The project is very promising, interesting and necessary for society. The company should bring enough benefits to the world. I want to be a part of this event, I would like more people to know and join it.
Thursday, December 16, 2021
The value of Bitcoin will continue to increase because the value of fiat currencies will continue to decline
Inflation is nothing new. On the one hand we have Bitcoin with limited supply and everything in between, you already know that. On the other hand we have fiat currencies, with potentially unlimited supply and you already know that too. Unless there is a catastrophe or an event that wipes Bitcoin out of the heads of all investors, the growth of its value against fiat is inevitable.
The purchasing power of major fiat currencies decreases over time and is part of their nature, nothing unexpected; this brings us to Bitcoin. Its rapid increase in value has generated significant gains for those who bought at the right time but the more its growth rate decreases the more the actual gain is reduced, for the simple fact that you can sell it for a greater amount of fiat which in the meantime has lost purchasing power.
In short: perhaps the point is not whether or when Bitcoin will hit the millions of dollars per coin but what those millions of dollars will be able to buy when that milestone is reached.
Will some altcoin be able to overtake Bitcoin in capitalization? who can it be?
At the moment, bitcoin runks first in capitalization. But I wonder for how long? After all, its capitalization is only 2 times higher than the capitalization of Etherium. Yes, you heard right, and perhaps in a short time he will get ahead and take the first place. But I wonder who will be a next competitor to bitcoin? Which altcoin will take the lead? I think that this is, of course, a token of promising blockchains, and with a possible altseason, a huge amount of funds can flow into it. And such tokens as NEAR SOLANA MATIC AVAX can really surprise us against the backdrop of good events. And get ahead, leaving the main cryptocurrency behind after all, progress does not stand still, everything changes and improves, new leaders come to the market, and investors have new preferences. And this is not me talking, it are talking history ...
Posts that predict the future and end in "Here's why." are clickbait moonfarming posts. Here's why.
Because no one knows shit about fuck. If someone had legitimate insider trading info, they won't be sharing it here on reddit. The market does whatever it wants and sometimes behaves irrationally.
Bitcoin will be 100k end of year? Yeah, here's a pandemic.
Fed announces they will begin curbing inflation, which should incentivize people to take a little bit away from their assets, but NOPE. All markets green today.
Big partnership announced with a particular project? Not even a blip in price action. Celebrity endorses a coin? 20% spike.
OMG coin is still around? Like, why?
So here's my advice - DCA and hold in projects you believe in, and don't sell until you need the money for something. Keep a small stash of fiat in the event of another black swan event so you can buy buy buy. Please join me in downvoting all posts that end with "Here's why" including this one.
Here's Your Daily Market Brief For December 16th
📰 Top News
S&P Futures: +0.61%; DOW Futures: +0.58%; Nasdaq Futures: +0.50%
US stock futures traded higher Thursday morning as investors digested news that the Federal Reserve would be aggressive on tapering and rate hikes in 2022.
Powell dials back money printer - Federal Reserve Chairman Jerome Powell announced that the run of ultra-easy monetary policy since the beginning of the pandemic is coming to a close. Note: Powell said the Fed would accelerate its tapering program and likely raise rates 3 times in 2022.
US passes massive defense spending bill - The US Senate has passed a $777 billion defense spending bill, with the final stages being a signature from President Joe Biden. Note: Most of the funds will go to the Pentagon with the remainder going to the Department of Energy
IRS wants a piece of crypto gains - The IRS has instituted a new reporting requirement requiring investors to report taxable transaction involving Bitcoin, Ethereum and Dogecoin among other cryptocurrencies. Note: The move comes as the White House and legislators attempt to crack down on tax cheats.
🎯 Price Target Updates
RBC downgrades AirBnB. ABNB downgraded to SECTOR PERFORM from OUTPERFORM - $175 (from $195)
Evercore ISI upgrades Shopify. SHOP upgraded to OUTPERFORM from IN LINE - $1,770
Morgan Stanley upgrades AT&T. T upgraded to OVERWEIGHT from EQUALWEIGHT - $28 (from $32)
📻 In Other News
That's not turbulence, that's 5G. - A group of aviation experts is warning that 5G cell networks set to go live soon may interfere with a critical piece of technology used by pilots. Note: AT&T and Verizon say that 5G has already rolled out in many countries without affecting aviation but will minimize energy at sites near airports.
It's a free market! - US House Speaker Nancy Pelosi scoffed at the idea of banning lawmakers and their spouses owning stocks in individual companies, saying they should be allowed to participate in the free market economy. Note: Stock purchases by some senators since the beginning of the Covid-19 pandemic have sparked some investigations.
EV truck plant coming to Georgia - Electric truck maker Rivian is expected to announce plans to build a $5 billion battery and assembly plant in Georgia. Note: The project is expected to employ 7500 workers and make it the largest industrial plant in Georgia history.
📅 This Week's Key Economic Calendar
Thursday: Initial jobless claims (wk end 11-Dec), Markit US Manufacturing PMI
Friday: No major economic events
📔 Snippet of the Day
Quote of the day: "Buy stocks as you would groceries: when they are on sale" - Christopher Browne
Here's Your Daily Market Brief For December 16th
📰 Top News
S&P Futures: +0.61%; DOW Futures: +0.58%; Nasdaq Futures: +0.50%
US stock futures traded higher Thursday morning as investors digested news that the Federal Reserve would be aggressive on tapering and rate hikes in 2022.
Powell dials back money printer - Federal Reserve Chairman Jerome Powell announced that the run of ultra-easy monetary policy since the beginning of the pandemic is coming to a close. Note: Powell said the Fed would accelerate its tapering program and likely raise rates 3 times in 2022.
US passes massive defense spending bill - The US Senate has passed a $777 billion defense spending bill, with the final stages being a signature from President Joe Biden. Note: Most of the funds will go to the Pentagon with the remainder going to the Department of Energy
IRS wants a piece of crypto gains - The IRS has instituted a new reporting requirement requiring investors to report taxable transaction involving Bitcoin, Ethereum and Dogecoin among other cryptocurrencies. Note: The move comes as the White House and legislators attempt to crack down on tax cheats.
🎯 Price Target Updates
RBC downgrades AirBnB. ABNB downgraded to SECTOR PERFORM from OUTPERFORM - $175 (from $195)
Evercore ISI upgrades Shopify. SHOP upgraded to OUTPERFORM from IN LINE - $1,770
Morgan Stanley upgrades AT&T. T upgraded to OVERWEIGHT from EQUALWEIGHT - $28 (from $32)
📻 In Other News
That's not turbulence, that's 5G. - A group of aviation experts is warning that 5G cell networks set to go live soon may interfere with a critical piece of technology used by pilots. Note: AT&T and Verizon say that 5G has already rolled out in many countries without affecting aviation but will minimize energy at sites near airports.
It's a free market! - US House Speaker Nancy Pelosi scoffed at the idea of banning lawmakers and their spouses owning stocks in individual companies, saying they should be allowed to participate in the free market economy. Note: Stock purchases by some senators since the beginning of the Covid-19 pandemic have sparked some investigations.
EV truck plant coming to Georgia - Electric truck maker Rivian is expected to announce plans to build a $5 billion battery and assembly plant in Georgia. Note: The project is expected to employ 7500 workers and make it the largest industrial plant in Georgia history.
📅 This Week's Key Economic Calendar
Thursday: Initial jobless claims (wk end 11-Dec), Markit US Manufacturing PMI
Friday: No major economic events
📔 Snippet of the Day
Quote of the day: "Buy stocks as you would groceries: when they are on sale" - Christopher Browne
CRYPTO Technical Outlook /Analysis DEC 16 📊⚡🧙♂️
- BTCUSD :
BTC turned bullish today from the Fed’s fundamental event as stock indices surged. I’ll be following the intraday chart tomorrow and will be looking for more scalp setups. Bitcoin should see more strength from this location 👀
- ETHUSD :
ETHBTC turned bullish today and $ETH also moved very bullish as a bullish Bitcoin accelerated the move. Above $4,080 Ethereum will get stronger and eventually it’ll tease the lower high trendline. I will be following the intraday chart tomorrow 🤔
- LTCUSD :
LTC is following Bitcoin’s footsteps and slight bullishness in LTCBTC is helping it to become more bullish but Litecoin will still keep following Bitcoin until LTCBTC has a breakout above 0.0034 BTC ⚡
- XRPUSD :
XRPBTC didn’t change much and $XRP is simply following Bitcoin as expected. I will be paying close attention to the intraday chart tomorrow and I will be looking for a quick scalp setup 😈
- LINKUSD :
LINK closed strongly bullish as both Bitcoin and LINKBTC were bullish. LINKBTC has huge room to move but LINK is still moving between the Daily range area with Bitcoin. I will be looking for a scalp setup from the intraday volatility tomorrow 🧐
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