Crypto trading is an exiting business. Due to the high volatility of the crypto markets there is plenty of opportunities for day and swing traders. But it is not always that easy to make money with cryptocurrencies. There are mainly three things that drive crypto traders virtually nuts.
The $1 billon dollar bet is running. An anonymous buyer from china operating under the acronym “Yi Mei” is reported to have bought 96.000 BTC worth more than $1 billion dollar on a bitcoin exchange. Who might be the anonymous buyer?
The largest Amazon competitor in China “Alibaba” has discovered a new playing field: The company is going to launch a crypto mining business in China. This could become an adventourous project as China is about to tackle the crypto boom.
The biggest advantage of bitcoin & co is anonymity, speed and evasion of traditional payment methods such as wire or credit card transfer. Advantage not only for the good people but for the evil ones as well. Homeland and Secuity Department is concerned about the possibilities offered by cryptocurrencies. Regulation is needed.
The CME group has now officially stated they will start testing the new Bitcoin Future next monday, november 20th. This exiting news led to another volatile crypto trading session.
Once again the Bitcoin bubble did not burst – agains all odds. The 30% sell off in the last few days was just the aftermath of the postponed bitcoin hardfork. Bitcoin is again heading for new highs, but what is the reason for that? Basically there’s some good news for the Bitcoin and other crypto currencies: