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Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !

#Blockchain Bitcoin.com’s Oracle Aims to Bolster BCH-Powered Smart Contracts

Bitcoin.com’s Oracle Aims to Bolster BCH-Powered Smart Contracts

Bitcoin.com is pleased to unveil plans to offer one of the world’s first oracles for smart contracts on the Bitcoin Cash (BCH) blockchain. The autonomous feature will allow specialized prediction markets and decision-based transactions for sports scores, political results, and market exchange rates.

Also read: How to Spend and Give Bitcoin Cash Over the Holidays

Bitcoin.com’s Oracle Section: Verifiable Multi-Sourced Facts

Since the Bitcoin Cash network upgrades in May and November, the protocol and its scripting language is now far easier for coding smart contracts, decision-based transactions, and predictive oracles. Aided by opcodes like OP_Checkdatasig (DSV) and Bitcoin Cash’s 32MB blocks, BCH is one of the simplest and most secure platforms to build your smart contract. By building the Bitcoin.com Oracle, we plan to utilize the benefits of the BCH network and all the new features added during the last upgrades in order to provide verifiable multi-sourced facts.

Bitcoin.com’s Oracle Aims to Bolster BCH-Powered Smart Contracts

The basics of an oracle with enough valid data can prove ideal for executing decisions and triggering smart contracts. Back in the ancient days of civilization, humans often visited oracles, validated reports, created prediction markets, and attempted to forecast the probability of outcomes in order to make better decisions. With the new opcodes like DSV, Bitcoin Cash network participants can validate data when certain conditions are met within the smart contract. BCH-based oracles can theoretically trigger any type of smart contract from any type of data that exists outside the Bitcoin Cash blockchain.

Bitcoin.com’s Oracle Aims to Bolster BCH-Powered Smart Contracts

Empowering Global Participation

There are so many use cases for BCH-powered oracles and autonomous contracts that can be executed by using verifiable data. With Bitcoin.com’s Oracle, we hope to provide tools that can monitor personal goals, track sports results, detect exchange rate movements, record social media platforms, and monitor news. Alongside this, you could even track the Bitcoin Cash code repository, pull requests and more with our oracle pulling data from Github’s API and other sources. Historically, oracles have been centralized, but by utilizing the security of the distributed BCH ledger we can trust the autonomous oracles to determine certain outcomes. Going beyond the limits of centralized entities, BCH-based oracles provide the means for global participation because peer-to-peer BCH transactions are cheap and reliable.

Bitcoin.com’s Oracle Aims to Bolster BCH-Powered Smart ContractsAt the moment our Bitcoin.com Oracle is still under development. But if you would like to get in on beta access when the code is available, please sign up for our Oracle Newsletter. Furthermore, if you would like to contribute or provide feedback, you can reach out to us through the oracle landing page and we’ll get back to you as soon as possible. “We’d love some help charting out exactly what the most usable platform would look like for the users,” explained Bitcoin.com CEO Roger Ver on the Reddit forum r/btc on Monday.

What do you think about the Bitcoin.com Oracle idea? Let us know what you think about this project in the comments section below.


Images via Shutterstock, and Bitcoin.com Oracle.


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The post Bitcoin.com’s Oracle Aims to Bolster BCH-Powered Smart Contracts appeared first on Bitcoin News.

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#Africa Egypt’s Cognitev is making digital marketing a one-click process

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Egyptian startup Cognitev believes it has found a way of making digital marketing more effective, and is expanding across the world as the popularity of its solution grows.

Launched in Cairo in 2014, Cognitev now also has offices in California, New York and Dubai having seen impressive uptake of its product, which democratises digital marketing.

Founder Moustafa Mahmoud launched the company as a result of his own negative experiences as he tried to acquire traffic to one of his previous ventures, which ultimately failed because of his failure to do so.

“I used to have an e-commerce site. I couldn’t do digital marketing myself, or find an agency that would do it for me with my tiny budget, and I ran into lots of other entrepreneurs who have the same problem. All they wanted was a “push-button” solution, an Uber for marketing, and it didn’t exist. So I decided to build it,” he said.

What he built was Cognitev, which allows users to enter a URL, push a button, and start getting high quality traffic and customers to their website immediately. The platform uses artificial intelligence (AI) to do everything a human digital marketer would do.

It crawls the text, images, and other information available on a website, and automatically creates campaigns on several traffic sources, including but not limited to Google, Facebook, Pinterest, Twitter and LinkedIn. Customers are charged per “visit”, a high-quality visitor who landed on a website and was verified by Google Analytics, rather than by impression or click.

“Digital marketing is a very fragmented and complex industry, with over 7,000 players. It is also dominated by Google and Facebook. We are on a mission to democratise digital marketing to the world,” Mahmoud said.

Cognitev aims to address this complexity and cut out the middlemen, with a simple solution that “anyone and their grandmother can use”. This simplicity has proven popular, with the startup now having customers in 22 countries.

“We serve Fortune 500 customers and small companies. I think we’ve hit a pain point that’s universal for anyone who has an online presence. Traffic is something everyone with a URL needs,” said Mahmoud.

Though the startup raised some seed funding in 2015 and 2016, it became profitable in 2017 and thus has not needed any investment since. It is now scaling, however, and Mahmoud is considering raising some growth capital.

The post Egypt’s Cognitev is making digital marketing a one-click process appeared first on Disrupt Africa.

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#Africa Egypt’s Cognitev is making digital marketing a one-click process

//

Egyptian startup Cognitev believes it has found a way of making digital marketing more effective, and is expanding across the world as the popularity of its solution grows.

Launched in Cairo in 2014, Cognitev now also has offices in California, New York and Dubai having seen impressive uptake of its product, which democratises digital marketing.

Founder Moustafa Mahmoud launched the company as a result of his own negative experiences as he tried to acquire traffic to one of his previous ventures, which ultimately failed because of his failure to do so.

“I used to have an e-commerce site. I couldn’t do digital marketing myself, or find an agency that would do it for me with my tiny budget, and I ran into lots of other entrepreneurs who have the same problem. All they wanted was a “push-button” solution, an Uber for marketing, and it didn’t exist. So I decided to build it,” he said.

What he built was Cognitev, which allows users to enter a URL, push a button, and start getting high quality traffic and customers to their website immediately. The platform uses artificial intelligence (AI) to do everything a human digital marketer would do.

It crawls the text, images, and other information available on a website, and automatically creates campaigns on several traffic sources, including but not limited to Google, Facebook, Pinterest, Twitter and LinkedIn. Customers are charged per “visit”, a high-quality visitor who landed on a website and was verified by Google Analytics, rather than by impression or click.

“Digital marketing is a very fragmented and complex industry, with over 7,000 players. It is also dominated by Google and Facebook. We are on a mission to democratise digital marketing to the world,” Mahmoud said.

Cognitev aims to address this complexity and cut out the middlemen, with a simple solution that “anyone and their grandmother can use”. This simplicity has proven popular, with the startup now having customers in 22 countries.

“We serve Fortune 500 customers and small companies. I think we’ve hit a pain point that’s universal for anyone who has an online presence. Traffic is something everyone with a URL needs,” said Mahmoud.

Though the startup raised some seed funding in 2015 and 2016, it became profitable in 2017 and thus has not needed any investment since. It is now scaling, however, and Mahmoud is considering raising some growth capital.

The post Egypt’s Cognitev is making digital marketing a one-click process appeared first on Disrupt Africa.

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#Africa Egypt’s Cognitev is making digital marketing a one-click process

//

Egyptian startup Cognitev believes it has found a way of making digital marketing more effective, and is expanding across the world as the popularity of its solution grows.

Launched in Cairo in 2014, Cognitev now also has offices in California, New York and Dubai having seen impressive uptake of its product, which democratises digital marketing.

Founder Moustafa Mahmoud launched the company as a result of his own negative experiences as he tried to acquire traffic to one of his previous ventures, which ultimately failed because of his failure to do so.

“I used to have an e-commerce site. I couldn’t do digital marketing myself, or find an agency that would do it for me with my tiny budget, and I ran into lots of other entrepreneurs who have the same problem. All they wanted was a “push-button” solution, an Uber for marketing, and it didn’t exist. So I decided to build it,” he said.

What he built was Cognitev, which allows users to enter a URL, push a button, and start getting high quality traffic and customers to their website immediately. The platform uses artificial intelligence (AI) to do everything a human digital marketer would do.

It crawls the text, images, and other information available on a website, and automatically creates campaigns on several traffic sources, including but not limited to Google, Facebook, Pinterest, Twitter and LinkedIn. Customers are charged per “visit”, a high-quality visitor who landed on a website and was verified by Google Analytics, rather than by impression or click.

“Digital marketing is a very fragmented and complex industry, with over 7,000 players. It is also dominated by Google and Facebook. We are on a mission to democratise digital marketing to the world,” Mahmoud said.

Cognitev aims to address this complexity and cut out the middlemen, with a simple solution that “anyone and their grandmother can use”. This simplicity has proven popular, with the startup now having customers in 22 countries.

“We serve Fortune 500 customers and small companies. I think we’ve hit a pain point that’s universal for anyone who has an online presence. Traffic is something everyone with a URL needs,” said Mahmoud.

Though the startup raised some seed funding in 2015 and 2016, it became profitable in 2017 and thus has not needed any investment since. It is now scaling, however, and Mahmoud is considering raising some growth capital.

The post Egypt’s Cognitev is making digital marketing a one-click process appeared first on Disrupt Africa.

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#Africa Egypt’s Cognitev is making digital marketing a one-click process

//

Egyptian startup Cognitev believes it has found a way of making digital marketing more effective, and is expanding across the world as the popularity of its solution grows.

Launched in Cairo in 2014, Cognitev now also has offices in California, New York and Dubai having seen impressive uptake of its product, which democratises digital marketing.

Founder Moustafa Mahmoud launched the company as a result of his own negative experiences as he tried to acquire traffic to one of his previous ventures, which ultimately failed because of his failure to do so.

“I used to have an e-commerce site. I couldn’t do digital marketing myself, or find an agency that would do it for me with my tiny budget, and I ran into lots of other entrepreneurs who have the same problem. All they wanted was a “push-button” solution, an Uber for marketing, and it didn’t exist. So I decided to build it,” he said.

What he built was Cognitev, which allows users to enter a URL, push a button, and start getting high quality traffic and customers to their website immediately. The platform uses artificial intelligence (AI) to do everything a human digital marketer would do.

It crawls the text, images, and other information available on a website, and automatically creates campaigns on several traffic sources, including but not limited to Google, Facebook, Pinterest, Twitter and LinkedIn. Customers are charged per “visit”, a high-quality visitor who landed on a website and was verified by Google Analytics, rather than by impression or click.

“Digital marketing is a very fragmented and complex industry, with over 7,000 players. It is also dominated by Google and Facebook. We are on a mission to democratise digital marketing to the world,” Mahmoud said.

Cognitev aims to address this complexity and cut out the middlemen, with a simple solution that “anyone and their grandmother can use”. This simplicity has proven popular, with the startup now having customers in 22 countries.

“We serve Fortune 500 customers and small companies. I think we’ve hit a pain point that’s universal for anyone who has an online presence. Traffic is something everyone with a URL needs,” said Mahmoud.

Though the startup raised some seed funding in 2015 and 2016, it became profitable in 2017 and thus has not needed any investment since. It is now scaling, however, and Mahmoud is considering raising some growth capital.

The post Egypt’s Cognitev is making digital marketing a one-click process appeared first on Disrupt Africa.

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#Africa Egypt’s Cognitev is making digital marketing a one-click process

//

Egyptian startup Cognitev believes it has found a way of making digital marketing more effective, and is expanding across the world as the popularity of its solution grows.

Launched in Cairo in 2014, Cognitev now also has offices in California, New York and Dubai having seen impressive uptake of its product, which democratises digital marketing.

Founder Moustafa Mahmoud launched the company as a result of his own negative experiences as he tried to acquire traffic to one of his previous ventures, which ultimately failed because of his failure to do so.

“I used to have an e-commerce site. I couldn’t do digital marketing myself, or find an agency that would do it for me with my tiny budget, and I ran into lots of other entrepreneurs who have the same problem. All they wanted was a “push-button” solution, an Uber for marketing, and it didn’t exist. So I decided to build it,” he said.

What he built was Cognitev, which allows users to enter a URL, push a button, and start getting high quality traffic and customers to their website immediately. The platform uses artificial intelligence (AI) to do everything a human digital marketer would do.

It crawls the text, images, and other information available on a website, and automatically creates campaigns on several traffic sources, including but not limited to Google, Facebook, Pinterest, Twitter and LinkedIn. Customers are charged per “visit”, a high-quality visitor who landed on a website and was verified by Google Analytics, rather than by impression or click.

“Digital marketing is a very fragmented and complex industry, with over 7,000 players. It is also dominated by Google and Facebook. We are on a mission to democratise digital marketing to the world,” Mahmoud said.

Cognitev aims to address this complexity and cut out the middlemen, with a simple solution that “anyone and their grandmother can use”. This simplicity has proven popular, with the startup now having customers in 22 countries.

“We serve Fortune 500 customers and small companies. I think we’ve hit a pain point that’s universal for anyone who has an online presence. Traffic is something everyone with a URL needs,” said Mahmoud.

Though the startup raised some seed funding in 2015 and 2016, it became profitable in 2017 and thus has not needed any investment since. It is now scaling, however, and Mahmoud is considering raising some growth capital.

The post Egypt’s Cognitev is making digital marketing a one-click process appeared first on Disrupt Africa.

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#Blockchain France Rejects Cryptocurrency-Friendly Tax Amendments

France Rejects Cryptocurrency-Friendly Tax Amendments

France’s National Assembly has rejected a number of tax amendments aimed at lowering taxes for cryptocurrency traders and users. Among rejected amendments are those concerning capital gains and losses and crypto tax exemptions.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Crypto Amendments Rejected

France Rejects Cryptocurrency-Friendly Tax AmendmentsThe French National Assembly rejected a number of tax amendments designed to benefit cryptocurrency traders and users on Monday, local media reported.

One of the rejected proposals concerns the increase in annual tax exemption from €305 ($347) to either €5,000 or €3,000. The National Assembly believes that “305 euros is already quite favorable,” stating that compared to how securities are taxed, “increasing to €5,000 or €3,000 seems particularly excessive.”

France Rejects Cryptocurrency-Friendly Tax AmendmentsAnother amendment that did not gain support was one to allow capital gains to be taxed on the same basis and under the same conditions as securities under the current system. Similarly, the amendment to distinguish between normal crypto-related activities and occasional ones that would result in more favorable taxation for cryptocurrency users was turned down, as was a proposal on crypto-related capital losses.

In addition, the amendment outlined in Article 16a to only tax gains on cryptocurrencies when they are sold and withdrawn to a bank account, instead of taxing them based on their values converted into fiat on crypto exchanges, was also denied.

30-Percent Flat Tax

France Rejects Cryptocurrency-Friendly Tax AmendmentsWhile a number of amendments have been rejected, the proposed 30-percent flat tax for cryptocurrency transactions was not part of the proposals considered on Monday. It is, therefore, still part of Article 16 Bis. Currently, crypto assets are taxed at 36.2 percent, which is 19 percent income tax and 17.2 percent social contributions. It was mentioned at the National Assembly meeting that “a flat tax rate is positively welcomed for its simplicity and legal certainty.”

Reuters previously explained that “Currently bitcoin gains are taxed at a rate of 36.2 percent while other forms of capital gains on other non-real estate assets are taxed at a flat 30 percent.” The news outlet further noted that “The finance commission adopted an amendment to the 2019 budget bill that would subject sales of crypto-assets like bitcoin to the 30-percent flat rate as well,” as news.Bitcoin.com reported.

What do you think of France’s approach to crypto taxation? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post France Rejects Cryptocurrency-Friendly Tax Amendments appeared first on Bitcoin News.

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#Blockchain Russians to Be Allowed ICO Investments up to $9,000 per Year

Russians to Be Allowed to Invest in ICOs up to $9,000 per Year

Russian lawmakers have revised another bill regarding the regulation of the industry built around cryptocurrencies. In its latest version, the draft law on crowdfunding sets the maximum amount of money ordinary Russians will be permitted to invest in projects such as ICOs at less than $9,000 per year.     

Also read: Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

Investments Limited to $1,500 per Project

Russians to Be Allowed ICO Investments up to $9,000 per YearThe bill “On attracting investments using investment platforms” is one of the three pieces of legislation aimed at regulating the crypto industry that were adopted on first reading by the State Duma in May. The initial text approved by the lower house of Russia’s parliament did not contain such limits. It only read that they should be determined in sub-statutory acts issued by the Central Bank of the Russian Federation (CBR).

According to the revamped draft law, private individuals will be allowed to invest through crowdfunding platforms up to 600,000 Russian rubles (less than $9,000) per year only, and a maximum of 100,000 rubles (~$1,500) per project RBC reported, quoting a copy of the document. Any investment exceeding 600,000 rubles, made by qualified investors or financial institutions, will be subject to mandatory oversight by the country’s financial watchdog, Rosfinmonitoring, in order to prevent money laundering.

The new restrictions will limit the access of ordinary citizens to initial coin offerings (ICOs). The authorities in Moscow claim they want to protect Russians from the associated risks. In a statement, the CBR warned that investing through crowdfunding platforms can lead to the loss of all invested funds. However, the limits will not apply to social and charitable crowdfunding initiatives.

No Restrictions for ‘Qualified’ Investors

Russians to Be Allowed ICO Investments up to $9,000 per YearProfessional investors will not be restricted in their participation in crowdfunding projects. Private individuals can be treated as “qualified investors” provided they meet certain criteria detailed in the federal law “On the securities market.” For example, they must control assets worth at least 6 million rubles (almost $90,000) and prove they have been employed in the securities industry for at least two years.

The revised crowdfunding bill is likely to be voted on second reading in the Duma in January revealed one of its authors, the chairman of the Financial Markets Committee Anatoly Aksakov. Before the parliamentary summer vacation, deputies approved two other drafts – a bill amending the country’s Civil Code to introduce a legal definition of “digital rights” and the main draft pertaining to the regulation of cryptocurrencies, the law “On digital financial assets.”

The latter bill also underwent serious revision, with lawmakers dropping key terms like “cryptocurrency” and “mining.” Representatives of the crypto industry protested and proposed an alternative bill granting cryptocurrencies “special status.” However, Russia’s Deputy Prime Minister Maxim Akimov recently stated that authorities do not plan to introduce any more significant amendments to the texts. The crowdfunding law has also lost important terms related to the crypto economy such as “tokens” and “smart contracts.”

What is your opinion about the investment limits in the revised Russian draft law on crowdfunding? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Russians to Be Allowed ICO Investments up to $9,000 per Year appeared first on Bitcoin News.

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#USA Uber to resume autonomous vehicle testing months after fatal accident

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Uber has been granted permission by the state of Pennsylvania to reinstate tests of its autonomous vehicles, as first reported by Reuters.

A spokesperson for Uber confirmed to TechCrunch that the ride-hailing giant received a letter of authorization from the Pennsylvania Department of Transportation and clarified that the company has not yet resumed self-driving operations.

Uber halted testing of its self-driving cars following a fatal accident in Tempe, Arizona this March that left a pedestrian dead. An autonomous Uber SUV accompanied by a safety driver was driving northbound when it struck a woman, who was taken to the hospital where she later died as a result of her injuries.

Investigators later determined the driver, Rafaela Vasquez, had looked down at a phone 204 times during a 43-minute test drive, according to a 318-page police report released by the Tempe Police Department.

In the aftermath of the accident, Uber paused all of its AV testing operations in Pittsburgh, Toronto, San Francisco and Phoenix.

Moving forward, Uber will test its self-driving cars more cautiously, per a recently released Uber safety report. The company will require that two employees are in the front seat of its cars at all times, that an automatic braking system is enabled and that its safety employees are more strictly monitored.

Uber, which first began developing its autonomous vehicle fleet in 2015 and initiated tests the following year, confidentially filed for an initial public offering two weeks ago. The company, currently valued at $72 billion, is expected to debut at a valuation as high as $120 billion early next year.

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#Blockchain Only Sharks Will Feed on the Crypto Market’s Elusive Price Bottom

Only Sharks Will Feed on the Crypto-Market's Evasive Price 'Bottom'

2018 was a year of market bull traps and sliding prices. Now, as the year comes to an end, many cryptocurrency traders have been discussing the elusive “price bottom” for their favorite digital asset. However, pro traders understand that catching a falling knife is difficult and that elusive market bottoms can disappear within the blink of an eye.

Also read: A Look at Some of 2018’s Most Popular Cryptocurrency Traders

Catching the Falling Knife

Only Sharks Will Feed on the Crypto Market's Elusive Price BottomWhen the market is up and extremely bullish it’s easy to predict swings in either direction and make some quick bucks. But when the price of a certain asset has been in a downward spiral for close to 12 months, guessing where the coin will bottom out is a lot harder. Guessing the exact moment of capitulation is almost impossible and usually only the lucky catch extreme price bottoms.

In reality, a digital asset like BTC drops a few legs down in price and the value ‘flash crashes’ momentarily. Only a handful of brave souls will catch the candle’s deepest wick. Traders are walking on a razor’s edge shorting the price of BTC with 100x leverage on Bitmex in the hope they will catch that elusive bottom. Some sharks with deep pockets have extremely low orders placed on exchanges waiting to feed on capitulation.

Wagers Placed on Lower Crypto Prices

A great indicator of the ‘bottom feeding’ trend is the short positions placed on various markets that offer margin trading. BTC/USD short positions are extremely high this week on Bitfinex with 38,488 shorts resting on the exchange on Tuesday, Dec. 18. Short positions for BTC/USD touched an all-time high on Dec. 7, surpassing 42,000 shorts on Bitfinex. Other top cryptocurrency markets like ETH and BCH have also seen a great number of short calls over the last few weeks. The same day on Dec. 7, ETH/USD shorts on Bitfinex reached the highest level ever with over 426,000 positions. Although since then ETH/USD shorts have dropped considerably, there are still more shorts today (302,000) than there have been all year long. This indicates that a large portion of traders believe that the price bottom of the top cryptocurrencies has not yet been found.

Only Sharks Will Feed on the Crypto Market's Elusive Price Bottom
BTC/USD short positions on Bitfinex on Dec. 18, 2018.

Sharks With Deep Pockets Looking to Bottom Feed

Another place to view the hungry sharks waiting to feed on capitulation is the order books of the most popular exchanges. Most depth charts only show a fraction of what people are willing to pay or sell their bitcoins for on order books. However, you can look at order books even further on certain exchanges to see all the hungry bottom feeders waiting for a quick flash crash.

Only Sharks Will Feed on the Crypto Market's Elusive Price Bottom

For example, on Bitstamp’s BTC/USD order book there are some huge 100 BTC or more orders for anything below the $2,800 price range. These traders have their fingers crossed that their orders will be filled during those precious seconds or minutes of pure fear-driven capitulation. Choosing a position is a guessing game as the price may stop at $3,000 or $2,800 but it could flash to $2,500 in the blink of an eye.

Erroneous BTC Bottom Predictions

The funny thing is that traders and analysts have been calling the bottom all year long and not one of those $10,000, $7,000, or $5,000 bottoms stayed for very long. There’s been a ton of bitcoin market bull traps and ‘dead kittens’ throughout 2018 and each time people thought the price had touched bottom. “May 2018 will be the last time we ever see bitcoin under $10,000,” Charlie Shrem told his 156,000 Twitter followers on May 3. In a similar instance the very next day, the notorious Max Keiser stated to his Twitter fans:

Bitcoin tested bottom at $6,000 and it’s now on track to post new ATH — $28,000 is *still* in play on this rally.

Only Sharks Will Feed on the Crypto Market's Elusive Price Bottom
In contrast to McAfee’s opinion, BTC has suffered from an 82% correction since Dec. 17, 2017.

The Bottom Could Be a Quick Memory or Even Years Away

The “bottom” predictions last spring by industry luminaries were proven wrong and their erroneous forecasts, based on zero fundamentals, should be considered pure speculation. The fact is that predicting the bottoms and tops in the cryptocurrency market is extremely difficult and even when they do occur, price bottoms could be quick and painless or last for years. A great example of an evasive price bottom was the spike in gold spot prices back in 1980. Historians will remember that a troy ounce of .999 fine gold touched a high of $600 per ounce that year and on some exchanges as high as $850. It took 21 years for gold prices to touch a “bottom” when it touched a low of $256 per ounce in 2001, losing 57.33 percent of its value.

Only Sharks Will Feed on the Crypto Market's Elusive Price Bottom
After the price of one ounce of gold touched a high in 1980 it took 21 years for gold to bottom.

It also took an awfully long time for BTC to find its bottom back in February 2015, going below $200 per coin. People will remember that BTC touched a high of close to $1,300 per BTC before falling throughout the entirety of 2014 and into 2015. Yesterday, cryptocurrency prices bounced pretty well on global markets, which coincidentally took place on the same day BTC reached $20k on exchanges one year ago. In some people’s subjective valuations, BTC’s nadir has already been reached, even though it is possible the market downturn continues. The truth is that cryptocurrency bottoms will be recorded in history, but predicting or seeing one as it occurs is largely a matter of luck.

What do you think about cryptocurrency luminaries calling the bottom for certain coins? Let us know what you think about the subject in the comments 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, therealasset.co, Tradingview, and Bitcoin.com.  


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