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Markets Update: Trader Sentiment Optimistic But Signals Still Unclear

Cryptocurrency markets are bouncing around in value over the course of the weekend as the entire crypto-market capitalization currently rests at $329 billion USD. BTC/USD markets briefly jumped above the $9K region on Sunday, March 25 but dropped an hour later to a low of $8,398. Most of the digital currencies within the crypto-economy have followed suit with BTC as most coins have lost 3-5 percent in value during the late night (EDT) trading sessions.

Also read: Slush Pool Mines the First ASIC Boost Block Sparking More Debate  

Crypto Markets Hold Steady As Traders Wait for the Next Big Move

Markets Update: Trader Sentiment Optimistic But Signals Still UnclearThe past few days most cryptocurrencies have been somewhat stable as they have been following the same triangular sideways pattern as BTC/USD markets. At the time of publication BTC’s price is hovering above the $8,540 range as global markets are swapping roughly $5.4Bn worth of trades over the past 24-hours. The top five exchanges trading the most BTC includes Bitfinex, Binance, Okex, Bitflyer, and Upbit.

One of the most traded cryptocurrencies traded with BTC right now is Tron on the Binance exchange. According to Shapeshift, the top trade today on the peer-to-peer platform is ETH for BTC. At the moment Japan is leading the global trades for BTC markets as the yen is capturing over 57 percent of trade volume. This is followed by the USD (20.8%), tether (USDT 13.6%), the South Korean won (3%), and the euro (2.4%).

Technical Indicators

Looking at the 4-hour, daily, and weekly BTC/USD charts show some bearish divergence taking place during the Saturday evening trading sessions. The two Simple Moving Averages (100-200 SMA) have crossed hairs just a few hours ago as the long-term 200 SMA is now above the short term 100 SMA. This indicates bears have taken control for now as BTC/USD markets lost $500 in value today. However, a reversal pattern took place during yesterday’s trading sessions showing a long bullish engulfing candle. This indicates the current bearish divergence may not last long.

Markets Update: Trader Sentiment Optimistic But Signals Still Unclear

MACd is currently heading southbound following suit with both RSI and Stochastic oscillators. Another indication that bears have taken control for the moment after resistance above $9K could not be broken. Order books show that there’s some solid resistance around the $9K territory but even more so around $9,250. From there if bulls manage to muster up some strength after the last dip resistance is less after the $9,550 area. On the back side, if bears manage to keep dragging the price down with shorts then there are some solid foundations between the current price to $7,900. If the Displaced Moving Average ($7,245) breaks then BTC/USD prices could sink back to much lower levels. However, it doesn’t look like bears can bring the price down that low from the current vantage point.

Markets Update: Trader Sentiment Optimistic But Signals Still Unclear

Digital Asset Markets in General

Cryptocurrency markets, in general, are seeing losses over the past 24-hours. Although over the last hour there have been improvements across the board. The weekly charts show the top ten digital assets are all still up between 5-51 percent, except ethereum markets which are down 0.69 percent. Ethereum (ETH) prices are hovering around $521 per token and over the past 24-hours, ETH is down 3.7 percent. Ripple (XRP) markets are down today 3.5 percent as one XRP $0.63 cents per coin. The fourth highest market capitalization bitcoin cash (BCH) is down 3.7 percent and one BCH today is coasting along around $982. Lastly, litecoin (LTC) markets are also down 4.1 percent and each LTC is roughly $159 per token. Overall cryptocurrency volume across all 1583 digital assets is around $14.1Bn over the past 24-hours.

Markets Update: Trader Sentiment Optimistic But Signals Still Unclear

The Verdict: Short-Term Bearish Sentiment — Long-Term Bullish Optimism

Digital asset proponents seem very optimistic that markets will recover in the short term. The reversal has added some positivity among a lot of traders as there are far more long bets than shorts this week as opposed to two weeks ago. There is far less regulatory FUD swarming through the community and there’s been a lot more positivity lately. However, trade volumes are still fairly flat and its nowhere near what it was during the all-time highs. Even though there have been some bullish signals, hardcore traders are still skeptical that we are out of the woods and safe from bear attacks.  

Where do you see the price of BTC and other digital assets heading from here? Do you think cryptocurrencies will see more gains? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Bitstamp, Trading View, and Coinmarketcap.


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The post Markets Update: Trader Sentiment Optimistic But Signals Still Unclear appeared first on Bitcoin News.

Source: Bitcoin News | Date: March 25, 2018

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Triggmine - AI, Blockchain, and Email Marketing

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Email automation SaaS Triggmine upgrades its services with the latest tech solutions. For the very first time, the whole email marketing industry will go beyond simple mail distribution.

Triggmine is going to revolutionize old-fashioned email marketing. E-commerce entrepreneurs no longer need to segment databases and craft email campaigns – all of this will be handled by an intelligent system based on user data. Triggmine will also help business owners communicate effectively with their customers, leading them from first purchase to continuing loyalty.

To implement the above mechanism, SaaS upgrades with proven tech trends:

Artificial Intelligence. Triggmine will analyze a large quantity of data: demographic characteristics, interaction history, degree of sensitivity to discounts, and interests in relation to product categories. As a result, AI-based campaigns will be highly personalized and work better than traditional email marketing.

Smart Contract. For the very first time, email marketing software takes financial responsibility for users’ business results. Triggmine guarantees improved email marketing performance if the user follows special recommendations, based on benchmarks, business stages, industry specifics, etc. All guidance will be based on the detailed AI analysis.

Blockchain Platform. Ethereum blockchain will be used for executing smart contracts, making data storage safe, and facilitating decentralization. The technology will also be used to guarantee 100% quality of AI-based email automation.

For Triggmine, cryptocurrency is not about raising money, but about developing unique solutions.

The primary goal of a Presale is to raise sufficient funds for the development of the Smart Contract. For users, it means that Triggmine will back up their business financially. The goal of a Main Token Sale is to raise funds for the development of the AI-driven neural network to help users launch highly personalized email campaigns.

Check out the Whitepaper to learn more about the product. Token sale starts 1 day early for all whitelisted users. You can also benefit from a 20% discount on TRG for the first 48 hours of the token sale.

If you’re looking for a promising AI-driven project to invest in, this is the time to make a choice!

———————————————-
More information about Triggmine

Website: https://www.triggmine.io/
Twitter: https://twitter.com/triggmine
Facebook: https://www.facebook.com/Triggmine/
Telegram: https://t.me/TriggmineTokenSale

Contact Email Address
am@triggmine.com
Supporting Link
https://www.triggmine.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Triggmine – AI, Blockchain, and Email Marketing – the Newest Mix in the Crypto World appeared first on Bitcoin News.

Source: Bitcoin News | Date: March 25, 2018

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Cryptocurrency Has Already Made You Rich – You Just Didn’t Notice

When your altbags are weighing heavy and you haven’t checked your portfolio in days. When your long has been liquidated and that ICO has taken your ether and fallen silent. When regulators are cranking up the rhetoric and FUD is the only acronym in town. When all of these things conspire against you, it’s easy to get downhearted and forget about the many ways in which crypto has already made you rich.

Also read: The Current Crypto-Bear Run Will be Nothing Like 2014

Consider the Following

Cryptocurrency Has Already Made You Rich – You Just Didn’t NoticeCrypto can be a cruel mistress, giving with one hand and taking away with the other. One moment she’s rushing you to the top of the roller-coaster with your heart in your mouth and your Blockfolio in your hand. The next, she’s plunging you into the deepest of dips, drowning your gains and obliterating all hope.

At those low points, it’s easy to feel despondent. You were promised the moon and left in the gutter, with the jeers of your co-workers and spouse still ringing in your ears. You HODL’d when you were supposed to, bought the dip, and had the sense to avoid Bitconnect. You even read the white paper of that ICO you bought into – all 51 pages of it – and what have you got to show for it? Zip. Nada. Diddly squat. Perhaps you were just destined to stay poor. Or perhaps you just misunderstood what it means to be crypto rich.

Crypto High Is the World’s Toughest School

Who taught you to 2FA everything after years of sloppy op-sec?

Crypto did that.

Who gave you a fundamental understanding of Austrian School economics and the ability to spot an inverted H&S at 100 paces?

Crypto did that.

Who taught you to value your privacy long before Facebook began leaking it, and who helped you swap your World of Warcraft addiction for an unquenchable craving for knowledge?

Who instilled a passion to learn that you haven’t experienced since you were in kindergarten? Who taught you that the only person in this life you can rely on is yourself, and that only through taking control of your data, your education, and your vocation can you control your destiny?

Oh yeah, crypto did all that.

You see that graph below? That’s not bitcoin. That’s your brain on bitcoin.

Cryptocurrency Has Already Made You Rich – You Just Didn’t Notice

Come for the 100x Gains, Stay for the Esoteric Knowledge

Think back to when you first discovered crypto, be it last year, 2013, or way back at the beginning. Now think of the pre-crypto you and the version that exists today. Odds are they feel like two different people. If the cryptoverse has captivated you, like it does to so many who drift into its realm, the you of today is likely to be smarter and more inclined to question everything. An autodidact intent on grabbing life by the cojones rather than letting it slip through their fingers.

Cryptocurrency Has Already Made You Rich – You Just Didn’t NoticeSure, there are bound to be trade-offs along the way. Perhaps you’ve turned into that guy who always brings up bitcoin at parties. Or that girl who now has “crypto trader” in all her social bios. You might find you’ve less in common with your former friends, and after a couple of tequilas are prone to embarking on rants about the turpitude of Asicboost and why Bram Cohen is probably Satoshi. Bitcoin isn’t guaranteed to make you a better person. But it’s almost certain to have made you a wiser and more self-deterministic one. As the saying goes, give a man crypto and you feed him for a day. Teach a man crypto and you feed him for life.

Not All Riches Can Be Measured in Zeroes

The truth is, you could walk away from all of this tomorrow and crypto would have set you up for life. Not financially necessarily, but in every other respect you’re better equipped than you’ve ever been for anything the world may throw at you. And there’s not a 51% attack or exchange hack in the world that can change that. Quantum computers could pop every private key and burn this whole damn cryptocurrency revolution to the ground and you’d emerge digitally poorer but inestimably richer.

It turns out that bitcoin’s killer feature isn’t blockchain or decentralization – it’s knowledge. Sure, brains alone won’t pay the bills, but the skills you’ve acquired since entering this space, and will continue to acquire for every day you remain, will benefit you more than any 10x altcoin ever could.

Cryptocurrency has already made you rich. You just didn’t notice.

Has discovering cryptocurrency given you a newfound thirst for knowledge? Let us know in the comments section below.


Images courtesy of Shutterstock and Coincodex.


This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

The post Cryptocurrency Has Already Made You Rich – You Just Didn’t Notice appeared first on Bitcoin News.

Source: Bitcoin News | Date: March 25, 2018

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Reddit Removes Bitcoin Payment Option, Censors Darknet Forum

Despite all the Telegram groups, Discord channels and many other alternatives, Reddit remains a leading forum for the wider bitcoin community – especially for new users to learn about the concept for the first time. As such, the website holds power over the conversation and what happens on Reddit can have much wider repercussions.

Also Read: Monthly Web Traffic for Major Bitcoin Exchanges Falls by Half

No More Reddit Gold for Bitcoin

San Francisco headquartered link sharing and content rating website Reddit has removed the option to gift users with reddit gold using bitcoin. Despite sounding like an ICO token, reddit gold is the website’s premium membership program which gives users some special benefits and features and helps the cash-strapped company keep the servers running.

After the issue was highlighted by /r/btc moderator Bitcoinxio, we learned that it was caused due to the recent change with Coinbase Commerce, according to a moderator of number of forums on the website. User emoney04 explained: “The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option. We’re going to take a look at demand and watch the progression of Coinbase Commerce before making a decision on whether to re-enable.” Asked about the option to enable BCH payments due to their lower fees making it more economical for micro payments, the moderator answered: “Yeah that’s definitely a fair point! We’re going to keep that in mind as we move forward.”

Reddit Removes Bitcoin Payment Option, Censors Darknet Forum
Reddit gold screenshot, no bitcoin option

No More Darknet Markets

In addition to removing the above mentioned payment option, the website has also removed one of the forums where some bitcoin users followed developments about spending cryptocurrency with utmost privacy. The subreddit r/Darknetmarkets, which followed anonymous commerce venues, has now been banned. The forum was censored as part of a broader crackdown on sensitive-topics subreddits for violating “Reddit’s policy against transactions involving prohibited goods or services.”

As an American company, Reddit is compelled to comply with the ever harshening anti-privacy legal framework in the US. Just this Friday the CLOUD Act was signed into law, empowering police investigators to collect people’s data from websites without due process or even informing them of the action. As that is the case, the company might have acted out of its users’ best interests, and to prevent itself from having to surrender their information to the authorities. The website is also considered to be transitioning to a more advertiser-friendly social network model, and it might have decided to ban darknet markets as a part of that business strategy.

Reddit Removes Bitcoin Payment Option, Censors Darknet Forum

Should the bitcoin community prepare to transition away from Reddit to avoid a possible crackdown in the future? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Reddit.


Do you want to talk about bitcoin in a comfortable (and censorship-free) environment? Check out the Bitcoin.com Forums — all the big players in Bitcoin have posted there, and we welcome all opinions.

The post Reddit Removes Bitcoin Payment Option, Censors Darknet Forum appeared first on Bitcoin News.

Source: Bitcoin News | Date: March 25, 2018

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Tennessee Passes Bill Recognizing Smart Contracts and Blockchain Transactions

The governor of Tennessee has signed a bill into law that recognizes “the legal authority to use blockchain technology and smart contracts in conducting electronic transactions.” The new bill also “protects the ownership rights of certain information secured by blockchain technology” under state law.

Also Read: Hydro-Quebec Turns Down New Applications for Crypto Mining Operations

Tennessee Legislature Passes Law Recognizing Blockchain Transactions

Tennessee Passes Bill Recognizing Smart Contracts and Blockchain TransactionsThe general assembly of the state of Tennessee has passed a new bill that legally recognizes transactions conducted using a blockchain, in addition to ownership rights pertaining to information secured by distributed ledger technology.

The bill defines blockchain technology as “distributed ledger technology that uses a distributed, decentralized, shared, and replicated ledger, which may be public or private, permissioned or permissionless, or driven by tokenized crypto economics or tokenless.” The bill adds that “The data on the ledger is protected with cryptography, is immutable and auditable, and provides an uncensored truth.”

Under the new legislation, “A signature that is secured through blockchain technology is considered to be in an electronic form and to be an electronic signature,” whilst “A record or contract that is secured through blockchain technology is considered to be in an electronic form and to be an electronic record.”

Smart Contracts Also Recognized Under Tennessee Law

Tennessee Passes Bill Recognizing Smart Contracts and Blockchain TransactionsThe new bill will also recognize smart contracts – defining such as “an event-driven program, that runs on a distributed, decentralized, shared, and replicated ledger and that can take custody over and instruct transfer of assets on that ledger.”

The bill states that “Smart contracts may exist in commerce,” adding that “an event-driven program, that runs on a distributed, decentralized, shared, and replicated ledger and that can take custody over and instruct transfer of assets on that ledger.”

Since being introduced in January, the bill has been unanimously passed in both chambers of Tennessee’s legislature, comprising a significant step toward the legitimization of the cryptocurrency phenomena.

Do you think more jurisdictions will enact similar legislation recognizing blockchain technology? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


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The post Tennessee Passes Bill Recognizing Smart Contracts and Blockchain Transactions appeared first on Bitcoin News.

Source: Bitcoin News | Date: March 25, 2018

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