Tuur Demeester has an outstanding record in predicting turns in the exchange of Bitcoin relative to the dollar. In this interview with Jeffrey Tucker, he explains his method and discusses the factors that influence its direction of change.

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  • This is the one I use just because t is simple and tells you what you need to know

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  • After an attentive observation, one will undoubtedly agree to the fact Vechain is not at all having a great time in the market as of now. The crypto undoubtedly tried to maintain its position in the market and has been strengthing its thresholds for long. However, now it seems that it might need a bit more supply support. This is so because the scenarios are becoming increasingly tough for Vechain to handle. PRESENT SCENARIO OF VECHAIN Before analyzing the depths of this crypto, let’s look at where it stands at present. As per the charts of 20th August, VET was observed trading around $0.004704. At this point of time, the market ranking of the crypto was found to be at 32nd rank. The ROI of the crypto lies somewhere near -69.29% whereas the 24 Hour Volume was 27,343,268 USD. Moreover, the market capitalization of the firm was found to be 256,118,982 USD. As far as the Total supply and Circulating Supply is concerned, it is around 86,712,634,466 VET and 55,454,734,800 VET respectively. Whereas the 7 Day high as well as low was found to be 0.005306 USD and 0.004395 USD. VeCHAIN’S BEARISH STORY In order to understand the actual reason VET terribly fails to recover, its imperative for us to look through its bearish journey that doesn’t seem to end. If we go back to the past, we will find that the VET was trading above the baseline at $0.006448. Truth be told, it was actually since then that the bearish trend started recently. The value of VET then simple dropped by a large amount, i.e., 19.36% on 1st August. The value at that time was around $0.0052. Since then, although the value tried to move up on 3rd August by 15.46%, the price of VET faced enormous downfalls. In fact, on the 15th of August, the value tremendously dropped by 26.78% which made the crypto hit its lowest. However, the value, as of now, seems to have grown up by 7.79%. This might be an uplift for VeChain but it’s not at all enough to recover its losses. TIME TO FIGHT BACK Since VeChain has been fighting its bearish trends for quite a long no it can quite clearly be seen that it is finding it difficult to overcome it. In response to this, the majority of the analysts firmly believe in the fact that its high time for VeChain to come up with new and effective strategies that might boost up its performance. Its, in fact, now time for VeChain to be capable of gathering some attention in the network. As far as the present scenario is considered, VET seems to be quite popular but only among the short group. This is why it seems to be the right time when it might need a little more supply support.

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  • The cryptocurrency market is experiencing ups and downs this week. Some of the currencies have experienced the bullish surge, but the market has again under the slight correction. The top ten currencies are under bearish pressure. Ripple (XRP) has shown some nice movements in this week and the value of the Ripple wasn’t doing anything good in the start. Five days ago the currency was trading at the value of $0.25173 at 06:00 UTC and the value of the currency increased by 6.70% on the same day. After the increase, the value was trading at $0.26858 at 22:30 UTC. On 16th August, the value of Ripple decrease a little around 4.88% and started trading at the value of $0.25548 at 05:40 UTC. After two days the XRP values rise tremendously around 14.03% and it was trading at the value of $0.29133 at 17:00 UTC. Current Status of Ripple’s Value: The currency is currently decreasing by -2.85% and it is trading at the value of $0.275968. The market capitalization of the currency is $11,836,474,844 and the 24-hour volume of the $1,132,455,176. The circulating supply of the currency is 42,890,708,341 XRP and the ROI of the currency is 4,598.26%. XRP Price Prediction and Conclusion: The currency is under bearish exchange and it is the signal for the buyers are to purchase the currency. The new associations and announcements are being made so it might help the value to increase. This time is the right time to purchase new XRP coins and the main resistances of the Ripple value are $0.288804, $0.294281 and $0.29947 and the main support levels of the Ripple value are $0.278138, $0.272949 and $0.267472. The pivot value of the XRP is $0.283615. The experts are predicting that the value of the Ripple might achieve the value of $0.50.

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  • As of writing this article Bitcoin was trading at $10.677.1 United States dollars (USD) and was going and upward and positive growth of 2.71 percent. The market cap of the coin was $190.40 billion United States dollars (USD) and the market supply of the coin was 17.83 million. Bitcoin (BTC) has shown massive improvement and the reason behind this is the launch of Bakkt. Here is what the Bakkt announced in its official blog: “Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures.” Bakkt’s launch was pending since the beginning of 2019 because of a glitch it was facing by the United States Commodity Futures Trading Commission [CFTC] which was reluctant in giving Bakkt a free go. Now that the green signal is received Bakkt is all set to launch on September 23rd. The largest digital currency Bitcoin (BTC) has got a massive boost because of the digital currency and it will help the coin in the further mass adoption, usage and application. Companies are always reluctant in using digital currencies as a way of payment and transfer because they are concerned with the security issues involved in digital currencies. Now since Bakkt has adopted Bitcoin the coin is going to get a sense of security and trust that is much needed for it as well as other digital currencies in the crypto market. The crypto community is quite thrilled after the announcement. The crypto world needs acceptance and it has got a much needed slight push.

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  • International revenue service which is located in the united states has started sending certain warning letters to the owners of crypto-currency. The subject matter of such letters demand the cleaning of the debts from the insolvent owners and pay the fine if let any. It was discovered that in a news bulletin, the IRS has made confessions regarding the sending of letters which they call “educational letters”. To be in accordance with this statement, there are three variations in this letter. They have also said that such letters have been sent to over thousands of taxpayers and they will have such letters sent to many more by the end of this month, hoping that the taxpayers would be taking the letters seriously else would have to suffer severe penalties. To quote IRS Commissioner, “The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing the law and helping taxpayers fully understand and meet their obligations.” It has been unearthed by IRS that there are many who own crypto-currencies and are involved in businesses but skive paying the tax on time. They have now decided to act upon this seriously and etch out all the payments that are yet to be done by the crypto owners. They have formulated some strict guidance they say so that all the payments are done on time from the next time, avoiding problems and confusions later. Anyone failing to adhere to such guidelines would be penalized immediately. It has been making the same efforts since the year 2014. Their clients are of the opinion that they fail to update the list of guidelines. However, this time, they have done it, unfailingly. A writer of the popular magazine Forbes named Lawyer Tyson Cross has also written about such guidelines of IRS in Forbes, at length. There are many other clients who have reported of the same reception of such letters.

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