Year: 2018

Why Is Bitcoin falling

Bitcoin was seized from illegal vendors on the Darknet

1 min read

Bitcoin is falling because more than $20 million in bitcoin was seized from illegal vendors on the Darknet by the DoJ.

The market was rocked this morning as news emerges more than $20 million in bitcoin was seized from illegal vendors on the Darknet by the Department of Justice (DoJ).

According to www.express.co.uk agents claim to have seized cryptocurrency mining devices, weapons, narcotics, $3.6 million in US currency and more than 2,000 bitcoins worth more than $20 million.

”The operation which was spearheaded by the Department of Justice had Special Agents of Homeland Security Investigations (HSI) pose as money launderers on Darknet market sites where they were able to identify vendors of illicit products while exchanging U.S dollars for virtual currency – reports www.express.co.uk”

Also, after the most recent comments from Alibaba’s chairman Jack Ma advising traders to avoid trading in BTC, prices may also have slumped.

Speaking at a launch event for a new online-payment service for real-time cash transfers between Hong Kong and the Philippines, he said: “Technology itself isn’t the bubble, but bitcoin likely is.”

Bitcoin is falling

Bitcoin has slumped overnight as a return to $5k territory looks all the more likely, however, one expert says that after so many recoveries bitcoin is getting “stronger” and “beginning to gain trust in the marketplace”.

Brian Kelly, founder, and CEO of BKCM LLC replied on the latest BTC price plunge by telling CNBC on Sunday – “this is not the funeral for bitcoin whatsoever.“

Bob Loukas, the founder of Bitcoin. Live told Express.co.uk that much of today’s volatility is part and parcel of waiting while the “excesses of the 2017 bull market to wear off.”

“I agree with Brian Kelly, bitcoin is far from dead and we predict this fall will not be the end but another trial after which it is looking to emerge even stronger.” – he said, “From an investor’s standpoint, bitcoin’s ability to weather multiple attacks and price collapses, while remaining to be a great performing asset in the past decade, is beginning to gain trust in the marketplace.”

“It’s a social movement. It’s an epidemic of enthusiasm. It is a speculative bubble. That doesn’t mean that it will go to zero.” – Robert Shiller

Risk Disclosure (read carefully!)

27th June 2018
Trading Or Investing – What’s Better Strategy?

Understand the differences between trading and investing to be able to choose your strategy for approaching the stock market

By Guy Avtalyon

Trading or investing? Actually they are two very different strategies of trying to profit in the financial markets. The goal of investing is to continuously build wealth over a long time through the buying and holding of a portfolio of stocks, mutual funds, bonds, and other investment products.
Investors usually increase their profits through compounding or reinvesting any profits and dividends into new stocks

Trading versus Investing

Investments are usually kept for years, sometimes even decades. There are many advantages to investing for a long time, for example, interest, dividends, can give profits also. Investors are more concerned with market fundamentals, such as price/earnings ratios and management predictions.

On the other hand, trading involves the more frequent buying and selling of stock, commodities, currency pairs, or other, with the goal of generating returns that outperform buy-and-hold investing. Trading profits are generated by buying at a lower price and selling at a higher price within a short period of time. But, trading profits are made also by selling at a higher price and buying to cover at a lower price (known as “selling short”) to profit in falling markets.

For traders, the stock price action is more important. If the selling price goes up, they will usually want to sell the stocks they hold. Trading is more the art of right timing while investing is the ability to create wealth by increasing interest, plus dividends over the years. Investors’goal is to keep excellent stocks in the market. Trading will give you a chance to profit on short-term market movements.

Investing means to hold stocks for a longer time, longer than 5 years, for example. But some investors hold their excellent stocks for decades and sometimes they are the part of the inheritance.

Stock investor versus stock trader

Stock traders and stock investors approach the stock market with the same objective but use different modus operandi. But stock investor tries to achieve this through a single transaction, whereas the stock trader chooses multiple transactions but in quick succession. The stock investor just buys and holds while the stock trader buys and sells stocks on a continuous basis.

Select stocks for investment

Stock investors are very patient and have the tendency to hold stocks until the market realizes their actual worth.

Stock traders are simply concerned about the price movement and they are ready to buy an overvalued stock if the price movement suggests so. They are least worried about the valuation of the stock.

Trading tools for trading and investing

Stock investors rely on fundamental analysis for identifying investment avenues. They utilize top-down and bottoms-up approach together with ratio analysis for stock selection.

Stock traders employ technical analysis to maximize their returns. They are concerned about past and current price movements.

Different market niche

Stock investors pay more attention to taking dividends payments while traders never or rarely pay attention to dividends. This limitation makes the derivative market more suitable for traders and the cash market for investors.

Why you have to know all of this?

You have to know, to recognize, your own psychology before entering the market. To find which of this technique suits you better. Identifying your personality will enable you to employ the right tools and techniques to be a winner.

If you are comfy with speculation, be a trader, and if you are a hunker, choose to be an investor.

27th June 2018
Clairvoyant From Wall Street

1 min read

Just another clairvoyant from Wall Street.

Jordan Belfort said Bitcoin’s price struggles in 2018 signal the beginning of the end for the top-ranked cryptocurrency. He gave advice to holders to get out and to do that before ”the inevitable crash.” Despite the extremely negative attitude towards Bitcoin itself, but this clairvoyant from Wall Street has trusted to Blockchain, the technology behind BTC and other cryptos. He said that Blockchain held immense promise.

So, why the end of Bitcoin is near, according to Belfort?

The reason lies in the multiple price dips experienced in June 2018 show that BCT is approaching its “final days.” He said that a major crash that would decimate the perceived value of the crypto was imminent.

According to him, the perceived value of Bitcoin fell into the category of “the greater fool theory.” He accused people like John McAfee of deceiving the cryptocurrency community with false promises saying: ”The only reason why they’re doing that is that they’re trying to get more suckers in. To create unrealistic price projections at ridiculous values.”

And Belfort went to say: ”Everything is wrong with it [BTC]. There’re too many fundamental flaws with it, and [the] bottom line is, get out if you don’t want to lose all your money.”

This isn’t the first time that Belfort shows how hard he is against BTC and cryptocurrencies.

In September 2017, he agreed with Jamie Dimon that BTC was a “fraud.” Belfort took things a step further the following month, calling ICOs “the biggest scam ever.”

Is he right, what do you think?

True is that cryptocurrency remains an abstract investment for many, but there may be more appetite for digital currencies than some might suggest or want it to be.

If you ask Steve Wozniak and Jack Dorsey, Bitcoin will become the currency of the future. And I agree with those two guys.

Belfort comes from Wall Street, remember that.

26th June 2018
Crypto is at Risk In Korea!

1 min read

Crypto is at risk in Korea.

What excited the audience most is the information that one of an employee of Bitkoex, an exchange launched in May, posted information on how much of the Karma (KRM) cryptocurrency was held by 19 users on the platform in a social media chat last Friday.

The leaked message contained the email addresses associated with the users as well as the wallet addresses and private keys to the KRM token in their accounts. This could allow anyone with the information to access the assets, according to a report from CoinDesk Korea.

Those users hold 750 million won, or around $620,000, the report said.

Later, Bitkoex said the employee posted the message by accident and the exchange has moved the exposed assets to a cold wallet. That means that information about them is not accessible through the internet. The company claimed no assets have been lost. This is not the first time that user information had been leaked from a Korean crypto exchange.

CoinDesk, previously reported, the computer of an employee from Bithumb, was hacked earlier last year.

On Monday, June 25th, the country’s Ministry of Science and ICT inspected the information security level of 21 crypto exchanges in South Korea from January to March and confirmed that most companies have security vulnerabilities.

Just last week, Bithumb said, that around $31 million in cryptocurrency was stolen by hackers from the platform.

But, it is obvious, that is not the reason why Crypto is at risk in Korea.

Update 5/30/2019

South Korea’s major currency exchange Bithumb has properly started an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7 this year.

Moreover, South Korea is a hotspot for cryptocurrencies.

A survey announced on April 20 by the Korea Financial Investment Association reveals that the ordinary cryptocurrency trader in that country has grown their crypto holdings by 64.2% in the last year.

26th June 2018
TRADEO, Why Should You Choose?

3 min read

Tradeo have been established since 2011, and have a head office in Cyprus.

If you try to find them on Facebook and visit their page, you will find that they don’t have many followers, barely 16,000 which is strange for a broker with almost 8 years of experience.

Anyway, Tradeo is a unique Forex & Commodities CFD broker offering a social trading platform. Based on a variety of performance indicators, investors can search and find hundreds of traders to copy or follow, which is good for new ones.

Although many believe that Social Trading is seen by many as an easy way to invest, however there are some risks involved.

To open a live account, you’ll need a minimum deposit of $250 or to use their demo account which is better because you have chance to learn and you can use this FREE DEMO ACCOUNT to try with paper money trading.

Take your time, test, learn, see how it looks when you lose trades, see when you win some.

Also, you can follow what experienced traders do.

Proper research and time must be spent on vetting the various traders you want to follow. But beware, past performance is never an indication of future results, which means a “good” trader will not necessarily continue to be profitable.

And after some time you can open a real account. That’s a big opportunity.

But every single information you can have if you visit their website. which is available in several languages: English, Français, Русский, Italiano, Español, Arabic, Português, German, English and Korean.

That’s why they have a BrokerNotes A support rating because Tradeo offers over three languages.

Use this link to check:
https://tradeo.pro/ww?p=default-0318

In the process of opening account, you’ll need to answer a few basic compliance questions to confirm how much trading experience you have. That’s why you have to put aside at least 15 minutes or so to complete the account opening process.

Every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade.

It’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation and on your personal data.

SCAM OR LEGIT

Tradeo is licensed in the European Union by CySEC in Cyprus with licensed number 282/15.

For clients outside of Europe, they are is owned by; Adelane Trading Ltd., which is located at Bul. Todor Aleksandrov 28, Floor 9, Sofia, Sofia Center, Bulgaria.

Using a regulated broker is the smart choice for all investors because their license offers you various protections.

Many forex brokers try to be all things to all people at the same time but fail due to a lack of focus. On their website, we find “Tradeo is pioneering the world’s first true Social Trading platform. Backed by leading venture capital firms, Tradeo is committed to revolutionizing the financial trading experience. We’ve spent the last three years working on a suite of exceptional Social Trading tools. From accurate market feeds, advanced charting, and groundbreaking social features to our beautiful interface, Tradeo’s technology represents a quantum leap in the quality of a trader’s overall online experience.”

Tradeo’s operating platform sets them apart from the herd of competitors in this field. Not only can you mirror-trade by choosing from a large group of expert global traders, but you may also learn from the strategy commentary included by the service and set loss limits that will automatically protect your risk downside. The social trading feature set is free. You may trade forex, stocks, commodities, and indices, and your account is protected by the Cyprus Securities and Exchange Commission. (CySEC)

WHY TRADE WITH TRADEO?

You can find several reasons:

1) Tradeo was founded after three years of intense development, by experts in the forex industry and social trading operating systems;
2) Two trading platforms: Tradeo’s proprietary trading platform or MT4;
3) Nearly 100 asset choices, comprised of forex pairs, stocks (CFDs), commodities, and indices;
4) Free demo account for unlimited time, and only one account classification;
5) No dealing desk – full Straight-Through Processing (STP) trading model;
6) Help desk support available online via email or live chat, or direct phone line;
7) No additional commissions for Social Trading features;
8) Leverage offered up to 200:1.

And for beginners very important information.

One of the features of the Tradeo social trading platform is that additional commentary is provided that explains the strategic moves of your choice of partner. In other words, you may learn as you go with each mirrored trade.

Also, automatic stop-losses may be set for your protection.

And you have several ways to access to support personnel which is available through live chat, email or direct phone connection.

You can find great recommendations and testimonials for Tradeo in forums:

“I thought it would be hard to get started, but they really made it easy. Once I picked a few leading traders to copy, it was all automatic – now I just sit back and watch them trade for me!”

But also:

“I’ve been with Tradeo but I’m soon leaving. I’m waiting to be paid my Rev Share commissions since 6 weeks. I posted a message on their chat wall asking if anybody else got the same problem and guess what? A formal Senior Account Manager answered that they cannot afford anymore any payment and that he is still waiting to receive part of his salary. SO PLEASE BE CAREFUL ….”

As we can see, the experiences are different. We can not ignore the fact that mistakes are sometimes caused by our side.

So, it is the smartest way to create a demo account at first. To avoid mistakes.

Tradeo competes with eToro, one of the largest “Social Trading” brokers.

But eToro has ‘’Copy Portfolio’’.

About other respectable exchanges read HERE

26th June 2018
Can Focused Groups Solve Loss Problems?
How do focused groups work? What are the advantages?

By Guy Avtalyon

Yes, we have to discuss focused groups.

You do not need a time machine to profit from crypto It’s true. If you invested in Bitcoin 7 years ago, 5 years ago or even 2 years ago – you would become a millionaire.

But, it’s still can happen.

In fact, people are still making good profits from it. Some even left their day jobs because of it I DO NOT say you need or will leave your day job

Everyone needs a secure and safe income, and we all know there are many risks in the fortune markets, the stock markets, and even the crypto markets.

But the time is now.

Let me share a scenario I believe will happen:

First of all, you should know (if you don’t by now) that crypto wallets are public for everyone to see how much you have inside, BUT it’s encrypted that way no one can know whom this wallet belongs to…

So, we can all see the largest bitcoin wallets there is:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Two things interest us most:
1. There are 1,292(!!) wallets with over 10MIL of US Dollar worth in them
2. And the richest wallet has $1,839,622,745 USD of worth in it (Almost 2 Billion(!!!!!) Dollar) for lucky address number 3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
Why do we care about all these?

Again, for 2 reasons:
1. It’s clear there is A LOT of money into it
2. By the fact we are a lot smaller than them, we can use their largeness to our advantage!
What do I mean?

Say, a big shark, someone with a wallet of 5 million dollar wants to start making these profits for real and monetize it into dollars. That means – sell it at market price for any demand.

He can do it for only until some kind of limit, once he tries to get rid of a lot, it will definitely impact the price Bitcoin is trading. So, the largest your wallet is – the more difficult it will be for you to turn it into more usable money.

In fact, the fact those wallets still have those amounts of money in them means 2 things:
1. They lost the password, which means those bitcoins are lost forever
2. They turn it into money slowly, slowly so it won’t impact the trading price
What we aim to do, besides many more things we do, is to follow the leader
It’s a common strategy in the Game Theory industry.

What it basically means, is that once you’re not the leader (in this case, for sure) – you should look carefully at what is the leader doing and copy it as fast as you can.

You can learn more about it here:
https://en.wikipedia.org/wiki/Stackelberg_competition

So how can you profit off it?

It’s simple.

You got a few options:
1. Buy and hold for at least two years (most risky)
2. Trade it. Just trading Bitcoin most of the times, using profit and loss boundaries, can make you profit with day trading (sometimes can take up to few days)
3. Join some focused groups who are focused on the wealth of the entire group
How do the focused groups work?

Most of the times it’s based on 3 things:
1. The knowledge of the combined group.
It is well known that the crowd’s knowledge is better than any individual. Even the smartest alive is dumber than a group of 100 ignorance.

So with this kind of social empowered brain, where different people from different countries with different news they read in different time meet – the predictions can be way better than an individual one.
1. Educating
It’s true, it’s never 100% of the people in the group (focused groups are no exception) take part in learning and educating themselves, and stay a silent part of the group that only wants to profit.

Most of the people aren’t like that – they like to learn more, investigate have a healthy curiosity and, well, let’s face it:

When it’s your money at risk – you should try to do ANYTHING you can to feel more secure.
1. Using high technologies to measure and predict trends
This is the advantage.

Even when you have the smartest people in the world in your group, there is only so much a human being can do.

For an example of high technologies that can potentially be the difference between ‘profit’ and ‘lose’ can be are:
1. Following the biggest wallets – this means, if the technology detects unusual movements in the bigger wallets, it can indicate that they know something other people yet know and use it to their advantage.
2. Following trends and market movements
3. Comparing prices between many cryptocurrencies to make profits of arbitrage (the difference between the same crypto coin’s prices in different markets it’s traded on) etc.
In fact, there are many more ways technology could help us gain advantages in the market…

Bitcoin Focus Group is one of the few that combine all of them together. It’s mostly because they already have experience and active users.

Every similar group can be successful. It only needs to have active users inside and gain experience. Experience lets improving all systems.

Another thing that we must never forget – the focused groups’ interest is that everyone will gain profits. If some lose, the focused groups’ reputation drops drastically.

I feel I need to warn again – there is no easy money (you will read about a lot in this blog) – We just try to outsmart some of the people.

That’s all!

Take into consideration, most of the focused groups have time and seat limit, so be sure to sign up. Do not pay in advance, always ask for a free trial if possible.

Bitcoin Focus Group is recommended – Hurry up and check if you’re qualified.
26th June 2018
Alert System Activate! Danger In The Air?

When is danger in the air Bitcoin alert system will be activated.

What? You didn’t know that Bitcoin has a warning system? That’s because it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activate the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact the security of their funds.

About a year ago it was like this:

On January 19, 2017:

The Final alert has been broadcast. This final alert essentially disables the alert system by overriding all alerts, preventing other alerts from being broadcast, and displays the static message “Alert Key Compromised”. The Alert Key will be published in the coming months, was only known info.

After that, on March 8, 2017:

Bitcoin Core 0.14 released with hard-coded final alert. The Alert System was disabled and deprecated in Bitcoin Core 0.12.1 and removed in 0.13.0. The Alert System was retired with a maximum sequence final alert which causes any nodes supporting the Alert System to display a static hard-coded “Alert Key Compromised” message which also prevents any other alerts from overriding it. This final alert is hard-coded into this release so that all old nodes receive the final alert.

On May 1, 2017:

Postpone release date of Alert key. Older clients could contain Alert handling code which is exploitable using the alert key, therefore the public release of the key has been temporarily postponed until considered safe.

A few days ago, Bitcoin Core contributor Bryan Bishop twitted: ‘‘It’s time to reveal the bitcoin alert keys.”

Who is in command of the alert system?

This tweet is followed by a string of tweets without fully revealing it but quite cryptographically proving he’s in possession of the secret key.

“It’s time. I’m thinking about releasing the private key early July at Building on Bitcoin, though it’s not finalized yet.” Bishop told. But he isn’t sure about the exact date of adding:

Anyone with the alert key can send alerts to the Bitcoin network that would show up in GUI. Since this is centralization, Core developers are working on removing this power from themselves, to ensure BTC stays decentralized.

What is the use of the alert system? Can be used to span?

After May 1, 2017, no developer with possession of this secret code took an action. Until now.

On the other hand, Bishop is giving to these projects and developers one last chance by sending messages on Twitter and through other channels.

This kind of pressure which is coming from Bishop shows that Bishop and others are worried about attacks on their reputation. For instance, if the private key was compromised and used to sign a message with bad intentions, it could be blamed on one of the Bitcoin Core developers who’s known to have the key.

“It would be better if the key was released,” said Bishop.

Where is the catch? Nobody knows the full list of people that have access to the private key. But the secrecy is a liability because some of the people who have the key are known in public.

Revealing the key is potentially dangerous for any cryptocurrencies.

If they used an older version of bitcoin’s code to create their cryptocurrency, and they did that, and they have not disabled the alert key mechanism in their own code, the other altcoins are in danger.

“If the copycats have not disabled the alert system, nor changed the alert key [public key], and if they have not sent what’s known as a final alert message, then once the [bitcoin] keys are released, anyone will be able to send alerts on those [other] networks,” Bishop told CoinDesk.

26th June 2018
Bitcoin use: The New Era Has Started!

Who would use the fiat anymore

By Guy Avtalyon

I would like to tell you a few words about our global educational system. All over the world! They never teach us about even basic finance and who can expect now that people can understand and adopt something complex such is Bitcoin or any other crypto.

What teachers taught us?

My teachers taught me how interest was compounded.

The reasons may not be so clear, but if banking history and monetary theory were taught in schools, no one would use the fiat system. Is so obvious. On the other hand, Bitcoin is a lot simpler than the fiat system, but people are legally compelled to adopt fiat.

They are forced to! And it is globally. The situation is even worse than that. The people teaching youngsters these days have grown up under Keynesian economic theory (also called Keynesianism). So, they strongly believe that money is defined as money only if you can touch it, smell it, or hear the sound of counting money.

Keynesians cover different macroeconomic theories. They believe that in the short run, especially during recessions aggregated demand has a powerful influence on economics. Behind Keynesian theory stand the idea the governments should increase demand to boost growth. These economists believe buyers’ demand is the principal driving force in an economy. This theory promotes the expansionary fiscal policy. The theory strongly depends on government spending on infrastructure, unemployment compensations, and education. Well, the drawback of this theory is that overdoing Keynesian policies boosts inflation.

It was very difficult for me a few years after Bitcoin came into my view to free my mind from its previous training.

Ok, some people adopted new technology like ones who buy Android phones or some who run Linux as desktop. Some people are spoon-fed technology, like ones with iPhone or OSX.

Anyway, I don’t expect people to understand.

Bitcoin use

Adoption of something doesn’t require understanding. We all use the internet in every segment of our lives but we can’t point our finger and say “Here! This is the internet!”

If you ask someone how they understand that the universe is infinite and how they understand the meaning of infinite, you would be surprised by the answers.

After all, I do not understand how the dishwasher works, but I still use it. Others can’t understand mobile phones or computers.

But they are using that!

So, use cryptos without fears.

That’s why there is no excuse when I hear from someone that he does not understand how cryptos work. And how hard is to trade.

OK, it takes intelligence, but no more than any traditional financial equity trade.

Yeah, it takes basic finance knowledge to understand and invest but no further than average.

People should know, if everyone learned about finances they would work and invest and become self-funded within 7 or 8 years even making minimum wage. C’mon, people, wake up!

But I want to tell you.

Bitcoin is making the biggest revolution in the finance industry in the last 200 years. Leading all cryptocurrencies, Bitcoin is at the forefront of the bleeding edge of blockchain innovation.

I think it is necessary to stay patient and witness history first hand.

Nothing can stop that!

25th June 2018
Is Bitcoin dead? It is not the end!

Bitcoin is not dead

1 min read

Is Bitcoin dead? OK, who wanted to say that Bitcoin is dead?

I can’t hear you! Speak louder, please! 🙂

This the most popular crypto will last forever.

Today’s Bitcoin price is $6,150! More than for the weekend. And I think like many other professionals, it will be higher and higher.

This is gonna sound crazy, but …

In the next few days, the $6150, will be an important level to observe, and if the bitcoin price can surpass beyond that point, it is possible that the cryptocurrency initiates a strong short-term recovery and enter the July with large gains.

The trading volume has to increase first, and the transaction volume of bitcoin will increase, and then as user activity surges, the bitcoin price will follow.

So, is Bitcoin dead?

Do you think that’s weird? No, it isn’t! That’s how markets do.

I that case, what Tim Draper said can have sense. Ok, maybe one Bitcoin will never be quarter million US dollars, but close to that value…for sure.

Well, I know several people who would say that crypto markets are so bad that they decided to stop showing ads for ICOs.

Well, guys, you are totally wrong!

You have to know one important fact: Bitcoin had 4 crisis so-called bubbles so far.

The first was July 2010, when he jumped from $ 0.008 to $ 0.08.

The other was the “Big Bubble 2011”, from $ 0.06 to $ 31, then dropped to $ 5.

The third was in April 2013, from $ 20 to $ 280, when Cypriot banks rescued floating client deposits.

The fourth was a major crisis of the MtGox Stock Exchange in November 2013 when it jumped from $ 70 to $ 1,200, and a few months later it fell to $ 200.

What I want to say, Bitcoin is very experienced. Don’t worry about it.

Ups and downs, that is the journey of experience.
Like life is.

And c’ mon man, don’t tell me you never have ups and downs and that fiat doesn’t have them at all.

And c’ mon man, don’t tell me you never have ups and downs and that fiat doesn’t have them at all.
Rubbish!

For a better understanding of how the Bitcoin performs in the market, you can read the full tutorial HERE
See ya in the future, there you will meet me.

25th June 2018
Is This Bitcoin’s Bottom?

1 min read

The Bitcoin price has dropped below the $6,000 after initially below the $6,000 on June 23. Bitcoin officially fell to the lowest level from the beginning of this year. This drop is almost identical to the 2014 situation when BTC experienced an 80% correction from its all-time high.

In fact, there are almost no differences, as both collapses are caused by the same cause by the eruption of a retail investor bubble. On the end of May and from the beginning of June, it seemed that the crypto market is recovered. The market was, for almost two weeks, stable.

Bitcoin price charts are an electrocardiogram

In today’s article Bitcoin falls below $6,000. But crypto trader says it’s not dead, Kellie Ell CNBC’s author, with reference to Brian Kelly, founder, and CEO of BKCM LLC, an investment firm focused on digital currencies, write:

”Bitcoin fell below $6,000 on Friday, but bitcoin bull Brian Kelly told CNBC that the popular cryptocurrency is “not dead.”

While Kelly said the drop is “painful,” he also said it’s not unusual.

“This is not the funeral for bitcoin whatsoever,” Brian Kelly, founder, and CEO of BKCM LLC, an investment firm focused on digital currencies, said on “Fast Money” Friday.

“Let’s put this in perspective,” he said.

“Do you know where we were a year ago? $2,500.”

How To Make Money With Blockchain Technology?

This morning value of Bitcoin was $5, 852 which is the lowest price from the beginning of the year. Now, at 4 PM CET, it is $5,927. Will, it hit quarter-million dollars. as Tim Draper said several days ago?

For sure we have to wait. The truth is that the Bitcoin price is very unstable, with big and fast ups and downs. For some crypto fans, it is the true charm of Bitcoin. For ordinary people, buying Bitcoin is madness.

You might be interested to read: Why you shouldn’t invest in bitcoin under any circumstances

I’m sure we have to wait until 2022. It will be fun to see opponents how they are sad for not buying Bitcoin earlier when the Bitcoin price was much lower.

24th June 2018