Ecoer Logo

@uccdoc

20

Blockchain & Cryptocurrency Investor, Gamer, Geek, Weed News

steemit.com/@uccdoc
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS91.93%
Net Worth
0.226USD
STEEM
0.004STEEM
SBD
0.367SBD
Own SP
0.817SP

Detailed Balance

STEEM
balance
0.004STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
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0.000SP
Delegation In
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Effective Power
0.817SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.367SBD
sbd_conversions
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savings_sbd_balance
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Account Info

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recovery_accountsteem
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can_vote1
voting_power9,607
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vesting_shares1331.003079 VESTS
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vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update2018-03-21T04:54:18
minedNo
sbd_seconds0
sbd_last_interest_payment2018-06-20T06:56:48
savings_sbd_last_interest_payment1970-01-01T00:00:00
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Withdraw Routes

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From Date
To Date
2020/01/30 00:22:21
parent authoruccdoc
parent permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
authorsteemitboard
permlinksteemitboard-notify-uccdoc-20200130t002220000z
title
bodyCongratulations @uccdoc! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@uccdoc/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@uccdoc) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=uccdoc)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
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      "author": "steemitboard",
      "permlink": "steemitboard-notify-uccdoc-20200130t002220000z",
      "title": "",
      "body": "Congratulations @uccdoc! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@uccdoc/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@uccdoc) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=uccdoc)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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2019/01/30 01:30:51
parent authoruccdoc
parent permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
authorsteemitboard
permlinksteemitboard-notify-uccdoc-20190130t013050000z
title
bodyCongratulations @uccdoc! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@uccdoc/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_[Click here to view your Board](https://steemitboard.com/@uccdoc)_</sub> > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
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      "body": "Congratulations @uccdoc! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@uccdoc/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@uccdoc)_</sub>\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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2018/08/24 17:04:57
parent authoruccdoc
parent permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
authorgaman
permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs-gaman-08242018
title
bodyResteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
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2018/08/23 23:01:06
parent authoruccdoc
parent permlinkoklahoma-judge-keeps-medical-marijuana-rules-in-place
authorgaman
permlinkoklahoma-judge-keeps-medical-marijuana-rules-in-place-gaman-08232018
title
bodyResteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
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      "title": " ",
      "body": "Resteemed your article.  This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch",
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2018/08/23 22:41:06
parent authoruccdoc
parent permlinkwhen-capitulation-3-ways-bitcoin-s-bear-market-might-end
authorgaman
permlinkwhen-capitulation-3-ways-bitcoin-s-bear-market-might-end-gaman-08232018
title
bodyResteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
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      "title": " ",
      "body": "Resteemed your article.  This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch",
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2018/08/23 21:14:33
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2018/08/23 20:28:27
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permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
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2018/08/23 20:27:18
votersteemcleaners
authoruccdoc
permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
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2018/08/23 20:27:06
parent authoruccdoc
parent permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
authorsteemcleaners
permlinkre-uccdoc-why-did-the-sec-reject-all-derivative-backed-bitcoin-etfs-20180823t202707108z
title
body[Source](https://finance.yahoo.com/news/why-did-sec-reject-derivative-135445239.html) [Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah). [More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/) If you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)
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      "permlink": "re-uccdoc-why-did-the-sec-reject-all-derivative-backed-bitcoin-etfs-20180823t202707108z",
      "title": "",
      "body": "[Source](https://finance.yahoo.com/news/why-did-sec-reject-derivative-135445239.html)\n[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. \r\n\r\nSpam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).\r\n\r\n[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)\r\n\r\nIf you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)",
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2018/08/23 17:29:03
parent authoruccdoc
parent permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
authorbadcontent
permlinkre-why-did-the-sec-reject-all-derivative-backed-bitcoin-etfs-20180823t172904
title
body**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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2018/08/23 17:28:21
parent authoruccdoc
parent permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
authorcheetah
permlinkcheetah-re-uccdocwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://finance.yahoo.com/news/why-did-sec-reject-derivative-135445239.html
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2018/08/23 17:28:15
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2018/08/23 17:28:06
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authoruccdoc
permlinkwhy-did-the-sec-reject-all-derivative-backed-bitcoin-etfs
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body![](https://cdn.steemitimages.com/DQma72ujMFc88jJvCjYMiKdKxprmv4hXStRxiiT4vd6zM2y/image.png) On August 23, the U.S. Securities and Exchange Commission (SEC) rejected all of the pending derivative-backed Bitcoin exchange-traded funds (ETFs) filed by ProShares and Direxion. According to Jake Chervinsky, a government enforcement defense & securities litigation attorney for Kobre Kim LLP, the SEC disapproved all seven ETFs because of the risk of market manipulation and fraud involved. ## What Did ProShares and Direxion Try to do? Last month, the U.S. SEC officially rejected the ETF proposal filed by the Winklevoss twins, citing market manipulation as a major concern. The Winklevoss twins used Gemini, a strictly regulated cryptocurrency exchange, to establish the value of Bitcoin. But, the SEC argued that because Bitcoin markets are not inherently resistant to manipulation, relying on a single exchange to determine the value of a Bitcoin ETF, which has the potential to lead billions of dollars in new capital into the market, is of high risk. At the time, the Winklevoss twins believed that their ETF had a solid chance of being approved by the SEC, given the involvement of Nasdaq, the world’s second-biggest stock market, in Gemini’s operations to ensure that market and trading activity remain transparent and authentic. As a response to the SEC’s decision to reject the ETF proposal filed by the Winklevoss twins, ProShares and Direxion submitted new ETF proposals, which used the strictly regulated Cboe and CME futures market to establish the value of their ETFs. ![](https://cdn.steemitimages.com/DQmVujzSosiYb9mECgEVKkeeyZCotUKKNge8EUmXWLULnJw/image.png) While the Cboe and CME markets are regulated markets, the SEC said that the Bitcoin futures markets are not sufficiently large to allow an ETF to based its value on. ### Chervinsky said: > “So why did the SEC reject all these ETFs? Basically, the decision came down to the risk of market manipulation & fraud. The SEC can only approve an ETF that is ‘designed to prevent fraudulent and manipulative acts and practices.’ In the SEC’s view, these ETFs were not.” He further added that the SEC was not satisfied with the efforts of the two institutions to rely on the futures markets, mostly because the SEC is aware that the majority of Bitcoin trading still occurs in unregulated markets and cryptocurrency exchanges. “The SEC wasn’t impressed, finding that the bitcoin futures markets aren’t “of significant size” as required by the Winklevoss denial. They even cited Crypto Twitter favorite Chris Giancarlo, CFTC Chairman, who characterized the volume of the futures markets as ‘quite small.’ As a result, the SEC found that CBOE & CME wouldn’t provide enough info about the ‘identity of market participants’ on unregulated spot and derivative markets ‘where a substantial majority of trading’ occurs,” Chervinsky explained. In the long-term, as the Bitcoin futures market increase in size and other regulated financial institutions like Goldman Sachs, which already have started to clear futures on behalf of their clients, expand their businesses to create a major futures market alongside CME and Cboe, it is possible that derivatives-backed ETFs receive the approval of the SEC. But, in the short-term, the SEC will not approve any futures market-backed ETF in the U.S. market. ## Cboe and VanEck ETFs Based on the SEC’s arguments against the Winklevoss Bitcoin ETF and ProShares ETFs, it is clear that the SEC is trying to see rigorous transaction monitoring by an ETF that is based on a regulated market of significant size. It may be difficult to satisfy all of the demands from the SEC, but with the track record of VanEck and Cboe, the two ETFs have the highest probability of being approved to be available in U.S. markets. Source: www.ccn.com
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      "body": "![](https://cdn.steemitimages.com/DQma72ujMFc88jJvCjYMiKdKxprmv4hXStRxiiT4vd6zM2y/image.png)\n\nOn August 23, the U.S. Securities and Exchange Commission (SEC) rejected all of the pending derivative-backed Bitcoin exchange-traded funds (ETFs) filed by ProShares and Direxion.\n\nAccording to Jake Chervinsky, a government enforcement defense & securities litigation attorney for Kobre Kim LLP, the SEC disapproved all seven ETFs because of the risk of market manipulation and fraud involved.\n\n## What Did ProShares and Direxion Try to do?\nLast month, the U.S. SEC officially rejected the ETF proposal filed by the Winklevoss twins, citing market manipulation as a major concern. The Winklevoss twins used Gemini, a strictly regulated cryptocurrency exchange, to establish the value of Bitcoin.\n\nBut, the SEC argued that because Bitcoin markets are not inherently resistant to manipulation, relying on a single exchange to determine the value of a Bitcoin ETF, which has the potential to lead billions of dollars in new capital into the market, is of high risk.\n\nAt the time, the Winklevoss twins believed that their ETF had a solid chance of being approved by the SEC, given the involvement of Nasdaq, the world’s second-biggest stock market, in Gemini’s operations to ensure that market and trading activity remain transparent and authentic.\n\nAs a response to the SEC’s decision to reject the ETF proposal filed by the Winklevoss twins, ProShares and Direxion submitted new ETF proposals, which used the strictly regulated Cboe and CME futures market to establish the value of their ETFs.\n\n![](https://cdn.steemitimages.com/DQmVujzSosiYb9mECgEVKkeeyZCotUKKNge8EUmXWLULnJw/image.png)\n\nWhile the Cboe and CME markets are regulated markets, the SEC said that the Bitcoin futures markets are not sufficiently large to allow an ETF to based its value on.\n\n### Chervinsky said:\n\n> “So why did the SEC reject all these ETFs? Basically, the decision came down to the risk of market manipulation & fraud. The SEC can only approve an ETF that is ‘designed to prevent fraudulent and manipulative acts and practices.’ In the SEC’s view, these ETFs were not.”\n\nHe further added that the SEC was not satisfied with the efforts of the two institutions to rely on the futures markets, mostly because the SEC is aware that the majority of Bitcoin trading still occurs in unregulated markets and cryptocurrency exchanges.\n\n“The SEC wasn’t impressed, finding that the bitcoin futures markets aren’t “of significant size” as required by the Winklevoss denial. They even cited Crypto Twitter favorite Chris Giancarlo, CFTC Chairman, who characterized the volume of the futures markets as ‘quite small.’ As a result, the SEC found that CBOE & CME wouldn’t provide enough info about the ‘identity of market participants’ on unregulated spot and derivative markets ‘where a substantial majority of trading’ occurs,” Chervinsky explained.\n\nIn the long-term, as the Bitcoin futures market increase in size and other regulated financial institutions like Goldman Sachs, which already have started to clear futures on behalf of their clients, expand their businesses to create a major futures market alongside CME and Cboe, it is possible that derivatives-backed ETFs receive the approval of the SEC.\n\nBut, in the short-term, the SEC will not approve any futures market-backed ETF in the U.S. market.\n\n## Cboe and VanEck ETFs\nBased on the SEC’s arguments against the Winklevoss Bitcoin ETF and ProShares ETFs, it is clear that the SEC is trying to see rigorous transaction monitoring by an ETF that is based on a regulated market of significant size.\n\nIt may be difficult to satisfy all of the demands from the SEC, but with the track record of VanEck and Cboe, the two ETFs have the highest probability of being approved to be available in U.S. markets.\n\nSource: www.ccn.com",
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2018/08/23 00:05:15
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2018/08/22 23:44:00
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2018/08/22 23:16:36
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2018/08/22 23:15:36
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authoruccdoc
permlinkwall-street-analyst-estimates-us-cannabis-market-will-reach-usd47-billion
titleWall Street Analyst Estimates US Cannabis Market Will Reach $47 Billion
body![](https://cdn.steemitimages.com/DQmNRXetk4TZ6VnjCDTD4pdSKHbTGTH3E9x229Db258Ya64/image.png) ### RBC Analyst Nik Modi says U.S. cannabis sales are already at $50 billion if you include illegal purchases. For years, “$20 billion by 2020” was an oft-heard refrain from market analysts who saw a bright and prosperous future for the legal cannabis industry. Now, with that horizon fast-approaching, analysts are setting their sights on what the next decade has in store. And one analyst, RBC Capital Markets’ Nik Modi, is seeing green. ## Analyst Says Concentrates and Edibles Could Propel Sales To $47 Billion Annually RBC Capital Markets, an investment bank that’s part of Royal Bank of Canada, issued a memo to clients outlining the rapid growth of the U.S. marijuana sector. The memo, authored by Nik Modi, shows how cannabis sales in the U.S. are gaining ground on beer and wine sales. Projecting a compound annual growth rate (CAGR) of 17 percent, Modi estimates that the legal cannabis category could reach $47 billion in sales annually in the United States within the next decade, according to Business Insider. Yet the cannabis market in the U.S. faces uncertainties that Canada does not. Regulatory environments are constantly and rapidly shifting as states implement legalization and adopt different approaches to dealing with federal prohibition. Investing in the industry still carries risk. But RBC Capital Markets analyst Nik Modi brushed off concerns about the unpredictability of legal cannabis in the U.S.. Instead, he drew clients’ attention to a shift in consumer trends that is already having a major impact on domestic retail markets. Data from BDS Analytics, included in Modi’s memo, shows that the margin on cannabis flower has steadily declined since the beginning of recreational sales in Colorado in 2012. That’s indicative of a larger national move away from flower and toward cannabis edibles and concentrates. In Colorado, flower made up 70 percent of legal sales when shops opened in 2014. By the end of Q4 2017, flower accounted for just 46 percent of total sales. Picking up the slack were edibles and concentrates. Both are surging in popularity everywhere, and Modi thinks those forms of cannabis can propel total sales beyond $47 billion a year by 2027. ## Including Illegal Cannabis Sales Drastically Shifts Financial Forecasts Another eye-catching aspect of Modi’s analysis is another BDS Analytics chart showing the estimated U.S cannabis market size. The chart compares cannabis sales to spirits, wine, cigarettes, and beer. From spirits at $58 billion to beer $117 billion, all four categories best cannabis at $50 billion. But interestingly, the chart includes total legal and illegal cannabis sales to arrive at the $50 billion figure. It’s unclear what proportion of that amount is made up by illegal sales. Other cannabis market analysts say that illegal sales still account for the majority of total marijuana purchases in the U.S. But as legalization continues to channel consumers into the legal market, illegal sales are slowly declining. While access to legal cannabis expands nationwide, the size of the illegal market remains difficult to measure. So does predicting how much of it will move aboveboard in the coming years. Source: hightimes.com
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      "body": "![](https://cdn.steemitimages.com/DQmNRXetk4TZ6VnjCDTD4pdSKHbTGTH3E9x229Db258Ya64/image.png)\n\n### RBC Analyst Nik Modi says U.S. cannabis sales are already at $50 billion if you include illegal purchases.\n\nFor years, “$20 billion by 2020” was an oft-heard refrain from market analysts who saw a bright and prosperous future for the legal cannabis industry. Now, with that horizon fast-approaching, analysts are setting their sights on what the next decade has in store. And one analyst, RBC Capital Markets’ Nik Modi, is seeing green.\n\n## Analyst Says Concentrates and Edibles Could Propel Sales To $47 Billion Annually\n\nRBC Capital Markets, an investment bank that’s part of Royal Bank of Canada, issued a memo to clients outlining the rapid growth of the U.S. marijuana sector. The memo, authored by Nik Modi, shows how cannabis sales in the U.S. are gaining ground on beer and wine sales.\n\nProjecting a compound annual growth rate (CAGR) of 17 percent, Modi estimates that the legal cannabis category could reach $47 billion in sales annually in the United States within the next decade, according to Business Insider.\n\nYet the cannabis market in the U.S. faces uncertainties that Canada does not. Regulatory environments are constantly and rapidly shifting as states implement legalization and adopt different approaches to dealing with federal prohibition. Investing in the industry still carries risk.\n\nBut RBC Capital Markets analyst Nik Modi brushed off concerns about the unpredictability of legal cannabis in the U.S.. Instead, he drew clients’ attention to a shift in consumer trends that is already having a major impact on domestic retail markets.\n\nData from BDS Analytics, included in Modi’s memo, shows that the margin on cannabis flower has steadily declined since the beginning of recreational sales in Colorado in 2012. That’s indicative of a larger national move away from flower and toward cannabis edibles and concentrates.\n\nIn Colorado, flower made up 70 percent of legal sales when shops opened in 2014. By the end of Q4 2017, flower accounted for just 46 percent of total sales. Picking up the slack were edibles and concentrates. Both are surging in popularity everywhere, and Modi thinks those forms of cannabis can propel total sales beyond $47 billion a year by 2027.\n\n## Including Illegal Cannabis Sales Drastically Shifts Financial Forecasts\nAnother eye-catching aspect of Modi’s analysis is another BDS Analytics chart showing the estimated U.S cannabis market size. The chart compares cannabis sales to spirits, wine, cigarettes, and beer. From spirits at $58 billion to beer $117 billion, all four categories best cannabis at $50 billion. But interestingly, the chart includes total legal and illegal cannabis sales to arrive at the $50 billion figure. It’s unclear what proportion of that amount is made up by illegal sales.\n\nOther cannabis market analysts say that illegal sales still account for the majority of total marijuana purchases in the U.S. But as legalization continues to channel consumers into the legal market, illegal sales are slowly declining.\n\nWhile access to legal cannabis expands nationwide, the size of the illegal market remains difficult to measure. So does predicting how much of it will move aboveboard in the coming years.\n\nSource: hightimes.com",
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2018/08/22 23:10:45
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2018/08/22 23:09:39
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2018/08/22 23:09:30
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authoruccdoc
permlinkoklahoma-judge-keeps-medical-marijuana-rules-in-place
titleOklahoma Judge Keeps Medical Marijuana Rules in Place
body![](https://cdn.steemitimages.com/DQmRB454UbYy8LqkHbSwBpkgxDLvSGd3vE8y9Uy1dVaszFv/image.png) NORMAN, Okla. (AP) — More than 20 medical marijuana rules recently adopted in Oklahoma will stay in place after a judge shot down a court challenge seeking to block them from being implemented. Cleveland County District Judge Michael Tupper on Tuesday, Aug. 21, 2018, ruled against a legal petition asking for an emergency injunction on 21 medical marijuana regulations approved earlier in the month. Tupper said petitioners didn’t show “at this point” that the Oklahoma Board of Health overstepped its authority in imposing restrictions on State Question 788, which voters passed in June to legalize medical marijuana. “There’s a lot here,” Tupper said of the rules. “This is uncharted territory for the state of Oklahoma.” Board members first passed rules July 10 but redid them Aug. 1 after Attorney General Mike Hunter said the board had overstepped its authority. In applying for an emergency injunction, attorney Rachel Bussett argued that the Oklahoma Department of Health’s attempt to fix the rules “resulted in an ever bigger regulatory dumpster fire.” Medical cannabis advocates were largely upset about a rule that states some growers will be more highly regulated, similar to those in the food service industry. Bussett said the rule “has potentially made any outdoor commercial cultivation an impossibility.” Tupper sided with the Health Department, saying the rule does not impose any new requirements. He said it simply lets commercial licenses know that the Public Health Code still applies to their operations. The challenge was still successful despite the court loss, said Bussett, who noted the Health Department’s appointment of all 12 members of the Medical Marijuana Food Safety Standards Board. The board, which recommends regulations to the state health agency, was required in the original State Question approved by voters but wasn’t implemented until a day after the injunction was requested. “We’ve put their feet to the fire,” Bussett said. “The work that we are doing is pushing the Department of Health forward to act the way that they’re supposed to act.” Another hearing won’t occur until after petitioners can exchange evidence with the Health Department. But the challenge could be moot by then. “I hope the Legislature will step in,” Bussett said. “There is a myriad of different statutes that need to be fixed” that medical cannabis advocates have been working to present to lawmakers, she said. Residents can start applying for medical marijuana licenses Saturday. Update (8/22/18): This article contains new information from The Associated Press about the judge’s ruling Tuesday, Aug. 21, 2018. Source: www.marijuana.com
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      "body": "![](https://cdn.steemitimages.com/DQmRB454UbYy8LqkHbSwBpkgxDLvSGd3vE8y9Uy1dVaszFv/image.png)\n\nNORMAN, Okla. (AP) — More than 20 medical marijuana rules recently adopted in Oklahoma will stay in place after a judge shot down a court challenge seeking to block them from being implemented.\n\nCleveland County District Judge Michael Tupper on Tuesday, Aug. 21, 2018, ruled against a legal petition asking for an emergency injunction on 21 medical marijuana regulations approved earlier in the month. Tupper said petitioners didn’t show “at this point” that the Oklahoma Board of Health overstepped its authority in imposing restrictions on State Question 788, which voters passed in June to legalize medical marijuana.\n\n“There’s a lot here,” Tupper said of the rules. “This is uncharted territory for the state of Oklahoma.”\n\nBoard members first passed rules July 10 but redid them Aug. 1 after Attorney General Mike Hunter said the board had overstepped its authority. In applying for an emergency injunction, attorney Rachel Bussett argued that the Oklahoma Department of Health’s attempt to fix the rules “resulted in an ever bigger regulatory dumpster fire.”\n\nMedical cannabis advocates were largely upset about a rule that states some growers will be more highly regulated, similar to those in the food service industry. Bussett said the rule “has potentially made any outdoor commercial cultivation an impossibility.”\n\nTupper sided with the Health Department, saying the rule does not impose any new requirements. He said it simply lets commercial licenses know that the Public Health Code still applies to their operations.\n\nThe challenge was still successful despite the court loss, said Bussett, who noted the Health Department’s appointment of all 12 members of the Medical Marijuana Food Safety Standards Board. The board, which recommends regulations to the state health agency, was required in the original State Question approved by voters but wasn’t implemented until a day after the injunction was requested.\n\n“We’ve put their feet to the fire,” Bussett said. “The work that we are doing is pushing the Department of Health forward to act the way that they’re supposed to act.”\n\nAnother hearing won’t occur until after petitioners can exchange evidence with the Health Department. But the challenge could be moot by then.\n\n“I hope the Legislature will step in,” Bussett said. “There is a myriad of different statutes that need to be fixed” that medical cannabis advocates have been working to present to lawmakers, she said.\n\nResidents can start applying for medical marijuana licenses Saturday.\n\nUpdate (8/22/18): This article contains new information from The Associated Press about the judge’s ruling Tuesday, Aug. 21, 2018.\n\nSource: www.marijuana.com",
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2018/08/22 23:06:09
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2018/08/22 23:04:21
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2018/08/22 23:04:18
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2018/08/22 23:04:18
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2018/08/22 23:04:09
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permlinkwhen-capitulation-3-ways-bitcoin-s-bear-market-might-end
titleWhen Capitulation? 3 Ways Bitcoin's Bear Market Might End
body![](https://cdn.steemitimages.com/DQmSCfFb7jPQ5F9NC1DieUAuW3LTWiZ3PQdH9X6yTo6fnbe/image.png) It's an understatement to say the current price of the world's largest cryptocurrency pales when compared to its past glories – at $6,700, bitcoin is down roughly 60 percent from its all-time high. That said, market conditions aren't the same as they have been in years past. Indeed, bitcoin's 2017 boom has brought new attention, and with it, traders and investors who are left wondering if the asset can ever return to its former glory. Certainly, there's no shortage of ways to approach the question, but one effective method is to look at the charts for historical patterns that could speak to investor psychology, and perhaps, yield valuable hints and clues about future performance. Applying these theories, a market might be expected to "bottom," or reach a new low, after a speculative bubble bursts in a moment often referred to as "capitulation." Consisting of extreme selling over a short time period, the infamous 2014 bitcoin bear market finally bottomed out after it lost more than 40 percent of its value in less than three days at the top of 2015. Since such an event could be measured and understood in real-time, some eagle-eyed investors picked up on the move, even drawing attention to it on social media. That's because, to chart addicts known as technical analysts, all known information about a particular asset is reflected in its price action. So, in order to predict bitcoin's future, taking a look at its price history is perhaps the best place to start. It's an inexact science, and there's no guarantee history will ever repeat. That said, observing the bitcoin's past price action yields three possibilities worth of being discussed and considered. ## 1) We've seen the worst While technical analysts only take price action into account, it's impossible to ignore the implications a bitcoin ETF could have on prices of the cryptocurrency. As an indication of the effect an ETF can have on prices of an asset, gold prices increased drastically in the years following the introduction of an ETF. Using this as a measure, it's valid to assume bitcoin would succumb to a similar and explosive fate. With several ETF proposals awaiting a decision, most importantly the VanEck-SolidX ETF on September 30, a trader must account for any possible outcome. The market is already overwhelmingly bearish, so the true devil's advocate would play contrarian and account for the ETF's trend-changing approval. ![](https://cdn.steemitimages.com/DQmbLgSZbY3WdUygcLN37V2WV6p4bTRunizJ7jNDub8U7WF/image.png) As shown in the above chart, ascending trend lines of support have played an important role throughout the history of bitcoin prices. The first trendline took effect in 2012 when it provided reliable support for a strong uptrend from $2-$16. After surpassing $16, price action went completely parabolic, straying away from trendline until making a return at the end of 2014. This time however, price broke through the support and immediate capitulation took place, selling off more than 40 percent of bitcoin's price in three days. Since the infamous capitulation and 2015 market bottom, price found a new ascending support (lower white line) that will look to once again come into play sooner than later. The devil's advocate claims "we've seen the worst" of the 2018 bear market, so he is expecting a bounce on or before the fast approaching trendline. The argument has merit, as several bitcoin ETF proposals will be decided upon in the next few weeks and an approval could be just enough to salvage the trend, avoiding large-scale capitulation entirely. ## 2) $3K to $5K in play If there's no bitcoin ETF approval, one could argue there's no reason for bitcoin to resume its bullish uptrend until a market bottom occurs like it did in 2014-2015. Here lies the second bear market ending scenario. ![](https://cdn.steemitimages.com/DQmaymKxHymdEHQRLLe5PUQgSywJweC56zUcCxnjtwA7yhg/image.png) Looking at how dramatically price reacted to a breach of its first long-term ascending support in the chart, it's reasonable to assume it would have a similar reaction if the current trendline breaks (middle white line). If this does occur, there are two locations that present optimal bottoms following substantial capitulation. The first "bottom zone" lies in the $5,000 area since it was the peak resistance level of the prior bull move, from $3,000 to $5,000. Support and resistance lines experience an effect known as "polarity" when they are surpassed. When this occurs, resistance converts into support and vice versa because the party holding up or down prices has finally given up, which shifts control to the opposing party. It's important to note the $5,000 area has yet to be truly tested as support since it was initially breached as resistance. This suggests a test of the level as support is likely and elects it as a potential candidate for the market bottom. However, capitulation from current levels would not be overly severe for the $5,000 level to hold, perhaps leaving some to believe the market needs more extreme sell-offs in order to find a true bottom. That is where the next potential "bottom zone" of ~$3,000 could come into play. Technically speaking, the $3,000 level is much stronger support than $5,000. Similar to the above zone, $3,000 marked the peak resistance of a prior bull move, except after this resistance broke, the same level was sufficiently tested and proved as support. What's more, the $3,000 bottom zone would represent an 85 percent deprecation from bitcoin's all-time high, a near identical peak-to-bottom percent difference as the 2014 bear market of 86.65 percent, according to figures from the Bitstamp exchange. ##1) $1K doomsday Perhaps here lies another devil's advocate, the ultra-bearish contrarian. Upon a close examination of the price level (~$240) where the first ascending support trend line was breached in Jan. 2015, it coincidentally also marks the exact peak of the prior "mega" bull run when price surged nearly 1,000 percent from $16 to $240. In a sense, breaking both the trend line and prior bull run high was a "double whammy" to investors giving them no other choice than to lose complete hope, the necessary precursor to capitulation. ![](https://cdn.steemitimages.com/DQmaVvsaGKftKe4gFwYpMT8EiJZJcuL5KYnv7TUWq8ZkDmJ/image.png) According to this theory, if the current ascending trend line breaks, price may not find its "bottom" until reaching the high of the prior "mega" bull run, which in this case lies in the $1,200 area. If prices were to fall to this level, it's last hope would be to eventually find a new ascending support for the entire "bull cycle" to repeat, an estimated outcome depicted by the dashed white line in the chart. Disclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing. Source: www.coindesk.com
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      "body": "![](https://cdn.steemitimages.com/DQmSCfFb7jPQ5F9NC1DieUAuW3LTWiZ3PQdH9X6yTo6fnbe/image.png)\n\nIt's an understatement to say the current price of the world's largest cryptocurrency pales when compared to its past glories – at $6,700, bitcoin is down roughly 60 percent from its all-time high.\n\nThat said, market conditions aren't the same as they have been in years past. Indeed, bitcoin's 2017 boom has brought new attention, and with it, traders and investors who are left wondering if the asset can ever return to its former glory.\n\nCertainly, there's no shortage of ways to approach the question, but one effective method is to look at the charts for historical patterns that could speak to investor psychology, and perhaps, yield valuable hints and clues about future performance.\n\nApplying these theories, a market might be expected to \"bottom,\" or reach a new low, after a speculative bubble bursts in a moment often referred to as \"capitulation.\" Consisting of extreme selling over a short time period, the infamous 2014 bitcoin bear market finally bottomed out after it lost more than 40 percent of its value in less than three days at the top of 2015.\n\nSince such an event could be measured and understood in real-time, some eagle-eyed investors picked up on the move, even drawing attention to it on social media.\n\nThat's because, to chart addicts known as technical analysts, all known information about a particular asset is reflected in its price action. So, in order to predict bitcoin's future, taking a look at its price history is perhaps the best place to start.\n\nIt's an inexact science, and there's no guarantee history will ever repeat. That said, observing the bitcoin's past price action yields three possibilities worth of being discussed and considered.\n\n## 1) We've seen the worst\nWhile technical analysts only take price action into account, it's impossible to ignore the implications a bitcoin ETF could have on prices of the cryptocurrency.\n\nAs an indication of the effect an ETF can have on prices of an asset, gold prices increased drastically in the years following the introduction of an ETF. Using this as a measure, it's valid to assume bitcoin would succumb to a similar and explosive fate. \n\nWith several ETF proposals awaiting a decision, most importantly the VanEck-SolidX ETF on September 30, a trader must account for any possible outcome. The market is already overwhelmingly bearish, so the true devil's advocate would play contrarian and account for the ETF's trend-changing approval.\n\n![](https://cdn.steemitimages.com/DQmbLgSZbY3WdUygcLN37V2WV6p4bTRunizJ7jNDub8U7WF/image.png)\n\nAs shown in the above chart, ascending trend lines of support have played an important role throughout the history of bitcoin prices.\n\nThe first trendline took effect in 2012 when it provided reliable support for a strong uptrend from $2-$16. After surpassing $16, price action went completely parabolic, straying away from trendline until making a return at the end of 2014.\n\nThis time however, price broke through the support and immediate capitulation took place, selling off more than 40 percent of bitcoin's price in three days.\n\nSince the infamous capitulation and 2015 market bottom, price found a new ascending support (lower white line) that will look to once again come into play sooner than later.\n\nThe devil's advocate claims \"we've seen the worst\" of the 2018 bear market, so he is expecting a bounce on or before the fast approaching trendline. The argument has merit, as several bitcoin ETF proposals will be decided upon in the next few weeks and an approval could be just enough to salvage the trend, avoiding large-scale capitulation entirely.\n\n## 2) $3K to $5K in play\nIf there's no bitcoin ETF approval, one could argue there's no reason for bitcoin to resume its bullish uptrend until a market bottom occurs like it did in 2014-2015.\n\nHere lies the second bear market ending scenario.\n\n![](https://cdn.steemitimages.com/DQmaymKxHymdEHQRLLe5PUQgSywJweC56zUcCxnjtwA7yhg/image.png)\n\nLooking at how dramatically price reacted to a breach of its first long-term ascending support in the chart, it's reasonable to assume it would have a similar reaction if the current trendline breaks (middle white line). If this does occur, there are two locations that present optimal bottoms following substantial capitulation.\n\nThe first \"bottom zone\" lies in the $5,000 area since it was the peak resistance level of the prior bull move, from $3,000 to $5,000.\n\nSupport and resistance lines experience an effect known as \"polarity\" when they are surpassed. When this occurs, resistance converts into support and vice versa because the party holding up or down prices has finally given up, which shifts control to the opposing party.\n\nIt's important to note the $5,000 area has yet to be truly tested as support since it was initially breached as resistance. This suggests a test of the level as support is likely and elects it as a potential candidate for the market bottom.\n\nHowever, capitulation from current levels would not be overly severe for the $5,000 level to hold, perhaps leaving some to believe the market needs more extreme sell-offs in order to find a true bottom. That is where the next potential \"bottom zone\" of ~$3,000 could come into play.\n\nTechnically speaking, the $3,000 level is much stronger support than $5,000. Similar to the above zone, $3,000 marked the peak resistance of a prior bull move, except after this resistance broke, the same level was sufficiently tested and proved as support.\n\nWhat's more, the $3,000 bottom zone would represent an 85 percent deprecation from bitcoin's all-time high, a near identical peak-to-bottom percent difference as the 2014 bear market of 86.65 percent, according to figures from the Bitstamp exchange.\n\n##1) $1K doomsday\nPerhaps here lies another devil's advocate, the ultra-bearish contrarian.\n\nUpon a close examination of the price level (~$240) where the first ascending support trend line was breached in Jan. 2015, it coincidentally also marks the exact peak of the prior \"mega\" bull run when price surged nearly 1,000 percent from $16 to $240.\n\nIn a sense, breaking both the trend line and prior bull run high was a \"double whammy\" to investors giving them no other choice than to lose complete hope, the necessary precursor to capitulation.\n\n![](https://cdn.steemitimages.com/DQmaVvsaGKftKe4gFwYpMT8EiJZJcuL5KYnv7TUWq8ZkDmJ/image.png)\n\nAccording to this theory, if the current ascending trend line breaks, price may not find its \"bottom\" until reaching the high of the prior \"mega\" bull run, which in this case lies in the $1,200 area.\n\nIf prices were to fall to this level, it's last hope would be to eventually find a new ascending support for the entire \"bull cycle\" to repeat, an estimated outcome depicted by the dashed white line in the chart.\n\nDisclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing.\n\nSource: www.coindesk.com",
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2018/06/21 04:59:15
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2018/06/21 04:58:54
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titleCanada legalizes recreational marijuana - Congrats!
body![](https://cdn.steemitimages.com/DQmZxxFHkPAYjcPhj8MWudazmvimZnvxxAugW2uiTrxzXK5/image.png) ![](https://cdn.steemitimages.com/DQmQxB1kXuG29yGuuNyGnnwVBJsi6azirwSWL7hJWM8sFZd/image.png) # Canada's upper house of parliament has approved a revised bill to legalize recreational marijuana within eight to 12 weeks. As the first G7 economy to fully legalize pot, Canada's regulatory rollout will be closely watched by other nations considering the same path - and by global investors, who have already poured billions into Canadian cannabis firms. Congrats to you All up North! Can't wait to see that day in the USA & World Wide! ![](https://cdn.steemitimages.com/DQmci8FrU7RYEUA8MJWfUi21tju13USdfGiDGXK84ur3CzS/image.png)
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      "body": "![](https://cdn.steemitimages.com/DQmZxxFHkPAYjcPhj8MWudazmvimZnvxxAugW2uiTrxzXK5/image.png)\n\n![](https://cdn.steemitimages.com/DQmQxB1kXuG29yGuuNyGnnwVBJsi6azirwSWL7hJWM8sFZd/image.png)\n\n# Canada's upper house of parliament has approved a revised bill to legalize recreational marijuana within eight to 12 weeks.\n\nAs the first G7 economy to fully legalize pot, Canada's regulatory rollout will be closely watched by other nations considering the same path - and by global investors, who have already poured billions into Canadian cannabis firms.\n\nCongrats to you All up North! Can't wait to see that day in the USA & World Wide!\n\n![](https://cdn.steemitimages.com/DQmci8FrU7RYEUA8MJWfUi21tju13USdfGiDGXK84ur3CzS/image.png)",
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2018/06/21 04:58:21
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authoruccdoc
permlinkcanada-legalizes-recreational-marijuana
titleCanada legalizes recreational marijuana
body![](https://cdn.steemitimages.com/DQmZxxFHkPAYjcPhj8MWudazmvimZnvxxAugW2uiTrxzXK5/image.png) ![](https://cdn.steemitimages.com/DQmQxB1kXuG29yGuuNyGnnwVBJsi6azirwSWL7hJWM8sFZd/image.png) # Canada's upper house of parliament has approved a revised bill to legalize recreational marijuana within eight to 12 weeks. As the first G7 economy to fully legalize pot, Canada's regulatory rollout will be closely watched by other nations considering the same path - and by global investors, who have already poured billions into Canadian cannabis firms. Congrats to you All up North! Can't wait to see that day in the USA & World Wide! ![](https://cdn.steemitimages.com/DQmci8FrU7RYEUA8MJWfUi21tju13USdfGiDGXK84ur3CzS/image.png)
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2018/06/20 21:29:42
parent authoruccdoc
parent permlinka-uk-exchange-is-launching-litecoin-futures-trading
authorbadcontent
permlinkre-a-uk-exchange-is-launching-litecoin-futures-trading-20180620t212941
title
body**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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2018/06/20 21:27:03
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parent permlinkhigh-times-pot-s-most-established-brand-is-going-public
authorgaman
permlinkhigh-times-pot-s-most-established-brand-is-going-public-gaman-06202018
title
bodyResteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
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2018/06/20 21:07:03
parent authoruccdoc
parent permlinkusd7k-bitcoin-price-looks-north-after-six-day-high
authorgaman
permlinkusd7k-bitcoin-price-looks-north-after-six-day-high-gaman-06202018
title
bodyResteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
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2018/06/20 15:32:39
parent authoruccdoc
parent permlinka-uk-exchange-is-launching-litecoin-futures-trading
authorcheetah
permlinkcheetah-re-uccdoca-uk-exchange-is-launching-litecoin-futures-trading
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://todayscrypto.com/a-uk-exchange-is-launching-litecoin-futures-trading/
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2018/06/20 15:32:36
votercheetah
authoruccdoc
permlinka-uk-exchange-is-launching-litecoin-futures-trading
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2018/06/20 15:32:21
parent author
parent permlinkbitcoin
authoruccdoc
permlinka-uk-exchange-is-launching-litecoin-futures-trading
titleA UK Exchange Is Launching Litecoin Futures Trading
body![](https://cdn.steemitimages.com/DQmRmLUGQ15BEKV2mvq1s8g6qW21q3qcMFct1ieCESrygrk/image.png) ## U.K.-based cryptocurrency futures trading platform Crypto Facilities is launching a litecoin (LTC) derivative product. According to an announcement on Wednesday, the new U.S. dollar-denominated service will go live on Friday, June 22, and will allow investors to long or short futures contracts that have litecoin as the underlying collateral, with weekly, monthly and quarterly maturities. Timo Schlaefer, CEO of Crypto Facilities, said the decision is a result of having received "strong client demand" for litecoin contracts. "We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets," he said. Litecoin creator Charlie Lee commented in the announcement that, by opening up litecoin trading to more institutional investors, the new product would increase the cryptocurrency's liquidity and "make it easier for people to get in and out of litecoin." The move comes just a month after the firm launched ethereum-based futures contracts and marks a new addition to several crypto-based derivative products that are already being traded on the platform, including bitcoin and XRP, the native token of the Ripple protocol. In an email response, Crypto Facilities told CoinDesk that the firm is expecting the trading volume of its ethereum futures contracts to reach around $150 million in this quarter, accounting for around 10 percent of the platform's total. source: www.coindesk.com
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2018/06/20 14:47:15
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authoruccdoc
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uccdocclaimed reward balance: 0.125 SBD, 0.051 SP
2018/06/20 06:56:48
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2018/06/19 22:00:06
parent authoruccdoc
parent permlinkhigh-times-pot-s-most-established-brand-is-going-public
authorbadcontent
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2018/06/19 21:59:12
parent authoruccdoc
parent permlinkhigh-times-pot-s-most-established-brand-is-going-public
authorbible.com
permlinkre-uccdoc-high-times-pot-s-most-established-brand-is-going-public-20180619t215910173z
title
bodyGet a free Bible for your phone, tablet, and computer. [bible.com](http://bible.com)
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2018/06/19 21:59:03
voterajdanblanc
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permlinkhigh-times-pot-s-most-established-brand-is-going-public
weight10000 (100.00%)
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2018/06/19 21:59:00
parent authoruccdoc
parent permlinkhigh-times-pot-s-most-established-brand-is-going-public
authorcheetah
permlinkcheetah-re-uccdochigh-times-pot-s-most-established-brand-is-going-public
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://hightimes.com/news/high-times-pots-most-established-brand-going-public/
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2018/06/19 21:58:54
votercheetah
authoruccdoc
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2018/06/19 21:58:42
parent author
parent permlinkpot
authoruccdoc
permlinkhigh-times-pot-s-most-established-brand-is-going-public
titleHigh Times, Pot’s Most Established Brand, is Going Public
bodyOne of the oldest and biggest names in the cannabis space, High Times, is officially going public on the NASDAQ. ![](https://cdn.steemitimages.com/DQmdKUc8e8By426yeyerpc1syBCXBD79vjkGCo5DtqPWD2b/image.png) There’s big news on High Times’ march toward an initial public stock offering. Investors are now being offered a chance to buy a piece of Hightimes Media Corp. as part of a IPO equity crowdfunding campaign, under the SEC’s Regulation A+ (Reg A) process. The Reg A share price will be set at $11, a ten percent discount from the anticipated opening price on Nasdaq. New to investing? No brokerage account will be needed to buy shares in the legacy brand—just a visit to hightimes.com/invest. High Times Chief Executive Officer Adam Levin explained the decision to crowdfund before the company’s official market debut. > # “We’re making history by becoming one of the first cannabis-focused companies publicly traded on the Nasdaq.” There’s big news on High Times’ march toward an initial public stock offering. Investors are now being offered a chance to buy a piece of Hightimes Media Corp. as part of a IPO equity crowdfunding campaign, under the SEC’s Regulation A+ (Reg A) process. The Reg A share price will be set at $11, a ten percent discount from the anticipated opening price on Nasdaq. New to investing? No brokerage account will be needed to buy shares in the legacy brand—just a visit to hightimes.com/invest. High Times Chief Executive Officer Adam Levin explained the decision to crowdfund before the company’s official market debut. “We’re making history by becoming one of the first cannabis-focused companies publicly traded on the Nasdaq.” “It was important to me that this offering be open to anyone interested in joining this historic team, not just to those with brokerage accounts,” said Levin. “We’re making history by becoming one of the first cannabis-focused companies publicly traded on the Nasdaq. We got here in no small part because of our incredible audience, who have been supporting this iconic brand for decades.” As marijuana legalization surges ahead and interest in the industry grows nationally, Levin expects High Times and its brand will continue to grow, too. With the money raised by the public offering, Hightimes Holding Co. plans on investing in and expanding content creation, as well as other product lines and brands such as its event productions—centered around its touring festival series, the Cannabis Cup—and High Times Records, launched last year. The business will remain focused on media, events, and lifestyle experiences tied to pot culture while remaining separate from the production or distribution of cannabis. ![](https://cdn.steemitimages.com/DQmV8fPtYXpSNLH4cpiuQtmUrVDA7wdhkKBdjzSoV1RuBDy/image.png) Close to a quarter million people receive the print edition of the magazine, which launched in 1974. Online, High Times’ websites attract 275 million monthly digital impressions—an increase of over 425% from a year ago, when Hightimes Holding Co. took controlling interest. Revenues have increased by 20% since then as well. ## “It’s very rare to see an organization in a growing industry that has already established so much strength and significance—especially before the industry was even truly born,” said former President of Mexico and veteran businessman, Vicente Fox, who recently joined the Hightimes Holding Co. board of directors. ## “High Times has built an empire in the dark, and with the sun finally shining there’s never been a better opportunity to join the fight,” said Fox. High Times’ Reg A announcement comes at a time when public acceptance of cannabis use is rapidly growing around the world. Canada will legalize cannabis for adult use at a federal level later this summer. Uruguay legalized cannabis sales last year. In 2018, 12 more states in the U.S. are set to vote on legalization. Now, more than ever, people are curious to learn about the plant, its benefits, and the culture that has grown up around it. At the time of the company’s acquisition, media analyst Samir Husni of the Magazine Innovation Center at the University of Mississippi told the San Francisco Business Chronicle, “High Times is like the North Star that all the other magazines followed… they are going to build a brand-new skyscraper.” Source: www.hightimes.com
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      "title": "High Times, Pot’s Most Established Brand, is Going Public",
      "body": "One of the oldest and biggest names in the cannabis space, High Times, is officially going public on the NASDAQ.\n\n![](https://cdn.steemitimages.com/DQmdKUc8e8By426yeyerpc1syBCXBD79vjkGCo5DtqPWD2b/image.png)\n\n\nThere’s big news on High Times’ march toward an initial public stock offering. Investors are now being offered a chance to buy a piece of Hightimes Media Corp. as part of a IPO equity crowdfunding campaign, under the SEC’s Regulation A+ (Reg A) process.\n\nThe Reg A share price will be set at $11, a ten percent discount from the anticipated opening price on Nasdaq. New to investing? No brokerage account will be needed to buy shares in the legacy brand—just a visit to hightimes.com/invest.\n\nHigh Times Chief Executive Officer Adam Levin explained the decision to crowdfund before the company’s official market debut.\n\n> # “We’re making history by becoming one of the first cannabis-focused companies publicly traded on the Nasdaq.”\n\nThere’s big news on High Times’ march toward an initial public stock offering. Investors are now being offered a chance to buy a piece of Hightimes Media Corp. as part of a IPO equity crowdfunding campaign, under the SEC’s Regulation A+ (Reg A) process.\n\nThe Reg A share price will be set at $11, a ten percent discount from the anticipated opening price on Nasdaq. New to investing? No brokerage account will be needed to buy shares in the legacy brand—just a visit to hightimes.com/invest.\n\nHigh Times Chief Executive Officer Adam Levin explained the decision to crowdfund before the company’s official market debut.\n\n“We’re making history by becoming one of the first cannabis-focused companies publicly traded on the Nasdaq.”\n\n\n“It was important to me that this offering be open to anyone interested in joining this historic team, not just to those with brokerage accounts,” said Levin. “We’re making history by becoming one of the first cannabis-focused companies publicly traded on the Nasdaq. We got here in no small part because of our incredible audience, who have been supporting this iconic brand for decades.”\n\nAs marijuana legalization surges ahead and interest in the industry grows nationally, Levin expects High Times and its brand will continue to grow, too.\n\nWith the money raised by the public offering, Hightimes Holding Co. plans on investing in and expanding content creation, as well as other product lines and brands such as its event productions—centered around its touring festival series, the Cannabis Cup—and High Times Records, launched last year. The business will remain focused on media, events, and lifestyle experiences tied to pot culture while remaining separate from the production or distribution of cannabis.\n\n![](https://cdn.steemitimages.com/DQmV8fPtYXpSNLH4cpiuQtmUrVDA7wdhkKBdjzSoV1RuBDy/image.png)\n\nClose to a quarter million people receive the print edition of the magazine, which launched in 1974. Online, High Times’ websites attract 275 million monthly digital impressions—an increase of over 425% from a year ago, when Hightimes Holding Co. took controlling interest. Revenues have increased by 20% since then as well.\n\n## “It’s very rare to see an organization in a growing industry that has already established so much strength and significance—especially before the industry was even truly born,” said former President of Mexico and veteran businessman, Vicente Fox, who recently joined the Hightimes Holding Co. board of directors.\n\n## “High Times has built an empire in the dark, and with the sun finally shining there’s never been a better opportunity to join the fight,” said Fox.\n\nHigh Times’ Reg A announcement comes at a time when public acceptance of cannabis use is rapidly growing around the world. Canada will legalize cannabis for adult use at a federal level later this summer. Uruguay legalized cannabis sales last year. In 2018, 12 more states in the U.S. are set to vote on legalization. Now, more than ever, people are curious to learn about the plant, its benefits, and the culture that has grown up around it.\n\nAt the time of the company’s acquisition, media analyst Samir Husni of the Magazine Innovation Center at the University of Mississippi told the San Francisco Business Chronicle, “High Times is like the North Star that all the other magazines followed… they are going to build a brand-new skyscraper.”\n\nSource: www.hightimes.com",
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2018/06/19 21:58:18
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2018/06/19 21:52:36
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permlinkre-usd7k-bitcoin-price-looks-north-after-six-day-high-20180619t215236
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body**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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2018/06/19 21:46:33
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authoruccdoc
permlinkre-kingscrown-which-coins-to-buy-and-where-20180619t214634374z
title
bodyI'll say we stick with the core coins for now till things start looking better again... I'm in with BTC, ETH, LTC & XRP, but also own a few of XLM, ADA & XVG
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2018/06/19 21:43:27
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body**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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2018/06/19 21:41:12
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authoruccdoc
permlinkusd7k-bitcoin-price-looks-north-after-six-day-high
title$7k? Bitcoin Price Looks North After Six-Day High
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2018/06/19 21:40:39
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authoruccdoc
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2018/06/19 21:40:39
parent authoruccdoc
parent permlinkusd7k-bitcoin-price-looks-north-after-six-day-high
authorbible.com
permlinkre-uccdoc-usd7k-bitcoin-price-looks-north-after-six-day-high-20180619t214043004z
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bodyGet a free Bible for your phone, tablet, and computer. [bible.com](http://bible.com)
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      "body": "Get a free Bible for your phone, tablet, and computer. [bible.com](http://bible.com)",
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2018/06/19 21:40:30
parent authoruccdoc
parent permlinkusd7k-bitcoin-price-looks-north-after-six-day-high
authorcheetah
permlinkcheetah-re-uccdocusd7k-bitcoin-price-looks-north-after-six-day-high
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bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: http://marketcoinnews.com/2018/06/7000-bitcoin-looks-north-after-six-day-high/
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2018/06/19 21:40:27
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authoruccdoc
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2018/06/19 21:40:18
parent author
parent permlinkbitcoin
authoruccdoc
permlinkusd7k-bitcoin-price-looks-north-after-six-day-high
title$7k? Bitcoin Price Looks North After Six-Day High
bodyDespite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the highest level since June 12, according to Bitfinex data. The $400 rally may have trapped a few bears on the wrong side of the market, given the pennant breakdown on the 4-hour chart had called for a drop to $6,000. Yesterday's gravity-defying price action in BTC has boosted the odds of a rally to $7,024 (23.6 percent Fibonacci retracement of the sell-off from $9,990 to $6,108). However, the long-run outlook remains bearish for now. At press time, bitcoin is changing hands at $6,700 on Bitfinex. ## 4-hour chart ![](https://cdn.steemitimages.com/DQmPgHacvJS44ZEPaH4bgHZu9qtirWqWB2wmeLgVt2HS5iU/image.png) As seen in the chart above, the 4-hour candle crossed the upper Bollinger band in a convincing manner yesterday, signaling a bullish Bollinger band (standard deviation of +2 and -2 on 20-candle moving average) breakout. Trading volume also picked up (circled on chart), adding credence to the bullish move. Meanwhile, the cryptocurrency has also found acceptance above the 50-candle moving average (MA) and the relative strength index (RSI) is biased bullish (above 50.00). So, BTC will likely clear the immediate resistance at $6,736 (yellow dotted line) and test supply around $7,024 (23.6 percent Fibonacci retracement of the drop from $9,990 to $6,108) in the next 24 hours. It's worth noting that the descending (bearish) 100-candle MA is located at $7,045, marking a key resistance level for the bulls. The positive Bollinger band setup also validates the argument put forward by the bullish price-relative strength index (RSI) divergence last week that the cryptocurrency has found a temporary low at around $6,100. ## Daily chart ![](https://cdn.steemitimages.com/DQmXXcW3w68yP6wiqom8vxHAuzoJGpzCMC3WttCUg7u6yNF/image.png) BTC closed above the 10-day MA yesterday, invalidating the immediate bearish outlook. It also created a bullish outside-day candle on Monday (price action engulfed Sunday's high and low) – that is, the day began on a pessimistic note, but ended optimistically. Thus, the probability that the corrective rally will gather traction is high. > ## View > BTC looks set to take out immediate resistance at $6,736 and rally towards $7,024 (23.6 percent Fibonacci retracement of the drop from $9,990 to $6,108). A daily close (as per UTC) above that level would open the doors to $7,500–$7,600, although the rally could be short-lived as the long-run technicals are still biased to the bears. Bearish scenario: A sell-off to $6,000 could still happen this week, if BTC closes (as per UTC) below the 10-day MA ($6,582) today. Source: www.coindesk.com
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      "body": "Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map.\n\nThe leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the highest level since June 12, according to Bitfinex data.\n\nThe $400 rally may have trapped a few bears on the wrong side of the market, given the pennant breakdown on the 4-hour chart had called for a drop to $6,000.\n\nYesterday's gravity-defying price action in BTC has boosted the odds of a rally to $7,024 (23.6 percent Fibonacci retracement of the sell-off from $9,990 to $6,108). However, the long-run outlook remains bearish for now.\n\nAt press time, bitcoin is changing hands at $6,700 on Bitfinex.\n\n## 4-hour chart\n\n![](https://cdn.steemitimages.com/DQmPgHacvJS44ZEPaH4bgHZu9qtirWqWB2wmeLgVt2HS5iU/image.png)\n\nAs seen in the chart above, the 4-hour candle crossed the upper Bollinger band in a convincing manner yesterday, signaling a bullish Bollinger band (standard deviation of +2 and -2 on 20-candle moving average) breakout.\n\nTrading volume also picked up (circled on chart), adding credence to the bullish move. Meanwhile, the cryptocurrency has also found acceptance above the 50-candle moving average (MA) and the relative strength index (RSI) is biased bullish (above 50.00).\n\nSo, BTC will likely clear the immediate resistance at $6,736 (yellow dotted line) and test supply around $7,024 (23.6 percent Fibonacci retracement of the drop from $9,990 to $6,108) in the next 24 hours.\n\nIt's worth noting that the descending (bearish) 100-candle MA is located at $7,045, marking a key resistance level for the bulls.\n\nThe positive Bollinger band setup also validates the argument put forward by the bullish price-relative strength index (RSI) divergence last week that the cryptocurrency has found a temporary low at around $6,100.\n\n## Daily chart\n\n![](https://cdn.steemitimages.com/DQmXXcW3w68yP6wiqom8vxHAuzoJGpzCMC3WttCUg7u6yNF/image.png)\n\nBTC closed above the 10-day MA yesterday, invalidating the immediate bearish outlook. It also created a bullish outside-day candle on Monday (price action engulfed Sunday's high and low) – that is, the day began on a pessimistic note, but ended optimistically. Thus, the probability that the corrective rally will gather traction is high.\n\n> ## View\n\n> BTC looks set to take out immediate resistance at $6,736 and rally towards $7,024 (23.6 percent Fibonacci retracement of the drop from $9,990 to $6,108).\nA daily close (as per UTC) above that level would open the doors to $7,500–$7,600, although the rally could be short-lived as the long-run technicals are still biased to the bears.\nBearish scenario: A sell-off to $6,000 could still happen this week, if BTC closes (as per UTC) below the 10-day MA ($6,582) today.\n\nSource: www.coindesk.com",
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2018/05/25 20:50:57
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2018/05/25 20:42:42
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2018/05/25 20:42:39
parent authoruccdoc
parent permlinkcryptocurrency-market-posts-minor-recovery-but-bitcoin-downward-trend-is-still-strong
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body**Coins mentioned in post:** Coin | | Price (USD) | 📉 24h | 📉 7d - | - | - | - | - **ABT** | Arcblock | 0.917$ | _0.91%_ | _-11.49%_ **BTC** | Bitcoin | 7451.220$ | _-1.63%_ | _-9.13%_ **CTXC** | Cortex | 1.490$ | _5.03%_ | _-2.87%_ **ONT** | Ontology | 6.453$ | _-5.01%_ | _-4.93%_ **YEE** | YEE | 0.022$ | _-3.45%_ | _-16.6%_
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2018/05/25 20:31:57
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permlinkre-cryptocurrency-market-posts-minor-recovery-but-bitcoin-downward-trend-is-still-strong-20180525t203157
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body**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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2018/05/25 20:31:18
parent authoruccdoc
parent permlinkcryptocurrency-market-posts-minor-recovery-but-bitcoin-downward-trend-is-still-strong
authorcheetah
permlinkcheetah-re-uccdoccryptocurrency-market-posts-minor-recovery-but-bitcoin-downward-trend-is-still-strong
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: http://blockchainwatchtower.com/2018/05/25/cryptocurrency-market-slightly-recovers-but-bitcoin-downward-trend-is-still-strong/
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://blockchainwatchtower.com/2018/05/25/cryptocurrency-market-slightly-recovers-but-bitcoin-downward-trend-is-still-strong/",
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2018/05/25 20:31:12
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authoruccdoc
permlinkcryptocurrency-market-posts-minor-recovery-but-bitcoin-downward-trend-is-still-strong
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2018/05/25 20:30:57
parent author
parent permlinkbitcoin
authoruccdoc
permlinkcryptocurrency-market-posts-minor-recovery-but-bitcoin-downward-trend-is-still-strong
titleCryptocurrency Market Posts Minor Recovery But Bitcoin Downward Trend is Still Strong
body![](https://cdn.steemitimages.com/DQmU3U2oiNfgYezJcyoAhP7DTbssBVFpHaGvb5T5M1kp7v4/image.png) As CCN reported yesterday, on May 24, the bitcoin price dipped below $7,250 as a massive sell-off from the $7,700 mark intensified. After three consecutive sell-offs within a 24-hour period, the price of bitcoin dropped from $7,900 to $7,250, eventually stabilizing at $7,400. # Bear Market The cryptocurrency sector is in a short-term bear cycle. In a highly volatile period like this, positive developments and events that would otherwise lead to a significant surge in the valuation of the cryptocurrency market often do not affect the market in a major way. As such, in spite of the entrance of financial institutions like the New York Stock Exchange, Goldman Sachs, and JPMorgan, the cryptocurrency market has continued to decline. Based on the price trend of BTC over the past two months, it is possible that the correction continues to the higher end of the $6,000 region, considering the overly strong downward trend of BTC and other major cryptocurrencies in the global market. Throughout its recent history, over the past 12 months, bitcoin recorded three major drops. As seen in the 1-day price chart of BTC below, all three correction bounced back on a similar support level at $6,600. When the bitcoin price dropped from $20,000 to the $6,000 region, the bitcoin price rebounded to $12,000 after securing the $6,600 support level. A similar trend occurred when the price of BTCdropped from $11,000 to $6,400 and so on. It is possible that the BTC price bottoms out in the mid $6,000 region once again and immediately initiate a strong rally back to the $10,000 to $12,000 region. ![](https://cdn.steemitimages.com/DQmTnB4Tvdkh8mjpm8yxJEeUfaiMVCgXK2q8ucmgvmiS5nk/image.png) # Why Chinese Billionaire Bought 10,000 Bitcoin in Q1 In the first quarter of 2018, when the BTC price dropped to the $6,000 for the first time in 2018, Chinese billionaire angel investor Wang Feng purchased 10,000 BTC in the $6,600 region. Along with bitcoin, Feng bought Theta, Ontology (ONT), Cortex (CTXC), ArcBlock (ABT), Zipper (ZIP), YeeCall (YEE), Dxchain (DXC), Charter (CAF). 10,000 BTC, which is worth around $76,000,000, is an amount of bitcoin that is difficult to purchase on cryptocurrency exchanges without significantly driving the price up in the short-term. Feng most likely had purchased $76 million worth of bitcoin in the over-the-counter (OTC) market or directly from miners. A bulk purchase of bitcoin of over $50 million requires significant confidence in both the short-term and long-term price trend of BTC. Feng likely assumed that $6,600, the major support level for bitcoin, would remain as the bottom even for future corrections and bear cycles. > “When asked about the market crash in March, he dismissed it as no big deal. He called it a short-term setback and in fact, said Cryptocurrencies rose very well in the long term,” CCN reported. If the bitcoin price drops below $7,000 and to the higher end of $6,000, the market will likely experience a strong bounce and record a major rally throughout the third quarter of 2018, potentially back to the $10,000 and $12,000 region, as it did in March. Source: www.ccn.com
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      "title": "Cryptocurrency Market Posts Minor Recovery But Bitcoin Downward Trend is Still Strong",
      "body": "![](https://cdn.steemitimages.com/DQmU3U2oiNfgYezJcyoAhP7DTbssBVFpHaGvb5T5M1kp7v4/image.png)\n\nAs CCN reported yesterday, on May 24, the bitcoin price dipped below $7,250 as a massive sell-off from the $7,700 mark intensified. After three consecutive sell-offs within a 24-hour period, the price of bitcoin dropped from $7,900 to $7,250, eventually stabilizing at $7,400.\n\n# Bear Market\nThe cryptocurrency sector is in a short-term bear cycle. In a highly volatile period like this, positive developments and events that would otherwise lead to a significant surge in the valuation of the cryptocurrency market often do not affect the market in a major way.\n\nAs such, in spite of the entrance of financial institutions like the New York Stock Exchange, Goldman Sachs, and JPMorgan, the cryptocurrency market has continued to decline.\n\nBased on the price trend of BTC over the past two months, it is possible that the correction continues to the higher end of the $6,000 region, considering the overly strong downward trend of BTC and other major cryptocurrencies in the global market.\n\nThroughout its recent history, over the past 12 months, bitcoin recorded three major drops. As seen in the 1-day price chart of BTC below, all three correction bounced back on a similar support level at $6,600. When the bitcoin price dropped from $20,000 to the $6,000 region, the bitcoin price rebounded to $12,000 after securing the $6,600 support level.\n\nA similar trend occurred when the price of BTCdropped from $11,000 to $6,400 and so on. It is possible that the BTC price bottoms out in the mid $6,000 region once again and immediately initiate a strong rally back to the $10,000 to $12,000 region.\n\n![](https://cdn.steemitimages.com/DQmTnB4Tvdkh8mjpm8yxJEeUfaiMVCgXK2q8ucmgvmiS5nk/image.png)\n\n# Why Chinese Billionaire Bought 10,000 Bitcoin in Q1\nIn the first quarter of 2018, when the BTC price dropped to the $6,000 for the first time in 2018, Chinese billionaire angel investor Wang Feng purchased 10,000 BTC in the $6,600 region. Along with bitcoin, Feng bought Theta, Ontology (ONT), Cortex (CTXC), ArcBlock (ABT), Zipper (ZIP), YeeCall (YEE), Dxchain (DXC), Charter (CAF).\n\n10,000 BTC, which is worth around $76,000,000, is an amount of bitcoin that is difficult to purchase on cryptocurrency exchanges without significantly driving the price up in the short-term. Feng most likely had purchased $76 million worth of bitcoin in the over-the-counter (OTC) market or directly from miners.\n\nA bulk purchase of bitcoin of over $50 million requires significant confidence in both the short-term and long-term price trend of BTC. Feng likely assumed that $6,600, the major support level for bitcoin, would remain as the bottom even for future corrections and bear cycles.\n\n> “When asked about the market crash in March, he dismissed it as no big deal. He called it a short-term setback and in fact, said Cryptocurrencies rose very well in the long term,” CCN reported.\n\nIf the bitcoin price drops below $7,000 and to the higher end of $6,000, the market will likely experience a strong bounce and record a major rally throughout the third quarter of 2018, potentially back to the $10,000 and $12,000 region, as it did in March.\n\nSource: www.ccn.com",
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2018/05/25 20:25:42
parent authoruccdoc
parent permlinkweekly-legislative-roundup-5-25-by-carly-wolf-norml-political-associate
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body**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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2018/05/25 20:24:42
parent author
parent permlinkpot
authoruccdoc
permlinkweekly-legislative-roundup-5-25-by-carly-wolf-norml-political-associate
titleWeekly Legislative Roundup 5/25 by Carly Wolf, NORML Political Associate
body![](https://cdn.steemitimages.com/DQmVcfP5zsox4d7xUwZ7k8XgBxC6WySTCBV6jg8fZxPRFeN/image.png) Welcome to the latest edition of NORML’s Weekly Legislative Roundup! Federally, Senator Jeff Merkley (D-OR) today became the fourth Senator to cosponsor the Marijuana Justice Act, joining the bill’s author, Senator Cory Booker (D-NJ) and cosponsors Senators Ron Wyden (D-OR), Kirsten Gillibrand (D-NY), Bernie Sanders (I-VT), and Kamala Harris (D-CA). At the state level, NORML PAC announced the endorsement of Jared Polis for Governor of Colorado. The Arizona Supreme Court ruled that a state law banning medical cannabis on college campuses violates the state Constitution. And Nevada retailers sold more than $41 million worth of recreational marijuana in March, a new monthly record. At a more local level, New York City Mayor Bill de Blasio (D) is directing the NYPD to stop arresting people smoking marijuana in public, and is moving to draft a plan to prepare the city for eventual legalization. The Los Angeles County, California Board of Supervisors adopted a resolution supporting state legislation to expunge marijuana convictions, the Bethlehem, Pennsylvania City Council’s Public Safety Committee gave unanimous initial approval to a proposed marijuana decriminalization ordinance, and The Milwaukee County, Wisconsin County Board voted to place an advisory marijuana legalization question on the November ballot. Following are the bills from around the country that we’ve tracked this week and as always, check http://norml.org/act for legislation pending in your state. Don’t forget to sign up for our email list and we will keep you posted as these bills and more move through your home state legislature and at the federal level. Your Highness, Carly # Priority Alerts ## Federal End Prohibition: Representatives Tom Garrett (R-VA) and Tulsi Gabbard (D-HI) have introduced bipartisan legislation, HR 1227, to exclude marijuana from the Controlled Substances Act, thus leaving states the authority to regulate the plant how best they see fit. The “Ending Federal Marijuana Prohibition Act of 2017” eliminates federal criminal penalties for possessing and growing the plant. This legislation gives states the power and flexibility to establish their own marijuana policies free from federal interference. Click here to e-mail your Representative and urge them to support this important legislation ### Minnesota HF 927 and SF 1320 are pending to regulate adult use marijuana possession and provide for retail sales. HF 927 has been awaiting action from the House Health and Human Services Committee since February and so has SF 1320 in the Senate Judiciary Committee. Update: A third measure, HF 4541, was introduced on 5/20 to also regulate adult use marijuana possession and provide for retail sales. MN resident? Click here to email you elected officials in support of regulating adult use marijuana sales ### Commonwealth of the Nothern Mariana Islands SB 20-62 seeks to legalize, tax, and regulate cannabis in the US territory of the Commonwealth of the Northern Mariana Islands. The bill already passed the full Senate earlier this month. Update: The House Committee on Judiciary & Government Operations will hold a hearing on marijuana legalization on 5/29. CMNI resident? Click here to email your elected officials in support of legalization ### Pennsylvania House Bill 928, which was carried over from last year, seeks to reduce minor marijuana possession penalties. The bill amends state law so that first and second marijuana possession offenses (up to 30 grams) are reduced from misdemeanor offenses to a summary offense, punishable by a fine only. Update: Representative Ron Marsico has offered a June vote before the House Judiciary Committee, with hopes of a full House, and then Senate vote by the end of the summer. PA resident? Click here to email your elected officials in support of decriminalization ### California ### Expungement AB 1793 would “allow automatic expungement or reduction of a prior cannabis conviction for an act that is not a crime as of January 1, 2017, or for a crime that as of that date subject to a lesser sentence. Update: The Assembly’s Appropriations Committee is holding a hearing on AB 1793 on 5/25 at 9am. CA resident? Click here to email your elected officials in support of expunging past records ### Employment Protections AB 2069 would explicitly bar employers from discriminating against workers solely because of their status as a medical cannabis patient, or due to testing positive for medical marijuana use on a workplace drug test. Update: AB 2069 is scheduled for a vote in Assembly Appropriations Committee on Friday, May 25. The bill must pass the full Assembly floor by June 1. CA resident? Click here to email your elected officials in support of employment protections for patients ### New York ### Record Sealing A. 2142 and S. 3809 would seal the records of those who have previously been convicted of certain marijuana misdemeanors. New York has historically had one of the highest marijuana arrest rates in the nation largely because of arrests made under the public view and public smoking exceptions to New York’s decriminalization of possession of small amounts of marijuana. NY resident? Click here to email your elected officials in support of sealing past records ### Medical S 8191 has been introduced in the State Senate to explicitly permit children and developmentally disabled individuals with serious conditions for which medical marijuana has been recommended to have their medicine administered at schools and other facilities, and require school districts and facilities to create policies for medical marijuana administration. NY resident? Click here to email your elected officials in support of allowing medical marijuana in schools ### Opioids A. 9016 and S. 7564 would permit physicians to recommend cannabis therapy to those struggling with opioid abuse or dependence. Both bills have been stagnant in their respective chambers since January. Update: A third measure, S. 8820, was introduced on 5/22, to include opioid use as a condition that permits the use of medical cannabis. NY resident? Click here to email your elected officials in support of adding opioid use to the qualifying conditions list ### Illinois SB 336 would permit physicians to recommend cannabis therapy as an alternative to opioid treatment. It was already approved by the Senate last month. Update: The House Executive committee voted 8-3 to approve SB 336 on 5/24. IL resident? Click here to email your elected officials in support of cannabis as an alternative to opioids ### New Jersey A3971 was recently introduced and would establish reciprocity with other states’ medical marijuana program.The measure would allow for out-of-state medical marijuana cardholders to access medical cannabis while visiting New Jersey, in accordance with state law. NJ resident? Click here to email your elected officials in support of reciprocity ## Additional Actions to Take ### Illinois Senate Bill 2298 provides for the ability for individuals to cultivate hemp with a state license even if they are not part of the state’s Agriculture Department pilot program. That program only permits hemp cultivation as part of a state-sponsored research program. The bill was already approved by the full Senate last month. Update: SB 2298 was approved by the House on 5/23. It will now go back to the Senate for concurrence. IL resident? Click here to email your elected officials in support of hemp law expansion ### New York Legislation to legalize the medicinal use of marijuana for dogs, cats and other pets in New York State is pending in the Senate (S. 8772) and Assembly (A. 10104) Health Committees. The bill would allow veterinarians to recommend medical marijuana for our pets. Most non-human animals have an endocannabinoid system like we do, which means they can also benefit from the therapeutic effects of marijuana. NY resident? Click here to email your elected officials in support of medical marijuana for our furry friends ### California AB 3157 would temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. Update: AB 3157 was supposed to be heard by the Assembly Appropriations Committee on 5/16, but the hearing was postponed until 5/25 at 9am. CA resident? Click here to email your elected officials in support of lowering taxes For all links please go to Source of this article : http://blog.norml.org/2018/05/25/weekly-legislative-roundup-5-25/
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      "title": "Weekly Legislative Roundup 5/25 by Carly Wolf, NORML Political Associate",
      "body": "![](https://cdn.steemitimages.com/DQmVcfP5zsox4d7xUwZ7k8XgBxC6WySTCBV6jg8fZxPRFeN/image.png)\n\nWelcome to the latest edition of NORML’s Weekly Legislative Roundup!\n\nFederally, Senator Jeff Merkley (D-OR) today became the fourth Senator to cosponsor the Marijuana Justice Act, joining the bill’s author, Senator Cory Booker (D-NJ) and cosponsors Senators Ron Wyden (D-OR), Kirsten Gillibrand (D-NY), Bernie Sanders (I-VT), and Kamala Harris (D-CA).\n\nAt the state level, NORML PAC announced the endorsement of Jared Polis for Governor of Colorado. The Arizona Supreme Court ruled that a state law banning medical cannabis on college campuses violates the state Constitution. And Nevada retailers sold more than $41 million worth of recreational marijuana in March, a new monthly record.\n\nAt a more local level, New York City Mayor Bill de Blasio (D) is directing the NYPD to stop arresting people smoking marijuana in public, and is moving to draft a plan to prepare the city for eventual legalization. The Los Angeles County, California Board of Supervisors adopted a resolution supporting state legislation to expunge marijuana convictions, the Bethlehem, Pennsylvania City Council’s Public Safety Committee gave unanimous initial approval to a proposed marijuana decriminalization ordinance, and The Milwaukee County, Wisconsin County Board voted to place an advisory marijuana legalization question on the November ballot.\n\nFollowing are the bills from around the country that we’ve tracked this week and as always, check http://norml.org/act for legislation pending in your state.\n\nDon’t forget to sign up for our email list and we will keep you posted as these bills and more move through your home state legislature and at the federal level.\n\nYour Highness,\nCarly\n\n\n# Priority Alerts\n\n## Federal\n\nEnd Prohibition: Representatives Tom Garrett (R-VA) and Tulsi Gabbard (D-HI) have introduced bipartisan legislation, HR 1227, to exclude marijuana from the Controlled Substances Act, thus leaving states the authority to regulate the plant how best they see fit.\n\nThe “Ending Federal Marijuana Prohibition Act of 2017” eliminates federal criminal penalties for possessing and growing the plant. This legislation gives states the power and flexibility to establish their own marijuana policies free from federal interference.\n\nClick here to e-mail your Representative and urge them to support this important legislation\n\n### Minnesota\n\nHF 927 and SF 1320 are pending to regulate adult use marijuana possession and provide for retail sales. HF 927 has been awaiting action from the House Health and Human Services Committee since February and so has SF 1320 in the Senate Judiciary Committee.\n\nUpdate: A third measure, HF 4541, was introduced on 5/20 to also regulate adult use marijuana possession and provide for retail sales.\n\nMN resident? Click here to email you elected officials in support of regulating adult use marijuana sales\n\n### Commonwealth of the Nothern Mariana Islands\n\nSB 20-62 seeks to legalize, tax, and regulate cannabis in the US territory of the Commonwealth of the Northern Mariana Islands. The bill already passed the full Senate earlier this month.\n\nUpdate: The House Committee on Judiciary & Government Operations will hold a hearing on marijuana legalization on 5/29.\n\nCMNI resident? Click here to email your elected officials in support of legalization\n\n### Pennsylvania\n\nHouse Bill 928, which was carried over from last year, seeks to reduce minor marijuana possession penalties. The bill amends state law so that first and second marijuana possession offenses (up to 30 grams) are reduced from misdemeanor offenses to a summary offense, punishable by a fine only.\n\nUpdate: Representative Ron Marsico has offered a June vote before the House Judiciary Committee, with hopes of a full House, and then Senate vote by the end of the summer.\n\nPA resident? Click here to email your elected officials in support of decriminalization\n\n### California\n\n### Expungement\nAB 1793 would “allow automatic expungement or reduction of a prior cannabis conviction for an act that is not a crime as of January 1, 2017, or for a crime that as of that date subject to a lesser sentence.\n\nUpdate: The Assembly’s Appropriations Committee is holding a hearing on AB 1793 on 5/25 at 9am.\n\nCA resident? Click here to email your elected officials in support of expunging past records\n\n### Employment Protections\nAB 2069 would explicitly bar employers from discriminating against workers solely because of their status as a medical cannabis patient, or due to testing positive for medical marijuana use on a workplace drug test.\n\nUpdate: AB 2069 is scheduled for a vote in Assembly Appropriations Committee on Friday, May 25. The bill must pass the full Assembly floor by June 1.\n\nCA resident? Click here to email your elected officials in support of employment protections for patients\n\n### New York\n\n### Record Sealing\nA. 2142 and S. 3809 would seal the records of those who have previously been convicted of certain marijuana misdemeanors.\n\nNew York has historically had one of the highest marijuana arrest rates in the nation largely because of arrests made under the public view and public smoking exceptions to New York’s decriminalization of possession of small amounts of marijuana.\n\nNY resident? Click here to email your elected officials in support of sealing past records\n\n### Medical\nS 8191 has been introduced in the State Senate to explicitly permit children and developmentally disabled individuals with serious conditions for which medical marijuana has been recommended to have their medicine administered at schools and other facilities, and require school districts and facilities to create policies for medical marijuana administration.\n\nNY resident? Click here to email your elected officials in support of allowing medical marijuana in schools\n\n### Opioids\nA. 9016 and S. 7564 would permit physicians to recommend cannabis therapy to those struggling with opioid abuse or dependence. Both bills have been stagnant in their respective chambers since January.\n\nUpdate: A third measure, S. 8820, was introduced on 5/22, to include opioid use as a condition that permits the use of medical cannabis.\n\nNY resident? Click here to email your elected officials in support of adding opioid use to the qualifying conditions list\n\n### Illinois\n\nSB 336 would permit physicians to recommend cannabis therapy as an alternative to opioid treatment. It was already approved by the Senate last month.\n\nUpdate: The House Executive committee voted 8-3 to approve SB 336 on 5/24.\n\nIL resident? Click here to email your elected officials in support of cannabis as an alternative to opioids\n\n### New Jersey\n\nA3971 was recently introduced and would establish reciprocity with other states’ medical marijuana program.The measure would allow for out-of-state medical marijuana cardholders to access medical cannabis while visiting New Jersey, in accordance with state law.\n\nNJ resident? Click here to email your elected officials in support of reciprocity\n\n \n\n## Additional Actions to Take\n\n### Illinois\n\nSenate Bill 2298 provides for the ability for individuals to cultivate hemp with a state license even if they are not part of the state’s Agriculture Department pilot program. That program only permits hemp cultivation as part of a state-sponsored research program. The bill was already approved by the full Senate last month.\n\nUpdate: SB 2298 was approved by the House on 5/23. It will now go back to the Senate for concurrence.\n\nIL resident? Click here to email your elected officials in support of hemp law expansion\n\n### New York\n\nLegislation to legalize the medicinal use of marijuana for dogs, cats and other pets in New York State is pending in the Senate (S. 8772) and Assembly (A. 10104) Health Committees. The bill would allow veterinarians to recommend medical marijuana for our pets. Most non-human animals have an endocannabinoid system like we do, which means they can also benefit from the therapeutic effects of marijuana.\n\nNY resident? Click here to email your elected officials in support of medical marijuana for our furry friends\n\n### California\n\nAB 3157 would temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis.\n\nUpdate: AB 3157 was supposed to be heard by the Assembly Appropriations Committee on 5/16, but the hearing was postponed until 5/25 at 9am.\n\nCA resident? Click here to email your elected officials in support of lowering taxes\n\nFor all links please go to Source of this article : http://blog.norml.org/2018/05/25/weekly-legislative-roundup-5-25/",
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2018/05/22 16:38:09
authoruccdoc
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2018/05/22 16:25:06
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scottcbusinesssent 0.001 SBD to @uccdoc- "Hey @uccdoc! I really appreciate your support and now that I am officially running as a witness, I wanted to share this with you and officially announce it. Thanks you so much :)"
2018/05/17 09:23:33
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2018/05/16 18:58:36
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2018/05/16 16:22:24
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bodyResteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
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2018/05/15 17:04:42
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2018/05/15 16:39:09
parent authoruccdoc
parent permlinkbitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-iota-eos-price-analysis-may-15
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permlinkcheetah-re-uccdocbitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-iota-eos-price-analysis-may-15
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: http://cryptocoinjunky.com/price-analysis-may-15-bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-iota-eos/
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2018/05/15 16:39:03
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body**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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2018/05/15 16:39:03
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2018/05/15 16:38:57
votermodemser
authoruccdoc
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2018/05/15 16:38:09
parent author
parent permlinkbitcoin
authoruccdoc
permlinkbitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-iota-eos-price-analysis-may-15
titleBitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 15
body![](https://steemitimages.com/DQmPzCcjSnzGuv4qAs9ezrnse7hwFZ5FtYbiWRiNysrYJka/image.png) The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. After listing Bitcoin futures in December of last year, CME launched two indexes tracking Ethereum on Monday. Though the company has denied plans of adding another new product, speculation is rife that Ethereum futures may be added in the future. Ethereum futures will offer the institutional players an opportunity to diversify their trading into the top two cryptocurrencies by market capitalization. Software developer Kx Systems has also launched cryptocurrency trading on its while label forex trading platform. The software supplier serves a few investment banks and hedge funds. Nasdaq is also not to be left behind. It is providing the technology to the new centralized crypto exchange, DX, which will offer trading in the market’s top six cryptocurrencies. The stage is being set for the institutional players to take the plunge. So, should the retail investors buy and hodl? We believe that the large players might first push prices down, accumulate at lower levels and then boost prices. Hence, retail investors should stagger their purchases instead of buying all at once. Let’s see if we find any buy setups on the charts. # BTC/USD For the past three days, Bitcoin has been taking support at the 50-day SMA. The bulls will strongly defend the support zone between $7,900 to $8,400 because if this cracks, a fall to $7,000 will be on the cards. If the support zone holds, the cryptocurrency will stay range bound between $7,900-$10,000. ![](https://steemitimages.com/DQmd2gzK8qKjFAu6XNmZf55prshTwhry3BRDMhvudu2u2b2/image.png) The 50-day SMA has been flat for the past few days while the 20-day EMA has become flat in the past week. This shows that the BTC/USD pair will soon enter a period of consolidation. The resistance of the range is well established at $10,000, but the supports are still unclear. It will either be $7,900 or $6,700. Hence, we suggest waiting for a couple of days before clarity emerges. # ETH/USD The dip in Ethereum below the 20-day EMA was aggressively purchased on May 14, resulting in a move back to the overhead resistance of $745. ![](https://steemitimages.com/DQmYnTefUPR6FDcov5RUq1nbEhsf9Gh43NmFqKsaDgD1Qsf/image.png) Currently, the ETH/USD pair is looking strong as it is holding above the $700 levels. This increases the possibility of a break out of $745 levels once again. Aggressive traders can take a very short-term long position above $750 with a close stop loss. The target is $838, but this is a very risky trade, hence, should be attempted with only about 30 percent of the usual position size. On the downside, the critical support levels are $637, $600 and the 50-day SMA at $570. # BCH/USD Bitcoin Cash bounced back sharply from the lows on May 12, but it is struggling to sustain above the 20-day EMA and break out of the small downtrend line. ![](https://steemitimages.com/DQmZ5fTiDAaSihDJnXDVUjQDDkdunTRBxCxH3WakVxT1rDy/image.png) The BCH/USD pair may form a very short-term head and shoulders pattern, which will complete on a breakdown and close below $1,270 levels. This bearish pattern has a target of $650, but it is unlikely to be a straight fall because the digital currency has strong support at $1,221, then at the 50-day SMA at $1,100 and finally at $800. If the neckline of the H&S pattern doesn’t break down and prices break above $1,520 levels, Bitcoin Cash can rally back to $1,800 levels. Traders should wait for prices to break and close (UTC) above the downtrend line before buying. # XRP/USD Ripple broke below the 50-day SMA on May 11 but found strong buying support at $0.632 levels on May 12. Currently, it has climbed back above the 50-day SMA. ![](https://steemitimages.com/DQmY3KNPDtwYaktd4Ru6quLQCG1HPWVyNCos7cACMyr6yjz/image.png) On the upside, it will face a strong resistance at $0.76, which was previously the support of the range. The 20-day EMA is just above this level, which will also act as a resistance. If both these levels are crossed, the XRP/USD pair will become positive, and the probability of a rally to $0.9377 levels increase. If the bulls fail to scale above the overhead resistance, the cryptocurrency can slide to $0.56-$0.58 levels. # XLM/USD Stellar bounced off the 50-day SMA on May 12, but the pullback is facing resistance at the 20-day EMA. If the bulls break above the 20-day EMA, a rally to $0.45 levels is possible. ![](https://steemitimages.com/DQmQWRChmBxZuZjJxoNqLc2Puu3nvcNEaY7ifFGwJbQFkqy/image.png) If the XLM/USD pair turns down from the moving average but takes support at the $0.334 levels, it will be a positive sign and we can expect a break out of the 20-day EMA within a couple of days. However, a break below the 50-day SMA will increase the possibility of a head and shoulders pattern, which can sink the digital currency to the $0.20 levels. Therefore, traders should wait for buying to emerge before establishing long positions. # LTC/USD Litecoin broke below the 50-day SMA and the horizontal support on May 11 but quickly rebounded from the lows on May 12. Currently, the bulls are trying to sustain above the $141 levels, which is a positive sign. ![](https://steemitimages.com/DQmfPJQGroeATKtnBmdmBVTgK9rqGYqZ9f9TSQspKDEcGny/image.png) Any up move in the LTC/USD pair will face resistance between $167 and $173 levels. The 50-day SMA has still not turned up and the 20-day EMA is also turning down. Hence, we don’t anticipate a break out above the downtrend line. On the downside, a break below the $132.163 level opens up a downside target of $115. As we don’t find any buy setups, we are not recommending any trade on it. # ADA/BTC Cardano plunged below our second stop loss on May 12 but took support at the 50-day SMA and the trendline. The ensuing up move is facing resistance close to the 20-day EMA. Currently, prices are again sliding towards the trendline support. ![](https://steemitimages.com/DQma5qXY2eKsKDfGPzbFrpWyXxe55o85tACr8nincof58LJ/image.png) If the ADA/BTC pair breaks the trendline support, it can decline to 0.000025 levels, which is a strong support. On the other hand, if the trendline holds, Cardano will again try to scale above the 0.00003445 levels. There are no reliable buy setups, hence, we are not proposing any trade on it. # IOTA/USD IOTA is currently sandwiched between the 20-day EMA and the 50-day SMA. The bulls are defending the horizontal support at $1.63 while the bears are defending the 20-day EMA. ![](https://steemitimages.com/DQmaYysAQnp81QP1gN1FWDPaxxKrR5jWrFHK8TW3edSiAed/image.png) If the IOTA/USD pair climbs above the 20-day EMA and the overhead resistance at $2.2117, it will become positive. Though there is a minor resistance at $2.6977, we believe that it will be crossed if the digital currency closes (UTC) above $2.2117. We should wait for the breakout before suggesting any long position. # EOS/USD On May 12, EOS bounced off the 61.8 percent Fibonacci retracement and the bottom trendline of the descending channel. For the past three days, it has been facing resistance at the $15.1390 levels. ![](https://steemitimages.com/DQmeSMHWCbwG9WKwCDfCqCNMvPWT13NJsmprgcGWHvRsqor/image.png) On the upside, the EOS/USD pair will face resistance at the 20-day EMA and the top trendline of the descending channel. A breakout and close (UTC) of the channel will be a bullish sign and can be purchased by keeping a stop loss below the May 12 lows. If the price fails to rally above the overhead resistance it can again decline to the 50-day SMA. A sustained move below $12.4810 will weaken the digital currency. source: cointelegraph.com by Rakesh Upadhyay ![animated_resteem.gif](https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/animated_resteem.gif)
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Transaction InfoBlock #22456671/Trx 85179b1815745f60401297896dfb96abdf919d5c
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      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "uccdoc",
      "permlink": "bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-iota-eos-price-analysis-may-15",
      "title": "Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 15",
      "body": "![](https://steemitimages.com/DQmPzCcjSnzGuv4qAs9ezrnse7hwFZ5FtYbiWRiNysrYJka/image.png)\n\nThe views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n\nThe market data is provided by the HitBTC exchange.\n\nAfter listing Bitcoin futures in December of last year, CME launched two indexes tracking Ethereum on Monday. Though the company has denied plans of adding another new product, speculation is rife that Ethereum futures may be added in the future.\n\nEthereum futures will offer the institutional players an opportunity to diversify their trading into the top two cryptocurrencies by market capitalization.\n\nSoftware developer Kx Systems has also launched cryptocurrency trading on its while label forex trading platform. The software supplier serves a few investment banks and hedge funds. Nasdaq is also not to be left behind. It is providing the technology to the new centralized crypto exchange, DX, which will offer trading in the market’s top six cryptocurrencies.\n\nThe stage is being set for the institutional players to take the plunge. So, should the retail investors buy and hodl? We believe that the large players might first push prices down, accumulate at lower levels and then boost prices. Hence, retail investors should stagger their purchases instead of buying all at once.\n\nLet’s see if we find any buy setups on the charts.    \n\n# BTC/USD\nFor the past three days, Bitcoin has been taking support at the 50-day SMA. The bulls will strongly defend the support zone between $7,900 to $8,400 because if this cracks, a fall to $7,000 will be on the cards.\n\nIf the support zone holds, the cryptocurrency will stay range bound between $7,900-$10,000.\n\n![](https://steemitimages.com/DQmd2gzK8qKjFAu6XNmZf55prshTwhry3BRDMhvudu2u2b2/image.png)\n\nThe 50-day SMA has been flat for the past few days while the 20-day EMA has become flat in the past week. This shows that the BTC/USD pair will soon enter a period of consolidation.\n\nThe resistance of the range is well established at $10,000, but the supports are still unclear. It will either be $7,900 or $6,700.\n\nHence, we suggest waiting for a couple of days before clarity emerges.\n\n# ETH/USD\nThe dip in Ethereum below the 20-day EMA was aggressively purchased on May 14, resulting in a move back to the overhead resistance of $745.\n\n![](https://steemitimages.com/DQmYnTefUPR6FDcov5RUq1nbEhsf9Gh43NmFqKsaDgD1Qsf/image.png)\n\nCurrently, the ETH/USD pair is looking strong as it is holding above the $700 levels. This increases the possibility of a break out of $745 levels once again.\n\nAggressive traders can take a very short-term long position above $750 with a close stop loss. The target is $838, but this is a very risky trade, hence, should be attempted with only about 30 percent of the usual position size.\n\nOn the downside, the critical support levels are $637, $600 and the 50-day SMA at $570.\n\n# BCH/USD\n\nBitcoin Cash bounced back sharply from the lows on May 12, but it is struggling to sustain above the 20-day EMA and break out of the small downtrend line.\n\n![](https://steemitimages.com/DQmZ5fTiDAaSihDJnXDVUjQDDkdunTRBxCxH3WakVxT1rDy/image.png)\n\nThe BCH/USD pair may form a very short-term head and shoulders pattern, which will complete on a breakdown and close below $1,270 levels. This bearish pattern has a target of $650, but it is unlikely to be a straight fall because the digital currency has strong support at $1,221, then at the 50-day SMA at $1,100 and finally at $800.\n\nIf the neckline of the H&S pattern doesn’t break down and prices break above $1,520 levels, Bitcoin Cash can rally back to $1,800 levels. Traders should wait for prices to break and close (UTC) above the downtrend line before buying.\n\n# XRP/USD\nRipple broke below the 50-day SMA on May 11 but found strong buying support at $0.632 levels on May 12. Currently, it has climbed back above the 50-day SMA.\n\n![](https://steemitimages.com/DQmY3KNPDtwYaktd4Ru6quLQCG1HPWVyNCos7cACMyr6yjz/image.png)\n\nOn the upside, it will face a strong resistance at $0.76, which was previously the support of the range. The 20-day EMA is just above this level, which will also act as a resistance.\n\nIf both these levels are crossed, the XRP/USD pair will become positive, and the probability of a rally to $0.9377 levels increase.\n\nIf the bulls fail to scale above the overhead resistance, the cryptocurrency can slide to $0.56-$0.58 levels.\n\n# XLM/USD\nStellar bounced off the 50-day SMA on May 12, but the pullback is facing resistance at the 20-day EMA. If the bulls break above the 20-day EMA, a rally to $0.45 levels is possible.\n\n![](https://steemitimages.com/DQmQWRChmBxZuZjJxoNqLc2Puu3nvcNEaY7ifFGwJbQFkqy/image.png)\n\nIf the XLM/USD pair turns down from the moving average but takes support at the $0.334 levels, it will be a positive sign and we can expect a break out of the 20-day EMA within a couple of days.\n\nHowever, a break below the 50-day SMA will increase the possibility of a head and shoulders pattern, which can sink the digital currency to the $0.20 levels. Therefore, traders should wait for buying to emerge before establishing long positions.\n\n# LTC/USD\n\nLitecoin broke below the 50-day SMA and the horizontal support on May 11 but quickly rebounded from the lows on May 12. Currently, the bulls are trying to sustain above the $141 levels, which is a positive sign.  \n\n![](https://steemitimages.com/DQmfPJQGroeATKtnBmdmBVTgK9rqGYqZ9f9TSQspKDEcGny/image.png)\n\nAny up move in the LTC/USD pair will face resistance between $167 and $173 levels. The 50-day SMA has still not turned up and the 20-day EMA is also turning down. Hence, we don’t anticipate a break out above the downtrend line.\n\nOn the downside, a break below the $132.163 level opens up a downside target of $115. As we don’t find any buy setups, we are not recommending any trade on it.\n\n# ADA/BTC\nCardano plunged below our second stop loss on May 12 but took support at the 50-day SMA and the trendline. The ensuing up move is facing resistance close to the 20-day EMA. Currently, prices are again sliding towards the trendline support.\n\n![](https://steemitimages.com/DQma5qXY2eKsKDfGPzbFrpWyXxe55o85tACr8nincof58LJ/image.png)\n\nIf the ADA/BTC pair breaks the trendline support, it can decline to 0.000025 levels, which is a strong support. On the other hand, if the trendline holds, Cardano will again try to scale above the 0.00003445 levels.\n\nThere are no reliable buy setups, hence, we are not proposing any trade on it.  \n\n# IOTA/USD\nIOTA is currently sandwiched between the 20-day EMA and the 50-day SMA. The bulls are defending the horizontal support at $1.63 while the bears are defending the 20-day EMA.   \n\n![](https://steemitimages.com/DQmaYysAQnp81QP1gN1FWDPaxxKrR5jWrFHK8TW3edSiAed/image.png)\n\nIf the IOTA/USD pair climbs above the 20-day EMA and the overhead resistance at $2.2117, it will become positive.\n\nThough there is a minor resistance at $2.6977, we believe that it will be crossed if the digital currency closes (UTC) above $2.2117.\n\nWe should wait for the breakout before suggesting any long position.\n\n# EOS/USD\n\nOn May 12, EOS bounced off the 61.8 percent Fibonacci retracement and the bottom trendline of the descending channel. For the past three days, it has been facing resistance at the $15.1390 levels.\n\n![](https://steemitimages.com/DQmeSMHWCbwG9WKwCDfCqCNMvPWT13NJsmprgcGWHvRsqor/image.png)\n\nOn the upside, the EOS/USD pair will face resistance at the 20-day EMA and the top trendline of the descending channel. A breakout and close (UTC) of the channel will be a bullish sign and can be purchased by keeping a stop loss below the May 12 lows.\n\nIf the price fails to rally above the overhead resistance it can again decline to the 50-day SMA. A sustained move below $12.4810 will weaken the digital currency.\n\nsource: cointelegraph.com by Rakesh Upadhyay\n\n![animated_resteem.gif](https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/animated_resteem.gif)",
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2018/05/15 16:26:06
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body**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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2018/05/15 16:25:48
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2018/05/15 16:25:21
parent authoruccdoc
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bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://cointelegraph.com/news/first-crypto-exchange-using-nasdaqs-tech-announces-launch-excluding-us-customers
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  "memo": "STM4zYaiBGFPu8MuEDzejmmHcgkTAeZpnxtP2vntd2gv8jiJuXmuE"
}

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