Today at a Glance: Bitcoin's sudden jump over the $ 7,000 mark, the winners of the IOTA contest, and other current crypto topics.
Bitcoin's recent rise has caused many well-known cryptanalysts to rate it. Should you buy Bitcoin now? Tweeted the economist Alex Kruger:
“This Bitcoin upswing is without the general public and yet has a mass of potential participants. These are very good prospects “.
This $ BTC rally is happening without the general public yet involved en masse. This is very bullish. pic.twitter.com/H0wMEn56ND
– Alex Kruger (@krugermacro) May 11, 2019
The cryptanalyst with the pseudonym “Galaxy” tweeted a graph and wrote:
“This large-scale price recovery is insane. A 235-day bear market is swept away by a 40-day bull market. And this time without mass media coverage, ICO delusion [Initial Coin Offering] or the large influx of “stupid money”. Just pure foundations. “
The large-scale price recovery is mental.
235 days of bear market already erased in the last 40 days of bull.
And this time without massive media coverage, ico craze or heavy dumb money flowing in.
Just pure fundamentals. #bitcoin pic.twitter.com/shv4fRPHIS
– Galaxy (@galaxyBTC) May 12, 2019
Also the cryptotrader Scott Melker was enthusiastic. He wrote:
“The $ 6,400 area was the most traded in 2018. There was a lot of daily, weekly and monthly replenishment – and the [current] course has crumbled it all at once. This is one of the most powerful bull market moves Bitcoin has ever shown. “
The $ 6400 area is the most traded for bitcoin in 2018. There was heavy daily, weekly, monthly supply there – and price just nuked it in one shot. This is one of the most powerful bullish moves that bitcoin has ever made. pic.twitter.com/ldTtoOZkYE
– The Wolf Of All Streets (@scottmelker) May 11, 2019
Willy Woo, the well-known cryptanalyst, designed his analysis as an enumeration, indicating that he is assuming a short squeeze:
“The basics of a short-squeeze:
- If there are mostly short positions in the market, you can make too much money to win them.
- Whales buy the market until the shorts are liquidated.
- During liquidation, the short sellers have to buy at the market price.
- A tidal wave of purchases is breaking through the order books. The result is a chain reaction and the course shoots straight up.
- whale payday. The whales that bought up the market and pushed the price upside down profitably.
- The pressure is decreasing. The price drops back to a healthy level. “
The mechanics of short squeezes 101:
1) When the market is short, there's too much money to have them to win.
2) Whales keep buying up the market until the shorts get liquidated.
3) At liquidation the short seller has to buy back at market price.
– Willy Woo (@woonomic) May 11, 2019
Bitcoin Magazine NL interviewed Tron founder Justin Sun in Amsterdam. In it, Sun talks about his help for Binance after the recent hacking attack as well as Craig Wright and the BitTorrent Token (BTT).
The latest blog entry from “Week in Ethereum” has been released. This is about new developments in Ethereum 2.0. The entry also highlights some updates for Ethereum-based platforms, such as Maker and Brave.
Ripple Labs has released a longer version of the Ripple Regional event in Dubai. This is about the company's involvement in the Emirate. In addition, the video will also cover the company's upcoming Swell conference in Singapore.
“The Lite Podcast” has released its latest episode. This is an interview with Mark E. Jeftovic of the Canadian Internet service provider “easyDNS”.
IOHK has signed memoranda of understanding with two Mongol blockchain associations. The agreements are intended to promote the acceptance of blockchain and training in this field in the country. Further details will be announced by IOHK soon.
We are excited to share that today #IOHK signed to MoU with Mongolian Blockchain Technology & Cryptocurrency Association & Mongolian Fintech Association. This MoU is to help implement & foster #blockchain project development & #education in Mongolia. More information coming soon! pic.twitter.com/7JDJy5supi
– Input Output (@InputOutputHK) May 11, 2019
The winners of the IOTA Smart City competition have been announced. The winners each refer to different categories, which are detailed in an article on medium.
Announcing the winners of the IOTA Smart City Contest via @Hacksterio! IOTA powers the future of Smart Cites! Https: //t.co/lsShRNW4iR#IOTA @birdz_iot @novaveolia @Groupe_Renault @ENGIELabCRIGEN @SopraSteria @tech_mahindra #FutureStateCoFoundery #CityofAustin #NorskeHelsehus
– IOTA (@iotatoken) May 10, 2019
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/bitcoin-jetzt-kaufen-bitcoin-kurs-btc-vor-starker-rallye-plus-ripple-xrp-ethereum-cardano-und-iota- update /
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and information purposes only. We are not an investment advisor and do not provide financial advice.
We can not review all articles posted on CoinNewsDesk.com. Please independently research and verify any information here before relying on it as fact. It is also important to do proper due diligence and analysis, including consulting a professional financial advisor. No content on Coin News Desk makes any recommendation to enter into any type of investment or engage in any investment strategy on this website.