Decentralized Finance (DeFi) on Ethereum: The Future of Finance?

Decentralized finance, or “DeFi” for short, has taken over the crypto and blockchain world. However, its recent resurgence hides its bubble-era roots in 2017. While everyone and their dog was making an “initial coin offering” or ICO, few companies saw the potential of blockchain far beyond quick price gains. These pioneers envisioned a world where financial applications from trading to savings to banking to insurance are simply possible on the blockchain without any intermediaries.

To understand the potential of this revolution, imagine if you had access to a savings account that yields 10% annually in US dollars but without a bank and virtually no financial risk. Imagine you could trade crop insurance with a farmer in Ghana sitting in your office in Tokyo. Imagine being able to be a market maker and earn a fee as a percentage that each castle wants. Sounds too good to be true? it’s not like that. This future is already here.

The building blocks of DeFi

There are some basic building blocks of DeFi that you should know before moving forward:

  • Automated market making or exchanging one asset for another without a broker or clearing house.

  • Excessive lending or the ability to “use your assets” to traders, speculators and long-term holders.

  • Stable coins or algorithmic assets that track the price of an asset without being centralized or backed by a physical asset.

Understand how to make DeFi

Stablecoins are frequently used in DeFi because they mimic traditional fiat currencies such as the US dollar. This is an important development because the history of cryptocurrency shows how volatile things can be. Stable coins like DAI are designed to track the value of the US dollar with slight deviations even during strong bear markets, that is, even if the cryptocurrency price collapses like the bear market in 2018-2020.

Lending protocols are an interesting development that is usually built on top of stablecoins. Imagine if you could seize your $1 million assets and then borrow them in stablecoins. The protocol will automatically sell your assets if you do not repay the loan when your collateral is no longer sufficient.

Automated market makers form the basis of the entire DeFi ecosystem. Without it, you are stuck in the old financial system where you need to trust your broker, clearinghouse or stock exchange. Automated market makers or AMMs for short allow you to trade one asset for another based on the reserves of each of the assets in their pools. Price discovery occurs by external arbitrage. Liquidity is pooled based on other people’s assets and they have access to trading fees.

You can now learn about a variety of assets all in the Ethereum ecosystem and without having to interact with the traditional financial world. You can make money by lending assets or being a market maker.

For the developing world, this is a great innovation because they now have access to the full range of financial systems in the developed world without any barriers to entry.

Tips for choosing the best crypto signal service

If you keep an eye on the market, crypto trading can be profitable for you. However, sometimes it can be difficult for you. Fortunately, if you need help, you can contact crypto signal services. The signals they offer can be used to make the right decision at the right time. You can choose from many service providers. Here are some tips to help you choose the right one. Read on to find out more.

Quality of service

When you decide on a service, quality is the number one factor to consider. Ideally, the trading platform should have a great success rate as far as predictions are concerned. In addition, it should provide relevant impulses to get a better idea of ​​market trends and trades.

Moreover, you should be able to receive the signal quickly so that you can make the right moves. The service provider should be able to generate signals as quickly as possible.

Reliability

Keep in mind that the service should be reliable because you will make trade decisions based on their instructions. So you may want to opt for a service you can rely on. This is the only way to make the right choice and be on the safe side.

What you need to do is hire the services of a provider that is legitimate. You will consult professional traders, not an automated software program.

Free rehearsal

How can you find out if the provider is genuine? The best way is to go to their service. Many providers offer a free trial service. This is true even if you plan to hire any service, not just a crypto store.

The trial service will allow you to find out if the service is reliable. Once you test the service, you can proceed and pay for it long term.

Prices

After the trial period, you will have to pay for the service. Here it is important to keep in mind that providers that offer crypto signals for free may not be reliable. In the same way, you may not want to pay a lot of money for the trial period either. In fact, the price of the package should be fair so that you can enjoy the service without losing your bill. So, you may want to do your homework to get the right service without spending a lot of money.

Support

While it’s great if their support is available 24 hours a day, it’s important to get the right information at the right time. They should be able to answer your questions until you are satisfied.

Without reliable customer support, you can’t benefit from crypto signal service the way you should.

In short, if you are going to hire a crypto signal service, we suggest you follow the tips given in this article. This way you can make the right choice.

Setting goals for your money

3 Factors That Determine Your Investment Strategy

You may be wondering what the right investment strategy is for you, but without knowing anything about yourself, any advice on which investments are right for you can actually be wrong. There are basically three factors that determine which investments are right for you:

1. Your age?

2. Purpose for money

3. Your risk profile

From your age. It would be foolish for you to invest all your money in growth funds if you are 65 years old, because if the market were to decline as much as the 1987 stock market crash և to a lesser extent, in the early days of the global financial crisis. In the 2000s, you have less time to recover from these setbacks, while young people have time with them.

The purpose of money is the second factor.

Decide whether you need money in the short, medium or long term.

Short-term – up to one year.

Medium term: 1-5 years

The long-term term is more than five years

Short-term expenses will be a bank account for emergencies, one-year leave, dental expenses or not paying children for one-year schooling.

There will be savings for the car in the medium term.

Will your pension fund be long-term, home savings savings or lifetime travel savings?

Your risk profile is a decisive factor in where you invest your money. If the idea of ​​diving into the stock market will give you sleepless nights, then investing in rising stocks is not for you. A better option would be managed funds, where you would be given a choice between growth, balanced “conservative funds”.

It is possible not to fall into debt because the debt is expensive, it is the interest. Interest is added to the value of goods purchased on borrowed money, which is the amount of material consumed over the life of the loan. This is called bad debt because the cost of the product decreases over time.

However, there is a good debt և this is your first home as the value of the property increases over the course of the loan, but even this is not always a good option for some people if you are living a transient lifestyle.

“Everyone has their own”, so only you know what makes you point out that your personal circumstances are the deciding factors in where to best invest your savings.

You need to do your homework before investing in anything, be it the stock market, managed assets or gold. There is so much information about everything, including finances. It’s just a matter of learning the ropes and having a financial strategy tailored to your personal circumstances.

Simple ways to buy and invest in Bitcoin

What is bitcoin?

Bitcoin is a decentralized, peer-to-peer system of digital currencies designed to give online users the ability to process transactions via a digital exchange unit known as Bitcoins. In other words, it is a virtual currency.

The Bitcoin system was created in 2009 by an undisclosed programmer(s). Since then, Bitcoin has received a lot of attention as well as controversy as an alternative to the US dollar, the euro, and commodity currencies such as gold and silver.

Rise to popularity

Bitcoin didn’t get much attention in the world of business and finance before 2009. It rose to prominence in 2011-2012 when it gained more than 300%. Bitcoin has seen a 400% growth in its value since August of last year. As a result, investors and venture capital firms around the world continue to attach importance to cryptocurrency.

In the first half of 2014, venture capital firms invested $57 million in bitcoin in the first quarter, followed by another $73 million in the second quarter with a total value of $130 million, which is 50% more than last year’s total of $88 million. . This is a complete contradiction to the scenario in 2012 where Bitcoin companies raised a relatively negligible amount of $2.2 million.

These stats prove beyond doubt that Bitcoin is worth your investment, which begs the question, How can you buy and invest in Bitcoin?

A Guide for Beginner Bitcoin Investors

The easiest and least complicated way to invest in Bitcoin is to buy Bitcoins. There are a lot of well-established companies, mainly in the US as well as abroad, that are involved in the business of buying and selling bitcoins, abbreviated as BTC.

Queen Piece

If you live in the US, Coinbase is the place to look. Coinbase provides its customers with BTC at an estimated rate of 1% over the current market price. US residents have the option to sync their Coinbase wallets with their bank accounts. As a result, future payment transfers are made hassle-free. This company also gives you the option to buy automatic bitcoin from time to time. For example, if you are interested in buying $50 of bitcoins at the beginning of each month, Coinbase allows you to set up an automatic purchase for that amount.

Consider the terms and conditions before you start using this service. If you have subscribed to the automatic bit coin service, you will not be able to control the price at which BTC is purchased each month. Note that Coinbase does not operate as a Bitcoin exchange, i.e. you buy and sell coins directly from the company. Since the company has to obtain coins from other buyers, it may encounter delays or disruptions when placing orders during rapid market movements.

BitStamp

BitStamp fits the requirements of a traditional bitcoin exchange. Bitcoin acts as an intermediary that allows you to trade with other users and not with the company itself. The liquidity here is higher and you always have a good chance of finding someone willing to trade with you. There is an initial fee of 0.5% that can be reduced to 0.2% if you trade $150,000 in a 30 day period.

Alternative ways to buy bitcoins

Local Bitcoin

Exchange is not the only way to invest in bitcoins. Local Bitcoins are often used to buy BTC offline. The site is designed to connect potential buyers and sellers. Bitcoins are treasury from the seller in escrow and can only be released to buyers.

Buying bitcoins offline is not always very reliable or secure. Hence, it’s best to meet the vendors during the day and let a friend check in with you just in case things go south.

Bitcoin is not just a recent trend. Venture capital firms consider bitcoin a viable alternative to traditional currency in the long run. There are easy ways to get into the bitcoin investment business. As mentioned before, Coinbase, BitStamp, and Local Bitcoins are the most popular channels to invest in Bitcoin in the US. Do your homework and find the route that suits you best.

Practical tips on how to trade cryptocurrencies

For some time now, I have been closely monitoring the performance of cryptocurrencies in order to gain a sense of where the market is going. The routine my primary school teacher taught me – where you wake up, pray, brush your teeth and have breakfast, moved a little on waking up, praying and then on the web (starting with coinmarketcap) just to find out what crypto assets are in red.

The start of 2018 was not nice for altcoins and related funds. Their effect was crippled by the frequent opinions of bankers that the crypto bubble would burst. Nonetheless, fiery followers of cryptocurrencies are still “guarded” and truth be told, they reap a lot.

Recently, Bitcoin returned to nearly $ 5,000; Bitcoin Cash came close to $ 500 while Ethereum found peace at $ 300. Almost every coin was hit, except for the newcomers who were still in the excitement phase. At the time of writing, Bitcoin is back on track and is selling for $ 8,900. Many other cryptocurrencies have doubled since the uptrend began, with a market capitalization of $ 400 billion compared to the recent $ 250 billion.

If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on how to trade cryptocurrencies

• Start modestly

You have already heard that cryptocurrency prices are skyrocketing. You’ve probably also gotten the news that this uptrend may not last long. Some proponents, mostly esteemed bankers and economists, usually call them plans to get rich quick without a solid foundation.

Such news can make you invest in a hurry and fail to apply moderation. A small analysis of market trends and currencies of valuable investment reasons can guarantee you a good return. Whatever you do, do not invest all your hard earned money in this property.

• Understand how stock exchanges work

I recently saw a friend of mine post a Facebook post about one of his friends who continued to trade the stock market, and he had no idea how it worked. This is a dangerous move. Always review the page you intend to use before you log in or at least before you start trading. If they give you a fake gaming bill, take this opportunity to learn what the dashboard looks like.

• Don’t insist on trading everything

There are over 1,400 cryptocurrencies to trade, but it is impossible to deal with all of them. Expanding your portfolio to more cryptocurrencies than you can effectively manage will minimize your profits. Just pick a few of them, read more about them and how to get their trading signals.

• Stay sober

Cryptocurrencies are unstable. This is their ruin and grace. As a retailer, you need to understand that wild price fluctuations are inevitable. Uncertainty about when to make a move makes someone an inefficient trader. Use solid data and other research methods to be sure when to trade.

Successful traders belong to various online forums where cryptocurrencies are discussed in connection with market trends and signals. Of course, your knowledge may be enough, but you need to rely on other traders for more relevant data.

• Diversify meaningfully

Almost everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies used in the real world. There are a few bad coins you can deal with for quick money, but the best cryptos you can deal with are the ones that solve existing problems. Coins used in the real world are usually less volatile.

Don’t diversify too soon or too late. And before you decide to buy any crypto asset, make sure you know its market capitalization, price changes and daily trading volumes. Maintaining a healthy portfolio is a way to get great benefits from this digital asset.

Let’s help you become more profitable

Many of our clients are young individuals who will consider themselves highly educated investors. But getting an education in the stock market or in the bond market is simply not enough to ensure that your current and future investments will give you the income you are looking for. Not only do you need to be constantly aware of what is happening in the markets, but you also need to be aware of the investment period at each time in your life. In a risky market, such as the stock market gambling, individuals who invest in them need to know the key analytics needed to succeed. It’s very important to know how to balance your accounts and how to manage them properly.

There are about a million different factors to consider when buying stocks, և Each stock analyst will continue to tell you his or her personal opinion on which statistics are best to consider before making a purchase. The truth of the matter is that in the end the stock market is just a legal gamble, which is really unpredictable. Yes, looking at some stocks can tell you what the future holds for companies, but if you do not spend most of your day educating yourself in the markets, you probably have no idea what the future holds. operates for most companies.

When compiling a stock portfolio, several key elements need to be considered: beta, dividends paid, and company profits. Beta gives you an idea of ​​how a change in the economy, the stock market in general, will affect that stock. A proper stock portfolio built for success must have a wide range of beta stocks. This can protect your account in the event of another stock market crash. It can also provide you with protection, while the stock market is gradually moving at a steady pace. Dividends must be taken into account when buying shares. Either companies can choose to pay dividends to their shareholders, or they can put that money back into operation in an effort to improve their business.

Many people like dividends when buying short-term stocks. We all know that stocks are meant to be a long-term investment, but many people are still trying to make a short-term profit from them. Personally, I do not invest in many companies that pay large dividends to their shareholders, as I would prefer that they use that money to grow their business and raise their stock prices as high as possible. Do not get me wrong, money is always better than money in the future, but when it comes to optimizing long-term investments, I prefer to be patient and follow the company’s success for a few years rather than an extra five. dollars per share every year right now.

DigitalTicks Exchange – Advanced Cryptocurrency Exchange

DigitalTicksExchange: Advanced Cryptocurrency Exchange!!!

DigitalTicksExchange is not just another cryptocurrency trading platform. It was designed by traders for traders. The idea for the idea started in December 2017. DigitalTicksExchangeteam comes up with the first ever CRYPTO commodity exchange. The team aims to provide the best trading platform for the cryptocurrency market.

The mission and vision of DigitalTicksExchange

With a main aim to be in the top 3 cryptocurrency exchanges by market capitalization, the team deployed robust, more powerful, and best-in-class technology required by Advanced Cryptocurrency Exchange 2018 with the aim of being the best online trading platform for cryptocurrencies. Our team is dedicated to providing the most customizable exchange platform for traders and brokers thus bringing a step closer to the goal of being the only easy-to-use exchange with the ease of trading cryptocurrency and crypto commodity.

With the increase in the number of cryptocurrency exchanges all over the world, the cryptocurrency exchange market has seen a lot of new users who are gravitating towards trading these currency swaps, but the main challenge for any cryptocurrency exchange is to deal with the security of the exchange thus building trust and confidence in the mind of the end users. . With its multi-currency wallet exchange platform, advanced security auditing systems and regular vulnerability testing, DigitalTicksExchange plans to be one of the most reliable cryptocurrency exchanges around the world.

The DigitalTicksExchange team consists of traders and industrialists. Entrepreneurs, Blockchain enthusiasts. To make the exchange successful, the innovative developers at DigitalTicksExchange have made every extra effort to understand the needs and requirements of traders from beginners to professionals. The platform is customized in such a way that it is easy to use by all market participants whether they are Hedger, Scalper, Arbitrager or speculators.

Here is a list of some of the unique features that will be offered at DigitalTicksExchange

semi-algorithm functions

View portfolio in one order

hot key function

Multiple trading tools

Multiple device compatibility

DigitalTicksExchange Token (DTx)

DTx is the token for DigitalTicksExchange UTILITY. DTx Utility token can be purchased using Bitcoin, Ethereum and wire transfers. The pre-sale of this token started on March 25, 2018, and the public sale on April 15, 2018. The token sale ended on June 15, 2018.

The team is happy to announce the successful sale of the token. During the token sale, the Token Team sold a total of 64 million tokens, thus raising $30 million. There are currently over 30,000 members in the DigitalTicks community and the number is growing faster.

Benefits of trading on DigitalTicksExchange

DigitalTicksExchange’s trading platform is much smoother and offers a great user interface with multiple functions required by traders. One of the main benefits of using our platform is that the exchange will not charge any transaction fees for the first few months. This can be a huge profit opportunity for high frequency traders. We will also offer volume-based incentives to those high-frequency traders going forward. We love our users and would like to create a fair market for all our registered users and thus help them trade cryptocurrencies for profit by providing regular research reports prepared by our team of expert researchers.

conclusion

With incentives such as the volume-based model, Maker-Taker Concept DigitalTicksExchangeis focused by providing the ease of making a trade and charging a fair price to trade. With the aim of being on top, DigitalTicksExchangeteam is dedicated to providing all the tools and support required by any of the traders to trade the cryptocurrency market. The exchange will be fully developed and launched on or before the end of August 2018. The team believes that DigitalTicksExchang will be the most advanced digital currency exchange platform for trading various cryptocurrencies as well as cryptocurrencies. !!!!

The Wild West Crypto Show continues

Here’s a frequently asked question: How do I choose which cryptocurrency to invest in – aren’t they all the same?

There is no doubt that Bitcoin has taken the lion’s share of the cryptocurrency (CC) market, and this is largely due to its fame. This phenomenon is similar to what is happening in national politics around the world, where a candidate wins the majority of votes on the basis of GLORY, and not on any proven ability or qualification to run a nation. Bitcoin is a pioneer in this market space and continues to collect almost all market titles. This GLORY does not mean that it is perfect for the job, and it is well known that Bitcoin has limitations and problems that need to be solved, however, in the world of Bitcoin there are disagreements about how best to solve problems. As the problems grow, there is a constant opportunity for developers to initiate new coins that deal with certain situations and thus differ from approximately 1,300 other coins in this market space. Let’s look at two bitcoin rivals and explore how they differ from bitcoin and from each other:

Ethereum (ETH) – Ethereum coin is known as ETHER. The main difference from Bitcoin is that Ethereum uses “smart contracts” which are objects that hold accounts on the Ethereum blockchain. Smart contracts are defined by their creators and they can communicate with other contracts, make decisions, store data and send ETHER to others. The execution and services they offer are provided by the Ethereum network, all of which goes beyond what Bitcoin or any other blockchain network can do. Smart contracts can act as your autonomous agent, following your instructions and rules for spending currency and initiating other transactions on the Ethereum network.

Ripple (XRP) – This coin and the Ripple network also have unique features that make it much more than just a digital currency like Bitcoin. Ripple has developed the Ripple Transaction Protocol (RTXP), a powerful financial tool that enables exchanges on the Ripple network to transfer funds quickly and efficiently. The basic idea is to put the money in “gateways” where only those who know the password can unlock the funds. For financial institutions, this opens up huge opportunities, as it simplifies cross-border payments, reduces costs and provides transparency and security. All this is done through creative and intelligent use of blockchain technology.

The mainstream media covers this market with the latest news almost every day, however, there is little depth in their stories … these are mostly just dramatic headlines.

The show Wild West continues …

The 5 stocks you choose crypto / blockchain have grown on average 109% from 11/17 December. Wild swings continue with daily rotations. Yesterday we had South Korea and China the latest to try to bring down the cryptocurrency boom.

South Korean Justice Minister Park Sang-ki on Thursday sent global bitcoin prices into temporary decline and virtual coin markets into turmoil when he reportedly said regulators were preparing a law banning cryptocurrency trading. Later that day, the South Korean Ministry of Strategy and Finance, one of the main member agencies of the South Korean government’s cryptocurrency regulation working group, came out and said their department disagrees with a premature statement by the Ministry of Justice on a potential ban on cryptocurrency trading.

Although the South Korean government says cryptocurrency trading is nothing but gambling, and they are worried that the industry will leave many citizens in a poor house, their real concern is the loss of tax revenues. That is the same concern of every government.

China has grown into one of the world’s largest sources of cryptocurrency mining, but now it is rumored that the government is investigating the regulation of electricity used by computers for mining. Over 80% of the electricity for Bitcoin mining today comes from China. By shutting down the miners, the government would make it harder for Bitcoin users to verify transactions. Mining will move to other places, but China is particularly attractive due to very low electricity and land costs. If China continues with this threat, there will be a temporary loss of mining capacity, which would result in Bitcoin users seeing longer timers and higher transaction verification costs.

This wild ride will continue, and similar to the internet boom, we will see some big winners, and in the end some big losers. Also, similar to the Internet, or the uranium boom, those who enter early will prosper, while mass investors always show up at the end, buying at the top.

Stay Tuned!

Trading in gold instead of gold in Forex can be very profitable

Have you ever given a gold ring to your boyfriend as a sign of your true love? Gold has been the most precious metal since the beginning of civilization. It is still considered the final currency և the final repository of value in times of political uncertainty. The gold market has been growing steadily over the past ten years as spot prices recently broke the historical barrier of $ 1,200 per troy ounce. There has been a recovery since then, with prices falling to $ 1,100 an ounce, but this upward trend will continue for some time.

Over the past decade, many investors have turned to foreign exchange following the historic stock market crash. Very small investors have lost more than 60-70% of their savings accounts as a result of a stock market crash. Now, forex is a great way to make money. They say that foreign exchange trading will make many millionaires this decade.

Most people do not know that you can trade gold in foreign currency. Many forex trading platforms that you use to trade currencies allow you to trade gold and silver against the US dollar (US) from the same platform. Both of these precious metals are in high demand in industry as the global economy recovers from the recession, and gold and silver prices are expected to rise sharply as industrial output rises and consumers start buying again. When you trade in a currency pair, you go for one currency long and the other short. That is, you just buy one and sell the other.

In Forex gold trading, you trade one ounce of gold against the US dollar (US dollars) in the spot market. So, as in the case of currency trading, when you trade gold in foreign currency, you are taking a long or short position against gold or the dollar. There are many currency pairs that you can trade, such as GBPUSD, EURUSD, UADUSD, NZDUSD, JPYUSD. In Forex, trading gold instead of gold is almost the same as exchanging gold for one currency in a pair, and the other currency is always the US dollar.

So when you trade gold in foreign currency, you are trading one troy ounce of gold against the US dollar. Interestingly, its symbol is also XAUUSD, where XAU represents one ounce of gold. Now, suppose the quotation mark in the spot market is 1100 XAUUSD. This means that one troy ounce of gold is currently $ 1,100 in the spot market.

As with any financial market, gold spot pricing has become popular. So if the price quote is 1110/1115, that means you can sell one troy ounce of gold in the spot market for $ 1,110 և buy one troy ounce of gold for $ 1,115, which means you have to pay $ 5 for one troy’s spread. ounces when Gold traded in the spot market. Spot gold is a fast-growing foreign exchange market, and the spread continues to change throughout the day.

The standard currency trading lot is now $ 100,000. But in the case of gold on foreign currency, the standard lot is equal to 10 troy ounces of gold. So if you find that the price is 1112/1117,: you are interested in going a long way. In that case you will have to buy 1 lot of gold, which is equal to 11170 dollars. Spot gold market is a fast moving market, և price quotations continue to change. So suppose after just 60 minutes you find that the quote is 1120/1126. You see the profit, you decide to go it cheap and risk the low bandwidth you are only fooling yourself. Now, if you used leverage, you would need a much lower down payment to make a $ 30 profit in just 60 minutes.

Gold is also known as anti-dollar. This means that they are the inverse ratio of gold to the US dollar. This reversal can help you safeguard your position in other currency pairs.

Early bull market or bear market trap?

For cryptocurrency investors, the most important question is whether this round of currency appreciation is a bull market restart or a bear market trap.

Yesterday evening, Bitcoin saw a sharp price rise in just one hour. The price of violence rose by about $6,800 to a maximum of $8,100. It’s up about 20% during the day. Under the leadership of Bitcoin, other virtual currencies also led to a strong recovery, with the common currency gaining more than 50%. In the face of the collective warming of the cryptocurrency market, many investors shouted that “the bull market is back.”

According to data from the CoinMarketCap website, the market capitalization of bitcoin has increased by nearly $20 billion in a single day, and the entire virtual currency market has also seen an overall growth in the market. There was no “quest” effect. According to the daily Bitcoin transaction volume exceeding $9 billion, there should have been billions of additional funds entering the market yesterday, rather than stock funds.

In fact, at the time of the Bitcoin boom, Bitfinex, the digital currency trading platform, also recorded a number of large purchases. With the increase in bitcoin buying, many short positions were forced to close their positions, which further extended the upside of the market. For this phenomenon, Nick Kirk, director of data at Cypher Capital, also agreed. At the same time, it is also believed that this sharp rebound is likely to be a response to the release of early regulatory pressures.

Pantera Capital Management, one of the world’s largest cryptocurrency hedge funds, said that Bitcoin has bottomed. $6,500 is the low point of the Bitcoin bear market. Bitcoin will be above this price for most of this year and may surpass the record high of $20,000 USD last year.

Fundstrat founder Tom Lee also expressed his confidence in Bitcoin. He believes that the current Bitcoin P/B ratio and other indicators are roughly the same as the bear market at the end of 2014, which constituted an important technical correction. Accordingly, he stated that the value of Bitcoin could rise more than three times this year and rise to $25,000 at the end of this year.

Historical data shows that Bitcoin has actually risen in the second quarter of the calendar year. In the second quarter of 2011, Bitcoin rose as much as 1964%, 36.25% in 2012… 61.98% in 2016 and 131% in 2017.

Of course, Bitcoin OTC volume is also showing signs of market recovery. Since March, bitcoin trading volumes in Canada, Europe, Vietnam, Mexico and Vietnam have soared and reached record levels.

With the successive admission of major financial institutions such as hedge fund giant Soros and the major Rockefeller Financial Group, the financial volume of the virtual money market will be further expanded.

However, it is worth noting that while Bitcoin is currently on a strong rally, it is still in a downtrend channel and has not been effectively broken yet. It remains to be seen if the cryptocurrency market has actually reversed. Investors must always be vigilant and vigilant to manage the situation.

More importantly, the world’s major bitcoin markets, including the United States, have sought to establish regulatory frameworks. Uncertainty about regulation will inevitably have a greater impact on the short-term development of the virtual currency market. In the long run, an orderly and healthy market can go even further.