PR: ITT – Here to Discover, Decipher and Deliver Actionable Crypto Trading Alerts for All
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Introducing Intelligent Trading Technologies (ITT), an innovative platform created to assist crypto enthusiasts of all skill levels navigate the alluring yet perilous waters of the crypto world. Access to a large volume of high quality information is essential to the maintenance of a “winning edge” in every market, but the lack of any semblance of “safety net” coupled with the bizarre world of multiple exchanges, arbitrage, ICOs, forks, airdrops, and with the transient nature of the sector as a whole, amplifies that need acutely. This leads to a paradox in which information is desperately needed but any attempt to find such information results in a deluge of information the filtering of which is impossible for all but the most brilliant of traders. Barring those savants, most traders quickly reach a point at which they can no longer process the torrent of data presented to them and therefore cannot make informed, fully rational, decisions. The ITT platform is poised to become the calm in the center of the storm, a beacon of knowledge and confidence for anyone overwhelmed by the sheer enormity of the crypto markets and their associated information (i.e. everyone).
Investing in cryptocurrency is not a decision one should make lightly. The promise of easy money can blind a person to the very real, and statistically larger, potential to lose money. A lot of money. The pull between the reward and the risk, the fear of missing out on a bull run and the fear of failing to recognize the signs of a bear sell off, the excitement for the promise of distributed ledger technology/directed acyclic graph technology and the fear of glitchy code that can erase millions of dollars in the blink of an eye, coupled with the lack of information or fear of misinformation is enough to keep people on the sidelines and can paralyze even the most seasoned veteran. Fundamentally there is an unparseable mass of conflicting information and the risk of the known unknowns and the unknown unknowns is a risk shared by everyone. Until now. By pairing traditional trading concepts with cutting edge pattern recognition, the ITT platform is able to continuously scan, examine, and interpret information from the crypto markets, taking a firehose of information and turning it into a manageable data set , giving traders as close to a perfect execution strategy to optimize successful trading.
The Inspiration for Intelligent Trading Technologies
Intelligent Trading Technologies was inspired by the needs of its creators. More than a year ago, they began to actively trade in the cryptocurrency markets. They were quickly overwhelmed. Crypto was nothing like they had experienced before and they found themselves spending far more time attempting to isolate the signal from the noise in the crypto markets than they had in any other market they traded in before. The fact that at least one new crypto seemed to pop up each day, the formation of which resulted in numerous loud opinions, many from influential market participants, touting the new currency’s benefits or viciously pointing out its faults didn’t help matters.
Creating the ITT platform was simply their solution to their own struggles and frustrations that stemmed from the ever-expanding cryptocurrency market and their desire to trade in it; but, as is usually the case, necessity became the mother of invention, and they soon realized that the ITT platform was a useful service that could aid cryptocurrency traders across the globe.
“Intelligent trading requires a perfect union between man and machine. Our algorithms run millions of computations per second to deliver only concise and actionable alerts to you.” – Tom Counsell, Head of Engineering and Innovation.
The People Making Intelligent Trading Technologies a Reality
The ITT team is comprised of professionals in artificial intelligence, asset management, capital markets, trading, algorithmic trading, quantitative finance, securities law, and software development. ITT strives to maintain a lead over any competitors by staying up to date with the latest technological advancements in the mechanics of trading, the underlying theories of technical analysis, and progress in the field of AI, and attempts to integrate any such advances into its platform. That being said, Intelligent Trading Technologies do not shy away from forming mutually beneficial partnerships with established companies in the industry if the partnership can enhance or benefit the ITT platform in meaningful ways. This kind of collaboration allows Intelligent Trading Technologies to optimize the ITT platform for its users. In other words, when it comes to improving the platform, the ITT team doesn’t let ego gum up the works. Perfection is the goal, and they are committed pursuing that goal no matter what.
How Intelligent Trading Technologies Can Help Individuals Trade More Effectively
In theory, creating trading alerts seems like an easy task. One simply employs a few savvy traders to analyze existing data and use whatever conclusions said traders have arrived at to determine the perfect time to buy the right cryptocurrency. Unfortunately paying traders with the requisite skill set for such work is cost prohibitive for anyone other than institutions. At the same time, even the most experienced trader at the most elite hedge fund would likely falter when first introduced to the crypto space. Bitcoin has existed for less than a decade, and how many “elite traders” even knew that there were cryptocurrencies other than Bitcoin until at the earliest two years ago? The industry didn’t really explode until 2016. which means that the majority of people actively trading have less than three years experience in cryptocurrency. It is safe to say that what is an easy task in theory is nearly impossible in an industry as new, as big, and as volatile as cryptocurrency is, at least when you rely on humans alone. These are the reasons that the ITT Team has spent countless hours and hundreds of thousands of dollars perfecting trading techniques and developing an AI to isolate the signal from the background noise. The combination of AI and market trading algorithms is the only truly effective way to manage a market as complex as this one.
A Tangible Example of what the ITT Platform Can Do
Inexperienced traders may do their homework and discover a cryptocurrency of a company whose tech they like but they probably haven’t considered that buying crypto isn’t as easy as buying a stock on the NYSE, they have to find the right exchange to purchase said crypto–which may necessitate a transfer into one or more different currencies–until they can even place a trade for the crypto they wanted to buy in the first place. It is highly likely that the distraction of joining new exchanges, trading into intermediary currencies, and waiting for block confirmation of currency transfers will keep such traders from properly accounting for currency risk, the local time in which such an exchange (or even the target company) itself is located in, or the proper route to use to get profits made, if any, back to their native fiat currency. They are simply not going to know the perfect time to make the purchase. Obviously this is highly inefficient, not to mention frustrating, and leads to emotional trading decisions instead of logical and rational ones. ITT’s platform helps individuals trade better by indicating the ideal entry points for a given Crypto, and can help them to time and execute entries and exits. This way they will be able to make sound investment decisions based on analytical reasoning instead of emotional reactions.
Experienced investors benefit as well because they will instantly understand the efficiency of the ITT platform as it decreases the amount of time that they must spend observing various markets, calculating execution times, conversion routes and block confirmations each day, freeing them up to look for new targets. The ITT platform is more than just a simple trading assistant; it’s a means to encourage success in the cryptocurrency markets.
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About Intelligent Trading Technologies:
Intelligent Trading Technologies (ITT) is developing an artificial intelligence-powered trading assistant for the cryptocurrency markets. ITT’s Platform pairs traditional market trading concepts with today’s cutting-edge pattern recognition and machine learning capabilities. These technologies allow the software to continuously scan, analyze, and interpret the massive amount of information available, delivering game-changing trading ideas to you to execute
If you’d like to get in touch with ITT, you can do so on any of the following channels:
• Facebook: https://www.facebook.com/ITT.Token
• Twitter: http://twitter.com/ITT_Token
• Github: https://github.com/intelligenttrading
• Reddit: http://reddit.com/r/ITT_Token
• Telegram: https://t.me/intelligenttrading
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The information provided herein does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of the content as such. ITT does not recommend that any cryptocurrency should be bought, sold or held by you and nothing in this article should be taken as an offer to buy, sell, or hold any cryptocurrency. Do conduct your own due diligence and consult your financial advisor before making any investment decision
Contact Email Address
[email protected]
Supporting Link
http://intelligenttrading.org/
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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This Week in Bitcoin: Who Do You Believe?
The bitcoin space is a constant battle of truth versus untruth, rumor versus fact and optimism versus pessimism. With market manipulators up to their usual tricks and salty altcoiners crying FUD, it can be hard to tell what’s real and what’s fake. This week truly had it all: keks, lies, and videotape beamed live from the U.S. Senate. Throw in the obligatory multi-million dollar hack, and you’ve got all the makings of another seismic week in bitcoin.
Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License
The Rumor Mill Goes Into Overdrive
The week started with rumors that China was banning bitcoin – yes, again. Not only that but they would be cracking down on mining too and laying the banhammer in Hong Kong into the bargain. It turns out the story was actual fake news, but that didn’t stop a couple of lesser publications from running with it. It was an elaborate hoax that showed much more sophistication than the average Nigerian phishing email, and was clearly an attempt at shorting the markets for monetary gain. As we reported:
The objective of the bogus email’s senders was to spread rumours and panic, in the hope of manipulating the price of bitcoin, after taking short positions on bitcoin futures and betting that the price of bitcoin will fall, said Leonhard Weese, president of the Hong Kong bitcoin association.
Discrediting fake news is one thing, but what about news that’s yet to occur? Who do you believe when it comes to predicting bitcoin’s future movements? Two very different sources gave their views on where bitcoin’s headed this year, one pessimistic, the other largely optimistic. While a central banker was trotting out the usual apocalyptic proclamations about bitcoin being a Ponzi and a disaster, a group of luminaries were predicting more positive price movements for the year ahead.
Bitcoin Gets The Hero It Deserves
Tuesday saw the Senate hearing on cryptocurrencies, which was interpreted as mostly positive for bitcoin, despite SEC chairman Jay Clayton opining that every ICO to date has issued tokens that constitute a security, not a utility. The hearing was also noteworthy for the first recorded usage of the word “HODL” in the U.S. Senate, a feat which made an instant hero of CFTC chairman Chris Giancarlo, whose Twitter follower count “did a bitcoin” and grew exponentially in the aftermath of the hearing.
Other major stories that got heads talking this week include Forbes’ Crypto Rich List which is either harmless fun or a gross invasion of privacy depending on your perspective. Weiss Ratings defended its decision to give bitcoin a C+, and there was good news from Korea, where the PM confirmed that crypto exchanges are in no danger of being shut down provided they play by the rules. As always, you’ll catch the best of this week’s stories in the This Week in Bitcoin podcast, embedded below.
Bitcoin Springs a Bear Trap
It looked like bitcoin was back on track after a glorious green candle sent it scurrying above $9k, but the joy was to be short lived. Possibly feeling the effects of the global slump induced by the sliding stock market, bitcoin was dragged back into the low $8k territory, where it’s been floundering every since. Eric Wall sees a clear correlation between the crypto markets and the U.S. stock market. Watching the bitcoin price ticker rise and fall can be heart-stopping stuff; you can’t blame Steve Wozniak for tapping out and selling the bulk of his BTC.
Finally, Ripple came in for scrutiny after Bitmex Research revealed just how centralized the XRP is, and the IOTA mafia were out in force after Andreas Brekken dared to deliver a few home truths in his latest shitcoin review. Still, better to be an irate IOTA holder than a Nano holder with your XRB in Bitgrail. $170 million of cryptocurrency lost due to a withdrawal bug that was mercilessly exploited for months. Next week can we please have no hacks, no phishing attacks, no bulls, and no baseless cries of “FUD”?
What was your favorite story from this week in bitcoin? Let us know in the comments section below.
Images courtesy of Shutterstock, and Twitter.
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The post This Week in Bitcoin: Who Do You Believe? appeared first on Bitcoin News.
The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC
Last year bitcoin had a phenomenal run leading up to its all-time high of $19,600 per BTC this past mid-December. The price over the past few weeks had since dipped to a low of $5,900 on Monday, February 5, losing close to 65 percent of its value in a short period. The dip has ‘rekt’ a lot of cryptocurrency traders but the ‘richest bitcoin holders’ have gained thousands more BTC taking full advantage of these significant price variances.
Also read: Following Money Through the Bitcoin Laundry Is Not So Easy
Bitcoin Whales Use Big Price Swings to Accumulate More Wealth
Cryptocurrency enthusiasts understand that digital currencies often fluctuate in price and over the years many traders have been able to take advantage of these swings. Essentially if a trader can guess the top and sell their bitcoins, then follow that maneuver by buying back in at the bottom, that individual can gain a lot more coins. One particular group of BTC holders that have taken advantage of these swings time and time again — are the top 100 richest ‘bitcoin whales.’ The individuals or groups of people known as bitcoin whales hold vast quantities of cryptocurrency and they can sometimes use their assets to ‘move the market.’ According to data collected from Bitinfocharts.com most of the 100 richest BTC addresses haven’t lost any money during the last 65 percent dip — In fact, their stacks of BTC increased exponentially.
The Richest Address Has Gained An Exponential Number of Bitcoin’s Since 2016
Take for instance the owner of the most substantial amount of bitcoins located in one address which currently holds 167,000 BTC at the time of writing. The wallet started collecting BTC approximately two years ago when the address recorded its first deposit of roughly $840 dollars worth of BTC. Now there is $1.4 billion USD worth of BTC held in the wallet as thousands of coins have been collected since its inception. Coincidentally this bitcoin whale has been able to acquire a lot more BTC during each meteoric rise in value, and the typical dumps that follow soon after. In 2017 there have been six ‘major’ corrections that have seen BTC lose over 30 percent or more of its value, and this particular whale has gained more funds every single time.
‘Whale Sightings’ and Speculating Collusion
Many of the wealthiest bitcoin addresses besides wallets that have been dormant for years have followed the same pattern. These bitcoin whales have been able to accumulate more bitcoins due to catching the highs and lows at precisely the right time. Perusing through the top 100 richest addresses shows many of them sold thousands of BTC at once between November and December 2017. Bitcoiners have had many ‘whale sightings,’ and you can often see forum posts and Twitter conversations concerning these market movers during big price spikes and subsequent dumps. For example, on November 12, 2017, when cryptocurrencies were reaching new price highs, blockchain spectators noticed 25,000 BTC was sent to the exchange Bitfinex.
The most affluent bitcoin holders have been a controversial subject for quite some time. Mainstream media likes to assume that 1,000 addresses own more than 40 percent of the market. Some speculators believe whales can even contact each other, which could lead to enormous BTC market movements. Kyle Samani, the managing partner at Multicoin Capital, believes this theory and states:
I think there are a few hundred guys — They all probably can call each other, and they probably have.
The Data Collected from the Richest Addresses to Depict Wealth Distribution Always Fails
However, a research report published last fall reveals that the assumption that “1,000 people own 40% of the BTC market” is false. According to data collected by the Bambou Club, many models of the current distribution of bitcoin wealth that analyze wallets and addresses usually “always fail.” Bambou Club says that the issue with most data estimates is they fail to recognize the relationship between the owner, wallet, and address. “It is not necessarily 1: 1: 1,” explains the report.
“That is to say, it is not true by definition that one person has one wallet that uses a single bitcoin address,” the trading analysis group Bambou Club notes.
For a start, a person may hold many bitcoin wallets. And a wallet can make use of many bitcoin addresses. (Indeed it is advisable to generate a new address every time you use your wallet for reasons of anonymity.) So the relationship can be 1: Many: Many.
Whales Are Getting Bigger, But It Only Takes 15 BTC to be In the Top One Percent
Essentially using a different method of data collection, Bambou Club derived the distribution of global wealth and the global ownership of bitcoin numbers, then the researcher mapped the wealth distribution to calculate a better bitcoin distribution analysis. According to the study, there are more than 25 million bitcoin owners, and it only takes 0.153 BTC to be placed in the top 30 percent most affluent bitcoin owners. Moreover, you only need “15 BTC to be in the top 1 percent,” the data reveals.
While it’s true bitcoin whales are continuing to accumulate BTC over time, mainstream media’s portrayal of the 1 percent is a bit skewed according to a different method of analysis. We don’t know if the whales work together to move the price other than mere internet speculation. But we do know that over the course of various market fluctuations over the years, and especially this past 70 percent dip, many of them have become much larger fish in the sea of bitcoin wealth distribution.
What do you think about bitcoin whales taking advantage of large price spikes and corrections to accumulate more BTC? Do you believe the BTC wealth distribution is too concentrated or do you think that Bambou Club’s analysis is more correct? Let us know your thoughts on this subject in the comments below.
Images via Pixabay, the Great Wall of Numbers, Bitcoin.com, Bambou Club, and Bitinfocharts.com.
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