|Episode Title:||Bitcoin Death Cross Looms Over The Market? Apple Says No To Cryptocurrency - Digital USD "Inevitable" Says Fed!||Episode number: XXX||Date: 10/04/19||Live Unedited Show Time Stamp||Post Live Show Time Stamps||EST. Segment Length|
|TEASE 👇||Episode Page:||https://crackingcryptocurrency.com/bitcoin-death-cross-looms-over-the-market-apple-says-no-to-cryptocurrency-digital-usd-inevitable-says-fed/|
|JW||Altcoins continue in their bullish ascent, pushing past resistance and saying Bear Market? Not on this exchange! Meanwhile Bitcoin continues to limp along, looking somewhat like a baby horse learning how to walk. Apple CEO Tim Cook gives a strong no on questions about Cryptocurrency - a death cross looms over Bitcoin, should you be frightened or excited? Meanwhile, the Federal Reserve says that digital dollars are inevitable. Learn what this means for you in today's exciting episode of Breaking Bitcoin.||0:03:34||0:00:00||10-15m|
|JW||Welcome to Breaking Bitcoin, recorded live Friday, October 4th, 2019. Your daily source for market updates, sentiment, and news for traders.|
I am your host Justin Wise, Lead Analyst & Senior Mentor at CrackingCryptocurrency.com - Hope you're all doing well!
Shout out to everyone watching from across Youtube - Twitch - DLive - Facebook Live - and of course on Roku at the Investor News Channel app.
If you want to support the show make sure to subscribe, follow, share, and engage in the live chat. And hit that thumbs up button!
|JW||"This episode of Breaking Bitcoin is brought to you by… US! |
If you are an aspiring trader or an experienced trader looking to sharpen your skills, and you want to work with a team with a proven track record who deal in the realm of probability, statistics, and verifiable edge, head over to premium dot crackingcryptocurrency dot com to see what the Premium Trading Group can do for you. Exclusive Setups and Trade Signals, the Pathways to Profit Strategy Building Course, Proprietary Indicators, Spreadsheets, and Tools as well as educational material and database library. Come join the fastest growing community of traders and investors, at premium dot cracking cryptocurrency dot com."
|ask for 5 stars ratings on itunes and other podcatchers please|
It's Not Just the Tools, It's The Rules!
|Mention Premium Trading Group Updates -|
|We're heading to blockchain week! Are you interested in a IRL crypto meetup with your favorite youtube crypto trader Justin? Shoot, the whack-a-noodle master behind the production Mr Scottie Too Hottie himself will also be attending! And don't forget our master of coding disaster Mr Ben also coming along! Come on out and meet up and chat some crypto shop, and grab a pint of favorite brew. We plan to be recording some stuff, and possibly live streaming for fun! Join us! SF/Berkely area, from Oct 28th to Nov 2nd! Be there! Or be.... Not crypto cool? BE THERE! lol|
|Question of The Day|
|--Mention yesterday's comment winner:||Randel Crotts|
|JW||Question of The Day||What Crypto 101's do you want to see first?!
|--Tip random commenter from yesterday’s show.||Sainsy||0:06:20||0:02:46|
|Bitcoin Analysis and Trading||0:09:26||0:05:52|
|Looming Death Cross Spells Doom for Bitcoin?|
|Twitter Analyst @cryptowelson has pointed our attention to a potential significant death cross coming up on Bitcoin. Yes guys, another death cross theory. So let's talk about Daily Death Crosses.||0:22:22||0:18:48|
|Ethereum Analysis and Strategy||0:37:04||0:33:30|
|Litecoin Analysis and Strategy||0:39:35||0:36:01|
|EOS Analysis and Strategy|
|BNB Analysis and Strategy||0:43:25||0:39:51|
|XRP Analysis and Strategy||0:42:23||0:38:49|
|Alt Market Analysis||0:44:30||0:40:56|
|As traders, selecting our exchange is one of the most important decisions we will make. I'm often asked as a profesisonal, what are the most important metrics when making this decision. My answer is always the same. The three major boxes that any exchange that I am considering must check are|
2. Ease of Use
3. Customer Service
The exchange that checks all of these boxes, that I use for trading Bitcoin Futures, is Bybit.
Their platform is intuitive and simple to use, yet also has advanced order features for seasoned traders. Their Customer Service live chat is in the corner of their main page, and on-demand support is a click away.
I've absolutely loved using this platform, and very much prefer it over the alternatives in this space.
If you would like to check out ByBit, you can visit bybit.crackingcryptocurreny.com and receive up to $60 from ByBit just to test their platform.
Again, that's bybit.crackingcryptocurrency.com
|By the way, we can offer you guys the deposit bonus for your until the end of september! If you deposit 0.1 BTC ByBit will offer a $60 trading bonus, if you deposit 0.2 BTC ByBit can offer $110 trading bonus. Bonus will be credited within 72 hours (we will try to arrange the same day, but sometimes like due to weekends support team will need more time to process)|
Only net deposit counts and only one bonus per account (meaning that smth like withdrawal and then re-deposit won't be eligible). https://ByBit.CrackingCryptocurrency.com
|Traditional Markets / Forex|
|JW||You can watch or listen to this discussion and more on Breaking Bitcoin, episode number ### at CrackingCryptocurrency.com. And remember to subscribe to our podcasts. Thanks for listening. We'll see you next time.|
|Indices - E Minis||0:45:34||0:42:00|
|Metals - Commodities - Oil|
|12:55||Looking for your charting platform? Look no further! Trading View is amazing!|
Follow us on Trading View and check out our Indicators:
|1:00 PM||When We Return: Topics & Requests||Mentions:|
-Like, Subscribe, Follow, Share, and engage!
|1:00 PM||Links||Back from break!||1:05:51||1:02:17|
|News/Overall Sentiments/Chat Engagement|
|1:05 AM||Links||Back To The Show||20-30m|
|Apple's Tim Cook says no plans to go crypto||https://bitcoinist.com/money-must-remain-in-the-hands-of-states-apple-ceo-scotches-crypto-speculation/||Speaking to French financial newspaper, Les Echos, Apple CEO Tim Cook, quashed any speculation that the tech company may introduce it's own cryptocurrency. |
Asked directly if Apple plans to follow Facebook's lead and venture into the world of cryptocurrencies, Cook replied bluntly, “No. I deeply believe that money must remain in the hands of states.”
Cook went on to voice concern over the idea of private companies entering the currency space, saying;
"I am not comfortable with the idea that a private group creates a competing currency. A private company should not seek to gain power in this way. Money, like Defence, must remain in the hands of the nation State, it is at the heart of their mission. We elect our representatives to assume government responsibilities. Companies are not elected, and they do not have to tread this ground."
Cook was also asked about the companies plan to launch its supposedly-innovative Apple card in France. Building on the success of ApplePay, the company recently revealed their push into the US credit card market with the announcement of the Apple card, a credit card like product which tightly integrates into their Wallet app. While expanding into financial services with this type of innovation is part of the greater company plan, Cook clarified they have no intention of becoming any sort of banking insititution.
The Apple Card relies on local banking partners, in the case of the US domestic market, Goldman Sachs has been tapped. Cook indicated that a push into France would require a local retail bank which is ‘particularly agile’.
Cook opined "The world does not need a new credit card,” while simultaneously expressing the need to "rethink the credit card".
Apple for the most part, has been disapproving or disinterested in the crypto space, while they did add the ‘฿’ symbol to its character set and a recent CryptoKit tool set for developers was released, they haven't done much else, and users of the Apple Card or Apply Pay are not allowed to buy cryptocurrency with it.
|Honor among crypto thieves? Hacker returns ENS domains||https://www.cryptoglobe.com/latest/2019/10/hacker-who-grabbed-top-level-ethereum-domains-voluntarily-returns-them/||The Ethereum Naming Service (ENS) suffered a major blow when a hacker exploited a bug in the auction process and subsequently snagged top-shelf domains for himself such as Apple.eth, defi.eth, wallet.eth, pay.eth and close to a dozen more.|
Just days later, the story apparently has a happy ending, with digital collectibles marketplace OpenSea, who was managing the Ethereum domain auction, reported the hacker voluntarily returned custody of the domains to their platform.
Via a public plea on their twitter, OpenSea offered the attacker a reward of 25% of the final auction price, as well as the original bid, whcih apparently satisfied the thief.
The OpenSea marketplace was hosting Ethereum domain auction since September 1st, where “.eth” domains are being auctioned to the highest bidder.
These domains, unlike those working on the standard DNS domain, can’t be forcibly retrieved once allocated, as they’re on the Ethereum blockchain, so if not for the goodness of the hackers heart, the trasnfer of domain ownership could not have been otherwise undone.
|Philly Fed Chief calls central bank digital currencies "inevitable"||https://www.reuters.com/article/us-usa-fed-harker-digital/feds-harker-digital-central-bank-currency-inevitable-idUSKBN1WH1L4?il=0||Reuters is reporting on Philadelphia Federal Reserve bank president Patrick Harker comments made on digital currency adoption by central banks.|
Speaking in St.Louis, Harker called it “inevitable” while also warning that the United States should not be too early of an adopter of this technology.
“Frankly I don’t think we should be the first mover as a nation to do this... but [given our role as global reserve currency] it is inevitable ... I think it is better for us to start getting our hands around it now.”
The comments were made in response to a question about the Fed’s decision to develop its own real-time payments system.
Harker said with the so-called “FedNow” service in the works, “I am looking at the next five years after that. What comes next? I do think it is something around digital currency.”
The Fed and other central banks are debating both how to approach the rise of privately issued cryptocurrencies like Bitcoin, and examining how the underlying blockchain technology might change traditional central banking.
Harker acknowledged his views put him “in the minority” at the Fed right now, but he has comissioned his staff to begin research on the issue, and said he is organizing a small research conference for academics to be held early next year to discuss the topic.
While the general mood of Fed bankers is skeptical toward crypto currencies, concerning whether private and decentralized ones could ever behave enough like true currencies, enough to qualify for appropriate regulation, or for them to threaten traditional central banks ability to conduct monetary policy.
NY Fed Chair Jerome Powell said in June “We’re a long way from that,” describing the technology "in its infancy.”
Other Fed officials have been quoted as saying that the benefits of a central bank issued digital currency were “not obvious.”
The concern is now, that globally, other central banks and institutions, as well as private consotriums in the case of Libra, will embrace a sort of financial revolution on the back of technological innovation, with even the Bank for International Settlements having acknowledged the spread of central bank digital currencies as the coming trend in the economic system.
|For a professional trader, it is absolutely essential that I have full control over all of my positions. Platforms like Binance, Coinbase Pro, and Bittrex, although amazing in their own right, do lack essential features for any serious trader. Whether it's setting a take profit and stop loss simaltenously, trailing a stop loss, or automating Trading View alerts, to maximize our returns in the market and simplify our trading we need better tools. |
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Head on over to 3COMMAS.CRACKINGCRYPTOCURRENCY.COM to take advantage of this offer, that's 3COMMAS.CRACKINGCRYPTOCURRENCY.COM
|Ready Chart Requests|
|JW||Anything from yesterday you'd like to talk on today|
|Explain a Trailing Stop|
|Repainting - explain.|
|Show how to set up ByBit w/ VPN.|