Experts see upturn of the weekend as negative harbinger

Experts see upturn of the weekend as negative harbinger for Bitcoin

Although Bitcoin was able to climb back up to 18,000 US dollars at the weekend, experts warn caution.

Bitcoin (BTC) today (November 29) broke the $18,000 mark, with the major crypto exchange Binance posting an interim high of $18,209. Despite the upturn over the weekend, investors remain cautious.

At $18,200, the crypto currency is showing resistance in the form of the 10-day moving average (10-Day MA). As Cointelegraph reported yesterday, some experts believe that Bitcoin Evolution will continue to fall before the uptrend can continue at a later date.

Bad sign?

The trader under the pseudonym „Crypto Capo“ had already predicted when Bitcoin had slipped to 16,000 US dollars that it would initially drop back to 18,000 US dollars, which has now proved to be true.

However, this is not good news because, as he told his followers on November 27, when Bitcoin was still at $16,700, he wanted to sell immediately as soon as the market-leading crypto currency was back at $18,000.

When the recovery to $18,000 did indeed follow today, he made a small change of plan by buying new Bitcoin, thus creating a hedge in case the exchange rate goes up against expectations. A first confirmation of his original theory that Bitcoin will fall sharply after the jump to $18,000 would be a drop to $17,400.

If the price were to slide below this mark and then even fall below the 16,800 US dollar mark, a crash to just 14,000 US dollars would be all the more likely.

However, if Bitcoin were to climb above USD 18,400 and then settle at USD 18,200, this would refute his negative forecast, which he considers unlikely, but nevertheless possible. For this reason, he himself is pursuing a double-track approach.

Possible scenarios for Bitcoin

Another trader under the pseudonym „Loma“ takes the same score. After having been positive at a price of USD 17,500, he now claims to have sold almost half of his long position.

The trigger for this step is that Bitcoin, in his opinion, is heading for fierce resistance in the range of 18,200 – 18,400 US dollars. He writes accordingly:

„At 18,080 US dollars I have closed half of my long position. I don’t want to have too much on my books at the end of the week/month. As soon as we climb above $18,400, we will have enough buying opportunities again, but if it goes down, we won’t have many good opportunities to sell“.

There is still hope…

A technical analyst called „CryptoBirb“ adds that Bitcoin usually has two types of returns, either 15% or 30%.

He himself expects a downturn to $14,000, but, like his colleagues, does not believe this is set in stone. To this end, he refers to several technical indicators that support his assumption. For example, Bitcoin would be in oversold territory for the first time in its several-week climbing campaign:

„There are two types of downturn for BTC: either -15% or -30%. I am betting on a decline up to $14,000. It’s the first time we’ve come back to the middle and the first time we’ve been back in the oversold territory since the climb started. These are two VERY strong signs. However, I would be very happy to see a new record high before Christmas. And you?“

In order for the „desired“ upswing to a new record high to become a reality in the near future, Bitcoin would first have to climb above USD 18,400 before consolidating above this mark. Only then could the upswing continue.

Veröffentlicht am
Kategorisiert in Crypto

Le grandi banche pensano che i nuovi mobili siano innovazione

 Le grandi banche pensano che i nuovi mobili siano innovazione, ma si sbagliano

Le vere innovazioni sono un problema serio per le istituzioni finanziarie tradizionali, ma fintech e le startup di crypto hanno la soluzione.

Quando le banche arrivano finalmente a migliorare la loro esperienza tecnologica, non vanno oltre il cambiamento del front end. Faranno un bottone blu al posto del verde o creeranno bordi arrotondati sui bottoni al posto di quelli quadrati. Pensano in termini di interfacce, non di back end. Se una banca dovesse davvero innovare la propria tecnologia, scaverebbe più a fondo nel back end e trasformerebbe la sua infrastruttura Bicoin Billionaire tecnica ereditata, che è rimasta la stessa per decenni. Oggi sono in pochi a sapere come lavorare su quei vecchi linguaggi di programmazione di un tempo, come COBOL, e quindi sono bloccati da aggiornamenti che trasformano il software in un abominio alla Frankenstein.

Le grandi banche non fanno innovazione in casa. I grandi conglomerati tecnologici non innovano nemmeno. Acquisiscono nuove idee, innovazioni e team che hanno già fatto l’innovazione. Quando vogliono una nuova tecnologia non sviluppata come parte del loro portafoglio tecnologico interno, a volte ne parlano con i giornalisti in modo da iniziare a coprirla, il che suscita l’interesse del mercato. E poi le startup iniziano a lavorare sul problema. Vedono l’opportunità e cominciano a raccogliere fondi nel tentativo di eseguire, e le grandi aziende tecnologiche si limitano ad osservare. E poi, uno o due anni dopo, acquisiscono la migliore azienda dello spazio e la rendono parte dei loro conglomerati.

Il modello tradizionale della strategia di sviluppo delle Big Tech è quello di acquisire startup già di successo, in quanto possono farlo senza alcun rischio. Pagano un po‘ di più, ma non hanno il rischio di fallire. La startup e i suoi investitori si assumono tutti i rischi. Facebook, ad esempio, ha acquistato Instagram nel 2012 e WhatsApp nel 2014 proprio per questo motivo. E questi acquisti hanno portato a serie preoccupazioni sul „monopolio dei dati“ di Facebook.

Anche le società finanziarie adottano questo approccio. Tutti i grandi player hanno programmi di accelerazione per questo motivo. Trovano startup, che hanno idee che potrebbero voler incorporare in futuro, e forniscono loro determinate risorse. Le grandi istituzioni finanziarie acquistano poi le idee una volta sviluppate in modo da poterle realizzare.

Le banche devono creare un’infrastruttura per gli asset digitali prima che sia troppo tardi

Se una grande banca cercasse di implementare internamente una nuova tecnologia, potrebbe non funzionare. La struttura aziendale è talmente rigida da non potersi adattare alle nuove innovazioni intrecciate nel quadro della tecnologia e dei protocolli già esistenti della banca. Senza l’agilità e la flessibilità, non può correre il rischio di sviluppare e incorporare nuove tecnologie. La struttura aziendale non innova bene. Adotta commercialmente – cioè coopta – gran parte dell’innovazione di cui ha bisogno attraverso fusioni e acquisizioni.

Le banche dovrebbero concentrarsi sull’implementazione delle innovazioni del mondo fintech, in particolare quelle che garantiscono la privacy dei clienti e garantiscono la sicurezza degli acquisti. Quando la banca cerca di acquisire prodotti, dovrebbe acquisire anche il team e l’infrastruttura aziendale. In questo modo la banca potrebbe iniziare a cambiare senza problemi i suoi processi fondamentali. Esempi di questo esistono già. In un modello, la banca organizza acquisti sicuri lavorando con dati personali e transazioni, mentre una fintech acquisisce i clienti e fornisce il servizio clienti.

L’iniziativa riveduta della direttiva sui servizi di pagamento 2, comunemente nota come PSD2, è una normativa europea per i servizi di pagamento elettronico, che mira a rendere i pagamenti più sicuri e a promuovere l’innovazione in Europa. PSD2 divide tutte le attività finanziarie in due parti: la prima è l’infrastruttura e la sicurezza, la seconda è il front end e l’assistenza clienti innovativa. Questo è un approccio migliore per ora, ma in futuro saranno richiesti miglioramenti.

Veröffentlicht am
Kategorisiert in Crypto

Garlinghouse does not see Ripple’s success depending on the SEC rating of XRP

The Ripple CEO sees the USA as just one of many markets for his company.

Ripple CEO Brad Garlinghouse is convinced that his company will be successful even if the company’s own cryptocurrency XRP should be classified as a security

In the podcast by crypto expert Anthony Pompliano, Garlinghouse spoke about the theoretical effects of a classification of XRP as a security by the American Securities and Exchange Commission, pointing out that such a decision would be in clear contrast to the previous handling in other G20 countries.

Although the Ripple CEO finds it difficult to imagine seeing XRP as a security, he still lets himself into the thought experiment and says:

“So in the event that XRP is classified as a security in the USA, we still have markets in the remaining G20 countries that see it differently. So far I don’t know of any market in the world that classifies XRP as a security. “

Garlinghouse underpins this global view by noting that „more than 90% of RippleNet’s customers are outside the US“. A corresponding classification in the home country of the crypto payment service provider would therefore have little consequence, as the Ripple CEO suggests.

As a reminder:

The company Ripple offers payment services based on blockchain technology, which are based on the company’s own crypto currency XRP. Although Ripple issued the cryptocurrency, it does not directly control it.

The legal status of XRP has been hotly debated over and over again in recent years, with the experienced trader Peter Brandt recently restarting the discussion when he demanded that the cryptocurrency should be viewed as a security.

The American parliamentarian Tom Emmer takes the opposite position, so he said in August that XRP is not a security.

The dispute over the classification of the cryptocurrency even went to court, because several investors have already filed a class action lawsuit against Ripple because they see a security in XRP. Accordingly, the crypto payment service provider should deliberately misrepresent its relationship to the cryptocurrency. In March, Garlinghouse was also the subject of the lawsuit.

The course of XRP is meanwhile unimpressed and instead is flourishing again. The crypto currency was able to climb out of a multi-year price range , but this was almost offset by a heavy loss on Thursday.

Veröffentlicht am
Kategorisiert in Blog

Bitcoin: Hodln almost always profitable

The perma bullish opinion ECHO with Bitcoin content that dreams are made of.

In the traditional financial sector, Bitcoin (BTC) continues to be viewed with suspicion. Courageous avant-gardists such as MicroStrategy, Stone Ridge and Square venture out of cover and announce their Bitcoin acquisition.

An investment in „Orange Coin“ is more lucrative than any alternative

This year alone, the rate of crypto currency No. 1 rose by around 126 percent from 7,195 US dollars to currently 16,200 US dollars. According to the data from lookintobitcoin.com , there are hardly any chances of being in the red with a Bitcoin investment.

Percentage of days a Bitcoin investment is profitable: 99.4%. Time to achieve 100 percent.

What is meant is reaching the all-time high. Logical, because as soon as Bitcoin cracks its all-time high of 19,600 US dollars, all investors who hold Bitcoin in their portfolio will write green numbers. For Hodler this will be the famous I-told-you-so moment.

Preston Pysh makes the Bitcoin professor

Bitcoin grows cyclically. Instead of simply climbing northwards like the proverbial rocket, the course follows boom-and-bust cycles. Why that is, hardly anyone explains as well as podcaster Preston Pysh .

But Professor … When you told me that Bitcoin was a pyramid scheme, you left out the part about the four year halving cycle and the two week Difficulty Adjustments …

Accordingly, the course reacts more strongly than previously assumed to the supply shock of halving the inflation rate. According to Pysh, it is no coincidence that the time between two all-time highs is almost exactly four years, and thus the same time span as the Halvings.

So if this happens every four years, we should be able to see that on the charts, right? Well, yes you can. Here is an example. The last all-time high (ATH) was on December 11, 2017 and the previous ATH was 1,477 days earlier.

Veröffentlicht am
Kategorisiert in Bitcoin

An imminent closing of a CME gap could push the price of Bitcoin to $18,000

Bitcoin bullishers are aiming to close a CME gap to create a path to $18,000.

In the last hour, the price of Bitcoin (BTC) rose to $16,200 to ensure a new high in 2020 of $16,473.
Daily BTC/USDT graph. Source: TradingView

The 6.62% movement brings the highest ranking digital asset closer to closing a CME gap in the $16,465 to $16,570 range and a growing number of analysts expect the price to exceed the $17,200 level if the CME gap is closed.

Despite the excitement surrounding Bitcoin Code platform rise to a new multi-year high, Cointelegraph contributor Micheal van de Poppe indicated that Bitcoin has quickly climbed to new highs without setting strong support levels.

Two „orphan“ blocks in the Bitcoin Blockchain were formed consecutively

Van de Poppe said:

„Many levels below the current price are not proven in the weekly time frame. A healthy way to build a new cycle is to test the previous resistance levels as new support areas“.

The analyst also said that the Fear and Greed Index has reached the „Extreme Greed“ level, which can be interpreted as a sell signal according to Van de Poppe.
Fear and Greed Index Source: Digital Assets Data

Bitcoin’s impressive rise to $16,465 comes as the Dow and S&P 500 closed the day in the red with a 1.08% and 0.97% loss.

While stocks had initially risen after President-elect Joe Biden was declared the winner of the U.S. election, in recent days coronavirus infections have risen to a record 150,000 per day, which in turn has made investors fear a new phase of the economy’s closing.

A bill on cryptoactives was presented to the Argentine Congress

It is also possible that President Trump’s refusal to concede the election and the prospect of a divided government under a Biden administration may weigh negatively on investor confidence in the future of traditional markets.

Bitcoin has largely ignored the drop in shares and the increase in COVID-19’s circulation, and as of the close of this edition, the crypto currency has risen 26.78% in November and 127.7% so far this year.
Profitability of the current year of the macro assets (%) Source: Skew

Bullish news such as PayPal’s announcement that it has eliminated its waiting list for customers looking to trade in cryptosystems surely works in Bitcoin’s favor.

According to PayPal, payments in cryptomonies will soon be available to 26 million traders worldwide and the payment giant has also raised the trading limit for US-based customers from $10,000 to $20,000 per week.

Apple should invest a portion of its cash reserves in Bitcoin, says Dan Weiskopf

Since PayPal has a huge user base, analysts are on the lookout for an influx of new Bitcoin investors as this will likely result in increased demand and drive the price up even further.
DeFi 2.0?

In other news, the resurgence of DeFi continued as Uniswap again recorded a strong increase in liquidity, taking the figure to a record $3.2 billion.
Uniswap liquidity (USD).

The DeFi Pulse data also shows that the total value locked in the DeFi platforms has shot up to $13.65 billion. This is another sign that investors are rekindling their interest in DeFi tokens, farming projects and many other opportunities that exist in the industry.
Total value locked in DeFi (USD).

Although the price and volumes of Bitcoin on an assortment of DeFi platforms have been increasing, altcoins have made marginal gains. Ether (ETH) was up 1.29%, trading above $460 again, and Cardano (ADA) was up 7.97%. Chainlink (LINK) was one of the strongest, up 12% at $12.65.

According to CoinMarketCap, the market capitalization of cryptosystems now stands at $466.5 billion and the Bitcoin dominance rate is 65.4%.

Veröffentlicht am
Kategorisiert in Bitcoin

I gemelli Winklevoss diventano miliardari ancora una volta come bitcoin surge.

I gemelli Winklevoss sono tornati ad essere miliardari dopo che il prezzo del principale bitcoin di criptovaluta ha raggiunto il suo livello più alto dal gennaio 2018.

I gemelli Winklevoss sono diventati nuovamente miliardari dopo che il prezzo del principale bitcoin di criptovaluta ha raggiunto il suo livello più alto dal gennaio 2018.
Secondo l’indice Bloomberg Billionaires, ognuno dei gemelli Winklevoss vale circa 1 miliardo di dollari. Tyler e Cameron Winklevoss hanno acquistato bitcoin per un valore di 11 milioni di dollari nel 2013, secondo il New York Times, e presto sono diventati evangelisti, creando lo scambio di criptovalute Gemini Trust Co. Ltd. I fratelli 39 anni, che hanno guadagnato una grande fama dopo l’uscita del film del 2010 „The Social Network“, sono diventati per breve tempo miliardari nel 2017, quando i Bitcoin sono saliti a un record prima che la valuta volatile precipitasse.

I gemelli Winklevoss rimangono rialzisti sul bitcoin.

Il prezzo del Bitcoin è guidato da tutta la stampa monetaria e dall’incertezza del mondo in questo momento“, ha detto Tyler Winklevoss, che è l’amministratore delegato di Gemini, in una dichiarazione. Il prezzo del bitcoin ha raggiunto il suo livello più alto dal gennaio 2018. L’amministratore delegato di Gemini aveva già twittato in precedenza che i pacchetti di stimolo da parte dei governi statunitensi sono pubblicità gratuita per il bitcoin, in quanto un maggiore afflusso di denaro sul mercato deprezzerebbe il valore del dollaro USA.

Il fatto che la banca federale possa stampare dollari dal nulla dimostra la validità del bitcoin. In precedenza, Winklevoss aveva già fatto presente l’impatto dei massicci pacchetti di stimolo sull’economia e sul dollaro USA.

„Il bitcoin sarà l’unico rifugio in futuro“.
Tyler Winklevoss aveva già twittato in precedenza: „Gli Stonks non amano niente di più di quando la stampante di soldi fa brrrr come un facocero A-10“. È una vera e propria dipendenza che non finirà finché non sarà necessario. Quando ciò accadrà è difficile da prevedere, ma ciò che è certo è che il Bitcoin Pro sarà il vostro unico rifugio“. Il cofondatore dello scambio di crittografia Gemini ha detto che la Casa Bianca sta proponendo una nuova campagna pubblicitaria da 1,8 trilioni di dollari per Bitcoin. Al momento di scrivere, il bitcoin sta cambiando di mano a poco più di 15.500 dollari.

Veröffentlicht am
Kategorisiert in Crypto