Buyucoin has launched Scratch Card to win upto 300 INR

You are in a fun world try your luck, it’s a win-win. Do not miss your chance! Millions of scratches are sold and played every day so it’s unsurprising that they made it into the online crypto world. Now they’re online, Bitcoin casinos and exchanging sites offer you the opportunity to play scratch cards with Bitcoin.

Fun and Win In An Instant!

Using Bitcoin scratch cards makes it possible to enjoy all the fun of regular scratch cards from almost anywhere in the world. In fact, many of these are much more fun than traditional scratchies. The joy of Bitcoin scratch cards is its simplicity and the anonymity they offer. Everything is anonymous from the purchasing of Bitcoins, buying your scratch cards, and cashing out your winnings. Best of all, the payouts are almost instant, making Bitcoin scratch and win cards perfect for those of you wanting a little gamble but are short on spare time.

BuyUcoin Announcement Scratch Card

Your favourite cryptos, hiding behind the scratcher. Try your luck on our Bitcoin scratch cards – instant wins await! All provably-fair and built in the crypto community. Scratch and win up to 300 INR in BTC on a single scratch card now! Also look out for great scratch card combos and offers for even more shots at the top prizes.

How Scratch Card Works?

Sign up for BuyUcoin
If you are not a user in BuyUcoin, sign up today as there are many exciting offers waiting for you
Make a deposit INR/Crypto
Make a small investment today, to earn a wholesome of money tomorrow as trading in crypto is all about future prospects
Set the game prize
Everything is under your control, set the game prize. There is an assured reward, so don’t worry about the loss.
Start playing
There will be many random cards where you have to choose the one that catches your eyes. You will be rewarded in BTC according to your scratched card.
Earn more
Invite your friends. Scratch more to increase your probability of winning.

Anonymity in BTC Scratch Cards

All Bitcoin casinos require you to enter your name, date of birth, and email address to ensure you’re of legal age, but those are the only details you need to enter.

The purchase of Bitcoins and then the Bitcoin scratch cards remain completely anonymous so nobody ever knows about you playing scratchies. When, not if you win, a prize, your winnings are processed in Bitcoin meaning your withdrawal is also secret from prying eyes.

How To Play Bitcoin Scratchers?

Once you have some Bitcoin in your wallet, playing Bitcoin scratchers is super simple. Getting your hands on Bitcoin also isn’t overly difficult as BuyUcoin offers instant purchase of any crypto coin using the EZ platform.

The process of buying and playing Bitcoin scratch cards is straightforward. Simply, find a scratch card that catches your eye, click the buy button and your game will load. All scratch cards are different, but all have similar mechanics. You reveal symbols on the card and win a prize when you match specific symbols or a number of symbols.

Where to Play Bitcoin Scratch Cards?

India’s leading Crypto exchanger BuyUcoin has launched the First Crypto Cashback Reward Program for all traders and crypto enthusiasts to get the most out of their daily tradings. Exciting rewards are awaiting for you where just a scratch is all it takes, scratch now and grab upto 300 INR in Bitcoin.

Terms and Conditions

GENERAL PROVISIONS AND TERMS
The service can be used by people over the age of 18.
The organizers of BuyUcoin do not force anyone to spend time on the Service.

ACCOUNT, PASSWORD, SECURITY

To open an Account, the user can also login via Gmail or can sign up manually.
The user is fully responsible for any actions taken by him.
The service is not responsible for the acts committed by the User against third parties.

USER

Attempts of unauthorized access attempts to harm the Service are unacceptable.
When adding any information to the site, it is prohibited to insult, extortion, slander, bluff, messages containing malicious information as well as information that can harm third parties.

FORBIDDEN

It is forbidden to publish falsified data.
You may not register more than one Account.

RESPONSIBILITY OF THE PARTIES

By replenishing the balance on the site with any payment systems, you take full responsibility for your actions. Service does not force and does not insist to do any action.
By scratching cards or spending funds on your balance in any other way, you accept full responsibility for your actions.
The service does not encourage or motivate you to increase your funds.
The service does not give 100% guarantee that the Scratching of cards will give the opportunity to increase your funds on the balance.

RIGHTS

The exclusive right to the Service belongs to the Service.
All rights to the materials presented on our website belong to the right Holders.

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Coinbase Users Lose $25K On Yearn.Finance Since DeFi Token’s Debut

Timing when to buy in crypto or any market is a difficult task. Eager DeFi investors learned this the hard way…

Timing when to buy in crypto or any market is a difficult task. Eager DeFi investors learned this the hard way if they rushed to buy Yearn.Finance (YFI) the moment it was listed on Coinbase. From that moment on, its been almost nothing but downside since, leaving anyone who bought that “top” with a $25K paper loss on hand.

Will YFI recover and soften the sting of such a dramatic fall from grace, or will investors continue to yearn for their money back?

How A Coinbase Listing Has Become The Crypto Industry Kiss Of Death

Once upon a time in the cryptocurrency market, a Coinbase listing meant big gains. Even just rumors of a potential listing sent XRP soaring in early 2018 from $1 to more than $3.50 at its peak.

These days, it is more like a kiss of death than getting a spin on the wheel of fortune. Take Yearn.Finance for example. From the moment the digitally scarce DeFi token made its debut on the exchange, its fallen 65% or more high to low.

YFIUSD Daily Coinbase Death Spiral | Source: TradingView

The nasty-looking chart above is the Yearn.Finance YFIUSD daily chart from Coinbase, showing how devastating the descent has been for anyone who bought just 23 days earlier. Any investors who bought one of the 30,000 YFI tokens to ever exist are now out a full $25K or more at the time of this writing.

Yearn.Finance (YFI) Head And Shoulders Target Lies Deeper Below

The Coinbase chart, however, is only just part of the story. Switching to the charts of platforms where the token was listed for much longer, shows the rest.

From the moment the DeFi token made its debut on Coinbase, began the “head” in a head and shoulders chart formation on YFIUSD charts. The bounce you can see above formed the right shoulder and led to a breakdown of the neckline from such strong downward momentum.

YFIUSDT Daily Head And Shoulders Reversal Pattern | Source: TradingView

YFIUSD has fallen a full 65% from the peak of the reversal pattern, with a target closer to the cost of just one BTC. At its peak, it was worth over four times the price per Bitcoin.

It isn’t clear why a listing on Coinbase led to such fallout in an asset that had seen nothing but upside, but perhaps adding another fiat gateway created a flood gate for profit-taking.

Eventually, funds will flow back into the low supply DeFi token, easily causing its valuation to increase once again. But as investors learned at the top, timing markets isn’t an easy task.

Buying the bottom of YFI wherever that may be is likely to be a lucrative position, but attempt to knife-catch this runaway train could prove disastrous.

A Big Bitcoin Move Ahead as Volatility Hits 3-Month Low: Fund Manager

Bitcoin strategists are waiting for a bias-defining price move as the cryptocurrency’s historical volatility falls to its lowest in three months….

Bitcoin strategists are waiting for a bias-defining price move as the cryptocurrency’s historical volatility falls to its lowest in three months.

Jan Uytenhout, the co-founder of Capriole Investments in Denmark, iterated the outlook in a tweet issued earlier this Wednesday. The fund manager cited old references to show a correlation between the Bitcoin price and its historical volatility index.

He noted that the cryptocurrency undergoes sharp price moves regardless of its direction whenever its volatility falls below 20, based on readings from a technical indicator. For instance, in late July 2020, the BTC/USD exchange rate climbed 11.37 percent, just as its volatility dipped below 20. The chart below illustrates it.

Bitcoin chart showing its price-volatility correlation. Source: TradingView.com

Bitcoin chart showing its price-volatility correlation. Source: TradingView.com

In another instance, the pair dived lower by 12 percent on a lower volatility alarm.

Bitcoin Bias-Conflict

In retrospect, Historical Volatility works least when it comes to predicting future price trends. At best, it merely shows how far an asset has moved away from its moving average price. That shows how even a healthy and trending market can undergo dramatic changes in prices over time amid low volatility periods.

But for traders, a period of low volatility reflects an asset’s inability to return tremendous profits in a short time. That prompts them to seek yields elsewhere or wait for more significant traders to buy the asset en masse, thereby pushing the prices higher.

That partially explains why the Bitcoin market post giant upside/downside candles when its volatility slips into the yellow region, as shown in the chart above.

As the cryptocurrency’s bias conflict remains, traders are now looking at other major market catalysts to guess its next price direction, staring with the ongoing macroeconomic fundamentals.

Stimulus

The Bitcoin market has realized that the ongoing US stimulus talks are playing a significant role in driving its short-term sentiment. In retrospect, the Democrats and the Republicans have failed to finalize the aid that intends to help American households and businesses impacted by the coronavirus pandemic.

The former wants a $2.3 trillion package so it could extend the help to some majorly-battered US states, as well. Meanwhile, the latter wants to limit the deal to $1.6 trillion. After two months of negotiations, the conversation stands stuck also as the US presidential election approaches on November 3.

The New York Times has called it a “dangerous delay” especially when the US job growth has stalled.

Meanwhile, Bitcoin comes into the picture as a defense against the impact of expensive stimulus packages on the US dollar. Investors expect the greenback to turn lower as it did after the first coronavirus relief of $2 trillion. They, therefore, transfer risks to other assets, which include Bitcoin.

The cryptocurrency rose by more than 200 percent from its mid-March low, especially after the US Congress passed the first relief fund.

But now, with the aid drying up, investors are going back into the US dollar market, dumping bullish assets like Bitcoin at their local tops. In Donald Trump’s own words, there won’t be any stimulus deal until the election. So, the cryptocurrency expects to suffer at least until November 3.

Bitcoin is awaiting a breakout from its symmetrical triangle pattern. Source: TradingView.com

Bitcoin is awaiting a breakout from its symmetrical triangle pattern. Source: TradingView.com

Technically, a Symmetrical Triangle formation is also hinting about a big breakdown move in the Bitcoin market. As BTC/USD closes in towards the pattern’s apex, it risks falling by as much as the height of the Triangle. That puts the pair’s downside target somewhere near $9,000.

SEC Bitcoin Blunder: Regulator Accuses John McAfee Of “Scalping”

One of the crypto industry’s earliest supporters and the man who predicted Bitcoin would reach $1 million by the end of…

One of the crypto industry’s earliest supporters and the man who predicted Bitcoin would reach $1 million by the end of this year, was just arrested in Spain for tax evasion.

That man is John McAfee, who was hit with a number of charges from the US government. Among the accusations, is a very incorrect understanding of what the term “scalping” means, as written by a top dog regulator that should know the space inside and out.

John McAfee Nabbed In Spain For US Tax Evasion Charges, No Bitcoin Bet Fulfillment

John McAfee isn’t just a crypto pioneer, he’s an internet pioneer, who first founded one of the most well-known antivirus brands in the world. The man knows technology inside and out, so when he began sharing his thoughts and becoming active in the emerging tech industry of cryptocurrencies and blockchain, people listened.

McAfee has been on the run from the IRS for failing to file taxes for several years, despite making ample earnings from his cryptocurrency project promotions. Back at the peak of the cryptocurrency bubble, rumors claimed that McAfee was paid millions for pushing ICOs via social media.

Also at the peak exuberance, McAfee famously predicted that Bitcoin would reach a price of $1,000,000 per BTC by the end of 2020, or else he would eat his own penis on for the world to see. Since then, however, Bitcoin price has remained under $20,000, let alone one million, and McAfee has been on the run from the IRS – who eventually caught up with him in Spain.

The SEC has also set its sights on McAfee for his involvement in promoting these early crypto projects, but have made a big blunder in their accusations.

BTCUSD Monthly Versus John McAfee "Dickline Target" | Source: TradingView

The SEC Accuses McAfee of “Scalping,” Confusing Crypto Pump And Dumps

The United States Securities and Exchange Commission is the regulatory body setting the rules at which all assets deemed securities, the companies that offer them and exchange them, must abide by.

The SEC warns investors of scams and works to keep markets free of fraud, manipulation, and bad actors. The SEC says that McAfee had misled investors by promoting early crypto projects.

The regulatory entity also incorrectly claims that McAfee had been “scalping” which involves buying a cryptocurrency, promoting it heavily with an intent to sell it, and failing to disclose that plan to sell.

What the SEC is referencing, sounds a lot more like a pump and dump scheme. “Scalping” in trading, is typically a strategy for fast profits where traders jump in, then jump out avoiding volatility by just a hair.

Given that the SEC is responsible for educating consumers, the regulatory body should revisit its internal glossary and use of certain terms to get with the times.

Featured image from DepositPhotos, Chart from TradingView

Bitcoin Could Soon Rocket to $11,900 as Consolidation Phase Nears Its End

It has been a rocky past few days for Bitcoin and the aggregated crypto market. While BTC is stuck within a…

It has been a rocky past few days for Bitcoin and the aggregated crypto market. While BTC is stuck within a bout of sideways trading, altcoins have been facing massive inflows of selling pressure as investors flee “beta assets.”

It does appear that BTC is waiting on the stock market to provide it with some directionality, as it has been closely tracking the traditional market’s every move throughout the past few weeks.

This may mean that, until progress is made when it comes to round two of federal stimulus, the benchmark cryptocurrency will extend its ongoing consolidation phase.

Analysts are still confident that Bitcoin could be positioned to see some notable upside in the near-term.

One trader is specifically setting his sights on a move up towards $11,900 in the near-term, explaining that this level could be where it finds some resistance that slows its ascent.

Another respected trader echoed this sentiment, noting that although he is uninterested in trading the cryptocurrency’s current range, he does believe that BTC will end the year significantly higher than where it is currently trading at.

Bitcoin Struggles to Gain Momentum as It Incurs Choppy Trading

At the time of writing, Bitcoin’s price is trading down marginally as it hovers around $10,700. This is around where it has been throughout the past few days.

One analyst explained in a recent tweet that this current bout of choppy trading is unpredictable and not ideal for trading, but he still anticipates the crypto to end the year higher than where it is currently trading at.

“I’m not that bearish BTC but have no interest in trading this range. I like catching trends. I’m holding long term bags for long term plays, not interested in jumping anything short term. I’m strongly leaning towards us ending the year BTC much higher than here.”

Analyst: BTC Poised to Rally Towards $11,900 in the Near-Term

While speaking about where the entire market trends next, one analyst explained that he expects the cryptocurrency to rally towards $11,900 in the near-term.

He put forth a chart showing this possibility, noting that the crypto is currently trading above a robust support level.

Image Courtesy of Credible Crypto. Chart via TradingView.

The coming few days and weeks should provide some insight into where Bitcoin will trend throughout the rest of the year.

It may primarily depend on how the stock market trends based on news relating to a potential round two of federal stimulus.

Featured image from Unsplash. Charts from TradingView.