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    BITCOIN 🚨EMERGENCY: 97% WILL LOSE!!!!

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    BITCOIN 🚨EMERGENCY: 97% WILL LOSE!!!!

    Bitcoin is falling back down. I will do btc technical price analysis for Bitcoin.
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    More Stress For El Salvador As Bitcoin Dips To $29,000

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    More Stress For El Salvador As Bitcoin Dips To $29,000

    crypto basset hound

    El Salvador has been on the radar of leading financial and economic institutions since it made Bitcoin a legal tender. It has mainly become a spectacle as cryptocurrency supporters and non-supporters alike watch on to see how this plays out. El Salvador which had made good on its bitcoin promise had made multiple BTC purchases at close to the height of the market last year and some this year. The country now holds at least 2,300 BTC since it made its first purchase in September of 2021. Now that the price of Bitcoin is down significantly since the country had begun buying, how is this playing out for the North American country? El Salvador And Its Bitcoin El Salvador had bought another 500 BTC in May after the market had declined to $1.68 trillion. These bitcoins which were purchased at an average price of $30,774 had brought the country’s holdings to 2,301 BTC so far. It would be the lowest price that the country had been able to purchase the digital asset and given that this purchase was only a small part of its larger holdings, the country still remains in loss from its multiple purchases. Related Reading | Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000 The first time El Salvador had bought some BTC in September, it had been trading above $44,000. What this means is that the digital asset is down about 45% since then. Its entire stash is now worth about $70 million at present prices. So even with the dollar cost averaging method that has seen the country buy BTC at different prices, it is still down 28% from its total purchase value. BTC falls to $28,000 | Source: BTCUSD on TradingView.com The move to accept BTC has not only proved controversial on just the bitcoin price side, but it has also affected the country’s ability to receive international aid in the form of loans. Last year, it was made public that the country had been looking to secure $1.3 billion from the IMF. However, this does not seem likely to happen given that the IMF has expressed its disdain for the adoption of bitcoin as a legal tender.  It has advised the country to remove the digital asset as an official national currency, citing that this could cause problems for the economy in the long-term, revealing that the current account deficit for El Salvador’s remittance and the external financing-reliant economy is estimated to drift around $2 billion for the next three years. But President Nayib Bukele has turned a deaf ear to this. Related Reading | Crypto Carnage Causes Flight To Bitcoin Safe Haven, Dominance Demonstrates El Salvador is a country that is heavily reliant on remittances from citizens abroad who send money home to loved ones. For this reason, the president has said that BTC will greatly help make these remittances easier and cheaper for its residents. On the price side, the president is not much bothered by the recent decline either. He has said in the past that he expects the price of the digital asset to reach $100,000 sometime in 2022. If this happens, then the country will be in significant profit from its BTC holdings. Featured image from Coingape, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… 

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    Bitcoin Price Analysis: BTC Price Strikes $30000; Breakout Or Fakeout?

    Analysis

    Bitcoin Price Analysis: BTC Price Strikes $30000; Breakout Or Fakeout?

    crypto basset hound

    The Bitcoin(BTC) price retest of the overhead resistance trendline teases a breakout entry for interested buyers. However, 50 EMA offering constant resistance to the price action may interrupt the potential rally.  Key points:  The BTC price consolidates rally over the last few days  The BTC price bullish breakout to overhead resistance The intraday trading volume

    The post Bitcoin Price Analysis: BTC Price Strikes $30000; Breakout Or Fakeout? appeared first on CoinGape.

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    How crypto will transform the world within 10 years?

    Analysis

    How crypto will transform the world within 10 years?

    Cointelegraph’s Rachel Wolfson sat down with Deltec chief strategy officer Margaret Rosenfeld at Crypto Bahamas 2022 to discuss the evolution of the crypto industry over the next 10 years. 0:00 Intro
    0:30 What can you tell us about the regulatory frameworks around Web3?
    1:43 Why is the Bahamas’ attitude toward crypto different from that of the U.S.?
    3:32 Is the Bahamas modeling its crypto framework after other countries’?
    4:45 What does it mean to “bank” people into the cryptocurrency space?
    6:39 What comes after crypto’s “frontier” stage?
    8:56 What is the Sand Dollar?
    9:50 How is the Sand Dollar obtained?
    10:14 Why is there so much potential in Tether and USDC? Subscribe to Cointelegraph Markets Pro: https://pro.cointelegraph.com Check out the latest crypto merch at the Cointelegraph Store: https://store.cointelegraph.com/ Want to join the Cointelegraph team? Check out https://cointelegraph.com/careers. #Cointelegraph #Bitcoin #CryptoMarkets Subscribe to Cointelegraph: https://goo.gl/JhmfdU Follow COINTELEGRAPH:
    Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.

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    Did Peter Thiel Meet Satoshi Nakamoto?: David Sacks

    Bitcoin

    Did Peter Thiel Meet Satoshi Nakamoto?: David Sacks

    Subscribe to the NEW Best Business Show Live Channel. This channel will be only be clips from the show only going forward
    https://www.youtube.com/channel/UCgE46TG0RwAkaolFgH-MTYg The Best Business Show Is LIVE 11AM-1PM EST Monday – Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! https://thebestbusinessshow.com/ Pomp writes a daily letter to over 200,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ View open jobs in crypto: https://pompcryptojobs.com/
    Enroll in my crypto academy: https://www.pompscryptocourse.com/ Follow Pomp on social media:
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    Website: https://anthonypompliano.com/ #AnthonyPompliano #Pomp #Bitcoin #Finance #Business #Crypto

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    Three Trade Ideas – May 19th | Options Trading Concepts LIVE

    Call

    Three Trade Ideas – May 19th | Options Trading Concepts LIVE

    The tastytrade crew shares their trade ideas for the day! Mike buys a call diagonal spread in AMAT for earnings
    Nick sells a strangle in AA
    Katie buys the /STIX small exchange contract Tune in to learn more and a live Q&A as well! ======== tastytrade.com ======== tastytrade is a real financial network, producing 8 hours of live programming every weekday, Monday – Friday. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 50 original segments and over 20 personalities, we’ll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. http://ow.ly/EbzUU Subscribe to our YouTube channel: https://www.youtube.com/user/tastytrade1?sub_confirmation=1 Follow tastytrade:
    Twitter: https://twitter.com/tastytrade
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