Bitcoin is Like Dot-Com Bubble, Morgan Stanley Says

Bitcoin’s recent moves almost mirror to the Nasdaq Composite Index in the lead-up to and aftermath of 2000, but at x15 speed
20 March 2018   851

A group of analysts of the American banking holding Morgan Stanley has published a new report, which draws parallels between the recent take-off of bitcoins and the boom of dotcoms that occurred in the late 90s, reports Bloomberg.

According to analysts, at present the movement of the bitcoin rate almost completely repeats the Nasdaq Composite Index on the eve and after 2000, but 15 times faster. Then the index rose by 278% in 519 days and peaked in March 2000. In turn, bitcoin jumped by 248% in just 35 days - down to a record $ 19 511 last December, the report said.

Nasdaq / BTC Compare
Nasdaq / BTC Compare

In addition, it is noted that since the end of last year bitcoin has experienced three waves of falls, when its price fell every time by 45-50%, before the rebound occurred. At the same time, the Nasdaq experienced five sharp falls after 2000, which were 44% on average.

Rising trade volumes are thus not an indication of more investor activity but instead a rush to get out.
 

Sheena Shah

Strategist, Morgan Stanley

Bear market is not something new for the Bitcoin. So, after the records of the end of last year in February, the price of bitcoin fell by 70%, and in this "there is nothing unusual," added Morgan Stanley. At the same time, since December 2017, trading volumes of bitcoin have grown by almost 300%.

First BTC Forks Battle to be Held on p2pb2b Exchange

p2pb2b exchange is going to challenge 'digital gold' fork
28 September 2018   433

Since the launch of the very first cryptocurrency, lots of developers were trying to improve Bitcoin and fix existing bugs. According to Bitcoin.com, there were 69 Bitcoin forks in total in the crypto market in April 2018 and only 10 of them were traded on exchanges. p2pb2b exchange has decided to figure out which of the forks deserve to be listed and currently holds Bitcoin Forks Battle for the first time in the history of the crypto market. The platform is not going to decide the destiny of coins itself. Instead, the community of traders will be voting for the best coins in their opinion. The winner will get a free listing on p2pb2b.

How does the Battle go?

Bitcoin Forks Battle is held on the p2pb2b exchange in 3 stages. Any of Bitcoin forks can participate. The following forks are already participating in the Battle: B2X, BCA, BCD, BCX, BIFI, BTCS, BTN, BTX, GOD, LBTC, NRO, SBTC, UBTC. There is still a chance for any other Bitcoin fork to join the competition. Only traders registered on p2pb2b with at least 0.003 BTC / 0.05 ETH / 25 USD on their account in order to exclude frauds. The voting itself is free.

  • Stage 1 - Qualification
    • The stage will last for 7 days and only 8 most voted coins will pass to the next round.
  • Stage 2 - Play-off
    • 8 coins will be randomly divided into pairs. A fixture list will be made and coins will participate in matches just like it works in football. There will be 6 matches in total, 24 hours each. 2 finalists will pass to the next stage. Coins that will make it to the play-off will receive a special offer for the listing within a month since the announcement of the battle results.
  • Stage 3 - The Final
    • The final stage will last for 5 days, the most voted coin wins the battle and gets a free listing of p2pb2b.

Bitcoin forks will finally get a chance to enter the crypto market and find its acceptance. Coin holders will be able to benefit from trading and an improved functionality that each fork has already presented. Check out the official website to participate in the Battle and choose the coin you like the most.

p2pb2b
p2pb2b

p2pb2b cryptocurrency exchange has made a reboot after 4 years of work and introduced users a completely new platform for safe and profitable trading. The team is mainly focused on the needs of businesses and large enterprises. However, each participant of the crypto market will be able to find benefits in using p2pb2b exchange. Traders get high performance, safety, and client’s support. Businesses take an advantage of a possibility to list a new coin for 5 minutes, updated API, officially registered Estonian company. More information about the platform is available on the official website.