• daz88888888·09-23 09:48daz88888888

      All Hail Crypto’s Resilience : COIN $107 Target

      $Coinbase Global, Inc.(COIN)$ Coinbase Global Inc. has been searching for new ways to make money. One business it flirted with was controversial: using its own money to speculate on cryptocurrencies.Last year, Coinbase—which operates a large cryptocurrency exchange that handles bitcoin and other digital coins—hired at least four senior Wall Street traders and launched a group to generate profit, in part, by using the company’s cash to trade and “stake,” or lock up, cryptocurrencies, according to people close to the matter. The activity was described as “proprietary” trading by the people at the company.Earlier this year, the team completed a $100 million transaction that the group viewed as a test trade of the new effort, according to the people. The transaction came after Coinbase executives testified to members of Congress last year that the company didn’t buy and sell digital currencies for its own account.The monthslong effort to launch the Coinbase Risk Solutions group underscores how Coinbase, which has seen its shares tumble about 70% over the past year, has entertained more aggressive strategies as it tries to develop new businesses.Coinbase says some at the company examined pursuing proprietary trading but decided against it.“Our statements to Congress accurately reflect our actual business activities,” a Coinbase spokeswoman said. “Coinbase does not, and has never, had a proprietary trading business. Any insinuation that we misled Congress is a willful misrepresentation of the facts.”The Coinbase spokeswoman added that“Coinbase Risk Solutions was established to facilitate client-driven crypto transactions,” and “conflict of interest mitigation tools and policies” were in place in the group.There are no regulations preventing firms like Coinbase from trading digital currencies alongside their clients.In the past, investment banks operated proprietary trading groups that were active in stock and bond markets, while also doing “agency” trading, or trading solely on behalf of customers.Rules on banks restricting speculative trading imposed in 2010 were eased somewhat a few years ago, and Coinbase was never subject to these restrictions. Still, regulators and politicians have long worried that speculative activity by firms like Coinbase in nascent crypto markets could harm clients. When a financial firm invests money for its clients at the same time it invests its own money in the market, it can lead to risks and potential conflicts of interest with clients. For example, a firm buying or selling the same investments could drive up or down the price of these investments, hurting the clients.In July of last year, Coinbase established the Risk Solutions unit to trade crypto for clients. The group also made plans to begin making trades with Coinbase’s cash, among other strategies, according to the people close to the matter.The team built sophisticated trading systems to enable this trading, according to the people.Coinbase Chief Financial Officer Alesia Haas was involved in creation of the unit, which was led by Brett Tejpaul, Coinbase’s head of institutional sales, trading, custody and prime services, the people said. Employees were discouraged from sharing information about the new trading business or discussing it in internal communications, the people said.
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      All Hail Crypto’s Resilience : COIN $107 Target
    • Tiger_chat·09-21Tiger_chat

      Bitcoin Falls Below $19,000; Will You Avoid Crypto/Buy The Dip?

      Bitcoin fell again to its lowest point in three months, dropping below the support level of $19,000. The bitcoin price is down about 70% from its record high of $69,044.77 on Nov. 10, 2021.The digital currency has been falling since this year because of the strong dollar due to interest rate hikes. Recently, SEC claimed all of Ethereum falls under US jurisdiction, which also triggered panic among investors.1. Why is $19,000 important?Mati Greenspan, founder of Quantum Economics, has pointed out that the $20,000 is a key point for Bitcoin. $20,000 was the high hit by Bitcoin during its last bull cycle in late 2017 and has acted as support and pressure levels many times during Bitcoin's price gains since then.Katie Stockton of Fairlead Strategies sees long-term support for bitcoin between $18,300 and $19,500.Analysts believe that cryptocurrencies generally open a continued downward path after falling below technical-level support levels.2. Bitcoin Will Drop To...Let's look at analysts' take.Data from tradingview and analysts' takeawaya: Mark Newton, a strategist at Fundstrat Global Advisors, said:a "really significant area" at around $17,500, close to the June lows.b: DailyFX analyst Legan Tang saidTechnically, last week's pullback was the start of a new downtrend, and a short-term break below 18,500 would open up a decline towards the June low of $15,000.c: Sam Callahan, a bitcoin analyst at bitcoin exchange Swan, also believes that bitcoin could fall more than 80% from its all-time highs, based on the experience of previous bear markets. This means bitcoin will fall to $13,800.d: Goldman Sachs warned thatbitcoin is at risk of a collapse to $12,000.In addition to analysts' opinions, data also revealed information.Bitcoin options contracts that will expire at the end of 2022 show that most traders are betting that the price of bitcoin will fall to the $10,000-$12,000 range.Have you invested in bitcoin or other crptocurrencies?Do you think bitcoin has reached the bottom?Share your opinions in the comment section and win tiger coins~
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      Bitcoin Falls Below $19,000; Will You Avoid Crypto/Buy The Dip?
    • expertrader·09-11expertrader

      Why is Bitcoin rallying in 2022?

      On the list of failures, cryptocurrency has failed to fulfil its purpose of being a store of value.Courtesy of Pexels.comThus, when the charts began to trend upwards as of Friday, I began to wonder, what could be the trigger for such a rally?Is it another bear market rally?Or has the Queen’s passing got to do with it?That couldn’t be. (RIP Queen Elizabeth).In this recent rally, the granddaddy of cryptocurrency, Bitcoin, can clinch above the $20,000 psychological mark.Weakening US DollarAccording to CNBC, the weakening of the U.S. dollar sparked the rally. The Dollar Currency Index reached 110.7 before weakening throughout the rest of the week.Bitcoin Breaks Past $21,000, Inspiring Market-Wide RallyBitcoin has broken $21,000 after sitting below $20,000 earlier this week. The surge has helped the crypto market bounce…cryptobriefing.comCurrently, Bitcoin trades at $21,294 as of writing, 7.44% in the green in the past five days.However, the cryptocurrency is still down 53.68% YTD.Gone are the days of Bitcoin going to the moon?Speculation, as usualSurprise, surprise. Another speculative play by investors pushed Bitcoin upwards of $21,000. That rally was over 10%, the most significant gain in six months.However, it won’t surprise many if this turns out to be a short-lived rally.There isn’t any change in the current macroeconomic environment, and investors are generally still wary of the impending high inflation and recession fears.Jerome Powell reiterated the Fed's hawkish stance during the Jackson Hole meeting.On the other hand, however, Ethereum seems to be gaining traction as we move closer to the Merge. It was announced to happen in September 2022.ConclusionSafe to say, we are still unsure what the Merge's impact would be until after the event happened, especially in a hostile macroeconomic environment. For now, we can only wait and see.Follow me to learn more about analysis!!$Bitcoin Group SE(BTGGF)$ $Grayscale Bitcoin Trust (BTC)(GBTC)$ $ProShares Bitcoin Strategy ETF(BITO)$
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    • expertrader·09-09expertrader

      Is This The End for Ethereum?

      I think that Ethereum will succeed, but here are some warning signs that may undermine its success.Courtesy of Pexels.comEthereum is the darling of the crypto world.Decentralized, massive adoption and with many use cases, it is the coin that every other cryptocurrency aspires to be.With the Merge just around the corner, the network will gain one more advantage.Switching to a proof-of-stake (POS) protocol has been in the works for years. Currently, Ethereum runs on a proof-of-work (POW) protocol which is massively energy inefficient.At the same time, it allows anyone with enough ETH staked to gain rewards for sustaining the network. This is unlike the current POW model that only rewards miners.Hard ForkAs we edge closer to the Merge, Ethereum's price steadily increases. This is not surprising as the hype build-up and the future holds for Ethereum can excite anyone.However, some argue that a vast sell-off is imminent.This is because of a possibility of a hard fork.Many miners are unwilling to support the Merge as it would impact their profits significantly. This is because they cannot mine new blocks for the network to gain rewards.At the same time, they will be sitting with a lot of unused mining equipment. As a result, these miners may be forced to migrate to another POW network like Ethereum Classic.The latter has shown a substantial increase in hash rate.Screengrab fromhttps://2miners.com/etc-network-hashrateThis might seem simple enough until we look deeper.ChaosThe chaos of the hard fork comes when Defi projects and other protocols using the Ethereum network have to decide how they would go about after the Merge.If there happens to be a hard fork, these projects have to decide which one they would follow.We can see that this can cause a lot of confusion and chaos.And with every confusion in the markets, we can expect intense volatility.Short Squeeze?From what we have experienced in GameStop, a short squeeze happens when bears are forced to close their short positions leading to an upward tick in price.This leads to a sharp rally.Analysts have argued that the following might happen:Perpetual futures open interest ratios are at all-time highs. This means that there are a lot of bets made on leverage. This increased the probability of a squeeze happening. A bearish position in the perpetual futures market indicates a possible short squeeze.Short squeeze followed by a dump. As many people exit their positions after being tempted by the high rise in the price of Eth following the short squeeze, Eth will experience significant volatility.What to expect?We can only wait to see what happens.But I am expecting a decent level of volatility to come. So it might be smart to buy some at the current prices.If the short squeeze happens, it might be an excellent opportunity to collect some profits.$Grayscale Ethereum Trust (ETH)(ETHE)$  $Grayscale Ethereum Classic Trust (ETC)(ETCG)$  $Bitcoin Group SE(BTGGF)$ Follow me to know more updated analysis!!
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    • StarLuck·08-31StarLuck

      Temasek to lead US$100M funding for crypto landlord Animoca

      Singapore state investor Temasek Holdings Pte. is joining a US$100 million ($139.7 million) funding for Animoca Brands Corp., betting on one of crypto’s most prolific investment houses even after a US$2 trillion market meltdown.Temasek will lead the financing through convertible bonds, said the people, asking not to be identified discussing private information. It adds to a funding round first announced by Animoca in January, they said, when the Hong Kong startup raised US$359 million from backers including George Soros and the Winklevoss twins. Now valued at US$6 billion, Animoca raised another US$75 million in the same round earlier this summer.Temasek has said it doesn’t directly invest in cryptocurrencies and prefers to back service providers in the space instead. In February, the state fund joined a US$200 million funding for crypto lender Amber Group at a US$3 billion valuation. Animoca and Temasek spokespeople declined to comment.Animoca has evolved from a small mobile game publisher to Asia’s biggest blockchain investor by assembling a portfolio of more than 340 finance, gaming, and social media companies in less than five years. Co-founder Yat Siu envisions challenging the dominance of Big Tech firms like Meta Platforms Inc. and Microsoft Corp. by building virtual worlds on the blockchain, creating the so-called Web3 in the process.The crypto winter, which has wiped out US$2 trillion in digital asset value since November, has left most investors reeling. Funding for digital currency-related startups fell 26% last quarter from the one before, and it’s on pace to fall further still in the current period, according to PitchBook data.Animoca, for its part, is seeking to take advantage of the crypto downturn to buy up stakes in industry players and digital tokens, Siu told Bloomberg News in a recent interview. The firm wants to go public, perhaps in the next two to three years. That will depend on the market’s acceptance of its core business of selling crypto tokens and taking a cut from secondary transactions, Siu said.Animoca’s capital raise hasn’t been entirely smooth. Buyout giant KKR & Co. was among prospective backers who decided to withdraw from its funding round after the market rout, Bloomberg News reported in July.@TigerStars 
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      Temasek to lead US$100M funding for crypto landlord Animoca
    • SG 88·08-31SG 88

      What’s up Crypto

      Bitcoin having well known in cryptocurrency world shattered since its all time high in Nov 2021 to now hovering around $19,800 at the time of this writing.Ethereum also suffers the same catastrophe to now the present value of $1,500.Does that means that its time to look into Bitcoin and blockchain Penny Stock to ‘spice up’ some action?Do take note that investing on these companies does need some element of ‘strong heart’ to face the price volatility. Though some would argue that what’s the point of having cryptocurrency if such activities would not only huge investment but also some power consumption demand as well.It’s estimated the global cryptocurrency mining market would reach $4.5 billion by 2026 Vs $ 4 billion in 2020, with CACR grow rate of 2.7% for next coming five years.Mining Cryptocurrencies needsto complete a computation that creates a 64-digit hexadecimal number (hash) for that bitcoin that..goes into public ledger for anyone to confirm that transaction in order for that particular bitcoin to happened which means..computing power is required which means...multiple graphic cards which means…energy is needed… estimated one bitcoin transaction takes 1,449kWh to complete (roughly 50 days of power for average US household - Digiconomist's Bitcoin Energy Consumption Index.With average cost per kWh in US 10.42 cents, a bitcoin transactions generates approximately $151 energy bill.Using so much energy is bad for the environmentUS alone account for 60% energy sources in fossil fuels termsFossil fuels produces carbon dioxideCarbon dioxide absorb heat from the sun that creates greenhouse effectWildly climate change is caused by greenhouse effectWould you invest in cryptocurrencies or crypto miners companies?What factors would determine you to invest on?To what extend miners’ capacity in cryptocurrencies mining?What major cryptocurrencies would you prefer?Does the volatility excite or scare you?@TigerStars @MillionaireTiger 
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    • Papa Bear·08-28Papa Bear
      $Marathon Digital Holdings Inc(MARA)$  BTC dipped below 20k briefly, Mara will likely fall into single digit territory soon. A good candidate for shorting if you believe current bear market is still intact. Otherwise hodl and sell covered call options. Alternatively buy put options to protect your downside. Prepare for a more chilling crypto winter. [Sad] 
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    • Daveforceone·08-20Daveforceone
      Bitcoin alertBitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading. Bitcoin plunged from $22,738 to below $21,12.34 at 4:00 p.m. ET, according to CoinDesk data. Earlier in the morning, the cryptocurrency fluctuated between $21,500 and $22,000.It comes shortly after the wor
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    • TigerKinna·08-16TigerKinna
      Short Yet? [shy] 
      18Comment
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    • TigerKinna·08-13TigerKinna
      Crypto Binance Spot:Rebound range of coins since 18 June 2022More market updates:https://link.medium.com/BB6l9iUpHss 'GBPUSDT' increased 0.74%'VGXUSDT' increased 1.63%'GHSTUSDT' increased 2.95%'AUDUSDT' increased 3.32%'TRIBEUSDT' increased 4.05%'TRXUSDT' increased 4.94%'PSGUSDT' increased 6.22%'XRPUSDT' increased 6.75%'KMDUSDT' increased 7.37%'WRXUSDT' increased 7.53%'BNBUSDT' increased 7.81%'PEOPLEUSDT' increased 7.9%'DNTUSDT' increased 8.51%'AUTOUSDT' increased 8.53%'REQUSDT' increased 8.55%'GTOUSDT' increased 8.77%'WTCUSDT' increased 8.79%'DOTDOWNUSDT' increased 8.79%'DFUSDT' increased 8.88%'NBTUSDT' increased 9.07%'BIFIUSDT' increased 9.11%'RAMPUSDT' increased 9.36%'LUNAUSDT' increased 9.41%'YGGUSDT' increased 9.42%'VTHOUSDT' increased 9.46%'BTTCUSDT' increased 9.47%'TCTUSDT' increased 9.48%'ACMUSDT' increased 9.67%'WINUSDT' increased 9.71%'DOCKUSDT' increased 9.72%'CVPUSDT' increased 9.82%'ALPINEUSDT' increased 9.82%'SYSUSDT' increased 9.9%'UTKUSDT' increased 9.93%'BTCUSDT' increased 9.94%'MDTUSDT' increased 10.1%'CITYUSDT' increased 10.12%'FORUSDT' increased 10.32%'PUNDIXUSDT' increased 10.52%'JUVUSDT' increased 10.6%'ADXUSDT' increased 10.66%'PONDUSDT' increased 10.71%'RAREUSDT' increased 10.71%'CAKEUSDT' increased 10.76%'BSWUSDT' increased 10.76%'SHIBUSDT' increased 10.86%'SANDUSDT' increased 10.95%'FISUSDT' increased 10.97%'KLAYUSDT' increased 11.03%'TWTUSDT' increased 11.1%'KAVAUSDT' increased 11.15%'VIDTUSDT' increased 11.22%'BONDUSDT' increased 11.47%'ALPACAUSDT' increased 11.5%'DARUSDT' increased 11.52%'FLMUSDT' increased 11.57%'VOXELUSDT' increased 11.57%'XMRUSDT' increased 11.69%'DREPUSDT' increased 11.77%'ATMUSDT' increased 11.78%'ASRUSDT' increased 11.78%'QTUMUSDT' increased 11.82%'XRPUPUSDT' increased 11.84%'MBOXUSDT' increased 11.87%'FTTUSDT' increased 11.9%'LOKAUSDT' increased 11.93%'BEAMUSDT' increased 11.99%'PORTOUSDT' increased 12.01%'BNXUSDT' increased 12.12%'DATAUSDT' increased 12.15%'SUNUSDT' increased 12.24%'LTCUSDT' increased 12.31%'TVKUSDT' increased 12.39%'XTZUSDT' increased 12.4%'ALGOUSDT' increased 12.41%'OMUSDT' increased 12.41%'WANUSDT' increased 12.46%'DODOUSDT' increased 12.46%'EPXUSDT' increased 12.58%'JASMYUSDT' increased 12.59%'MOBUSDT' increased 12.75%'DIAUSDT' increased 12.8%'MANAUSDT' increased 12.87%'NULSUSDT' increased 12.88%'POLSUSDT' increased 12.9%'OMGUSDT' increased 12.97%'ADAUSDT' increased 13.09%'TRXUPUSDT' increased 13.13%'DOTUSDT' increased 13.35%'MTLUSDT' increased 13.36%'BICOUSDT' increased 13.37%'WAVESUSDT' increased 13.48%'FRONTUSDT' increased 13.51%'ENJUSDT' increased 13.52%'DOGEUSDT' increased 13.55%'BNBUPUSDT' increased 13.55%'OXTUSDT' increased 13.55%'ALCXUSDT' increased 13.56%'PLAUSDT' increased 13.73%'APEUSDT' increased 13.74%'QUICKUSDT' increased 13.78%'LAZIOUSDT' increased 13.85%'IOTXUSDT' increased 14.29%'COTIUSDT' increased 14.36%'COCOSUSDT' increased 14.37%'ALICEUSDT' increased 14.39%'TKOUSDT' increased 14.47%'ATAUSDT' increased 14.49%'CELOUSDT' increased 14.5%'BADGERUSDT' increased 14.56%'HIVEUSDT' increased 14.57%'CVXUSDT' increased 14.58%'VITEUSDT' increased 14.6%'FORTHUSDT' increased 14.69%'HIGHUSDT' increased 14.83%'BLZUSDT' increased 14.85%'FETUSDT' increased 14.89%'ICPUSDT' increased 14.91%'BETAUSDT' increased 14.94%'HOTUSDT' increased 14.97%'ONGUSDT' increased 15.06%'DASHUSDT' increased 15.13%'PNTUSDT' increased 15.14%'VETUSDT' increased 15.23%'FXSUSDT' increased 15.23%'KSMUSDT' increased 15.25%'RADUSDT' increased 15.25%'MBLUSDT' increased 15.32%'LRCUSDT' increased 15.34%'POLYUSDT' increased 15.34%'HARDUSDT' increased 15.35%'SUPERUSDT' increased 15.35%'LINKUSDT' increased 15.52%'PERLUSDT' increased 15.57%'EGLDUSDT' increased 15.6%'REIUSDT' increased 15.6%'DCRUSDT' increased 15.7%'SANTOSUSDT' increased 15.7%'ERNUSDT' increased 15.88%'BATUSDT' increased 15.94%'DYDXUSDT' increased 15.99%'IOTAUSDT' increased 16.0%'PHAUSDT' increased 16.05%'LSKUSDT' increased 16.07%'1INCHUSDT' increased 16.11%'CHESSUSDT' increased 16.12%'AVAXUSDT' increased 16.13%'XECUSDT' increased 16.21%'AXSUSDT' increased 16.25%'XLMUSDT' increased 16.26%'SXPUSDT' increased 16.32%'CKBUSDT' increased 16.34%'ARPAUSDT' increased 16.35%'OCEANUSDT' increased 16.39%'CTXCUSDT' increased 16.41%'GLMRUSDT' increased 16.47%'THETAUSDT' increased 16.51%'LITUSDT' increased 16.52%'MINAUSDT' increased 16.59%'CFXUSDT' increased 16.7%'CHRUSDT' increased 16.78%'ELFUSDT' increased 16.83%'SRMUSDT' increased 16.93%'TLMUSDT' increased 16.95%'SUSHIUSDT' increased 16.96%'DUSKUSDT' increased 16.97%'BELUSDT' increased 16.97%'AKROUSDT' increased 16.97%'MDXUSDT' increased 17.05%'DENTUSDT' increased 17.06%'REEFUSDT' increased 17.06%'WAXPUSDT' increased 17.17%'RAYUSDT' increased 17.26%'MATICUSDT' increased 17.28%'SNXUSDT' increased 17.29%'SCUSDT' increased 17.41%'HBARUSDT' increased 17.52%'SFPUSDT' increased 17.54%'CTKUSDT' increased 17.6%'CLVUSDT' increased 17.62%'CHZUSDT' increased 17.65%'ZILUSDT' increased 17.7%'BAKEUSDT' increased 17.7%'ALPHAUSDT' increased 17.77%'ACAUSDT' increased 17.85%'FARMUSDT' increased 17.88%'JSTUSDT' increased 17.93%'BANDUSDT' increased 18.02%'AUCTIONUSDT' increased 18.08%'ANTUSDT' increased 18.17%'C98USDT' increased 18.2%'EOSUSDT' increased 18.21%'FIDAUSDT' increased 18.35%'PERPUSDT' increased 18.46%'LTOUSDT' increased 18.58%'STXUSDT' increased 18.78%'ZECUSDT' increased 18.79%'STORJUSDT' increased 18.9%'REPUSDT' increased 18.93%'DEGOUSDT' increased 18.97%'UNIUSDT' increased 19.06%'UMAUSDT' increased 19.13%'FTMUSDT' increased 19.24%'MIRUSDT' increased 19.28%'STRAXUSDT' increased 19.34%'ASTRUSDT' increased 19.39%'ZENUSDT' increased 19.43%'XVGUSDT' increased 19.44%'AGLDUSDT' increased 19.44%'ICXUSDT' increased 19.55%'RIFUSDT' increased 19.59%'STPTUSDT' increased 19.79%'BNTUSDT' increased 19.89%'GTCUSDT' increased 19.91%'LEVERUSDT' increased 19.93%'FIOUSDT' increased 20.23%'BTCUPUSDT' increased 20.25%'ACHUSDT' increased 20.4%'LINAUSDT' increased 20.46%'GALUSDT' increased 20.51%'IMXUSDT' increased 20.55%'IOSTUSDT' increased 20.59%'RUNEUSDT' increased 20.84%'KEYUSDT' increased 20.91%'QIUSDT' increased 20.93%'CRVUSDT' increased 21.05%'WOOUSDT' increased 21.05%'KDAUSDT' increased 21.17%'JOEUSDT' increased 21.29%'ROSEUSDT' increased 21.47%'AAVEUSDT' increased 21.77%'GALAUSDT' increased 21.8%'GNOUSDT' increased 21.82%'FILUSDT' increased 21.92%'IRISUSDT' increased 21.95%'KNCUSDT' increased 22.12%'POWRUSDT' increased 22.18%'FIROUSDT' increased 22.3%'DEXEUSDT' increased 22.61%'NEARUSDT' increased 22.78%'ZRXUSDT' increased 22.94%'CVCUSDT' increased 22.96%'GMTUSDT' increased 23.1%'RVNUSDT' increased 23.23%'FUNUSDT' increased 23.3%'GRTUSDT' increased 23.5%'SOLUSDT' increased 23.58%'DOTUPUSDT' increased 23.77%'XVSUSDT' increased 23.86%'COMPUSDT' increased 24.05%'RSRUSDT' increased 24.11%'TRUUSDT' increased 24.32%'ONTUSDT' increased 24.35%'BTGUSDT' increased 24.42%'FLOWUSDT' increased 24.83%'ORNUSDT' increased 24.87%'CTSIUSDT' increased 24.89%'TUSDT' increased 25.0%'RNDRUSDT' increased 25.04%'AVAUSDT' increased 25.28%'AUDIOUSDT' increased 25.36%'ADAUPUSDT' increased 25.37%'OGUSDT' increased 25.43%'SLPUSDT' increased 25.49%'MOVRUSDT' increased 25.63%'MASKUSDT' increased 27.4%'PYRUSDT' increased 27.6%'CELRUSDT' increased 28.59%'ATOMUSDT' increased 28.71%'ETCUSDT' increased 28.76%'MLNUSDT' increased 29.21%'SKLUSDT' increased 29.24%'ILVUSDT' increased 29.35%'XNOUSDT' increased 30.21%'STEEMUSDT' increased 30.4%'XEMUSDT' increased 30.42%'NBSUSDT' increased 30.43%'LINKUPUSDT' increased 30.47%'BARUSDT' increased 30.64%'AIONUSDT' increased 30.66%'MCUSDT' increased 32.62%'ETHUPUSDT' increased 34.11%'SCRTUSDT' increased 34.93%'TORNUSDT' increased 35.14%'QNTUSDT' increased 35.33%'IDEXUSDT' increased 35.44%'NEOUSDT' increased 35.45%'NKNUSDT' increased 35.97%'BTSUSDT' increased 36.61%'ARDRUSDT' increased 38.38%'TROYUSDT' increased 39.13%'OPUSDT' increased 39.4%'NEXOUSDT' increased 40.05%'MKRUSDT' increased 40.89%'ONEUSDT' increased 40.97%'TFUELUSDT' increased 41.21%'MULTIUSDT' increased 44.42%'SPELLUSDT' increased 44.96%'COSUSDT' increased 46.04%'LDOUSDT' increased 48.47%'DGBUSDT' increased 50.45%'BCHUSDT' increased 53.09%'UNFIUSDT' increased 61.23%'RENUSDT' increased 61.42%'OOKIUSDT' increased 62.2%'TOMOUSDT' increased 64.98%'API3USDT' increased 70.08%'INJUSDT' increased 71.92%'MFTUSDT' increased 76.34%'KP3RUSDT' increased 80.62%'LPTUSDT' increased 81.24%'ENSUSDT' increased 87.43%'ANKRUSDT' increased 92.45%'RLCUSDT' increased 94.22%'ARUSDT' increased 95.41%'YFIUSDT' increased 95.64%'YFIIUSDT' increased 100.04%'ETHUSDT' increased 102.4%'FLUXUSDT' increased 111.11%'BALUSDT' increased 113.3%'STMXUSDT' increased 127.7%'WNXMUSDT' increased 144.09%'NMRUSDT' increased 157.38%'WINGUSDT' increased 198.19%'BTCSTUSDT' increased 265.52%'TRBUSDT' increased 336.92%
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    • YNWIM·08-12YNWIM
      $SQ Sold entire position at $88.10had a huge loss but was able to sell for a 25% gain by averaging down over last couple months. Stock has ran from $56 to $92 , a 64% move over last few weeks was my reason for selling, hopefully it keeps going higher for the rest of y'all. Good luck!$Block(SQ)$
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    • sunshineboy·08-10sunshineboy

      Marathon Digital: Bitcoin Mining Titan With Huge Growth Plans

      SummaryMarathon Digital Holdings plans to build one of the largest Bitcoin mining operations in North America.Management has set bold targets to rapidly increase its Hash Rate (Bitcoin Mining Speed) and expand operations.The Bitcoin mining company acts as a leveraged way to play the future of Bitcoin.I have estimated price targets based on various scenarios for the company's production and Bitcoin Price.NatureCryptocurrency is an intriguing and unique asset class. As a contrarian investor I aim to buy when others are "non-believers" such as in 2016, before the bull market of 2017. In addition, I sell when everyone is buying. For example, in my private investing group, I told everyone I was selling my Bitcoin in February 2021. Although, I didn't time the top and could have held on for ~30% more gains, I also missed the 66% plummet from all-time highs from November 2021. However, now the technical charts say Bitcoin has bottomed (for now) and the asset has even had its bestmonthsince 2021, with the price up ~20% over July.Marathon Digital (NASDAQ: MARA) is a leading Bitcoin Mining company which acts as a leveraged way to play Bitcoin. As I mentioned previously, the price of Bitcoin popped by 20% in July (Blue line), however, Marathon Digital (orange line) is up a blistering 134% over that same period.Marathon Digital (Orange) Vs Bitcoin (Blue)(created by author TradingView)The technicals show bullish momentum signs for Crypto and thus I think it's worth diving into Marathon Digital Holdings. A company which has bold management and big plans for future growth. Let's dive into the Business Model, Growth Plans and my price targets for the juicy details.Business ModelMarathon Digital aims to build one of the largest Bitcoin mining operationsin North America. Its mining operations are based in Texas (hosted by Compute North), Montana (hosted by Beowulf) and South Dakota/Nebraska (hosted by Compute North).Bitcoin Mining Operations(Investor Presentation)In Texas, the company is building out and expected to deploy over 100,000 S19 Miners. An S19 is a purpose build mining computer (manufactured by Bitmain). In the Texas facility, the S19s can mine Bitcoin at a rapid 10 EH/s (10 Exahashes per second), where one exahash equals one quintillion hashes. For the uninitiated the "Hash Rate" is basically the speed of mining computed in "Hashes Per Second". This is how fast the mining computer can solve the encrypted puzzle for that block.To add some realism to this whole setup I have included a picture of one of the machines, so you can visualise what the setup would be like. Imagine 100,000 of these machines strapped together in a big warehouse.Antminer S19(Bitmain)Green Mining is a Competitive AdvantageA key element of the company's strategy is its focus on Bitcoin Mining powered by Renewable Energy sources. For example, its largest facility in Texas has 100% carbon neutral mining operations. This is predominately powered by wind and solar farms across the US. They also plan to transition out of its Hardin facility in the third quarter of 2022, to an area of more sustainable power. Powering mining operations from renewable energy sources is a big deal, given global Bitcoin Miningconsumesmore electricity than the country of Argentina! This equates to a 150 terawatt hours of electricity per year.Given the international battle against climate change and the numberof ESG (Environment, Social, Governance) funds, Bitcoin mining has to become sustainable. For example, Shark Tank Investor Kevin O Leary reported in 2021 he won't buy "Bloodcoin" referring to Bitcoin mined from non-renewable energy sources, in a direct quote he stated;“We have compliance on large institutions, we have covenants on how assets are made, whether carbon is burned, whether there are human rights involved, whether it’s made in China.” - Kevin O LearyThis leads to a powerful conclusion that all Bitcoin is not equal. Bitcoin mined from sustainable sources could potentially be worth more than Bitcoin mined from other less "Green" or unverifiable sources. Bitcoin ETF's, institutional investors and even companies which may want to own Bitcoin on their balance sheet will thus likely be inclined to buy "clean coins". As Marathon Digital has verified Carbon neutral US locations, this could give them a competitive advantage.Lowering Mining CostsPart of management's strategy is to "de-risk" the business by becoming more resilient to the potential declines in the price of Bitcoin. Management plans to do this by leveraging its scale to negotiate favorable contract terms and being agile as Bitcoin rises and falls. Another method they can "de risk" operations and improve their margins is by cooling down its machines in an efficient manner. As all that computing power generates vast amounts of heat and thus cooling is a key electricity consumer.Immersion cooling its miners via a dielectric liquid is something management has spoken of in the past. The company forecasts this could result in greater efficiency and the ability to overclock (run GPU faster than standard speed) by up to 40%. However, it should be noted that to set up such an immersion cooling system is expensive and the proof it will work is not defined.Growth StrategyMarathon Digital's growth strategy involves improving Bitcoin production by increasing the hash rate (speed of mining). As you can see from chart below the company has increased its Bitcoin production over time and are holding the asset given the volatility. It was interesting to see the company has a sense of humor as they referred to the "HODLing" of Bitcoin, perhaps appealing to their retail investor base.MARA Bitcoin Mining(Investor Presentation)As of the first quarter of 2022, MARA produced 1259 Bitcoin which was an increase over 1,098 BTC in the prior quarter and was higher than other Bitcoin mining companies in theindustry. At the time of writing the company has 36,830 miners deployed at a 3.9 EH/S speed. As mentioned prior, the Texas facility currently has up to 10 EH/S of mining speed and the company estimates it can grow its overall hash rate to 23 EH/S which is rapid.Management also has bullish growth plans to scale its Bitcoin miners from ~37,000 machines to over 200,000 machines by the second quarter of 2023. These are bold plans but historically management hasstruggledto keep up with its own targets. The good news is they recently scored a win in late July 2022, as they secured capacity for approximately 200 megawatts from Applied Blockchain (NASDAQ:APLD).Value of Bitcoin Holdings?Knowing where the price of Bitcoin will be in the future is extremely difficult to forecast and knowing the true value of it, is pretty much impossible to calculate. However, we can look at a few scenarios of different Bitcoin prices and then estimate the value of Marathon's holdings from this. On the table below you can see I have extrapolated out its total held Bitcoin of 9,673 Bitcoin as of Q122 with various growth rates and scenarios for Bitcoins price.In the "Worst" case (Red), the company produces only slightly more Bitcoin than in Q122 and Bitcoin gets sliced in half to $10,000 (July 2020 price). Given the ecosystem which has built up around Bitcoin over the past couple of years and the number of companies who have added Bitcoin onto their Balance Sheet since then, I deem this scenario to be unlikely but not impossible. That would value the fund's holdings at a mere $135 Million.Given the "Best" case scenario Bitcoin skyrockets back to its April 2022 level of $45,000 and the company increases its production speed to result in 16500 Bitcoins held, valued at ~$810 million. Again, I don't believe this case to be likely in the short term to give the "risk-off" appetite of investors but longer term it's a possibility. Thus if we take the middle scenario of $20,000 for the price of Bitcoin, which is slightly less than the $23k BTC price at the time of writing and then production steadily increases speed, MARA would hold 16,500 Bitcoins valued at ~$330 million. At a market cap of $1.38 billion at the time of writing this would value it at four times its Bitcoin value.Bitcoin Estimates MARA(created by author Ben at Motivation 2 Invest)If I convert the prior calculation over to an approximate price target I get ~$8/share in the worst case, ~$13.50/share in the mid range and $27/share at the high end. Given, current price is ~$13/share I deem the stock to be a "HODL," I mean "HOLD" at the time of writing.RisksMarathon Digital has bold plans, but remember this is based on future estimates. In the trailing 12 months the company produced just $193 million in revenue, with $13 million in gross profit and -$46 million in operating income. Given the company has a market capitalization of ~$1.38 billion, this is a Price to Sales of ~6.83 according to Seeking Alpha. This isn't exactly cheap, but it is 83% cheaper than its 5-year mean price.MARA Revenue Estimates for Next Fiscal Yeardata byYChartsThe company does have a strong cash position of $336 million in cash and short term investments. However, $729 million in long term debt is fairly high given the net income is negative.RecessionBitcoin in theory should be a hedge against Inflation, but so far that correlation has not played out. Historically Bitcoin and Bitcoin mining stocks have traded like risky growth stocks. The rising interest rate environment has caused a major devaluation in many growth stocks and thus retail investor appetite has been subdued. Block (SQ)(Square) saw its Bitcoin trading revenue in its cash app plummet in the last quarter.When people are "feeling rich" they are happy to invest into speculative assets, but when people have their living costs such as Food and Energy squeezed by inflation, saving money becomes a priority.Final ThoughtsMarathon Digital is an established player in the crypto mining industry. Its management is bold and forecast huge growth in the future. The success of this stock will be based upon two factors, the first is management's ability to execute on its growth plans, the second is the price of Bitcoin. The multiple scenarios I laid out show the stock is trading at the middle case scenario for both Bitcoin price (after the recent rally) and production estimates. However, the financials are still based on future estimates and thus the stock is suited for a place in one's speculative portfolio or as a trading asset, but after the recent rally it might be worth holding until the next earnings announcement for the second quarter of 2022.Source: Seeking Alpha$Marathon Digital Holdings Inc(MARA)$
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    • TigerKinna·08-09TigerKinna
      [UPDATE] [Put] More insights at https://link.medium.com/tB1MAOHZlsb CRYPTO SPOT THAT DROPPED> 90% SINCE NOV 2021FETUSDT:90.73%ONEUSDT:93.60%BTCUPUSDT:93.43%ETHUPUSDT:95.35%ADAUPUSDT:98.81%LINKUPUSDT:99.55%BNBUPUSDT:95.66%XTZUPUSDT:96.42%LUNAUSDT:97.94%XRPUPUSDT:98.07%DOTUPUSDT:96.70%LTCUPUSDT:95.68%AUDIOUSDT:91.30%SUSHIUPUSDT:93.06%GRTUSDT:90.41%DODOUSDT:90.86%PERPUSDT:90.04%SUPERUSDT:92.26%TLMUSDT:94.62%MIRUSDT:94.05%SLPUSDT:94.37%MDXUSDT:90.71%XVGUSDT:90.16%CLVUSDT:92.24%RAYUSDT:90.73%MBOXUSDT:91.90%GALAUSDT:92.90%YGGUSDT:92.36%FIDAUSDT:94.60%BETAUSDT:92.18%CHESSUSDT:93.89%DARUSDT:93.14%QIUSDT:95.60%VGXUSDT:94.10%JASMYUSDT:97.29%RNDRUSDT:91.23%BICOUSDT:92.12%VOXELUSDT:94.17%OOKIUSDT:99.67%SPELLUSDT:95.84%GLMRUSDT:91.24%ANCUSDT:98.15%
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    • fitri·08-02fitri
      Tiwugu
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    • TigerKinna·08-01TigerKinna
      [Surprised] Binance BTC/USDT spot monthly Volume ATH closed green. Pity tiny green on the run..[Duh] - Moderate Greed&Fear  index [Sly] - FIL, ICP, PEOPLE : the last batch runner? -------* The digital gold or the "Digital Gold"?* 1 XAUUSD = 1 PAXGUSDT [USD] 
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    • Bobbyz·06-20Bobbyz
      Nice move up for bitcoin [Cool] 
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    • Catnbird·06-19Catnbird
      Hi, I will at 15000.
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    • Yishun123·06-19Yishun123
    • HolyTiger·06-16HolyTiger
      20k is near btm
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    • daz88888888·09-23 09:48daz88888888

      All Hail Crypto’s Resilience : COIN $107 Target

      $Coinbase Global, Inc.(COIN)$ Coinbase Global Inc. has been searching for new ways to make money. One business it flirted with was controversial: using its own money to speculate on cryptocurrencies.Last year, Coinbase—which operates a large cryptocurrency exchange that handles bitcoin and other digital coins—hired at least four senior Wall Street traders and launched a group to generate profit, in part, by using the company’s cash to trade and “stake,” or lock up, cryptocurrencies, according to people close to the matter. The activity was described as “proprietary” trading by the people at the company.Earlier this year, the team completed a $100 million transaction that the group viewed as a test trade of the new effort, according to the people. The transaction came after Coinbase executives testified to members of Congress last year that the company didn’t buy and sell digital currencies for its own account.The monthslong effort to launch the Coinbase Risk Solutions group underscores how Coinbase, which has seen its shares tumble about 70% over the past year, has entertained more aggressive strategies as it tries to develop new businesses.Coinbase says some at the company examined pursuing proprietary trading but decided against it.“Our statements to Congress accurately reflect our actual business activities,” a Coinbase spokeswoman said. “Coinbase does not, and has never, had a proprietary trading business. Any insinuation that we misled Congress is a willful misrepresentation of the facts.”The Coinbase spokeswoman added that“Coinbase Risk Solutions was established to facilitate client-driven crypto transactions,” and “conflict of interest mitigation tools and policies” were in place in the group.There are no regulations preventing firms like Coinbase from trading digital currencies alongside their clients.In the past, investment banks operated proprietary trading groups that were active in stock and bond markets, while also doing “agency” trading, or trading solely on behalf of customers.Rules on banks restricting speculative trading imposed in 2010 were eased somewhat a few years ago, and Coinbase was never subject to these restrictions. Still, regulators and politicians have long worried that speculative activity by firms like Coinbase in nascent crypto markets could harm clients. When a financial firm invests money for its clients at the same time it invests its own money in the market, it can lead to risks and potential conflicts of interest with clients. For example, a firm buying or selling the same investments could drive up or down the price of these investments, hurting the clients.In July of last year, Coinbase established the Risk Solutions unit to trade crypto for clients. The group also made plans to begin making trades with Coinbase’s cash, among other strategies, according to the people close to the matter.The team built sophisticated trading systems to enable this trading, according to the people.Coinbase Chief Financial Officer Alesia Haas was involved in creation of the unit, which was led by Brett Tejpaul, Coinbase’s head of institutional sales, trading, custody and prime services, the people said. Employees were discouraged from sharing information about the new trading business or discussing it in internal communications, the people said.
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    • Bonta·04-12Bonta
      Based on conventional economics, pricing isdecided by demand and supply.If supply is constant, but demand increases, prices increases. If demand drops, so does prices. if we look at this theory, as long as Bitcoin quantity is lesser and lesser, by right Bitcoinwill continue raising. Btw, even the limited supply of Bitcoin, is manufactured scarcity. Self imposed scarcity.However, the more important question will be, can the demand for Bitcoin increase forever? Is there even a real demand for Bitcoin for practical reasons? The only demand that I can see so far, is that someone will pay higher to buy from me. Is this real demand or is this pure speculation? If it's speculation, will the bubble popPeople say that Bitcoin is a currency? Is it legal tender then? It's not. Stable economies won't use it, as it will destabilise thE economy. The country will lose control over its currency. In fact, countries will want to regulateor even ban its usage.What about using Bitcoin as a form of exchange? How do We even use something that value changes every few minutes to buy a Big Mac from MacDonald's.Use as a hedge? Does Bitcoin behave like gold? In times of problems, it goes up when stock market crashes? there are no signs that Bitcoin can hedge against market crashes,in fact, it may fall faster than market crashes.Use against inflation? If Bitcoin hedges against inflation, shouldn't be value continue to go up in times of high inflation? Y is it falling? If there are no real world uses for Bitcoin, then what's the real value for Bitcoin? The limited supply is fabricated by its system. The demand is created by people who is looking for the next person to offload it to.The feeling is like a dog chasing after it's own tail.If supply shortage is fabricated, and demand is an illusion, then what is Bitcoin's actual worth?Frankly, I dun care. There are so many otherways to invest with much lesser risk. Last time I want, is to be stuck in a game ofpassing the bomb, and see who is the last man standing. In summary, the price where I will buy Bitcoin $0.
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    • Bonta·03-29Bonta
      Yes. Bitcoin will jump above $50k. If AMC with 1 leg in coffin, can invest in a mining company with also 1 leg in The Coffin, yet market rallies more than 40%. Bitcoin will do the same. I guess people do maths differently. Some people add like this, (1 leg in coffin) + (1 leg incoffin) = bounce to the moon.Guess my equation of (1 leg in coffin) + (1 leg in coffin) = Rest In Peace. Doesn't work around here I guess. Bitcoin is even more mythical.value of Bitcoin is derived from having fixed quantity in the world? If so, just get Elon musk to sign on 10000 different sized rocks with a unique signature and make him promise not to use this signature ever again. There u have it. A new currency that's Unique, limited in quantity and backed by Elon musk himself. Maybe we should sell this idea to him. [Cool] Is it true that Bitcoin transactions can't be traced? maybe u would be interested in this article. https://www.businessinsider.in/investment/news/bitcoin-does-not-make-payments-anonymous-just-really-hard-to-trace/amp_articleshow/85068905.cmsIn addition, the war in ukraine makes it evenworse for Bitcoin. It supports ukraine but it also helps Russia avoids sanction. If Bitcoin Can allow Russia to avoid sanctions, will the countries imposing sanctions on Russia allow bitcoin's long term survival? The worth of Bitcoin To me is built on the greater fool theory. Last man take all. when retail investors play speculation with the whales, be prepared for the flip of the whale's tail. In conclusion, short term Bitcoin will fly somewhere, anywhere. maybe to the moon with $AMC Entertainment(AMC)$ ?Long term, may the last man standing with Bitcoin be blessed with lots of good luck. 
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    • Tiger_chat·09-21Tiger_chat

      Bitcoin Falls Below $19,000; Will You Avoid Crypto/Buy The Dip?

      Bitcoin fell again to its lowest point in three months, dropping below the support level of $19,000. The bitcoin price is down about 70% from its record high of $69,044.77 on Nov. 10, 2021.The digital currency has been falling since this year because of the strong dollar due to interest rate hikes. Recently, SEC claimed all of Ethereum falls under US jurisdiction, which also triggered panic among investors.1. Why is $19,000 important?Mati Greenspan, founder of Quantum Economics, has pointed out that the $20,000 is a key point for Bitcoin. $20,000 was the high hit by Bitcoin during its last bull cycle in late 2017 and has acted as support and pressure levels many times during Bitcoin's price gains since then.Katie Stockton of Fairlead Strategies sees long-term support for bitcoin between $18,300 and $19,500.Analysts believe that cryptocurrencies generally open a continued downward path after falling below technical-level support levels.2. Bitcoin Will Drop To...Let's look at analysts' take.Data from tradingview and analysts' takeawaya: Mark Newton, a strategist at Fundstrat Global Advisors, said:a "really significant area" at around $17,500, close to the June lows.b: DailyFX analyst Legan Tang saidTechnically, last week's pullback was the start of a new downtrend, and a short-term break below 18,500 would open up a decline towards the June low of $15,000.c: Sam Callahan, a bitcoin analyst at bitcoin exchange Swan, also believes that bitcoin could fall more than 80% from its all-time highs, based on the experience of previous bear markets. This means bitcoin will fall to $13,800.d: Goldman Sachs warned thatbitcoin is at risk of a collapse to $12,000.In addition to analysts' opinions, data also revealed information.Bitcoin options contracts that will expire at the end of 2022 show that most traders are betting that the price of bitcoin will fall to the $10,000-$12,000 range.Have you invested in bitcoin or other crptocurrencies?Do you think bitcoin has reached the bottom?Share your opinions in the comment section and win tiger coins~
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    • expertrader·09-09expertrader

      Is This The End for Ethereum?

      I think that Ethereum will succeed, but here are some warning signs that may undermine its success.Courtesy of Pexels.comEthereum is the darling of the crypto world.Decentralized, massive adoption and with many use cases, it is the coin that every other cryptocurrency aspires to be.With the Merge just around the corner, the network will gain one more advantage.Switching to a proof-of-stake (POS) protocol has been in the works for years. Currently, Ethereum runs on a proof-of-work (POW) protocol which is massively energy inefficient.At the same time, it allows anyone with enough ETH staked to gain rewards for sustaining the network. This is unlike the current POW model that only rewards miners.Hard ForkAs we edge closer to the Merge, Ethereum's price steadily increases. This is not surprising as the hype build-up and the future holds for Ethereum can excite anyone.However, some argue that a vast sell-off is imminent.This is because of a possibility of a hard fork.Many miners are unwilling to support the Merge as it would impact their profits significantly. This is because they cannot mine new blocks for the network to gain rewards.At the same time, they will be sitting with a lot of unused mining equipment. As a result, these miners may be forced to migrate to another POW network like Ethereum Classic.The latter has shown a substantial increase in hash rate.Screengrab fromhttps://2miners.com/etc-network-hashrateThis might seem simple enough until we look deeper.ChaosThe chaos of the hard fork comes when Defi projects and other protocols using the Ethereum network have to decide how they would go about after the Merge.If there happens to be a hard fork, these projects have to decide which one they would follow.We can see that this can cause a lot of confusion and chaos.And with every confusion in the markets, we can expect intense volatility.Short Squeeze?From what we have experienced in GameStop, a short squeeze happens when bears are forced to close their short positions leading to an upward tick in price.This leads to a sharp rally.Analysts have argued that the following might happen:Perpetual futures open interest ratios are at all-time highs. This means that there are a lot of bets made on leverage. This increased the probability of a squeeze happening. A bearish position in the perpetual futures market indicates a possible short squeeze.Short squeeze followed by a dump. As many people exit their positions after being tempted by the high rise in the price of Eth following the short squeeze, Eth will experience significant volatility.What to expect?We can only wait to see what happens.But I am expecting a decent level of volatility to come. So it might be smart to buy some at the current prices.If the short squeeze happens, it might be an excellent opportunity to collect some profits.$Grayscale Ethereum Trust (ETH)(ETHE)$  $Grayscale Ethereum Classic Trust (ETC)(ETCG)$  $Bitcoin Group SE(BTGGF)$ Follow me to know more updated analysis!!
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    • MagicLea·04-08MagicLea

      Elon Musk’s crypto twitter timeline: how’s dogecoin going on?

      Hey guys, today I want to talk about Musk, not about Tesla$Tesla Motors(TSLA)$ , but his another favorite: Twitter$Twitter(TWTR)$ . Musk, as the most famous&richest man in the world, has more than 8million followers on twitter, in other words, every sentence he said can bring a storm to market. When he changed his Twitter bio to ‘#Bitcoin’ in late January, the price of Bitcoin jumped nearly 20% in a matter ofhours. Musk first started tweeting about cryptocurrency in January 2018 with Musk-founded The Boring Company's release of flamethrowers: But wait, there’s more: the flamethrower is sentient, its safe word is “cryptocurrency” and it comes with a free blockchain — Elon Musk (@elonmusk) January 29, 2018 Some Musk’s tweets about cryptocurrency: Some timepoints when Musk sent relevant tweets: From February 2018 through at least February 2019, Musk publicly maintained via Twitter that he owned no cryptocurrency aside from 0.25 BTC that a friend had sent to him. But in April of that year, Musk declared, "Dogecoin might be my fav cryptocurrency. It's pretty cool." Then in the latest years, Musk helped push Dogecoin's price upward from under a penny in January 2021 to a high of $0.73 on the day of his May 2021 "Saturday Night Live" appearance. Does dogecoin valuable? The following charts are the transaction counts and price of dogecoin. From the compiled chart, it's easy to see that the increasing number of tweets has led more people to pay attention to Dogecoin, and some of them are even pouring into the carnival. But another data pattern that was quite spooky was that dogecoin prices peaked on the day or the day after the highest number of tweets. This means that the carnival usually comes and goes quickly, and the "carnival day" is most likely the "harvest day". Now, in the bearish market, Dogecoin is not as popular as before, this warns us to be careful to the phenomenon of ‘Social media effect’ and ‘Musk effect’. Dogecoin is recognized as a kind of [altcoin], means it has no true value but speculation. What do you think of Dogecoin? Will you follow Musk's tweets? Let's talk in comments!
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    • Owen_Tradinghouse·06-02Owen_Tradinghouse

      What happened ?Biden holds rare meeting with Fed chair Powell

      ​Just last night, which is, the last trading day in May, the three giants who control the US economy met, one is Biden, the other is Federal Reserve Chairman Powell, and the other is the current Treasury Secretary and former Federal Reserve Chairman Yellen.This meeting was led by Biden administration, but after such a high-level meeting, no decent news broke out,。​​​Obviously, this is a finding responsible person for inflation meeting. Biden wants to throw the responsibility of inflation to the Federal Reserve, so as to save his poor support rate before the November election. Unfortunately, it doesn't help. This meeting is almost useless except that the market, which finally started to rebound, loses its direction because of the resurgence of inflation concerns.Come and listen to what Biden has saidThe general meaning of Biden's speech is: Although his first task is to curb price increases, this is mainly the responsibility of the Federal Reserve. My principle of doing things is to respect the Federal Reserve and its independence. I have done this before and will continue to do so in the future.This is not all Biden wants to express. Just one day ago, The Wall Street Journal rarely published a signed article by current President Biden.The headline is as following picture​​​The whole article can be summarized in three sentences: he will: first, let the Fed raise interest rates as needed; Second, reduce household costs by increasing the productive capacity of the American economy; Third, reduce the federal budget deficit.The link is here:Https://www.wsj.com/articles/my-plan-for-fighting-inflation-joe-biden-gas-prices-economy-unemployment-jobs-covid-11653940654This means that the path of interest rate normalization can proceed normally, the supply of products will not be hit, the market demand will continue to grow, and the federal government will not expand the deficit to stimulate the economy.Is there such a fairy-like way? If so, it should have been used before the last economic crisis.Biden seems to be playing hide-and-seek with the market, and the technique of drawing cakes is too unbelievable. When the market can't understand the Biden administration's statement, it is often the time when bad news is brewing. Do you still remember a sudden RRR cut before the introduction of strong supervision measures of  China last year? When the market can't understand some good news, it tends to develop on bad expectations.Just like now, why do three important high-level figures meet at this time? And there is no substantial economic policy release? On the contrary, President Biden should emphasize the independence of the Federal Reserve and attribute the responsibility for inflation to the Federal Reserve?The only possible explanation is that there must be something big wrong with the American economy, which will not be solved for a while and will affect the contest between the Democratic Party and the Republican Party in November.I quickly scrambled the recent macro data, and found that the data was still so ugly, but it was far from saying that there was a sudden black swan.Looking at the current inflation trend, the nominal inflation rate is indeed the highest since 1989.​​​Let's take a look at the post-wage growth rate of workers eaten by inflation, that is, the real wage growth rate. After Biden took office in January 2021, it began to fall, and the red decline continued to expandSo, why is Biden washing? I'm afraid it's hard for him to get rid of the pot of inflation.Secondly, it is worth noting that there is a terrible trend in the real estate sector.House prices remain high and continue to rise​​​But at the same time, housing sales data are plummeting wildly​​​Home mortgage data has collapsed​​​Imagine what Americans use to support such high housing prices. If the Fed keeps raising interest rates, will the housing market crash follow?However, after checking the trend of the real estate sector in the next secondary market, it seems that it has not started to crash.Finally, there is a huge scissors gap between food production and food prices​​​At present, the contradiction in food remains to be solved.Fortunately, the price of crude oil is still at a high level and fluctuates, and there is no sign of breaking the position and rising. Although the EU has started the embargo, the waiting period, embargo time and measures in the embargo agreement are all serious injuries, which cannot have much impact on the price of crude oil.Let's look at the latest US economic accident index in May, which has broken the position and dived. It seems that the recent macro data exceeding expectations has been very rare​​​On the whole, The U.S. economy is still on the verge of recession, Apart from the crisis that has been priced in the market, there is no new black swan. The only thing to be careful is the sudden collapse of the real estate sector in the secondary market. If the house price is not taken over and the exposure to the broken capital chain is expanding, it will be the second Lehman crisis. Although it is dangerous now, there is no sign of outbreak.We still adhere to the previous judgment, US stocks will continue according to the current rebound trend, the 20-day moving average is an important emotional turning point, but this period of market is still a bear market rebound​Review: Are they all bargain-hunting bear markets? Are they all crazy?​Finally, let's talk about where the Fed's put options areEvery bear market has a hidden Fed put option, which is the bottom area of the bear market. At that point, you can choose to sell put to collect royalties, and it is unlikely to fall further.​​​From this technical chart, S&P has only reached the first Fibonacci resistance level.The average decline in all previous bear market histories since 1950 is another 16 percentage points at the entrance to the bear market, or 16% after the S&P plunged 20 percentage points from a 52-week high, the averageThe bear market will fall by another 36% or so.​​​Therefore, it is expected that the bottom of the bear market when the Fed really rescues the market (such as stopping raising interest rates, even cutting interest rates, or stopping shrinking the table) will be at the last Fibonacci resistance level, that is, 61.8%, around S&P 3200 points.Don't forget, June 1st is the big day when the Fed starts to shrink its balance, Even if the bear market continues to jump upward, the situation will be quite volatile.$NQmain(NQmain)$   $YMmain(YMmain)$   $GCmain(GCmain)$   $CLmain(CLmain)$   $ESmain(ESmain)$
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      What happened ?Biden holds rare meeting with Fed chair Powell
    • MHh·03-28MHh
      I have been eyeing cryptocurrencies for a while but have not had the guts to get my feet wet in view of the volatility. The critical question is whether the 50k is achievable THIS WEEK. Cryptocurrencies were first thought to be a great hedge against traditional assets. However, they have been hit by regulatory or rather, the lack of regulatory concerns. More importantly, in the recent stock downturn, crypto has fell along. The Russia-Ukraine war added uncertainty and sell off like the rest of the stock market. These raise concerns of itsutility as a hedge. I believe part of the rise is Biden's executiveorder for it to be regulated. In other words, if it can be regulated, then it can be accepted as mainstream and likely here to stay. It is officially recognised as a form of digital asset; a medium of exchange that has real stored value much like the currencies that we are familiar with. You may also see it as 'alternative currency' in that aspect. As mentioned previously, the observation by the general market is that it mirrors the stock market. They seem to be correlated for some reason. The confidence of investors have returned in spite of the rate hikes and the ongoing war. One way of explaining this confidence in spite of the rate hikes is perhaps the hope that the Fed is still in control of the situation as rate hikes remain an option to combat inflation. However, whether these rate hikes are sufficient or the Fed is indeed behind the curve, only time will confirm. Using the general observation of its correlation with the general stock market, I do NOT expect it to hit 50k this week (more likely tobe achievable in a longer time period like end of this year). If unemployment remains down or decreased, the fear of inflation and even stagflation will return. The stock market will fall in response to fear, bringing bitcoin along....
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    • Papa Bear·08-28Papa Bear
      $Marathon Digital Holdings Inc(MARA)$  BTC dipped below 20k briefly, Mara will likely fall into single digit territory soon. A good candidate for shorting if you believe current bear market is still intact. Otherwise hodl and sell covered call options. Alternatively buy put options to protect your downside. Prepare for a more chilling crypto winter. [Sad] 
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    • MagicLea·04-07MagicLea

      High-risk, High volatile, Is BTC still the ‘Digital gold’?

      Hey guys long time no see. There has pasted 1 month from the conflict between Ukraine&Russia, I am keeping watching the trend of cryptocurrencies still. I do believe someone had earned a lot from the big shock, don’t you?🤣 For news these days, ProShares, an asset manager, filed a filing with the SEC on Tuesday to launch an ETF to short bitcoin futures. ProShares' proposed ProShares Short Bitcoin Strategy ETF will track the inverse performance of the CME Bitcoin futures index, according to a filing with the SEC.$ProShares Bitcoin Strategy ETF(BITO)$ If approved by regulators, the ETF would be the first U.S.-traded ETF to short bitcoin futures. Now let's see the market change: Late 2021, BTC rushed over $60,000, almost bring the whole market to the peak, then started go into the bear market. Accompanied by shocking economy, political restriction and international conflict, BTC price keeps high and volatile. In short, the price is near the support level and will be rebounce very soon, the trend is not clear but I still believe there is a large probability that it will go upward. From long prospect, in the next few months BTC will still keep high with shocking. People always say don’t be afraid of down trend but static, whether go down or up, that means there are transactions. But the FOMC decided to raise the target range for the federal funds rate by 25 basis points to 0.25% to 0.50%, according to the statement. And the FOMC is expected to begin reducing its holdings of Treasuries, agency debt and agency MBS, which means in the long run, people might be guided to transfer their treasure in stable assets from high-risk assets, cryptocurrencies were thought to be influence at first. By the way, the security is also a crucial problem right now. As publishment said, blockchain technology is now the securest technology, however, we still can see cryptocurrencies be stolen. One of the most famous news is Jay Chou’s NFT(non-fungible token), which is worth about $500 thousand, was stolen a week ago. Before this, on February 1, 2022, stolen Bitfinex bitcoins were transferred to an unknown wallet and after 23 transactions. The funds, worth $540 million at the time of transfer, are suspected to be associated with the Cryptsy theft. Is blockchain really safe? 🙄 At last Before 2022, most of my friends invested in BTC according to the belief in decentralization, but with more and more people joining, especially some tycoons like Facebook$Meta Platforms, Inc.(FB)$ , Apple$Apple(AAPL)$  start to build metaverse, which is also based on blockchain technology, their belief changed to chasing speculation. What I want to say is, never follow what most people do. It’s really dangerous if you invest without a basic understanding. Especially in crypto market, it is nearly a zero-sum game, information gap will always lead to a slaughter. So, do you think cryptocurrency is a good investment? Will you choose to invest in it in the future? What do you think is the target price of BTC? Pls leave your comment below!
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      High-risk, High volatile, Is BTC still the ‘Digital gold’?
    • MillionaireTiger·03-28MillionaireTiger

      Will Bitcoin jump back above $50k this week?

      Bitcoin’s stealth rally over the past two weeks has brought it above $45,000 on Sunday for the first time since March 2...  It's now at a key level according to many analysts. Will it break above to continue its upward path? $BTCmain(BTCmain)$ $ProShares Bitcoin Strategy ETF(BITO)$ Click here to enter ​​​the TOPIC page to post your idea>>​​  Here comes our topic today:  Do you trade cryptos? Do you think Bitcoin will jump back above $50k this week or not? And why? [Rewards] 1. One Tiger with the most high-quality analysis will be given 1,000 coins 2. Tigers will be given 50-200 coins randomly according to the quality and users' interaction of their post  [How to participate]​​  Enter the TOPIC page to make a post >>​​ (Please note: comments posted under this article will NOT be counted!)
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      Will Bitcoin jump back above $50k this week?
    • Big Cat·03-29Big Cat
      Do you trade cryptos?Nope, I don't trade crypto.Why?1. Because I knows nothing much about it.2. I only knows it does not has an "asset values" & can earn lots of [USD] [Sly] , something closed to gambling & yet not[Grin] .3. Another reason is that I feels not safe putting my [USD] there due to those "hacking" + "money laundry".4. Some governments make it become "decentralised" & even banning on them[Speechless] .Hence, I finds it not worth it "for the time being"[Grin]  . I stills preferred investing in stocks over cryptos.Do you think Bitcoin will jump back above $50k this week or not? It's not surprising that it "may" happen as we all know how "volatile" Bitcoin is [Grin] . I think crypto may be worth investing if countries starts to accept it.Reasons:1. As far as I sees, I think crypto should be worth to investing in as "big companies" have started to accept them.2. In fact if u own cryptos, u can earn interest on some platforms & those interest rates are so high as compared to banks [Miser] .You does not have to be an active cryptos trader[Grin] .3. It's something like a digital money transaction which make trading more easily, I guess?Why I'm still not investing in cryptos?As mentioned above[Duh] .Main reasons are I don't have the guts + extra [USD] to invest on it.Also it tiring to go find out those complicated commission rates. There're so many trading platforms out there & not applys in Singapore🇸🇬. DYODD before investing [OK] 
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    • expertrader·09-11expertrader

      Why is Bitcoin rallying in 2022?

      On the list of failures, cryptocurrency has failed to fulfil its purpose of being a store of value.Courtesy of Pexels.comThus, when the charts began to trend upwards as of Friday, I began to wonder, what could be the trigger for such a rally?Is it another bear market rally?Or has the Queen’s passing got to do with it?That couldn’t be. (RIP Queen Elizabeth).In this recent rally, the granddaddy of cryptocurrency, Bitcoin, can clinch above the $20,000 psychological mark.Weakening US DollarAccording to CNBC, the weakening of the U.S. dollar sparked the rally. The Dollar Currency Index reached 110.7 before weakening throughout the rest of the week.Bitcoin Breaks Past $21,000, Inspiring Market-Wide RallyBitcoin has broken $21,000 after sitting below $20,000 earlier this week. The surge has helped the crypto market bounce…cryptobriefing.comCurrently, Bitcoin trades at $21,294 as of writing, 7.44% in the green in the past five days.However, the cryptocurrency is still down 53.68% YTD.Gone are the days of Bitcoin going to the moon?Speculation, as usualSurprise, surprise. Another speculative play by investors pushed Bitcoin upwards of $21,000. That rally was over 10%, the most significant gain in six months.However, it won’t surprise many if this turns out to be a short-lived rally.There isn’t any change in the current macroeconomic environment, and investors are generally still wary of the impending high inflation and recession fears.Jerome Powell reiterated the Fed's hawkish stance during the Jackson Hole meeting.On the other hand, however, Ethereum seems to be gaining traction as we move closer to the Merge. It was announced to happen in September 2022.ConclusionSafe to say, we are still unsure what the Merge's impact would be until after the event happened, especially in a hostile macroeconomic environment. For now, we can only wait and see.Follow me to learn more about analysis!!$Bitcoin Group SE(BTGGF)$ $Grayscale Bitcoin Trust (BTC)(GBTC)$ $ProShares Bitcoin Strategy ETF(BITO)$
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      Why is Bitcoin rallying in 2022?
    • Wayneqq·03-29Wayneqq
      Crypto is the next technological frontier.. It is a disrupter technology similar to the internet, electric vehicles and all forms of technology that forces traditional industries to wake up and change or be obsoleted.. In this case, crypto has the ability to obsolete existing financial behemoths like traditional banking.. credit card and payment companies.. contracts and third party verification companies.. and eventually the monetary system as we know it now..Just like the internet.. the technology is here and it is not going away.. whether people like it or not.. they have to find a way to incorporate it in their lives and businesses or risk being left behind.. No doubt there will be enormous resistance.. people fear what they do not understand.. and no doubt this phase will pass and once people can see its benefits and convenience with the right application in their daily life.. things will change very fast just like the convenience of e-commerce.. As for me.. i have a small part of my portfolio in crypto.. because i can see the potential in the technology and how it will be as pervasive as the internet in future.. The price action of crypto is because the entire monetary system is still built on fiat currency system.. Everything is traded of fiat currency.. with USD as the world reserve currency.. crypto will eventually take over as the currency ofchoice and when that happens.. it will be meaningless to think of it in terms of how much one bitcoin is worth per dollar.. but as of now.. vast majority are still fixated on this..I believe bitcoin price in USD will still go up asthe amount of fiat currency printing will eventually have to be accounted for in some way.. bitcoin on the other hand cannot be printed and has an upper limit as dictated by its algorithm.. so this scarcity will make inflation a thing of the past.. very similar to how gold and silver is.. a true store of value..Stay safe.. stay invested.. and keep an open mind..Also.. for those people who say bitcoin can beuse for illegal purposes and money laundering.. go find out which fiat currency is currently on the top of the list of choice that illegal criminals are using for their activities.. no price for guessing the right answer [LOL] that is USD.. go think about it.. [Grin] 
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    • Furore·03-29Furore
      I would say it's all about some and demand.It is possible for Bitcoin to jump to jump to 50k within this week and definitely in the near future if it doesn't make it by this week. Financial sanctions on Russia and removal of Russian banks from SWIFT surely will have a negative financial impact on Russia. They could ignore it on a short term basis, but as time drags on, the burden will set in. Hence, crypto currency will be their next best option of doing financial transactions with the rest of the world such as of payment and receipts. Anonymity and difficulty in tracking and and monitoring seems to be the best way to get around these sanctions and measures taken against Russia.That being said, demand for these crypto currencies will said and Bitcoin being the largest and most widely known and traded crypto currency will stand to benefit the most. Supply-wise, mining of coins is getting increasingly difficult and requires more time. There is a limit to how many that can be eventually mined.With demand on the increase and when supply is slowing down with a limited number of coins that can be mined, it's only a matter of time that trading above $50k is a norm. Therefore it's possible for Bitcoin to hit 50k within this week, and a definite in the near future.
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    • TigerKinna·08-09TigerKinna
      [UPDATE] [Put] More insights at https://link.medium.com/tB1MAOHZlsb CRYPTO SPOT THAT DROPPED> 90% SINCE NOV 2021FETUSDT:90.73%ONEUSDT:93.60%BTCUPUSDT:93.43%ETHUPUSDT:95.35%ADAUPUSDT:98.81%LINKUPUSDT:99.55%BNBUPUSDT:95.66%XTZUPUSDT:96.42%LUNAUSDT:97.94%XRPUPUSDT:98.07%DOTUPUSDT:96.70%LTCUPUSDT:95.68%AUDIOUSDT:91.30%SUSHIUPUSDT:93.06%GRTUSDT:90.41%DODOUSDT:90.86%PERPUSDT:90.04%SUPERUSDT:92.26%TLMUSDT:94.62%MIRUSDT:94.05%SLPUSDT:94.37%MDXUSDT:90.71%XVGUSDT:90.16%CLVUSDT:92.24%RAYUSDT:90.73%MBOXUSDT:91.90%GALAUSDT:92.90%YGGUSDT:92.36%FIDAUSDT:94.60%BETAUSDT:92.18%CHESSUSDT:93.89%DARUSDT:93.14%QIUSDT:95.60%VGXUSDT:94.10%JASMYUSDT:97.29%RNDRUSDT:91.23%BICOUSDT:92.12%VOXELUSDT:94.17%OOKIUSDT:99.67%SPELLUSDT:95.84%GLMRUSDT:91.24%ANCUSDT:98.15%
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    • SG 88·08-31SG 88

      What’s up Crypto

      Bitcoin having well known in cryptocurrency world shattered since its all time high in Nov 2021 to now hovering around $19,800 at the time of this writing.Ethereum also suffers the same catastrophe to now the present value of $1,500.Does that means that its time to look into Bitcoin and blockchain Penny Stock to ‘spice up’ some action?Do take note that investing on these companies does need some element of ‘strong heart’ to face the price volatility. Though some would argue that what’s the point of having cryptocurrency if such activities would not only huge investment but also some power consumption demand as well.It’s estimated the global cryptocurrency mining market would reach $4.5 billion by 2026 Vs $ 4 billion in 2020, with CACR grow rate of 2.7% for next coming five years.Mining Cryptocurrencies needsto complete a computation that creates a 64-digit hexadecimal number (hash) for that bitcoin that..goes into public ledger for anyone to confirm that transaction in order for that particular bitcoin to happened which means..computing power is required which means...multiple graphic cards which means…energy is needed… estimated one bitcoin transaction takes 1,449kWh to complete (roughly 50 days of power for average US household - Digiconomist's Bitcoin Energy Consumption Index.With average cost per kWh in US 10.42 cents, a bitcoin transactions generates approximately $151 energy bill.Using so much energy is bad for the environmentUS alone account for 60% energy sources in fossil fuels termsFossil fuels produces carbon dioxideCarbon dioxide absorb heat from the sun that creates greenhouse effectWildly climate change is caused by greenhouse effectWould you invest in cryptocurrencies or crypto miners companies?What factors would determine you to invest on?To what extend miners’ capacity in cryptocurrencies mining?What major cryptocurrencies would you prefer?Does the volatility excite or scare you?@TigerStars @MillionaireTiger 
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      What’s up Crypto
    • koolgal·03-30koolgal
      Bitcoin - You either love it or hate it but you can't ignore it.  Ever since President Biden signed an executive order on cryptocurrency on 9 March 2022 which calls for government agencies to create a plan to regulate cryptocurrencies, Bitcoin has jumped.  It has seen an increase of 15% over the past week alone. Will the Bitcoin crypto rally continue?   My answer is Yes!  In view of the current Ukrainian war, Bitcoin is seen as an alternate source of money.  It is hard for central governments to regulate it as it is decentralised.  It is also a scarce commodity as there can only be 21 million Bicoins issued.   But will Bitcoin hit USD50,000 this week?  It is possible.  The current support is USD47500. As part of my diversification strategy, I do have a small exposure to Bitcoin.  I believe that in the long run, Bitcoin will be recognised as an important mode of monetary exchange.  It may even hit USD100, 000! I am planting the seed now so that it can grow into a tree. @TigerStars  
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    • Daveforceone·08-20Daveforceone
      Bitcoin alertBitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading. Bitcoin plunged from $22,738 to below $21,12.34 at 4:00 p.m. ET, according to CoinDesk data. Earlier in the morning, the cryptocurrency fluctuated between $21,500 and $22,000.It comes shortly after the wor
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    • CaptainTiger·06-14CaptainTiger

      Bitcoin Price Set to Fall Below $20K?

      Bitcoin has been under intense selling pressure recently... It is currently below $25,000, and it is trading at levels last seen in December 2020. The entire market is bleeding, and the global cryptocurrency market cap has fallen below $1 trillion...  $ProShares Bitcoin Strategy ETF(BITO)$ $BTCmain(BTCmain)$ Bitcoin Price Set to Fall Below $20K? Where's the bottom for Bitcoin? Click here to join the Topic & win coins! [Rewards]1. One Tiger with the most high-quality analysis will be given 1,000 coins2. Tigers will be given 50-200 coins randomly according to the quality and users' interaction of their post[How to participate]​​​Enter the TOPIC page to make a post >>​​​(Please note: comments posted under this article will NOT be counted!)
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      Bitcoin Price Set to Fall Below $20K?