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Elsalvador

El Salvador's BTC Investments Yield $3.62 Million ProfitEl Salvador's Bitcoin investments are in the black! After literally thousands of articles and hit pieces that ridiculed our supposed losses, all of which were calculated based on #Bitcoin’s market price at the time... With the current #Bitcoin market price, if we were to sell our #Bitcoin, we would not only recover 100% of our investment but also make a profit of $3 620 277.13 USD (as of this moment). This was announced (twitter.com) by the country's president and well-known Bitcoin enthusiast, Nayib Bukele. “Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy,” Bukele stated on X. He also urged journalists who had been critical of El Salvador's investment in BTC to reconsider their stance. “If they consider themselves true journalists, they should report this new reality with the same intensity they reported the previous one,” the Salvadoran President remarked.
BINANCE:BTCUSDLong
by DEXWireNews
🅱️ Game Changer | Bitcoin Bonds | El 🇸🇻 SalvadorThis is how the game is changed. This is how the game is changing. This is a game changer. El Salvador approved a new law to allow themselves to raise funds through Bitcoin-backed Bonds. The vote went 62 vs 16, just so you know how pro-Bitcoin the El Salvador government is. They like Bitcoin more than everybody. This is obviously the first time ever this is being done. El Salvador's president and government must have some seriously smart, wise and financially advanced advisors. Who's advising them? Must be the smartest people in this world. They intend to raise funds to a build new town called Bitcoin City as well as to buy Bitcoin (fair enough) in order to take advantage of the upcoming bull-market and share the profits with the bondholders. We are sending our best wishes and good vibes to these people and wishing them the best possible kind of success. We love you and hope you guys do great. Keep up innovating and the great work. The world is watching and will absolutely follow. Thanks for being first. Namaste.
BITMEX:XBTLong
by AlanSantana
5
Proof-of-Stake Makes Their Move: Is Bitcoin In Trouble?This might be somewhat of a controversial take, but for a while I've been warning that Bitcoin's long-term prospects may be in trouble - a lot of it has to do with how the coin's community distanced itself from utility and business cases and leaned hard into the "store of value" idea during last year's hype. - The idea of "store of value" applies to all money and is not really a competitive advantage: all coins store value by default. - Bitcoin's block size limitation and efforts to make improvements on the protocol have largely been thwarted by the mining community who prefers the scarcity model and don't want things to change. - Bitcoin failed to rise in response to inflation like gold did: the "Bitcoin is good for inflation" thesis did not pan out in the last few rallies for alternative assets. - Bitcoin's recent attempts at defending their interests through the political system (Brad Sherman vs Aarika Rhodes, El Salvador) isn't getting the results that many of its supporters hoped for. And more people are starting to realize that its governance processes and scaling solutions are done off-chain - which clashes with the idea that the coin is completely decentralized. - Despite its attempt at differentiation, the data suggests that people buying stocks and people buying Bitcoin are often overlapped heavily, ever since it became much easier to acquire crypto assets through mainstream sources. Bitcoin's name-recognition may end up hurting them in the long-run since it's likely to go down with the fiat market as a whole. As inflation remains high (a record 8.6% in May in the US), the financial industry is starting to talk more about interest rates - during recessionary times people tend to favor reliable interest returns rather than speculation plays. As a result of this we see that crypto coins that offer staking rewards (Tezos - XTZ, Algorand - ALGO, Cardano - ADA; soon to be Ethereum - ETH and Chainlink - LINK) are starting to gain some momentum. Given that the banks have been hesitant to raise interest rates on their savings mechanisms (though they don't seem to have any problems raising interest rates on your mortgages/loans lol) the value that proof-of-stake coins offer in DeFi have started to look much more appealing. If these trends continue, the "flippening" may be sooner than we thought. (But not in the way that most thought it would go down - it may not even be Ethereum, if the merge doesn't go as planned over this summer.)
BITSTAMP:BTCUSDLong
by RyanTanaka
1
Quantum Computing is Coming. Is the Crypto Industry Ready?A lot of public and private interests are pouring a lot of money into quantum computing right now, and there have been significant breakthroughs in the technology in the last few years that has made it possible for people to start thinking about practical applications. Quantum computers are attempting to crack encryption algorithms such as Elliptic Curve Digital Signature Algorithm (ECDSA) that Bitcoin runs on - putting the entire ecosystem at risk if the emerging technology is successful in becoming commonplace. A quick look at some of the emerging concepts coming out of research institutions and their potential effects on the crypto market as a whole. steveblank.com www.coindesk.com
Long
by RyanTanaka
4
BTCUSD: And another bad news for bears: buy the dip!Hello my friends! This post is for all the fearful who have not yet been in the market in 2017. Corrections of this kind in the bull cycle are quite normal from my point of view. I still see us on track. I have analyzed the situation with the Trend-Based Fib Extension and also with the "normal" Fibs. In all cycles we could come to a similar result: the first top was at 1,618 and the main top was at 2.36. If we compare "normal" Fib with Trend-Based Fib Extension, we would reach the top at 3,618. Exactly at the same point. One more remark, even if we only reach the 1 at Trend-Based Fib Extension, that would be at 90K and the 1,414 would be at my minimum top of around 115K. As a Hodler who buys Bitcoins and does not sell them, I am still quite relaxed about this move. The main resistance at 39.5K has held. Thus, this could be a roughly -40% move like 2017. Next week it can go straight up again. Lets see. Lets cross our fingers! ;-) -- Let's see what happens. Happy trading. :-) BTCINVESTING -- My Post from Jun7: "BTCUSD: Another bad news for bears!" My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
INDEX:BTCUSDLong
by BTCINVESTING
115
BTC MARKET ANALYSIS 8.9.2021Bitcoin price declined over 15% and tested $42,000 against the US Dollar. BTC is recovering, but it could face sellers near the $48,500 and $49,000 resistance levels. Bitcoin started a major decline below the $50,000 and $48,500 support levels. The price is now trading well below $50,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting losses, but the bears are likely to remain active near $48,500 and $50,000. Bitcoin Price Recovers Above $45K Bitcoin price failed to clear the $53,000 zone and started a major decline. BTC broke the key $52,000 support zone and the 100 hourly simple moving average to into a bearish zone. There was also a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair. The pair even declined heavily below the $48,500 support zone. Finally, there was a spike below the $45,000 support zone and the price tested the $42,000 level. A low was formed near $42,000 before there was a recovery wave. The price climbed above the $45,000 resistance. It broke the 23.6% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low. An immediate resistance on the upside is near the $47,500 level. It is near the 50% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low. The first major resistance is near the $48,500 level. A close above the $48,500 level could pump the price in the near term. The next major hurdle for the bulls could be near the $50,000 zone. More Losses In BTC? If bitcoin fails to clear the $48,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $46,500 level. The first major support is near the $46,000 level. If there is a downside break below the $46,000 support zone, the price could extend its decline. In the stated case, the price could test the $43,500 support.
BINANCE:BTCUSD.PLong
by globalsymmetrygroup
1
Inverted cup and handle formation in BTC | El Salvador impact?Quick glance: It has been a crazy past 24 hours for BTC. At one prices crashed more than 10% across the spectrum. Then it rebounded again. Then came the historical decision by El Salvador to accept Bitcoin as a legal tender. Our previous analysis on BTCUSD covered the dip yesterday. Market in the last 24hrs BTCUSD witnessed a major dip and then a quick rally. Trading volume has however reduced consistently during the past 24 hours. Today’s Trend analysis BTCUSD seems to be forming an inverted cup and handle pattern. It is a Bearish reversal pattern. BTCUSD could retrace its support zone at $33k again shortly. However, the indicators still point to a neutral consolidated move. Price volatility remained high at approximately 4.8%, with the day's range between $32423.72 — $35450.00. Price at the time of publishing: $35006.39 BTC's market cap: $656.04 Billion Out of 11 Oscillator indicators, 9 are neutral, and 2 point to 'BUY' signals, and none of them point to a 'SELL' signal. Out of 15 Moving average indicators, 7 are giving a 'SELL' signal, and 7 are giving a 'BUY' signal. Indicator summary is giving a 'NEUTRAL' signal on BTCUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
COINBASE:BTCUSD
by Mudrex
5
BTC/USDT FUD vs NEWS = DIP... WHY? (ill explain)BINANCE:BTCUSDT MAJOR HAPPENINGS FOR THIS WEEK (so far) We received the head and shoulders that we thought will be the breakout to a bull cycle monthly back to bull season. We did not make it we dip instead ABCDE Elliot contraction wave. Then FUD came in how FBI tracked the wallets and crack the words (STUP1D AF guys i've been in the crypto since 2013 no one did ever crack a wallet *proof go to deep web scammers are there saying they can hack wallets and shit but won't and they will say they can't; you are just that naïve that time and I as well got scammed back then for it 2014) El Salvador - The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. I AM EXPECTING THIS New FUD coming in; New personality will just emerge and say shit about Bitcoin. We will not or may not break 36K that's why I am still bearish. We will go back to 30K and why 30k is significant now? it is because it is where the market dump (zoom out check the Elon FUD) I am still looking at the 24K. Why? because of the hype pump from 2000-3000 price BTC to upwards. I cannot and will not be able to see things but these are all just Psyche. One TOOL you need and for you sure that will work = PATIENCE... I will never say on my charts to continue accumulating. But what I can only say is Continue being in the chart and continue playing with it. You will learn by going through this hard times 1 month 2 months of pain and sorrow to Anger and then you would know something is coming HOPE after a long long depression... I've been trading since 64K dump and failed to sell that point but sold at 56K when it traced back and never turn my back. you still won. SO WHAT WE ARE NOW HAVING IS... Weekends = Blood on the streets. Dagger Hours are very critical. Watch out those VOL that will not support the 4HR and down 1HR 30min and 15min CHECK also the MA make sure to have 20 50 150 200 never let 200 and 50 Cross = Death cross. TWITTER INTERESTING CHARTS - twitter.com = S2F Chart - Blackswan Momentum or pattern.
Short
by PuyatanHoldings
8