CryptoExplorers says
02/05/2021
At 1:30 in the morning, the annual Berkshire Hathaway (Buffett) Investor Conference was held as scheduled. The 90-year-old Buffett and the 97-year-old Charlie Munger were on the same stage again, and the two had been interacting with investors until 5 in the morning. With more points, this senior can still sit on the stage for three hours, which is very impressive. Buffett not only gave us a lot of enlightenment in investment, but also told us that the health of life is more important. Seeing their radiant looks makes it hard to imagine whether we can live to this age, even if we live to 90, can we have someone Quality of life.
Regarding cryptocurrency, it was also mentioned at this conference that Buffett did not want to make people who do more Bitcoin feel sad because he does not have Bitcoin, and said that he did not want to make any comments. Munger said that Bitcoin is a "financial product fabricated out of thin air", hates Bitcoin's success, and believes that the overall development trend of cryptocurrency is disgusting and goes against the interests of human civilization.
Some people feel that there is no need to seek the opinions of the two old gentlemen about the future of cryptocurrency. They are the biggest beneficiaries of the previous era. Obviously, it is difficult to accept the subversion of new things. This kind of collision between the old and the new is inherently irreconcilable. If they support Bitcoin, they will definitely impact their investment system, because this is the relationship between you and me. But the success of the predecessors is always worth learning from us. In the logic of the success of the predecessors, looking for the outlet of the new era, success is not a simple copy, but needs to adapt to development. The underlying things will never change, but only change The continuous progress of mankind.
A large crypto exchange in Turkey stated that regulators will treat crypto exchanges like banks. It seems that Turkey’s crypto xi money is very serious. This kind of regulation is not conducive to the participation of Turkish investors in the short term, but it is conducive to the continuous entry of large institutional investors in the medium and long term.
The total amount of Defi locked up exceeded 110 billion US dollars, a record high, but this time the rise was mainly the Defi products on the BSC and Heco chains, and there was no significant growth on the Ethereum network. This is also one of the logic behind the recent surge in platform currencies.
Venezuela will use petroleum coins to calculate social welfare payments. Venezuela is the first country to use legal digital currency, but because the country is too small, the digital currency he issued has not gained much recognition. The legal digital currency is still directly linked to the country's credit.
The Bitcoin Whale has transferred more than 40,000 Bitcoins, valued at 2.2 billion U.S. dollars. There is currently no evidence that it is related to exchanges, so it is likely to be an early participant in Bitcoin. This kind of change is obviously not a good phenomenon, and it represents that Bitcoin holders in ancient times are ready to cash out.
Market analysis
Bitcoin:
The day before yesterday’s rise was a bit fierce, and today’s callback is a bit deep. There is a high probability that both the long and the short will continue to compete at this position. The CryptoExplorers still maintains the previous view. The high probability in May will be a wide-ranging market. The overall price is good for selling and buying low.
ETH:
Today, it rushed higher and fell again. The short-term stamina is obviously insufficient. The consensus expectation for $3,000 is too strong. Therefore, it may pull back for a period of time and then go up. Long-term holders continue to hold it. In the short-term, consider a reduction.
DOT:
It came down before reaching the pressure level. The bullish momentum of the market is still not strong, so be patient and wait for opportunities.
XRP:
The Ripple co-founder transferred another 420 million Ripple into his wallet, worth 720 million U.S. dollars. Once the buddy realized cash, he had enough to drink a pot, waiting for the callback to consider participating.
LINK:
The short-term callback is mainly the support level 37, and it is expected to continue to attack after the callback.
BCH:
Support near 900, step on it again.
BSV:
It's not broken at the moment, you can still take it.
ADA:
Concussion is dominant.
TRX:
Continued stagflation, mainly to lighten up.
XMR:
After the new high, there is no direct attack, and there is a short-term callback expectation, which is reduced.
ETC:
The Doomsday Chariot continues to start, and the 5-day line tactics.
DOGE:
The former high pressure level will probably not pass directly, and you can wait for a callback.
UNI:
The trend is not very strong, and the shock is the main one.
That's it for today, I wish you all a happy weekend, see you tomorrow.
