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Bitcoin price will reach $ 100,000 or fall to zero, the head of ADVFN puts on the growth of BTC

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Clevel Chambers, market analyst and CEO of the global financial tracker ADVFN, believes that the crypto industry is still looking for its “killer app.”

He believes that Bitcoin anything can happen in his quest to become the leading form of digital money and means of accumulating value. At this point, BTC will either leave the same mun or experience the greatest collapse.

“This is a great market for trading, especially if you do it well. Take action. But if you want to invest or sell bitcoins, the solution is quite simple. BTC can reach either $ 100,000 or more, or $ 0. Choose your strategy and investment line. ”

Chambers noted that he does not sell his bitcoin assets, because his strategy involves the purchase, storage and purchase of more at lower prices. In his view, if BTC drops below $ 7,500, then there is likely to be “another big drop.”

To a greater extent, the top manager is inclined to believe that a recovery to historical highs is more likely, in the short term BTC may again cross the $ 10,000 mark.

"Bitcoin experienced a decline, but for me this is not the end, but just an unpleasant rollback and a delay of a great day when it exceeds $ 20,000."

In conclusion, Chambers added that the current market will be difficult for most traders who risk not keeping pace with the extremely volatile movements of bitcoin upward.

“The problem is not to leave, but to go back, it’s more difficult. Sometimes a couple of days is enough to miss the main chance. Bitcoin is currently extremely unstable. ”

Publication date 10/12/2019
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Institutionals bet on bitcoin growth, positions on BTC futures doubled

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One of the indicators that signal a possible change in the price of bitcoin is the number of open futures positions on the Chicago SME exchange.

In October 2019, institutional investors doubled the cost of long positions in BTC futures contracts , the Cointelegraph reports.

Institutional Investors Interested in BTC

According to a study conducted by analysts on October 22, the estimated value of the long positions of institutional investors rose to a value above 1000 bitcoins, compared with data on October 1, when this value fell below 500 BTC.

Data on long-term futures on the CME exchange indicate a turning point in the downward interest of the institutional, outlined in September 2019. The sharp collapse coincided with the launch date of physically delivered bitcoin futures from the Bakkt platform , when interest fell from 1300 VTC to below 500 bitcoins.

Analysts at Skew Markets have additionally indicated that institutional investors include:

"… pension funds, insurance companies, mutual funds and investment portfolio managers."

Such analytical data may indicate the continuing desire of large investors to enter the cryptocurrency market.

Recall, the head of CFTC believes that next year, the market may begin to trade futures on Ethereum (ETH) . He also noted that in addition to Bitcoin and Ethereum, other cryptocurrencies can also be classified as goods.

Publication date 10/23/2019
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Tim Draper believes that Ripple coin is preparing for a sharp increase in

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The investor, Bitcoin bull Tim Draper, believes that the current situation in the Ripple market can be called the “calm before the storm” – in his opinion, in the near future, the XRP rate may suffer explosive growth.

During his communication with the participants of the crypto market at the Quora forum, Draper noted that, given the three-fold increase in the Bitcoin exchange rate over the past 5 months, it can be expected that the Ripple coin will also demonstrate similar behavior.

According to the investor, the price of XRP should have already increased to about $ 0.6 or $ 0.9, taking into account all the latest developments of the project and the conclusion of new partnerships. Draper drew attention to the fact that the project is constantly improving its technology for cross-border payments. Moreover, Ripple belongs to the largest SBI corporation, which includes such a serious company as R3. So, according to the investor, everything indicates that now there is only a “calm before the storm”, that is, a calm before the explosive increase in the value of the coin.

Meanwhile, Ripple is developing further. On the eve it became known about the intention of the project to expand its presence in Washington. Brad Garlinhouse, CEO of Ripple, noted that this step will allow the company to be closer to regulators, to train them on the principle of operation of blockchain technology and cryptocurrencies.

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Opera became the first browser in which the built-in bitcoin-wallet

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Opera web browser developers have added support for TRON bitcoin payments and cryptocurrencies to their application for Android devices, CoinDesk writes.

From now on, Opera users will be able to make payments in Bitcoin (BTC) directly from the digital wallet built into the application and interact with decentralized applications on the TRON network. According to the company, these features can help attract new holders to its cryptocurrencies from its database of 300 million users.

“Most people heard about Bitcoin, and we decided to add its support, as well as introduce a wider group of users to this function ,” said Charles Hamel, head of cryptocurrency business at Opera.

In July 2018, an Ethereum wallet was added to the Opera app for Android. The company explained this decision by its desire to contribute to the development of Web 3.0 and implement the vision of creating a decentralized Internet of the future on the blockchain. Later, the release of a cryptocurrency- oriented browser for iOS and a desktop version with support for a digital wallet took place.

Hamel claims that Opera applications are already optimized for working with Web 3.0, however, the integration of bitcoin required additional resources due to the differences of the first cryptocurrency.

“Bitcoin is a completely different phenomenon, which requires its own infrastructure and has a payment-oriented application scenario,” he added.

Publication date 10/23/2019
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Name Price24H (%)
Bitcoin (BTC)
$7,483.99
-8.64%
Ethereum (ETH)
$159.48
-7.29%
XRP (XRP)
$0.273973
-6.69%
Bitcoin Cash (BCH)
$209.46
-8.44%
EOS (EOS)
$2.76
-5.55%
Stellar (XLM)
$0.059993
-5.58%
Litecoin (LTC)
$49.15
-9.28%
Cardano (ADA)
$0.036517
-7.22%
Tether (USDT)
$1.00
0.14%
Monero (XMR)
$53.38
-7.76%
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