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There was a slow and steady decline in bitcoin price from the $3,638 high against the US Dollar . The BTC/USD pair was rejected near $3,640-50 zone after it recovered from the $3,253 low. Moreover, it failed near the 61.8% Fib retracement level of the last slide from the $3,851 high to $3,208 low. The price recently declined below $3,520 and $3,480 to enter a short term zone. (Source: https://www.newsbtc.com/2018/12/11/bitco...)
While Bitcoin has been around for ten years, and its price has gone up more than ten thousand fold, many still express their frustration at the lack of real-world utility for the currency.
Among those who were frustrated by the subpar adoption is Amatsu Soyonobu, an ex-Apple software manager and quantitative financier. In 2017, Mr. Soyoobu left his Silicon Valley job to build a service that he believes provides one of the first tangible use cases for Bitcoin outside of its store of value. With the help of his co-worker Tagawa Hayashida, Mr. Soyonobu founded WCX, a trading platform to let regular people access the global financial markets using just Bitcoin – no fiat required. “Think of us as a stock brokerage, except instead of depositing fiat, you deposit Bitcoin ,” Mr. Soyonobu says. Users of WCX can go long or short on more than 100 markets, benefiting from rising and falling prices, with all profits and losses paid out in Bitcoin . Markets offered include foreign currencies like the Euro/USD, stocks like Tesla , precious metals like Gold , and some of the most popular crypto markets like BTC/USD and ETH/USD – all tradable using just BTC as collateral. WCX launched to the public in October of this year and has since attracted over 125,000 traders from 189 countries, with notional trading in excess of $1 billion.
“There’s obviously something here. People love how easy and fast it is to trade using Bitcoin rather than non-programmable money like the dollar,” Mr. Soyonobu says. Mr. Soyonobu also claims using Bitcoin instead of regular bank payment processors results in cost savings across the board. (Read more: https://www.coinspeaker.com/bitcoin-stoc...)
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.
It has been more than three weeks since the notable Bitcoin Cash hard fork, which has resulted in two rival chains, Bitcoin and Bitcoin SV . The recurrent “hash wars” are going back in forth, with the market still responding to the changes in networks’ relative hash rates. Bitcoin has recently increased its advantage and is currently 6 blocks ahead. BAB price, however, has slumped to below-$100 levels due to the overall market trends. As for now, the SV chain has minor advantage in terms of hash power (54%), however the chain is still controlling 72% of the network’s nodes (Sources: https://cash.coin.dance, https://blockchair.com/bitcoin-cash/bloc...). The mining profitability of Bitcoin SV is continuously volatile: as for now, it is 34.5% more profitable to mine on the original Bitcoin chain. Bitcoin mining profitability is somewhat stable now being on par with the Bitcoin chain (a 34.5% advantage compared to the rival SV chain). Bitcoin miner concentration has decreased today. Currently, BTC .com is the apparent leader, having mined 25.69% of recent blocks, followed by ViaBTC with 25%. Bitcoin is continuing to attract occasional mining from Waterhole, Prohashing, DPool, Copernicus, P2Pool, Multipool and okminer, the first six pools now consistently mining at least one block every day (Sources: https://cash.coin.dance/, https://blockchair.com/bitcoin-cash/bloc...), contributing to the overall more healthy and diverse environment of the chain, stemming from more attractive mining profitability and more technologically reasonable adjustable blocksize cap solution implemented by the Bitcoin team. Regarding the SV chain, the mining activities continue to be dominated by SVPool, Coingeek and BMG Pool, with Mempool somewhat recovering its mining capacity with 11.11%. The Osiris team is reasonably certain that there is substantial growing potential for BAB , guided primarily by .
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