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Altcoins May Move Up Hard Because of Greed: Analyst

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Thu, 01/30/2020 - 14:58
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  • While Bitcoin (BTC) traders are guessing whether the crypto king is ready to enter a parabolic uptrend, altcoin hodlers are anticipating a new ‘alt season’.

Cover image via 123rf.com

Seasoned crypto trader and analyst Michael van de Poppe has published a short-term altcoin price forecast and named the main catalyst for a potential bullish run.

Greed brings the growth

Mr. van de Poppe supposes that the only catalyst that may move altcoins upwards is ‘human greed’. Thus, it may be much more profitable to long it.

Also, the trader added that the worst strategy is being a newcomer in the army of Bitcoin (BTC) maximalists. There is no sign that a dead altcoin market is in the cards for these days, concluded mr. van de Poppe.


Bad time for ‘all-in’

By the way, this altcoin rally may not be splendid at all. So, the analyst recommends being careful going to extremes and to cease ‘shouting ‘The Next Bitcoin’ on every altcoin’

At print time, Bitcoin (BTC) is trading at 9,366 USD while major altcoins are in the red zone.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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Sun, 03/29/2020 - 19:38
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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
Contents

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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