welcome back guys you're watching entrepreneur and in this video we're
going to be going over today's news some stories that I wanted to touch on as
well as the price movements that we're seeing today with the cryptocurrency
market so if you guys enjoy daily cryptocurrency content make sure to hit
that subscribe button and stick around for future content but if you guys are
interested and anything that we have available to you in the description like
our top 17 cryptocurrencies go ahead and check that out that is a free list for
you guys to download and peruse some of the top currencies top assets all coins
whatever you want to call them that I specifically am looking at to trade
every single day so getting into today's video what we're looking at today in the
market is an overall green day actually when we get right into the charts you'll
actually see that quite recently we actually saw a bump up from Bitcoin and
some of the other coins but overall seeing a nice green day across the
markets here on corn Marquis cap but I want to get straight into the charts
because I'm actually quite a little bit more confident with the markets after
today's movements so here we are on the daily last few days we've been kind of
contemplating where exactly are we moving right are we are we going up are
we going down kind of seems like we're in I guess a crossroads at this point so
I pointed out earlier this week that we were trading within this channel right
the bottom was around 6100 and the top seemed to be around 6700 as you can see
here by the blue the blue lines the blue parallel channel that we created so
we've been bouncing in between that and two days ago we actually got a bounce
off of the bottom of that channel at about 6300 so we saw that bounce and I
was a little bit more confident in the market after we saw that bounce showing
that we were still trading within that channel and the market was still
following some good technical patterns so today actually we actually got even
more of a bounce up and we are now trading at about 66 62 which is
definitely a good sign hopefully we can get this burst up out of this channel or
they stay in the channel you know and overall it seems like the markets taken
and overall more bullish tone and again jumping into the for our what
we discussed the past few days is we saw a a bullish tone for the volume metrics
on Bitcoin at least as you can see we were pointing out the MACD over the last
few days has looked very good on the four hour and finally today that has
finally paid off where they jump up to six six six nine right now so we
literally just got this jump if you actually jump in at the 5-minute like
twenty minutes ago so right when I'm bringing you this video it's actually
quite recent but on the four hour we can clearly see that has finally come to
fruition we have finally gotten jump up and now we are just getting above the
200-day moving average on the four hours so now my question is going to be can we
stay above that can we continue to push up from here and we'll have to see as
this plays out are we going to have a similar result to what happened back
here right we came up pounced off of the resistance came back down okay I want to
circle that area because we came back down bounced off the 200-day MA came
back up again got rejected at the resistance and then came back down yet
again so hopefully this time but we can get not only stay above the 200-day
moving average but break out of this current channel and start to push up a
little bit more I think the markets overall are a bit more confident than
they were you know say a month two months three months ago so overall I
think cryptocurrency is taking a more bullish tone and that you know a good
segue into the story that I wanted to discuss today with you guys which is USD
coin so USD coin circles tether is the title of this little little story right
here but basically just a bit of a back story for those of you guys who don't
know tether is basically a USD stable coin so
it allows people to you know sell their Bitcoin into what is called tether to
allow themselves to not take any losses of bitcoins price drops because tether
is basically tied to the price of the US dollars so it allows them to keep their
money safe quote/unquote safe but there were a bunch of problems with tether one
of those being people weren't sure if they actually had the money to back the
amount of money that they said they had so there were some problems with that
finally they did get resolved kind of by lawyer it's a long backstory so you'll
have to look into it if you are interested but after that happened there
were a lot of talks about new stable coins and from one of them from the
company circle so circle is actually backed by Goldman Sachs if you open up
their website circle pay they have circle invest they also I think own
pallone e^x now I don't know maybe they don't know me I don't think they'll
employ any acts that are just partnered with them to trade USD corn but they
have come out with USD coin now what is the real impact of USD coin and the
reason I titled this video you know is USD coin a turning point for
cryptocurrency is because I really think it could be and here's why so the market
of stable coins just became even less stable a new serious rival has emerged
for tether currently the most popular stable coin however opinions differ how
the battle between USD coin a cryptocurrency released by circle a
crypto startup backed by investment bank Goldman Sachs so that's really where a
quote-unquote turning point could come into play I feel as though with a large
institutional institutional bank backing this project the impact that it could
have on the community as well as bringing new people into cryptocurrency
could be huge I could be wrong but you know in my mind I think a large
investment bank if they're invested into this company already they would want it
to be successful and they would want you know cryptocurrency to be more
successful overall to allow the company to be more successful so I think the
influence from Goldman Sachs on the company will definitely have some sort
of a backing a sense of backing when people see you know oh wow USD coin is
comes from first off the legitimate company circle and then is also backed
by Goldman Sachs so that is kind of how I feel on you know this new stable coin
but individuals and institutions can enroll in this service to deposit US
dollars from bank accounts convert those dollars into tokens usable everywhere
the internet reaches and redeem us DC tokens and cash out to bank accounts so
I'm sure you guys understand most of that
works pretty simply just how you know tether would work or coinbase cashing
out into your bank account but I want to actually focus on what USC coin is for
those of you guys who don't know why it's important and everything like that
so the main reason why I feel this is such an important stories because having
a good stable coin that people can be confident in that actually works and is
not going to you know lose all its value one day or the owners might just run off
with all the money really I think will help increase the amount of people that
are involved in trading cryptocurrency investing in cryptocurrency and just
interesting cryptocurrency overall because what people don't seem to really
comprehend when I try to talk to other people who don't really know much about
cryptocurrency people are always like well how am I supposed to you know trade
against Bitcoin what do you mean the pairing is against Bitcoin people don't
like that you know if they want to buy let's say silica you know one of my
favorite all coins if someone wants to buy silica currently they have to buy it
against the price of Bitcoin and that's where people get confused they don't
really understand they're kind of you know nervous because they know bitcoins
very volatile so I think once you allow the entire market of cryptocurrency to
be invested upon with a stable coin like USD coin it's going to get much more I
guess you could say widespread the usage of trading cryptocurrency in my opinion
because of the fact that there's that confidence that I can trade with my you
know with my currency right at least for me I live in America and I used the US
dollar I can trade with my currency and I'm going to be confident that the
money's not going to lose value or you know vice versa a gain value when it's
sitting in USD coin or USD tether whatever it may be people want to be
confident that their money is safe and whatever it's in so this is basically
just a run down I'm really happy that this project is finally coming out and
I'm excited to see once they integrate with Vine ants because that's really
where I trade most of the time so I crypto with a stable side with the USD
see you can move dollars anywhere in the world in
minutes instead of days so of course it's cheap and secure they're excited
for that but also regulated transparent and verifiable so this is the part I'm
really excited about circle is a regulated money transmitter with a bit
license for virtual currency exchange so we're an open financial book before us
DC can be used the Associated USD is deposited with one of our accredited
bank partners and we published those Holdings regularly to verify the one to
one ratio and at the ready trading for a crypto only exchanges u.s. DC is the
bridge between dollars in trading and for those exchanges that are to accept
fiat you won't have to wait waste time waiting for your money to show up from
the bank so definitely excited for this part because one of the problems for me
at least it's like having to transfer money over to coinbase you know it takes
7 to 11 days in order to not pay fees and you have to transfer it to
corn-based Pro and then set a limit order just to not pay your fees and
again that takes like over a week if we're just allowed to just buy USD coin
right away maybe they'll still be fees but at least you know we're not buying
like like usually I'll buy litecoin and then transfer into finance if I want to
buy something right now but in that case usually I'm already down you know 3%
because I had to sell the light coin for less than I bought it for because of
course corn-based charges a fee and everything like that so I'm really
excited to be able to just buy USD coin eventually straight friendly in exchange
I know it's on Polonia X already so these are the exchanges it's available
on queue coin Polonia X either really the only ones that I've handled before
but super excited for this I feel that it's overall a turning point because
once we start to see pairings for every single cryptocurrency for every single
asset that uses blockchain technology paired with eighth you know a stable
coin that people can believe in it's going to basically turn into the new
stock market and I know I say that that's quite a statement but in a sense
at least for me in my eyes because right now the crypto currency markets
everything is mostly traded against Bitcoin for the most part except you
know I only trade against Heather when I can but since things are trading its
Bitcoin it's very risky compared to other financial
markets like the stock market bond markets everything like that so I think
this will deliver a new form of confidence for people in the markets and
overall be a better an overall good influence on how people view
cryptocurrencies so that is all I have for today let me know what you guys
think in the comments section below what do you guys think of USD coin is he
going to change the way people view cryptocurrency is it going to you know
put some more confidence in the market is it going to be a good thing is it not
really gonna do anything like true USD I remember true USD came out and I was
excited for that but that never really went anywhere so let me know what you
guys think of it interested to get your opinions and of course would love to
discuss in the comments so as we're talking right now bitcoins actually on
the run so hopefully that continues shot the rest of the day but besides that I
will see you guys tomorrow for another video and again make sure
you get our top seventeen Kryptos I know you guys will love those go ahead and
you know invest in those those are good projects verified by me but I'm not a
financial adviser so don't take my advice all right I'll see you guys
tomorrow have a good one
For more infomation >> Haiti Fest 2018 will benefit students in Haiti - Duration: 2:47. 
For more infomation >> Shingrix Shortage: When Will It End? - Duration: 2:47. 
For more infomation >> AI: Will machines do our work better? - Duration: 6:21. 
For more infomation >> Breaking: Jeff Flake announces he will vote to confirm Kavananaugh - Duration: 0:43. 
For more infomation >> Kielburger brothers will appear at A&M-Corpus Christi Distinguished Speakers series - Duration: 2:33. 
For more infomation >> Detroit Lions will try for back-to-back wins - Duration: 0:35. 
For more infomation >> AI: Will killerrobots decide over life & death? - Duration: 5:46. 
For more infomation >> Häxorna i Tornet Kapitel 7 (Eng Sub CC will be available soon) - Duration: 19:51. 
For more infomation >> Ultra Music Festival Will Not Be Returning To Bayfront Park - Duration: 0:24. 
Không có nhận xét nào:
Đăng nhận xét