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John McAfee, American entrepreneur and vocal Cryptocurrency advocate has launched a decentralized exchange (DEX) running on the Ethereum (ETH) blockchain.
McAfeeDEX is set to run in a beta release status as of Oct. 7th today, according to the new platform’s official website and John McAfee’s Twitter personal feed.
McAfee tweeted, “The McAfee Distributed Dex beta version is coming 10/7. Play with it. It takes time for enough users to join to make it real, but if you play, and be patient, you will see it’s the door that frees us from Government’s cornerstone of control: Fiat currencies. It can’t be shut down.”
In other Bitcoin news today:
BTC and the entire Crypto market is pumping as most all the major cryptocurrencies are in the green.
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:
The McAfee Distributed Dex beta version is coming 10/7. Play with it. It takes time for enough users to join to make it real, but if you play, and be patient, you will see it’s the door that frees us from Government’s cornerstone of control: Fiat currencies. It can’t be shut down pic.twitter.com/W3XCExspQT
— John McAfee (@officialmcafee) October 5, 2019
https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
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BITCOIN HALVING DUMP FROM K TO .1K: 3 REASONS WHY | BTC Can Stay Bullish After 15% Retracement
➡️ REPLAY – TEEKA TIWARI – 5 Coins To $5 Million: http://final5.cryptonewsalerts.net
Bitcoin (BTC) price dropped from $10,000 to $8,100 within just over a day, as it plunged by 9% in a single hour.
It liquidated $200 million worth of longs, obliterating the futures market.
The three key reasons that triggered the immense Bitcoin correction were: strong multi-year resistance area above $10,000, whales moving to short the market on BitMEX, and extreme volatility heading into the Bitcoin Halving.
REASON #1: $10,200 to $10,500 is a multi-year strong resistance area for Bitcoin
Since mid-2018, the $10,200 to $10,500 range served as a historically strong area of resistance for the top-ranking cryptocurrency by market capitalization.
After its first breakout above $10,500 in June 2019, which led to a swift run to $14,000, Bitcoin failed to move above that level five out of six times in the last two years.
When the Bitcoin price initially broke down at $10,100 on May 8, it signaled the rejection of a key resistance level and left BTC vulnerable to a steep correction.
As whales started to sell at $9,900, it led to a cascade of long contract liquidations primarily on BitMEX and Binance Futures.
In one hour, more than $200 million worth of longs were liquidated.
REASON #2: Whales quickly moved to sell BTC at the point of rejection
Almost as soon as the rejection of $10,200 was confirmed, whales started to fiercely short Bitcoin across major cryptocurrency exchanges.
The open interest on the big four derivatives exchanges that include Binance Futures, BitMEX, Deribit, and OKEx plunged.
The term open interest refers to the total amount of long and short contracts open at a given time.
The rapid decline in open interest meant that as selling pressure began to build up, it caused over-leveraged buyers in the futures market to get trapped in their positions.
REASON #3: Massive volatility ahead of halving
Ahead of the Bitcoin block reward halving set to occur on May 12, trading activity on all major cryptocurrency platforms surged significantly.
CME saw record-high open interest, Deribit recorded all-time high volume for its options contracts, and spot exchanges demonstrated 2017-esque volume in the last three weeks.
When many new investors enter the market in anticipation of a major event, it opens the market up for a steep selloff.
For instance, after the 2016 block reward halving, the Bitcoin price dropped by more than 30%, as traders reacted with a sell-the-news response.
A confluence of an over-extended Bitcoin rally to $10,000, whales front-running retail investors with a sharp sell-off at $9,900, and high anticipation for the halving are triggering a near-term pullback prior to the May 12 Bitcoin halving.
In other trending Bitcoin News today:
Bitcoin Can Stay Bullish After 15% Retracement as Long as This Crucial Level Holds
It may seem like all hope is lost for bulls, yet one top trader recently shared that this isn’t the case.
Bitcoin holding $8,530 in the next 24 hours, a trader argued, will confirm a sweep of liquidity at a “pivotal level.”
Should Sunday’s candle close above this level, it would confirm that a bullish market structure remains somewhat intact.
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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:
$BTC Lots riding on the next 24 hours. Want to see 12H, followed by the daily, close above $8530 to confirm a sweep into pivotal level. Close below and we have our first significant HTF break in MS to the downside since the bottom.
Happy Halving, call your mom. #Bitcoin pic.twitter.com/6pnt1uA52m
— HornHairs 🌊 (@CryptoHornHairs) May 10, 2020
https://cointelegraph.com/news/3-reasons-for-the-bitcoin-price-halving-dump-from-10k-to-81k
Post Views: 166 -
THE 0K BITCOIN BULL CASE BY ANTHONY POMPLIANO!! MAX KEISER PREDICTS 0K BTC PRICE!!
➡️ Leverage OPM (Other People’s Money): http://100.cryptonewsalerts.net
Bitcoin has every possibility to grow its market size by 15-20X within the next 15 months, according to BTC bull Anthony Pompliano of New York-based hedge fund Morgan Creek Digital.
“My base case is approximately 10x to $100,000 and the bull case is around $250,000 per bitcoin,” he predicted after assessing all the said catalysts.
The founder said in a note to investors that they should put 1-10 percent of their investable capital into Bitcoin.
Recalling his own portfolio’s 50 percent exposure in the cryptocurrency, Pomp cited a string of upside catalysts that would benefit anyone who invests-in/holds the 11-year old financial asset.
The first optimistic fundamental in line was the Federal Reserve and its unprecedented monetary policies.
The US central bank in April cut its interest rate to near-zero to boost lending amid the coronavirus pandemic.
In its recent remarks, the Fed vowed to keep the rates lower for the foreseeable future.
More tailwinds Bitcoin’s bullish bias came from the US government’s $3 trillion stimulus package.
Because of it, the Fed’s balance sheet expanded by 75 percent since the beginning of 2020.
The bank further announced that it is targeting a 2 percent-plus inflation level.
“The average investor fears inflation right now, regardless of whether we [actually] see that inflation or not,” wrote Mr. Pompliano, adding that the “fear has driven significant capital flows into inflation-hedge assets (Gold, Bitcoin, Real estate, etc.).”
“The combination of the Fed’s asset price manipulation and inflation fears has driven gold and Bitcoin to drastically outperform equities and other commodities.”
Bitcoin rose by around 50 percent on a year-to-date timeframe. Pomp predicted a further upside for the cryptocurrency due to growing demand from the institutional investors.
For instance, Fidelity Investments, a Boston firm with $3.3 trillion worth of assets-under-management, favored a 1-5 percent allocation to Bitcoin in any portfolio.
Meanwhile, Stone Ridge, a $10 billion asset management firm, revealed that it now owns $15 million worth of BTC tokens.
Billionaire investor Paul Tudor Jones put 1-2 percent of his $22 billion portfolios into Bitcoin Futures.
Also, many pensions funds gained exposure in the cryptocurrency.
Pomp’s letter highlighted corporations that purchased Bitcoin as a reserve asset for part or majority of their treasury.
That included MicroStrategy, a $1.2 billion market cap firm that put 85 percent of its $500 million balance sheet ($425M) into Bitcoin, and global payments firm Square that last week purchased $50 million worth of BTC tokens.
“The demand outlook is strong, and it shows signs of actually accelerating into the first half of 2021,” added Mr. Pompliano.
The fund manager later discussed the Bitcoin market’s potential supply shock.
With a 21 million hard cap and 18.4 million units already in circulation, Mr. Pompliano noted that Bitcoin’s scarcity against its rising demand would act as another bullish tailwind.
In other trending Bitcoin News today:
Bitcoin pioneer Max Keiser went on a Crypto Twitter rant predicting a $28K short term Bitcoin target along with a $400K BTC price target for the long term…
“There is strong evidence to suggest Bitcoin futures traders are manipulating BTC down to give institutions a chance to load up on physical BTC cheap before the break to $28,000”
“The (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000”
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Trezor: ► http://trezor.cryptonewsalerts.net
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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:
There is strong evidence to suggest #Bitcoin futures traders are manipulating BTC down to give institutions a chance to load up on physical BTC cheap before the break to $28,000
— Max Keiser (@maxkeiser) October 16, 2020
The (temporary) #Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000
— Max Keiser (@maxkeiser) October 16, 2020
❓Why does #bitcoin price not go up with all this institutional buying? Who is selling? BTC price is exactly where it should be, holding firm above $10K, waiting for that one moment .. asymmetrical returns .. patience! pic.twitter.com/pCyftmvHco
— PlanB (@100trillionUSD) October 16, 2020
Bitcoin Will Likely Grow 15-20x in Next 15 Months: Fund Manager
https://cointelegraph.com/news/calm-before-the-storm-analyst-says-20k-bitcoin-possible-in-3-months
Post Views: 153 -
BITCOIN CAN GO TO 5,000, SOARING 995% BY NEXT AUGUST!! ONLY 2.5 MILLION BTC LEFT TO MINE!!
➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net
Bold Profits Daily guru, Ian Dyer, doesn’t think the Bitcoin price will just hit $100,000, he thinks is will soar past it!
Ian believes the BTC price can go to $115,000 by next August. That means Bitcoin could soar 995% in less than a year.
Talk about a fast, HUGE return!
The bullish Bitcoin prediction is right in alignment with the infamous Stock-to-Flow model which suggest a $100,000 BTC price by August, 2021.
“We’re telling you how you can benefit from the rise of Bitcoin as it disrupts the global financial system. Our prediction stands: The Dow and Bitcoin will hit 100K in America 2.0.”
THE 995% RETURN YOU DON’T WANT TO MISS!
“You know we’re extremely bullish, optimistic and positive on Bitcoin. The reasons it could surge in just a short time stem from Paul’s GoingUpness strategy.”
“Since March, the number of Bitcoin stored on a crypto exchange is decreasing, which adds to Bitcoin’s ScarceAbility: At the same time, the Bitcoin price has risen more than 150% from its March low. Plus, demand for BTC has continued to increase.”
“Last month the first publicly-traded company announced that it used $400 million of its cash to purchase about 38,000 bitcoins. This is incredibly bullish. Corporations are starting to see its value which is another sign of demand.”
In other trending Bitcoin News today:
Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days
The Grayscale Bitcoin Trust (GBTC) is a very popular investment vehicle and in 2020 the trust has obtained a massive amount of BTC.
Today, GBTC has $4.7 billion assets under management (AUM), according to data provided by bybt.com.
Grayscale’s bitcoin position is also displayed on the company website as well for transparency purposes.
Since the Grayscale Bitcoin Trust inception date on September 25, 2013, there are 471,022,700 shares outstanding and each share is worth 0.00095519 BTC per share.
This week, digital currency proponents noticed that Grayscale scooped up around 17,100 BTC or $182 million using today’s exchange rates.
Bybt.com’s data shows the trust obtained the bitcoin stash during the last seven days and GBTC’s aggregate bitcoin position is now 449,900 BTC.
Bitcoin (BTC) markets have done well in recent days and dominance is nearing 60% again.
The cryptocurrency’s percentage change versus USD during the last year is up 29% and during the last 90-days, BTC has gained over 16%.
With 449,900 BTC held, Grayscale’s Bitcoin Trust has 2.14% of the entire 21 million BTC supply.
As far as coins in circulation, BTC just passed the milestone of 18,500,000 in circulation.
This means GBTC’s purse represents 2.43% out of the BTC currently in circulation.
No one knows exactly how Grayscale acquired the 17,100 BTC, but Microstrategy’s CEO Michael Saylor explained the efforts his company took to purchase the 16k BTC Microstrategy recently purchased.
“To acquire 16,796 BTC, we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each [three] seconds,” Saylor said. “~$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike,”
Saylor added. A number of BTC proponents also believe that companies like Microstrategy and Grayscale’s Bitcoin Trust snatching up vast amounts of BTC is bullish for investors.
CEO of UK bitcoin exchange Coincorner, Danny Scott, tweeted on Sunday that BTC’s “foundations are getting stronger by the day.” “62 days of Bitcoin ending above $10,000,” Scott tweeted. “Previous was 61 from 1st Dec 2017.”
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Trezor: ► http://trezor.cryptonewsalerts.net
Ledger: ► http://ledger.cryptonewsalerts.net
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://news.bitcoin.com/grayscale-investments-scooped-up-over-17000-btc-in-the-last-seven-days/
https://cointelegraph.com/news/only-25-million-bitcoin-left-to-mine
Post Views: 228