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7 Tips to Overcome Regret Over Missed Opportunities

7 Tips to Overcome Regret Over Missed Opportunities

Any missed opportunity can be seen as a chance to learn and drive future growth.

By Young Entrepreneur Council


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Running a company can be quite a gamble at times. Entrepreneurs need to decide what business opportunities to pursue or pass on, often without having any idea of how these opportunities will turn out. Chances are that each entrepreneur has made the mistake of passing on an opportunity that proved to be highly lucrative afterward.

But dwelling on these mistakes and obsessing over how you could have prevented them is both counterproductive and can negatively impact a leader's decision-making when future opportunities present themselves. Below, seven entrepreneurs share their best advice on how to bounce back and overcome regret after losing an important deal or business opportunity.

Own it and learn from it.

"Focusing too much on a lost opportunity can be like carrying around a weight," muses Blair Thomas, co-founder of eMerchantBroker. "When I have carried around too many regrets, it has impacted my ability to see new ventures."

The best approach, according to Thomas, is to recognize what happened and why you missed the opportunity, and then keep track of aspects you should pay more attention to next time. "This approach has helped me find new, even better opportunities," he says.

Look for the next opportunity.

In fact, looking for other, possibly better, opportunities is one of the best ways to overcome the regret that comes with missed business chances, says Serenity Gibbons, local unit lead for NAACP in Northern California.

"I remind myself that it wasn't the only opportunity for success. There are always more out there so I focus my attention on spotting the next one and not letting that one pass me by," she explains.

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Prepare a list of questions for the future.

When looking for the next opportunity, it's important to be so well prepared that you don't repeat the same mistake again, thinks Blair Williams, founder and CEO of MemberPress.

"Look back at your missed opportunity and brainstorm what kind of questions you could have asked but missed out on that would have helped you reach a different or better decision," Williams recommends. "Next time you'll know exactly what to ask to ensure you don't miss out."

Stay hung up.

For entrepreneurs like Aaron Schwartz, co-founder and COO of Passport, staying hung up on a missed opportunity is actually the key to avoiding such mistakes in the future: "Passport is the third business I co-founded. The first one flopped and the second one was on a big trajectory before… flopping. It's frustrating. But I don't pretend that it didn't happen."

On the contrary, Schwartz says, "I think about the business all the time in order to tease out specific decisions that I made. I want to learn from the bad ones (and yes, the good ones) to give Passport the highest likelihood of success."

Fuel your drive to create.

"What you may be feeling is a bit of regret and jealousy. Simply channel those feeling into the next project. Use it to fuel your drive to create," shares Peter Boyd, founder of PaperStreet Web Design.

It's important to reflect on why you passed on that opportunity and what made the next person successful, Boyd explains, but make sure you don't stay bitter: "Keep in mind that just because someone else made it a success, does not mean it would have been a success if you had worked on the project."

Study behavioral finance.

A good approach to overcoming regret in business is studying and learning how to apply behavioral finance, "a subset of economics that analyzes the psychology that influences most business decisions," says CPA Exam Guy CEO Bryce Welker.

"After learning about potential biases by researching this topic, I've been able to identify them in myself in order to prevent missing out on great opportunities. Learning about concepts like the 'gambler's fallacy' and 'conservatism bias' can be extremely helpful," Welker explains.

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Identify the positives.

Being able to find the positive even in a missed opportunity is key to changing your mindset and learning not to dwell on past mistakes, believes Rachel Beider, CEO of Massage Outpost.

"When we are stressed about regretting something, or feeling anxious over a missed opportunity, we don't have access to the resources of our mind," she explains. "Get out of that headspace by asking yourself, 'What else could this mean?' or 'What's great about this?' Chances are you'll be in a better place to move forward."

PUBLISHED ON: JAN 28, 2019

Original article posted on the Inc.com site, by the Young Entrepreneur Council.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bitcoin Earning Service Lolli Bags Partnership With Safeway

Bitcoin Earning Service Lolli Bags Partnership With Safeway

Lolli Bags Big Partnership, Helps to Drive Bitcoin Adoption

To most consumers, getting their hands on Bitcoin (BTC) is an arduous task. For those that aren’t so-called “crypto natives”, onboarding onto an exchange that doesn’t carry that same brand name as, say, E*Trade or TD Ameritrade’s Think or Swim may seem risky, especially when you involve passport details and other personal information. But, there have been companies trying to change this moat, so to speak.

One of these is Lolli, a Bitcoin-centric rewards service that acts much like browser extensions Honey or Rakuten Rewards. Today, the company revealed that it would be partnering with major grocery chains, marking one of its most massive partnerships to date.

Speaking to Yahoo Finance, the chief executive of the startup Alex Adelman revealed that his firm is teaming up with Albertsons and Safeway — two popular chains in North America. Safeway has 900 stores; Albertsons has some 2,300.

While the details of the partnership have yet to be fully released, the firm is expected to be offering up to a 3.5% rebate on transactions at the grocery chains, pretty much allowing for investors to rack up dozens of dollars worth of Bitcoin over the course of a year’s digital grocery shopping trips.

This partnership follows one with Hotels.com — a leading travel service that gets over 55 million visits a month according to SimilarWeb data.

Hotels.com joins Priceline, Hotwire, Hilton, the Marriott, and many other travel-centric partners of Lolli. The travel service brings its 325,000 listed hotels and properties, which exist in 19,000 locations, to the table, giving Bitcoin-friendly consumer countless options to travel the globe in return for some juicy BTC kickback.

Lolli is hoping to capitalize on the massive travel industry, which it claims netted over $1.1 trillion in the U.S. alone during 2018. The company claims that if 5% of this $1.1 trillion sum was routed through Lolli and thus Hotels.com, travelers could have made back about “$1,925,000,000 worth of Bitcoin (~170,354 BTC)” just by downloading the web browser application. To some, not using Lolli is just irresponsible.

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Why Lolli?

Lolli was built by devotees to the “stacking sats (satoshis)” movement, which involves Bitcoin diehards that wish to accumulate the cryptocurrency as much possible, usually on a periodic basis. Their ranks include popular commentators in the industry, including Marty Bent, Mr. Hodl, and The Bitcoin Rabbi.

But what’s the deal here?

Well, those that are stacking sats are under the impression that Bitcoin will become a widely-used currency and store of value, making it nonsensical to not accumulate the asset when it’s still young. This ties in with the investment strategy of dollar-cost averaging (DCA), which sees investors spread out purchases over a period of time to reduce risk and increase potential returns.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Cord Cutting Tops Records in Q1 as Skinny Bundles Get Fatter Price Tags

Cord Cutting Tops Records in Q1 as Skinny Bundles Get Fatter Price Tags

By JANKO ROETTGERS
MAY 3, 2019 11:25AM PT

The flight from traditional pay TV subscriptions reached new records in the first three months of this year, and online TV subscription services did little to provide relief for their operators.

Altogether, the industry lost north of 1 million pay TV subscribers in Q1 after shedding 3.2 million subscribers through all of 2018. BTIG analyst Rich Greenfield called these results “the worst multichannel video quarter sub loss quarter in history” in a blog post this week, pointing to it as proof of his forecast of “a notable acceleration in cord-cutting trends throughout 2019.”

The biggest loser among the major pay TV operators in Q1 was AT&T, shedding a whopping 544,000 subscribers across its Uverse and DirecTV services (with another 117,000 DirecTV disconnections not being included in the company’s quarterly results due to accounting changes). Fellow satellite TV operator Dish lost 266,000 traditional pay TV subscribers, in part due to a carriage dispute with HBO. Verizon shed 53,000 TV subscribers.

Cable companies didn’t fare much better in Q1, with Comcast losing 121,000 video subscribers. Charter lost 152,000 video subscribers. Mediacom also shed 53,000 video subscribers, and Altice / Suddenlink lost a combined 10,000.

Those losses are dramatic on their own, but there’s more bad news for the industry in its Q1 numbers: Online skinny bundles, once seen as pay TV’s best chance to bring long-time cord cutters back into the fold, didn’t do much to stop the bleeding.

AT&T’s online TV service DirecTV Now contracted notably during the quarter, with AT&T losing 83,000 streaming subscribers. That’s a very different picture from Q1 of 2018, when AT&T lost 187,000 traditional TV subscribers, while also adding 312,000 DirecTV Now subscribers.

However, much of that growth could be attributed to lower and promotional pricing for DirecTV Now, which the telco has been gradually moving away from. The price for the cheapest DirecTV Now bundle went from $35 to $40 last summer, and the telco phased out virtually all of its promotional pricing, which allowed some wireless subscribers to stream DirecTV Now for as little as $10 per month.

The latter already contributed to significant defections over the holiday quarter. Over the past two quarters, AT&T lost a total of 350,000 DirecTV Now subscribers. It’s likely that the service will see additional cancellations from price-sensitive customers in the coming months: AT&T further increased the price of the cheapest DirecTV Now bundle to $50 per month in April.

Dish’s Sling TV, which has managed to keep prices comparably low, only grew by 7000 subscribers in Q1. There is no word on how well some of the other online TV bundles performed in Q1; Google doesn’t break out subscriber numbers for YouTube TV, and Sony doesn’t report PlayStation Vue numbers.

Hulu announced this week that it had a total of 28 million subscribers across its service tiers, but didn’t say how many of those are signed up to its live TV bundle. Recent Bloomberg estimates put Hulu’s bundle at 2 million subscribers, with YouTube TV reportedly serving 1 million customers.

But even these new entrants may not be immune to defections as the prices for these so-called skinny bundles are getting fatter across the board. Sports-focused fuboTV announced a $10 price hike in March, and Hulu and YouTube TV both raised their prices by $5 over the past couple of months.

These massive pay TV defections are increasingly impacting the media industry at large. Discovery reported a 4% decline in subscribers to its cable networks for Q1, despite the addition to online TV bundles.

BTIG’s Greenfield expects that cord cutting will also “negatively impact broadcast and cable network programmer retrans/affiliate revenues” in the current quarter. And he does’t expect online TV bundles to make up for those losses, despite the fact that programmers get paid more per online subscriber since “churn is dramatically higher” for online bundles.

Greenfield believes that programmers have no one but themselves to blame for skinny bundle defections. “Legacy media’s forced bundling tactics continue to put business models and profits ahead of the consumer which is ALWAYS a long-term losing proposition,” he wrote.

Original article posted on the Variety.com site, by Janko Roettgers.

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Article re-posted on Markethive by Jeffrey Sloe

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Manny Pacquiao vs Keith Thurman

Manny Pacquiao vs. Keith Thurman fight prediction, odds, tale of the tape, expert pick, complete breakdown

It's a huge welterweight showdown from the MGM Grand Garden Arena in Las Vegas on Saturday night

It's 2019 and Manny Pacquiao is back in the A-side role of a pay-per-view fight in Las Vegas.

In a true testament to the greatness and longevity of the 24-year professional, Pacquiao will enter Saturday's title bout against unbeaten WBA welterweight champion Keith Thurman as the betting favorite when the two touch gloves inside the MGM Grand Garden Arena (Fox PPV, 9 p.m. ET).

For the 40-year-old Pacquiao, the only fighter in boxing history to win titles in eight divisions, the fight moves him one step closer to proving he's the best 147-pound fighter in a crowded and dangerous division. It would also help cement even further his Hall of Fame resume with a victory over a prime and powerful opponent who lacks nothing in terms of speed and technique.

It may come as no surprise that the 30-year-old Thurman isn't expecting to roll over for the Filipino icon. The brash champion, known as "One Time," has predicted a knockout of Pacquiao and has willingly stated his intention to retire him.

"I say I'm going to put him to sleep because I've got power," Thurman said during Wednesday's final press conference. "I want to remind the world of something, something very simple: I'm Keith 'One Time' Thurman. I have the name for a reason, not a short season.

"Manny isn't going to do anything. With the little 'T-Rex' arms. He's about to get beat up. I get to punch a Senator in the face and he's going to feel it. If he's upset about it, he can do something about it Saturday night. It's called swing, swing, swing baby."

True to form, Pacquiao has been anything but offended and has brushed off the trash talk in favor of focusing on his hopes for a toe-to-toe clash that excites the fans.

"For me, nothing is personal," Pacquiao said. "I have to do my job and there is nothing personal with him. Our job is to fight and he has to prove something, and I have to prove something. That's why I'm so motivated for this fight and this training camp."

The fight will take place in the gambling capital of the world, however, and Thurman hasn't hidden from the fact that he has placed a substantial bet on himself to score an early knockout.

"I'm a winner in life, and to bet on myself to win in the opening rounds," Thurman said. "It makes me do what I said earlier, which is swing, swing, swing. You've got to swing to hit a home run. You can't just sit there and pump fake all day."

What's at stake

The two fighters will unify the WBA welterweight title thanks to said sanctioning body's decision to promote multiple titles in the same division. Pacquiao, who holds the WBA's secondary version, has never held the WBA's full title and lost his shot at winning it in his 2015 unification bout with Mayweather.

Along with Thurman's world title, the winner will get the opportunity to likely face whoever comes out of the September unification fight between Errol Spence Jr. and Shawn Porter. Because of the questions facing each fighter coming in (from Pacquiao's age to Thurman's recent layoff and his shaky performance against Josesito Lopez in January), the idea that both are competing for their fighting future on the elite level also isn't out of the question.

Even though Thurman is an established champion who owns career-defining wins over Porter and Garcia, this fight also offers him a shot at potential crossover stardom should he be able to win in defiant fashion in front of a large PPV audience.

To read the original and complete article go to the CBS Sports site. Original article was written by Brian Campbell.

Who has the edge in power, speed, technique, defense and intangibles? Find the answers to these questions by reading the complete article. Use the link above. You can also read the author's fight "prediction" and pick in that article.

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Article re-posted on Markethive by Jeffrey Sloe

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Bitcoin Spikes 10 in Minutes Up to 10800 From 9100 Bottom

Bitcoin Spikes 10% in Minutes, Up to $10,800 From $9,100 Bottom

Bitcoin Spikes Higher in Unexpected Surge

Wow, well that was quick. In the past two hours, Bitcoin (BTC) has gained over 10%, rallying from $9,400 to $10,600. Most of this rally actually took place in a few minutes, with the cryptocurrency gaining around $800 of that move higher in a matter of a single five-minute candle. To say that the crypto market is volatile is an understatement, that’s for sure.

Per Kruger, this rally was entirely unexpected. “No technical analysis could have predicted that squeeze until it was already half way under way. Bears were fully in control until slightly past 10:30 EST,” he wrote on Twitter.

This 10% spike is the latest in a series of moves that have cemented that volatility is back in the cryptocurrency markets. As industry analytics provider Skew points out, Bitcoin realized volatility levels are “back to levels not seen since the end of the great 2017 bull market.”

This strong surge to the upside comes after CryptoHamster drew attention to a number of reasons why Bitcoin dumping to $9,100 may be the end of the drop.

Firstly, the one-day Relative Strength Index (RSI) and the Stochastic iteration of this indicator are at their lowest levels since at least February, entering the “oversold” range. The one-day Moving Average Convergence Divergence (MACD) has tapped the zero level, despite the fact that Bitcoin is in a raging bull market according to most analysis.

Also, the Elder’s Forse Index, an indicator meant to exhibit the strength of moves, is at its lowest since November 2018; and historical volatility is almost at 100%, implying a move to the upside to return volatility to levels deemed normal.

Despite all this, there are some that suggest BTC still needs to correct further to return to more sustainable levels. $8,000 seems to be the local bottom that most are keeping their eye on, but this recent boom may put a damper on a move to that level.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Fundstrat: Bitcoin Fall to 10000 Healthy 20000 EOY Possible

Fundstrat: Bitcoin Fall to $10,000 Healthy, $20,000 EOY Possible

Bitcoin Correction to $10,000 is “Healthy”?

Bitcoin (BTC) has been absolutely slammed over the past five days. Since passing above $13,000 for the second time this year on Wednesday, the cryptocurrency has been on a clearly downward-sloping trend. As of the time of writing this, Bitcoin sits at $10,600 — down by around 25% from its year-to-date high of $13,900.

Despite this harrowing price action, which has resulted in a sentiment of “extreme fear” according to the Bitcoin Fear and Greed Index, Fundstrat’s Tom Lee is still quite bullish.

In a recent response to Morgan Creek’s Jason Williams, the Wall Street’s resident staunch cryptocurrency optimist, explained that it is “healthy” to see Bitcoin pullback here.

Backing his claim, Lee suggests that as Bitcoin’s search traffic, as calculated by Google Trends, is still low, the recent drawdown makes sense and could be deemed a “good sign”. You see, the fact that search interest for the “Bitcoin” and “crypto” keywords haven’t rallied to 2017 levels suggests that there isn’t “massive hype” gracing this budding market, which means that BTC has room to run and is only in the early stages of its next cycle.

And as The Crypto Monk, a popular trader, remarked in a tweet, in previous bull runs, BTC established a pattern of entering parabolic uptrends, breaking them, consolidating, before embarking on more parabolic uptrends. Barring that Bitcoin currently isn’t in a bull market, this same series of events could easily play out now.

$20,000, Maybe $40,000 by the End of 2019?

Lee’s persistent optimism comes as he has continued to eye $20,000, even $40,000 as price targets for Bitcoin to reach by the end of 2019. Here’s why he’s bullish.

In the interview, Lee said that all things considered, Donald Trump’s tweets regarding this industry are “positive” because they cement the idea that cryptocurrencies are a relevant topic on the global geopolitical and macroeconomic stage. Indeed, over the past few weeks, the words “Bitcoin”, “Libra”, and “Crypto” have begun to grace mainstream outlets and government hearings time and time again.

Lee expounded: Trump’s comments “makes the other 99% [of the world] more aware [of cryptocurrency].” And if 1% of this new audience somehow finds value in the cryptocurrency market, the size of the community surrounding this asset class would de-facto double instantly.

In previous interviews, the Fundstrat co-founder also looked to the launch of Libra; a growth in cases of dovish fiscal policy, which some say will increase the chances of a recession and large inflationary events; and geopolitical tension that could only bolster the fundamental need for decentralized money as other bullish catalysts.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

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New Model: Bitcoin BTC to Reach Peak of 80000 in Next Cycle

New Model: Bitcoin (BTC) to Reach Peak of $80,000 in Next Cycle

Long-Term Outlook for Bitcoin

With Bitcoin (BTC) rapidly rallying by over 300% from 2018’s brutal bottom of $3,150, analysts have been wondering where this asset is going to head in the long term.

You see, while BTC is at $13,000 — which many say is already expensive enough for a digital asset that isn’t tangible — many proponents of cryptocurrency and technological idealists have come to the conclusion that this isn’t where Bitcoin’s story ends. On the contrary, actually. This may be Bitcoin’s true story begins. Sound dramatic, I know, but this may very well be the case.

CryptoHamster, an up-and-coming Twitter cryptocurrency analyst, recently posted the chart below, speculating as to where BTC could end up at the end of this cycle, which is likely to end in late-2020 or early-2021. Per his projections, which is based off an ascending channel on the logarithimic chart, Bitcoin will peak at around $80,000 in the coming year or two. A move to $80,000 from current levels would represent a 515% rally from $13,000 — crazy, right?

Interestingly, this hasn’t been the first time that the $80,000 figure has been mentioned by a prominent analyst. Per previous reports from Ethereum World News, Level’s Josh Rager notes that over Bitcoin’s three completed cycles, the trough to peak gains decreased by around 80% each time, which is a concept defined by the law of diminishing returns.

As Rager notes, 2011’s rally saw a return of 320,000%; 2014, 58,500%; and 2017, 12,000%. Thus, if history is followed to a tee, BTC will rally by 2,400% off its bottom, giving it a potential high of just shy of $80,000, this being $78,500.

Some have frankly been even more optimistic. Earlier this year, prominent trader Galaxy, claims that Bitcoin’s current monthly chart looks eerily similar to that seen in late-2015, when BTC finally began to embark on a rally yet again.

This is notable, as the last time BTC’s chart structure looked as it did now (a massive green candle after ~one year of selling pressure), what followed was a 6,500% price surge in a two-year time frame. Thus, Galaxy notes that if historical precedent is followed to a tee, a bull run of the previous one’s magnitude will place BTC at over $333,000 per unit by the end of 2021.

That may be a tad optimistic, for now anyway.

What Will Drive BTC Growth?

But what the hell is going to drive Bitcoin’s long-term growth?

According to Mark Yusko and Anthony Pompliano of Morgan Creek Digital, the answer to this pertinent question is rather simple.

This being continued institutional involvement from investors and groups that want to gain exposure to one of the best asymmetric bets in finance, and a ticket to the future of finance; and irresponsible fiscal policy, which will both drive demand for Bitcoin in the short term and in the long term.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

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Today’s Teens Don’t Like Bitcoin amp Crypto: What?

Today’s Teens Don’t Like Bitcoin & Crypto: What?

Gen Z Not in Love With Crypto Like Some Thought

You’ve heard what the talking heads say, Millennials, Generation Xers, and Generation Zers will be the first crypto-adopting demographic. You see, unlike baby boomers and those in and above that age range, those in recent generations grew up with technology in their hands, including video games that involved some form of digital money or digital item system, be that gold in Clash of Clans, skins in Counter-Strike or Team Fortress, EVE’s ISK, or what have you.

And, it has been a common trend that some of Bitcoin’s most staunch critics would be deemed “senior”. Just look to Warren Buffett, Peter Schiff, and Kevin O’Leary. These three investors have all bashed the leading crypto asset within the past few months.

Thus, many have drawn conclusions that the logical step will be for these technology adopters to find their way into the cryptocurrency industry to instantly fall in love with Bitcoin and its ilk.

According to a recent Business Insider report, a majority of those aged 13 to 21 surveyed by the outlet are not entirely bullish on Bitcoin. In fact, 52% of the 1,884 American respondents claimed that they are likely not going to invest in digital assets within the next six months.

It is important to note that this doesn’t mean Generation Z is bearish on Bitcoin per se. Instead, the harrowing figure may suggest that there is a lack of fiat onramps into the ecosystem for younguns, made clear by the fact that if you are legally considered a minor, it is very difficult for one to obtain Bitcoin or other digital assets with a debit card or PayPal. Also, this statistic could also be a sign that there aren’t enough proper educational portals for American teens about the value proposition of Bitcoin and cryptocurrency.

Still, with a mere 5% of Americans between 13 and 21 years of age claiming that they are most likely going to purchase cryptocurrency within the next half-year, it is apparent that there’s a copious amount of upside to be had. How can the upside be captured though? This writer has a few ideas

More likely than not, Bitcoin and crypto adoption via this demographic will not be had through inundating social media feeds with macroeconomic trends and why BTC is fiscally better than fiat currencies. Instead, adoption of this budding asset class could be achieved by showing how crypto and related technologies can improve the efficiency of transactions and digital processes.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

FT: Bitcoin BTC Rally Past 10000 is Making Wall Street Return

FT: Bitcoin (BTC) Rally Past $10,000 is Making Wall Street Return

Institutions Now Foraying into Bitcoin, Report Suggests

Bitcoin (BTC) may have lost its bullish momentum over the past few days, but institutions are purportedly still well on their way back to the crypto space.

Ever since 2017, crypto investors across the board have been eyeing institutions, trying to determine if giants in finance, technology, and retail were going to make a play in this embryonic industry. At first, Wall Street was all for Bitcoin: the CME and CBOE launched futures for the leading digital asset, Goldman Sachs hinted at its interest to launch a crypto asset trading desk, ETF giant BlackRock purportedly had a “task force” for digital assets, and a number of over-the-counter desks were propped up.

But, once BTC started to fall, institutions fell silent. Executives in finance stopped mentioning “cryptocurrency” or related buzzword, and some firms, like Goldman, dropped plans to make any ventures in the space. However, over the last couple of months, institutions have begun to express interest and Bitcoin and its ilk once again, likely recognizing that cryptocurrencies aren’t dead after all.

The New York Stock Exchange/Intercontinental Exchange launched Bakkt, a Bitcoin futures exchange and infrastructure play; Fidelity Investments launched its own crypto custody & trade execution service, all while continuing to mine BTC in-house; Nasdaq has claimed that it is working on cryptocurrency futures; and TD Ameritrade and E*Trade, two retail brokerage giants situated in the United States, are reported to have plans to launch spot Bitcoin trading to millions of investors shortly.

But, according to a recent report from the Financial Times, which, like many other mainstream outlets, have ramped up their coverage of cryptocurrency, the recovery in the Bitcoin price has rekindled Wall Street’s interest in crypto more than we may realize.

The outlet writes that “senior figures in the financial services industry” have begun to eye cryptocurrency. For instance, a Dutch exchange-traded fund firm, Flow Traders, added crypto assets. And, over 50 companies, including high-frequency trading/market making firms DRW and Jump Trading, have formed a group to “develop a ‘deep, efficient, and secure’ market”.

The Financial Times adds that there has been a resurgence in interest in the Asian market, especially Japan and China. Per David Mercer of LMAX Exchange, this shift in the market can be pinned to Bitcoin finding use as a hedge “against a deflationary monetary environment.” Indeed, Deutsche Bank analysts recently admitted that Bitcoin may find use as a way out of traditional finance, which many believe is on the edge of collapse, due to dovish fiscal policies on behalf of the world’s central banks.

Regardless of the exact reasoning institutions have for returning to the space, it seems that Wall Street and their counterparts in Asia and Europe believe that at long last, crypto is here to stay.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

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Bitcoin BTC May Fall by 25 to 9000 After Reaching 12400: Analyst

Bitcoin (BTC) May Fall by 25% to $9,000 After Reaching $12,400: Analyst

Bitcoin Ready to Fall by 25%?

Wow. After collapsing just the other day, Bitcoin (BTC) bulls are right back at it. Just yesterday, BTC was sitting at $10,400, having fallen by over $3,000 from its local peak at $13,800 — a key resistance level and the 0.618 Fibonacci Retracement level of the entire bear market. Now, the leading cryptocurrency sits at $12,300, still shy of $13,800. While this rapid recovery has many claiming that BTC is ready to take on new all-time highs once again, one analyst suggests that this recovery sits Bitcoin right up for yet another collapse.

In a recent TradingView analysis, known trader Financial Survivalism claimed that the chances of a strong correction have been building for a while now, ever since Bitcoin broke past $5,800 and then $8,000.

The analysis, posted some 24 hours ago as of the time of writing this report, predicted the rebound to $12,400, which is just over where Bitcoin sits now.

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This is important, as Survivalism predicted that once $12,400 has been hit, a correction to $9,000, which has acted as an important level of both support and resistance over the past few weeks, will begin to take place. This has yet to occur, but considering the accuracy of the target of $12,400, this 25% drop may come to fruition in the near future.

As to technical reasons for this reversal, Survivalism seemed to point out three. Firstly, a move to $9,000 would give Bitcoin a chance to revisit an uptrend support that BTC followed closely from late-April to just two weeks back. Secondly, the BitMEX funding rate has hit very high levels, implying that longs may need to close their positions, leading to a devaluation of the cryptocurrency. And lastly, the Average Directional Index, a technical analysis indicator meant to determine the strength of a trend, is “looking ready to roll over soon on the daily”, implying weakness.

Some Analysts Still Bullish Beyond Compare

While $9,000 seems to be on the table, especially considering the technical factors, some have been entirely optimistic. Naeem Aslam has remarked that as long as BTC stays above the 242-day moving average, which is somewhat unorthodox compared to the traditional 50 or 200-day, a correction is unlikely. In fact, he quips that in the short term, $20,000 is likely; and in the long run, Bitcoin could foray into the $60,000 to $100,000 range — just around five to eight times higher than current levels. Crazy, eh?

This may sound crazy to investors in traditional markets, most of which are used to 10% yearly gains, but many agree with Aslam’s cheer. In an email to CoinTelegraph, Simon Peters suggested that Bitcoin could reach $20,000 within one to two weeks.

The eToro analyst backed this claim by noting that when BTC first broke past $11,800 in 2017, it took just around a week or two to blast to $20,000. It is important to note that during the last boom, the conditions were different: the CME and CBOE had just announced their futures and retail investors were FOMOing.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

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