- Bitcoin Trading - the Ultimate Guide to Bitcoins
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Bitcoin was created in 7559 as an anonymous and secure way of exchanging money on the internet. It is an electronic currency that is completely decentralized - it isn&rsquo t backed by a government or other central authority &ndash and is minted and exchanged entirely within a massive network of users. Anyone with an internet connection can send and receive Bitcoins directly and privately with no transaction fees.
Bitcoin Trading - the Ultimate Guide to Bitcoins
China-based Bitcoin exchange, wallet service and mining pool BTCC signed the Hong Kong Roundtable letter. The company is one of the most outspoken proponents of Segregated Witness and is currently the biggest mining pool signaling support.
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In an article published on Bitcoin Magazine last week, pool operator Marek "Slush" Palatinus explained he wants to remove himself from the equation as a decision maker: "Satoshi's idea was not to have a few entities control the network. As a mining pool we shouldn't rule."
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Bitclub Network is the fourth largest mining pool currently signaling support for Segregated Witness. Not much else is known about this pool.
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India-based GBMiners , another relatively new mining pool, is not signaling support for Segregated Witness. In an interview with CoinJournal , the mining pool did indicate that it is in favor of the Bitcoin Core fork Bitcoin Unlimited , which has no plans to support Segregated Witness.
At the "Bitcoin Roundtable" in Hong Kong last February, Bitmain and AntPool representatives signed a letter supporting Segregated Witness, in return for a hard fork proposal to increase the block size limit from the Bitcoin Core developers present at the meeting. This hard fork proposal was scheduled to be presented within three months after the release of Segregated Witness - originally set for April. Due to a delay of Segregated Witness, however, the developers technically have until late next January to present the proposal.
Given the simulation's restricted trade size of 6 BTC, could more money be made with more capital at stake? The authors write that more research is required, although they speculate that profit can be magnified.
That may change, however, with a new paper that claims to have devised a trading strategy that can produce an 89% return in less than two months.
Stochastic is turning higher to suggest a return in buying pressure. RSI is on its way down but appears to be stalling around the middle, suggesting that range-bound conditions could come into play. Nearby support is located at $955.