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Bitcoin confessions of a Wall Street insider is an exclusive one on one interview with Cryptocurrency pioneer and Amazon #1 best selling author Michael Kimelman, an expert on disruptive innovation and personal disruption.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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PAYPAL’S U.K. CUSTOMERS CAN NOW BUY, SELL, AND HODL BITCOIN!!!! ETHEREUM EYES $6.5K TARGET!!!!
💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Global payments giant PayPal disclosed on Friday that its customers in the United Kingdom can now buy, sell, and hold multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), directly from their accounts.
“We are delighted to share that all eligible customers in the UK can now buy, hold, and sell Cryptocurrencies Bitcoin, Ethereum, BitcoinCash & Litecoin from their PayPal accounts. Look out for it in the PayPal app,” the announcement reads.
In other trending Bitcoin News today: Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’!
The success rate for cup-and-handle patterns in forex and stock markets, on daily timeframes, are 65% and 68%, respectively, per a Harvard study.
Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cryptopotato.com/paypals-u-k-customers-can-now-buy-sell-and-hold-bitcoin/
https://cointelegraph.com/news/satoshi-nakamoto-statue-goes-up-in-budapest
Post Views: 316 -
“Bitcoin Could Go to “Bitcoin Could Go to $1,000,000” Says Kraken’s Head of Business | BTC Model Predicting $100K by 2021,000,000” Says Kraken’s Head of Business | BTC Model Predicting 0K by 2021
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Kraken Head of Business Dan Held explains why he believes the Bitcoin (BTC) price could reach $1,000,000.
Dan Held has been involved in crypto since 2013. In his latest interview with Cointelegraph, he dives into the early crypto meetups in San Francisco’s Mission District and explains how the price of one BTC could eventually reach a million dollars.
Bitcoin will become “very boring” Bitcoin is famous for its volatility, but Held thinks that won’t always be the case.
He believes Bitcoin to be digital gold. With that thesis comes the expectation that there will be immense growth in the asset’s market capitalization.
“Bitcoin in its final stages decades from now will be something very boring. Like our grandkids will go, ‘Grandpa, Grandma, I only hear about Bitcoin. Everyone’s got Bitcoin.’ It’s like, who cares? Like it’s a boring investment. It’s like holding cash.”
Held predicts Bitcoin to hold from $5 trillion to $100 trillion dollars of value in its “final stages.”
This would result in a transformation from a highly volatile asset to a “very boring” currency. Held’s belief in Bitcoin is unshakeable.
He’s seen his net worth go up and drop 80% three times. And yet, 90% of his current net worth remains in Bitcoin.
His unwillingness to diversify his portfolio comes from a staunch belief that blockchain technology is only useful for Bitcoin.
“Satoshi purposely built blockchain tech to build Bitcoin. Blockchain tech sucks. It’s terrible. It makes so many tradeoffs to build Bitcoin that it is basically ineffective for almost anything else.”
Under this line of thought, which he calls “Bitcoin minimalism” to spite Vitalik Buterin, he doesn’t see a reason for altcoins to exist.
To Held, altcoins are just experiments that have yet to prove blockchain is useful for anything but Bitcoin.
In other trending Bitcoin News today:
Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021
The Bitcoin Stock to Flow (S2F) model created by the pseudonymous analyst “PlanB” has been a controversial subject over the past year.
A majority of cryptocurrency investors on Twitter seemingly believe in the model, though it’s increasingly come under fire.
Debate about PlanB’s work has come to a head over the past few days as prominent commentators have chimed in.
The model predicts that after 2020’s block reward halving, BTC will rise to a market capitalization of $1 trillion.
That corresponds with approximately $55,000 per coin. It has since been updated with a new regression formula that suggests Bitcoin will reach $100,000 in 2020 or 2021.
PlanB’s updated iteration of the model has a high R squared value of ~95% and is purportedly “cointegrated” with BTC’s price.
Statistics lingo aside, the S2F model’s proponents say that this is a confirmation that the model has credence.
“Why are people dunking on the s2f model just a few difficulty adjustments past the halving? The prediction was that BTC will be $100k before the end of 2021. Declaring victory now is like declaring victory 5 minutes into the game.” – Jimmy Song
“So far, the arguments “debunking” S2F for BTC appear to be just random word-salads by attention seekers. S2F is a valid and vital analysis of Bitcoin price that provides excellent insight into the market.” – Max Keiser
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
In this interview I debunk these arguments:– “S2F is invalid because it doesn’t work for altcoins”
– “Scarcity doesn’t give something value. I own a pair of socks my grandma made of which only 1 pair exists in the world. How valuable does that make them?”https://t.co/YS1pQiVsBs
— PlanB 🔴 (@100trillionUSD) July 3, 2020
Why are people dunking on the s2f model just a few difficulty adjustments past the halving?The prediction was that BTC will be $100k before the end of 2021.
Declaring victory now is like declaring victory 5 minutes into the game.
— Jimmy Song (송재준) (@jimmysong) July 2, 2020
So far, the arguments “debunking” S2F for BTC appear to be just random word-salads by attention seekers.
S2F is a valid and vital analysis of #Bitcoin price that provides excellent insight into the market. https://t.co/diqJfThIg3
— Max Keiser (@maxkeiser) July 3, 2020
Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021
https://cointelegraph.com/news/krakens-head-of-business-bitcoin-could-go-to-1-000-000
Post Views: 343 -
BITCOIN PRICE BACK ON TRACK TO 0K!!! | Ripple (XRP), Litecoin and Ethereum Updates
The Bitcoin price is back on track to hit $100,000, says popular crypto analyst PlanB.
PlanB’s Bitcoin predictions have made it all the way to CNBC.
The stock-to-flow ratio shows the BTC price right on target after nearly running into a ditch.
Stock-to-flow measures the amount of new supply that’s entering the market for a given asset against its current available supply.
It’s often used to gauge the future price of precious metals like gold.
In other Crypto news today:
We bring you the latest Ripple (XRP), Litecoin, and Ethereum Updates.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
News Resources From Today’s Show:
Chinese Crypto FOMO is Bigger than Bakkt, Libra, ETFs Combined
Suppose a popular smart contract wallet that a large portion of the ETH community uses gets hacked. This could be reverted by reverting all chain activity since the hack and doing a DAO-style HF to recover the funds. How much ETH must be at stake for you to support this?
— Vitalik Non-giver of Ether (@VitalikButerin) October 25, 2019
Ahahahahahhaha, now on Chinese CT ” Fuck ETF, fuck Bakkt, fuck Libra, none of these BS will pump, only we Chinese pump with real money, the only way to pump”
(excuse me for the F word… try my best to translate from very Chinese slang)
— Dovey 以德服人 Wan 🗝 🦖 (@DoveyWan) October 28, 2019
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