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Cryptocurrencies Prices Are Regaining After Weeks Of Lows

Cryptocurrencies Prices Increase After Weeks Of Lows

The past few weeks have been rough for digital coins and real money casinos. The cryptocurrency market has been hit by one stone after another. But now that stones are getting low or let’s say the altcoins are getting used, prices are regaining. For the first time in 2018, the cost of the bitcoin, ether, Ripple, BCH, and other altcoins went down. Bitcoin shrunk as low as $9, 199 two weeks ago. During that time, the coin was hit by the first colossal stone. That was the time when South Korea announced that it was about to impose a ban.

How Much Have Cryptocurrencies Prices Increased?

The coin went below $10, 000, the first time since November 30. Remember that the red-hot altcoin hit its all-time highest in December 2017. During that time, on Thanksgiving Day, the price went up to $20, 000. It is true that since South Korea issued a warning, a lot has happened. In fact, apart from other countries imposing almost similar rules, South Korea came up with laws. While the Korean government did not impose a ban, the rules are restrictive. But there is one thing the bitcoin has proved. It is now clear that it will withstand fierce opposition.

Visa Doesn’t Recognize Bitcoin As Payment Method?

This year, the coin, together with other digital coins has faced a lot of opposition. It is the very year in which Visa CEO declared that Visa does not recognize bitcoin as a payment method. There are many other examples of rouge laws against the bitcoin and crew. In spite of all these, the price has consistently jumped from $9, 199 to above $6,811. By the time of writing this article, one bitcoin trades at $6,811. What does this show? Although there is fierce ridicule, the price of the traditional digital is regaining. It is coming up. Perhaps, if nothing happens, it is likely to go back to where it was in December.

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· South Korea Adds New Laws For Banks And Cryptocurrency Exchanges

Countries Impose Bans

What is funny is that the top state currencies that are trading with the bitcoin are the very countries that give sanctions. The top 5 state-issued currencies are:
• USD.
• JPY.
• EUR.
• KRW.
• USDT.

From the look of things, the performance of the bitcoin is a quick reminder. It is true that there might be other stronger and huge stones. But for now, investors are brushing off any fears. People are slowly investing in digital coins. Whether it starts yesterday or the other day, the cryptocurrency market is slowly regaining.

Previous News Article: Coinbase.com Makes $2.7 Million Each Day

Coinbase.com Makes $2.7 Million Each Day

Coinbase.com Makes $2.7 Million Each Day | Cryptocurrency News

Can you imagine how much work is needed to operate a cryptocurrency exchange? Well, you do not need to think a lot. It is a whole lot of work. Well, it is not like running a real money casino site, which is far much hectic. As you continue to boil your brain over the same, think of how much a cryptocurrency exchange can make. Surprisingly, the amount of money is far much more than any work. Let us take coin Coinbase.com as an example, which is a world’s renowned crypto exchange.

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How Does Coinbase Make $2.7 Million Every Day?

The exchange works across the border. It serves thousands to millions of people each day. As usual, exchanges, like pay per head sites, earn commissions. These commissions come from individual clients who transact over the portal. Any fee that emerges from a single client is small. That is the truth. But the fact is that if 1,000 people came on board with $1 million transactions, the commission would be substantive. It is on this calculation that we are basing this write-up. Coinbase has published its annual report. The record on the amount of commission this exchange gets per year is shocking.

Coinbase Makes $1 billion Last Year?

The report shows that Coinbase made a $1 billion in 2017. What does this tell you about the amount the company makes each month? Let’s not talk about something closer home. The right calculation will result in $2.74 million each day. To make it even simpler, it means, Coinbase generates $2, 000 per minute! This amount is from commissions alone. What does Coinbase say about this? Well, what else would you expect this largest crypto exchange to say? The company says that 2017 was one year that saw a lot of online activity. Many people went into digital currencies in 2017 than before.

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Coinbase.com Opens New Accounts & Forms New Partnerships?

In 2017, the company opens more accounts, transacts a lot of digital coins, and enters into new partnerships. As a result, there was the need to add new staff. So, for now, the company has grown regarding the workforce. Because of the strength of the company, many people want to buy shares. Coinbase has confirmed that it has received letters, calls, and emails from clients. What is the aim of the call, emails, and messages? Coinbase answers. Many people are making formal inquiries if they can buy some of the company’s shares. The company looks forward to becoming the world’s number one cryptocurrency exchange provider.

With so many digital asset exchanges, what makes Coinbase different. First of all, Coinbase is the largest United States-based cryptocurrency exchange. Located in San Francisco, California, this online cryptocurrency broker allows people to buy, sell and trade, Bitcoins, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic. Also, they allow people to trade crypto is USD/BTC and BTC/USD pairs. In addition to the United States dollars pairs, you can also trade Bitcoin in Euros, British Pounds, and fiat currencies from thirty-two countries. Overall, Coinbase handles altcoin transactions and stores crypto for almost two hundred countries worldwide.

Previous News Article: Stripe To Stop Accepting Bitcoin Payments

Stripe To Stop Accepting Bitcoin Payments

Stripe Stops Accepting Bitcoin Payments

Stripe, a payment processor is stopping the payment process that supports Bitcoin. Stripe announced the crisis that is hitting the cryptocurrency market. More governments and state agencies are showing hostility to digital currencies. Because of this, the number of users of bitcoin is down. Besides, the number of companies that are now accepting bitcoin as a mode of payment has gone down. It is because of these reasons that Stripe is halting the bitcoin payment support program.

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Why Is Stripe Stopping Bitcoin Payments?

Over the past couple of weeks, various companies have also rolled back their support for bitcoin payment. A majority of these group said that they rolled back the support because of high fees associated with bitcoin. Unlike real money casino sites, Stripe is a company from Ireland. The company is owned by two siblings, John and Patrick Collison. The $9 billion company has been very respective to digital currency especially bitcoin. The company says that were it not for the high transaction fees; it would continue with bitcoin support.

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· More Americans Fill Their Digital Wallet With Bitcoin

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· Bitcoin Cash Casinos Doing Relatively Good This Time

· Altcoins Continue To Tighten The Gap Between The Leading Crypto And Others

· Dogecoin Hits It’s All-Time High At $2 Billion In 2018

· Will The Litecoin Finally Replace The Bitcoin? Here Is The 2018 Dissection

· We’ve No Plans To Ban Cryptocurrencies, S. Korea Says As It Uncovers $600 Million Illegal Trades.

· Samsung Embarks On Developing Cryptocurrency Mining Chips

· Las Vegas MGM Casino Resorts Hike Increase Fees In All Its Facilities

· Where Can I Play Games Using Bitcoin Cash?

· Washington State Wants To know Whether Loot Boxes Are Gambling

Stripes Owner Tom Karlo Makes A Statement?

Tom Karlo, the company’s project manager, says that there are good reasons why the company halted the support. Tom starts by mentioning that the company does not have any rivalry to the bitcoin. “We hoped that Bitcoin could become a universal, decentralized substrate for online transactions. In the end, it would help our customers enable buyers in places that had less credit card penetration. There are even cases where credit card fees were prohibitive. Over the past year or two, as block size limits have been reached, BTC has evolved to become better-suited to being an asset than being a means of exchange,” said Tom.

Bitcoins High Volatility

Tom added that the high volatility associated with the BTC is another issue. He said that by the time a client finishes a bitcoin transaction, volatility rates would have fluctuated many times. The project managers said, “By the time a transaction has been confirmed, BTC’s USD value has already changed, often discernible. Above all, this is coupled with the fact that for a regular bitcoin transaction, a fee of tens of U.S. dollars is common, making BTC transactions about as expensive as bank wires.” In 2014, Stripe wrote a view of the bitcoin. The company said that the digital coin would turn out to be the next big thing.

“Bitcoin has huge potential as a way to transport value. It’s surprisingly difficult to move money today. The experience of paying for something online hasn’t changed. It is where it was 20 years ago. We can already start to see the shape of the potential impact of Bitcoin. The cryptocurrency market is interesting,” said Stripe.

Previous News Article: South Korea Adds New Laws For Banks And Cryptocurrency Exchanges

South Korea Adds New Laws For Banks And Cryptocurrency Exchanges

South Korea Adds New Laws For Cryptocurrency Exchanges & Banks

The South Korean government is talking tough. It wants nothing but to bring sanity in the cryptocurrency business, which is after releasing new guidelines to govern the sector this week. Over the past several weeks, the government has been reminding exchanges that there will be changes, which did not go well with trades. It was last week that eight exchange firms were fined for violating privacy laws. KCC is the department that is responsible for ensuring safety and privacy of users. The agency found out that many domestic exchanges were not following the rules.

Why Did South Korea Add New Laws For Cryptocurrency Exchanges?

Although the government releases these rules, they are not new. It is only making the guidelines official. Banks and several exchanges in South Korea already know the rules. Those that have failed to observe the rules in the past have found themselves on the wrong side. Tuesday this week was the day the government made clear the announcement. The document containing the guidelines that the government had earlier announced was out. It was made public by the Financial Services Commission (FSC) Vice Chair Kim Yong-burn.

The Document Details Several New Measures

The vice chair said that the document details several measures. The measures are part of the efforts of the government to clean up the mess that exists in the cryptocurrency market. Mr. Kim Yong said that the government wants all businesses to emulate pay per head business. He also maintained that rules in the document would bring to an end to speculation surrounding the government’s stance on digital coins.

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· Bitcoin Cash Reaching Out For A Deal With Euro

· Bitcoin Cash Casinos Doing Relatively Good This Time

· Altcoins Continue To Tighten The Gap Between The Leading Crypto And Others

· Dogecoin Hits It’s All-Time High At $2 Billion In 2018

· Will The Litecoin Finally Replace The Bitcoin? Here Is The 2018 Dissection

· We’ve No Plans To Ban Cryptocurrencies, S. Korea Says As It Uncovers $600 Million Illegal Trades.

· Samsung Embarks On Developing Cryptocurrency Mining Chips

· Las Vegas MGM Casino Resorts Hike Increase Fees In All Its Facilities

· Where Can I Play Games Using Bitcoin Cash?

· Washington State Wants To know Whether Loot Boxes Are Gambling

New Guidelines For Cryptocurrency Exchanges

Apart from the guidelines that are directed to digital currency exchanges, the vice chair said something else. He said that the government has also released anti-money laundering (AML) regulations. These rules prepare the Korean Financial Intelligence Unit (FIU). The unit is a division of the more substantial FSC. The new guidelines go to all banks and financial institutions that deal with digital coins.

New Government Laws Plus Regulations For banks And Digital Currency Exchanges

The main aim of these new guidelines is to ensure the digital currency sector is streamlined. The nature of cryptocurrencies is that you will not know who you are trading with. But according to the new regulations, banks and exchanges should only handle accounts that have real names. The names of individuals operating accounts should be original and confirmed by banks. The government has imposed considerable fines to those found violating the rules. After the government’s announcement of the new regulations, the number of those first cryptocurrency accounts went down drastically.

Previous News Article: There’s A Relationship Between Gold And Bitcoin-Analysts

There’s A Relationship Between Gold And Bitcoin-Analysts

Cryptocurrency Analysts Find Gold & Bitcoin Relationship

Did You Know Cryptocurrency Analysts Found A Gold & Bitcoin Relationship? The cryptocurrency market has grown tremendously over the past few years. Prices of various digital coins have surged during the same period. Because of this reason, many people have had an interest in the digital coin. At the backend, researchers too have been in the chase. They have been digging into the bitcoin. They have done numerous studies. The studies aim to find out why the bitcoin is popular. Why the digital coin is not like real money casino business. Coinbase.com is the best digital currency wallet.
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How Cryptocurrency Analysts Found Gold & Bitcoin Relationship

Their finding is shocking. Researchers have shared what they have found out. As a way of tipping you, they have found something significant. It is this thing that makes the price of the coin surge. Yes, perhaps you have also witnessed that the cost of the traditional coin is gaining no matter what.

For now, prices in the digital coin markets have slapped. It is this very thing that now researchers are saying the bitcoin is like gold. Researchers who have done a lot behind the curtains say the correlation is compelling. At the fall of last year, digital currency prices surged. The bitcoin, for instance, hit its all-time highest of $20, 000. What of gold?

Gold Price And Other Valuables Such As Diamonds Fell

The price of gold and other valuables such as diamond fell. Yes, prices plummeted. Everybody in the market was like, what is happening to these gifted goods? As the costs of digital coins started to come down fast, the price of gold and ‘friends’ began to rise. Of particular importance is that as the rice of bitcoin shoots, gold slumps and vice versa. Daniel Marburger who is the director of Coinvest said that he was forced to sell 30 kilograms of gold for bitcoin. Coinvest is a precious metal firm.

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Analyst Agrees There Has Been A Correlation For A Long Time

“We have been inundated with emails, and the phones have been ringing continually with customers asking how they could turn their cryptocurrency into gold,” said Marburger. Another research analyst agrees that there has been a correlation between the two for a long time. Scot Macdonald of Seeking Alpha means that it is not news that there is a relationship. According to Scot, what is shocking is that the inverse proportionality started when bitcoin futures were approved.

Cryptocurrency Is A Serious Business

The analyst winded up his interview by saying that the link between the two, opens up opportunities. He says that investors should be creative. “Based on my analysis, you should make cryptocurrency a serious business. Buy bitcoin today and sell gold in the coming week,” Macdonald said.

Previous News Article: More Americans Fill Their Digital Wallet With Bitcoin

60 Percent Of Americans Know Bitcoin, 5% Own BTC

More Americans Fill Their Digital Wallet With Bitcoin

A new survey to determine the level of awareness of the American towards cryptocurrency is out. It is a joint survey between Survey Monkey and Global Blockchain Business Council. The aim is to know what Americans feel about the bitcoin. The findings are shocking. From the study, it is true that the majority of American people see the bitcoin. However, the number of those that own the traditional coin is small. The study finds another exciting thing. Coinbase.com is one of the leading digital currency wallet.

Why Are More Americans Filling Their Digital Wallets With Bitcoin?

In every state, at least there is sufficient awareness of what digital coins are. But the actual number of people who want to enter the trade is small. It may be shocking, though to learn that the U.S. is the world’s leading marketer of digital coins. The survey takes place in the second week of 2018. It involves some 5, 761 adults. The questions of the study are simple. One of the problems is the attitude toward the bitcoin.

Results From Survey Monkey

Survey Monkey , one of the companies has an ingenious method of finding the participants. Being a survey company, it takes individuals from those that already take part. It is this simple. The platform has over 3 million people who regularly take part in surveys. Survey Monkey explains how simple this is. It says, “Our data look much into the age, race, sex, education, and geography. In doing this, we use the Census Bureau’s American Community Survey to reflect the demographic composition of the U.S. The modeled error estimate for this survey is plus or minus two percentage points.”

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The Last Survey Takes Place In The U.S.

The last time such a survey takes place in the U.S is in 2013. Back then, nearly five years now, the percentage is 25. Granted, the bitcoin is only five years old then. With 25 percent of Americans know it is a trial. Five years later, the number of those who know about the coin is now double. In simpler terms, the January survey indicates that 6 out of 10 people hear about the bitcoin. But even as the number looks big, very few have it. The amount that seems to own either a virtual wallet or exchange is at 5 percent, which is a small number when you compare it with those who know it.

What is good is that 21 percent of the people in the survey are considering the coin. They are yet to decide to include it in their portfolio. So, the cryptocurrency is nearly everywhere in the U.S. same as the real money mobile casino business.

Previous News Article: Bitcoin Cash Reaching Out For A Deal With Euro

Bitcoin Cash Reaching Out For A Deal With Euro

Bitcoin Cash Reaching Out For Deals With Euros

Bitcoin Cash heads for bigger things. Above all, this will enable the digital currency to brush ‘shoulders’ with its namesake. BCH has partnered with Euro, a deal which will open in a matter of days. If it sails through, the cryptocurrency will hit higher prices. GDAX has promised Bitcoin Cash that the partnership is here to stay. It will help boost sells of this fast and cheap alternative. Being a subsidiary of Coinbase.com, the platform has confirmed that the service will be available. It will not take long before clients start seeing the benefits.

Why Is Bitcoin Cash Looking For Deals With Euros?

The platform has set the date when clients will start using the BCH/EUR level, which will be helpful to all investors in the world. But most importantly, it will be beneficial to investors from Europe. The date is January 25. This process will come with its benefits. Investors will not be forced to go through lengthy procedures. According to the platform, in the past, clients were supposed to do a lot.

Will Bitcoin Cash Seal The Euro Deal?

First, they were supposed to exchange the Euro for the Bitcoin. It is after changing to the BTC that they were able to exchange to BCH. As you all know, that means you would incur a second commission. That’ll be history starting January 25, which will also open the way for more investors for there is no fear of the second commission. Above all, this looked tedious. In fact, for this reason, clients thought it is easy to run a real money mobile casino business than investing in cryptos. Well, it might be right. Also, this program would be up and running by now. The first attempt to bring it on board was in December 2017. But before it could go through, Coinbase halted it.

Exchange The Euro To The Bitcoin

Other issues needed to be solved. Some of the challenges include the inability to handle all the traffic that could result from the transactions. There was also the issue of many insiders trading. For now, clients can trade with BTC. In fact, this was enabled on January 17, just a week before the BCH/EUR pair kicks off.

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· Dogecoin Hits It’s All-Time High At $2 Billion In 2018

· Will The Litecoin Finally Replace The Bitcoin? Here Is The 2018 Dissection

GDAX decided that it does this program step by step

The market operation unit in GDAX decided that it does this program step by step, which is so to avoid the mistakes Coinbase raised during the initial launch. Otherwise, when clients are allowed to engage in the cryptocurrency trade this time, everything will be complete. The platform says that the whole process is now quick. It will cut the amount of time by more than a half, which is a good thing compared to the previous lengthy process where one was required to pay double the commission.

Since this article was written, Coinbase and Coinbase Pro have released Bitcoin has with Great British Pound Sterling and Euro Pairs. Now, you can buy, sell and trade Bitcoin cash using BTC/EUR and EUR/BTC. As far as we know, the European Union still considers Bitcoin Cash a commodity, not a currency. Last Updated December 5, 2018, By Arnold Mcarthy Of EasyMobileCasino.com

Previous News Article: Bitcoin Cash Casinos Doing Relatively Good This Time

Bitcoin Cash Casinos Doing Relatively Good This Time

Bitcoin Cash Casinos

Bitcoin Cash Casinos Doing Relatively Good This Time! The price of the BCH is excellent for those who invested, in this alternative coin, there is the reason to be reasonably happy. According to cryptocurrency analysis, the prices of altcoins are low. Because of this, nobody should expect things to surge in an instant. The truth is that the price has plummeted from $2, 130 to $1, 950. But there is no reason to panic. For the past one or so weeks, digital currency prices have been wobbling, which was as a result of different governments issuing threats. The first one was South Korea, which said that it would impose a ban. During the first announcement, prices of digital coins plummeted.

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What Is The Best Bitcoin Cash Casino?

The answer to the question is straightforward, Slotocash casino . Now let’s get back to the latest news! The bitcoin, for instance, shrank from above $10, 000 to $9, 199, which was the lowest value this year. Above all, this affected all other digital coins. France and China followed. Each country had its own stringent rules on the cryptocurrency business. As each country issued a threat or a regulation, volatility went high. Now that South Korea has finally implemented its law primarily on the bitcoin, how are things going to be? Besides, India has also shut down various digital currency accounts throughout the country.

Back to the BCH

There are just some of the reasons why digital currencies are recording low prices. Back to the BCH, which is now many people’s alternative after the traditional namesake. Ever since it went down to $1, 950, the BCH has failed to recover to $2, 100. But there is the reason to believe that it will come back. What is the justification? It was recently that the price was at $2130. It went down to $1950. Two or so days ago, the price came back to hit $2, 000. It is true that it hasn’t gone back to where it was, it was, but there is an improvement.

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A Positive Outlook?

Besides, the difference isn’t that big. It is only $130. In fact, you cannot compare it with its namesake that has a difference of nearly $10, 000! Although there is a reason to express optimism, there is also reason to fear. The current technical hitches facing the traditional coin make BCH the ideal alternative.

That is a positive outlook. But there is the negative part of it. Experts are warning that in case there is a bullish break, many will resort to real money casino gambling business. Many people have done so in the past. So, in case the current trend of high volatility affecting all coins hits back, the price will shrink even more. There are chances the cryptocurrency market will face challenges. Then, the cost of the BCH might be below $1, 500.

Like Bitcoin and many other cryptocurrencies, Bitcoin Cash has had it rough it 2018. 2017 was the biggest year for cryptocurrency to the point where Bitcoin cash was worth almost five thousand dollars per coin. However, the second half of 2018 has proven to be bad for crypto. As a result, Bitcoin Cash is trading a few hundred dollars, which is very low compared to the prices last year or even earlier this year.

Many people like Roger Ver say that Bitcoin Cash is the new Bitcoin and will outperform BTC Core. While Roger Ver makes a valuable point, we don’t see that happening. Bitcoin has a slow processing time for transactions but people have been using Bitcoins for the past ten years. There appears to be a level of comfort amount Bitcoin users that Bitcoin Cash does not have.

Previous News Article: Altcoins Continue To Tighten The Gap Between The Leading Crypto And Others

Altcoins Continue To Tighten The Gap Between The Leading Crypto And Others

Altcoins Continue To Tighten The Gap Between The Leading Crypto And Others

A cryptocurrency expert has said that there are chances of the bitcoin being squeezed. The expert attributed the squeezing to the elaborate developments that are taking place. Unlike in the past years, today, there are many digital coins. Many of them are moving up fast. When you compare their age with the bitcoin, you will agree that they are coming up fast. Bitcoin Cash and Ethereum are just examples of the digital coins. The two are placing themselves in the market as traditional cryptos. It is for this reason, mobile casino sites are accepting them.

Why Are Altcoins Tightening The Gap Between The Leading Cryptocurrencies?

Dan Nathan, CNBC Fast Money expert, says that Bitcoin Cash is moving fast. As such, Nathan says that it is likely that BCH will replace the red-hot coin. Although for now, the latter has many billion in the market cap, BCH will do fast to reach it. Dan revealed this in a post. He said that it is shocking, but that is the truth. Nathan says that in recent years, bitcoin faces technical hitches. On the other hand, the CNBC Fast Money expert says that Ethereum and Bitcoin Cash seem stable. Besides, the two seem to be coming up fast.

The analyst even said that following the recent shakeups, the traditional coin has been most affected. He pointed out that whenever there is an announcement that is negative to altcoins, bitcoin is the target. It is most likely that other digital coins suffer. But the red-hot altcoin suffers most, which This is costing the bitcoin a lot. Many people are now trying alternative methods. Investors want to try something else. They have a feeling that by the time other digital coins will face the same problems, they’d have achieved their goal. Dan finishes with his reasons why the two are the options. He takes us back in the days. He says that interest in BCH rose when people realized that it was cheap and faster to transact.

Other Related News Articles:

· Will The Litecoin Finally Replace The Bitcoin? Here Is The 2018 Dissection

· We’ve No Plans To Ban Cryptocurrencies, S. Korea Says As It Uncovers $600 Million Illegal Trades.

· Samsung Embarks On Developing Cryptocurrency Mining Chips

· Las Vegas MGM Casino Resorts Hike Increase Fees In All Its Facilities

· Washington State Wants To know Whether Loot Boxes Are Gambling

What Specific Altcoins Are Closing The Gap Between Cryptos?

He says that he buys ether and BCH. The two are faster than the bitcoin. He even says that whenever he tries the traditional coin, he incurs technicalities. Nathan says these are the reasons why people will run away from the first altcoin. “People want to build on the ones where they think it’s cheaper and faster and those are ethereum and bitcoin cash,” Nathan said. Fellow panelist at CNBC Karen Finerman opines with Nathan. The panelist said, “Bitcoin cash is more interesting. The discrepancy with bitcoin is there, but the gap will close, which is the interesting part of cryptocurrency business.”

Most Altcoins and even the bigger cryptocurrencies like Bitcoin, Litecoin, Ethereum and Bitcoin Cash have had a hard time in 2018. Many cryptocurrency investors and stock market traders got involved in the cryptocurrency trading market because of the volatility. While this idea sounded good, most of the investors and stock market day traders lost money.

Unless you are one of the very few people that can successfully make a profit day trading, you may find it even harder to bet on Bitcoin and other cryptos in 2018. Having said that, people like Tom Lee from Fundstrat have high hopes for Bitcoin and other altcoins in 2019. Their extrapolations were very wrong in 2018 to the point where they predicted Bitcoin to high over twenty thousand dollars. Will the cryptocurrency market turn from a bear market into a bull market in 2019? Only time will tell.

Previous News Article: Dogecoin Hits It’s All-Time High At $2 Billion In 2018

Dogecoin Hits $2 Billion In 2018, The Coin’s All-Time High.

Dogecoin Hits $2 Billion In 2018, The Coin’s All-Time High.


Dogecoin Hits $2 Billion In 2018, The Coin’s All-Time High. The last weekend of January 2018 is the best time for the Doge. According to CoinMarketCap , it is during this time the Dogecoin hits $2 billion. This internet meme doubles its market capitalization in the last 14 days. By increasing, the Doge hits $2 billion, which is the digital coin’s all-time highest market capitalization. But we are now slightly away from the past weekend. In fact, we are deep into another weekend. During these other seven days, a lot can happen. A lot happens in a day. Check out the best Dogecoin casinos over here.
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What Made Dogecoin Hit 2 Billion?

So, it is true that the near to seven days, many things are happening. For instance, according to CoinmarketCAP, the market cap is down. Yes, the market cap is again down to $1.7 billion. Also, this is possible because many things take place in the cryptocurrency trade. Speaking of the Dogecoin, how much do you know about it?

The Dogecoin

DOGE is a virtual token. It comes to life in 2013. The founder of this virtual currency is Jackson Palmer. What is the purpose of Palmer creating this symbol? Or you may ask what is in his mind when he creates this virtual token? When generating this virtual token, Jackson wants to help people send and receive money online. He believes that with it, the sending and receiving money virtually will be easy. For some reason, Palmer gives his virtual token a mascot. It is a Japanese Shiba Inu dog.

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$Doge Is Also An Altcoin Like Ethereum and Ripple

Like Ethereum and Ripple, the Doge is also an altcoin. As you may beware, the altcoin is a peer-to-peer digital token. In other words, it is an open source digital coin. Put simply: it is a form of payment that is an alternative to the traditional means of the Bitcoin. There is no difference in the way this coin works with other digital coins. The way to get it, use it, and even sell it is similar to the way you’ll others.

Over 100 Billion Coins On The Market

For instance, you can mine, purchase and sell the Dogecoin on digital currency exchanges. But to your surprise, there is a big difference with the traditional red-hot coin, which is when it comes to supply. The Dogecoin has over 100 billion coins in the market. With this massive number of coins in the market, it is easy to trade in the coin. You see! It is easy to trade in this coin when you compare with the BTC. For many investors, especially those who miss the opportunity in the red-hot coin, seek for alternatives. There are many other alternative coins. The Dogecoin is one of them.

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What is more is that there is not much difference between the Dogecoin and these other altcoins. They have almost the same characteristics. If anything, there is fierce competition amongst them, which is healthy anyway. They are all fighting to have a chance in the same tight virtual space. There is something you need to know about the Doge. It is something to do with the fear of missing out. Many people call this FOMO. This fear is making many people try to grab any opportunity in the digital currency business. You too should.

Billy Markus and Jackson Palmer founded Dogecoin in 2013 as a joke. However, this joke turns out to be a very profitable one to the point where it gets the attention of Russian President and Former Soviet Union KGB Agent Vladimir Putin. More specifically, Billy Markus releases this Open source peer-to-peer digital currency called Dogecoin on December 6, 2013. According to Wikipedia, there are still one hundred thirteen billion coins that have been mined.

Billy Markus is supposedly the true inventor of Dogecoin but we don’t know how much of a role Jackson Palmer played. We do know that DOGE features a picture “Shiba Inu dog from the “Doge” and was thought of as a “joke currency”. Having said that, this alternative coin develops a strong online community and raises sixty million dollars in the beginning of 2014.

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