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Brian Kelly Predicts Bitcoin Pullback, Says ‘Generational’ Buying Opportunity Ahead

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CNBC’s resident crypto bull Brian Kelly says he’s bearish on Bitcoin’s trajectory in the short term.

On a new episode of Fast Money, the CEO of crypto investment firm BKCM reiterates his belief that traders should track the number of active Bitcoin addresses as a leading indicator of where its price may head next. Due to a recent decline in active addresses, which he equates to the number of daily active users on more traditional platforms like Facebook, Kelly says he believes Bitcoin will sink lower in the near future.

If and when that happens, Kelly says the dip will present a once-in-a-lifetime opportunity to enter the market.

“I think the price has gotten a little ahead of itself. That said, there’s going to be a chance here – and we saw it back in December and January of this year – for you to buy Bitcoin. And it’s going to be a generational buy at that point. It’s just not here I don’t think. So in the short term, I’m a little bit cautious.”

Kelly also outlines the signs he’s looking for that he thinks will indicate a new BTC rally is on the horizon.

“Number one will be, we see the price going down and those addresses going up. That’s what we saw in December and January. We saw the price continue to crash down and the activity on the network was really increasing. So that’s probably the biggest thing I’ll look for. The second thing is the sentiment, in terms of does everybody think Bitcoin’s dead again? When people start saying that, then I’ll get real bullish.”

As for the reasons Bitcoin’s active addresses are trending down, Kelly says institutional traders may be increasingly turning toward derivatives, such as CME’s Bitcoin futures.

“The reason why it could be different this time is there’s a lot of institutions trading derivatives. So they’re not necessarily getting a spot address like a bank account. So that could be what’s going on here and it’s the first time we’ve seen it. So it could be different.”

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Former Circle Exec – Bitcoin Is “A Lot Safer Now”

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  • Two former execs at Circle have teamed up to found proprietary crypto trading platform CMS Holdings.
  • The three have all reportedly made the decision to pitch in over $10 million.
  • 30% is set to be invested by CMS Holdings.

Following on from an article we published earlier today, two former execs at the crypto finance company, Circle and an ex exec at DRW have all teamed up to found proprietary crypto trading platform CMS Holdings.

According to CoinTelegraph on 13th November, “the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade — and former technology executive Julien Collard-Seguin alongside a third partner. The third founder is the former head of trading at Cumberland (the crypto trading arm of brokerage DRW) Bobby Cho.”

The three have all reportedly made the decision to pitch in over $10 million. Whereas Circle only began trading in October, CMS Holdings is based out of the Cayman Islands and does not look after the finances of outside investors. 

Cho explained:

“We deploy strategies much like a hedge fund in the market, except that we’re not structured as such.”

30% is set to be invested by CMS Holdings of its capital into the majority of liquid digital currencies. 

Nevertheless, Matuszewski did confess that he would never have started such a company just a few years ago due to the huge concerns over risk. He explained:

“There was always a non-zero chance that bitcoin would gap down, die, and never come back. […] It’s a lot safer now, in that it’s probably not going to disappear.”

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The Bitcoin Code Review

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Cryptocurrency trading has become much easier with the great effort put in by Steve Mckay. The software he created has made cryptocurrency trading much easier, as it has embedded great AI features with it. His developed app has the capacity to generate over $500 per hour on crypto trading.

What is the Bitcoin Code?

Bitcoin Code is a trading robot. It is an automated trading software program that help traders determine whether to buy or sell an asset at any given point in time. The Bitcoin Code runs on very intelligent AI software and robots that can appropriately detect rise or fall in cryptocurrency prices to help its users buy at very cheap price and sell when the price appreciates.

The software gained its popularity due to its sophisticated algorithms which are said to predict crypto market movements and execute profitable trades for the user automatically. The platform’s algorithms are able to make trades hundreds of times per second and is 0.1 seconds ahead of the market. This is said to enable the software to make greater returns than through traditional forms of trading.

It has unique algorithms that can easily identify as well as predict any potential trends and threats in the cryptocurrency market.

Some Benefits Attached to the Bitcoin Code

  • Ease of Use: This Bitcoin Code can perform cryptocurrency and bitcoin trade without the user having to be actively involved, as it’s an automated crypto trading software application. The trading tools are very simple to learn and available to users from all over the world who want to make profits daily, unlike other platforms and software where users might need to go for some special training to use such.
  • Curbed Risk: The height of the risk involved with crypto trading is equivalent to the profit one can make from the platform. Hence, the chances of having a huge return on investment is high, because the Bitcoin Code has gone through the extensive test.
  • Legitimacy: The doubt of whether or not it is a scam is no more as we believe that people who call Bitcoin Code a scam simply don’t understand the risks of automated trading. The software is tested, and completely free; As oftentimes, those who clamour scam about the process are mainly people without an understanding of how it really works.
  • Win-win situation: as of September 2019, Bitcoin Code claims that their software has a win ratio of around 99.4%, which has attributed to its popularity.
  • Quick transactions: The software allows for speedy and multiple transactions in split seconds, which the ordinary trader cannot make within a short time limit, and this is one of the reasons for the popularity of the platform.
  • Lastly, Customer support; which is one sure way the platform has built confidence and trust in its users, as help is always a click away.

How it Works?

The ease of use of the software has made it accessible to more individuals, enabling people from across the world to invest and reportedly earn profits. According to the software, the user only needs to open an account, deposit $250 and at this point, the software will run and the user only has to sit back, collect their profits, and withdraw them in their local currency to a bank account. You don’t even need to use Bitcoin; all accounts are settled in cash. Many longtime users are supposedly generating passive income this way, funding a lifestyle of travel, luxury, and saving for retirement.

The software facilitates the functions of an artificially enhanced intelligent robot that enables users to buy Bitcoin at low prices and sell for a profit when the price appreciates. The steps to register is very simple and it’s easy to start earning potentially, after making a small deposit

Who Can Use Bitcoin Code?

There really is no limit as to location or race, in using Bitcoin Code, as anyone and everyone can use it. All that’s needed is just a little understanding of how trade works, and the bot gets to do the automated trading. As those complaining about the process have no information at all about trading and how the system really works; as countless traders from all over the world have gained more profit by using this universal trading platform. Ever since the origin of the Bitcoin Code, it has been the top passive income making platform, which anyone and from anywhere around the world can withdraw their earnings from.

How to Use Bitcoin Code?

  • The first step is having to register and open a free account. Registration entails inputting email address, phone numbers, location and owning a username.
  • The second step would be having to make a deposit, after the verification of the account, and linking a broker account, then the deposit can be made.
  • Deduction of the deposit will be from the Forex2Crypto account with Visa, Mastercard, PCI, or Geotrust as payment options.
  • Upon completing the following processes, then, you activate the trading, as either manual or automated trading features. Then, the user can make a choice of which digital /cryptocurrency of their choice they wish to trade (BTC, LTC, ETH, and XRP). The software is flexible and user-friendly, as the user can choose where or not to take on high-risk trade, or a lower one. The platform is so intelligent, that it makes calculated decisions and well-programmed moves on when to buy or sell cryptocurrency.

Now, those who are new to the platform have the benefit of a demo version to practice and know better how the system works and so become better acquainted, as the demo is a dummy of the original system and eliminates doubt as this would not make use of real money. The bitcoin code is at the top of the chart of options to use in trading bitcoin, with guaranteed ROI for your trade. Upon signing up for the Bitcoin trading software, the artificial intelligent robot in thebitcoinscode.com will know when to best buy at low price range and when to sell at high.

Source:newsbtc

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65,000 Swiss Retailers Will Soon Be Able to Accept Bitcoin

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Swiss crypto broker Bitcoin Suisse is partnering with European payment and transaction services provider Worldline to boost crypto payment acceptance in the country.

The firms have signed a letter of intent for a partnership to provide crypto payment services to Swiss merchants and consumers in-store and online, Switzerland Global Enterprise reported on Nov. 11.

65,000 merchants across Switzerland

The new system will be available for the 65,000 Swiss merchants currently using Wordline’s nationwide payments infrastructure, dubbed SIX Payment Services. 

Augmented with cryptocurrency payment capabilities, the traditional network will thus be evolved to promote the use of the new asset class at a mass scale across physical points of sale and in e-commerce.

Swiss crypto broker Bitcoin Suisse is partnering with European payment and transaction services provider Worldline to boost crypto payment acceptance in the country.

The firms have signed a letter of intent for a partnership to provide crypto payment services to Swiss merchants and consumers in-store and online, Switzerland Global Enterprise reported on Nov. 11.

65,000 merchants across Switzerland

The new system will be available for the 65,000 Swiss merchants currently using Wordline’s nationwide payments infrastructure, dubbed SIX Payment Services. 

Augmented with cryptocurrency payment capabilities, the traditional network will thus be evolved to promote the use of the new asset class at a mass scale across physical points of sale and in e-commerce.

source:fxstreet

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