Please click the link to listen to the 34th episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.
Two Minute Crypto – Bitcoin The King -Are you a Rebel? (Part 1 of 3)
Welcome to Two Minute Crypto – today I’d like to pose a simple question -Are you invested in BTC?
Binary yes, no situation. If yes, all good you can move on to another podcast now if you like. If no stick around. Full and obvious disclosure, I hold Bitcoin –
I have had to modify a little bit my EW-count with the last BITCOIN movements which is currently correcting strongly after having reached another new High of the year.A totally expected movement after the explosive rise of the last days to be honest.The following chart was the former one on which I was working on:
Essentially I thought that BITCOIN have finished already the 3rd wave up of the green 5-waves up but seems that, instead of correcting on 4, it just kept moving a little bit erratically sideways and slightly upwards… and that was fine because If I try to
Bitcoin spiked to approximately $5,500 before breaking down as low as $4,980. It’s currently trading around $5,550.
In today’s analysis I discuss where price may be heading next, how I’m planning to trade, key areas to watch and so much more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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According to Luke Nosek (Co-founder of Pay Pal) – PayPal mission was to create a form of digital money that would live on the internet and move across borders, independent from banks and government. This mission failed to materialized after oppressions and regulations forced the company to restructure its plan and operations, exposing the side-effect of a decentralized move with a body of pioneers who could be identified or held responsible.
In today’s digest, I will write a short briefing about why it is disastrous to have a central point of governance in a mission-focused decentralized establishment before we look into some recent updates.
One of the mysteries surrounding the creation of Bitcoin is why the pseudonymous creator under the name “Satoshi Nakamoto” never revealed himself and later disappeared into thin air after few years of nurturing his juvenile creation poised for something great. Looking at the whole picture more logically, one would realize Satoshi decision to maintain this status is a very smart move.
Hardly, there is no establishment that could never to subjected to government rules. As mentioned above with PayPal. Identified individual leader of an autonomous organization is a weak spot that could easily be attacked by the sovereign power if such establishment begins to pose any threat to their authority.
Now, the question is; should blockchain projects with a decentralized mission have a central governing body?
Asking this question, what quickly comes to mind is; how could there ever be a system or product without its designer(s)?. Well, it quite impossible. As far as the human understanding can comprehend “there is no creation without its creator”. So, how could a true decentralized move be established?
In my own view, a blockchain project with a focus on building a decentralized ecosystem hosting of dapps and fundraisings like Ethereum, EOS, and co may maintain a structure of a central governance in the core product development, but should try as much as possible to maintain a distributed network of nodes(actual system hosting database) with no central control or access.
On the other hand, any blockchain project whose mission establishment is to provide an alternative means of money in payments and settlements would have a hard time surviving under the nose of the government and so should try as much as possible to remain in the background.
The ability to print and control money supply is a precious mantle of power wielded by the governments, in that knowledge; Satoshi disappearance gave a good chance to the survival of Bitcoin to potentially “change the world”.
The notion of a cashless policy was actualized by the introduction of credit and debit cards. The ease of having your entire savings no matter how big or small directly linked to an 8.5cm plastic flat card is so admirable. It has revolutionized how we handle money. Bringing about new niches in existing businesses. Online businesses were benefited the most. Providing a win-win situation for customers and businesses.
As a process which relies on the use of software and protocols including the internet, it would make a perfect fit to establish additional territory by propagating the use of digital currency or cryptocurrency in payments.
We have seen different kind of project propose or implement this solution, but only a few get fairly adopted.
Busting over the net in recent reports is the Coinbase introduction of a Visa debit card which is able to allow a user with an account on Coinbase spend his cryptocurrency holdings with the exchange in different shops. Read the bullish news now on Coindesk.
EOS to the gig hustlers’ rescue.
If there is any industry that urgently needs the application of blockchain in its operation then, it is the freelance industry. Service providers are been cheated in a lot of artistic ways.
There is a deduction fee of up to 25%.
Payments of work done take some while to be received.
There is an absence of a fair level of exposure.
Blockchain through proper implementation can address the above-mentioned challenges.
By its funding capabilities and development of a scalable efficient system, EOS took part in a recent funding round conducted by Moonlighting to continue aggressive development of its freelance platform. This move prompted Moonlight to strike another big deal by moving its 700,000 freelancer profiles to the EOS network with individual profile getting linked from the EOS system to the Main database through hashes. Read the in-depth report now on Coindesk.
Other updates in the news
Mozilla beta version of Firefox now blocks web-based cryptojacking.
PewDiePie to begin streaming on the blockchain-based video hosting provider Dlive from April 14.
Telegram launched the private beta of its open blockchain network.
Put some grin on your cheek with this meme as I conclude this digest.
This meme is sourced from a discussion post on Reddit.
Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest. Cheers 🙂
Disclaimer
The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.
I have been trading Forex for the last 4 years. One of the easiest pairs to trade is the USD/JPY. If you want to know where it’s headed next, just pay attention to the S&P 500. The Japanese Yen is a safe haven currencies, so if the S&P 500 is going up, it means a risk on environment and so the USD/JPY should go up. If the S&P 500 is going down, it means a risk off environment and so the USD/JPY should go down.
Still, Street consensus favors a continued rally in the currency pair. According to RBC Capital Markets,
The migration is beginning. I know that we are on Steem and WLS nd DLive left Steem to go to their own blockchain, but this is not about a single entity completely. This opens the doors to Dlive, but ALSO opens the door to crypto, blockchain, tokens, chains, p2p, cross chain transactions, etc. The list goes on and on.
Google and Youtube just lost their Star Player to a newer, faster growing company. It is possible that the
I’m still busy catching up my slightly behind schedule “Index” posts for 2019. I published my first one for the year on 27 March, and true to my “when I feel like it” publishing schedule, here is the second one of 2019.
For those of you new to my Index posts, this is how they work: I give the post titles hyperlinked to the original posts. Each post has a small description, perhaps with a little feedback of how a prediction went or what changed since I wrote that post. Each Index links to the previous Index and at the end
Most basketball fans love arguing about who ranks where among the game’s very best, but few actually commit to a list of the top players ever. So several years ago, the 50 greatest players in history.
I believe in the Crypto space, there are like 1000 tokens/coins out there. Many will fail and only the strong will survive. So in my head I started putting together a top 50 tokens/coins and EOS made the list easily.
EOS is the sixth largest cryptocurrency on CoinMarketCap and according to AMBCrypto, EOS set a new record for the most cryptocurrency actions processed in one single
A draft proposal from China’s economic planning commission labels bitcoin mining as an industry that needs to be “eliminated.” But even if finalized in its current form, this would not automatically amount to an outright mining ban.
While local governments are supposed to follow the commission’s guidance, to take action against an industry they need a basis in the laws of the state, not industrial policy.
Further, there are past examples of “undesirable” industries that were eventually recategorized because phasing them out was found to conflict with local interests.
Seizing on this, miners are arguing that eliminating their industry would also conflict with local interests, in part because they soak up excess electricity that would otherwise go to waste.
International Monetary Fund (IMF) managing director Christine Lagarde has said that blockchain innovators are shaking the traditional financial world and having a clear impact on incumbent players.
Lagarde made her comments in an interview with CNBC on April 10, following a panel devoted to “Money and Payments in the Digital Age,” as part of the 2019 Spring Meetings of the World Bank Group and the IMF in Washington, D.C.
Contributors to the preceding panel, which Lagarde moderated, were co-founder and CEO of crypto finance firm Circle Jeremy Allaire, Sarah Youngwood — chief financial officer of Consumer & Community Banking at JPMorgan Chase — the European Central Bank’s (SCB) Benoît Cœuré, and governor of the Central Bank of Kenya (CBK) Patrick Njoroge.
Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency. The development was announced in a blog post published on April 10.
The Coinbase Card is a Visa debit card powered by customers’ Coinbase account crypto balances, which allows them to make purchases with digital currencies worldwide. Coinbase instantly converts customers’ cryptocurrency funds into fiat currency in order to complete the purchase.
Coinbase also released the Coinbase Card app for iOS and Android, which links customers’ Coinbase accounts with the app and allows them to choose a particular wallet to fund their Coinbase Card. The app additionally provides access to receipts, transaction summaries, spending categories, and other features. The card reportedly supports all digital assets available to purchase and sell on the Coinbase platform.
Facebook is harvesting our data. Cameras track our movements. In New York, landlords want to replace your keys with facial recognition technology. AI, deep fakes, phishing attacks—every day the world looks more like Black Mirror.
Enter the EFF. The Electronic Frontier Foundation, founded way back in 1990, is a non-profit watchdog for “defending civil liberties in the digital world.” They do a mix of advocacy, policy analysis, legal work, and reporting. Their site includes recent stories like “To Search Through Millions of License Plates, Police Should Get a Warrant,” and “Your Fourth Amendment Rights Should Not be Limited by Terms of Service.”
What are some privacy violations that most Americans aren’t thinking about? You don’t have to travel far from home to find egregious, systematic privacy violations. Right now there’s a bill in Oregon that’s a kind of pay-per-privacy thing that would incentivize you to sell your health data. It’s bad. And in the mainstream media, people are finally talking about how the first citizens in the United States who experience surveillance techniques tend to be low-income, marginalized communities.
The NEXT.exchange CEO and COO will be holding their first Reddit AMA.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Nothing really special on the STEEM, we are still consolidating around the support line at 0.49$, sometimes lower, sometimes higher. We need to wait a real break out to know the next direction that the STEEM will take. Let’s keep a eye on the BTC also because it looks like the STEEM is directly impacted for any little drop from the BTC, for the UP it is another story…
And it did both as mentioned in yesterday post. Limited upside to 5600 even if it break 5400 and then pullback breather. Currently still consolidating within the ascending triangle. Let see if the bottom of the triangle will hold. Still bias for it to breakout downside.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :113
Total marketcap :177
Dominance :51.8
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
