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Is Bitcoin bubble about to burst?

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Expert take on Bitcoin bubble burst.

Let us understand some of the factors that are contributing to the Bitcoin bubble burst

The decentralized Crypto market was initiated in the year 2009. Ever since then the crypto market has been very fluctuating. The fluctuations can span up to thousands of dollars within just a few hours. The Bitcoin market is hence said to be volatile in nature due to the low market capitalization. The traditional stock market trades around trillions of dollars per day but the cryptocurrency market trades only a maximum of billion dollars per day.

The year 2018, is not proving to be very lenient for the cryptocurrencies as many of them are experiencing a bearish trend apart from a handful of them. Even for bitcoin, the market has been very bad with the current price around $6563 fallen to almost one-third of its all-time high of 2017 of about $19,511.

Immediately post its record high, it almost fell to half of the value due to the negative news by the US initiating a regulated feature for the cryptocurrencies. Following which the crypto space experienced a number of subsequent threats by the regulators of various countries like China, South Korea, including India.

The hack of the Japanese Exchange, Coincheck where it lost almost $500 million worth of Bitcoins. Followed by the cryptocurrency ad ban by the popular social media website Facebook. A few weeks after the theft at the cryptocurrency exchange, Coincheck the Japanese authorities raided their offices in order to confiscate their computers and documents as evidence.

The Bitcoin scalability issue is the most popular one and also the amount of electricity required for mining the Bitcoin is increasing at a rapid rate.

The asset manager’s head of global economics and strategy, Stefan Hofrichter is of the opinion that  Bitcoin as an asset as well as a currency has very serious flaws which might be the precise reason for the Bitcoin bubble to burst. He continues to say that Bitcoin does not have any intrinsic value because it is not backed up by any form of asset and hence does not generate any income.

Hofrichter, from a perspective of an environmentalist working for a social cause, even added the fact that the cryptocurrency production requires a huge amount of electricity which is not viable.

However, like much other business analyst and experts, even Hofrichter agrees that the underlying Blockchain Technology has a lot more impact than the cryptocurrency Bitcoin.

Expert take on Bitcoin bubble burst

Many experts even believe that though Bitcoin is presumed to replace Dollar and Euro in just a single day, the value if the cryptocurrency is not actually driven by any strategic worldviews but only by the belief that the crypto enthusiasts have in it.

According to them, all these factors are the signs that the Bitcoin bubble is about to burst. The burst may be triggered by any other hacking attempts or any serious regulations bought into the cryptocurrency market by the financial regulators throughout the world.

According to some of the financial experts at Capital Economics, even if the Bitcoin Bubble bursts and there is a complete breakdown of the cryptocurrency market, the actual financial market would not be affected that much, as the number of investments in the cryptocurrency space is relative less, due to the fact that many institutional investors have not invested in the cryptocurrencies yet.

They even pointed out at the other applications of the blockchain technology apart from the finance and banking sector. They made it very clear that even if the cryptocurrencies failed the blockchain technology will last because it has potential to find its application in various other domains such as in electoral process, Healthcare industry, supply chain management, and many more.

The Chief financial regulator of South Korea,  where almost 15% percent of the daily transactions of the Bitcoin world takes place informed the MPs of Seoul that the government was planning to shut down all the virtual cryptocurrency exchanges. The thought was actually initiated by the Justice Minister of the country. Following which the Financial regulators of  Russia, as well as the Chinese government, have hinted to follow the footsteps of South Korea.

All these incidents cumulatively added up to the reason for the fall of the Bitcoin market. Also, there are a number of inherent flaws that exist in the current Bitcoin blockchain network protocol.

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Bitcoin

Switzerland and cryptocurrencies

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Here are insights about the cryptocurrency scenario in Switzerland

The wealth management industry has always found itself as a major darling in Switzerland. Housing about 27% of the global offshore wealth, Switzerland has always been a sort of money hub of the world. Owing to their wonderful financial market, it is hardly a surprise to see them flourishing on the digital currency front too. The world has been very harsh towards digital currencies and several countries, even till date, have been apprehensive about them. However, Switzerland was one of the first countries to adopt digital currencies and the flourishing ICO (Initial Coin Offering – an unregulated means to raise funds for new cryptocurrency ventures) market is helping Switzerland accelerate fast towards the status of a ‘Crypto Nation’. It’s great involvement in the subject matter and quick moves in this fintech industry has brought Switzerland at the epicentre of cryptocurrency revolution.

 

Here are a few insights about the cryptocurrency scenario in Switzerland:

 

  1. Switzerland is fasting emerging as an ICO hub and this flourishment is largely owed to the great variety of rich investors and technical specialists, something that has always been Switzerland’s strong point. Economic experts and big financial players believe that Switzerland would be one of the strongest value holding contender in the future when digital currency becomes more mainstream.

  2. Not just digital currencies, Switzerland is also emerging as a great ecosystem for blockchains and other distributed ledger technologies. With the recent the implementation of forward-looking regulation by the Swiss Financial Market Supervisory Authority, Oliver Bussmann, the founder of the Crypto Valley Association said, ‘Switzerland is emerging as one of the world’s leading ecosystems for crypto, Blockchain, and distributed ledger technologies’.

  3. The First Bitcoin ATM was set up in Zurich four years ago in 2014. Moreover, the Swiss national rail company has since 2016, been providing the possibility of purchasing Bitcoins at over 1,000 distributors across the country.

  4. Zug, a small town a little while away from Zurich, has always been an economic hub owing to large investment firms, pharmaceutical companies and commodity trading groups. This place has unofficially become “Crypto Valley”, set up in 2013 their explicit aim is to draw startups dabbling in virtual currency technologies.

  5. Zug’s Crypto Valley claims to be receiving 5 – 10 queries per day from startups that work in the blockchain and digital currency sector. To flourish and increase the popularity of digital currency and educate the people about how it can be used for practical purposes too,  Zug started accepting in 2016, Bitcoins as a legal payment mode for council services.

  6. According to the Swiss financial watchdog Finma, out of the world’s six biggest Initial Coin Offerings (ICOs) last year, four took place in Switzerland.

  7. The foundation of the second largest digital currency platform after Bitcoin, Ethereum, along with almost 200 other blockchain based companies is all credited to the land of Switzerland.

  8. There has been a lot of healthy competition in Switzerland for further advancement of digital currencies. Accordingly, the southern Italian speaking Swiss town of Chiasso, has been in healthy competition with Zug so as to establish itself as a “CryptoPolis”. It has started accepting bitcoin payments for some taxes.

  9. Finma recently warned people against the threats of money laundering in digital currencies stating that, ‘in a decentralised blockchain-based system, in which assets can be transferred anonymously and without any regulated intermediaries.’ Owing to the sharp increase in the number of ICOs in Switzerland, regulators outlined regulation guidelines for these fundraising schemes saying, ‘Creating transparency at this time is important given the dynamic market and the high level of demand’.

  10. Vontobel, one of Switzerland’s largest banks, created the first structured bitcoin product which is basically a tracker that lets an investor not to actually purchase any digital currency directly but to make an investment in its shifting value. Despite the involvement of some big names in the crypto pool, there still are several big names like UBS and Credit Swisse who have decided to keep their distance since they do not consider it valuable or sustainable in the long run.

  11. Falcon Private Bank, a Swiss private banking boutique headquartered in Zurich, has offered asset management services for a huge range of digital currencies (including bitcoin and ethereum).

  12. Switzerland’s openness to business innovation is another huge reason why it has been so successful on the digital currency front. Martin Eckert at MME has mentioned and applauded Swiss regulators to be one of the few ones who actually have good and deep understanding of the subject matter i.e. of the underlying technology and its complete working.

  13. The Internal Revenue Service, Criminal Investigation, deals with potential criminal infringements. Its Editor in Chief, Don Front, recently made a statement to Bloomberg News stating that is is possible for people with ill will to try and use these digital currencies in a way similar to Swiss accounts which would help them evade taxes. Accordingly, the IRS-CI has recently set up a team of special agents that would be investigating and providing proof of whether or not these digital currencies are being used to cheat the tax authority.

  14. 2017 was a big year for Swiss based ICOs. In the whole year, these ICOs raised about $550 million in funding. This makes up for almost 14% of the global ICO market, which stands at around $4 billion. The Zug based company, Tezos ICO raised around $232 million in July 2017.

  15. Switzerland’s approach to the entire digital currency market has been described as pragmatic by some and opportunistic to a certain extent by a few people. Kari Larsen, an attorney at Reed Smith in New York, has international experience in managing global commercial and legal risks. She reportedly stated that simply welcoming without looking where the consumer and market appropriate is rather a short sighted approach by Switzerland since it could soon face competition from places like Gibraltar which would eventually lead to damaging competition to attract ICOs.

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Top 10 Bitcoin Advertising Network Platforms

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Popular Bitcoin Advertising Networks

Best Bitcoin Advertising networks as of 2018

Advertising can be considered as a form of providing an information to the people so that they are aware of the product or service they provide. In olden days people used to march around the whole village holding banners to advertise the product or a service to the people. But as days have passed by modern methods are used for advertisements. The current generation online and hence instant, therefore the advertising industry adapted to the situation in order to meet the requirements. A whole new spectrum of opportunities has evolved in the online marketing industry.

The cryptocurrency world is seeming very promising to many people and is hence trying to find out ways to earn them. Advertisements are one of the means to get them. If a person runs a website which is related in publishing the cryptocurrency related contents then if he ties up with an Advertising network then that company would pay him to show their ads on his webpage. In particular, if the website is related to Bitcoin then collaborating with a Bitcoin Advertising Network would be a preferred option. Some of the most popular Bitcoin Advertising Networks are listed below.

 

  1. A-ADS (ANONYMOUS ADS). It is regarded as one of the best in the field. As the cryptocurrencies and the Blockchain Technology aims at providing complete transparency and therefore privacy, the company seems to follow it’s footsteps and doesn’t track the personal data. It does so, by not allowing any cookies to be left on the visitor’s computer. They are one of the oldest Advertising Networks that still exist. It offers only Cost Per Click (CPC) and Cost per Thousand Impressions (CPM)  type of advertising models. They have no restriction on the type of website that they collaborate with is the minimum traffic limit that a particular website should have.

 

  1. Coinzilla.IO.  One of the most famous advertising networks along many other is COINZILLA.IO. The advertising network strives to provide the most relaxed and high-quality advertisements to its customers. The publisher has an advantage of fast website approval. Payment is done here only in Bitcoins. It is held for a period of seven days in order to avoid or check the fraudulent activity/clicks on the website. The minimum payout is around 0.001BTC with a fee levied upon it of 0.0001BTC. Here, the one of the requirement is that the website must be more than 3 months old.

 

  1. ADVERTI – INNOVATIVE Bitcoin Advertising Network. It is one of the most innovative Bitcoin advertising networks and it even claims that it provides more than 100 million impressions on websites on a monthly basis. It is one of the best advertising networks providing the highest revenue. It employs CPM advertising model. The payout can be in both USD as well as Bitcoins. A split up the option of the payout is also available. The company does not accept adult websites and also it must be at least three months old. They also support Paypal as the payment method.

 

  1. MELLOW ADS. They are also one of the leading Bitcoin Advertising Networks which specializes in providing banner advertisement as well as a pop-under advertisement models. An automatic payment system is available here and a 10% pay provided is provided for network campaigning. The website must have at least three months of history and a manageable Alexa ranking. The payment is done only in Bitcoins. This particular advertising network is very fast growing with almost 8.2 billion banner as well as pop-under ad Impressions within past 30 days.

 

  1. COINURL. It is one of the most popular organizations providing an URL shortening service. A URL shortener is nothing but a tool which is used to reduce the length of the uniform resource locator which redirects to the original page itself. However, it is also a Bitcoin advertising network. It provides a banner advertisement model where the publisher is paid using the Cost-per-click system. All kinds of websites are supported and the payment is done on a daily basis.

 

  1. Bitmedia.IO. It is currently supporting more than 4000 websites which deliver almost 3.6 million ad Impressions. The Advertising Network is best suited for crypto-related Niche websites. The payments are done on a daily basis with a minimum payout being 0.01 BTC. It specifically requires the websites which are cryptocurrency and Blockchain related. Websites with spams and auto-redirects would not be accepted.

 

  1. COINTRAFFIC. It is another Bitcoin advertising network which places its advertisements on its list of cryptocurrency and Bitcoin websites. It is estimated that the company imparts almost 3.6 billion impressions per month. The company supports websites without adult content. There must be 10000 unique visitors every month and hence it must be a top domain. It offers CPC and CPM based advertisements with no bonus for referrals.

 

  1. CoinAd.  This Bitcoin advertising network is very unique from all the other networks. It is unique in a way that they impose strict requirements for the websites and new publishers can get in touch with them only on an invite basis.  It is considered to be a privilege if one manages to collaborate with this particular Bitcoin advertising network. The publisher will gain enough profit if his website is of good quality and receives a lot of traffic. The payout is done on a weekly basis in Bitcoin or by using PayPal.

 

  1. Adbit. This advertising network is a part of BitRush. Here the various advertisers compete with each other and bidding is done for the ad space provided on your website. Hence the publisher can gain maximum profit out of his ad space provided. The payment is done instantly with every click which is done in the advertisement.
  2. Bittraffic. If the publisher’s website of a niche type then this service can effectively be applied in order to earn money. It can reach thousands of customers within a matter of few hours itself. The service is available worldwide. It provides CPM and CPC type of ad model. Payment is done in various cryptocurrencies.

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Coinnounce launches TradingSim, a 100% free crypto trading learning tool

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Coinnounce has launched TradingSim, which is a completely free crypto trading learning tool

Over years, amateur traders have always complained about having learned all the basics and workings of a digital currency platform and still could not make any profits and ended up losing their money even after months of researching and learning. This makes them want to give up even if they really want to work in this industry and reap some harvests of their own. It is for people like these that Coinnounce has launched TradingSim, which is a completely free crypto trading learning tool. It helps you simulate live trading conditions where one can practice and learn the nuances of trading before they actually invest their money on live trading platforms.

 

Who is it for?

This helps them to not just simulate live conditions but also learn trading techniques which they can utilize to gain profits when they actually start trading with their real money. Anyone from a hedge fund manager to a stay at home mom can try their hands at this crypto trading learning tool.

This helps traders not just beginners, but also advance level traders, to improve their trading skills without risking any real capital. This simulator can be accessed at any time of the day or night, as per the users’ convenience, and a part time trader can then practice after their regular job hours. This helps you develop your skill and start trading like a pro, where the learning takes place at your own pace. It accelerates the steep learning curve of becoming a consistently profitable trader.

 

Signing up and further

Signing up on this platform is really easy and quick. All you have to do is visit their site at this link and click on ‘Create a New Account’. You would be asked for your name, a valid Email ID, a unique password of your own which you would be asked to enter every time you wish to login onto the simulator, and then you would be asked to re enter the password for confirmation. Check the box next to ‘I agree to the terms of service’ and click ‘Let’s go’. And you can get started.

It does not require any additional downloads. It runs completely on your Internet browser. Once you hit on ‘Let’s go’, your account is activated and you would be walked through to setup your dashboard. You would first be asked to select the language you would like to use. After this, you would be asked to make a choice of the currency you would like to practise trading with. After you have made this choice, you would be asked to select 4 of your top choices in cryptocurrency. Choose your favorite 4 digital currencies from the long list of options available and you are all set up!

 

Features of TradingSim

The entire set up of the simulator is very simple, user interactive, and easy to use. There is a panel on the left hand side called ‘My Watching List’. You can also change the overall theme of the site between Dark or Light – depends on your personal choice.

Another thin vertical panel on the left hand side has several options like Board, Order Book, Market, Portfolio, Leader Board, Calculator, and News. The News option keeps you up to date about the most recent of news in the digital currency world, and the Order Book option can be used to look at your complete trading history.

The platform is so easy to use that you will be placing trades within minutes of creating an account without reading lengthy instruction manuals or how to guides. You practice account starts with a minimum balance of $5,000. Subsequent investments and profits keep bringing changes into this ledger.

You can also download the pushbullet app and integrate your two accounts so that you can receive notifications in your phone if you do not have continuous access to your laptop.

 

Indicators on TradingSim

The TradingSim platform offers several indicators using which you can evaluate your performance. These include Exponential Moving Average (EMA), Simple Moving Average (SMA), Bollinger Bands (BBands), Average True Range (ATR), MACD, Stochastic Oscillator, Relative Strength Index (RSI), Commodity Channel Index (CCI), Rate of Change (ROC), and the Average Directional Index (ADI).

This software would help you reduce your learning curve and grasp trading skills fast without having to suffer heavy capital losses in the real world live trading.

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