Author: Editor

Crypto Hacker, Decline – Crypto Market is Facing Difficulties

2 min read

According to News BTC: “the total crypto market cap declined to $242.0B and is currently correcting higher. Bitcoin price is currently correcting higher and is trading above the $10,200 level. BCH price stayed above the $300 support and it is currently near the $310 level. The EOS price is currently consolidating above the key $3.500 support area. Stellar (XLM) price is slowly recovering higher towards the $0.0700 and $0.0720 resistance levels. Tron (TRX) price is trading in a strong downtrend below $0.0200 and $0.0180.”

Bitcoin and the crypto market cap are recovering towards key resistances. Almost all cryptocurrencies are trading in a major downtrend.

But our attention is on hacking the cryptocurrency exchange Binance.

The crypto hacker behind personal user data supposedly stolen from crypto exchange Binance is planning to publish additional material. So, we can expect a new wave of leaking data.

Crypto hacker was playing his abnormal game in a series of tweets today, on August 16. A Twitter profile is known as Bnatov Platon tweeted an outline of Binance Know-Your-Customer (KYC) data supposedly he or she holds.

This was followed by other tweets.

Crypto hacker is making jokes

You will notice there is no timeframe for these screenshots but hacker or someone in his beneath showed Telegram chats with the person named as a member of Binance’s customer service team. There is no evidence that KYC images are collected from Binance.

The tone and arrogance in crypto hacker’s tweets are impressive. Bnatov Platon with handle @BnatovP joined the Twitter this month. With one purpose, obviously. To show how vulnerable private data is in some crypto exchange. Or on the internet overall.

But speaking about this particular case, as Cointelegraph reported at the beginning of August, Binance rejected any agreement to its user data. They were arguing the person behind the alleged robbery was a scam.

The Binance had one statement at that time:

“At the present time, no evidence has been supplied that indicates any KYC images have been obtained from Binance, as these images do not contain the digital watermark imprinted by our system.”

The Binance also noticed that the images all seem to be dated from February of 2018. Why is this important? At that time Binance had engaged a third-party KYC service provider to handle requests at that time.

Among other problems with hackers and scammers, this one is especially rude. Well, guys, someday, someone will catch you! As always do.

16th August 2019
Short Selling For Profit

What to do with stocks when the price starts to decline? Bet that a stock will fall more.

By Guy Avtalyon

Short selling for profit is a trading strategy that attempts to profit from an expected decrease in the price of a security. Basically, a short-seller wants to sell at a higher price and buy at lower.

How does short selling for profit work?

Let’s you are a trader and you have some information that some stock will decrease in value by the expiration date. Ofc, you don’t hold that stock but you can borrow it from a broker. For example, you borrow 100 stocks at $10 market price. And you open the position, meaning you want to sell them at market price by their expiration date. And you succeed. Then you close your short position and sell your borrowed stocks for $1,000. But before you give back that 100 stocks to your broker you are betting that their price will decrease in value before the expiration day. That happens. Now, you are buying these stocks at a lower price, it is called covering the short position.

Let’s say, the price of your borrowed stocks declines at $6 each.

You sold them at $1,000, bought them at $600. Return 100 stocks to the broker and you pocket $400.

(100x$10) – (100x$6) = $400

The risk in this kind of trading is literally unlimited because the price may rise and rise to infinity.

But, the profit can be huge, also. The previous example showed a short-selling for profit. Well, by using short selling you may gain loss too.

Example of making loss while using short selling.

The vice versa case is when stock price increase in value during the time while you are holding them.

Let’s say their market price rose at $14 each and you are holding 1oo stocks. The equitation will be

$1,000 – $1,400 = – $400

You borrowed those stocks at a $10 market price. But despite your expectations, the price increased which means you made a wrong bet. But you have an obligation to return those to the broker, hence you have to buy them back at that higher price. In this transaction, your loss is $400.

Short selling for profit is a method for traders to benefit from a drop in a stock’s price.

Short selling is only possible by borrowing stocks. The problem is they are not always available because when they are you may be faced with a crowd of other traders that already massively trade them.

Is short selling for profit risky?

The short-selling for profit can be risky and questionable. When a huge number of traders choose to short some stocks, their actions will make a great influence on the stock price. With such big traders’ interest, the price will decline sharply. That is not a good situation for companies. Their market value decreases. Sometimes the markets forbid short-selling, especially during the economic crisis.

As I said, short selling is risky for plenty of reasons. You can make a great loss if the stock price increases instead to decrease.

The other reason is that the sharp increase in selected stock may cause traders to cover the position all at once. Moreover, short-covering usually force the price to go up. Then you have a situation that more and more short-sellers are covering their positions and such stock is grasped in a so-called short squeeze. So, like a chain of unfortunate events, right?

The main purpose of short selling for profit is when you borrow the stocks from the broker to sell them instantly and buy them back at a lower price. And return them to the broker. When the whole process is finished you should profit from the difference in stock price.

Risks of short selling

Short selling involves a magnified risk. When you buy a stock you can lose only the money that you have invested. For example, if you bought one share at $300, the maximum you could lose is $300. Stocks can fall to $0 and that is the maximum, there is no stock that may fall below zero. The maximum in your potential loss will stop at your initial capital invested.
In short selling, you can potentially lose an infinite amount of money. Stock can increase its value for an infinite time to an inconstant price. So, you’ll have an infinite loss.
For example, let’s say you enter a short-selling at $200, and suddenly the stock price increases by 300% to $800. You’re obliged to buy the stock back and return them at $800, essentially losing 400% of your capital. actually, you are in incredible debt.

Just be careful when you bet against stock price.

16th August 2019
PlusToken The Biggest Scam In The Second Part of 2019

3 min read

PlusToken was a classic Ponzi Scheme. Its operations were held in Korea, but also in the Chinese market. How Traders-Paradise is sure it was a Ponzi scheme?

PlusToken was founded in 2018 and announced high returns at various discount percentages for most active members. What does it mean? To really have the right on rebate, members were obliged to bring more and more newcomers and then would climb to the higher levels. A classic Ponzi.

At the beginning of this year, those criminals declared to have more than 10 million members.

OMG, how many naive people! Greedy? Just a false number? Everything is possible. The fact is that those scammers snatched $3 billion from their members. But despite the fact they escaped from the law, their website is still alive as much as their social networks accounts.

Okay, they didn’t have enough time to wipe off everything. More important is to save the neck and fat wallet.

“Mr. Leo”, the co-founder of PlusToken

PlusToken scammed about 10 million investors of $3 billion.

Actually, withdrawals on PlusToken started to stumble in June.

The scammers declared some technical problems as the reason. For everyone with less greed, promises given from these scammers should sound impossible to be executed. What did they promise? Nothing! No investment strategy, no valuable information, only 6 to 18% returns per month plus referral commission.

Recent research exposed PlusToken as scammers, who were acting outside the internationally used crypto social media. They were a lonely player succeeded to raise billions. On the illegal way. The police in China took some action but it wasn’t finished with arrests or investigation.

The criminals with an offer of exceptional earnings succeeded to fill their own wallets with a Bitcoins.

Dovey Wan, the co-founder of Primitive Crypto and one of the more influential Twitter accounts, brought the PlusToken story to the attention of a wider audience.

How do they stay so long unrevealed?

The essential reason is lack of communication and the existence of rivalry between Western and Chinese crypto-fans and exchanges.

The PlusToken actions were mostly ignored. The other reasons could be using different social media or the presence of language barriers. That held Asian investors to the hell.

These scammers were not modest.

Only a few weeks ago just a few days before their escape, PlusToken announced that it’s expecting to have over 10 million members to the end of 2019. Two or three months earlier they said to have 3 million users. It is obvious that they boosted those numbers because they never showed any relevant evidence for those words. Moreover, they operated under the radar, you cannot find so many details or information about the people behind this scam. As we mentioned, at the beginning of this article, some co-founder is mysterious Mr. Lee.

Take a look at the image above again.

When the scam was revealed messaging platforms reveals members who said they’ve lost up to $5,000. If you take a look at some tweets you will find some members from China who had contacted Hunan province police. How all of this will end is still unclear, but something has to be said: never be greed, use the proven exchanges and wallets with an excellent reputation. Every time when you notice that someone is offering you enormous returns, run away from such.

At any time you can check if some exchange is good in Traders-Paradise’s WALL OF FAME
The scammers are in our WALL OF SHAME

16th August 2019
Bitcoin dominance rate – Why some are concerned?

Why this question about the Bitcoin dominance rate now?

By Guy Avtalyon

The bitcoin dominance rate is a very important indicator of crypto market preferences. It is the measure of how Bitcoin is important in the crypto world. To know the Bitcoin dominance rate observe its market cap as a percentage of the entire market cap for all cryptos. The traders and investors pay a lot of attention to it.

Okay, it isn’t shocking news that Bitcoin is dominant. Everyone knows that. It is here for a long time, it was the first, it has attention like a rock-star.

So, why this question about the Bitcoin dominance rate now? The alarms are a turned-on because of Bitcoin’s current climbing.

In the crypto markets, it covers about 70% of the market cap as a whole. The same level was seen in April 2017.
So, there we have a concern on the scene!

Some are afraid that this is a sign that the bull run is close. That will accelerate bitcoin’s dominance to over 90%. The existence of any other crypto would be doubtful. That high dominance rate would destroy the others.

The altcoins are on the edge of return, think others. Or no-return, the opponents are kidding. As always, when it comes to data interpretation you can see and hear literally everything and anything. But to be serious, the bitcoin dominance rate may show us many things. Even the increase isn’t always good news.

Why increasing dominance rate isn’t good news?

Well, Bitcoin’s dominance rate is not an independent measure. It is related to momentum, inclination, confidence. In one word – popularity. Bitcoin is the most popular cryptocurrency without a doubt.

The price of Bitcoin is the measure of its reputation. On the other hand, dominance is related to bitcoin’s relationship to other cryptos. There is one trick: the dominance may increase when the price is going down and vice versa. To repeat, it isn’t an absolute measure.

Bitcoin’s high dominance

It could be a double sword.

Bitcoin is an extremely volatile asset and risky this attribute often led investors to less risky assets and, can we say, safer. But, on the other hand, thanks to its popularity the whole sector of crypto assets may benefit if there are more investors in Bitcoin.

This new increasing Bitcoin dominance is proof that investors’ sentiment that this crypto is relatively safe to invest in. The sentiment indicator is just a current opinion, be careful with that.

How can you be sure the trend will continue? With what energy? What sentiments do is give power, to push things to go further, to build a chain of very convinced investors and traders who are buying bitcoin.

The added importance is market trust, particularly at the initial steps of institutional engagement.

Big traditional funds are not worried about the relative value of one token related to another. Their consideration is their portfolio. They will decide what is better to invest in, crypto, or some other asset. Having that in mind, it is more likely they will invest in Bitcoin if they want to have crypto in their portfolios.

Why is that?

Bitcoin has the liquidity, active derivatives market and is registered in most jurisdictions. With the rising dominance rate, Bitcoin has the opportunity to boost investors’ trust in the overall crypto market.

But nothing would last forever.

Prior run-ups in the dominance rate were followed with a change altogether with investors’ attention to new choices. That is a calculation. When market leaders grow extremely, wise investors take profits and re-invest in other winning assets. The last bull market noticed bitcoin’s dominance decline from above 85% to under 40%. This time it is something else.

How? During the previous bull market, we had plenty of new tokens. Where are they now? They are not exciting anymore? No, they are not existing anymore.

Moreover, the interest of institutional investors with a focus on bitcoin will launch bitcoin’s dominance to jump even more.

Stay tuned and keep your eye on what is happening behind the stage. Traders-Paradise has a fantastic example of how to MONETIZE BITCOIN

15th August 2019
The German market is overflowed by fears of a slowdown

2 min read

by Gorica Gligorijevic

German fears of stock markets’ slowdown rose causes the fear, that the whole country may slip into a recession. The day before the US announced its decision to delay part of tariffs on Chinese imports.

The trigger in the German’s markets was news that the country’s economy declined 0.1% in the second quarter of this year in comparison with the prior quarter. According to some analysts, the fears are caused due to global trade conflicts coupled with difficulties in the auto industry. The decline of 0.1% was just a trigger to show them.

“Data showing that the German economy contracted in the second quarter reignited fears of a global recession, dampening demand for riskier assets such as equities,” said Fiona Cincotta, market analyst at City Index

Many European markets are down.

Germany’s DAX was down 1.5% at 11,575. The CAC 40 in France dropped 1.4% to 5,288. The FTSE 100 index of leading British shares was 1% below at 7,181.

The US Wall Street was ready for similar drops at the bell end with Dow futures and the wider S&P 500 futures falling 0.9%.

Tuesday was one of the better days in the markets. The US Office of the U.S. Trade Representative announced that the US will delay the tariffs on some of China’s products like consumers goods. But some sorts of fish or baby seats are entirely removed. The new trade policy will be on scene until December 15.

European shares stabilized on Thursday

But prior there was a brutal sell-off. It was fired by overall fears of a recession. The investors were expecting central banks would relax monetary policy and calm nervous markets.

The pan-European STOXX 600 index dropped at 0828 GMT hitting the point very close to six-month lows.

The trading volumes in Italy, Austria and Greece were closed for a holiday. Almost all European markets moved to the negative area.

London’s FTSE 100. underperformed its European rivals, burdened down by oil main and some stocks that traded out of dividend right.

In profits news, strong numbers from beer maker Carlsberg In Denmark (CARLb.CO) and shipping group A.P. Moller-Maersk (MAERSKb.CO) pushed stocks of these Danish companies to more high-priced.

Drillisch and United Internet slipped below after the German telecom company lessened its profit outlook.

Here is a short summary of EU markets:

UK FTSE 100 -1.7% hits two month low
German DAX -2.3% hits a four-month low
French CAC -2.2% hits one week low
Italy MIB -2.8% hits two month low
Spain IBEX -2.2% hits two month low

The German DAX again broke the 200-day moving average, the last low was in June. It stopped at the 50% retracement of the rally in December. DAX primarily have to survive on that level. If don’t, the market may be very violent. But if Angela Merkel announces a 180 on deficit spending, the investors on the German stock market will have hope.

15th August 2019
Don’t buy stocks on a dip

Many say the strategy is to “buy a dip”, but can it really lead to success? There are so many opposing opinions.

By Guy Avtalyon

Don’t buy stocks on the dip says UBS Group AG. It is a Swiss multinational investment bank. While analysts at Goldman Sachs Securities Division advised: “Buy bitcoin on the dip” for stocks it is a straight way to a loss.

“Buy the dip” was a good plan for the bull market, but analysts at UBS addressed to stock investors:

“A world where leading indicators are accelerating is generally one where a correction in equities is an opportunity for investors and ‘buying the dip’ gets rewarded. In contrast, today’s backdrop with PMIs (purchasing managers indexes) in the low 50s and rates arguing for further declines often results in buying the dip being a losing proposition,” addressed strategists Francois Trahan and Samuel Blackman, in a Tuesday.

This announcement is quite strange because dip buyers are still making a profit.

The Dow Jones Industrial Average DJIA, +1.44% increased more above 370 points Tuesday. This increment came after the U.S. said it would pause imposing tariffs on some imports from China.

The S&P 500 SPX, +1.48% climbed 1.5%. The Dow is depressed 2.2% for the month, and the S&P 500 is 1.8% below in comparison to the previous month.

Trahan and Blackman have a different interpretation of the current market conditions.

What is buying on a dip

It is a losing proposition.

They said the historical records covering the last nine economic cycles, reveals that buy-the-dip works the best when leading economic indicators, like PMIs (private mortgage insurance), are accelerating.

The analysts said that buying-the-dip had a virtually excellent history. They call it the “risk-on” period. However, it is followed by the “risk-off” period. When PMIs fell under 50, labeled the “risk-aversion” period, dip-buying has poor benefits, they said.

Don’t buy stocks on a dip the analysts said

They said that defining the period of the cycle is just one piece of a three-item checklist. They also explained the perfect risk-reward scenario. It happens when the “risk-on” period is followed by interest rates, that carries an increase in the price/earnings ratio, so the earnings opportunity is promising.

Today, the potential dip buyers are 0-for-3, they explained. In other words, we are witnesses of the “risk-off” period, but the companies earnings opportunity has declined.

They also estimated interest rates.

They were looking at yields with an 18-month lag.

Their conclusion is: “the path laid by interest rates 18 months prior to today shows that there is now tightening in the pipeline, and it’s more likely we experience multiple contractions than expansion in the months ahead.”

Multiple expansion points the readiness of investors to pay more for a dollar of earnings. And they pointed out that the risk/reward for buying the dip “extremely poor”.

As you can see, analysts from Investment bank Goldman Sachs has advised investors to capitalize on the new dip and buy bitcoin.

The bank stated that its short-term target for bitcoin is $13,971. It also suggested to investors to buy Bitcoin on any dips in the current situation. But, don’t buy stocks on the dip, says UBS Group AG.

There is a difference.

15th August 2019
Morgan Stanley Claims We Are In A Bear Market

2 min read

The analysts from Morgan Stanley claim that we are in a bear market.

Any proof? Don’t tell me you missed it!

The US S&P 500 Index was closed on Friday down by 3% compared with the highest level in late July, 26, registered in intraday trading. Bear market means the stock prices drop 20% or more but the corrections include price falls about 10%.

So, you may ask how we already enter the bear market if prices dropped by 3%, it so far away from 10%.
Morgan Stanley anyway claims that “we are still mired in a cyclical bear market” pointing three spots in this estimation.

The proofs of the bear market

First, compared to the beginning of 2018. the S&P 500 is “roughly flat”, but Friday’s closing was less than 1% over the intraday high noticed on January 26, 2018.

The other evidence is the fact that 80% overall equity markets dropped by 10% already.

And third, the other US market indices are down by approximately 10%.

Morgan Stanly further noticed that during the past year and a half, a majority of global stock market indices dropped notably from their highs. Actually, all stock markets were more volatile than during the previous two years when we had the bull market profits.

“At this point, we would view our call in January 2018 for a multi-year consolidation and cyclical bear market as well established and documented,” said Morgan Stanly in conclusion.

The Morgan Stanly report notes that both the small-cap S&P 600 and the mid-cap S&P 400 didn’t reach new highs in 2019. Also, both dropped by more than 10% from prior highs noticed set in September. 2018.

The statistics

The statistics show, among eleven S&P 500 sectors, five have reached new highs this year with consumer staples, utilities, and REITs as leading. The two others are consumer discretionary and the IT sector.

Morgan Stanley states “…the fact that long-term Treasury bonds have defeated the best equity market in the world over the past 18 months, especially since September [2018].”

So, according to Morgan Stanley, we are in the middle of the bear market.

The previous bear markets

But there is no difference from the first four months of this year. We had a bear market rally. Yes, it came like a storm but a very long one. It was Christmas when the 25% rally started and ended on May 1 when the all-time highs were recorded. But all benefits from that short bull market period was gone with the wind. The bulls were so close, but still incapable to make a change.

Morgan Stanley is right. Since October 2018 we are in a bear market. At the time of the mentioned rally, all had some hope based on historical performances. The fact is that some of the biggest rallies have happened throughout bear markets. But not now.

The bottom line

What you have to pay attention to is the overall trend. It will show you the right spot. The best way to do that is to use the long-term charts to set your trading correctly. Anyway, there is no good or positive prediction. Be ready to see the large bear rallies, there will be a tremendous loss. Having this information in your minds, you will know what to do and how to stay objective. Over one century, we had 32 bear markets and 123 market corrections.

The bear market lasts shorter than bull markets. So, this one will pass.

14th August 2019
Cannabis earnings – the countdown started

The cannabis industry is more than ever in investors focus

by Gorica Gligorijevic

Cannabis earnings is promising. This week can be very important for the cannabis industry. The time to post financial results is near. So, we will see their records for the last quarter. Aurora Cannabis is a top producer, but maybe some other marijuana stocks can generate more next year.

First in line to show the last quarter result are:

Greenlane Holdings Inc (NASDAQ: GNLN), Medipharm Labs Corp (OTC: MEDIF), and Village Farms International Inc (NASDAQ: VFF) they did it on Monday after the closing bell.

Today, the results from Tilray Inc (NASDAQ: TLRY) will be shown. It is expected Tilray to record a net loss of 25 cents per share and its revenue to be of $41.11 million. Today also, earnings result from Green Organic Dutchman Holdings Ltd (OTC: TGODF), Acreage Holdings Inc (OTC: ACRGF), and Flower One Holdings Inc (OTC: FLOOF) are coming after the market close.

On Wednesday, Aug. 14, Aleafia Health Inc (OTC: ALEAF), Jushi Holdings Inc (OTC: JUSHF), and Helix TCS Inc (OTC: HLIX) have to post their earnings reports. They are followed by Canopy Growth Corp (NYSE: CGC) and Trulieve Cannabis Corp (OTC: TCNNF) after the closing bell.

This is a busy week for cannabis companies. Investors seem ready to reward good companies. The main criterion among investors is the company can gain a profit. But, they are more than ready to punish the ones that don’t.

Cannabis earnings will rise

The cannabis industry is a big-money market. With legalization in more countries than it is now the case, it can be one of the most valued markets. I know there will still be the black market and a lot of money will go there, frankly more than in the legal markets. But still, this market could produce more than $250 billion in the next 10 or 12 years, counting the annual average sales, of course.

That sounds pretty good for long-term investors. So, I feel free to suggest to you some companies to watch in the future.

As the first Aurora Cannabis as a top producer.

It is the most trustworthy cannabis company among millennial investors. This data comes from Robinhood, an online app for investing with over 6 million users. The majority of millennial investors are Robinhood users. That put Aurora to the most-held stock online investment. It is reasonable to expect that millennials will take a bigger part in the world of investment in the future and support legal cannabis growth. It is easy to evaluate the reasons behind investors’ decision to invest in this company.

Aurora is leading the world production of cannabis with an annual production of 150,000 kilos. It plans to reach 625,000 kilos of annual output in 2020. And it isn’t unreasonable. By engaging the full production capacity, Aurora can produce 700,000 kilos of marijuana on the annual range.

Wall Street anticipates Aurora can be one of the best revenue generators in 2020 and capable to deliver about $518 million in sales per year.

The potential of cannabis earnings

There are not too many pot stocks in the arena that could hit this expectation. But, Wall Street predicted three cannabis stocks able to surpass Aurora Cannabis in 2020.

Curaleaf Holdings is expected cannabis earnings at $900 million in 2020 sales but with a cash-and-stock deal for Grassroots, which will bring to it about $350 million, let’s say Curaleaf Holdings may generate about $1,250 million.
Also, pay attention to Cresco Labs, the potential of $715 million sounds good as Canopy Growth with $521 million.

14th August 2019
How to Make a Fortune Working From Home

How can anyone make a fortune working from home?

By Guy Avtalyon

I know you will ask how is possible to make a fortune working from home.
I also have a question for you.
Have you ever heard about Jack Cornes? His engineering insane idea into a home robotics start-up showed not insane but as profitably and brilliant.

Jack Cornes is an entrepreneur. His first business was selling vegetables from his grandmother’s garden. He was 8 at that time. When he was 14 online clothes retail was his next successful business with international shipping. Jack founded a successful online clothes retail. Now he is in his 20s and he started with schoolmate Harry Smith, a new business startup, and launched HausBots. They started their robot business in Smith’s garage in Birmingham.

Jack Cornes said about those days:

“Harry is a self-proclaimed mad inventor. His parents asked him to paint the living room, which he found completely boring, so he let his mind wander and came up with a better solution.”

Climbing painting robots

Their aim is to produce robots for the construction industry and for home use. Their first result is a painting robot. They are expecting to begin commercial trials in the next several months, actually, they want that in the next four months.

This guy raised £210,000 to realized his idea about home-helping robots. His startup HausBots develops climbing robots to automate the painting of walls.

Cornes likes being an entrepreneur.

“It is flipping tough, but I was never very good at being a cog in someone else’s machine. It is great to have some autonomy and it is amazing to be building something that wasn’t here before we started,” he said.

As a measure of how this project is interesting: currently, Cornes’ robots are beta testing. A large number of customers and companies are included. The companies specialized in painting outdoors, like walls of warehouses, for example, are very interested in his product. Cornes is expecting to start sells soon.

How to make a fortune working from home as plan No1

And he is just as many Generation Z members that more than any time before are interested to start their own businesses. A lot of them want to make a fortune working from home. The benefits of this approach are numerous. They don’t have to pay high rents for a place to work, the working time is flexible, and moreover, they are working for their own ideas.

According to some research young people are caught with this growth of startups. It becomes a trend among them.

Approximately 51% of the people between 14 and 25 age answered that they would like to start their own business. Many of them already are running some, revealed a survey ordered by the Entrepreneurs Network and VC firm Octopus Group. Also, this goal is more popular in a group of 22 to 25 years old people. Almost 60% of them said they would like to run their own business.

Tips to work from home

If you don’t have a strong back, you have to start from your home. The majority never find some financial support and have to work different jobs to raise the funds and be able to finance the ideas they have. Also, they have to cut other expenses, so the best solution is to start working from home.

Listen, I am pretty sure they will. They will make a fortune working from home.

The idea of freedom and being your own boss is powerful, and at the same time, the most popular. Having a passion is a great fuel. Desire to make success also. If you want to start to make a fortune working from home it is wise to build a network of people who you think are doing excellent things. That will help you a lot.

Some inspirational ideas you may find in our tutorial HERE

13th August 2019
Buy bitcoin on a dip, it is an excellent opportunity

Why buy bitcoin on a dip, experts suggest that and my analysis shows that. Here you’ll find why it is a good long-term opportunity.

By Guy Avtalyon

Analysts from Investment bank Goldman Sachs has advised investors to capitalize on the new dip and buy bitcoin. The bank stated that its short-term target for bitcoin is $13,971. It also suggested to investors to buy Bitcoin on any dips in the current situation.

This statement was provocative for Su Zhu, co-founder, and CEO at Three Arrows Capital. He tweeted:

The bank concludes based on its Elliott Wave analysis, bitcoin will have support around $11,094. Also, they founded a nice scope for a move higher to $12,916, then $13,971.

“Any such retracement from $12,916-$13,971 should be viewed as an opportunity to buy on weakness as long as it doesn’t retrace further than the $9,084 low,” the statement declared.

If Goldman Sachs’ analytics are correct, and their advice to buy bitcoin on a dip, we will see bitcoin recovered to 2019 highest level.

Goldman Sachs’ analysis is based on the CloudMiningIndex (CMI) bitcoin futures market, meaning analysis didn’t cover weekend prices. Therefore, that were the gaps in the chart over the weekend at the time when futures markets are closed. If you are an individual investor you are free to neglect this advice. It is only for institutional investors.

Applying Elliott Wave theory, Goldman predicts a short-term rise that could pop the previous highs in 2019.

Buy bitcoin on a dip for long-term investment

If you are or you plan to be a long-term investor, bitcoin shows a great buying opportunity at current prices. Goldman Sachs stated that any pullback under $13,000 is a sign to accumulate. The statement implies that if the price explodes once again it will be more valuable.

“In the bigger scheme of things, this might still be the first leg of another 5-wave count similar to the trend that lasted from Dec ‘18 through June ’19.”

We saw that in the first half of this year.

Bitcoin already had such 30% pullbacks. To be honest, you will not profit at all if you buy a bitcoin during the bull market periods. Buying dips is not profitable for a long time ago. But Goldman’s suggestion pushed other analysts who claim that buying bitcoin in dip from fast runups is a good idea. Goldman stated that the price will hopefully strengthen again after $13,971price and after that point, it will be pushed even higher. Bitcoin has confusing price action for several days until now. A break is above Wednesday’s high of $12,145 and that is needed to refresh the bullishness. On Tuesday Bitcoin hit a bid at $9,100 and grew to $12,325.

In the Asian market, the bitcoin price was $12,040 during the trading hours but felt below the $12,000 mark. On Friday it hit the fourth day in a row of bull failure over $12,000.

The intraday highs of $12,325, $12,145, and $12,061 were on Tuesday, Wednesday and Thursday.

Actually, bitcoin charts show lower highs above $12,000 and higher lows since Tuesday. That restricting price range is a sign of hesitation in the market.

The consolidation is also a sign of bullish tiredness because it comes after a 35% price growth during the past eight days.

Bitcoin could possibly proceed to consolidate to the end of August but also it can fall back to $10K. The price prediction isn’t quite possible because the market is still struggling at the resistance level. If bitcoin makes a break above the trend line that will be the sign of bigger movement, maybe higher than $15K to the end of this month.

13th August 2019