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2 Months Ago, Andreas Antonopoulos Explained Why Bitcoin Would Crash – Cointelegraph

March 19, 2020 | Author: admin

Bitcoin (BTC) falling as a result of financial turmoil was obvious to one of the spaces leading speakers and educators he predicted it just two months ago.

Speaking on the What Bitcoin Did podcast on Jan. 3, the impact of a recession or similar event was obvious to Andreas Antonopoulos.

What most people dont realize I think is that, in the beginning at least, crypto will crash hard, he explained.

And the reason it will crash hard is because a lot of the venture capital, corporate investments and private investment from individuals that is based on cheap money and disposable income and excess cash in portfolios etc., like in any other part of the economy, will dry up.

That scenario forecast this weeks market mania to an uncanny degree. After some markets saw their worst day since 1987, Bitcoin followed by tanking 60% to lows of around $3,600 on some exchanges.

While commentators are scrambling to explain the phenomenon, Antonopoulos appeared to have already catered to such a scenario.

When people get scared, when there is a recession like that, they pull back their investments, and theyre going to pull back from crypto too, he continued.

Bitcoin derivatives trading volumes with March 12 spike. Source: Skew.com

He noted that Bitcoin alone in January required around $18 million of buys per day just to keep price parity.

From that perspective, I think the first order effect that happens if we have a recession is crypto crashes because all the liquidity dries up which is a classic effect and symptom of a recession.

Thereafter, Bitcoin has the chance to emerge as a safe haven, but the relative difficulty of accessing and storing for non-technical investors could form hurdles to adoption and price stability.

Antonopoulos concluded:

All of those things are really a symptom of the fact that we have a small lifeboat and a very, very large number of people who need saving.

BTC/USD managed to recoup some of Thursdays monumental losses the next day, but at press time still traded down 9%.

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Bitcoin Price Analysis: Is This The Day Bitcoin Had Been Waiting For 11 Years? – CryptoPotato

March 19, 2020 | Author: admin

Quick recap: for the past few weeks, Bitcoin had been following the crashing global markets. While the S&P 500 and Nasdaq lost more than 30% over the past month, Bitcoin followed them but with a little bit of leverage.

The primary cryptocurrency is now trading at a 50% discount from the highs of mid-February, when it was trading above the $10,000 mark.

Many crypto enthusiasts waited for this moment. Bitcoin was born after the most recent significant financial crisis, the one of 2008. Nowadays, Bitcoin is facing its first real economic collapse, but so far, behaving just like any other asset. Not the way Satoshi Nakamoto expected it to be.

We could see the same positive correlation between Bitcoin and the stock markets over the past weeks. However, during the previous days, Bitcoin holds firmly, trading inside a range between $5000 and $5500. This is despite another plunge of 5-6% in the major indexes.

Is this the turning point, when Bitcoin says goodbye to the positive correlation in order to become a real safe-haven asset? Only time will tell. Just a reminder, Gold crashed at the beginning of the 2008 financial crisis, just as it does now, before starting to be a hedge and started soaring.

Following yesterdays assumption about Bitcoin being stable against the crashing markets, we saw Bitcoin breaking above the $5500 resistance, followed by a massive move surpassing $5,800 (as of now).

At the same time, Wall Street futures are forecasting a 2-3% drop at the start of Thursdays trading day. Judging by the past hours, the correlation between Bitcoin and the markets is now inverse. A dream come true? Only time will tell.

Total Market Cap: $150 billion

Bitcoin Market Cap: $95.6 billion

BTC Dominance Index: 63.7%

*Data by CoinGecko

Support/Resistance levels: As mentioned above, the overall picture can be seen on the 4-hour chart below. Bitcoin is trading between $5000 from below, and $5500 from above. A breakout to either direction is likely to point the next short-term for Bitcoin.

From above, the first resistance is the $5500 price zone (the 78.6% Fib retracement level from the June 2019 bull-run), followed by $5700. Further above lies $6000 $6100 (Sundays high).

From below, the first major level of support is the $5000 mark. Further below lies $4700 $4800. Beneath, there is the Mondays low around $4500, before the next significant level at $4200 (old resistance turned support level from the beginning of 2019), and the $4000 mark.

The RSI Indicator: The RSI is at a decision point. After breaking out of the marked wedge, which started forming a month ago, the RSI is facing the 30 level as resistance. A break here can boost the bulls.

Trading volume: As mentioned here before, Thursday and Friday, March 12 & 13, were the two highest daily volume candles over the past year. Since then, the volume had been declining, getting ready for the next move.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency chartsby TradingView.

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Lost Your Bitcoin? Here Is How You Can Recover It – Bitcoinist

March 19, 2020 | Author: admin

A programmer has released a tool that can recover lost Bitcoins using partial key data. The program simplifies what can be a painstaking and frustrating process when wallet data has become damaged or corrupted. Other tricks may also be employed to find lost funds.

Redditor u/Coding_Enthusiast recently released the tool, which he calls the FinderOuter. Although not the first program designed to recover lost key data, it simplifies the process. The FinderOuter has a simple interface that enables the user to enter the partial information for Base-58 or Base-16 private keys. It then recovers the entire key.

The open-source tool can be downloaded from Github. The author intends to add more features, such as the ability to use partially known information to recover full BIP-based seed phrases and passwords.

There is no shortage of potential users of this software, as missing information is responsible for many lost Bitcoins. In fact, by some estimates, as much as twenty-five percent of all existing Bitcoins are currently inaccessible.

It is next to impossible to recover missing private keys without a partial amount of information, yet not every case of lost Bitcoins is hopeless. For example, computer crashes have often been responsible for losing funds, but many tools exist, both hardware and software, that can restore failed hard drives.

Also, files believed to be corrupted are often easily recoverable. In fact, it is common for different hardware or operating systems to read data believed to be hopelessly lost. The same is true of files that have been deleted, as tools designed to recover erased data have been around for decades.

Any crypto investment strategy should start with a plan to properly store funds for the long-term. Simply put, the best way to restore lost Bitcoins is to never lose them in the first place. Unfortunately, the mishandling of cryptocurrency is all-too-common.

Cold storage, generally via hardware wallets, has long been considered the best means to protect against loss. However, recovery phrases for these devices must still be carefully written down and stored in a very secure location. Cryptocurrency should never be kept on exchanges, nor should wallet data be kept on any device without adequate backup.

Also, substantial amounts of cryptocurrency have now been lost because owners have died without providing needed recovery information. Thus, this possibility should be factored into any long-term investment plan.

Have you lost any or all of your bitcoins? Tell us in the comments below.

Image via Shutterstock

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Investors Can Hedge Long-Term Risk With New 2-Year Bitcoin Derivatives – CoinDesk – Coindesk

March 19, 2020 | Author: admin

Quedex, a Gibraltar-regulated derivatives exchange, recently launched a bitcoin contract with the longest expiration date in crypto.

The CEO of Quedex Bitcoin Derivatives Exchange, Wiktor Gromniak, told CoinDesk the firm had experienced a surge in investor interest in its new BTCUSD contract, which expires in December 2021 and only became tradable last Friday.

Quedex volumes surged past a record $5 million on Saturday, beating the previous all-time high of $2 million reached in February, according to the exchange.

"The new December 2021 products account for about 5 to 15 percent of total volume on the exchange ... we see it as relatively high and promising for a product which [has been] live for less than a week," Gromniak said. "What's interesting is that the new December 2021 expiry options are the most popular among options products."

Quedex's total volumes peaked at over $16 million between March 6 and March 13, more than the exchange's $9.8 million weekly average. Over the same timeframe, volumes for the December 2021 contracts came in at $1.2 million with most activity taking place on Thursday, where volumes peaked at nearly $900,000, according to Gromniak.

Operating since 2016, Quedex is regulated by the Gibraltar Financial Services Commission and offers various bitcoin-denominated products. As well as the two-year product, the exchange also offers contracts with expiries ranging from a week, to a month, to a quarter. Clients can also use a margin trading facility that comes with up to 10 times leverage.

The new contract's launch came before the coronavirus pandemic triggered mass sell-offs across both traditional and crypto markets. Contrary to the widely held safe-haven narrative, bitcoin's (BTC) price dropped to a 10-month low on Thursday, taking many traders completely unawares. Forced liquidations of long positions on derivatives exchange BitMEX have soared past $700 million, adding further downward pressure to the spot price.

While volatility is likely to continue for contracts with short term expiries, Gromniak attributes surging interest in his longer-dated products to investors trying to hedge their long-term exposure. Contracts with longer expiry dates, such as in two years' time, are not influenced by market downtrends such as the one sparked by the coronavirus, he said.

Previously, exchanges OKEx and FTX had the longest-reaching contracts that expired in December 2020. The longest contracts available on Deribit lists expire in September. Gromniak said Quedex would consider adding contracts with even longer expiration dates, but added the company would wait to see first if there was sufficient demand from the market.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin is dead, long live Bitcoin – Decrypt

March 19, 2020 | Author: admin

The mother of all weeks has seen Bitcoin in freefall. The biggest price drop since 2013 followed a WHO announcement of a global pandemic, and President Trumps ban on flights between the US and Europe. Uncertainty gripped the financial markets, and sent cryptocurrencies plummeting along with other assets, stocks and bonds.

On Thursday, Bitcoin had its worst day in history. Its price dropped from $7,900 to $4,600 over 40%. It then continued to drop, reaching a low of $3,850.

While its bounced back to over $5,000 since then, the Fear & Greed Index is still at extremeshowing the market is still fearful.

But weve been here before right? Bitcoin has died approximately 380 times. And its still here. So is Bitcoin really dead this time?

Erik Voorhees, CEO of Shapeshift crypto exchange, thinks the idea is ridiculous.

No, Bitcoin as a store of value isnt dead just because it had a super shitty day, he tweeted. In the coming months the world will see what anti-fragile means.

Voorhees has lived through plenty of super shitty days, since he got into crypto more than eight years ago. Hes also seen how quickly things can bounce back.

But many of the respondents to his assertion on Twitter disagreed. So did libertarian and Bitcoin Cash proponent, Roger Ver. He believes that its precisely this idea which has to be knocked on the head.

"Obviously it isnt the end of Bitcoin, but it should be the end of the nonsense idea put forth by BTC maximalists that Bitcoin is a store of value because Bitcoin is useful as a store of value, he told Decrypt. The reality is that the only way anything can become a store of value is by having some other use case.

No doubt about it, the market making industrythe institutional investors who provide essentially liquidity to the crypto industrytook a gigantic hit, pseudonymous Bitcoin maximalist Loomer told Decrypt. But he remains optimistic. I think the bottom just got printed, we will probably consolidate in this range for a while as people finally get back to grips and normality, he said. As long as people in the world have money, Bitcoin will be around.

Adam Back, cofounder of Bitcoin developer Blockstream also brushed off the recent tumult in the markets. Bitcoin has been lower last year with a bottom around $3400, and is known for being volatile, he said.

He pointed out that as well as the biggest loss, the cryptocurrency also saw its biggest gain.

Yesterday we saw price appreciate rapidly by the biggest intraday gain in Bitcoins history from its bottom just below $4000 to over $5500 within 30 minutes. So I think it's safe to say Bitcoin isn't going anywhere, he said.

Investor Dan Tapiero agreed, tweeting that Bitcoin was the only asset that could go down 50% in one day that didnt need government intervention to stabilize its price. It will be fine, he said.

But not everybody is convinced.

On the other side of the equation, skeptics argue that this might be it for Bitcoin.

Bitcoin bear Peter Schiff tweeted, With Bitcoin crashing below $4,000 I don't feel so bad about having lost all my Bitcoin. At the rate my lost Bitcoin are losing value soon the difference between having Bitcoin and not having any Bitcoin will be too small to matter.

Bitcoin skeptic David Gerard told Decryptthat it's crunch time. "Everything bitcoin's ever done has been under the best possible circumstances. Coiners forget that literally the entire price history of Bitcoinsince it could first be said to have a price, in late 2010 or early 2011has been in a conventional asset bull market."

The falling price poses further questions for the viability of Bitcoins economic model. It costs miners a lot of money in electricity bills to mine Bitcoin, and if it drops too far in valuethen they might not be able to afford to keep supporting the network.

Bitcoin miners help to keep the network running. Image: Shutterstock.

Charles Edwards founder of digital asset management startup Capriole tweeted that, Bitcoin miners are now unprofitable.

As a result, he argued that Bitcoin miners will leave the networkwhich would make it weaker, and more vulnerable to attack. The hash rate is the amount of processing power being used to mine new Bitcoin. Expect we hold (mostly) above $5,000, and then start to see [the] Hash Rate drop, he tweeted.

But perhaps price isnt everything. Charlie Shrem, host of Untold Stories, tweeted, Has Bitcoin changed from last week to this? Is the network broken? Has someone hacked it? No, Bitcoin is working, chugging along and growing!

Meanwhile, Peter McCormack, host of the What Bitcoin Did Next podcast, told Decrypt: "My only thought right now is I never really care about price much anymore, all I care about is its existence, just by existing it is a win for freedom."

Thats maximalism and existentialism for you.

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Bitcoin & Gold Are Doing the Same Thing in Coronavirus Crisis: Pomp – Cointelegraph

March 19, 2020 | Author: admin

On March 14, Tyler Winklevoss, the co-founder and CEO of Gemini and prominent early Bitcoin investor, took to Twitter to defend Bitcoin despite the recent market crash.

In the tweet, Tyler emphasizes that Bitcoin is still in its infancy, stating:

If bitcoin isn't gold 2.0, then what is it? The fact that it's not acting how you might expect only underscores just how early it is.

Supporting Winklevoss assertion, Anthony Pompliano, the co-founder and partner at Morgan Creek Digital, has attributed the recent crypto market meltdown to a broader liquidity crisis coursing through the global economy. He said:

Bitcoin and gold are doing the same thing, just as you would expect them to in a liquidity crisis..they go down. Same thing happened to gold during liquidity crisis of 2008 too.

As in 2008, the metals markets have suffered enormous losses as a result of the current liquidity crisis, with gold futures falling 4.25% and silver futures crashing 8% in a single day on Indias markets. Over the past week, gold is down about 10% compared to Bitcoins (BTC) 50% while becoming increasingly correlated since January.

Bitcoin-gold realized correlation. Source: Skew

In a recent episode of his Off the Chain podcast, Pomp argues that the shutting down of economic activity in response to the COVID-19 coronavirus pandemic has sparked a liquidity crisis driving down the prices of Bitcoin and gold despite their status as a safe-haven asset.

A liquidity crisis means that investors all rush to the exit doors at the same time, but there are so many more sellers than buyers that investors actually have a hard time offloading their assets for cash. Quite literally, investors begin aggressively lowering the price they are willing to accept for each asset in exchange for the cash which they are desperately seeking right now.

Pomp points to the 30% crash in the price of gold during the 2008 global financial crisis, stating: This [wasnt] because gold is a bad store of value or that it had lost safe-haven status after 5,000 years. It [was] because gold has a liquid market and investors needed liquidity over anything else.

Despite golds sudden drop in price, the Morgan Creek Digital co-founder notes that the price of gold nearly tripled in five years from $650 in 2006 to more than $1,800 in 2011 as concerns regarding U.S. monetary policy, inflation, and debt increasingly gripped the markets.

Simply, gold served as a store of value and safe-haven asset over the full timeline of the crisis, but it succumbed to the liquidity crisis during the worst 6 months. This is what I believe is happening to Bitcoin right now.

Pomp asserts that most investors who were holding Bitcoin for cash likely sold over the last week driving the huge losses recently sustained across the crypto markets.

While hesitating to guarantee that BTC will not see deeper local price lows, Pomp speculates that most investors who are still holding Bitcoin are holders of last resort who will not sell their BTC.

Regardless of price movements in the USD exchange value, the holders of last resort wont sell their Bitcoin. They are strong hands. They cant be shaken out of their belief. In fact, they are likely to be buying Bitcoin on these large price drops, rather than selling. They are exchanging USD for Bitcoin right now.

Further, Pompliano expects that the upcoming halving will coincide with the introduction of monetary stimulus measures and may further drive an influx of investors seeking safe-haven exposure.

Predicting interest rate cuts and quantitative easing, Pomp expects that investors will soon seek to weather the liquidity crisis by seeking exposure to sound money and safe-haven assets, adding:

Both gold and Bitcoin should do incredibly well during this time period.

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Ripple Executive Says Bitcoin, Ethereum and XRP Represent First Wave in Deconstruction of Finance – The Daily Hodl

March 19, 2020 | Author: admin

The head of developer relations at Ripples Xpring says blockchain is poised to transform the world of finance amid rapidly changing economic conditions.

In a new blog post, Warren Paul Anderson says payments are the clear first use case for the emerging technology. He points to economic turmoil as a potential catalyst for the rise of crypto assets like Bitcoin, Ethereum and XRP.

We believe that blockchain technology is the deconstruction of finance, down to its core components, with payments being the first part through the implementation of crypto currencies such as BTC, ETH, and XRP.

As the world braces for change in global economic conditions, we believe that blockchain technology can serve as an integral tool for developers to put the pieces back together.

Early this month at London Blockchain Labs, Ripple co-hosted an event for around 100 developers called Deconstructing DeFi.

The gathering focused on specific aspects of decentralized finance (DeFi), a term representing broader efforts to recreate traditional financial instruments in a decentralized architecture that cant be controlled by middlemen.

Xpring has released a software development kit designed to make it easy to build on XRP and recently revealed plans to build a bridge between XRP and Ethereum that will make it easy to exchange one cryptocurrency for the other.

Through Xpring, Ripple has also allocated more than half a billion dollars to companies that support crypto and blockchain technology.

Featured Image: Shutterstock/Strahil Dimitrov

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Bitcoin and Altcoins Correct Gains – Cryptonews

March 19, 2020 | Author: admin

Yesterday, we saw a decent upward move in bitcoin price above the USD 5,000 resistance area. BTC/USD even climbed above the USD 5,200 and USD 5,350 resistance levels. However, BTC/USD struggled to gain traction above the USD 5,500 resistance and it is currently (08:30 UTC) correcting lower.

Similarly, most major altcoins tested key resistances and they are currently declining, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD failed near the USD 120 level and it is now trading below USD 115. Besides, XRP/USD topped near the USD 0.150 level and it might now test the USD 0.140 level.

Total market capitalization

After a decent recovery wave, bitcoin price struggled to surpass the USD 5,500 and USD 5,550 resistance levels. As a result, BTC/USD started another decline and it is now trading below USD 5,350. The price is down around 5% and it is approaching the USD 5,100 support level. The main support is near USD 5,000, below which there is a risk of more downsides.On the upside, an initial resistance is near the USD 5,350 level. The key resistance is still near USD 5,500, above which the bulls are likely to aim a test of USD 5,800 and USD 6,000.

Ethereum price topped near the USD 120 resistance area and it is now declining below USD 115. ETH/USD is down around 5% and it is trading near the USD 112 support. The next supports are seen near the USD 110 level.On the upside, the USD 116 level is an initial hurdle, above which the bulls are likely to retest the USD 120 resistance.

Bitcoin cash price failed again near the USD 185 and USD 190 resistance levels. BCH/USD is currently sliding and trading below USD 180. An initial support is near the USD 172 level, below which the bulls are likely to aim a test of the USD 165 support level. On the upside, a clear break above USD 190 and USD 200 is needed for a larger recovery.Litecoin faced a strong selling interest near the USD 35.50 and USD 36.00 levels. LTC/USD is currently correcting lower and approaching the USD 32.50 support. The main support is still near the USD 30.00 level. Any further losses may perhaps lead the price towards USD 26.00.XRP price struggled to continue above the USD 0.150 and USD 0.152 resistance levels. As a result, there was a fresh decline below USD 0.145 and it seems like the price might revisit the USD 0.140 level. The next key support is seen near the USD 0.132 and USD 0.130 levels.

In the past three sessions, many small-capitalization altcoins declined more than 5%, including LUNA, GNT, CKB, ZIL, LINK, HBAR, MOF, QTUM, DX, LRC, XTZ and IOST. Conversely, LSK, LEND, and DASH managed to gain more than 5%.

Watch the latest reports by Block TV.

To sum up, bitcoin price is facing a couple of key hurdles near the USD 5,500 level. On the downside, the main support is near the USD 5,000 level. BTC/USD might continue to trade in a range before the next major move either above USD 5,500 or below USD 5,000._____

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Indian Government Reveals Inspection of Bitcoin Businesses, Informs Parliament of Results – Bitcoin News

March 19, 2020 | Author: admin

The government of India has informed Lok Sabha, the lower house of parliament, about the Ministry of Corporate Affairs inspection of cryptocurrency businesses. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur provided details of two companies in particular. This follows the landmark ruling by the countrys supreme court which quashed the banking ban imposed by the central bank, the Reserve Bank of India (RBI).

Also read: Bitcoin Legal in India Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency

Minister of State for Finance and Corporate Affairs Shri Anurag Singh Thakur answered several questions in Lok Sabha on Monday regarding the governments inspection of bitcoin companies. He specifically mentioned two crypto businesses: Zeb IT Services Ltd. and Unocoin Technologies Ltd.

According to Lok Sabhas record, the questions concern fraud by bitcoin companies. Particularly, Thakur was asked about companies dealing in bitcoin that are repeatedly violating rules laid out by the Corporate Affairs Ministry by not filing annual balance sheets.

In his written answer to Lok Sabha, Thakur explained: Bitcoin companies are not defined under the Companies Act. However, the Ministry of Corporate Affairs (MCA) has conducted inspection through Registrar of Companies (RoC), Ahmedabad, in the matter of Zeb IT Services Private Limited to examine the aspect with regard to dealing in bitcoins. He elaborated:

Based on the findings, prosecutions have been filed for violations under various provisions of the Companies Act and the same also have been concluded on payment of penalty on the compounding application(s) filed by the company.

Furthermore, the minister clarified that Zeb IT Services has filed its balance sheet and relevant annual return as of March 31, 2019, adding that the company is under liquidation.

He also revealed that there is another bitcoin company registered with the Registrar of Companies in Karnataka. Unocoin Technologies Private Limited is in the business of developing online market platform to facilitate and conduct buy, sell, store, and accept bitcoins, Thakur told Lok Sabha. He proceeded to confirm that this company is up to date in filing statutory returns and no complaint has been received.

While India still does not have laws to directly regulate the crypto industry, experts have suggested that the Companies Act can be used to indirectly regulate cryptocurrency businesses. Many crypto companies, however, are registered outside of India.

Zeb IT Services operated crypto exchange Zebpay which shut down its Indian operations in September 2018 after the RBI banned banks from providing services to crypto businesses. The company subsequently moved overseas and is currently serving 163 countries. It is now operated by Awlencan Innovations Australia Ltd. and Genie Technologies Ltd. in Singapore. Zebpay relaunched in India earlier this month with new management. The inspection of Zeb IT Services dates back to 2018. In July that year, the Ministry of Corporate Affairs was asked similar questions in Lok Sabha. In his reply, then Minister of State for Law and Justice and Corporate Affairs, Shri P. P. Chaudhary, explained that regarding this company, the Ministry of Corporate Affairs has, vide order dated 15/3/2018, ordered inspection of books of accounts to examine inter alia the aspect of dealing in bitcoin.

The Indian crypto industry has seen many changes so far this year. On March 4, the supreme court quashed the RBIs April 2018 circular that banned regulated financial institutions from dealing in cryptocurrency. The court ruled that this circular was unconstitutional.

Following the supreme court verdict, cryptocurrency exchanges in India resumed INR services. However, some major banks including HDFC and Indusind Bank still refuse to open accounts for crypto businesses as they are waiting for the RBI to provide further instructions regarding the banking ban. HDFC is Indias largest bank by market capitalization.

The RBI is reportedly planning to file a review petition with the supreme court on the grounds that the anonymous nature of cryptocurrency poses a threat to Indias banking system. The central bank has until April 3 to do so. Meanwhile, more global companies have started expanding their operations into India.

Do you think the Indian government has warmed up to cryptocurrency after the supreme court verdict? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.

Images courtesy of Shutterstock, the Deccan Herald, and Anurag Thakur.

Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Bitcoin Live: How to Watch the Next Price Run or Crash in Real-Time – Bitcoin News

March 19, 2020 | Author: admin

Watching the bitcoin price move can be exhilarating, or at times soul-crushing, depending on the market. The unpredictability makes watching things unfold in real-time compelling, and checking the price via live broadcast is further enriched by commentary from popular traders and influencers. These let viewers in on their point of view as the market roller coaster unfolds by the second. In this article, well look at some go-to broadcasters and live shows and see what they have to offer.

Also read: How to Track, Get and Set the Best Transaction Fees with Bitcoin and Bitcoin Cash

Its one thing to see a pre-recorded video of your favorite influencer or crypto commentator sounding off on the latest news. Its an entirely different experience when the show is being broadcast live, charts are moving in the background, and the host perhaps with a guest or two is debating and speculating about what the hell is going on.

An electrified live chat box buzzing with fresh comments, questions and jokes makes the whole scene that much richer. What follows is a peek at some of the leading live bitcoin people in the cryptosphere today, and what they bring to the table.

CNBC Television: Yes, its mainstream. Yes, it says television. All the same, for the political junkie with an interest in how world events are affecting markets both bitcoin and legacy CNBCs Youtube channel offers a variety of programs, high profile guests, interviews and occasional live broadcasts with commentary.

The channel posts in prolific fashion daily, and though the focus is mainly traditional markets, it can help to contextualize bitcoin price movements in view of wider economic happenings and mainstream perception. For those that (perhaps rightly) think MSM is total garbage, remember the words of Hunter S. Thompson: People think I watch TV too much, but they are wrong. There is a huge difference between merely watching TV and learning to respond aggressively to it.

Ivan on Tech: Leaving the square world of CNBC behind, Ivan on Tech offers daily live analysis of whats happening in crypto markets, and like CNBC contextualizes it. Ivan, however, takes an economic view critical of some of the rotten fundamentals of traditional finance and central banks.

The show has a highly active live chat, analyzes news, social media buzz and crypto Twitter commentary, and of course price movements of cryptocurrencies. Ivan also has a Youtube presence where recorded content can be viewed, but after a recent suspension from the platform, hes moved the actual live show to his website. In the latest episode he discusses the recent coronavirus stock market collapse, and the suggestion that crypto markets might need circuit breakers, like traditional stock markets.

Mitch Ray: Mitch Rays crypto technical analysis (TA) channel is a true live-casting operation for hardcore crypto netizens. The long-form, multiple-times-daily crypto streams examine markets live, focusing mainly on BTC and stocks, sometimes discussing altcoin and gold/metals markets as well. Its a relaxed format with charts front and center. The relaxing music and good humored banter with the live chat group combine to make analysis hip and goofy at the same time, highly detail-oriented, and fun.

Crypt0: Omar Bam, better known as Crypt0 to those in the bitcoin space, has a successful crypto Youtube channel with 119K subscribers. Putting out crypto video content nearly daily, as he clarifies, Bam does a combination of pre-recorded and live content, focusing on a wide variety of different coins, topics, and guests.

His latest livestream from March 12, Markets Are Crashing A Chat With Alex Saunders of Nuggets News, finds Crypt0 and Sanders chewing on the tough realities of the current market panic in light of the worldwide coronavirus scare. The combination of conversation, live chat, and a running ticker at the bottom of the screen so prices are never too far away makes for an engaging bitcoin live experience.

Introtocryptos: A more technical live-streaming bitcoin and altcoin channel, Introtocryptos allows you to watch bitcoin trades happening in real-time, seeing what amounts are being traded on which exchange. So, if you have seven hours to spare and want to actually hear the sounds of bitcoin being bought or sold, this is your bitcoin live broadcast. The channel also features shorter videos with live commentary about altcoin markets, bitcoin dominance, and other topics.

While finding reliable content is always a challenge in the veritable minefield of scams and empty promises that can clutter the crypto space, as long as youre buckled up and adequately cynical, the above resources can help to put flesh on the bones of the bare numbers of the market, making bitcoin price movements something to be experienced as much as just read on a screen.

So whether youre looking to see if your bags are going to lift you to the moon, or for someone to commiserate with as markets sink into the icy seas of capitulation, live bitcoin broadcasts are where its at. If youre particularly industrious, you can even start your own.

Whats your favorite live bitcoin broadcast? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article. Price articles and market updates are intended for informational purposes only and should not 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.

Image credits: Shutterstock, fair use.

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Graham Smith is an American expat living in Japan, and the founder of Voluntary Japanan initiative dedicated to spreading the philosophies of unschooling, individual self-ownership, and economic freedom in the land of the rising sun.

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Bitcoin Live: How to Watch the Next Price Run or Crash in Real-Time - Bitcoin News

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