Tuesday, May 5, 2020

What Does Bitcoin Halving Mean?

https://preview.redd.it/tikiw6el13x41.png?width=839&format=png&auto=webp&s=56585c41ca4565ce604a9e8a9b09e0da1e0dc1d1

Bitcoin halving is happening in about a week! As we get closer to one of the most awaited technical events in the crypto space this year - bitcoin halving - Our COO, Eric Anziani, is excited to share some thoughts on what it means for bitcoin and the industry.

Read the blog here: https://blog.crypto.com/what-does-bitcoin-halving-mean/


Bitcoin Daily: TokenAnalyst Shuts Down; Crypto Lender BlockFi Hires Traditional Finance Execs ... (current BTC/USD price is $9,024.15)

Latest Bitcoin News:

Bitcoin Daily: TokenAnalyst Shuts Down; Crypto Lender BlockFi Hires Traditional Finance Execs ...

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.


[Daily Discussion] Wednesday, May 06, 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] Wednesday, May 06, 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:


John McAfee Thinks Hes Solved Bitcoins Greatest MysteryĆ¢€”Who Is Satoshi Nakamoto? (current BTC/USD price is $8,968.65)

Latest Bitcoin News:

John McAfee Thinks Hes Solved Bitcoins Greatest MysteryĆ¢€”Who Is Satoshi Nakamoto?

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.


For Trading May 6th

Oil +20% Again

Rally Fades by Half

Today’s market got off to a strong start yet again but at the end of the day we had two down waves starting around 2:45 that cut gains by about 2/3. Market internals were a bit on the soft side with NYSE A/D only 4:3 and NASDAQ 17:15. Volume was lighter than the past few days and the DJIA had 21 up and 9 down. The biggest losers were BA -41 and MCD -18 DPs while the gainers were UNH +37, AAPL +30 and HD +26 DPs. All these names were higher before the last hour with AAPL trading $301 but finishing $297.80. The news of the day on the economy was not great. ISM Non-manufacturing Index for Aprildropped to 41.8from 52.5 in March. 50% is the breakpoint for expansion/contraction. The trade balance showed a widening in the deficit to $44.4 billion from $39.8 in February. Exports were down $20 billion. Tomorrow we have the ADP Employment change report for April and weekly MBA Mortgage applications.

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://drive.google.com/file/d/1RxpgADmtffzTPWRgeZ_UrfL4LszWvZR1/view?usp=sharing

SECTORS: Earnings played a part in today’s market. NEM was a strong report and the stock, already up from $58 on Friday finished the day $64.91 +2.17 (3.46%), DIS was the big loser with volumes down due to closed parks and no production taking place at the studios. Streaming is strong, but a big piece is being done at reduced rates or even for free. At the close the stock was $101.06 -2.12 but after a small rally, the conference call started and after the company disclosed it is suspending its dividend for the first half it slid to 99.25. BYND reported good sales growth and the recent closures of several major meat processing plants has been buoying prices. The stock has rallied off an April low of $57 and closed today $100.16 +5.00 and is currently trading $105 + $5 more.

Two companies in the same business, EA and ATVI went in opposite directions. EA was a miss and after closing $119.61 +2.78 it fell t0 112.12 and is currently 113.98 – 5.62. Activision (ATVI) beat handily and it had closed 68.53 +1.83 and is now $72.40 + 3.87 more. Pinterest (PINS) had risen from a low of $10.10 last month to close $20.81 -.62 but missed on several metrics and has traded down to $16.70 and is $17.15 – 3.66. Also, on the bad news side, UAL finished $24.12 -1.14 (4.5%) and Norwegian Cruise (NCLH) warned about it continuing as a “going concern.” The stock is down from $60 and finished the day $11.18 -3.26 (22.58%).

FOOD SUPPLY: was HIGHER with TSN +1.57, BGS +.77, FLO +.11, CAG -.03, MDLZ +.19, KHC +.02, CALM -.39, JJSF +2.66, SAFM +1.97, and LANC +7.67 (5.68%).

BIOPHARMA: was HIGHER with BIIB +9.46, ABBV +4.14, REGN +32.55 (6.01%), ISRG +15.01, GILD -1.54, MYL +.05, TEVA +.31, VRTX +7.81, BHC +.10, INCY -2.17, ICPT +1.71, LABU +2.58 and IBB $127.00 +2.45 (1.97%).

CANNABIS: This group was LOWER with TLRY -.27, CGC +.10, CRON -.08, GWPH +.72, ACB -.012, PYX -.74, NBEV -.02, CURLF +.06, KERN -.01 and MJ $11.90 -.05 (.42%).

DEFENSE: was HIGHER with LMT +10.14, RTX +.15, GD +1.72, TXT -.34, NOC +6.18, BWXT +3.09 (6.05%), TDY +1.22 and ITA $147.45 +.01.

RETAIL was MIXED with M -.06, JWN -.52, KSS -.27, DDS -1.31 (4.8%), JCP -.0145, WMT +1.04, TGT +.14, TJX +.14, RL +.45, UAA -.31, LULU -.48, TPR unch., CPRI -.07, and XRT $36.16 +.31 (.86%).

FAANG and Big Cap: were HIGHER with GOOGL +36.89, AMZN +7.98, AAPL +5.54, FB +2.39, NFLX -1.65, NVDA +3.94, TSLA +12.31, BABA +4.50, BIDU +.84, CMG -5.75, CAT +1.96, BA -4.96, DIS (see above), and XLK $91.45 +1.37 (1.52%).

FINANCIALS were MIXED with GS +2.97, JPM +.01, BAC -.19, MS -.02, C -1.15, PNC -1.61, AIG +.73, TRV -.06, AXP +.62, V +2.29, and XLF $21.79 -.07 (.32%).

OIL, $24.56 +4.17. Oil was higher overnight and the rally continued on all day. The stocks were mixed with only the big names moving higher. XLE closed $37.52 +.43 (1.16%).

METALS, GOLD: $1,710.60 -2.70. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We were stopped out of our position in the 5/15 165 calls and I replaced them with the $163 strike. We are also long NEM.

BITCOIN: closed $8985 +50. 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 $10.02 + .05 today.

Tomorrow is another day.

CAM



For Trading May 6th

Oil +20% Again

Rally Fades by Half

Today’s market got off to a strong start yet again but at the end of the day we had two down waves starting around 2:45 that cut gains by about 2/3. Market internals were a bit on the soft side with NYSE A/D only 4:3 and NASDAQ 17:15. Volume was lighter than the past few days and the DJIA had 21 up and 9 down. The biggest losers were BA -41 and MCD -18 DPs while the gainers were UNH +37, AAPL +30 and HD +26 DPs. All these names were higher before the last hour with AAPL trading $301 but finishing $297.80. The news of the day on the economy was not great. ISM Non-manufacturing Index for Aprildropped to 41.8from 52.5 in March. 50% is the breakpoint for expansion/contraction. The trade balance showed a widening in the deficit to $44.4 billion from $39.8 in February. Exports were down $20 billion. Tomorrow we have the ADP Employment change report for April and weekly MBA Mortgage applications.

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://drive.google.com/file/d/1RxpgADmtffzTPWRgeZ_UrfL4LszWvZR1/view?usp=sharing

SECTORS: Earnings played a part in today’s market. NEM was a strong report and the stock, already up from $58 on Friday finished the day $64.91 +2.17 (3.46%), DIS was the big loser with volumes down due to closed parks and no production taking place at the studios. Streaming is strong, but a big piece is being done at reduced rates or even for free. At the close the stock was $101.06 -2.12 but after a small rally, the conference call started and after the company disclosed it is suspending its dividend for the first half it slid to 99.25. BYND reported good sales growth and the recent closures of several major meat processing plants has been buoying prices. The stock has rallied off an April low of $57 and closed today $100.16 +5.00 and is currently trading $105 + $5 more.

Two companies in the same business, EA and ATVI went in opposite directions. EA was a miss and after closing $119.61 +2.78 it fell t0 112.12 and is currently 113.98 – 5.62. Activision (ATVI) beat handily and it had closed 68.53 +1.83 and is now $72.40 + 3.87 more. Pinterest (PINS) had risen from a low of $10.10 last month to close $20.81 -.62 but missed on several metrics and has traded down to $16.70 and is $17.15 – 3.66. Also, on the bad news side, UAL finished $24.12 -1.14 (4.5%) and Norwegian Cruise (NCLH) warned about it continuing as a “going concern.” The stock is down from $60 and finished the day $11.18 -3.26 (22.58%).

FOOD SUPPLY: was HIGHER with TSN +1.57, BGS +.77, FLO +.11, CAG -.03, MDLZ +.19, KHC +.02, CALM -.39, JJSF +2.66, SAFM +1.97, and LANC +7.67 (5.68%).

BIOPHARMA: was HIGHER with BIIB +9.46, ABBV +4.14, REGN +32.55 (6.01%), ISRG +15.01, GILD -1.54, MYL +.05, TEVA +.31, VRTX +7.81, BHC +.10, INCY -2.17, ICPT +1.71, LABU +2.58 and IBB $127.00 +2.45 (1.97%).

CANNABIS: This group was LOWER with TLRY -.27, CGC +.10, CRON -.08, GWPH +.72, ACB -.012, PYX -.74, NBEV -.02, CURLF +.06, KERN -.01 and MJ $11.90 -.05 (.42%).

DEFENSE: was HIGHER with LMT +10.14, RTX +.15, GD +1.72, TXT -.34, NOC +6.18, BWXT +3.09 (6.05%), TDY +1.22 and ITA $147.45 +.01.

RETAIL was MIXED with M -.06, JWN -.52, KSS -.27, DDS -1.31 (4.8%), JCP -.0145, WMT +1.04, TGT +.14, TJX +.14, RL +.45, UAA -.31, LULU -.48, TPR unch., CPRI -.07, and XRT $36.16 +.31 (.86%).

FAANG and Big Cap: were HIGHER with GOOGL +36.89, AMZN +7.98, AAPL +5.54, FB +2.39, NFLX -1.65, NVDA +3.94, TSLA +12.31, BABA +4.50, BIDU +.84, CMG -5.75, CAT +1.96, BA -4.96, DIS (see above), and XLK $91.45 +1.37 (1.52%).

FINANCIALS were MIXED with GS +2.97, JPM +.01, BAC -.19, MS -.02, C -1.15, PNC -1.61, AIG +.73, TRV -.06, AXP +.62, V +2.29, and XLF $21.79 -.07 (.32%).

OIL, $24.56 +4.17. Oil was higher overnight and the rally continued on all day. The stocks were mixed with only the big names moving higher. XLE closed $37.52 +.43 (1.16%).

METALS, GOLD: $1,710.60 -2.70. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We were stopped out of our position in the 5/15 165 calls and I replaced them with the $163 strike. We are also long NEM.

BITCOIN: closed $8985 +50. 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 $10.02 + .05 today.

Tomorrow is another day.

CAM



For Trading May 6th

For Trading MAY 6th

Oil +20% Again

Rally Fades by Half

Today’s market got off to a strong start yet again but at the end of the day we had two down waves starting around 2:45 that cut gains by about 2/3. Market internals were a bit on the soft side with NYSE A/D only 4:3 and NASDAQ 17:15. Volume was lighter than the past few days and the DJIA had 21 up and 9 down. The biggest losers were BA -41 and MCD -18 DPs while the gainers were UNH +37, AAPL +30 and HD +26 DPs. All these names were higher before the last hour with AAPL trading $301 but finishing $297.80. The news of the day on the economy was not great. ISM Non-manufacturing Index for Aprildropped to 41.8from 52.5 in March. 50% is the breakpoint for expansion/contraction. The trade balance showed a widening in the deficit to $44.4 billion from $39.8 in February. Exports were down $20 billion. Tomorrow we have the ADP Employment change report for April and weekly MBA Mortgage applications.

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://drive.google.com/file/d/1RxpgADmtffzTPWRgeZ_UrfL4LszWvZR1/view?usp=sharing

SECTORS: Earnings played a part in today’s market. NEM was a strong report and the stock, already up from $58 on Friday finished the day $64.91 +2.17 (3.46%), DIS was the big loser with volumes down due to closed parks and no production taking place at the studios. Streaming is strong, but a big piece is being done at reduced rates or even for free. At the close the stock was $101.06 -2.12 but after a small rally, the conference call started and after the company disclosed it is suspending its dividend for the first half it slid to 99.25. BYND reported good sales growth and the recent closures of several major meat processing plants has been buoying prices. The stock has rallied off an April low of $57 and closed today $100.16 +5.00 and is currently trading $105 + $5 more.

Two companies in the same business, EA and ATVI went in opposite directions. EA was a miss and after closing $119.61 +2.78 it fell t0 112.12 and is currently 113.98 – 5.62. Activision (ATVI) beat handily and it had closed 68.53 +1.83 and is now $72.40 + 3.87 more. Pinterest (PINS) had risen from a low of $10.10 last month to close $20.81 -.62 but missed on several metrics and has traded down to $16.70 and is $17.15 – 3.66. Also, on the bad news side, UAL finished $24.12 -1.14 (4.5%) and Norwegian Cruise (NCLH) warned about it continuing as a “going concern.” The stock is down from $60 and finished the day $11.18 -3.26 (22.58%).

FOOD SUPPLY: was HIGHER with TSN +1.57, BGS +.77, FLO +.11, CAG -.03, MDLZ +.19, KHC +.02, CALM -.39, JJSF +2.66, SAFM +1.97, and LANC +7.67 (5.68%).

BIOPHARMA: was HIGHER with BIIB +9.46, ABBV +4.14, REGN +32.55 (6.01%), ISRG +15.01, GILD -1.54, MYL +.05, TEVA +.31, VRTX +7.81, BHC +.10, INCY -2.17, ICPT +1.71, LABU +2.58 and IBB $127.00 +2.45 (1.97%).

CANNABIS: This group was LOWER with TLRY -.27, CGC +.10, CRON -.08, GWPH +.72, ACB -.012, PYX -.74, NBEV -.02, CURLF +.06, KERN -.01 and MJ $11.90 -.05 (.42%).

DEFENSE: was HIGHER with LMT +10.14, RTX +.15, GD +1.72, TXT -.34, NOC +6.18, BWXT +3.09 (6.05%), TDY +1.22 and ITA $147.45 +.01.

RETAIL was MIXED with M -.06, JWN -.52, KSS -.27, DDS -1.31 (4.8%), JCP -.0145, WMT +1.04, TGT +.14, TJX +.14, RL +.45, UAA -.31, LULU -.48, TPR unch., CPRI -.07, and XRT $36.16 +.31 (.86%).

FAANG and Big Cap: were HIGHER with GOOGL +36.89, AMZN +7.98, AAPL +5.54, FB +2.39, NFLX -1.65, NVDA +3.94, TSLA +12.31, BABA +4.50, BIDU +.84, CMG -5.75, CAT +1.96, BA -4.96, DIS (see above), and XLK $91.45 +1.37 (1.52%).

FINANCIALS were MIXED with GS +2.97, JPM +.01, BAC -.19, MS -.02, C -1.15, PNC -1.61, AIG +.73, TRV -.06, AXP +.62, V +2.29, and XLF $21.79 -.07 (.32%).

OIL, $24.56 +4.17. Oil was higher overnight and the rally continued on all day. The stocks were mixed with only the big names moving higher. XLE closed $37.52 +.43 (1.16%).

METALS, GOLD: $1,710.60 -2.70. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We were stopped out of our position in the 5/15 165 calls and I replaced them with the $163 strike. We are also long NEM.

BITCOIN: closed $8985 +50. 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 $10.02 + .05 today.

Tomorrow is another day.

CAM



For Trading May 6th

Oil +20% Again

Rally Fades by Half

Today’s market got off to a strong start yet again but at the end of the day we had two down waves starting around 2:45 that cut gains by about 2/3. Market internals were a bit on the soft side with NYSE A/D only 4:3 and NASDAQ 17:15. Volume was lighter than the past few days and the DJIA had 21 up and 9 down. The biggest losers were BA -41 and MCD -18 DPs while the gainers were UNH +37, AAPL +30 and HD +26 DPs. All these names were higher before the last hour with AAPL trading $301 but finishing $297.80. The news of the day on the economy was not great. ISM Non-manufacturing Index for Aprildropped to 41.8from 52.5 in March. 50% is the breakpoint for expansion/contraction. The trade balance showed a widening in the deficit to $44.4 billion from $39.8 in February. Exports were down $20 billion. Tomorrow we have the ADP Employment change report for April and weekly MBA Mortgage applications.

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://drive.google.com/file/d/1RxpgADmtffzTPWRgeZ_UrfL4LszWvZR1/view?usp=sharing

SECTORS: Earnings played a part in today’s market. NEM was a strong report and the stock, already up from $58 on Friday finished the day $64.91 +2.17 (3.46%), DIS was the big loser with volumes down due to closed parks and no production taking place at the studios. Streaming is strong, but a big piece is being done at reduced rates or even for free. At the close the stock was $101.06 -2.12 but after a small rally, the conference call started and after the company disclosed it is suspending its dividend for the first half it slid to 99.25. BYND reported good sales growth and the recent closures of several major meat processing plants has been buoying prices. The stock has rallied off an April low of $57 and closed today $100.16 +5.00 and is currently trading $105 + $5 more.

Two companies in the same business, EA and ATVI went in opposite directions. EA was a miss and after closing $119.61 +2.78 it fell t0 112.12 and is currently 113.98 – 5.62. Activision (ATVI) beat handily and it had closed 68.53 +1.83 and is now $72.40 + 3.87 more. Pinterest (PINS) had risen from a low of $10.10 last month to close $20.81 -.62 but missed on several metrics and has traded down to $16.70 and is $17.15 – 3.66. Also, on the bad news side, UAL finished $24.12 -1.14 (4.5%) and Norwegian Cruise (NCLH) warned about it continuing as a “going concern.” The stock is down from $60 and finished the day $11.18 -3.26 (22.58%).

FOOD SUPPLY: was HIGHER with TSN +1.57, BGS +.77, FLO +.11, CAG -.03, MDLZ +.19, KHC +.02, CALM -.39, JJSF +2.66, SAFM +1.97, and LANC +7.67 (5.68%).

BIOPHARMA: was HIGHER with BIIB +9.46, ABBV +4.14, REGN +32.55 (6.01%), ISRG +15.01, GILD -1.54, MYL +.05, TEVA +.31, VRTX +7.81, BHC +.10, INCY -2.17, ICPT +1.71, LABU +2.58 and IBB $127.00 +2.45 (1.97%).

CANNABIS: This group was LOWER with TLRY -.27, CGC +.10, CRON -.08, GWPH +.72, ACB -.012, PYX -.74, NBEV -.02, CURLF +.06, KERN -.01 and MJ $11.90 -.05 (.42%).

DEFENSE: was HIGHER with LMT +10.14, RTX +.15, GD +1.72, TXT -.34, NOC +6.18, BWXT +3.09 (6.05%), TDY +1.22 and ITA $147.45 +.01.

RETAIL was MIXED with M -.06, JWN -.52, KSS -.27, DDS -1.31 (4.8%), JCP -.0145, WMT +1.04, TGT +.14, TJX +.14, RL +.45, UAA -.31, LULU -.48, TPR unch., CPRI -.07, and XRT $36.16 +.31 (.86%).

FAANG and Big Cap: were HIGHER with GOOGL +36.89, AMZN +7.98, AAPL +5.54, FB +2.39, NFLX -1.65, NVDA +3.94, TSLA +12.31, BABA +4.50, BIDU +.84, CMG -5.75, CAT +1.96, BA -4.96, DIS (see above), and XLK $91.45 +1.37 (1.52%).

FINANCIALS were MIXED with GS +2.97, JPM +.01, BAC -.19, MS -.02, C -1.15, PNC -1.61, AIG +.73, TRV -.06, AXP +.62, V +2.29, and XLF $21.79 -.07 (.32%).

OIL, $24.56 +4.17. Oil was higher overnight and the rally continued on all day. The stocks were mixed with only the big names moving higher. XLE closed $37.52 +.43 (1.16%).

METALS, GOLD: $1,710.60 -2.70. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We were stopped out of our position in the 5/15 165 calls and I replaced them with the $163 strike. We are also long NEM.

BITCOIN: closed $8985 +50. 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 $10.02 + .05 today.

Tomorrow is another day.

CAM



I just came into more money than I ever Imagined I would Have - Investing?

I was approached by a few people since getting this money about investing, and a few people mentioned bitcoin? What is a good beginner's guide to what to invest, how to invest, and stuff?



Bitcoin Stays Above $8,800 As The U.S. Government Considers New $3 Trillion Debt

The Total Amount Of US Government Debt Will Equal $25 Trillion US Dollars

The world’s leading cryptocurrency, Bitcoin, managed to recover from the downtrend over the past weekend and stayed above the $9,000 psychological barrier, before correcting to $8,832.56, as of press time.

Despite its weekly closing correction, which pushed down Bitcoin’s price in the $8,500 region, the leader in the crypto sector rebounded and found strong support in the $8,700-$8,850 regions. The support was followed with a short consolidation period, despite the trading turbulence Š¾n global level as of 4th May.

Source: Coin360 \"Hourly crypto market price chart\"

Bitcoin’s safe haven behavior continues, as the U.S. Treasury announced that the institution is going to borrow up to $3 trillion in Q2 of 2020 to subsidize the economy due to the recent COVID-19 virus outbreak. The new debt would result in a total of $24.9 trillion in the red. The US debt has increased with $1.5 trillion since 1st of March.

Also, the Federal Emergency Management Agency published a forecast model showing 200,000 new infected cases every day until 1st June, with an estimated daily death toll of 3,000 deceased, as States re-open.

Another pressure point for the U.S. economy is that more than 30 million Americans remained without jobs and filed for unemployment.

The pressure resulted in drops in the major US indices, which this time did not correlate into the world of cryptocurrencies, as it happened with the “Black Thursday” event on March 12. Bitcoin bulls set their target to $9,500, as trading volumes suggest clear skies above.

However, technical analysis shows strong resistance at $9,000, as Bitcoin struggled to keep its ground above the 20-day moving average. Bitcoin was rejected three times at $8,950 with Bitcoin bulls anticipating moves above $8,970, which would clear their way up.

Other indicators, such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) hint bullish market, as the RSI jumped from 47 to 60.

In the last hours on 5th May, Bitcoin slipped below $9,000 in seems to be a straight freefall form the high of $9,047.53, according to data from CoinMarketCap.

Š¢he main force of recent bullish activities, according to traders, can be attributed to the upcoming third BTC halving, scheduled for next Monday, 11th May. As the price per mined Bitcoin decreases, so does inflation, and experts consider the halving procedure as a clear indicator for a price pump. However, some market analysts fear that the halving would affect prices negatively in the short-term, especially with the ongoing economic uncertainty worldwide.


BETFURY 2.0 EVENT for 5.5555 BTC. Let’s play big with Bitcoin!

https://preview.redd.it/5581u6rhjxw41.png?width=1400&format=png&auto=webp&s=a2554889e49bb8ccac1f1f4827c39c87bde70b26

BetFury is gaining momentum, we have worked hard all this time to get to this point. We’ve all been waiting for this big update. Soon you will see a new BetFury with an updated design, improved UI/UX, BTC dividend pool, a new login system and a secret project. BetFury 2.0 will surprise you with cool features, which haven’t been seen by the world of i-Gaming before. Do not miss the chance to get Bitcoins for pre-registration!

BETFURY 2.0 EVENT for 5.5555 BTC (≈$50 000)

We start a GRAND EVENT in the amount of 5.5555 BTC, which is a kind of preparation before the big BetFury 2.0 update. Pre-registration is an important part of the platform's future, which opens the curtain of the upcoming event. You’ll feel it’s mood and enjoy some of the goodies to enter the updated platform with even greater interest. And the main thing — there will be a lot of chances to increase the amount of Bitcoins!
In every part of the pre-registration event you’ll have the ability to win Bitcoins!

Free Bitcoins for registration! Prize pool — 2 BTC (≈$18 000)

https://preview.redd.it/ev3l6a5ljxw41.png?width=859&format=png&auto=webp&s=f491a416bf758184fa3cce735cd1f22fd697db2f

First of all you need to pass the pre-registration. It’s an important point, which allows to participate in the whole event. Moreover, everyone who passes it will receive bonus — 0.02 mBTC on the game balance!šŸŽ Can you imagine? Just for registration! Total reserve 2 BTC. The distribution of bonuses will be until the prize pool is empty.

How to do it? To register you need to enter your email and come up with a password. Then confirm your email. As simple as that!

❗️Reward will be available after the launch to the BetFury 2.0 platform. Bots and temporary accounts cannot participate in the event and will be screened out before the rewards distribution.

At this stage, the gifts are just beginning!

Take a part in event šŸ‘‰https://betfury.io/bf2_event

Giveaway for 0.5555 BTC (≈$5 000)

https://preview.redd.it/qjt8utsqjxw41.png?width=859&format=png&auto=webp&s=c3688c16e60918b2935c329705146abb88e10eec

Once you sign up, you automatically become a participant of the Giveaway. We prepared 0.5555 BTC for the first 300 lucky users. Each will receive 0.002 BTC!

300 places will be chosen randomly. Do you want to be one of them? Go through a simple registration and automatically enter the giveaway!

Track your reward in the “Watch rating” desk. If you did not find yourself on the list, contact the official telegram chat for support.

❗️Important: distribution of prizes will be right after the platform update. Bots and temporary accounts cannot participate in the BetFury 2.0 event and will be screened out before the rewards distribution.

Take a part in event šŸ‘‰https://betfury.io/bf2_event

Referral competition for 2.5 BTC (≈$22 000)

https://preview.redd.it/o5r2k0monxw41.png?width=859&format=png&auto=webp&s=02d89bbef00cf222c537f0cd1fb6d6b95cc6c702

Become one of the 100 lucky people who will share the pool in amount of 2.5 BTC. Gather a big team of referrals, invited by your link. Tell them about BetFury, your favorite games, beloved features. You can share the link together with an overview of the platform to make them more interested.

You can get your personal link on the landing page of the event. Also it will automatically be pinned to your sharing post on Twitter. Moreover, there is a special button in a Betfury 2.0 bot for getting your personal link.

The percentage of winnings in the Competition depends on the number of invited friends. More friends — higher rewards!

Track your place on the “Watch rating” desk.

❗️Important: profit distribution will be determined in 2 weeks after the platform update, by the activity of the invited accounts (to avoid bots). Bots and temporary accounts cannot participate in the BetFury 2.0 event and will be screened out before the rewards distribution.

If you did not find yourself in the list, contact the official telegram chat for support.

Take a part in event šŸ‘‰https://betfury.io/bf2_event

Twitter Campaign for 0.2 BTC (≈$1 700)

https://preview.redd.it/eelhv8c0oxw41.png?width=859&format=png&auto=webp&s=d446150fa65fa1dae21a3eca23e53137477472bb

Here you have to be a real chatterbox. Tell about this event everyone on Twitter. Let your friend know about it and take part in the draw.

Every 3 days 50 lucky winners receive 0.4 mBTC (0,0004BTC).

Take a part in event šŸ‘‰ https://twitter.com/betfury\_io/status/1257349389976289292

How to do everything correctly?

  1. Firstly Sign Up on the platform. You need to enter your email, come up with a password. Confirm your email.

If you already have the BetFury account and you want connect it with your Betfury 2.0 account you have to connect your Tron wallet to participate in the event. Press the “I have BetFury account” button while registration. In the next window you should enter your email and confirm it. Thus your email will be linked to your account with Tron wallet you are using now on BetFury.

  1. After the confirmation a new landing page appears with your unique code. Copy your unique code.

  2. Join the BetFury chat on Telegram. Copy your unique code and paste it into the chat: https://t.me/Betfury

Also don’t forget to join the BetFury Official Chanel https://t.me/betfuryofficialchannel

  1. Join the bot to know about the BetFury 2.0 event to find there all conditions, important points and track your rating.

What awaits you at BetFury 2.0

Bitcoin dividend pool

https://preview.redd.it/egzxr0hdoxw41.png?width=859&format=png&auto=webp&s=4791dc65fc259206c5c6e4edd297e4f87b309b1d

The first BTC dividend pool in the i-gaming market is going to be released on BetFury. This is an explosive update that will open up many new opportunities.

New login form

https://preview.redd.it/nc5j5gogoxw41.png?width=859&format=png&auto=webp&s=a2f2e3b1e99806050e960615fb140322835429fe

No binding to your wallet or browser! Now everything will be simple — sign up for BetFury using a simplified login system and play for fun. Do not forget about the opportunity to get BTC for pre-registration of an account on BetFury 2.0.

New design

https://preview.redd.it/e423o9oooxw41.png?width=859&format=png&auto=webp&s=55139347b77eb5303e341c957c8af4461233c3ae

The updated platform should not only make you happy with the new profitable opportunities, but also with an updated design. Meet the new logo, improved UI / UX, intuitive platform interface. Everything for a comfortable pastime of our users!

Secret Project

https://preview.redd.it/sunymsquoxw41.png?width=859&format=png&auto=webp&s=01b08ae6b653829af6d3e437ed7f1e3890f11c60

With the platform update, we are preparing an incredibly cool product that the i-Gaming space has not yet seen! Do not miss the opportunity to get more only on BetFury 2.0!

Hope, you’ll like the event and gather a lot of Bitcoins to use them on the updated BetFury 2.0. We’re looking forward to new users, comments, retweets. Enjoy the pre-registration!

Take a part in event šŸ‘‰https://betfury.io/bf2_event

BetFury will notify players of any significant changes to existing terms and conditions of the event before entering into force. BetFury may, at its sole discretion, make minor changes to these terms, the promotion itself or the players’ right to participate in this promotion for any reason, without prior notice to the players.

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Link to the Website: https://betfury.io
Link to the Telegram: http://t.me/betfury
Link to the Twitter: https://twitter.com/betfury_io
Link to the Telegram Channel: https://t.me/betfuryofficialchannel
Link to the Medium: https://medium.com/betfury-io
Link to Facebook: https://www.facebook.com/BetFury.io/
Link to Instagram: https://www.instagram.com/betfury.io/
Link to Steemit: https://steemit.com/@betfury-steem
Link to Reddit: https://www.reddit.com/user/BetFury_io


Forget bitcoin halving event; Is Tether the key reason behind BTC's resurgence?

https://bitcoinethereumnews.com/bitcoin/forget-bitcoin-halving-event-is-tether-the-key-reason-behind-btcs-resurgence/

Bitcoin History Part 1: The early daysĆ¢€”Satoshi, no limits, 184B Bitcoins and on-chain poker game (current BTC/USD price is $8,883.46)

Latest Bitcoin News:

Bitcoin History Part 1: The early daysĆ¢€”Satoshi, no limits, 184B Bitcoins and on-chain poker game

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.


[uncensored-r/BitcoinMarkets] [Daily Discussion] Tuesday, May 05, 2020

The following post by AutoModerator is being replicated because some comments within the post(but not the post itself) have been silently removed.

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

np.reddit.com/r/ BitcoinMarkets/comments/gdqt1b

The original post's content was as follows:


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:


Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving (current BTC/USD price is $9,023.07)

Latest Bitcoin News:

Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving

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.


The Latest Trends In Technology

The world has turned all digital with the latest innovations and trends. Technology is evolving rapidly every day. Staying abreast of the latest technology is the need of the hour. The savvy IT professionals are in a rush to emerge soaring high in the know-how of new vogue. Vaagdevi Engineering College is the engineering college with the best placements that are concerned hugely about these cutting-edge technologies.

Some of the latest trends in the market are as follow:

Artificial Intelligence: Artificial Intelligence(AI) is an element of the computer science domain that demonstrates the cleverly simulated ability of a machine depicting the human thought process and conventional response patterns.

The responses and attributions delivered by the machines with AI induced in them are directly proportional to that of a human requiring less or no interference by man.

Machine Learning: Machine learning helps computers to switch to a self-improving mode by learning. It can guide better decisions and equally smart actions in real-time through predictions and algorithms, clearly without human interventions.

From Netflix, Amazon to Google’s Alexa and self-driving cars, all are nothing but the machine learning inventions which by and large constitute our everyday rush to better living.

Robotics: There are apparently very few fields that incorporate creativity, fun, and knowledge, all in one. Robotics is something you can count on, at this.

Robots are man-made machines that can execute the jobs that a man can’t possibly complete or rather prefer not to perform as it might be hazardous. The study and mechanism of robots are Robotics.

IoT: Internet of things(IoT) is the network connectivity between everyday used things, allowing them to communicate and exchange data. This smart exchange is meant to initiate with the devices themselves such as electronic appliances, smartphones, etc which securely communicate with an IoT platform.

Virtual Reality and Augmented reality: Virtual Reality and Augmented Reality are the most talked off technologies more visibly appearing in the entertainment world, as of now. VR devices like Oculus Rift, Valve Index, Sony PlayStation VR, etc and AR devices like Hololens by Microsoft, Google glass enterprise edition, etc are the wonders so far.

Blockchain: Surely Bitcoin and cryptocurrency were the first few widely used blockchain technologies, but they are definitely not the only few today. Blockchain is innovating almost every field. Blockchain helps in implementing increased transparency, streamline internal operations, digital payments, disrupt competitors, etc.

The top B Tech colleges like Vaagdevi in Warangal, work towards delivering the best of the latest technology trends to the young techies.

#BestEngineeringCollegesinWarangal

BestEnggCollegesinWarangal