Tuur Demeester: Bitcoin is like Amazon, Ethereum only ...

DON’T PANIC. The Guide To The Current Situation In The Cryptogalaxy

DON’T PANIC. The Guide To The Current Situation In The Cryptogalaxy
In the last month, the world markets are experiencing dramatic events. In light of the coronavirus pandemic, an economic crisis is unfolding in the world. Because of quarantine actions across the world, many manufactures and non-food stores are being closed, the level of product turnover is falling. Small and medium-sized businesses suffer huge losses due to downtime, the unemployment rate increases and the purchasing power, in the opposite, decreases.
The value of the CBOE VIX index, reflecting the level of market volatility, increased the value to 82 points, for comparison, during the 2008 crisis, this index did not exceed 80 points, and in recent years it has been held at the level of 15-25 with peaks up to 45. Against the background of total panic among investors, on March 30, Brent crude updated the minimum of November 2002, falling to the level of $22.6 per barrel. The S&P, Dow Jones and Nikkei indexes are critically losing their positions. Experts note that the downward trend began even before the announcement of the COVID-19 pandemic, but the spread of the disease played a crucial role in the crisis increase.
by StealthEX
At the same time, digital assets also found themselves in a zone of turbulence: in the middle of the month, the price of bitcoin fell to $3800, followed by the price of altcoins. Panic sale leads to a chain reaction, many investors are getting rid of the cryptocurrency which is considered a risky investment, and the price of coins continues to decline.
The cryptocurrency market highly depends on what is happening in the world, so it will strengthen and continue to grow only when the situation with the pandemic becomes clear and less unpredictable. Therefore, the main task at this stage is to maintain composure and don’t give in to emotions when making decisions.
Despite the extremely uncertain situation, most analysts now give fairly favorable forecasts. Judging by the latest fluctuations in the exchange rate, the cryptocurrency market has come out of an uncontrolled fall. In their opinion, we expect a long flat with a slow trend of price growth against the background of halving. Despite bearish trends and skidding at $6,500, at the close of the quarter, bitcoin was able to hold above the important support level of $6,400. Michaël van de Poppe, a cryptanalyst of the Amsterdam Stock Exchange, believes that now bitcoin is in the stage of consolidation and will gradually pay off in the next 4-6 years. Tuur Demeester, analyst and founder of Adamant Capital, suggests that holding the $6,300 level could be a key resistance level before the bull market can resume.
Similar dynamics are predicted for altcoins, which maintain a high correlation with the first cryptocurrency.
Here’s what the quarterly charts for BTC, ETH and XRP look like:

Bitcoin chart for 3 months. Source: CoinGecko

Ethereum chart for 3 months. Source: CoinGecko

XRP chart for 3 months. Source: CoinGecko
Also, experts in cryptocurrency research believe that the current situation in the oil and stock markets can have a positive impact on digital currencies. WTI oil, like Brent, fell to the level of 2002, trading around $20 mark. Black gold continues to look very vulnerable as well as the prospects for the oil market in general.
At the end of the first quarter of 2020, the bitcoin exchange rate decreased by 13%, but in comparison with traditional stock markets, the first cryptocurrency showed more successful results. The S&P 500 index, which includes shares of the 500 largest companies by capitalization, fell 19% to 2,584 points. This is the worst figure since 1938. President Trump’s proposal to allocate $2.2 trillion to support the American economy is criticized by many economists as leading to more problems than offering a real solution. They consider hyperinflation as the most likely scenario for the next year.
Since cryptocurrencies are not subject to inflation and are not in control of governments and banks, many predict that digital assets will be popular as a tool for hedging risks.
Earlier co-founder and CEO of Gemini exchange Tyler Winklevoss stated in his twitter:
https://preview.redd.it/xc61jsazlls41.png?width=768&format=png&auto=webp&s=06084bd6d511f93da4c485cd7eb3281566f2c4cc
The founder, head and CEO of the Galaxy Digital, Michael Novogratz, also believes that cryptocurrencies with mathematically limited emission could be a safe haven in the face of inflation.

Peter Brandt called the current crisis a “perfect storm” and noted that it could be a crucial period for Bitcoin. It is at this point that the coin can reveal itself as a protective asset and grow in price. In his tweet of March 23, he also advises treating cryptocurrencies as insurance policies rather than investments.
Trading volume on 22 popular crypto exchanges increased by 61% in the first quarter compared to the previous one — to $154 billion.
In March, major cryptocurrency exchanges recorded a sharp increase in the number of new users. Pierre Richard strategist of the Kraken exchange believes that people who are concerned about the futile efforts of the authorities to contain the crisis against the background of the pandemic feel the need to leave the centralized financial system.
With other positive aspects, we should not forget that cryptocurrencies remain extremely susceptible to manipulation by major players. That collapse, which we experienced in the middle of the month, allowed corporations to buy coins at an extremely low price and, in fact, nothing can prevent them from attacking the market in the future.
Whatever happens on the market, you can always exchange coins at StealthEX as we always have unlimited exchanges without requesting personal data. A large number of currencies available for exchange will allow you to create your investment portfolio in the most suitable way for you.
Original article was posted on https://stealthex.io/blog/2020/04/09/dont-panic-the-guide-to-the-current-situation-in-the-cryptogalaxy/
submitted by Stealthex_io to StealthEX [link] [comments]

Will the next Bitcoin halvening lead to a price boost ?

Will the next Bitcoin halvening lead to a price boost ?
Hi, Traders ! Monfex is on the air !
While Bitcoin demonstrates a short-term weakness, the talks around the next halvening are not tailing away.
https://preview.redd.it/q0p9zqmcr3y31.png?width=1188&format=png&auto=webp&s=94d16a6602fd87acfa3ef2040dd0ee7c037decde
* Based on the analysis of Bitcoin's prominent investor and analyst Tuur Demeester, Bitcoin market would require $2.9 billion of investment influx to keep the price above $8,000 ahead of the next halving.
* This amount of investment is required to compensate the deflationary effect of the new Bitcoins mined out. Even if the investment inflow remains unchanged, a lower selling pressure after the halving would eventually result in a price boost.
* In the meanwhile, famous trader Plan B has used the stock-to-flow (S2F) ratio to predict Bitcoin's price of around $60,000 following the next halving.
* Technically, Bitcoin is gradually descending to the broken verge of the wedge . The decline might prevail in the short-run, but the price should not instantly drop lower than $8,300.
* 200 Daily EMA is still above 21 Daily EMA, meaning that the uptrend is intact.
Active trade signal
Buy @ $8,300 - $8,700. Short-term Target: $10,500. Mid-term Target: $12,000. Long-term Target: $13,500.
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
submitted by Monfex to CryptoCurrencyTrading [link] [comments]

Will the next Bitcoin halvening lead to a price boost ?

Will the next Bitcoin halvening lead to a price boost ?
Hi, Traders ! Monfex is on the air !
While Bitcoin demonstrates a short-term weakness, the talks around the next halvening are not tailing away.
https://preview.redd.it/u602uvm0r3y31.png?width=1188&format=png&auto=webp&s=56e75f270e8294e8e9cd2e2d79e4ae35354a3f46
* Based on the analysis of Bitcoin's prominent investor and analyst Tuur Demeester, Bitcoin market would require $2.9 billion of investment influx to keep the price above $8,000 ahead of the next halving.
* This amount of investment is required to compensate the deflationary effect of the new Bitcoins mined out. Even if the investment inflow remains unchanged, a lower selling pressure after the halving would eventually result in a price boost.
* In the meanwhile, famous trader Plan B has used the stock-to-flow (S2F) ratio to predict Bitcoin's price of around $60,000 following the next halving.
* Technically, Bitcoin is gradually descending to the broken verge of the wedge . The decline might prevail in the short-run, but the price should not instantly drop lower than $8,300.
* 200 Daily EMA is still above 21 Daily EMA, meaning that the uptrend is intact.
Active trade signal
Buy @ $8,300 - $8,700. Short-term Target: $10,500. Mid-term Target: $12,000. Long-term Target: $13,500.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
submitted by Monfex to u/Monfex [link] [comments]

How did this happen?

how did you hear about neo/bee? what made u decide to invest?
did andreas antoupolos, tur demeester, bitcoin foundation, adam levine or any of the self proclaimed bitcoin celebrities endorse neobee?
i see tuur has invested in neo bee. has he been promoting and advocating people to invest in neo bee throughout this year and last year?
http://cryptogeeks.com/bitcoin-tuur-demeester-invested-neo-bee-first-brick-and-mortar-bitcoin-financial-company
http://www.reddit.com/BitcoinMarkets/comments/2276ut/xpost_is_bobby_lee_setting_us_up_for_anothecgk0dji
http://www.reddit.com/BitcoinStocks/comments/1swo6w/andreas_antonopoulos_is_advising_neo_bee_look_at/
look at the above thread.
He's a co-host of Let's Talk Bitcoin, and personally, I think he's the fucking bomb. I'm even more bullish on NEOBEE!
Do you feel Andreas, Tuur Demeester are responsible for your losses in neo bee?
Is there any way to estimate how many bitcoins or $ they raised in their IPO?
Anybody here willing to write up a timeline of Neo & Bee from their first announcement of IPO or startup up to today? I didn't invest in Neo Bee but I'd like to learn how to avoid any other scams in the future.
It seems like that's the standard procedure of scams nowadays to startup a bitcoin business, acquire investments, deposits and claim a hack, death threat etc and run away with customer deposits and funds. ie mtgox, silk road 2.0 and now neo bee.
submitted by yomofos to neobee [link] [comments]

Celebrating the Third Bitcoin Halving: The Bitcoin Reformation with Tuur Demeester Tuur Demeester on The Bitcoin Reformation TIP185: The Bitcoin Debate with Tuur Demeester & Erik Townsend 244 TIP. Bitcoin 101 - With Currency Expert Tuur Demeester BITCOIN ANALYST SAYS $50K - $100K BTC PRICE IS POSSIBLE  Chainlink Partners With Korean Tech Giant

Bitcoin investor and research analyst Tuur Demeester doesn’t see the coin going below $6,000 after the rewards halving, with a price of at least $50,000 c . Skip to content. Stock Lyfe. Search for: Latest news. 3 reasons why Bitcoin suddenly dipped under $10K today — and recovered. Industry leaders say blockchain makes payment services more efficient. Can a liquidity marketplace advance ... While discussing BTC's price dynamics, Mr. Demeester brought up the theory of accumulation by Richard Wyckoff, a pioneer in the technical approach of studying the stock market. Mr. Demeester explained that there are different stages of accumulation. The final stages associated with "the bottom" are highly anticipated by Bitcoin community, but it is not there yet according to Mr. Demeester. Tuur Demeester believes bitcoin prices could mimic the trajectory of Amazon stock. Source: Twitter That said, most in the crypto industry don’t think we’re in a bear market at the moment. While bitcoin has plunged about 13% during the past four weeks, it’s still up dramatically since Jan. 1, when BTC hovered at $3,880. Tuur Demeester remains bullish about Bitcoin after the halving event that took place on May 11. Bitcoin rewards for miners dropped by 50% from 12.5 BTC to 6.25 BTC per block (every ten minutes). During the conversation, Demeester talked about the recent measures taken by governments in order to fight against the Coronavirus crisis. The United States, as well as other countries, have been ... Tuur Demeester, top-tier investor, business cycle expert and founder of the Adamant Capital Bitcoin (BTC) Alpha fund, was among the first to add Bitcoin (BTC) as part of a currency portfolio in January, 2012. It looks as though eight years later, his confidence in the crypto king has only strengthened. Bitcoin (BTC), Gold, Stocks

[index] [45767] [16924] [47824] [20025] [45611] [48636] [17537] [7151] [32390] [18948]

Celebrating the Third Bitcoin Halving: The Bitcoin Reformation with Tuur Demeester

Download Stig & Preston's 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Subscribe to The Investors Podcast on iTunes: ht... As more people become fascinated with cryptocurrencies, we decide to talk with world renown blockchain expert, Tuur Demeester. During the conversation, Tuur covers the basics of Bitcoin. You won't ... Download Stig & Preston's 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Subscribe to The Investors Podcast on iTunes: ht... In this interview, I talk to Tuur Demeester; macro investor, analyst, business cycle expert and founding partner at Adamant Capital. We discuss his recent article The Bitcoin Reformation, Bitcoin ... Jason Burack of Wall St for Main St interviewed Bitcoin expert and investor Tuur Demeester http://www.tuurdemeester.com/subscribe/ https://twitter.com/tuurde...

#