Rehab Centers Add Services for Crypto Trading Addicts

A high-end rehabilitation facility in Spain has lately begun offering treatment for an addiction to cryptocurrency trading, which is a relatively fresh kind of addiction.

The institution, named “The Balance,” is a Switzerland-founded wellness centre, with its main location situated on the Spanish island of Mallorca along with subsidiaries in London and Zurich.

While it has long treated addictions such as alcohol, narcotics and mental health, it just started providing therapies geared towards fighting crypto trading addiction, according to a report from the BBC.

The Feb. 5 article indicated that one of the center’s customers sought out so that he could “wean off crypto” after apparently pouring in $200,000 worth of transactions per week.

The treatment requires a stay of four weeks and consists of various therapies, massages, and yoga sessions. The bill might be upward of $75,000.

In another area of the globe, Castle Craig Hospital — a Scottish-based addiction rehabilitation clinic treating high-adrenaline crypto traders since 2018 — has seen over 100 clients come in with “dangerous” cryptocurrency issues.

Diamond Rehabilitation, a wellness facility situated in Thailand that began operations in 2019, is one of the establishments in Asia that has launched services devoted to the rehabilitation and treatment of bitcoin addiction.

The business claims it addresses recovery via the use of Cognitive Behavioral Therapy (CBT), Motivational Interviewing (MI) and Psychodynamic Theory (PT), as part of its comprehensive, multi-stage strategy to assist traders conquer their addiction.

It is claimed that the ecstatic highs and shattering lows of the fast-paced, 24 hours a day, seven days a week arena of cryptocurrency trading have brought about a genuine need for rehabilitation clinics that provide assistance for those who are addicted to trading.

According to an article published by Family Addiction Specialist and based on statistics regarding gambling disorders, it is estimated that approximately one percent of cryptocurrency traders will develop a severe pathological addiction, while ten percent will experience other problems in addition to a loss of financial capital.

According to a Family Addiction Specialist, one of the symptoms of this addiction is a persistent need to check the prices online, especially in the middle of the night.


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Bitcoin’s Volume Dominates Performance More than Volatility, Cumberland Suggests

Even though some analysts have stipulated that Bitcoin’s volatility is a cause for concern, crypto trading firm Cumberland believes volume is what matters the most.

Cumberland stipulated that Bitcoin volume “remain absolutely massive,” given that BTC derivatives worth approximately $50 billion are cleared on crypto exchanges daily. As a result, the firm believes that the daily crypto activity might be at least $100 billion, nearly a fifth of U.S. stocks.


Source: Glassnode

As Bitcoin continues ranging between the $19K and $20K zone, volatility has slipped to the lowest level this year.

Nevertheless, Cumberland suggested that the slashed volatility does not show a lack of interest in the crypto space because an analysis of such magnitude “is deeply problematic,” given that it “obfuscates the critical difference between trading volumes and price volatility.” 

The firm added:

“Recent volatility-driven concerns about the health of the crypto space likely stem from comparisons to the bear market of 2018, when volumes were dire. This time is different.”

BTC volatility?

With Bitcoin volatility levels grinding to yearly lows, a surge might be on the horizon, according to Glassnode.

The market insight provider explained:

“The Bitcoin market is primed for a burst of volatility, with both realized and options implied volatility falling to historical lows. Futures open interest has hit all-time-highs, despite liquidations being at all-time-lows.”

There are also indicators that BTC volatility might explode, given that daily Bollinger Bands (BB) continue to tighten.


Source: MatthewHyland

Meanwhile, Caue Oliveira, the lead on-chain analyst at BlockTrends, recently noted that BTC might be gearing towards a significant movement because traders are eager for some change, Blockchain.News reported. 

Image source: Shutterstock


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Bitcoin’s Short-Term Volatility Is Irrelevant Once Investors Understand Its Fundamentals, Says MicroStrategy CEO

As the recent crypto sell-off continues to elicit mixed reactions and concerns, Michael Saylor, MicroStrategy CEO, has told investors that they should not be discouraged by Bitcoin’s short-term volatility.

For investors who see cryptos as a short-term investment and a fast track to becoming richer, their analysis is wrong. In an interview with ‘The Block’ last week after appearing at CoinMarketCap’s The Capital virtual conference, the MicroStrategy CEO said that investors should understand Bitcoin as a long-term investment.

The majority of investors fail to make money because they don’t understand Bitcoin. Saylor said that Bitcoin’s near-term volatility is largely irrelevant once investors understand the fundamentals of the flagship cryptocurrency.

While Saylor suggested that people who have spent at least $100 on Bitcoin can speak about the crypto, he allowed that but indicated that such traders probably “shouldn’t have anything to say about it.”

According to the MicroStrategy CEO: “Bitcoin is the most certain thing in a very uncertain world, it’s more certain than the other 19,000 cryptocurrencies, it’s more certain than any stock, it’s more certain than owning property anywhere in the world.”

Bitcoin is normally considered as almost three times more volatile than traditional investments (like stocks) in the short term. But Saylor thinks that the crypto volatility presents both risk and opportunity for financial investments.

Most small investors fail to reap opportunities in Bitcoin trading because their trade is often based on short-term volatility. They are too pessimistic about downtrends, which eventually affects their decision-making.

The MicroStrategy CEO said that investors should keep a long-time horizon with respect to investing in Bitcoin.

The executive advised investors that they should not feel down that Bitcoin prices are well off their all-time highs.

Seasonal investors don’t take the risk of trading Bitcoin in the short term to increase their gains because their gains will be large enough to satisfy them if they wait long enough.

“My time horizon is a decade or more,” Saylor said in February during an interview with Yahoo Finance Live.

The executive has been putting his money where his mouth is on Bitcoin.

MicroStrategy bought 660 Bitcoins for about $25 million between December 2021 and January 2022 at an average price of $37,865 per coin.

Currently, the firm holds 125,051 Bitcoins valued at about $4.8 billion, which reflects Saylor’s focus on diversifying the software firm into a promising technology.

Image source: Shutterstock


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Bitcoin Volatility Fades Away; Analyst Who Predicted Bitcoin Drop to 35000 Points Out Top Most Promising Privacy Coins

In terms of seasonality, May is considered a relatively successful month for BTC. Given the current risk aversion among investors and the macroeconomic environment, this May may prove to be different. 


Those accustomed to Bitcoin’s extreme volatility are scratching their heads and looking forward to a rally similar to that of last year when the flagship cryptocurrency doubled in price from July to November’s all-time high. What happened to Bitcoin’s legendary volatility? The following are a few possible explanations. 


BTC Is Still Correlated, But to a Lesser Degree


As concerns grow over how aggressively the Federal Reserve should tighten policy to combat decades-high inflation, richly valued tech stocks have been experiencing historic volatility. Bitcoin, however, hasn’t been battered to the same extent.


The chart below measures systematic risk by looking at how Bitcoin’s returns correlate with the market. As of right now, its value is 0.0362, which indicates that it is moving in sync with the benchmark, but not as drastically.




Bitcoin Volatility Vanishes


I wrote in December that institutional investors might dampen the volatility of the crypto market and smooth out the market’s dynamics some time in the future, and it seems we are already witnessing that.


The Average True Range Index, a volatility indicator, shows that Bitcoin volatility has been falling and is currently at its lowest level since December 2020.




Top Performing Privacy Coins 


Over the past three months, the privacy coin sector with a combined value of $8.84 billion has posted an overall gain of 20.24% compared to weak or negative performance by other sectors during the same period.


Haven Protocol (XHV)


Haven Protocol posted the biggest gain over the last three months, rising 135.23%. With a market cap of $75,268,861, it traded at $3.04 at the time of writing.


Built on Monero and including xUSD, the world’s first private stablecoin, Haven aims to become an open, private, and decentralized offshore bank, with a mint-and-burn mechanism that allows users to convert between XHV, Haven’s native token, and its ecosystem of synthetic assets and algorithmic stablecoins.

Source: CoinGecko 


Monero (XMR)


Monero (XMR) is the most popular privacy-centric cryptocurrency based on the CryptoNote protocol, a secure and untraceable system. All of Monero’s transactions remain 100% unlinkable and untraceable thanks to a special kind of cryptography.


XMR was worth $221.24 when this article was written, with a market capitalization of $4,006,536,770. For the past three months, it gained 49.81% and outperformed Bitcoin by 40.49%.


Monero is nearing its tail emission on June 8, which is expected to appeal to the mining community and keep the price of XMR high.


Source: CoinGecko 

Railgun (RAIL)


Railgun provides privacy for trading on DEXs and lending due to its fully Eth layer-1 architecture, which does not use layer 2 nodes or cross-chain bridges to compromise security. It is a smart contract system that gives zk-SNARK privacy to any Ethereum transaction or smart contract interaction.

Railgun allows users to go untraceable when trading, using leverage platforms, or adding liquidity with any Ethereum dApp. 


Currently trading at $3.22 with a market cap of $184,773,805, RAIL is 23.5% away from its record high of $4.20 set in January 2022, so it’s likely it will soon retest the new high. 


Source: CoinGecko 


Zcash (ZEC)

Another privacy-preserving cryptocurrency, Zcash provides anonymous value transfer using zero-knowledge cryptography. The protocol provides the option of shielding transactions to ensure they are completely anonymous, or to make them transparent to show them on the Zcash blockchain. 


It has recently been revealed that Edward Snowden played a key role in the creation of Zcash privacy coin.


Source: CoinGecko 


In the past three months, ZEC gained 31.10% against the greenback and 23.04% against Bitcoin. With a market cap of $1,640,053,535, its price is currently $132.16, up 10% over the past 24 hours. 

Image source:


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JPMorgan estimates ‘fair value’ of Bitcoin at $38K

Amid Bitcoin (BTC) posting a significant price recovery since early February, JPMorgan analysts suggested that the “fair value” of BTC is actually lower than its market price on Tuesday.

The current fair-value level for BTC is around $38,000, JPMorgan strategists said in the bank’s latest investor note published on Tuesday. Led by JPMorgan crypto market analyst Nikolaos Panigirtzoglou, the strategists estimated the “fair value” based on Bitcoin being nearly four times as volatile as gold.

The “fair value” of Bitcoin would rise to $50,000 in a scenario where the volatility level narrows to three times, the strategists suggested, adding:

“The biggest challenge for Bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption.”

At the time of writing, BTC traded around $43,000, or 12% up from the “fair value” suggested by JPMorgan. Bitcoin previously was inching close to $45,000, reaching around $44,900 on Tuesday, according to data from CoinGecko.

While being bearish on Bitcoin’s current “fair value,” JPMorgan’s strategists still forecast that BTC would surge far above $100,000 one day. According to the report, Panigirtzoglou’s long-term theoretical target for Bitcoin stands at $150,000, up from $146,000 forecasted in January 2021.

Related: Wall Street still not convinced on Bitcoin $100K this year: JPMorgan survey

JPMorgan’s analysts also noted that Bitcoin’s price correction in January looks “less like a capitulation” than the one recorded in May 2021, when BTC plummeted 50% from above $60,000 to around $33,000. However, some BTC metrics like futures open interest and reserves on exchanges are pointing to a “more long-standing and thus more worrisome position reduction trend” that began in November, the strategists reportedly added.

The strategists previously released a similar report in November, asserting that Bitcoin’s “fair value” was around $35,000, or about 45% lower than its market price of $63,281.