Reasons To Prefer Slot Games Even When You Are Losing

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Oh what a wonderful world the slot machine industry is, full of technological evolution and the all-important impetus to make the games like from Slots Racer as exciting as possible. Not only this, but thousands of people end up winning regular prizes of at least a few thousand pounds every single day – something you really cannot fault at all.

Aside from the money, however, there are several reasons why so many people enjoy spinning the reels of fate these days. Due to the competitiveness of the online slot market developers are now keener than ever to make their games as attractive as possible, something that has made the online slot experience really quite incredible – even when you are losing! Read ahead for a few reasons to prefer slots even when you are on a losing streak. 

Won’t Take Long To Bounce Back 

The first thing to mention is that, no matter how long a losing streak, in the online slots world it will never take too long to bounce back and get back on a winning spree. This is because it is now easier than ever to win some cash, with an incredible amount of bonus features designed to make wins as common as possible. 

It all makes for a losing streak on slots to be so much nicer than on a table game like Roulette or Blackjack. The odds of a win are much better on slots, so it will naturally be easier to pull yourself through a losing streak – just don’t get carried away! 

Scintillating Graphics In 2019 

The level of online slot graphics in 2019 is frankly outrageous, another reason why a losing streak doesn’t have to be the worst thing whilst playing these games. Developers have really cracked the magic code when it comes to slot aesthetics these days, churning out titles that can genuinely rival the graphics of some Playstation or Xbox games. 

And there’s no exaggeration there, just check out games like Centurion by Inspired Gaming, a slot with particularly clear graphics. The bonus games present here are also immaculately presented, meaning you have a great deal of fun on them even if you find yourself losing all the time. 

Intriguing Narratives 

One of the main ways that online slots changed the way the slot industry made games was with the introduction of bona fide narratives, something that makes the whole experience a lot more gripping. Take Immortal Romance by Microgaming, for instance, in this game you must navigate your way through the story concerning a vampiric love triangle in order to reach the final bonus. 

Hilarious Themes 

What is one of the best remedies when you are down in the dumps? Why, it’s a comedy, of course, something that the online slots industry truly excels at. You could be losing every single spin whilst playing something like The Codfather by NetEnt, but you’ll still be laughing heartily just because of the outrageous underwater monster theme. 

Image by OpenClipart-Vectors from Pixabay

Advice for Responsible Slot Gambling From an ex Addict

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Thanks to a combination of improved gameplay and their availability on remote devices, the slots you can play at Slotzo.com have never been so popular. But the number of problem gamblers has also been steadily rising. So, with the help of an ex gambling addict, we’ve come up with this guide to promote responsible slot gambling.

Set Deposit Limits  

Never play slots without financial plans in place as doing so not only increases your chances of losing more than you can afford, it can also put you on the fast track to slot addiction.

Therefore, before each slot session, devise a budget (e.g., £10 for the whole session) and once this runs out, stop playing immediately. But you can’t just focus on losses; set a ceiling for winnings (e.g., double your deposit), too, because you need to know when to cash in.

Nowadays, most online casinos have loss, deposit and wagering limit services, so take advantage of these and if you experience any difficulties sticking to financial plans when playing slots, seek help immediately.

Set Time Limits

Money shouldn’t be your only concern when playing slots, though; you need to set time limits, too. Spending too much time on slots can cost you your job, cause problems with your family and be detrimental to your health.

Therefore, you should monitor your slots usage carefully and avail of protection measures such as Reality Checks (which send you warnings about your time spent gambling).

Never Mix Slots and Alcohol

Did you ever wonder why some land-based casinos like to lavish you with free drinks? Well, moderate alcohol consumption relaxes us and can make us feel more comfortable. However, alcohol can also impair judgment and lead us to throw our money away. So, when playing slots, avoid it completely.

Conduct Self Assessment Tests

All slot players should conduct self-assessment tests regularly. But what exactly are these? Self-assessment tests are exams that check to see if you’re a problem gambler. And all you have to do in these tests is answer a series of questions about your slots usage.

Since most people play slots on their smartphones these days, it can be hard for others to monitor our slots usage. But self-assessment tests help us do this and inform us when we aren’t gambling responsibly. Thus, take these tests repeatedly.

Obtain a Self-Exclusion Order if Necessary

Another invaluable tool for problem gamblers is a self-exclusion order. Basically, this allows you to self-exclude yourself from most licensed casinos in the UK for a certain time period (e.g., 6 months or 1 year).

Final Thoughts

Abiding by our five tips will ensure that you gamble responsibly. But if you or anyone you know has trouble following these guidelines, contact one of the organizations listed below.

Image by Free-Photos from Pixabay

When You Should Stop Playing Bingo

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Since its inception in the late 1800s, Bingo has enjoyed a remarkable rise to popularity, being a game that is played in both casinos, care homes and even schools. Unlike some popular gambling games, it also has a great deal of genuinely positive cultural value too, bringing people together in places like care homes, and giving valuable basic mathematical education to kids in school. 

But like all games at Umbingo that originate from gambling Bingo is also something that can be incredibly difficult to stop doing once you get properly into it. It is, therefore, crucial to be able to identify signs that you should stop playing Bingo as early as possible so you can take the necessary steps. Read ahead for a few times where you should really try to stop playing Bingo quite as much. 

Are Your Finances Taking A Hit? 

The first thing to consider if you are worried about playing too much Bingo is simply whether or not it is having an adverse effect on your finances because this is something that can be incredibly hard to come back from. You really do not want to be playing Bingo if it is evidently putting you in a worsening financial position; it just really isn’t worth it. 

Many people will argue here that it is always possible to win back your losses at some point, but this is an incredibly dangerous way to think, believe us. A good thing to do is set a very strict Bingo budget and not to deviate from it – once its gone, its gone. 

Are You Losing Track Of Friends Or Family? 

A lack of money can have more immediate real-life consequences, but something many gambling addicts forget about until it is too late is the importance of having genuine contact with friends and family. All too often someone in the clutches of a serious Bingo addiction will have no exterior contact from anyone for weeks on end as they continue to gamble intensely. 

Complex and longstanding relationships can be severed in this way, and you just really have to ask yourself, is it all worth it for a simple bit of Bingo? You know when you should stop playing Bingo if you haven’t seen someone like a sibling or best friend in months. 

Do You Enjoy Doing Anything Else Other Than Playing Bingo? 

Another thing that is critical to understanding when to stop playing Bingo is making sure you actually have other hobbies and things you like doing. If you all you like doing is partaking in a spot of Bingo you will have nothing to do when you stop, and this just means you will probably never stop. 

Many serious yet responsible gamblers also love to play sport as it is something that can give them the same sense of adrenaline at times. 

Are You Addicted? 

All of the above things are commonplace within problem gamblers, and the first stage to recovery is often just noticing these traits within yourself. Look firmly in the mirror and ask yourself – am I actually addicted? If the answer is yes, you know you have to stop. 

Image by Samuele Schirò from Pixabay

DDEX Exchange Review

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Is this decentralized exchange for Ethereum ERC20 tokens the right platform for you? Read our DDEX Exchange Review to find out

Decentralized exchanges, which offer peer-to-peer crypto trading and key security benefits, are currently experiencing a rise in popularity. DDEX is a decentralized exchange for Ethereum-based ERC20 tokens where users can buy and sell more than 70 digital currencies without having to part with any personal information.

To help you decide whether DDEX is the right exchange for your crypto trading needs, we’ve compiled this comprehensive review of the features it has to offer.

DDEX Exchange Review

Product Name DDEX Cryptocurrency Exchange
Fiat Currencies
Cryptocurrencies EOS, XYO, NPXS, HOT, CNN, ZRX, KIN, NCT, BAX, ZCO, NBAI, POLY, POE, TFD, REN, LBA, TOMO, LND, REQ, IOST, ORI, & 20+ more
Deposit Methods Cryptocurrency
Trading Fee 0.1%
Deposit Fees None
Withdrawal Fees None

Pros & Cons

PROS

  • Security benefits offered by decentralization
  • Quick and easy to start trading
  • No need to share your name, address or personal details
  • Supports the Ledger Nano S hardware wallet
  • Competitive trading fees and no deposit or withdrawal fees
  • Supports more than 70 different tokens

CONS

  • User interface is not suitable for beginners
  • Limited liquidity
  • Only offers ERC20 tokens and they can only be traded against ETH
  • As it’s built on Ethereum, network congestion on Ethereum could slow DDEX down
  • Mobile trading app not yet available at the time of writing

This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is DDEX?

DDEX is a decentralized exchange for ERC20 tokens. A decentralized application (dapp) on the Ethereum network, it uses Hydro Protocol technology to offer instant order matching and on-chain settlement of transactions.

Through the use of Ethereum’s smart contracts and the 0x Protocol, DDEX users can trade through the platform simply by linking their wallet. This means you can trade wallet-to-wallet and that there’s no need to trust any third party with deposited funds.

Which cryptocurrencies can I buy/sell?

DDEX lists more than 70 ERC20 tokens in trading pairs alongside ether (ETH). Supported currencies include:

  • PolicyPal Network (PAL)
  • Rate3 (RTE)
  • XMax (XMX)
  • Devery (EVE)
  • TRON (TRX)
  • Nexo (NEXO)
  • Metronome (MET)
  • Dai (DAI)
  • Polymath (POLY)
  • XYO Network (XYO)
  • Hydro Protocol (HOT)
  • 0x (ZRX)
  • Decentraland (MANA)
  • Theta Token (THETA)
  • Aelf (ELF)
  • Credits (CS)
  • Rentberry (BERRY)
  • Cortex (CTXC)
  • Sentinel Protocol (UPP)
  • QuarkChain (QKC)
  • OmiseGO (OMG)
  • QuantStamp (QSP)
  • Request Network (REQ)
  • IOStoken (IOST)
  • Raiden Network Token (RDN)

Visit the DDEX website for a full list.

DDEX Exchange Review Platform Screenshot
Screenshot from the DDEX Exchange Platform

Available countries

DDEX is a global exchange that offers its services to users around the world, including the US.

Which payment methods are accepted?

As DDEX allows wallet-to-wallet trading, you never have to deposit any funds into an account you hold with the exchange.

However, it’s worth pointing out that DDEX only supports crypto-to-crypto trading and doesn’t allow you to buy digital coins and tokens with fiat currency.

How much will it cost me to use DDEX?

DDEX doesn’t charge any deposit or withdrawal fees, but keep in mind that you’ll need to pay for gas to power your transactions on the Ethereum network.

A flat 0.1% fee applies to all trades placed through DDEX.

How fast will my funds be available?

As you retain control of your funds, there’s no need to consider deposit and withdrawal times when using DDEX.

Are there any transfer limits?

No. DDEX does not list any transfer limits.

Is it safe to use DDEX?

As a decentralized exchange, DDEX inherently offers some key security advantages over centralized platforms. There’s no central point of failure for hackers to target, and you don’t have to worry about surrendering control of your funds or your wallet private keys to the exchange. Instead, the cryptos you trade are exchanged from your wallet to the wallet of the person on the other end of the transaction.

To get started on DDEX you’ll need the following:

  • A computer or laptop running the desktop version of one of the following browsers: Chrome, Firefox, Opera or Brave
  • A MetaMask digital wallet or a Ledger Nano S hardware wallet
  • ETH or any other ERC20 token

Customer support

If you have a question about your account or about how to use the platform, DDEX offers an online support center with answers to a small selection of frequently asked questions. There are also guides to help you start trading, or you can submit a support ticket through the center if you need specialized assistance.

I hope you enjoyed our DDEX Exchange Review. If you did, share it with the rest of the crypto community.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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CoolWallet S Review: A Hardware Wallet the Size of a Credit Card

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The CoolWallet S is CoolBitX’s second-generation mobile hardware crypto wallet, launched in March 2018. It follows the CoolWallet, released in 2016. This is our CoolWallet S Review. Let’s unwrap it to take a look under the hood and start this CoolWallet S Review.

CoolWallet S Review – Table of Contents

A Wallet That Looks Like a Credit Card

The CoolWallet S is the size and shape of a credit card, fitting neatly into your purse or wallet. With a separate charger unit, it requires no wires to use and operate once charged. The battery lasts almost a month. Inside the card is a circuit board, a battery, a display, and a bluetooth antenna, which pairs with the app on your phone. It also has a CC EAL5+ Secure Element, adding an enhanced layer of security.

Because of its design, the wallet cannot be opened, reprogrammed, and resealed. Literally the size and shape of a credit card, trying to interfere with it in any way would make it completely obvious to the user.

Setting Up the CoolWallet S

During the setup phase, the S model uses numbers rather than words in your seed phrase. Still BIP39 compatible, this is something users of other wallets will need to adjust to. Setup instructions are fully laid out on the CoolWallet website.

The CoolWallet S supports bitcoin, Ethereum, litecoin, Ripple, bitcoin cash, and any ERC20 token. This is a major advancement on the first generation CoolWallet, which only offered support for bitcoin. The company plans to add support for other major currencies in the future. Once setup and paired with your Android or iOS mobile app, your wallet is good to go.

Security, Security, Security

The CoolWallet S is clearly focused on security. Not only is it fortified by a CC EAL5+ Secure Element inside the wallet, it pairs over an encrypted Bluetooth connection with the app on your phone, meaning that to interfere with it, a hacker would need to have your wallet, your phone, your phone’s patch version, and the knowledge to reprogram the app and solve a difficult mathematical hash function.

To send (or receive) transactions, the wallet needs to sign the transaction the app wants to make. The wallet cannot be paired with a different device if “Allow new pairing” is disabled, meaning a rogue app cannot access your wallet over a Bluetooth connection, because the addresses will be different. Furthermore, CoolBitX has full vertical control over the manufacturing process, producing the wallets at their own factory.

CoolWallet S Review

CoolBitX–A Serious Challenger in the Hardware Wallet Market

Based in Taipei, CoolBitX is supported by the Litecoin Foundation, investor SBI Holdings, decentralized ERC20 exchange JOYSO, and MetaCert, an anti-phishing security service. ShapeShift and JOYSO are fully integrated, giving users the ability to trade currencies in a safe cold storage environment.

Worldwide sales of the CoolWallet S exceed 100,000 units. It has only just launched in the United States. At $99 USD, the wallet’s unique approach of combining the security of hardware storage with the convenience of mobile wallets should help it win over adopters from its rivals.

CoolWallet S Review Features Rating

  • Design features – 92%
  • Ease of use – 94%
  • Security – 96%
  • Price – 99%
  • Recommendable – 95%

Have your say. Do you own a CoolWallet S? Share your experiences in the comments section below. Also, if you enjoyed our CoolWallet S Review, share it with the crypto-community.

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Why Bitcoin Will Succeed?

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If Bitcoin will succeed or not is an interesting question. For the time being, Bitcoin holds a leading position across the cryptocurrency market. It jumped to 7-weeks highs this Wednesday and it seems that Bitcoin will have a considerable price breakout, just like gold. People will be forced to rethink their investment strategies based on the way the cryptocurrency behaves around current price levels.

Chaos theory shows the limitations of making predictions. One cannot simply anticipate all possible future events. Maybe so, yet Bitcoin isn’t one of those “inherently unpredictable” things.

You can do an analysis for tomorrow and find patterns to make predictions. Will Bitcoin be the winner of the cryptocurrency future? If Bitcoin will succeed, it will be based on its qualities and not on what people say.

What does the future hold for Bitcoin? Let’s start by making sure we understand the basics.

Review: A Short History of Bitcoin

Bitcoin has existed since 2009, so it’s not exactly new. Numerous attempts were made to create a practical digital asset that couldn’t be copied or counterfeited. Nevertheless, nobody succeeded in developing a reliable e-cash method like BTC.

Satoshi Nakamoto – The One Who Supposedly Discovered Bitcoin 

Satoshi Nakamoto published in 2008 a whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”, in which he enlarged upon the functionality of the blockchain network. It represented a disruption to the hogged field of centralized financial power. Strangely enough, Nakamoto denied being the founder of the online currency. He may not be Bitcoin’s creator, but Nakamoto possesses about 1 million BTC.

Many say that the original whitepaper sounds like it was written by Elon Musk. But there’s no reason why he would’ve hidden his identify all this time. What is certain is that Musk is now tied to the mystery behind the creation of Bitcoin. It doesn’t really matter who’s the father of Bitcoin. What matters is that we can take advantage of this unique network as a payment platform.

First-Ever Transaction Involving Bitcoin

The first real-world transaction with the cryptocurrency was reported on the 22nd of May, 2010. It’s so notorious that even amateurs know about it. A Florida man traded 10,000 BTC for two pizzas. Just think about it. Those Bitcoins would be worth more than $80 million at present. Bitcoin Pizza Day is one of the most important events in cryptocurrency history. Following that pizza purchase, Bitcoin drew near the American dollar.

Understanding the Powerful Technology Behind Bitcoin and Other Cryptocurrencies

Why Was Bitcoin Created in The First Place?

Bitcoin was invented to solve the problems related to real money. It was the very first decentralized peer-to-peer payment network. The virtual currency doesn’t require an intermediary, such as a bank, so money can be sent from user to user without the need to exchange personal information. And without having to pay hefty transaction fees. No financial institution can control the supply, by the way. 

Blockchain is to Bitcoin what the Internet is to Google

The cryptocurrency relies on a technology called blockchain. To put it simply, blockchain is a series of records, which are referred to as blocks. The blocks are connected with the help of cryptography. You can think of it as a ledger of information. This cutting-edge technology can be deployed to develop games, social networks, storage platforms, prediction markets, and so on.

Here are some interesting things you should know:

  • Bitcoin supply is set to 21 million.
  • There are 8,115,212.5 bitcoins in existence.
  • If you lose your Bitcoin key, you lose your Bitcoins.

Once a financial transaction is recorded, it’s there forever. The blocks of the chain create a permanent record of every transaction, which is available to users in real-time. You can’t say that your Bitcoins were stolen online because the blockchain will prove you wrong. The information is shared across numerous computers, so it’s updated on the spot.

Bitcoin Isn’t A Fad, It’s the Future

Bitcoin’s revolution is still at an early stage. At least, this is what the experts believe. Blockchain technology enjoys a great deal of support from banks and governments. Having understood that they can’t defeat Bitcoin, they have decided to be on the same side. In 2018, the Bank of England affirmed that it would look into the matter – in other words, it would investigate if ledger technology has potential use cases.

Crypto isn’t just another fad that will go away. On the contrary, many companies design mobile applications and software to come to the help of people who are looking forward to investing in cryptocurrency. Applications and software are made to be easy to use. This belief is in consonance with PickWriters’ views. They are adapted to a specific culture, language, not to mention legal requirements.

Other organizations go one step further and obtain venture capital by creating digital currency and conducting an ICO. More often than not, the offering is aimed at foreign investors. Those who comprehend the power of the underlying technology don’t hesitate to make an investment. They don’t fancy themselves as traditional investors.

Bitcoin, as far as it’s concerned, is a monetary innovation combined with a one-of-a-kind technology story. People have tasted, or at least they have witnessed the incredible returns from Bitcoin, so it’s not going away any time soon. Entrepreneurial cosmopolitans place their faith in digital currency. It’s hoped that in the future, Bitcoin will operate in many more environments. A great demand already exists in the market, so the number of adopters will surely increase.

What Will Bitcoin Look Like in The Years to Come?

A modest investment in Bitcoin can ensure a promising future. We don’t know when the cybercash will enter its next phase. The only thing we know for sure is that the days that are about to come will prove nothing but positive for Bitcoin as institutional money enters the market. Decentralized cryptos and apps will dispense power across the system. Nobody can take control or even change the rules as they please.

The value of Bitcoin has been negatively impacted by the lack of recognition in important economies. Is there something else stopping Bitcoin from achieving its full potential? Unfortunately, it’s not ready yet for mainstream adoption. This is what needs to change.

Solving Bitcoin’s Volatility Problem

The reason why Bitcoin can’t be used in day-to-day transactions is that it has a volatile value. More precisely, the price fluctuates all the time. One day it’s skyrocketing and the other day it’s down in the dust. Of course, this volatility can be overcome. The question now is: How? The cryptocurrency market needs more liquidity. There are too many Bitcoins and very few possessors. Additionally, if more financial institutions backed up the cryptocurrency, things would be different now. 

Educating People About Cryptocurrency

Maybe people aren’t willing to embrace the crypto-revolution because they don’t understand it. Regular individuals don’t know anything about cryptography. You don’t need specialist knowledge to use BTC, but you must know cryptography to use a Bitcoin wallet. For many, Bitcoin is simply a concept. This lack of education is damaging to the industry, to say the least. It’s necessary to offer a transparent education with regard to how cryptocurrency works.

When the aforementioned issues are solved, Bitcoin will go mainstream. Mass adoption will no doubt become reality. Even the smallest participant in the market has the power to accelerate Bitcoin’s adoption by spreading confidence and sharing valuable insight. 

Bitcoin Will Never Be Beaten. That’s the Truth

The publishing of the Bitcoin whitepaper many years ago disrupted the world. It’s important to understand that the cryptocurrency still causes digital disruption. The community has increased with time and the Bitcoin protocol has been adapted accordingly.

If the world’s governments can’t agree on a consensus with regard to blockchain, decentralized cryptocurrencies will transform into a parallel economic operating system. We’re talking about an economy that’s not oppressed by laws and the decisions of public authorities. What Bitcoin does is give power back to the people. This isn’t an exaggeration.

Contrary to popular belief, Bitcoin prices won’t collapse to zero. Many individuals in the cryptocurrency community have held BTC through difficult times and have managed to survive. Tough times come and go. It’s the skill and patience that make you strong when it comes to your coins. Bitcoin can be used as a hedge against disaster. Think about it. You’ve got a chance to invest in something that’s almost as good as gold.

The truth is that Bitcoin’s future isn’t bad. If shortcomings are overcome and the number of conversion options increases, no cryptocurrency will be able to replace BTC as the winning standard.

Elon Musk thinks Bitcoin is brilliant. What is more, the entrepreneur and businessperson claimed that “paper money is going away.” He’s quite right. Coins and paper currency are the preferred methods for paying for things. With counterfeiters getting more skilled at copying banknotes, electronic payments will rise year after year.

To sum up, Bitcoin is a highly complex innovation that stands a great chance of being successful. The cryptocurrency will succeed because it solves the biggest problem of all: centralized banking systems that control everything. People are getting smarter, so they won’t say “no” to crypto adoption.

So by now, I hope you understand why bitcoin will succeed. Let me know if you have any questions by leaving a comment below.

AUTHOR BIO:

Donald Fomby is a communications professional with more than five years of writing experience. Donald runs blog BestWritersOnline and is proud of an uncanny ability to explain the most complex subject in simple terms.

Elon Musk Tweets That “Bitcoin” Is Not His Safe Word

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By now, you probably know that Elon Musk appears to have knocked up his girlfriend, Grimes.

And just when you thought that was more than enough information on the billionaire’s personal life, you fire up the Bloomberg terminal and wind up staring at this:

Elon Musk Tweets That "Bitcoin" Is Not His Safe Word

The headline comes from an Elon Musk tweet where the CEO, who is probably delirious with joy after watching his stock hit all time highs while facing zero accountability from the NHTSA, tweeted “Bitcoin is *not* my safe word”.

A “safe word” is, of course, a word used by sexual partners during rough sex. It’s a proverbial “tap out” when things make the transition from playful to harmful. You know, like the Fed with monetary policy over the last 20 years.

And regardless of whether Musk is serious or not remains to be seen, but that didn’t stop CCN from running an article with the title “Elon Musk Likes Shouting ‘Bitcoin’ While Having Sex”. 

And just like that, the voices of millions of Bloomberg terminal users cried out in terror and were suddenly silenced. 

Elon Musk Tweets That "Bitcoin" Is Not His Safe Word

We can’t tell if it’s a commentary from Musk on cryptocurrency. CCN notes “in the past, Musk has described bitcoin as quite brilliant.He’s even had his Twitter account suspended for half-jokingly urging one of his followers to buy the cryptocurrency.” In April he tweeted, “Cryptocurrency is my safe word.” 

Regardless, it seems like more time well spent on Twitter for the world’s favorite boy genius. We wonder how those 100 hour work weeks are still coming along.

And for us, this Tweet and the pregnancy news amount to far more Elon Musk sex-related news than we would ever want. 

But hey – if we had gotten away with all of the lies and deceit that Musk has over the last decade while the market rewards our cash incinerating company with a nearly $100 billion enterprise value, we’d be horny too. 

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Bitcoin Can Gain 100% In 2020 – Halving Not Priced In, Says Fundstrat

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Authored by William Suberg via CoinTelegraph.com,

Bitcoin can deliver 100% returns to investors in 2020 and may rise significantly in the five months until May’s block reward halving, a new report claims. 

Bitcoin Can Gain 100% In 2020 - Halving Not Priced In, Says Fundstrat

image courtesy of CoinTelegraph

In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not yet “priced into” the Bitcoin price.

Fundstrat expects over 100% BTC gains

The report is currently only available to the firm’s clients, with key findings uploaded to Twitter by co-founder Tom Lee on Jan 10.

“For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin — thus, we believe Bitcoin and crypto total return should exceed that of 2019,” an excerpt states.

Fundstrat continued:

“In other words, we see strong probability that Bitcoin gains >100% in 2020.”

The factors Lee and others identified focus on geopolitical tensions and the upcoming United States presidential elections, in addition to the halving. 

Fundstrat took its cue from events last year, noting BTC/USD hit its high point amid tensions around Facebook’s Libra digital currency and negative comments on Bitcoin by president Donald Trump. 

Bull catalyst or “non-event”?

As Cointelegraph reported, geopolitical factors form the basis for other commentators’ bullish Bitcoin price scenarios for this year. 

As regards the impact of the halving, however, pundits are less united. Last month, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said May would prove to be a “non-event” for Bitcoin.

Williams appeared to contradict fellow co-founder Anthony Pompliano, who a month previously had claimed that even at $8,750, Bitcoin was yet to have the halving priced in.



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South Korea’s Largest Digital Asset Exchange Bithumb Might Invest $8 Million in Country’s Regulatory Free Zone

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South Korea's Largest Digital Asset Exchange Bithumb Might Invest $8 Million in Country's Regulatory Free ZoneBithumb, South Korea’s largest digital asset exchange, might invest over $8 million into the nation’s regulatory sandbox program and ecosystem.

Through its subsidiary GCX Alliance, Bithumb’s management has shown intent to invest up to 10 billion Korean won (appr. $8 million) into Korea’s regulatory free zone, which is based in Busan, local sources confirmed on January 9, 2020.

Busan is the country’s second-largest city, and has previously been in the news on several occasions for being a deregulated outpost and for its plans to develop a blockchain-powered digital currency.

Last month, Korea’s leading telecommunications firm, KT, announced the launch of a blockchain-enabled digital currency, which would be local to the city of Busan.

Bithumb’s management has expressed an interest in allocating the 10 billion won investment towards the development of the Busan-based Tongsan Asset Exchange, as noted by Korea’s Ministry of Small and Medium Venture Businesses.

South Korea’s Financial Services Commission is reportedly planning to review these plans with the Bithumb team by the end of this month.

As noted by local media sources:

“The [Korean blockchain] industry expects Bithumb to launch various blockchain-based financial businesses in Busan with this investment.”

South Korea’s National Tax Service recently revealed that it would be withholding $70 million in taxes from Bithumb. Bithumb Holdings’ largest shareholder, Vidente, which runs Bithumb’s Korea branch, confirmed the withheld amount and said that the tax would be imposed on the exchange’s overseas clients.

It was notably the first time that Korea’s tax authorities ordered that taxes be paid on capital gains from cryptocurrency transactions.

The notice stated:

“Bithumb Korea is planning to take legal action against the tax claim so the final payment can be adjusted in the future.”

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As EU Regulations Tighten, Crypto Options Exchange Deribit Moving from Netherlands to Panama

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As EU Regulations Tighten, Crypto Options Exchange Deribit Moving from Netherlands to PanamaDeribit, a cryptocurrency options exchange that does not currently require customers to identify themselves, will relocate to Panama from the Netherlands, the exchange says in a letter to customers obtained by Bloomberg.

According to the outlet, the Deribit communiqué says that new EU rules likely to be adopted in the Netherlands, “would mean that we have to demand an extensive amount of information from our current and future customers.”

Cryptocurrency fans typically prize privacy, but law enforcement, regulators and tax departments across the globe have become increasingly concerned in recent years about possible criminal use, money laundering, terrorist financing and tax evasion involving cryptocurrencies.

According to data obtained by Bloomberg from Skew, Deribit handles 80% of the world’s crypto options trades.

The outlet says Deribit has already moved its servers to London and, as of February 10th, “The exchange will be operated by DRB Panama Inc., a fully-owned subsidiary of the Dutch company Deribit B.V.”

Also in February, Deribit will reportedly start requiring users withdrawing up to 1 bitcoin every 24 hours to provide a name and address, though no government ID or passport scan will be required at that level.

Documents will have to be provided on withdrawals involving more than 1 Bitcoin, however.

Deribit decried the implications of the new rules:

“Crypto markets should be freely available to most, and the new regulations put too high barriers for the majority of traders, both regulatory and cost-wise.”

In March, Caspian, a crypto trading platform for professional traders and investors, integrated its platform with Deribit, and thereafter claimed to be the first institutional-grade platform to provide both options and futures trading of cryptocurrencies.

Caspian also claims it interfaces with all major crypto exchanges and OTC brokers.

It is not known how or if Deribit’s move will affect affairs at Caspian, which also appears to be a Netherlands company.

Caspian has been contacted and any comment they may forward will be appended to this article.

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