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Join the Bitcoin HODL gang, why you should HODL your Bitcoins and not sell them

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Bitcoin Hodl gang: Therefore holding on to our investments in this field is preferred or simple Hodl. HODL your Bitcoins and cryptocurrencies.

Join the Bitcoin HODL gang

The cryptocurrency community has undoubtedly brewed a number of different disciplines which the industry is witnessing. The Blockchain Technology is also competing to find its way in order to thrive in this highly competitive world. The cryptocurrency market consists of over more than 1500 variety of cryptocurrencies. Various Investors, as well as traders in the market, are finding it difficult to assess a particular cryptocurrency coin. The rampant thefts of the cryptocurrency due to the hacks and scams have left a tinge of speculation within the cryptocurrency community throughout the world. Join the Bitcoin HODL gang and hold your cryptos and bitcoins.

The cryptocurrencies are mostly considered as an investment asset rather than being considered as a currency. It is one of the very first kinds of currency which is able to surpass the centralized financial authorities by decentralization. This might be one of the most prominent reasons why it is considered an asset because the people believe that this new technology will see a lot of embracement in the future.

 

HODL your Bitcoins (Bitcoin HODL Gang)

The investments done in the cryptocurrency sector carries a lot if speculations during to the unregulated market as well as the higher volatility. The cryptocurrency market is not mature enough when compared to the traditional stock market. It is, even now considered to be in a nascent stage. There is a belief in the stock market that when the market is bearish then it is the right time to invest in, and a similar analogy exists in the crypto market and the term is referred to as Hodl. If the market price of any particular commodity is low, then higher profits can be expected out of it.

Also, the cryptocurrencies can be considered relatable to Gold. Due to the fixed market capitalization, the cryptocurrency community is sure to increase its value in the future. As everything takes time the cryptocurrency market also needs some time to reach levels of the traditional stock market. As it has also been proved that the decentralized concept behind the cryptocurrencies is the main reason because of its widespread adoption. Hence, it will undoubtedly surpass the older Centralised Financial system. In the Centralized Financial system, if the economy breaks down, then huge amounts of currency is created and in order to mitigate the problem which leads to the devaluation of the currency. But this is not exactly in the case of cryptocurrencies, as huge amounts of computing power and electricity are required to mine any particular cryptocurrency.

 

Bitcoin Hodl gang

Therefore holding on to our investments in this field is preferred or simple Hodl. This can be supported by the fact that the due to the limited supply of the cryptocurrencies, its market value with always steadily keep increasing with time. This has made the investors as well as traders tuned towards the industry. All the Hodlers may hence join the Bitcoin Hodl gang.

In fact, the fall of the cryptocurrency market at the beginning of 2018 should be considered as an opportunity to invest in the cryptocurrency and hence profit from it. According to some experts, it is even believed that when a cryptocurrency coin experience a 20- 30% of an increase in value, it indicates that the coin is gaining momentum and hence one must hold on to their investments. This is evident from the fact that even Bitcoin experienced a number of downfalls before reaching an all-time high of $20,000.

After all, it only depends on the investor’s decision. If the whole cryptocurrency community experiences a tragic event or a disaster, then no one is to be blamed. Everything that any financial expert or a professional predicts, almost never happens accordingly. Hence one must have a very clear sense of responsibility for their investments and must keep updating themselves regularly with the news regarding the cryptocurrency coin which they have invested in. The cryptocurrency coins are one of the most successful in the field which has globalized the economy. Bitcoin being the first one along the line, definitely has the first movers advantage and despite its scalability issues it would continue to grow on unprecedented scales.

#Exchange

Mt Gox: Has the time come when Mt.Gox Creditors will be paid?

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As reported by the Mt Gox trustee, They still have 141,000 BTC and 142,000 BCH and the trustee seems to be taking charge to return the funds to the victims.

The small cryptocurrency community back then was in shock when the biggest bitcoin exchange Mt Gox (at that time) was hacked and around 850,000 BTC were stolen which were worth around $450 million back then and around $3.4 billion according to today’s price. Years have passed since the incident, however, only a few the victims have received their share and most of them are still waiting for their lost funds.

 

Mt Gox to credit victims?

As reported by Nobuaki Kobayashi, the Mt Gox trustee, Mt Gox still has more than 141,000 Bitcoin and 142,000 Bitcoin Cash and the trustee seems to be taking charge to return the following funds to the victims. The victims were super excited to hear this and Twitter seems to be full of tweets claiming that the exchange has finally made its decision of returning the lost funds to the victims.


However, it is worth noting that Mt Gox might have more than $631 million worth of Bitcoin and Bitcoin Cash, the number of funds to be compensated are likely much more than this amount. The other documents on the website claim that the victims shall be sent a notification regarding the approval or disapproval of their claims based upon their type of filing (online or email).

 

Nobuaki Kobayashi said that after a few days, the Rehabilitation Trustee of Mt Gox will be announcing the results of the claims filed by the victims. The result will showcase whether or not their claims have been accepted.

 

Missed the deadline?

If you are one of the victims and you’ve somehow missed submitting your claim, you can still download the claim form from the Mt Gox website. However, if these claims made after the deadline shall be accepted for refunds will be decided by the court.

 

Is there any timeline for the claims?

According to Nobuaki Kobayashi. he will contact the victims soon. So there is no specific timeline as to when the funds will return to the victims. However, it is still great news for the people who have been waiting for over 5 years and they are surely happy about the fact that they will soon be compensated.

 

Cryptocurrency investors are now wondering how will this affect the bitcoin price? What do you think? Tell us in the comments section below.

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#Bitcoin

Cryptocurrency Price Analysis: Great Week for the top 10

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The current week has proved to be quite amazing for the cryptocurrency market as all major coins are holding green. The total cryptocurrency market rose by around $1.5 billion yesterday night with the price of bitcoin reaching $4100.

 

Bitcoin:

BTCUSD Price Chart

BTC/USD Weekly Price Chart

Bitcoin broke the $4000 resistance level on 17th March and has been over this range since then. Bitcoin has turned the previous resistance into strong support now and has moved upwards slowly currently trading around $4120 (according to Bitfinex chart) with around 1% increase in the last 24 hours. If bitcoin is able to maintain its position above $4100 range for long, it might soon move ahead towards the major long term resistances such as $4500 and $4600.

 

Altcoins:

ETHUSD Weekly Chart

ETH/USD Weekly Chart

Ethereum also saw a nice bullish momentum this week after reaching the highest point of $143. Currently, Ethereum is trading nicely around $140 and is experiencing a few dips while trying to move upwards.

Unlike other top 10 coins, Ripple market is experiencing volatility from the last week but the momentum is still quite bullish.

LTCUSD Weekly Chart

LTCUSD Weekly Chart

Litecoin has been following trends and is steadily trading around $60 from the start of the week. Litecoin has increased more than 1.67% in the last 24 hours which makes it the best performing crypto of the day (in comparison with the top 10 cryptos according to market capitalization). LTC is currently trading around $61 (according to Bitfinex chart).

 

The overall cryptocurrency market is in a bullish momentum with sings of further gains. After a long bearish trend, cryptocurrency analysts are now believing that the bull market might be coming soon.

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#Bitcoin Price Analysis

Bitcoin Price to $4500 soon? BTC Price Analysis

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Bitcoin price moved above $4000 yesterday and currently trading around $4100. The buyers are trying again to break through the strong resistance at $4200.

Technical Indicators:

Support Level: $3900

Resistance Levels: $4100, $4200

 

Bitcoin Price Analysis:

On the hourly chart, bitcoin price has been quite bullish since last week when it reached a high point of $4160. However, bitcoin was not able to break through the resistance around this range. Again bitcoin started a bullish momentum on 18th March and reached up to $4120 before but started to correct downwards later. It went below $4000 support level.

Bitcoin price moved above $4000 yesterday and currently trading around $4100. The buyers are trying again to break through the strong resistance that is formed between $4100 and $4200. If the current resistance is broken, there are chances that bitcoin could spike up to $4500 in the short term. The current momentum surely signals a ‘buy’ time. However, if bitcoin is not able to break through this resistance for long, it could result in BTC price falling back below $4000 and even $3900 range and turn bearish.

BTCUSD Hourly Chart

BTCUSD Hourly Chart

Last week, bitcoin tested the $4200 resistance but failed to break through. The sellers pushed the price down to $3832. Later, buyers were able to start a fresh bullish momentum and moved the price above the 12-day exponential moving average which was turned into support. Bitcoin moved above $4000 and the buyers are currently moving ahead to fight the sellers at $4200 resistance level.

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