Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC]: A hindsight view of the prices from all-time highs

The bull run of cryptocurrencies ended as 2017 came to an end. The coins that had pumped by massive amounts eventually plunged due to a market correction, which was the beginning of the bear market. The bear run has taken its toll on the users and companies that were launched during the bull run. Several […]
Source: bitcoinwarrior
Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC]: A hindsight view of the prices from all-time highs

[Altcoin Apocalypse] 15 Popular Crypto Assets Are Down Over 90% Since Their All-Time Highs – Bitcoin Exchange Guide

[Altcoin Apocalypse] 15 Popular Crypto Assets Are Down Over 90% Since Their All-Time Highs  Bitcoin Exchange GuideBitcoin (BTC) and many other digital assets have been in a bull trend during 2017. At that time, most of the virtual currencies registered price increases that …
Source: worldnewsoffice
[Altcoin Apocalypse] 15 Popular Crypto Assets Are Down Over 90% Since Their All-Time Highs – Bitcoin Exchange Guide

Gemini is going to be as successful as Amazon in 10 years, says Bitcoin billionaire

Cameron Winklevoss and Tyler Winklevoss, aka the Bitcoin billionaire brothers, spoke about their start in the cryptocurrency space and Gemini’s future, in an interview with The Daily Telegraph. The Winklevoss brothers also spoke about Facebook Coin, the cryptocurrency that will be launched by Facebook. Cameron Winklevoss had stated that they were first made aware of […]
Source: bitcoinwarrior
Gemini is going to be as successful as Amazon in 10 years, says Bitcoin billionaire

Analyst: Bitcoin Will Break Higher in Next Move Based on 12 Month Trends

Price predictions for Bitcoin and cryptocurrency markets have been coming thick and fast recently as the bottom appears to be extending and the bears running out of steam. Short term price action will help day traders take quick profits but most people eyeing the industry are in it for the long term. Analysts have been taking a look at the past 12 months for patterns in order to predict the next big movement and some agree that it is more likely to be one to the upside.

Resistance is Futile

Bitcoin has currently returned to its almost four month long resistance level at $4,000. It has not managed to make a sustained break above this price zone since late November when it fell through it in one almighty dump. BTC has only made it to $4,100 three times in four months and has fallen back pretty quickly. The good news is that there has been no major dump down below $3,000 as many had predicted.

That is not to say that this still will not happen yet, but one analyst believes the next move will be to the upside based on long short ratio analysis;

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Observing the well-established twelve month trend, Bitcoin analyst ‘fil₿fil₿’ claims that BTC will rally 25% to 50% if this formula holds. Previous rallies have all been over 25% with the highest at over 50% during April last year when Bitcoin bounced from $6,600 to over $9,000. This year’s rally has seen Bitcoin climb over 28% from its lowest to highest points so far.

Volume Up – Next Move to $5,000?

A similar ratio of over 25% would put BTC back to $5,000 over the coming weeks and this echoes a previous prediction using a different metric. Using the 0.5 Fib level the same analyst has called for more bullish momentum and a move up to $5k by May.

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Daily volume has also been a solid indicator of possible reversal into bullish territory however recent reports of fake volumes and manipulation by exchanges have brought these figures into question. If Coinmarketcap.com can be taken as a true representation of total volume it is currently reported at $9.3 billion for BTC. It has over doubled since the beginning of the year and is holding these levels across all exchanges reported.

However compared to the boom months of late 2017 trading volume is around half of what it was back then. The build in volume shown alongside the four months of sideways trading below $4,000 does look like a strong indication that Bitcoin’s next movement will be a break higher. Once this happens the rest of the crypto market will follow as it has done countless times before. At the time of writing Bitcoin was trading at $4,050, where it has been for the past three days.

Image from Shutterstock

The post Analyst: Bitcoin Will Break Higher in Next Move Based on 12 Month Trends appeared first on NewsBTC.


Source: newsbtc
Analyst: Bitcoin Will Break Higher in Next Move Based on 12 Month Trends

Switzerland’s Biggest Online Retailer Starts Accepting Bitcoin

Digitec Galaxus switzerland bitcoin cryptocurrency

In a major milestone for bitcoin adoption, the ‘Amazon’ of Switzerland, Digitec-Galaxus, is now accepting bitcoin and other select cryptocurrencies as a means of payment.


‘We Wanted to Do This for a Long Time’

Swiss customers of Digitec and Galaxus can now pay with bitcoin 00 when shopping online. In addition to BTC, other altcoins that will be accepted include Bitcoin Cash (BCH), Bitcoin Cash SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Litecoin (LTC), TRON (TRX), OmiseGo (OMG), and NEO (NEO).

“Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development,” says Digitec co-founder Oliver Herren and Chief Innovation Officer. “We wanted to do that for a long time, but the effort was too long for a long time.” 

When asked why his company is willing to accept these alternative means of payments, Herren explained:

Because you have some and you want to use them. Or because you cannot turn them into real money because your bank does not accept it. Or maybe just because your can and like to try new things.

The company admits, however, that it is mainly doing this to score points with the younger, tech-savvy crowd by positioning itself as a forward-thinking company.

At the same time, price volatility will not be a problem, the company says. All transactions are processed by third-party payment processor Coinify and immediately converted to Swiss francs.

However, the new payment option will only be available for Swiss customers first. If the initiative becomes a success, though, the company will extend the option to German customers as well.

The procedure is pretty straightfoward. At checkout, the customer will choose the payment option “cryptocurrencies.” They will then be redirected to the Coinify website where the specific crypto coin is selected.

The given exchange rate will be fixed for 15 minutes and the page will display an address as well as a QR-code, to which the user will send the payment. 

While Digitec Galaxus will not charge any fees for cryptocurrency payments, Coinify will charge conversion fee of 1.5 percent of the purchase amount.

Other Swiss Retailers Likely to Follow

Now, with the online retail market leader taking such a bold step, it’s likely that its competitors will follow suit, particularly in a country where bitcoin adoption has gained a foothold.

In fact, Switzerlad has been a hotbed for bitcoin adoption and the blockchain industry. It regularly hosts cryptocurrency events and its stock exchange has rolled out cryptocurrency-tied products such as a Bitcoin ETP.

The country is also home to many crypto startups who have found a home in the Swiss city of Zug, also known as ‘Crypto valley.’ What’s more, residents of the city can even pay for municipal services in bitcoin.  

Even train tickets for the country’s Fedral railway system can be bought for bitcoin at every station kiosk.

Unlike, the train ticket initiative however, which was criticized in media reports as expensive and opaque, Digitec Galaxus says its payment process will be easier and more transparent.

When you buy something from Digitec or Galaxus, the rate will be fixed for 15 minutes. This means that as a buyer you do not have to fear bad surprises, says the company. 

Additionally, the move may also help the company sell more cryptocurrency products such as hardware wallets to customers who prefer to pay directly with crypto.

Digitec is Switzerland’s online market leader with Galaxus being the largest Swiss online shop offering a wide range of everyday products with fast and free delivery. The company generated sales of 992 million francs in 2018.

Will other retailers follow Digitec Galaxus? Share your predictions below!


Images courtesy of Shutterstock, watson.ch, wikipedia.org

The post Switzerland’s Biggest Online Retailer Starts Accepting Bitcoin appeared first on Bitcoinist.com.


Source: bitcoinist
Switzerland’s Biggest Online Retailer Starts Accepting Bitcoin