NGS CRYPTO – 2019 IN REVIEW
As we enter a new decade, and a new year of positive milestones and achievements, we think it is fitting that we reflect on what a prosperous year 2019 was, not only for NGS Crypto but for our many happy members. Sponsorships Throughout the year we sponsored significant sporting teams and a very influential individual within the sporting world. NGS Crypto was proud to be a sponsor of the Queensland Junior Rugby League, Southport Tigers Junior Rugby League Under 13’s and 14’s Football team, for the 2019 season. Both teams had a great year and came from strength to strength …
BTC HITS $8,100, ACCUMULATION PHASE BEGINS
For the first time in over a month Bitcoin (BTC) has broken past its resistance point and tops $8,100. Gaining $1,000 since the start of January 2020 alone. After the largest cryptocurrency (BTC) has been lateral trading for the month of December 2019, now a major upward trend is on the horizon in the not too distant future. This comes at a significant time before the next BTC halving is expected to hit in May 2020. It has been strongly suggested by expert analysts that we are now in the phase of accumulation. In the past, BTC’s biggest accumulation phases …
BTC WEEKLY OUTLOOK – A SURGE IS IMMINENT
Over the past few weeks we have seen the price of BTC holding stable, without much action to get excited about. However, many BTC analysts and enthusiasts strongly believe that this is exactly what the cryptocurrency needs in order to make significant gains again, with a robust price movement on the verge. BTC has had low volatility over the last three weeks which has led to the crypto commencing on a parallel channel, with every time it regains itself it is pulled back again. The lower levels of price will entice an increase in volume, which will see the price …
BITCOIN MINERS MAKE $16 BILLION IN BOCK REWARDS IN 6 YEARS
The price of Bitcoin (BTC) is still very volatile, and as we witnessed over the weekend we saw the price of BTC wildly swing from as low as $7,600 to a high of $10,070 in as little as 24 hours. However, this is the cruel nature of trading BTC, where mining BTC on the other hand has had a much silkier ride, especially in more recent years. We witnessed the bull run of 2017, which was responsible for a number of changes to the crypto space during this time. Before this, very few people had heard of or were educated …
BTC BULL, POMPLIANO, HAS OVER HALF OF HIS NET WORTH IN BTC
Anthony Pompliano, well-known and self-advocated Bitcoin Bull and founder of capital management firm, Morgan Creek, has stated in a recent interview with CNBC’s Squawk Box, that over half of his new worth is in Bitcoin (BTC). Pompliano, prior to the interview, explained why he believes NOT holding Bitcoin, as a part of a portfolio is irresponsible. “We’re now entering a position where its actually irresponsible for institutions to not have exposure to this asset, and the reason is their job is to find assets that actually can provide non-correlation to the rest of the markets, especially in times of global …
THOMAS LEE ON BTC – “TAKING A LONG TERM VIEW IS MORE APPROPRIATE”
Fundstrat Global Advisors Co-Founder, Thomas Lee, has suggested in his latest tweet that people need to take a long-term approach to Bitcoin (BTC). This trusted suggestion comes from Bitcoin being “a hyper volatile asset”, making it great for “dedicated traders”. Lee’s tweet stated, “For most, taking a long-term view is more appropriate.” Lee’s response came after Bloomberg tweeted that Bitcoin is up by 39 percent this week alone, however, it had lost over $1,800.00 of value in one day. Washington Post columnist, Michelle Singletary, has suggest in an article published that, “The current price surge for Bitcoin has many people …
CENTRAL BANKS MAKING BTC MORE ATTRACTIVE
The United States Central Bank has put forward that it may potentially in the very near future cut interest rates, and this has been tied closely as one of the reasons for the recent surge in the price of Bitcoin (BTC), explained Deutsche Bank executive Jim Reid, in an interview with CNBC on June 26. In a speech made by Federal Chairman, Jerome Powell, stated that the central bank is considering a cut of interest rates due to the current economic uncertainty and inflation risks. As a result of this, the US dollar dropped rapidly compared to other fiat currencies …
THE WORLD IS IN $13 TRILLION OF DEBT
This week alone negative-yielding bonds have grown by about $1.2 trillion, yes trillion! Forcing the overall global total past $13 trillion for the first time in history. As a result of this, Austria, Sweden and France have now too become the latest governments with debt of 10-year yields below zero. Ed Hyman, Evercore ISI Chairman has responded in an interview with Bloomberg stating, “The message from the markets is that there are problems out there that central banks, not just the Fed, are now responding to.” In Europe too this week, yields on Danish debt which is due to mature …
CRYPTO MINING GIANT, BITMAIN, LAUNCHING IN THE US
In the latest company development by Bitmain Technologies Ltd, a crypto mining giant will soon be relaunching its Initial Public Offering (IPO) plans in the United States (US). Bloomberg reported that “People with knowledge on the matter” have stated Bitmain is currently in consultations with advisors to launch in the US within the second half of 2019. According to sources, they will lodge all relevant documents needed with the US Securities and Exchange Commission in July 2019. It isn’t yet finalised the amount that Bitmain wants to pursue through fundraising however, it has been suggested that they are hoping to …
BTC SET TO HIT HIGHS WE HAVE NEVER SEEN BEFORE
This month we have witnessed the price of Bitcoin (BTC) skyrocket, touching the $11,000 mark in a 15-month high. But do not hold your breath for it has been predicted that once BTC was able to push past this resistance level, we will see price highs like we have never seen before. Crypto Trader and well-known Bitcoin Bull, Josh Rager, is just one analyst that is predicting the price of Bitcoin will rise from here on in. In a tweet from Rager, posted on June 22nd 2019, he stated, “$BTC is likely to hit $60k+ this coming uptrend … And …
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