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[Gypsygirl11]

XRP is moving.....start praying 

[Pitcher]

https://dailyhodl.com/2020/11/22/ripple-launches-push-to-make-xrp-ledger-integral-part-of-central-bank-digital-currency-movement/amp/?__twitter_impression=true
 

Ripple Launches Push to Make XRP ledger Integral Part of Central Bank Digital Currency Movement

By Daily Hodl Staff

Ripple is pushing to bring the XRP ledger to the world of central bank digital currencies (CBDCs).

The San Francisco startup is looking to hire a senior director of central bank engagements, according to a new job listing.

“Ripple is looking for a proven leader to lead our strategy, partnerships and project work with central banks around the world with an initial focus on supporting their central bank digital currency (CBDC) initiatives on XRP ledger. 

In this role, you will define and lead Ripple’s strategy with central banks, build relationships with and educate central bankers around the world, and secure and manage partnerships with central banks to build and deploy projects.”

Ripple CEO Brad Garlinghouse recently said central banks can consider using the XRP ledger to issue stablecoins. He also said XRP could be used as a bridge asset to exchange digital forms of fiat.

The new hire will focus on developing strategies to integrate Ripple’s products with the nascent CBDC market and pitch various ways in which banks can utilize the XRP ledger.

Ripple says it wants to partner with CBDC projects and manage a “target list and pipeline of banks and projects and driving the deal process from start to finish.”

[KaitlynnD]

oh wow this is very very helpful! I've been trying to understand crypto for a while now and I want to invest there too. I also read articles and bligs to understand crypto more. however, I think what works best for me to understand crypto is to watch videos online. 

Edited November 24, 2020 by KaitlynnD

[gregp]

On 11/22/2020 at 8:19 PM, Pitcher said:

https://dailyhodl.com/2020/11/22/ripple-launches-push-to-make-xrp-ledger-integral-part-of-central-bank-digital-currency-movement/amp/?__twitter_impression=true
 

Ripple Launches Push to Make XRP ledger Integral Part of Central Bank Digital Currency Movement

By Daily Hodl Staff

Ripple is pushing to bring the XRP ledger to the world of central bank digital currencies (CBDCs).

The San Francisco startup is looking to hire a senior director of central bank engagements, according to a new job listing.

“Ripple is looking for a proven leader to lead our strategy, partnerships and project work with central banks around the world with an initial focus on supporting their central bank digital currency (CBDC) initiatives on XRP ledger. 

In this role, you will define and lead Ripple’s strategy with central banks, build relationships with and educate central bankers around the world, and secure and manage partnerships with central banks to build and deploy projects.”

Ripple CEO Brad Garlinghouse recently said central banks can consider using the XRP ledger to issue stablecoins. He also said XRP could be used as a bridge asset to exchange digital forms of fiat.

The new hire will focus on developing strategies to integrate Ripple’s products with the nascent CBDC market and pitch various ways in which banks can utilize the XRP ledger.

Ripple says it wants to partner with CBDC projects and manage a “target list and pipeline of banks and projects and driving the deal process from start to finish.”

I wish Iraq would crap or get off the pot so I can purchase some XRP before it leaves planet earth. It’s starting to blast off.

[SocalDinar]

I'll stick with precious metals.  Metals will always have real value. And metals can withstand a major solar flare LOL.

[Pitcher]

11 hours ago, SocalDinar said:

I'll stick with precious metals.  Metals will always have real value. And metals can withstand a major solar flare LOL.

 

Get both. I’ll bet you have paper Currency in your wallet.  Everyone will have an E Digital Wallet with Crypto tokens in the future.  It will replace paper money and so much more.  

[Gypsygirl11]

Well the markets crashing. I was getting used to make and a couple grand in a couple days....all gone now. Frigging coinbase crashed!!

[Pitcher]

I posted these next two articles in the VIP but wanted to share it with the general board.  Today’s action in XRP was not unexpected for me.  The Parabolic Run over the last week needed to correct but we may have gotten a bigger drop based on the articles below.  I’m a believer in XRP and am looking to buy once I feel we have hit the bottom for this drop.  Be careful and do your own Due Diligence and what is right for you.  Cryptos are still a new Asset Class in need of more clarity and regulations. Volatility is going to happen.  

 

https://cryptobriefing.com/u-s-treasury-department-proposal-existential-threat-to-bitcoin/?amp&__twitter_impression=true
 

U.S. Treasury Department Proposal an “Existential Threat to Bitcoin”

Nov. 26, 2020

Key Takeaways

• CEO of Coinbase expressed concerns over a forthcoming U.S. law planned by the Secretary of the Treasury, Steven Mnuchin. 
• The new law would impose KYC verifications for self-hosted wallets and smart contracts. 
• Apprehension around the regulations is putting negative pressure on Bitcoin and other cryptocurrencies. 

Share this article

The CEO of Coinbase, Brian Armstrong, shared detailsof an alleged proposal from the U.S. Department of Treasury, which experts think “could be an existential threat to Bitcoin.” 

More Surveillance of Bitcoin Users

The outgoing Trump administration is planning to implement a mandatory KYC rule for self-hosted Bitcoin wallets. 

Self-hosted wallets include open-source crypto wallets like Bitcoin Core and Metamask and extend to DeFi, hardware devices, and paper wallets. Armstrong elaborated in the Twitter thread: 

“This proposed regulation would, we think, require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party before a withdrawal could be sent to that self-hosted wallet.”

In June 2019, the Financial Action Task Force (FATF) issued new guidelines for virtual asset service providers (VASPs), which require crypto businesses to obtain users’ personal information before they can send and receive digital assets. 

Compliance with KYC and AML rules on Bitcoin on-ramps and exchanges are widely implemented across the industry. The governments have forced many crypto exchanges to make KYC mandatory for registration. Thus, have access to transaction details of the exchange users. 

However, self-hosted Bitcoin wallets that have remained anonymous make it difficult to enforce the latest travel rule. Moreover, over 500,000 Bitcoin has moved off exchanges this year, making it difficult for authorities to keep track. 

The regulators clearly demand more adherence to the FATF guidelines by requiring information about all crypto wallets, not just platforms like Coinbase. 

The Netherlands has already implemented a similar ruleciting precedence with their Sanction Act of 1970. 

Regulatory Concern Pauses Bull Rull 

Crypto Twitter expressed strong concerns about the gravity of the situation. If implemented, it would hamper privacy and prevent any degree of anonymity of a person’s Bitcoin wealth. 

Angel Investor, Balaji Srinivasan, called for resistance to the proposal. He said: 

“The proposed new anti-crypto regulation by [Steven Mnuchin] is a form of financial disenfranchisement. It harms people who lack ID, further expands the surveillance regime, and sets up more honeypots for hackers. It must be resisted vigorously.”

The move is also seen as the leading cause of Bitcoin’s price drop this morning. Nevertheless, Jeremy Allaire, the co-founder of Circle, wrote: 

“Market reaction to regulatory engagement around open blockchain access is overblown — there are smart, engaged people in Treasury who want to work with the industry to address risks while preserving open networks and innovation.”

Bitcoin led the industry’s losses with a 13.09% drop to lows of $16,320. It is currently changing hands at $16,884.21.

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Disclaimer Read More

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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[Pitcher]

https://www.cryptopolitan.com/ripple-price-prediction-thanksgiving-fall/amp/?__twitter_impression=true
 

Ripple price prediction – Thanksgiving correction wipes off 30% as XRP/USD slides to $0.4850

Gurpreet Thind

• Bearish Ripple price prediction scenario unfolds as the pair slides to lower supports
• XRP/USD loses 30 percent in a broader crypto market correction
• No bottom in sight as the pair has broken below key support levels on the charts

Cryptocurrency heat map by Coin360

Correction time – After a rapid rise, it is time for a healthy correction in XRP/USD

Most cryptocurrencies were trading near their annual highs for the past few weeks. After Bitcoin posted fresh new highs, it was time for the altcoins to join the bull run. However, analysts were worried about the near-vertical rise in prices and were predicting a correction. Now, it seems that they were right as the bearish Ripple price prediction has come true.

Ripple price has declined by approximately 30 percent in the past 24 hours. This is a substantial downward movement by any standards. It is currently stagnating near the $0.50 support that has helped the pair bounce back to higher levels many times in recent weeks. The near 10 percent crash in BTC/USD is affecting the altcoin market as well.

XRP/USD didn’t stop at any intermediate support levels. The XRP/USD 4-hour chart shows that the pair is hovering around primary support levels near $0.5 and $0.45. Analysts will see today’s correction as a healthy trend that will help tone down excessively bullish trends on the daily charts. Therefore, the pair is expected to bounce back from lower supports in the coming days.

Ripple price in the last 24 hours – A little step back is healthy

Ripple price chart by TradingView

XRP touched fresh annual highs as the pair reached $0.75 resistance. However, mounting selling pressure and overbought technical indicators meant that a correction was overdue. The pair was struggling near the $0.75 level after repeated attempts to breakthrough higher levels.

Today’s sharp drop has been stopped at .5 Fib retracement, which stands at the $0.5 level. The bears have increased the selling pressure, but the hourly charts are oversold. The technical indicators on smaller-scale hourly charts are fast reaching oversold levels, and the bearish hold will start to weaken soon. Green candles have begun to emerge on the charts. The price has also recovered slightly from the bottom of the Bollinger Bands igniting hopes of a bullish Ripple price prediction.

XRP/USD 4-hour chart – Selling rally stalls near $0.5 support

Sellers will try to build the pressure to break below the $0.5 support level and push towards the next technical support at the $0.45 level. The price will likely find strong support underneath at that .618 Fibonacci retracement level at $0.435. The RSI and MACD indicator is showing oversold readings on the hourly charts. The bears will have to keep the momentum going if they want to break the $0.435 level and turn Ripple price prediction extremely bearish.

On the other side, bulls have begun to emerge on the hourly charts. The price has been unable to break below the lower Bollinger Band at $0.5. Now, the first resistance faced by a possible recovery rally stands at $0.556. Any bullish Ripple price prediction puts the next higher resistance at $0.6, where bears can resume their selling pressure.

Bulls have technical indicators to support their recovery rally. The XRP/BTC pair is also reaching oversold levels where the key support area of 2900 SAT is now under stress. The pair will have to cross 3200 SAT to mark a recovery trend on the hourly charts. The October 2019 high of 3785 SAT now looks like a far-fetched Ripple price prediction. Today, the pair must close above 3000 SAT to signal an end to the short-term bearish trend.

Ripple price prediction conclusion – XRP must resume uptrend after correction

The current decline was expected after the price spike towards the $0.92 level. The overbought levels were unsustainable and warranted a correction. If the recent correction was intentional and bulls have the buying power, the recovery will start in a day or two. The pair has found strong support near the $0.5 level and can bounce back.

The widespread sell-off is a result of a broader crypto market correction. Most altcoins have undergone correction in the past 48 hours. The 50-day SMA at $0.5 is the level to watch out for as bulls have built strong ‘buy walls’ near this area. Otherwise, the pair can slide towards the 100-day SMA at $0.35, and the decline can accelerate further. Today’s fall marks a significant correction on the daily charts as well. The larger timeframe weekly charts still support the bullish Ripple price prediction.

 

[NAKS]

We have done a ton of research on XRP and feel strongly about it’s future for our future. Based on our research, XRP will be part of both resets...I.e. the NWO reset being pushed now and the one that is Trumps NESARA/GESARA....so IMO you can’t go wrong getting it. Like all investments you just have to HODL and have faith. 

[Pitcher]

https://finance.yahoo.com/news/facebook-cryptocurrency-libra-launch-early-090957168.html
 

Facebook cryptocurrency Libra to launch as early as January but scaled back: FT

Fri, November 27, 2020, 3:09 AM CST

FILE PHOTO: FILE PHOTO: Facebook logos

LONDON (Reuters) - Facebook's Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project.

The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people.

The move would represent an even bigger scaling-back of the project's ambitions than that proposed in April in response to a regulatory and political backlash against the project.

Libra, unveiled by Facebook Inc last year, was relaunched in slimmed-down form after regulators and central banks across the world raised concerns it could upset financial stability and erode mainstream power over money.

The Libra Association, of which Facebook is one of 27 members, is seeking the go-ahead from Switzerland's markets watchdog to issue a series of stablecoins backed by individual traditional currencies, as well as a token based on the currency-pegged stablecoins.

Yet under the body's new plan, other coins backed by traditional currencies, as well as the composite, would be introduced at a later date, the FT said.

The Libra Association did not immediately reply to a request for comment. FINMA, the Swiss regulator, did not elaborate beyond a statement in April confirming receipt of Libra's application for a payments licence.

Stablecoins are designed to avoid the volatility typical of cryptocurrencies such as bitcoin, making them in theory more suitable for payments and money transfers.

(Reporting by Tom Wilson in London and Brenna Hughes Neghaiwi in Zurich; Editing by Robert Birsel)

[Pitcher]

 

[coorslite21]

On 11/27/2020 at 8:16 PM, Pitcher said:

https://finance.yahoo.com/news/facebook-cryptocurrency-libra-launch-early-090957168.html
 

Facebook cryptocurrency Libra to launch as early as January but scaled back: FT

Fri, November 27, 2020, 3:09 AM CST

FILE PHOTO: FILE PHOTO: Facebook logos

LONDON (Reuters) - Facebook's Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project.

The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people.

The move would represent an even bigger scaling-back of the project's ambitions than that proposed in April in response to a regulatory and political backlash against the project.

Libra, unveiled by Facebook Inc last year, was relaunched in slimmed-down form after regulators and central banks across the world raised concerns it could upset financial stability and erode mainstream power over money.

The Libra Association, of which Facebook is one of 27 members, is seeking the go-ahead from Switzerland's markets watchdog to issue a series of stablecoins backed by individual traditional currencies, as well as a token based on the currency-pegged stablecoins.

Yet under the body's new plan, other coins backed by traditional currencies, as well as the composite, would be introduced at a later date, the FT said.

The Libra Association did not immediately reply to a request for comment. FINMA, the Swiss regulator, did not elaborate beyond a statement in April confirming receipt of Libra's application for a payments licence.

Stablecoins are designed to avoid the volatility typical of cryptocurrencies such as bitcoin, making them in theory more suitable for payments and money transfers.

(Reporting by Tom Wilson in London and Brenna Hughes Neghaiwi in Zurich; Editing by Robert Birsel)

 

 

●●●●●●●●●●●●●●●●

 

 

FACEBOOK REBRANDING LIBRA....

 

Diem CEO Stuart Levey said the first stablecoin issued by the former Libra Association would be a dollar-backed token, which is pending FINMA approval. (Mark Wilson/Getty Images)

 

Nikhilesh De

 

The Libra Association put together by Facebook last year is rebranding in further efforts to distance itself from the original Facebook-led vision rolled out last year.

The group, composed of 27 member firms, announced Tuesday it was changing its name to Diem (the Latin term for “day”) as it gears up for the potential 2021 launch of a single, dollar-pegged stablecoin.

 

The organization has also finalized its leadership team, which includes Dahlia Malkhi as chief technology officer, Christy Clark as chief of staff, Steve Bunnell as chief legal officer and Kiran Raj as executive vice president for growth and innovation and deputy general counsel. 

 

The new hires join the previously announced CEO Stuart Levey, Managing Director James Emmett, Chief Compliance Officer Sterling Daines, Chief Financial Officer Ian Jenkins and General Counsel Saumya Bhavsar.

 

Social media giant Facebook unveiled Libra in June 2019 after over a year of secretive development and research work.

 

At the time, the project envisioned a stablecoin backed by a basket of fiat currencies, one that could be used worldwide as a means of exchange. It immediately prompted international regulatory backlash, with lawmakers demanding that all development cease until they could better understand it, provide some level of regulatory oversight and ensure there were no risks to financial stability.

 

A number of its original members departed, mainly financial services firms citing regulatory risks, before Libra could even get started.

 

Libra’s governing body, which was formally created in November 2019, later tightened the scope of the project, announcing in April 2020 that it would launch a group of stablecoins that were each backed by a single fiat currency or asset instead of the basket-backed token. 

 

Levey believes regulators are warming up to the project, particularly through the changes and the implied distance from Facebook (which wasn’t named in Tuesday’s press release), which isn’t itself a member of the governing association, though its subsidiary Novi (formerly Calibra) is. Another founding member includes Breakthrough Initiatives, a space exploration group run in part by Facebook founder Mark Zuckerberg.

 

“I think regulatory stakeholders really are welcoming a more autonomous association. They want to see an association strong enough to make its own decisions and have a leadership team that is capable of directing the project. It is in part for that reason we decided to change the name, to move from Libra to Diem, and that will be effective [Tuesday],” he told CoinDesk. 

 

A revised white paper also reduces Facebook’s role.

 

While the original document released in June 2019 mentioned Facebook six times and said that “Facebook is expected to maintain a leadership role through 2019,” and noted its creation of Novi, the December 2020 version only said, “While Facebook teams played a key role in the creation of the Association and the Libra Blockchain, they have no special rights within the Association.”

Launching coins

Libra is ready to launch its first stablecoin, the “Diem dollar,” as soon as the new entity is licensed through the Swiss Financial Market Supervisory Authority (FINMA). The Financial Times first reported that a dollar-pegged coin could launch last week.

 

Levey declined to provide a timeframe, noting that FINMA will make its decision in its own time. 

 

Libra originally planned to launch within the first half of 2020, but the regulatory hurdles complicated these efforts.

Diem’s coin, when it launches, will be compliant with international regulations at the protocol level, Levey said. He said this means that compliance with regulations such as the Financial Action Task Force’s “travel rule” will be baked into the network, as will other features like consumer protection.

 

“That then brings you back to the question of why change the name. … One of the reasons is that the original name, I think, was tied to an earlier iteration of the project that [saw a] difficult reception from from regulators around the world and we’ve changed the proposition dramatically,” Levey said.

 

The organization is still engaging with regulators worldwide to clarify how widely each token can circulate and which fiat currency the next coin will be pegged to. Levey said a number of factors will go into these considerations, including the comfort level of regulators.

 

Read more: Libra’s Long Road From a Facebook Lab to the Global Stage: A Timeline

 

The project is ready to launch at a technical level, though developers are continuing to test and iterate on the design, Levey said. And while the project has evolved in scope since its unveiling, it still uses a blockchain.

 

“We think that there are technological and governance advantages from having a blockchain. It permits innovation and collaboration in the open source space that we think adds real potential to the overall project, it adds collaboration and innovation and frankly one of the things I love about it is there’ll be use cases developed and innovations that we at the Diem, Libra Association would never have thought of ourselves,” he said.

 

International remittances and merchant payments are still the two primary use cases that the project is eyeing at the moment. 

And while Levey said he doesn’t feel “a particular sense of urgency” around launching a basket-backed stablecoin, he can see that being a possibility in the distant future.

 

“We would aspire to issue other single currency stablecoins over time, and then we wouldn’t issue a multi-currency stablecoin, but … this is the beauty of programmable money, you can create a multi-currency stablecoin, if we have a certain number of individual single currency stablecoins out there,” he said.

 

UPDATE (Dec. 1, 2020, 15:45 UTC): Added additional information from the white papers and launch timing.

 

READ MORE ABOUT...

LibraStablecoinsDiem

DISCLOSURE

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

 

© 2020 CoinDesk

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

[Pitcher]

https://investinghaven.com/forecasts/6-must-read-cryptocurrency-predictions-2021/amp/?__twitter_impression=true
 

6 Must-Read Cryptocurrency Predictions For 2021

19 hours Ago

InvestingHaven prides itself to publish among the most accurate cryptocurrency predictions in the world. Last year’s 7 cryptocurrency predictions were spot-on. We are confident that our 6 cryptocurrency predictions for 2021 will also be highly accurate. In the 2021 edition of our cryptocurrency predictions we feature the secular crypto bull market which we believe will accelerate in 2021. More specifically we expect 2021 to bring massive cryptocurrency adoption. Moreover, we see adoption at scale, and institutional capital accelerating its inflow into crypto markets. XRP will go through the roof in 2021, without any doubt. And last but not least, InvestingHaven will make several crypto millionaires because of its highly accurate work over the last 3 to 4 years.

Let’s first review what we said last year, in all openness and transparency. We’ll continue with our 2021 predictions.

Last Year’s 7 Cryptocurrency Predictions

In last year’s edition of our annual cryptocurrency predictions we predicted the following. We want to openly indicate what went well and what not in last year’s cryptocurrency predictions.

1. Giant Secular Bull Market Continues. It turned out that the crypto bull market continued, exactly the way we forecasted it. No surprise, as 2021 is about to kick off, Bitcoin is playing with previous all-time highs and XRP is pushing hard to move back to 3 USD which, whenever the big rally starts, is a matter of one or two weeks of price action.
2. ‘Risk On’ Markets Supportive Of Crypto Bull Marketis what we said a year ago. And 2020 may have been extremely challenging, with the biggest and fastest drop ever in history of financial markets. Still, on an annual basis, the outcome after the big crash qualifies as RISK ON, and consequently the entire year can qualify as RISK ON. No surprise, cryptocurrencies are ending the year HIGHER than they started the year, that’s what RISK ON is about.
3. Institutional Capital Pouring Into Crypto Investments. Absolutely accurate cryptocurrency prediction, and the real inflow into cryptocurrencies from institutional investors is only warming up. But the point is that the preliminary signals are there, it is here to stay and to accelerate.
4. Integration with Real World Applications. This process started, as predicted, and is only about to accelerate in 2021. The fundamental technology driver behind blockchain and cryptocurrencies is here to stay, and to pick up steam in 2021.
5. Adoption Will Beat Non Adoption. This certainly appeared to be true, and we could clearly see how cryptocurrencies with a higher level of adoption outperformed (in price) the ones with no or limited adoption. This cryptocurrency prediction, as well, is only about to become stronger in 2021.
6. XRP Consolidates in a Wide Rounding Bottom Formation. This was an absolutely spot-on crypto prediction, and probably the most contradictory that anyone could imagine. InvestingHaven stood strong on its ultra bullish long term XRP forecast, and said over and over again how crypto investors have to focus on the long term bull market, not short to medium term price movements. Moreover, we were on record saying that the chart had a long term very bullish reversal setup. The market followed the pattern we identified, as if we scripted it and the market followed it. That’s how accurate InvestingHaven’s forecasts are!
7. Ripple’s Swell to set the Bar for Adoption. One word: spot-on.

So with all this in mind what is in store for 2021?

We feature 6 cryptocurrency predictions for 2021 in this article, and we list them here in an overview:

1. The secular crypto bull market accelerates in 2021, a not so shocking cryptocurrency prediction.
2. The beal breakthrough of adoption of blockchain and cryptocurrency technologies, no shocker.
3. Banking goes blockchain & crypto. This is a bit more shocking, for sure, as many thought that blockchain and crypto were done and gone forever. Nothing is further from the truth.
4. Instituational capital inflows into crypto markets accelerate.
5. XRP goes through the roof. This is the most controversial cryptocurrency prediction for 2021, and many won’t believe it until it happens…. but once it starts, XRP will move so fast that 99% will miss the opportunity … and find themselves chasing prices higher only to buy the top.
6. InvestingHaven makes several crypto millionaires. Those crypto investors that were loyal to InvestingHaven premium crypto investing researchwill be hugely rewarded in 2021. Those who started with a significant capital and followed our research, in the last few years, will become a millionaire in 2021. Now THAT is a bold prediction.

Let’s go a bit deeper into our 6 cryptocurrency predictions for 2021.

Cryptocurrency Predictions for 2021: Secular Bull Market Accelerates

We recommend readers to read through the entire article, and then get back to this first cryptocurrency prediction. In the end the cryptocurrency predictions in the remainder of this article will be largely driving the secular bull market prices.

The long term BTC chart outlined below is an absolutely gorgeous chart.

The 2018 to 202 period is a giant reversal, it’s really huge. And it tells us one thing: once above 20k it is ‘hallelulaj time’. Those who waited so long to enter BTC will find themselves entering above 20k, when this market is expected to move fast and in a volatile way, shaking out the late entrants.

From a chart perspective this chart is absolutely fabolous, simple as that. And yes this points to much, much higher prices in 2021. Why not 50k BTC in 2021?

Cryptocurrency Predictions for 2021: The Real Breakthrough Of Adoption

We see massive adoption coming in 2021. That’s with blockchain technologies, but also with how widespread (some) cryptocurrencies will be used.

Note that we expect a select few cryptocurrencies to be adopted on a large scale, a very small one.

Hence we do not expect a speculative run like in 2017, where all crypto coins rallied like crazy. On the contrary, even though all coins will go up, we expect a gradual outperformance of a select few over time. In other words, we expect the bull run to be more gradual, and throughout these cycles we expect continuous outperformance of the coins that have a higher level of adoption.

One of the many illustrations of this massive trend was reported by Reuters (source). “More than 30 major Japanese firms will begin experiments in 2021 towards issuing a common, private digital currency to promote digitalisation in one of the world’s most cash-loving countries.”

Cryptocurrency Predictions for 2021: Banking Goes Blockchain & Crypto

Another blockchain and cryptocurrency prediction for 2021 is that the banking world will start adopting cryptocurrencies at a large scale, on production (not just in an experimental corner).

We believe that it is a matter of months until one of the central banks of a major nation will start using a cryptocurrency to digitize their national currency. Along similar lines we believe that a banking consortium will support their payment infrastructure with cryptocurrencies.

So far, the banking world had been researching and preparing services based on blockchain and cryptocurrencies. However, it has been experimental stuff, sofar. Our cryptocurrency prediction for 2021 is that there will be at least one major breakthrough, that will hit real life. And it will be a game changer, because it will create a sense of FOMO among other nations, other central banks and other large banking institutions.

Cryptocurrency Predictions for 2021: Institutional Capital Inflows Accelerate

Fidelity Assets, the digital assets arm of Fidelity, said in a recent note (source):

Traditional financial institutions have refrained from providing digital asset-related services to avoid engaging in activities that the OCC may prohibit down the line. The lack of authoritative guidance, especially by federal regulators, has been an impediment to the maturation of the industry. The OCC’s July 2020 interpretive letter represents a major step forward in increasing the comfort of traditional institutions with digital assets. To the extent that institutions regulated by the OCC actually provide digital asset custody services, a greater number of investors and users may also be more comfortable trading, holding and engaging with digital assets via intermediaries held to the strict regulatory standards of a federal agency in charge of administering the banking system in the United States.

Moreover, Fidelity Digital Assets conducted an in-depth research in the first part of 2020 on the topic of cryptocurrencies as an asset class for investments. They released a press release summarizing their findings. This is an important quote:

Digital assets are gaining in favorability and appeal amongst institutional investors, with almost 80% of investors surveyed finding something appealing about the asset class. In a comprehensive survey of almost 800 institutional investors across the U.S. and Europe, 36% of respondents say they are currently invested in digital assets, and 6 out of 10 believe digital assets have a place in their investment portfolio. These and other findings from a Fidelity Digital AssetsSM survey cast an in-depth light on a class of investors who have widely been expected to lead broad adoption of digital assets.

Anecdotally, we see evidence of even the S&P adding a crypto index as of 2021 (source). They would never do this if there wasn’t sufficient institutional demand for this.

Massive amounts of capital will be slowly but surely flowing into crypto markets in 2021. As regulatory restrictions get resolved, as the trading and investing platforms mature into more user friendly interfaces, as BTC is less volatile as it was in the previous 2 bull markets (see chart above) … it will all contribute to higher levels of confidence among institutional investors.

Cryptocurrency Predictions for 2021: XRP Goes Through The Roof

No surprise, our long standing XRP forecast will be partially realized in 2021. At least, we expect XRP to rise high enough to show that it’s not a s**tcoin like many Twitter gurus use to say.

Our first XRP price target of 3 USD will be met, and likely largely exceeded in 2021.

Below is a chart that we feature in our premium crypto investing research service. Those who can read charts, will get the point. But for all others we’ll simply say that you better sign up to our research to understand what exactly this chart suggests. You’ll be amazed. In order to respect our premium crypto members we will not do the voice-over on this chart, it’s exclusive to our premium crypto members.

[md11fr8dawg]

Pitcher, do you subscribe to this newsletter? If so, what do you think? Thanks MD.

[Pitcher]

4 minutes ago, md11fr8dawg said:

Pitcher, do you subscribe to this newsletter? If so, what do you think? Thanks MD.

 

No, I picked it up on Twitter.com

[md11fr8dawg]

Thanks Pitcher. Looks like and interesting site. Might subscribe for a month or so and see how valid their info turns out to be. Will ley everyone here know what I find out.

[md11fr8dawg]

One thing I liked was that they say you only need approximately 5+ coins if they are the ones that have functionality and adoption. Many many coins will not and thus die on the vine.

[md11fr8dawg]

Guys, I think there was an article posted here about Dec 12th and if you own xrp, you get another coin (flash) i think. Was it here or on another site? my Joe dementia is setting in, sorry.

[Pitcher]

38 minutes ago, md11fr8dawg said:

One thing I liked was that they say you only need approximately 5+ coins if they are the ones that have functionality and adoption. Many many coins will not and thus die on the vine.

 

The trick is to be in the right 5.  I follow several large Hedge Fund guys and they were talking about Cryptos in May or June about the fact that the Crypto Market is like the Wild West and that they would wait for the winners to emerge and then go into those.  That’s the way a lot of those fellows invest.  They pick the top stocks or in this case Cryptos and go in big.  They wait for a good  25-30% pull back and then pile in.  They are now in BTC and ETH, probably because they have clarity.  I’m willing to bet they are in others like LTC,  XRP, XLM and a few others but they haven’t said so.   I’m sure they are accumulating.   

 

Ive had some recent success Swing Trading the top % winners on my Kraken Leader board.  If you have a chance look at a few of my recent plays to learn the conditions.  The main conditions are a breakout of a tight Bollinger Band and a cross up over the 20 and 10 sma.  Once you see the BB’s separate and the price candlestick walk up that upper B.B. you are in the best trade ever.  Stay in it until the price extends a good ways above the B.B.  The price will always retrace to get back inside that Upper B.B. 

 

Look at Ada on Nov 20th. Entered on that date over the 10 sma. Out on Nov 24.  Do you see how the price was above or outside of that upper BB

 

Nov 28th. Entered ETH after a nice B.B. walk up and retrace.  I’m still in this one but probably should have sold yesterday

 

Nov 13th Entered Waves.  I was a little late getting in this one but it’s always best to make sure you are getting the walk up the B.B. before going in.  Out on Nov 23rd. It was out of the BB’s. I should have gone in after the retrace on Nov 27-28 but I had all my funds tied up.  I’m not running a margin account yet so none of those trades were huge deals.  Enough to Reinvest into another one of my bags like XRP, or XLM.  

 

I’ve been playing around with this for several months with mostly good results.  The thing about Swing Trading is you have to exit if the trade goes the wrong way.  That’s difficult with 24 hour trading.  Stops are important but I’ve been stopped on a spike down and run back up.  Those big wicks are killers.  When you see a lot of those you know the Coin is being manipulated by the MM’ers. It’s never easy.  If you think you want to try  this, know your taxed on a higher rate than a capital gain.  Try to do some paper trading to make sure you understand how the Bollinger Walk UPS work.  Day Trading and even Swing Trading can be torture and a good way to lose money if you don’t know what you are doing.   It took me years to become consistent with it.  

 

I would love to show you some charts but I guess I ran out of my allotted memory to do so.  At this time I can’t down load any large files.  

[Pitcher]

1 hour ago, md11fr8dawg said:

Guys, I think there was an article posted here about Dec 12th and if you own xrp, you get another coin (flash) i think. Was it here or on another site? my Joe dementia is setting in, sorry.

 

On Dec, 12th, the Flare Network will airdroped on a 1-1 basis for each XRP you have on a participating Exchange or Cold Wallet.  

 

Below are 2 articles I found doing a quick Google search.  Kraken has been added to the list of Exchanges that are participating.  

 

https://azcoinnews.com/updated-list-of-exchanges-participating-in-spark-airdrop-from-flare-networks.html

 

https://www.cryptonary.com/journal/how-to-claim-spark-flr-tokens/

 

I have mine mine on eToro and Kraken.  Hope this helps.  

[Pitcher]

I forgot to mention the airdrop will not happen all at once. I believe the first year you get 20%, the second year another 20-30% and so forth.  I don’t own XRP for the Spark tokens. 

[md11fr8dawg]

I don't either, but if they are gonna be free, I'll take em. Who knows where they may go!!

[umbertino]

"The biggest attack" on the cryptocurrency sector discovered in Italy: 230 thousand savers scammed

 

A hole worth over 120 million euros, responsible for a 34-year-old Florentine

 

Oggi-today alle 09:02, aggiornato oggi alle 09:07

 

 

 

 

 

 

 

 

https://www.unionesarda.it/en/articolo/news/italia/2020/12/21/scoperto-in-italia-il-piu-grande-attacco-al-settore-delle-cryptov-137-1096192.html

[Floridian]

@NEPatriotsFan1     @Pitcher  and everyone else: