Fear Archives -
A French town is being terrorized by a serial killer—but humans aren’t the target. The Telegraph reports that someone in the village of Minihy-Treguier has so far slaughtered more than 100 rabbits, slipping into residents’ yards, yanking rabbits out of their hutches, and either stomping them to death by…
Dr. Marc Siegel: Mystery muscle-weakening disease is frightening, but here’s why we shouldn’t fear itOctober 19, 2018 | dailybusinessnews
A muscle-weakening disease striking children is extremely rare and children have almost no chance of getting it.
Already the target of death threats, including from a person who threatened to chop up his family with an ax, Rand Paul worries the current political climate could spawn deadly violence. “I fear that there’s going to be an assassination … I really worry that somebody is going to be…
The disappearance of Saudi journalist Jamal Khashoggi has sent a chilling message to dissidents abroad, stoking fears among activists of a broadening crackdown beyond the kingdom’s borders.
CNN.com – RSS Channel – World
Jairo Bonilla was inside a Managua seminary last spring during a break in Catholic Church-mediated talks to try to end Nicaragua’s bloody political crisis when two fellow students approached him with a threat.
Years of internal conflict and ISIS insurgency across Iraq and Syria has destroyed much of what was left of the Middle East’s pre-Islamic history, with experts now fearing that the protracted civil war in neighboring Yemen too will quietly erase its rich biblical roots.
For more than six months of 2018, cryptocurrency markets have been extremely bearish considering the massive bull run in 2017. Last month many digital asset prices performed better than they had in months and some enthusiasts thought crypto markets might be on the mend. However, bitcoin markets and many other cryptocurrency values have started to slide and some traders and analysts believe the storm may get much worse.
Watch Out — Cryptocurrency Prices Can Invalidate Your Trading Position In a Matter of Minutes
Cryptocurrency bears, love them or hate them, exist in great magnitude this year, for as everyone knows, digital assets have been in a slump. Many cryptocurrencies seemingly have hit the ‘bottom’ at least three times so far, but that may not hold true for very long. A market bottom is what’s considered the lowest the price of a cryptocurrency will go for a period of time until markets rise in value again. For instance, BTC/USD prices touched a high of $ 19,600 per coin last December and since then BTC values have dipped to roughly $ 5,700 per BTC a few times. This has led some people to believe that the $ 5,700 region is the bottom, at least for now, unless things go southbound during a flash crash. Many respected cryptocurrency traders have different types of views when it comes to what will happen next in the land of digital currency markets.
One respected digital asset trader called Mr. Jozza details that right now bitcoin markets are not looking very nice. “The bitcoin market is ugly,” Mr. Jozza emphasizes. “It completely invalidated my previous bullish interpretation. No follow through on break up of a bearish trend.”
While Okcoin 415 mm contract liquidation sits on the books, expecting $ 7200 test for support.
Are High-Frequency Trading Firms Joining the Party?
Another respected trader and administrator of the large Telegram trading chat room Whale Club, BTCVIX, says High-Frequency Trading (HFT) firms are trading bitcoin.
“Hey crypto trading noobs — this pattern look familiar? The Judas candle — yeah BTC moves more and more like forex every day — you have the same forex HFT firms joining the BTC party,” BTCVIX details on August 2.
The Greatest Danger in Crypto: Flash Crashes
Because of the volatile movements over the last few days, digital asset margin traders on exchanges like Okex and Bitmex have literally been getting ‘rekt.’ Three days ago on July 31, the exchange Okex liquidated more than $ 400 million USD worth of Bitcoin futures contracts from just one customer. Two days later the well-known cryptocurrency trader Philakone explained to his 100,000 Twitter followers that people should be careful of ‘flash crashes’ in crypto markets, especially when trading with leverage.
“Here are my positions — I’ve set aside another $ 200K now in my margin that I can play just in case something violent like a flash crash happens — Always be mindful of that,” Philakone emphasizes.
Always remember the greatest danger in crypto: Flash crashes. If you forget about this, it’s not good. It could happen only ONE time for you to destroy your crypto career. I’ve been there. Be careful baby whales.
On August 1 the respected cryptocurrency analyst Willy Woo explained to his Twitter followers that he thinks BTC will “flash dump, then moon” during a global banking crisis. People believe the analyst because Woo has predicted cryptocurrency variances correctly a few times in the past.
“Interesting to see most think BTC will moon,” Woo details. “I think BTC will flash dump, then moon afterward, just like with Gold in WFC 2008.”
Flight to safety: everything else sells off to USD, then used to unwind leveraged positions, then afterward havens like Gold and BTC have a bull run.
“Probably also contingent on how many institutional players are in the BTC market over that period. Normal retail HODLers won’t tend to have large leveraged positions to unwind from, apart from maybe mortgages,” Woo notes.
The Last Dead Cat Bounce? Short Positions Begin to Pile Up Before the Weekend Trading Sessions
Currently, most cryptocurrency markets are still in the red seeing losses over the last 24 hours. Bitcoin core (BTC) has been trading between $ 7,250-7,520 over the last day, while bitcoin cash (BCH) is swapping for $ 660-740 per coin. Both markets have seen consistent drops in trade volume (BCH $ 375M, BTC $ 4.4B), and billions shaved off their market capitalizations. Many leverage traders lost their shirts over the last three days due to margin liquidations, as there were some very quick drops in value this week. As we approach the weekend short contracts are already starting to pile up on Bitfinex, Kraken, and Bitmex once again.
The last few weeks of gains gave traders a breath of fresh air, but the bullish sentiment didn’t last long. Unlike the slew of Wall Street bigwigs that believe bitcoin will touch $ 50K or zero by the year’s end, there are many traders out there who are more in touch with reality and telling people they should trade carefully.
Where do you see the price of BTC, BCH and other cryptocurrencies headed from here? Let us know in the comment section below.
Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”
Images via Shutterstock, Pixabay, and the various traders mentioned above on Twitter.
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The post Markets Update: Monster Liquidations and Flash Crash Fear appeared first on Bitcoin News.
It’s an understandable fear – and one that’s long been popularized by the movies and the media.
Cryptocurrency foundations, community organizations, and entrepreneurs have helped put the lightly populated Swiss canton of Zug on the business world’s map. While the local administration has created one of the most welcoming environments for the industry, some voices fear possible negative repercussions such as bad press and an American regulatory backlash.
Lamborghini Robin Hoods
A new report from Zug, Switzerland by the Financial Times showcases that despite the success ‘Crypto Valley’ has had in attracting businesses, there are still those that fear it might bring unwanted attention as well. A Swiss finance specialist commented: “I’m just waiting for Washington to call Bern and ask ‘what are you doing down there in Zug?’.” Another local insider said: “They say they are different to banks, that they are Robin Hoods — but we have Robin Hoods driving around in Lamborghinis.”
Besides flashy displays of wealth, critics also echo other familiar complaints. “My big worry is that the whole intransparency will lower Zug’s standing worldwide,” said Andreas Hürlimann, a local Green party councillor. “You don’t know from where to where the money is flowing, whether it is drug money for instance.” He also added that the council accepting bitcoin payments was “clearly a marketing gag”.
For their part, the entrepreneurs appear to be pleased with the region’s politicians and regulations. The only issue they raised in the FT report was reluctant cooperation by the local banks, something that they can bypass by turning to other places such as Liechtenstein.
The main concern that rises from the report is that some ICO could mess up in a way that will bring foreign pressure to harshen the local legal framework for all others. “Switzerland remains under pressure to follow a ‘clean money’ strategy. It was hard work to get Switzerland off the blacklists — and there is of course no appetite for it to be back on them,” explained Jan Seffinga, blockchain expert at Deloitte.
“These ICOs require blind trust in the founders. You can’t do much if the raised funds are misappropriated,” commented Luzius Meisser, founder of the Bitcoin Association Switzerland. Heinz Tännler, Zug canton’s finance director, said: “The risk is when you have ‘black sheep’. We have our eyes open. But there is never an opportunity without risks.”
Still others seem to be overwhelmed by the fast development of ‘Crypto Valley’. Dolfi Müller, Zug town council president, said: “We play the background music . . . We don’t have great plans — we don’t want to be a ‘smart city’ like Dubai. It’s step by step. It’s Asterix against Rome.”
Should the people of Zug be grateful for ICOs bringing business to their community or cautious? Share your thoughts in the comments section below!
Images courtesy of Shutterstock.
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