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Tom Lee on Bitcoin: ‘Fair Value’ Is ‘A Lot Higher Than Where It Is Today’

More news latest update on Cryptocurrency trading & crypto trading signal on Telegram visit below given telegram channel Visit -  https://t.me/btctradingclub   On Friday (February 8th), Thomas Lee, a Managing Partner and head of research at independent research boutique Fundstrat Global Advisors, delivered his firm's outlook on the crypto market in 2019. A day earlier, Bloomberg had reported on a research note by Robert Sluymer, a Managing Director and Technical Strategist at Fundstrat. In this note, Sluymer had written: “The price structure for most cryptocurrencies remains weak and appears vulnerable to a pending breakdown to lower low." Furthermore, he had said that for Bitcoin (BTC) the key support level to watch was $3,100: "A break below the fourth-quarter lows at $3,100 would imply a decline to $2,270, while a move above $4,200 is needed to signal Bitcoin is beginning to improve." Unfortunately, this got misreported in some news outlets, w...

No, The Boss of Bitcoin Isn’t Dead, but You Can’t Call Him Either

For more news latest update on Cryptocurrencies & Free Crypto Trading signals on Telegram join below given Telegram channel                  Visit - https://t.me/btctradingclub It has been 10 years now since Bitcoin (BTC) was first created. The original cryptocurrency has existed for all this time with minimal changes to its code base and zero adjustments to its governance model. Why then is it so hard for some in the mainstream media to develop even a basic understanding of Bitcoin? Just this week, two completely independent publications have reported on the decentralised fintech innovation as if there was some overarching authority controlling the disparate network. Stop the Press! Bitcoin is a Protocol, Not a Company… Earlier this week, two big news stories broke in the Bitcoin space. The first concerned the founder of the Canadian cryptocurrency exchange QuadrigaCX. Gerard Cotten passed away last December, taking with ...

How to choose New Altcoin for Investment?

For more news latest update on Cryptocurrencies & Free Crypto Trading signals on Telegram join below given Telegram channel                  Visit - https://t.me/btctradingclub Currently, the ICO market is going through difficult times. Too many low-quality projects appeared in late 2017 and early 2018, and now they are only abandoned sites and useless tokens. Against this background, it is increasingly difficult for project founders to earn the trust of investors and raise funds to develop a project. Difficult times are not only for founders but also for investors. There are too many projects, and crypto-investors just don’t have time to assess the advantages and disadvantages of each project. How to understand which project is worthy of attention? Here’s what we think about it: 1) First of all, you should pay attention to the role of blockchain in a project. If blockchain can be easily removed from the project and it do...

Altcoin Prices Becoming Increasingly Dependent on Bitcoin

For more news latest update on Cryptocurrencies & Free Crypto Trading signals on Telegram join below given Telegram channel                  Visit - https://t.me/btctradingclub No doubts, Bitcoin (BTC) has always stood out as an uncorrelated asset. This suggests that Bitcoin is unaffected by the happenings of the global market. If in the event of a crash in the stock market, Bitcoin may remain unaffected or could even rise in price. Altcoins Sharing Links with Bitcoin Coin Metrics provided a chart which shows the correlation between various altcoins and Bitcoin. Here is the explanation: altcoins approaching 1 are more correlated with Bitcoin, altcoins that are around 0 shares no correlation with Bitcoin, and the altcoins near to -1 are inversely correlated with Bitcoin. This is the Spearman’s rank correlation coefficient. From the chart, it can be seen that the major altcoins all move the same way Bitcoin moves. In the past...

Canada's Largest Cryptocurrency Exchanges CEO, Gerald Cotten,while on a visit to India

 For more news latest update on Cryptocurrencies & Free Crypto Trading signals on Telegram join below given Telegram channel                  Visit - https://t.me/btctradingclub TORONTO: A clearer picture is emerging of the young CEO, Gerald Cotten, at the centre of the mysterious demise of one of Canada's largest cryptocurrency exchanges, who died while on a visit to India, a Canadian media report said today. Gerald Cotten, a Nova Scotia resident originally from Ontario died suddenly while in Rajasthan on December 9, leaving his virtual company, QuadrigaCX, without access to $145 million in Bitcoins and other digital assets. His widow, Jennifer Robertson, has said in court documents that Mr Cotten, 30, was the only person with access to his laptop, which is thought to contain the digital keys to the so-called cold wallets containing the missing cryptocurrency. The circumstances surrounding Mr Cotten's death -- and the ...