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How to Buy Bitcoin on CoinMetro [for beginners]

Buying bitcoin on the regulated cryptocurrency exchange CoinMetro is easy. In this post, we’ll show how to buy bitcoin and altcoins using a step by step video. How to buy…

The post How to Buy Bitcoin on CoinMetro [for beginners] appeared first on Cryptocoindude.com.

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Buying bitcoin on the regulated cryptocurrency exchange CoinMetro is easy. In this post, we’ll show how to buy bitcoin and altcoins using a step by step video.

How to buy bitcoin on CoinMetro the easy way

Here’s our step by step guide:

Step by step guide to buying bitcoin on CoinMetro

And that’s about it guys: an easy way for beginners to buy bitcoin and altcoins on CoinMetro. This is a demonstration using the simple exchange on the platform and for experienced traders, there are other methods such as limit buys on the advanced trading screens. These, we’ll cover in future videos.

Like our content? Then please give our Youtube video a share and subscribe to our channel!

Source: https://cryptocoindude.com/how-to-buy-bitcoin-on-coinmetro-for-beginners/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-buy-bitcoin-on-coinmetro-for-beginners

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Ripple Price Analysis: XRP Suffers Hard As Fresh Lows Against Bitcoin Incoming

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XRP/USD – Bulls Trade Sideways After Triangle Break

Key Support Levels: $0.25, $0.245, $0.237.
Key Resistance Levels: $0.261, $0.271, $0.28..

Last week, XRP managed to break free from a symmetrical triangle pattern but has since moved sideways since the breakout. The coin seems to remain supported at the $0.25 level but struggles to break the resistance around $0.261 (bearish .5 Fib Retracement).

To turn bullish, XRP would need to close a daily candle above the $0.261 level to show that the buyers are ready to push higher toward $0.28.

xrpusd-oct26
XRP/USD Daily Chart. Source: TradingView

XRP-USD Short Term Price Prediction

Looking ahead, if the buyers rebound from $0.25 and penetrate above the $0.261 level (bearish .5 Fib), higher resistance lies at $0.271 (bearish .618 FIb), $0.28 (1.414 Fib Extension), and $0.286 (bearish .786 Fib).

On the other side, if the sellers push beneath the current $0.25 support, additional support lies at $0.245 (100-days EMA), $0.237 (200-days EMA), and $0.228 (.618 Fib Retracement).

The volume looks like it is dropping, and the Stochastic RSI produced a bearish crossover signal in overbought territory, which is a strong selling signal when combined with the falling volume.

XRP/BTC – XRP Struggling Beneath 2000 SAT.

Key Support Levels: 1915 SAT, 1900 SAT, 1865 SAT.
Key Resistance Levels: 1960 SAT, 2000 SAT, 2035 SAT.

Last week, XRP penetrated beneath the 2000 SAT level. It continued to struggle over the weekend as it broke the support at 1960 SAT. Today, after a brief push toward 2000 SAT, the sellers emerged and pushed XRP back into the October lows at 1915 SAT – provided by a downside 1.618 Fib Extension.

XRP is in a tricky position right now against Bitcoin. If the sellers penetrate beneath 1900 SAT XRP would set fresh 2020 lows for XRP/BTC.

xrpbtc-oct26
XRP/BTC Daily Chart. Source: TradingVIew

XRP-BTC Short Term Price Prediction

Looking ahead, if the sellers break 1915 SAT, the first level of support lies at 1900 SAT – which is the July 2020 low. Beneath this, support lies at 1865 SAT, 1800 SAT, and 1780 SAT.

On the other side, the first level of resistance lies at 1960 SAT. This is followed by resistance at 2000 SAT, 2035 SAT, and 2100 SAT.

Both the RSI and Stochastic RSI’s are in extremely oversold conditions, suggesting that the selling pressure should end soon as the bears seem to be overextended.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/ripple-price-analysis-xrp-suffers-hard-as-fresh-lows-against-bitcoin-incoming/

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User Transferred $1.15 Billion (0.4% Of Total Bitcoins) Transferred for $3.6 Fees

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  • An anonymous user just made what seems to be the largest fiat value transaction using Bitcoin.
  • In a single transaction, the user sent a total of 88,857.2449 BTC, which, at the current rates, is worth around $1.15 billion.
  • Being well-known for its low fees, the entire thing cost the user less than $4.
  • Large Bitcoin transactions have happened in the past, and most of them are characterized by their staggeringly low fees.
  • It’s also interesting to note that this wasn’t the largest transaction in terms of BTC.
  • As CryptoPotato reported earlier this year, a user sent a total of 124,946.622 BTC, representing a total of 0.07% of Bitcoin’s total supply. However, at the time, the amount was worth around $1 billion, and the user paid $80 in fees.
  • Back in 2011, Mt. Gox transferred 550,000 BTC, which today would be worth over $7.1 billion.
  • Meanwhile, Bitcoin’s price continues to trade around the $13,000 mark. It appears that the bullish momentum prompted by the PayPal news is somewhat fading. If bulls are to pick it up again, the next area of major resistance should lie somewhere around the important psychological resistance at $14,000.
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Source: https://cryptopotato.com/whale-alert-1-15-billion-0-4-of-total-bitcoins-transferred-for-3-6-fees/

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The number of Bitcoin whales hit an all-time high during the latest bull run

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The number of Bitcoin (BTC) whales reached a new all-time high amid last week’s price ascension. On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. At current prices, 1,000 BTC translates to approximately $13 million.

Source: Glassnode.

Based on this data, we can surmise that the whales control at least 2.23 million Bitcoin — a significant figure equivalent to 12% of the current supply.

Source: BitcoinCharts.

According to data from BitcoinCharts, these whale addresses actually control a much higher 7,902,469 BTC, or 42% of the total supply. Although we know the number of whale addresses, we do not know how many individuals or entities control them. Multiple addresses could be controlled by a single entity, or likewise a single address could be controlled by multiple parties with a multi-signature wallet.

Source: Glassnode.

Researchers allege that approximately 1.1 billion BTC are/were controlled by Bitcoin’s create and original miner, Satoshi Nakamoto. The vast majority of the coins believed to belong to Nakamoto have never been moved. 

We can also observe an increase in the “hodling” pattern — the percentage of Bitcoin supply that has not been moved in a while. 62% of the supply has not seen action in at least 1 year and almost one third has not changed addresses in 3 years or more.

Though Bitcoin saw its highest weekly close since 2018 during the past week, most whales and hodlers do not seem to be in a rush to part with their assets.

Source: https://cointelegraph.com/news/the-number-of-bitcoin-whales-hit-an-all-time-high-during-the-latest-bull-run

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