Bitcoin Getting Hit Again in Early Trading

Concerns among speculators have grown and Facebook’s decision to ban cryptocurrency and Initial Coin Offering adverts has not gone unnoticed. Eastman Kodak has delayed their launch of KodakCoin. Bitcoin is under pressure early today.

FUD Factor Increasing Nervous Sentiment, Facebook Move Hurts Cryptos

Cryptocurrencies declined on Wednesday as concerns mount in the sector and increase the ‘Fud Factor’. Fear, Uncertainty, and Doubts have escalated. Adding to the nervous sentiment has been the decision by Facebook to eliminate advertising related to cryptocurrencies and Initial Coin Offerings. However, skeptics point out that Facebook may be thinking about issuing its own cryptocurrency in the near future.

Another Downturn in Bitcoin as Questions Grow Loud, Growing Fear Factor

Bitcoin suffered a downturn yesterday, and it has not shown an ability to reverse substantially higher. Bitcoin is around 9700.00 U.S Dollars, and resistance continues to be the 12,000 level. However, the question being heard the loudest is, where the next Bitcoin support ratio rests? While the 9,000 juncture appears to be significant, if Bitcoin stumbles below the 8,700 U.S Dollars level, it will have wiped out its significant gains made the past two months. And if this occurs, speculators who remain in long positions may face tough decisions if uncertainty grows.

Bitcoin Daily Chart
Bitcoin Daily Chart

Eastman Kodak Delays Launch of KodakCoin, Questions of Value Asked

Eastman Kodak which announced only three weeks ago it would issue a cryptocurrency called KodakCoin, apparently is delaying the launch of the tokens. Upon stating its entry into the cryptocurrency world, Eastman Kodak equity doubled in value, but it has started to come under pressure, and a large number of traders are known to be shorting the company now. Critical reports about the valuation of KodakCoin have not been answered well, essentially leaving the venture to blow in the wind temporarily.

Innovations and Challenges in E-Commerce Highlighted

Over 4000 visitors are expected to attend Berlin’s E-Commerce Expo which will take place on the 15th of February, and exhibitors are expected to show new innovations.

  • 15th, Germany, E-Commerce Berlin Expo  

Yaron Mazor is a senior analyst at SuperTraderTV.

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Yaron Mazor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology and education. Ten years ago, Yaron sold all of his businesses and became a trader. Yaron started an education provider that taught thousands of people worldwide how to trade. Since then, he has traded every single day across every imaginable financial instrument Organic Trading System (OTS) is an unprecedented, new paradigm of trading technique, developed by Yaron Mazor. The trading system utilizes a combination of essential resources of market data (Fundamental, market participant sentiment and the basic concepts of trends), which are harmonically coordinated, in order to enable a relatively fast, simple and easy way to decide which side of the market to be trading from – the Buy side or the Sell side.