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Cryptocurrency Trader Warns Bitcoin Hodlers To Quit The Token If Cryptocurrency winter Persists.

Mark Dow, a Bitcoin trader is not hiding his anxiety about the cryptowinter, especially about how it affects the leading token.
The former international Monetary Fund economist, says if Bitcoin does not hit $5,000-$6,000 soon, the bear market could return in full force, and the effect may cause even long-term hodlers to consider selling their positions.
On his Twitter handle, Dow says;


— Dow (@mark_dow) December 27, 2018
The bitcoin trader already has a successful bet on the leading token’s long term bear market when he decided to short Bitcoin at the height of last year’s cryptohype. As Bitcoin steadily declined this year, he closed his big short just last week.
The prolonged crypto cool down only shows that the present cryptomarket will take a long time to hit a cryptobull.
Sharing the same sentiment with the bitcoin trader, Donald Pendergast said;
The nearly 93 percent decline witnessed between November 2013 and February 2014 took only 84 days to complete. Once the bottom was in place, it took a whopping 1,106 days for Bitcoin to achieve a new ATH (March 2017).
Bitcoin’s nearly 94 percent decline in 2011 took nearly 500 days before reclaiming a new ATH. The NASDAQ 100 index (QQQ) decline of (83.6) percent (March 2000 to October 2002) required an incredible 16.75 years before being able to make a new ATH.”
Coin Listings And Updates On Top Altcoins.
At the other end, XRP is covering new grounds through it’s listing to the new Dubai cryptoexchange Bitrex, that got launched last month. The dubai-based exchange gives it’s customers access to several payment solutions, including credit or debit cards, bank transfers as well as cash deposit service.
Speaking about the launch Monark Modi, Bitrex UAE’s CEO said;
UAE residents have been calling out for more options to securely buy and sell digital currencies… While residents have been able to use international trading platforms for some time, having access to a local exchange is far more convenient. Trading via a UAE-based company allows customers to easily deposit local currency rather than first having to exchange it for a more widely-accepted currency.”
For Ethereum, Enjin coin an ethereum-based cryptogaming platform recently released a new ad-free Ethereum blockchain explorer.
With the support for litecoin and Dogecoin coming next year Enjinx is still up and running.
Tron now has more than seventy decentralized apps running on it’s network.
Bitrex’s listing of Stellar-based initial coin offering is one minor boost for stellar. Also, Mobius a mobile crypto wallet created for usage in smart phones would bring fast and free mobile payments.
The US based exchange Bitrex also listed Basic Attention Token and Bitcoin SV (BSV) to its USD crypto-to-crypto markets.
 
 

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