Token2049 – CoinFi Interview with Wayne Trench, Octagon Strategy CEO

CoinFi Interview with Wayne Trench
Wayne Trench, CEO of Octagon Strategythe largest digital asset brokerage in Asia, is fascinated by the creative minds that are working on disrupting traditional industries with blockchain, with tokenization. Wayne also thinks that professional money managers like family offices have started adopting the crypto market in 2018. Followed by proper regulatory frameworks in place, institutional demand will come in the future. Watch our interview with Wayne at Token2049 to learn more. 

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How We Earned 31% Profit by Buying Bytecoin (BCN) on HitBTC & Selling on Binance

Bytecoin Binance Listing
Bytecoin (BCN) listed on Binance (BNB) yesterday - arguably the leading exchange in the world, and the price & volume effect was staggering. In a day where Bitcoin (BTC) traded in a 2.7% range, the action in BCN was certainly a stark contrast. Prior to the listing, BCN was hovering around $0.007 (0.7 cents), which implied a market cap of $1.28 billion based on the coin supply of 183.88 billion. And when the listing started, the price went bananas, as you can see in the Binance market chart below.

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Did Bitcoin Hit Rock Bottom? Here’s A Potential Timeline For Recovery

Did Bitcoin Hit Rock Bottom


  • We just experienced/witnessed the 3rd largest Bitcoin drawdown of -65.81% from the highs.
  • In absolute dollars, this is the largest drawdown in Bitcoin history.
  • The current price rut also happens to be the slowest sell-off we have ever faced.
  • Bitcoin took on average 1.5x more days to recover to the previous highs than the NASDAQ Composite did during the tech boom.
  • Based on the “Recovery to Trough Ratio” of 1.69 and 111 days peak to trough for the current drawdown, it may take another 188 days from the low (not until mid-October 2018) before we might near the $20K level again.
  • Bitcoin drawdowns are sharper and faster than drawdowns during the NASDAQ tech bubble, but also take a shorter time before we reach a new peak.

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How You Can Make Risk Free Money By Arbitraging Crypto Pricing

We put together a quick video to show you how you can arbitrage between exchanges and make risk-free money. These arbitrage loopholes will eventually close as more and more traders try to take advantage of them, but because the crypto markets are new and relatively inefficient, at the moment these arbitrages exist all day and you can make 2-3% return on each trade, risk free.

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