Topic: Bitcoin, Trump, Cryptocurrency & daily news! (Read 249 times)
What a huge information to share! I got lost from somewhere between Trump and Vietnam. But i must have to say thank you. Gonna read it again with a bright mind tomorrow.
I hope trump will not hinder the development of the cryptocurrency market. I think he still understands that the future of the cryptocurrency and now this tool should be supported.
go on...
What do they say today?
- Yesterday, Mr Joseph - leader of Barclays analysts group said that Bitcoin and digital asset are like infectious diseases "As more of the population become asset holders, the share of the population available to become new buyers — the potential ‘host’ population — falls, while the share of the population that are potential sellers (‘recoveries’) increases. Eventually, this leads to a plateauing of prices, and progressively, as random shocks to the larger supply population push up the ratio of sellers to buyers, prices begin to fall. That induces speculative selling pressure as price declines are projected forward exponentially" - Source: Shutterstock
- Capital Economics, a London-based macroeconomic research firm, has warned that there’s no light at the end of the tunnel for bitcoin investors. They said the No. 1 cryptocurrency will underperform stocks and bonds going forward because it’s “essentially worthless,” according to an updated published by Capital Economics and obtained by CCN. (Source: CCN)
- Capital Economics said 2 days before: “Bitcoin’s correlation with equity prices has strengthened recently, but we think that this will be just temporary. We still think that bitcoin is essentially worthless, meaning that it is likely to fare much worse than other assets in the coming months,” Source: CNBC.
- If Metcalfe’s law applies, the bitcoin price has much further to fall. A group of Zurich-based researchers developed a bubble/crash report, predicting that bitcoin’s market value, which currently hovers at about USD 124 billion, will be slashed by approximately 37% to no greater than USD 77 billion by year-end 2018. It’s all based on a theory known as Metcalfe’s law. Source: CCN
- A team of Bank of America Merrill Lynch (BAML) researchers is arguing that bitcoin is one of the "greatest asset price bubbles in history."
In a note released Sunday, the team led by chief investment strategist Michael Hartnett went so far as to categorize the current market, which has seen a 60 percent correction so far in 2017, as a bubble that is already popping, Bloomberg reported.
The bank published a chart comparing bitcoin with famous financial manias: the Mississippi Company and South Sea Company in the 18th century, gold, the U.S. stock market in 1929 and the Dutch tulip bubble in 1637. Source: coindesk.com
Wow, I could not help laughing when he said yesterday: "A published chart shows that the bitcoin bubble has the greatest asset price appreciation by a significant margin. At its peak, bitcoin's price was nearly 60 times what it had been three years before. Dutch tulip prices only rose by a factor of around 40"
He made an idiot comparison himself between BTC and Dutch tulip crisis
...As for me, keep holding and buy as much BTC, LTC, NEO, EOS as you can. And I shall repeat this slogan 1000 times
to be continued soon
What do they say today?
- Yesterday, Mr Joseph - leader of Barclays analysts group said that Bitcoin and digital asset are like infectious diseases "As more of the population become asset holders, the share of the population available to become new buyers — the potential ‘host’ population — falls, while the share of the population that are potential sellers (‘recoveries’) increases. Eventually, this leads to a plateauing of prices, and progressively, as random shocks to the larger supply population push up the ratio of sellers to buyers, prices begin to fall. That induces speculative selling pressure as price declines are projected forward exponentially" - Source: Shutterstock
- Capital Economics, a London-based macroeconomic research firm, has warned that there’s no light at the end of the tunnel for bitcoin investors. They said the No. 1 cryptocurrency will underperform stocks and bonds going forward because it’s “essentially worthless,” according to an updated published by Capital Economics and obtained by CCN. (Source: CCN)
- Capital Economics said 2 days before: “Bitcoin’s correlation with equity prices has strengthened recently, but we think that this will be just temporary. We still think that bitcoin is essentially worthless, meaning that it is likely to fare much worse than other assets in the coming months,” Source: CNBC.
- If Metcalfe’s law applies, the bitcoin price has much further to fall. A group of Zurich-based researchers developed a bubble/crash report, predicting that bitcoin’s market value, which currently hovers at about USD 124 billion, will be slashed by approximately 37% to no greater than USD 77 billion by year-end 2018. It’s all based on a theory known as Metcalfe’s law. Source: CCN
- A team of Bank of America Merrill Lynch (BAML) researchers is arguing that bitcoin is one of the "greatest asset price bubbles in history."
In a note released Sunday, the team led by chief investment strategist Michael Hartnett went so far as to categorize the current market, which has seen a 60 percent correction so far in 2017, as a bubble that is already popping, Bloomberg reported.
The bank published a chart comparing bitcoin with famous financial manias: the Mississippi Company and South Sea Company in the 18th century, gold, the U.S. stock market in 1929 and the Dutch tulip bubble in 1637. Source: coindesk.com
Wow, I could not help laughing when he said yesterday: "A published chart shows that the bitcoin bubble has the greatest asset price appreciation by a significant margin. At its peak, bitcoin's price was nearly 60 times what it had been three years before. Dutch tulip prices only rose by a factor of around 40"
He made an idiot comparison himself between BTC and Dutch tulip crisis
...As for me, keep holding and buy as much BTC, LTC, NEO, EOS as you can. And I shall repeat this slogan 1000 times
to be continued soon
In the cryptocurrency market, it's really hard to predict the future price. I don't really try looking world beautifully and I deeply understand that hunting tools never hand to anybody but successors, or probably put together with body in the tomb.
However, I have now nothing but belief in charts, to confirm that: It's high time to buy Bitcoin because of long-term support trend line has been pointed out ($6500-$7000)
NOTHING TO SAY NOW BUT BUY ORDER and wait for 3 months later
However, I have now nothing but belief in charts, to confirm that: It's high time to buy Bitcoin because of long-term support trend line has been pointed out ($6500-$7000)
NOTHING TO SAY NOW BUT BUY ORDER and wait for 3 months later
I hope that Trump will prove to be an intelligent man and will not wage war on the crypto currency. It's a dream of all american traders))
The truth of any financial market, not crypto market only, when most of investors have lost confidence in the market and the trading one has been reduced to the lowest level, the bottom appears gradually and vice versa
Let's see when Bitcoin reaches the $20k peak, what did the experts say?
and more:
and more:
Bitcoin to reach $25k in 2018 – Tom Lee (Snr. partner Fundstrat; ex-chief JP Morgan)
and more:
"Bitcoin could definitely see $50,000 in 2018…We will probably go through a suffering period of volatility around the time of Bitcoin’s next $10,000 landmark.” – Jeet Singh"
Jeet Singh: an experienced cryptocurrency fund manager said in World Economic Forum in Davos
and more:
Bitcoin to pass $43K by December 2018 – (Survey by Finder.com)
and more:
Bitcoin Will hit $320,000 someday – Cameron Winklevoss (co-founder, Gemini)
Bitcoin will reach $1million – Bobby Lee (CEO BTCC Exchange)
and the last picture:
and so on...
And now, what do they say?
... to be continued soon
Let's see when Bitcoin reaches the $20k peak, what did the experts say?
and more:
and more:
Bitcoin to reach $25k in 2018 – Tom Lee (Snr. partner Fundstrat; ex-chief JP Morgan)
and more:
"Bitcoin could definitely see $50,000 in 2018…We will probably go through a suffering period of volatility around the time of Bitcoin’s next $10,000 landmark.” – Jeet Singh"
Jeet Singh: an experienced cryptocurrency fund manager said in World Economic Forum in Davos
and more:
Bitcoin to pass $43K by December 2018 – (Survey by Finder.com)
and more:
Bitcoin Will hit $320,000 someday – Cameron Winklevoss (co-founder, Gemini)
Bitcoin will reach $1million – Bobby Lee (CEO BTCC Exchange)
and the last picture:
and so on...
And now, what do they say?
... to be continued soon
According to Busted Falling Wedge pattern, Bitcoin has now touched long-term bottom. Let's see the chart:
even if the 'bottom' has been reached, I don't believe that its price will stop going lower especially if bad news keeps on coming out.
And, the HEAVE is ...here
The next trend line:
According to Busted Falling Wedge pattern, Bitcoin has now touched long-term bottom. Let's see the chart:
Some breaking news today:
1. ETHEREUM'S loss in 2018 could be Bitcoin Cash’s gain according to a new report that combines data from trusted industry-specific sources, and google search popularity - DAVID DAWKINS
2. Twitter has confirmed the reports from earlier this month that it will ban ads for Initial Coin Offerings (ICOs) all around the world. From now on any project that is conducting a token sale will only be allowed to run ads on the social network if it can prove it is legally regulated in the targeted country. Wallets and exchanges will also have a high bar to cross. Source: - https://news.bitcoin.com/
3. The German National Tourism Board has announced that it accepts cryptocurrencies such as bitcoin for its services. The organization promotes German travel destinations with offices in 32 countries around the world. GNTB also intends to implement blockchain technologies in its finances. “We want to be a global innovation driver in the tourism industry,” its chairperson recently stated. Source: - https://news.bitcoin.com/
4. Jordan Hiscott, Chief Trader at ayondo markets told Express.co.uk that the "halcyon days" when BTC gained $1,000 a day in the run-up to US Thanksgiving now "seem long gone”. He said: "Bitcoin moves lower yet again, now trading at $7,900 and down from $13,275 since the beginning of the year. "Certainly the halcyon days of performance gains from 2017 seem long gone, and in my view, this could be the situation for at least six months. "My theory is based on the situation regarding the liquidation of the Mt Gox Exchange, and the appointed trustee to handle the bankruptcy.
Source: - https://www.express.co.uk
5. The Facebook Issues This Year - When the world’s leading social network makes a fair few controversial decisions in a row, the general public is not too amused. The big story has been how Facebook has now banned cryptocurrency advertisements. While the company wants to protect consumers at all costs, that course of action received a lot of criticism. It seems this campaign mainly targets ICOs and token sales. These new business models have caused some regulatory uproar all over the world in the past 12 months. Source: - https://www.newsbtc.com/
6. My country: Could Vietnam be the Future Hub of Blockchain Innovation?
They told us 2 main reasons that:
- Blockchain Provides Potential for Growth
- Regulatory confusion presents a hurdle
And, they concluded: “This presents excellent opportunities for Vietnamese startups to bootstrap their ideas and grow their user base, specifically by tapping in (to) our massive underbanked population,”
Source: https://www.newsbtc.com/2018/03/28/vietnam-future-hub-blockchain-innovation/#
1. ETHEREUM'S loss in 2018 could be Bitcoin Cash’s gain according to a new report that combines data from trusted industry-specific sources, and google search popularity - DAVID DAWKINS
2. Twitter has confirmed the reports from earlier this month that it will ban ads for Initial Coin Offerings (ICOs) all around the world. From now on any project that is conducting a token sale will only be allowed to run ads on the social network if it can prove it is legally regulated in the targeted country. Wallets and exchanges will also have a high bar to cross. Source: - https://news.bitcoin.com/
3. The German National Tourism Board has announced that it accepts cryptocurrencies such as bitcoin for its services. The organization promotes German travel destinations with offices in 32 countries around the world. GNTB also intends to implement blockchain technologies in its finances. “We want to be a global innovation driver in the tourism industry,” its chairperson recently stated. Source: - https://news.bitcoin.com/
4. Jordan Hiscott, Chief Trader at ayondo markets told Express.co.uk that the "halcyon days" when BTC gained $1,000 a day in the run-up to US Thanksgiving now "seem long gone”. He said: "Bitcoin moves lower yet again, now trading at $7,900 and down from $13,275 since the beginning of the year. "Certainly the halcyon days of performance gains from 2017 seem long gone, and in my view, this could be the situation for at least six months. "My theory is based on the situation regarding the liquidation of the Mt Gox Exchange, and the appointed trustee to handle the bankruptcy.
Source: - https://www.express.co.uk
5. The Facebook Issues This Year - When the world’s leading social network makes a fair few controversial decisions in a row, the general public is not too amused. The big story has been how Facebook has now banned cryptocurrency advertisements. While the company wants to protect consumers at all costs, that course of action received a lot of criticism. It seems this campaign mainly targets ICOs and token sales. These new business models have caused some regulatory uproar all over the world in the past 12 months. Source: - https://www.newsbtc.com/
6. My country: Could Vietnam be the Future Hub of Blockchain Innovation?
They told us 2 main reasons that:
- Blockchain Provides Potential for Growth
- Regulatory confusion presents a hurdle
And, they concluded: “This presents excellent opportunities for Vietnamese startups to bootstrap their ideas and grow their user base, specifically by tapping in (to) our massive underbanked population,”
Source: https://www.newsbtc.com/2018/03/28/vietnam-future-hub-blockchain-innovation/#
Some hot news today: (Source: https://news.bitcoin.com/)
- Israel’s ISA Declares Bitcoin Is Not a Security
“As a general rule,” the ISA Committee revealed, “cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.”
- President Pro Tempore of the US Senate, explained, “The CLOUD Act bridges the divide that sometimes exists between law enforcement and the tech sector by giving law enforcement the tools it needs to access data throughout the world while at the same time creating a commonsense framework to encourage international cooperation to resolve conflicts of law.”
- Over the last three days, an event was held in Tokyo Japan aiming to bolster the adoption growth of bitcoin cash (BCH) and on-chain scaling called Satoshi’s Vision Conference (SVC). The event was hosted by the Master of Ceremonies Taariq Lewis, the founder of Aquila, and saw many special guests including Bitcoin Unlimited’s Peter Rizun and Andrew Stone, Bitcoin ABC’s Amaury Sechet, Nchain’s Craig Wright, the Satoshi Nakamoto Institute’s Daniel Krawisz, Centbee’s Lorien Gamaroff, and many more bitcoin cash evangelists.
And on price board:
- Israel’s ISA Declares Bitcoin Is Not a Security
“As a general rule,” the ISA Committee revealed, “cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.”
- President Pro Tempore of the US Senate, explained, “The CLOUD Act bridges the divide that sometimes exists between law enforcement and the tech sector by giving law enforcement the tools it needs to access data throughout the world while at the same time creating a commonsense framework to encourage international cooperation to resolve conflicts of law.”
- Over the last three days, an event was held in Tokyo Japan aiming to bolster the adoption growth of bitcoin cash (BCH) and on-chain scaling called Satoshi’s Vision Conference (SVC). The event was hosted by the Master of Ceremonies Taariq Lewis, the founder of Aquila, and saw many special guests including Bitcoin Unlimited’s Peter Rizun and Andrew Stone, Bitcoin ABC’s Amaury Sechet, Nchain’s Craig Wright, the Satoshi Nakamoto Institute’s Daniel Krawisz, Centbee’s Lorien Gamaroff, and many more bitcoin cash evangelists.
And on price board:
Too much bad news, too many posts arguing whether economic crisis, global trade war, US interest rate increasing might happen or not. So are all these threats really big? Let’s finding out:
About the crisis of 10 years: It’s, as my point of view, very difficult for global crisis to happen at this point of time. The world still finds a balance itself. Trump has had pragmatic, unpredictable actions with the goal of bringing more advantages to the United States. U.S has been no longer as beautiful as it used to be, but rather pragmatic, effectiveness.
And more details:
Let's review the U.S trade deficit over the years:
1. The United States has a huge trade deficit, about $ 56 billion right after Trump's imposition of tariffs on steel and aluminum from China. All countries, including Trump and Xi Jinping know that the United States is suffering. So Trump’s tax policy is just a springboard for negotiations to reduce the trade deficit. Moreover, the crisis can hardly happen at this time when the relating parties are still active.
About the US interest rate increase.
2. US interest rate rises due to inflation concerns. Raising interest rates to attract money into banks, reducing the amount of money circulation, thereby reducing inflation.
Let's review inflation and interest rates over the 10 years of the US.
Inflation has not shown signs of an upswing in the United States during the 2009-2016 period, maintaining a record low of 0.25 percent to boost economic growth. The US government has started raising interest rates since 2016. However, inflation has been declining since then. Experts have predicted that the United States will raise interest rates three times in 2018 and 0.25% each. This is, in my opinion, not too bad for the current market.
Securities, currency and cryptocurrencies are very sensitive to interest rates and exchange rates. The increase in interest rates will take the money supply into the bank, thereby reducing the amount of money flowing into the stock market, housing and other channels, including cryptocurrencies. Monetary policy usually lags about 6 months. Therefore, we need to look more closely at the US interest rate movements in oder to have suitable reactions.
About the relationship among DowJone and BTC/ Coinmarketcap
Looking at the chart for 10 years DJ index increased from 13K to 24K and Coinmarketcap has still finding itself the lowest capitalization of 2017.
Conclusion:
1. Global Trade war may occurs, but The United States and the US economy will benefit more. Short-term psychological effects are essential.
2. Interest rates may increase, but in the long run, when inflation remains stable, interest rates will also be stable.
3. Coinmarketcap has been deviating from the DJ, any moves/ failure actions in the short term such as selling off can be paid in money. In short, my personal portfolio has still been 60% cryptocurrencies and 40% cash (USDT).
Coinmarketcap may recapture the new peak in mid-April or late June 2018 after a long duration of trampling . My portfolio in 2018: BTC, ETH, LTC, NEO, Stellar, BNB, EOS, Cardano, Ripple and some TCASH (lol)
About the crisis of 10 years: It’s, as my point of view, very difficult for global crisis to happen at this point of time. The world still finds a balance itself. Trump has had pragmatic, unpredictable actions with the goal of bringing more advantages to the United States. U.S has been no longer as beautiful as it used to be, but rather pragmatic, effectiveness.
And more details:
Let's review the U.S trade deficit over the years:
1. The United States has a huge trade deficit, about $ 56 billion right after Trump's imposition of tariffs on steel and aluminum from China. All countries, including Trump and Xi Jinping know that the United States is suffering. So Trump’s tax policy is just a springboard for negotiations to reduce the trade deficit. Moreover, the crisis can hardly happen at this time when the relating parties are still active.
About the US interest rate increase.
2. US interest rate rises due to inflation concerns. Raising interest rates to attract money into banks, reducing the amount of money circulation, thereby reducing inflation.
Let's review inflation and interest rates over the 10 years of the US.
Inflation has not shown signs of an upswing in the United States during the 2009-2016 period, maintaining a record low of 0.25 percent to boost economic growth. The US government has started raising interest rates since 2016. However, inflation has been declining since then. Experts have predicted that the United States will raise interest rates three times in 2018 and 0.25% each. This is, in my opinion, not too bad for the current market.
Securities, currency and cryptocurrencies are very sensitive to interest rates and exchange rates. The increase in interest rates will take the money supply into the bank, thereby reducing the amount of money flowing into the stock market, housing and other channels, including cryptocurrencies. Monetary policy usually lags about 6 months. Therefore, we need to look more closely at the US interest rate movements in oder to have suitable reactions.
About the relationship among DowJone and BTC/ Coinmarketcap
Looking at the chart for 10 years DJ index increased from 13K to 24K and Coinmarketcap has still finding itself the lowest capitalization of 2017.
Conclusion:
1. Global Trade war may occurs, but The United States and the US economy will benefit more. Short-term psychological effects are essential.
2. Interest rates may increase, but in the long run, when inflation remains stable, interest rates will also be stable.
3. Coinmarketcap has been deviating from the DJ, any moves/ failure actions in the short term such as selling off can be paid in money. In short, my personal portfolio has still been 60% cryptocurrencies and 40% cash (USDT).
Coinmarketcap may recapture the new peak in mid-April or late June 2018 after a long duration of trampling
. My portfolio in 2018: BTC, ETH, LTC, NEO, Stellar, BNB, EOS, Cardano, Ripple and some TCASH (lol)Jump to: