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Author Topic: Newcastle United Goes to Crypto with StormGain  (Read 54763 times)

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #60 on: July 20, 2020, 11:15:49 AM »
Win NUFC signed balls and jerseys with StormGain
Crypto traders and sports fans, get ready! StormGain, as proud sponsors of Newcastle United, is excited to announce a new raffle to win fantastic prizes for football fans. We’re kicking off the fun by offering 7 NUFC signed balls and jerseys to the lucky lottery winners.

Here’s how you can participate:
The new raffle will start on July 13 and run until July 19. During this period, when you top up any StormGain crypto wallet, you will get a lottery ticket for every 100 USDT loaded into the wallet. The larger the amount deposited, the more tickets you get. For example, 500 USDT will get you 5 tickets, and 1,000 USDT will award 10 tickets. So if you’re in it to win it, top up with higher amounts to get a better chance of winning a ball and jersey autographed by Newcastle United players.
Note: With the introduction of multi-crypto trades, you can top up any of your 6 StormGain crypto wallets directly, but the tickets will be awarded for the USDT price equivalent.

The seven winners will be randomly determined on July 21 and announced in a special email. Any ticket holders should check all their messages from StormGain so as to not miss anything.

At StormGain, we’ve always enjoyed the thrill of crypto trading and football fandom together, so we’re excited to offer this extra bit of fun for active traders. Top up your account and play to win your ball and t-shirt autographed by the top lads playing for Newcastle United!

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #60 on: July 20, 2020, 11:15:49 AM »

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #61 on: July 27, 2020, 08:36:47 AM »
Popular cryptocurrencies are climbing to the top, bitcoin is above $10,000
The most popular cryptocurrencies are booming on Monday, while investors assess the measures proposed by the world's leading countries to support their economies. According to the cryptocurrency trading platform StormGain, Ethereum shows the best dynamics, jumping in price by almost 20%, the rest of the instruments added in price within 7%, and bitcoin crossed the psychological level of 10 thousand dollars.
Meanwhile, the number of market participants are still worried because of coronavirus because the number of infected is constantly growing, and it is possible that quarantine measures will return in some countries.
Despite this, the most popular cryptocurrencies have a chance to continue their rise in the near future. In this case, Bitcoin can grow up to $10,400, Bitcoin Cash up to $255, Ethereum up to $330, XRP up to $0.22, Litecoin up to $50.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #62 on: July 27, 2020, 05:09:48 PM »
As crypto rides the market recovery, analysts remain optimistic for BTC in Q3

After a short dip below $9,000 on Sunday, Bitcoin (BTC) is back on the rise, trading at $9,251 at the time of writing. Other crypto coins, including Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH), are also up. This mirrors the general trend in the global stock markets, with some analysts pointing out Bitcoin’s correlation with equity prices.

“Equity markets are up across the board, and so you see a spike in Bitcoin’s price,” said Michael Rabkin, head of institutional sales at Chicago crypto trading firm DV Chain. It seems a rising tide really does lift all boats, with major stock indices outperforming Bitcoin over the last month. Asia’s Nikkei 225 index, Europe’s FTSE 100 and the US S&P 500 index have all closed in the green. Fresh news of economic stimulus measures and hopes pinned on the antiviral drug remedesivir from the US-based pharma company Gilead all contributed to optimism amongst markets rocked by the pandemic.

US stimulus package could boost BTC
Given the positive correlation of BTC with equities, crypto traders should hope for strong stimulus measures from the US Federal Reserve. According to analysts at J.P. Morgan: “If the additional stimulus is not delivered, then the money market curve inversion could worsen, eventually becoming a more problematic signal for equity and risky markets going forward.” But the Fed has already expanded its balance sheet by over $3 trillion in the past few months and will likely respond to market calls for more stimulus.

BTC closes a record-breaking second quarter
Even if Bitcoin is quiet this month in terms of price action, the oldest cryptocurrency kicked off July by hitting record highs on a variety of metrics. They include new addresses, active addresses, hourly transaction count and hourly spent outputs.

Bitcoin hasn’t seen this number of new or active addresses since the heady days of the 2017 bull run. Bitcoin’s seven-day average hash rate also reached a new peak of 123.4 EH/s on Wednesday, an indicator that even more computing power than ever before has been dedicated to mining BTC.

Skew analytics declared that “Bitcoin is having today its third-best quarterly close in its young history.” BTC’s current quarter-to-date return is 42.39%, with a 2020 YTD return of 27.31%.

A recent survey conducted by crypto custodian Bitcoin IRA seems to further indicate a bullish sentiment among investors. Of the platform’s surveyed clients, 43% expect Bitcoin’s price to top $15,000 by the end of 2020, while 57% confirmed that they use cryptocurrency as a long-term investment.

Get the most from your BTC with StormGain
To profit from the rise of Bitcoin and other cryptocurrencies, you’ll need to use a crypto trading platform that works for you. StormGain is the current leader of the pack. It lets users easily buy crypto with their bank card and trade cryptocurrency pairs with up to 200x leverage on top of offering the best rewards for trading and managing crypto assets.

StormGain is available on the web or as a user-friendly smartphone app. It offers free SWAPs for daily trades and built-in secure crypto wallets for the 6 most popular cryptocurrencies. On top of that, the platform also provides trading signals to keep up with today’s fast-moving international market. If you’re ready to profit from the exciting future of the cryptocurrency market, register with StormGain to start trading now!

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #63 on: July 29, 2020, 10:12:00 AM »
Popular cryptocurrencies continue to rush upward, led by bitcoin

The most popular cryptocurrencies continue to rise in value on Wednesday. According to the StormGain cryptocurrency trading platform, Bitcoin and Litecoin are the growth leaders.
At the same time, the pace of the rise in digital currencies has slowed somewhat after Bitcoin soared above the psychological $11,000 mark a few days ago.
The market continues to be supported by somewhat depressed sentiment in the global financial markets, where the risks of the spread of the coronavirus contribute to the fact that investors are turning their attention to alternative assets. Another factor in the growth of cryptocurrency rates is the weak dollar.
Popular digital currencies may continue to go up shortly, but the rise is unlikely to be very active. Bitcoin has a chance to rise above the $11,000 mark again, Ethereum to grow to $322, Bitcoin Cash to $292, XRP to $0.25, and Litecoin to $58

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #64 on: July 31, 2020, 11:03:14 AM »
Popular cryptocurrencies move in different directions because of controversial news

The most popular cryptocurrencies have multidirectional dynamics amid mixed news signals on Friday. According to the StormGain cryptocurrency trading platform, Ethereum and XRP look better than the rest, while Bitcoin is showing negative movement, although it still holds above the psychological mark of 11k dollars.
A positive signal for the market was the fact that the Iranian government allowed miners to mine cryptocurrencies, but the country's authorities prohibited them from using subsidized money.
Also, the Chinese authorities arrested members of the pyramid, which had previously collected $ 5.7 billion in bitcoin from its members.
The most popular cryptocurrencies are likely to return to growth in the near term, although it will probably not be very active. Bitcoin can be expected to grow to $11,150, Bitcoin Cash to $290, Ethereum to $335, XRP to $0.25, and Litecoin to $58.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #65 on: August 04, 2020, 10:38:43 AM »
Popular cryptocurrencies fluctuate but have a chance of a return to growth

The most popular cryptocurrencies do not show a uniform dynamics on Tuesday after they earlier temporarily returned to growth amid investor optimism about the prospects for the recovery of the economy hit by the coronavirus pandemic. According to the StormGain cryptocurrency trading platform, Ethereum looks better than the rest, while quotes of other digital assets are in negative territory.
At the same time, corporate news keeps them from falling significantly. In particular, the Swiss bank Basler Kantonalbank will start working with cryptocurrency from 2021 when it will give its customers the opportunity to store digital currencies and trade them through a structure under its control.
In addition, Ripple's Q2 reporting was rather positively assessed by investors. In three months, it increased sales of XRP cryptocurrency to institutional investors to $ 32.55 million against $ 1.75 million in the first quarter. But average daily XRP trading volumes on crypto exchanges have dropped markedly, to less than $ 200 million in Q2.
Probably, the most popular cryptocurrencies will continue to fluctuate in the near future, but with a general improvement in sentiment in the financial markets, it is possible that prices will return to growth. In this scenario, Bitcoin could rise to $11,400, Bitcoin Cash to $297, Ethereum to $395, XRP to $0.32, and Litecoin to $60.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #66 on: August 05, 2020, 03:58:10 PM »
Gaming giant Twitch brings back crypto payments, sweetens the deal with a 10% discount
Twitch, the live-streaming service popular with gamers, is now offering a 10% discount on subscriptions — for customers who register with cryptocurrency. Twitch users who pay in bitcoin or other cryptocurrencies for their subscription fees go through the Bitpay payment processor. Twitch’s 10% offer represents the biggest cryptocurrency based promotion of its kind for a company of this size.

Twitch is an online platform for live streaming. Since its launch in 2011, Twitch became the most popular service for live-streaming games, growing to surpass YouTube gaming and leaving would-be competitors from Facebook and other tech companies in the dust. Twitch was bought by Amazon for 970 million USD (with stock options probably pushing the deal over 1 billion) back in 2014.  At the time of writing, Twitch has over 27,000 partner channels, 15 million daily active users, and 2.2 million broadcasters monthly.

Twitch’s cryptocurrency payments are facilitated by Bitpay, an Atlanta-based crypto payment processing company. to accept payments. Bitpay handles payments in bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC) ripple (XRP), as well as four stablecoins that are pegged to USD (GUSD, USDC, PAX, and BUSD). Users paying in cryptocurrency will enjoy all the benefits of being a Twitch subscriber — exclusive access to emotes, badges, and access to exclusive chatrooms and personalized benefits offered by their favorite streamers — at a 10% discount. Bill Zielke, Bitpay’s chief marketing officer, noted that “Twitch is the first major merchant to jump on this trend” while highlighting that other operators in the gaming world are also crypto-friendly.

It’s worth noting that this isn’t the first time that Twitch has offered crypto payment options. Previously, Twitch customers could pay in bitcoin or bitcoin cash (also via Bitpay), but this ability was withdrawn in March 2019, possibly due to regulatory issues or a reaction to bitcoin’s price fluctuations. But bitcoin is back with even more options in tow for Twitch subscribers, and the extra discount shows that Twitch, and possibly by extension Amazon, is doubling down on support for crypto.

Crypto and gaming — a match made in heaven?
Crypto and gaming have a lot in common. Both are championed by the young and tech-savvy, and both are about empowering people — crypto in the economic world, gaming in the sphere of entertainment. Online gaming connects people from all over the world, and cryptocurrency provides opportunities for gamers around the globe to support their fandoms without restrictions and fees. It’s no surprise that many blockchain enthusiasts are also gamers, and cryptocurrency can be spent on several gaming services.

There are even games emerging with the blockchain built into their DNA. Somnium Space, for example, is a blockchain-based virtual reality world in which users can buy land and trade crypto and items. Or take CryptoKitties, the Ethereum-based cat trading game. The virtual economies and gamified incentives of video games can prove fertile ground for testing cryptocurrency use cases.

Trade crypto to win with StormGain

StormGain has always understood how the strategy and excitement of trading on the cryptocurrency market compare to the thrill of the game. As the proud sponsors of Newcastle United FC, we know that the emotional payoff on the pitch applies just as much when following your favorite esports champions or streamers. That gaming giant Twitch has brought back crypto and is encouraging customers to use it can only mean good things for the crypto world.

To profit from the rising popularity of cryptocurrencies, you will need to use a crypto trading platform that works for you. StormGain is currently the best in the game, enabling clients to easily buy crypto with their bank card and trade cryptocurrency pairs with up to 200x leverage in addition to offering the best rewards for trading and managing crypto assets.

Available on the web or as a user-friendly smartphone app, StormGain offers fee SWAPs for daily trades, built-in secure crypto wallets for the 6 most popular cryptocurrencies, detailed trading tutorials, and 24/7 signals to keep up with today’s fast-moving international market. If you’re ready to get into the crypto game, then register with StormGain to start trading now!

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #66 on: August 05, 2020, 03:58:10 PM »


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Re: Newcastle United Goes to Crypto with StormGain
« Reply #67 on: August 05, 2020, 04:03:31 PM »
StormGain concludes sponsorship with NUFC: ‘‘proud to have played with the stars’’
StormGain bids a fond farewell to our friends at Newcastle United Football Club as our sponsorship of the Magpies comes to an end. As passionate sports fans who wanted to become champions of the crypto trading world, the emotional highs, strategic thinking, and drive to win that comes with trading crypto made football a natural fit for us. That's why StormGain became the official sleeve partner of Newcastle United, a top-class team in the English Premier League with world-class players.

Throughout all the exciting ups and downs of playing the market and cheering on the lads on the pitch, StormGain is proud to have played with the stars at NUFC and to have shared our values and our love of sports with our community. As we celebrate the conclusion of a successful partnership, here's what we've achieved for our clients and supporters so far:

During our year-long partnership with Newcastle United, StormGain gifted over 200 general match day tickets to fans, as well as more than 100 hospitality box tickets to our luckiest followers.

Also, we gave fans 15 signed jerseys and 10 signed balls bearing the names of the top NUFC players. On 30 November 2019, 6 lucky StormGain clients got VIP tickets for the NUFC-Manchester City match along with a stadium tour, signed balls, and all-inclusive transport and accommodation costs.

Always at the forefront of technological innovation, StormGain even took Newcastle United into the world of virtual reality. Our VR events gave fans the chance to virtually step into the shoes of the Magpies and practice their football skills before the game.

We recorded and published 3 episodes of Answer Time, in which Sky Sports News’ Keith Downie interviewed top NUFC players to get their candid thoughts on the beautiful game and the exciting potential of cryptocurrency.

It’s been a pleasure to share with our clients the best of the crypto trading and football fandom worlds through this partnership. Although our sponsorship with Newcastle United is concluding, we wish the whole team all the success in the world and the best of luck in the league. But that doesn’t mean that we don’t have even more exciting plans in the pipeline. Stay tuned and watch this space for news about our upcoming project and all the latest benefits from the world’s best crypto trading platform.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #68 on: August 06, 2020, 02:18:34 PM »
Popular cryptocurrencies are again controversial but gravitate towards growth

The most popular cryptocurrencies still look ambiguous on Thursday, but still, an upward trend prevails for most instruments. According to the cryptocurrency trading platform StormGain, only XRP quotes are in the negative area.
The market was supported by an analysis conducted by experts from the investment giant JPMorgan, which showed an increase in demand for bitcoin on the part of young investors. At the same time, older investors, according to the research, are more conservative and rather prefer traditional instruments.
Another good news was the announcement by Ripple, which announced its intention to continue investing in a company that creates software for the XRP Ledger. XRPL Labs will use the funds raised from Ripple to support the continued growth and development of the XRP-based Xumm wallet.
The negative for the market was the estimated damage from the 51% attack on the Ethereum Classic network, which, according to experts, amounted to approximately $5.6 million.
In the near future, the most popular cryptocurrencies will probably be able to demonstrate the positive dynamics of quotations with a united front. Bitcoin has a chance to rise to $11,800, Bitcoin Cash to $290, Ethereum to $397, XRP to $0.3, and Litecoin to $60.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #69 on: August 10, 2020, 09:28:43 AM »
Popular cryptocurrencies are in demand due to interest in alternative investment instruments

The most popular cryptocurrencies are growing smoothly on Monday, but according to the StormGain cryptocurrency trading platform, the growth rate does not exceed 1-2% for individual instruments.
At the same time, bitcoin looks better than other assets, which is holding above the psychological mark of 12 thousand dollars - a level that it could not hold last week. Bitcoin capitalization is more than $ 200 billion, this level was previously achieved only at the beginning of the year before last.
In general, the market began to perceive bitcoin as a kind of protective asset, equivalent to gold, therefore, in a difficult situation in the global financial markets, investors begin to invest in this digital currency.
The market is held back from more significant growth by the news that cryptocurrency exchange Coinbase has increased the confirmation time for Ethereum Classic deposits to two weeks, and it has already been heavily criticized among market participants for these strict security measures.
Probably, in the near future, the most popular cryptocurrencies will continue to show moderate growth due to the interest of investors in alternative investment instruments. Bitcoin has a chance to rise in price up to $12,200, Bitcoin Cash - up to $310, Ethereum - up to $410, XRP - up to $0.3, and Litecoin - up to $60.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #70 on: August 12, 2020, 02:44:54 PM »
Popular cryptocurrencies look uncertain due to the difficult situation in the financial markets

The most popular cryptocurrencies are going down quite actively on Wednesday, which is associated with a rather nervous situation in the global financial markets. According to the StormGain cryptocurrency trading platform, the fall rates for individual instruments reach 8%.
At the same time, a number of positive news appeared on the market, which, however, were ignored by investors. In particular, the New York State Financial Services Authority has compiled and published a list of cryptocurrencies that licensed companies are allowed to work with. This list includes, among others, Bitcoin, Ethereum, Bitcoin Cash and several others.
Another good piece of news would be that in South Korea, beachgoers in Busan can now pay with Ethereum at all shops along the waterfront.
Despite the positive news, it is likely that the most popular digital currencies will continue to look uncertain in the near future. In this scenario, Bitcoin can fall in price to $11,200, Ethereum to $370, Bitcoin Cash to $275, XRP to $0.27, and Litecoin to $52.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #71 on: August 18, 2020, 09:36:52 AM »
The most popular cryptocurrencies are actively growing in value on Tuesday.
According to the StormGain cryptocurrency trading platform, only Ethereum quotes were in the negative area, while growth of up to 8% is recorded for other instruments. And the main cryptocurrency - Bitcoin - has renewed its maximum since 2019, rising above the psychological mark of $ 12,000.
The positive dynamics in the market is observed after the US Department of Justice seized a record amount - more than $ 1 million - in Bitcoin and Ethereum and blocked the websites of extremist organizations, stopping funding for the operations of Al-Qaeda and the Hamas group.
Another important news for the market was the fact that the developers presented a fix for a bug that caused a large-scale failure in the Ethereum 2.0 testnet.
And the cryptocurrency investment company Grayscale Investment is going to soon begin public circulation of shares of its trusts based on the Bitcoin Cash and Litecoin cryptocurrencies.
It is possible that a significant rise in quotations of the most popular cryptocurrencies will continue to be observed - at least in the coming days. In such a positive scenario, Bitcoin may approach the $12,500 mark, Ethereum - to the $435 level, Bitcoin Cash - to $323, XRP - to grow to $0.32, and Litecoin - to $63.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #72 on: August 20, 2020, 09:48:17 AM »
Popular cryptocurrencies are slowing growing up as part of the overdue correction in the market

The most popular cryptocurrencies are growing upward, as there is a need for corrective growth in the market after the fall of several previous days. According to the StormGain cryptocurrency trading platform, the rate of positive dynamics for individual instruments reaches 1-2%, but at the same time, Bitcoin is still below the psychological mark of $12,000.
This trend is observed because of reports that the number of bitcoins on exchanges has decreased to a minimum since the fall of 2018. According to experts, 2.61 million bitcoins are now stored on exchanges, which is the lowest indicator in the last two years.

The results of a study that showed that scammers on YouTube stole 1.5 million XRP from users, which is about 454 thousand dollars, became unfavorable news for investors.

In addition, the co-founder of Ethereum Vitalik Buterin said that he did not invest the money received from the sale of his part of the tokens in bitcoin, but invested it in fiat currencies.

The most popular cryptocurrencies will probably continue to grow in the short term as part of the correction, but these rates will be quite moderate. Bitcoin is likely to stay below the $12,000 mark, Ethereum is unlikely to go far from the $400 level, Bitcoin Cash from $290, XRP even risks dropping to $0.28, and Litecoin - to $60.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #73 on: August 24, 2020, 11:59:14 AM »
Warren Buffet's latest investment could be great news for Bitcoin's price
Superstar investor Warren Buffett's latest investment has the crypto community excited, especially when it comes to Bitcoin. Berkshire Hathaway, a $503 billion conglomerate led by Warren Buffet, sold shares in Goldman Sachs and other banks for a position in Canadian gold mining company Barrick Gold. This apparent ditching of financial stocks for precious metals could have dramatic knock-on effects for the cryptocurrency sector.

The quarterly shareholder filing of Berkshire Hathaway shows Buffett backing out of big banks. The firm completely closed its position on Goldman Sachs following the bank's second-highest-ever quarterly trading revenue of $13.3 billion. Besides, Berkshire sold many of its shares in JPMorgan Chase, Wells Fargo, and PNG. This suggests that Buffett is not comfortable betting big on the banks in the long-term, possibly anticipating an increase in loan defaults caused by the economic downturn in the wake of the COVID-19 pandemic.

Warren Buffet's reputation is such that where he goes, others inevitably follow. The finance titan's investment in the second-largest gold producer has boosted predictions that gold will soon appreciate, and in turn, 'digital gold' — namely, Bitcoin — will also gain in value.

Keiser: Buffet gold play could boost Bitcoin to $50K
Heisenberg Capital founder and cryptocurrency guru Max Keiser notes that Bitcoin could reach $50,000 if it correlates with gold's future market cap. Buffet's move is expected to boost the global allocation of the shiny metal to 5% minimum, putting its price at $5,000. Because Bitcoin is considered to be digital gold, Keiser predicts BTC global allocation to be at least 1%, raising the cap to $1 trillion. "This implies $50,000 for Bitcoin Expect PTJ ups to 10%," Keiser said on Twitter.

Buffett did not actually buy gold, investing instead in a mining company whose stock correlates with the precious metal's value. But that doesn't mean that Buffet, or rather, his company, won't invest directly in BTC as well.

Buffet changes his tune on gold, BTC could be next
Ikigai Fund founder Travis Kling called out Buffett for not believing in gold in the past, suggesting that the famous investor, who has previously been a cryptocurrency sceptic, will also change his tune when it comes to Bitcoin. In a Twitter post, Kling pointed out that the attraction of gold for even famous aurophobe Warren Buffet was evident, and that Bitcoin would be the next logical step for those looking to hedge against economic instability. "Just in case you're wondering what the coming years are going to look like for Bitcoin, this was Buffett on gold in 1998," Kling said.

Kling was referencing Buffet's statements in 1998 when the billionaire said that the price of gold was based on nothing more than the market's willingness to protect its value. More recently, Buffet turned up his nose at gold, which he called an unproductive asset. "Gold will never produce anything but are purchased in the buyer's hope that someone else will pay more than them in the future," Buffet said in his 2011 shareholder letter.

Buffett has sneered at cryptocurrencies before. Notably, he said that Bitcoin is "probably rat poison squared." But co-founder and partner at hedge fund Morgan Creek Digital, Jason Williams, predicted that Buffet would end up buying Bitcoin soon, even if he doesn't personally make the call. "It's the young managers and analysts (at Berkshire Hathaway) that push the gold trade and BTC trade.  He won't even know it when it happens."

The correlation between Bitcoin and gold
BTC has shown some correlation with the classic precious metal, especially in 2020. Bitcoin has outperformed gold since April, but the overall price trend between gold and BTC has shown some long-term correlation, with the two assets increasing in tandem throughout the past four months.


The simultaneous rally of Bitcoin and gold since the global market crash in late March hints that more investors, including big mainstream firms, are starting to consider BTC as a store of value and to invest in crypto as a safe-haven asset.

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Re: Newcastle United Goes to Crypto with StormGain
« Reply #74 on: August 26, 2020, 12:01:48 PM »
The most popular cryptocurrencies drop quite significantly in price on Wednesday.
According to the StormGain cryptocurrency trading platform, Litecoin demonstrates the worst dynamics, with quotes losing about 6%.
The market decline is observed mainly after a clearly fraudulent advertisement was posted on YouTube on behalf of the head of SpaceX Elon Musk, in which he offers to send him bitcoins and get back an amount several times larger.
At the same time, the market is discussing a message about the plans of the Iranian authorities to test the digital yuan during the Winter Olympics in Beijing in 2022. But so far, the Chinese authorities do not yet have a clear timetable for the release and implementation of this digital currency.
An important event was the acquisition by the Ethereum incubator ConsenSys of the Quorum blockchain platform from the American investment giant JPMorgan Chase & Co. And cryptocurrency exchange Coincheck, which was previously hacked by hackers, is planning to hold Japan's first initial public offering (IEO).
The negative for the market, meanwhile, was the news that the management of Ripple has sent 10 million XRP to the Luxembourg exchange Bitstamp. In Australia, representatives of the Ripple company were summoned to court over accusations of using the already registered trademark PauID.
The most popular cryptocurrencies are likely to continue their decline in the near future amid a predominantly unfavourable news background. In this case, Bitcoin can drop in price to $11,200, Ethereum to $380, Bitcoin Cash to $270, XRP to $0.27, and Litecoin to $57.

 

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