#Mexico’s second richest man says #Bitcoin is his 'best investment ever' : Thoughts on the market on 28.12.2020

The last Saturday-Sunday of the outgoing year turned out to be the best weekend in 2020 for #Bitcoin. It updated its ATH several times; at the moment, the absolute maximum is above 28450. There was a pullback to 26K, and for the last 2 hours Bitcoin has been trading in the range of 26900-27300. Total Crypto-Market capitalisation is at 721 billion and BTC dominance index of 69.6%.

Equity markets opened positively. Asian indices are growing, futures for the S&P 500 too, the dollar index is decreasing and is now around 90.1. Oil dropped slightly, possibly due to news of the discovery of 4 new fields in Saudi Arabia.

Today, a vote is scheduled to increase payments within the aid package to $2000 per person, instead of the previously adopted $600.

There is also an article that answers the questions, who benefits from coronpsychosis, how it was inflated, what tasks were solved thanks to it, and what will happen next. Article by reference.

#Bitcoin ends 2020 well. Over the weekend, the maximums were updated several times, the current ATH is above 28450. At the same time, support at 26000-25900 is indicated on yesterday's correction. The capitalisation level of $700 billion has also been successfully taken.

If we take this analysis, which was made after Bitcoin took 20K, then something in between options 1 and 2 has been worked out.

On the one hand, Bitcoin took 25K and successfully consolidated higher, capitalisation of 700 billion was also achieved. On the other hand, the growth of altcoins is still very selective. Etherum and Litecoin have grown, Etherum has updated the highs of 2018, the rest of the alts from the TOP are still in the same place where they were with Bitcoin below 20K. #BTC dominance index exceeded 70% yesterday, but is not much lower now.

Everything is logical and understandable. The development of option 1 was prevented by the SEC hitting XRP, which was mentioned here. Since XRP was in the TOP-3, the situation hit altcoins in general, showing their vulnerability due to being tied to specific people and companies. Many XRP holders went out to Bitcoin, many simply sold other alts and bought Bitcoin.

Therefore, Bitcoin successfully consolidated above 25K and went to new highs, and the TOP alts lagged behind it significantly.

Yesterday the growth of Etherum began, taking 700 and moving on.
I think the rest of the top alts will move to growth, and the standard market cycle will be worked out.

The prerequisites for this are the absence of a new negative for XRP and a stable Bitcoin in the range of 26000-28000. In this case, the entire TOP will show powerful growth.

The main risk for XRP right now is delisting from major exchanges.
While this decision was made by the Bitstamp exchange, it concerns only US citizens.
If you want to make money buying up cheap XRP, but fear further negative effects on the asset, pay attention.

The CEO of Binance said that in Q3 2020, the number of corporate accounts increased by 60% compared to the previous period. This is what I was talking about here - information about public companies that bought Bitcoin is the tip of the iceberg.

People and companies who think faster than others have come to the topic for a long time, that's why they earned their money. We talked about a business man who sold a 60-room hotel this year and bought Bitcoin. He did it with Bitcoin between 9000 and 10000. One of our associates Communicated with him yesterday in real life, he says 2020 is the best year for him in the last 10 years in all respects).

Another Mexico’s second richest man says Bitcoin is his 'best investment ever' Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s second richest man, has revealed to @Cointelegraph in an interview that he bought his first Bitcoin in 2013, when it was worth around $200. That, according to the billionaire, was his “best investment ever”. After holding it all the way until its 2017 highs, he sold all his pos

itions at $17,000 and bought it again later at a cheaper price. Now Salinas holds around 10% of his liquid portfolio in BTC and doesn't plan to sell any of it any time soon. "I want to sit around for another five or ten years", he said. While initially attracted by Bitcoin as a means of exchange, Salinas is now convinced that Bitcoin’s potential resides in its store of value features. Salinas also points out, Bitcoin is the natural result of the evolution of money, from physical to digital. “Bitcoin is bits and bytes in the ether, but the good thing is that it cannot be debased and it cannot be confiscated that easily”, pointed out Salinas.

With that I AM wishing you a good day ahead and remember this is not financial advice or investment recommendation. Must do your own research. #decryptedge

#Coinbase to Suspend XRP Trading Following #SEC Suit Against #Ripple.Thoughts on the market on 29.12.2020.
After a hectic weekend, #Bitcoin is consolidating in the 27300-26200 range. The corrections below were quickly redeemed, and it was not possible to go higher either. Currently trading at around 26,300. Total CryptoMarket capitalization of $702 billion and #BTC dominance index of 69.3%.

In stock markets, growth, US indices added from 0.68% to 0.97%. The S&P 500 closed at 3735.36, once again this year renewing highs. ATH also updated on Apple stocks.

The market was positively driven by news from the US House of Representatives, where they voted to increase payments to citizens to $ 2,000, instead of the initial $ 600. Today there will be a Senate vote, its success will push the markets even higher.

#Bitcoin is consolidating in the range of 26200-27300. After an unsuccessful attempt to take 27500, which was made last night, the main cryptocurrency has headed towards the lower end of the range and is now testing it for strength. Altcoins rallied well yesterday, but moved to fall overnight, on information about a possible delisting of XRP from the Coinbase exchange. Now confirmed.

The Japanese financial giant SBI Holdings announced its support for Ripple regardless of the resolution of the situation with the SEC lawsuit. SBI Holdings noted that the SEC lawsuit will not affect XRP's status in Japan, and the payment application based on Ripple technology will continue to work as intended, regardless of whether it uses this token."SBI Holdings will continue to actively support Ripple's activities in Japan and overseas," the company said.
Ripple and SBI Holdings partnered in 2016, creating the SBI Ripple Asia joint venture. In October of this year, a fintech startup backed up the collaboration with an undisclosed amount of investment. Previously, B2C2 suspended XRP token trading for US clients. Two weeks earlier, SBI Holdings acquired this institutional-focused OTC platform.

We still prioritize the option of stabilizing Bitcoin and the growth of altcoins, which I spoke about yesterday. As always have a blessed day ahead, remember this is not traditional investment advice, do not take it as financial advice. Must do your own research.
#decryptedge

From the trading range of 26200-27300, Bitcoin went up and has been holding above 28K most of the last 8hours, clearly trying to retest the ATH. Total CryptoMarket capitalization at 742 billion and BTC dominance index of 69.9%

Equity markets showed a slight decline yesterday. American indices lost 0.22-0.23%. I think the reason is the pre-New Year profit taking, as well as the fact that Mitch McConnell (the leader of the Republicans in the Senate) slowed down the vote to increase payments to $ 2,000 instead of $ 600.

The dollar index is falling, oil is rising, gold is around 1890. S&P 500 futures are also rising.

Some news: India Considers 18% GST on Bitcoin Transactions. The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. The bureau told the Central Board of Indirect Taxes & Customs (CBIC) that the government could gain Rs 7,200 crore ($981 million) annually by taxing bitcoin trading. Quoting sources from the finance ministry, the publication detailed:
CEIB has suggested that bitcoins can be categorized under ‘intangible assets’ class and a GST levy could be imposed on all transactions. More on this via source: https://news.bitcoin.com/

Altcoins are still under pressure from the XRP story, which thwarted the classic Bitcoin rally-altcoin-rally-retracement market cycle. So far, from the TOP, only Etherum has shown significant growth, having reached the levels of January 2018.

XRP is still around 0.2. Coinbase and Okex will suspend trading at the beginning of the year, but this has already been worked out by the market. There will hardly be anything new on the part of the SEC in the first days of January. Therefore, I still consider the growth of altcoins and the fall of the dominance of Bitcoin to at least 66-65% as a priority option.

The conditions for this are stable Bitcoin and the absence of a new negative on XRP. In the last days of this year and early 2021, there is every chance of success. In the medium term, Ripple has every chance to find understanding with the new SEC composition. If they were chosen for the role of ritual victim, as he spoke about yesterday. Japan nonetheless will remain loyal to XRP, where there are crypto exchanges and volumes.

Therefore, I think that XRP is somewhere near its bottom right now. The main risk is if the creators themselves begin to drain the asset. They are unlikely to aggravate the situation so much.

So in closing: Bulls showed good stability and performance above $259XX in the last 3 days, Although we were tracking movement closely and saw this reversal from $26000 in the last 24H. We are looking for a sell-off very soon!!

Right now, bulls are testing $28XXX once again, a chance for Double Top or breakout. The entire movement is in favor of the bulls so by closing daily above this level the bulls can push up BTC to $30500/32500 easily, as the next resistance for btc .

Current Action: Wait and watch, if you hold or bought bitcoin from entries above 20k be sure you book some profit. Alternative options is an attempt to take 30K directly in the thin market or a correction towards 24K, are less likely, it will be considered next week.

As always wishing you a blessed evening, remember this is not traditional investment advice, do not take it as financial advice. Must do your own research. #decryptedge

#Bitcoin ends the year with a powerful finishing spurt. Highs were updated several times during the day yesterday and a new ATH was set above 29370 this early morning Kenyan time. Total Crypto Market capitalization is at 761 billion with a #BTC dominance index of 70.7%.

On the stock markets, the year ends positively too - the Dow Jones updated ATH, the Nasdaq rose 0.15%, the S&P 500 rose 0.13% to close at 3732.04. The dollar index set another low, close to the previous bottom in 2018.

Interesting news, #ElonMusk believes that Mars’ economy will be run on cryptocurrency. He said early this month that he is “highly confident” that his company Spacex will land humans on Mars “about six years from now.” The subject of cryptocurrency running Mars’ economy briefly came up on Twitter last week. AI researcher Lex Fridman tweeted, “Mars economy will run on crypto.” In response, Twitter handle Elon’s World suggested, “Marscoin.” Musk himself replied with just a “Yes.” Source | news.bitcoin.com

Bitcoin continues to hit highs. Events develop according to option 2( https://t.me/decryptedge/138) If we look at the picture of the market on December 20-21 (according to the Reviews), we see that at first the events developed according to option 1. Bitcoin was in a range, altcoins moved to growth.

The XRP story spoiled the party not only collapsed this asset, but also called into question all altcoins in general. The market understood their vulnerability and weakness to external pressure, and this once again highlighted the attractiveness of Bitcoin . Therefore, the entire altcoin either went down, or stayed in place (like Litecoin, which managed to grow before that), or showed a slight increase (like Etherum).

The alts are now crushed by the burgeoning Bitcoin. In a thin market and against the background of uncertainty with XRP, #Bitcoin looks much more promising.
I will not argue about the investment attractiveness of Bitcoin. In the current situation, you can buy it at any time, sell it in a year or two, and with a high degree of probability take 100-150% of the profit. But in trading you have to buy cheap. That's why I like some key altcoins now. Which ones? You may ask.
The market capitalization is above 760 billion and is approaching ATH, the dominance index is at its highs, all possible negative XRP has already been dumped, and it will hardly be much worse before the trial in February. In this situation, the priority is to work out the market cycle and the growth of altcoins. I think the first week of the year may well be the time of the altseason. This requires the stabilization of Bitcoin in the range of 28000-29300 for several days.

As always, wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

2020 has been a challenging year overall, but it's the best year ever for the crypto market. In %, it grew more in 2017, but then it was just a hype. 2020 there was organic growth based on quite understandable fundamental factors.

Now let's go through the key moments of the outgoing year on the crypto market.
January 1 - Bitcoin started the year at 7230
February 1 - growth above 9000, Etherum was even below 200.
Talk about the coronavirus started…

February 14 - we update the annual highs in capitalization and bounce off 10,500, the market capitalization went above 300 billion.

The decline in Bitcoin and the entire market began, which ended in a collapse on March 12-13. The reason - the collapse of financial markets against the backdrop of coronpsychosis.
March 12-13 - Bitcoin fell below 4000, market capitalization below 150 billion

Then there was a rise, a return above 9000 for a couple of months, and a flat between 9000 and 10500, which ended with the capture of the level and a quick breakthrough to 12K

In August, it was not possible to gain a foothold above 12K, followed by a September correction to 9800. After that, the 12K level was finally taken, with the consolidation and subsequent update of ATH-2019(https://t.me/decryptedge/43)

Finally, on a significant day for Bitcoin, December 17, ATH was updated, Bitcoin fixed above 20K https://t.me/decryptedge/129

After that, the ATH were repeatedly updated, including yesterday. Bitcoin ATH at the end of 2020 may well be above 30K, there is still time.

What to expect from the crypto market in 2021?

The factors that brought Bitcoin below 30K in 2020 remain and are even intensifying. Therefore, in a year we expect to see Bitcoin above 50K, and a total crypto market capitalization higher than 1.15-1.20 trillion.

Times will be bad for altcoins. Altseason will not affect everyone, outside the TOP-20, growth will be selective, the dominance index below 60% may not fall. XRP will surprise everyone in the first half of the year.

Of course, there will be no constant growth, the market does not work like that. There will definitely be a correction, moreover, I think that it is already close, and if there is no quick fixation of Bitcoin above 30K, then the count has gone on for days. The mid-term market direction is exclusively upward.

Congratulations to all readers of the channel and our entire community with the coming New Year! May 2021 bring everyone health, prosperity, good luck in markets and in life. May all the bad things be crushed by the Bull's hooves.😜

Each of us has certain dreams. When a plan is attached to a dream, it is no longer a dream, but a goal. Make plans and fulfill them in order to summarize the victories and achievements in a year. Try to grow in your business and do it as best you can, sooner or later success is inevitable.

Don't forget that money, the market and growing a good profitable portfolio are good things. What really matters most is family and those that are close to you.

Remember to always do your own research. This is not traditional investment advice (except the last two paragraphs) and ought not to be deemed as financial recommendation. Must do your own research

Happy New Year from #decryptedge. We wish you and your loved ones health and well-being this 2021!.

Blessings galore in 2021

🚀💯🚀

Yesterday after an #ATH update, #Bitcoin stabilized in the trading range of 29050-29400. Before breaking through and exiting the trading range to another all time high of $34,652 where it's currently been traded. Total crypto market capitalization $874,billion, BTC Dominance: 72.8%

Stock markets will only open tomorrow January 4th. What awaits the markets in 2021, what factors will influence them, why the shares of vaccine manufacturers are falling. We shall be sharing a brief.

The crypto market started the year with bad news - the eToro platform will also close the possibility of XRP trading from January 3, and the Bittrex Global exchange will delist Monero, Dash, Zcash and Grin coins from January 15. If the first news did not affect the market in any way, since XRP was removed from many major exchanges over the last week of the year and one more platform does not really change the picture, then the second news collapsed the rate of the listed coins by 12-15%.

The delisting of these coins suggests the following:

1. They really provide a fairly high level of anonymity and this is different from other cryptocurrencies, including Bitcoin.

2. It makes sense to purchase these coins in your portfolio in the medium term, because there will always be a demand for privacy.

3. The attack on privacy continues.

For those for whom the preservation of privacy is especially important, cryptoassets, better than any other assets, leave the opportunity to make both assets and payments anonymous.
This nonetheless requires a systematic approach at all stages - from acquiring cryptoassets to entering fiat.

Otherwise, everything is calm on the crypto market. Bitcoin is holding above 30K, altcoins, despite the blows that are raining on them from all sides, retain their upside potential. The scenarios that I spoke about on 1st January 2020 (https://t.me/decryptedge/168) remain relevant.

Most investors understand what bulls and bears denote in the stock market. Some may even know what a dead cat bounce means but there are other animals as well in the investing world. I thought to share and examine the financial traits of some of these creatures. Which one are you? See Pic Source | ET Wealth.

So in summary #BTC Achieved New High to $31xxx As we mentioned on our last market thoughts: Bitcoin closing daily above $28xxx will push BTC to $30500/$32500 easily

Right now: Current resistance zone $33500/$36500 and we looking for a reversal or sideways move from this zone so be sure you book some profits if you have any entries above 20k,

In the end, this is not financial advice, The purpose of these charts, analysis and market thoughts is to give you an idea about Bitcoin price movement (not buy or sell advice) so before following any idea be sure to do your own research, and follow your risk management. The information we share here is an effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏

I hope you are all following. ETH just hit $1,000. 🚀🚀🚀.

Spot on..