Friday 26 February 2021

Increasing stock market volatility drags Bitcoin and altcoin prices lower

Increasing stock market volatility drags Bitcoin and altcoin prices lower
Increasing stock market volatility drags Bitcoin and altcoin prices lower

The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond. 

Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation.


BTC/USDT 4-hour chart. Source: TradingView

Despite major BTC purchases by MicroStrategy, Tesla and MassMutual, a majority of institutional investors still have security and tax treatment concerns that prevent them from investing in Bitcoin, according to Galaxy Digital co-president Damien Vanderwilt.

Institutional investment has been a significant source of optimism in the cryptocurrency sector in 2021, but its influence in helping BTC reach a market cap of $1 trillion may be overstated as recent analysis shows that stablecoin whales and retail traders still hold the most buying power.

Interest rate increase puts pressure on GBTC

On Feb. 25, the interest rate for the 10-year U.S. Treasury spiked to 1.52%, its highest level in over a year.

According to Chad Steinglass, Head of Trading at CrossTower, the move led to market-wide pressure that pushed the “GBTC premium down as low as negative 6% and it closed around negative 2% today.” The analyst sees interest rate volatility as a major source of market volatility, as the long end of the curve steepens while the U.S. dollar is pushed lower.


Daily cryptocurrency market performance. Source: Coin360

Cryptocurrencies fell under increased pressures as equity markets deteriorated throughout the day, possibly due to a “scramble for liquidity” resulting from traders “pushing up against margin calls and needing to free up cash.”

Steinglass said:

“I interpret the GBTC premium collapse as a sign that either retail is dumping to free liquidity, or large fund holders like ARKW are seeing outflows, which causes them to sell GBTC along with everything else.”

Traditional markets are still choppy

The 10-year Treasury yield pulled back .0582 basis points to 1.46 on Feb. 26, marking a 3.82% decrease from its high on the previous day. This leadi to a choppy day in the markets which saw the major indices close mixed.

The NASDAQ finished the day up 0.56%, recovering some of its losses from the 3.5% drop on Feb. 25. Meanwhile, the S&P 500 and DOW finished the day in the red, down 0.48% and 1.51% respectively.

A majority of the top cryptocurrencies also took on sharp losses on Friday, with the exception of Cardano (ADA), which became the third-ranked cryptocurrency by market cap after its price broke out to a new all-time high at $1.29. The current excitement for the altcoin appears to be connected to the upcoming ‘Mary’ mainnet launch scheduled for March 1.


ADA/USDT 4-hour chart. Source: TradingView

Basic Attention Token (BAT) has also battled back against the market sell-off to post a 6.43% gain following the Feb. 23 announcement of the upcoming Brave Decentralized Exchange (DEX).

Ether (ETH) price is down 7.19%  and trading below $1,500, while Binance Coin (BNB) has dropped 8.36% to $224.14

The overall cryptocurrency market cap now stands at $1.533 trillion and Bitcoin’s dominance rate is 61.3%.

Title: Increasing stock market volatility drags Bitcoin and altcoin prices lower
Sourced From: cointelegraph.com/news/increasing-stock-market-volatility-drags-bitcoin-and-altcoin-prices-lower
Published Date: Fri, 26 Feb 2021 23:02:39 +0000

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Increasing stock market volatility drags Bitcoin and altcoin prices lower
Increasing stock market volatility drags Bitcoin and altcoin prices lower was originally published here https://observednews.blogspot.com/2021/02/increasing-stock-market-volatility.html

Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain

Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain
Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain

Alpha Finance Lab (ALPHA) experienced a price breakout on Feb. 25 as a series of significant partnerships has brought renewed interest in the cross-chain DeFi platform. 

Data from Cointelegraph Markets and TradingView shows that following the announcements, ALPHA price surged to $1.78 but Bitcoin’s recent struggle to hold $50,000 as support led to a sell-off among altcoins and ALPHA currently trades at $1.31.


ALPHA/USDT daily chart. Source: TradingView

One of the reasons for the sudden surge was the Feb. 25 announcement of a partnership with Compound Finance (COMP) that will allow Compound users to integrate with Alpha Homora and lend assets across platforms.

Due to the deposit APY on Ether (ETH) being higher on Alpha Homora, Compound users are presented with an opportunity to yield farm by borrowing ETH against collateral in their accounts and lending it on the ALPHA protocol.

Users are lured by lower fees on Binance Smart Chain

Alpha has is also benefiting from its recent integration with the Binance Smart Chain, which has been growing in popularity for being a low-fee alternative to transacting on the Ethereum network.

The team at ALPHA hinted at what lies ahead for the protocol in the following tweet acknowledging the recent progress of the Binance Smart Chain:

Impressed with Binance Smart Chain (BSC)’s growth and traction.

Hope to join the party soon ;)@binance #BinanceSmartChain https://t.co/9NT7tkAs8q

— Alpha Finance Lab (@AlphaFinanceLab) February 20, 2021

Following the Feb. 1 launch of Alpha Homora v2, which included the release of a limited edition NFT, the protocol has continued to expand its reach and establish new integrations with partners in the blossoming decentralized finance ecosystem.

The project also received a renewed boost of optimism on Feb. 22 after an agreement was reached on the terms of how Alpha Finance would repay Cream Finance (CREAM) for funds lost during an exploit of Alpha’s “Iron Bank” on Feb. 13. This exploit involved a hacker draining $37 million from the protocol. 

Currently, Compound finance is the third-ranked DeFi protocol by total value locked (TVL) and the partnership between it and Alpha Finance could further Alpha’s growth and exposure to new users in the months ahead.

Title: Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain
Sourced From: cointelegraph.com/news/alpha-finance-lab-rallies-after-integrating-with-compound-and-binance-smart-chain
Published Date: Fri, 26 Feb 2021 21:48:35 +0000

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Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain
Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain was originally published here https://observednews.blogspot.com/2021/02/alpha-finance-lab-rallies-after.html

Thursday 25 February 2021

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Nonfungible tokens (NFTs) are rapidly becoming a focal point of the cryptocurrency market, as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on. 

One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke out to a new all-time high of $0.67 on Feb. 25 following its listing on the Crypto.com exchange as well as the launch of spot and perpetual futures trading on FTX.

Data from Cointelegraph Markets and TradingView shows that ENJ rose 52% from a low of $0.438 on Feb. 24 to a new high of $0.67 before experiencing a pullback to its current price of $0.611.


ENJ/USDT 4-hour chart. Source: TradingView

A scroll through the project’s Twitter feed details numerous recent partnerships and integrations that have helped fuel Enjin Coin’s price rise.

Minecraft is one of the most notable integrations for the Enjin ecosystem, and users are able to earn special NFTs that unlock secret games inside the video game series.

The platform has also benefited from joining forces with the growing ecosystem of the Binance Smart Chain (BSC), which has launched an NFT educational campaign that Enjin will be part of.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ENJ on Feb. 24, several hours before today’s price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of the historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.


VORTECS™ Score (green) vs. ENJ price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ score for ENJ reached a high of 70 on Feb. 24, shortly before the price began to spike to a new all-time high on Feb. 25.

The growing popularity of the NFT space, along with numerous big-name partnerships has Enjin well-positioned as the current bull market cycle progresses into 2021.

Its recent integration with BSC provides a way to escape high fees on the Ethereum network and could bring a new wave of activity to the Enjin ecosystem.

Title: Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Sourced From: cointelegraph.com/news/exchange-listings-and-nft-boom-back-enjin-s-enj-52-rally-to-a-new-high
Published Date: Thu, 25 Feb 2021 21:00:00 +0000

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Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high was originally published here https://observednews.blogspot.com/2021/02/exchange-listings-and-nft-boom-back.html

Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?

Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?

This week’s correction in the price of Bitcoin (BTC) showed that a market doesn’t go up in a straight line. Meanwhile, another topic has been gaining attention, namely the big rise in the 10-year yields of United States government bonds. 

In recent weeks, the 10-year Treasury yield of U.S. government bonds has surged 35% to a new high of 1.44%, the highest point since the cross-asset crash in March 2020.

Treasury yield bounces from a 60-year low


U.S. 10-year yield 1-week candle chart. Source: TradingView

The 10-year Treasury yield has been accelerating massively in recent weeks, similar to the run-up to the economic downturns in 2000 and 2008. Hence, rising yields are typically considered a signal of weakness for the economy and can have a big impact across many markets.

As the yields increase, governments must pay more for their underlying government bonds. This combined with the current economic conditions of the post-COVID-19 era and record national debt are factors that are unsurprisingly worrying economists. 

However, looking at the chart above from a technical perspective, this entire run can still be considered as a simple bearish retest of the previous support level.

Such an example is shown by the previous attempt to test the resistance above. This could be happening here as well, where the rates will then drop back down from the 1.53% level. But it is important to keep an eye on this level because breaking through it can have a major impact on the markets.

The government bond yields also have an impact on mortgage markets. Given that the real estate market is massively overheated at the moment, with people taking on massive debt to purchase homes, an increase in interest rates could pop this entire bubble, similar to what happened in 2008.

However, yields also impact other markets, as gold often reacts to these moves as well. But is this time different? And how will Bitcoin respond to these potential macroeconomic shocks?

weakening dollar vs. Bitcoin


U.S. dollar currency index 3-day chart. Source: TradingView

The U.S. dollar currency index (DXY) index continues to show weakness as yields are rising, which is generally good news for Bitcoin bulls. This suggests that investors are fleeing the dollar toward higher risk, higher reward investments, such as Bitcoin.

However, from a technical perspective, the DXY saw a bearish retest at 91.50 points, followed by more downside for the dollar, as seen in the chart above. Now, a retest of the 90 points level is underway, with the primary question being whether this level will hold as support.


BTC/USD vs. DXY. Source: TradingView

Nevertheless, it’s debatable whether the rise in yields is having any direct effect on the price of Bitcoin, particularly in recent days. Meanwhile, the DXY has often been inversely correlated with the price of Bitcoin, though this has been decreasing in recent months (see below).


BTC rolling 90-day correlation vs. USD, VIX, Gold and S&P 500. Source: Digital Assets Data

After the crash in March 2020, this inverse relationship grew stronger until September 2020, as a weakening dollar was accompanied by a major increase in BTC price.

Of course, assets are only correlated until they aren’t, and many other factors can have a much bigger impact on BTC in the short term — for example, miners or whales selling Bitcoin, government regulations, etc. 

Why is gold showing weakness?


Gold 3-day chart. Source: TradingView

The 3-day chart for gold’s price shows a clear-cut correction since August 2020. More importantly, the increase in yields and the weaker dollar have not impacted the gold market as much as Bitcoin’s market.

Even with the recent surge in yields, people are not buying gold. In fact, an increase in yields has historically not benefitted gold — at least not in the short term — because higher yields would make government bonds more attractive for funds to hold for settlement and as a risk-off asset in their portfolios.

When yields continue rising toward higher levels, however, the uncertainty surrounding the economy also increases, and investors typically begin to shift from the dollar to gold as a safe haven. This was seen in the 1980s when yields ran toward 14% and gold also spiked to new all-time highs.

BTC has become increasingly important in macroeconomics

In the current state, however, falling gold prices may simply be an immediate reaction to the increase in yields in general. However, another possibility is that an increasing number of investors are opting for “digital gold” instead of the precious metal, not only because of the higher upside potential — i.e., risk-reward — but also because these positions can be liquidated much easier.

But another possibility is that an increasing number of investors are preferring “digital gold” to the precious metal — not only because of the higher upside potential but also because these positions can be liquidated much easier on digital trading platforms.

11 August 2020, dotted blue line, US corporations led by $MSTR begin buying #bitcoin as a treasury asset. pic.twitter.com/LEMNzwqQru

— Willy Woo (@woonomic) February 25, 2021

Today, the market capitalization of Bitcoin is still only 7% to 10% of gold’s, which highlights this massive upside potential.

Therefore, the macro conclusion that can be drawn is that the markets are becoming increasingly uncertain about the economy’s and the dollar’s future, as exemplified by the rising 10-year Treasury yields. However, it’s still too early to write off the recent correction in BTC price to this macroeconomic development, as multiple other variables are at play.

Ultimately, the rising yields and a weakening dollar are exciting developments to keep an eye on moving forward. With Bitcoin becoming an increasingly important player in the macroeconomic environment, strategists at JPMorgan Chase, for example, believe BTC may continue to eat away at gold’s market share. This will likely result in an even higher valuation for Bitcoin, particularly in the event of another economic crisis at the expense of gold.

In December 2020, JPMorgan strategists noted:

“The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced. If this medium to longer-term thesis proves right, the price of gold would suffer from a structural headwind over the coming years.”

author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Title: Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
Sourced From: cointelegraph.com/news/soaring-treasury-yields-are-worrying-economists-but-what-does-this-mean-for-bitcoin
Published Date: Thu, 25 Feb 2021 15:00:00 +0000

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Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin? was originally published here https://observednews.blogspot.com/2021/02/soaring-treasury-yields-are-worrying.html

Coinbase Decentralization Claim Draws Fury From its Customers

Coinbase Decentralization Claim Draws Fury From its Customers
Coinbase Decentralization Claim Draws Fury From its Customers

In a blog post on Feb. 25 titled “Coinbase is a decentralized company, with no headquarters”, CEO Brian Armstrong stated that the firm has moved to a ‘remote first environment’.

No HQ = Decentralized?

He added that 52% of their employees have joined the company in a ‘post-office world’ and 95% of them have the option to work from home. Originally based in San Francisco, many company employees have dispersed across the globe since the beginning of 2020.

“It has helped us attract top talent. One of the best parts about being a decentralized company is that we can hire more of the best people.”

This does not make the company decentralized in crypto terms, as the respondents to the tweet pointed out.

Despite being one of the largest fiat to crypto onramps in the world, Coinbase has garnered a reputation for terrible customer service, higher than industry average fees, and questionable reliability when markets are volatile.

As we’ve moved to a remote first environment, we realized that we no longer have a headquarters located in any one city. https://t.co/8SpdJgylx1

— Coinbase (@coinbase) February 24, 2021

Coinbase Customers Lash Out

The barrage of comments came thick and fast and took aim at everything from customer support to the now predictable service outages during large crypto asset price movements.

“Also you have zero customer support (automated copy paste emails do not count), I guess you can call that decentralised too.”

Another Coinbase customer claimed that he had lost almost a thousand dollars in trading fees with just an $8,000 investment.

Someone else questioned the suspension of XRP stating that the company is still very centralized in the United States. Another disgruntled user stated;

“Coinbase [has come] a long way since 2011 in [the] crypto world. Unfortunately, [its] reputation [has become] tarnished due to unacceptable level of customer service and ignoring your most valuable asset – [the] customer.”

The majority of the complaints were regarding unanswered email and customer support inquiries though there were plenty of mentions of the frequent service outages;

“No headquarters. No customer service. No service at all when the market moves… Good for you coinbase.”

One respondent pointed out it was just a ploy to use a popular word at the moment just like the last bull run when companies added blockchain to their names.

At the time of writing, around 12 hours after the blog post was published, there were too many replies to read, and the vast majority of them were negative. It appears that Coinbase, which still has a number of whale investors, has also decentralized itself from its customers.

Title: Coinbase Decentralization Claim Draws Fury From its Customers
Sourced From: cryptopotato.com/coinbase-decentralization-claim-draws-fury-from-its-customers/
Published Date: Thu, 25 Feb 2021 17:38:27 +0000

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Coinbase Decentralization Claim Draws Fury From its Customers
Coinbase Decentralization Claim Draws Fury From its Customers was originally published here https://observednews.blogspot.com/2021/02/coinbase-decentralization-claim-draws.html

What Bitcoin price levels will invalidate the short-term bearish scenario?

What Bitcoin price levels will invalidate the short-term bearish scenario?
What Bitcoin price levels will invalidate the short-term bearish scenario?

The price of Bitcoin (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level.

If Bitcoin struggles to surpass the $51,600 resistance area in the near term, technical analysts say the probability of a correction rises.


BTC/USDT 4-hour price chart (Binance). Source: TradingView

$51,600 is the key level to watch

According to Josh Olszewicz, a cryptocurrency trader and technical analyst, the $51,600 level is currently acting as a strong resistance level.

For Bitcoin to retest the all-time high at $58,000 and initiate a potential rally towards $62,000, it needs to cleanly move past $51,600, he explained. 

Hence, a rally beyond $51,600 is the clear invalidation point for any short-term bearish scenario for Bitcoin.

The failure to break out in the near term could result in a bearish test of lower support areas, found at around $42,000. He said:

“If 4h breaks down, be prepared for some uber bearish calls to start popping at 36.7k meanwhile, I’ll be bidding the daily Kijun at 42k. Alternatively, if $BTC breaks above 4h Cloud at 51.6k, I like ATH retest at 58k, R3 yearly pivot test at 62k, macro PF diag test at 70k, R4 yearly pivot test at 80K. Seasonality suggests we go neutral/sideways through March and then reach for those higher targets in Q2.”

The $42,000 support area is a key level because it marks the top of the previous rally. On Jan. 8, the price of Bitcoin peaked at $42,085 on Binance, seeing a steep correction afterwards.

Bitcoin dropping to $42,000 to retest the previous top as a support area would not be necessarily bearish beyond the short term, however. 

Whale clusters show similar levels of support

Moreover, analysts at Whalemap noted large inflows to whale wallets at $48,500 and $46,500, which they say should provide BTC with some support. 

“The current situation looks similar to the one we had at 29K,” they explained. What’s more, the $46,532 level may now be “the new $29,000,” which held as support during the previous correction in January before the rally continued. They added: 

The $55,400 is an important level to keep an eye on as well. Getting back above it will be a good sign

Whale cluster levels. Source: Twitter/@whale_map

The most compelling argument for a short-term Bitcoin drop

Bitcoin tends to seek liquidity after a prolonged consolidation, which means it can drop down to fill buy orders at lower support areas that can ultimately fuel a new rally.

A pseudonymous trader known as “Salsa Tekila” echoed this sentiment. He said that there is a big support area at $41,000, followed by resistance at $54,000. He wrote:

“My current take on $BTC mid term: 1) Support around $41K. 2) Resistance around $54K. Depending on context, I might trigger swings around those two vicinities. Likely just scalp until then, unless major events come to fruition.”

Bitcoin tested the $44,800 support level in the past 72 hours, but it was not enough to propel BTC above $51,600.

This trend could cause the price of Bitcoin to drop back to the $44,800 level or to a lower support level, at $42,000.

The ideal scenario would be for Bitcoin to hold onto the $44,800 support area if it drops again, stabilize it as a macro support level, and move back up.

Title: What Bitcoin price levels will invalidate the short-term bearish scenario?
Sourced From: cointelegraph.com/news/what-bitcoin-price-levels-will-invalidate-the-short-term-bear-scenario
Published Date: Thu, 25 Feb 2021 09:00:00 +0000

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What Bitcoin price levels will invalidate the short-term bearish scenario?
What Bitcoin price levels will invalidate the short-term bearish scenario? was originally published here https://observednews.blogspot.com/2021/02/what-bitcoin-price-levels-will.html

Wednesday 24 February 2021

Tyler Tysdal’s Business Growth Strategies For Entrepreneurs

Tyler Tysdal’s Business Growth Strategies For Entrepreneurs
Tyler Tysdal’s Business Growth Strategies For Entrepreneurs

Many entrepreneurs reach a point in their journey where they are satisfied with their current success but want to take the next step. The question typically arises on whether they should start a new business, or continue to grow their existing business. The first step in this process is really to discover where your strengths are to determine which direction you should go. In a recent podcast from Tyler Tysdal, his business partner Robert Hirsch, discusses this very topic.
Start a New Business, or Grow Your Business?

Should You Buy a Business or Grow a Business? Subscribe to the podcast for weekly episodes from Freedom Factory.

Simple Strategies for Growth in Business

Among the least risky approaches entails offering more to your existing customer base. This includes seeking clients in a different method such as, as an example, selling your products online. This is a clever means to advertise and grow your reach with the assistance of similar business, bloggers or influencers.

Nearly 70 percent of adults get on social networks and also greater than 77 percent of small companies are presently making the most of social media sites advertising and marketing. Some use affiliate marketing which entails offering your product and services via a third-party for commissions.

Understanding your market, working with the very best individuals and providing them the tools they need to prosper fuels growth. You can also promote other people’s products and services to make additional money.

If you’ve ended up being one of the go-to resources in your niche or location, it may be a great time to take advantage of your company’s boosted brand recognition by starting a podcast or video channel on Youtube. Another business option is to tokenize your business into the blockchain forming a cryptocurrency that is tradable like a stock. BEES.Social has created an innovative way for anyone to bring capital into new business ventures.

Who is Tyler Tysdal?

Tyler Tysdal Freedom Factory

Tyler Tysdal developed his qualifications by paying his dues with hard work. Tyler entered investment banking after earning a degree in finance from Georgetown University. While working at Alex Brown & Sons, Tyler primarily worked with mergers and acquisitions (buying and selling business) and increasing equity and debt capital for organizations, including taking them public via the Initial Public Offering (IPO) process.

As an investment banker, Tysdal recalls sitting across the desk from owners and CEOs of a few of the world`s most popular companies and wishing he were in their position. He figured out the ins and outs of monetary modeling, assessments and just how to market companies. But he additionally found out there was regularly a disconnect amongst investment bankers and the business owners. Bankers very seldom experience the worry of missing payroll or other all-too-often concerns of company owner. Through this skill, Tyler learned he wished to be the business owner instead of the banker.

Freedom Factory Established to Help Entrepreneurs

Tyler Tysdal and Robert Hirsch combined their skills to establish Freedom Factory, the world’s best business broker in order to help entrepreneurs. Freedom Factory has Robert Hirschdrastically interfered with the way high-growth companies are purchased and offered, which traditionally was a horribly ineffective market.

When Robert Hirsch, co-founder of Freedom Factory, sold his first business in the 1990s, Robert went to several investment banks and sold his company to among less than 5 business they called. Recalling, Hirsch saw precisely just how much money he left on the table and knew that there needed to be a much better method. The bottom line is that business owners do not speak banker, and bankers sure don`t speak business owner.

Freedom Factory

5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
www.freedomfactory.com

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Tyler Tysdal’s Business Growth Strategies For Entrepreneurs
Tyler Tysdal’s Business Growth Strategies For Entrepreneurs was originally published here https://observednews.blogspot.com/2021/02/tyler-tysdals-business-growth.html

Tyler Tysdal Podcast About How to Sell Your Business

Tyler Tysdal Podcast About How to Sell Your Business


Tyler Tysdal And Robert Hirsch Discuss Appropriate Timing of the Sale of Your Company

About Freedom Factory At Freedom Factory ®, we have actually experienced and seen the explosive outcomes of entrepreneurs lining up passion and function to produce remarkable value. However, the majority of business owners have no idea how to make the most of the worth of their organization and proceed to the next chapter of their lives. That's where we can help.

https://tylertysdal.libsyn.com/when-is-the-right-time-to-sell-my-business

https://oembed.libsyn.com/embed?item_id=14437211

Freedom Factory ® has actually drastically interfered with the way high-growth, lifestyle business are purchased and offered, which historically was a horribly ineffective market. When I sold my very first company in the 1990s, I went to several financial investment banks and offered my organization to one of less than 5 companies they called. Looking back, I see precisely how much cash I left on the table and understood that there needed to be a much better method. The bottom line is that entrepreneurs don't speak banker, and lenders sure don't speak business owner.

https://twitter.com/TysdalTyler/status/1363871316126928898

Contact Freedom Factory
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258) https://www.freedomfactory.com/

Freedom Factory Managing Partner Ty Tysdal https://www.linkedin.com/in/tyler-tysdal

Who is Tyler Tysdal? Tyler T. Tysdal is a long-lasting business owner who first found the delights and challenges of self-employment at the age of 14. Tyler Tysdal was a collector and trader of baseball cards and his budding entrepreneurial spirit spurred him to produce Triple T's Sports Collectibles, a nationwide mail-order trading card and memorabilia service that found a broad audience through ads in trade publications. While market inefficiencies were various in this pre-internet era, a young Tyler Tysdal experienced his very first industry win with $14,000 a month of earnings outcome. A lot of cash for 14. It struck him throughout a ride with his mama to the post workplace to mail lots of card shipments: He would likely be a business owner and financier the rest of his career.

Additional Sites to Follow Denver Entrepreneur Tyler Tysdal
https://www.flickr.com/photos/tylertysdal/
https://twitter.com/tysdaltyler?lang=en
https://sites.google.com/view/tylertysdal



Watch Video
Tyler Tysdal Podcast About How to Sell Your Business was originally published here https://observednews.blogspot.com/2021/02/tyler-tysdal-podcast-about-how-to-sell.html

Sam Bankman-Fried: The crypto whale who wants to give billions away

Sam Bankman-Fried: The crypto whale who wants to give billions away
Sam Bankman-Fried: The crypto whale who wants to give billions away


Title: Sam Bankman-Fried: The crypto whale who wants to give billions away
Sourced From: cointelegraph.com/magazine/2021/02/24/sam-bankman-fried-the-crypto-whale-who-wants-to-give-billions-away
Published Date: Wed, 24 Feb 2021 15:04:45 +0000

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Sam Bankman-Fried: The crypto whale who wants to give billions away
Sam Bankman-Fried: The crypto whale who wants to give billions away was originally published here https://observednews.blogspot.com/2021/02/sam-bankman-fried-crypto-whale-who.html

Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’

Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’
Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’

Bitcoin (BTC) hit back to reclaim $50,000 on Feb. 24 amid fresh bullish comments from major investors.


BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

BTC price exits $40,000 range

Data from Cointelegraph Markets and TradingView tracked a 14% rise from Tuesday’s lows over the past 24 hours, Bitcoin posting local highs of $51,278 on Bitstamp.

At the time of writing, $50,000 was forming a price focus with bulls still to take charge to dictate new support levels. 

After its 20% decline from all-time highs this week, Bitcoin’s almost instant renaissance accompanied votes of confidence from various investment sources.

Among them was Ark Investment Management founder, CEO and CIO Cathie Wood, who said that the retracement was a “healthy” sign given months of near-vertical upside.

Speaking to Bloomberg, she said that was “very positive on Bitcoin, very happy to see a healthy correction here.”

That correction was in fact “relatively modest” even compared to the dive from $42,000 to $30,000 in January, Bespoke Investment Group noted in a blog post about market conditions. In additional comparisons surfacing on Twitter, commentators highlighted the many and various drawdowns witnessed during the 2017 bull run, the majority of which were in excess of 30%.


BTC/USD chart with pullbacks highlighted. Source: Nathaniel Whittemore/ Twitter

Wood: Ark “very reassured” on Tesla, Square buy-ins

Meanwhile, Wood did not share the pessimistic outlook from Bitcoin critics over major companies exchange cash on their balance sheets for BTC.

“This has to mature a little bit before broad-based adoption can take place, but we’re very reassured that companies like Square and Tesla have chosen to allocate,” she told CNBC.

Square expanded its Bitcoin holdings considerably this week, buying 3,318 BTC for $170 million, adding to its existing $50 million stash. Tesla, one analyst continued, should also be looking to “double down” on its commitment.

Wood additionally reiterated that if all United States corporations were to make a 10% Bitcoin allocation, the cryptocurrency would be worth $200,000 more. 

Earlier this month, Cointelegraph reported on the Ark data that Wood cited in the form of a report into the potential impact on BTC/USD from mass corporate adoption.

Title: Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’
Sourced From: cointelegraph.com/news/bitcoin-price-retakes-50k-as-investor-voices-relief-at-healthy-correction
Published Date: Wed, 24 Feb 2021 09:03:14 +0000

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Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’
Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’ was originally published here https://observednews.blogspot.com/2021/02/bitcoin-price-retakes-50k-as-investor.html

Tuesday 23 February 2021

Charles Hoskinson Reveals Significant Updates for Cardano (ADA) as Price Attempts Recovery

Charles Hoskinson Reveals Significant Updates for Cardano (ADA) as Price Attempts Recovery
Charles Hoskinson Reveals Significant Updates for Cardano (ADA) as Price Attempts Recovery

The decentralized open-source project running a public blockchain platform for smart contracts, Cardano, plans to implement several significant upgrades in the upcoming few months. During a recent interview, the project’s founder, Charles Hoskinson, also noted that Cardano has been negotiating potential partnerships with many industry names such as Celsius, Fireblocks, and Prime Trust.

Significant Updates Coming for Cardano

The 33-year-old co-founder of Ethereum spoke about his current project’s upcoming plans during an interview with the Financial Fox. Although he failed to provide more precise information on what’s coming, he said that the network will see many “smart contract stuff” in the next up to three months.

Simultaneously, the research arm of the Cardano Foundation is working on several new implementations:

“We are going to be announcing several new things like a smart contract institute that specializes in smart contract development design embedded at a university.”

Cardano’s founder said that he and his team have met with representatives from Prime Trust, Fireblocks, SingularityNET, and Celsius to discuss potential partnerships, such as support for Cardano.

He believes that integrations on larger-scale companies like the aforementioned names could enhance the adoption of the entire ecosystem.

“You need that for dApps, you need that for institutional investors to come in, you need that for all different kinds of actors, and that’s what consumes the majority of our time right now as a company.”

CryptoPotato recently reported that Cardano plans to release its long-anticipated Hard Fork Combinator (HFC) called Mary on March 1st, while all quality assurance and developer checks take place on February 24th.

DA’s Price Performance

Cardano’s native cryptocurrency, ADA, has been among the best performers in the past several weeks by taking full advantage of the bull run.

The asset entered the new year at $0.16, but it exploded in value in the following weeks. Several days ago, ADA breached $1 and continued north to a new 3-year record above $1.20. Following this 650% price surge, though, came the most recent cryptocurrency market correction.

ADA traded at about $1,15 when the sentiment changed, and the bears took control. In about 24 hours, the asset plummeted by more than 30% and bottomed beneath $0.80. Nevertheless, it has reclaimed some ground since then and has neared $1 once again.


ADAUSD. Source: TradingViewTitle: Charles Hoskinson Reveals Significant Updates for Cardano (ADA) as Price Attempts Recovery
Sourced From: cryptopotato.com/charles-hoskinson-reveals-significant-updates-for-cardano-ada-as-price-attempts-recovery/
Published Date: Tue, 23 Feb 2021 22:53:38 +0000

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Charles Hoskinson Reveals Significant Updates for Cardano (ADA) as Price Attempts Recovery
Charles Hoskinson Reveals Significant Updates for Cardano (ADA) as Price Attempts Recovery was originally published here https://observednews.blogspot.com/2021/02/charles-hoskinson-reveals-significant.html

Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures

Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures
Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures

In the past 48 hours, Bitcoin’s (BTC) price has dropped by $13,360 and more than $2.6 billion worth of futures contracts have been liquidated. When including altcoins, the total sum of liquidations equaled $5.9 billion.

After marking a record-high open interest at $19.5 billion on Feb. 21, the metric has stabilized at $16.5 billion. This means that half of the terminated leverage positions have been reopened.

According to the top traders’ long-to-short data and various funding rate indicators, retail traders took the largest hit.

Top traders bought the dip

The top traders’ long-to-short indicator is calculated by using clients’ consolidated positions, including spot, margin, perpetual and futures contracts. Unlike the futures premium or options skew indicators, this metric gathers a broader view of professional traders’ effective net position.


Top traders long-to-short ratio. Source: Bybt.com

Despite the discrepancies between crypto exchange methodologies, analyzing changes over time provides valuable insights.

Top traders at Huobi held a 0.81 long-to-short ratio on Feb. 20, favoring shorts by 19%. By adding net long positions over the following 48 hours, the indicator peaked at 0.95, indicating that buy-side activity prevailed.

OKEx top traders were aggressive net buyers over the past three days. Starting from a 0.86 indicator favoring shorts by 14%, they’ve managed to revert it to a 69% net buyer position.

Lastly, Binance top traders started at 1.36, favoring net longs, but were either liquidated or opened net shorts until reaching the current 1.23 level. Either way, those traders haven’t been adding positions over the past three days.

Overall, the average top traders’ long-to-short position went from 1.01 (flat) on Jan. 20 to the current 1.37 favoring net longs. Therefore, it’s clear that arbitrage desks and whales increased their longs throughout the liquidations.

The reduced funding rate shows retail investors reduced their longs

If top traders are net buyers, then retail must be holding the other end, even if that happened through leveraged long liquidations.

To keep a balanced risk exposure, derivatives exchanges charge either perpetual futures longs (buyers) or shorts (sellers) a fee every eight hours. Known as the funding rate, this indicator will turn positive when longs are the ones demanding more leverage.

On the other hand, periods of fear and heavy selling activity lead to negative funding rate turns. This time around, shorts would be the one paying up.


BTC perpetual contacts funding rate. Source: NYDIG

Since Feb. 6, the average weekly funding rate has exceeded 2.3%. That happened while Bitcoin surpassed $38,000, indicating excessively leverged retail longs. On the other hand, top traders usually opt for fixed-calendar futures in order to avoid the exorbitant funding fees during rallies.

This movement faded completely on Feb. 23 as Bitcoin’s price plunged below $50,000. After briefly flirting with a negative funding rate, it has now stabilized near 0.5% per week. The metric signals that retail traders were liquidated, hence causing the indicator to return to neutral levels.

Although $50,000 sounds like a meaningful psychological level, Bitcoin’s 67% year-to-date gains will likely continue to attract investors. The modest 3% performance from the S&P 500 and a 0.6% yield on  five-year U.S. Treasury Notes offer no match for the potential upside that can be captured from cryptocurrencies.

author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Title: Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures
Sourced From: cointelegraph.com/news/pro-traders-went-long-as-bitcoin-fell-to-45k-liquidating-5-9b-in-futures
Published Date: Tue, 23 Feb 2021 18:51:42 +0000

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Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures
Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures was originally published here https://observednews.blogspot.com/2021/02/pro-traders-went-long-as-bitcoin-fell.html

1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO

1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO
1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO

Bitcoin (BTC) will be the savings method of choice for 1 billion people on their phones by 2026, MicroStrategy CEO Michael Saylor predicted.

In an interview with CNBC on Feb. 23, Saylor, whose company owns in excess of 70,000 BTC, continued his public Bitcoin advocacy, calling it “the dominant digital monetary network.”

Saylor: Billions will choose Bitcoin for savings

Saylor was speaking a day after United States Treasury Secretary Janet Yellen described Bitcoin as “inefficient,” comments that accompanied a price dip of over 20% from all-time highs of $58,300.

For him, however, the comments were of little consequence compared with the broader Bitcoin use case quickly encroaching into more and more people’s financial lives.

“The story here that’s not being told is that Bitcoin is egalitarian progressive technology,” he told CNBC’s Squawk Box segment.

“We’re going to see a day when 7 to 8 billion people have a bar of digital gold on their phone, and they’re using it to store their life savings with it.”

Continuing, he cited Bitcoin’s 12-year race to becoming a trillion-dollar asset — two to four times quicker than technology giants such as Amazon, Google and Apple.

“So, the world needs this thing, and I think you can expect that we’ll have a billion people storing their value — in essence, a savings account — on a mobile device within five years, and they’re going to want to use something like Bitcoin,” he added.

“Bitcoin is the dominant digital monetary network.”

nalyst: Tesla will “double down” on BTC holdings

Saylor continues to make waves with MicroStrategy’s ongoing Bitcoin buys, the latest of which involved raising $900 million solely to add to its existing holdings.

While skeptics claim that few others will follow in the company’s footsteps, another CNBC guest on Tuesday forecast that Tesla, which itself bought $1.5 billion in BTC, will “double down” on its exposure.

 “I think this is not just a fad. I think Tesla’s going to continue to double down on its Bitcoin investment and you’ll see it from a transaction perspective as well,” said Dan Ives, managing director and senior equity research analyst at Wedbush Securities.


BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

BTC/USD saw a welcome reprieve on Tuesday as lows of $45,000 reversed upward on news that U.S. lawmakers had reached a settlement with stablecoin issuer Tether, ending a two-year lawsuit.

At the time of writing, the pair traded above $48,000, with $50,000 appearing to act as current resistance.

“As expected, ‘they’ protected the 44k level. I think $BTC will go up or sideways as there’s no more Tether FUD,” Ki Young Ju, CEO of on-chain analytics service CryptoQuant, added about whales controlling the extent of further losses.

Title: 1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO
Sourced From: cointelegraph.com/news/1-billion-people-will-store-life-savings-on-their-phone-in-bitcoin-by-2026-microstrategy-ceo
Published Date: Tue, 23 Feb 2021 15:00:00 +0000

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1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO
1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO was originally published here https://observednews.blogspot.com/2021/02/1-billion-people-will-store-life.html

Bitcoin falls to $45K in sequel to 20% BTC price crash

Bitcoin falls to $45K in sequel to 20% BTC price crash
Bitcoin falls to $45K in sequel to 20% BTC price crash

Bitcoin (BTC) extended its losses on Feb. 23 as selling pressure took markets below $47,000 for the first time in over a week. 


BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

Fresh dive takes BTC/USD to 8-day lows

Data from Cointelegraph Markets and TradingView painted a gloomy picture for bulls on Tuesday as BTC/USD hit lows of $45,000 on Bitstamp. 

The losses reverse a rebound that halted Monday’s 20% price crash from all-time highs near $58,000. Bitcoin bounced at $47,400 on the day to return to $54,000 before a fresh dip took hold.

At the time of writing, $47,000 was again acting as some form of focus for support, with the trajectory still unclear amid heavy volatility.

Analysis of buy and sell positions produced little hope for stemming losses should that level fail, with support lacking below $46,500.


BTC/USD support and resistance levels chart. Source: WhaleMap

$50,000 set to become resistance again

For analysts, however, even the prospect of a more serious retracement was nothing to fear. Compared to previous price dips, the current one was a drop in the ocean.

“We’ve experienced 2018 & 2019. This is nothing,” Cointelegraph Markets analyst MichaĆ«l van de Poppe summarized to Twitter followers.

In an accompanying YouTube update, he forecast that should bears take hold, Bitcoin could be in for what is classic behavior for the month of March, which traditionally sees corrections.

“Approaching bounce region for Bitcoin. I think we’re close now,” a further tweet added.

“Resistance zone at $48,500 and $51,000.”

As Cointelegraph reported, theories explaining the downturn range from whale sell-offs to natural market cycles. 

Title: Bitcoin falls to $45K in sequel to 20% BTC price crash
Sourced From: cointelegraph.com/news/bitcoin-falls-to-45k-in-sequel-to-20-btc-price-crash
Published Date: Tue, 23 Feb 2021 09:33:55 +0000

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Bitcoin falls to $45K in sequel to 20% BTC price crash
Bitcoin falls to $45K in sequel to 20% BTC price crash was originally published here https://observednews.blogspot.com/2021/02/bitcoin-falls-to-45k-in-sequel-to-20.html

Monday 22 February 2021

Here’s how pro traders use options to profit from Bitcoin price corrections

Here’s how pro traders use options to profit from Bitcoin price corrections
Here’s how pro traders use options to profit from Bitcoin price corrections

Bitcoin seems to be struggling at the $58,000 level, which is leading some traders to fear a more significant correction could take place.

While Bitcoin’s (BTC) 2021 performance has been incredibly strong, its current 696% gain and comments from United States Treasury Secretary Janet Yellen suggesting that cryptocurrencies are used to finance terrorism may be enough to have investors feeling a bit cautious.

Reducing open position sizes is usually the method most investors use to reduce exposure, but another way to manage risk is to use BTC options contracts to provide protection. Buying a put (sell) option is the easiest way, but it is quite costly considering the current high volatility scenario.

For example, a March 26 put option with a $56,000 strike trades at $5,300, and its holder would only profit if BTC trades below $50,700 in 32 days. That would be 12% below the current $57,500 price. This protection cost depends on the number of days until expiry and the implied volatility, or a traders’ expectation of substantial price swings.

By using call (buy) options and puts (sell), a trader can create strategies to reduce this cost. There are infinite possibilities, but for now, let’s focus on a low-cost bearish one.

Protective puts can generate a profit on the downside

This bearish strategy consists of buying a protective put in order to profit from the downside while simultaneously selling call options at higher strikes. These additional trades will cover the put option’s cost but will result in losses if BTC surpasses a certain threshold.


Profit / Loss estimate. Source: Deribit Position Builder

The above trade consists of buying 1 BTC contract of the March 26 put option with a $56,000 strike, while selling 1 BTC contract of the March 26 call option with a $64,000 strike.

As the estimate above shows, the end result between $56,000 and $64,000 is neutral. The trader would not incur any losses, but would also not profit from the strategy. On the other hand, if BTC drops to $46,000, or by more than 20% from $57,500, the contract holder would profit by $10,200.

In order for the trader to incur a $5,000 loss, BTC would have to reach $69,000 on March 26, which is equivalent to a 20% gain from the current price. Therefore, even though this is a bearish strategy, traders would only incur losses above $64,000, or 11% above the current price level.

This strategy provides a good risk-reward for those seeking downside protection. Moreover, there is zero upfront involved for those trades, except from the margin or collateral deposit requirements.

author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Title: Here’s how pro traders use options to profit from Bitcoin price corrections
Sourced From: cointelegraph.com/news/here-s-how-pro-traders-use-options-to-profit-from-bitcoin-price-corrections
Published Date: Tue, 23 Feb 2021 00:30:00 +0000

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Here’s how pro traders use options to profit from Bitcoin price corrections
Here’s how pro traders use options to profit from Bitcoin price corrections was originally published here https://observednews.blogspot.com/2021/02/heres-how-pro-traders-use-options-to.html

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