Author: dfmines

Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing in products related to the crypto space.

I own just a little over one whole Ether coin. Perhaps not much compared to many but I’m mulling over if I should stake some or all of it. Naturally my main concern is having to lock it in until 2.0 drops. But the potential gain is very attractive. My intention with Ether is purely…
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Ok dont make fun of me, i only look because its funny. But it seems like the conversations for yahoo finance have been removed for all crypto. Anyone have any idea why? Googling this is hell because either i suck at it or i just suck at it. Thanks for any info! submitted by…
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Famed finance author Ric Edelman has said that crypto is still in the very early stages, comparing it to the internet right before the big boom. The crypto market which is a little over a decade old has grown exponentially in its short time in existence. At its highest, the market grew to $3 trillion surpassing the valuation of some of the most valuable companies in the globe. Despite this growth, the market still has a lot of growing to do and Edelman believes this is only the beginning. Comparing Crypto To The Internet It is estimated that there are 130 million users of the crypto market currently. This number has grown from the previous years but still remains a tiny fraction of the world’s population who are yet to come into the market. Edelman, speaking with CNBC, explained that the crypt market now is similar to what the internet was 20 or 30 years ago in its growth pattern. Related Reading | Jack Dorsey Launches Bitcoin Defense Fund To Aid Devs Facing Litigation This is not the first time that the space would be compared to the growth of the internet. The growth pattern of crypto has closely mirrored that of the internet, albeit at a faster pace, and if history is to be followed, then the next five years could very much see explosive adoption for cryptocurrencies. Edelman continues on to say that crypto is an innovative technology that is allowing businesses to operate faster, which is what is driving the adoption of the digital assets. Basically, the market is still in its early innings and is yet to see real growth. “This is really like the internet back 20 or 30 years ago. We have to recognize that this only comes along once in a generation,” Edelman told CNBC. “The innovative technology is allowing businesses to operate faster, cheaper with greater transparency, greater security, and this is why businesses are falling over themselves with development of blockchain technology.” Cryptomarket recovers above $2 trillion | Source: Crypto Total Market Cap on TradingView.com Getting Ready For Explosion With the growth of crypto strongly correlating with that of the internet, Edelman places the current growth of the market at where the internet was in the 1990s. Recall that the internet did not really take off until the late 90s, where it became the ‘thing’ to have. For crypto, it is nearing this point. “We now have the benefit of experience. We know how the internet just exploded in growth through the 1990s. That’s where we’re at today – incredibly early for the investors who are recognizing the opportunities that aren’t going to exist 10 or 15 years from now the way they exist today.” Related Reading | Highlighting Risk: These Crypto Coins Carry The Most Leverage Additionally, Edelman adds that if blockchain technology can be implemented by the Transportation Department which has nothing to do with the movement of money, it shows the broad and significant value of the technology. The crypto market has now recovered to the $2 trillion mark after a series of crashes and dips that rocked the space. As digital assets begin another recovery trend, this number will continue to rise. Featured image from Daily Advent, chart from TradingView.com

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The credit rating agency believes El Salvador’s Bitcoin experiment has elevated the country’s risk profile and could limit its access to foreign debt markets.

Hey all, I’d like to share 2 pieces of news from Privacy Protocol Mysterium ($MYST) released this month. 48 hours ago, the project announced on Twitter that they have reached an exciting technical milestone by achieving more Exit Nodes than TOR! With over 11325 providers running Mysterium nodes. Larger node distribution means fewer attack vectors…
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Bitcoin price is at a pivotal zone, nearing a potential point of no return for bulls. However, the weekend forecast could suggest sunnier skies are in the future, so long as BTCUSD holds above the weekly Ichimoku cloud. Here is a closer look at BTCUSD weekly timeframes “at a glance” using the Ichimoku Kinko Hyo. Bitcoin price is holding above the cloud | Source: BTCUSD on TradingView.com Weekly Bitcoin Price Action At A Glance Using Ichimoku Using nothing more than the naked Ichimoku chart above, BTCUSD weekly has touched and found support at the cloud – also called the Kumo. The blue conversion line is above the maroon-colored base line, indicating the market is still bullish, but consolidating. A bullish trending market would see Bitcoin price trading above both lines. Touching the cloud itself isn’t always significant. However, only weekly timeframes, retesting the same cloud is what kickstarted the bull run. Flipping the Ichimoku cloud started the bull run | Source: BTCUSD on TradingView.com Losing the cloud would be substantial. It could mean the bull cycle has finished, or that extended consolidation is ahead. The last time the weekly cloud was lost was the Black Thursday collapse in March 2020. The Ichimoku is among the few technical indicators that focus on both time and price. Tapping the cloud means that it is time to look for other signals for more confirmation. Three potential supporting reversal signals can be found | Source: BTCUSD on TradingView.com With more technical indicators turned on, things get a lot more interesting. The TD Sequential market timing indicator has triggered a perfected buy setup, just as Bitcoin touches the cloud. Sunday night’s weekly close could very well remain near current levels to end with a doji. How bulls react in the following week would be telling. Bullish Take | The Hidden Bitcoin Trend Line That Could Save The Bull Run A green up candle to above $47K would break through a local downtrend line and put a morning star Japanese candlestick pattern in play. It is worth noting, however, that the last potential weekly morning star setup failed. But such signals are only confirmed in hindsight. At the same time, weekly Stochastic is exhibiting a bullish divergence. A bullish crossover is also nearing while at a reading that historically put in more significant bottoms than this. What To Expect This Weekend Ahead of The BTCUSD Weekly Close A doji candle signals indecision and come at the end of a trend, or at a pause before continuation. The fear in the market has left bulls weak and bull salivating, but neither have been able to make a major difference in the last five days. The weekend forecast suggests more of the same level, with bulls needing to defend $42,000 and lower. Fear will likely keep bulls at bay until after the weekly close, when confidence returns and there is possibility of a morning star reversal. Bearish Take | Bitcoin Death Cross 2022: What You Need To Know About The Deadly Signal If the doji candle were to hint at continuation instead of reversal – the next logical target would be the bottom of the Ichimoku cloud at around $37,000. Danger of more downside than that still exists. Bitcoin price just had a daily death cross which could have apocalyptic implications. Losing the Ichimoku cloud completely might indicate that the bull cycle has concluded for the time being. Reclaiming the cloud would be the first sign the bull run is back on. Whatever you do, watch the clouds closely over the weekend. .@elliottwaveintl has graciously offered my followers FREE access (normally $99) to the Dec video issue of Robert Prechter’s Elliott Wave Theorist. It includes 28 charts referencing “A Stock Market Top For The Ages”. Enter code “TONYBTC” for FREE access: https://t.co/Ke1bCmpzet pic.twitter.com/tYMRvsotND — Tony “The Bull” Spilotro (@tonyspilotroBTC) January 14, 2022 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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