Donald Trump’s Senior Economic Advisor Is Working on a Stablecoin


There’s at least one blockchain bull in Washington D.C. 

Stephen Moore currently serves as Donald Trump’s senior economic adviser. Moore played an instrumental role in the writing and passage of the Tax Cuts and Jobs Act (2017) and briefly entertained a Trump nomination to serve as a governor of the Federal Reserve and help manage the nation’s currency (Moore would withdraw his name from consideration.) 

Moore, a self-ascribed policy geek, counts over 35 years of working in public policy. During this time, Moore was also on the Wall Street Journal editorial board, Fox News Channel, and CNN as a senior economic analyst. 

Worth Magazine ranked Moore as the 32nd most powerful person in global finance. In 2018, Moore met the Founder and CEO of Frax (then Decentral Bank) Sam Kazemian at the SALT conference, a bi-partisan investment conference hosted by Former White House Director of Communications Anthony “The Mooch” Scaramucci. Kazemian is the co-founder of Everipedia, a for-profit Wikipedia “fork” that uses the EOS blockchain and incentivized content creation using a cryptocurrency token called IQ. 

Today, Moore serves as the Chief Economic Advisor of Frax, a decentralized fractional-reserve-based stablecoin. By its nature, Frax will compete with central banks by offering a stable digital alternative. 

We connected with Moore and Kazemian to discuss the future of stablecoins, the current political climate surrounding blockchain and bitcoin, and how the Frax team aims to establish Frax as a widely adopted digital asset.  

What does the role of Chief Economic Officer at a cryptocurrency project look like? 

Moore has spent the bulk of his career advising politicians and rallying stakeholders in advocacy of lower taxes and decreased government spending. As a senior economic advisor to Trump, Moore helped work on overhauling the US tax policy, which was passed into law by Congress in 2017. 

Today, Moore is dedicated some of his schedules to something out of the immediate wheelhouse of most in Washington: advising a blockchain startup on its creation of a stablecoin.

“One of my roles is to make sure Frax grows and grows into billions of dollars but keeps a stable value,” says Moore.

Moore also wants to help Frax escape and better navigate a murky regulatory atmosphere. 

 “Another role is to help the company navigate this undefined regulatory climate,” says Moore. “We don’t know what regulations are coming but we know there are regulations coming.  It’s not much an economist role but I’ve been in Washington for 35 years and I know how these agencies work. Regulatory agencies might try to slam the door shut on a lot of these cryptocurrencies and we want to find a way to prevent these currencies from being shut down.” 

What’s it like being a proponent for blockchain and digital assets in Trump’s administration? 

“Trump administration has had some skepticism,” comments Moore. “Not hostility, but skepticism. We want to work with the administration and ease some of their fears. Stablecoins and blockchain are not something that will blow up the economy. It should be viewed as an asset or a liability.” 

“People inside the Trump administration are intrigued. One role I’ve helped play is to increase the visibility of blockchain and digital assets. They raise objections and complaints, and I try to talk them down from the ledge. I view this as the Internet age where the government can’t stop progress. I think crypto and digital currencies are the next big thing.” 

You can’t stop technology. Let it proliferate, let people use it, and let it become the Wild West. It would be very advisable for the Trump administration to let people work this out and make their own decisions. Regulators are trying to solve yesterday’s problem and far away from the curve of solving where the best things are.”  

“Early adopters will realize its potential. We’re at a stage where 95% of people probably don’t know what it is.”

Will cryptocurrency be a topic for future Presidential elections?

“2020 no,” comments Moore. “2024 yes”

Why does the world need another stablecoin?

Frax differentiates itself from other stablecoins as an algorithmically managed reserve of cryptocurrency and digital bonds.

“We’d like other stablecoins to continue growing so we can use them as collateral to back Frax,” notes Kazemian. “We’re not another Tether or Maker clone that over-collateralized Ether.” 

But why now? Kazemian looks at the industry’s progress in the past few years as extremely productive in setting the foundation for decentralized finance. 

“I don’t think something like Frax would have been possible until the industry grew into what it is today,” says Kazemian. “Money markets like compound.finance have hundreds of millions of loans coming in. People are paying interest on those products. Tether and Dai getting a strong foothold. Tether is the fifth-largest cryptocurrency by market cap. Also, the psyche in the industry has changed that stablecoins are an important part of the ecosystem. We needed the whole atmosphere to change.” 

There is nearly $700 million locked in loans locked in decentralized finance (DeFi) contracts.

“To me, Bitcoin isn’t really a currency; it’s a commodity,” says Moore. “A speculative commodity at that. I’m not saying that to be negative. A currency retains its value over time without going way up and down in value.”

“A recession or a bear market is just a bull market for stability,” says Kazemian. “What happens when prices go down? Everything flees for the dollar. Just by logic, when there’s a bear market on one end, there’s technically a bull market for what the assets are priced in. It just makes sense. We’re seeing the same thing in crypto. Seeing utility coins and shitcoins plummet, and stablecoins like Frax are there to give investors stability and sound value.” 

What are your plans for user adoption? What does the stablecoin need to succeed?

“We view it as a multi-layered approach,” says Kazemian. “In order for Frax to grow, it needs institutional or exchange backing so people can actually use it. The second phase is once people can get access to Frax, we’ll start figuring out how to get out to the general public. We’re looking into more retail-based things like Robinhood or Cashapp and slowly move into the consumer space.” 

What’s in it for you guys?

“With most decentralized coins, there’s a 2 token system,” comments Kazemian. “People who want exposure to growth hold the volatile token. Frax works the same way. Frax shares (FXS), those tokens are hopefully going to be worth a lot. They work in a similar way. The total value of frax shares is the DCF [discounted cash flow] of all fees paid in Frax. Part of the shares has value in the entire system. It’s pretty exciting because it’s like having shares in a decentralized central bank. The original shares generated are distributed to the founding team and investors, partners– similar idea to MakerDao token.” 

Much of Moore’s blockchain support seems to be rooted in his strong Libertarian leanings. 

“I want the government to know as little about me as possible,” says Moore. “I think millions of people are like me around the world. The idea you can have a currency that’s not monitored or controlled by the government is very valuable. You can’t discount the value of a decentralized currency.”

Why peg Frax to the Dollar?

“If the value of the USD changes, we’d have to wonder about how to update the protocol to follow another peg,” says Kazemian. “It’s possible in terms of software. I can’t see a world where the USD doesn’t lose its value.”

“This is a great question,” says Moore. “Is the dollar the best thing to peg this to? There are flaws in many currencies. I lived through the 70s where we saw 15% rates of inflation. What else would you want to peg it to? One idea we thought about was pegging it to the price of gold, but it fluctuates more than the dollar. Many currencies have had much bigger peaks and values over time. It’s the best choice out there. The Dollar is simply the least rotten apple in the bunch” 

The team sees Frax co-existing and even supporting the U.S. Dollar. 

“Frax helps solidify the dollar’s role as the world currency,” comments Moore. “We see Frax as a digital world reserve currency.”

“Since Frax is pegged to the U.S. dollar, it’ll help keep it relevant,” says Kazemian. “You can move the same dollar value using a blockchain infrastructure. We’re not trying to do a weird floating currency like Libra that has a unique exchange rate to the USD. We’re actually excited because it’s a very American project.” 

Hypothetically, can Frax be shut down?

There’s nothing illegal about what we’re doing,” comments Moore. “There would be a lot of problems for the government trying to shut down. It’s a legal product. Government regulators recognize it’s a clear and present danger to their current status. They will try to figure out a way to slow it down. Government regulators, especially when it comes to technology, are always like three chess moves behind the industry.” 

“In a hypothetical world, it’s a decentralized financial product,”  adds Kazemian. If they try to take out Satoshi after they release code, people are already running it.”

In other words, once the cat is out of the bag, you can’t put it back in.

How will governments react to a widely adopted stablecoin?

According to Moore, stablecoins can serve as an important policy function that isn’t recognized by the people in policy powerhouse cities like Washington, Brussels, Tokyo, and so on.

“These cryptocurrencies will have a very disciplining effect on government currencies,” comments Moore. “As Sam was saying, there’s a saying good money drives out bad money. People are going to flow to the currency they trust. People flee to the dollar, which forces other countries to think twice about devaluing their currency.”

The large number of viable substitutes that exist, the less likely governments will be able to manipulate their currencies outside of the best interest of the public.  

“When countries get into a debt crisis, they try to depreciate the debt currency and then try to pay back debtors,” explains Moore. “It’s a way of screwing over the debtors. Now, when you’re going to have currencies like Frax out there, you’re going to see a migration to more transactions being done in Frax instead of itself.” 

The availability of substitutes such as Frax and other stablecoins is going to make it difficult for central bankers to successfully inflate or deflate a country’s currency.

“It’s going to force central bankers that they will have to keep their currencies stable. Markets will instantly punish them for not. Over time, you can see some of these debts paid back in Frax instead of a certain currency.” 

Is stability necessarily always a good thing?

“Stable currency is optimal,” says Moore. “You always want your currency to be level in value. We know from history for hundreds of years, high inflation and high deflation can have negative consequences for an economy. It gets back to Economics 100: why do you have a currency in the first place. If it doesn’t retain its value, people will use other things to trade with.”

Final Thoughts

To learn more about Frax, check out the first version of the whitepaper on Frax.finance. Currently, the team is testing some of the smart contract features on EOS and planning Ethereum integration.

It’s estimated Frax will be available on the market at some point in 2020.

This article is Originally posted on CoinCentral.com
Author: Alex Moskov

BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM – BTC Ethereum Crypto Currency Blog

Bitcoin is en-route to flipping the $7.4K resistance to support and the sharp rebound from key support levels on most major cryptocurrencies is a positive sign.

Bitcoin started the new year on a weak note and looked to be losing ground. However, the news of the killing of Iran’s General Qasem Soleimani, in an airstrike ordered by the US President Donald Trump, caused a reversal in Bitcoin’s price. This shows that the market participants have again turned to cryptocurrencies in times of uncertainty and escalating geopolitical tensions.

In other news, Antoni Trenchev, the head of decentralized finance (DeFi) platform Nexo.io, said that Bitcoin is a unique asset which is uncorrelated to the overall market. Trenchev said it is entirely possible that Bitcoin price reaches $50,000 in 2020. Trenchev said that the only thing that had come close to Bitcoin’s performance was “the rise of the US dollar against the (German papiermark) in the 1920s.”

Daily cryptocurrency market performance. Source: Coin360

Major cryptocurrency exchange Binance has added support for euro trading against six cryptocurrencies from Jan. 3. Binance CEO Chanpeng Zhao said that the exchange aims to provide fiat-to-crypto trading for 180+ fiat currencies in 2020. This move will bring crypto to the masses across the globe.

While crypto prices are benefitting from the risk-off sentiment, can this relief rally sustain? What are the important levels that will signal a change in trend? Let’s analyze the charts to find out.

BTC/USD

The bears attempted to sink Bitcoin (BTC) below the immediate support at $7,000 on Jan. 2 but the price quickly bounced back which is a positive sign. It shows accumulation by the bulls at lower levels.

BTC USD daily chart. Source: Tradingview

If the bulls can push the price above the 50-day SMA, a move to $7,856.76 is possible. The downtrend line is also close to this level, hence, we anticipate the bears to defend it aggressively.

However, if the bulls can scale the BTC/USD pair above it, we anticipate the buyers sitting on the sidelines to jump in. A close (UTC time) above $7,856.76 will also complete a double bottom pattern that has a minimum target objective of $9,278.52. Above this, a move to $10,360.89 and above it to $12,000 is possible. Therefore, we retain the buy suggested in our earlier analysis.

Contrary to our assumption, if the price turns down from the 50-day SMA and sustains below $7,000, a drop to $6,435 is possible. A breakdown of this support will resume the downtrend.

ETH/USD

Ether (ETH) has bounced sharply from support line of the symmetrical triangle, which is a positive sign. It the bulls can push the price above the triangle, a move to $157.50 is possible. Therefore, we retain the buy recommendation given in the previous analysis.

ETH USD daily chart. Source: Tradingview

However, if the bulls fail to push the price above the triangle, it will indicate a lack of demand at higher levels.

The ETH/USD pair will turn negative if the price turns down from the current levels and plummets below the support line of the triangle. Such a move will resume the downtrend with a target objective of $98.

XRP/USD

XRP has bounced off the support at $0.18339, which is a positive sign. This shows that bulls are accumulating on dips to the strong support levels. If the price can now rise above the overhead resistance at $0.20041, a relief rally to $0.23260 is possible. The aggressive traders can ride this move up as suggested by us in an earlier analysis.

XRP USD daily chart. Source: Tradingview

Contrary to our assumption, if the price fails to scale above $0.20041, the XRP/USD pair will remain range-bound for a few more days. The pair will turn negative on a break below the support at $0.18339 and the downtrend will resume below $0.17468.

BCH/USD

The dip to the support at $192.52 was bought aggressively. This is a positive sign as it indicates strong demand on dips. Bitcoin Cash (BCH) has reached close to our first target objective of $227.01.

BCH USD daily chart. Source: Tradingview

If the bulls can push the price above $227.01, the next target is $241.85. As the BCH/USD pair is backed with momentum, we suggest traders trail the stops on their long position to $191. Let’s reduce the risk.

Contrary to our assumption, if the bears defend $227.01 aggressively, the traders can book partial profits and trail the stops on the remaining position.

LTC/USD

The bears dragged Litecoin (LTC) to the support at $39.252, which held. This shows buying close to critical support level. If the bulls can now carry the price above the 50-day SMA, a move to $50 is possible.

LTC USD daily chart. Source: Tradingview

We anticipate a stiff resistance at $50. Hence, traders can watch the price action closely and book partial profits if the bulls fail to push the price above it. However, if the momentum carries the price above $50, the next level to watch out for is $60. The traders can retain the stops on their long position at $38.

Our view will be invalidated if the LTC/USD pair turns down from the current level and plunges below $39.252. A break below $35.8582 will resume the downtrend.

EOS/USD

EOS again bounced off the support at $2.4001. If the bulls can sustain the price above the 50-day SMA, a move to $2.8695 is possible. If the momentum can carry the price above $2.8695, a rally to the downtrend line is possible. This is an important resistance to watch out for because the price has repeatedly turned down from the downtrend line.

EOS USD daily chart. Source: Tradingview

The traders can watch the price action at $2.8695 and book partial profits if the bulls struggle to propel the price above it. The remaining position can be held with a trailing stop loss. For now, the stops on the long positions can be maintained at $2.40.

Our bullish view will be negated if the EOS/USD pair turns down from the current level and breaks below $2.4001.

BNB/USD

Binance Coin (BNB) slipped below the downtrend line on Jan 02. However, the bears could not capitalize on this breakdown and drag the price to $12.1111. This shows buying at lower levels.

BNB USD daily chart. Source: Tradingview

The price is currently close to the 20-day EMA. If the BNB/USD pair can rise above it, the bulls will again attempt to propel the price above $14.5201. If successful, a move to $16.50 is possible. Therefore, we retain the buy recommended in our earlier analysis.

Contrary to our assumption, if the bulls fail to break above the overhead resistance levels, the price might remain range-bound between $12.1111 and $14.5201 for a few more days. The pair will turn negative on a break below $12.1111.

BSV/USD

The bulls again defended the support at $92.693 aggressively, which is a positive sign. If Bitcoin SV (BSV) can sustain above $101.66, a rally to $113.96 will be on the cards. The traders can book partial profits at this level if the bulls find it difficult to scale it.

BSV USD daily chart. Source: Tradingview

However, if the momentum can carry the price above $113.96, a move $140 and above it to $155.380 is possible. The traders can trail the stops on the long positions to $90.

Contrary to our assumption, if the BSV/USD pair turns down from the current level and breaks below $92.693, it can drop to $78.506.

XTZ/USD

The bulls have held the $1.20 support on Tezos (XTZ) for the past four days. This shows that buyers are accumulating close to this level. If the price rises above the moving averages, a move to $1.40 and above it to $1.60 is possible.

XTZ USD daily chart. Source: Tradingview

On the other hand, if the bulls fail to sustain the price above the moving averages, the XTZ/USD pair might remain range-bound for a few days. The pair will turn negative if the bears sink the price below $1.10. We do not find any reliable buy setups at the current levels, hence, we remain neutral on the altcoin.

XLM/USD

Stellar Lumens (XLM) is consolidating between $0.042133 and $0.047799. The RSI has formed a bullish divergence, which is a positive sign. If the bulls can push the price above $0.047799, a move to $0.051014 is possible.

XLM USD daily chart. Source: Tradingview

We will turn positive if the bulls sustain the price above $0.047799. As the risk is low, we suggest traders buy 50% of the desired allocation on a close (UTC time) above $0.047799 and wait to buy the rest after the price sustains above $0.051014. The stops can initially be kept at $0.042.

If the XLM/USD pair turns down from the current levels and drops below $0.042133, the downtrend will resume.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Original Article
Author: btcethereumadmin

Why Nick Szabo Probably Isn’t Satoshi – BTC Ethereum Crypto Currency Blog

Search online for ‘possible creators of Bitcoin’ and Bit Gold creator Nick Szabo will always appear near the top of the list. His long history in the cypherpunk space, his writings on money, digital cash, and smart contracts, and some facts about his past have often been used to create a compelling picture that he is Satoshi Nakamoto. But many of the facts are misinterpreted and actually point against this theory.

Also Read: “I Designed Bitcoi… Gold” – The Many Facts Pointing to Nick Being Satoshi

Why It Even Matters

Bit Gold creator Nick Szabo is probably not Satoshi. He is not even one of the pretend Satoshis. He has said publicly several times that he is not the creator of Bitcoin. For years though, small-block bitcoiners have successfully used Szabo’s theoretical Satoshiness in the Bitcoin scaling debate to argue against changes to Bitcoin that would allow it to work better as fast, reliable digital cash.

A Useful Talking Point

During the 2017 Segwit2x fork, Litecoin creator and small-blocker Charlie Lee went as far as to use Szabo’s possible Satoshiness as an argument against an increase to BTC’s block size that would have prevented the spike in fees that occurred at the end of 2017, with the growth of forks like BCH and BSV, and helped push BTC into a two-year dark age in which adoption and price have stagnated.

In my opinion, Nick Szabo is the closest we have to Satoshi, if not Satoshi himself. With Nick and all of Bitcoin Core devs against Segwit2x, why are people still pushing for this hardfork that will split the chain?

More recently, small-blocker Dan Held shared what he said were similarities between Satoshi and Szabo to argue that Bitcoin was not intended primarily as a medium of exchange, but as a collectible and store of value.

Satoshi even refers to the earlier use of Bitcoin being a “collectible” before SoV/MoE just like Nick Szabo.

This is incorrect. Satoshi wrote he believed Bitcoin would bootstrap because it had utility and defined its earliest uses in an email on the Cryptography Mailing List as a utility token, not a collectible.

As long as someone can theoretically imagine Szabo being Satoshi though, people will be able to use him to support arguments that might otherwise be discredited with Satoshi’s writing alone. Interestingly, there’s a remarkable amount of evidence against the Szabo-Satoshi theory. Let’s put it to rest by refuting three of the popular arguments.

Why Szabo Probably Isn’t Satoshi

Claim: Satoshi was a cypherpunk like Nick Szabo

Nearly all the popular theories about the origins of Bitcoin place it firmly within the cypherpunk tradition of anarchist digital cash. The idea is that Satoshi was simply the end of a long road pioneered by cypherpunks like b-money creator Wei Dai and Nick Szabo, and that indeed because of this, Satoshi could even be Szabo. It isn’t totally baseless. In 2010, Satoshi wrote that Bitcoin is “an implementation of Wei Dai’s b-money … and Nick Szabo’s Bitgold proposal.” But there’s another explanation for this.

Thanks to statements from cypherpunk Adam Back and emails from Wei Dai, we know that Satoshi was back-crediting and citation stuffing when he said this, and that before creating Bitcoin he was likely not even aware of the prominent earlier cypherpunk attempts to create digital cash like Nick Szabo would have been.

It goes all the way back to around mid-2008, several months before Satoshi announced the whitepaper to the Cryptography Mailing List. Satoshi contacted Adam Back, who according to him suggested he contact b-money creator Wei Dai because the idea for Bitcoin sounded similar to Wei’s earlier proposal. Adam wrote that he believes it was he who got Wei Dai’s b-money reference added to Satoshi’s Bitcoin paper. In other words, Satoshi, unlike Szabo, was ignorant of b-money until Back told him about it and only added the citation to the whitepaper because Back told him about it.

Back hasn’t released any emails, but we can confirm this conversation probably took place because Wei Dai has released the emails Satoshi sent him after communicating with Back.

I’m getting ready to release a paper that expands on your ideas into a complete working system. Adam Back (hashcash.org) noticed the similarities and pointed me to your site. I need to find out the year of publication of your b-money page for the citation in my paper.

Two things are important here. 1) Satoshi didn’t even know the date to the b-money paper, information which Szabo definitely would have had, and 2) his point that Bitcoin “expands on your ideas” clearly does not mean that Satoshi was literally influenced by b-money or aware of it before creating Bitcoin. He was simply giving credit to someone who independently had some similar ideas before him and spreading the word about his new project. Wei tells us as much himself.

My understanding is that the creator of Bitcoin, who goes by the name Satoshi Nakamoto, didn’t even read my article before reinventing the idea himself. He learned about it afterward and credited me in his paper. So my connection with the project is quite limited.

He also has said that “in Satoshi’s early emails to me he was apparently unaware of Nick Szabo’s ideas.” So much for the cypherpunk origin theory of Bitcoin and its relationship to b-money and Bit Gold. It looks like Satoshi just wanted to pad his work for credibility. Szabo might be a cypherpunk, but Satoshi doesn’t appear to have been one.

Claim: Satoshi and Szabo share the same vision for Bitcoin

As we saw earlier, Charlie Lee used the shared vision argument to justify his opposition to the Segwit 2x fork, but a look at the evidence shows Szabo and Satoshi say almost entirely opposite things about important parts of Bitcoin. Compare what Szabo wrote in 2018 about scaling Bitcoin for small payments to what Satoshi wrote 10 years before.

Szabo: “I’ve always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments.”

Satoshi: “[Micropayments] can become more practical if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial.”

While Satoshi expected Bitcoin to scale onchain according to Moore’s Law using large, professional server farms, Szabo says he has always believed that digital cash would require a base settlement layer and a second payment layer. Even 15 years before Satoshi published the Bitcoin whitepaper, Szabo explained on the Cypherpunk Mailing List a two-layer digital cash that is very different from Bitcoin: “accumulating credits/debits for use of on-line services (including travel services, concert tickets, etc. purchased on-line), eventually paid for by some “real” currency: FRNs, yen, etc. Implemented with Chaum-style protocol to prevent forgery and assure privacy.”

Let’s look at two more quotes to be sure Satoshi and Szabo don’t agree.

Szabo: “…we can have multiple protocol layers instead of separate kinds of physical objects. Bitcoin the settlement & large payments layer is the “gold”; layer 2s or 3s used for retail are the “silver” and “copper”, smaller but pegged to layer 1.”

Satoshi: “Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used.”

Satoshi and Szabo both refer to gold, but while Szabo called gold a settlement too, Satoshi specifically calls it a medium of exchange in his comparison to Bitcoin. In other words, Szabo thinks Bitcoin is for settlement while Satoshi thought Bitcoin was for payments. Szabo is a small-blocker, Satoshi was a big-blocker.

Claim: Nick Szabo deliberately altered his blog to hide his tracks

Did Szabo really alter a blog post about Bit Gold? He did. In 2008, Szabo dated a blog post from 2005 to December 2008, nearly two months after the Bitcoin whitepaper was released. Szabo-Satoshi theorists have jumped on this for years as the definitive smoking gun that proves Szabo was trying to mask his involvement in Bitcoin by making it appear he was working on Bit Gold at the same time Satoshi was releasing Bitcoin, but some searching shows this isn’t as scandalous as it appears. Szabo explained this in a post on August 20, 2008 announcing that he would be doing this so that he could bump his better articles to the front of the site as ‘reruns.’

Unenumerated is going into reruns season. For the next few weeks I will be reposting the best articles from this blog. These will mostly be posts from previous years, so unless you have been a reader since the beginning or have read most of the archives many of these will be new to you.

A web archive search of the 2006 article Wet code and dry shows he began changing dates to 2008 only a few days after the announcement, just like he said he would. Redating old posts so they appear at the top in the newsfeed is a well-known practice among bloggers and Nick redated several other posts in 2008 and 2009, including The Kula Ring, which was written in 2005 but now shows September 22nd as the date.

There’s no smoking gun here, just a common blogging practice.

Final Thoughts

What we’re left with after all this is substantially more difficulty making the case Szabo is Satoshi. Satoshi doesn’t match up nearly as well with the cypherpunk origin myths that have been common for so long which are essential for the Szabo theory, his vision for scaling Bitcoin is the opposite of Szabo’s, and the popular smoking gun theory about Szabo’s blog turns out to be much ado about nothing.

If Nick Szabo is Satoshi, he has done a remarkable job of leaving bread crumbs that point the opposite way. From what we know about Satoshi Nakamoto’s abilities, admittedly, that’s not entirely inconceivable.

Who do you think is Satoshi? One person? Many? Let us know in the comments section below.


Images credits: Shutterstock, fair use.


Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Why Nick Szabo Probably Isn’t Satoshi appeared first on Bitcoin News.

https://news.bitcoin.com/why-nick-szabo-probably-isnt-satoshi/

Original Article
Author: btcethereumadmin

Price Analysis Jan 01: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM

price-analysis-jan-01:-btc,-eth,-xrp,-bch,-ltc,-eos,-bnb,-bsv,-xtz,-xlm

2020 has started on a subdued note but traders are anticipating an increase in activity that could lead to a strong directional move in the next few days.

2019 was an eventful year for Bitcoin. In the first six months, it rallied about 310%, from a low of $3,355 on Jan. 29 to a high of $13,973.50 on Jun. 26. That stoked expectations that the leading digital currency might retest its lifetime highs at $19,531.90. However, the second half of the year was a disappointment as the price continued to decline and lost over 50% from its top at $13,973.50.

As cryptocurrencies are a new asset class, they are difficult to analyze using traditional tools. Therefore, analysts have been issuing wide-ranging predictions on it. While Bitcoin enthusiasts expect the price to blow through the roof, the naysayers keep writing its obituary. 

However, the reality is, the performance has been somewhere in between success and failure. Therefore, we suggest traders not to get carried away by very high or very low targets and take their investing one step at a time. 

Daily cryptocurrency market performance. Source: Coin360

As the fundamentals of the sector continue to improve with each passing year, we expect the price-performance to catch up eventually. While it is difficult to predict the year-end targets, we expect Bitcoin and several altcoins to give enough opportunities to earn handsome profits during the year.

At the start of the new year, do we find any buying opportunities? Let’s analyze the charts. 

BTC/USD

The 20-day EMA has flattened out and the RSI is close to the midpoint. This suggests a balance between buyers and sellers. Bitcoin (BTC) is likely to remain range-bound for a few more days. If the range is between $7,856.76 and $7,000, it will signal strength and increase the possibility of a break above the range.

BTC USD daily chart. Source: Tradingview

A breakout of $7,856.76 will be a bullish sign as it would push the price above the falling wedge pattern that has been in place for the past six months. The first target is a move to $10,360.89. If this level is scaled, the next level to watch out for is $12,000.

Conversely, if the BTC/USD pair fails to stay above $7,000, a drop to $6,435 will be on the cards. We expect the bulls to defend this support aggressively. If successful, a large range between $6,435 to $7,856.76 might come into play. 

We believe a breakout of $7,856.76 offers a buying opportunity with a good risk to reward ratio. Hence, traders can initiate long positions as suggested in our earlier analysis. The pair will turn negative on a break below $6,435. 

ETH/USD

The bulls are attempting to keep Ether (ETH) above $131.84. We spot a symmetrical triangle formation that has developed near the recent lows. Usually, the symmetrical triangle works as a continuation pattern but sometimes, it acts as a reversal pattern.

ETH USD daily chart. Source: Tradingview

It is difficult to predict the direction of the breakout. Hence, traders should wait for the price to either breakout or breakdown of the triangle before taking a directional bet.

If the ETH/USD pair breaks out of the triangle, it will be a positive sign. The first target objective of such a move is $164. We suggest traders wait for a breakout and close (UTC time) above the triangle before buying. The initial stop loss can be kept below $122. If the bears sink the price below the triangle, a retest of the recent low at $117.09 is possible.

XRP/USD

Both the bulls and the bears are playing it safe, hence, XRP has extended its stay inside the $0.18339 to $0.20041 range. The 20-day EMA is flattening out and the RSI has been gradually moving up. This suggests that the selling pressure is reducing.

XRP USD daily chart. Source: Tradingview

A breakout of the range will suggest that bulls have the upper hand. Above the range, a move to $0.2326 is possible. Though the downsloping 50-day SMA might act as a resistance, we expect it to be crossed. Therefore, we retain the buy suggestion given in our previous analysis.

Our bullish view will be invalidated if the bears sink the XRP/USD pair below $0.18339. Such a move will drag the price to $0.17468.

BCH/USD

The bulls are attempting to hold Bitcoin Cash (BCH) above the 20-day EMA, which is a positive sign. However, if the bulls fail to push the price above 50-day SMA within this week, it is likely to attract further selling that can drag the price towards $192.52.

BCH USD daily chart. Source: Tradingview

The 20-day EMA has flattened out and the RSI is close to the midpoint, which suggests a range-bound action for a few days.

If the bulls propel the BCH/USD pair above the 50-day SMA, a rally to $227.01 is possible. The traders can book partial profits at this level if the price struggles to rise above it. For now, traders can keep the stop loss on the long position at $181. 

LTC/USD

The failure of the bulls to keep Litecoin (LTC) above $42.0599 is a negative sign. It shows a lack of demand at higher levels. The bears will now try to sink the price to the immediate support at $39.252. 

LTC USD daily chart. Source: Tradingview

A break below $39.252 can drag the price to the recent low at $35.8582. Therefore, the traders can keep the stop loss on the long position at $38.

The LTC/USD pair will turn bullish after the bulls sustain the price above $44. Above this level, we anticipate a move to $50. Though the 50-day SMA might offer some resistance, it is likely to be crossed.

EOS/USD

The bulls have managed to keep EOS above $2.5804 in the current dip, which is a positive sign. However, if the price does not bounce sharply within the next couple of days, the bears will attempt to sink the price to $2.4001.

EOS USD daily chart. Source: Tradingview

Conversely, if the price bounces off the current level and rises above the 50-day SMA, a move to $2.8695 is possible. If the bulls struggle to scale above this level, the traders can book partial profits on their positions. For now, the stop loss on the long positions can be kept at $2.40.

BNB/USD

Binance Coin (BNB) has been trading close to the 20-day EMA for the past two days. If the bulls can keep the price close to the current level, it will increase the possibility of a breakout of the overhead resistance at $14.5201.

BNB USD daily chart. Source: Tradingview

Aggressive traders can enter long positions on a break above $14.5201 as suggested in our earlier analysis. The first target objective is $16.50. However, if the BNB/USD pair slips below the downtrend line, it can drop to the recent low at $12.1111.

BSV/USD

Bitcoin SV (BSV) has been trading between the 20-day EMA and the 50-day SMA for the past three days. We like the way the price bounced off the 20-day EMA on Dec. 30. If the bulls can push the price above the 50-day SMA, a rally to $113.96 is possible. 

BSV USD daily chart. Source: Tradingview

The flattening moving averages and the RSI above 50 indicate that the selling pressure has reduced. Therefore, traders can retain the stop loss on their long positions at $83.

Contrary to our assumption, if the bulls fail to push the price above the 50-day SMA, the bears will again attempt to sink the price below the support at $92.693. If successful, a drop to $78.506 is possible. 

XTZ/USD

Tezos (XTZ) dipped to the first support at $1.20 on Dec. 31. Though the level held, the bulls are struggling to push the price back above the moving averages. This shows selling at higher levels.

XTZ USD daily chart. Source: Tradingview

If the XTZ/USD pair turns down from the moving averages, the possibility of a drop to $1.10 increases. The bearish crossover on the moving averages also indicates that the bears have the upper hand.

Contrary to our assumption, if the bulls can push the price above the moving averages, a move to $1.40 is possible. We do not find any reliable buy setups at the current levels, hence, we remain neutral on the pair.

XLM/USD

After failing to break above the overhead resistance at $0.047799, Stellar Lumens (XLM) is likely to dip to $0.042133. If the bears sink the price below this level, the downtrend will resume.

XLM USD daily chart. Source: Tradingview

If bulls defend the support at $0.042133, the pair might spend a few more days in a range. A break above the range will be the first indication that the bulls are back in the game. However, we will turn positive after the XLM/USD pair scales and sustains above $0.051014. Until then, we suggest traders remain on the sidelines.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Original Article
Author: btcethereumadmin

BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ – BTC Ethereum Crypto Currency Blog

The completion of the most recent brief relief rally means traders need to be extra alert as several altcoins are now facing selling pressure.

As 2019 comes to an end, traders will closely analyze the events scheduled for 2020 that might boost cryptocurrency prices. One of the most talked-about and watched events would be the halving of Bitcoin miner rewards in May 2020.

While Bitcoin’s price had surged following the previous two halving events in 2012 and 2016, it is difficult to say with certainty how the crypto markets will react this time. Many analysts are also divided on their expectations about the event. However, as halving nears, we anticipate the chart patterns will provide an insight into the likely reaction to the event.

Daily cryptocurrency market performance. Source: Coin360

Central banks have been buying gold at a record pace for the past two years. This shows that the central banks are themselves moving away from the reserve currencies and are attempting to hedge the trade war and geopolitical risks with gold.

As risks increase, the institutional investors will also look at other asset classes to hedge their portfolio. As cryptocurrencies do not correlate with any asset class, we anticipate investment in cryptocurrencies to pick up next year. Even a small portion of institutional money can start a new bull run in crypto.

While a few altcoins are looking strong, can they continue their relief rally without support from Bitcoin? Let’s analyze the charts to find out.

BTC/USD

The bears foiled the attempts by the bulls to scale the 50-day SMA on Dec. 23 and again on Dec. 29. This shows selling at higher levels. With 20-day EMA flattening out and RSI close to the midpoint, a few days of range-bound action is likely.

Bitcoin (BTC) will signal a trend reversal if the bulls can scale above the overhead resistance at $7,856.76. The downtrend line is also placed just above this level, hence, we expect a breakout of $7,856.76 to start a new uptrend. Therefore, we have retained the buy recommended in an earlier analysis.

BTC USD daily chart. Source: Tradingview

Conversely, if the bulls fail to scale above $7,856.76, a few more days of range-bound action is likely. If the BTC/USD pair consolidates between $7,000 and $7,856.76, it will signal strength.

However, a break below the immediate support at $7,000 will be a bearish sign. The next support on the downside is $6,435. Repeated retests of a support level weakens it. If the bears can sink the price below $6,435, it will be a huge negative and can result in panic selling.

ETH/USD

The bulls pushed Ether (ETH) back above the overhead resistance at $131.84 and the 20-day EMA at $133 on Dec. 29. This was the first occasion that price had closed (UTC time) above the 20-day EMA since Nov. 15.

ETH USD daily chart. Source: Tradingview

However, the bulls could not build up momentum and are facing stiff resistance at the downtrend line. The bears are currently attempting to sink the price back below $131.484. If successful, a decline to $122.496 is possible.

If the bulls defend the support at $122.496, a few days of range-bound action is likely. The ETH/USD pair will pick up momentum on a break above the downtrend line. Above this level, a rally to $157.50 is possible. The 50-day SMA at $149 might offer minor resistance but we expect it to be crossed.

XRP/USD

XRP continues to trade inside the $0.18339 and $0.20041 range. The 20-day EMA is located close to the resistance of the range, hence, we anticipate the bears to defend this level aggressively.

XRP USD daily chart. Source: Tradingview

If the price turns down from the current levels, it is likely to extend its stay inside the range for a few more days. A break below the range will be a negative sign as it will resume the downtrend.

However, if the bulls manage to push the price above $0.20041 and sustain it, a rally to $0.2326 is possible. Therefore, aggressive traders can buy on a close (UTC time) above $0.20041 and keep a stop loss of $0.183.

BCH/USD

Bitcoin Cash (BCH) broke out of the 20-day EMA on Dec. 27 and closed (UTC time) above $203.36 on Dec. 28. This triggered the buy recommendation given in our previous analysis. The 20-day EMA is turning up and the RSI has climbed above 50, which suggests that the bulls are making a comeback.

BCH USD daily chart. Source: Tradingview

Currently, the bears are attempting to defend the 50-day SMA, which is sloping down. If the price turns down from the current levels and breaks below $203.36, it will signal a lack of buyers at higher levels. Therefore, traders can keep the stop loss on the long position at $181.

Conversely, if the BCH/USD pair scales above the 50-day SMA, it can move up to $227.01, which might again act as a resistance. Aggressive traders can book partial profits at this level if the bulls struggle to break above it. However, if the buyers can carry the price above $227.01, the traders can trail the stops closely.

LTC/USD

Litecoin (LTC) closed (UTC time) above $43 on Dec. 29, which triggered the buy proposed in our previous analysis. Though the price has risen above the 20-day EMA, it lacks momentum. This shows that the bulls are in no urgency to buy at higher levels.

LTC USD daily chart. Source: Tradingview

If the bulls fail to defend the support at $42.0599, the bears might again sink the price to $39.252. If this support breaks, a retest of the recent low at $35.8582 is possible.

However, if the bulls defend the support at $42.0599, we anticipate the LTC/USD pair to move up to the 50-day SMA at $46.6 and above it to $50. The traders can keep an initial stop loss at $38, which can be trailed higher later.

EOS/USD

The bulls pushed EOS above the resistance at $2.5804 on Dec. 27, which triggered our buy suggested in an earlier analysis. The altcoin has reached the 50-day SMA, which is acting as a stiff resistance. If the price turns down from the current level and slips below $2.5804, it will indicate a lack of buyers at higher levels. The traders can keep the stop loss at $2.40.

EOS USD daily chart. Source: Tradingview

However, if the bulls keep the price above $2.5804, it will indicate strength. The 20-day EMA is trying to turn up and the RSI has climbed into the positive zone, which suggests that bulls are attempting a comeback.

A break above the 50-day SMA can carry the EOS/USD pair to $2.8695, which is likely to act as a stiff resistance. The traders can watch the price action at this level closely and book partial profits if the bulls struggle to scale above it.

BNB/USD

The bulls are attempting to propel Binance Coin (BNB) above the overhead resistance at $14.5201. If successful, aggressive traders can enter long positions as suggested in our previous analysis.

BNB USD daily chart. Source: Tradingview

A breakout of $14.5201 can push the price to $16.50. The 20-day EMA has flattened out and the RSI is just below the midpoint, which suggests that the selling pressure has reduced.

However, if the bulls fail to scale above $14.5201, the BNB/USD pair might continue to trade inside the range for a few more days. It will turn negative on a break below the recent low at $12.1111.

BSV/USD

Bitcoin SV (BSV) scaled above the overhead resistance at $92.694 on Dec. 28, which triggered our buy recommended in an earlier analysis. Thereafter, momentum picked up and the altcoin broke above the downtrend line.

BSV USD daily chart. Source: Tradingview

However, the up move is facing stiff resistance at the 50-day SMA. If the bears sink the price back below $92.693, it will indicate weakness. For now, the traders can keep the stop loss at $83.

If the BSV/USD pair rebounds off $92.693 and breaks out of the 50-day SMA, a rally to $113.96 will be on the cards. The traders can book partial profits at this level and trail the stops on the rest.

XLM/USD

Stellar Lumens (XLM) continues to trade inside the $0.042133 to $0.047799 range. The 20-day EMA is placed just above the resistance of the range. Hence, we expect the bears to defend it aggressively.

XLM USD daily chart. Source: Tradingview

If the price turns down from the current levels, it will extend its stay inside the range for a few more days. The XLM/USD pair will turn negative on a break below the range.

Conversely, if the bulls can push the price above $0.047799, it will indicate strength. However, we expect the pair to again hit a wall close to $0.051014. We will wait for the price to breakout and close (UTC time) above $0.051014 before proposing a trade in it.

XTZ/USD

Tezos (XTZ) has broken down of the 50-day SMA, which is a bearish sign. There is a minor support at $1.2 below which a drop to $1.1 is possible. The moving averages are on the verge of a bearish crossover, which indicates that sellers have the upper hand.

XTZ USD daily chart. Source: Tradingview

If the XTZ/USD pair finds support at $1.2, the bulls will make another attempt to resume the uptrend. A breakout of the moving averages will be the first sign that bulls are back in the game. We will wait for a new buy setup to form before turning positive. Until then, we suggest traders remain on the sidelines.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Original Article
Author: btcethereumadmin

BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM – BTC Ethereum Crypto Currency Blog

Several short-term buying opportunities might crop up for Bitcoin and other cryptos in the next few days. What are the critical levels to watch out for?

South Korea’s central bank plans to recruit additional digital currency experts to build on its existing research into central bank digital currency (CBDC). Along with its own research, the bank also plans to discuss the developments of CBDCs with the Bank of International Settlements and other international organizations.

While the larger economies are mulling launching or researching about CBDCs, the Central Bank of the Bahamas is expected to launch its digital currency pilot in one of the districts on Dec. 27. It plans to expand the project to another district in the first-half of 2020. 

Daily cryptocurrency market performance. Source: Coin360

The central bank of Russia, along with exploring the launch of its own digital currency, has also started testing stablecoins that are pegged to real assets. However, Elvira Nabiullina, Russia’s central bank head, has said that though the bank is studying potential uses of stablecoins, it does not “assume that they will function as a means of payment and become a surrogate for money.”

These developments show that the central banks have started to recognize the advantages of cryptocurrencies but are not willing to accept it openly. However, as cryptocurrencies find greater adoption in the real world, the central banks will be forced to up their game to keep up with the competition. This is likely to prove beneficial for crypto prices. Let’s see if we spot any buying opportunities in the major cryptocurrencies.

BTC/USD

Bitcoin (BTC) has held the first support at $7,000. This is a positive sign as it shows the willingness of the bulls to buy at higher levels rather than wait for more downside. The 20-day EMA is flat and the RSI is close to the midpoint, which suggests that the selling pressure has reduced.

BTC USD daily chart. Source: Tradingview

However, unless the price quickly bounces off the current levels, the bears will resume their efforts to sink the price below $7,000. A break below $7,000 can drag the price to the recent low of $6,435.  

Conversely, if the bulls can push the BTC/USD pair above the overhead resistance at $7,856.76, it might start a new up move. Therefore, traders can buy above $7,856.76 as suggested in our earlier analysis. We anticipate the price to take a decisive direction within the next few days.

ETH/USD

The bears thwarted the attempt by the bulls to push Ether (ETH) above $131.484 on Dec. 26. This shows a lack of demand at higher levels. Both moving averages are sloping down and the RSI is in the negative zone, which suggests that bears are in the driver’s seat.

ETH USD daily chart. Source: Tradingview

The sellers will try to resume the downtrend by breaking below the recent low of $117.09. If successful, a drop to $100 is possible.

However, if the bulls defend the support at $117.09, the ETH/USD pair is likely to remain range-bound for a few days. The first sign of strength will be a break above the 20-day EMA. Until then, we suggest traders remain on the sidelines.

XRP/USD

The bulls have managed to keep XRP above the immediate support at  $0.18339 for the past few days. This is a minor positive as it shows that the selling pressure has reduced. However, unless the bulls quickly carry the price above 0.20041, the bears might resume their selling and sink the price to the recent low of $0.17468.

XRP USD daily chart. Source: Tradingview

A break below the recent low of $0.17468 will be a huge negative as it can extend the downtrend to $0.15.

Conversely, if the XRP/USD pair rebounds off the current levels or from $0.17468, it might remain range-bound for a few days. We would wait for the pair to breakout and close (UTC time) above $0.20041 before proposing a trade in it.

BCH/USD

Bitcoin Cash (BCH) has turned around from just below the support at $183.40 on Dec. 25, which is a positive sign. The bulls are now attempting to propel the price above the resistance line of the descending channel. If successful, a move to $227.01 is possible. 

BCH USD daily chart. Source: Tradingview

The short-term traders can ride this move higher by buying on a close (UTC time) above $203.36. The stop-loss for the trade can be kept at $181, which can be trailed higher as the price moves up.

However, if the BCH/USD pair fails to break out of the channel, it might again dip back to $183 levels. 

LTC/USD

Litecoin (LTC) has been consolidating between $39.252 and $42.0599 for the past few days. Both moving averages are sloping down and the RSI is in the negative territory. This indicates that bears are in command.

LTC USD daily chart. Source: Tradingview

If the LTC/USD pair drops below $39.252, it can slide to $35.8582. Alternatively, if the bulls can push the price above the overhead resistance at $42.0599, it will signal strength. 

The short-term traders can wait for a breakout and close (UTC time) above $43 before initiating a long position. The target objective is a move to $50 and the stop-loss can be kept at $38.

EOS/USD

The bulls failed to sustain the move above $2.5804 on Dec. 26. Hence, our buy recommended in an earlier analysis did not trigger. However, the bulls are again attempting to push EOS above the resistance at $2.5804.

EOS USD daily chart. Source: Tradingview

If successful, a move to $2.8695 is possible. Therefore, we retain the buy recommendation given in an earlier analysis.

However, if the bulls again fail to sustain the price above $2.5804, it will indicate a lack of buyers at higher levels. The bears will then attempt to sink the price below $2.4001. If successful, the EOS/USD pair can plummet to the recent low of  $2.1624.

BNB/USD

Binance Coin (BNB) continues to trade in the upper-half of $12.1111 to $14 range. Though this is a minor positive, the bulls have failed to propel the price above the overhead resistance. This indicates that buying dries up at higher levels.

BNB USD daily chart. Source: Tradingview

The longer the BNB/USD pair stays inside the range, the stronger will be the eventual breakout or breakdown from it. If the bears sink the price below $12.1111, a drop to $10 is possible.

Alternatively, if the bulls propel the price above $14 to $14.50 resistance zone, a rally to $16.50 is likely. Therefore, traders can buy if the price sustains above $14.50 for four hours. The stop-loss can be kept below the most recent low. 

BSV/USD

Bitcoin SV (BSV) is stuck inside $78.506 to $92.693 range. Though both moving averages are sloping down and the RSI is in the negative territory, the price has been trading close to the top of the range, which is a positive sign.

BSV USD daily chart. Source: Tradingview

A breakout above $92.693 is likely to attract buying that can push the price to $113.96. Therefore, short-term traders can initiate long positions as recommended in our earlier analysis. 

Contrary to our assumption, if the bulls fail to push the price above the range, the bears will try to sink the BSV/USD pair below $78.506. If successful, a drop to $66.666 is possible.

XTZ/USD

The tight range in Tezos (XTZ) has resolved to the downside. The price is currently at the 50-day SMA, below which a drop to $1.10 is possible. If this support also cracks, the sentiment will turn negative. 

XTZ USD daily chart. Source: Tradingview

On the other hand, if the bulls defend the support at the 50-day EMA, the XTZ/USD pair will again attempt to resume the up move. With the 20-day EMA starting to turn down and the RSI dipping into the negative territory, the advantage is with the bears. We suggest traders remain on the sidelines until further clarity emerges.

XLM/USD

Stellar Lumens (XLM) has again risen into the top ten cryptocurrencies by market capitalization. The price is currently stuck between $0.042133 and $0.047799. Both moving averages are sloping down and the RSI is in the negative zone, which indicates that bears have the upper hand.

XLM USD daily chart. Source: Tradingview

If the bears sink the price below $0.042133, the downtrend will resume. The next support on the downside is $0.036769.

Conversely, if the bulls can push the price above $0.047799, the XLM/USD pair can move up to $0.051014. We will wait for the price to sustain above $0.051014 before turning positive.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Original Article
Author: btcethereumadmin

BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, TRX – BTC Ethereum Crypto Currency Blog

Bitcoin (BTC) and most major cryptocurrencies have entered a consolidation period and a decisive breakout or breakdown from it is now to be expected.

As the year comes to an end, the focus will shift to the major events that are expected to influence crypto prices next year. China’s launch of a digital yuan is one such event that can influence crypto prices. The People’s Bank of China’s deputy director Mu Changchun said that the digital form of yuan would not have any room to speculate on its value as it would be different from Bitcoin and stablecoins.

Though China has been against cryptocurrencies, it has been making major strides in supporting blockchain technology. The Central Bank of China has used blockchain technology to issue 20 billion Chinese yuan ($2.8 billion) of special bonds. These bonds will fund a small portion of the bank’s loan portfolio issued to small businesses.

Daily cryptocurrency market performance. Source: Coin360

The Shenzhen Stock Exchange has launched an index that will track the performance of stocks of 50 companies involved with the blockchain industry. Lu Lei, deputy head of the State Administration of Foreign Exchange said that the government “will push forward a prospective study on foreign exchange reforms to deal with cryptocurrency and explore the construction of the foreign exchange regulation and technology system under the new situation.”

While China is getting heavily involved with blockchain technology, Japanese companies are attempting to boost crypto adoption. Japanese retail giant Rakuten will allow its customers to convert their Rakuten Group loyalty points to three different cryptocurrencies, Bitcoin, Ether and Bitcoin Cash.

With the fundamentals likely to improve next year, should the investors buy at current levels or do the technicals project a deeper correction? Let’s find out.

BTC/USD

Bitcoin (BTC) turned down from the overhead resistance at $7,856.76 on Dec. 23. This shows that bears are aggressively defending the resistance levels. The immediate support on the downside is $7,000. If this level cracks, a drop to $6,435 is possible. We expect the bulls to defend this support but if it gives way, the sentiment will turn extremely negative.

BTC USD daily chart. Source: Tradingview

The 20-day EMA is flat and the RSI is just below 50, which points to a range-bound action for the next few days. If the BTC/USD pair bounces off $7,000, it will be a positive sign as it will indicate that bulls are not waiting for a deeper correction to buy. If the pair consolidates between $7,000 and $7,856.76, it will increase the probability of a breakout out of this tight range.

We anticipate a change in trend after the bulls breakout and close (UTC time) the price above $7,856.76. Therefore, we retain the buy proposed in our previous analysis.

ETH/USD

Ether (ETH) turned down from the 20-day EMA and broke below the immediate support at $125. Both moving averages are sloping down and the RSI is close to oversold territory, which suggests that bears are in command.

ETH USD daily chart. Source: Tradingview

The next stop is likely to be $117.09. If this level also cracks, the downtrend will resume. The next target to watch on the downside is $100.

Conversely, if the bulls defend the support at $117.09, a few days of range-bound action is likely. We will wait for the ETH/USD pair to break out of the 20-day EMA before turning positive.

XRP/USD

The failure of the bulls to push XRP above $0.20041 has attracted profit booking. The bears will now attempt to sink the price to the recent low of $0.17468. A breakdown of this support will be a huge negative as it will resume the downtrend.

XRP USD daily chart. Source: Tradingview

With both moving averages sloping down and RSI in the negative territory, the advantage is with the bears.

Nonetheless, if the bulls defend the support at $0.17468, the XRP/USD pair might remain range-bound for a few days. The first sign of strength will be a breakout and close (UTC time) above the overhead resistance at $0.20041. Until then, we suggest traders remain on the sidelines.

BCH/USD

Bitcoin Cash (BCH) turned down from the 20-day EMA on Dec. 23. The bears are attempting to sink the price below the immediate support at $183.40. If successful, a retest of $169.62 is possible. Both moving averages are sloping down and the RSI is in the negative zone, which indicates that bears have the upper hand. 

BCH USD daily chart. Source: Tradingview

However, if the bulls defend the support at $183.40, the BCH/USD pair will make another attempt to break out of the channel and the overhead resistance at $203.36. Above this level, a move to $227.01 is possible. We will turn positive above $203.36. Until then, we suggest traders remain on the sidelines.

LTC/USD

Litecoin (LTC) turned down from the resistance line of the descending channel on Dec. 23. There is a minor support at $39.252. If this support holds, the bulls will make another attempt to scale above the channel and the overhead resistance at $42.0599.

If successful, a rally to $50 is possible. Hence, we retain the buy recommendation given in the previous analysis. 

LTC USD daily chart. Source: Tradingview

Conversely, if bears sink the LTC/USD pair below $39.252, a retest of the recent low at $35.8582 is possible. If this support also cracks, a drop to the support line of the channel at $33 is likely. A break below the channel will be a huge negative.

EOS/USD

EOS failed to rise and close (UTC time) above $2.5804 for the past two days. However, we like that the price has not given up much ground, which is a positive sign. The bulls are likely to attempt a breakout of $2.5804 within the next few days.

EOS USD daily chart. Source: Tradingview

If the bulls can sustain the price above $2.5804, a rally to $2.8695 is likely. The 50-day SMA is placed just below $2.8695, hence, we anticipate the bears to defend this level aggressively. The short-term traders can participate in this move by initiating long positions as suggested in our previous analysis.

Contrary to our assumption, if the bears sink the price below $2.4001, a retest of $2.1624 will be on the cards.

BNB/USD

The bulls could not extend the relief rally above the $13.88 to $14.2555 overhead resistance zone. This is a negative sign as it shows that the bulls are in no hurry to accumulate Binance Coin (BNB) at higher levels.

BNB USD daily chart. Source: Tradingview

If the bulls can keep the price above $12.9624 it will indicate strength and increase the possibility of a break above $14.2555. Above this level, a rally to $16.50 is likely. The short-term traders can ride this up move as recommended in our previous analysis.

However, if the BNB/USD pair slips and sustains below $12.9624, a retest of the recent low at $12.1111 is possible. A breakdown of this support will be a huge negative.

BSV/USD

Though Bitcoin SV (BSV) scaled above the downtrend line, the bulls could not build on the strength and push the price above the overhead resistance at $92.693. This shows that buying dries up at higher levels.

BSV USD daily chart. Source: Tradingview

The price might now consolidate between $78.506 and $92.693 for a few more days. A break below this range can sink the BSV/USD pair to $66.666.

Conversely, if the bulls can propel the price above $92.693, a move to $113.96 is possible. Therefore, we retain the buy suggested in our previous analysis.

XTZ/USD

The intraday range has been shrinking for the past few days. Usually, such tightening of the range is followed by range expansion. If Tezos (XTZ) moves up sharply, supported by higher volume, a rally to $1.65 is possible. Such a move will indicate a resumption of buying by the bulls.

XTZ USD daily chart. Source: Tradingview

Conversely, if the range expands to the downside and breaks below the 50-day SMA, a retest of $1.18 will be on the cards. A break below this level can drag the price to $1.10 and below it to $0.829651.

The 20-day EMA has flattened out and the RSI is close to the center, which points to a range formation in the near term. Though we are positive on the XTZ/USD pair, we will wait for the bulls to assert their supremacy before proposing a trade in it.

TRX/USD

TRON (TRX) has again slipped back below the 20-day EMA, which is a negative sign. It shows that bears are active at higher levels. They will now attempt to sink the price to the recent low of $0.0120843, below which a retest of the critical level at $0.01124 is possible. If the bears sink the price below $0.01124, it will be a huge negative.

TRX USD daily chart. Source: Tradingview

However, if the TRX/USD pair turns around from the current level, the bulls will again attempt to push the price above the descending channel pattern. If successful, the up move might again hit a barrier at the 50-day SMA and above it at $0.0163957.

A breakout of $0.0163957 will indicate a probable change in trend that can carry the price to $0.020 and above $0.02340. We will turn positive on a breakout above $0.0163957.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Original Article
Author: btcethereumadmin

10 Best Performing Cryptos of 2019 Not Named Bitcoin – BTC Ethereum Crypto Currency Blog

Here’s a list of the best performing crypto assets — excluding Bitcoin — for 2019.

Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility. 

For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July, the market at large had witnessed an influx of bullish momentum that pushed the total capitalization value of this space to a whopping $373 billion. Following this period, the aforementioned bull run proceeded to subside quite a bit, with the market now hovering a tad under the $200 billion threshold. 

A few cryptocurrencies maintained a strong financial standing all year long and were able to stave off the various economic slumps that were observed throughout 2019. Here are the standout cryptos not named Bitcoin. 

ChainLink 

While a fair few people may be surprised to see ChainLink (LINK) in the list of the best-performing cryptocurrencies of 2019. The platform essentially seeks to bridge the gap that exists between blockchain-based smart contracts and real-world applications.

From an economic standpoint, LINK started the year relatively slow — with the price of a single token rising from $0.31 to just over $0.45 over a five-month period. However, by the first week of July, the currency reached its financial apex, with a single LINK token being traded for as high as $3.74. And while the currency has lost a bit of its insane financial momentum over the last couple of months, LINK is still trading slightly above the $1.90 mark. 

All in all, the LINK/USD trading pair has surged by over 500% since the start of the year, and the LINK/BTC pair has also gained more than 300% over the same time period — which is quite an impressive feat, to say the least. 

Binance Coin 

Released onto the market back in mid-2017, Binance Coin (BNB) is a token that can be used for trading purposes as well as for the facilitation of various fee-related payments within the Binance exchange platform. Not only that, but Binance also provides BNB holders with various incentives and discounts for making use of the digital currency for internal transactions.

In regard to BNB’s performance, the currency started the year at a price point of around $6. However, by the final week of May, the price of a single BNB token rose to $35.20 — thereby signaling a growth of more than 450%. During the third quarter of 2019, BNB’s value slid from $33.10 to $15.79, thus showcasing a drastic reversal in the currency’s fortunes. However, over the last couple of months, BNB’s value has remained relatively stable, with the asset’s average value in December currently floating just below the $14 mark.

Since the start of the year, the overall value of the BNB/USD pair has increased by over 140%.

Tezos 

Tezos (XTZ) is a decentralized computing platform that makes use of a formal verification protocol as well as a proof-of-stake consensus module for its internal governance-related matters. In regard to how the system works, XTZ holders who stake their tokens are eligible to receive additional tokens as an incentive for creating and verifying blocks.

From a financial performance standpoint, XTZ started off the year at a price point of $0.47. However, by the end of the first quarter of 2019, the value of a single token had scaled up to an impressive $1.06. XTZ’s performance continued to surge between April and June, with the currency touching its annual high of $1.88 on May 19. During this year’s third quarter, XTZ’s value continued to hover around the $1–$1.20 region. However, since the start of December, the crypto asset has once again picked up momentum, with a single token currently trading for $1.51.

Over the course of 2019, the value of the XTZ/USD trading pair has increased by over 190%.

Synthetix Network Token

The Synthetix Network Token (SNX) is an ERC-20 token that is meant to facilitate all of the native transactions associated with the Synthetix exchange. Additionally, SNX tokens are traded using a peer-to-contract model and are also used as collateral to back SNX synthetic assets, called Synths, that are employed within the Synthetix Network to track the market value of any basic asset.

Between January and April, the price of a single SNX token touched a maximum of $0.07. However, since May, the digital currency has continued to soar in value — with the only major slip coming on Nov. 26, a time when the crypto market at large experienced a major financial pullback.

Overall, since the start of 2019, SNX’s value has increased by over 200%, with the currency currently trading for $1.33.

Bitcoin Cash 

Currently one of the market’s top 10 cryptocurrencies, Bitcoin Cash (BCH) is basically a hard fork of Bitcoin.

From a financial perspective, one BCH was trading for $135 during the second week of January. However, by the beginning of April, the currency had soared to over the $300 threshold. The currency reached its annual monetary apex on June 26, when the asset was trading for $479.96. During the third quarter of 2019, BCH’s value remained relatively stable — hovering around the $300 mark — but since the start of November, the currency has been continually slipping in value, with a single coin currently trading just over $195.

All in all, over the course of the last 12 months, the value of the BCH/USD trading pair has risen by over 30%.

Cosmos 

Cosmos (ATOM) is a decentralized network comprising of various blockchains that are independent, scalable and interoperable. The platform has gained a lot of attention over the course of 2019, especially since cryptocurrency associated with the network, ATOM, surged dramatically during the month of May. To put things into perspective, it bears mentioning that on Jan. 1, ATOM was trading for a price of $0.001. 

As things stand, the currency is selling well over $4.20.

Litecoin

Litecoin (LTC) is a top 10 cryptocurrency that was created by Charlie Lee to serve as a more resource-friendly version of Bitcoin. 

LTC was trading for $32 during the first week of January. But by June 22, the altcoin had risen to an impressive price point of $141.73. Since then, LTC’s performance has continued to decline, with the currency trading for an average price of around $43 throughout December.

All in all, the value of the LTC/USD trading pair has increased by around 40% since the start of the year.

Basic Attention Token

Basic Attention Token (BAT) is a digital currency used in the Brave internet browser. Brave is a blockchain-based internet browser that incentivizes its users’ internet habits by rewarding them with BAT tokens for watching ads, spending a certain amount of time on a particular website, etc. From a technical standpoint, the browser’s native framework is quite similar to that of Chromium — a project that was created by Brendan Eich, the man behind JavaScript and the co-founder of the Mozilla project. 

BAT started off the year trading at around $0.13. However, by the second half of April, the currency had already scaled up to its annual high of $0.44. Following this period, the top 50 asset continued to slide in value until September, after which it once again began a financial ascent, reaching a relative high of $0.27 on Nov 17. Since the start of December, BAT’s value has remained relatively stable around the $1.70 region. 

Over the course of 2019, BAT’s value has increased by around 35%.

Ether

Ether (ETH) is a top 10 crypto asset that is widely recognized as being the second most popular digital asset (i.e., after Bitcoin) on the market today. Ethereum developers envisioned the platform as a “world computer” for smart contracts — a digital protocol that helps facilitate, verify and enforce a contract whose terms have been predetermined. Not only that, but the Ethereum ecosystem also allows for the issuance of ERC-20 tokens.

On Jan. 13, Ether was trading for $116. However, over the course of the following six months, the value of the second-biggest cryptocurrency continued to increase, finally scaling up to its annual high of $334.66 on June 26. Following this period of bullish momentum, Ether once again continued to slide before finally settling down around a price range of $150–$180, except for a brief period in September when the currency surged above the $210 mark. 

Since late November, Ether has been trading steadily between $130 and $150, thereby showcasing an overall value increase of around 20% since the start of the year.

EOS 

EOS is a cryptocurrency platform that can be used by developers to devise a number of novel decentralized applications. In this regard, the EOS token is used to facilitate the eponymous system’s native transactions as well as its internal processes. Additionally, the EOS blockchain has been designed to be highly scalable and leaves a lot of room for customization — which is one of the main reasons why the project is so popular in the first place.

In terms of EOS’s financial performance, the digital currency was trading for $2.23 during the second week of January. Between the months of February and May, the asset surged quite dramatically, with the value of a single token reaching a price point of $8.54 on May 31. Over roughly the next five months, the currency’s value continued to float between $3–$3.80. However, since the last week of November, EOS has remained quite stable, currently trading around the $2.55 mark. 

Presently, the EOS/USD trading pair has gained around a 10% value since the start of the year.

Original Article
Author: btcethereumadmin

BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, TRX – BTC Ethereum Crypto Currency Blog

Bitcoin strong move to $7,600 signals that trend change could be in the making and has also created buying opportunities for select altcoins.

Bitcoin is leading the recovery from the front, which is a positive sign. This shows that bulls have used the recent dip to buy. As a result, Bitcoin’s dominance has increased to 68.9%. Former Wall Street trader Tone Vays believes that Bitcoin will increase its dominance further in 2020, perhaps as high as 85%.

Although institutional money will enter Bitcoin first, it is unlikely that other altcoins will wither away. After investing in Bitcoin, large investors are likely to diversify into select altcoins. The next bull run is likely to be led by Bitcoin and a handful of altcoins. Hence, traders should keep a watch on the leaders and invest in them rather than buying the laggards in hopes of a dramatic recovery.

Daily cryptocurrency market performance. Source: Coin360

Most investors who bought the Initial exchange offerings (IEOs) in 2019 have been on the losing end those who purchased these IEOs after their listing on the exchanges fared much worse. 

According to a report by BitMEX Research, almost all of the major IEOs launched in 2019 are down over 80% compared to their price upon listing. This shows that traders should be prudent with their investments and should not be driven by greed.

With the recent recovery in prices, we have identified several trades for the short-term. Traders do not need to take all these trades, rather, they can pick and choose the one they are most confident with. 

Short-term trades should be monitored regularly and the stop loss should be trailed to protect the paper profits. Let’s see which major cryptocurrencies offer a buying opportunity?

BTC/USD

The bulls pushed Bitcoin (BTC) above the 20-day EMA at $7,294 on Dec. 22. This was Bitcoin’s first closing (UTC time) above the 20-day EMA since Nov. 10. With the recent rise, the 20-day EMA has flattened out and the RSI has risen into the positive territory, which suggests that bulls are back in the game. 

BTC USD daily chart. Source: Tradingview

If the bulls can push the price above $7,856.76, the BTC/USD pair will complete a double bottom pattern. This pattern has a minimum target objective of $9,201.51 and above it $10,360.89. 

Therefore, traders can buy on a close (UTC time) above $7,856.76 and keep an initial stop loss of $7,000. Though there is stiff resistance at the downtrend line, we anticipate it to be crossed.

Our bullish view will be invalidated if the pair turns down from $7,856.76. In such a case, a few days of range-bound action is likely. The trend will turn negative on a close (UTC time) below the recent low of $6,435.

ETH/USD

The bulls are struggling to sustain the price above $131.484. Both moving averages are sloping down and the RSI is in the negative zone, which shows that bears are in command. 

The bears will now attempt to sink Ether (ETH) below the immediate support at $125. If successful, a drop to the recent low at $117.09 is likely. A break below this level will resume the downtrend. The next support on the downside is $100. 

ETH USD daily chart. Source: Tradingview

However, if the bulls support the price at $131.484, we anticipate another attempt to scale above the 20-day EMA at $143. If successful, a rally to the 50-day SMA at $157.50 is possible.

The short-term traders can stay on the long side if the ETH/USD pair closes (UTC time) above the 20-day EMA at $143. However, we suggest positional traders wait for a new buy setup to form before initiating long positions.

XRP/USD

The intraday range in XRP has been shrinking for the past few days, which shows a build-up of energy. As the price has been trading close to the overhead resistance at $0.20041, we anticipate the bulls to push the price above it.

XRP USD daily chart. Source: Tradingview

Though the 20-day EMA is placed just above $0.20041 resistance, we expect the bulls to push the price above it. On a close (UTC time) above $0.20041, a rally to $0.2326 is possible. The short-term traders can buy on a close (UTC time) above $0.20041 with a stop loss of $0.1740.

Contrary to our assumption, if the bulls fail to propel the price above $0.20041, the XRP/USD pair might retest the recent low at $0.17468.

BCH/USD

Bitcoin Cash (BCH) is currently trading inside a descending channel. We anticipate the bears to mount a stiff resistance at the resistance line of the descending channel, which is just above the 20-day EMA at $201.  

BCH USD daily chart. Source: Tradingview

If the price turns down from the resistance line of the channel, it can again dip to $183.40 and below it to $169.62.

However, during the next fall, if the bulls keep the price above $192.52, it will be a positive sign and a breakout of the channel is likely. A breakout of the channel can carry the price to $227.01. The short-term traders can buy if the price sustains above $204 for four hours with a stop loss of $183.

LTC/USD

Litecoin (LTC) has pulled back to the 20-day EMA at $43, which is just above the resistance line of the descending channel. We anticipate the bears to defend this resistance aggressively. If the price turns down from the current levels, it can correct to $39.2520. A break below this level can drag the price to the recent low of $35.8582.

LTC USD daily chart. Source: Tradingview

However, if the bulls push the LTC/USD pair above the 20-day EMA, it will be a positive sign. The next level to watch on the upside is $50. The short-term traders can buy on a close (UTC time) above the 20-day EMA and keep a close stop loss of $39.

EOS/USD

EOS has been trading between $2.4001 and $2.5804 for the past four days. This is a positive sign as it shows consolidation close to the overhead resistance. If the bulls can sustain the price above $2.5804, a rally to $2.8695 is likely. The short-term traders can buy on a close (UTC time) above $2.5804 with a stop below $2.4001.

EOS USD daily chart. Source: Tradingview

Contrary to our assumption, if the price turns down from the current levels, it will extend its stay inside the range for a few more days. If the bears sink the price below $2.4001, a drop to the low at $2.1624 is possible.

BNB/USD

The relief rally in Binance Coin (BNB) has reached the overhead resistance zone of $13.88 to $14.2555. The 20-day EMA at $14.35 is placed just above this zone. We anticipate the bears to defend this zone aggressively.

BNB USD daily chart. Source: Tradingview

If the price turns down from this zone, the BNB/USD pair can dip to $12.9624 and if this level also cracks, a retest of the recent low at $12.1111 is possible.

However, if the bulls can sustain the price above 20-day EMA, a rally to $16.50 is possible. The short-term traders can buy on a close (UTC time) above $14.40 with a stop below $12.90. 

BSV/USD

Bitcoin SV (BSV) has broken out of the downtrend line. The bulls will now try to push the price above the overhead resistance at $92.693. If successful, a move to the 50-day SMA at $106.9 and above it to $113.96 is possible. The traders can buy on a close (UTC time) above $92.693 with a stop below $83. 

BSV USD daily chart. Source: Tradingview

However, if the price turns down from $92.693, the BSV/USD pair might retest $78.506. If this support holds, the pair might consolidate between $78.506 and $92.693 for a few more days. The downtrend will resume on a break below the recent low at $77.203.

XTZ/USD

Though the intraday price action in Tezos (XTZ) has been volatile, its daily closing (UTC time) has been just above or below the 20-day EMA for the past five days. This shows indecision among the buyers and sellers. 

XTZ USD daily chart. Source: Tradingview

The 20-day EMA has flattened out and the RSI is close to the midpoint, which suggests a range-bound action in the near-term. The level to watch on the downside is $1.18 and on the upside is $1.65. Though positive, we would wait for the XTZ/USD pair to sustain above the 20-day EMA before suggesting a trade in it.

TRX/USD

TRON (TRX) has once again claimed its spot among the top ten cryptocurrencies by market capitalization, hence, it has been included in our analysis. During the recent fall, the altcoin did not break below its critical support at $0.01124, which shows that the bulls are accumulating on dips.

TRX USD daily chart. Source: Tradingview

The relief rally from the recent low has risen above the 20-day EMA, which is a positive sign. However, we anticipate the bulls to hit a roadblock close to $0.0163957. If the price turns down from this level, a few days of range-bound action is likely.

Contrary to our assumption, if the bulls can push the price above $0.0163957, a rally to $0.0234 is possible. We will wait for the TRX/USD pair to rise above $0.0163957 before suggesting a long position in it.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Original Article
Author: btcethereumadmin

Where to Buy With Crypto This Festive Season – BTC Ethereum Crypto Currency Blog

Here are a few websites that can help you finish your Christmas shopping using crypto.

Christmas is just around the corner, which means it’s time to get your holiday shopping out of the way for good. And while online retail giants such as Amazon and eBay have made online purchasing wonderfully simple for the average person, they do not really cater to a growing population of individuals who are looking to use their crypto for digital payment purposes.

While a number of startups have entered this space over the last three to four years due to issues relating to market volatility, certain remaining setbacks need to be tackled before the sector can really flourish.

But setting the issues aside, here is a list of online retailers that accept not just Bitcoin (BTC), but a whole host of other popular crypto assets.

Overstock.com

Overstock.com is widely considered to be one of the best shopping destinations for Bitcoin holders. For Christmas shoppers especially, this website is an absolute treasure trove, as it allows users to purchase items ranging from television sets to furniture to golfing equipment using crypto. Not only that, even the checkout process is seamless, since all one has to do is click on the “Pay with Bitcoin” button and follow the instructions.

And while Overstock does not allow BTC payments on its mobile site, it does enable customers to use their Bitcoin in conjunction with any other valid gift cards, coupons, and credit points that they may own. Additionally, in the event of a refund, Overstock issues the exact amount of crypto per its price at the time of the transaction.

Alagoria

When it comes to making purchases from retail giants like Walmart, Home Depot and Amazon, most crypto enthusiasts have to first liquidate their coins and then process their payments in fiat. However, this holiday season, Alagoria is allowing its customers to get a 10% discount on all purchases made via HomeDepot and Walmart using cryptocurrencies.

To shop on Alagoria, customers simply need to copy and paste the URL of a product they want to buy into the search bar on the platform. They can then proceed to checkout and pay for the item using the crypto of their choice — with the conversion rate set before the payment takes place.

Once this process is done, Alagoria notifies customers of their completed orders and provides a tracking number. Most items are usually delivered within a period of three to four business days.

Lastly, the company allows customers to use discounted gift cards from Walmart and Home Depot to fulfill order payments, and even have an open buy-back offer on most gift cards from the aforementioned retailers at the moment.

eGifter

People looking to present their loved ones with premium gift cards can use eGifter, a platform that enables customers to buy a wide range of gift cards from big-name brands like Amazon, Apple, Macy’s, Adidas and GameStop. Items can be purchased using digital currencies (like BTC, BCH, Dash, LTC and ETH) and can be obtained in either physical or digital form.

Also, quite like many other retail firms today, eGifter makes use of an internal point system, wherein regular customers can collect eGifter credit every time they buy a gift card. These points can then be used during future checkouts in lieu of instant discounts and other monetary benefits.

Bitcoin Superstore

Florida-based Bitcoin Superstore is the perfect shopping avenue for people looking to make purchases from Amazon.com using their crypto savings. Even though the platform has its headquarters in the United States, it extends its shipping services to more than 50 countries across the globe.

Not only that, for couples and solo travelers looking to explore the world at this time of year, the platform enables flights and hotels to be booked through mainstream platforms such as Expedia or Priceline.

Navigating and operating Bitcoin Superstore is quite simple, as customers only have to copy and paste a product URL in the provided search column and add the price so the platform can automatically calculate the applicable sales tax and present the user with the final amount to be paid.

Bitcoin Superstore currently supports a large number of cryptocurrencies, including many popular ones. Not only that, but the website also sells a wide range of gift cards and discount coupons for merchants from industries such as electronics, travel and hospitality. 

CheapAir

People looking to make a quick holiday getaway this Christmas can explore CheapAir.com, since it currently has a number of discount deals on flight tickets to destinations around the globe.

However, what makes this platform really stand out from the rest is the fact that it allows users to complete their purchases via Bitcoin. The entire process is quite straightforward and based on the digital currency’s USD value at the time of booking.

Newegg

For tech enthusiasts looking to buy the latest electronics this Christmas season, Newegg is the place to be. The website offers users with a wide range of gadgets ranging from high-end gaming laptops, desktop computers, hardware components and audio/video peripherals. Additionally, the platform also offers customers quality products from big-name brands like Microsoft, GigaByte, Corsair, AMD, Msi and Seagate amongst others.

Regarding how the payment process works, customers can proceed to initiate a BTC payment after deciding on a product by simply scanning the provided QR code and sending the amount due in crypto to the given address. After the funds have been moved, the Newegg team sends an email confirmation containing all of the purchase and delivery details.

Olodolo

Christmas shoppers looking to buy clothing, jewelry, cosmetics and fashion accessories can consider Olodolo — a platform that specializes in helping people buy items on Aliexpress using cryptocurrencies.

The checkout process is similar to that of other retailers, and delivery is available to a large number of countries worldwide. All payments are processed by a POS operator called Coinpayments, and the final price (including shipping and other associated taxes) is displayed at the end along with the three cryptocurrencies supported — Bitcoin, Litecoin and Ethereum — that a customer can choose from to complete the process with.

Forra

Forra can be thought of as the Ebay equivalent of Olodolo, as it allows customers to purchase a wide range of Ebay listings using crypto assets such as BCH, BTC, LTC and ETH. In order to ensure the security of its internal monetary transactions, Forra makes use of an escrow system and charges users a flat 3% fee on each individual purchase.

For Christmas shoppers looking to buy electronic items (computers and laptops in particular), software, books and game titles, Forra is definitely a website worth checking out.

Original Article
Author: btcethereumadmin