Day: June 1, 2020

Drop in Oil Prices Give US Miners a Competitive Edge

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Bitcoin educator Andreas Antonopoulos sees the recent downturn in oil prices as a net positive for crypto miners worldwide, particularly those at the Bitmain mining facility in Texas. In a video he posted to his YouTube channel on May 27 titled “Down the Rabbit Hole”, Antonopoulos said the falling oil prices will benefit crypto miners by providing cheaper electricity worldwide, but “not equally worldwide.”  Miners based in the United States — which gets 36% of its energy from petroleum — and Texas in particular will reap the rewards of these…

Bitcoin Halving Weekend Crash – NOTHING CHANGED. New BTC Billionaire Investor Sounds Off + Coinbase

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ►Even though we saw a MAJOR correction which was brought about by manipulation by whales in the futures space, nothing has FUNDAMENTALLY changed with Bitcoin, Cryptocurrency and Digital Assets. Even New BTC Bull, Paul Tudor Jones lays it out on CNBC and reveals WHY he believes Bitcoin will BEAT ALL OTHER ASSETS with time. He also states that he has put 2% of his wealth into the king crypto. Imagine if ALL OTHER hedge fund managers, investment advisors and traditional market players…

Bitcoin, Ethereum, Ripple technical analysis. Why I am Bearish on BTC and Bullish on XRP

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, Fez’s give his opinion on the recent Bitcoin Dump. Explains why he’s Bearish on BTC and ETH but Bullish on XRP. Join Fez for this new technical analysis series, take a look at various cryptocurrencies as the series develops. Want Fez to take a look at a chart? Why not drop him a message in the comments? If you enjoy this new format let us know below. It’s important to remember that you should never invest more than you…

Weaker Yuan Could Lead to a Stronger Bitcoin

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Japanese crypto firm FXCoin’s senior strategist thinks a depreciation of the Chinese yuan may lead more traders to Bitcoin in 2020.  FXCoin’s Yasuo Matsuda spoke to Cointelegraph Japan, saying Bitcoin (BTC) would likely be more popular among Chinese nationals facing economic sanctions due to national security laws as part of the government’s response to the COVID-19 pandemic.  The strategist said people in China would be “frustrated with the recession of the domestic economy” and looking for an escape: China’s strong position on legislation like the enactment of the Hong Kong…

Bitcoin Above $9,750 Would Make Case for Larger Rally: Here’s Why

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Bitcoin is trading nicely above the $9,400 support zone against the US Dollar. BTC price is likely to continue higher towards $10,000 if it clears $9,600 and $9.750. Bitcoin is trading with a positive bias above the $9,400 support zone. The price could struggle to clear the $9,600 and $9,750 resistance levels in the short term. There was a break above a key contracting triangle with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a strong increase if it…

Android Bitcoin Miner V2.0 2020 Latest Free Bitcoin Mining Legit android software

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hash rate, defined as the output of a hash function, is the speed at which a given device can complete the aforementioned cryptographic puzzles. At a Bitcoin difficulty of about 3.8 million and conversion rate of $8,380 per Bitcoin, the NVIDIA GTX 1080 Ti, one of the most powerful graphics processing units (GPUs) on the market, can only generate $0.41615 in one month at a hash rate of 1980 MH/s (980 million hashes per second). ▶ Coinbase Website: Coinbase.com ▶ CEX Website:…

Crypto Analyst Releases Stock-to-Flow Model Indicator for BTC Bull Run

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Crypto analyst PlanB released a key indicator for its stock-to-flow price prediction model which could signal a Bitcoin bull run to $100,000 by 2021 has just begun. PlanB confirmed on Twitter on May 31 that the red dot — indicating a price increase — was now present in its stock-to-flow (S2F) model, a price prediction model for Bitcoin (BTC). #Bitcoin S2F chart update .. RED DOT RELEASED!!! pic.twitter.com/iNTjbf9b9K — PlanB (@100trillionUSD) May 31, 2020 The S2F model treats BTC as a commodity like gold or silver, evaluating the existing supply…

Man Who Bought BITCOIN AT 86 CENTS Talks about The Future of Blockchain Technology

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 1:25 People thought you were mad when you spoke of the asset back in the early days, so how does it feel to have your opinions validated 11 years later? 3:41 The bitcoin halving is rapidly approaching. Firstly what are your thoughts on bitcoins performance? It dropped back in March, but it’s now outperforming traditional assets, including gold. What is causing the pump? 5:33 What can we expect post halving? There are thoughts we won’t see the effect until after a few…

Ethereum Makes 3rd Attempt at New Highs as Options Skew Turns Negative

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Ethereum made its third attempt to set new local highs against its Bitcoin trading pair in 2020 yesterday. This movement has shown signs of being fleeting, however, as the crypto has lost some of its momentum. Although the cryptocurrency is flashing some subtle signs of near-term weakness, it is important to note that one data metric points to the cryptocurrency seeing a notable upswing in the days and weeks ahead. This possibility is elucidated by the cryptocurrency’s options skews turning negative, suggesting that traders believe it is primed to see…