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GROK BULL RUN STILL POSSIBLEGood morning traders A few days ago i posted about GROK and the potential it has of starting its bull run We seen a heavy sell off last night back down to a previous support level that was set in the previous weeks If we take a look at the volume it shows that it could be a measured move for traders to add more to their bags at lower prices before the bull market resumes I am still very bullish on GROK at this time and the cup and handle pattern is still valid An invalidation would be shown when the bottom of the cup pattern is breached and closed lower Until then i will continue to add to my GROK holdings at a discount Another thing to point out is we have now started to form a bullish ascending triangle pattern on all higher timeframes and we could be in for a bit of sideways action until around 4th February 2024 by which time i do believe we can break to the upside depending on other fundamental factors involved Thanks for reading and if you could leave a like and a follow i would be very grateful as this helps me reach more users with my market analysis MY TAKE ON COMMUNITY... Do not join their telegram channel as if you ask any questions they will mute you pretty quickly and the moon kids will give you abuse for not living in pure hope alone, I found their community very toxic from the off and i left within 5 minutes, not a good luck for them as a team of mods with selective punishment based on their moon boy energy Don't become a moon boy, it is not logical to invest in to something based on hope, do your own due diligence and more if you can to make yourself comfortable with your investment decisions Enjoy the rest of your day!
Long
by cryptopsycho1111
4
Cathie Wood's Ark Invest Accumulates more Tesla Stock Cathie Wood's Ark Invest has once again made headlines with strategic moves in the financial markets. This week, the asset management firm not only increased its position in Bitcoin ETFs but also continued its buying spree for Tesla ( NASDAQ:TSLA ) shares, defying recent market fluctuations. Let's delve into the details of these notable transactions and explore the potential implications for investors. Ark Invest's Bitcoin ETF Accumulation: One of the standout moves by Ark Invest is its substantial investment in the Ark 21Shares Bitcoin ETF (ARKB). Recent reports reveal that Ark Invest added 127,435 ARKB units to its portfolio, bringing the total purchase this week to an impressive $51 million. This follows last week's acquisition of 1.04 million ARKB units worth $43 million, resulting in a cumulative investment of nearly $95 million. With ARKB boasting a market value of $529.18 million in Bitcoin as of January 26, Ark Invest's conviction in the cryptocurrency market remains steadfast. The decision to increase ARKB holdings comes as Ark Invest systematically reduces its exposure to the ProShares Bitcoin Strategy ETF (BITO). The move indicates a strategic shift in Ark Invest's approach, possibly driven by changing dynamics in the evolving landscape of cryptocurrency investments. Market Response to Bitcoin ETFs: Notably, the prices of both BITO and ARKB ETFs experienced a boost following the release of PCE data showing a 2.9% inflation rate. ProShares Bitcoin Strategy ETF (BITO) closed 5.62% higher at $20.30, while Ark 21Shares Bitcoin ETF (ARKB) closed 5.39% higher at $42.02. This market response underscores the potential influence of macroeconomic factors on cryptocurrency-related assets. Tesla ( NASDAQ:TSLA ) Stock on Ark Invest's Radar: In addition to the bullish stance on cryptocurrencies, Ark Invest continues to show strong confidence in Elon Musk's Tesla ( NASDAQ:TSLA ). Following a $32 million investment in Tesla ( NASDAQ:TSLA ) stocks on Thursday, Ark funds doubled down with an additional $33 million worth of shares. Despite a 13.67% drop in Tesla's ( NASDAQ:TSLA ) stock price this week, Ark Invest's commitment to the electric vehicle giant suggests a long-term vision that transcends short-term market fluctuations. Conclusion: Cathie Wood's Ark Invest remains a trailblazer in the investment landscape, strategically navigating the complexities of both the cryptocurrency and traditional stock markets. The firm's emphasis on Bitcoin ETFs and unwavering confidence in Tesla ( NASDAQ:TSLA ) reflects a forward-looking investment strategy. As markets continue to evolve, investors will be keenly watching Ark Invest's moves for insights into emerging trends and potential opportunities in the ever-changing financial landscape.
NASDAQ:TSLALong
by DEXWireNews
Tesla's $50 Bil Plunge: Navigating Challenges & the Road Ahead In a shocking turn of events, Tesla ( NASDAQ:TSLA ), the world's most valuable electric carmaker, saw its stock plummet by over 12%, wiping out a staggering $50 billion in market capitalization. The nosedive came on the heels of disappointing Q4 earnings, where Tesla ( NASDAQ:TSLA ) reported a 40% decline in earnings per share and warned of potentially lower growth in 2024. CEO Elon Musk attributed the slump to a price war with a Chinese-made rival, impacting the company's bottom line. Challenges and Margin Pressures: Tesla's fourth-quarter earnings fell short of analysts' expectations, with a gross margin of 17.6%, compared to 23.8% a year earlier. Automotive gross margin, a closely watched figure, dropped to 17.2%, reflecting a price war-induced strain. Musk acknowledged the challenges, particularly the pressure on profit margins, and warned that the company does not have a clear picture of how margins will evolve in 2024. Redwood Initiative: In a bid to revitalize growth, Musk announced an ambitious initiative to launch a new mass-market electric vehicle code-named "Redwood" by mid-2025. Described as a compact crossover, this move is crucial for Tesla ( NASDAQ:TSLA ) as it seeks to stay competitive and navigate the evolving landscape of the electric vehicle market. The announcement, however, raised questions about the timeline and potential impact on Tesla's ( NASDAQ:TSLA ) overall strategy. Market Reaction and Investor Sentiment: Unsurprisingly, Tesla's stock experienced a 12% decline, reaching $181.70 in Thursday's market action. With Musk's recent push to increase his stake from 13% to 25%, and his ambitious vision for Tesla ( NASDAQ:TSLA ) to become a leader in AI and robotics, investor sentiment has become a focal point. Musk's demand for more shares and voting power adds another layer of complexity to the company's future trajectory. 2024 Outlook and Uncertainties: As Tesla ( NASDAQ:TSLA ) braces for a year of potential challenges, Musk emphasized the importance of executing key projects such as the next-generation vehicle, energy storage, and full self-driving. However, uncertainties linger, including the impact of ongoing price cuts, supply-demand dynamics in the electric vehicle market, and the evolving regulatory landscape. Conclusion: Tesla's recent financial turbulence underscores the inherent volatility of the electric vehicle sector. The Redwood initiative, though promising, adds an element of uncertainty to the company's future. As Tesla ( NASDAQ:TSLA ) navigates the challenges posed by a price war, shifting profit margins, and the impending launch of Redwood, stakeholders will be closely watching to see how the electric car giant adapts to this pivotal moment in its journey. The unfolding narrative of Tesla ( NASDAQ:TSLA ) in 2024 promises to be a story of resilience, innovation, and strategic decision-making.
NASDAQ:TSLA
by DEXWireNews
TSLA is 2nd most oversold everThere was a plethora of PUT SELLING on NASDAQ:TSLA yesterday and the sellers must not be happy today. OUCH Most of the contracts were at least 6 months plus so they have time unless #Tesla stock gets put to them. Weekly shows selling for last few weeks & the downtrend stopping all advances. (not shown here, pls see profile for more info) Daily, it's @ 2nd most oversold & the 1st was last year. It was not the norm until last year for Tesla to get this oversold.
NASDAQ:TSLA
by ROYAL_OAK_INC
Tesla - Make It Or Break ItHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: In 2020 we saw a major triangle breakout on Tesla which was followed by an incredible pump of +1.500%. Since 2021 Tesla has been again trading in a triangle pattern with support at the $120 level and at the $200 level. If Tesla breaks above the trendline mentioned in the analysis, I am looking for long setups. But Tesla could still also break below the $200 support area. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
11
Elon Musk's xAI Secures $500 Million: The Race for AI Supremacy In a bid to propel artificial intelligence to new heights, Elon Musk's startup xAI has recently secured a staggering $500 million in funding, aiming for a valuation between $15 to $20 billion, according to a Bloomberg report. The infusion of capital adds fuel to the already intense competition in the AI space, particularly between Musk's xAI and OpenAI, the company he co-founded. This development comes against the backdrop of Musk's persistent warnings about the potential risks and transformative impact of AI on humanity. The Funding Race and Valuation Ambitions: Musk's xAI had initially signaled its intent to raise $1 billion in funding through an equity offering, as revealed in documents submitted to the U.S. Securities and Exchange Commission. With Musk having already secured over $134 million at the time of notification, the recent injection of $500 million further underscores the significance and potential of xAI. The company is eyeing a substantial valuation between $15 to $20 billion, although terms remain subject to change. Musk has yet to publicly comment on the recent funding round. The Musk-OpenAI Rivalry: The race for AI supremacy has intensified since the launch of OpenAI's GPT-4 last year. Musk, always known for his ambitious endeavors, has been in direct competition with the company he co-founded, aiming to bring the next generation of generative AI to the market. Before the launch of Grok, xAI's AI model, Musk boldly claimed it to be the best currently available, emphasizing its real-time knowledge of the world through its connection to Twitter. The Verbal Sparring and AI's Future Impact: The rivalry between Musk and OpenAI reached new heights after the launch of Grok, with Musk and OpenAI's Sam Altman engaging in a public exchange of insults through their respective AI creations. Beyond the banter, Musk has consistently expressed both excitement and caution about the future of AI. He has warned that AI has the potential to threaten humanity by taking control of global computer and weapon systems. In a less alarming prediction, Musk also foresees AI eventually replacing humans in the workforce, reaching a point where no job is needed as AI systems become capable of performing every task. Conclusion: As xAI secures a substantial funding boost, the landscape of artificial intelligence becomes increasingly competitive. Elon Musk's ambitions for xAI, coupled with his cautionary remarks about the transformative power of AI, paint a picture of a future where technology may reshape industries and the very nature of work. The ongoing rivalry between Musk and OpenAI adds an intriguing dynamic to the narrative, underscoring the stakes involved in the race to develop and deploy the most advanced AI technologies. The recent funding injection into xAI amplifies the conversation around the evolving role of AI in society, prompting us to consider both the promises and perils that lie ahead in this rapidly advancing field.
NASDAQ:TSLALong
by DEXWireNews
6
BabyElon - First Major Correction Seems to be CompletedGreetings, It feels like BabyElon may have completed the first major correction of it's life and is consolidating around the strong support of $0.0(11)800. If this support breaks we don't have much support until all time low. If the consolidation succeeds, we can expect a breakdown soon specially with team expected to have a big announcement tomorrow. Once it starts to move up, previous levels of support will act as new levels of resistance. 1st target - $0.0(10)2300 2nd target - $0.0(10)3500 (beyond this we will start a new price discovery) 3rd target - $0.0(10)5000 (this will be a psychological resistance) 4th target - $0.0(9)10000 (we can potentially see another major correction at or before this level) This coin is still very new but team has been avoiding the noise and doing their work as they should therefore in the long run it should keep growing but time will tell. Please FOLLOW to stay up to date! Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
by figuring_out_the_dream
DOGE Dogecoin New All Time High after X Payments integration???The recent launch of X payments has generated excitement around $DOGE. There's speculation about whether Elon Musk will fulfill his promise to accept #Dogecoin payments on X. The unveiling of a new payments account by X opens up the possibility of #Dogecoin becoming a payment option. The GitHub account of X (Twitter) Developers apparently includes code mentioning CRYPTOCAP:DOGE , as confirmed by XPayments today. If an integration with X payments materializes, things could become very intriguing and fast-paced for Dogecoin and other dog-themed meme coins. 🚀 I am optimistic about the potential for Dogecoin to achieve a new all-time high!
Long
by TopgOptions
it's time to going up for SHIBUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: here Target1: 0.000010219 Target2: 0.000010866 Target3(Final Target): 0.000011544 Stoploss: 0.000009090 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
Long
by MakingMoney444
1
it's time to going up for USDT.Dbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: *(enter price and stoploss will be active after breakout red line)* Enter Price: 6.02-5.90 Target1: 5.81 Target2: 5.76 Target3(Final Target): 5.64 Stoploss: 6.10 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
CRYPTOCAP:USDT.DShort
by MakingMoney444
Flitpay Embrace Propels Dogecoin ($DOGE) into New Heights the canine-themed memecoin Dogecoin ( CRYPTOCAP:DOGE ) has once again grabbed the spotlight as it gains exposure with a new listing on the Indian cryptocurrency exchange, Flitpay. This move not only marks a significant milestone for Dogecoin but also sets the stage for potential price surges in the near future. Flitpay Listing: The announcement of Dogecoin's availability on Flitpay was met with enthusiasm, as the exchange confirmed the news through a post on the X app. Users can now seamlessly deposit and withdraw CRYPTOCAP:DOGE on Flitpay, with an added incentive of a 1% assured bonus for those making deposits. To further promote the listing, Flitpay is encouraging users to share the news, offering up to 20 CRYPTOCAP:DOGE tokens as rewards. This development adds to the growing list of achievements for Dogecoin in recent months. Binance Margin Trading Pairs: In a series of strategic moves, leading cryptocurrency exchange Binance introduced new margin trading pairs for Dogecoin alongside other prominent cryptocurrencies like Cardano (ADA), Avalanche (AVAX), and Polygon (MATIC). The December announcement resulted in a significant surge in Dogecoin's price, marking the most substantial increase since the Q3 rally commenced in October. Ecosystem Activity Surge: The Dogecoin ( CRYPTOCAP:DOGE ) ecosystem experienced a surge in activity, witnessing up to five million addresses with balances and a substantial increase in transactions. This sudden spike in activity is believed to have triggered the notable price jump. Despite a recent minor fluctuation in price, experts posit that the dip suggests a considerable percentage of Dogecoin holders are currently in a profitable position, a scenario not observed since November 2023. This could indicate an expanding range of use cases and adoption for Dogecoin. Market Overview: As of the latest data, Dogecoin boasts a market capitalization exceeding $11.41 billion, securing its position as the tenth-largest cryptocurrency. The coin is currently valued at $0.07804, reflecting a 3.16% decrease in the past 24 hours. Despite this slight dip, market analysts foresee a potential reversal rally with a promising 30% upside potential, fostering optimism for bullish trends ahead. Whale Activity and Future Predictions: While predictions abound regarding new highs for the memecoin, it's worth noting that Dogecoin whales have been actively managing their sizable holdings. This dynamic adds an element of intrigue to the overall outlook, leaving enthusiasts and investors alike on the edge of their seats as they anticipate the next moves within the Dogecoin ecosystem. Conclusion: The listing on Flitpay marks a fundamental development in the Dogecoin narrative, hinting at a bright future for the meme-inspired cryptocurrency. With a series of strategic partnerships, increased ecosystem activity, and a potential reversal rally on the horizon, Dogecoin continues to defy expectations and capture the imagination of the crypto community worldwide. As enthusiasts eagerly watch the charts, the embrace by Flitpay serves as a testament to the evolving and expanding influence of Dogecoin in the ever-dynamic world of cryptocurrency.
Long
by DEXWireNews
The Bullish Case for TESLAOne of the biggest misconception on Tesla is that it is just an Electric Vehicle Company but that is not the case. Tesla is also a Robotics, AI and energy company. If you look at it from that lens, TESLA is undervalued and has a great future!! TESLA recently bounced off the $212 Support level and believe this is the start of a bullish trend. Targeting the $300 Price point and we may even see $300 by the end of 2024. For context Elon recently tweeted this on TESLA "I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can't be overturned. Unless that is the case, I would prefer to build products outside of Tesla. You don't seem to understand that Tesla is not one startup, but a dozen. Simply look at the delta between what Tesla does and GM. As far as stock ownership itself being enough motivation, fidelity, and other similar stakes to me, why don't they show up for work?" In this tweet, Elon Musk expresses his desire for greater control over Tesla's direction as the company expands into AI and robotics. He believes that his current 13% stake in the company is not enough to make significant decisions in these areas. Tesla has a great future and as long as Elon is the captain, this ship will continue to go to mars and beyond. cheers
NASDAQ:TSLALong
by EgideSimba
4
TSLA: Neutral to Slightly Bullish Next Two WeeksHappy New Year everyone! This short video explains the technical view for TSLA as we start 2024. From a technical standpoint alone, its difficult to be wildly bullish or bearish right now. There may be other fundamental or macro reasons to take a more bullish or bearish view in the intermediate to long term. In short, neutral to slightly bullish makes sense over the next couple weeks for this stock. Best of luck! ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:TSLALong
by SquishTrade
8
Grimace overalIn my opinion, the fud, fear and frustration phase is coming to an end. A lot of people were exhausted by the 4 month long flat, and along the way some people gave up and sold the asset, some at a slight disadvantage, some at a gain. And the fud that has been going on for the last two weeks has put even more pressure on the psychology of the community. It's very noticeable how people are breaking down and can't take it anymore. The concentrated peak of pressure has passed. So now I'm expecting the following actions: Slow movement towards 50-60, people will be afraid to come in. After 100-120 there will be a rapid growth, people will not have time to enter at the lower prices and there will be an obvious fomobuy. Perhaps even the price will quickly reach 150, gaining fomobuyers with the subsequent correction. I don't know if this was planned, if you put aside all emotions and concentrate on the chart - all stages are quite logical and obvious. However, I still believe in the project. Maybe the goals will not be reached as soon as we would like, but this is the way!
GLong
by alexterni
1
Tesla - Expecting The BreakoutHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: All the way back in 2019 Tesla broke out of a longer term falling triangle formation. This breakout was followed by a crazy pump of more than 1.500%. At the moment Tesla is once again forming a falling triangle formation and if Tesla breaks above the resistance trendline which I mentioned in my analysis, we could certainly see another crazy rally with new all time highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
16
Cathie Wood’s Ark Invest Sells Coinbase, Buy Tesla ($TSLA) In a recent bold move, Cathie Wood's Ark Invest has strategically reallocated its investment portfolio, selling off millions of dollars worth of Coinbase ( NASDAQ:COIN ) shares amidst a crypto market downturn and acquiring substantial positions in Tesla ( NASDAQ:TSLA ) stocks. This strategic shift reflects Ark Invest's active fund management approach and presents an intriguing narrative for potential Tesla investors. Ark Invest's Coinbase (COIN) Divestment: On January 2, Ark Invest, led by prominent investor Cathie Wood, sold a significant portion of its Coinbase holdings, offloading 166,183 NASDAQ:COIN shares worth over $25.3 million. The move coincided with a challenging period for the crypto market, marked by a substantial decline in Coinbase's stock price from a recent high of $187.39. The decision to divest from Coinbase seems to align with Cathie Wood's apparent bearish stance on Bitcoin, anticipating a market correction following the potential approval of spot Bitcoin ETFs by the SEC on January 10. Strategic Purchase of Tesla ( NASDAQ:TSLA ) Stocks: Simultaneously, Ark Invest strategically utilized the proceeds from the Coinbase share sales to acquire Tesla ( NASDAQ:TSLA ) stocks, increasing its holdings by purchasing a total of 105,201 NASDAQ:TSLA shares worth nearly $25.3 million. This move not only underscores Ark Invest's dynamic investment strategy but also positions Tesla as a key focus for the firm. Reasons to Consider Tesla Stock: 1.Strategic Allocation of Funds: - The reallocation of funds from Coinbase to Tesla suggests that Ark Invest sees considerable potential in Tesla's growth prospects, despite the short-term challenges faced by the electric vehicle (EV) sector. 2. Market Trends and Technical Analysis: - Despite a 4.01% decline in Tesla's stock price on Thursday, technical indicators such as trading above the 200th, 100th, and 50th day Moving Averages signal a potential trend reversal. 3. Long-Term Vision for Electric Vehicles: - Tesla remains a frontrunner in the electric vehicle market, with an established brand, innovative technology, and a global footprint. As the world continues to shift towards sustainable energy solutions, Tesla's long-term vision aligns with the growing demand for electric vehicles. 4. Innovations and Future Catalysts: - The company's ongoing commitment to innovation, including advancements in autonomous driving technology and plans for new vehicle models, positions Tesla as a key player in the evolving landscape of the automotive industry. Conclusion: Cathie Wood's Ark Invest has made a strategic and notable move by selling off Coinbase shares to bolster its holdings in Tesla. This shift not only reflects Ark Invest's proactive approach to portfolio management but also highlights the firm's confidence in Tesla's potential for future growth.
NASDAQ:TSLALong
by DEXWireNews
Tesla - My Trading Plan For 2024Hello Traders, welcome to today's analysis of Tesla. -------- Explanation of my chart analysis: Tesla has been trading in a triangle continuation pattern for a very long time now. We saw the same type of pattern back in 2019 followed by a 1.500% pump. A breakout above the current resistance trendline could lead to a similar price behavior. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
31
The $1Million case for Bitcoin - Two Actually!We occasionally see in the media $1 Million predictions for Bitcoin. They are often taken with a pinch of salt and frequently rebuffed with "Yeah rights!" and laughed at. Until recently I have been in the: 'Not in my lifetime camp' but matters are changing and rapidly so! Two reasons why I believe Bitcoin will hit the million mark and sooner than you may think: The first is based on Technical Analysis (see chart) and to be honest the growth looks perfectly feasible. No ramps or pumps just a normal asset class growing and not even at a pace that would be considered out of the normal! Just look. By 2029 Bitcoin will have crossed the million mark. I would go even further and say it's guaranteed unless something really terrifying kills Bitcoin like artificial intelligence cracking cryptography. This is a serious threat. We have already been forewarned by hundreds of leading corporates, scientists and academics about the potential threat of Artificial Intelligence but specifically with regards to Cryptography (To see the premise jump to 18.49, to understand the premise watch the whole video): www.youtube.com The second case involves looking around at the human landscape and seeing what is evolving. Everything is becoming digital - Everything. The way we learn, communicate, transact, records, media... Everything, and of-course money. To start on a basic point let's look at Bitcoin's supply: Total number of Bitcoin ever to be mined: 21,000,000 1 Bitcoin = 100,000,000 Satoshis Remaining Bitcoin to be mined: < 1,500,000 Daily mined supply: 900 Average Daily Coinbase Volume: 10,000 (Reference: buybitcoinworldwide.com) As Bitcoin is becoming more and more accepted/trusted by Countries, Governing bodies, Financial Houses, Corporates and Retail Consumers demand will rise. This acceptance not only covers the legitimacy and the use of Bitcoin as a Global Currency but also its value as a store of wealth, it has truly become Digital Gold. Currently we have US Spot ETF applications by major institutions in the pipeline, a couple of wars, a looming housing and economic collapse and so on, bottom line? The Demand is there but The Supply is becoming very short! By 2029 mankind will have been to Mars. (Reference: www.space.com) We will become an inter-planetary species. Space launches are now so common you don't even hear about them in the main media. Ok so I've jumped to a rather larger point here(!) but the technology to achieve this and a myriad of other innovations coming on-line (Artifical Intelligence, Robotics, Frequent Reusable Space Flight, Medical Advances etc.) are utilising Blockchain Technology and of-course those brave pioneering souls who make that one way trip to Mars (or elsewhere) will need to be paid. I can't see Elon Musk hauling Gold or Dollars to Mars to pay the colony! I suppose they could just take a printer and ...😜 Satoshi's Numbers: Satoshi was an academic and developed Bitcoin as a consensus network that enabled a new payment system and a completely new form of immutable digital money (virtual currency) . It was the first decentralized peer-to-peer payment network that is powered by its users that has no central authority or middlemen. Ok this we know and that Satoshi published his white paper back in Oct 2008. Having had the conceptual phase and completed the academic/mathematical side, Satoshi would need numbers to plug in to see how it all looked. What I find amazing here and there is absolutely no form of proof to suggest why this is other than my imagination but at this point, if you assume that 1 Satoshi was equal to 1 Cent then Bitcoin would equal $1 Million!
COINBASE:BTCUSDLong
by Paul_Erasmus