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    Thursday, April 29, 2021

    [Daily Discussion] - Thursday, April 29, 2021 Bitcoin Markets

    [Daily Discussion] - Thursday, April 29, 2021 Bitcoin Markets


    [Daily Discussion] - Thursday, April 29, 2021

    Posted: 28 Apr 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

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    submitted by /u/AutoModerator
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    Nexon, Tokyo-based Video Game Maker Allocated $100 million To Bitcoin Purchase

    Posted: 28 Apr 2021 11:54 PM PDT

    Nexon, Tokyo-based video game maker allocated $100 million for the purchase of 1,717 Bitcoin at the price of $58,226, making it the latest publicly listed technology firm to purchase bitcoin. Nexon allocated less than 2% of its total cash and cash equivalents as of December 2020 into the Bitcoin purchase. Owen Mahoney, Nexon's president and CEO said the Bitcoin purchase will protect shareholder value and maintain the purchasing power of their cash assets

    Read Full on https://cryptocrunchapp.com/news/nexon-tokyo-based-video-game-maker-allocated-100-million-to-bitcoin-purchase/

    submitted by /u/CandisBalding
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    Platform for BTC options?

    Posted: 29 Apr 2021 08:21 AM PDT

    Did some searching and all the info is 100 days to 2 years old so I'm not sure if it's relevant.

    As the title states I'm looking for where I can trade options with bitcoin.

    I've heard LedgerX is near useless due to low liquidity. Other exchanges such as Powertrade aren't available in my country (USA, only country on the list that isn't a third world country or dictatorship).

    Is there any platforms where I can trade options in the USA without ridiculous fees and get decent fills and be able to exit positions?

    submitted by /u/Hugh_Jarmes187
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    Scammed over $100 from Voyager Crypto Exchange

    Posted: 29 Apr 2021 09:19 AM PDT

    I was one of the early adopters of Voyager when it was barely a new app and signed up on their wait-list to participate once the app was released and decided to support them. About a month ago I decided to invest about $100 in a new up and coming alt coin called Ocean (BOTS) on their platform. Out of the blue one day, I get this message from Voyager saying this, "Our recent review of your account has uncovered activity which doesn't meet our requirements and has a level of risk which we deem unacceptable. As a result, we are no longer able to offer you an account on our platform and your current account has been deactivated and closed. Our decision is final and there is no remediation available to you for reconsideration at this time." Dated Tuesday, April 6th, 2021

    I was completely dumbfounded, shocked and appalled at this letter obviously. I have zero idea what they are talking or referring about. Maybe/Apparently, I might have been hacked? The problem is, they have cut off communication 100% from me and will not respond to a single letter I write them. On top of that, they have FLAT OUT STOLEN my money I have invested in their app.

    I am past the point of begging them and giving them the benefit of the doubt as it has been weeeeks now of zero communication from them. I plan on spreading the word to stay as far away from these outright SCAM ARTISTS and THIEVES as many places as I can.

    submitted by /u/loganblackkk
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    BTC investment advice for a complete NOOB

    Posted: 29 Apr 2021 04:16 AM PDT

    I have posted in here before and got some great feedback so I figured I would turn to the community for assistance. I am a newcomer to the world of crypto, I have never invested before and I have been overwhelmed by the amount of information out there.

    Basically, I want to invest in bitcoin, starting small and building things up over time. My initial investments will probably be in and around £50 per month (either one off buys or by using a DCA stratergy). I have no intention of trading with my btc, I only want to hodl and see where it takes me over the course of the next year or two. I realise that I will not be investing a ton of money per month and now need to decide which app will be best suited to my needs. Coinbase, Coinbase pro, Binance, Trust wallet, Gemini, Crypto.com.....there are so many and I just do not know which one to choose, which one will have the best fees, which will allow me to withdraw (if needed) hassle free and which will provide the best overall user experience for a newbie like myself. I look forward to seeing hearing what you think and than you in advance for any feedback given :)

    submitted by /u/davidgbutler85
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    Complain about Cyber scams

    Posted: 29 Apr 2021 03:30 AM PDT

    I don't know if this happened to you in the past, but I'm really tired that totally unknown profiles contact me over and over again on Facebook or Instagram to ask me if I want to invest in something like Crypto Mining or using them as agents to buy and sell cryptocurrencies. This is not reliable at all, people get easily scammed and I'm really tired that those scammers keep trying, this situation must come to an end.

    In my personal case, I myself am really interested a lot in the world of cryptocurrencies and that's why it bothers me so much that these things keep happening, that's why I informed myself a lot more enterprises that operate with blockchain technology and cryptocurrencies. I also searched for safe forms to buy them, for example buying them from the enterprise that offers them or using softwares of enterprises that are recognized in this sector to buy and sell cryptocurrencies such as Coinbase, Uniswap, Binance, etc.

    In the end, I ended up building a portfolio with cryptocurrencies such as $INXT, $DOGE and $XRP, all this without falling into this type of scams, otherwise, I would have ended up losing my money either on a bad investment or because they just take it and leave.

    I hope this information is useful for other people. Please be very careful with these cyberscams. If you really want to invest in something, at least try to inform yourselves well and see how to achieve that without taking such risks, it can end up very bad.

    I also leave here some links where I searched for information about cyber scams, since there are many different types and ways of how this happens.

    https://www.ebf.eu/ebf-media-centre/cyberscams/

    https://www.usa.gov/online-safety

    https://www.usa.gov/stop-scams-frauds

    https://heimdalsecurity.com/blog/top-online-scams/

    https://us.norton.com/internetsecurity-online-scams.html

    submitted by /u/EstellPropst
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    Bitcoin NEEDS to Hold This Line (Apr 29 Forecast)

    Posted: 28 Apr 2021 05:16 PM PDT

    Bitcoin fell a bit on Wednesday, initially rallying just above $55K before pulling back, closing the day just under $55K with a small inverted hammer. This isn't a great-looking candle but what's important to note is the higher high and higher low.

    (April 28, 2021 8:30PM EST)

    Short-Term:

    We are back above the 50 Day EMA now (see chart) so the real test will be to see if BTC finds support at the 50 Day EMA or falls back below it. Staying above the 50 Day EMA is obviously bullish and we should then look to $55K and $60K. If BTC breaks below the 50 Day EMA, then we could be entering a more prolonged consolidation period in which Bitcoin oscillates in the $40K - $50K range for a while.

    The overall trend is still up so there's no cause for concern, and dips are still buying opportunities, as anyone who bought BTC last week under $50K is now up ~10%. The uptrend is not in question unless Bitcoin breaks below $40K or ultimately the 200 Day EMA around $35K, which should be our absolute floor at this point. As long as we stay above these levels, we're in bullish territory.

    It's easy to let bearish sentiment distract from your vision if you don't have a sound technical strategy. 20-30% drops are significant and not uncommon in crypto, so it's especially important to zoom out and look at the charts to keep the bigger picture in the front of your mind.

    RSI has stabilized a bit after falling, currently at 47 on the daily chart.

    Long-Term:

    Here is the Bitcoin Dominance (BTC.D) weekly chart, showing Bitcoin's plummet in dominance to levels not seen since mid-2018. This is no concern because as the crypto space grows, so too do other projects with legitimate use-cases which take some market share.📷

    With BTC.D now at a major support level, we should see buyers start to step in and a bottoming pattern start to form before Bitcoin's next macro wave up to probably around 70 - 72% BTC Dominance. This will likely be the longer-term wave that takes BTC to $100K or above before a subsequent alt rally soon to follow thereafter.

    Support: $50K, which was tested and held.

    Resistance: $60K, then $70K, $80K, then $100K.

    submitted by /u/moneyredpill
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    Bitcoin ��

    Posted: 28 Apr 2021 11:02 AM PDT

    Your biggest financial goal right now is to beat inflation. If you can't make money faster than inflation, you're going to have a long, hard life. The dream house and Ivy League education will get more expensive and that cash in your bank account is going to waste away. If you understand this, you'll get richer. If you don't, you're stuck on a treadmill going backward for the rest of your life. This should scare the hell out of you. For people in America, it's happening slowly — you're losing 1-2% of your dollar value every year (and that's if you compare it to consumer prices, it's way more if you compare it to asset prices). For people in Venezuela, like Carlos Hernandez, his wealth disappears every time he takes bolivars to the shop. This is happening all over the world as central banks fuck with the money. It's easy to ignore this problem if you live in America and Europe. But the inflation rate in Argentina is 55%. It's 16% in Nigeria — the biggest economy in Africa. It's 12% in Turkey and rising fast.

    Bitcoin is the best store of value ever invented. And people are starting to take notice. This is what I mean when I call bitcoin 'hard money you can't fuck with.' The current financial system runs on printed cash. They are screwing with the money and it's hurting you and your family. That's why people buy bitcoin. To opt out of this ludicrous system that devalues your money, steals your wealth and charges it to our future generations. 2020 was the tipping point. As a result of all this insane system, companies started buying bitcoin.

    submitted by /u/wizzzzo1
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