- Antiwar.com expands Acceptance of Cryptocurrencies!
- The incredible Course Rally from Bitcoin Cash!
- New Update pushes DASH price over $ 500!
- 40 Companies from EU and China applied for Bitcoin mining in Russia!
- ETH Course Analysis for Week 45/2017
- BITCOIN COURSE CHALLENGE Week 6
The website Antiwar.com has announced this week to accept additional cryptocurrencies as donations. To better protect the privacy of donors, three more cryptocurrencies will be added as a payment option to the platform, which aims to end wars.
Antiwar.com now also accepts Bitcoin Cash, Dash and Zcash.
Antiwar.com has been working to spread peace and end military conflicts since 1995. Since 2012, the charitable association Bitcoin accepted. Now three more cryptocurrencies are to be accepted as a donation. Also payments in Bitcoin Cash, Zcash and Dash are now possible.
This was announced by the organization on the same day as their new "Armistice 2017" project. Armistice Day is the original name of today's Veterans Day in the United States. Today's holiday on November 11 is in honor of all veterans, while the former Armistice Day celebrates the end of the First World War. Donations help the organization to spread the peaceful message.
Durch das Hinzufügen weiterer Kryptowährungen soll „die Privatsphäre der Spender“ gesichert werden. „Wir nehmen den Schutz unserer Spender sehr ernst“ erklärte die Geschäftsführerin Angela Keaton.
Angela Keaton also said:
Precautions to protect Antiwar.com supporters from government overreach
Keaton firmly believes that the number of followers will continue to grow. However, she also fears that governments will keep a strong eye on the anti-war movement. Cryptocurrencies provide another layer of protection when users voice their opinion, which is not in line with the status quo.
"We have recently noticed that our standpoint of noninterference and our rejection of US foreign policy has made us the target of wide-ranging state surveillance," Keaton said. "We do not want that to affect our donors."
She added:
Using cryptocurrencies to help end all the world’s unjust wars
The non-profit organization offers a magazine and other helpful tools on its website. Keaton stated that the additional donation options will help end wars. Bitcoin would have already done its part. The cryptocurrency has helped spread the organization's message and connect with other organizations (such as Bitcoin Not Bombs and Freeross.org).
Bitcoin Cash reached an all-time high of $ 2,500 on Sunday morning - and was more valuable than Ether in the meantime. However, the euphoria lasted only briefly.
Bitcoin Cash has temporarily reached the status of the second largest cryptocurrency at the weekend and came to $ 2,500 on Sunday morning, according to Coinmarketcap.com. It put Ethereum for the first time in third place of the most valuable cryptocurrencies. For Bitcoin Cash, the price also meant a new all-time high.
Although the record was short-lived: The digital currency fell to $ 1,155 on Monday morning. Nevertheless, experts rate the price jump as indicative because Bitcoin Cash has fluctuated between $ 300 and $ 500 since its inception - especially since the Bitcoin price has plummeted in the meantime. Ethereum founder Vitalik Buterin congratulated on Twitter for the all-time high.
Gavin Andresen, who is often referred to as the Bitcoin maker, wrote on twitter, "Bitcoin Cash is what I started in November 2010 a store of value AND means of exchange." The currency offers more value and more transactions. One can understand the remark as a swipe at the original currency Bitcoin, which has to fight with slow transactions and high costs. Andresen had to leave the project around Bitcoin 2016, after there had been dispute over the orientation of the digital means of payment.
Bitcoin Cash: A short-term high?
The high was apparently fired by the canceled, second split of Bitcoin. Actually, in November, another so-called Hardfork called Segwit2x should come. Just like Bitcoin Cash, this should encourage larger blocks, allowing for faster transactions.
Some supporters of the spin-off now seem to be joining Bitcoin Cash: "Looking at the trends, it looks like many Segwit2x supporters have switched to Bitcoin Cash," said Nucleus Vision CEO Abhishek Pitto to Business Insider. However, some experts do not regard the course rally as sustainable. The Bitcoin Cash price is simply inflated, investors are only interested in short-term profits, as block-stream manager Samson Mow told the business insider. "There is no real market for Bitcoin Cash."
Bitcoin Cash and the difference to Bitcoin
Bitcoin Cash broke away from Bitcoin three months ago because of concerns over the scalability of the currency. The original cryptocurrency consists of blocks of one megabyte. Due to the popularity of the means of payment, transactions are slow. That's why some developers have developed a second currency called Bitcoin Cash, which clones the Bitcoin blockchain, but whose blocks can be up to eight megabytes in size. This currency dispenses with the "Segregated Witness" concept. This is to make the transactions faster by not parking signatures in the blocks.
With a new update, 2MB blocks and listing on various Asian exchanges, DASH has risen well in value.
It will not be quieter in the world of cryptocurrencies. After the Bitcoin rally and the Bitcoin Cash price explosion, the day closes with another significant price increase: After DASH fired a first rocket on November 6th, the price hit 290 EUR (340 USD), it was again at 23:59 UTC, which led to a new all-time high of 460.26 EUR (536.12 USD). Although the price has since corrected a bit down, but it still ranks at over 350 euros (400 US dollars).
Various things make their influence on the course noticeable: First, DASH was listed on Okex. Similar to Ethereum Classic a few days ago, this led to a lot of interest on the part of Asian traders. Secondly, S2X responded deftly by announcing that the current 12.2 version of Dash Core would allow blocks of 2MB size. Currently the transaction volume at DASH is still low enough that it would not need it, but in any case this would have made provision for the future.
With the new update, regular transactions now cost less than a penny. If a DASH user wants to use so-called instant send transactions, d. H. Payments that are confirmed within less than two seconds will be charged only 2 - 3 cents.
Of course, these changes are catching on: users are currently excited about DASH, as this cryptocurrency can score with fast transactions and low transaction fees. In addition, the cryptocurrency with the mention of 2MB blocks has been a
great move, which also attracts miners to the cryptocurrency.
Since the high transaction fees Bitcoins for many is a nuisance, cryptocurrencies, which can score with very low transaction fees, accordingly more popular. Whether the current increase is stable can not yet be said at the present time, as the transaction volume is still 3.5% of Bitcoin's transaction volume. Whether DASH is a definitive solution for the scaling debate has yet to be proven.
Companies from China and the European Union want to do Bitcoin mining in Russia. There are now 40 companies have applied. Russia already has some mining farms, but capacities are far from exhausted.
40 applications
The Russian Blockchain and Cryptocurrency Association (RACIB) has received 40 applications from overseas companies, according to media reports. The companies want to set up their machines in Russia to operate bitcoin mining there. This was confirmed by the president of the association, Yuri Pripachkin, last week.
He explained the situation as follows:
RACIB was formed in August to connect blockchain industry owners, miners and investors who invest in cryptocurrencies or ICOs. The founding of the association was announced a few months ago by Herman Klimenko, President Putin's internet affairs consultant.
New market and the need for legislation
Pripachkin also comment on the situation of cryptocurrency mining in Russia:
Pripachkin firmly believes that "Russia has every opportunity to become a metropolis of cryptocurrency mining".
After a rise to 283.17 EUR (330.30 USD), the price has fallen again and is currently at 275.55 EUR (315.42 USD).
Image based on data from kraken.com
Summary
- The Ethereum course has remained constant throughout the week.
- Although the short-term triangle pattern could be briefly broken, it is still a course orientation.
- The short-term support is 249.67 EUR (291.23 USD), the short-term resistance at 283.17 EUR (330.30 USD).
While the civil war is raging in the Bitcoin ecosystem, Ethereum is barely affected by this: While the S2X cancellation resulted in short-term gains of up to 283.17 EUR (330.30 USD), it did not last too long - too tempting Apparently for some of Bitcoin Cash's rise in price. Accordingly, the price fell again and is at the origin level.
The week can be explained with the words of T.S.Eliot:
The MACD (second panel) is currently negative, but the MACD line (blue) is above the signal (orange).
At 49, the RSI (third panel) is neutral to slightly bearish.
The movements in the 60 mins. chart speak a neutral language. Most important support of the week is described by the weekly minimum and is at 249.67 EUR (291.23 USD). Most important resistance this week is described by the weekly maximum and is at 283,17 EUR (330,30 USD).
The long term course development
To classify this development in the larger context, let's first look at the 240 mins. chart:
Image based on data from kraken.com
As you can see, since the beginning of September the price has followed a triangle pattern. It can be seen, however, that this triangle pattern was broken twice: on November 9, the resistance was breached the support the following day. Accordingly, I left the pattern in the chart, as it still represents a loose orientation.
The MACD is negative, as is the MACD line below the signal, but strives to rise above it. The RSI stands at 51. In the medium term, the situation is also neutral. Support and resistance correspond to those in the 60 mins. chart.
Let's take a look at the 1D chart
To put the developments in a long-term context, let's look at the 1D chart:
Image based on data from kraken.com
The price continues to move in the triangle pattern, but tests support rather than resistance. However, as the triangle pattern gets tighter and tighter, it may change in the near future.
The MACD is positive (albeit just above the zero line), as is the MACD line above the signal. The RSI is neutral at 52 and slightly bullish at best.
Overall, the long-term outlook is neutral to slightly bullish. Both support and resistance are further described by the triangle pattern. Most important support is 241.71 EUR (281.94 USD), the main resistance is 310.33 EUR (361.98 USD).
Disclaimer:
The course analysis is from the morning MUT time zone and can have changed since. The price estimates presented in this post are not a recommendation to buy or sell. They are merely an estimate of me.
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