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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 SAYS BITCOIN WILL ‘GOBBLE UP ALL FIAT’ AND RISE OVER 0K!! BTC PRICE PREDICTION!
➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net
Bitcoin Pioneer Max Keiser, host of the Keiser Report went on record sharing, “BTC is the monetary black hole that will gobble up all fiat and rise to more than $100,000 doing it” back in 2018.
In fact Max has been telling his audience to buy Bitcoin since 2011, back when the cryptocurrency was trading at just $1.
In regards to his most recent BTC price prediction, Keiser shared on Crypto Twitter:
“$20,000 will get sliced through easily – then a pop to $28,000.”
Breaking News: The Bitcoin Price Has Only Been Higher Than Now For 12 Days In BTC History”
The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.
Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from Dec. 7 to 20 in 2017, with the highest close occurring on Dec. 16 at $19,378.
Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 on Dec. 15, 2018, would be up 424%.
Of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin, with the coin sitting above the current price of $12.70 for 2.7% of its life.
By contrast, the majority of altcoins are yet to enter proportionally rare price ranges. Ether’s (ETH) current price of $464 has been exceeded 201 days in the past, representing more than 10% of the entire 1,933 days since the Ethereum network went live.
XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardano’s ADA prices all vary between 9.7% and above 30%. BCH exceeds all other coins sitting above the current price of $258 for at least one-third of its life.
Bitcoin’s strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on Nov. 5, only nine days have seen stronger volume in Bitcoin’s history.
Compared to this day in previous years, investors have seen profits of 88%, 2,275%, 4,326% and a staggering 5,833,991% for the years of 2019, 2016, 2013 and 2010, respectively.
In other words, investing $1 into Bitcoin on November 13, 2010, would have increased to $58,339 today.
In other trending Bitcoin News today:
“Impending CME Gap Close Could Propel Bitcoin Price To $18,000”
Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473.
The 6.62% move brings the top-ranked digital asset closer to closing a CME gap in the $16,465 to $16,570 zone and a growing number of analysts expect the price to break above the $17,200 level if the CME gap is closed.
Despite the excitement surrounding Bitcoin’s surge to a new multi-year high, Cointelegraph contributor Micheal van de Poppe pointed out that Bitcoin has rapidly ascended to new highs without establishing strong supports.
Van de Poppe said:
“Many levels beneath the current price are untested on the weekly timeframe. A healthy way to build up a new cycle is the backtesting of previous resistance levels as new areas of support.”
The analyst also said that the Crypto Fear and Greed Index has reached the “Extreme Greed” level, which can be interpreted as a sell signal according to Van de Poppe.
Bitcoin’s impressive rally 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.
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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:
$20,000 will get sliced through easily – then a pop to $28,000#BTC
— Max Keiser (@maxkeiser) November 12, 2020
If the U.S. and China don’t significantly crack down on bitcoin, it’s going to $250,000+ this next cycle.
— Ryan Selkis (@twobitidiot) November 12, 2020
Max Keiser Interview: Bitcoin Will ‘Gobble Up All Fiat’ and Rise Over $100K
https://cointelegraph.com/news/impending-cme-gap-close-could-propel-bitcoin-price-to-18-000
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NEW STOCK-TO-FLOW MODEL SUGGEST MASSIVE BITCOIN PRICE TARGET!! BTC IS MATHEMATICAL PURITY!!
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Crypto analyst shares new Bitcoin floor & top models implemented into S2F-M2 suggesting the following price predictions:
“Latest Bitcoin price, 28-Oct-2021:
$BTC: $60,565
S2F model: $93,844
S2F-M2 model: $77,146
S2F-M2 Top model: $151,861
S2F-M2 Floor model: $38,573
Predicted Bitcoin price, 28-Oct-2026:
S2F model: $1,031,863
S2F-M2 model: $610,379″
In other trending Bitcoin News today: Bitcoin Needs To Pull Back Hard This Weekend in Order To Rally Next Week, Says Crypto Analyst Tone Vays!
Vays thinks a $55,000 Bitcoin would present a great entry opportunity but doesn’t rule out a slightly larger correction before ascending to $100,000.
“My worst-case scenario really is $52,000 or $53,000. It’s my worst-case scenario. I don’t see us breaking below this support area, and then I still see $100,000 around end of year. I’m expecting a huge rally any minute.”
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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/ethereum-s-new-all-time-high-prepares-eth-for-continuation-to-5-000
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The U.S. Dollar is Dying, 'Buy Bitcoin' Rich Dad Poor Dad Author | John McAfee Calls BTC 'Worthless’
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The past few weeks have undoubtedly been rough for crypto; from the February highs, the Bitcoin price has fallen 36%, reaching a low of $3,800 in March.
Robert Kiyosaki, the author of the popular financial book “Rich Dad Poor Dad,” sees no reason to fear, though. In fact, the well-known investor recently went as far as to say that it’s time to drop dollars for Bitcoin (BTC) and other hard money.
In a recent tweet, Kiyosaki explained that with the Fed “counterfeiting […] trillions of fake dollars – $82 billion a month to $125 billion a day” and interest rates at 0%, it makes sense to save “gold, god’s money, or Bitcoin, people’s money,” rather than the fiat dollars that don’t yield anything and are being constantly debased.
He added in a later tweet that the dollar is likely “dying,” boosting the case to invest in gold, silver, and Bitcoin.
“DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.”
It should come as no surprise, then, that demand for Bitcoin is booming regardless of the current BTC price action.
Leading cryptocurrency exchange Coinbase reported that during the now-infamous “Black Thursday” crash, the exchange saw a dramatic surge in buying interest for cryptocurrency:
“But beyond just a rush, two things are clear: customers of our retail brokerage were buyers during the drop, and Bitcoin was the clear favorite. Our customers typically buy 60% more than they sell but during the crash this jumped to 67%, taking advantage of market troughs and representing strong demand for crypto assets even during extreme volatility.”
The U.S.-based Kraken corroborated this narrative, writing in a recent tweet that the exchange “recorded an 83% rise in sign ups, and a 300% increase in verifications” over the past few weeks.
John McAfee Calls Bitcoin (BTC) ‘Worthless,’ Shows Support for These Three Cryptocurrencies
Controversial antivirus mogul John McAfee, who boasts more than 1 mln Twitter followers, doesn’t think that Bitcoin is the driver of his popularity.
The crypto baron unapologetically called the leading cryptocurrency ‘worthless’ in response to one user who claimed that people are only interested in his personality because of 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:
It’s widely used among tens of thousands of us who no longer use banks, credit cards or paper currency.There is nothing that you need that can’t be bought through DAI, Monero or Ethereum.Homes, cars, hotels, air travel, food etc.Exceptions:– coffee– Pizza
– Hookers
— John McAfee (@officialmcafee) April 4, 2020
DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.
— therealkiyosaki (@theRealKiyosaki) April 4, 2020
Traders Are Loading Up On Bitcoin Longs: What Does This Mean?
The U.S. Dollar is Dying, Buy Bitcoin: “Rich Dad Poor Dad” Author
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