Is Bitcoin the Future?

Is Bitcoin the Future?

Although it’s been over a decade since Bitcoin came into existence, most people today remain clueless about its operations. The primary question that people ask is: What is cryptocurrency? And although the answer can be complex, in simple terms, cryptocurrency is a digital asset that can be used as a medium of exchange during cryptographic transactions.

Cryptography helps create additional currency and control transactions, and despite the general interest in the subject, not many people are aware of the details. Cryptocurrencies have multiple uses today across various industries, and the most notable of the bunch is iGaming. The truly anonymous nature of cryptographic transactions is a boon for online gambling. Visit Casino Bee for the complete list of blockchain casino near you.
How Does Cryptocurrency Work?
Cryptocurrency uses a highly-decentralized blockchain mechanism where cryptography works as the medium of exchange. The transactions are recorded in a digital ledger called a blockchain. The process of tracking these transactions is called mining. The currency is self-containing and does not require third-party providers like banks for storing and processing transactions.

Bitcoin is perhaps the most recognized cryptocurrency today, and similar to physical coins, it can be used to trade with goods and services. These transactions are fraud-resistant, although transfers once made cannot be undone. Hence, users are advised to exercise extreme caution while dealing with cryptographic transactions. On the bright side, BTC transactions are nearly impossible to manipulate.

What is the Future of Cryptocurrency?
Bitcoin and similar cryptocurrencies have proved to be extremely volatile over the years, and the frequent changes are primarily courtesy of the US financial regulations. Although this is barely surprising since BTC was born during the US financial crisis, its future isn’t solely linked to the United States anymore!

According to independent research, Bitcoin is likely to hit the $500,000 mark by 2030, while its popularity is expected to explode, considering the decentralized nature of the transactions. With the modern-generation taking an active interest in high-value BTC transactions, the future looks promising. However, mining won’t be as profitable as the initial years since there will be no miners’ dearth.

Metallic Bitcoin symbol over financial chart. Horizontal composition with selective focus and copy space.

How Are Transactions Confirmed?
Cryptocurrencies have a network of peers, each of which stores details of all past transactions. All transfers within the network are authorized by the sender’s private key, following which a message is broadcasted through the network across peers. The transactions are complete after a certain duration and, once complete, cannot be reversed.

The miner is tasked with keeping records. Miner programs are notified of every transaction within their network, and they’re tasked with stamping it and sending it back into the system. Once complete, every node adds the transaction to the blockchain where the records are stored for the long haul.

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4 Cautionary Crypto Tales From the Crypt

4 Cautionary Crypto Tales From the Crypt

Witches, vampires, and ghouls. These Halloween beasties have nothing on every Bitcoiner’s worst nightmare: losing one’s digital gold in a fluke accident or misstep. We can practically hear you screaming at your screen right now.

In honour of Halloween season, we’re exploring four spine-tingling tales of brutal Bitcoin losses. We also throw in a little treat towards the end and reveal how you can make a killing on crypto with a LonghornFX account, without actually buying any Bitcoins. Intrigued? Read on to find out more.
1. IT guy chucks $127m Bitcoin in toxic landfill
British IT professional James Howells began mining Bitcoin on his personal laptop back in 2009 and by 2013 had amassed an impressive 7,500 Bitcoins. He sold the laptop on eBay but held on to the hard drive in the hope that his Bitcoins would increase in value. But while clearing out his house later that same year, he accidentally threw the drive away, which ended up being dumped in a Welsh landfill. When he realised his mistake, Howells desperately tried to get permission to search the landfill for his drive. His request was denied on the grounds that it was dangerous due to the toxicity of the landfill, plus it simply went against the law.

Fat lot of good that would have done him, anyway. With 50,000 tons of refuse added to the site every year, searching for one tiny hard drive would have been a much bigger problem than finding a needle in a haystack. Still, it may have just been worth the undertaking. It’s estimated that around 2017, when Howells realised what he’d done, his 7,500 Bitcoins would have been worth in excess of $127 million.

2. Aussie loses $7m Bitcoin after investing life savings
In a moment of mid-life crisis, former Australian journalist Derek Rose decided to do what for many would be the unthinkable. He withdrew his entire $70,000 life savings and invested it all into Bitcoin. Seeing that his initial capital was growing exponentially with the Bitcoin boom of 2016, Rose even started borrowing more money to increase his investment, and was soon earning close to half a million dollars a day.
But rather than listen to his financial advisor and friends who encouraged him to cash out while the going was good, Rose continued to ride that wave of euphoria and poured even more money more into crypto. Then the Christmas crash of 2017 hit and Rose saw his multi-million dollar account take a massive hit. He lost around $7 million at the time. Thankfully Rose didn’t lose everything. “This was a huge blow, but it didn’t wipe me out […] I’m still doing better with my investments than I would have if I had stayed in index funds.” Moral of the story: what goes up, must come down. No bullish rally will continue forever.

3. Tech journo forgets Bitcoin wallet PIN
Sometimes even the world’s most reliable tech geeks make massive errors. After amassing some $30,000 in Bitcoins, Wired magazine editor Mark Frauenfelder lost access to his crypto wallet. “I wrote my PIN code and recovery seed on the same piece of paper. I was planning to etch the seed on a metal bar and hide it, but before that happened my house-cleaning service threw the paper away,” he explained.

Frauenfelder was ready to kiss his Bitcoins goodbye when he finally met a stroke of good fortune. Thirteen months after losing his PIN, Mark was introduced to Saleem Rashid, a 15-year-old coding whiz from the UK. With Saleem’s help, Mark managed to hack into his crypto wallet and successfully retrieve his PIN and subsequently his Bitcoins. We bet Frauenfelder won’t be misplacing his new PIN any time soon!

4. Software designer wipes away $20k
When Bitcoin first began to cause a stir on the web back in 2010, Atlanta-based software developer Syl Turner thought he’d try his hand at mining and managed to earn himself two whole Bitcoins. As Bitcoins were worth pennies at the time, Syl didn’t give them much thought and eventually ended up storing his mining computer in his attic.

Fast forward a few years later and suddenly Syl sees a news alert pop up on his screen: Bitcoins are now worth $10,000! Syl shot straight up into the attic to retrieve his dormant PC. He found what he was looking for but when he booted the computer up, he realised he had mistakenly wiped the hard drive, meaning his crypto wallet key had vanished. That one mistake cost Syl $20,000, at the very least. If Syl still had access to his crypto wallet and HODLed, he may have seen his Bitcoin climb much, much higher.

Profiting from Crypto made simpler
Thankfully, there’s a much easier and cost-effective method of profiting off Bitcoin, without the risk of losing hard drives or extra complicated PINs to crypto wallets. By trading Contracts for Difference (CFDs) on LonghornFX, you can profit on over 35 cryptos by trading on whether the price of the underlying crypto asset will rise or fall.

Trade on Bitcoin, Ether, Ripple, and more popular altcoins, all with 1:500 leverage. Open a free LonghornFX account and trade from as little as a $10 deposit!

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France 40 (FR40EUR) Is in the Oversold Region, May Resume Upward

France 40 (FR40EUR) Is in the Oversold Region, May Resume Upward

Key Resistance Zones: 5900, 6000, 6100
Key Support Zones: 5400, 5300, 5200

France 40 (FR40EUR) Long-term Trend: Bearish
France 40 index is in a downward move. The index has fallen and broken the previous price range. The retraced candle body tested the 38.2% Fibonacci extension on October 12. This indicates that the index will reach level 2.618Fibonacci extension. That is the index will fall to the level 3959.20.

FR40EUR -Daily Chart

Daily Chart Indicators Reading:
It is currently at level 29 of the Relative Strength Index period 14. It is in a downtrend zone and below the centerline 50. The index has fallen to the oversold region. The 21-day SMA and the 50-day SMA are sloping downward indicating a sideways trend.

France 40 (FR40EUR) Medium-term Trend: Bearish
On the 4- hour chart, the index is in a downtrend. On October 22 downtrend; a retraced candle body tested the 38.2% Fibonacci extension. This indicates that the index will reach level 2.618Fibonacci extension. That is the market will reach level 4435.0.

FR40EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The index is currently below the 20% range of the daily stochastic. It is in a bearish momentum. The market has reached the overbought region.

General Outlook for Italy France 40 (FR40EUR)
France 40 is in a downward move. The selling pressure is likely to continue but the index has reached the oversold region. Buyers are expected to emerge to push prices upward.


Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Know your Bears from your Bulls – bullish & bearish markets explained

Know your Bears from your Bulls – bullish & bearish markets explained

Anyone new to trading Stocks, Metals, Forex, or Cryptos will quickly stumble upon a flurry of mentions of bulls and bears and their grammatical derivatives. Trading commentators might suddenly proclaim a market is bullish or be warned, momentum has turned bearish. There’s even tell of investors with bullish or bearish sentiments.

But what exactly does all this beastly jargon have to do with the cut-and-thrust world of online trading? Identifying bullish and bearish cycles is critical for any trader wanting to successfully navigate shifting market conditions and make more effective trades.

Here, we’ll delve into the origins of these trading terms, look into factors that determine bullish and bearish markets, and explore how to profit from both market conditions.
Why are markets called bullish & bearish?
There are two prevailing explanations surrounding the origins of the trading terms “bullish” and “bearish”.
The simplest version is that they’re shorthand for market movements based on the way these animals attack their opponents. Bulls typically thrust their horns up into the air when facing off against an aggressor, while bears swipe their paws downward. Ergo, if a financial market is on its way up, it’s called a bull market. When in decline, it’s a bear market. It couldn’t be easier to remember.

The more convoluted—and probably truer—explanation starts with a proverb that warned about “sell[ing] the bear’s skin before one has caught the bear.” Going back to the frontier days of the 18th century, selling bearskins was a common trade across the US. Bearskin jobbers were the middlemen who bought skins off traders to sell to the public. It was common for jobbers to promise bearskins to clients ahead of procurement in the hope that their sale price would fetch more than the trapper’s going rate and earn them a neat profit. This risky trading strategy could obviously backfire. If jobbers couldn’t secure bearskins for less than their selling price, they’d make a hefty loss.

This practice was later adapted in the stock market. Investors would sell borrowed stocks in the hope of buying them back for a cheaper rate at a later date. These market speculators came to be known as bears after their bearskin forebearers, and consequently, markets with falling prices were deemed to be bearish.

The bull appears to have been adopted simply because it made for a worthy counterpart to the bear. The animal imagery caught on, and bears and bulls have been a part of market trading ever since. There’s even a famous painting by William Holbrook Beard depicting a riot of bulls and bears brawling outside the New York Stock Exchange after the 1873 market crash.
Bullish markets explained
A bullish market is a financial market where prices are on the up and are expected to continue rising for some time. Many factors play into market rises, including general economic optimism, investor confidence, and forecasts claiming an uptrend could continue for weeks, months, or even years. This results in traders investing more capital within that market, resulting in a bigger rally.

Markets are considered bullish when an upward swing is established after a notable economic slump. For example, the S&P 500 enjoyed an extensive bull run between 2003 and 2007 after several years of being in decline. There are also the ever-tugging forces of supply and demand at play, especially within commodity markets. When supply is weak, there’s typically a surge in price due to high demand. This will cause the market to rise as investors compete to trade on assets few are willing to sell.

Bearish markets explained
Conversely, a bear market is when a market experiences a prolonged decline. Such downturns can be triggered by negative economic news, global crises, or national recessions. In these instances, traders often begin selling rather than buying in order to get out of losing positions, which forces the market to fall further. Like bull markets, bear markets can last for several weeks, months, or years.

After experiencing a five-year rise, the S&P 500 went into decline following the Global Financial Crisis of 2007-2008. At the time, the S&P 500 lost 50% of its value and didn’t recover until some 17 months later. Similarly, in March 2020, global stocks spiralled into bear market conditions following the outbreak of the coronavirus pandemic. This resulted in the Dow Jones falling from all-time highs in a matter of weeks.
How to profit in bull & bear markets
Understanding the factors that push markets into bullish or bearish conditions can help traders take advantage and make a profit in any market condition. By trading Contracts for Difference (CFDs), traders can profit on a market’s rise or fall by trading on the prediction of price movement rather than investing in the actual asset itself.

Profits or losses from CFD trading are based on the difference in price value of the underlying asset between the time you open and close your position. Within a bull market, the longer you hold your position means a potentially greater profit. However, if a trader anticipates a market is about to fall, they can still make a profit by opening a short sell position, which they would try to close before the market begins to recover.

When trading CFDs, traders can take advantage of market swings by opening positions with leverage. With 1:500 leverage, for example, a trader will be able to open a position worth 500 times the funds they invest in the trade. Should your trade pan out the way you anticipate, your profits will also be maximised based on your chosen leverage setting.

The profit in CFDs depends on whether a trader has correctly predicted the movement of the market as well as the change in the value of the underlying asset over the time they open and close their position. Naturally, it’s difficult to predict when a market will turn in either direction. So, a trader needs to assess the risks with a dose of good judgement to determine the optimal time to close.

Learn how to navigate bullish and bearish markets by practising on a Free Demo Account. Ready to start earning? Open a LonghornFX account and get started with a minimum deposit of just $10!

Create a LonghornFX Account: HERE

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Futures–brand Benefits of Trading in Futures

Futures–brand Benefits of Trading in Futures

A career in financial products trading is highly lucrative.

There are many people all over the world who are already involved in this industry. Many only know about forex trading, whereas there are numerous assets and contracts one can trade. A trader in Singapore is open to invest in stocks, commodities, options and futures among others.

In this article, we will focus on futures. The benefits of trading in futures in the financial markets.

What are futures?
Futures, as the name suggests are contracts underpinned on a particular financial asset, for example a stock, that will be delivered at a future date for an agreed price.

Two traders A and B are interested in a particular stock or commodity. A already has it in their possession while B believes he could make a profit in the future if the price goes down or up. They therefore agree that A will sell his assets to B at a particular price in the future.

If on the agreed date, the stock price is below the agreed price, B will have to hold the stock for a while to make a profit while A will make his profit depending on the price that he had bought his asset at.
How do you trade futures?
To trade futures in Singapore, one has to access the financial markets through a broker.

One of the most reputable brokers in Singapore is Saxo bank group. Saxo’s trading platforms have been used and trusted by Singapore traders for decades.

With their platforms, you have access to the forex market and can enter into futures contracts with other traders around the world.

Benefits of trading futures
Easy to trade
Like with every other financial market trading, all you need is access to the market through a reputable broker like Saxo.

Further, you need to invest in the right kind of education to make sure that every trade you make is well thought out and likely to make you a profit.

With a click of a button, you can easily enter into a futures contract and look forward to high profits.

Leverage
In forex trading, traders are able to capture a larger portion of the market than they capital they have allows. This is due to a strategy known as leverage.

Here, your trading broker allows lends you money to allow you to buy more than you can currently buy. After you have completed your trade profitably, you can return the brokers money.

This enables a futures trader to hold more assets which can result in higher profits and better deals when getting into contracts.
Use of margins
When trading futures, you do not have to buy the asset at once. You will pay a small amount of consideration as you enter into the contract. This amount you pay is known as margin. This allows you to buy an asset even when you do not have the full amount.

Since futures are guaranteed, you will get full ownership of the asset in the future at a previously agreed price. If the trade is favorable, you can get into a profitable position immediately.

High liquidity in the futures market
Unlike in other financial markets, there are high volumes of futures contracts traded every day. Thus, high liquidity levels. There is a high demand for futures in the market, which translates into more orders and many buyers in the market.

This also means that, there the prices are reasonable, and thus it is much easier to recoup your investments and make a reasonable profit.

Easier risk management
Trading futures is a good strategy to manage the risks of loss that traders are exposed to in the market.

Conclusion
Traders in Singapore can buy into the futures market to discover even more benefits. Saxo bank group has been in existence for decades and is well placed to advise their clients and to offer the best platforms to make profitable trades.

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2020: The best cryptocurrencies to invest in

2020: The best cryptocurrencies to invest in

2020 has been quite a year unto itself so far. The COVID-19 pandemic has ravaged entire countries and forced millions into a state of lockdown.

Even now as countries struggle to reopen their economies, the specter of COVID-19 still looms on the horizon. Australian, Japan and Hong Kong are amongst the latest countries that have been forced to reintroduce lockdown measures to prevent the spread of COVID-19.

With consumption plummeting to record lows, it would appear that a global recession is unavoidable. Despite the best efforts of governments to introduce stimulus packages, things are still looking rather bleak.

In the wake of all this, Bitcoin and an assortment of other cryptocurrencies have defied all expectations. Bitcoin or BTC in particular has enjoyed an excellent performance with valuations breaking the $10,000 mark for the first time since 2018.

Furthermore, the appreciation of Bitcoin post-halving has significantly boosted investor confidence. All of which has contributed to the bull-ish outlook for Bitcoin in 2020.

With so much uncertainty in the economy today, investors are searching for safe haven investments to hedge the value of their assets. Cryptocurrencies being fairly unaffected by geopolitical or international tension have long been used by institutional investors as a form of hedging.

So, if you ever were looking to invest in cryptocurrencies, 2020 could potentially be the ideal time to get started. We take a look at the factors to consider when investing in cryptocurrencies and the best ones to invest in.
Factors to consider when investing in cryptocurrencies
Prior to 2020, the market for cryptos has been facing a downward trend, with some even going so far as to call it the end of cryptos. Fortunately for crypto enthusiasts the market has strengthened in the wake of the Bitcoin halving.

Before getting started however, here’s what you should keep in mind:

1. Crypto is volatile
The crypto market is a volatile one and not for the faint-hearted. Valuations are liable to change with little notice which can cause massive profit or loss. When investing, always keep an eye on market prices and stay-up to date.

2. Diversification is key
Just like how you should never keep all of your assets in one basket, never invest your entire portfolio into a single cryptocurrency. Spread out your risk by having a mixed basket of volatile and stable cryptos at all times.

This allows you to minimize your risk exposure and protects you from getting wiped out in one fell-swoop.

3. Always do your homework
Forget what all the investment gurus and financial masters are saying. Investment is all about research and hard data. You would do your research before betting on Kentucky Derby, like searching for the odds on trustworthy websites like TwinSpires.

So, you should do the same about cryptocurrencies: research, stay on top and never buy into trends.

The best cryptocurrencies for investment in 2020
Being in the know is key when investing in cryptocurrencies. Unless you’re on the cutting-edge of the crypto market, it’s best to stick to the fundamentals. The wild days of huge price fluctuations are long gone, but the crypto market is still a volatile one.

Here are our selections of the best cryptocurrencies to invest in:

1. Bitcoin
Bitcoin undoubtedly one of the most resilient and widely accepted forms of cryptocurrencies to date. Favored by mainstream investors and accepted as a form of payment with an increasing number of retailers, Bitcoin is definitely a good investment.

With a positive outlook for 2020 and with some referring to it as digital gold, it is fair to expect Bitcoin prices to appreciate further with time.

2. Ethereum
Hot on the heels of Bitcoin, Ethereum is the native currency of the Ether network. The second most popular form of cryptocurrency after Bitcoin, Ethereum definitely had a disappointing 2019 performance.

However, 2020 could possibly be the year for Ethereum to outperform Bitcoin. Deriving its value from its use in digital smart contracts, a rising demand for blockchain and its functions could see Ethereum appreciating in value.

3. EOS
Comparable to Ethereum, EOS is the native currency for the EOS.IO blockchain platform. Like Ethereum, EOS is used for smart contract transactions.

EOS differs from Ether in the sense that the platform that EOS is based on boasts the capability to perform millions of transactions seamlessly without any fees.

All of this is extremely exciting and could possibly revolutionize the way blockchain technology works. Thus, making EOS worth a look.

Investing is not without its fair share of risks. When making your investment, always remember to protect yourself and act prudently.


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Trust Management Companies Should Not Predict the Future But Shape It

Trust Management Companies Should Not Predict the Future But Shape It

The domestic trust companies in the United States administer assets worth over $120 trillion. Independent trust companies, on the other hand, administer assets worth $18 trillion and each of these independent trust companies administers assets worth $1.5 billion on average.

Trust management companies hold some of the biggest funds in the world which gives them the power to sway the traditional financial industry towards an uncharted path. However, they should not predict the future and rather should aim to lead the industry as a futurist with a plan to shape the future.

The key to the Future
The global financial industry has been very competitive since its inception. Innovation & technology are the keys that have helped many companies lead in the age of financial revolution. It helped many new-age financial services companies stay competitive and shape the future of the global finance industry. On the other hand, trust management companies have remained a bit traditional in their approach. The old-age tactics may have worked in the past but surely won’t be much effective in the future. Now is the time when trust management companies should start doing things differently.

Today, more and more companies are using their business data and coming up with strategic plans where they predict future outcomes and mention how the company will prepare for it. However, companies must keep in mind that the industries worldwide are changing at a very rapid pace and their strategic planning won’t be much effective when the time of action comes. The situation is not much different for trust companies. They must prepare to tackle it through futuristic planning that will help them stay ahead and lead in shaping the future of the investment management industry as a whole.

Are Trust Companies Adopting the New-age Technologies & Investments Options?
Wealthy elites and corporations have been helped by the trust companies for pretty long. The trust companies have helped influential families preserve their wealth for the very long term. Advisors still suggest that trust companies form the key part of the strategy to remain rich for a very long long time. Hence, the rich people will keep availing of the services of the trust companies, as they should. Therefore, the industry is bound to grow even in the future. The question is, are the trust companies prepared for the long run.

The trust companies should incorporate new technologies and investment options in their offerings. It helps them set off a new trend which effectively helps them create a space of their own in the competitive global investment industry. An approach like this helps them tackle the future challenges that lay ahead of them.

There are just a handful of trust companies that have incorporated new technologies and new-age high-tech investment instruments on their offerings. Investment offerings like binary options and cryptocurrencies are still a rarity in the trust management space. However, there are some global trust companies that took a different path like Nexus Management and a few others that started offering such investment options to their clients. These trust companies started offering the new-age investment options to their private clients considering a high-demand for such services.

Is Industry Ready for What is Coming Ahead?
The global investment space is seeing lots of new technologies that could disrupt the whole industry and the traditional trust companies will get affected by it the most if they don’t do anything about it. To prepare for such an onslaught the trust companies must be the first among the financial industry to adopt the new financial technologies and also lead in creating such path-breaking financial technologies. This is exactly what shapes the future means and it’s not an option but a necessity to be prepared for what’s soon to come.

Artificial intelligence, Blockchain, and machine learning are expected to revolutionize the financial world. Trust companies must not fear these technologies and instead, they must prove to be an example to adopt these technologies to serve their clients in a better manner.

Will Predictions Alone Work For Trust Companies?
There are many predictions doing rounds on the corners of the web that depict how the new-age technologies will impact the trust companies and financial industry as a whole. However, trust companies must not get involved in such exercises, and instead, they should take their future in their own hands. They must be the ones who will write their future and take matters in their own hands. Trust companies should be proactive in these circumstances and adopt such technologies, rather than keep discussing its impact.

With increased exposure to digital technologies, trust companies will face new risks and challenges ahead. Some of the key challenges that the trust companies will face are likely to arise from the use of third-party applications, complex and continuously evolving technologies, cross-border data exchanges, an increase in the adoption of mobile technologies among the customers, and the internet of things.

The Verdict
The trust companies won’t be able to prepare for such challenges if they only rely on predictions and don’t take part in innovations that will shape the future. The verdict is clear that there’s no better way for the trust companies to be prepared for what is to come other than to take the lead in shaping the future of the industry.

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Deribit Crosses $1 Billion in Bitcoin Options Open Interest Historic High

Deribit Crosses $1 Billion in Bitcoin Options Open Interest Historic High

Crypto derivatives exchange Deribit, has seen a significant spike in the volume of open positions of Bitcoin on its platform. The exchange reached a new high of $1 billion on May 19, according to data from research and analytics company, Skew.

The latest creation is due to a combination of many variables, such as a large number of stakeholders, as per Deribit ‘s chief enforcement officer Luuk Strijiers:

“The current track is influenced by market optimism, an increasing number of wide and varied international players on Deribit and the efforts made by our multiple stakeholders and us to provide the maximum financial performance, credibility and connectivity and trading alternatives at all moments to a top-quality market.”

Deribit has seen a year-over-year growth trading options of 270 percent in 2020 alone. Last week the average volume of trading also approached $100 million, setting a new high for the last two months. The volume of daily trading also increased by 170 percent in 2020.

Deribit presently has derivative Bitcoin and Ether futures, worth more than $1.3 billion. Bitcoin options represent 74 percent of the total.

Deribit declared its intention, later in January, to transfer its base from Amsterdam. The firm said that it was compelled to do so because the Netherlands intended to introduce new EU rules which will have an impact on the business.

Growth and Trading Target
Open-interest growth is driven mainly by options that expire next month. More than 40,000 contracts that expire on June 26, 2020, are open as of Wednesday.

Options are often more complex than futures contracts since their price depends on some factors such as volatility, expiry time, risk-free interest rate, etc. Further, as expiry nears, options begin to lose appeal.

Futures contract pricing is much easier to understand. As a consequence, futures are much more widely known unlike options, and generally see the higher open interest. In the case of Deribit though, the activity of options is much higher.

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Bitcoin Witnesses Mild Selloff Following a Decade-Old Address’ Transaction

Bitcoin Witnesses Mild Selloff Following a Decade-Old Address’ Transaction

The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was from an early Bitcoin miner or adopter.

What’s interesting to note is that the last time a transaction was made from this era of holders, Bitcoin recorded a 28% jump days later.

Satoshi is believed to own about 1 million BTC. The prospect of him/them selling this holding (in whole or part) could trigger the worst selloff in Bitcoin history and cause serious damage to the crypto industry as a whole.

Yesterday’s event triggered a sharp decline in Bitcoin which caused the crypto to shed about $500 in just an hour. This ‘mini’ selloff is believed to be an overreaction to the news, which means that Bitcoin could be in the process of seeing a steep recovery in the coming hours. Also, considering past occurrences with Satoshi-era transactions, Bitcoin is very likely to witness a massive bull run soon.

BTCUSD -Daily Chart

Bitcoin (BTC) Value Forecast — May 21

BTC/USD Major Bias: Bullish

Supply Levels: $9,500, $9,800, and $10,000

Demand Levels: $9,200, $9,000, and $8,800

The sharp decline seen yesterday—induced by the event documented in this article—has put Bitcoin in a precarious zone (below the $9,500 pivot level). BTC is trading at the $9,300 – 400 level at press time and needs to recover above the $9,550 level soon to regain its bullish momentum. Failure to recover above this line, and soon, could send BTC down to subsequent support levels.

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Bitcoin Witnesses Post-Halving Surge in Average Transaction Fee

Bitcoin Witnesses Post-Halving Surge in Average Transaction Fee

According to new data from Bitinfocharts, the Bitcoin network has recorded a significant spike in average transaction fees following the recent halving. On the 14th of May, the average Bitcoin transaction fees spiked by more than 55% in a single day, recording an 11-month high of $5.1. Although it quickly dropped to about $3.5 two days later, it seems to have settled at $4.

Reports show that Bitcoin’s average transaction fee at the start of the year was $0.28. Hitting the $4 mark means that the transaction fee has surged as much as 1300% in just 5 months.

Although Bitcoin transaction cost has rallied significantly, the Bitcoin community has not been dissuaded—in the slightest bit—from using the cryptocurrency.

Mati Greenspan, the founder of Quantum Economics, explained that although the average Bitcoin transaction fee has surged, it is still significantly cheaper than bank or PayPal transfers.

Bitcoin transaction fees are expected to remain significantly lower compared to bank transfers considering that Bitcoin has a fixed fee regardless of transaction sizing unlike PayPal or banks which charge in percentage. For example, a $20,000 PayPal transfer will likely cost $780 while that same worth of Bitcoin transfer will still cost $4.

Historically, Bitcoin’s fees increase every time the network begins to experience heavy usage. This only means that Bitcoin is recording a heavy influx of users which is very beneficial for its value.

BTCUSD – Daily Chart

Bitcoin (BTC) Value Forecast — May 20

BTC/USD Major Bias: Bullish

Supply Levels: $10,000, $10,550, and $11,500

Demand Levels: $9,200, $9,000, and $8,500

Bitcoin—against all odds—continues to maintain a sideways momentum. We’re faced with yet contracting-channel dead-end. Yesterday, BTC recorded a high of $9,900 before dropping close to the $9,500 pivot once again. We are likely to see this range-bound momentum persist for a while before we could see a break towards the $10,550 resistance.

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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