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Stellar Price Loses More Ground Across the Board

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The going has gotten rather tough in the world of cryptocurrencies these past few days. An ongoing bearish trend is wreaking a bit of havoc among most of the alternative markets right now. While most top markets are trying to hold their own, the Stellar price is giving up a lot of ground. This appears to be a continuation of a one-month downtrend which will not relent.

Stellar Price Decline Continues Unabated

Although it has become somewhat quiet on the Stellar Lumens front, it would appear the price continues to decline as of late. For people who have been looking at XLM for more than a few days, this will not come as much of a surprise. This downtrend has been in effect for over a month now, ever since traders lost control over the $0.1 level.

Even the most recent market revival has not kept the XLM value afloat for very long. This became apparent in the past few hours, as the Stellar price has dropped by another 3% in USD value, to $0.088. In XLM/BTC, there is also a 2.4% decline, as one XLM is now priced at 2,234 Satoshi.  It is evident this asset is not doing too well, and its trading volume is seemingly not picking up either.

On social media, it quickly becomes apparent some interesting discussions are taking place. Some people are actively discussing how old or new the XLM technology really is. According to Electra-Highway, the initial protocol is based on eight-year-old technology, which is not what most people would expect. However, that doesn’t automatically make it better or worse than some of its competitors on the market today

The Stellar Consensus Protocol is not at all superior to the XRP Ledger Protocol. In fact, it is in many ways its equal and is only better than Ripple for certain applications and use-cases.

These answers should help explain things more clearly…https://bitcoin.stackexchange.com/questions/29815/what-is-the-difference-between-ripple-and-stellar/38913#38913 

What is the difference between Ripple and Stellar?

I went through the site but I don’t see how Stellar differs from Ripple. I see that there are differences in distribution, everything is made open source from day one and the company is non profit

Coinogaritma, on the other hand, is currently looking at the price chart from a slightly different perspective. More specifically, this trader wonders how long it will take until XLM begins heading in a specific direction. For now, it is evident this can easily swing either way, primarily because the bearish pressure on Bitcoin will not relent anytime soon.

View image on Twitter

View image on Twitter

For those traders who simply want to pocket some profits and not worry about much else, triangular arbitrage will have one covered first and foremost. There is one interesting triangular arbitrage option involving HST, XLM, and a few different exchanges. This opportunity can net a potential profit of up to 42.8%, which is quite a spectacular amount under bearish circumstances

All of the market signs seem to indicate today will not see much of a market reversal right away. The one positive side is how Bitcoin’s downfall is kept to an absolute minimum, even though alternative markets tend to lose a ton of value regardless. For XLM, the lack of an increased trading volume, combined with further XLM/BTC losses, can prove to be somewhat problematic.

 

source:nulltx.

Bitcoin

Best Platforms for Buying Crypto in 2019

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Source: Pixabay

The cryptocurrency trading market is a volatile place at the best of times, with even some of the most reputable platforms being known to change the T&Cs overnight. People looking to buy Bitcoin have been saddled with delayed transactions or even having their transactions cancelled by a platform without any prior warning or explanation.

Recent disasters such as the death of the founder of the currency exchange QuadrigaCX, which locked out $135 million worth of crypto, has left the community scrambling for trusted and secure methods with which to buy and sell their e-currency. Here are the best platforms for buying crypto in 2019. 

Binance 

This handy mobile exchange has been regularly topping the rankings as one of the best exchange platforms around since it first launched a couple of years back. Binance has quickly emerged as one of the most popular exchanges around, thanks to the huge variety of currencies that can be bought and sold on it, as well as the shockingly low trading fees. The security features are top-notch and customer service is good, with a dedicated 24/5 helpline and live chat feature that users can access for free. It doesn’t get much better than this. 

PayPal 

While you can’t sell your Bitcoins via PayPal, the world’s largest digital payment platform is still one of the best options around for buying cryptocurrency of almost any type. Despite a few setbacks a couple of years ago, you can now use it to safely, securely, and instantly buy e-currencies without having to put up with extortionate trading fees. PayPal’s commitment to instant transactions and top-notch security is what made it popular with a huge variety of vendors, including online sports betting sites. Authoritative betting review sites like have long listed an acceptance of PayPal payments as being key to customer satisfaction, so it’s a relief that you can now reliably buy bitcoin and other currencies via the platform.  

CEX

If you’re looking to buy cryptocurrencies with a credit or debit card, CEX is by far the best option in 2019. The UK-based platform accepts all major cards, including VISA, Mastercard, American Express, and Discover, charging a small fee of 3.5% plus 25p per transaction, putting this platform firmly at the lower end of the scale. Its verification process for new users is mysterious but well-regarded, given that most users are given the OK within just a couple of hours. Limits are pretty generous, with a minimum buy of 0.1 BTC per day and a maximum buy of 10 BTC. It also operates in the vast majority of countries and territories worldwide, although those located in the Middle East or Africa who are looking to buy are out of luck here. 

It may come as no surprise that the best and most-trusted platforms for buying crypto are also the largest on the market. Smaller platforms are best avoided in 2019, as they are simply too vulnerable to disruption. 

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Analysis

Bitcoin price analysis: BTC/USD rejects $9,300 support; Desmond Marshall, head of the Floor HK says “China’s Crypto Ban Won’t Be Lifted Soon,”

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  • The situation in China is a little bit sensitive at this point around here,” says Marshall.
  • Bitcoin price trading within support and resistance levels; while 61.8% Fibo will stop further declines towards $9,000.

Bitcoin price, like most of the top ten cryptocurrencies, is down 2.67% in the last 24 hours on Monday. The king of the digital assets by market capitalization is trading below the bullish trend line we observed during last week. BTC/USD has recently, broken below the support level at $9,300 and is currently testing another immediate support level at $9,250.

China, on the other hand, is not even close to the idea of lifting the ban on cryptocurrencies. However, as digital asset trading dwindles in the country, blockchain technology is highly welcome and continues to grow. The managing director in a recent interview with the Finance Magnets said: “the situation in China is a little bit sensitive at this point around here.” He added that the topic of blockchain approached with care and distinction from cryptocurrencies.

“In terms of blockchain technology, China is quite open and welcomes this kind of discussion as well. But, of course, if we’re talking about cryptocurrencies or ICOs, that’s a definite no-no,” said Marshall.

While commenting on the intentions of the PBOC to come up with DCEP (Digital Currency Electronic Payments), he said:

“The key phrase here is ‘how it’s being used’,” he explained. “In terms of the application of it, they’re talking about electronic payments. We’re talking about consumer payments–buying a can of soda, paying rent, or just buying commodities (a handbag, etc.)”

Bitcoin price analysis

Bitcoin price is dancing within the support and resistance zones provided by the moving averages on the 240’ timeframe chart. On the upside, the BTC/USD will face resistance at 50 SMA close to $9,400, however, before that, the buyers must go beyond the selling pressure present at $9,300. On the downside, the immediate support is at $9,250, the 100 SMA will offer support around $9,225. The next target is the 50% Fib retracement level with the previous swing high of $11,675 and a low of $6,450 in the event of a continued downside movement towards $9,000.

BTC/USD 240’ chart

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