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The news is significant because OKEx currently ranks sixth among cryptocurrency exchanges in total trading volume, according to data from CoinMarketCap.
Over the past 24 hours, OKEx has processed more than $1.3 billion in trades, and it is likely that the new trading pairs will further increase Bitcoin Cash’s daily trading volume, which often exceeds $1 billion.
In addition to increased liquidity, the creation of a BCH market also further cements Bitcoin Cash’s status as a top-tier cryptocurrency and separates it from other altcoins that were created through bitcoin forks.
Is it Ever Too Late to Buy Bitcoin? $100 Then and Now
One of the reasons that Bitcoin is capturing the hearts and minds of individuals is the stories of instant millionaires who have made their fortune from being an early adopter. People who were mining the coin or accumulating it by the hundred, and were smart enough to hold onto it today are experiencing unprecedented profit.
With the monumental price gain, however, people are starting to wonder where the ceiling is, and if it is not fast approaching. To this end, there is a section of the population who are wondering: ‘is it too late to get into Bitcoin?’ However, this is not a new question, it is a question that was asked when Bitcoin was at $10, $100, $1,000 all the way up to over $17,000 where it sits today.
There is, of course, no doubting that those who were really early to the party are the biggest profiteers, and for envy’s sake, it is worth looking at what has been achieved in just seven years.
Ronnie Moas, a famed stock picker has put forward an argument that Bitcoin is highly undervalued even at today’s prices. Moas said: “We currently have $200 tln in the world tied up in cash, stocks, bonds and gold alone and all four of those, in my opinion, are overvalued. If 1/2 of one percent of that 200 tln dollars ends up in Bitcoin, you are looking at a one tln dollar valuation that would be above where Apple Computers, the most valuable company in the World, is today.”
Credit- The Cointelegraph
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South African Tax Services Researching Ways to Track BTC Transactions. Regulators, governments and tax men alike have been stumped as to how to keep up with the rapidly growing cryptocurrency market. It has seen a large grey area appear over the market in which incidents are usually handled as they come. To this end, the South African Revenue Service, the taxation body of the country, is seeking help from top technology companies from around the world in order to try and track Bitcoin transactions. #bitcoin#cryptocurrency#bitcoinprice#mining#bitcoinmining#investment#tax#irs#love
Cryptocurrency Exchanges Coinbase, Bitfinex Down
Digital currency exchange operators Coinbase and Bitfinex reported problems with service through their websites on Tuesday, frustrating traders seeking to cash in on the latest surge in the value of bitcoin and other cryptocurrencies.
Wallet-provider Coinbase's website showed "service unavailable" early on Tuesday U.S. time, flashing a message that said it was down for maintenance. Its exchange gdax.com was still quoting prices, although it also said it was experiencing a "minor service outage." Bitfinex, another cryptocurrency exchange, tweeted it was under heavy distributed denial of service (DDoS) and its application programming interface was down.
In the early 17th century speculation helped drive the value of tulips bulbs in the Netherlands to previously unheard of prices! Imported tulips from turkey were a novelty at the time! Can you believe a single tulip was worth an entire estate at one point and at the bottom the tulip was the price of a onion! The tulips were in such high demand that it enjoyed a twenty fold increase in value in the span of one month 😭😭! Prices were rising so fast and high that people were trading their land, life savings and anything else the could liquidate to get more tulip bulbs! Guess what happened next!!! As happens in many speculative bubbles some people decided to sell their inventory of tulips and crystallize their profits. A domino effect started to ensue of progressively lower prices taking place as every one tried to sells. The price began to dive causing people to panic and sell regardless of losses! No one remained unscathed from this tulip crash!!! Tag some one into bitcoin mania down below 🤑🤑 to warn them of these bubbles!!