Handling of crypto-currencies: are they organized on forums?

The manipulations are organized by online communities.

Jake Daniels explored a scenario where he had to buy the ADA token

Forums will continue to find Crypto Revolt that are climbing and reap the money generated by media attention.

All these massive hikes organized by online communities are making a crowd of new traders drool with envy looking for the next big asset. It is no coincidence that I have noticed an increase in posts regarding participation in “pump discord groups” on Twitter.

I’m a marketing project manager at CoinSmart, a Canadian cryptocurrency exchange . My role is to create animated and topical graphics that highlight the cryptocurrency that will be talked about.

On Tuesday, February 2, I was investigating whether a particular event had been responsible for the 20% rise in Cardano’s ( ADA ) share price. Was this a new tech announcement, or a new manipulation of the WallStreetBets forum?

Browsing through the hashtag $ ADA on Twitter, I observe that it is inundated with identical tweets mentioning a group of people looking to manipulate the market.

“$ Ada handled by a lot of people tonight!”

“#Wallstreetsbets and other forums will manipulate $ ada. They have already attacked $ xrp, $ doge, $ gme and $ amc! Check the court of these assets ”.

I considered this situation, and envisioned a scenario where if I were to buy ADA while under the effect of FOMO, what would happen?

Cryptocurrency case number one: ADA

The first order: Browse tweets about ADA manipulation and merge them into intervals to measure trading volume . You will find below this volume on the history of the token price.

Although it may be a coincidence, when the volume of spam increases, a slight increase in prices ensues. Maybe a few people realize the situation and decide to buy. Or maybe it’s trading robots that use this indicator as a buying factor.

Let’s zoom out for a few hours and put that into perspective.

We can see spam rushing through Twitter when the cryptocurrency has hit its peak: one minute, actually. We, the amateur investors, do not yet know that this is the right time.

Instead, we take a look at GME, AMC and DOGE cryptocurrencies and stocks, which have risen by over 100%, and hope that this so called “#wallstreetsbets in partnership with Discord” will do its magic!

With perfect anticipation? It certainly doesn’t sound like market manipulation. In any case, their method worked.

Find more examples

I want to know more about the consistency of this group and its patterns. So I zoom out again.

Below I have counted the number of times the group URL is found in tweets. These tweets have again been grouped into two minute intervals where each color represents a different message.

“XRP and DOGE cryptocurrencies were boosted by the same group that drove AMC and GME stocks soaring. This group grew to 50,000 members in 24 hours. “

“This forum is going to push XRP up tonight at exactly 9pm GMT. They also brought up the DOGE a few days ago. “

“The price of XRP is boosted by a forum that also raised the DOGE. The #dogecoinarmy is formed in a group of 200,000 members. „

Ripple’s XRP explodes almost 60% – what’s behind the pump?

The past few months have been challenging for Ripple’s XRP owners . The cryptocurrency plummeted in price while the other top cryptocurrencies by market capitalization saw price growth that has not been seen in years.

Ripple’s XRP’s drop in price is due to the charges brought against Ripple Labs and two of its executives in December. The SEC’s charges include the sale of over $ 1 billion in unlicensed securities based on the sale of Ripple’s XRP. The SEC claims that Ripple’s XRP is a security – a designation that has not been assigned to the two major cryptocurrencies, Profit Secret and Ether.

That announcement resulted in a price drop of over 50 percent as many platforms using RippleNet and Ripple’s XRP ceased operations over these allegations. These platforms are not regulated by the SEC and want to stay that way.

As such, these allegations could bring them under US jurisdiction if they are involved in the sale of securities to users. Even regulated firms like Grayscale, the largest digital asset manager in the cryptocurrency space, reduced XRP holdings after this announcement.

Ripple is fighting back

Many stakeholders in the XRP ecosystem were extremely upset by these claims. Some filed petitions.

Some have turned against the SEC for waiting seven years after Ripple’s XRP launched to take action. Others sued platforms like Coinbase for allowing the unregistered sale of securities.

Aside from all of the drama surrounding these allegations in late 2020, Ripple responded legally to the allegations. In the filing, they alleged that the charges are based on „an unprecedented and ill-conceived legal theory – with no legal mandate or authorization from Congress“.

Ripple says XRP is not a security

The Ripple Labs legal team states that Ripple’s XRP is not a security. They justify this with the fact that “XRP performs a number of functions that differ from the functions of“ securities ”, as the law has understood this term for decades. For example, the token functions as a medium of exchange […] It is not a security and the SEC has no authority to regulate it as such ”.

Ripple Labs, Brad Garlinghouse, and Christian Larsen claim that since the token acts as a „currency,“ which is a means of storing and transferring value, the SEC has no jurisdiction over it as a security.

However, Ripple Labs and the other two defendants allegedly sold over $ 1 billion to Ripple’s XRP to fund their businesses – and for personal reasons. This has traditionally not been possible with a privately issued “currency”. For now, Ripple’s XRP will remain pending, but it should be very interesting to see how the SEC reacts.

However, the crypto community seems happy that Ripple is officially reacting – at least if the price can be an indication of it.

Mężczyzna z Wielkiej Brytanii oferuje miastu 72 miliony dolarów za pozwolenie na wykopanie odrzuconego Bitcoin Fortune

James Howells, pracownik IT z Wielkiej Brytanii, zaoferował radzie miejskiej Newport 72 miliony dolarów w zamian za pozwolenie na wykopanie dysku twardego, który wyrzucił w 2013 roku, na którym przechowywanych jest 7500 BTC.

Według The Telegraph Howells przypadkowo wyrzucił dysk twardy podczas sprzątania swojego domu

Jego fortuna Bitcoin została zarobiona poprzez wydobywanie z procesorem, kiedy wciąż było stosunkowo łatwo wydobywać flagową kryptowalutę.

Kiedy jego fortuna zaczęła być warta miliony, próbował odzyskać twardy dysk, ale rada miasta Newport nieustannie odrzucała jego prośby. Według tabloidu dziennika Newport South Wales Argus , złożył on teraz miastu ofertę wartą 25% funduszy w formie darowizny na pomoc w związku z COVID-19.

Przy obecnych cenach BTC przechowywane na dysku twardym jest warte prawie 300 milionów dolarów. Pracownik IT podobno powiedział, że potrzebuje tylko dostępu do zapisów na wysypisku, aby wiedzieć, gdzie szukać, i że zespół poszukiwawczy stworzy hermetyczne uszczelnienie, aby zapobiec uwalnianiu trujących gazów.

Komentując możliwość znalezienia funduszy, Howells powiedział, że „nie ma gwarancji”, że dysk twardy nadal będzie działał ze względu na środowisko, w którym się znajduje, ale dodał:

Obudowa zewnętrzna może być zardzewiała. Ale na dysku wewnętrznym, na którym przechowywane są dane, powinna istnieć duża szansa, że ​​nadal działa. Wierzę, że wciąż będzie szansa. Ale im dłużej to trwa, jest mniej prawdopodobne, że będzie to możliwe.

Urzędnicy sprzeciwiają się jednak, że wykopaliska wiążą się z zagrożeniami dla środowiska i że jeśli dysk twardy nie zostanie znaleziony, musieliby sami pokryć rachunek. Howells powiedział jednak, że jest gotów przekazać środki na rachunek powierniczy, aby pokryć koszty wykopalisk.

Will central banks hold Bitcoin in 2021?

Alex Krüger has changed his mind about the adoption of bitcoin by the central bank (BC).

He posted a tweet about it, talking about adopting BTC over gold.

Krüger even sees a modest entry into the market as having a huge effect

Renowned cryptocurrency trader and founder of Aike Capital, Alex Krüger, tweeted on January 1 that the bitcoin-gold relationship needed a closer look.

Sooner or later central banks (CBs) will hold bitcoins , says Krüger. The reason, he says, has to do with gold and the way central banks treat it.

In a series of tweets, Krüger shows how the demand for gold has changed in 2020.

I changed my mind.

Major central banks will eventually hold #Bitcoin as a reserve asset.

So let’s explore what central bank demand for gold looks like .

Habits are hard to change

Krüger begins by showing that central bank demand for gold has remained stable for much of the past ten years. However, it dropped dramatically in 2020. It also draws attention to the fact that adding liquidity pushes up gold prices.

So who bought gold? Without going into detail on why CBs have reduced their gold consumption so much, Krüger points out that institutional investors dominated demand in 2020. Jewelry, on the other hand, has fallen, as demand is price sensitive. .

Hvorfor Bitcoin var MicroStrategys eneste mulighed

MicroStrategy brød stilheden, da den investerede i Bitcoin. Det ændrede, hvordan institutioner så Bitcoin fra et investeringsperspektiv. Fra skeptikere, der kritiserer [kritiserer] Michael Saylor og MicroStrategys investeringsbeslutning til de samme mennesker, der dypper tæerne i Bitcoin-investeringer, har tingene ændret sig til det bedre i sidste kvartal.

Var MicroStrategys beslutning dog god?

Nå, klart, især da dets overskud er mere end fordoblet siden dets investering i Bitcoin. Faktisk steg det samme til 194%, efter at Bitcoin steg til $ 23.700 for mindre end 24 timer siden. Selvom overskuddet er godt, er det bedste, at aktiekursen nu har klaret sig meget bedre end Bitcoin siden sin første investering i august.

Konkurrenter til MSTRs Bitcoin-investering

Siden august har Bitcoin steget med 106%, mens MSTR er steget med massive 124%. Tesla har dog overgået MSTR selv og registrerer afkast på 153%.

Efterhånden ville investering i TSLA måske (selvom det var underligt for et offentligt selskab at investere i et andet offentligt selskab) måske have givet MSTR mere overskud end Bitcoin hidtil har været siden august. Man skal dog forstå, at mens TSLA uden tvivl ville have returneret mere afkast end Bitcoin, ville disse afkast være kortvarige.

I modsætning til Bitcoin har Tesla flere variabler eller wild cards, der vildt kan påvirke aktiekursen. Mens denne risiko for det ukendte enten kunne give MST høje afkast i fremtiden eller måske lavere, er Bitcoin blevet programmeret til at fortsætte sin rejse ind i knaphed, hvilket betyder, at der er færre variabler.

En ting at bemærke her er, at både Bitcoin eller Tesla står over for almindelige usikkerheder som pandemien og dens virkninger på det globale finansielle marked. Nå, hvad med andre sikre aktiver som guld eller sølv?

Det er klart, at afkastet på både disse eller andre sikre havneaktiver eller ædle metaller har været lavere end Bitcoin eller TSLA.


Mens der muligvis er bedre aktiver, der måske giver bedre afkast end Bitcoin på kort sigt, er de ikke levedygtige for den langsigtede investering, som MSTR leder efter. Indtil videre, i usikre tider som disse, ser kryptokurrencyøkosystemet ud til at være det eneste med svaret.

Desuden er aktien siden sin Bitcoin-investering også steget, hvilket er en usædvanlig kendsgerning i betragtning af MicroStrategys konkurrenter – Looker & IBM – som begge har næsten nul afkast siden august. Tværtimod har en anden konkurrent, Domo, oplevet en stigning på 100% i samme tidsperiode og er ergo en undtagelse.

L’approvazione di Bitcoin da parte delle celebrità beneficia della crittovaluta?

Alcune celebrità hanno comprato delle startup cripto o delle blockchain di backup. Questo va a beneficio dell’industria dei crittografi?

Diverse celebrità sono state coinvolte in Bitcoin negli ultimi anni, con attori famosi, atleti e personalità tecnologiche che vi hanno preso parte. Di seguito sono riportati alcuni dei più importanti investitori e sostenitori di celebrità della crittografia dell’ultimo decennio.

Celebrità che utilizzano Bitcoin

La star di Game of Thrones Maisie Williams ha acquistato una quantità sconosciuta di Bitcoin a novembre dopo aver chiesto consiglio alla comunità dei crittografi su Twitter. Anche se la comunità di Twitter era divisa sull’acquisto di Bitcoin da parte di Williams, Williams in seguito ha detto che „ne ha comprato comunque un po'“.

Williams non è la prima celebrità ad interessarsi a Bitcoin. L’autore di Harry Potter, J.K. Rowling, ha twittato su Bitcoin Era a maggio. Anche se alla fine ha scelto di non investire in Bitcoin, e ha dichiarato di non fidarsi di esso, per più di tre ore la Rowling ha discusso con i sostenitori di Bitcoin, tra cui il reporter di The Block Steven Zheng, il direttore esecutivo di Zcash, Josh Cincinnati, e l’avvocato di crittografia Jenny Leung.

Paris Hilton, nel frattempo, ha messo all’asta un dipinto digitale del suo gatto nell’agosto 2020, che ha venduto per 17.000 dollari di Ethereum. Il ricavato è stato donato in beneficenza.

L’artista Hip Hop Kanye ha detto in ottobre che gli obiettivi della comunità Bitcoin potrebbero portare alla „vera liberazione dell’America e dell’umanità“.

Alcune delle prime adozioni dei Bitcoin sono avvenute nell’industria musicale. Il rapper Snoop Dogg e l’ex Spice Girl Mel B hanno accettato i Bitcoin come pagamento per l’acquisto dell’album nel 2013. Anche l’artista musicale islandese Bjork ha accettato pagamenti Bitcoin nel 2017.

Anche il comico Drew Carey ha tenuto Bitcoin a un certo punto. Nel 2013 ha detto di aver „cercato di comprare la colazione [con] Bitcoin“, ma ha lamentato che il suo tentativo di pagamento è stato rifiutato.

Progetti sostenuti da celebrità

Altre celebrità hanno scelto di sostenere progetti di criptovaluta piuttosto che acquistare Bitcoin. Gwyneth Paltrow ha approvato lo scambio di crittovalute Abra nel 2018, mentre il calciatore Luis Suarez ha promosso il mercato dei pronostici Stox nel 2017.

Alcune celebrità hanno anche dato sostegno finanziario ai progetti. Ashton Kutcher ha investito nella piattaforma di scommesse sportive criptate Unikrn attraverso la sua società di investimenti, Sound Ventures, nel 2015. Il magnate degli affari Richard Branson ha investito 30 milioni di dollari in BitPay nel 2014. La tennista Serena Williams ha brevemente investito in Coinbase attraverso la sua società VC.

Più recentemente, il rapper Akon ha lanciato la sua propria criptovaluta, „Akoin“ e ha piani dettagliati per costruire una „smart city“ da 6 miliardi di dollari alimentata dalla criptovaluta in Senegal.

I progetti sopra elencati hanno avuto tutti un discreto successo, ma purtroppo questo non è vero per tutte le startup finanziate dalle celebrità. LydianCoin (approvato da Paris Hilton), Bitcoin Direct (approvato da Mike Tyson) e Cobinhood (approvato da Jamie Foxx) sono tutti falliti. Anche Paragon, una criptovaluta di cannabis approvata dal rapper The Game e da Miss Iowa Jessica VerSteeg, ha annunciato il fallimento quest’anno.

Alcune approvazioni hanno portato i regolatori a multare le celebrità coinvolte. Floyd Mayweather e DJ Khaled sono stati multati nel 2018 per il loro coinvolgimento nella promozione di Centra Tech, mentre Steven Seagal è stato multato nel 2020 per aver appoggiato Bitcoiin2Gen. Anche John McAfee è stato multato quest’anno per il coinvolgimento in varie ICO.

La questione in questi casi nasce dal fatto che le celebrità sono state pagate per promuovere i progetti in questione, ma non l’hanno rivelato completamente al pubblico.

Celebrity Talk aiuta davvero Bitcoin?

Le celebrità hanno indubbiamente attirato una certa attenzione per il settore dei criptoscopi. Tuttavia, attori e atleti non parlano necessariamente di Bitcoin per lunghi periodi di tempo.

Piuttosto, le personalità tecnologiche sembrano essere gli investitori Bitcoin più vocali: Elon Musk di Tesla, e Jack Dorsey di Twitter e Square, hanno probabilmente generato più clamore per il criptaggio di qualsiasi altra celebrità tradizionale. Anche gli investitori di VC che hanno investito in Bitcoin accanto alle attività tradizionali, come Tim Draper, hanno beneficiato dell’immagine di Bitcoin.

Altri investitori di alto profilo nel settore della crittografia sono Michael Novogratz di Galaxy Digital, Tyler e Cameron Winklevoss di Gemini, e Anthony Pompliano di Morgan Creek Digital.

In altre parole, l’approvazione duratura da parte di individui che non sono considerati celebrità tradizionali potrebbe avvantaggiare maggiormente Bitcoin, soprattutto se questi individui sono ben noti all’interno della comunità dei crittografi.

Bitcoin reaches R$ 108 thousand at CoinMarketCap after confusion between the dollar and the price of cryptomeda

Platform shows historical record of wrong price for cryptomoeda, which has not yet reached even R$ 90 thousand in the market.

The CoinMarketCap platform made a huge mess with the price of Bitcoin (BTC) in reais. According to the website, cryptomoeda would have reached R$ 108,000 as a historical record in Brazil by the end of 2017.

However, at that time the price of Crypto Genius did not exceed R$ 70 thousand in the Brazilian market, this being the record price for cryptomoeda in reais until recently.

3 reasons why Bitcoin’s dominance metric is a failed indicator

Thus, with the confusion of CoinMarketCap the price of Bitcoin shows an inaccurate record value, which in fact, cryptomeda never reached in Brazil. According to the numbers presented in the platform, the confusion may have happened due to the dollar price.
Bitcoin in CoinMarketCap

CoinMarketCap is considered one of the most famous sites in the world that has a price ranking for thousands of cryptomoedas, besides Bitcoin. Thus, with the compilation of data about the market, the platform believes that BTC was worth almost R$ 108 thousand in Brazil.

According to the website, on December 17, 2017 the price of Bitcoin would have reached R$ 107,898, being this the „highest value“ for cryptomoeda in Brazilian reais. Considering the quotation presented by the platform, it is as if the dollar was worth R$ 5.37 three years ago, when the price of Bitcoin reached around US$ 20,000.

However, at that time the dollar’s quotation was well below the value currently practiced in the market, causing cryptomoeda not to exceed approximately US$ 70 thousand in Brazil.

In Brazil, the price of Bitcoin broke a historical record in 2017 and could not exceed this value until then, for CoinMarketCap. Thus, the platform believes that cryptomeda was worth almost R$ 108 thousand in the country, with the dollar at R$ 5.37 at the end of that year.

CoinMarketCap launches ‚CMC Alexandria‘ cryptomoeda education portal

But, facing the quotation for the dollar in December 2017 in relation to the Brazilian Real, the American currency was worth only $ 3.31 in the market, and not $ 5.37 as suggested by CoinMarketCap.

So, considering the real value of the dollar at that moment, the Bitcoin price had a record of nearly $ 70 thousand which was only recently beaten, with the dollar’s high in 2020.

BTC Price

In the last weeks Bitcoin price has hit consecutive records just after breaking the R$ 70 thousand barrier on October 21st 2020, with the dollar being traded for R$ 5,60 in the market.

It was on this day that cryptomoeda left behind the maximum value reached at the end of 2017, contrary to what CoinMarketCap shows. Thus, since the end of October the price of Bitcoin continues to rise in Brazil, reaching over R$ 85 thousand on November 5, 2020.

Stock markets fall worldwide as Bitcoin price breaks historical record in Brazil

Thus, with the retreat of the dollar in recent days due to the presidential elections in Brazil, the price of Bitcoin may continue to rise if the U.S. fiduciary currency shows signs of recovery.

For now, the price of Bitcoin would need to rise 30% to break the record presented by the platform, considering this Monday’s quotation (9) at R$ 83,039. That is, it would be necessary more than R$ 25 thousand increase in the quotation for cryptomoeda to reach the record value presented by CoinMarketCap.

JPMorgan dice que Bitcoin está ligeramente sobrevalorado como mercancía

Referirse a Bitcoin como una mercancía parece mostrar una visión madura del activo.

Varios expertos de JPMorgan Chase analizaron el precio actual de Bitcoin en comparación con otras materias primas y observaron que el activo podría ver la presión de venta por delante.

„Los estrategas de JPMorgan dijeron que calcularon un valor intrínseco tratando eficazmente a Bitcoin como una materia prima y observando el coste marginal de producción“, según un artículo del 14 de octubre del medio de comunicación indio BloombergQuint – una entidad asociada que involucra a Bloomberg y Quintillion Media. El artículo añadía:

„Bitcoin se enfrenta a un ‚modesto viento en contra‘ a corto plazo basado en un análisis de las apuestas en el mercado de futuros y una estimación del valor intrínseco de la criptodivisa, según JPMorgan Chase & Co.“.

Los precios de los futuros de Bitcoin a menudo se negocian ligeramente por encima o por debajo de la tasa de mercado vigente para el activo, también conocido como su precio de contado. Los precios de los futuros tienden a acercarse a los precios de contado cuando los contratos se acercan a sus fechas de vencimiento. Los precios de los futuros por encima del precio de contado pueden indicar una tendencia alcista, mientras que los precios por debajo del precio de contado pueden indicar expectativas bajistas.

Los especialistas de JPMorgan informaron de que las posiciones alcistas de Bitcoin superan a las bajistas, según un indicador basado en futuros. Los estrategas también mencionaron un aumento de la presión de compra resultante de la reciente tendencia de los principales gigantes financieros que entran en Bitcoin; Paul Tudor Jones, MicroStrategy y Square han comprado bolsas de Bitcoin pesadas en 2020.

Bitcoin ha ganado notoriedad como commodity en los últimos años, y los participantes suelen compararlo con el activo como el oro digital. El hecho de que los analistas tradicionales hayan empezado a ver Bitcoin como un commodity podría indicar una continuación de la trayectoria principal del activo.

Los futuros de Bitcoin influyen en el precio más que los mercados al contado: Wilshire Phoenix

La información del informe parece confirmar lo que muchos en la industria ya creían que era cierto.

Un nuevo informe de la empresa de inversiones Wilshire Phoenix afirma que los productos de comercio de futuros de Bitcoin liquidados en efectivo de la Bolsa Mercantil de Chicago, o CME, afectan al precio de Bitcoin aunque no impliquen directamente el Bitcoin real (BTC).

„Los hallazgos de Wilshire Phoenix indican que los futuros de Bitcoin de CME contribuyen más a la determinación del precio que sus mercados spot relacionados“, dijo un informe del 14 de octubre de Wilshire Phoenix, añadiendo:

„Un mercado de futuros líder sugiere la existencia de una sólida base de comerciantes que pueden comerciar en dichos mercados por muchas razones, como la confianza en el lugar de intercambio y la menor latencia“.

El descubrimiento de precios se refiere esencialmente a cómo se valora cada Bitcoin real en el mercado – su tasa de mercado actual, o precio de contado. El informe de Wilshire encontró esencialmente que estos productos CME afectan al precio de la BTC más que la propia BTC real, que se negocia en bolsas criptográficas.

Lanzados en diciembre de 2017, los futuros de Bitcoin de CME no manejan Bitcoin al contado. Los participantes negocian contratos que siguen el precio de Bitcoin en los mercados criptográficos, pagando esos contratos en dólares americanos a su vencimiento. Estos contratos pagan en base a un índice de precios llamado CME CF BRR, que comprende un precio para BTC basado en valores vistos a través de un número de intercambios criptográficos al contado, llamados intercambios constituyentes. Los productos de futuros de la CME han despertado un notable interés en los años transcurridos desde su lanzamiento.

Aunque los futuros Bitcoin de la CME sólo se negocian en efectivo, los comerciantes y participantes de la criptografía prestan atención a la acción de sus precios, en particular a las lagunas de los gráficos, a menudo denominadas „lagunas de la CME“.

Estos gaps se realizan cuando la CME abre el siguiente día de operaciones por encima o por debajo del cierre del día anterior, basándose en el horario de operaciones de 24 horas de la CME, en comparación con el horario establecido por la CME para los productos. Se sabe que el precio spot de Bitcoin ha viajado de vuelta a cualquier hueco dejado en el gráfico de precios.

Un aspecto destacado en el informe es que la CME opera con más volumen total que cualquier bolsa al contado incluida en su CF BRR, según detalla el informe: „lo que también facilita el descubrimiento de precios en el mercado de futuros“. Además, los participantes en los futuros de CME Bitcoin negocian posiciones notablemente más grandes en promedio:

„Un número relativo de pequeñas operaciones en un mercado dado es típicamente insignificante desde el punto de vista estadístico a efectos de descubrimiento de precios. El tamaño medio de las operaciones en el mercado de futuros de CME facilita su liderazgo en la determinación de precios frente a las Bolsas Constituyentes“.

En el informe también se señaló la presencia de otros mercados de futuros principales que afectan a los precios de contado de otras clases de activos, por lo que las conclusiones no son fuera de lo común.

„Hay 85 instituciones que mantienen posiciones abiertas en los futuros de Bitcoin, esto representa un número similar frente a otros futuros de CME en los principales mercados de divisas como el franco suizo, el índice del dólar estadounidense y los fondos federales“, dijo a Cointelegraph el socio de Wilshire Phoenix y coautor del informe, Alexander Chang.

Medical student who has invested in Atlas has request denied

A NLP professional, an English teacher and a medical student in Buenos Aires has a problem rescuing investments.

A Brazilian, a medical student in Argentina, who invested in Atlas Quantum, had his request denied by the courts. The man claims to have invested more than R$500,000 in the business and is unable to withdraw.

The case is just another round in the mystery of Atlas, a fintech based in São Paulo. When Bitcoin’s earnings were promised to investors when it appeared on the Brazilian cryptomime market in recent years.

By capturing investments without authorization, it did not take long for the business to attract the attention of the authorities. In 2019, the CVM finally fined the company, issuing a stop order.

Since then customers run to withdraw their investments, very unsuccessfully. In the Bitcoin Superstar app Brazilian justice system, numerous cases come every day against Atlas.

Brazilian medical student asks for R$ 500,000 invested in Atlas Quantum in the justice system.
The Bitcoin is a coin founded on a simple motto: your key, your currency. This makes it clear that whoever holds the private key to an address is the legitimate owner of a coin.

However, companies appear on the market offering fixed and above average incomes. One of these was Atlas Quantum, which was recently called the financial pyramid by a judge.

But one new case that has reached the São Paulo courts is that of a medical student. The man who is also a NLP professional and an English teacher, currently lives in Buenos Aires, the capital of Argentina.

In the lawsuit he filed against Atlas, he asks for R$557,484.00 back. The amount would have been invested in the company, but he cannot withdraw his coins.

With this unavailability, which is in fact common in the company, he asks for his investment back in court. The value, according to the price of Bitcoin today, would give more than 9 BTCs.

Justice denied request for free in the lawsuit
The medical student who sues Atlas Quantum has requested the benefit of free justice. In such cases, the judge usually asks for bank statements and proof of assets.

By proving his record, including the recent purchase of land, the court denied the request. In order to proceed with his case he must then collect the procedural costs.

„Moreover, the evidence in the case file does not allow the conclusion to be drawn that the benefit is necessary. It should be noted that the plaintiff initially qualified as an „investor“, claiming to be a neurolinguistic programming professional (NLP) and an English teacher, in addition to being a medical student in Buenos Aires/Argentina, a narrative in which there are already strong indications of at least a good financial condition“, the judge ruled

The very condition of investing in Bitcoin already removes the benefit in other similar cases in the courts. Those who invest in Bitcoin are even entitled to free justice, but must prove their eligibility via documents.

The case is just one more that comes before the courts against Atlas Quantum, accused by several clients in the judiciary today of disappearing with their money.

Bitcoin mantiene ancora il supporto cruciale a $ 10,5K, ma Eyes On The White House (analisi dei prezzi BTC)

Nell’ultimo mese, la volatilità di BTC era diminuita rispetto ai mesi precedenti. La criptovaluta principale era stata scambiata principalmente all’interno di un intervallo di $ 1K tra $ 10.000 e $ 11.000.

Nell’ultima settimana, Bitcoin Era ha raggiunto il limite superiore di tale intervallo a $ 11K; tuttavia, le notizie provenienti da BitMEX addebitate dalla CFTC, insieme al ricovero in ospedale del presidente Trump, hanno portato Bitcoin a $ 10,4K giovedì scorso, che ha segnato il prezzo più basso settimanale.

Finora, questo fine settimana è stato leggermente positivo, poiché BTC ha reclamato $ 10.500

Quest’ultimo è un livello chiave significativo nel mercato rialzista del 2020. $ 10.500 è stato il massimo precedente per la maggior parte di quest’anno e, da quando è stato superato, il livello è diventato una linea di supporto critica.

Nonostante quanto sopra, ci aspettiamo che il prezzo di Bitcoin segua una volta che Wall Street Futures entrerà in gioco. Quindi, non è un caso che il volume sia minore e il prezzo sia finora stabile.

Entrando negli ultimi mesi del 2020, cosa avrà l’impatto maggiore sul prezzo di Bitcoin?

Come accennato in precedenza, il livello critico qui è $ 10.500, seguito da $ 10.400 (insieme alla linea di tendenza ascendente gialla sul grafico a 4 ore). Nel seguente grafico giornaliero, c’erano solo due giorni a settembre con un intero corpo al di sotto di tale intervallo cruciale.

Possiamo presumere che la perdita di quell’area di supporto invierà rapidamente Bitcoin al supporto successivo a $ 10.200, prima di ripetere il test della prossima area principale a $ 9900 – $ 10.000.

Dall’alto, il livello principale di resistenza è l’ultimo massimo di circa $ 11.000, che contiene anche la linea della media mobile a 50 giorni (contrassegnata in rosa).

La linea di fondo è che la situazione sembra indecisa, poiché Bitcoin guarda i futures dei mercati azionari e probabilmente agirà di conseguenza.