market. The number of margined shorts has topped out which means they are going to decline in the days ahead. Now, BTCUSDShorts is not going to decline because the bears will realize that they have overplayed their hands so they will start closing their positions. No, this is not how it works most of the time. Bitcoin (BTC) bears are known to be stubborn traders so most of the time they have to be knocked out of their positions.

Bitcoin (BTC): When To Expect The Next Big Crash

The majority of the margined shorts that we see on the daily chart for BTCUSDShorts were opened last week.

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The post Bitcoin (BTC): When To Expect The Next Big Crash appeared on CoinPath News.

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