In this video, I want to talk about Bitcoin and Ethereum and discuss if the reversal is here. Is Bitcoin ready to head higher?
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0:00 Intro
2:00 Bitcoin update
3:00 Elon Musk
4:30 DXY
6:30 Accumulation period history
9:20 Whales Buying
11:00 Liquidations
11:30 ETH Wallets
12:00 Terra Update
14:20 Q&A
🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.
#bitcoin #btc #crypto
Cryptocurrencies have revolutionized the way people use and bank. Usually, crypto is decentralized digital money used over the internet. Bitcoin is the most popular cryptocurrency and the one most associated with the term, while Ethereum is a rapidly growing digital alternative to government-issued fiat money. Investing in crypto can be both passive and active. The active strategy involves buying and selling volatile cryptocurrencies. Here are some of the benefits of investing in cryptocurrencies:
There are many advantages to cryptocurrency, including a decentralized system without any central authority. Because cryptocurrency is not tied to any particular country, travelers can save money by carrying their own currency with them. Users can also buy land, sell their avatar clothing, and mingle in virtual art galleries. Moreover, there is no currency exchange fee if you use a crypto to buy or sell goods. The blockchain-based digital currency is decentralized, making it a reliable means of payment.
While a cryptocurrency can represent units of value or assets, the decentralized nature of crypto makes it ideal for single-purpose applications. These types of applications, which build on existing blockchains, can provide liquidity in otherwise illiquid markets. Tokens can also represent assets like real estate, allowing property owners to exchange their property shares, just like stocks. Additionally, crypto tokens are widely used in commodity markets, including bitcoin and Ethereum. The potential is endless.
In recent weeks, the crypto market has made a violent swing downward. This was followed by a wave of selling pressure in risk assets like equities. The correlation between crypto and equities has increased, most likely due to reversion of macro-forces. Currently, the stampede is headed for the exits. For investors seeking higher upside, the best bets are XRP, Cardano, and Solana.
Bitcoin and other cryptocurrencies have historically mirrored U.S. stock market prices. Bitcoin, in particular, has traded in a similar manner to risky technology stocks. A recent report from Target showed the market cap of cryptocurrencies dropped by nearly three percent, to under $1.3 trillion, as it fell 22%. As a result, the weak earnings from the U.S. carried over to the Asian session, with Chinese technology stocks also falling in response.
A digital currency’s value depends on the ability of its network to hold new units and verify them. This process can lead to a split in the network. One chain will stay true to its original code, while the other will change the code and create a new chain. As a result, the new chain will have a new version of the previous coin. It’s crucial that no single entity can control more than half of its nodes.
The price of Ether is expected to rise this year. Experts say it’s hard to predict the future of Ethereum. But despite these risks, experts say that the price of the digital currency is likely to continue to rise in 2019.
