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| December 19, 2018

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CNN

Flash floods kill children on field trip

October 27, 2018 |

The bodies of 19 people — many of them schoolchildren — who were swept to their deaths by flash floods near Jordan’s Dead Sea area have been recovered.
CNN.com – RSS Channel – World

TMZ

2018 BET Hip Hop Awards Behind the Scenes Was All Swag, Diamonds and Flash

October 17, 2018 |

The 2018 BET Hip Hop Awards turned into one big party onstage and off, with the best artists and biggest ballers turning up in South Beach … showing off their ice, style and swag.  Some of the stars who were dripping extra hard … award…

TMZ.com

Markets Update: Monster Liquidations and Flash Crash Fear

August 3, 2018 |

Markets Update: Monster Liquidations and Flash Crash Fear

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.

Also Read: The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

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.

Markets Update: Monster Liquidations and Flash Crash Fear
Chart by Mr. Jozza on August 2, 2018.

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.

Markets Update: Monster Liquidations and Flash Crash Fear
Chart by BTCVIX on August 2, 2018.

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.

Markets Update: Monster Liquidations and Flash Crash Fear“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.

Markets Update: Monster Liquidations and Flash Crash Fear
Chart by Willy Woo on July 27, 2018. 

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.

Markets Update: Monster Liquidations and Flash Crash Fear

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.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Markets Update: Monster Liquidations and Flash Crash Fear appeared first on Bitcoin News.

Bitcoin News

Flash Flooding Forces Mass Evacuation at Famous Waterfalls

July 13, 2018 |

About 200 tourists were being evacuated Thursday from a campground on tribal land near famous waterfalls deep in a gorge off the Grand Canyon, the AP reports. The evacuations came after the Havasupai Tribe reservation was hit with two rounds of flooding Wednesday and early Thursday, officials said. An evacuated…
Newser

Flash Transfer: Bitcoin Hodlers Dumped $30 Billion Since December

June 9, 2018 |

Flash Transfer: Bitcoin Hodlers Dumped $  30 Billion Since December

Leading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet Financial Times, concerning bitcoin core (BTC). From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $ 30 billion onto the market, shedding about half their collective positions just in December. The basic facts are sure to enliven debate regarding BTC’s ultimate function, be it as a ‘store of value,’ medium of exchange, or mere speculative asset.

Also read: Fidelity Investments Hints at Entering Cryptocurrency Exchange Space

Bitcoin Core ‘Hodlers’ Transfer $ 30 Million, Fueling Speculative Trade

Chainalysis economist Philip Gradwell noted, “This was an exceptional transfer of wealth.” He was speaking about the near half year flash in bitcoin core longer term investors dumping considerable amounts of their holdings. It’s actually an ongoing debate within the ecosystem. Is bitcoin a store of value for the long term or medium of exchange? Increasingly, more are objecting to the arbitrary poles: why can’t it be both?Flash Transfer: Bitcoin Hodlers Dumped $  30 Billion Since December

Prior to that option, a vocal sector of the bitcoin core community, especially during the later part of 2017 when BTC’s price reached $ 20,000, argued whatever original proposition BTC was at its birth, it clearly was now digital gold. Indeed, seeing double digit gains as regular as rain discouraged bitcoiners from spending the asset as currency. Mempool congestion and skyrocketing fees only hammered home the hodl philosophy. Don’t spend your BTC — at least that’s what they said publicly.

Privately, however, something very different was happening. According to a Chainalysis study released this week, a “distinct shift in the make-up of bitcoin owners from longer-term investors — those who held the asset for more than a year — to short-term investors who have traded more recently” happened over a critical five months, from December of last year through April of this year, reports Hannah Murphy of the Financial Times.

BTC Consolidating, Sparking Price Manipulation Concerns

The report “estimates that longer-term holders sold at least $ 30bn worth of bitcoin to new speculators over the December to April period, with half of this movement taking place in December alone,” Ms. Murphy continued. Over those months, liquidity in the BTC market saw a 60 percent increase, driving the price down as supply outstripped demand. And over a calendar year, extending into early 2018, BTC managed to pick up exactly one more online merchant, raising the grand total to just 4, out of five hundred available.

Flash Transfer: Bitcoin Hodlers Dumped $  30 Billion Since December

Also according to Chainalysis, the BTC market appears to be consolidating. As fewer hands control significant percentages of its trading value, fear grows about possible manipulation. “Overall, some 1,600 bitcoin wallets — managed by both speculators and investors — contained at least 1,000 bitcoin each in April, according to Chainalysis, collectively holding nearly 5m bitcoin, or close to a third of the available total. Of those, just under 100 wallets owned by longer-term investors contained between 10,000 and 100,000 bitcoin,” Ms. Murphy concluded.

Are you hodling bitcoin and where do you stand on the debate over the main function of BTC? Let us know in the comments below.


Images via the Pixabay, Financial Times, Chainalysis.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Flash Transfer: Bitcoin Hodlers Dumped $ 30 Billion Since December appeared first on Bitcoin News.

Bitcoin News

Venue for Korea talks is potential flash point inside border

January 9, 2018 |

The two Koreas’ rare high-profile talks Tuesday took place at the jointly controlled area inside the world’s most heavily fortified border — the same place where North Korean soldiers recently sprayed bullets at a comrade who was making a daring dash for freedom.
FOX News

Will the Instant Pot be another flash in the pan?

December 18, 2017 |

High-end juicers. Home seltzer machines. Sous vide. Every year there’s a new fad culinary gadget that wins a coveted spot on countertops across the country, only to be relegated to distant cupboards or the garage once the novelty wears off.

This holiday season, nothing in the kitchen is more buzzworthy…


L.A. Times – Business

Travelers love airline flash sales but the ultra-cheap fares are on the decline

November 12, 2017 |

The Twitter ad seemed too good to be true: fares starting at $ 20 on JetBlue Airways.

A few hours after the ad appeared Tuesday on the social media site, it was gone, leaving wanna-be travelers frustrated that they missed the remarkable deal.

Those who clicked too late ended up on a page advising:…


L.A. Times – Business

Survivor of Flash Flood That Wiped Out Family Speaks

September 22, 2017 |

As water rushed around him, Cesar Garcia clung desperately to a tree and his 1-year-old daughter, hoisting himself above the debris-filled creek that had swept the pair downstream and killed 10 of his family members . “All I could think of was like, ‘Hold on to my baby.’ If I…
Newser

TMZ

Grandmaster Flash and the Furious Five Rapper, The Kidd Creole, Arrested for Murder of Homeless Man

August 3, 2017 |

The Kidd Creole — a rap pioneer from Grandmaster Flash and the Furious Five — has been arrested and charged for the stabbing death of a homeless man. Law enforcement sources tell TMZ … the rapper used a small knife to stab the man 2 times…

TMZ.com