Daily Crypto Markets Live Blog: Bitcoin To $28K By End Of Year (07/01/22)

in LeoFinance2 years ago

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It's a new month and the Second half of year 2022.
Welcome to July!

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July indeed! Let's make the most out of it :)

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The year is flying by. We are now seeing us progressing toward 2024.

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Schiff and Kiyosaki are guys I used to admire, but they look like clowns to me now. They are supposed to accept that the crypto space is beyond their expertise.

Source

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I love kiyosaki too learned a lot from his famous book which we all know but him seeing gold as a thing and despising crypto shows how un-embracing he is to new technological advancement in the financial sector which is crypto.

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Schiff is a basher. Kiyosaki is open, but his forecast of $1,100 BTC looks ridiculous to me.

Why would anyone imagine a $1.1k btc in the first place, that's absurd. Do you think it's possible to one day Arive at such peice

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Kiyosaki just threw that price out there, but never said any basis for such a forecast.

Gold bugs are clowns simply because their understanding (espousing) of the global monetary markets is awry. They buy into the gold bug mantra which is garbage.

They are wrong about the USD which isnt collapsing but getting stronger.

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EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies

Source

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Interesting that governments still think passing rules and laws for a system that is outside their control is going to work.

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Just a few days ago a central bank official in our country is making a fool of himself by issuing a public statement that is so out of touch with what's going on in cryptocurrency,

There are two types in central banks.

  • those who are economists hence do not understand cryptocurrency.

  • they are bankers who understand yet are threatened by crypto.

Odds are they are in the former or at least listening to it.

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* those who are economists hence do not understand cryptocurrency.

Replace the word "cryptocurrency" with "economics" and it would still be true.

Very true. They do not understand money which is a major problem since it cannot be separated from the economy.

For all their ills, it is best to understand banking since they are the ones who run things. We can live in a theoretical world and pretend it is otherwise but the commercial (international) banking system runs everything.

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... the commercial (international) banking system runs everything.

This isn't "conspiracy theory," either. This is run-of-the-mill, mundane fact.

As for the term "conspiracy theory," all it means is that is is a true or verifiable statement which runs counter to the story the authorities want to foist upon the public or the people. It's not about "aliens" or "lizard people" or "secret societies"-- The term never gets used when falsehoods are presented as alternative explanations to what a political authority says happened since falsehoods can be disproven.

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Samsung’s Bitcoin mining chips and its first two customers: PanSemi, a Chinese ASIC firm, and Qualcomm (NASDAQ: QCOM). It was reported that the latter has already made reservations for the chips.

Source

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Now that is some real good news for Samsung. And also indicates the interest in mining by those companies.

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Earlier, Samsung was in the NFT market. Now, into mining chips. Interesting company.

It knows how to take opportunities and set the pace too.

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Where others see bubbles and threats, companies like Samsung see opportunity.

That's true. Taking opportunities at the right time seems to be doing well for the company.

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And here we were told the Chinese banned cryptocurrency mining.

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That also puzzles me.

Coinbase Has Been Providing "Historical Geo Tracking" Information And Tracing Software To Government Agencies
https://www.zerohedge.com/markets/coinbase-has-been-providing-historical-geo-tracking-information-and-tracing-software

It figures, that sooner or later it always happens!

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Super pleased with myself that I rank for the following search terms on Google.

Page 1:

  • justin sun exit scam
  • usdd exit scam
  • is USDD an exit scam

Page 2 (soon to be 1 with a little work):

  • is usdd a scam

PS. The answer of course is yes, USDD is a scam.

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Wow, congratulations! Such contents really grab attentions.

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So would a pic of him in a thong.

But I am not sure that is the right kind of attention.

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LOL! He might get famous in no time, hahaha

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Never seen him so I dont know...perhaps he is Playgirl matter.

That might increase the percentage of women who get "exposed" to crypto.

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Hahaha, what a thought that was! He could try, lol!

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Ya weirdos...

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Great job. Good to see the ranking overall on Leofinance improving. The more of these examples, the better the overall is.

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I see that happening soon, maybe within this quarter. In fact, 28K is still a conservative target. 31-36k should be the target for this year.

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That is good to know :) But then, I have not really stack up on it, lol!

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I agree. When the bull does hit, I think it will be a lot more powerful.

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REMINDER!!!

Get those #CANDIES before the masses get a hold of them.

They will be in scarce supply them.

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I just claimed my 30. Approaching 5k balance!

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That is awesome! Congratulations

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Awesome

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You are a good man regardless of what others are saying about you.

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Thank you for always thinking differently. Will keep doing my best.

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I'm on top today. I got 100 candies.

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Enjoy the view at the top, lol! Congrats for climbing steadily

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Thank you. I am enjoying today. :) Tomorrow I will fall into the basement. :(

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That's great :) Yes, tomorrow we'll be at the ground floor haha

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I hope it will be a good day for climbing again :)

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It sure will, knowing that we will always get to the top when we don't stop

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It would always be

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All on top

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That will be short lived.

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Yes, I will be in the basement today :)

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Right there with you.

Hopefully it is not a hard landing. My ass hurts then.

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Currently miners are creating the selling pressure. If miners continue to sell below these prices, they will lose their jobs.

But of course, I don't know what will happen, further decline worries me. :(

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I would say that the miners are facing a lot of issues especially those that are extended greatly with debt.

We have no idea how low this can go. But the lower the price, the harder it is on the miners.

I think we can see many going under.

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100 today, yay!

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Nice one

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Thank you, a new climb will start tomorrow.

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Got to get 60 tomorrow...

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Me too. Stop trying to top me.

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I know, you are always many steps ahead

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Illusion can become reality.

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That's true too :D

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We are in a simulation. Or a hologram. Or a David Copperfield trick.

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100 Candies today 💃🏻💃🏻🍾🥂🥳🥳🤩🤩💯

Good day, evening and morning all 👋🏻👋🏻

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Congrats Jackie, have a sweet night :)

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Thank you so much… no sleep for me afterwards hahaha a long journey it was, in hours being up 😉

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I think you made that up.

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Did I? Hahaha… was early up to fly too Paris 🥳💃🏻🤩

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Just had my Candies today :)

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Facebook starting to adopt Ethereum and Polygon NFTs on profiles.

This is going to get very interesting as Web 2.0 platforms try to integrate aspects of cryptocurrency into them.

We will simply have to start pushing Web 3.0 more.

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Really interesting. Just shared the link on my FB profile.

!CTP

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Web 3.0 is the future, the existing platforms are bound to switch and/or integrate into web 3.0 platform. But if you look at the larger picture, the underlying infrastructure is key to web 3.0 platform. Blockchain is the solution for web 3.0.

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That is the difference. It is not just adding crypto to a platform, it is a completely different structure altogether.

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Hopefully it will make the people showing off their NFTs on Facebook question the entire premise of using a Web2 social media platform that owns their data and can ban them at any time.

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You are giving people a lot of credit.

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Who has the keys to those accounts? Still centralized in my thinking.

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Their users don't know that, yet.

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I am not sure how the particulars will work.

We know that centralized have a tough time decentralizing.

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Interesting. It might be one of its way to keep its user base.

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Or hurt it because they open the door to people learning about crypto and eventually lead them to Web 3.0.

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Yes. That's a good thing, (although not for them)

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For what it is worth, Deutsche Bank is calling for $28K BTC by the end of the year.

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What was their call at the end of last year lol?

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Yeah. That is what people do not look at.

Deutsche has no more idea than I do. I remember Tom Lee on CNBC constantly espousing his bullish viewpoint a few years back.

Totally wrong.

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So they think it will be more than 28K.

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There's no words here, just to what would happen

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Is the bear about to end? JPMorgan seems to think the cycle is advanced.

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I think the bear market may end before September.

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I am still looking for the risk on trade to go into effect.

While it could happen without it, I dont see it taking place unless the Fed reverses course, which it will at some point.

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In order for the Fed to reverse course, the upward trend of inflation must be broken. There are economic signals showing that the rise in inflation will be broken in September. I even think that towards the end of this year or in the first quarter of 2023, inflation will decrease.

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The whipsaw from inflation to deflation can be powerful especially since this isnt truly inflation but price increases. There is no money causing this but supply side shocks.

Thus the solutions is greater supply or less demand. The Fed is focusing upon the latter, since it cant increase the supply of anything.

We are already seeing many commodities starting to fall. Will the trend continue? We will see.

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You are right. The next 2 months are very important, we will wait and see.

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Just waiting for the completion of the last leg of Wave C.

BTCWave 5.png

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Hope so, we shall see. The market can be surprising.

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No surprises.

It will either go up, down, or sideways.

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Haha, that's true, but it surprises me when it goes another way than what I expect it to, lol!

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Ah young skywalker, remove the expectations and you cease to be disappointed.

Sometime I tell every woman I am with by the way.

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I'm stubborn, still expects at times. Thank you for sharing what you tell your woman :D

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Stubborn can be a good trait at times.

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The market is mature now, it'll be hard to be sure about anything from now, but we can be sure of one thing tough times don't last.

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Absolutely agree with you

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Yes or no?

$25 million for BlockFi? Rumor is that FTX is going to buy it. The CEO of BlockFi denies this.

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It was Celsius at first now it's BlockFi.

What's FXT plans with all these rumours, but I think Celsius offer is qyiite legit but just didn't push through.

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Consolidation is common in newer (and mature) industries. This is to be expected.

Yet most seem to be caught off guard.

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We saw red today. BTC is under $20K again and $HIVE's pump appears to be over.

It is now closer to 50 cents.

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HIVE's chart appears more advanced than BTC. Looking at the weekly chart, it seems that the last sub-wave 5 of Wave C has already been completed two weeks ago.

HIVEWave 5.png

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I am no charts techy, so does that mean a good sign to bag more? hehe

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Yeah. If the reading is accurate, it's an early indication of a trend reversal, a formation of three motive waves and two corrective waves within the Primary Wave I.

That's good to know, thank you :) I unstake a portion of my HBD 3 days ago for the purpose of acquiring more HIVE.

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HIVE below $1.00 is really a buying opportunity. Once it starts to climb to $1.00 and up, that for me is the time to convert some of it to HBD.

It sure is. I was thinking it might drop below 50 cents so I still didn't buy hehe.

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I imagine your comment as "CENT below $0.01 is really a buying opportunity"! 😆😅

Have some !LOLZ! 😁

Interesting move

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Could be. Unless, of course, your count is wrong. Then it is back to the drawing board.

Forecasting and TA is so much fun.

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TA is fun particularly when you hit it right.

And profitable.

Sound money management is always important.

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I knew the Hive pump was gonna be temporary. However, staying around $0.5 is cool.

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That is why it is called a pump.

It is followed by a dump. We know where it comes from. Simply look at the volume and we can see what is taking place.

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The SEC's decision really affected the holders of GBTC.

It seems that the SEC protecting investors is costing them money.

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hopefully friend I'm optimistic about btc even with this winter on the market

Everything will sure go green. Q3/Q4 has always looked on crypto over the last Three years.

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I have high hopes in Q4, I think Q4 or early Q1 of 2023 might produce a strong rally in BTC. A good time to accumulate BTC as much as you can during this period.

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That aligns with my view on the timing of things.

Watch the reversal in the Fed kicking off the risk on trade.

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I am thinking of putting together a Leofinance glossary of terms.

This would be a way to get some things, perhaps ranking on google, along with giving us a place to link back too within our articles.

Anyone have any thoughts on this?

@forexbrokr @hitmeasap

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Good idea.

My vision would be to publish this sort of thing on LeoPedia, but linking to the content on LeoFinance.

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Construction spending down in the US in May.

This contrasts with an expected print showing growth.

Another reflection on the economy?

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Equity markets are having a tough time going green this Friday. The headwinds seem to be pulling it down.

I think we are going to have a down week.

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Copper continuing its decline. Is this important?

Some believe that Copper is King. If that is accurate, we are seeing something very crucial.

https://tradingeconomics.com/commodity/copper

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ISM (manufacturing) data out today. Down across the board. Month over month not looking good.

We have discussed this in some of my recent videos.

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