Monat: Dezember 2020

TradingView column: First stop

Bitcoin begins to sideline at the top of $19,000. Some altcoins continue rallying. Check out the studies by TradingView analysts.

CSM Trader

The price of Bitcoin in some past sessions even tested the support in the price area of $ 18,620 just above the EMA 100 (H1); after arriving in the price area of $ 19,419 and thus making another annual high.

Now at the time of writing the Bitcoin price follows above the $19,160 price area and with that the evolutions and consolidations should occur above the $18,900 and $19,000 price area to give the continuity of evolutions and attempts of positive evolutions above the resistance in the $19,400 price area and with that the attempt to advance above the $19,500 price area may occur.

The Bitcoin price still needs good consolidations above the $19,200 and $19,300 price area in order to gain strength and advance above $19,500 for new consolidations above this price area, and with that the evolutions and test above the $19,700 price area may arise, and thus the Bitcoin price will be very close to breaking its historical price in the $19,800 price area and still be able to extend above $20,000, and thus making a new historical top. (see dynamic chart).

Allan Jhones

The ETH yesterday (24) made the expected correction, not up to 560 more until the 20-period moving average, which was rising as the day went by. The price reached 580 on average and formed a bottom from which it has risen again so far. The ETH is expected to test the 620 once more and in case of a break it can happen a strong high, up to 750. Already if the resistance is respected a correction can lead to support at 560. (see dynamic chart).

Ferho

ETH Cryptomeda on the BTC pair is showing a trend reversal by holding the weekly dragon and the daily showed a strong momentum.

Keep an eye on this crypto superstar, I also like BTC but we should go where we see the biggest profits. (see the dynamic chart).

Fabio Pereira

Since its historic high in January 2018, the XRP currency has depreciated against the dollar and has lost more than 95% of its value. But the time for devaluation is over. We have reached the maximum monthly fractal bottom and are now preparing to rise.

Finally we stop falling and start the movements that will start the Legendary Rally (well, we are in the first movements that will still generate it).
This means that from now on the tops will be higher than the previous ones and no bottom will exceed the maximum bottom marked on the chart. (see the dynamic graph).

Disclaimer: The analyses presented here are only studies. They are not investment recommendations, neither are they buying or selling, nor do they reflect the opinion of the media outlet in which they are being disseminated. They are studies aimed at people with knowledge and experience in the financial market.

MyEtherWallet introduces staking for Ethereum 2.0

MyEtherWallet now takes Ether (ETH) staking into account. This was made possible by a partnership with Staked.

Ethereum 2.0 and staking on MyEtherWallet

The partnership between MyEtherWallet and Staked has been designed to make it easier for users to take advantage of ETH staking . They can now deposit the 32 ETH or more required on the Beacon Chain, and Staked will manage the validation node. According to MyEtherWallet CEO Kosala Hemachandra, this lowers technical barriers that could have prevented some users from staking.

As a reminder, the validators who manage the new nodes of the Ethereum 2.0 network will secure the transactions and replace the miners. However, the Bitcoin Superstar rewards generated in this way cannot be withdrawn for a certain period of time. They will be blocked until phase 2 of Ethereum 2.0, in at least two years.

ETH staking meets with great success

MyEtherWallet is the first crypto wallet to unlock staking with Ethereum 2.0 directly from the app. This opens up staking to mobile users, which could appeal to a wider range of investors, according to Kosala Hamachandra:

“Mobile access to everything the Ethereum blockchain has to offer – including swaps, DeFi, BTC sendings to Ethereum, and staking – can greatly facilitate the entry of users and increase participation in the network. “

ETH’s staking is currently meeting the success hoped for by developers. We learned a few days ago that 1 million ETH was now staked on Ethereum 2.0 . “Delegated staking” services , which take care of the technical aspects on behalf of ETH holders, are also booming.

Kraken, which launched ETH staking on December 4, has already seen 100,000 ETH deposited into the deposit agreement through its services. In total, this is 8% of all ETH stakes. The other large centralized exchange platforms should therefore follow the trend in the coming months.

Legalize Bitcoin! – Congressman Ron Paul on BTC in the US

Legalize Bitcoin! – The former congressman Ron Paul expressed himself according to this motto in an episode of the Stephan Livera Podcast, which appeared last Sunday. Paul describes his view of the current relationship between the US government and the cryptocurrency Bitcoin.

Especially in times when the G7 countries are calling for acute regulation of crypto currencies, this topic seems more important and topical than ever.

Ron Paul on Bitcoin in the US

Ron Paul belongs to the scrap heap of the American political establishment.

Paul is a former Congressman and was a candidate for the US presidential election. The Texan is considered a libertarian free spirit.

In a recent interview, Paul spoke about Crypto Investor and cryptocurrencies in general. In short, Paul urges people to be more vigilant and responsible.

Let us now take a look at the individual statements made by the former presidential candidate.

Could the US government seize Bitcoin just like gold?

In essence, Paul expressed his concerns about strong regulation by the US government.

Paul said he saw the authorities‘ seizure of cryptocurrencies like Bitcoin as a real threat. Such a project has already happened three times in the past in the USA.

The last time government authorities seized gold from the population was during the Great Depression in 1933 .

Specifically, Paul said:

The more successful cryptocurrencies and especially Bitcoin are, the more you have to be aware that the US government will be more aggressive. Cryptocurrencies are not a product of governments and so they keep a very close eye on them.

Paul is considered an advocate for cryptocurrencies

In the overall context we have to note that Paul has come out several times as a critic of the American Federal Reserve Bank.

In this respect, the former congressman, who resigned from Congress in 2013, is considered an advocate for Bitcoin and Co. He received his first Bitcoin from Litecoin founder Bobby Lee.

As early as 2013 Paul started with a „Legalize Bitcoin“ approach, which aimed to allow currencies to compete.

When I was in Congress, one of my goals was to fully legalize Bitcoin. I had a draft that would have allowed currencies to compete. The problem is that it would have created competition for the US dollar and there are some people who absolutely dislike that.

Regulation still a threat to Bitcoin?

Paul stressed several times that he still regards government regulation as a major threat to Bitcoin and cryptocurrencies in general.

In memory of the act described above for the confiscation of US citizens‘ gold holdings in 1933, Paul warned against too much serenity in the crypto community.

Even if the tenor is repeated here that Bitcoin is a decentralized currency that comes from „outside“ and cannot be confiscated, one should not underestimate the power of the US government.

If the government can come and take your gold holdings away from you, I don’t think they’d be neutral on cryptocurrencies. At some point the world will come without cash and governments will want to use their money and know what is going on.

What is certain is that an indirect ban on stock exchanges and trading platforms as well as the restriction of fiat access would already represent a tough cut for Bitcoin and Co.