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Our master class starts today ...

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Register to attend the Binance Africa Masterclass (DeFi Edition) this October! :grinning: :rocket:

The October edition is targeted at helping people understand the
- Fundamentals of crypto
- How to make money via Crypto
- How to identify scams
- 30 Tips on becoming a profitable trader
- How to buy and sell crypto, and more advanced concepts around DEFI (Binance Launchpool, BSwap) and futures trading - as they get started on their crypto journey.

This event is scheduled for three days starting Friday October 9th, 2020 till Sunday

Limited seats available

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https://bit.ly/Binancemasterclassafrica

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Incase you don't get room to join then Zoom ... Stream live via You tube

Good morning All,

As I wish you a great weekend, a reminder that the 3day Master class is still on today and tomorrow same time 7pm Nairobi time.

Below is the link for our Saturday Bitcoin101 Session that will be at 10am Nairobi time.
See you all then..

DKripto King is inviting you to a scheduled Zoom meeting.

Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *Oct 10, 2020 09:50 AM Nairobi*


TODAY at *BITCOIN101* - Let's learn about...
*- Bitcoin/Crypto Wallets Types*
*- Crypto-Markets news and updates.*
*- Open Q & A session.*

Join Zoom Meeting
https://us02web.zoom.us/j/88048771085?pwd=Z29GV0dOOExGeGxCaFhlaWNPcGhwZz09

Meeting ID: 880 4877 1085
Passcode: BITCOIN101

Crypto Master Class DAY 2 ongoing

Welcome to Day 3 of Binance Crypto Master Class.

Thoughts on the market on 12.10.2020: #Bitcoin Nears $11.5K on #US Stimulus Prospects, Seems to Confirm Bullish Trend.

Over the weekend, #Bitcoin confidently held above 11300, all attempts to go below were immediately bought back. So far, it has not been possible to approach 11500 either, now trading in a narrow range of 11350-11400. Total Crypto-Market capitalization is at $358 billion and BTC dominance index 58.5%.
Likely events driving the move was optimism for the prospects for a U.S. stimulus package after the White House boosted its offer to Democrats on a pandemic relief package to the north of $1.8 trillion Friday. Have talked about this before here.
A new round of stimulus would likely benefit BTC in at least three ways:
-Government and central bank spending around the world in response to the coronavirus-induced slowdown, in the eyes of many, will. inevitably result in inflation, and therefore be positive for the cryptocurrency.
-Given the current correlation between equities and BTC, and that some investors treating BTC like it's a tech stock, anything that boosts equities invariably boosts BTC.
-Stimulus paychecks would give individual investors money to invest and some of those investments would likely be BTC.
Buyers stepped in around $10,500 earlier this week after payments company Square announced that it has put some 1% of its assets into bitcoin #Bitcoin is changing hands near $11,320, representing a 2% gain on the day. - Coindesk.
Equity markets continued where they left off on Friday. The dollar index continues to decline, Asian indices are growing, S&P 500 futures are showing a slight increase, gold is growing.
This week there will be reports for the 3rd quarter. Started by JP Morgan, Citigroup (banks), and Johnson & Johnson. It is not so much the result for the third quarter that is important as its compliance with market expectations. There may be a situation when a bad report will move the markets up (since everything is so bad, it means that soon they will give money), or a good report will send the stock down if it turns out to be worse than expected.
Bitcoin is stubbornly not going down. After breaking through 11,200, Bitcoin tried several times to go below 11300 in two days, the straits were immediately redeemed. But it was a thin weekend market, let's see what happens today. The market does not yet really believe in growth - altcoins are growing selectively and very moderately, the fear index is in the neutral zone (52), everyone is waiting for Bitcoin to fall to 11000. That is why the priority option is to try to take 11500, which is very likely in such an external background.
An alternative is movement in the range 11200-11500. If an attempt is unsuccessful to take 11500, a strait is possible to 11000-10900.
If Bitcoin passes above 11500, or altcoins move to growth, market capitalization will approach the important level of 400 billion, which has not been passed since May 2018. Further options are possible, will share more details.

Interestingly, Bitmex will most likely be fine. Vivienne Khu, who recently became CEO of Bitmex, is close to CME and Citybank. That is, Bitmex was simply squeezed out according to the classical scheme: a run over by the regulator, and with the transition to personalities, with a further offer that cannot be refused.
As a result, Arthur and the company will receive no complaints and the opportunity to live for their own pleasure, and some shady new owners will receive Bitmex. By the way, CTO Samuel Reed was released on bail the day after the appointment of a new CEO of Bitmex. It seems that the parties agreed. This is bad for Bitmex owners (they will lose the asset), but good for the crypto market in general. Much better than a closed exchange.

Wishing you a blessed week and remember this is traditional investment advice. Must do your own research. D.Y.O.R. @Decryptedge

For those interested in the current and future US-approach to cryptocurrency - at least under the current administration.

Thoughts on the market on 15.10.2020: The risks of refusing to include #bitcoin in a portfolio today are higher than the risk of missing out on this opportunity,” #Fidelity notes.

Bitcoin fulfilled plan B from yesterday's review. After another unsuccessful attempt to take 11500, the price of the main cryptocurrency jumped to 11300. The correction was bought out, and for the last 8 hours Bitcoin has been trading in a narrow range of 11350-11420. Total Crypto-Market capitalization is at $358 billion and BTC dominance index of 58.7%.
Stock markets continued their decline yesterday, US indices fell 0.58-080%. S&P 500 closed at 3488. Reason - Treasury Secretary Steven Mnuchin said there are problems with the adoption of the support package. This was already obvious (if there were no problems, the package would have been accepted long ago), but the official statement crashed the markets, despite good statistics on China and strong data on PPI in the US.
Gold is at 1901, the dollar index is up slightly and is moving towards 93.5, S&P 500 futures are looking down. If Trump does not bring a wave of positives to the markets, the downward movement may continue towards 3400-3350 in the S&P 500. But I think that in the next 10-15 days Trump will have his say, and he will try to send the markets to highs, he said earlier.
Bitcoin reaffirmed the lower border of the range at 11300, even on the outside negative it did not go lower. The third attempt to take 11500 failed, but there is no fall, all the corrections are being redeemed. This is very similar to the situation a couple of weeks ago; then, Bitcoin was also steadily holding first above 10200, then above 10500, and did not go lower either on the news about Bitmex or on the external negative. This happens when growth takes place not on emotions, not on FOMO from the crowd, but on a solid foundation. With this form of growth, a return to the original one is extremely rare.
Interestingly, Fidelity Investments announced a possible increase in the capitalization of Bitcoin to 500 billion, and later to 1.3 trillion. They also stated that refusing to include Bitcoin in the portfolio is a much more risky decision than buying Bitcoin. Bitcoin's current capitalization is a drop in the ocean compared to the markets it can influence. However, institutional investors are able to push the capitalization of the first cryptocurrency to $ 500 billion, according to a new study by the financial corporation Fidelity Investments. For a detailed PDF report feel free to ask for it. Quite notable too. In the face of #Ethereum’s recent rocketing transaction fees, its founder and chief scientist, Vitalik Buterin, called on users of the second-largest #blockchain to move over to scaling solutions that are “already here for many classes of applications.” The explosion in decentralized finance (#DeFi) platforms running on Ethereum has caused the cost of transaction fees to skyrocket in recent months (transaction fees have increased from 8 cents at the start of this year to highs of around $14 in September). Meanwhile, there’s pressure from other competing base-layer protocols like Polkadot, Cosmos and Blockstack. - Source:Coindesk.
Today we expect further consolidation at 11300-11500. Out of the range is possible on the external negative or positive. In case of going up, most likely, we will hit 11800, below the next support is at 11000-10900 (but this is only if 11300 cannot resist the external negative).
As always wishing you a blessed day ahead, and remember this is not your traditional investment advice or recommendation.

DKripto King is inviting you to a scheduled Zoom meeting.

Topic: DIGITIZATION SHIFT .... WHERE ARE YOU?
Time: Oct 17, 2020 10:00 AM Nairobi


TOMORROW at BITCOIN101 - Let's learn about...
- What to Know About Cryptocurrency
- Crypto-Markets news and updates.
- Open Q & A session.

Join Zoom Meeting
https://us02web.zoom.us/j/81095918041?pwd=K2RoSldtc3N4S0Zab3c1TVVEY2o1Zz09

Meeting ID: 810 9591 8041
Passcode: BITCOIN101

#Decryptedge Thoughts on the market on 19.10.2020: The Great Financial #Reset: #IMF Managing Director Calls for a 'New Bretton Woods Moment' Do you know what is the #Bretton Woods system?

The weekend passed calmly as #Bitcoin remained in the range of 11300-11500, as stated in our review. Last night nonetheless, there was another attempt to gain a foothold above 11500, it did not lead to success, and now Bitcoin is trading around 11450. Total Crypto-Market capitalization is at $359 billion and #Btc dominance index 59.0%.
Financial markets opened neutral-positive. Asian indices and S&P 500 futures show slight gains. The main idea for the markets will again be the situation around the support package - whether it will be adopted before the elections, or after. House Speaker Nancy Pelosi called for the issue to be resolved within 48 hours. Both options assume that about a trillion dollars of new money will enter the market, therefore, even if the package is not accepted before the elections, it will not cause some kind of collapse.
But if they do, Trump's promise of highs in the stock market before the election will be fulfilled. Most likely Trump intends to make the stock market one of the instruments of his victory.

Bitcoin has been in the 11300-11500 range for 10 days already. During this time, there were 5 attempts to take 11500, while unsuccessful. At the same time, all movements below 11300 are quickly redeemed. Given the resistance to negativity and the interest of large players, it looks like accumulation before the breakthrough to 12K.
The high dollar index and the weakness of altcoins are alarming, as well as the growth of the greed and fear index, which has moved from the neutral zone to the greed zone (55). These factors indicate that the road to 12K can go through but before a bounce back at 11000-10900.
The bounce back option is possible in the event of a significant negative in the financial markets, or FUD in the crypto market, for example, around OKex, where the story is not over yet. Interesting. CEO OKex previously served as Vice President of Investments at Goldman Sachs. And at the same time when the new CEO of Bitmex worked there. What this means, we will write on this separately.
On Thursday, October 15, the IMF published a speech written by the IMF’s Washington, DC managing director, Kristalina Georgieva called “A New Bretton Woods Moment.” The article has caused sound money and free-market advocates to grow concerned that a big change is coming and possibly a great financial reset. Economists, analysts, and bitcoiners have been discussing the IMF managing director’s speech since it was published on the IMF website on Thursday. A few days later on October 18, macro strategist Raoul Pal said Georgieva’s article alludes to a “huge” change coming to the global financial system. “If you don’t think #CBDC’s (Central Bank Digital Currencies) are coming, you are missing the big and important picture,” Raoul Pal tweeted on Sunday morning. “This is going to be the biggest overhaul of the global financial system since Bretton Woods. This IMF article alludes to a huge change coming, but lacks real clarity outside of allowing much more fiscal stimulus via monetary mechanisms. And tomorrow, the IMF holds a conference on digital currencies and cross-border payment systems…” Source News.bitcoin
Do you know The Bretton Woods system was a huge change in the world’s economic system. The agreement in 1944 established centralized monetary management rules between Australia, Japan, the United States, Canada, and a number of Western European countries.

As always wishing you a blessed week ahead, and must always do your own research. This is not traditional investment of financial advice.
#Decryptedge

Join in and learn more on IMF Vision for the Future when it comes to Cross-Border Payments ... it will be live in about 23mins

https://meetings.imf.org/en/2020/Annual/Schedule/2020/10/19/imf-cross-border-payments-a-vision-for-the-future

SATOSHI NAKAMOTO - In Japanese satoshi means “clear-thinking” or “wise”,
naka can mean “inside” or “relationship” and moto is
used to describe “the origin” or “the foundation.”
Strung together it reads “thinking clearly inside the
foundation”.
#Bitcoin101
#Decryptedge

#decryptedge Thoughts on the market on 22.10.2020: #PayPal Embraces #Crypto, Igniting Market as Mainstream Adoption Inches Closer. ⚠️
#Bitcoin exceeded expectations from yesterday's review, not only consolidated above 12K, but also updated annual highs above 13200. After that, a correction followed and Bitcoin did later slide back to 12700-12750, where it is currently being traded. Total Crypto-Market capitalization is at $387 billion and #BTC dominance index of 61.1%.
Stock markets showed a slight decline, US indices lost 0.22% to 0.35%, S&P 500 closed at 3435.56 The market is still waiting for a package of support, but there is no package, because there are key differences between Democrats and Republicans over the distribution of funds. The dollar index after yesterday's fall to 92.5 rose by 0.2%, gold and oil are also on the decline. The yield on the 10-year Treasuries has grown and is near half-year highs, this is not in favor of the growth of the stock market. If there is no positive on the support package, stock markets are likely to fall. S&P 500 Futures Now Down 0.66%

The crypto market yesterday worked out the news that PayPal is starting to work with cryptocurrency.
The working conditions⚠️ of PayPal with #crypto are rather strange - only the crypto that was bought in Pay Pal can be stored in the wallet, it cannot be transferred to other accounts neither the "owner" of the crypto placed in PayPal does not have the private keys. 🤔 In fact, these are some kind of crypto derivatives stored in fiat and only those who do not understand the advantages of a real crypto can store their Bitcoins there. Not your private keys, not your bitcoin.
But this is still useful, as it helps to popularize crypto and drive for global adoption, and most importantly, such a PayPal move makes other large companies in the financial and non-financial sector think that they were bypassed and make retaliatory moves.
News from Coindesk state that: PayPal officially confirmed Wednesday it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make cryptocurrency “a funding source for purchases at its 26 million merchants worldwide.” What we know:
👉🏾PayPal said buy, sell and hold features would be live within the next few weeks but for some users, the features are already available.
👉🏾PayPal's service does not allow bitcoin or other cryptocurrencies to be withdrawn or deposited. Once you buy the coins, they stay in your account until you sell.
👉🏾Initially, the service supports bitcoin (#BTC), bitcoin cash (#BCH), ether (#ETH) and litecoin (#LTC).
We are waiting for offers from VISA and Mastercard, and then it will come to Amazon. In addition, it was announced yesterday that the Okex exchange has resumed its p2p platform for the Chinese yuan, Vietnamese dong and Indian rupee. Very timely considering the price of Bitcoin and the increasing #FOMO of the crowd. Apparently, all the problems of the exchange, which were previously mentioned have already been resolved.
Against such a news background, Bitcoin confidently updated its annual highs above 13200. A correction took place from this level, Bitcoin found support at 12700. The next goal is to consolidate above 13K and update ATH-2019. Negative stock markets can prevent this from happening immediately. Also, the capitalization level of 400 billion has not yet been passed, I spoke about the importance of this moment here this week.
Altcoins are starting to come to life, but their growth is not yet comparable to the growth of Bitcoin. I think they will catch up in the next two days. And if we leave for the weekend with Bitcoin above 12K (the most likely option), then the local altseason will begin.
The analysis for today is movement in the range of 12500-13000, with possible correction to 12300. An indicator of further growth is the successful capture of the capitalization level of 400 billion. As always wishing you blessed week ahead and this is not your traditional investment advice. Must do your own research(DYOR).