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Vitalik Buterin enters ‘Beast Mode’ with the deadline for the gradual launch of Ethereum 2.0 just around the corner.
In other Cryptocurrency news today:
The Bitcoin price pumps to $8,800, only to crash $500 back down to $8,800 in a ‘Logistical Move’ according to Crypto trader Scott Melker.
Are Altcoins ready to explode?!
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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:
https://cointelegraph.com/news/bitcoin-price-hits-88k-only-to-crash-in-a-logistical-move-trader
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MAX KEISER BITCOIN PREDICTION: MILLIONS OF PEOPLE WILL LOGICALLY BUY BTC INSTEAD OF PAYING TAXES!
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RT host of the Keiser Report, BTC pioneer Max Keiser shared his latest Bitcoin prediction on Crypto Twitter in the following recent tweet:
“We’re in a post nation-state, post sovereign currency as entire world becomes obsessed with Bitcoin. PREDICTION: Millions of people around the world will logically buy BTC instead of paying taxes. Governments will be powerless to stop this.”
When it comes to an actual BTC price prediction, Max also shared the following:
“Just to be clear, the risk of buying Bitcoin today HAS NEVER BEEN LOWER and the upside is still huge, like 80x. This is why institutions are pouring in now. The risk has never been lower.”
For BTC to 80x from the time of his bullish prediction, would put the Bitcoin price at about $1.4 million per BTC.
In other trending Bitcoin News today:
Macro Guru Raoul Pal Reports Game-Changing Crush of Institutional Money Pouring Into Bitcoin, Updates BTC Price Prediction
Former Goldman Sachs fund manager and current Real Vision CEO Raoul Pal says he’s witnessing an unprecedented crush of institutional money buying Bitcoin.
In a new interview with CT’s Giovanni Pigni, Pal says BTC’s return to near $20,000 levels is just the beginning.
“From what I know, and I know a lot of people in the industry, they are all onboarding institutional clients, family offices, endowments, at an enormous pace. But $20,000 here is not the same as $20,000 back then [in 2017]. Back then it had gone up 100 fold when it got up to $20,000, we haven’t even started this yet.
Later on, when things get speculative, we will see something similar potentially play out. But the difference is, where these guys are getting it wrong, is they’re saying, ‘People aren’t as interested.’ Ya, but the real money is interested and that’s a game changer.”
Pal says Bitcoin is one of the most unique trades he’s ever seen, and the top cryptocurrency will likely benefit in the months ahead regardless of which direction the global economy takes.
“Regardless of what’s going on, that money is coming. Let’s look at the reasons. I have a feeling the vaccine takes until Q3 next year before it’s really rolled out. We look at the European economy, it is falling fast. I don’t know how they’re going to deal with Christmas and the New Year. The US economy has got the same problems.
I think it goes into lockdown in January and February once the Biden administration comes in because the virus over Thanksgiving, New Year, and Christmas is going to grow substantially. I think we’ve got problems in India after Divali, where you’ve got hundreds of millions of people together celebrating and I think we’re going to get a big second wave in India.”
Pal is updating his prediction for the current Bitcoin cycle. He says $150,000 is likely on the low-end, but he believes PlanB’s controversial estimates in the upper $250,000 range may end up being too conservative.
“If I was to be conservative, I’d say $150,000. If I’m to be realistic knowing what I know about the flow of funds, I have a feeling that PlanB’s model is going to underprice the upside. I know everybody thinks on this cycle the price will be lower. I just don’t see it because of the amount of money coming into the space.
I actually have a feeling it might be above his target of about $250,000 but I don’t know. But I like that optionality. Worst case $150,000, best case north of $250,000. I mean, find me another trade in the world that looks like this.”
Pal, who is a longtime crypto investor, says he can afford to take a big risk on Bitcoin and now has about 75% of his liquid net worth in BTC.
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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:
Ok, last bomb – I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I dont own anything else (except some bond calls and some $’s). 98% of my liquid net worth. See, you can’t categorize me except #irresponsiblylong Good night all.
— Raoul Pal (@RaoulGMI) November 30, 2020
We’re in a post nation-state, post sovereign currency as entire world becomes obsessed with #Bitcoin PREDICTION: Millions of people around the world will logically buy BTC instead of paying taxes.
Governments will be powerless to stop this.
— Max Keiser (@maxkeiser) November 29, 2020
Post Views: 487 -
JP Morgan: Bitcoin’s ‘Biggest Enemy’ – Suddenly Appears To Be Going All In On BTC | K Bull Trap?
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BITCOIN NEWS TODAY: Earlier this month, JP Morgan signed Coinbase and rival BTC and crypto exchange Gemini after a lengthy vetting period, it was first reported by the Wall Street Journal.
JP Morgan approved the two Bitcoin exchanges’ accounts last month and is already processing transactions—potentially signalling the end of the crypto industry’s banking woes.
The bitcoin and cryptocurrency community has complained for years that banks including J.P. Morgan have denied them services and blocked accounts that dealt with crypto businesses.
Meanwhile, it has emerged Jamie Dimon has been hosting secret meetings with Coinbase chief executive Brian Armstrong since 2018, author Jeff Roberts revealed in his book, Kings of Crypto.
“Ironically, Brian Armstrong and Jamie Dimon of J.P. Morgan—who was the biggest enemy of bitcoin and has pissed on it for years—it turns out they were having secret meetings in 2018 at J.P. Morgan’s headquarters,” Roberts told Laura Shin’s Unchained podcast while promoting the book, which charts Coinbase’s rise to the top of the crypto industry.
However, J.P. Morgan’s interest in cryptocurrencies might not extend all the way to bitcoin quite yet.
“We are supportive of cryptocurrencies as long as they are properly controlled and regulated,” Umar Farooq, JP Morgan’s head of digital treasury services and blockchain, said back in 2017. J.P. Morgan launched its own answer to bitcoin last year, JPM Coin.
Unlike bitcoin, JPM Coin is pegged to the dollar and aimed at speeding up and reducing the costs of global payments.
Meanwhile, some have accused Coinbase’s Armstrong as being “skeptical” of bitcoin while working to promote other blockchain networks and cryptocurrencies such as ethereum.
“I’m sure he would deny it, but it’s interesting to me that the CEO of the world’s most prominent bitcoin-related company seems so skeptical of bitcoin,” said Bloomberg editor and analyst Joe Weisenthal, commenting on a Twitter thread by Armstrong suggesting it might not be bitcoin that pushes the cryptocurrency ecosystem into the mainstream.
Despite J.P. Morgan’s softening attitude toward bitcoin and crypto, the nascent technology is still fighting an uphill battle.
In other trending Bitcoin News:
$10,000 Bull Trap? Why Bitcoin Price Is Now Likely to Pull Back
Bitcoin price is up 25% for the month of May, but is a pullback now imminent?
Starting out on the monthly, we can see that Bitcoin grew in value by nearly 25% in the month of May.
This is always a nice thing to see. However, since the March 12 dump, it’s nothing for long term hodlers to get excited about just yet.
Nevertheless, as the one month candle is due to open above the .382 fib retracement level, a move up towards the .618 of $13,700 is something to be excited about.
With that being said, let’s not get ahead of ourselves, we first need to claim $11,800, and one cannot ignore that a move to the downside is always a possibility for the king of cryptos also.
As things stand, if June was to be bearish, a pullback to between $7,400 and $7,600 is where I’d be placing some buy orders, and that is what I’ll explain today.
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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://cointelegraph.com/news/10-000-bull-trap-why-bitcoin-price-is-now-likely-to-pull-back
Post Views: 389 -
Why Bitcoin Price Could Rally 100% to ,000 by 2020 Halving | Painful Update to Crypto Investors
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The Bitcoin price hasn’t fared too well over the past week; after hitting $10,000 last weekend, the BTC price of the leading cryptocurrency fell, tumbling from that key psychological resistance to a price as low as $8,450 (TradingView data) – a drop of 15%.
While there are a number of analysts hinting that this retracement is a precursor to a deeper correction, a growing number of commentators claim that Bitcoin (BTC) is on the verge of rallying 100% (or more) towards the previous all-time high of $20,000.
What’s even more interesting about these Bitcoin predictions is that a few traders expect such price action to transpire over a couple of months, not the years it took BTC to move out of a bull market in 2014-2015.
Could Bitcoin Really Hit $18,000 In the Coming Months?
Despite the fear floating around the crypto industry at the moment due to last week’s severe correction, Polar Hunt recently shared his analysis.
The analysis, which attempts to compare the price action between the market structure in 2014-2016 to the market structure, suggests that Bitcoin is currently “holding up nicely” against the previous market cycle.
BTC following the previous market cycle to T, per Polar Hunt’s charts, will mean the asset surging to $18,000 – a gain of over 100% from the current price of $8,550 – by the time of the block reward reduction in May 2020.
Veteran Trader Who Predicted Bitcoin (BTC) Rise to $100,000 Issues Painful Update to Cryptocurrency Investors
A veteran technical trader who was immortalized in the world of crypto for calling the top of Bitcoin’s last parabolic cycle is updating his views on the leading cryptocurrency.
In June of last year, Peter Brandt said BTC appeared to be at the start of a fourth parabolic phase, taking aim at $100,000.
“Bitcoin takes aim at $100,000 target. BTC/USD is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.”
As its price continued to rise in February, he said Bitcoin’s strong start to the year suggested an even larger moonshot could play out through 2021.
Since then, BTC has aggressively retraced from a high of $10,421 on February 12th to its current price of $8,669 at time of publishing.
Amid the downturn, Brandt says he still has a positive outlook on BTC – but the significant correction shows the painful truth: Bitcoin has yet to prove it’s on a parabolic path.
“I am constructive on BTC, but let’s look at facts. BTC has been in bear market for 26 months — not exactly a bull trend”
“I receive a ton of criticism, sarcasm and trolling because I change my mind on markets. Just to let you trolls know, I take my willingness and ability to change my mind quickly as a point of survival and pride as a trader.”
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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:
Here are the stages an investor goes through in a liquidating market1. It’s a great stock. I believe in it2. I will buy more if it goes down more3. I will get out if I can break even4. I will get out if my loss is reduced
5. My opinion of the stock doesn’t matter. Let me out
— Peter Brandt (@PeterLBrandt) February 28, 2020
This is also holding up nicely and shows how this particular part of the marketcycle is “sideways” and therefor both hard to buy and hard to hold.
Im writing these posts to show you, but also to remind my self not sell any. I actually added to my stack this Friday. pic.twitter.com/VIG2a6OZ8q
— Polar Hunt (@polar_hunt) March 1, 2020
Here’s Why Bitcoin Could Rally 100% to $18,000 by the 2020 Halving
Post Views: 399