Venture capitalist Tim Draper told CNBC on Friday that bitcoinis good for humanity and that federal regulators should give it room to flourish.

Cryptocurrencies have faced increased criticism from Washington, D.C., after facebook announced that it and dozens of other companies are developing a new cryptocurrency called Libra.

However, Draper said on “sqwuak ” that he believes the larger spotlight is good for bitcoin overall.

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“It’s bringing it to light. It’s good to have people talk about it because the more they talk about it, the more they realize how important bitcoin is going to be for the planet, for all of us,” Draper said.

The veteran tech investor cited the potential for decreased transaction costs and ease of international payments as ways that cryptocurrencies would benefit humanity.

“This is one of the best things that’s ever happened to us,” Draper said.

Draper — one of the first investors in failed blood-testing start-up Theranos and a defender of its embattled founder, Elizabeth Holmes — said regulators are making a mistake by preemptively regulating cryptocurrencies.

David Marcus, the Facebook executive in charge of the company’s Libra efforts, testified in congress for two days this week and faced criticism from both sides of the aisle.

Draper said the federal government should back off and allow cryptocurrencies to grow or it risks losing the innovation to other countries.

“Facebook’s just announced Libra. They haven’t even been able to ship it yet, and the regulators are all over them,” Draper said. “Let them ship the thing. Let’s see how it happens. Let’s let things roll, and then if there’s a problem, then, great, now it’s time for regulators to step in.”

The price of bitcoin has swung considerably several times in recent weeks with the increased focus on cryptocurrencies due to the Libra proposal. The bitcoin price has been both above $13,000 and below $10,000 within the last month.

Draper is a longtime bitcoin bull,predicting last year that the price would reach $250,000 in 2022.

Crytpocurrencies have received heavy interest from mainstream companies. In addition to the Libra project, several financial firms, including Jp morgan, are working on their own crypto projects.

Despite the efforts from corporate giants, Draper still believes bitcoin will be the dominant cryptocurrency.

“All these other cryptos are bridges to where we have a bitcoin environment, and the governments are all trying to figure it out. It turns out, our government has a lot of heavy regulators and they’re all trying to get involved here,” Draper said.

The genesis block for Ethereum occurred on July 30th, 2015 and the blockchain has been running for over a year and a half. This is a long-time in the blockchain world but a short period of time in the grand scheme of technology.

Unlike Bitcoin’s monetary policy, which was clear to all from the beginning (21M fixed supply, 50 BTC distributed from the blockchain every 10 mins with halving every 4 years until the year 2140), the monetary policy of Ethereum has always been nebulous. The lack of a fixed supply has turned off some people and it’s not clear exactly what the long-term supply will actually be. Here’s what is known currently:

Total ETH created (as of 2/13/17): 88,966,410
ETH created at launch: 60M (sold to the crowd) + 11.9M (allocated to the developer fund)
ETH created each year: 15.6M (fixed amount each year)
Inflation rate: Year 1: 21.6%, Year 2: 17.8%, Year 3: 15.1%, Year 4: 13.1%, Year 5: 11.1%, Year 6: 10.4%, Year 7: 9.4%, Year 8: 8.6%, Year 9: 7.9%, Year 10: 7.3%
Given the current plan for coin distribution, there will be 227.1M coins in existence after 10 years. This is subject to change though, as the coin issuance schedule is not yet set in stone and will depend on decisions the Ethereum Foundation makes when the protocol switches from proof-of-work mining to proof-of-stake mining.

The Risks

The risks of ETH as an investment are significant. I believe that there is an 80% chance that the price of ETH is zero within 10 years for one or more of the following reasons:

Security vulnerabilities persist: A turing complete scripting language gives hackers a broad attack vector. We’ve already seen the impact this broad attack vector can have on Ethereum. There is a lot of work to be done to ensure that Ethereum smart contracts are secure enough to build reliable and scalable decentralized applications. If the security vulnerabilities persist, Ethereum will end up ineffective as a developer platform, potentially killing the value of ETH completely.
Lack of immutability: Following the DAO hack, Ethereum hard-forked to prevent the DAO hacker from stealing over $150M worth of ETH. When this happened, a new blockchain was created and its history was revised to revoke the theft. This was controversial to some who believe that a blockchain must maintain immutability, and two different versions of Ethereum ended up forming: Ethereum and Ethereum Classic. Without immutability long-term, it is very difficult for a blockchain to gain mass trust. It’s possible last year’s blockchain revision, or others in the future, could prevent Ethereum from gaining the trust from developers and users it needs to become a widely used blockchain.
Failure to successfully transition from proof-of-work to proof-of-stake: Currently, Ethereum relies on a similar decentralized security model as Bitcoin: proof-of-work. Miners all over the world expend electricity to prove their work, verify transactions, and earn ETH. Ethereum plans to transition to proof of stake to secure the network and distribute tokens, which is highly risky but could pay off with a more accessible and environmentally friendly token distribution process.
Regulation: Unlike Bitcoin, which lacks a central point of failure, the Ethereum Foundation is a clear central point of failure for Ethereum. A regulator that wanted to thwart the adoption of Ethereum can look to a clear choke point in Vitalik and the Ethereum Foundation. This would severely cripple the progress of the project, as a developer platform is as only as strong as the developers behind it.
The Upside

While there are a multitude of risks associated with Ethereum that could destroy the value of ETH, I believe ETH offers an asymmetric risk/reward opportunity. The upside is that Ethereum becomes the infrastructure on which decentralized applications are built and digital assets are issued. There is tremendous developer momentum in the Ethereum community to date, as evidenced by:

Akasha (decentralized online community): We may see a number of decentralized online communities that aren’t controlled by anyone and have economic incentives baked in built on top of Ethereum
Digix (gold-backed digital asset): Ethereum smart-contracts make it easy to issue any new type of token, and we could eventually see all currencies, commodities, and securities represented on top of Ethereum.
Augur (decentralized prediction market): A prediction market is something we haven’t seen reach mass adoption in the centralized world primarily because of regulation, and a decentralized prediction market that can’t be stopped has promise.
IDEX (decentralized exchange): A decentralized exchange that empowers people to exchange their own assets and not rely on any third parties has been a holy grail in the blockchain space, and we’re starting to see some projects emerge.
None of these are ready for mainstream adoption yet, but they demonstrate the developer momentum Ethereum is experiencing.

If Ethereum does not go to zero, I believe it will grow into one of two directions:

The modern infrastructure for web and mobile applications: There’s a growing group of decentralized applications that are emerging on Ethereum as described above. ETH is the token required to run all of these decentralized applications — you can think of ETH as the “crude oil” of the decentralized web movement. The market opportunity here is enormous — the total market value of the top 10 internet companies today is $1.763 trillion. These internet companies control users data which is not ideal for users. Ethereum dapps offer a better way. Assuming just a 0.7% chance that Ethereum becomes the infrastructure of the Internet in 10 years and supplants the 10 current web leaders gives ETH a probability weighted total market value of $12.3B ($1.763T*.007) and a price per coin of $57.94 ($12.3B/212.3M) . ETH is trading at ~80% below that currently.
An experimental developer ecosystem and niche digital currency community: I believe there’s a 19.3% chance that Ethereum doesn’t die completely or grow into the infrastructure for the decentralized web, and instead becomes an experimental developer ecosystem and niche digital currency community. This would give ETH long-term a value of ~$2B, and a probability weighted market value of $386M ($2B*.193), or $1.81 per coin in 10 years.
The Probability-weighted Intrinsic Value of ETH



Given my assumptions about the long-term success of ETH, I believe that the intrinsic value of ETH currently is $12.727B ($12.341B+$386M). Factoring in 10 year inflation, I think the fair price per coin of ETH is $59.75, up 4X+ from it’s current price.

Any risk-seeking investor looking for asymmetric risk/reward opportunities may want to consider adding ETH to their portfolio

The world of cryptocurrencies are diverse, and it is becoming more and more diverse each day. Out of these vast choices of cryptos, Monero is one of the most unique and different cryptocurrencies available.

Benefits of Monero Cryptocurrency:

Private: No one can see how much balance you have by looking at the blockchain.
Secure: Irreversible cryptographic math secures Monero transactions and wallets.
Untraceable: Monero coins can’t be traced back to the blockchain due to encryption.
Decentralized: All nodes or wallets are equally eligible to verify Monero coins.
Fungible: All coins have the same market value irrespective of time or place.
When it comes to buying cryptocurrencies, you have plenty of options.

But when it comes to untraceable and anonymous cryptocurrencies, you have very few options.

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What is Monero? A Definitive Guide for Beginners

Right now, not all cryptos can offer features of privacy, security, or fungibility at the protocol or fundamental code level. But Monero does, hence making it a very viable choice.

Monero, launched in 2014, is the world’s first private, secure, and untraceable digital currency of the internet.

You can say it is like a more confidential Bitcoin.

But Monero is made from scratch and is not just another clone of Bitcoin’s core code.


Note: Monero prices have shot up achieving an unprecedented fifty fold growth in just a span of one year. It is still in the top 10 cryptocurrencies list of CryptoCompare.

Now, let’s understand what makes it so compelling to own a currency which is untraceable and secure.

How is Monero End-To-End Anonymous?

Untraceability Through RING SIGNATURE

They are digital signatures which can be performed by any member of the ring or group, and all the signatures are potential and eligible signatures. A ring signature is by default applicable on the blockchain, and it enables transaction mixing.

This means that when money is sent, it is sent as a group of randomly picked ring signed transactions of the same amount. And out of this, only one is the actual sender, though all may be eligible to send.

Any incoming transaction is coming as a group of transactions and has many possible senders, and each sender has the same chance of being the true sender.

This makes Monero a top choice for maintaining a sender’s privacy.

Unlinkability Through STEALTH ADDRESSES

Stealth addresses take care of the recipient’s privacy. Stealth addresses don’t allow a third party to see any transactions done in and out of that address on the blockchain.

To make it easier to understand, consider your stealth address as your bank account number.

In traditional banking, even if you give your account number to someone, they can’t see your transactions, identify your balance, or find out your spending habits.

Stealth addresses guarantee the same level of transactional privacy in Monero.

When a transaction is done on the Monero blockchain, it doesn’t list the public address of the receiver on the blockchain. It instead creates a new one-time destination address which is not linked to a receiver’s public address.

Irreversible cryptographic math ensures this unlinkability between both the public and stealth addresses.

The receiver can only scan the blockchain for these one-time stealth addresses and verify their funds.

Transactional Privacy Through RING CT

Ring CT stands for “ring confidential transactions”.

This hides the amount that’s been transacted on the Monero blockchain. This feature is now implemented and will not only hide the source of the funds but also hide amounts being sent in a transaction.

Obfuscation Of IP Using KOVARI

Kovari is an open-source technology that hides the IPs while transacting Monero.

Kovari uses both the routing techniques and encryptions to hide the IPs as well as the geographical location of transactions by creating a new layer over the internet. It is still a work in progress but it is worth waiting for.

I think this is the final nail in the coffin for this anonymous cryptocurrency. And will make Monero the most trusted, open source, decentralized, and fully anonymous cryptocurrency.

History of Monero

Monero is an open source, proof-of-work cryptocurrency, and no one owns it.

Riccardo Spagni started this cryptocurrency along with six other developers. There is no concept of pre-mining or ICOs, which makes it a trustable currency backed by market forces.

It came into existence in April 2014 because of a fork (or split) from the Bytecoin cryptocurrency. The split up happened because Bytecoin, an open source cryptocurrency project, was not transparent enough in its operations. Evidence arose on crypto-forums that more than 80% of coins were already pre-mined.

This discrepancy and distrust led to its split into Monero.

Monero uses the CryptoNote protocol, which was initially used by Bytecoin. However, there are significant differences between both cryptocurrencies.


The People Behind Monero

As I mentioned, Monero is not controlled by any central authority, institution, or foundation. But there is a core team of seven people who look after its development, research, and maintenance. These seven members crowdfund the project with their own money.

Out of this core team of seven members, two members have revealed their identity, and the rest of the members prefer to stay anonymous at this time.


Apart from the core team, there is the Monero Research Lab comprising of academics, scientists, and researchers in math and cryptography.

Total Supply of Monero

The mathematics of the total supply of Monero coins is pretty smart. There will be a total of 18.4 million XMR in circulation. Its mining will go until May 31, 2022, and after that, 0.3 XMR per minute will be fed into the system continuously forever.

This continuous supply of 0.3 XMR/minute will ensure that coins never run out of supply and incentive to miners will continue.

Apart from that, there will also be an acceptable inflation rate maintained by this supply.

Market Cap of Monero

At the time of writing this article, the total available circulating supply of Monero (XMR) is approximately 16,470,871 XMR, and the price of each unit of XMR is $112.18. coinsutra first covered Monero when it was 42$ in June 2017)

Hence, the market capitalization of Monero (XMR) is $1.8 billion.

Created in April 2014, Monero (XMR) is classified as a privacy coin due to untraceable, unlinkable, private, and analysis resistant transactions. The cryptocurrency is down 83% from the all-time high, of nearly $500, established in December 2017. The market cap currently stands at US$1.43 billion, ranking XMR 13th on the Brave New Coin market cap table, with US$52.75 million in trading volume over the past 24 hours.

XMR’s default privacy features leverage Multilayered Linkable Spontaneous Anonymous Group signatures (MLSAG), ring confidential transactions (RCT), and stealth addresses. Other coins with the optional ability to send private transactions include Zcash (ZEC), DASH (DASH), GRIN (GRIN), PIVX (PIVX), which use Zero-Knowledge proofs or CoinJoin.

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A quick comparison between coins with privacy capabilities shows that XMR leads in market cap and GitHub activity. Both XMR and GRIN obscure the blockchain transaction values and addresses used.


MLSAG signatures, as used by Shen Noether's RCT, are based on Gregory Maxwell's Confidential Transactions, and Nicolas van Saberhagen's Ring Signatures. These digital signatures allow any member of a group to produce a signature on behalf of the group, without revealing the individual signer's identity.

RCT was initially implemented on XMR in January 2017 and improves upon ring signatures by allowing hidden transaction amounts, origins, and destinations with reasonable efficiency and verifiably trustless coin generation.

The stealth address feature allows for single-use addresses, which only reveal where a payment was sent to the sender and receiver. A multi-signature wallet function was also implemented in April 2018.

A drawback of a hidden ledger is the inability to audit the chain to determine if extra coins have been minted. On July 3rd, HackerOne revealed several vulnerabilities, including the ability to send counterfeit XMR to an exchange wallet. The report stated, “by mining a specially crafted block that still passes daemon verification, an attacker can create a miner transaction that appears to the wallet to include sum of XMR picked by the attacker...this can be exploited to steal money from exchanges.”

The bug did not affect on-chain XMR values and the vulnerability was patched months before the HackerOne report. ZEC had a similar but worse on-chain minting problem with an inflation bug which went without a fix for eight months.

XMR’s transactional privacy features have also attracted increased mining malware and ransomware operators over the past few years. A report released in January 2019 found that nearly 5% of all XMR in existence was created by crypto mining malware.

There have been several malware variants affecting different operating systems. KingMiner, targeting Windows servers, was discovered in June 2018 and likely accounted for an 86% increase in cryptojacking throughout Q2 2018, as reported by McAfee labs. Linux.BtcMine.174, which targeted old Linux operating systems, was discovered in November 2018. Mining malware affecting cloud providers using Linux was discovered in January by Palo Alto Networks Unit 42. The Ukraine government has also been affected by the cryptojacker Minergate.

Trend Micro discovered a significant uptick in XMR-related mining malware over the past year. This included two mining malware variants affecting Windows servers, RADMIN and MIMIKATZ, and Linux malware Coinminer.Linux.MALXMR.UWEIU which eliminated any competing malware on the infected machine. The security analysts also detected a URL spreading a botnet with an XMR miner bundled with a Perl-based backdoor component. The Perl-based backdoor component is capable of launching distributed denial-of-service (DDoS) attacks, allowing the cybercriminals to monetize their botnet through cryptocurrency mining and by offering DDoS-for-hire services. Most of the infection attempts thus far have been in China.

In response to the persistent and ongoing use of malicious software, the XMR community created a website to help users affected by these problems, including information for diagnosing and removing the malicious software. However, there are ongoing concerns around governmental attempts to declare a ban on XMR usage. Japanese and U.S. governments have expressed interest in “legislative or regulatory actions” to prevent the use of privacy focused cryptocurrencies, such as XMR and ZEC, for illicit purposes.

In late 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) blacklisted two specific Bitcoin addresses for the first time, both of which had been used for ransomware. This week, OFAC blacklisted 10 BTC addresses and one LTC address connected to narco trafficking. These blacklisting procedures decrease coin fungibility and increases coin surveillance, both of which are not possible with XMR.

Riccardo Spagni, a member of Monero’s core developer team, has expressed his opinion that the U.S. is unlikely to declare a privacy coin illegal. Spagni believes that privacy coins will remain open to U.S. users as long as Tor remains open. However, he has also said that Zcash, which is managed by a U.S. company, is much more likely to be targeted by U.S. regulators.

There are two key XMR-related protocols in development, Tari and Kovri. Tari was announced in May 2018 and will introduce token creation, in a similar fashion to Colored Coins on Bitcoin, ERC20 tokens on Ethereum, and non-fungible tokens (NFTs) in general. Although there have been no recent announcements related to Tari, the GitHub remains active. Milestones set by year end include a Tari node and testnet.

Most coins use the developer community of GitHub. Files are saved in folders called "repositories," or "repos." Changes to these files are recorded with "commits," which save a record of what changes were made, when, and by who. Although commits represent quantity and not necessarily quality, a higher number of commits can signify higher dev activity and interest.


Source: GitHub

Kovri has features that are similar to The Onion Router (TOR), and is currently in pre-alpha. Kovri will add additional user privacy by anonymizing geographical locations and IP addresses with an overlay network. Initially, Kovri will be implemented in the official XMR wallet. Eventually, all future XMR transactions will be routed through Kovri. After Microsoft acquired GitHub, Kovri’s development work was moved to GitLab. The Kovri GitLab has had no activity in the past five months.


Source: GitLab

On the network side, the XMR community has taken an aggressive approach to regain application specific integrated circuit (ASIC) resistance. Beginning in late 2017, the XMR hashrate began to increase substantially, suggesting stealth ASIC mining. This meant that CPUs and GPUs could no longer efficiently mine XMR. The increased use of ASICs on any chain can mean increased network centralization as less efficient hardware, like GPUs and CPUs, become unprofitable to use, allowing those with more resources to buy more ASICs.

The XMR Proof-of-Work (PoW) algorithm, CryptoNight, had been scheduled for slight changes through the use of periodic hard forks, every six months, which would have ideally decreased the use of ASICs on the chain. Future PoW algorithm changes, potentially being released in October 2019, will likely involve a new consensus algorithm. Developed over the past year, the Random X algorithm prevents ASIC or GPU mining, focusing instead on CPU-centric mining. The algorithm has now passed two security audits, making implementation into Monero increasingly likely.

The most recent scheduled hard fork occurred on March 9th at block 1,788,000, which implemented Monero Core v0.14.1. The hard fork brought blockchain pruning and improves transaction efficiency, along with an immediate and significant drop in hash rate. A similar drop in hash rate occurred after the hard fork in April 2018, suggesting the possibility of significant ASIC use on the chain.

Another possible reason for the significant rise and decline in hash rate may be due to increased mining malware using the now defunct PoW algorithm. The October 2018 hard fork didn’t trigger as much change in the hash rate when compared to the April and March hard forks.


Source: BitInfoCharts

Since the March hard fork, hash rate has stabilized and, based on mining difficulty, overall miner participation is holding near a 17-month low. Despite the multiple hard forks, hash rate distribution remains widely varied between six major pools and several smaller and unknown pools. Although frequent PoW changes decrease ASICs on the chain, as total hash rate drops, risks of a 51% attack increase.


Just over 93% of the 18.4 million XMR to exist by May 2022 have now been mined XMR has a two-minute targeted block time with a 2.93% annual inflation rate (line, chart below), which is among the lowest of all coins. Instead of the stepwise disinflationary curve, which occurs after each Bitcoin block reward halving, XMR has a smoother emission curve until the block reward hits 0.3 XMR per minute, where it will remain indefinitely. This is known as tail emission and ensures a block reward in perpetuity, regardless of transaction fees.


Transactions per day (line, chart below) recently hit an all-time high of 15,000 but have dropped 50% since May. Peaks in mining difficulty (fill, chart below) since January 2018 have preceded spikes in transactions per day, suggesting that mining activity may be a cause for this transaction spike. As mining malware activity or new ASICs come on or offline, mining difficulty can vary wildly.


Source: CoinMetrics

XMR had historically led the pack in regards to transaction fees (red, chart below). XMR transaction fees are currently lower than ZEC but higher than DASH, GRIN, and PIVX. XMR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH (not shown).

In October 2018, XMR completed a hard fork to implement Bulletproofs, which reduced transaction sizes by 80% and immediately brought average transaction fees down to US$0.027. XMR’s average daily block size is currently higher than ZEC, DASH and PIVX, and has also decreased significantly since the addition of Bulletproofs (not shown).


Turning to developer activity, XMR currently has 17 repos on GitHub. In total, over 200 developers have contributed over 3,000 commits in the past year across all repos. Most of these commits have occurred on the main XMR repo (shown below). In January, the XMR wallet and node software Monerujo v1.10.14 was released, allowing for increased privacy obfuscation for where payments are sent and how much is held in the wallet. Monero v0.14.1.0 was released in June and brought the introduction of blockchain pruning and improved transaction efficiency. Monerujo v1.11.13 was released in July with minor improvements.


Source: GitHub

Exchange traded volume has been led by the Bitcoin (BTC) and Tether (USDT) pairs. The sustained dominance of the BTC trading pair is largely due to the lack of direct fiat gateways for XMR. However, earlier this year, Binance added XMR/BNB and XMR/USDT trading pairs. XMR/BTC margin trading was added to Poloniex in late April. This month, Poloniex delisted LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, and BCN/XMR pairs due to low volume.

As exchange services like Shapeshift and Changelly now require customers to register for KYC/AML requirements, XMR volume on decentralized exchanges (DEXs) will likely continue to increase. The XMR/BTC pair on Bisq, a peer to peer private DEX, currently accounts for 98.23% of the total exchange volume. In 2018, the U.S. Securities and Exchange Commission announced that DEX owners need to register as exchanges, which may keep unregistered DEXs out of the U.S. entirely.

In the future, XMR may be delisted from centralized exchanges and relegated to DEXs entirely. Although, in August 2018, XMR was listed as a potential addition to Coinbase. ZEC was added to Coinbase with it’s optional privacy feature disabled. Hardware wallet solutions currently available for XMR include the Trezor Model T and the Ledger Nano S.


Worldwide Google Trends interest regarding the term "Monero" remained sharply down over the course of 2018 and early 2019, and is currently sitting at a multi-year low. A slow rise in searches for "Monero" preceded the bull run in Q4 2017, likely signaling a large swath of new market participants at that time. A 2015 study found a strong correlation between the google trends data and bitcoin price, while a 2017 study concluded that when the U.S. Google "Bitcoin" searches increase dramatically, Bitcoin price drops.


Technical Analysis

Over the past two years, XMR and BTC have had higher price correlations than most other coins. The correlation dropped dramatically around June 24th, a few days before the XMR bug was broadly announced. As the correlation continues to decline, a roadmap for price can be found using exponential moving averages, Pitchforks, Volume, chart patterns, and the Ichimoku Cloud. Further background information on the technical analysis discussed below can be found here.


Source: CoinMetrics

On the daily chart, the 50-day exponential moving average (EMA) and 200-day EMA were bearishly crossed for 365 days, and subsequently crossed bullishly in late May. With price hovering below both the 50-day EMA at US$86 and 200-day EMA at US$82, bearish continuation followed by a Death Cross is now more likely. Further, long/short open interest on Bitfinex (top panel, chart below) is currently 80% long with longs slowly decreasing over the past few weeks. Shorts have been essentially unchanged over the past month.

Price has also been bound by a bearish Pitchfork (PF) for the past year, with anchor points in December 2017, February 2018, and April 2018. Price has been unable to definitively breach the PF despite several attempts. The median line (yellow), currently at US$47, and will likely be continually tested as either support or resistance so long as the PF is active. There is also a high volume VPVR node from US$41 to US$53 which should act as near-term support. Additionally, there are no active divergences to suggest weakening bearish momentum.


Turning to the Ichimoku Cloud, four metrics are used to determine if a trend exists; the current price in relation to the Cloud, the color of the Cloud (red for bearish, green for bullish), the Tenkan (T) and Kijun (K) cross, and the Lagging Span. The best trade entry always occurs when most of the signals flip from bearish to bullish, or vice versa.

Cloud metrics on the daily time frame with doubled settings (20/60/120/30) for more accurate signals are bearish; price below the Cloud, the Cloud is bearish, the TK cross is bearish, and the Lagging Span is in price and below Cloud. A traditional long entry will not occur until price is above the Cloud.


Lastly, on the XMR/BTC daily chart, the trend is significantly bearish. The 50-day EMA and 200-day EMAs have been bearishly crossed for over a year and Cloud metrics are also 100% bearish (not shown). If buyers can not hold the current low, there is no significant support until the previous local highs near 0.004 BTC. Additionally, there are no active RSI or volume divergences currently to suggest waning bearish momentum.


Conclusion

Fundamentals show active and continued incremental upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, and improved custody solutions. On-chain use has decreased in recent weeks, which largely falls in line with the wider market.

The network will likely drastically change it’s consensus algorithm from CryptoNight to Random X this coming October, in a bid to remove ASICs from the network permanently. Thanks to XMR’s ironclad privacy, darknet traffic continues at a fever pitch with new mining malware and various attack vectors being discovered almost monthly.

Technicals for the XMR/USD pair show trend metrics threatening a Death Cross as the Cloud has already turned bearish. Strong support sits from US$41 to US$53 while strong resistance sits at US$120. Technicals for the XMR/BTC pair remain firmly bearish, with trend metrics showing no signs of bullish momentum. Critical support stands at the local low, which if breached, will likely result in significant downward momentum, potentially towards 0.004.

PS: This article is subject to personal opinion. Any investment to be made should be critically considered and also made known to professionals for optimal advice.

Dash is unlike other cryptocurrency projects like Ethereum or Stratis which are more of a development platform.

Dash advocates itself as peer-to-peer decentralized electronic cash. It intends to be as liquid as real cash which we use in our respective countries like USD/GBP/EUR/INR or CNY.

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Dash is built upon Bitcoin’s core code with the addition of new features (such as privacy and quick transactions).

Like BTC, Dash is open-source and has its own blockchain, wallet infrastructure, and community. But unlike BTC, its transaction fee is negligible.

Moreover, it looks like from the attitude of the development community that Dash will only remain as digital money for the internet, which is a good thing.

When And Why Was Dash Created?

Dash was created three years ago on 18 January 2014 by its developer Evan Duffield.

Dash was originally released as XCoin (XCO). In February 2014, the name was changed to “Darkcoin”. And on 25 March 2015, Darkcoin was rebranded as “Dash”.

Evan Duffield came across Bitcoin in 2010 and was impressed by its technology. But he soon realized that Bitcoin was not private and fast enough.

He had many ideas on how to make Bitcoin anonymous, but he knew that Bitcoin’s core developers wouldn’t allow him to do so, as the core’s code would need to be changed for this.

So to change this primary drawback of Bitcoin, Evan decided to use Bitcoin’s core code and build his own cryptocurrency- this is what we know of today as Dash.

Dash Coin Supply

Dash is designed to have a total supply of 18 million coins.

At present, the circulating supply of Dash is 7.4 million, and it will reach 18 million in the year 2300 (when none of us will be alive).

Dash has a variable block reward which decreases at a 7.1 % rate each year. The average block mining time is 2.5 minutes on the Dash blockchain, which makes it four times faster than Bitcoin.

Dash Market Cap

At the point of writing this article, the total available circulating supply of Dash (DASH) is approximately 7.4 million, and the price of each unit of DASH is worth $204.

Hence, the market capitalization of Dash is $1.5 billion. As of June 2017, Dash is the seventh (6th) most valuable cryptocurrency by market capitalization.

How To Buy Dash?

Buy Dash from Changelly

One of the easiest ways to get ahold of your first Dash (DASH) is to get it exchanged from Changelly.

Changelly is an instant exchange where you can exchange various cryptocurrencies. Changelly currently supports 55 cryptocurrencies (including Dash).

You will require the following things:

Your Dash address where you would like to receive your Dash.
Some BTC/LTC or any other supported crypto to exchange for Dash.
Note: Though this guide shows you how to buy Ripple in exchange for BTC, the process is exactly the same for buying Dash.

Buy Dash from Exchanges

Binance: Supported pairs are DASH/BTC, DASH/ETH
Bittrex: Supported pairs are DASH/BTC, DASH/ETH
Gate.io: Supported pairs are DASH/BTC, DASH/USDT
Bitfinex: Supported pairs are DASH/BTC, DASH/USD
KuCoin: Supported pairs are DASH/BTC, DASH/USDT, DASH/ETH
Now that you have bought Dash, let’s put those coins in a wallet.

Word of advice: Don’t store your coins on exchanges for a long time. A couple of days is fine, but in general, this is a very bad and risky practice.

Dash Paper Wallet

You can also make a paper wallet. Paper wallets contain both the private key and as well as the public key of Dash. It is the cheapest form of cold storage. Refer to this guide on how to make a Dash paper wallet.

The Technology Of Dash


Dash has a few features that make it really unique:

Private Send – Dash allows you to send your funds privately by mixing it in between several other transactions, thus making it hard to identify any specific transaction. It uses a coin mixing service based on CoinJoin. This is an optional privacy feature which the user may want to use. But there is a limited cap of 1000 Dash for which you can send using this feature.
Instant Send – This service allows you to send your Dash transactions instantly (within 1.5 seconds). But Masternodes (see below) charges higher fees for processing such transactions. InstantSend also solves the double-spending problem. Note: InstantX was rebranded to InstantSend in 2016.
Masternodes – Unlike Bitcoin, where each note is equal, Dash has special privilege nodes called Masternodes. Anyone can form Masternodes by holding 1000 Dash as collateral. These special nodes perform PrivateSend and InstantSend functions, and earn a 45% block reward.

Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Ethereum (ETH), the second-largest and most popular virtual currency in the market has already doubled in price since the beginning of the year. The main question is whether the cryptocurrency will be able to repeat the performance once again throughout 2020. There are some things that let us think there is a lot going on behind Ethereum’s project.

Ethereum Price 2020

We wrote at UseTheBitcoin that there were many factors that could help Ethereum surge in the coming years. The main question is which new things will help Ethereum move forward in the market once again.

One of the things that could push Ethereum to new highs is related to the premium many traders are paying to have exposure to this virtual currency. Specifically, large investors are paying a 220% premium in order to have access to Ethereum.

This shows that the interest from accredited investors and institutions continues to grow. Not only Bitcoin (BTC) is calling the attention of traders but other digital assets are also doing so. One of them is Ethereum, considering this is the second most valuable virtual currency in the world.

Traders entering the market could have a large influence on the price of this cryptocurrency. If demands continue to grow and the bull market keeps for several months, Ethereum may certainly double in price.

Expanding Decentralized Finance

One of the main things that are helping the market to move forward is related to decentralized finance. Decentralized Finance, also known as DeFi is pushing the Ethereum ecosystem to the next level.

There are several projects that are gathering and attracting several funds to the ecosystem and this could have massive implications for Ethereum. The second-largest blockchain network in the world is known for providing smart contracts to the market. This is now evolving towards DeFi, which is becoming an industry itself in the crypto space.

As reported by DeFi Pulse, in early February there were more than 3.1 million ETH locked in a wide range of Decentralized Finance applications with Maker (MKR) being the leader in the market with a 61.6% dominance.

Other companies and projects such as InstaDapp, Compound and Uniswap are also expanding and attracting a larger amount of funds.

There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested and also you can invest in cloud mining.

Conclusion

Ethereum has already doubled in price during 2020. It moved from around $125 to over $260. Now it has a price per coin of close to $270. Would ETH be able to surge and surpass $540 in the current year?

The truth is that bitcoin is the hottest trading market right now. It is hotter than stock trading, oil trading, gold trading and any other market at this point. The reason people believe this is going to continue to be a hot market is because of blockchain technology. This is what allows transactions to happen without a central exchange. Here is another strategy on how to draw trend lines with fractals.

Trading bitcoin for profit is actually a universal cryptocurrency trading strategy. It can be used to trade any of the 800-plus cryptocurrencies available to trade as of today. If you’re not already familiar with cryptocurrencies it’s best to first start with a brief introduction.

There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested.

How to Start Trading Bitcoin:

The first thing you need to get started trading bitcoin is to open a bitcoin wallet. If you do not have a bitcoin wallet then you can open one at the biggest wallet called Coinbase. We have arranged a special deal for everyone wanting to get started in bitcoin to get a free $10 at Coinbase.

Bitcoin traders are actively seeking the best possible solutions for trading and investing in bitcoin. We have some of the best methods explained right here in this article. We have learned this bitcoin wisdom by trial and error and we are going to show you what is working right now. The methods we teach are not dependent on the price of bitcoin. They can be used whether bitcoin is going up or going down.

Keep in mind that it is possible to lose money. Your capital is at risk while trading cryptocurrency because it is still trading at the end of the day. We always recommend that you demo trade before risking any live money.

These bitcoin strategies can also be used for trading bitcoin cash as well as other cryptocurrencies. In fact, you can use this as a trade guide for any type of trading instrument. Blockchain technology is a big step forward for how to access information. Many companies are starting to develop applications to use Blockchain in their favor. Remember that when trading digital currency, it may seem like it's not a real currency. But it actually is real. This is not some Ponzi scheme. Before you buy bitcoins, have a solid plan in place and don’t underestimate the cryptocurrency markets. You must do your technical analysis just as if you were going to day trade any other instruments.

Top Exchanges for Trading Bitcoin & Cryptocurrencies

One of the reasons why Bitcoin is so popular among day traders is that there are many different Bitcoin exchanges available. Finding the best Bitcoin exchange will depend on many different factors. These include your home country, the preferred method of payment, fees, limits, liquidity needs, and other factors.

Here are some of the top cryptocurrency exchanges in the market:

Coinbase is the world’s largest crypto exchange. Available in the United States, Canada, and the majority of countries in Europe. Offers several payment options.Binance is the second-largest exchange that trades over 130 different currencies. Has low transaction fees (0.1%).Bitmex is the third-largest exchange and only trades BTC. Great for short selling and margin trades.Bittrex is a US-based exchange founded by ex-Microsoft security professionals.Robinhood is a new exchange with 6 million users and takes zero trading fees.OKEx is a Hong Kong-based exchange. Trades over 145 different cryptocurrencies.GDAX - United States-based exchange that allows users to trade Bitcoin, Ether, Litecoin, and other cryptocurrencies.itBit operates as both a global over-the-counter (OTC) trading desk and a global Bitcoin exchange platform.Coinmama - allows you to buy and sell easily. Accepts credit cards and has a large global reach.
What is This Free Bitcoin Trading Strategy?

A cryptocurrency is really no different than the money you have in your wallet. They have no intrinsic value. And cryptocurrency is just bits of data while real money is just pieces of paper.


Unlike fiat money, Bitcoins and other cryptocurrencies have no central bank that controls them. This means that cryptocurrencies can be sent directly from user to user without any credit cards or banks acting as the intermediary. The major advantage of cryptocurrencies is that you can’t print them like central banks do to create fiat money.

When you print lots of money, inflation goes up which makes the currency value going down. There is a limited amount of Bitcoins. This holds true for the majority of the other cryptocurrencies. The supply side can’t increase which makes Bitcoin less prone to being affected by inflation.

Now, let’s move forward and see how we can profit from the cryptocurrency mania. We will use our best Bitcoin trading strategy.

How to Day Trade Bitcoin

While long term traders prefer to hold their bitcoin positions for extended periods of time, day traders have discovered that Bitcoin is lucrative for many reasons:

Crypto trading is more volatile than stock trading.
Bitcoin is traded 24 hours per day 7 days a week.
Bitcoin allows for big trades with low overhead.
Bitcoin is the most liquid form of cryptocurrency.
Multiple trading opportunities emerge within a 24 hour period.
Because Bitcoin is more volatile than other tradeable assets, there will be a high number of profitable trading opportunities occurring each day. Like ordinary currencies, using technical indicators will make it easier to tell when price increases are likely to occur. Volume, relative strength, oscillators, and moving averages can all be applied to Bitcoin day trading.

It is important to pay attention to technical indicators and developing trends. In this next step, we will talk about OBV trading and how to get started buying and selling cryptocurrencies.

The Best Bitcoin Trading Strategy – 5 Easy Steps to Profit

This is a cryptocurrency trading strategy that can be used trading all the important cryptocurrencies. Actually, this is an Ethereum trading strategy as much as it’s a Bitcoin trading strategy. If you didn’t know Ethereum is the second most popular cryptocurrency (see figure below).


The best Bitcoin trading strategy is an 85% price action strategy and a 15% cryptocurrency trading strategy that uses an indicator.

Now…

Before we move forward, we must define the mysterious technical indicator. You'll need this for the best Bitcoin trading strategy and how to use it:

The only indicator you need is the:

On Balance Volume (OBV): This is one of the best indicators for day trading bitcoin. It is used to basically analyze the total money flow in an out of an instrument. The OVB uses a combination of volume and price activity. This tells you the total amount of money going in and out of the market.


OBV Indicator

The OBV indicator can be found on most trading platforms like Tradingview and MT4. How to read the information from the OBV indicator is quite simple.

In theory, if Bitcoin is trading up and at the same time the OBV was trading down, this is an indication that people are selling into this rally. The move to the upside wouldn’t be sustainable. The same is true in reverse if Bitcoin was trading down and at the same time the OBV was trading up.


What we really want to see is the OBV moving in the same direction as the Bitcoin price. Later on, you’ll learn how to apply this information together with the cryptocurrency trading strategy.