empty
14.11.2017 11:08 AM
Bitcoin analysis for 14/11/2017

Every success of Bitcoin is related to the predictions of its fall. Over the past few years, many experts have longed for the end of Bitcoin for various reasons, from the lack of real value to the financial pyramid. This time, the indication fell on the character of the cryptocurrency, who was always considered her greatest asset - anonymity. Fredric Oudea, CEO of SocGen Bank, is the next person who tries to predict the future of Bitcoin. In his opinion, the possibility of anonymous use of BTC is a source of reinforcement of criminal activity. Bitcoin can be used, for example, for money laundering or terrorist financing. According to Oudea, this would be a sufficient argument for governments to deny cryptocurrency. At a Web Summit conference, Oudea said: "The benefit (of using BTC) is to provide anonymity to those who make the transaction. I do not see the future when I see how governments fight money laundering, tax evasion, terrorist financing. The anonymity of the transaction is a problem that will exert pressure on Bitcoin "

What is causing most doubts in CEO SocGen's statement is that Bitcoin is not really anonymous. In the context of the most popular cryptanalyst, there is talk of "pseudo-anonymity". Unless your personal address is closely related to a particular person, all your transactions can be monitored. Criminals could not simply, with impunity, shed money. Therefore the words of Oudea'i are abusive.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. From the low at the level of $5,534 the market has managed to retrace 50% and currently is trading close to the level of $6,695, just above the weekly pivot. This move might be labeled as the wave B or a part of the wave B correction, so there is another leg down coming up shortly. The key resistance remains at the level of $6,982.

This image is no longer relevant

Sebastian Seliga,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2025
समय सीमा चुनें
5
मिनट
15
मिनट
30
मिनट
1
घंटा
4
घंटे
1
दिन
1
सप्ताह
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.