Bitcoin Cash Price Prediction 2019: What Price Can BCH Reach This Year?

Bitcoin Cash Price Prediction 2019: What Price Can BCH Reach This Year?

While no one can come up with an accurate Bitcoin Cash price prediction,

we will be looking at some of the most important factors and expert forecasts that can help you evaluate the market for BCH.

What is Bitcoin Cash?

Bitcoin Cash is a popular crypto which was resulted from a hard fork from Bitcoin which took place on August 1, 2017. BCH was created to improve several aspects of Bitcoin such as scalability and transaction fees. Bitcoin Cash has managed to stay among the top ten cryptos according to market cap for a long time, and thus there are many investors interested in the coin. Its current circulating supply is 17,912,375 BCH with a market cap of $5,574,708,567 USD. The crypto currently ranks fifth in the top cryptocurrencies according to market capitalization.

Bitcoin Cash Price Prediction 2019

Bitcoin Cash has maintained a stable price for the past three 3 months, except for a significant drop in April 30th, 2019 when it hit the value of $242.02. All in all, BCH has seemed to maintain its performance stable since May 17th, 2019 went it jumped to $413.97, hitting $436 a few days later. The crypto’s price has also been positive through June, except for June 5th, when it dipped from $400 to $380.59. For the beginning of July, the Bitcoin Cash price was situated above the $400 mark, but since the 11th July, the coin has been hovering in the $300 price range, with a few days dropping below it. Bitcoin Cash is currently trading at $311.22.

Developments and adoption

A significant development for Bitcoin Cash that might have the potential to increase its price is the listing as a payment option by one of the largest telecom giants, AT&T. AT&T announced that they will now support Bitcoin Cash as payments due to its partnership with Bitpay. AT&T is among the top 10 Fortune 500 companies, having many customers all over the world, which increases the potential of BCH expanding its own user base and adoption rate. A higher adoption rate could mean more gains for BCH.

Last month, BCH executed a soft fork on its software to include the Schnorr signature. BitPay is a popular payment processor which recently started offering support for BCH. This not only allows merchants to accept BCH as payment but also led to a significant boost in usage and price for the crypto. The future also has in store many new developments for the BCH infrastructure. They are currently testing wallet support, as well as a beta Telegram tipping bot called Tipmebchbot. BCH also has different teams that are working with a number of projects, including Bitcoin Unlimited, Bitcrust, Bitprim, ElectrumX, Nchain, Parity and Bitcoin XT. Bitcoin Cash was also recently listed on the Winklevoss’s Gemini Exchange, which was licensed by the NYDFS.

Mining Profitability

Currently, mining Bitcoin cash is more profitable when compared to Bitcoin mining. This is why more miners are looking towards Bitcoin Cash, which, in turn, fortifies the solidity of the network.

Relation to Bitcoin

As most of the altcoin market, BCH’s performance is tied to that of Bitcoin, but Bitcoin Cash seems to be so closely linked to BTC that you can’t differentiate them. Here is where formulating an accurate bitcoin Cash price prediction gets complicated. Most people think of Bitcoin Cash as they would of Bitcoin. Should Bitcoin drop, then there is a high probability of BCH failing as well. But if Bitcoin should go up then Bitcoin Cash would be among the first altcoins that will see gains considering it is one of the most important competitors of Bitcoin.

Market Opinions for Bitcoin Cash Price Prediction

Many important crypto figures, traders and crypto sites have made their own Bitcoin Cash price prediction. Below we will be presenting some of the most important ones in the space.

1. Trading Beasts

Trading Beasts forecasted that Bitcoin Cash would have a positive performance in 2019, with the coin reaching $2703.17 by the end of the year.

2. Roger Ver

Roger Ver, an ardent proponent of Bitcoin Cash, predicts that BCH might double its value in 12 months.

3. Smartereum

The Smartereum crypto forecasting website made the Bitcoin Cash price prediction that BCH would reach $6700, which would mean an increase of 500% in under a year.

4. Coinswitch

The Coinswitch crypto site explained that “a couple of months back, Bitcoin Cash experienced over 2.1 million transactions, which accounted for 63 percent of total cryptocurrency transactions conducted during that 24-hour span. This was a great success for the BCH community as this could change the entire scenario.” Based on their analysis, they made the following forecast for BCH:

“By the end of 2019, BCH might reach 2000 USD, which is more than 200X of the current price.”

5. Us Lifted

Another optimistic prediction was given by Us Lifted, stating that BCH’s value might go up even as high as $9,735 by the end of 2019.

6. Crypto Ground

Crypto Ground’s Bitcoin Cash price prediction is that the coin will touch a value of $707 by the end of 2019. This is one of the more conservative forecasts on our list, and the most likely to happen considering current prices.

 7. Price Prediction

The Price Prediction forum has speculated that BCH will possibly hit $9560.28 by the end of 2020.

8. LongForecast

The site predicted that the price for Bitcoin Cash in December 2019 will be situated between $51 and $66.

9. Wallet Investor

Another negative price prediction comes from Wallet Investor, who believes that BCH will go down to $11 by the end of the year.

Verdict

With this, we conclude our article on Bitcoin Cash price prediction for 2019. We hope that the information we provided has been of some help to Bitcoin Cash traders or those looking to get invested in the cryptocurrency. What we can take away from this is that most predictions for Bitcoin Cash this year seem to be on the positive side. Of course, some are more bullish than others, but it appears that people are confident in Bitcoin Cash’s future. BCH has many factors that could lead to an increase in prices, such as developments, adoption rate, and mining profitability.

Article Produced By
Anca Faget

Hi, I’m Anca. You might’ve stumbled upon my literary creations while searching for stuff on the internet. I write mostly on topics related to tech, crypto and such (although there was a period in my life when I wrote sarcastic descriptions for bizarre Amazon products). When my ADD kicks in I turn sticky notes into Pikachus or pop bubble wrap.

https://coindoo.com/bitcoin-cash-price-prediction/

Chris Corey

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

                                   SonicX

When Satoshi Nakamoto unveiled Bitcoin to the world,

the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day. One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is extremely popular in most parts of the world as it helps friends and family to communicate with one another at no additional cost.  And, it is through WhatsApp that the Libra currency should perform especially well.

Privacy Concerns

Although the excitement is palpable, Libra doesn’t come without its fair share of critics.  The critics point to a series of failings at the corporate level regarding the protection of sensitive consumer data.  Facebook has been involved in quite a few incidents starting with the 2015-2016 period in which nefarious groups were able to exploit Facebook for political gain.  There have also been a few hacks and data breaches which resulted in the theft of personal data. Given those concerns, it certainly isn’t a guarantee that Libra will succeed.  Facebook will have to prove that it is once again worthy of the public’s trust.  And it will also face stiff competition as the race heats up to become the king of cross border payments.

Competitors to Libra Currency

Dash currency has already proven itself useful in economically plagued Venezuela.  More than 17% of Venezuelans have fled the country since the economic collapse that began several years ago.  The World Bank currently estimates that the country’s inflation rate will reach 10 million percent in 2019.  That sort of inflation essentially renders the sovereign currency useless.  And it makes it nearly impossible pay for goods as consumers would have to drag bags and bags of cash with them to buy a loaf of bread, or a pair of shoes.

Dash is a private digital currency designed to help consumers make payments for purchases made online or in-store anywhere in the world.  Payment confirmations are done in less than three seconds while cryptographic security is guaranteed through a payment verification process that makes use of the mining power.  Dash recognized that the citizens of Venezuela needed an alternative to the quickly sinking Bolivar.  It has made significant inroads with brokers and merchants in order to allow citizens to use it for payment.  Not only does it eliminate the need to carry bags of cash, it also helps Venezuelans maintain their wealth by minimizing inflation.  And although cryptocurrency prices have been volatile over the past 18 months, it pales in comparison to the volatility in Bolivar.

In addition to Dash, SonicX (SOX) is another promising cryptocurrency global payments solution.  SonicX created a blockchain platform that is based on Tron’s (TRX) architecture.  In addition to all the great features that Tron has, SonicX boosted the number of transactions that the platform can handle and introduced a community structure that will give users a say in how things work.  One of Bitcoin’s major failings is its lack of scalability.  This became especially evident in late 2017/early 2018 when the network was constantly bogged down because of volume.  Currently, Bitcoin is only capable of processing 7 transactions per second.  Compare that to the Visa which is capable of 25,000 transactions per second.  It’s not feasible.

The SonicX Consensus Mechanism (SXCM) digital governance system allows the Tron network to increase the number of transactions that are possible in a given period, and it adds an architecture that allows for Supernodes.  Supernodes on SXCM are selected to generate new blocks, while regular nodes validate transactions.  The end result is a network that is capable of processing approximately 5,000 transactions per second which would far surpass the capability of any other cryptocurrency. July is an extremely busy month for SonicX.  On July 15th, TRX holders received a SOX airdrop.  Additionally, on July 30th, SonicEX (exchange) will launch.  The company’s IEO (Initial Exchange Offering) will also begin on that same day.  Details of the company’s IEO are as follows:

  • 1st batch will be 500 million coins which is scheduled to begin on July 30th at 7am UTC
  • 2nd batch will be 1.5 billion coins which is scheduled to begin on August 1st at 7am UTC
  • The 3rd and final batch will be 2 billion coins which is scheduled to begin on August 3rd at 7am UTC

Final Thoughts

There is an incredible amount of excitement regarding the Libra announcement.  Because of Facebook’s global reach and its brand name, there is a really strong chance that the Libra launch could spark the beginning of cryptocurrency mass adoption.  But, while Facebook certainly has the brand name, it isn’t the only game in town when it comes to global payments.  Dash and SonicX are just a few examples of smart, entrepreneurial companies aiming to do their part.

Article Produced By
Paul Wilson

After graduating from University, I spent roughly a decade working in the financial markets. I now trade independently and focus on both equities and cryptocurrencies. My interest in writing is just to share interesting trade/investment ideas that I come across during my research.

https://globalcoinreport.com/sonicx-and-dash-could-challenge-facebooks-libra-for-global-payments-market-share/

 

Chris Corey

Blockchain Conference Moscow: New Concept Relevant Topics and Insider Information

Blockchain Conference Moscow: New Concept, Relevant Topics, and Insider Information

Smile-Expo International Company has held 50 blockchain events in 24 countries since 2014.

Major crypto events successfully took place in Europe, Asia, and

the CIS countries. 

We regularly analyzed the market, thoroughly monitored industry news, talked to experts, and obtained plenty of requests from the community on holding the conference in Moscow. Therefore, the 51st blockchain event will be carried out there, and the format will be a strong reason for participation.    

The ninth Blockchain Conference Moscow will take place on October 3. It is the only place that will allow you to get the latest knowledge about alternative finances, enjoy efficient networking with top blockchain community members, as well as examine new solutions and case studies within a single day.   

The event will be divided into two blocks:

  • Blockchain in business.
  • Insider information, forecasts, and prospects.

The first block will focus on the industry regulation, cybersecurity at the age of cryptocurrencies, and the application of distributed ledger technology in various business niches.
The second block will tell the audience about secrets of successful investments, features of IEO projects, stablecoin future, and use of cryptocurrencies in gambling.  

Exhibitors will present new technological solutions for the blockchain sector. The demo zone will bring together representatives of blockchain and trading companies, startupers, cryptocurrency exchange owners, investment funds, and many other participants. It will become a platform where everyone will be able to present their projects, examine advanced solutions, find new partners and customers.   

Participation in Blockchain Conference Moscow means:

  • receiving insider information from the blockchain and cryptocurrency world;
  • discovering about new tools for business promotion;
  • introducing yourself and finding investors to support your ideas.

The event is organized by Smile-Expo, an international company holding specialized ?2? and ?2? events across the globe. Save the date and hurry up to buy a ticket at the best price. 

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

https://bitcoingarden.org/blockchain-conference-moscow-new-concept-relevant-topics-and-insider-information/

Chris Corey

Is Bitcoin Going to replace the Fed as the World’s Financial Policeman?

Is Bitcoin Going to replace the Fed as the World’s Financial Policeman?
                              

 

The US Government is worried sick.

Their mighty Fed might actually be “not so mighty” after all. The once all-powerful Federal Reserve which created the American version of everything under the sun has one thorn under its big toe: Bitcoin! The whole world (except Countries such as North Korea and Iran) has been ruled, controlled and some time or the other bullied by the Fed or its members: Big Banking.

The Good Old Days 

All the US Government had to do to ease itself out of an economic recession was to print more money. The Fed’s control of the American money press is what has made the beloved Dollar to be the World’s reserve currency of choice. The ease with which commerce has moved over the past Century has made everyone to trust the American Government and its central bank with their money. So much so that through investments in US Treasury Bills which are just about the safest investment, such countries have been able to balance their budgets through the inflows generated. This has created the “Pax-Americana” from where American Power is derived and used the World over. The Bankers at the Fed have been looking for ways to keep this gilded age going. That, however, is going to be hard to do in an age where Blockchain technology has already taken root!

The New Global Century

Bitcoin as the leader of the crypto-family has proven itself over and over again! The guys at the Fed this time are losing their cool. Fed Chair Jerome Powell made some recent comments on Bitcoin during his testimony before US lawmakers recently. The St. Louis Reserve President James Ballard’s recent comments during a presentation also indicated that they already know that Bitcoin is coming to upset things! There isn’t much they can do about it anyway! Other Countries are also beginning to lose their confidence in the Fed, Gold and other noteworthy assets which we all thought were “it”.

Recently, Bulgaria’s Bitcoin Stash surpassed its Gold holdings in value. The 200,000 Bitcoins seized two years ago today are worth more than the Gold reserves of the Eastern European Country. Of Course, plausible deniability gives room for speculation as to who is in charge of the Bitcoins seized but public ledger systems are open for inspection! This goes to show that cryptocurrencies are the next form of money and assets as the World’s money reserves. Cashflows would no longer be controlled and influenced by central entities. Yes, the old order would remain but will fizzle out with time. It’s just the same way, steam engines got replaced by petrol and diesel engines. Once the dominoes start to fall in place, the Fed will no longer have the power it once had. At least not centrally.

Survivalist Instincts of the Fed

If the Fed wants to keep its relevance, it has to either find a way to hack Bitcoin (which is virtually impossible) or to create Bitcoin’s competitor which will still defeat its aims. So, it’s either everyone jumps on the Crypto Bus with Bitcoin leading the way or those who want to be left behind should stay off the bus! So yes! Bitcoin is going to replace the Fed as the World’s Financial Policeman but with everyone making their own rules! Welcome to the age of monetary independence!

Disclaimer: Articles on this platform are not written for financial purpose. They are written to educate and inform you of happenings in the cryptocurrency space. Please do personal research before investing in any cryptocurrency because they are generally volatile. In the course of trading, you may lose your fund. Contact financial experts for advice on crypto trading.

Article Produced By
Christopher Hamman

Christopher is a Freelance content developer, Crypto-Enthusiast and tech-savvy individual. He is also a Superstar Content Developer, Strategy Demigod, and Standup Guy.

https://todaysgazette.com/is-bitcoin-going-to-replace-the-fed-as-the-worlds-financial-policeman/

Chris Corey

TradingView: 30 of Audience Extremely Engaged With Crypto As Popular As Forex

TradingView: 30% of Audience “Extremely Engaged” With Crypto, As Popular As Forex

Cryptocurrencies are as popular as Forex with TradingView users, with 30% of its total audience working with cryptos each day.

                                

 

Data has emerged, showing that 30% of TradingView’s audience

are using the platform for cryptocurrency analysis on a daily basis, which is on-par with Forex. And over time, almost all TradingView users show an interest in crypto. The findings are significant as data from TradingView, with its 8.2 million active users visiting from more than 100 countries, provides an excellent overview of the popularity of financial markets, particularly among retail traders.

Crypto Data Made Public at TradersEXPO Chicago

A presentation by Pierce Crosby from TradingView GM Americas at the TradersEXPO Chicago included a slide containing information on “Bitcoin Traders.” A photo of the presentation slide was published on Twitter by Tuur Demeester, a Founding Partner at Adamant Capital. The image shows that TradingView had around 2.5 million ‘Bitcoin traders’ use its platform in June 2019, which is roughly 30% of its 8.2 million average monthly users. At its peak in January 2018, TradingView had around 5 million ‘Bitcoin traders’ visit the platform. The text on

the presentation image reads:

“Since our launch of crypto coverage in 2017, more than 5 million monthly users have utilized our product to get realtime charts and data for Bitcoin. They are extremely engaged and check-in more than 7 times per day.”

Crypto and Forex Are Most Popular on TradingView

For further information and to verify the image published on Twitter, I reached out to Rauan Khassan, Vice President, International Growth at TradingView. When asked if there was more interest in crypto than any other market on TradingView,

he replied:

“This was the case from Dec’17 to Jan’18. But for now the audience is balanced with 30% Forex (historically the strongest category since we added FX trading partners to the platform at an earlier stage); 30% crypto, 25% stocks/futures, and the remaining 15% refer to commodities, CFDs, and economy data.”

When asked if crypto traders on TradingView also follow other financial markets,

Khassan replied:

“The absolute majority of traders are following multiple markets, i.e. crypto + US stocks, or FX + commodities. Given crypto’s volatility and regular spotlight in media coverage, most platform users refer to it over time. 30% of the total audience is working with crypto on a daily basis.”

This point was echoed yesterday by Thomas Lee, the Fundstrat Co-founder and prominent Bitcoin bull, who stated that he uses TradingView’s charting tools for multiple financial markets.

Article Produced By
Thomas Lee

I am a HUGE fan of @tradingview. And they also have great charting tools for regular equities as well

https://blokt.com/news/tradingview-30-of-audience-extremely-engaged-with-crypto-as-popular-as-forex

 

Chris Corey

EU and US Crypto Regulations Show a Stark Contrast

EU and US Crypto Regulations Show a Stark Contrast

Facebook's decision to enter into the realm of financial services spurred lawmakers around the world into action, necessitating a discussion of EU and US crypto regulations, which are very different from each other.

                              

Following the announcement by social media giant Facebook

that it plans to launch its own cryptocurrency by 2020, U.S. President Donald Trump felt compelled to voice his feelings regarding Bitcoin and cryptocurrencies.

In a recent tweet, the president said he is "not a fan of Bitcoin" and that its value is "based on thin air". Continuing, he stated that if big tech companies like Facebook wish to launch cryptocurrencies they must first follow proper regulations to "become a bank." Initially, the cryptocurrency market was not negatively affected by the news but further comments from U.S. Federal Reserve Chairman Jerome Powell resulted in a 10 percent loss on the markets. The comments and ensuing furor within the cryptocurrency community highlight the stark differences between cryptocurrency regulations in the European Union and the United States.

Different methods of interpreting the law

The main difference stems from the legislation that is already in place in the two markets. The EU's relatively new and far more complex system requires a decision process that encompasses several sovereign nation-states, whereas the U.S. benefits from pre-ordained legislation going back centuries that clearly defines the process between state and federal decision making.

Due to the U.S. operating on a 'common law' system, cases are dealt with independently and often rely heavily on a final ruling from a single judge. For this reason, many small crypto-related projects have received penalties from the U.S. Securities and Exchange Commission (SEC) over the years for not properly following regulatory measures. In the EU, no such fines have been imposed as the process of developing a regulatory framework must be established first – and that could take years. In the meantime, rather than simply issue fines, the EU is providing constructive advice to banks and financial institutions on how best to

deal with cryptocurrencies.

“The European Commission and European parliament have set up the EU blockchain observatory and Forum to map the blockchain initiatives going on in Europe and to gather inputs for the European Commission on regulatory issues like smart contracts, ICOs, and secondary markets", said Peteris Zilgalvis, head of startups and innovation at the European Commission, in an interview with Forbes magazine last year.

EU Regulations Viewed More Favorably

Alex Alexandrov is the CEO of Coinpayments, one of the largest and most diverse crypto payment platforms available today, and founder of the Velas AI-enhanced blockchain network. He believes the EU provides a better regulatory environment

for cryptocurrencies.

“EU, in my opinion, is farther ahead in crypto laws and has created a much better environment for banking and regulations. USA tends to focus more on punishment vs guidelines, while the EU is working toward allowing businesses to feel they are wanted and working with new industries in a much clearer way," he says.

Most recently, the EU nation of France has begun to improve its regulatory environment with the approval of several crypto-related projects by its financial watchdog the Financial Markets Authority. “We are in talks with three or four candidates for initial coin offerings”, said FMA executive director of legal affairs Anne Marechal, speaking to Reuters. “We will have a legal, tax and regulatory framework.” The move aligns it more closely with other crypto-positive European nations like Switzerland and Malta, both of which have been key in helping to promoting blockchain technology in the EU. These benefits prompted Alexandrov to base his new blockchain venture, Velas, in the Swiss canton of Zug –

often referred to as 'Crypto Valley'.

"This is one of the reasons why my newest venture Velas or Virtual Expanding Learning Autonomous System, is based in Zug, Switzerland," he said, although he admits that the U.S. does lead the sector in technological development. “USA still harbors tremendous talent and is generally on the cutting edge when it comes to innovation in the tech space.”

Conclusion

While a positive attitude towards growing and developing the industry is necessary, proper regulations are also required in order to ensure the safety of customers. Currently, blockchain companies can operate largely without restriction in the EU and elsewhere, often putting consumers at significant financial risk. Facebook's decision to launch a cryptocurrency attracted understandable concern due to the company’s prior bad record in securing customer data. With a user base of its size, systemic failures could result in drastic knock-on effects for the global economy. As the crypto space grows and develops, government agencies need to work alongside blockchain firms in order to establish a safe working environment for all.

Article Produced By
Aubrey Hansen

Aubrey is a Freelance cryptocurrency & blockchain Journalist as she says:

I'm a freelance journalist from Denmark, spending my time traveling between Denmark and the UK. For years writing has been my passion, and since 2015 I've been interested in the crypto and blockchain space. Over the past few years I've contributed opinions on the markets, the future of the industry and analysis to publications such as:

The Australian National Review, Irish Tech News, Crowdfund Insider, Banking Technology, Blockchain News, Cryptocurrency News, CryptoDaily

I'm always open to hearing from the innovators who are behind the next up & coming company looking to disrupt their respective industry, so feel free to drop me a line and let me know what you're up to!

https://cryptovest.com/features/eu-and-us-crypto-regulations-show-a-stark-contrast/

Chris Corey

Justin Sun Rubbishes Claims by Media House That TRON is Involved in Illegal Fundraising

Justin Sun Rubbishes Claims by Media House That TRON is Involved in Illegal Fundraising

TRON and its founder, Justin Sun, have landed in fresh controversy

after a business media outlet based out of China accused the latter of illegally raising funds why the crypto project. Accusations have come just a few hours after Tron Foundation announced the postponement of the much-awaited high profile lunch with billionaire investor Warren Buffett which was scheduled on 25th July, after a Sun had to be admitted in an emergency for kidney stones.

The business media house has accused that Sun carried out illegal gambling services for Chinese residents using TRON and also alleged that he was currently in China itself. The media also accused that Sun’s previous creation Peiwo, a social media app reminiscent of Snapchat, was engaged in the pornography business.

Sun wasted no time in rubbishing the claim and took to Weibo, the Chinese microblogging website, to respond. He stated that the claims of illegal fundraising via gambling on TRON are false, as the network retired the gambling dapps in China on September 20, 2017, soon after the regulatory bodies in the country issued stricter regulations for online gambling. Regarding the accusations against Peiwo App, he stated that it was based on the decentralized Wave protocol, which is open to all.

He further added,

The Wave foundation acts as the initiator of the agreement and resolutely opposes the use of the Internet open-source agreement to engage in illegal activities. At the same time, it also calls on application developers to comply with the laws and regulations of various countries.

However, Sun did not decline the claim that he was in mainland China and did not even address it. If he is indeed in China, the fact that he responded so quickly, despite being in “kidney stone pain,” will definitely raise some eyebrows, though.

Article Produced By
Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

https://www.cryptonewsz.com/justin-sun-rubbishes-claims-by-media-house-that-tron-is-involved-in-illegal-fundraising/32886/

Chris Corey

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Chris Corey

Low Effort Bitcoin Cash Ponzi Alert: BitcoinCashTradingLimited

Low Effort Bitcoin Cash Ponzi Alert: BitcoinCashTradingLimited

It has become increasingly easy to spot cryptocurrency-related websites

which are a front for a scam. In the case of BitcoinCashTradingLimited, it is not hard to see what is going on exactly. Anyone investing in this company will lose their money, as there are far too many red flags to ignore. 

It’s a Fake Company

Even though BitcoinCashTradingLimited has been a registered domain name since July of 2018, it seems the domain will expire in just a few days from today. Even so, no one has seemingly heard of this platform in the past twelve months, primarily because most people can spot a scam from miles away when details are so blatant. There is also no registered entity associated with this website, nor a company registration number of any kind.

Targeting Bitcoin Cash Users

While one has to give credit to these scammers for targeting Bitcoin Cash supporters instead of focusing on just Bitcoin, it seems unlikely that this decision will help matters much. Bitcoin Cash does not have the biggest community, and most of its members are all too familiar with cryptocurrency scams. As such, it seems unlikely anyone has lost money because of this website, but one can never be too cautious. 

Fictitious Investment Plans

It is rather evident most of the HYIP Ponzi Schemes in the cryptocurrency industry follow a very straight forward approach. BitcoinCashTradingLimited is no different, as its projected returns are simply impossible to sustain. Ranging from 5% after one day to 100% profit after 30 days, no one should even remotely consider this offering to be genuine. Even the 2% daily for 12 days plan is impossible to guarantee, as cryptocurrency markets never allowed for guaranteed returns. More importantly, the company does not explain how the money is expected to be generated. While it is obvious they will only pay out as long as new deposits keep coming in, it is safe to assume the funds will dry up sooner rather than later. Their claims of “constant progression” and “friendly support” don’t mean much when they are planning to take one’s money sooner rather than later.

Lots of Confusing Information

Despite the website focusing on Bitcoin Cash, their main page makes multiple mentions of how to invest with Litecoin, which is also a  supported currency. Users will also allegedly earn 1% daily for the lifetime of their account, even though the investment plans state something else entirely. It seems little work has been put into updating this template to suit the site owners’ needs, for some unknown reason. To make matters worse, the site name – BitcoinCashTradingLimited – is used alongside Traders.com, and TradersLimited.com. As such, no one knows for sure who is pulling the strings until the domain name expires. Its acceptance of Perfect Money, Payeer, and Ethereum – despite using the Ethereum Classic logo – only add more confusion. This is clearly an unprofessional website which should not be trusted with one’s finances.

Article Produced By
JP Buntinx

https://themerkle.com/low-effort-bitcoin-cash-ponzi-alert-bitcoincashtradinglimited/

Chris Corey

The Differences Between Trading Forex and Trading Cryptocurrency

The Differences Between Trading Forex and Trading Cryptocurrency

                                

Trading forex and trading cryptocurrency isn’t en either/or option.

Many traders like to do both simultaneously or switch back and forth as market conditions make one or the other more conducive to the kind of trading they enjoy. At the same time, there are those who would argue that the differences between cryptocurrencies and those traded on the foreign exchange markets are so great that you might as well compare trading in gold and buying and selling stocks and shares in tech companies.

The simple truth of the matter, however, is that forex and crypto trading are frequently conflated in the minds of traders, particularly those who don’t have as much experience of the markets. Success in one may lead a trader to dabble in the other, and any misunderstanding of the differences (as well as the similarities) between the two could lead to a disastrous trading strategy. The fact that both markets offer options such as leverage, CFDs, short term trading opportunities, longer term investment plans and arbitrage means that there is a good deal of overlap between the two, but they each offer opportunities and challenges which are completely unique.

Forex and Crypto

The most obvious difference between the two is that foreign currencies have been exchanged since as long ago as the 19th century, when the broad adoption of the gold standard set a yardstick against which the strength and weakness of a currency could be measured.  In the early days of forex trades of this kind involved physical currency, but since the late 20th and early 21st century the forex market place has been fully digital in nature, something which played a huge part in opening it up to a global army of retail investors. 

The biggest leap forward in the exchange of currencies following the creation of the digital market place came in 2009, with the launch of bitcoin, the first of the cryptocurrencies. A cryptocurrency is a form of digital money. It facilitates extremely fast, seamless transactions between parties, with no third party being involved. Because of this, the control stays completely in the hands of the person using the cryptocurrency, and they maintain complete privacy. It also means that there is no central bank, provider or government able to assert (or try to assert) control over the value of the cryptocurrency, something which makes them prone to more volatility than traditional currencies.  

This volatility is one of the clearest differences between trading forex and crypto, since it makes trading crypto more appealing in some ways but riskier in others. A huge single day shift in the value of bitcoin, for example, could earn a trader a massive amount of profit, or it could wipe out everything they have invested. The shifts in traditional currencies, on the other hand, tend to be smaller, which is why higher leverage plays such an important part in forex trading. Many of the differences between the two can be traced back to the huge disparity in the size of the respective market places. Put simply, the forex market is the biggest in the world, handling an average of more than $5 trillion in trades every single day.   The cryptocurrency market, on the other hand, is predicted to reach an overall full market value of $1.40 billion by 2024. What the size of the forex market means is that it offers a degree of liquidity, depth and security which is pretty much unmatched anywhere else.

Accessibility

Both markets can be accessed via a wide range of platforms, and any trader is strongly advised to carry out in-depth research into the platform they wish to use before actually investing any of their money. Once the right platform has been chosen, however, access is extremely quick and simple and cryptocurrency is actually slightly more accessible than forex. Forex can be accessed 24 hours a day, 5 days a week, with access limited or non-existent on the weekends. Crypto exchanges, on the other hand, can be accessed on a round the clock basis.  

Leverage

Leverage is a means via which the trader can multiply the amount they invest in a currency by, in effect, borrowing capital from the broker. A leverage of 50:1, for example, means that a trader can invest £50 and, on the strength of that investment, take up positions worth £2,500. This greatly increases the size of the profit that can be made, although it has a similar effect on the risk of any losses. Leverage as high as 500:1 can be available for forex trades, whereas the same is not true of the vast majority of cryptocurrency trades. Following the introduction of new rules by ESMA (the European Securities Markets Authority), the maximum leverage which can be offered on cryptocurrency CFDs, for example, is now 2:1 throughout Europe, with national regulators taking it in turns to follow suit.  

Risk

The risk factor inherent in both forms of trading is linked directly to the volatility of the respective markets. The fact that cryptocurrencies aren’t linked to a central provider makes them more volatile than traditional currencies. On one day in 2019, for example, the value of bitcoin slumped by 13.25%, and this was only the second biggest drop of the year. You simply don’t see this kind of dramatic movement in the forex markets. Having said that, the liquidity of the forex markets makes it easier to quickly get your hands on any profit you may have made, without the issue of having to decide whether to turn a crypto currency into a standard currency, and waiting for that to be facilitated.

Complexity

New digital currencies are constantly being launched to compete with the existing big names like bitcoin and Ethereum. Predicting which will be successful, and therefore worth trading in, is incredibly difficult, and makes any investment a long term and potentially stressful process. Forex markets, on the other hand, are based around stable and established currencies, and the art of predicting how these currencies will shift can be based on a combination of historical precedent and an analysis of the current economic and geo-political situation. Choosing whether to trade in cryptocurrencies or forex will depend upon the amount of capital you wish to invest, your appetite for risk and the type of strategy you wish to pursue. For many investors, the answer is to split their activity between the two, spreading the risk and doubling the opportunities for success.   

Article Produced By
Torsten Hartmann

Torsten has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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Chris Corey