At the start of each trading session, being ridden cex exchange will receive an email with the author's new posts. Technology exchange and retailer CeX is set to become the first high street retailer in the United Kingdom to integrate bitcoin payments nationwide.
CeX will roll out bitcoin payments at 30 of its UK stores beginning being ridden cex exchange. More stores will join the initial group in coming weeks as staff are trained, the firm told CoinDesk. The move follows a being ridden cex exchange run at its Glasgow location, where a bitcoin ATM was installed and the store leadership conducted a temporary bitcoin-only payments initiative.
In April, CeX began accepting and paying for consumer goods in bitcoin through its website. We want to pay customers selling their technology to CeX as fast as possible and bitcoin is a great solution. Much as we offer cash, not everyone wants a wallet full of bank notes and Faster Payments into bank accounts take at least a day. On BitStamp, we saw a pretty sizeable move down yesterday and on highly elevated volume. The same day we wrote: Bitcoin has plunged 4.
Not surprisingly, this has been on elevated volume, but not necessarily on volume that would suggest a very significant slump. This is still the case — we tend to think that the current slide is a first one in a series of less-pronounced slides, either to happen in quick succession or to be more distributed in time. Based on this, it seems that it might be a good idea to ride on the current wave down if it gets more momentum and then prepare to reposition oneself for possible appreciation.
Right now two scenarios seem worth noting to us. This is what we saw in April-May this year. This is a tricky situation since we might actually see more depreciation now before a move up but we outline the suggested positions later in the alert. On the being ridden cex exchange BTC-e chart, we see that the depreciation has taken Bitcoin visibly down.
This is still what we think about the market. It seems now that the decline might have stopped. If we see a more pronounced decline, it might be a good idea to ride some of it, but not just yet. This is why we keep our suggested being ridden cex exchange limit order unchanged.
Expecting depreciation in the days or weeks to come, we still prefer to be ready for any significant rally which might come after such a slide, hence we also outline a buy limit order below. Trading position short-term, our opinion: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities.
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Decline Stopped, Possibly Temporarily.
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