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Showing posts with label bitcoin price index. Show all posts
Showing posts with label bitcoin price index. Show all posts
Over a period of few weeks, cryptocurrency market has seen only downside yet there are a lot of investors who believe in the fact that: cryptocurrency is here to stay for long. These investors are the ones who are capable enough to handle severe losses while taking high risks when it comes to investments.


But what about minor investors? Is the whole question which remains unanswered to most part?

Crypto Market Crash to be Short Term

Reports apart from experts from crypto field have said that retail investors along with some individuals ended up selling high risk assets such as Bitcoin (BTC) and Ethereum (ETH) in the wake of ongoing fluctuations in cryptocurrency world. Reasons behind them drifting away from these assets is simple: they have to cover expenses and with no option left, they resort to selling these risky assets.

Read Also: Cryptocurrency Market Place Analysis


When there is 80 to 90 percent drop, it is pretty much obvious for people to find solutions to the problems arisen recently. There are also other people who believe that crypto market crash witnessed in the past few days will be only for a while now and would not last long.

According to a Charity Fund Executive from the United Kingdom, this crypto crash shall recuperate itself within a short span of time and it would not be long enough before things came back on track. Even the Chief Investment Manager at CCLA, James Bevan, added to these statements saying, at the level of traditional finance, there are surprisingly a number of road blocks that people face so cryptocurrencies are no different from them.



For your information, CCLA is one of the top Fund Managers in the United Kingdom and as per their reports, they have invested about £7,842 million in different assets under the tag ‘management’. This record is till the March of this year though.

Billionaire Investors and their Thoughts on Cryptocurrency Pricing

On the other hand, a few investors from the billionaire group have some more points to add. This list is inclusive of Tim Draper, Jim Breyer and Mike Novogratz among the others. In their views, there is going to be a ‘long term trend of Cryptos’!!!

Now if you question here about it being easier for wealthy investors to take risks, then you are absolutely correct however, there are other aspects to be looked at before coming to a final conclusion and some of these include the way ‘bear market’ has seen its ups and downs.

Read Also: Bitcoins Fall Below $4,000, all time low! 


‘Fluctuations’ is a word that has turned favourite for cryptos at the moment and specifically when the talk is about Bitcoins and its price today. One aspect to be made a note of is that you shall certainly be surprised to know as to how and when will Bitcoin Recover from the losses it has faced so far.
Certainly, a doubt has to be answered and when it is about Bitcoin Pricing then let us throw light on how in the past, it took about 67 weeks for Bitcoin to recover! Yes, you read it correctly, 67 weeks and so, hope is not lost altogether but of course, we cannot assume that the future would be the same! Do you?
A Collaboration of Tech Mahindra and Government of Andhra Pradesh to Look Forward to!

In the West, Blockchain has to a great extent crept itself in to numerous fields yet there are many instances where it did not go up to its expectation. An individual shall be surprised to know that research is still going on as to how can one make use of Blockchain and its related stuff for the betterment of the society or ease of doing business.


However, it looks like Government of Andhra Pradesh is going to beat the likes of West to emerge a winner when the question is about the usage of ‘Blockchain Technology’ in real time.

As we write this article, Andhra Pradesh Government from South India has collaborated with a top Information Technology company, Tech Mahindra to check out various avenues where Blockchain Technology can be put to use. In fact, the South Indian Government has already initiated the process of Blockchain for maintaining ‘land records’ thereby having an edge over others (now let that be the West or the rest of the Indian States!)


That is not all, because Andhra Pradesh also became the first state who has adopted Blockchain for the administration operations such as making note of Vehicle Titles.


Read Also: G20 Okays Regulation

Andhra Pradesh Innovation Society Leads the Way


The Andhra Pradesh Innovation Society or APIS has showed keen interest in the working conditions of Blockchain and hence, agreed to integrate with Eleven01 Team from Tech Mahindra! Both the groups together will be working to bring positive changes in fields that can include Blockchain.

J. A. Chowdary, IT Advisor and Special Chief Secretary to the Chief Minister added:

“We truly appreciate what Eleven01 Team is trying to do. We would be happy to associate with them to bring advanced development and innovations with regards to the Blockchain realm in the state.”

While Ramachandran Iyer, Chief Product Officer of Eleven01 added that it would be another feather in the cap to have Blockchain technology put in to right use.

Though some of us feel that Blockchain is still in its nascent stages but till the moment development takes place in reality, there can never be any conclusion to its usage. Hence, it was necessary for an institution to come up with right concepts or partner it with some of the best minds in the field.
One of the important aspects here is that the South Indian Government has come forward to ensure all the help it could provide to the project between the Innovative Society and Eleven01 from Tech Mahindra!

Cryptocurrency Price Fluctuations





Having witnessed recent Bitcoin Cash Hard Fork and its repercussions, many crypto enthusiasts were in flux to invest in Cryptocurrency. But with G20 Countries having okayed for an in-depth work on Cryptocurrency payments only after complete research; it seems to have a positive effect on the overall picture.

Read Also: Bitcoin Cash Network Updates

It is now to see how would both teams move forward in order to make their aim of using Blockchain technology ethically. 
What if you get to use a technique through which you can actually ‘guess price of digital assets?’ As in you can have an idea of whether a digital asset is going to rise or fall?! Well, if a feature like this is there then there is going to be an opportunity galore like never seen before. However, for this to turn in to a reality, you will have to look at ‘OKEx’.


For your information, OKEx is a Cryptocurrency Exchange based in Malta and it is this exchange that is responsible for ‘Perpetual Swap Trading’, a pioneer in the field of judging prices of cryptocurrencies.

What is Perpetual Swap Trading?

In simple words, Perpetual Swap Trading, is in fact ‘progressive’ whilst having a few inklings to ‘futures contract’. There tends to be slight difference though, major one of them being: there is no daily settlement and secondly, there is not going to be any expiry!’. With such aspects attached, Perpetual Swap, a peer to peer technique developed by OKEx is expected to go great guns in near future.

Perpetual Swap to Begin on 11 December

Yes, it would be from the 11th of December that one is going to be able to make use of the peer to peer virtual derivative from the house of OKEx. With Perpetual Swap by your side, you can perform numerous actions simultaneously thereby giving an edge over others.

Some of the actions being: Perpetual Swaps, Spot Trade with Margin, Futures Contract apart from Leverage. Another point to be noted down is: swap contract has notional value equal to that of $100 Bitcoin.


One of the most important features include: there is not going to be any expiry date attached to the Perpetual Swap. In other words, there can be either a longer or a shorter position (here long position addresses price rise expectation whereas shorter one tends to focus on price going down).
So, when these positions have no expiry date then people involved in such a set up end up being the beneficiaries.

Transaction Fees to be on the Lower End

Transaction fees is another of those concerns that one faces, hence, to resolve this issue, you can expect ‘transaction fees to be on the lower end’ when compared to similar projects from this field.
Daily settlement is possible at OKEx thereby giving an opportunity to people involved wherein they withdraw on daily basis whilst gaining profits on it. Malta has indeed turned out to be one of the favourite stops of the business, reasons being OKEx!

11th December 2018 is the day when officially Perpetual Swap Trading would go live at OKEx. An individual may utilise its facilities from 01:00 or GMT + 9 hours. Finally, it is to be remembered: to ensure nothing goes off track, risk control strategies are in place as these have far reaching effects in Trading!

Let us know what do you think of Perpetual Swap in Malta in comments below.
Jay Clayton, Chairman of U. S. Securities and Exchange Commission has indeed pointed out some of the key features that the Chairman thinks benefitting to the current situation of Cryptocurrency market and the world revolving around cryptos especially Bitcoins, a cryptocurrency that has been quite volatile in the past few weeks specifically.


Bitcoin ETF (Exchange Traded Fund) to Take Some More Time

Recently we had reported that the Chairman of Securities and Exchange Commission from the U. S. is pondering over having an exchange traded fund in some time. However, for this to become a reality, a lot of security features are to be looked at carefully before finalizing any aspect because it is without any doubt going to have effects at a later stage as well.



Initial Coin Offering Start-ups Must Check with SEC at the Earliest

All the ICOs or the Initial Coin Offerings if checked with the U. S. Securities and Exchange Commission quickly then there would not be any penalty put on these ICOs. Hence, it is advised that start-ups check with SEC beforehand rather than inviting trouble at their door step.


Already two start-ups have been fined or you may also say issued ‘civil penalties’ by SEC as they had not registered in a correct manner as it was required to.

Happy to Help: Yes, Jay Clayton, the Chairman, made it pretty clear that it did not actually have any kind of trouble to assist crypto startups. However, these start ups have to be in the United States only.
Another thing to be looked at carefully is the fact that these start-ups may indeed have to check for a method to ascertain a fact: ‘get in compliance with the law’. Some people think that doing so (‘get in compliance with the law’) might be a bit difficult as well. On the whole if all rules are followed then there is not going to be any kind of trouble whatsoever (only when rules are followed).

Regulated Exchanges are need of the Hour

When we look at the current picture, we can see that Cryptocurrency exchanges now a days are never in the regulated format. Hence, problems sprung up every now and then. Issues that these crypto exchanges face include ‘price manipulation’.

Therefore, as a result and as an answer to this, Jay Clayton felt that it would be a plus point to have ‘regulated exchanges’. With regulations of exchanges, price manipulation activity would also come down. Price manipulation is one of those culprits that is eating away at Cryptocurrency exchanges thereby leaving investors with confused questions.

The other side of the coin hints at: will Bitcoin be one of the leagues here? While some experts believe to a great extent that it would be next to impossible to have Bitcoin regulated with the way it has grown over the years.

It is now to see what would happen to the crypto world with the United States Securities and Exchange Commission taking center stage in all aspects.
Bitcoin’s price went below $4,000 sending shock waves across the crypto world. Earlier, some reports stated that bitcoin would not fall below $4,000 however last weekend saw something else with cryptocurrency collapse worsening and still coming back a little.


No Stability in Digital Currency Prices

Some experts believe in the saying that nothing is constant and hence whatever is happening to digital currency cannot be said for sure, as in what shall be the exact price of cryptocurrencies and Bitcoins in particular.
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Bitcoin Pricing Analysis

Till the previous weekend, bitcoin prices were plunging down to as low as $3,456 and thus constantly being a reminder that bitcoin has fallen and there are bleak chances of it to gain back whatever it lost.
While on the other hand, Cryptocurrency due to its Blockchain Technology seems to be a viable option for many departments. One of them being, the Ohio State Government, first of its kind which has allowed for bitcoin payments for business tax payments!

This announcement was though welcomed by some sections of the society still many felt that with cryptocurrencies over-all value taking a dip what will happen to bitcoins? However, the State Treasurer from Ohio Government, United States put across one point: cryptocurrencies have been built on a platform wherein they end up being transparent and more secure thus eliminating any risks related to hacking or frauds!

With Bitcoins being allowed to be used as a payment method in the State of Ohio, 23 businesses are under its radar now. Next thing one shall be interested in is the fact that how and when would Bitcoins and other cryptocurrencies rise?

As for Ripple Price Analysis, it has remained steady above 35 cents and it is to see if it touches 60 cents!

Rise in Bitcoin Price (Analysis)

Till midnight of Sunday, Bitcoin had slid by 4.5%, a number none of the crypto enthusiasts expected but a few were aware that this might happen. However, by 7:50 am, things started to change as Bitcoin had regained most of its losses but still it is in the red!

In Stephen Innes words, Head of Trading for Asia Pacific at Oanda Corp, it is true that bitcoin has seen a lot of instability in the past few weeks and this was not the case last year. In case bitcoin goes further down then there might be a case for people looking for exits.

Still Unsure of Bitcoin Prices

With two think tanks setting up their own camps: Bitcoin Cash and Bitcoin Cash SV, this has impacted the price of bitcoins to a great extent. Experts from some sections of the crypto think tanks feel that we have to wait while many others are still unsure of what would happen to cryptocurrencies, an advanced version of currencies in today’s world.


With a great technology in place called Blockchain, cryptocurrencies are indeed a secure form of mode of payment still will they stay for longer or will they break down mid-way is the question that does not get answers for.
Uncertainty over the prices of cryptocurrencies in general and Bitcoins in particular seem to loom large thereby giving away the reasons for people to be confused as in whether cryptocurrencies are rising or tumbling further down!


Why only Bitcoins even other Alt Coins seem to have taken the hit of this uncertain decline of cryptocurrencies. There, however, does not seem to be any one reason that can be pointed out as to: yes, this is why cryptocurrencies bowed their heads.

Bitcoin Hard Fork Split

As observed by many, the moment Bitcoin Hard Fork split was announced, everything seemed to tumble down and it was something that shook the whole of crypto world. Reasons being Bitcoin was riding high and had never fallen below $6,000!


Tom Lee, Wall Street Investor analysed that ‘hash rate war’ turned the scenario to a lot of uncertainty and panic across different rungs of the society. In addition to this, to stay away from risks or unknown waters, many investors backed off stated CoinShares CEO Meltem Demirors.

Right from November of 15th, Bitcoin ABC as well as Bitcoin SV having emerged, they have two think tanks fighting a war, should I say a cold war?! With clashes between these two groups, it was evident for BCH to be diving down the market as it was seen later by us.

Rules Came into Action

Along with division of Bitcoin Cash, SEC decided to take charge of the situation and like earlier informed in one of the articles, stopped operations of many firms who did not obey rules. Brexit along with Central Banks Policies turned out to be other reasons for downfall of the highly anticipated cryptos.


Now many would be shell shocked and worried to know as to what shall be the condition of Bitcoins post the split of the decade?! Are they stable or have they begun to rise in the world of cryptocurrency?

As a matter of fact, sell off due to low trade volumes led to a panic which is a bit difficult to be summoned in words. In Greenspan’s words, nothing can be said for sure as to what would happen next. He believes things could turn around at any moment and nothing can be sure. Either Bitcoin stays there put while some people sell it away and a few others gather them.

Anthony Pompliano, host of Crypto Podcast as well as Newsletter has perfectly put across a point: ‘Bitcoin lives and dies on its own’ while only ‘a few synthetic protections are in store for the investors’.

While on the other hand, Tom Lee is certain of one fact though, it is: regulatory clarity is going to be the key to giving us a clear picture of where Bitcoins and other cryptocurrencies stand. And to quote Lingham, blockchain projects must specify as to what will be the other usable solutions apart from the one, we are aware of.

Cryptocurrencies have not held a stable position since some time, however, as of now experts have pointed out that only a few losses can be seen, so yes, drastically falling prices of cryptos have kind of stopped.

Lesson: Never to conclude before the final outcome is right before you.