Why is a Bitcoin ETF so important to Bitcoin maximalists? Because of the way market structure has evolved over the past decade, a Bitcoin ETF has the potential to push Bitcoin to levels even higher than what we’re seeing today.Getting in is one thing, how do you get out? (Photo by ActionVance on Unsplash)Samantha Reid was holding her phone and tapping away to ensure that the QR code that was her ticket to see her favorite black metal band didn’t disappear from her phone.As Reid made her way towards the concert hall, which was an old college theater, she realized that many like her were also making their way to the venue.Around the block a steady stream of bodies was lining up to see the band “Saltpeter” live in concert.Right away, Reid noticed that part of the reason the line kept growing was that there was only one entrance into the concert hall.So even though there were like five or six staff scanning tickets with their mobile phones, only one or two people could file into the concert hall at a time.And when it came time for Reid to finally make her way into the hall, she also noticed that the other exits were blocked off by band equipment, or unused furniture — surely this couldn’t be safe she thought.So halfway through the concert when a fire broke out at the backstage area, a stampede of people rushing for the exits crushed everyone — almost in an instant, sweaty bodies were falling on top of one another as the concert hall quickly built up with thick smoke.To make matters worse the fire killed the lights and the room was in darkness, with the sole emergency exit light obscured by the thick black smoke.In a panic, Reid tried to find her…
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India must hold cryptocurrency: Govt needs to find a way to repay 7 million Indians holding Bitcoin
It is somewhat similar to saying psychological militants may utilize geospatial information-based computerized map administrations, so let us boycott the innovation inside and out.India should not boycott digital currency; all things being equal, it should accept it. It should regard it as an advanced resource and a convenient store of riches, not as a responsibility or a danger, or even as contending cash — which it is undoubtedly not. Forbidding crypto is practically inconceivable. It is similar to saying we should boycott the web. Whether India needs to do it, it can’t work for different specialized and political reasons. One could go above and beyond and contend that the public authority doesn’t completely comprehend the potential and the colossal chance that crypto offers and consequently may like to take the more secure course of forbidding it, referring to public safety. It is somewhat similar to saying psychological militants may utilize geospatial information-based computerized map administrations, so let us boycott the innovation inside and out. Crypto can, in reality, for illegal tax avoidance, as can Google maps for planting bombs — so direct it, don’t boycott.India should take advantage of the lucky break and make a computerized rupee and back it with the 600–700 tons of gold lying inactive with the Reserve Bank of India (RBI). World Bank, IMF, and so on Spearheading like Elon Musk have embraced crypto at one time or the other. Restricting is an automatic response and will drive vendors (India has around 7–8 million crypto-proprietors, holding more than $1 billion) to discover dim or seaward business sectors to execute. Additionally, remember nothing of the sort like ‘private’ crypto, for all depend on open, open-source blockchain innovation.Without a doubt, Computerized money can well reinforce an Atmanirbhar Bharat’s establishments with a first-historically speaking gold-moved computerized cash on the…
What will be the trend of Pancakeswap (CAKE) in the future? Will it rise or fall?
Pancakeswap, a decentralized exchange, is based on BSC (Binance Smart Chain), which uses an Automated Market Maker (AMM) to allow the users to trade against a liquidity pool.The market price of Pancakeswap has reached $13.28 at the time of writing, by a decline of 14.75% in 24 hours. It has a trading volume of more than $275 million across various exchanges. According to the data, it started the journey in September 2020 with a trading value of nearly $1.37. Initially, it had a bearish trend to trade at $0.22 in November, and by the end of the year, it managed to recover and reach nearly $0.58.Talking about 2021, it started well with a market price of nearly $0.6. Since then, it has started the bullish trend to grow continuously. It reached its all-time high on February 19 at $19.11.Notably, Pancakeswap is used for swapping the BEP-20 tokens using AMM. It also allows the users to trade additional tokens like SYRUP and CAKE. One good thing for CAKE is that it is built on Binance, the world’s largest exchange. It might introduce new liquidity pools to have more participants that will further increase its price. It can be expected that Pancakeswap will continue its bull trend to grow by more than $70 by the end of 2021, and it can even grow far more than $150 by the end of next year. CAKE seems a profitable investment for the long term.If you want to trade CAKE, you can easily do it at many popular exchanges like Binance, CoinDCX, and Gate.io. It is effortless to use, and it also offers a faster transaction speed with low prices. It is indeed a profitable investment option if you are looking for digital currency with good returns.Remember that there is always a risk of bugs…
Bitcoin outbreak in sight?
The crypto market is ailing. All top coins come under selling pressure and shift into reverse gear at the weekend. Are there any signs of a downward trend?After months of upward trend, the crypto market is showing the first signs of fatigue. While the Bitcoin price rose to 51,000 US dollars in yesterday’s trading, it fell to 45,321 US dollars with a 24-hour loss of 11 percent at the time of going to press. The Altcoins also clearly had to give up. With the exception of Cardano (ADA) and the Stablecoin Tether (USDT), all top coins recorded price losses in the double-digit percentage range. Binance Coin (BNB) and Polkadot (DOT) each got hit particularly hard with a 15 percent discount. But Ethereum is also turning significantly south, with a minus of 13 percent compared to the day. Have the bears awakened from hibernation?While the bulls have had the market firmly under control in the past few weeks, the bears are now coming back loudly. In just 24 hours, total market capitalization dropped by $ 160 billion. Bitcoin market capitalization has slipped back below the 1 trillion mark since Tuesday, falling to $ 850 billion.Even if the war of direction between bears and bulls takes place at the 50,000 mark, the indicators continue to point to growth. According to Ki Young Ju, CEO of the blockchain data platform CryptoQuant, there were massive re-purchases in yesterday’s trading. Around 13,000 Bitcoin have flowed from the Coinbase crypto exchange to several Coinbase Depot wallets. According to this, “US institutional investors were still buying Bitcoin at a price of 48k.” According to Ju, this is “the strongest bullish signal” he has “ever seen.”Glassnode CEO Rafael Schultze-Kraft also agrees with Ju . Accordingly, “the amount of illiquid Bitcoin supply in the network has grown faster than…
Understanding the Bear Market in Cryptocurrency
A cryptocurrency bear market refers to a market situation expounded by caution and pessimism during which traders are much more likely to sell than buy. During a bear market, you can expect to gain lower highs and lower lows. A good example of this is the 2018 cryptocurrency crash also known as the Bitcoin crash and the Great crypto crash. This was the sell-off of most cyptocurrencies from January 2018. After an unparalleled boom in 2017, the price of Bitcoin dropped by nearly 65% during the month from 6 January to 6 February 2018. A price correction is different from a bear market though. A bear market is a sustained period of time defined by remarkable downward movement, whereas a price correction is a decline of a minimum of 10% in the price of a security, asset, or a financial market and it occurs when the price of an overvalued currency, asset, or commodity, corrects itself. The Cryptocurrency market is more volatile, making it more common to see a considerable and extended bear crypto market.
How To Use Free Cash Flow To Value Tech Stocks
Facebook is another free cash flow cow — it makes so much FCF we can use this to predict its stock price.Facebook produced an astounding $9.22 billion in FCF this past quarter, 91% more than it made last year. This is shown by Facebook on page 9 of its recent earnings release. You don’t have to figure this out yourself — the company does the calculation for you.Moreover, this $9.22 billion FCF was also 55% more than the prior quarter 5.95 billion FCF. In other words, Facebook makes so much money selling advertising its excess or “free” cash flow is growing 55% quarter-over-quarter.That means its stock price is going to rise. No wonder it is up over 31% in the past year. However, recently the stock has been fairly flat. So focusing on FCF might be able to help us see where it will be in one year.For example, in a recent article, I estimated that Facebook will likely produce $32 billion in FCF this year. This is up 39% from the $23 billion in FCF it made last year.Its present FCF yield is 3.0% (i.e., $23 billion divided by $752 billion). Therefore, using a 3.0% FCF yield, the 2021 market value should be $1.066 trillion (i.e., $32 billion divided by 3.0%). This is 41.8% over today’s market cap. That means FB stock is worth about $361.13 per share, or 418% higher.Therefore, look for this cash cow stock to rise significantly higher this year.And, if the market were to revalue its FCF even higher, such as at 1.9% like at AMZN, FB could be worth as much as $1.684 trillion. That would put its price 123% higher at $569 70.You can use free cash flow to see where a tech stock price might rise. Or you can use it to…
4 Obvious Steps to Gain Financial Independence Startup Founders Miss Out On
Photo by Austin Distel on UnsplashWho doesn’t want to achieve financial freedom? Everyone does! We know for a fact that many of us want to retire as early as possible. Some of us want to achieve success early in this lifetime. We don’t want to have an 8–5 job until the golden age of retirement. Do we have to wait until we’re age 60 to enjoy our money in savings? It’s something that we don’t want. That was the dream 20 or 30 years ago for the generations before us. This was especially true for the baby boomers who have their reasons. But right now, our generation doesn’t see it as fit anymore. We want to work smart, make our money work for us, and live in the moment. In other words, we don’t want to spend our lives working forever! Who’s with us when we say we want to enjoy life?“A huge mistake that many of us make is to work hard our entire life for money and not require money to work for us in return.” — Daniel WilleyCan you imagine if this concept was taught early in school? Or how important it was to have a frugal lifestyle? Many of us would’ve achieved financial independence as early as possible. If we were equipped with financial knowledge, it would steer us away from any heavy debt. Wouldn’t that be great? Saying ‘I want to live frugally’ and ‘I want to achieve financial independence’ is easy to say or write down in words. In reality, it’s one of those things that’s hard to apply. Believe it or not, these two go hand in hand with one another. The faster you learn about this, the faster you’ll achieve that financial independence. That’s why we’re here to help you out get…
5 Best Purchases Everyone Can Make in Their 20s
Photo by Austin Distel on UnsplashFresh from your teenage years, the 20s are the best period. It’s the time where you have gained true independence. It’s a time of change as well. You might have moved out of your parents’ house and starting on your own. Without realizing it now, it will become the most turbulent period in your life. Sometimes, you’ll buy unnecessary material things based on unexplainable whims. Or the latest purchases are to show off to others. You want to tell the entire world that you can afford nice things and impress your circle of friends. For others, it could be something nice to post on social media. You might spend more time socializing more than anything else. You will meet all kinds of people from all walks of life. This is the perfect time to start networking as you’ll never know you’ll be needing them later on. You’ll realize that you’ll need to surround yourself with the right people. Hang out with a crowd who shares common long-term goals other than impressing others.Most people agree to be in your 20s is about “having the time of your life”. This period is about having fun and enjoying yourself. On a serious note, you are most likely on the path to finishing a bachelor’s degree. Others plan to take up their master’s degree. This stage is discovering who you are, learning new things, and finding out which things work for you. Now, you are starting to work or pursuing a career you’re very much interested in. For many, it will be the first time earning X amount of dollars. It will be a big accomplishment earning for yourself. It means you’re not asking for money anymore from your parents. This means you can look after yourself, buy nice…
Surpassing Uniswap Volumes, MDEX CMO Reveals How
Dubbed the “DeFi Golden Shovel” in Chinese cryptocurrency circles, MDEX is a brand new DEX (decentralized exchange) which launched only a month ago on January 19 2021.Their spectacular numbers at DeFiBox have certainly been raising eyebrows:Highest daily transaction volume — USDT 5 Billion (latest update) https://twitter.com/Mdextech/status/1364448234387632130Total Volume Locked (TVL) — USDT 2.060 BillionOver USDT 100 Million Transaction Mining fee subsidies for usersOver USDT 40.5 Billion in total transaction volumesOver USDT 15.7 Million in total repurchases of MDX tokens with a real-time deflation rate of 5.96%Over USDT 13 Million in total rewards paid outTotal market value of MDX mining output is USD 628 millionMDX token value has risen from USD 1 to USD 6.5We speak to MDEX.COM CMO Kiko to get the lowdown on these statistics.Q. You have managed to overtake Uniswap as well as Sushiswap in your recent daily transaction volumes and generally maintained daily trading volumes in excess of USD 1.5 billion. How is it possible for such a new DEX to generate such high trading volumes?I do believe our platform is a quality product. MDEX has differentiated itself from the market with our unique “dual mining mechanism”, where we implement both transaction mining and liquidity mining. The user experience was designed to be excellent for both projects and users. Furthermore, our low handling fee of only 0.1 cent per swap means that 1 USDT of HT can support nearly 1,000 swap transactions. This is combined with low slippage, good depth and high APY for transaction and liquidity mining. In transaction mining, the MDX platform tokens mined can subsidize the handling fee and there is room for appreciation, another benefit.An important point is our ‘chemistry’ with the Huobi Eco-Chain (Heco). Operations between Huobi Exchange and MDEX.COM are configured to be user-friendly and simple.In a nutshell, I would say there…
MDEX Overtakes Uniswap in Daily Trading Volumes, Captures 54% of DEX Market Share
Singapore, February 26, 2021 — Fast-growing Heco-based MDEX recently announced their record-breaking daily transaction volume of USD 5.05 billion. Implementing a unique ‘dual-chain dual-mining’ mechanism on the platform, MDEX burst on the DEX scene just slightly over a month ago on Jan 19 and has not looked back since.The young and ambitious DEX has its sights set on dethroning Uniswap and has surpassed the DEX king a number of times in daily trading volumes, the most spectacular being its USD 5.05 billion volume on February 24. Currently in terms of DEX market share, MDEX is ranked number one on Coinmarketcap, capturing 54.49% of the market at the time of this writing.Skyrocketing DEX Environment2020 saw the DeFi market begin its exponential surge with a temporary slowdown in November. From December to the beginning of 2021, the pace picked up again with a vengeance and a number of the top DEXes have begun to boast daily trading volumes exceeding USD 1 billion.The DeFi space has been offering decentralized financial alternatives in the form of decentralized exchanges (DEX), lending, insurance, stablecoins, derivatives, aggregators and more. Currently, the total DeFi TVL on the Ethereum public chain is USD 38 billion, a 38-fold increase from one year ago. Just on the Ethereum chain alone, MakerDAO, the leading decentralized USD-pegged stablecoin Dai, has a market value of USD 6.3 billion; Aave, the leading lending company has a market value of USD 5.03 and Uniswap, the leading DEX has a market value of USD 3.9 billion.Zero Transaction Fees and Fast Transactions on MDEXAmid concerns about Ethereum’s high gas fees on Uniswap, however, many DeFi users are beginning to look at alternatives in the DEX space.Based on the Huobi Ecological Chain, MDEX leverages the Heco public chain to deliver low transaction fees and fast delivery times. Presently, MDEX.COM…