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📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🛒 Sign Up To Kraken 👉 https://guy.coinbureau.com/r/kraken
👕 Check Out My Merch 👉 https://store.coinbureau.com
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/
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- TIMESTAMPS -
0:00 Intro
1:44 Who is Kraken
4:21 Kraken’s Security
8:16 Supported Cryptos
9:17 KYC At Kraken
12:00 How To Deposit Fiat?
15:19 How To Deposit Crypto?
16:05 Trading Fees
18:29 How To Trade?
21:58 Other Features
23:36 Final Thoughts
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📺 Recommended Vids 📺
► FTX.com beginners guide: https://www.youtube.com/watch?v=ywJdQ...
► FTX US my complete walkthrough: https://www.youtube.com/watch?v=mFTZF...
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Kraken funding: https://www.bloomberg.com/news/articl...
► Kraken licenses: https://support.kraken.com/hc/en-us/a...
► Supported cryptos: https://support.kraken.com/hc/en-us/a...
► KYC: https://support.kraken.com/hc/en-us/a...
► Fees: https://www.kraken.com/en-us/features...
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❓ Who is Kraken ❓
Kraken opened its doors just two years after Bitcoin was unleashed upon the world in 2009 and is located in sunny San Francisco. They have also raised numerous rounds of funding and had talks earlier this year which valued the exchange at $10 billion.
CEO Jesse Powell has also revealed that the exchange could be listed on the stock market in just over a year's time too.
In terms of licenses, Kraken holds a plethora of those in highly regulated jurisdictions like the US, UK, Japan and Australia. So yep, all that makes Kraken the type of exchange you use when you value compliance.
🔒 Kraken’s Security 🔒
The exchange boasts that it has industry-leading security. But what is backing up that bold claim?
Well, 95% of user funds are kept in cold storage. All sensitive account information is also encrypted with a ton of controls placed on access. All that is to ensure that those don’t get into the wrong hands.
Kraken’s servers are also placed in secure cages which are also monitored by armed guards! There are a plethora of other security precautions taken at Kraken and that’s led to Kraken being portrayed as enforcing their employees in a way similar to intelligence agents.
🤑 Supported Cryptos 🤑
When it comes to asset support, Kraken has over 80 different crypto’s available to trade. That includes pretty much every major crypto, alongside a host of more exotic plays.
In terms of supported countries, all nations on the usual naughty list are blocked, as well as the US states of Washington and New York.
🕴️ KYC At Kraken 🕴️
Alright, so Kraken requires KYC for all customer accounts. That’s not surprising, seeing as it is a fully regulated exchange. However, there are four different KYC levels at Kraken which unlock different features. So, you’ll want to watch my vid for more info on those.
💶 How To Deposit Fiat? 💶
Some deposit methods are insanely expensive. However, Kraken does have a few free deposit methods tucked away. Watch my video for more details on those.
₿ How To Deposit Crypto? ₿
Honestly, depositing crypto on Kraken is quite straight-forward. I show you all the steps on how to do that in my vid.
📈 Trading Fees 📈
Alright, so using Kraken’s ‘Buy Crypto’ feature is going to cost you an arm and a leg. You’ll pay up to 1.5% in fees over there. However, KrakenPro does offer more reasonable fee levels starting out at 0.16% in maker fees and 0.26% in taker fees. Yes, if you are a big crypto trader, then you’ll be able to take advantage of lower fees.
But be aware that there are other exchanges that offer significantly lower trading fees than Kraken.
📊 How To Trade? 📊
I do a complete walkthrough on this in my vid. So, be sure to check that out!
🤷♂️ Other Features 🤷♂️
Yes, Kraken offers margin and futures trading. However, I would recommend staying well away from all that. On the exchange, you can also stake your coins to earn crypto interest. Some of the interest rates on Kraken are pretty tasty
Also, Kraken offers you access to Parachain auctions. This gives you the opportunity to secure yourself some tokens when the project is still in its infancy. So, that could be of interest to you.
Also, Kraken’s educational hub is very useful too. Be sure to check that out.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Kraken #Bitcoin #Exchange #Review #crypto #cryptocurrency-
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Francisco Gimeno - BC Analyst Coinbureau guy is a refreshing image in the crypto blogosphere. We have never seen him advising this or that, buy this, sell that... He tends to simple, practical, down to earth explanations which really help not just the newbie but even those who already have travelled the crypto path. Listening to him explaining Kraken has been fun.
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America is reeling from a failed war in Afghanistan, political polarisation and increasing social division. Could the superpower be in decline?
00:00 - America’s rising instability
00:45 - Is America in decline?
03:21 - America’s foreign policy failures
05:23 - Is this the end of American intervention?
07:02 - America’s domestic decline: what can be done?
09:09 - Will the infrastructure bill help?
10:40 - Is declinism inevitable?
Did America waste its unipolar moment?: https://econ.st/3Aj6BeP
Read more about declinism in America: https://econ.st/3CjyeVW
Find The Economist’s most recent coverage on the United States: https://econ.st/3nh36Sw
Sign up to The Economist’s daily newsletter to keep up to date with our latest stories: https://econ.st/3gJBH8D
How America is reducing child poverty: https://econ.st/3AhPDh0
Abortion rights in Texas: https://econ.st/3luc5x5-
Francisco Gimeno - BC Analyst Following other historical examples we could truly say USA is on the way other empires were, in an exit stage. But this doesn´t happen suddenly, and USA has lot of strength yet, as it is founded in democratic principles, beyond the simplistic idea of a globalist Empire controlled by big companies. It continues to be source of thinkers, innovators, business and commerce and much more. Can you find that creativity and innovation in Europe?
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What would a world without banks look like? The answer may lie in decentralized finance.
Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. The transactions get executed automatically through smart contracts on the blockchain, which includes the agreement of the deal.
“Anyone can actually build businesses on top of these protocols and using them the same way as we can today build an internet business on top of the HTTP IP protocol,” said Stani Kulechov, founder of a DeFi protocol called Aave.
Decentralized finance has captured only 5% of the crypto space, according to CoinGecko, but it has seen massive growth recently. There was $93 billion worth of DeFi assets in the crypto market as of June 2021, up from $4 billion just three years ago. To be sure, DeFi’s growth has slowed since the summer of 2020, and regulatory scrutiny from Capitol Hill has spiked over fears of crypto’s checkered past.
1:17- Chapter 1: The ABCs of DeFI
3:16- Chapter 2: The DeFi boom
5:45- Chapter 3: Why people are excited about DeFi
7:31- Chapter 4: What’s next?
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Crypto’s Next Big Thing: Decentralized Finance Takes On Wall Street-
Francisco Gimeno - BC Analyst DeFi is difficult to understand for a novice, and even for many who are "playing" with its different financial platforms. Users find new vocabularies, ways of doing things, and volatility ir yet rife. But DeFi is also growing and consolidating as an adequate digital alternative to tradicional Banks and bank products. When DeFi is on Wall Street, like CNBC says, everybody starts to take it seriously.
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📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🛒 Binance 20% Fee Discount 👉 https://guy.coinbureau.com/binance/
👕 "Blockchain" Hoody 👉 https://store.coinbureau.com/product/...
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/
~~~~~
📺Essential Videos📺
Cryptocurrency Climate 👉 https://youtu.be/DidAwxWaDKI
Cryptocurrency For Beginners 👉 https://youtu.be/VYWc9dFqROI
Cryptocurrency Tax Tips 👉 https://youtu.be/EMNSwa_PkkA
Fastest Cryptocurrencies 👉 https://youtu.be/1jzpL27SOak
~~~~~
- TIMESTAMPS -
0:00 Intro
1:51 Cryptocurrency Consensus Explained
5:51 What Is Proof Of Work?
10:24 What Is Proof Of Stake?
13:42 PoW: Strengths & Weaknesses
16:32 PoS: Strengths & Weaknesses
21:05 Conclusion: Which Is Better?
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Proof of Work Explained: https://academy.binance.com/en/articl...
► Proof of Stake Explained: https://academy.binance.com/en/articl...
► In Favor of Proof of Work: https://www.danheld.com/blog/2019/1/5...
► In Favor of Proof of Stake: https://vitalik.ca/general/2020/11/06...
► Proof Of Work Cryptocurrencies: https://cryptoslate.com/cryptos/proof...
► Proof of Stake Cryptocurrencies: https://cryptoslate.com/cryptos/proof...
~~~~~
👨🏫Cryptocurrency Consensus Explained👨🏫
Consensus in cryptocurrency follows the same idea as consensus between people. The difference is it’s computers coming to a consensus AKA an agreement about whether a transaction is valid or not. Usually, the consensus threshold in cryptocurrency is more than half, or 51%
⛏What is Proof of Work?⛏
Any computer that wants to process transactions on a proof of work cryptocurrency blockchain like Bitcoin needs to solve a complex equation to earn the right to do so. This costs time and energy to do
If this sounds tedious and arbitrary, it’s because it is. This idea of work exists exclusively as a means of protecting a cryptocurrency from manipulation by the computers connected to its blockchain
💰What is Proof of Stake?💰
Instead of using large amounts of computing power and energy to solve an equation to process transactions, a cryptocurrency coin is staked i.e. locked on the blockchain to earn the right to do so
The length of time a cryptocurrency must be staked to process transactions can vary, as can the minimum amount of coins or tokens a computer must lock up as stake
Logically, the more cryptocurrency you stake, the more likely you are to process transactions and create a block
⛓PoW: Advantages and Disadvantages⛓
In theory, anyone can connect their computer to a proof of work cryptocurrency to process transactions and earn cryptocurrency as a reward for doing so
However, over the years companies have developed specialized computers called application specific integrated circuit machines or ASICs for short. This is gradually centralizing PoW cryptocurrencies
What’s worse is that when a new and improved ASIC is released, the older model usually ends up in a landfill, and this is one of the many environmental concerns about proof of work cryptocurrency mining
💱PoS: Advantages and Disadvantages💱
In theory, anyone can connect their computer to a proof of work cryptocurrency to process transactions and earn cryptocurrency as a reward for doing so
This is facilitated by the minimal hardware and energy requirements to participate in most proof of stake cryptocurrency blockchains
However, most proof of stake cryptocurrency blockchains have high thresholds when it comes to the minimum stake you need to put down to connect to it as an independent computer
Moreover, most proof of stake cryptocurrencies had something called a premine which is where a bunch of coins or tokens are minted in advance and distributed to the team and large investors
Consequently, most proof of stake cryptocurrencies are more centralized than Bitcoin and Ethereum since the average user is stuck delegating to a validator or staking pool belonging to the team and VCs
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.-
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Miami mayor Francis Suarez discusses the city's first-mover advantage and ambition in the race to become the world's next crypto capital with incentives to come to Miami for local and global talent, attracting Chinese miners in the great migration, synergies with Latin American banks, El Salvador, bitcoin volatility, U.S. dollar infrastructure, and crypto regulation.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Back in early May, a ransomware attack on Colonial Pipeline forced the company to pay the hackers US$5 million in cryptocurrencies. Earlier this month, the U.S. Department of Justice announced that the FBI had successfully recovered US$2.3 million of the ransom in Bitcoin.
Those who really understood Bitcoin — and blockchain technology’s digital trail of crumbs that led to the crypto’s recovery — were gobsmacked. What could those cybercriminals possibly have been thinking?
Pioneering blockchain lawyer Marta Belcher — general counsel at Protocol Labs and special counsel to the Electronic Frontier Foundation, a digital privacy rights advocacy group — , says many people still do not realize that Bitcoin is not anonymous — it is pseudonymous.
“You're having a public key recorded permanently on a ledger forever. And anyone can see that,” Belcher explained, in a video interview with Forkast.News. “The authorities can see that. In some ways, it's a shortcut for law enforcement.”
Instead of something very traceable by the government, Belcher says having a truly decentralized device for finance is essential to privacy and civil liberties.
“I like to think about this photo that I saw from the Hong Kong protests. There are these photos where there are these long lines at the subway stations because the protesters wanted to buy their train tickets using cash because they didn't want their electronic purchases to place them at the scene of the protest,” Belcher said. “That really underscores that a cashless society is a surveillance society and the importance of certain technologies that can enable anonymous transactions.”
Belcher told Forkast.News that this is how anonymity can enhance civil liberties, and also why privacy coins — fully private and anonymous — matter.-
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If you want to be happy and successful, you have to learn how to love yourself - your body and your mind. These simple habits for self love will help you define yourself in a way that you can accept and cherish.
Sources:
A Seven Step Prescription for Self-Love
https://www.psychologytoday.com/us/bl...
Self-Love
https://www.psychologytoday.com/us/bl...
Realistic Self-Love Habits You Can Start Practicing Right Now https://www.huffpost.com/entry/self-l...
Steps to Achieving Total Self-Love
https://www.healthline.com/health/13-...
Chief Editor: Tristan Reed
Voice Over: Troy W. Hudson
For Troy: www.youtube.com/TroyWHudson
Music from Bensound.com-
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The number of working-age people in China is shrinking. Could this threaten the country’s rise as an economic superpower? Read more here: https://econ.st/3dgzqz0
Find all of our coverage about China here: https://econ.st/3qpd7wz
Read our special report about Chinese youth: https://econ.st/2TXmwzd
Is China’s population shrinking? https://econ.st/3vTXxu2
Listen to an episode of “The Intelligence” podcast about China’s census: https://econ.st/3wSqrvK-
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Livestream shopping on social media is disrupting traditional e-commerce in China. At the heart of this online craze are the top influencers who sell millions of dollars worth of products every night. Presented By Fidelity.
#China #SystemShock #BloombergQuicktake
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Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.-
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What are the signs an introvert likes you? If an introvert girl or guy likes you, there will be a number of signals pointing to it. In fact, it may be so obvious that you need only recognize these simple signs.
Sources:
Signs an Introvert Likes You & Is Just Scared to Show You
https://www.elitedaily.com/p/5-signs-...
Subtle Signs an Introverts Is Interested in Dating You
https://introvertdear.com/news/dating...
Little Signs That an Introvert Really Care About You
https://introvertdear.com/news/introv...
Ways Introverts Show That They Love You
https://www.bustle.com/articles/10267...
Things to Expect When Dating an Introverts
https://www.powerofpositivity.com/15-...
Thanks to Tristan Reed (Senior Editor), Troy W. Hudson (VO), for helping to create this video!
For Troy: www.youtube.com/TroyWHudson
Music from Bensound.com-
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The artificial intelligence revolution is just getting started. But it is already transforming conflict. Militaries all the way from the superpowers to tiny states are seizing on autonomous weapons as essential to surviving the wars of the future. But this mounting arms-race dynamic could lead the world to dangerous places, with algorithms interacting so fast that they are beyond human control. Uncontrolled escalation, even wars that erupt without any human input at all.
DW maps out the future of autonomous warfare, based on conflicts we have already seen – and predictions from experts of what will come next.
For more on the role of technology in future wars, check out the extended version of this video – which includes a blow-by-blow scenario of a cyber attack against nuclear weapons command and control systems: https://youtu.be/TmlBkW6ANsQ
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Go to http://public.com/graham and use code GRAHAM and you’ll receive a free stock worth up to $70 once you open an account! Plus, Deposit $100 for a chance to get a completely FREE share of Tesla - Enjoy! Add me on Instagram: GPStephan
*This is not investment advice. Offer valid for U.S. residents 18+ and subject to account approval. See Public.com/disclosures/ - Graham or Public.com are NOT recommending you buy or sell Amazon. The security is just being used as an example. Please only invest in securities that are suitable and meet your risk tolerance. Stocks are NOT insured or guaranteed against market loss.
NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com
THE NEW PODCAST: https://www.youtube.com/channel/UCMSY...
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The Senate Banking Committee held a hearing for Ryan Nelson and Elizabeth Rosenberg, who have been nominated to financial crimes roles within the Treasury Department. CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De shares some key takeaways and the implications for crypto regulation under the Biden administration.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Site: https://www.coindesk.com-
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two-week lockdown has been imposed in Sydney to contain an outbreak of the highly contagious COVID-19 Delta variant.
The new restrictions affect more than five million people in and around the Australian city. At least 80 cases have been reported so far. Most have been linked to a limousine driver who was infected while taking an international flight crew to a quarantine hotel. The country remains largely unvaccinated.
New South Wales Premier Gladys Berejiklian said:
"A few days ago I said this was the scariest time that I felt since the pandemic started and that's proven to be the case. We should brace ourselves for more cases. We're finding that all household contacts, unfortunately, are getting the virus. Transmissibility is at least double what previous variants have been, so we do need to brace ourselves for potentially larger number of cases in the following days, and that is why it's so important we take action now."
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As rates of Covid cases spiral upward and new warnings resound, people in may parts of the world find themselves wondering if the summer respite we’d hoped for could come to an abrupt end. All thanks to a new and especially adaptable strain. First identified in India, it's known as the delta variant and is significantly more contagious than previously thought. After completely overwhelming the Indian health care system and causing mass suffering and death, the variant has spread to more than 80 countries. Vaccines should stop it from spreading, but it's a race against time. With many countries already returning to normalcy, reimposing rules could be hard. Corona mutations - How deadly is delta?
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#Coronavirus #Covid19 #DeltaVariant-
Francisco Gimeno - BC Analyst A virus with so many variants in such a short time is a proof of how small the world is now, where recombination can happen very fast even when orders are closed. Nobody, even scientists themselves, can foresee if this or other future variant is going to be worse or not until some time has happened. Let's expect the vaccines work for it.
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President Nayib Bukele passed a bill making BITCOIN LEGAL TENDER in EL Salvador. This was a bold move making El Salvador the first country in the world to do this.
With a population of 6m people, 70% of whom are unbanked , Bitcoin could be a huge opportunity for this developing country.
BUT , THERE ARE MANY OBSTACLES AND LOTS MORE FUD.
WE WERE THE FIRST STATION IN THE WORLD TO GO TO EL SALVADOR TO BRING YOU AN UNBIASED VIEW FROM THE GROUND.
THEREE ARE MANY OBSTACLES BUT WE ALL NEED THIS TO WORK!!!
The first thing you can do is watch this!!!
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Francisco Gimeno - BC Analyst Ran Neuer went to El Salvador to understand better what adopting BTC means for El Salvador. Interesting report. Unfortunately there are as many opinions as experts in the market, both for and against this move. We will need time to understand better what will happen. One good result could be that this provides the unbanked with better financial means.
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A short history of the world's most controversial cryptocurrency: Tether
Tether is a stablecoin cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Many people have accused Tether of being fraudulent, but until now, the story has been told in pieces. Today I'm trying to tell a comprehensive story of tether.
I hope you enjoy.
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.
#tether #crypto #Bitcoin-
Francisco Gimeno - BC Analyst The issue with Tether is not new, but now with all the FUD on Bitcoin and the market dip, it's becoming urgent. Is it a stable coin working for crypto market development or a scam which has gone over the back of Bitcoin success up to now? This is a precious video, very well edited and comprehensive.
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► Become a Patron for more behind the scenes, Q&A's, and editing tutorials: https://www.patreon.com/jamesvj
► Part 1 of the series: https://youtu.be/4ByO8ym-iF8
The insane world of Bitcoin and cryptocurrencies has only become more complex and intriguing with time. But underlying the hype are serious problems and questions that are important to understand, especially if Bitcoin were to gain mass adoption...
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𝐅𝐨𝐥𝐥𝐨𝐰 𝐌𝐞 𝐅𝐨𝐫 𝐁𝐞𝐡𝐢𝐧𝐝 𝐭𝐡𝐞 𝐒𝐜𝐞𝐧𝐞𝐬, 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, & 𝐓𝐞𝐚𝐬𝐞𝐫𝐬:
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Bitcoin first began when a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” began to circulate on a cryptography mailing list.
The white paper was signed by an individual going by the pseudonym of Satoshi Nakamoto. And to this date, Nakamoto’s identity has still not been entirely confirmed.
In 2009, Satoshi Nakamoto “mined” the very first block on the Bitcoin blockchain and set into motion a series of events that would lead to the cryptocurrency’s current fame and status.
But I know what you might be thinking:
What even is Bitcoin? What is blockchain? What is “mining”? What is a cryptocurrency? Why was Bitcoin even created? Does Bitcoin even have any value? And how could this “Bitcoin” be worth tens of thousands of dollars? Is it all just a massive scam?
In the first part of the series, we covered how Bitcoin "works" and what blockchain technology is, as well as looking at an overview of Bitcoin's history. In this second part, however, we will take a look at the problems and underlying issues Bitcoin faces, as well as addressing the Tether conspiracy that could prove to be one of the biggest hits to Bitcoin's value in time.
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All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel.
AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase 🙂
Don’t worry – I only ever promote things that have genuinely helped me.
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Prologue - 00:00
Chapter I: Intrinsic Value – 1:36
Chapter II: The Bitcoin Problem – 5:43
Chapter III: Whales & Manipulation – 11:36
Chapter IV: The Crypto Wild West - 14:50
Conclusion - 19:40-
Francisco Gimeno - BC Analyst Anyone new to crypto may be truly confused by the insanity of a high volatile market, with pundits advising either buy or sell or hodl at the same time, and even cult like fans of this or that crypto coin. Well, here you have twenty minutes to watch and understand better before getting even more confused or run away from all this.
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Why Bitcoin Fell:
24 hours ago, there was news that China clamped down further on their regulation on Bitcoin, and that sent a blow across the markets, causing the price to go down.
Now, in all fairness…this information is NOTHING NEW, it happens on a REGULAR BASIS…and even though many of these policies were ALREADY IN PLACE…the worry is that China might continue to ACTUALLY CLAMP DOWN even further, driving markets away from the region, and that would have an impact on future pricing.
Instead, we have an even bigger concern: TETHER
Watch CoffeeZilla video here: https://youtu.be/-whuXHSL1Pg
Tether is what’s known as a “Stable Coin,” which means its value is always pegged and redeemable 1-to-1 to the US dollar. For cryptocurrency, this actually serves a REALLY USEFUL purpose of being able to digitalize your money, send them around exchanges instantaneously, and keep them easily accessible for whenever you need them.
HOWEVER…over the last few years…there’s been the growing suspicion that there’s not actually any PROOF that Tether is REALLY backed by USD…and that, perhaps…there’s nothing stopping them from creating as much Tether as they want, buying up Bitcoin, and essentially creating the illusion that’s it’s backed by USD if…in fact…it’s NOT.
The worry is that, if it turns out that Tether has been artificially created to drive up the price of bitcoin…that has the potential to break people’s trust in cryptocurrency, and - potentially send prices downward. When this happens is ANYONE’S guess…but, it’s certainly something to be made aware of.
But, overall…in the big picture…I think it’s more important to understand your risk tolerance, and if you have the money to accomplish your goals…there’s no shame in taking profits. I think it’s unhealthy to have the mindset of “diamond hands” at all costs, because it promotes a narrative that it’s disgraceful to sell…when, in reality, these are all investments - and there’s going to be a time where you cash out. It’s about understanding when you’ve won, don’t get greedy, be objective, and take profits along the way to hedge your position.
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Francisco Gimeno - BC Analyst Many have lost loads of money on this crypto market. Those who were no smart or lucky enough lost everything. But the truth is that, as in all markets, there is always a time for profit and even greediness, and a time to be very cool, use common sense and rational thinking to avoid losses, hedging if possible. What is going to happen? No way to know.
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Strategas' Chris Verrone on where bitcoin and other spec trades are headed from here. With CNBC's Courtney Reagan and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso. Subscribe to CNBC PRO for access to investor and analyst insights on crypto and more: https://cnb.cx/2BT2E7y
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Francisco Gimeno - BC Analyst Reacting to any global crisis is a matter of getting together and act for the good of the planet and ourselves. However, who are the ones who will propose what to do, when, and how? Where are the limits between the social good and the individual rights, and the danger of a global emergency? This is very complicated, but shouldn't be left to elites, cult like scientists or politicians to decide.
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This is a clip taken from my Under the Skin podcast with Jordan Belfort aka The Wolf of Wall Street. He chats about his thoughts on financial corruption, the 2008 financial crash and the lack of accountability evident!
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Francisco Gimeno - BC Analyst How many responsible for the 2008 went to jail or had to answer with their ill gotten money? why those criminals have different standards from normal people who commit mistakes? Can we continue to afford this standard? The answer could be that the 4th IR is already disrupting so much the financial and bank sector that this will have to change nilis volis.
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The rate of coronavirus cases is rising in many parts of Africa, where governments face alarming shortages of funds and vaccines.
The global drop in infection rates "masks a worrying increase in cases and deaths in many countries," Tedros Adhanom Ghebreyesus, the director-general of the World Health Organization (WHO) told journalists this week. "The steep increase in Africa is especially concerning because it is the region with the least access to vaccines, diagnostics and oxygen," he said.
Conflicts in Ethiopia, Mali and the Democratic Republic of the Congo are exacerbating the situation. In Uganda, in East Africa, the number of new daily cases has shot up in the past month and had reached 1,400 by June 15, according to Our World in Data.
Ugandan President Yoweri Museveni announced a strict lockdown on June 6. Under the measures, all schools and institutions of higher learning were immediately closed for 42 days and all teachers must get fully vaccinated before they are allowed to return to work. Communal prayers in churches and mosques are also suspended for 42 days, as is public transport such as buses, taxis and boda boda motorcycle and bicycle service between and across districts.
In the neighboring Democratic Republic of the Congo, President Felix Tshisekedi warned of a "fatal third wave" and told people to be cautious, limiting gatherings to 20 people and shutting down nightclubs. According to the Africa Centres for Disease Control and Prevention (Africa CDC), more than 35,000 COVID-19 cases have been registered in the Democratic Republic of the Congo so far and 845 people have died. However, the numbers are rising at an alarming pace. "The situation is serious, our hospitals are overcrowded," the president said, according to media reports.
The beginning of winter has increased the risk of infection in South Africa, where the number of cases has doubled in a short time, according to the WHO. On June 15, the country's Health Ministry reported more than 8,400 new cases. There have been over 58,000 deaths so far.
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#Covid19 #Coronavirus #Africa-
Francisco Gimeno - BC Analyst The African continent had been spared from the worse of the virus until now, with some exceptions like South Africa. The virus now is affecting harder now the younger population throughout the world hitting many African countries which lack the means to protect their people from this crisis, and which can result in even worse economic woes. Bad forecasts.
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Miller Tabak Chief Market Strategist Matt Maley and Valkyrie CEO Leah Wald discuss the volatility surrounding cryptocurrencies with Bloomberg's Emily Chang on "Bloomberg Technology."