BITCOIN IS FALLING TO $6,000??? | PROOF: JUSTIN SUN USED BOTS IN FAKE TWITTER POST!!!!!!!!!!!!!
Опубликовано: 25 мая 2020 г.
BITCOIN TODAY: In this video, I’ll go through the Bitcoin news today & I’ll make a Bitcoin price analysis. The BTC news & analysis can be inspiration for your own Bitcoin trading or investing, but is NOT financial advice. On this channel, The Moon, I make 1 video every single day about crypto news & Bitcoin. I’ll always include professional Bitcoin technical analysis, to make a Bitcoin price prediction, and I’ll also show you the most relevant news for Bitcoin investing & trading. Please subscribe if you are a Bitcoin hodler, and leave a thumbs up to support my free videos!
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Bitcoin Profit Review – Legit or Scam Robot?
Bitcoin Profit supposedly earns enormous profits for users from an investment of as little as 250 USD. The robot was launched in 2014 and is said to be one of the most popular in the crypto trading industry.
But is Bitcoin Profit trustworthy, and is it worth your time and money? As usual, we have done rigorous legitimacy tests on this robot, and it appears reputable.
This review presents proof that Bitcoin Profit is legit and trading tips to help beginners hit the home run with this robot.
What is Bitcoin Profit?
Bitcoin Profit is a trading tool founded by Steve McKay, a self-made crypto millionaire and former investment banker.
The robot enables ordinary people to trade BTC with a win rate of up to 99%. With just 250 USD of investment, a typical Bitcoin Profit user can reportedly earn up to 2000 USD daily. Bitcoin Profit makes the supposed profits by speculating on Bitcoin CFDs.
A Contract for Difference (CFD) is a high-risk/high-return financial derivative offered by most brokers. Bitcoin CFDs allow traders to bet on BTC volatility without having to own the underlying asset. Consequently, Bitcoin Profit users do not have to go through the tedious BTC buying process.
Bitcoin Profit trades over 45 BTC pairs in both crypto and fiat and with a supposed ROI of up to 400%. Some of the popular crypto pairs you can trade with Bitcoin Profit include BTC/BCH, BTC/ETH, and BTC/XRP. You can also bet on fiat pairs, including BTC/EUR, BTC/USD, and BTC/GBP. In total, you get exposure to over 45 BTC pairs when trading with Bitcoin Profit.
Moreover, users do not have to choose the pairs to trade since the robot identifies those with the most opportunity automatically. Bitcoin Profit can trade up to 5 pairs simultaneously and place tens of trades within a minute. This trading approach is known as scalping and is popular with institutional investors.
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How Bitcoin Profit works
Bitcoin Profit relies on Artificial Intelligence (AI) to research and place trades on behalf of users. AI is the holy grail of trading among institutional investors and is gaining popularity with well-to-do individual traders.
AI robots tend to have an alleged high accuracy, and the best can supposedly generate up to a million-dollar in a day of trading. These robots nowadays run most hedge funds on Wall Street. Moreover, some of the well-known world traders earned their fortunes through AI robots.
Bitcoin Profit applies the same principles used in traditional assets trading in BTC trading. However, it has a higher supposed profitability rate than most since the crypto markets tend to be highly volatile.
Unlike most robots, Bitcoin Profit is free and requires a deposit of 250 USD only. Most robots with similar capabilities require an annual license fee of up to $5000 per month. As mentioned earlier, Bitcoin Profit relies on partner brokers to receive deposits and facilitate transactions.
Some of the world best regulators monitor these brokers. Adequate regulation is enough to sign that the broker is willing to operate in transparency. The world-leading regulators make it mandatory for brokers to segregate funds and only use clients money for the intended purpose.
Moreover, they must insure deposits to ensure that clients get a refund in the event of bankruptcy. Regulators also require brokers to go through regular external audits to determine if they have enough cash to maintain daily operations.
How to register with Bitcoin Profit
Bitcoin Profit is an auto-robot made for all traders, including complete beginners. The robot is available in nearly all countries that support crypto derivatives trading.
Registration with Bitcoin Profit is absolutely free and only takes a few minutes. However, you need to verify identity with the matched partner broker. This may take a few hours, but you can proceed to deposit and trade before verification. Please note that you can only withdraw the supposed profits from a verified account.
As explained earlier, Bitcoin Profit is available for all and easy to use even for the complete beginner. You only need to read the trading guide and watch the risk management tutorials to trade with this robot successfully. The following steps should kick-start your trading journey with Bitcoin Profit.
Countercheck all details you submit during the registration process to avoid problems later. Remember that you must verify ID and contact details to access the web-trader. Moreover, you will use the phone number and email you provide for account login.
Bitcoin Profit only accepts a multi-factor authentication sign-in method. Moreover, users must adhere to specific password protection guideline, among other measures. The robot claims to adhere to the stringent EU data privacy regulation known as the GDPR.
Bitcoin Profit requires users to deposit at least USD 250 to access the live trading platform. The deposit is what the partner broker uses to place orders in the market as directed by a robot.
You can deposit through debit or credit card, Wire Transfer, Money Gram, Skrill, and bitcoin. All deposits through major debit and credit cards facilitate instantly.
Deposits made through e-wallets and crypto wallets may take up to 15 minutes to reflect in the traders account. Bitcoin Profit utilizes top-level encryption standards to safeguard users data. This means that your billing details are safe with this robot.
This account helps you familiarize with the real-time web-trader before going live. Bitcoin Profit is entirely auto but gives users the option to define the level of risk they are willing to take per trade.
You need to read the trading guide carefully and practice what you learn through the demo account. It is also vital that you watch the trading tutorials to get a clear picture of how risk management applies in a live account.
We suggest that you practice with the demo for at least 2 hours before moving to the live account.
You should only go live after getting enough demo experience. As mentioned above, you need to define the risk you are willing to take per trade before going live.
Bitcoin Profit offers features such as Stop-Loss and Take-Profit to help you manage risk. The Stop-loss feature defines the level of loss you are willing to bear while the Take-Profit defines the level of profit you are willing.
These functions help traders avoid getting overly ambitious or too fearful. The BTC CFDs markets are highly volatile, and hence an opportunity can turn into a risk if the trader fails to act in time.
Bitcoin Profit applies another feature known as Negative Balance Protection, to shield users from trading into the negative.
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How to make the most out of Bitcoin Profit
Bitcoin Profit runs on autopilot, but there are several things that users can do to make the most out of it. These include;
1. Trade for not less than 8 hours daily – Bitcoin Profit makes hundreds of trades daily and hence performs well when left to run for long hours. The best time to run this robot is when bitcoin volatility is high. This is between 8:00 AM and 4:00 PM ET since this is when live trading is happening in Wall Street.
2. Only commit what you can afford to lose – Starting small allows you the peace of mind to observe market trends and identify the best time to run the robot. Investing a lot of money, on the other hand, is likely to cause fear hence making you interrupt trading prematurely.
3. Get a trading partner – Introduce a friend to the robot and work together towards building a trading plan. Compare performance to determine what works and what doesn’t.
Is Bitcoin Profit legit? The verdict!
Bitcoin Profit seems like a good bet for anyone looking for an easy way to invest in bitcoin. It is highly popular, having thousands of reviews on TrustPilot and ForexPeaceArmy. Most reviewers appear satisfied with its supposed profitability.
We have conducted rigorous testing on this robot and can confirm that it is easy to operate even for those who are green in cryptocurrencies. Feel free to try Bitcoin Profit through the link below and let us know how you find it in the comment section.
Open Your Bitcoin Profit Account for Free Now
Is Bitcoin Profit a good robot?
Bitcoin Profit seems like the right choice for any trader looking to invest in bitcoin but without the know-how.
Is Bitcoin Profit profitable?
We have analyzed thousands of Bitcoin Profit reviews on the internet and confirmed the supposed profitability. As mentioned above, a lot of users seem satisfied with its performance.
How much do I need to invest with Bitcoin Profit?
Bitcoin Profit requires all users to deposit at least 250 USD to access its live trading account. This amount is more than enough for beginner traders.
Satoshi Nakaboto: ‘Bitcoin continues downtrend with 5% loss in one day’
Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.
Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Satoshi Nakamoto used to say: Time to learn some stuff about Bitcoin!
We closed the day, May 24 2020, at a price of $8,790. That’s a notable 4.57 percent decline in 24 hours, or -$421.90. It was the lowest closing price in twelve days.
We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin’s market cap ended the day at $161,610,414,643. It now commands 66 percent of the total crypto market.
Yesterday’s volume of $32,518,803,300 was the highest in two days, 42 percent above the year’s average, and 56 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 585 tons of gold.
A total of 214,414 transactions were conducted yesterday, which is 33 percent below the year’s average and 52 percent below the year’s high.
Yesterday’s average transaction fee concerned $1.41. That’s $2.5 below the year’s high of $3.91.
As of now, there are 12,647 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.2 percent of the total supply, the top 100 14.7 percent, and the top 1000 35.0 percent.
With a market capitalization of $162 billion, Toyota has a market capitalization most similar to that of Bitcoin at the moment.
On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.
He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.3 percent behind being on track. Bitcoin‘s price should have been $343,946 by now, according to dickline.info.
Bitcoin used an estimated 159 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 58 terawatt hour. That’s the equivalent of Bangladesh’s energy consumption or 5.4 million US households. Bitcoin’s energy consumption now represents 0.26% of the whole world’s electricity use.
Yesterday 30,235 fresh tweets about Bitcoin were sent out into the world. That’s 56.6 percent above the year’s average. The maximum amount of tweets per day this year about Bitcoin was 82,838.
This was one of yesterday’s most engaged tweets about Bitcoin:
Goldman Sachs may be exploring BTC as a safe-haven asset, with the investment bank hosting a coming call on inflation, Bitcoin, and gold https://t.co/AI500Xxhj1
— Cointelegraph (@Cointelegraph) May 24, 2020
This was yesterday’s most upvoted Reddit post about Bitcoin:
You don’t have to sell bitcoin from r/Bitcoin
My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.
Author: Satoshi Nakaboto
Crypto-Crash: Bitcoin price falls below $8,800, ETH and XRP follow
- The Bitcoin price has fallen further to $8,640 due to a large liquidation wave on BitMEX.
- After failing to hold the $9,000 mark on the daily chart, a further bearish move appears possible.
Bitcoin fluctuated in the $9,000 to $9,300 price range for several days until the Bitcoin price showed a correction to $8,600. At the time of writing, BTC is down 4.25% in the last 24 hours and is now trading at $8,788.64. The market capitalization has dropped from $166 billion to $161 billion.
Bitcoin Trader Josh Rager describes that Bitcoin briefly fell below the important support level of $8,800 and this is a bad sign for the next days. Bitcoin must manage to rise above $9,100 again and keep this mark on the daily chart. Rager is cautious in the current market and advises his followers to secure their trades with well-considered stop loss orders.
$BTC not the weekly chart that you want to see pic.twitter.com/3Z6PPcGeDn
— Josh Rager 📈 (@Josh_Rager) May 25, 2020
Well-known analyst Scott Melker agrees with Rager and explained that Bitcoin looks very bearish on the daily and weekly charts. As a result, he has personally switched to trading in shorter time frames. On the chart he shows, Bitcoin is on the verge of losing the 4 hour 200 moving average (MA). This has often marked a turning point downwards in the past. Melker will “scalp” Bitcoin for the next few hours to make short-term profits.
Large time frame looks bad, but short time frames are oversold and this channel looks interesting. Losing the 4 Hour 200 MA is bad news, historically. Bulls want to see price back above the red line quickly. I took a small leveraged long at $8,700 for a scalp. pic.twitter.com/EC9ElPraAa
— The Wolf Of All Streets (@scottmelker) May 25, 2020
The anonymous trader “Big Chonis Trading” shed light on another circumstance and explained that Bitcoin has tested the support along the $8,800 mark on the 1-hour chart and has maintained it so far. Nevertheless, he also draws a rather bearish scenario for Bitcoin if Bitcoin does not manage to climb above the important $9,900 mark and close above that mark on the daily chart. He also points out that the MA200 is in danger.
$BTC – key backtest MA200 4hr #bitcoin chart… pic.twitter.com/R5Z7E53eGg
— Big Chonis Trading😷 (@BigChonis) May 25, 2020
According to data from the analyst website Skew.com, Bitcoin positions on BitMEX worth more than $20 million were liquidated in the last few hours when Bitcoin hit the local weekly low of $8,640. Overall, sentiment among analysts is tilted, with many predicting a bearish scenario for Bitcoin.
On the other hand, Chris Burniske, Partner at Placeholder Capital, noted that Bitcoin may rise soon because the Chinese Yuan has fallen against the USD, which has been a bullish signal for Bitcoin in the past. In previous years Bitcoin has already gained strength when the Chinese yuan has shown weakness:
If China’s CNY continues to weaken against USD, then we could have a 2015 and 2016 repeat, where BTC strength coincided with yuan weakness.
The Altcoin market continues to blindly follow Bitcoin and is also experiencing heavy losses. Ethereum falls by 3.42% to $202.94, XRP by 2.97% to $42.65 and Litecoin by 3.98% to $0.19. You can check the prices of over 5,000 cryptocurrencies in our marketcap charts.
Another bullish outlook is given by the leading commodity trader at Bloomberg Intelligence, Mike McGlone. He explains that some of Bitcoin’s fundamentals remain strong. Via Twitter, he described that the number of active Bitcoin addresses and the derivatives market has continued to grow. In his opinion, this indicates a growing acceptance of Bitcoin in the retail sector and by new financial institutions.
Key indicators support #Bitcoin’s ability to sustain above $10,000. Increasing addresses used, record-high futures open interest and assets under management (AUM) of GBTC support the digital version of gold’s value and the crypto’s similar direction to the advancing metal. pic.twitter.com/jMWw6Cz97u
— Mike McGlone (@mikemcglone11) May 21, 2020
Author: Collin Brown
Institutions are aggressively buying bitcoin
Both data and first-hand accounts from industry insiders indicate that institutional interest in Bitcoin (BTC) investment is increasing rapidly. This has led some to conclude that the “perfect storm” is about to hit the market, Cointelegraph reported.
Grayscale Bitcoin Trust, or GBTC, an exchange traded vehicle backed with Bitcoins, has been growing steadily in size over the past several years. However, in the last couple of months, its growth has begun to accelerate. Interestingly, the fluctuation in the price of the underlying asset does not seem to affect this growth pattern. This makes sense, considering that investors have a minimum lockup period of six months.
What makes GBTC an important driver of the market dynamics is not only the fact that, according to its spokesperson, over 90% of the inflows come from the institutional players: “Since inception, 90% of inflows into our family of products comes from institutional investors.”
But also, its holdings diminish the circulating supply of Bitcoin, as its assets are locked away in Coinbase vaults. As of today, GBTC has taken 350,000 BTC out of the circulating supply. This represents 2% of Bitcoin’s circulating supply, not taking into account the number of lost coins.
Since 2019, GBTC has consumed 100,375.93 BTC, which is 17% of all the Bitcoins mined during this time period.
In the last three months, the pace at which institutional investors have been investing into GBTC has tripled. If this trend continues, then in another three months, it will be holding 400, 000 BTC, and in another 6 ½ months after that — March 2021, it will accumulate around 550,000 BTC or 3% of the total supply.
Furthermore, if this forecast comes to fruition, it will imply that GBTC will be gobbling up 75% of all newly mined Bitcoins during this timeframe.
It is not clear whether this trend was spurred by the halving, but the metric itself is confirmed by other sources. Alex Mashinsky, CEO of Celsius, a crypto lending platform that currently holds 55,000 BTC, said, “We now have over 260 of them [institutional borrowers] and we did close $10B in loans since launch. The price of BTC does not matter, what matters is volatility of prices going up and down.”
He also added that he could easily lend out another 100,000 BTC if he had it; this is despite the fact that Celsius charges 5-12% interest.
Zac Prince, CEO of BlockFi, another crypto lending platform, said he expects the surge in institutional interest to continue: “The volatility that characterizes it as a risky investment by some in normal market conditions has now empowered it to recover faster than any other asset following the initial markets-wide downswing in March – it’s now up 94% since March 16th and continues to climb. We expect to continue to see institutional interest in this asset rise steeply in the next few years accompanied by wider mainstream consumer adoption.”
It’s important to note that unlike Grayscale, platforms like Celsius and BlockFi probably do not drive the price up, as they do not take their Bitcoins out of circulation; on the contrary, they foster market liquidity.
Another improvement to the supply side of the equation is expected to come from the purging of the mining industry. With inefficient miners leaving the network, the remaining ones will become more profitable and will be able to sell less of their Bitcoins to sustain the operations, reducing the supply.
Matt D’Souza, CEO of Blockware Solutions and manager of a Bitcoin hedge fund, said, “Most funds and hodlers, they’re not shorting really. All of them are long. Most funds are long only. My fund is long only. I’m managing a 15 million and I’d say we’re a decent sized fund. I had a call, MultiCoin two days ago. I had a call with BlockTower last week. So I’m in discussion with all the other funds. And it’s everyone for the most part is long-only on Bitcoin.”
He believes that the combination of the central banks injecting trillions of dollars into the economy and the diminishing issuance of new Bitcoins because of the halving is creating a “perfect storm”: “You inject two trillion. Maybe they’re going to have to inject more based on how the economy is. A lot of money is going to get injected. And it’s creating a perfect storm for Bitcoin.”
Bloomberg analyst Mike McGlone believes mainstream adoption will lead to the SEC’s approval of a Bitcoin ETF in the near future: “Futures open interest represents increasing mainstream adoption and indicates the likelihood of an ETF futures on a US- listed exchange.”
If this trend continues, data seems to suggest that Bitcoin’s price could appreciate in the next 12-18 months.
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Bitcoin Price Drops to $8,800
Bitcoin has started the week posting losses. At press time, the largest cryptocurrency by market cap is trading at $8,796.36 (-4.94%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has fallen to $202.44 (-3.63%), while XRP has dropped by 2.88% and is now trading at $0.194.
FxPro’s team of analysts say:
“A new secondary trend close to $9,000 has ended up on sale. The reference cryptocurrency is currently trading at around $8,800 after losing 5% of its value or $440. The decline began on Sunday night, so it’s still too early to know what will happen. Over the past week, Bitcoin has lost almost 11%, leading the fall of all currencies on the top 10.
The pressure on Bitcoin has intensified as its price approached $10,000. Formally, this may be a sign that there is still a long term downward trend, passing through the peaks of 2017, 2019 and early 2020. Bulls are currently hoping the crypto will find greater support in the $8,400-8,500 area, where the 200-day moving average is located. If it fails to find support there, its price could rapidly drop to $7,500 (the 50-day average) or to $7,000 (a psychologically important level).
On the other hand, the stronger and more ‘bloody’ the sale on the crypto market is, the more it will attract investors who want to buy it with discount.”
It is worth mentioning that since June 2019, Bitcoin has recorded six consecutive lower peaks. The crypto reached $14,000, $13,300, $12,300, $10,600, $10,500 and $10,000, making each peak lower than the previous one.
From a technical analysis point of view, lower highs suggest that buyers are failing to establish a new bullish cycle. Every time a lower peak is reached, this shows the selling pressure in the market is simply too strong to break out of it.
According to CoinMarketCap’s ranking, all currencies on the top 10 are in red.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $246,657,511,188.
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Author: José Rodríguez