Monday, May 4, 2020

Why Bitcoin will hit 11K in 7 days.

Today we discuss Bitcoin in May.

I have discussed, Bitcoin Halving in a recent episode but from that episode we concluded bitcoin price action is a result of the halving as well as, “Have the miners priced in the halving?”

We used historical market data and even went a step further to study market trends in order to predict potential future prices. It was a lot of fun to say the least.

Based on our analysis, we can only speculate on the price at the time of the halving.

Our analysis is looking accurate so far based on the two scenarios given during the Ultimate Bitcoin Halving Analysis.

May is a very important month for Bitcoin as I'm sure most of you know.

Keep in mind…in roughly 7 days, Bitcoin halving will occur. This will reduce the block reward from 12.5 BTC per block mined to just 6.25 BTC. So, each miner will see their revenue cut in half, at least initially. The drop to 6.25 bitcoin is far more vital this halving than most people understand. This will give bitcoin its boost into the halving.

Facts to consider…“Have the miners priced in the halving?” This is the most important question when predicating price going into the halving. Which is also related to the downward bitcoin price movement?

Below is Bitcoin in May price.

Bitcoin in May (Highest Priced Reached)

2013: $116

2014: $456

2015: $232

2016: $475

2017: $2,417

2018: $9,587

2019: $8,704

2020: $11,374 3rd Halving - My Prediction

Research and analysis of the Bitcoin market tells me…the bitcoin price in May will be very straight forward will be in the $7,400 - $13,000 range. Unless we see another drop in the markets then all bets are off, set those stop losses for $7,400. As it stands now a pump into the halving from now into May 12-16 we get back to $11K - $13K bitcoin. We then dump and fall back down to the $7.8K - $9.2K range as miners adjust to price post halving.

Whats ahead…Consensus 2020, Ethereal 2020, Virtual Blockchain Week into the Halving. All very bullish events for bitcoin. More Stimulus Checks? Possibly and if so more people will enter bitcoin.

We have more then enough to get us to 11K

I run a small newsletter if you like to subscribe you can here at: Thriller Crypto

Thanks for reading my crazy 11K theory.


Pantera Capital CEO: Bitcoin Could Peak Over $500K in August 2021 (current BTC/USD price is $8,917.05)

Latest Bitcoin News:

Pantera Capital CEO: Bitcoin Could Peak Over $500K in August 2021

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


Bitcoin Halving & the Step to Maturation

It’s about a week to the long-expected Bitcoin halving.

You can easily find a counting down page by visiting the website of any exchange, online magazine or data aggregator. Yes — everybody is waiting for it.

Source: Bitcoin Block Half

It’s an event that brings both predictability and uncertainty.

What is Predictable?

Bitcoin was designed as a deflationary currency with a 21 million fixed supply, like gold. Over time, the issuance of bitcoins will decrease and thus become scarcer.

When it was first created, 50 Bitcoins per block were given as a reward to the miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140).

At about 06:18 UTC on May 12, 2020 (as of writing), the block rewards of Bitcoin will drop from 12.5 BTC to 6.25 BTC.

What is Uncertain?

Source: https://www.bitcoinblockhalf.com/

As is shown in this chart, we can note a significant price jump after each halving.

But will this time turn out to be a different story when both the stock market and the crypto market are much more volatile than usual due to the global COVID-19 pandemic?

The past few months saw a big shakeout in the crypto market due to the coronavirus pandemic and its aftermath. On March 12, the Bitcoin price dumped 40% touching $3,800 within the day, marking a Black Thursday of the year.

The stock market went through a severe crash too. The US stock market triggered the “circuit breaker” four times within 10 days.

Just recently, the Bitcoin price soared above $9,000 and has now retraced to $8,864 at the time of writing, according to the statistics on CoinMarketCap.

Nobody knows for sure how things will be when the halving happens. Will the Bitcoin price be even more volatile or will it stabilize?

2020 Bitcoin Maturity Test

According to the Bloomberg Crypto Outlook (April 2020 Edition), the increasing futures open interest, declining volatility and relative outperformance despite the stock-market shakeout this year indicates Bitcoin is maturing from a speculative crypto asset toward a digital version of gold.

Increasing futures open interest

Source: skew

The number of Bitcoin futures contracts outstanding listed on the Chicago Mercantile Exchange (CME) has recovered significantly from the March lows, indicating a resurgence in institutions that want to buy the cryptocurrency. The high volume also represents taming of the highly speculative bull market.

Declining Volatility

Source: Bloomberg

This graphic shows that the correlation between Bitcoin and gold has jumped to the highest since 2010, twice that of equities, suggesting that Bitcoin is now divorcing equities and joining gold.

Bitcoin Outperformed Stock Market

Apart from that, Bitcoin is becoming less of a risk-on asset. In the first quarter of 2020, Bitcoin remained up about 9% when the S&P 500 showed a correction of 20%.

To Sum Up

2020 marks a key test for Bitcoin’s transition from speculative asset to the crypto market’s version of gold. We believe that the first-born crypto will pass the test to move towards a mature gold-like asset.

At Leverj, we are working actively on the decentralized derivatives market including Bitcoin perpetuals which is expected to be launched in a couple of months.

Visit live.leverj.io to enjoy our zero-fee trading for a limited period of time as of now. Follow us on Twitter or join our Telegram group to stay tuned for our updates.

Please keep in mind

US Persons are not allowed to trade on Leverj. Users from sanctioned countries or Specially Designated National (SDN) as per OFAC are also not allowed to use the system.

Before you trade, please make sure you are legally permitted to trade cryptocurrencies, derivatives, and any other instruments offered on this platform from your home jurisdiction.

Nothing in this article constitutes an offer, solicitation, or investment advise.


Swipe April 2020 Updates

https://preview.redd.it/nc8hwz6oevw41.jpg?width=1280&format=pjpg&auto=webp&s=367719fabda9f35faeecfadcbe9d5be9fef56693

This month, Swipe focused on the need of the users to have a seamless and, as much as possible, contactless transactions worldwide. Swipe joins the community in aiming to lessen the people’s exposure to the global pandemic COVID-19 by providing solutions to its users.

Swipe also continues to provide excellent service through partnership activities and giveaway events to its community.

Swipe Spotlight

Swipe recently launched the “Swipe Spotlight” program aiming to either list or highlight a new or existing coin/token on the platform. Users will be able to enjoy a 0% fee for using the selected coin/token on the Swipe platform compared to the normal charge of 1% for buying, selling and spending cryptocurrencies and 4.5% for debit card or credit card and Apple Pay purchases.

Users will benefit from receiving no fees on these purchases in a form of rebate after 30 days.

Swipe Visa Cards Contactless NFC Update

Swipe announced this April that it increased the limits for its PIN-less NFC tap payments. The company acknowledges the current need to limit the people-to-people transactions to avoid the possibility of acquiring the COVID-19 disease. The limits for physical payments are €50 per payment with a daily limit of €150.

SXP Deflationary Supply Model

This month, Swipe explained the deflationary model its implements called “tokenomics.” Swipe Token (SXP) has a 300,000,000 fixed supply programmatically designed to become lower over time due to the nature of the protocol. The total SXP supply is designed to decrease, as more demand and use in the protocol happens within the Swipe user base and community.

In the Swipe Network, 80% of transaction fees that flow through its protocol get automatically destroyed by a smart contract that has been audited and verified by CertiK. 20% of those transaction fees remain in the protocol for Swipe, and in the future, this 20% will be for the validators, as network fees they earn when they validate the transactions of the network.

Swipe plans to upgrade the protocol into a DAO where users can vote on protocol changes. More details on the Swipe v2 protocol will be released via a revised Swipe Network whitepaper soon.

Swipe Spotlight: TRX

Swipe Wallet verified users are now able to use TRON (TRX) on the Swipe platform. Users can buy TRX with a linked bank account in the UK and EU with SEPA transfer or wire funds via SWIFT. TRX may also be purchased with a verified Visa or MasterCard debit or credit card and Apple Pay.

TRX was also selected as April’s Swipe Spotlight coin. This means that Swipe users were able to enjoy buying, selling and spending TRX without any fees for the whole month of April.

Twitter Giveaway

Swipe continues to give back to its users as it has recently announced the 10 lucky users on its recent twitter giveaway. Winners received $100 in Bitcoin (BTC) through Swipe’s Twitter Giveaway Event in celebration of its May 1st announcement.

Earn cash back in Bitcoin (BTC) via Swipe Visa Card

Swipe Visa card users in the United Kingdom and 28 countries* in Europe can now earn their cash back in Bitcoin (BTC). Swipe Visa card users can also enjoy converting their cryptocurrencies to Euros, spend Euros and earn crypto, use Google Pay, and use Visa Paywave NFC tap payments.

ARK and USDC integration on Swipe Wallet

Swipe has listed ARK and USD Coin (USDC) on the Swipe Wallet platform. Swipe users can now buy and sell these cryptocurrencies via their linked bank account or cards, spend it to fiat using Swipe Visa, and exchange these coins instantly with all the supported coins in the Swipe Wallet platform.

Swipe Token available at Vision Crypto App and VCC Exchange

Swipe announced that its native token Swipe Token (SXP) is now available at Vision Crypto App and VCC Exchange.

Vision and VCC Exchange users can now start adding SXP on their portfolio and wallet and start trading SXP/BTC, respectively.

BQ.Net x Swipe Token

Swipe Token (SXP) is now officially listed for trading at BQ.Net (Bitsdaq). Users of BQ.Net can now make SXP deposits and withdrawals and trade with SXP/BTC pair on the platform.

Users are now able to deposit SXP to Bittrex Global immediately and trade with SXP/BTC Pair.

Waived Swipe Visa Card Fee this May

In celebration of the Bitcoin Halving, all Swipe Visa Cards will be free for the entire month of May. No membership fee, annual fee, card order fee, and shipping fee will be charged for the users who will avail of these services.

Spend crypto and earn up to 5% cashback in Bitcoin.

Swipe Launches Samsung Pay for Swipe Visa Cardholders

Swipe Wallet Android users can now add their Swipe Visa Debit cards directly to their Samsung Pay Wallets. Samsung Pay gives Swipe Visa cardholders access to a secure and fast way to pay with their smartphones, smartwatches, and other Samsung Pay-enabled devices. With this integration and relationship with Samsung, cardholders can enjoy these benefits instantly and use their cryptocurrencies at over 50 million locations worldwide.

---

Stay up-to-date with all the latest news from Swipe

Website: https://swipe.io

Twitter: https://twitter.com/SwipeWallet

Facebook: https://facebook.com/Swipe

Instagram: https://instagram.com/Swipe

Medium: https://medium.com/Swipe

Telegram: https://t.me/SwipeWallet & https://t.me/Swipe

LinkedIn: https://www.linkedin.com/company/swipewallet

YouTube: https://youtube.com/SwipeWallet


[Daily Discussion] Tuesday, May 05, 2020

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Altcoin Discussion] Tuesday, May 05, 2020

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:


For Trading May 5th

For Trading MAY 5th

Oil Starts Down But Ends Higher

FAANGS Rally

Today’s market got off to a lower start but after the first 15 minutes it was pretty clear that we were headed for a relatively quiet and short-range day. The range for the DJIA was a “mere” 400 points and the close was +26.07 (.11%) and just 20 off the high. The NASDAQ was where most of the action took place with rallies in AMZN, AAPL, NFLX and TSLA and a final +105.76 (1.23%). The S&P 500 was +12.03 (.42%) and the Russell +3.49 (.28%) and the DJ Transports was the big loser -163.90 (2.01%). Market internals were mixed with the NYSE 15:13 down while NAZ was 17:15 Up. Volume was on the light side. The DJIA was 17 down and 13 higher. There were no major gainers or losers.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/bObD610XIiE

SECTORS: Earnings played a part in today’s market. J Crew and HTZ are talking about bankruptcy, but neither traded in after hours. SBUX didn’t actually report but did say that they were opening 98% of their China shops and those in the U.S. as soon as possible. After closing $71.89 -1.90 it moved slightly higher to 73.60 1.71. AIG reported but the stock did nothing while Shake Shack: SHAK missed on revenues but beat on earnings and after closing $52.77 +1.07 moved slightly higher to $55.42 it finished $53.50 + just .73. The last name on the list was the biggest winner, Chegg: CHGG closed $43.79 +1.43 (3.38%) beat on both top and bottom lines and gave great guidance. It ran to $51.37 and closed there +6.95 (15.81%).

FOOD SUPPLY: was LOWER with TSN -4.18 (6.97%), BGS +.32, FLO -.32, CAG +.14, MDLZ -.84, KHC -.58, CALM +1.06, JJSF -1.97, SAFM -.95 and LANC -.08.

BIOPHARMA: was HIGHER with BIIB +3.43, ABBV -.98, REGN +16.60, ISRG +3.13, GILD -.15, MYL +.39, TEVA -.32, VRTX +9.79, BHC -.39, INCY +3.69, ICPT +1.64, LABU +5.03 (14.84%) and IBB $124.30 +3.40 (2.81%).

CANNABIS: This group was HIGHER with TLRY +.40, CGC +.56, CRON +.18, GWPH +4.88, ACB +.001, PYX +1.28 (51.61%), NBEV +.05, CURLF -.02, KERN -.08 and MJ $11.95 +.40 (3.46%).

DEFENSE: was LOWER with LMT -3.47, GD -3.30, TXT -.58, NOC -6.05, BWXT -.65, TRX -1,86, and ITA $147.44 -2.97 (1.97%).

RETAIL was MIXED with M -.07, JWN +2.38, KSS -.15, DDS -.41, JCP +.002, WMT +.88, TGT +3.22, TJX -.55, RL -1.22, UAA +.18, LULU -.03, TPR -.56, CPRI +.11 and XRT $35.85 +.19 (.53%).

FAANG and Big Cap: were HIGHER with GOOGL +4.70, AMZN +21.91, AAPL +4.59, FB +2.93, NFLX +13.10, NVDA +8.57, TSLA +67.68, BABA -2.28, BIDU -1.42, CMG -1.05, BA -2.02, CAT -3.42, DIS -3.42 and XLK $90.09 +1.18 (1.33%).

FINANCIALS were LOWER with GS -1.07, JPM -.75, BAC -.13, MS -.30, C -.33, PNC -1.95, AIG -.01, TRV +1.32, AXP -1.56, V +1.12, and XLF $21.86 -.20 (.91%).

OIL, $20.39 + .61. Oil was lower overnight (18.80) but rallied and moved higher (21.42) before closing higher. Tonight, it is higher again trading $21.59 +1.20. The stocks were higher$37.09 +1.24 (3.46%).r with the market. XLE closed $38.00 -.86 (2.21%).

METALS, GOLD: $1,713.30 +12.40. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. I said I wanted to get long the GLD if we can probe the $1710 range, and when it traded $17.04 yesterday, I was a buyer. Our calls fell back to .75. We are also long NEM.

BITCOIN: closed $8935 +95. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $9.98 +.51 today.

Tomorrow is another day.

CAM



For Trading May 5th

For Trading MAY 5th

Oil Starts Down But Ends Higher

FAANGS Rally

Today’s market got off to a lower start but after the first 15 minutes it was pretty clear that we were headed for a relatively quiet and short-range day. The range for the DJIA was a “mere” 400 points and the close was +26.07 (.11%) and just 20 off the high. The NASDAQ was where most of the action took place with rallies in AMZN, AAPL, NFLX and TSLA and a final +105.76 (1.23%). The S&P 500 was +12.03 (.42%) and the Russell +3.49 (.28%) and the DJ Transports was the big loser -163.90 (2.01%). Market internals were mixed with the NYSE 15:13 down while NAZ was 17:15 Up. Volume was on the light side. The DJIA was 17 down and 13 higher. There were no major gainers or losers.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/bObD610XIiE

SECTORS: Earnings played a part in today’s market. J Crew and HTZ are talking about bankruptcy, but neither traded in after hours. SBUX didn’t actually report but did say that they were opening 98% of their China shops and those in the U.S. as soon as possible. After closing $71.89 -1.90 it moved slightly higher to 73.60 1.71. AIG reported but the stock did nothing while Shake Shack: SHAK missed on revenues but beat on earnings and after closing $52.77 +1.07 moved slightly higher to $55.42 it finished $53.50 + just .73. The last name on the list was the biggest winner, Chegg: CHGG closed $43.79 +1.43 (3.38%) beat on both top and bottom lines and gave great guidance. It ran to $51.37 and closed there +6.95 (15.81%).

FOOD SUPPLY: was LOWER with TSN -4.18 (6.97%), BGS +.32, FLO -.32, CAG +.14, MDLZ -.84, KHC -.58, CALM +1.06, JJSF -1.97, SAFM -.95 and LANC -.08.

BIOPHARMA: was HIGHER with BIIB +3.43, ABBV -.98, REGN +16.60, ISRG +3.13, GILD -.15, MYL +.39, TEVA -.32, VRTX +9.79, BHC -.39, INCY +3.69, ICPT +1.64, LABU +5.03 (14.84%) and IBB $124.30 +3.40 (2.81%).

CANNABIS: This group was HIGHER with TLRY +.40, CGC +.56, CRON +.18, GWPH +4.88, ACB +.001, PYX +1.28 (51.61%), NBEV +.05, CURLF -.02, KERN -.08 and MJ $11.95 +.40 (3.46%).

DEFENSE: was LOWER with LMT -3.47, GD -3.30, TXT -.58, NOC -6.05, BWXT -.65, TRX -1,86, and ITA $147.44 -2.97 (1.97%).

RETAIL was MIXED with M -.07, JWN +2.38, KSS -.15, DDS -.41, JCP +.002, WMT +.88, TGT +3.22, TJX -.55, RL -1.22, UAA +.18, LULU -.03, TPR -.56, CPRI +.11 and XRT $35.85 +.19 (.53%).

FAANG and Big Cap: were HIGHER with GOOGL +4.70, AMZN +21.91, AAPL +4.59, FB +2.93, NFLX +13.10, NVDA +8.57, TSLA +67.68, BABA -2.28, BIDU -1.42, CMG -1.05, BA -2.02, CAT -3.42, DIS -3.42 and XLK $90.09 +1.18 (1.33%).

FINANCIALS were LOWER with GS -1.07, JPM -.75, BAC -.13, MS -.30, C -.33, PNC -1.95, AIG -.01, TRV +1.32, AXP -1.56, V +1.12, and XLF $21.86 -.20 (.91%).

OIL, $20.39 + .61. Oil was lower overnight (18.80) but rallied and moved higher (21.42) before closing higher. Tonight, it is higher again trading $21.59 +1.20. The stocks were higher$37.09 +1.24 (3.46%).r with the market. XLE closed $38.00 -.86 (2.21%).

METALS, GOLD: $1,713.30 +12.40. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. I said I wanted to get long the GLD if we can probe the $1710 range, and when it traded $17.04 yesterday, I was a buyer. Our calls fell back to .75. We are also long NEM.

BITCOIN: closed $8935 +95. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $9.98 +.51 today.

Tomorrow is another day.

CAM



Killing bitcoin for fun and profit.

Hello guys! This is going to be slightly unusual for a post here, because this is taking the war for the environment to an area not usually seen for environmentalists. Weaponized cryptocurrency investing. What I am advocating for here is the financial equivalent of an all out war on bitcoin.

Bitcoin has had a pretty disastrous effect up until now on the environment. Bitcoin is the main cryptocurrency, and relies on a scheme of verifying transactions known as proof of work in order to maintain the validity of the chain. Every bitcoin mined is about $8,000 worth of electricity burned and all that juice comes from sources we all know too well. And the majority isn't green energy. >.<

However, there is a new up and coming cryptocurrency that is looking to transform the cryptocurrency industry, and it could use your help. The new technique for reaching consensus is known as proof of stake. In proof of work, 99.7% of the power consumption of the network is devoted to computing hashes. Hashing is mathematically hard work, and the difficulty of that work is what is used to determine how much of a vote each part of the network has.

In proof of stake, all of that hashing goes away, and is replaced with an elegant voting system that punishes bad actors who attempt to lie. You stake your coins, and if you are out of consensus or try to lie, the network takes your deposit away from you.

The new up and coming cryptocurrency looking to implement proof of stake is known as ethereum. It is the second largest cryptocurrency by marketcap, and many cryptocurrency traders believe that if ethereum manages to flip bitcoin in marketcap valuation, bitcoin will fade into oblivion. And with bitcoin's fall from grace, the mining rigs that are so wasteful with energy today will become unprofitable and turn off.

What can you do to help this happen?

So, not today, but sometime in july or august when ethereum launches eth2.0, which is the version which has staking built in, you need to chip in and buy some ethereum crypto. We don't need to buy alot. If each of us set aside $100 to buy in, our subreddit alone could push the marketcap of ethereum by $760,000 In the trading world, that's quite a bit! Also, our collective buying power will have tagalong effects causing other people to see the price rising, and chip in. As they chip in, and sell their bitcoins for ethereum, the buying power of bitcoin falls, and more miners shut down. If we can shut off enough miners fast enough, bitcoin will clog as miners shut off faster than the difficulty rate of bitcoin's hashing algorithm can fall to keep up. When bitcoin clogs like that it will seize up and become unusable, and then you have a liquidity panic as investors flee for whatever other options there are. And that is how bitcoin dies.

And here is something to think about- unlike a donation to a charity, or to an event, ethereum is a loan. An investment. You can cash out back into dollars whenever you like if you need to. But killing bitcoin mining as an economic model is something I hope we can all agree on needing to happen. This is a concrete way to get the job done.

Here is my referral link to coinbase. https://www.coinbase.com/join/pjensen1

Use the $10 they give you for signing up to buy ethereum. No bitcoin! Also, don't do it today. Do it when eth2.0 is released. But sign up and get ready now.

Something to understand- we need to move together on this. The eth2.0 release date needs to be a shock catalyst that transforms the narrative around bitcoin from being an interesting new asset to being something old, slow and clunky. Also, the shock needs to happen fast so that the bitcoin difficulty adjustment does not have time to adjust down for miners leaving the network. That can only happen if we flip bitcoin hard and fast. We can do it together guys.


killing bitcoin for fun and profit

Cryptocurrency has had a pretty disastrous effect up until now on the environment. Bitcoin is the main cryptocurrency, and relies on a scheme of verifying transactions known as proof of work in order to maintain the validity of the chain.

However, there is a new up and coming cryptocurrency that is looking to transform the cryptocurrency industry, and it could use your help. The new technique for reaching consensus is known as proof of stake. In proof of work, 99.7% of the power consumption of the network is devoted to computing hashes. Hashing is mathematically hard work, and the difficulty of that work is what is used to determine how much of a vote each part of the network has.

In proof of stake, all of that hashing goes away, and is replaced with an elegant voting system that punishes bad actors who attempt to lie. You stake your coins, and if you are out of consensus or try to lie, the network takes your deposit away from you.

The new up and coming cryptocurrency looking to implement proof of stake is known as ethereum. It is the second largest cryptocurrency by marketcap, and many cryptocurrency traders believe that if ethereum manages to flip bitcoin in marketcap valuation, bitcoin will fade into oblivion. And with bitcoin's fall from grace, the mining rigs that are so wasteful with energy today will become unprofitable and turn off.

What can you do to help this happen?

So, not today, but sometime in july or august when ethereum launches eth2.0, which is the version which has staking built in, you need to chip in and buy some ethereum crypto. We don't need to buy alot. If each of us set aside $100 to buy in, our subreddit alone could push the marketcap of ethereum by $65,100,000 In the trading world, that's quite a bit! Also, our collective buying power will have tagalong effects causing other people to see the price rising, and chip in. As they chip in, and sell their bitcoins for ethereum, the buying power of bitcoin falls, and more miners shut down. If we can shut off enough miners fast enough, bitcoin will clog as miners shut off faster than the difficulty rate of bitcoin's hashing algorithm can fall to keep up. When bitcoin clogs like that it will seize up and become unusable, and then you have a liquidity panic as investors flee for whatever other options there are. And that is how bitcoin dies.

And here is something to think about- unlike a donation to a charity, or to an event, ethereum is a loan. An investment. You can cash out back into dollars whenever you like if you need to. But killing bitcoin mining as an economic model is something I hope we can all agree on needing to happen. This is a concrete way to get the job done.

Here is my referral link to coinbase. https://www.coinbase.com/join/pjensen1

Use the $10 they give you for signing up to buy ethereum. No bitcoin! Also, don't do it today. Do it when eth2.0 is released. But sign up and get ready now.

Something to understand- we need to move together on this. The eth2.0 release date needs to be a shock catalyst that transforms the narrative around bitcoin from being an interesting new asset to being something old, slow and clunky. Also, the shock needs to happen fast so that the bitcoin difficulty adjustment does not have time to adjust down for miners leaving the network. That can only happen if we flip bitcoin hard and fast. We can do it together guys.


Bitcoin Customer Care Number ☎+1.[888/417/32O9] Bitcoin Customer service Number Bitcoin Customer care Number Bitcoin Helpline Number

Bitcoin Wallet atm machine customer service center billing mail has been launched for fulfilling requirement of checking the mails through any device. It has made easy for the users to access the account from even a simple computer. With this mail account you can simply “Sign-In” in your account by putting the email address and the password. Once you “Sign In” you can check the activity of your mail account. You can compose, read the incoming mail and also download the large file attachments.

Majority of people has been registered with Bitcoin premium email account because it is completely different from other mail accounts with number of favorable qualities available in it. It is currently considered as one of the leading webmail application that has got the remarkable reputation among the users and it’s effectual Bitcoin email customer support is always available for those users who generally face issues while handling accounts. To update them the customer carenical team attends sessions which over different parts require for the effective support.

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A time came and America on-line grew enough to the peaks of success and become a market leader surpassing all the competitors behind. Therein section, the dial-up association was increasing and therefore the net craze was simply in its initial section. But soon, it came tumbling down. Once the unhealthy section went, in its effort to survive and keep intact, America on-line re-branded itself and become Bitcoin by introducing services like AIM, Bitcoin LOCAL, Bitcoin Video, News and plenty of additional.

Time went, Bitcoin faced the heights however tasted the failure too. Simply in recent years once Verizon purchased Bitcoin, the protection is predicted for the soundness of the corporate. The journey of Bitcoin is incredibly spectacular.

ABOUT Bitcoin EMAIL

Apart from different services, what grew quickly was the e-mail service. Bitcoin email is freely obtainable in additional than 3 dozen languages with entrancing options. This good email is assessed from any browser at any time of the day from any corner of the planet. Simply a couple of years after once Verizon acquired Bitcoin; Bitcoin then undertook Bitcoin under its roof and created ‘Oath’. With most to explore with this outstanding email, ignoring the glitches concerned in it’ll be an injustice. There are infinite users who face some or different troubles whereas victimization a reliable email service. And therefore the credit goes to the Bitcoin Customer Care Phone Number who work around the clock to resolve all types of problems encountered by the users. Commanding troubles for a jiffy have a glance at the wonderful characteristics of Bitcoin Email.

Peculiarities of Bitcoin Email

Ease of looking and victimization Filters: With this exceptional feature, users of Bitcoin Email have the good thing about looking at emails, contacts, and events. They will even create filters for messages and emails.

Allowance for managing your calendars: The users of this email will subscribe, print, produce or maybe add a calendar. They will manage the programs from the calendar and simply edit them too.

The convenience of making folders: through this good email, users will produce a brand new folder, rename it additionally delete it as per their preference.

Saving emails & moving messages: by clicking at the lot of icons, users will merely save their emails and move single or multiple messages to the created folders.

The comfort of deleting multiple emails: not solely the users have the comfort of deleting single or multiple emails at a time however conjointly they will recover any accidentally deleted email at intervals seven days of deletion.

Panel resizing option: users will effortlessly size the panels in Bitcoin email to their feeling. Simply move your pointer to try and do the resizing.

Disable the reading pane: if you don’t need the reading pane on your screen, you’ll disable it by planning to settings then clicking customization.

Personal customization of Bitcoin Email: this is often the most effective feature of all, through this users will customize the approach they need their messages to be displayed in their inbox. Space, previewing, dynamical of font also can be done.

Composing emoji’s: Bitcoin Tech Support a large varies of emojis (pictorial characters) that the users will use in their email messages.

Mouse & Keyboard shortcuts: similar to you are doing the shortcuts in your day to pc works, you’ll equally lie within Bitcoin. The shortcuts embody for list read, contacts, calendars, navigations and others.

The benefits of victimization this good email service don’t finish here, in fact, there are way more of them which may be explored once connection the family of Bitcoin Email. Because the coin has 2 sides, therefore will this email. Wherever there are uncounted advantages, some dis-satisfactory complexities also are concerned. Do not forget that the majority of the troubles are repairable through troubleshooting. For those, who don’t the correct method of resolution is suggested to succeed in out to Bitcoin Tech Support Phone Number that stays active 24×7 on-line. The veteran team of technical specialists has the adequate data to repair all the problems that are confronted by the users. Is your pc activity terribly slowly once putting in Bitcoin Instant Messenger? Have you ever been noticing the looks of error code 102 messages on your desktop screen? If you’ve got, then by contacting Bitcoin Email Customer Support Phone Number, you may be ready to resolve this now. The team of certified and veteran staff is accessible 24×7 to handle no matter reasonably Bitcoin drawback that the purchasers might face. Therefore whenever you’re facing installation or upgrade drawback along with your AIM or your Bitcoin software system, you’ll contact the support service team.

How will technical professionals give assistance in obtaining started with Bitcoin?

Bitcoin is one in all the most effective email services that comes with completely different and distinctive options. It offers personalized mail expertise that may assist you to keep connected along with your colleagues, friends and lots of different persons. Sending and receiving emails with Bitcoin is done sort of a professional. Here are some steps that you are required to follow if you would like to induce started with the e-mail services of Bitcoin. Let’s have a glance at them:

Open your browser and sort mail.Bitcoin.com in it.

Click on “Get FREE Bitcoin” to let the method begin

The next step is to settle on the e-mail address and password for the account Bitcoin account.

In case you are already having an AIM screen name then you’ll use a similar for your existing screen name and password. With this, you may get an AIM Mail address that is able to be supported by the screen name.

In this approach, you’ll produce your own account on Bitcoin and obtain started with it. If you get any drawback in understanding any above-named steps then contact the techies for Bitcoin Tech support service. Right from making a brand new account and dynamical the password, you’ll get all types of facilities from the specialists over the phone.

How Bitcoin Tech Support offers technical assistance to the customers?

It is right the same that if you are victimization any email services that you will even have to face its technical mishaps. There are times once users get pissed off attributable to technical problems like server issues, page not opening, password problems and plenty of additional. The best and quickest answer to those issues is to induce fast facilitate from the techies. Here are some ways in which during which specialists will facilitate Bitcoin users:

We provide period technical support to the Bitcoin users so as to form them get obviate technical glitches

Customers can get tech aid at any day any hour any time. A team of pros are going to be obtainable twenty-four hours therefore the client will create a call to them anytime.

No ought to drift here and there for breakdown the password or account setting problems. Customers will avail of this technical support service right from the comfort of their home.

Technical representatives never let down the client once it involves confronting technical errors.

The entire technical help method is finished in a very speedy manner by professionals.

All the steps and answers are going to be provided to the purchasers over the phone for customer’s convenience.

Our team of specialists is ready to handle all the straightforward and complex issues of Bitcoin with ease.

We instruct the users over the phone to form them stress-free and obtain eliminate technical issues.

By dialing Bitcoin Customer Service Phone Number, you will directly get connected to the techies. With only one call, customers will speak on to the professionals and describe their Bitcoin connected problems.

What types of technical errors would like Bitcoin email customer support?

With Bitcoin email service, you’ll encounter completely different issues such as:

Password lost or forgotten

Problems whereas accounting creation or work in

Not able to connect the significant files or traditional files

Missing mail sign

Image not showing within the emails

Unable to look at the downloads

Account hacking issue

Technical issue of password retrieval or recovery

Getting technical error in sending the e-mail and retrieving the e-mail

Some of the technical glitches are quite common that happens with virtually everybody. Think about selecting the technical support service will facilitate in eradicating of these problems with ease. For handling these problems, correct help and guidance are needed. This may be done by the team of technical representatives.

How to solve the emails retrieval issues of Bitcoin users?

The first step is to logout from the account and once more log in by getting into all the main points.

Check if the Java application scripting and cookies are enabled.

Now, clear the cache, history, and cookies of the net browser.

After this, sign up and take a look at to retrieve the emails.

How to fix the signup problems with Bitcoin emails?

Many times, it’s been seen that users face sign up issues. This drawback is principally happening attributable to an incorrect username and password. In such a problematic scenario, follow these steps:

Firstly, visit the browser and open the home page of Bitcoin.

Secondly, you wish to click on the choice of Forgot password to reset the password of Bitcoin email.

Once you are through with resetting the password, attempt language in once more

Even once resetting the password, you are facing a similar drawback then attempt to clear all the cookies. This can assist you in fixing the check-in problems with Bitcoin.

How Bitcoin phone number is helpful to customers?

Bitcoin Email Tech Support Phone Number permits individuals to induce connected with the specialists directly for sharing their problems. Customers can get around the clock service for troubleshooting the technical issues associated with Bitcoin. The most objective of this Bitcoin client service is to form the purchasers relaxed and stress-free. All you are required to try and do is to offer a fast call to the technical specialists.

How do I reset the Bitcoin email password?

By providing wonderful email services, Bitcoin has become the foremost trustworthy email service suppliers. Bitcoin email service permits causing and receiving emails in a hassle-free manner. Alongside this, there are several latest options that permit the users to customize it. There are times once technical problems associated with Bitcoin email will bother you. One in all the common technical issues is forgetting and losing the Bitcoin password. This may happen with anyone and losing the password isn’t an enormous deal. If you are looking for the ways in which to reset the Bitcoin email password then dialing Bitcoin Customer Support Phone Number would be an excellent plan. You’ll seek advice from the professionals concerning password problems and obtain instant support from them.

Here are some steps that you simply ought to do for resetting the Bitcoin email password:

You need to open the Bitcoin login page.

Now, choose login/Join. After this, you wish to enter your username and click on “next”.

Now, opt for “forgot password” and enter your username then click on next.

You’re required to produce your telephone number that entered at the time of account creation. After this, click on the consequent button.

After this step, you are required to verify your identity through code verification. The code is going to be sent to your telephone number. You’ll get the code through a telephone call or text.

Once you get the code, enter it and click on next.

Now, you will be asked to make a brand new password for your Bitcoin email account.

After getting into the password, click on save.

Bitcoin users also can follow the below-mentioned steps to reset the password through recovery email address.

First of all email a reset link to the “my recovery emails address” and tap “next”.

This will send an email to your various email address that provided as at the time you signed up for Bitcoin.

Now click on shut button.

Now, open your various email account for the password reset message.

Click on the link that you bought within the email. On clicking it, you will get a brand new page.

Enter your new password and saves the changes that you have created.

With a couple of easy steps, you’ll simply reset your Bitcoin account password. For additional technical help, you’ll ring on Bitcoin Email Technical Support Phone Number. Our team of pros can guide you and supply your directions over the phone. Right from a minor technical issue to major ones, our specialists are ready to handle every one of them in a hassle-free manner. So, don’t wait, simply create a telephone call to our team of specialists. We’re obtainable twenty-four hours to assist the purchasers and create them extremely glad in terms of effective answer and immediate help.

Queries that are often asked by Bitcoin email users?

There are plenty of doubts that can occur in a user’s mind while using the Bitcoin email. Some of the very basic queries that are often asked by Bitcoin email users and have hassled them from time to time have been listed below:

What are the steps to create a new Bitcoin email account?

How to resolve the sign-in errors?

How to import messages from Bitcoin?

How to compose emails and send them to different recipients.

What is the way to send attachments?

How to reset the password of the mail?

What can be done if someone has forgotten the mail?

How to create folders to categorize everything?

What are the ways to set up auto-reply?

How to resolve Blerk error 1 in Bitcoin?

Some of the advice to avoid the glitches

It is quite vital to keep your account safe from outside hackers and intruders. Just take some tips that are given below and avoid the common flaws.

Change the password after some time like every month, so that the email ID doesn’t become vulnerable

Timely clean your junks from the folders using the file cleaner

Do not access the emails on public devices such as public desktop, laptop, and if you do, make it sure that you log out.

If you have a personal smartphone, then only save the password, otherwise, don’t save your password.

These are just a few vital tips to help you with ease at the email conflict. For more advice, just contact the Bitcoin Tech Support Phone Number team. Pick up your phone and dial the Bitcoin technical support number for the same. They will be able to resolve the flaws as the technicians are extremely qualified and experienced in handling the queries. They will be able to assist you with a complete solution and provide with the guaranteed solution.

How to resolve Bitcoin error 47-ac-3101?

If users wish to fix the Bitcoin error 47-AC-310 then users can execute the given methods:

First access your system with your admin account.

After that go to ‘Windows Start’ menu, All Programs, Accessories, System Tools’.

Further this click on System Restore Option and provide all the details that have been asked for.

Finally, just save and restart the system.

If users come across any problem, then promptly contact the Bitcoin customer care to avail more guidance on this problem.

How to change the Bitcoin password for the Apple Bitcointing system?

If users are searching for ways to change the Bitcoin email password for Apple Bitcointing Systems, then users can follow the given methods:

For iPhone

First of all, navigate through to the settings à Mail Contacts and Calendar à Bitcoin

Further this user would have to enter their username and then click the option to change the password.

After this user would have to provide the old password and then enter the new password.

Finally, just click to save the password.

For Mac

First fill the login details and sign in to your account

Further this go to settings and choose to change the password

Users would now have the option to create a new password and then save the changes.

How to transfer the Bitcoin contacts to Microsoft Outlook?

If users are looking for the exact methods which would help users transfer Bitcoin contacts to Microsoft Outlook, then they can take up the methods that have given below:

First of all, sign in to Bitcoin account and Choose Contacts.

After that navigate to Tools, then export using CSV option.

Now save the files at the desired location.

Further this Sign in to Outlook.

Now Just Click on the option of CVS

Further Choose the file from the saved location and opt to import.

Basic Needs for Bitcoin Email

When clients wish to start using the services of Bitcoin email, the only thing that they would have to give attention to would be the system needs of this service. It is vital that your device caters to all the necessary system needs of Bitcoin email for it to function efficiently. If your system lacks on these needs, you will face numerous problems while using the Bitcoin Email service. The system needs of Bitcoin email is as given below:

Windows 7 or newer: Bitcoin email works finest with the newest versions of Firefox, Chrome, Safari, and Bitcoin Desktop Gold.

Mac OS X and newer: Bitcoin email works the finest when you have the newest version of Safari, Firefox, and Chrome on your Mac device.

If you are willing to use Bitcoin email on your mobile device, then make sure that you have:

iOS 9.3 or later

Android 4.4 or later

If you wish to know more about the system needs of this service, you can attain the required details by ringing up the Bitcoin email helpline number.

How to Contact Bitcoin Tech Support Phone Number?

Bitcoin offers the client with an efficient way by which they can handle all the difficulties that they might have to face while using Bitcoin email. They give the user with help from highly trained and experienced experts who are capable of offering users with rapid solutions. They make sure that the clients are not caught up with any problem for too long. They read the situation and the cause of the problem and then give solutions which would eradicate the problem from its roots. This service is available all around the clock, and the clients can connect with them at any hour. This service gives users with 100% satisfaction. Moreover, availing this service does not charge the clients any money which makes it all the more convenient. The clients simply have to dial the Bitcoin email tech support number, and they would get all the help that would be required.

How to solve HTTP error 504 in Bitcoin?

Bitcoin email clients enjoy a secured network that leads them to the state of satisfaction. But there are some things that can irritate them and HTTP error 504 is such a difficulty that should be addressed rapidly to keep your Bitcoin account working. Error 504 problem is an HTTP state code that is also known as 504 gateway timeout failure. Sometimes it happens when a server doesn’t get a straightforward response from others in a way to reload the network page. These servers work together to make sure the clear loading of the network page, but a small interference in their communication may lead to this problem. Now user needs to solve the problem at earliest, and user can do so by contacting at Bitcoin customer care number.

Root Cause behind the error 504:

There are plenty pf probable reasons that may cause this problem, and user need to know about these reasons to solve the problem:

The server slowdown may create the problem

Network error may generate the problem at the user’s end

Poor internet connectivity may be the big reasons as well

In a some of the cases, problem may be because of the computer error

Improper DNS configuration may also cause the problem

Proxy server settings could be the one the main reason

Simple solutions to solve the error 504 problem:

Now user have seen the root cause, that may be responsible for the problem so user can simply solve the problem to process the exact solutions that are given below:

Solution 1. Once user gets the 504 error, then they will unable to open to the web page, but user needs to keep refreshing the page and press the F5 key to refresh the page and try to open the page. Sometimes the issue may resolve in a couple of minutes, and the user can successfully open the page, but in some cases, the server problem gets deeper, and it may take a few hours to resolve the problem.

Solution 2. Users should check all the network connections and reset these network devices. If the difficulties are associated with the nighthawk, nighthawk, etc. the user can solve it by rebooting all the connected devices.

Solution 3. Users can review the proxy settings as well to solve the problem. Incorrect proxy settings are one of the possible reasons for the problem, so user needs to monitor the proxy settings. Once the user locates them and solve them, the error will be gone.

HTTP error 504 is generally linked with the server connections so user can’t do much from their end. Users can try at least these steps, and if a user is failed to solve the problem, then they should call at Bitcoin tech support phone number and get the most prominent help easily.


For Trading May 5th

Oil Starts Down But Ends Higher

FAANGS Rally

Today’s market got off to a lower start but after the first 15 minutes it was pretty clear that we were headed for a relatively quiet and short-range day. The range for the DJIA was a “mere” 400 points and the close was +26.07 (.11%) and just 20 off the high. The NASDAQ was where most of the action took place with rallies in AMZN, AAPL, NFLX and TSLA and a final +105.76 (1.23%). The S&P 500 was +12.03 (.42%) and the Russell +3.49 (.28%) and the DJ Transports was the big loser -163.90 (2.01%). Market internals were mixed with the NYSE 15:13 down while NAZ was 17:15 Up. Volume was on the light side. The DJIA was 17 down and 13 higher. There were no major gainers or losers.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/bObD610XIiE

SECTORS: Earnings played a part in today’s market. J Crew and HTZ are talking about bankruptcy, but neither traded in after hours. SBUX didn’t actually report but did say that they were opening 98% of their China shops and those in the U.S. as soon as possible. After closing $71.89 -1.90 it moved slightly higher to 73.60 1.71. AIG reported but the stock did nothing while Shake Shack: SHAK missed on revenues but beat on earnings and after closing $52.77 +1.07 moved slightly higher to $55.42 it finished $53.50 + just .73. The last name on the list was the biggest winner, Chegg: CHGG closed $43.79 +1.43 (3.38%) beat on both top and bottom lines and gave great guidance. It ran to $51.37 and closed there +6.95 (15.81%).

FOOD SUPPLY: was LOWER with TSN -4.18 (6.97%), BGS +.32, FLO -.32, CAG +.14, MDLZ -.84, KHC -.58, CALM +1.06, JJSF -1.97, SAFM -.95 and LANC -.08.

BIOPHARMA: was HIGHER with BIIB +3.43, ABBV -.98, REGN +16.60, ISRG +3.13, GILD -.15, MYL +.39, TEVA -.32, VRTX +9.79, BHC -.39, INCY +3.69, ICPT +1.64, LABU +5.03 (14.84%) and IBB $124.30 +3.40 (2.81%).

CANNABIS: This group was HIGHER with TLRY +.40, CGC +.56, CRON +.18, GWPH +4.88, ACB +.001, PYX +1.28 (51.61%), NBEV +.05, CURLF -.02, KERN -.08 and MJ $11.95 +.40 (3.46%).

DEFENSE: was LOWER with LMT -3.47, GD -3.30, TXT -.58, NOC -6.05, BWXT -.65, TRX -1,86, and ITA $147.44 -2.97 (1.97%).

RETAIL was MIXED with M -.07, JWN +2.38, KSS -.15, DDS -.41, JCP +.002, WMT +.88, TGT +3.22, TJX -.55, RL -1.22, UAA +.18, LULU -.03, TPR -.56, CPRI +.11 and XRT $35.85 +.19 (.53%).

FAANG and Big Cap: were HIGHER with GOOGL +4.70, AMZN +21.91, AAPL +4.59, FB +2.93, NFLX +13.10, NVDA +8.57, TSLA +67.68, BABA -2.28, BIDU -1.42, CMG -1.05, BA -2.02, CAT -3.42, DIS -3.42 and XLK $90.09 +1.18 (1.33%).

FINANCIALS were LOWER with GS -1.07, JPM -.75, BAC -.13, MS -.30, C -.33, PNC -1.95, AIG -.01, TRV +1.32, AXP -1.56, V +1.12, and XLF $21.86 -.20 (.91%).

OIL, $20.39 + .61. Oil was lower overnight (18.80) but rallied and moved higher (21.42) before closing higher. Tonight, it is higher again trading $21.59 +1.20. The stocks were higher$37.09 +1.24 (3.46%).r with the market. XLE closed $38.00 -.86 (2.21%).

METALS, GOLD: $1,713.30 +12.40. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. I said I wanted to get long the GLD if we can probe the $1710 range, and when it traded $17.04 yesterday, I was a buyer. Our calls fell back to .75. We are also long NEM.

BITCOIN: closed $8935 +95. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $9.98 +.51 today.

Tomorrow is another day.

CAM



For Trading May 5th

Oil Starts Down But Ends Higher

FAANGS Rally

Today’s market got off to a lower start but after the first 15 minutes it was pretty clear that we were headed for a relatively quiet and short-range day. The range for the DJIA was a “mere” 400 points and the close was +26.07 (.11%) and just 20 off the high. The NASDAQ was where most of the action took place with rallies in AMZN, AAPL, NFLX and TSLA and a final +105.76 (1.23%). The S&P 500 was +12.03 (.42%) and the Russell +3.49 (.28%) and the DJ Transports was the big loser -163.90 (2.01%). Market internals were mixed with the NYSE 15:13 down while NAZ was 17:15 Up. Volume was on the light side. The DJIA was 17 down and 13 higher. There were no major gainers or losers.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/bObD610XIiE

SECTORS: Earnings played a part in today’s market. J Crew and HTZ are talking about bankruptcy, but neither traded in after hours. SBUX didn’t actually report but did say that they were opening 98% of their China shops and those in the U.S. as soon as possible. After closing $71.89 -1.90 it moved slightly higher to 73.60 1.71. AIG reported but the stock did nothing while Shake Shack: SHAK missed on revenues but beat on earnings and after closing $52.77 +1.07 moved slightly higher to $55.42 it finished $53.50 + just .73. The last name on the list was the biggest winner, Chegg: CHGG closed $43.79 +1.43 (3.38%) beat on both top and bottom lines and gave great guidance. It ran to $51.37 and closed there +6.95 (15.81%).

FOOD SUPPLY: was LOWER with TSN -4.18 (6.97%), BGS +.32, FLO -.32, CAG +.14, MDLZ -.84, KHC -.58, CALM +1.06, JJSF -1.97, SAFM -.95 and LANC -.08.

BIOPHARMA: was HIGHER with BIIB +3.43, ABBV -.98, REGN +16.60, ISRG +3.13, GILD -.15, MYL +.39, TEVA -.32, VRTX +9.79, BHC -.39, INCY +3.69, ICPT +1.64, LABU +5.03 (14.84%) and IBB $124.30 +3.40 (2.81%).

CANNABIS: This group was HIGHER with TLRY +.40, CGC +.56, CRON +.18, GWPH +4.88, ACB +.001, PYX +1.28 (51.61%), NBEV +.05, CURLF -.02, KERN -.08 and MJ $11.95 +.40 (3.46%).

DEFENSE: was LOWER with LMT -3.47, GD -3.30, TXT -.58, NOC -6.05, BWXT -.65, TRX -1,86, and ITA $147.44 -2.97 (1.97%).

RETAIL was MIXED with M -.07, JWN +2.38, KSS -.15, DDS -.41, JCP +.002, WMT +.88, TGT +3.22, TJX -.55, RL -1.22, UAA +.18, LULU -.03, TPR -.56, CPRI +.11 and XRT $35.85 +.19 (.53%).

FAANG and Big Cap: were HIGHER with GOOGL +4.70, AMZN +21.91, AAPL +4.59, FB +2.93, NFLX +13.10, NVDA +8.57, TSLA +67.68, BABA -2.28, BIDU -1.42, CMG -1.05, BA -2.02, CAT -3.42, DIS -3.42 and XLK $90.09 +1.18 (1.33%).

FINANCIALS were LOWER with GS -1.07, JPM -.75, BAC -.13, MS -.30, C -.33, PNC -1.95, AIG -.01, TRV +1.32, AXP -1.56, V +1.12, and XLF $21.86 -.20 (.91%).

OIL, $20.39 + .61. Oil was lower overnight (18.80) but rallied and moved higher (21.42) before closing higher. Tonight, it is higher again trading $21.59 +1.20. The stocks were higher$37.09 +1.24 (3.46%).r with the market. XLE closed $38.00 -.86 (2.21%).

METALS, GOLD: $1,713.30 +12.40. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. I said I wanted to get long the GLD if we can probe the $1710 range, and when it traded $17.04 yesterday, I was a buyer. Our calls fell back to .75. We are also long NEM.

BITCOIN: closed $8935 +95. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $9.98 +.51 today.

Tomorrow is another day.

CAM



For Trading May 5th

For Trading MAY 5th

Oil Starts Down But Ends Higher

FAANGS Rally

Today’s market got off to a lower start but after the first 15 minutes it was pretty clear that we were headed for a relatively quiet and short-range day. The range for the DJIA was a “mere” 400 points and the close was +26.07 (.11%) and just 20 off the high. The NASDAQ was where most of the action took place with rallies in AMZN, AAPL, NFLX and TSLA and a final +105.76 (1.23%). The S&P 500 was +12.03 (.42%) and the Russell +3.49 (.28%) and the DJ Transports was the big loser -163.90 (2.01%). Market internals were mixed with the NYSE 15:13 down while NAZ was 17:15 Up. Volume was on the light side. The DJIA was 17 down and 13 higher. There were no major gainers or losers.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/bObD610XIiE

SECTORS: Earnings played a part in today’s market. J Crew and HTZ are talking about bankruptcy, but neither traded in after hours. SBUX didn’t actually report but did say that they were opening 98% of their China shops and those in the U.S. as soon as possible. After closing $71.89 -1.90 it moved slightly higher to 73.60 1.71. AIG reported but the stock did nothing while Shake Shack: SHAK missed on revenues but beat on earnings and after closing $52.77 +1.07 moved slightly higher to $55.42 it finished $53.50 + just .73. The last name on the list was the biggest winner, Chegg: CHGG closed $43.79 +1.43 (3.38%) beat on both top and bottom lines and gave great guidance. It ran to $51.37 and closed there +6.95 (15.81%).

FOOD SUPPLY: was LOWER with TSN -4.18 (6.97%), BGS +.32, FLO -.32, CAG +.14, MDLZ -.84, KHC -.58, CALM +1.06, JJSF -1.97, SAFM -.95 and LANC -.08.

BIOPHARMA: was HIGHER with BIIB +3.43, ABBV -.98, REGN +16.60, ISRG +3.13, GILD -.15, MYL +.39, TEVA -.32, VRTX +9.79, BHC -.39, INCY +3.69, ICPT +1.64, LABU +5.03 (14.84%) and IBB $124.30 +3.40 (2.81%).

CANNABIS: This group was HIGHER with TLRY +.40, CGC +.56, CRON +.18, GWPH +4.88, ACB +.001, PYX +1.28 (51.61%), NBEV +.05, CURLF -.02, KERN -.08 and MJ $11.95 +.40 (3.46%).

DEFENSE: was LOWER with LMT -3.47, GD -3.30, TXT -.58, NOC -6.05, BWXT -.65, TRX -1,86, and ITA $147.44 -2.97 (1.97%).

RETAIL was MIXED with M -.07, JWN +2.38, KSS -.15, DDS -.41, JCP +.002, WMT +.88, TGT +3.22, TJX -.55, RL -1.22, UAA +.18, LULU -.03, TPR -.56, CPRI +.11 and XRT $35.85 +.19 (.53%).

FAANG and Big Cap: were HIGHER with GOOGL +4.70, AMZN +21.91, AAPL +4.59, FB +2.93, NFLX +13.10, NVDA +8.57, TSLA +67.68, BABA -2.28, BIDU -1.42, CMG -1.05, BA -2.02, CAT -3.42, DIS -3.42 and XLK $90.09 +1.18 (1.33%).

FINANCIALS were LOWER with GS -1.07, JPM -.75, BAC -.13, MS -.30, C -.33, PNC -1.95, AIG -.01, TRV +1.32, AXP -1.56, V +1.12, and XLF $21.86 -.20 (.91%).

OIL, $20.39 + .61. Oil was lower overnight (18.80) but rallied and moved higher (21.42) before closing higher. Tonight, it is higher again trading $21.59 +1.20. The stocks were higher$37.09 +1.24 (3.46%).r with the market. XLE closed $38.00 -.86 (2.21%).

METALS, GOLD: $1,713.30 +12.40. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. I said I wanted to get long the GLD if we can probe the $1710 range, and when it traded $17.04 yesterday, I was a buyer. Our calls fell back to .75. We are also long NEM.

BITCOIN: closed $8935 +95. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $9.98 +.51 today.

Tomorrow is another day.

CAM



New Season of Billions Opens With Bitcoin Mining Bust (current BTC/USD price is $8,883.80)

Latest Bitcoin News:

New Season of Billions Opens With Bitcoin Mining Bust

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.


Killing bitcoin for fun and profit

Cryptocurrency has had a pretty disastrous effect up until now on the environment. Bitcoin is the main cryptocurrency, and relies on a scheme of verifying transactions known as proof of work in order to maintain the validity of the chain.

However, there is a new up and coming cryptocurrency that is looking to transform the cryptocurrency industry, and it could use your help. The new technique for reaching consensus is known as proof of stake. In proof of work, 99.7% of the power consumption of the network is devoted to computing hashes. Hashing is mathematically hard work, and the difficulty of that work is what is used to determine how much of a vote each part of the network has.

In proof of stake, all of that hashing goes away, and is replaced with an elegant voting system that punishes bad actors who attempt to lie. You stake your coins, and if you are out of consensus or try to lie, the network takes your deposit away from you.

The new up and coming cryptocurrency looking to implement proof of stake is known as ethereum. It is the second largest cryptocurrency by marketcap, and many cryptocurrency traders believe that if ethereum manages to flip bitcoin in marketcap valuation, bitcoin will fade into oblivion. And with bitcoin's fall from grace, the mining rigs that are so wasteful with energy today will become unprofitable and turn off.

What can you do to help this happen?

So, not today, but sometime in july or august when ethereum launches eth2.0, which is the version which has staking built in, you need to chip in and buy some ethereum crypto. We don't need to buy alot. If each of us set aside $100 to buy in, our subreddit alone could push the marketcap of ethereum by $66,700,000 In the trading world, that's quite a bit! Also, our collective buying power will have tagalong effects causing other people to see the price rising, and chip in. As they chip in, and sell their bitcoins for ethereum, the buying power of bitcoin falls, and more miners shut down. If we can shut off enough miners fast enough, bitcoin will clog as miners shut off faster than the difficulty rate of bitcoin's hashing algorithm can fall to keep up. When bitcoin clogs like that it will seize up and become unusable, and then you have a liquidity panic as investors flee for whatever other options there are. And that is how bitcoin dies.

And here is something to think about- unlike a donation to a charity, or to an event, ethereum is a loan. An investment. You can cash out back into dollars whenever you like if you need to. But killing bitcoin mining as an economic model is something I hope we can all agree on needing to happen. This is a concrete way to get the job done.

Here is my referral link to coinbase. https://www.coinbase.com/join/pjensen1
Use the $10 they give you for signing up to buy ethereum. No bitcoin! Also, don't do it today. Do it when eth2.0 is released. But sign up and get ready now.

Something to understand- we need to move together on this. The eth2.0 release date needs to be a shock catalyst that transforms the narrative around bitcoin from being an interesting new asset to being something old, slow and clunky. Also, the shock needs to happen fast so that the bitcoin difficulty adjustment does not have time to adjust down for miners leaving the network. That can only happen if we flip bitcoin hard and fast. We can do it together guys.


✅ What Is Bitcoin Cash? | Complete Guide For Beginners

Bitcoin has turned into a global phenomenon. Since the prices of Bitcoin skyrocketed in 2017, the bitcoin community started to grow exponentially. Blockchain-based Bitcoin following a decentralized model and cryptographic techniques...Read more 👉🏻 https://bit.ly/2Yw000D

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Dcrypto.news launches Reliable News Portal That Offers Comprehensive Cryptocurrencies News for Traders.

Dcrypto.news platform provides the latest cryptocurrencies news., including information about Bitcoin that the prices nearly reach $9000. The platform also presents information about the latest cryptocurrencies trends from various trusted sources.

Crypto news

The coronavirus pandemic has affected most of the cryptocurrency market and traders. The current trading market is quite messed up, due to the limitation of running business normally. Many traders have worried about the condition of the digital currency market, whether Bitcoin trading will be profoundly affected by this condition or not. One of the digital currencies platforms that provides the latest Bitcoin News

is Dcrypto.news. However, the latest news from the Dcrypto.news portal seems to show a glimpse of hope, a positive sign can be found in the digital market. It even stated that Bitcoin trading would get some boost during this economic turbulence situation. Therefore, Dcrypto.news delivers cryptocurrencies contents in a detailed manner, giving an impression of a trustable reference and experience for the traders, both for advance or novice traders.

Bitcoin is a cryptocurrency pioneer. It was founded in 2009 by a person or a group named Satoshi Nakamoto. This digital asset uses blockchain technology, that means it works without a central authority, and managed by its users and peer to peer network. The bitcoin later became a virtual or digital currency, and it is being used for transactions or investments. In late-2017, this digital asset reached its peak, and the prices reached nearly $20,000 per Bitcoin. Later on, its rival emerged. Other cryptocurrencies such as Ethereum, XRP, Tether, Litecoin, and many more, began to dominate the crypto market.

Dcrypto.news exists to provide reliable resources associated with the latest Bitcoin news, as well as digital currencies market trends. According to the representative of Dcrypto.news, "We released reliable news after we did some research and comparison from many resources. We published trusted information that is useful for traders. Therefore, we guaranteed that platform news will be useful and can be relied on by all traders. However, we need to remind you that all articles and news released on our website are written for reference and informational purposes only. These articles and news aren't representing our opinion about the topic we wrote. As our mission, when we started this portal, we deliver what you can use as supplementary information."

Dcrypto.news focuses on delivering news and information associated with the cryptocurrency market. This cryptocurrency news website doesn't only provide information about Bitcoin. All kinds of information regarding this digital market are available there, including other popular cryptocurrencies, such as Ethereum, Litecoin, Ripple, and many more. Ethereum is the second popular cryptocurrency among crypto traders. Ethereum could be a digital asset alternative to invest, as the current price is affordable for investing. To get started into the digital currencies business, one can follow guides on Dcrypto.news. Besides providing information about digital currency news, the digital asset portal also provides the best crypto exchange, such as Cex.io. Cex.io is one of the trusted digital exchanges that is headquartered in London, UK. The company offers cross-platform trading, excessive liquidity, and security.

As an informational website, Dcrypto.news paid attention to digital assets knowledge. Therefore, this news portal also educates people to know more about the digital currencies market by providing guides for traders. People or beginners who want to know more about digital trading, as well as cryptocurrency, can follow the website's guides. The guides are also useful for a beginner who just entered this field. With the latest information about the cryptocurrency value on the market, this website doesn't only work as a Crypto News

resource, but also a reference to decide the asset that traders want to use.

About Dcrypto.news
Dcrypto.news is a news portal that specializes in providing information, guides, and the latest news about cryptocurrency and the digital currency market. Furthermore, this portal is designed to give the best experience for users as it provides real-time price information from the digital market. The owner of the website strives to provide useful references for cryptocurrencies trading by providing comprehensive materials of the cryptocurrencies market. For more information, please visit https://dcrypto.news.

For Media Inquiries
Dcrypto.news
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Website: https://dcrypto.news



Where will Bitcoin meet halving?

The main event of 2020 in the crypto world, halving bitcoin, is just over a week away. In the last month and a half since the collapse of the markets, the main cryptographic currency, and with it the whole market of digital assets, have fully recovered and are gaining strength for a new rise. A study by Currency.com crypto analysts shows that Bitcoin behaves quite predictably, repeating the scenario of the previous two halves, showing approximately the same dynamics, but adjusted for the global crisis and pandemic, which for a short period of time collapsed BTC.

The dynamics of bitcoin before and after halving are the same. First the bitcoin rises to a historical high, then drops by more than 80%, gradually recovers to the average of the previous peak and halving begins, after which a new peak is reached within 13-17 months. We get the scheme "Peak - Bottom - Restoration (Halving) - New Peak". By the way, this model fully corresponds to the standard economic cycle.

🔸 2011-2013

  • Peak is $32.

  • Bottom - $2

  • Restore to hawling - $12.5

  • New peak in 13 months, $1177.

🔸2013-2016

  • Peak is $1177.

  • Bottom - $163

  • Restoration for the Hawling - $665

  • New peak in 17 months, $19,800.

🔸2017-202?

  • Peak is $19,800.

  • Bottom - $3148.

  • Restoration to Hawling - $9400-10400

  • A new peak in ???? months ????

As you can see, the scenarios are almost identical and the current course is very close to the expected values. Given the growing open interest in bitcoin futures on the CME and increased activity of large investors, the price is likely to reach $9400-$10400 for the remaining days.


The Bitcoin Halving Event is Only a Few Days Away, What Should You Expect from the Market

https://bitcoinethereumnews.com/bitcoin/the-bitcoin-halving-event-is-only-a-few-days-away-what-should-you-expect-from-the-market/

[uncensored-r/Bitcoin] Extended Public Keys...

The following post by eenimeeniminymo is being replicated because the post has been silently greylisted(for 0.9 hours).

(It was approved by the mods at: 2020-05-04T09:25:28.000Z)

The original post can be found(in censored form) at this link:

np.reddit.com/r/ Bitcoin/comments/gctwnf

The original post's content was as follows:


So, in a multisig setup the extended public keys of all participants are crucial in the event that a recovery is required. Are these extended public keys sensitive i.e should they be locked away and treated with the same care as private keys or does it not matter if someone were to get a hold of them?

Many thanks


Can Bitcoin Price (BTCUSD) Extend Its Winning Streak Past 7 Weeks? (current BTC/USD price is $8,605.19)

Latest Bitcoin News:

Can Bitcoin Price (BTCUSD) Extend Its Winning Streak Past 7 Weeks?

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


KuCoin BTC/USDT Price Guess - Bitcoin Halving Event

https://twitter.com/kucoincom/status/1256374030250074112

05-04 06:25 - '**['Ethereum' | 'ETH' definition]**: / Ethereum (ETH) is the leading distributed application network, focused on making smart/programmable money / *Check out the [crypto terminology guide] for more 🤖*' by /u/Cryptionary removed from /r/Bitcoin within 472-482min

'''

*['Ethereum' | 'ETH' definition]1 *:

Ethereum (ETH) is the leading distributed application network, focused on making smart/programmable money

Check out the [crypto terminology guide]2 for more 🤖

'''

Context Link

Go1dfish undelete link

unreddit undelete link

Author: /u/Cryptionary

1: *uyh*dl*ell.c*m*termin*l*gy/e*h/
2: b*yhodlsell*com*termino***y*

Unknown links are censored to prevent spreading illicit content.



Tokenomy April Highlights

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April was yet another month full of exciting events for Tokenomy. Read on and find out what has been going on!

Highlights of The Month!

Quick and Easy ways to buy IDK!

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Now you are able to purchase IDK via bank transfer (either using ATM or m-banking)!

Click here for the list of banks you can purchase IDK through.

TokenomyX GIVEAWAY!

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In the month of April, Tokenomy gave away TokenomyX trading vouchers worth 2,000,000 rupiahs to 5 lucky winners!

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Webinar TokenomyX: Easy Way to Read Market Trend to Place Long and Short

Not sure how to read the market trend? When should you place a Long or Short position? Learn more by tuning in to TokenomyX’s Webinar in the video below.

Interested to pick up other trading techniques? Join the next TokenomyX Webinar! Register an account now at https://TokenomyX.com.

https://youtu.be/A9dCp-kpBSc

Tokenomy Academy Videos

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Episode 18: Stay Healthy and Productive During WFH (Work From Home)  —  No more worries about Coronavirus! Here are some tips for you to stay healthy and productive during this period of Work From Home.

https://youtu.be/CuS7q3Ca2r8

Episode 19: Bitcoin Halving Day What We Can Expect — Bitcoin Halving Day is coming. What will happen to the market?

Stay tuned to our social media for the latest updates!

Sincerely,Tokenomy Team

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