The coming altcoin news show that a set of altseason tips on maximizing profit during the upcoming trading session – delivered to you directly by the top analysts and traders.
Now that Bitcoin has started cooling off from its bullish yearly bear market lows, the pause also presents an opportunity for major altcoins such as Ethereum and Ripple to keep on moving and recover their lost ground. This is why the altseason tips are important for each investor – and why they are featured in our latest cryptocurrency news.
To start off, we are going in with a tweet from Rekt Capital which shows a checklist on how the money flow got in the market, grew Bitcoin’s dominance but also expanded the opportunities for altcoin investors.
1. #Bitcoin rallies ✅
3. $ETH breaks above 200 EMA (i.e long term gauge of investor sentiment) ✅
4. Decline in Bitcoin Dominance⏱️
5. Money flow from Large Caps to Mid Caps & Low Caps⏱️
— Rekt Capital (@rektcapital) May 14, 2019
As you can see in the altseason tips, a break in Bitcoin’s dominance is the fourth signal in the checklist that creates an alt season. This step happens directly after Bitcoin rallies and after money begins to flow into large cap altcoins such as Ethereum and ripple.
Another trader named Panama Crypto listed his altseason tips in a tweet. The expert analyst suggests that the best way is to take profits on the way up while also leaving a “moon bag” reserved for the off chance of one cryptocurrency taking off rapidly.
Things I wish I knew last altseason:
+Take profits on the way up
+Always leave a moon bag
+Chose quality over quantity of projects
+Do not chase green candles
+If you achieve a life changing amount of profit, realize gains and run
+Don’t be greedy
+Hodl only works on the way up
— Panama Crypto ⚡ (@Panama_TJ) May 15, 2019
The best advice in the altseason tips of this trader, is a reminder that if a “life-changing amount of profit” is ever gained, to realize profits and “run.”
A lot of other cryptocurrency investors are featured by many best cryptocurrency news sites for their take on the altcoins. At the height of the lass bull run, many of them saw their portfolios reaching values that they never dreamed of. However, it was the greed and fear of missing out (FOMO) that dominated and forced them to hold the longest bear market on record.
Right now, the altcoin trading season is at solid levels but it is always important to note that profits are nothing until they are realized – and that one profits from cryptocurrency only when they cash it out into a fiat currency.
We hope that these altseason tips will help you with your trading endeavors!
Bank Of England Governor Says Crypto Could Displace The US Dollar
“While the world economy is being reordered, the U.S. dollar remains as important as when Bretton Woods collapsed,’’Carney suggested there could be multiple replacements to the dollar including the Chinese renminbi and the digital currency supported by the international coalition of the central banks:
“It is an open question whether such a new Synthetic Hegemonic Currency (SHC) would be best provided by the public sector, perhaps through a network of central bank digital currencies. An SHC could dampen the domineering influence of the U.S. dollar on global trade.’’As explained previously in the best cryptocurrency news sites, the technology can disrupt the current network effects that could protect the dollar noting that an increasing number of transactions could occur online by using electronic payments rather than cash. While he did not state cryptocurrencies explicitly, he did note that the relatively high costs of the domestic and cross border electronic payments are encouraging innovation with some new entrants applying new technologies to offer lower costs. One example is Facebook’s libra crypto project as he noted but in order for the project to succeed, Carney stated:
“The Bank of England and other regulators have been clear that unlike in social media, for which standards and regulations are only now being developed after the technologies have been adopted by billions of users, the terms of engagement for any new systemic private payments system must be in force well in advance of any launch.”
Another Exchange Says Goodbye To The Cryptocurrency Operations
"The Company has been considering for various possibility of the customers who has not accepted the contract succession, however, we announce here that the Company has came up to the conclusion to discontinue our cryptocurrency exchange business once we complete the refunds for all customers who possess remaining balance which refunds can be made," Tech Bureau said, without providing more information about the date when it will be closing.The latest cryptocurrency news show that the FSA recently confirmed that Zaif is another exchange which is forced to close because of hacks. Nikkei says that Tech Bureau will now focus on "blockchain development." Meanwhile, another exchange in South Korea - and a member of the "big four" there - named Coinone is shutting down its Malta-based Coinone Global Exchange (CGEX) on September 18. This comes in less than a year after it opened, and the operator said that it had "decided" that it “could no longer maintain service."
Binance Thinks Funds Are ‘SAFU’ Following Amazon Web Services Withdrawal Error
“It's causing some 500 error messages on APIs and affecting some withdrawal processing.”Binance thinks funds are safe - but it just recovered from a publicity scarce which involved a self-proclaimed hacker alleging that he had access to the users Know Your Customer (KYC) data. The alleged data leak made Binance very insecure and many best cryptocurrency news sites also talked about the previous hack which was funds worth $41 million leaving the platform due to a security issue. All of this sparked a weeklong maintenance shutdown and payouts to the affected users. However, Binance thinks that it is in a good place now - right after it announced that it is working on a new cryptocurrency project named Venus. As the altcoin news showed, Venus is going to rival Facebook and its controversial Libra coin. Meanwhile, the market has stabilized from the yesterday drop and is at a combined total value of $265 billion at press time. Bitcoin is trading at $10,160 and most of the altcoins are recording gains of 1% to 2%. Bitcoin's dominance is still strong, standing at 68.4%.
Wikipedia Co-Founder Claims EOS Is De Facto Centralized
‘’We cannot continue to build dapps on EOS if the network is de facto centralized in the hands of the Chinese. I’ve been making noise internally at EP about this since I learned about it earlier this summer. Sorry, but it can’t go on much longer, as far as I’m concerned.’’The statements appeared more than a year ago after the Wikipedia co-founder announced they would develop a truly censorship-proof system on built on the EOS blockchain. As Everipedia’s chief information officer, Sanger noted that EOS will make the process of approving articles, making edits and storing information more distributed but his latest comments outlined that the project did not assist his platform into becoming more authentic, decentralized version of Wikipedia. Despite becoming one of the most popular and widely used blockchains, EOS has a huge problem concerning its integrity. There are a few other people who own a huge part of the project’s tokens. This gives them a massive influence on the right to select block procedures which is a total of 20 entities that validate and add transaction records on the native blockchain. The structure resembles a corrupted democratic process according to Sanger where one individual can vote up to 100 times because he has up to 100 identity cards. This increases the probability of potential cooperation where the malicious actors can join together to seize the EOS funds or alter transaction records saved on the blockchain. As explained in some of the best cryptocurrency news sites, the huge problem lies in the inability of Block.one which is the parent company of the cryptocurrency to solve the problem. This became even worse when Dan Larimar the CTO of the company confirmed that the decentralization is not their biggest priority.
Join us on Facebook
- Bank Of England Governor Says Crypto Could Displace The US Dollar
- Bitcoin Breaks 5-Day Long Trend Reaching $9,800 Support Level
- Bitmain’s Hashrate To Increase By 50% With 600,000 New Mining Chips
- U.S. Government Rules Out BTC As Drug Funding Mechanism
- BitPay Under Fire After Rejecting BTC Donation For The Amazon Rainforest
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Bitcoin News3 days ago
Anthony Pompliano Says G7 Only Needed 10 Years To Discuss Bitcoin
Blockchain News4 days ago
E-Commerce Giant Rakuten Launched Its Own Crypto Exchange
Blockchain News5 days ago
Coinbase Confessed To Have Put Traders’ Funds At Risk
Bitcoin News3 days ago
Bitcoin Gets Blacklisted By US Treasury Due To Money Laundering Suspicions
Blockchain News5 days ago
Telegram Open Network Will Finally Launch On October 31st
Blockchain News3 days ago
World Bank Raised $33.8 Million Via Blockchain Bonds
Bitcoin News2 days ago
SegWit Developer Introduces New Smart Contracts Language
Bitcoin News4 days ago
Hong Kong Demonstrations Strengthen Bitcoin’s Safe-Haven Status