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Libra

A Glass Of Red On The DailyMeanwhile in Satoshi's land things are running smoothie. It's 4pm, and in the grand scheme of things, a glass of red on the daily keeps the doctor awaily. Contemplating the other side where Braindead bots are running out of Steem, Just 40 minutes ago he spat out his Mccoffee watching Dead Alive 2, a chinese remake of the classic zombie horror comedy. It's 4:20 now and he's scrolling down Facebook: Traders driving sideways in an Opel CaLibra. People trying to catch a fish with a fork on a Ripple. Stories about who is Wright and who is wrong, Laughing so hard that if he would wear boxers would have already peed his Calvin Kleinman. Time for a nap, until next time, I will be Bakkt
BITSTAMP:BTCUSDLong
by Bitconiano
246
Is this the end of XRP?Are we fucked? Ripple is taking too long, other big tech companies are seeing what cryptocurrency can do, and now we have the zuck trying to be the big global leader. Facebook cryptocurrency is also reportedly supported by: Blockchain Coinbase – cryptocurrency wallet and exchange platform BisonTrails – infrastructure-as-a-service company. Its platform enables a variety of features including staking, validating, voting, transacting and securing blockchain protocols Xapo – cryptocurrency custody provider Anchorage – custodial service for digital assets E-commerce Ebay – e-commerce corporation that enables consumer-to-consumer and business-to-consumer sales through its website Mercado Pago (MercadoLibre) – Argentine e-commerce site incorporated in the U.S. with an online marketplace and auction Farfetch – online platform for luxury fashion Investment firms Andreessen Horowitz – venture capital firm founded by Marc Andreessen and Ben Horowitz Union Square Ventures – venture capital firm based in New York City Creative Destruction Lab – seed-stage program for scalable, science-based companies Ribbit Capital – venture capital firm that invests in early-stage companies Thrive Capital – venture capital firm focused on internet and software investments Nonprofit Women’s World Banking – uses a network of 40 independent micro-finance institutions and banks provide support to entrepreneurs in the underdeveloped world with an emphasis on women Kiva – 501 non-profit organization that allows users to lend money to low-income entrepreneurs in over 80 countries through its platform Mercy Corps – global humanitarian aid organization that provides support to regions hit by disasters, whether they be economic, environmental, social or political Payments Visa – payments technology company Stripe – technology company where businesses can send and receive payments over the internet PayPal – operates a worldwide payment system PayU – assists online businesses with accepting and processing payments Mastercard – global payments provider Ride-share Lyft – transportation company that offers ride-sharing Uber – ride-sharing platform Social Media Facebook (Calibra) – subsidiary Facebook created for Libra Telecommunication Vodafone – British multinational telecommunications company Illiad – French provider of telecommunication services Booking Holdings – provider of online travel
BITFINEX:XRPUSDShort
by RickH1710
1
Pay attention to those levels for BITCOIN.There is a clear pattern going on here! Let's take a look at the downtrend channel first. We had something similar in the previous correction, which was if possible, sharper than this one. Th e previous one had 2 big waves, while now we already completed 3. MACD and RSI and VOLUME signal a bigger support for this second pattern, rather than the first one. In fact, RSI touched for the first time since june the oversold region, and volumes are really high around the 9.000$ area. Graphically, we can safely state that we have a local minimum if we break the downtrend channel, and trade above 10.000$ for a couple of days. It's most likely to see new highs if we break the UPTREND or even better, FOMO line, while a retest of 8000$ is likely if we break the Big support.
BITSTAMP:BTCUSDLong
by BFCMInvest
2
Bitcoin AND the Libra Hearings! This will indicate the future.While some are saying that these declines are corrections, others say its a bear market.. but, I say it has a lot to do with the recent threats of cryptocurrency regulations and the Facebook Libra hearings. Keep an eye out, because Libra was put on pause until Facebook can be grilled about Libra. Libra isn't the issue, but regulations are. Just like stock markets decline on Fed Minutes, earnings, jobs reports... the crypto market is also awaiting these hearings. I suggest to get out of the markets until there is a clear decision made on Libra and proposed regulations. If Libra gets the green light, get in, because the entire crypto market will definitely rise back up. If they decide to ban Libra, and regulate.. for SURE we'll see new lows. If you're out of the market, you'll be safe. Let's hope the Financial Senate Committee. Unfortunately, the first day of the hearings weren't great as headlines read "Senators aren’t sold on Facebook’s Libra project".
COINBASE:BTCUSD
by WorldEconomics
1
Facebook Libra & BTC: Crypto Is Under Attack!Hello dear FB & Crypto fans, hope you're doing well guys! US Treasury Secretary Steven Mnuchin held a press conference yesterday basically stating that they won't allow crypto entities to 'operate in the dark', attacking Facebook for the creation of Libra. While he is officially giving 'money laundering' and 'the war on drugs' as a reason, everyone knows that it goes much deeper into the core of money creation itself. As Lord Rothschild once said: Give me control of a nation's money and I care not who makes the laws.” => The fight is on between the Silicon Valley elite vs. the old money elite in the form of the US Government & the FED. Luckily for us, dear crypto friends, Bitcoin doesn't have any headquarters! ;) First they ignore you, then they laugh at you, then they fight you, and then you win! CRYPTO FOR THE WIN. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
F
by Edgy_
7
Posible escenario para Bitcoin, LIBRA INFLUENCIANDODavid Marcus, el jefe del departamento que administra el proyecto Libra en Facebook, pronto tendrá que declarar ante el Comité de Bancos del Senado y el Comité de Servicios Financieros de la Cámara de Representantes de los Estados Unidos. Las audiencias están programadas para el 16 de julio y el 17 de julio, respectivamente. Antes de la sesión, Bitcoin mostró una caída de valor de $ 3,000 en tan solo cinco días, y actualmente, se está negociando a un precio por debajo de $ 10,000. La criptomoneda de Facebook Libra, anticipada a principios de 2020, ya demostró un efecto correlativo sobre el precio de Bitcoin. La evidencia llegó cuando BTC saltó a la marca de $ 13,800 de $ 9,000 en poco más de una semana después de que Facebook publicara el Libro Blanco de Libra el 18 de junio. Según proyecciones recientes, Libra podría aumentar las posibilidades de que Bitcoin alcance el umbral de $ 100,000 para el 2021 .
BITMEX:BTCUSD.PLong
by MarioYunis
Cardano seems ready for a bounce upNot the best moment for ADA so far... ADA had a great run at the beginning of march, and then it struggled in breaking the 0.10$ mark. However, both Bollinger bars and the long term trendline are screaming BUY. It could be a safe mode to get in around 0.078$ and close in the case of a clear break of the 0.07$ level. The take profit could be in the area of 0.095$/0.10$. Let us know your opinion on this! BFCMInvest Our website: www.bfcminvest.com Our telegram: t.me
Long
by BFCMInvest
Facebook’s LIBRA Fuels the Fire for BitcoinBitcoin is Re-born and Continues to Race Towards New Highs with Facebook LIBRA’s Reveal As predicted in our previous post about BTC/USD, the price remains bullish. However, the buyers are on the dominant side here because of the launching of Facebook’s LIBRA. LIBRA brings new hope for cryptocurrencies to be raised. The last rally happened due to the giant, social media Facebook, revealing the details of its cryptocurrency LIBRA. Some of the excitement about LIBRA is that it allows people to purchase things and send money with almost zero fees. The main difference between LIBRA and the other cryptocurrencies is that official financial organizations, such as MasterCard, Visa, and PayPal are supporting LIBRA. The fact that leading Financial Corporates are expressing trust in this or any Cryptocurrency Project affects all the other cryptocurrency markets. Hence, the main reason for the last rally in the BTC/USD price. If we look at the 1W chart, it shows that in the long term the price is on its way to reaching the $20,000 zone. We predicted this in our previous BTC/USD post. Below, there is a fresh (untested) demand level, as marked on the 1H chart. This fresh demand seems like an excellent level to buy at and to join the bullish momentum. If the price retraces that level, we can look for another confirmation as a MACD Divergence or maybe a Candlestick pattern in the lower time frames (15M or 5M). A confluence between the demand and one of these two will be a very reliable setup for buy position. The long term target remains a historical record of the BTC/USD price, which is at $19,500.
BITSTAMP:BTCUSDLong
by the5erstrading
BITCOIN One Month Will History Repeat to $20k + ?We can see $BTC has finally woken up and no where is it more evidently bullish than if we look at the one week chart. I find that the circled areas are mirroring and even below the circles are mirrored. Some look for patterns in the chaos, are we seeing past action predicting the future movement? We are seeing many weeks of the same movement as we saw before. If this continues, will we see the one week candles go big again - PAST 20k? I've numbered 1-4 the past candles and the future possible. This cup that has been forming all year long has finally taken off. The second great indication is that it has finally broken through the ichimokmu cloud after hibernating below it for so long. Finally, the MACD and AO indicators are bullish as well, especially the MACD which seems to be continuing along the same path the other indicators have laid out. But why is this happening after such a long slumber? We needed a catalyst. Is the Facebook Libra news enough to get past the institutional money making moves? Will we see new money and new interest in crypto come back after the long winter? If we do, will that new interest move into secondary and tertiary coins? This is most definitely NOT financial advice. Please don't sell your house or kid's college fund! Don't forget to comment and like. Follow me on Twitter @ashlandweb
COINBASE:BTCUSDLong
by bingong
1
IN DEPTH: Will Facebook's Libra-Coin Revolutionize Bitcoin? Anyone heard about a certain Facebook Coin lately?? Yeah, we did too.. D4rkEnergY is once again back to spread Love and Wisdom to the Crypto Community. This time we will try somehting new, and we will combine a BTC-analysis with some Fundamental Analysis about Facebook's new Coin Project Libra. This might be huge, or will it? Brief Project Analysis: Libra (Facebook) TL;DR: - Libra will serve the mass market as a stable coin backed by a basket of various fiat currencies. - It will be the single largest bridge toward decentralized finance ever built. - Potential to help millions of people avoid middlemen fees. - Relative to Bitcoin or Ethereum, Libra isn't a 'real' cryptocurrency. - Relative to fiat currencies, Libra is very much a cryptocurrency. - It's built on an actual blockchain, most of the components are open-source and can be built on in a permissionless way. - Has potential to become a medium-term replacement to any single government fiat currency. - Plans to gradually become “moderately decentralized” decentralize with time. The Overview First of all, let's all try to zoom out for a second and realize how far we've come as an industry. Some of the most influential companies in the world are starting to enter the cryptocurrency space. Latest entrant is Facebook, who are launching their own cryptocurrency Libra. The release of the Libra Network will have tremendous effect on adoption, as they are seeking to create a peer-to-peer global economy that can scale to their 2.38 billion monthly active users. Facebook will likely act as a form of 'green light' for others who might have been wary of the whole cryptocurrency space. Facebook have been clever enough to create the Libra Association; a governing consortium made up of regulated entity partners who will provide the front-end platforms (onramps and off-ramps). As a result, Facebook is not required to become a financial entity. Think about it for a second... Facebook has such a tremendous global reach, that if they manage to pull this off, a globalised currency running in parallel to other local currencies in every single country in the world, Facebook would become THE biggest, global central bank of the entire world. Over the short and medium term, Libra will be able to capture marketshare and onboard literally hundreds of millions of people, who will be moving partially away from banks, and towards decentralized finance. It is arguably a bigger threat to the status quo of fiat more so than true crypto. But how is it possible? Are governments going to allow something like this to happen? Something as unprecedented as a private tech giant, creating their own world currency? Time will tell if they can actually do it. Potential Losers? Without a doubt it’s traditional financial entities. Large finance companies that have shown serious public interest in blockchain adoption are relatively few. Now, the implications for people like you and I who might find ourselves using Libra in the near future, we should definitely not expect privacy or the true borderless standard that wee are used to with most cryptos. The governing consortium can explicitly block or revert any transaction. There's also the fact that they will likely require KYC from all users, which now gives Zuck access to our documents and financial transactions. Is a company that has been factually proven to store users passwords in plaintext and battling serious trust issues with regard to privacy, capable of being in charge of our finances via a "cryptocurrency"? Prominent voices in elected positions would gladly see them broken up. Risks to Libra: Token price pegged to a basket of fiat based currency, such as the case with Libra, brings instant value and trust at least in as far as those currency’s Governments hold trust. But long term views show that this trust may be misplaced. We don’t have to look past 2008 for examples of how the inflation effects any major fiat. Some of the Association Partners: - Coinbase - Stripe - Xapo - Paypal - Mastercard - Uber - Lyft - Spotify - Ebay - Anchorage - Vodafone - Andreesen Horowitz - USV (Union Square Ventures) - Thrive Capital What do you think? Will it have any affect on Crypo Currency and Bitcoin? Will we see the Marketcap rise? D4 Loves You <3 And remember to give a LIKE, if you appreciated the content! Thanks in advance.
BITMEX:BTCUSD.PLong
by D4rkEnergY
4
Top 3 assets to sale, Libra, Trump and PowellDescribing yesterday cannot fail to mention that the markets are still following the current trends. The short dollar is one of them. The Fed's policy was criticized by Mr. Trump again. Also, praising himself Tump could not but notice that June may be turn out to be a fruitful one. The pressure that has been put on the fed carries a goal, the achievement of which is leading to dollar decrease. A sharp easing of monetary policy in the USA could hit the dollar a lot. Fed's interest-rate cut is leading to the short dollar. The USA and Iran relations are particularly fraught, against this background, gold became one of the main "beneficiaries" and settled above $1,400 ( has reached a peak since 2013). Nevertheless, we believe that the current price is a deviation from the norm than an adequate and fair price of gold, taking into account the facts available, rather than expectations and rumors. So, gold selling strategy seems to us quite an interesting and promising one. But you need to be aware that sales are at odds with the current market will, therefore, set small stops. Another interesting and promising position is the sale of the ruble. The information that Russia is planning to spend tens of billions of dollars from the Welfare Fund to revive economic growth (despite the fact that the Fund’s size is already falling rapidly: if its size exceeded 75 billion in 2017, it was less than 59 billion in June 2019). Especially when you consider that last year the Reserve Fund of the Russian Federation was exhausted (more precisely, it was formally attached to NWF, but it changes nothing). The lack of financial resources is so strong that most inviolable stocks are used. And if the oil drops below 35-40, then there will be simply nothing to protect the ruble with. And the last one but not the least one asset for sale is cryptocurrency (in this case it does not really matter what you will sell Bitcoin, Ripple, Ether or something else). Libra cryptocurrency has injected new vitality into the cryptocurrency market. At least, the current price for leading cryptocurrencies and their dynamics so far are clearly hinted at this. We have already noted that we do not share this optimism. In our opinion, no revolution has happened. Libra is a cryptocurrency and electronic money hybrid, rather than a cryptocurrency. Libra will have both an issuer, regulation, and security (all this contradicts the essence and basic concept of Nakamoto). So the current surge in prices on the cryptocurrency market is a great opportunity to make money on sales. But again, do not underestimate the " crowd madness" and should be ready to move against the open position and being "underwater". Today we are waiting for the real estate market, data on business activity and consumer confidence statistics to be announced, as well as Mr. Powell's speech. Our trading preferences for today: we will continue to look for points for sales of the US dollar against the Japanese yen, euro, and pound. We continue to wait for the correction in gold and look for points for its sales. And also we will actively sell the ruble both on the intraday basis and the medium term position.
FOREXCOM:XAUUSDShort
by Trade24Fx
1
Bitcoin - Weekly update for Sunday June 23, 2019Hello my fellow Bitcoinistas! The week was a heck of a ride was it not? I know we still have a couple hours to go before this week's candle official closes but I'm going to go ahead and call this a green week. lol. For those of you following my work you already know this chart pretty good. For those that don't you will notice that after the previous breakout (yellow left) Bitcoin experienced SEVERAL weeks of bullish price increases before taking a break, then resumed again, and again, and again until finally topping out around $20K. We appear to be in the same pattern. Breakout, touch-back, red week, engulfed by green week, followed by many green weeks to follow. You can of course short this if you want, but I believe those still calling for $6K and especially $3K are just smoking crack or some other illegal substance in my opinion. Can you make money on the short side too? Sure you can if you are a friggin trading ninja and are well skilled at snatching raw chicken out of the mouths of alligators. But go ahead, try your luck. You may be the ONE. :0) Why fight the trend? Look at the 20/40 weekly moving average cross on the right of the chart. It crossed on June 2nd and just keeps expanding. To get those averages to uncross right now somebody would have to crack Bitcoin and ruin it for everybody forever. Really, it would take a complete failure of Bitcoin to get prices to come back down that far right now and uncross those averages. Look at the same averages on the left of the chart. Look at how long they held up under the last bull run. It takes a lot and a long time to uncross these averages once they cross over bullish. The top of the 20 week MA, right now, is about $6K, just to touch it. Do people really think we are going to undo all the progress of the past few weeks in just a few hours, days, weeks, etc. and break below $6K. Really? Again, it just tells me that crack is cheap right now and all the Bears are smoking it. We may not hit $20K next week but we ain't hitting $6K either. The odds and averages say we are going higher long term not lower so don't buy the BS. What is driving this? For me it is what is has always been. The scarcity and security of Bitcoin as a store of value. Like physical gold, a place to park your savings and wealth so that it does not loose purchasing power over time. Has anybody that bought gold or BTC lost their purchasing power from 10 years ago? I don't think so. If anything it has increased tremendously, especially for BTC. This is what people want in sound money. Limited supply, no government control, no unlimited printing, secure, easily stored, easily divided, easily transported, easily transferred, and cannot be counterfeit. Bitcoin has ALL the benefits of gold and several benefits that gold does not have. You can't make a Gold watch with Bitcoin, but you sure can buy a very nice gold watch with Bitcoin. Rolex anyone? :0) What else is driving Bitcoin right now? The financial industry, Facebook, and the public awareness that brings. In short, the Facebook news about Libra is a good thing for Bitcoin. It validates the idea of crypto and brings awareness to those sitting on the fence. The big difference is that Libra will be tied to fiat currency value and other debt instruments. All the crap that is NOT associated with Bitcoin. People argue "But Libra will be stable" That may be true. Libra may achieve the goal of always being worth about 1 dollar or 1 whatever the unit may be. Here's the rub. Over time whatever cost you 1 Libra today may cost you 10 or 100 Libra later. It will lose purchasing power over time just like all the crap it is supposed to represent. How is Bitcoin different? It is actually a form of real MONEY, not just a currency. The value of Bitcoin when compared to all other currencies will continue to rise in those units as those units continue to race towards zero. All fiat currencies eventually get reset and go to zero. History is littered with dead currencies, not money, currencies. We have been taught that green toilet paper is "money" and it is NOT. It is fiat currency printed by the government in unlimited quantities and dilutes all those green pieces of toilet paper that were printed before them. We all need to recognize the difference between what is sound money and what is just a currency. When you can figure out the distinctions you will be in a much better frame of mind as to were to invest your labor. At any rate, that is my rant for this week. I'm still bullish on Bitcoin and plan to be so for quite some time. The halving is coming up next year and the projected stock to flow ratio puts BTC at no less than $60K at that time. Is that a guarantee? We won't know until we see it. Nothing is a guaranteed in life. Everything is a risk. But for me, being long on Bitcoin is a risk I am willing to take. Especially when I compare it to all the other options available. Gold, silver, and Bitcoin, the only real money I am currently aware of. I said "money" not assets, currency, valuables, etc. I said money. I hope this week treated you right and you put many more more Satoshis in your pile. If you were a Bear, sorry about your luck. For the right price you can come collect your skins. They are on the floor in front of my fireplace right now but I have more than I need. Please come buy them back, I'm trying to get rid of them. :0) BBS out! Oh yeah, I almost forgot. If you like these updates and feel they are worthy of a thumbs up I would certainly appreciate it? Thanks in advance.
COINBASE:BTCUSDLong
by BitcoinBearSlayer
4
Bitcoin and the LibraRecently, Facebook announced the introduction of the 'Libra', a new crypto-currency that is intended to make e-commerce more simple. This is not the first time that a currency has been developed with third-world nations in mind as powerful companies and organisations race to capture such an immensely untapped technology market that will be online within merely a few decades. Such an example is the partnership between the Bill and Melinda Gates foundation and Ripple (XRP) to bring populations online, who do not have access to modern banking. However, never before has a crypto-currency been independently promoted by a more influential party as Facebook. This will bring the concept and idea of crypto-currency to the entire world as more than half of the global population that have access to the internet, also have Facebook accounts. Adoption of decentralisation has never been, and will never be stronger than right now. Despite this, many incredibly large parties have endorsed, used, and supported countless crypto-currencies in the past and the question everyone is asking is, "How this will affect Bitcoin or the rest of the Crypto-currency market?" The very existence of the Libra should make the world wonder why Facebook felt the need for a new currency. Is the US Dollar not good enough for Facebook? The relationship between the strength of crypto-currencies is strongly affected by the failures of government-backed currencies and the announcement of the Libra has already stirred collective government voices of disapproval. The ground beneath Fiat currency is feeling earthquake tremors. Simply put, the addition of Facebook's 'Libra' crypto-currency will only bring more attention, confidence, and trust to the decentralised asset movement.
BITSTAMP:BTCUSDLong
by GrantPeace
2
BITCOIN - BTCUSD Bearish Short Term - Here's Why! SHORT 1HRHere, I will make the case that Bitcoin is heading lower in the near term. First, a rising wedge (in red) developed but has yet to complete the pattern. The fall would be equivalent to the height of the wedge. (See blue arrows) If completed, the price would decrease to around $8670. To compliment this bearish potential, the final shoulder of a bearish head and shoulders pattern is developing. Measuring the height from neckline to the top of the "head" (see green arrows) and Bitcoin could see a drop equivalent to this height... around the $8430 area. This could precipitate a falling wedge pattern... and potentially a bigger move up in the future. For now I am watching out for short term bearish action... and paying close attention to a break above falling resistance.
COINBASE:BTCUSDShort
by UnknownUnicorn924366
4