Author: dfmines

My take is that we are experiencing a mini bear market ala 2021 May ~ July. The general price behaviour is very similar and I think this is consolidation and accumulation before continuing the macro uptrend. The vertical orange lines denote matching PA and RSI on the daily. I’ve sketched out the areas that I…
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submitted by /u/gandergood [link] [comments]

Hi friends and crypto family. Relatively new to the market , but I’ve come to the conclusion that DCA and holding really isn’t the best choice. Most of the top 10 from 2017 is no longer in the top 10, so what are those people doing with their holding strategy? Second thought to consider, when…
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Hi Everyone, I just got scammed trying out layer 2, and I thought I'd share my mistake such that others might not follow in my footsteps. I got confident bridging on a few other web apps and let my guard down. Despite having clicked through the Polygon website a billion times, I arrived at and…
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BitMEX, the popular crypto derivatives & DeFi platform, today welcomed Rupertus Rothenhaeuser to the BitMEX team as their new Chief Commercial Officer (CCO). As CCO, Rupertus will spearhead BitMEX’s ‘Beyond Derivatives’ plan to expand into spot, brokerage, custody, information products, and establish the BitMEX Academy. Rupertus will be based in Asia. Specifically, Rupertus will be…
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El Salvador President Nayib Bukele tweeted his forecasts for Bitcoin in the year on New Year’s Day 2022, making some rather bullish predictions. Bukele Make Bullish Predictions On Bitcoin Under Bukele’s presidency, El Salvador became the first government to embrace Bitcoin as legal tender last year as a countermeasure to the country’s rising inflation. Since the country’s legalization, the president has purchased 1,370 BTC for the country’s reserve and spent the unrealized gains in new infrastructure projects like a hospital and a school. In 2022, President Bukele expects two more countries to join El Salvador in adopting Bitcoin as legal tender. He also predicted a bull run that would push the price of Bitcoin to a new all-time high of $100,000. 2022 predictions on #Bitcoin: •Will reach $100k•2 more countries will adopt it as legal tender•Will become a major electoral issue in US elections this year•Bitcoin City will commence construction•Volcano bonds will be oversubscribed•Huge surprise at @TheBitcoinConf — Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022 Out of the six predictions he made, it appears that “two more countries will adopt it as legal tender” is rather cogent.w On September 7, 2021, El Salvador became the first government to make BTC legal tender, igniting a revolution that drew the attention of many other world leaders. This is an intriguing statement, especially after El Salvador’s ambassador to the United States, Milena Mayorga, stated that if Bitcoin adoption is successful in El Salvador, other countries “will follow.” Another point worth noting is that he believes Bitcoin will become a big election topic in the United States this year. Parliamentary elections will be held in the country, and this might be one of the key issues of conversation in the United States. This might have a significant impact on the cryptocurrency industry and how businesses manage virtual currencies. Many politicians have expressed support for the asset class, including 2020 Democratic presidential candidate Andrew Yang and Republican senators Cynthia Lummis and Warren Davidson. Other politicians in the United States have expressed their concerns about the issue. Senator Elizabeth Warren, for example, believes it favors just the wealthy. As more lawmakers get educated on the subject, it will be fascinating to see how Bitcoin regulation develops in the United States. BTC/USD Fall further from christmas high. Source: TradingView Related article | Zimbabwe Could Adopt Bitcoin As Legal Tender Following El Salvador Bitcoin City To Begin El Salvador is also planning to begin development on the so-called Bitcoin City in 2022. This might be critical for Bitcoin businesses and investors looking to develop across the continent. He predicts that volcano bonds will be oversubscribed and that there is going to be a huge surprise at the Bitcoin Conference this year. Late last year, El Salvador announced plans to issue $1 billion in bonds to fund the purchase of more bitcoin as well as electricity and mining infrastructure. The project’s geothermal energy will be aided by the future city’s proximity to the volcano. In a follow-up tweet, the President stated, “This tweet will age well.” Bukele’s predictions appear to be certain, but we’ll have to wait and see when and if they all come true this year. Related article | El Salvador Calls Another Bitcoin Dip With 150 BTC Purchase Featured image by BBC, Chart from TradingView.com

submitted by /u/underratedartistguy [link] [comments]

If privacy in the crypto world is of any importance to you, it really doesn't get more "private" than Monero(XMR) .. In fact it is so private that the IRS desperately published a $625,000 bounty for breaking Monero so they can trace transactions. It has been 2 years since then and they still haven't been…
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Analysts predict a short-term drop to $46,000 for BTC before it resumes its uptrend, which could see its price rise to $60,000 by February.