Why we can’t rule out Bitmex from the Bitcoin game just yet

For BitMEX, it hasn’t been the best of years from a popularity perspective.

First, it faced massive criticism during the March 13th crash, when traders lost money due to an alleged DDOS attack, and recently Arthur Hayes, CEO of the exchange faced charges over violation of anti-money laundering policies.

It hasn’t been smooth sailing and its XBTUSD contracts are facing the consequences...


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https://ecoindiscuss.com/why-we-cant-rule-out-bitmex-from-the-bitcoin-game-just-yet/

Top Bitcoin Influencer Closes Bullish Position on Price Dump Fears


Bitcoin risks falling below $50,000, according to a trade setup shared by Jonny Moe, an independent market analyst.

The social media influencer, widely tracked by investors and traders in the cryptocurrency space, unveiled the bearish setup in a tweet published early Tuesday. He closed what he called “leverage long” positions, which refers to the indebted purchase of an asset with anticipation that it will increase in value. The move indicated that Mr. Moe expects the bitcoin price to correct massively in the sessions ahead...


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https://ecoindiscuss.com/top-bitcoin-influencer-closes-bullish-position-on-price-dump-fears/

Russian Investors Are Complying With the Tax Bill on Cryptocurrency Gains

Russian cryptocurrency investors have started complying with authorities to provide information about their crypto dealings and pay the stipulated taxes.

According to a report by local news outlet Izvestia, several accounting and legal firms, including FTL and PwC, noted that they had recorded a surge in compliance with the tax legislation...

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https://ecoindiscuss.com/russian-investors-are-complying-with-the-tax-bill-on-cryptocurrency-gains/

UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%

UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million ($875 million) a year earlier.

By comparison, equity funding provided £168 million ($210 million) to startups in 2019, almost the same as the year before, says the report by venture capital firm MMC Ventures. In 2017, only £100 million was raised this way. Altogether, equity financing has supported emerging UK crypto businesses to the tune of £525 million since 2013...

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https://ecoindiscuss.com/uk-cryptocurrency-firms-turn-to-equity-funding-as-ico-coffers-plunge-70/

How Bitcoin Halvings Affect Its Value

When bitcoin was first introduced, it had little to no value. Early adopters traded thousands of bitcoin for just a few dollars, until the infamous “Pizza Day” incident when Laszlo Hanyecz paid 10,000 BTC for two large pizzas, setting in motion a chain of events that lead to bitcoin’s value growing from a few cents to nearly $60,000 in just over a decade.

Bitcoin has come a long way since then, with large corporate institutions spending years denying its value as an investable asset, only to turn around and start investing in it themselves. Recently, PayPal introduced bitcoin as a payment method with millions of merchants that use its platform, celebrities like Paris Hilton joined the community and it seems that bitcoin is poised for even more growth...

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https://ecoindiscuss.com/how-bitcoin-halvings-affect-its-value/

Bitcoin Indicator Says The Top Is In

Bitcoin price has finally closed a weekly candle over $60,000 on Binance for the first time in the asset’s history, marking the highest weekly close ever. However, just as such a moment is realized, a highly accurate top-sniping indicator with a three for three success rate has called the top of the current crypto market cycle.

But could picking the top in the powerfully trending cryptocurrency really be easy as Pi?...


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https://ecoindiscuss.com/bitcoin-indicator-says-the-top-is-in/

Why You Should Invest In Tomorrow’s NFTs, Not Today’s


There is exciting stuff coming to the world of NFTs that I see as having massive implications for the way we entertain certain things. There are, however, no guarantees any of it will succeed. One change I see in particular is around the novel idea of emerging virtual worlds, where you have a growing user...


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https://ecoindiscuss.com/why-you-should-invest-in-tomorrows-nfts-not-todays/

Here’s Why a Wall Street Vet Says “Everything” Is an Inferior Trade to Bitcoin


Bitcoin has faltered over the past few days, failing to surmount $12,000 yet again.
The asset trades at $11,750 as of the time of this article’s writing.
Despite the pause in the uptrend that persisted all of last week, analysts remain bullish from a long-term stance.
One prominent investor said that Bitcoin is effectively one of the best trades in the world.
The investor in question is Raoul Pal, the former head of hedge fund sales at Goldman Sachs and the chief executive of Real Vision.

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https://ecoindiscuss.com/heres-why-a-wall-street-vet-says-everything-is-an-inferior-trade-to-bitcoin/

TRON-Based USDT Hits $24 Billion, More Than the Tether on Ethereum


Roughly two years after adding Tether (USDT) to its blockchain, TRON has reached a significant milestone by outplacing Ethereum as the network with the highest amount of USDT on it. As of now, over half of all the Tether in circulation is on Justin Sun’s brainchild.
TRC-20 USDT Surpasses ERC-20 USDT

CryptoPotato reported back in 2019 the partnership between TRON and Tether – the company behind the largest stablecoin provider...


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https://ecoindiscuss.com/tron-based-usdt-hits-24-billion-more-than-the-tether-on-ethereum/

Bitcoin Consolidates, Here’s Why BTC Could Surge Above $64K

Bitcoin price started a downside correction from the $54,900 zone against the US Dollar. BTC is now consolidating and it could start a fresh increase if it clears $54,900

Bitcoin is showing positive signs above the $62,500 and $62,000 levels.
The price is now trading well above the $62,000 level and the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $63,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to start a fresh rally if it clears the main $64,000 resistance zone.

For More Details

https://ecoindiscuss.com/bitcoin-consolidates-heres-why-btc-could-surge-above-64k/

Crypto Market Cap Recovers $200B as Bitcoin Tops $57,000 (Market Watch)


Bitcoin has bounced off from yesterday’s massive nosedive and has recovered about $6,000 of value. Most alternative coins have followed along with ETH above $2,200 and BNB north of $530, and the crypto market cap has added roughly $200 billion since yesterday’s low.
Bitcoin Adds $6K Since the Dip

It seemed that everything was going in bitcoin’s way last week after the asset finally reconquered $60,000 and went even further to a new all-time high of $65,000. However, the cryptocurrency started to retrace slightly on Friday and the situation intensified on Saturday...

For More Details

https://www.binance.com/en/trade/BTC_USDT?layout=basic

In These Times, This Is Why You Want To Accumulate Gold Or Bitcoin


According to prominent American businessman and author, Robert Kiyosaki, people should avoid saving cash. Instead, they should focus on accumulating more gold (God’s money) or Bitcoin (people’s money).
Save Gold and Bitcoin

Kiyosaki, aside from his business ventures, is best known for his Rich Dad, Poor Dad book. Published in 1997, it became a New York Best Seller instantly and has sold over 32 million copies in more than 100 countries...

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https://ecoindiscuss.com/in-these-times-this-is-why-you-want-to-accumulate-gold-or-bitcoin/

Why Not Hedge Bitcoin With Stocks

Written April 11, 2021

Why would someone go all in on bitcoin as opposed to diversifying into other asset classes, particularly stocks? Why not hold an index tracking fund like the S&P 500?

The short answer: because, as the premier monetary medium, bitcoin will absorb the monetary premiums of all other assets, including stocks.

You may be unsatisfied with this answer, but a full answer to the question “Why not hedge against bitcoin with stocks?” requires us to forecast bitcoin’s expected value and then compare it with the expected return on equity. ..

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https://ecoindiscuss.com/why-not-hedge-bitcoin-with-stocks/

Bitcoin Makes Comeback, Here’s Why $53.5K Holds The Key

Bitcoin Price is Recovering

Bitcoin declined again below the $48,500 support level. BTC even spiked below the $47,500 low and it traded to a new swing low near $47,000.

The bulls appeared near the $47,000 zone and the price started a steady recovery. There was a break above the $50,000 resistance level. The price climbed above the 61.8% Fib retracement level of the last key drop from the $51,050 high to $47,000 swing low.

There was a break above a major bearish trend line with resistance near $51,500 on the hourly chart of the BTC/USD pair. The pair is now trading well above $51,000 and the 100 hourly simple moving average...

for More Details

https://ecoindiscuss.com/bitcoin-makes-comeback-heres-why-53-5k-holds-the-key/

Bitcoin Revisits Key Support, Here’s What Could Trigger Sharp Increase

Bitcoin struggled to continue higher above $55,000 and it started a fresh decline. BTC broke the $54,000 and $53,500 support levels.

There was also a close below the $54,000 level and the 100 hourly simple moving average. The price tested the $52,500 support zone. A low is formed near $52,375 and the price is now consolidating losses. It recovered above the $53,200 level.

There was a break above the 23.6% Fib retracement level of the downward move from the $56,545 swing high to $52,375 low. It seems like the price is now facing resistance near $54,000 and the 100 hourly simple moving average.

Bitcoin Price...

For More Derails

https://ecoindiscuss.com/bitcoin-revisits-key-support-heres-what-could-trigger-sharp-increase/

Ethereum Hits $2,800 Making Gap to Bitcoin Tighter Than Ever

At the time of writing, Bitcoin’s market share had fallen to 49.37% according to Tradingview. The last time it dropped below 50% was in July 2018, as reported by CryptoPotato.

Ethereum’s market share is currently 15.60% but that is not as high as it was during the January 2018 altcoin boom which pushed it up to 23%. At the time several altcoins such as XRP and LTC were also performing well and commanding a solid share of the overall crypto market.

The market capitalization for Ethereum is currently a touch below $320 billion which, according to Companiesmarketcap.com, has now surpassed that of PayPal which has $314 billion...

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https://ecoindiscuss.com/ethereum-hits-2800-making-gap-to-bitcoin-tighter-than-ever/

Blockchain Technology’s Potential to Disrupt Social Media Platforms

From the last decade, social media platforms have served as an entry point for social interactions, content sharing, and creating connections among numerous users. Today, it’s hard to find someone who’s not active on social media. Research conducted by Statista established that a staggering 81% of the US population used social media in one way or another. The same report estimated that the global monthly users of social media platforms were expected to reach up to 3.09 billion by the end of this year-2021..


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https://ecoindiscuss.com/blockchain-technologys-potential-to-disrupt-social-media-platforms/

Bitcoin Usage Accelerates In Argentina

The presence of bitcoin continues to accelerate in Argentina, a country that has been severely affected by government-sanctioned anti-free market policies. Citizens of Argentina have long utilized the U.S. dollar as a means to transact outside of the traditional system, yet bitcoin has been gaining traction in the country over the last few years. Recently, the Latin American director of digital exchange Binance told AFP News, “The number of user accounts for investing in ‘cryptos’ has multiplied by ten in Argentina since 2020,” detailing a staggering increase in the number of users...


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https://ecoindiscuss.com/bitcoin-usage-accelerates-in-argentina/

Bitcoin Recovery Runs Into Crucial Resistance, But 100 SMA Holds The Key

Bitcoin Price is Gaining Traction

After trading as low as $10,139, bitcoin price started a decent recovery against the US Dollar. BTC broke a few important hurdles near $10,400 and $10,550 to move into a short-term positive zone.

The recovery was such that the price settled above the $10,550 level and the 100 hourly simple moving average. There was also a break above a major bearish trend line with resistance near $10,600 on the hourly chart of the BTC/USD pair...

For More Details

https://ecoindiscuss.com/bitcoin-recovery-runs-into-crucial-resistance-but-100-sma-holds-the-key/

30,000 New Wallets Created Over The Past 90 Days

The number of Bitcoin addresses containing more than 0.01 BTC has increased substantially in the past two months. The question remains if the reason behind it is the upcoming Halving in May, the economic uncertainty caused by the COVID-19 pandemic, or both.
BTC Addresses Go Up

The popular cryptocurrency monitoring resource, Glassnode Insights, provided a chart regarding the number of Bitcoin addresses with at least 0.01 BTC in holdings (worth approximately $69 at the time of this writing.)...


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https://ecoindiscuss.com/430000-new-wallets-created-over-the-past-90-days/

Bitcoin is About to Post the Highest Monthly Candle Close Ever as Bulls Roar

Bitcoin and the entire crypto market have been caught in the throes of an intense recovery over the past few days, with the recent selloff proving to be highly fleeting.

The market’s potent response to this intense decline indicates that some serious upside could be imminent in the days and weeks ahead.

Any extension of this momentum could result in the cryptocurrency seeing fresh all-time highs...

For More Details

https://ecoindiscuss.com/bitcoin-is-about-to-post-the-highest-monthly-candle-close-ever-as-bulls-roar/

Why Cardano Has Seen a Surge in Investment Inflows Over Last Week

Cardano has fallen with the rest of the market but seems more resilient than other assets in the crypto top 10 by market cap. At the time of writing, ADA trades at $1.52 with a 2.8% profit in the daily chart and a 3.9% profit in the 1-hour chart. Over the past month, ADA also records an impressive 36.8% rally...


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https://ecoindiscuss.com/why-cardano-has-seen-a-surge-in-investment-inflows-over-last-week/

The Patriotic Case For Bitcoin

An anarchistic digital currency pioneered by cypherpunks and first used on shady internet sites is not something one would typically associate with patriotism. Nevertheless, as our country strays further from its founding ideals of liberty, decentralization, and personal responsibility, perhaps Bitcoin is precisely what is needed to return us to those roots...


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Bitcoin Faces Another Rejection, Here’s What Could Trigger Nasty Decline

Bitcoin Price Trims Gains

Bitcoin started a decent increase above the $37,500 resistance zone. BTC even broke the $38,000 resistance level and settled well above the 100 hourly simple moving average.

The bulls gained strength for a push above the $39,000 level. However, they struggled to a move towards the $40,000 level. The price topped near the $39,500 level and it recently started a fresh decline. There was a break below the $38,500 and $38,000 levels...

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https://ecoindiscuss.com/bitcoin-faces-another-rejection-heres-what-could-trigger-nasty-decline/

BTC price doesn’t care about El Salvador? 5 things to watch in Bitcoin this week

Bitcoin (BTC) begins another week below $40,000 but with two major new landmarks under its belt.

After falling over continued FUD from China over the weekend, Bitcoin adoption has also seen an unexpected first — from El Salvador and Paraguay.

With the world potentially about to greet its first two “Bitcoin nations” in history, there’s plenty to be bullish about, but can BTC price action catch up?

Cointelegraph takes a look at five things which may change the status quo in BTC/USD over the coming days.

For MOre Details

https://ecoindiscuss.com/btc-price-doesnt-care-about-el-salvador-5-things-to-watch-in-bitcoin-this-week/

Nothing Will Replace Bitcoin (Exclusive Interview)

Kevin O’Leary, who recently allocated 3% of his portfolio in BTC, has no plans to sell his coins anytime soon, the millionaire told CryptoPotato in a recent exclusive interview.

He also noted that 2021 is a pivotal year for Bitcoin as more and more institutions are looking to enter the space but are wary of energy consumption concerns...

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https://ecoindiscuss.com/nothing-will-replace-bitcoin-exclusive-interview/

Bitcoin is Resting on a Crucial Support Level; Here’s What Analysts are Saying

Bitcoin and the entire cryptocurrency market have not seen too much upwards momentum as of late.

The strong uptrend that guided the market higher over the past couple of months has all but disappeared, as bears are now trying to take control. This weakness has come about due to the crypto’s inability to break above its previously set all-time highs.

One trader is now noting that the cryptocurrency could be on the cusp of seeing a rebound, but there’s a key level that it must first break above...

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https://ecoindiscuss.com/bitcoin-is-resting-on-a-crucial-support-level-heres-what-analysts-are-saying/

Bitcoin And Modern Soft Fork Activation – Bitcoin Magazine

Taproot, a proposed protocol upgrade that would improve Bitcoin’s privacy and flexibility, is in its late stages of development. Bitcoin Core contributors agree that the upgrade would benefit Bitcoin, and so far it generally appears to be welcomed by the wider Bitcoin ecosystem as well. It’s therefore likely that Taproot will make its way into a Bitcoin Core release, with other Bitcoin implementations possibly to follow...


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https://ecoindiscuss.com/bitcoin-and-modern-soft-fork-activation-bitcoin-magazine/

Bitcoin Printed This Exact Pattern Prior to 2019’s Explosion to $14,000. It’s Back

On April 1st, 2019, after a brutal Bitcoin bear market that brought the cryptocurrency down by 80% and more, something changed: BTC saw “fireworks” as the price exploded 25% in a single day, marking one of the largest moves for the asset in its short but storied history.

At first, many laughed it off as pure manipulation, suggesting it was a false rally that would end in Bitcoin falling back to the bear market lows. But, in a now-famous tweet, cryptocurrency trader B.Biddles (handle @Thalamu_ on Twitter) remarked that the price action from late-2018 to the 25% gain formed a literal “textbook BARR bottom.”..


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https://ecoindiscuss.com/bitcoin-printed-this-exact-pattern-prior-to-2019s-explosion-to-14000-its-back/