Are We Another Green Candle Away From Real FOMO?

After what I would describe as slow, sluggish and sideways movement over the last few weeks in the crypto space, are we really just another green candle away from FOMO back into the markets?
Crypto veteran and twitter enthusiast Ran Neuner was once again the center of hot debate as he leaped in on BLOCK TV Today with his thoughts;

“If we get another green candle in the next 24 to 48 hours then I think we are at the risk of a real FOMO kicking in…and if that happens then we could go well over $10,000 very quickly.” - @cryptomanran on #Bitcoin. Check out his full analysis at: https://t.co/hdi1zvW7SK pic.twitter.com/mHyJN9BGwZ
— BLOCKTV (@BLOCKTVnews) April 3, 2019
https://platform.twitter.com/widgets.jsBut after the tumultuous year experienced in 2018 with the bear market forcing so many investors out..
..can we really start becoming optimistic?
All remains to be seen!
The controversial tweet was met with a barrage of backlash, insinuating Ran Neuner was jumping wayyyyy ahead of the gun.
Twitter followers wasted no time weighing in with their opinions regarding the tweet;
“This guy has a track record of atrocious calls. Ignore”
“10K is not happening this month, and it shouldn’t. We should want a slow build up over the rest of 2019. A FOMO run that crashes won’t help BTC long term.”
“10K would make no sense right now, respectfully”
But do some of these tweeters have a point?
Have we been in such an extended bear market, that any bit of green would cause the market to turn ultra-bullish?
The sentiment I have gathered from Twitter today would be to edge on the side of caution For now.
Only a week ago Bitcoin was hovering around the $3900 and an impressive 34% gain in value would suggest we could potentially go higher. My reason for edging on the side of caution logically refers to the Bitcoin 6k level.
Bitcoin stubborn 6k ceiling or support floor?
For what provided the stability and support level for Bitcoin at the 6k level has now potentially become heavy resistance.
We continuously held at this level on multiple occasions before eventually crashing through to the lows of $3-4000.
In what I believe can bring many traders/investors attention back into the market would be to see a retest of Bitcoin at $6,000 and successfully test this region as support.
From there the sentiment and FOMO would increase once more leading many to believe the bear market is well and truly behind us.
Neuner ended his thoughts within this video by saying the following;
“Lets not forget, that the last time Bitcoin went from $5,000 to $10,000 it took 9 days.”
In all fairness, he does have a point.
If there’s anything to take from the market, expect the unexpected!
The post Are We Another Green Candle Away From Real FOMO? appeared first on ZyCrypto.
Source: zycrypto.com

SEC Takes a Historic Step as it Clears its Stance on Token Offering

2018 was all buzz about US SEC and its considerations of blockchain and cryptocurrencies, but nothing actually materialized nor there was any clarity on what the regulator looking at. But finally, the air has been cleared as SEC has released a Statement on “Framework for ‘Investment Contract’ Analysis of Digital Assets”
SEC explains how Howey test should apply to digital assets
Finally, the US regulator for securities and exchanges, the SEC, has issued its first ever letter that provides an insight to companies that are considering token offering for raising capital or thinking of an ICO.
The first of its kind “No-Action Letter,” was received by the company called TurnKey Jets(TKJ), which is a startup that offers an all-inclusive private jet service including the plane crew, and pilot. Interestingly, the company’s website has no mention of a crypto-token, which appears to play a role in the actual reservation of the services. The no-action letter includes six key points as specifically relates to TurnKey Jets giving the world the points which is considered to reach this decision. To quote from the letter

TKJ will not use any funds from Token sales to develop the TKJ Platform, Network, or App, and each of these will be fully developed and operational at the time any Tokens are sold;
The Tokens will be immediately usable for their intended functionality (purchasing air charter services) at the time they are sold;
TKJ will restrict transfers of Tokens to TKJ Wallets only, and not to wallets external to the Platform;
TKJ will sell Tokens at a price of one USD per Token throughout the life of the Program, and each Token will represent a TKJ obligation to supply air charter services at a value of one USD per Token;
If TKJ offers to repurchase Tokens, it will only do so at a discount to the face value of the Tokens (one USD per Token) that the holder seeks to resell to TKJ unless a court within the United States orders TKJ to liquidate the Tokens; and
The Token is marketed in a manner that emphasizes the functionality of the Token, and not the potential for the increase in the market value of the Token.

Along with the no-action letter, SEC has also released a document called “Framework for “Investment Contract” Analysis of Digital Assets,” where it lays out a detailed explanation of how the existing Howey Test used to determine what is security is being applied to digital assets issued on a blockchain. The vast majority of the document details how the SEC views what is considered a reasonable expectation that profits will be derived from the efforts of others, a crucial factor of the test.
Also Read: Over 40 Central Banks Are Considering Blockchain Currencies: Davos Report
The most interesting section begins on page nine, with 12 characteristics that if present, mean the token offering is less likely to pass the Howey test. The first two are crucial.
“The distributed ledger network and digital asset are fully developed and operational,” and  “holders of the digital asset are immediately able to use it for its intended functionality on the network, particularly where there are built-in incentives to encourage such use.”
While there are still some gaps to be filled, the efforts of the SEC were well appreciated by the community. According to Jake Chervinsky, the lawyer who has been keeping an eye on legal and regulatory movement around cryptocurrencies tweeted saying
“The SEC published its DLT Framework today, giving us an in-depth look into how they think the Howey test should apply to digital assets. It isn’t perfect, but it is a *huge* upgrade from the DAO Report. I’ll throw some shade at the SEC later today, but for now, I give them 👍👍.”
The community has given its thumbs up to SEC which has finally broken its silence. There is a sense of optimism already that SEC may now move a bit quicker with decision-related to cryptocurrencies.
What is your view on SEC’s Framework for “Investment Contract” Analysis of Digital Assets? Do let us know your views on the same.
The post SEC Takes a Historic Step as it Clears its Stance on Token Offering appeared first on Coingape.
Source: coingape

EOS Price Hits $5.5 as Industry-wide Positive Momentum Remains

As this sudden and unexpected bullish trend continues to make headlines, it remains interesting to take a closer look at individual market trends. Albeit most top markets perform rather well at this time, it seems the EOS price is struggling to keep up. While its gains are nothing to sneeze at by any means, it is evident some of its market cap range “competitors’ are having more success.
EOS Price Uptrend Needs More Conviction
A lot of people are genuinely wondering how long this Bitcoin momentum can remain in place. With a near 26% gain in the past few days, it is evident this bull run has grown well beyond proportions. That is not necessarily a bad thing by any means, but it will be intriguing to see how all markets respond to this challenge over the coming days and weeks.
https://files.coinmarketcap.com/static/widget/currency.js

As far as the EOS price is concerned, the current uptrend isn’t half bad, but not overly impressive either. A 15% rise in USD value means one EOS is priced at $5.47. There is also a  6.15% gain in EOS/BTC, bringing that ratio to 0.00106 BTC again. Both trends are more than acceptable, but they are far less significant compared to Litecoin, Bitcoin Cash, and several other markets. Changing that scenario will not be all that easy.
On social media, there have always been some very interesting discussions pertaining to EOS. C4Chaos, for example, is wondering why anyone would use either XRP or Bitcoin Cash, in terms of sending transactions with a fee when EOS can do it without additional costs. An interesting sentiment, albeit there is a case to be made for using most of the top currencies, tokens, and assets for regular transactions these days.

why would anyone want to use $BCH and $XRP for a small transaction fee when they could send $EOS fee-less? oh, right, because @coinbase is still marginalizing #EOS https://t.co/HNpqQv1uVf
— ~C4Chaos (@c4chaos) April 3, 2019
https://platform.twitter.com/widgets.js
When it comes to the current dApp ecosystem, there has been significant growth for both EOS and Tron these days. Of the top applications, half of them belong to the EOS ecosystem, which is rather intriguing. It is evident there will be some fierce competition with Tron in this department. Even so, there is no sign of Ethereum-based dApps in the top 10 right now, which is rather telling.

Half of the top 10 DApps belong to #Tron, while the other half belong to #EOS.
Which one will take the majority and emerge on top?
Comment T for $TRXComment E for $EOS#Crypto #TRX
— TRX Colony (@TronColony) April 3, 2019
https://platform.twitter.com/widgets.js
There is also some growing dismay regarding Coinbase’s reluctance to enable EOS trading at this time. Although that is not too surprising by any means, one has to keep in mind the company will keep adding more offerings as time progresses. Whether or not EOS will ever be officially supported, is difficult to predict. Logic would say that will be the case, but cryptocurrency is not always a rational industry.

Their reluctance to list #EOS is simply bizarre
— Natasha Carter (@Natasha) April 3, 2019
https://platform.twitter.com/widgets.js
When looking at the bigger picture, it is obvious this EOS bull run will fall apart of Bitcoin reverses course. The world’s leading cryptocurrency has shown no signs of doing so, but that doesn’t mean it won’t happen in the near future. This massive industry-wide uptrend will be met with a correction of sorts sooner or later. When that will happen, all markets need to buckle up to prepare for the worst.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
Image(s): Shutterstock.com

The post EOS Price Hits $5.5 as Industry-wide Positive Momentum Remains appeared first on The Merkle Hash.
Source: themerkle.com

Binance Coin Price Keeps Dropping Following 10% Loss Over Bitcoin

Some people will say the cryptocurrency markets are all entering the overbought state. Others will say this uptrend was overdue and will become even more violent moving forward. As far as the Binance Con price is concerned, there is no uptrend visible as of right now. In fact, it is the only market in the top 10 to note any losses at this time.
Binance Coin Price Trend Remains Bearish
It is not uncommon for altcoins, tokens, and assets to struggle when Bitcoin remains very bullish for quite some time. Although some people still have high hopes for Binance Coin, the token simply cannot “hang” with the top markets at this time. It is losing value across the board, as the losses continue to pile up in very quick succession. A somewhat surprising trend, although this uptrend had to end sooner or later.
https://files.coinmarketcap.com/static/widget/currency.js

To be more specific, the Binance Coin price has dropped by 2.57% to $19.17. The more worrisome aspect is the 10% loss in BTC value and 11.3% loss over Ethereum. It is normal for altcoins to lose BTC value during this time, but BNB is clearly in a different league. Traders will not be happy with the way things re going, yet the current trading volume mainly represents sales rather than buys.
The sentiment toward Binance Coin on social media is not looking all that great either. CryptoKop expects BNB to settle soon in BTC value, but it seems unlikely a decisive floor will be reached in the near future. This downward spiral is a sign of how BNB simply gained too much value in quick succession. A correction now and then is healthy, albeit not everyone will see it that way.

#BNB showing weakness against BTC. Down 10%. Better settle soon when BTC finds its price.
— CryptoKop (@CryptoKop) April 3, 2019
https://platform.twitter.com/widgets.js
Sam, on the other hand, struggles to make sense of what is happening to Binance Coin at this time. It is an unexpected trend for most holders, although everyone who knows how these markets work will acknowledge this was to be expected somewhat. As the USD-based losses continue to pile up in quick succession, it will be difficult to predict where things will head in a few hours from now.

#BNB why? pic.twitter.com/q30Z6IIKTF
— sam (@SarmidFaraj) April 3, 2019
https://platform.twitter.com/widgets.js
For those who look at the BBN chart, the uptrend is seemingly still in place. Given how this uptrend started in October of 2018, it seems things are not necessarily slowing down. This could be an indicator of how this current downtrend is a mere setback which will come to an end eventually. Even so, a hyperbolic chart is equally possible at this time.

BNBの上昇が凄いことになってますね。取引所tokenは資産価値が出てきそうな予感がします。#BNB #BTC #ETH pic.twitter.com/VrIRuouM4r
— こうじ@筋トレ大家さん (@as_con11) April 3, 2019
https://platform.twitter.com/widgets.js
As is always the case in this rather unique industry, everything needs to be taken in stride and put in perspective. While Binance Coin is not performing as expected, there is no real reason to panic either. Traders who had hoped to gain more BTC in quick succession will not be too happy with the way things are going, but that is the way this industry works. Things can look very different tomorrow morning, for all one knows.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
Image(s): Shutterstock.com

The post Binance Coin Price Keeps Dropping Following 10% Loss Over Bitcoin appeared first on The Merkle Hash.
Source: themerkle.com

Elon Musk ‘Resigns’ as Dogecoin CEO After Price Soars 30%

Dogecoin has become the unexpected new champion of the sudden cryptocurrency bull market which gripped the industry this week - thanks to Elon Musk.

Musk Pets ‘Pretty Cool’ DOGE
In a series of surprising yet distinctly familiar tweets, Musk, who has hinted at his alleged fondness of Dogecoin, said the meme-based cryptocurrency was his “favorite” and described it as “pretty cool.”
Another post claimed Dogecoin “rules (sic),” while Musk also linked to an article about the current market from fake news outlet The Onion, commenting that “Dogecoin value may vary.”
All appearing April 2, it remains unknown whether Musk had a specific purpose in his advocacy, or whether the episode was simply a delayed reaction to an April Fools Day contribution by Dogecoin itself.
On Monday, developers had published a Twitter survey asking users to name a fictitious ‘CEO’ of the cryptocurrency, itself a long-running community in-joke.
Musk, who ‘competed’ for the position with Ethereum co-founder Vitalik Buterin, Litecoin creator Charlie Lee and Metal Payments CEO Marshall Hayner, easily won the run-off and inherited the title. However, from his Twitter account information, it appears he has already quit.

Three Tweets, One Big Pump
Regardless, the effect on Dogecoin was immediate and decisive: as of press time, the altcoin had made daily gains against the US dollar of almost 35 percent.
DOGE/USD currently trades around $0.0033, its highest since early November.
Elon Musk quickly gained the attention of the cryptocurrency community on Twitter, with traders extrapolating potential endorsement of the wider industry beyond DOGE.
Tuesday’s gains meanwhile were not enough to put DOGE back into the top twenty cryptocurrencies by market cap, with some other well-known assets delivering stronger returns.
Those included Bitcoin Cash, which advanced 45 percent over the past day, and Augur, which managed 34 percent.
When Bitcoin?
While previously publishing pro-DOGE tweets, Musk’s latest entry builds on momentum which has bound him to the crypto world in recent months.
Specifically, since February, a community effort has sought to involve the Tesla CEO in Lightning Torch, a transaction relay on Bitcoin’s Lightning Network.
As Bitcoinist reported, the ongoing event has seen major publicity and participation from figures including Twitter’s CEO Jack Dorsey. Despite pleas, however, Musk has so far refrained from following suit.
Last September, Musk had recruited Dogecoin’s creator, Jackson Palmer, to help him combat the problem of scam bots infecting Twitter, a problem which persists for many.
Palmer provided Musk with a script, revealing they had held offline discussions about the issue.
“…We had a good chat on how (Dorsey) and the Twitter team should definitely automate and fix this problem on their end,” he tweeted.
What do you think about Elon Musk’s Dogecoin propaganda? Let us know in the comments below!

Images via Shutterstock
The post Elon Musk ‘Resigns’ as Dogecoin CEO After Price Soars 30% appeared first on Bitcoinist.com.
Source: bitcoinist.com

Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won’t File

Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won't File

According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company recorded back in November found that the number of people deciding not to file crypto taxes has increased.

Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1

Tax Filers Reporting Short-Term Crypto Gains and Losses Spike Considerably

Last April, as tax season approached, news.Bitcoin.com reported on how many cryptocurrency holders didn’t really care. At the time, the general manager of Credit Karma Tax, Jagjit Chawla, explained that out of 250,000 cryptocurrency holders, less than 100 people (0.0004%) reported their gains to the IRS. The tax season in 2019, however, has seen an increase of individuals reporting short-term capital losses. Sharing the data with our newsdesk, the company said that filers who reported short-term capital losses for bitcoin in the first month of 2019 jumped 521 percent in comparison to the first month of 2018. Moreover, short-term BTC losses averaged $3,405, which is a 322 percent increase since last year’s tax season.

Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won't File

“Short-term bitcoin gains declined during the first month of the 2019 filing season, with a net 7% decrease in the average amount of gains,” the report reads. “However, 33% more early filers reported short-term gains year-over-year.” The document’s author notes:

Investors with long-term gains are the winners so far this tax season, with early filers reporting an average gain of $15,352 during the first month of the 2019 filing season — up 103% from the same period last year.

Out of 1,000 bitcoin investors, 47 percent of respondents stated they did not plan on reporting crypto gains or losses.

Despite Increase in Short-Term Filings, Survey Reveals 47% of U.S. Investors Still Plan to Skip Paying Crypto Taxes

The methodology Credit Karma Tax used stems from data from members who filed their 2018 federal income taxes with the company between January 28 and February 22, 2019. This is in comparison to tax filers who submitted their 2017 taxes with the firm between January 29 and February 22, 2018. So year after year, data shows that people are claiming gains and losses more so than 2018 and 2017. However, the amount of people paying taxes on crypto assets is still incredibly small compared to the number of investors. In November of 2017, a Lendedu survey of 1,000 U.S. residents showed that 35.87 percent of the survey participants responded, “No, I do not plan on reporting gains or losses on my tax return.”

The data from Credit Karma Tax published on April 3 reveals that these numbers could be climbing higher. In November 2018, the company surveyed 1,000 bitcoin investors aged 18 and older and discovered 47 percent of U.S. based investors did not plan on reporting crypto gains or losses. “More than a third of those surveyed were unaware they could be required to report the same on their tax returns,” the firm’s report reveals. Last year a few bitcoin proponents got extremely salty with the previous year’s survey which showed lots of crypto holders were not paying taxes, so the increase last year may infuriate them.

Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won't File
Many crypto investors despise taxation and believe that bitcoin was meant to be used as a tool to protest such acts.

In fact, for many people in the bitcoin world, the idea of crypto and taxes is like mixing oil with water. Only recently, bitcoiners have been discussing how crypto taxation is actually the biggest hindrance to digital currency adoption. So the steady increase of bitcoin holders that do not plan to report losses and gains to the IRS suggests that people may be thinking twice about paying into a blatantly corrupt and immoral system.

What do you think about the increase of short-term capital losses filed year-over-year? What do you think about the November 2018 survey showing 47% of investors do not plan to file crypto gains and losses? Let us know what you think about this story in the comments section below.


Image credits: Shutterstock, Pixabay, and Wiki Commons.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won’t File appeared first on Bitcoin News.

Source: news.bitcoin.com/

Jamaica Stock Exchange signs deal to host crypto trading

The Jamaica Stock Exchange, JSE for short, has inked a deal with Blockstation, allowing the exchange to host crypto and security token trading.

A “Master Agreement”

An April 3 press release revealed the two entities put a “Master Agreement” into play with an arrangement approved by JSE and Blockstation. Due to the agreement, the Jamaican institution will be able to host active and regulated cryptocurrency and tokenized security trading.

Canadian financial technology startup Blockstation brings to the table a complete crypto trading solution for JSE, “offering compliant listing, trading, clearing and settlement of digital assets and security tokens to the entire ecosystem of broker-dealers, investors, depositories and regulators,” the statement said.

The duo conducted a successful initial trading run before signing the “Master Agreement,” the statement included.

JSE has worked with Blockstation over the course of the last 12 months to confirm that the partner firm’s product meets expectations, JSE managing director Marlene Street Forrest explained in the statement.

She added,

This is an unprecedented opportunity for the JSE to diversify its product offerings and attract new listings and inbound investments. We welcome retail investors and companies both locally and around the globe to trade digital assets under a safe, efficient and transparent regulatory framework.”

Blockstation cofounder and chief enterprise architect Jai Waterman sees the endeavor as a gateway for traditional market players to enter the growing digital asset industry, as he explained in the statement.

Digital assets are the future of capital markets, and our turn-key solution paves the way for traditional financial institutions to easily adopt this new, game-changing asset class. We look forward to being part of the evolution of finance going forward.”

The fresh deal between the pair will enable JSE to help offer security token offering (STO) solutions to specified interested entities, develop a regulated operation open to institutions and retail investors, as well as multiple other initiatives.

Jamaica’s interest

Financial assets are a big deal in Jamaica. October of 2018 brought news from Bloomberg on Jamaica’s stock market exuberance. The country’s main index has pumped 233% since 2013, Bloomberg noted, which is significantly higher than the S&P 500’s impressive 73% rise during the same time period.

According to the 2018 Bloomberg piece, the country’s government looks for its economy to increase by 5% per year by the time 2020 rolls around, while the country sees billions in funds from China for its infrastructure.

The media outlet noted Jamaica has suffered from intense debt over the years but has cut back on its borrowing, as part of its action plan.

The post Jamaica Stock Exchange signs deal to host crypto trading appeared first on Crypto Insider.

Source: cryptoinsider.com

Interview: Bisq Network’s Steve Jain on peer to peer crypto trades & privacy

The Bisq Network can be described in very simple terms as the BitTorrent of cryptocurrency exchanges. Instead of creating a central point of failure that exists by virtue of governmental mercy, the enthusiastic coders behind the project have built an ecosystem where you store your own data locally and transact with other users under a powerful veil of privacy.

In this exclusive Crypto Insider interview, Steve Jain (who does technical writing and documentation for Bisq) talks about the nature of the network, its upcoming ambitious plans which also involve a Bitcoin DAO, and the main differences between this decentralized service and competitors like Local Bitcoins and HodlHodl.

What is Bisq and why does it matter?

Bisq is less of a service and more akin a protocol that makes use of existing technologies in order to enable fast, peer to peer, and private transactions. Signing up doesn’t even require an e-mail address, as participation is the sum of interactions between autonomous actors.

Furthermore, once you create an account, you have no idea with whom you are transacting, which increases the fungibility of the coins. In order to protect this privacy feature, all operations are protected under the mighty cloak of ToR onion routing.

One important feature of Bisq involves crypto to fiat exchanges where you become the only person to know with whom you are trading, and there are systems in place which prevent money laundering. Not even the bank will know why you are sending the fiat, which makes it all more exciting.

Steve Jain explains really concisely that the mechanism was conceived to avoid controversies, and make sure that no funds get lost or stolen. An escrow system insures the validity of transactions by taking into account network confirmations, but at the same time the data does not get stored on a central server and only the participants will be able to keep records of their activity.

If this concept sounds intriguing, then you will definitely enjoy listening to this 38-minute interview with Steve Jain, as some of the most fundamental cypherpunk principles get described in relation to actual functionalities on the Bisq Network.

Read more:

The post Interview: Bisq Network’s Steve Jain on peer to peer crypto trades & privacy appeared first on Crypto Insider.

Source: cryptoinsider.com

‘I Fu%*ng Told You So’ – John McAfee Declares Bitcoin Bear Market Over

Popular investor and prominent cryptocurrency advocate John McAfee reiterated that the Bitcoin market “has now turned,” suggesting that the bottom is in. His announcement comes after Bitcoin price soared more than 20 percent in the last two days alone.

‘The Market Has Now Turned’
Bitcoin price gained upwards of 20 percent in less than two days. The cryptocurrency surged from around $4150 on April 1st to its current price point of about $4,980.
Historically, as its price starts to increase, so does the public interest toward it. Bitcoinist reported that Bitcoin has made it into the top ten of most searched terms on Google, hitting over 100,000 searches yesterday.
While most are looking for the exact reason that caused the massive spike in Bitcoin’s price, John McAfee came up with a statement that sounds a lot like “I told you so.” The popular entrepreneur said:
Everyone trashed me two weeks ago when I said: “The market has now turned”, so I’ve kept my mouth shut. I will now say it again: “The market has now turned”. The bow of the bear market was pulled to its max. Now watch the arrow spring to life.
Apparently, McAfee suggests that we’ve seen the worst from the bear market and that it’s only upwards from here.
“I am absolutely NOT the type of person who would ever say “I told you so”. But. . . . . . I fu%*ng told you so!!” - he tweeted today.
The bullish sentiment doesn’t seem to end with McAfee, though. Another Bitcoin investor and entrepreneur, Alistair Milne, also said that “pretty much every OG Bitcoin trader” he respects is leaning bullish days before Tuesday’s price surge.
$995,000 to Go By December 31st, 2020
In 2017 McAfee made a particularly popular bet that Bitcoin price will move above $500,000 in three years or else he’d have to consume his own manhood on national television.
Amusingly, there’s even a dedicated ‘dick clock’ website online counting down to the day.

More recently, he has updated his prognosis, putting Bitcoin at $1 million by December 31st, 2020.
Despite the recent surge in Bitcoin’s price, which brought it close to $5,000, the cryptocurrency has a long way to go before it reaches the $1 million target. To be precise, Bitcoin’s price would have to gain 19,900 percent in the next 638 days.
This means that Bitcoin would have to add approximately about $1,559 to its price every single day until December 31st. Pretty ambitious.
Meanwhile, McAfee has also stated that he will be ‘running’ for the 2020 US Presidency in ‘exile’.  In reality, though, the entrepreneur has said that he doesn’t really expect to become the next US president and that he only wants the stage.
What do you think about McAfee’s Bitcoin price predictions? Don’t hesitate to let us know in the comments below!

Images via Shutterstock, Bitcoinist archives
The post ‘I Fu%*ng Told You So’ - John McAfee Declares Bitcoin Bear Market Over appeared first on Bitcoinist.com.
Source: bitcoinist.com

How to Save Over 15% Shopping on Amazon With Bitcoin Cash

How to Save Over 15% Shopping on Amazon With Bitcoin Cash

There’s an ever growing list of places on the web where you can spend Bitcoin Cash (BCH). However, Amazon stands out as an online retail giant that dominates many markets. Today’s tip explains how to shop on Amazon using bitcoin cash (BCH) while claiming a great discount to boot.

Also Read: What It Takes to Air a TV News Channel Devoted to Crypto Assets

Save Money Shopping With Purse.io

Purse.io is a platform that offers significant discounts for cryptocurrency users on products sold on Amazon. Users can search for any item they want to purchase and select a discount of 5 percent for fastest delivery times or they can name their own discount at the expense of speed. According to the site’s statistics, the company facilitated over 300,000 orders during 2018 with an average discount of 18 percent.

How to Save Over 15% Shopping on Amazon With Bitcoin Cash

The platform essentially works by connecting crypto shoppers with people who wish to exchange their Amazon gift cards for cryptocurrency. This also means that in addition to shopping on Purse.io, you can use the platform to purchase bitcoin cash with any Amazon gift cards you may have, something that is not possible on exchanges.

What do you think about using Purse.io for discount shopping on Amazon with BCH? Share your thoughts in the comments section below.


Images courtesy of Shutterstock and Purse.io.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post How to Save Over 15% Shopping on Amazon With Bitcoin Cash appeared first on Bitcoin News.

Source: news.bitcoin.com/