Monthly Archives: Januar 2021

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Elon Musk says on Twitter that Bitcoin is “inevitable”: Troll or not, BTC takes + 20% in a second!

Hi to all of you,

As you may know, technical analysis and me are two .

But there are curious moments that we do not necessarily expect that sometimes arise without warning

And this morning is one of them: if you hang out on Twitter , you might have been surprised to see the astonishing Elon Musk now displaying Bitcoin’s colors on his profile … and even that he let himself go – anthology troll or not, who knows – to declare that “it was inevitable anyway, in hindsight” .

No time to wink as Bitcoin ignited , offering us crazy round trip candles … to the delight (or misfortune) of compulsive bettors

At the time of this writing, Bitcoin Machine has therefore taken off from 26,000 euros and wheelbarrows to 31,300 € … in the greatest of calm. Whether it was a deliberate Elon Musk troll or not does not matter: once again, Bitcoin demonstrates its ability to … go all over the place , from second to second.

There is no doubt that we will come back in more detail on what is happening, but for the moment, only one instruction: fasten your seat belts… nobody knows where all this could lead us!

Investering Guru ser Bitcoin som varumärket för Crypto på 20 år

Tillväxten av antagande av Bitcoin och andra kryptovalutor börjar koka över på mycket mer vanliga arenor, vilket i sig är extremt positivt för de digitala mynten eftersom deras plats i ett nytt digitalt ekonomiskt utrymme realiseras.

Det pågår en tydlig utveckling av pengar, och Bitcoin ser ut att vara i centrum för det. Men rymdens framtid och där Bitcoin passar in är fortfarande okänd, men den förutspås med positiva utsikter till och med så långt ner i linjen som 20 år.

Paul Tudor Jones, en välkänd investeringsguru och hedgefondlegend, har kastat sin vikt bakom Bitcoin i år och fortsätter att lovsånga. Nyligen har han utforskat det djupare kryptovalutautrymmet som helhet, men ser fortfarande Bitcoin som det ledande ljuset.

Även om det är omöjligt att veta hur de kommande 10 eller 20 åren kommer att se ut, sa Jones att om han var tvungen att ta ställning till det kommer det att bli „varumärket“, vilket är Bitcoin.

Bitcoin kommer att gå högre på 20 år

Fondförvaltaren medger att han inte är någon expert på kryptovaluta „på något sätt“, men han sa till Yahoo Finance att han förväntar sig att det digitala myntet kommer att bli „betydligt högre“ om 20 år.

„I en värld där du har 90 miljarder dollar i aktiemarknadsvärde och Gud vet hur många biljoner fiatvaluta osv. … det är till exempel fel marknadsvärde, till exempel i förhållande till guld, vilket är 8 eller 9 biljoner dollar,“ Jones sa. „Jag kommer att anta att det är fel pris för de möjligheter som det har. Och jag kommer att anta att vägen framåt härifrån är norrut. „

Han tillade att Bitcoin påminner honom om internetaktier 1999 när internet var i sin linda. „Ingen visste hur man värdesätter det på grund av den värld av möjligheter som ligger framför oss,“

Pengarnas framtid

Jones är säker på att digitaliseringen av pengar är framtiden, särskilt när fler centralbanker går mot sina egna digitala valutor. Han förutspådde att nuvarande generationer och suveräna regeringar så småningom kommer att använda sina egna versioner av krypto.

”De kan ha sin egen digitala valuta, oavsett. De kommer att vara väldigt, väldigt vanligt vid den tidpunkten. Kontanter kan vara borta, sade han. „Och så i den världen, var passar Bitcoin in, liksom några av de andra kryptovalutorna?“ han frågade.

Om Jones var tvungen att gissa, tror han att framtiden för Bitcoin „kommer att bli mycket som metalkomplexet“, där du har „värdefulla“ digitala mynt.

Bitcoin är „den första krypten, förstahandlare i en värld som är så komprimerad. Den har den historiska integriteten inom digitala valutor som den alltid kommer att ha … Och igen, på grund av dess begränsade utbud, kan det vara den värdefulla krypton, ”tillade han.

Ethereum (ETH) price: history of its movements

The first Ethereum rally took place between August 2015 and June 2016.

The second rally took place from June 2016 to December 2017.

The historic high of ETH is at $ 1,594

Ethereum (ETH) has grown significantly since March 2020. Unlike Bitcoin (BTC), however, it still has to surpass its all-time high (ATH) of $ 1,594, which it reached in January 2018.

In this article, we’ll compare the previous market cycles for ETH, and see how they can approximate the current upward movement.

The first major rally for ETH took place from August 2015 to June 2016. During this period, the price of ETH went from a low of $ 0.50 to a high of $ 21.49 , which represents an increase of 4,200%. This movement took place over a period of 308 days (shown in green below).

This movement was followed by a 72% drop in 175 days (shown in red), which led to a low of $ 5.92 in December 2016. Nonetheless, this new low still measured an increase of around 1,200% compared to August 2015 prices. This is also a higher low compared to August 2015 prices.

This period marked the first major market cycle for ETH. It also provided its first all-time high which, interestingly, has not been retested since.

ETH’s next significant rally started after the aforementioned low in December 2016. The rally was slightly longer, but with an even higher growth rate.

In 399 days (green), ETH rose 26.840%, reaching a price of $ 1,594 in January 2018. This is its all-time high, which is still valid today

This rally was also different from the previous one as it featured a 140 day period during which the price consolidated before heading for the high of $ 1,594. It is therefore possible to divide this period into two rallies, one which led to the peak of 405 dollars in June 2017 and the other which led to 1,594 dollars.

In all cases, there followed a period of massive correction (in red). ETH fell 95% in 336 days, reaching a low of $ 80.56 in December 2018.

As a result, the second rally represented an even higher rate of increase, but also a stronger and larger correction thereafter.

Bitcoin (BTC) back on track after massive correction

Bitcoin (BTC) back on track after massive correction

The smoke is gradually clearing in the crypto market. The aftershock of a turbulent bitcoin price action is barely noticeable. But more than a few traders are licking their wounds.

The last 24 hours have been anything but boring for Hodler. With a fluctuation range of around 4,600 US dollars, Bitcoin has pulled out all the stops, causing both panic selling and hoarding. At the time of going to press, the cryptocurrency is back in the black, rising by 1.6 per cent on the day to the current level of 31,507 US dollars.

In view of the dizzying price gains of the past weeks, the short breather was only a matter of time. A consolidation was not only foreseeable, but also overdue to cool down the market, which had recently become very heated. Overall, the losses were still limited. In a daily comparison, the total Bitcoin Code crypto market capitalisation recorded a minus of 2.2 per cent, a total of just 10 billion US dollars. At currently 866 billion US dollars, the total market capitalisation is still at a record level. But although there were signs of a correction ahead, traders gambled away with bitcoin futures.

Largest liquidation of bitcoin long positions

As the first German provider, justTRADE offers an all-in-one solution for trading cryptocurrencies (Bitcoin, Ethereum, Ripple, …) shares, ETFs and certificates. The website and app are intuitively designed, offer many useful features and are suitable for both beginners and advanced traders. Best of all, there are no transaction costs or network fees.

Burning money is probably the best way to describe it: On the Bitcoin exchange Binance alone, long positions for the equivalent of 190 million US dollars were liquidated during yesterday’s trading. The spectacle lasted just 10 minutes, pushing the bitcoin price straight down from 32,000 to 28,000 US dollars.

Chart: https://t.co/qr7Ti38az9 pic.twitter.com/lHsGAE4nqs
– glassnode (@glassnode) January 4, 2021

The massive price dynamics make it clear: the positioning of futures contracts on the crypto market is a hot ride. The euphoria of the last trading weeks has long traders turning a blind eye to a possible setback. No wonder, after all, the majority of investors with long positions have recently cashed in well. But this time they lost out to sellers of short positions. The futures market formed around Bitcoin remains a casino that can bring exorbitant profits as well as losses. Especially since the largest liquidation of long positions in terms of trading volume has once again illustrated the great influence of futures on the Bitcoin price.

Number of small Bitcoin investors is growing

While mainly large investors have burnt their fingers in derivatives trading, interest in Bitcoin among small investors is steadily increasing. With currently over 33 million addresses, the number of wallets holding a bitcoin amount has set a new all-time high.