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Bitcoin (BTC) Manipulation Highly Probable

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Bitcoin (BTC) being the King of Crypto, generally dictates the direction the rest of the market will take. When BTC is fumbling in the market like in the current market times, every other coin and token also fumbles. This is because BTC dominates the total market capitalization by occupying 38.4% of the current total market cap of $326.6 Billion at the moment of writing this.

A brief check on the history of BTC prices yields the King of Crypto had peaked on December 17th at a value of around $20,000. Coincidentally, this was just hours before the BTC futures started being offered by the CME group amidst lots of fanfare and delight of crypto-traders who saw this as a sign of crypto joining the mainstream of investing. However, a few traders were wary of Wallstreet getting into the business and warned that the ‘big shots’ in the big investment firms, will probably find a way to short BTC and any other crypto out there.

Coincidentally, the value of BTC and the entire market capitalization started to depreciate after the CME Bitcoin futures started being offered. Not forgetting that the CME group was also joined by the CBOE in launching the futures on the same week.

It is no secret that plenty of traders have speculated manipulation. Besides, there is no regulation to protect against it in the crypto-verse in the first place. Therefore, it is a free for all or whoever has the might to orchestrate a market coup. These type of manipulations can only be done by institutional investors, large-scale traders and any other large entity that can do this.

If it is possible for the same institutional investors to manipulate Wallstreet with all its regulations, then the crypto-market would be stealing candy from a child for them. Such moves of manipulation have been popularized by Hollywood movies such as Wallstreet (1 & 2), The Big Short and Margin Call. One thing is usually the driving force of such manipulation, pure profits. And as the Wallstreet character known as Gordon Gekko once said, ‘Money never sleeps.’ The same fictional character was also quoted as saying that greed is good [in Wallstreet].

Therefore, and with the above theory, it is highly likely that BTC has been the subject of manipulation all along. What we can then do are three things: cash out with our tails between our legs, play along by learning to trade like a professional or hope that regulation will step in to save the little guys who simply want to HODL.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Why Chinese New Year Affects Bitcoin (BTC)

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Bitcoin (BTC) lost about $100 in value in the last week, and, while reasons behind the drop in crypto prices can often be hidden and unclear — this time, that is not the case. The reason for this drop is believed to be the celebration of the Chinese New Year.

The New Year celebration was over more than a month ago for most of the modern world. However, things are a bit different in China. This is a country which is considered to be one of the oldest ones in the world, with a long and complex history. The country’s traditions are fascinating to many around the world, as so many of them are different from western culture. One of these traditions is the Chinese New Year.

The New Year celebrations in China start on January 28th, which was a week ago. The New Year itself is today, February 5th, although the celebrations and festivities are going to last until February 19th. For the people of China, and all those around the world who follow the country’s tradition, this is the time to relax, take a break, and perhaps travel and visit friends and family. But, what does it have to do with Bitcoin?

China and Bitcoin

Those who are new to the world of cryptocurrencies have likely already heard many stories about China banning Bitcoin trading and…

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Bitcoin

EO.Finance Launches Highest Paying Crypto Referral Program of 2019

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The EO Referral Program, already touted to be a significant addition to the ecosystem has been launched, and more details can finally be revealed. Offering 30% of transaction fees for each referral, it is expected to be the highest paying crypto referral program of 2019.

 

Each user will receive their own unique invite link, which can be shared with friends or via social media, in order to start earning 30% of the companies fees for every transaction made by someone who registered using their unique link. Furthermore, receive 5% of the fees for each new referral introduced by your own referral, increasing earning potential and adding even more benefits to an already feature-packed ecosystem. The fact the ecosystem supports credit and debit card transactions, as well as more than 40 cryptocurrencies means it will be even easier for you to start earning from your referrals.

 

The EO Referral Program will also extend to EO.Trade following launch, meaning it will be possible to earn from a single referrals transactions across multiple products within the EO ecosystem. It is important to note that the figure of 30% is significantly more than most competitors offer.

 

Payment will be made in the same currency as was purchased or exchanged. Withdrawal of the profits earned via the program can be made instantly, meaning you can earn immediately from your referral.…

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Is Bitcoin (BTC) Ready for Another Surge?

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It is no secret that Bitcoin (BTC) has had a rough 2018. The coin has dropped by over 80% from its all-time high in a matter of months, it experienced two market crashes, a constantly bearish market, and even troubles within its own ecosystem. Crypto investors spent the entire year hoping for a surge that never arrived, and since BTC is the most influential coin within the crypto space, its behavior usually dictates the pace for other coins as well.

Then, the year finally ended, and investors believed they could finally start anew, hoping to see BTC perform better in 2019. While Bitcoin is certainly performing better than in 2018, the current state of things is still far away from a rally. However, there is a possibility that this might change in the future.

Projects that could have sparked the next rally

As mentioned, crypto investors around the world were hoping to see a new price surge with the arrival of the new year. So far, this has not happened, and while there were several events believed to be able to boost BTC value, several complications prevent them from occurring.

One of them is the launch of the Bakkt Bitcoin Futures Exchange, which was scheduled to happen on January 24th. However, due to the long-lasting US government shutdown, the exchange failed…

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