Der Junge Karl Marx

Big players still fear Bitcoin’s volatility as well as its previous association with criminal activities.

Although many large players bought large quantities of Bitcoin (BTC) in 2020, according to Robert Li, an analyst for the Draper Dragon fund (part of the Draper Venture Network), many aspects still prevent institutions from investing on a large scale.

During a segment of the Latin America Bitcoin Conference on Tuesday, Li said:

„I think there are still some aspects that prevent most institutional investors from freely allocating their capital to Bitcoin.

The main obstacle is the reputation problems resulting from Bitcoin’s previous association with crime, terrorism and online drug sales. I think that in the past years many people have not thought twice about simply liquidating Bitcoin as a scam“.

Silk Road, a former black market online, was a prime example of illegal activity facilitated by Bitcoin transactions. But Li believes that today the ecosystem is very different, thanks to the action of governments and the help of analysis companies.

In 2020 Bitcoin has increasingly become a legitimate investment in the mainstream world. PayPal recently added Bitcoin and other cryptos to its platform, while traditional financial companies such as MicroStrategy have begun buying significant amounts of BTC. However, we have not yet seen the peak of mainstream interest: Bitcoin’s reputation may not be the only thing that intimidates large financial institutions.

According to Li, regulation also seems to be an obstacle, although the laws are region-specific:

„In many ways the crypto regulation here in the US is not at all mature. […]

The spot crypto exchanges in the US are not regulated in the same way as national stock exchanges such as the NYSE or the NASDAQ. As you can imagine, they are not even required to meet the same kind of investor protection standards“.

He mentioned that big players are also wary of another vulnus in the Bitcoin investment world, namely market manipulation: in his opinion this would be a well-founded fear, considering that in the past significant price fluctuations have resulted from poorly regulated exchanges. Volatility could also frighten new institutional Bitcoiners, as well as a „wide lack of institutional services and tools“ for such actors, even if this aspect has improved in recent years.

Leading the early adopters is MicroStrategy, which has recently expressed interest in buying even more BTC.

Der Bitcoin-Preis begann einen starken Anstieg über die Widerstandswerte von 17.000 $ und 18.000 $ gegenüber dem US-Dollar.

Der Preis handelte bis zu 18.493 $ und pendelte sich gut über dem 55 SMA (H4) ein.
Auf der 4-Stunden-Chart des BTC/USD-Paares bildet sich eine wichtige zinsbullische Trendlinie mit Unterstützung bei fast $16.800 (Daten-Feed von Coinbase).
Das Paar könnte einige Punkte korrigieren, aber die Haussiers werden wahrscheinlich in der Nähe von $17.200 und $17.000 aktiv bleiben.

Der Bitcoin-Preis zeigt zinsbullische Anzeichen oberhalb der $17.000-Zone gegenüber dem US-Dollar. BTC stieg in Richtung der 18.500 $-Marke und korrigiert derzeit nach unten.
Analyse des Bitcoin-Preises

In den vergangenen Tagen folgte der Bitcoin-Preis einem zinsbullischen Pfad oberhalb des Widerstands von $16.800 gegenüber dem US-Dollar. Die BTC durchbrach viele Hürden nahe der 17.000 $-Marke, um sich weiter in eine positive Zone zu bewegen.

Der Preis gewann oberhalb der Niveaus von 17.500 $ und 18.000 $ an Fahrt. Er handelte nahe dem Widerstand von 18.500 $ und pendelte sich deutlich über dem 55 einfachen gleitenden Durchschnitt (4 Stunden) ein. Bei 18.493 $ wurde ein neues Mehrmonatshoch gebildet, bevor es zu einer deutlichen Abwärtskorrektur kam.

Der Preis wurde unter der 18.000 $-Marke gehandelt. Es gab einen Durchbruch unterhalb des 50% Fib-Retracement-Levels der jüngsten Aufwärtsbewegung vom Tiefststand von 16.579 $ auf ein Hoch von 18.493 $.

Auf der Abwärtsseite ist das Niveau von $17.200 eine starke Unterstützung. Sie liegt nahe dem 61,8% Fib-Retracement-Level der jüngsten Aufwärtsbewegung vom Tiefststand bei $16.579 auf den Höchststand von $18.493. Es bildet sich auch eine wichtige zinsbullische Trendlinie mit Unterstützung nahe der $16.800 auf der 4-Stunden-Chart der BTC/USD-Paarung heraus.

Sollte es einen Durchbruch unterhalb der Trendlinienunterstützung geben, könnte der Preis seinen Rückgang in Richtung der Unterstützung bei $16.200 ausdehnen. Der 55 einfache gleitende Durchschnitt (4-Stunden-Chart) befindet sich ebenfalls nahe der 16.200 $-Unterstützung.

Auf der Aufwärtsseite sind die Niveaus 17.800 $ und 18.000 $ die erste Hürde. Ein erfolgreicher Abschluss über den 17.800 $- und 18.000 $-Levels könnte den Kurs vielleicht wieder in Richtung 18.500 $-Level führen. Weitere Kursgewinne könnten einen Test der 19.000 $-Marke erforderlich machen.

Wenn man sich die Grafik ansieht, handelt der Bitcoin-Preis eindeutig in einem zinsbullischen Bereich oberhalb der Unterstützung von $17.200 und der 55 SMA (H4). Kurzfristig könnte der Preis einige Punkte korrigieren, aber die Haussiers werden wahrscheinlich in der Nähe von 17.200 $ und 17.000 $ aktiv bleiben.

Technische Indikatoren

• 4-Stunden-MACD – Der MACD zeigt positive Anzeichen in der zinsbullischen Zone.
• 4-Stunden-RSI (Relative Strength Index) – Der RSI liegt immer noch deutlich über der 50er Marke.
• Wichtige Unterstützungsniveaus – $17.200 und $17.000.
• Hauptwiderstandswerte – 17.800 $, 18.000 $ und 18.500 $.

BitPay en Travala.com Launch Crypto Travel Gift Card

BitPay en Travala.com werken samen om Travala-cadeaubonnen aan te bieden.

Cadeaubonnen kunnen worden gekocht met meer dan 30 verschillende lopers.

Wil je meer weten? Word lid van onze Telegramgroep en krijg handelssignalen, een gratis handelscursus en dagelijkse communicatie met cryptofans!

Het Trust Project bee Crypto Bank is een internationaal consortium van nieuwsorganisaties dat standaarden voor transparantie opbouwt.

Bitpay, een cryptocurrency betaaldienstverlener uit Atlanta, Georgia, en in bedrijf sinds 2011, heeft zijn krachten gebundeld met Travala.com, een toonaangevende cryptocurrency-vriendelijke reisreserveringsservice.

Er worden cadeaubonnen aangeboden die kunnen worden betaald in bitcoin en andere cryptocurrencies, evenals fiatvaluta’s.

.@BitPay en #Travala Join Forces to Launch Crypto Travel Gift Cards

Koop Travel Gift Cards met #Bitcoin en andere Cryptocurrencies met een 10% Korting, inwisselbaar voor meer dan 3 miljoen Travel Products Worldwide.https://t.co/5jG6EJOG5D

– Travala.com
🏨
✈
🏡 (@travalacom) 19 november 2020

De Travala-cadeaubonnen zijn inwisselbaar op meer dan drie miljoen reisproducten op Travala.com en kunnen worden gekocht met meer dan 30 verschillende cryptomunten, tot een limiet van 20.000 dollar.

Opgericht in 2017 en gevestigd in Chorley (buiten Manchester), is Travala.com een toonaangevende cryptocurrency-vriendelijke reisboekingsservice. Travala heeft zelfs zijn eigen inheemse cryptocurrency, AVA, die voor het grootste deel van november rond de $0.70 heeft gehandeld.

Naast Travala.com biedt BitPay ook betalingsdiensten aan voor andere cadeaukaarten, zoals die van Amazon, Apple’s App Store, Cineplex en Ticketmaster. BitPay biedt zijn diensten ook aan vele andere bedrijven aan. Een volledige handelaarsmap is te vinden op de website.

Ondanks de huidige Corona-geïnformeerde reiscrisis waren Juan Otero van Travala.com en Sonny Singh van BitPay beide zeer positief over hun partnerschap en de toekomst van het reizen in cryptocurrency:

„Reiscadeaukaarten zijn een product dat we onze klanten al een tijdje willen aanbieden, dus we zijn blij dat we een partner hebben gevonden in BitPay om het idee tot leven te brengen“.

Met Kerstmis om de hoek, en om een beetje kerstvreugde toe te voegen, biedt Travala een korting van 10% op de aankoop van Travala.com-cadeaubonnen voor het einde van het jaar.

BitPay’s reputatie

Sommige leden van de cryptogemeenschap bekijken BitPay negatief nadat het vorig jaar crypto-donaties aan de Hong Kong Free Press heeft geblokkeerd. Het blokkeerde ook een donatie van $100.000 aan het Amazone regenwoud brandbestrijdingsfonds.

De tijd zal leren of BitPay een deel van zijn reputatie kan redden als het zich in de reisindustrie begeeft.

The perma bullish opinion ECHO with Bitcoin content that dreams are made of.

In the traditional financial sector, Bitcoin (BTC) continues to be viewed with suspicion. Courageous avant-gardists such as MicroStrategy, Stone Ridge and Square venture out of cover and announce their Bitcoin acquisition.

An investment in „Orange Coin“ is more lucrative than any alternative

This year alone, the rate of crypto currency No. 1 rose by around 126 percent from 7,195 US dollars to currently 16,200 US dollars. According to the data from lookintobitcoin.com , there are hardly any chances of being in the red with a Financial Peak review investment.

Percentage of days a Bitcoin investment is profitable: 99.4%. Time to achieve 100 percent.

What is meant is reaching the all-time high. Logical, because as soon as Bitcoin cracks its all-time high of 19,600 US dollars, all investors who hold Bitcoin in their portfolio will write green numbers. For Hodler this will be the famous I-told-you-so moment.

Preston Pysh makes the Bitcoin professor

Bitcoin grows cyclically. Instead of simply climbing northwards like the proverbial rocket, the course follows boom-and-bust cycles. Why that is, hardly anyone explains as well as podcaster Preston Pysh .

But Professor … When you told me that Bitcoin was a pyramid scheme, you left out the part about the four year halving cycle and the two week Difficulty Adjustments …

Accordingly, the course reacts more strongly than previously assumed to the supply shock of halving the inflation rate. According to Pysh, it is no coincidence that the time between two all-time highs is almost exactly four years, and thus the same time span as the Halvings.

So if this happens every four years, we should be able to see that on the charts, right? Well, yes you can. Here is an example. The last all-time high (ATH) was on December 11, 2017 and the previous ATH was 1,477 days earlier.

That moves a lot in the DeFi – Uniswap, widely known for its repetition records, is back on track. This time it is its cash flow in full swing, surpassing 2.28 billion dollars. Meanwhile, the rest of DeFi continues its ascent and explodes the meters.

Uniswap and its UNI token

You probably couldn’t miss the news: Uniswap has unveiled its governance token. Uniswap has therefore joined the long list of DeFi platforms with a native token. This one will allow users to propose and vote the evolutions and modifications of the platform. The whole process is made possible by the UNI token, which grants these rights to its holder.

Unfortunately, it seems that in practice, the decentralisation of governance is only window dressing. Indeed, it is currently impossible to take part in governance, as had already pointed out by Andre Cronje, the creator of yEarn, the day after the UNI token was released.

In fact, a user who wishes to make a proposal for change must have a “ voting power „ of 10 million UNI tokens, or 1% of the total offer. Although this amount can be delegated by other users, it is still almost impossible to gather . In practice, only the centralised exchange platform Binance holds enough tokens to participate in governance. This puts Uniswap in a rather absurd situation, to say the least, where only its centralised competitor can take part in its governance.

+236% in 72 h

Of course, the yield farmers around the world could not miss this opportunity. Thus, the day after the announcement and before the start of the liquidity mining operation, Uniswap’s liquidity pools saw $500 million in additional digital assets flowing in just 24 hours .

A trend that has since been confirmed and has brought total liquidity to a peak of $2.16 billion on September 20, an amount never before reached. In total, liquidity grew by 236% in the space of 72 hours. Subsequently, the craze continued and liquidity reached a new record of $2.18 billion.

In total, the 4 pools of liquidity eligible for liquidity mining have already raised $1.667 billion. The suppliers of these pools share the modest sum of UNI 2.33 million per week.

The rest of the DeFi lagging behind

In parallel to Uniswap which is living its „best life“, the rest of the DeFi ecosystem continues its rise. Indeed, the total cash deposited on DeFi protocols has also just reached a new peak, currently totalling $11.11 billion.

Since its launch, the price of UNI has stabilised at around 4.20 dollars. The price of socks made by Uniswap has exploded to over 10,000 dollars. The hype is back at Uniswap.