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Author Topic: Only know about bitcoin is out, take a look at the cryptocurrency market  (Read 9405 times)

Offline cortanababy

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India attitude towards to cryptocurrency, will cryptocurrency market have future?

Cryptocurrency is like a strong wind flow into the world, carry into many people’ life and for some one, its like a good thing that was brought to them and enrich their lives, thinking which cryptocurrency to invest in, while some are still resist cryptocurrency, and believe they are bubble, stop playing them, never use tools on Bitcoin Price Widget For Website and investing.

So, what about the state and government their attitude toward cryptocurrency?

India: The Bank of India responded to the cryptocurrency ban and did not change its position.

The Bank of India (RBI) has responded to a report on the cryptocurrency ban submitted by the Indian Internet and Mobile Association (IAMAI). According to Sohail Merchant, CEO of Pocketbits, the Indian cryptocurrency exchange, RBI’s response is “a two-page general response”. As of now, the response cannot be public, but there is not much readability. Merchant said that RBI did not even carefully consider the views expressed in the report. Their arguments were based on “investor protection” and did not change their position.


source: which cryptocurrency to invest in
Comments: This incident shows that India’s position on cryptocurrency is very firm. In April of this year, the Bank of India issued regulations prohibiting banks and financial institutions under its supervision from providing services for cryptocurrencies. The Indian government is tough on cryptocurrency and is more worried about its use in illegal financial activities.

Here is a relative article from Medium about India attitude towards cryptocurency and more details about the cryptocurrency development in India. Source: https://medium.com/@Vince81901477/a-history-of-the-development-of-cryptocurrency-in-india-6dff65869d59
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Offline cortanababy

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Survey shows South Africans view on investing in cryptocurrency in 2018.

As cryptocurrency popular and come into people’s life, what about people’s opinion about investing in cryptocurrency 2018, here has a cryptocurrency data about the awareness of cryptocurrency investment.

Survey shows that 38% of South Africans have the willingness to invest in cryptocurrency. This week's 2018 “Save and Invest Monitor” survey by Pan Mu's investment bank, Old Mutual, reveals the results of South African locals' attitude toward Bitcoin, or trade bitcoin cash for btc. The results show that 40% of South Africans are beginning to realize cryptocurrency, 38%. South Africans have the willingness to invest in cryptocurrencies. More than half believe that it is possible to get a lot of returns by investing in cryptocurrency, and only 43% think that cryptocurrency are "bad news."

https://medium.com/@Vince81901477/with-stricter-regulation-coming-the-future-of-the-cryptos-is-5c834ae782b2 , Attached is a link from Medium to an article With Stricter regulation coming, the future of the cryptos is?
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85% of Canadians are fully aware of the importance of cryptocurrency

The investigation report called "Bitcoin Comprehensive Survey (BTCOS)" was carried out by the central bank of the country. The result was a comparison of Canadians' views on bitcoin spot price history from 2016 to 2017. The reasons why these people hold Bitcoin during the rise in bitcoin prices and the potential impact of Bitcoin on how the Bank of Canada performs its core functions.

The results further indicate that Canadians' cryptocurrency holdings rose from 2.9% to 5%, and the overall awareness of cryptocurrencies rose to 85%.

The survey brought together more than 2,500 Canadians across the country, most of which have the fastest growing bitcoin awareness in Quebec, the French-speaking region. The proportion of knowledge about Bitcoin has increased by more than 20% in one year.

In addition, the results show a significant improvement in the general understanding of Bitcoin, and Canadians believe that the proportion of Bitcoin supported by “government support” has dropped by about 40% compared to previous surveys. In addition, the survey further found that about half of Canadians with Bitcoin did not use it for trading, but instead they like investing in cryptocurrency.

Here is an Medium post What Should Korea Do to Provide a Favorable Circumstance to Crypto Industry? https://medium.com/@Vince81901477/what-should-korea-do-to-provide-a-favorable-circumstance-to-crypto-industry-f06d08035722
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Cryptocurrency market rebound, bull market is coming?

Today cryptocurrency market prices rise and reverse the negative momentum since the market began to fall on July 10. A new positive trend has re-occupied the entire market. So far, by the market capitalization, almost all of the top 100 cryptocurrencies have ushered in significant growth.

Live market of Bitcoin trading price is around $6,730, up 5.8% in the 24 hours to date. In just a few hours this morning, the market-first cryptocurrency price rose by $300 to $6,730, but it still did not exceed the nearly $6,800 high reached on July 8.

Ethereum (ETH), currently trades at about $477, and ethereum to usd exchange rate has risen more than 6.5% in the past 24 hours. With the bitcoin soaring , Ethereum also has a significant increase earlier today, which increased by about 4.6% in two and a half hours, reaching $475, and then continued to increase.

More info. about cryptocurrency market can inference to https://medium.com/@Vince81901477/the-bitcoin-price-rebound-at-a-extremely-low-speed-driving-the-price-of-altcoins-in-the-market-e3f7f0bebe50
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US dollar is in danger, India uses cryptocurrency will become a big winner

India reserves the amount of oil about 0.4% of the world, and it is a country that is seriously lack of oil. The price of crude oil is very high. There are not many us dollars that India can use. In order to buy enough oil, India and Venezuela have friendly relations. India must use Venezuela’s new digital currency oil to buy oil, as long as India purchases oil from Venezuela. It can be sold at a 30% discount and not use US dollars.

This new form of trade settlement between the two countries has undoubtedly caused a huge market impact on the most powerful currency, the US dollar. Once the two countries officially use oil coins for oil trade settlement, I believe many countries will participate, after all, as long as the oil provided by Venezuela is cheap enough, other countries that require the same use of petroleum coins to purchase oil will also be purchased by other countries.

Here is an article related to cryptocurrency in India, https://medium.com/@Vince81901477/cryptos-in-india-which-way-a-industry-will-move-473ade6ef5a4
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Live Market of Bitcoin, Bitcoin plunged nearly 70% in half a year

Although it has stood at $7,000 again in the past two days, bitcoin prices have shrunk by more than 60% compared to the previous high of nearly $20,000. The reporter noted that in addition to Bitcoin, cryptocurrency is accelerating "death" due to tightening of regulatory policies in various countries. According to a recent report by TechCrunch, a famous American technology blog, as of June 30, 2018, more than 1,000 cryptocurrencies have disappeared.

At the same time, live Market of Bitcoin, the largest cryptocurrency market capitalization, bitcoin price has shrunk dramatically. At the end of June, according to the platform Citicoins data, the price of bitcoin fell below $6,000, and the lowest fell to $5848.26, created the lowest level in the past six months.

On the 18th, look at the Live Market of Bitcoin, Bitcoin rebounded slightly. According to relevant media reports, bitcoin price regained more than 7,000 US dollars, an increase of nearly 10%. Despite this, it fell by as much as 68% from an all-time high of $19,187 in December 2017.
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The cryptocurrency market is at risk because of a huge fluctuation and many investors withdraw their support because they are afraid to get more losses.
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Offline cortanababy

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Before investing in cryptocurrency, you need to understand such tools

As the cryptocurrency industry continues to grow and expand, more and more people are interested in investing in cryptocurrency. Investment transactions in cryptocurrencies ultimately depend on the future performance of this technology. Compared with traditional trading stocks, although the profits are considerable, the cryptocurrency market is more unstable and the potential risks are increased. Therefore, since the birth of cryptocurrency, more and more cryptographic trading tools have emerged to help traders make profits.

What is an encrypted trading tool? Regardless of investment or trading, it is inevitable to combine various tools. For example, the need for a currency trading platform when purchasing cryptocurrencies, a wallet for storing money, a tool for tracking digital assets like checking 1 ethereum to usd chart, and a decision-making tool for buying and selling, are all in the category of cryptographic trading tools. These trading tools play a pivotal role in the trading process, as Peter Borovykh, Blockchain Solution Architect, said: "Strategy is everything in the cryptocurrency, part of the strategy is the tool in your arsenal."
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As bitcoin is the one that always appear in the news so most people only know btc is very common unless they are a user in crypto to know more in depth and the coins that is offered in crypto.
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Re: Only know about bitcoin is out, take a look at the cryptocurrency market
« Reply #24 on: August 21, 2018, 10:23:15 AM »
Cryptocurrency today | Bitcoin price drop $150 in the morning, btc prediction is optimistic

Bitcoin price usd fell more than 150 US dollars in less than half an hour in the morning, and the Bitcoin exchange rate to USD was still around $5,530 at around 5:50, and fell below $6,270 in short-term at 6:15. Recently, Bitcoin price below $6,300, it fell about 3.5% in 24 hours. At the same time when Bitcoin fell, eth to usd exchange fell more sharply exchange to USDT , from about $285 to $270, a drop of more than 5%. Ripple has fallen more than 4% to USDT for more than half an hour.

BTC market sentiment
The panic has converged, but the overall situation is in a high degree of panic and it takes time to repair.

BTC market outlook
The $6,800 is an important resistance level. Once the breakthrough is made, the market will enter more funds. The target of the rebound will be around $11,000-12,000.
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Re: Only know about bitcoin is out, take a look at the cryptocurrency market
« Reply #25 on: August 22, 2018, 11:17:25 AM »
Cryptocurrency today price | BTC vs EOS, bitcoin price is rocket rising

Today, BTC broke through the price at $6630, with the highest price of 6882. The current market is still violently oscillating. BTC price now is $6,706.53, up 5.46%. The mainstream currency also rising price today.

This morning, the price of BTC rose, which was a good one, but it became the top of the capital outflow today with 1.014 billion. Is the BTC that is undergoing a change to be short, or is it starting to stock up?

Not only bitcoin price rises today, EOS also attract attention. EOS coin price today is about $5.31, rising 10.43%, has a great rise since August. EOS's total market capitalization reached $4.64 Billion, accounting for 2.12% of the total cryptocurrency market value. The EOS market value was previously at $17.53B when it reached its high level.
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Re: Only know about bitcoin is out, take a look at the cryptocurrency market
« Reply #26 on: August 22, 2018, 05:41:57 PM »
Cryptocurrency today price | BTC vs EOS, bitcoin price is rocket rising

Today, BTC broke through the price at $6630, with the highest price of 6882. The current market is still violently oscillating. BTC price now is $6,706.53, up 5.46%. The mainstream currency also rising price today.

This morning, the price of BTC rose, which was a good one, but it became the top of the capital outflow today with 1.014 billion. Is the BTC that is undergoing a change to be short, or is it starting to stock up?

Not only bitcoin price rises today, EOS also attract attention. EOS coin price today is about $5.31, rising 10.43%, has a great rise since August. EOS's total market capitalization reached $4.64 Billion, accounting for 2.12% of the total cryptocurrency market value. The EOS market value was previously at $17.53B when it reached its high level.

Actually looking at the market today almost all crypto currency are dropping and most of them are popular crypto so we should be careful on our investment.
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altcoinstalks

Offline cortanababy

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Re: Only know about bitcoin is out, take a look at the cryptocurrency market
« Reply #27 on: August 23, 2018, 09:51:21 AM »
Compare to Ethereum history price, how is Ethereum today

According to ethereum price history data, Ethereum reached a peak of about $1,343 at the beginning of January 2018, and its price was $280 as of August 21, a drop of nearly 80%.

The market value of ETH is also falling sharply. The current market of Ethereum value is about 28.8 billion US dollars, which is nearly 78% lower than the historical high of about 133.58 billion in January this year, and currently, 13.6% of the total market cap is eth.
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Re: Only know about bitcoin is out, take a look at the cryptocurrency market
« Reply #28 on: August 23, 2018, 12:05:30 PM »
So there are $400+ billion market cap for the other altcoins. This just made bitcoin market cap of $100 billion look smaller. Investing in altcoins yes that good be we should be wary of current market trends.

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Re: Only know about bitcoin is out, take a look at the cryptocurrency market
« Reply #29 on: August 24, 2018, 10:47:08 AM »
Ethereum (ETH) hits a new low in 2018

One week review of cryptocurrency market:
The total market value of cryptocurrency was US$212.3 billion, down 1.1% from the previous week, and the volume of the top 100 currencies increased by 1.7% on the 7th.

Weekly outlook:
August 20th: Ethereum Classic (etc coin ) on Bittrex
August 21: The US Senate's Energy and Nature Committee announces the "blockchain and related technology energy efficiency" meeting.

Analysis this week:
Ethereum exchange to btc fell to a new low of 0.042 bitcoin (BTC) in 2018 this week.

The drop in the price of ETH has a lot to do with the cash withdrawal of the ICO project side. As shown in this week's ethereum price chart, the price of ETH has fluctuated higher than BTC in the last two weeks. Moreover, affected by the bear market, ICO project parties have used ETH exchange to BTC or French currency for stop loss. We believe that the decline in ETH prices is related to the development of ICO project. In the second quarter of 2018, as many as 57% of ICO projects remained in the concept at the beginning of the financing period. Compared with the projects in the testing phase or the formal development phase, the project parties that remain in the concept phase have less development resources and lower exit costs.
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