Archiv der Kategorie: Bitcoin

Bitcoin for the Latin American Entrepreneur: Business vs Bitcoin

Could the important returns provided by Bitcoin dwarf those obtained in business?

We have just broken our historical record, after three years of patience, and of course, today everything looks rosy. We are talking about percentages, returns and profits. Everyone is very happy. And it’s logical. The investment is paying off. That is, everyone is in a positive mood, regardless of the purchase price. Fortunately, not all of us are buying in December 2017. Most bought at much lower prices and today we are enjoying increases of 2X, 3X or more. However, many entrepreneurs are still skeptical. Is investing in Bitcoin better than a good deal?

I should warn you in advance that the thoughts expressed here are more personal opinions than an in-depth analysis based on pure data. They are personal and subjective reflections. The reader must decide how useful what is said here can be. Because mine are constructed from anecdotes coming mainly from a very limited context. That is, from my day-to-day life. The fact that I lead a double life suddenly gives me the benefit of seeing the contrasts of the two visions. When I say that I lead a double life, I don’t mean that I go out at night to fight crime with a mask. I mean that I invest in Bitcoin and write a lot about it, but also that I have my business. So, I’m a bitcoiner and an entrepreneur.

Reasons to get on the bus: Why buy Bitcoin?

This is quite relevant, because the point is that we’re talking about two very different circles. The average bitcoiner is very different from the traditional (Latin American) entrepreneur. I’m talking about demographics, way of thinking, and the general view of things. For example, among bitcoiners, I could be labeled conservative, old, and somewhat prosecutory. But, among business people, I could be labeled young, avant-garde, and out of the ordinary. „The one who knows about Bitcoin. (I live in Venezuela).

Many bitcoiners seem to be halfway pissed off at the world. And they easily fall for the rhetoric of conspiracies. That is, the evil system. They don’t have much experience, but they are always „right“. And they are very given to controversy. That is, they are easily upset during a debate. They love to fight on Twitter with strangers and things like that. And, above all, Bitcoin is the best thing in the world. The messiah who will bring us out of the abyss.

The entrepreneur usually has years in his trade. He knows a lot of people in his field. He has partners, contacts, and acquaintances. Maybe he knows people in the government. And he has a nose for business. The Latin American businessman generally trusts the dollar and the U.S. Government. He invests in houses, cars, and his business. He has accounts abroad. And he invests in Miami, Panama, or somewhere like that. Real estate, generally. But, above all, he is a social rather than a technical being. Which means he’s basically a gregarious animal. He’s not on Twitter. He doesn’t argue on the networks. Meetings are not virtual. They are face-to-face. The dinner, the bar, the lunch. The mountain bike trip. You sell things, you buy things, you make loans, and you make deals.

One of the big differences between doing business in Latin America and doing business in the United States or Europe is the issue of margins. In Latin America, a margin of 30%, 50%, 100% or more on a business is not particularly rare. In my industry (vehicles), margins are quite high. Not as high as margins in the food business. But they’re certainly much higher than what we’ve seen in the United States. In Venezuela, for example, you can be a dealer and do business. But, in the United States, the competition is simply brutal. The pressure from the big guys is devastating for the little guys. This obviously reduces profit margins.

Traders are looking forward to a range between 18,200 and 19,500 US dollars

Bitcoin exchange rate consolidated: Traders are looking forward to a range between 18,200 and 19,500 US dollars

The Bitcoin exchange rate is taking a short break as bulls and bears struggle to control the range between US$18,200 and US$19,500.

After an impressive rise to a new all-time high on 1 December, the Bitcoin (BTC) share price has entered a short consolidation phase. The exchange rate currently ranges between USD 18,200 and USD 19,500.

The 1 and 4-hour charts show that the Bitcoin Champion price is consolidating into a pennant-like structure and a breakout from the pattern would probably mean a price move to the $19,400 mark, where there is a little more resistance.

A breakout from the pennant would also indicate that the $19,000 mark could now act as a solid support. If the bulls were to make the zone between $19,400 and $19,500 to provide support, they could try again to reach a new all-time high.

Many analysts have pointed out that phases of consolidation and pullbacks to the underlying support are crucial to maintain the strength of an uptrend.

If Bitcoin really is in a bull market, investors will look at larger and smaller pullbacks as buying opportunities. A clear indication of this is the daily chart, which shows that traders are buying on every significant drop since mid-October.

We also see here that there are still higher lows every day

Even after the recent strong rejections at the level of 19,000 US dollars.

According to the VPVR, if the Bitcoin exchange rate does not get above $19,200 or falls below the $19,000 mark, support will be at $18,650 and below that level at $17,800. $17,800 is also the 20-day moving average. This has been maintained since the beginning of the upward trend on 7 October, when the Bitcoin price was $10,600.

Cointelegraph’s Micheal van de Poppe commented:

„It is quite difficult to make an analysis at the moment. But the longer time frames indicate that there is some overstretching at the moment. If Bitcoin doesn’t break or close above $19,000, I think it will continue to go down.“

Van de Poppe also says that on the weekly and daily charts, $19,000 is the key level for Bitcoin. He warned that a potential bearish divergence could indicate that a reversal is imminent.

Mike McGlone : Les pièces de monnaie atteindront probablement 170 000 dollars dans deux ans

Mike McGlone, de Bloomberg, a mentionné que le prix du bitcoin pourrait atteindre 170 000 dollars en 2022.

McGlone est toujours présent lorsque le prix du bitcoin augmente

McGlone est un expert de premier plan en matière de bitcoin et de l’évolution de son prix. Il a déclaré dans une récente interview que, au cours de l’année écoulée, le bitcoin a suivi une tendance spécifique consistant à ajouter un zéro à son prix tous les 12 mois. Par exemple, il a indiqué que le bitcoin a terminé l’année 2019 dans la fourchette des 7 000 dollars. Aujourd’hui, il se négocie à plus de 10 000 dollars de plus, ajoutant ainsi un nouveau zéro à sa série de chiffres depuis lors.

Si bitcoin fait la même chose en 2021, la monnaie pourrait se négocier à 170 000 ou 180 000 dollars. Tout cela serait parfait, bien que cette prédiction pose deux problèmes. Tout d’abord, il est un peu exagéré de supposer que le bitcoin ajouterait simplement un zéro supplémentaire à son prix chaque année. En fait, à l’exception de maintenant et de 2019, rien ne prouve que cela a été – ou sera jamais – un schéma régulier pour la première devise cryptocrite du monde en fonction de la capitalisation boursière.

Vous vous souvenez de la valeur du bitcoin à la fin de 2018 ? Il se négociait à environ 4 000 dollars à l’époque, ce qui signifie qu’entre la fin de cette année-là et la suivante, le bitcoin n’a ajouté qu’environ 3 000 dollars à son prix global. Pour que le bitcoin ajoute un nouveau zéro à son prix d’ici 2022, il devrait augmenter de plus de 100 000 dollars dans le même laps de temps, ce qui semble largement irréaliste car même en 2020, la monnaie n’a ajouté qu’environ 10 000 dollars à sa position globale.

Deuxièmement, supposons, pour les besoins de l’argumentation, que le bitcoin est certainement capable d’atteindre une position aussi importante et élevée dans un délai aussi court. Eh bien, selon la Citibank, le prix du bitcoin à la fin de 2021 sera presque le double de ce que McGlone prévoit. Un nouveau rapport de l’analyste de la Citibank Tom Fitzpatrick suggère que la cryptocouronne la plus populaire au monde pourrait se négocier au-delà de 318 000 dollars d’ici la fin de 2021.

Franchement, 318 000 $ est beaucoup plus impressionnant que 170 000 $. Bien que McGlone propose un chiffre élevé, il n’est pas aussi facile de s’enthousiasmer par rapport à quelque chose qui dépasse 300 000 $. Quoi qu’il en soit, McGlone détaille sa prédiction dans une récente interview, en affirmant

Si vous regardez les performances passées, qui sont potentiellement indicatives de l’avenir, l’année prochaine ou les deux prochaines années pourraient ajouter un zéro à l’arrière du chiffre.

Suivre le modèle en or ?

Il affirme que la raison principale de la récente hausse de bitcoin est que les gens considèrent maintenant qu’il s’agit d’une réserve de valeur similaire à celle de l’or. Il explique :

J’ai peur que cela fasse probablement ce que l’or a fait. Il est arrivé à 2 000 $, et depuis, il s’est consolidé dans un marché haussier.