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Binance’s CZ: ‘Slap Yourself If You Sold Bitcoin under $10k’, Anthony Pompliano Explains Further Potential BTC Growth

  • Yuri Molchan
    📰 News

    Now that Bitcoin has surged over $10,000 again, Binance’s CZ rebukes those who sold lower with Anthony ‘Pomp’ explaining why BTC would go even higher in the future


Binance’s CZ: ‘Slap Yourself If You Sold Bitcoin under $10k’, Anthony Pompliano Explains Further Potential BTC Growth
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On August 2, Bitcoin is pleasing the market, once again rising over the $10,000 mark. The head of the top crypto exchange Binance, CZ, says that those who sold their BTC at a lower price should take a lesson from that for the future and never make this mistake again.

However, similarly to Chinese philosophers of the past, he put it into a one short phrase: ‘Slap yourself if you sold Bitcoin under $10,000’.

In the comment thread, some community members began ‘slapping themselves’ for selling BNB under $10.

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Anthony Pompliano promises a higher BTC growth to a CNN host

Speaking with Julia Chatterley from CNN, the crypto expert and a co-founder of Morgan Creek Digital Anthony ‘Pomp’ has explained to the audience, why the Bitcoin price is bound to rise even higher than merely $10,000.

The crypto expert mentioned that the BTC price surge in the near future will on the one hand be caused by the numerous quantitative easing programs which are about to launch already, when more cash is going to be printed, in an attempt to improve the economic situation in the world’s developed countries. 

The second factor he mentioned was the upcoming Bitcoin halving in 2020.

For the audience, Pomp explained that every four years the reward that Bitcoin miners receive for running the software vital for the chain’s work will get cut in half. This way, the amount of BTC let out into the market will reduce and the asset will become scarcer than before, which is bound to push its price higher.

Speaking of BTC halving, the halving of Litecoin is about to take place in three days too. 

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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📈 Price Predictions
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XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year

  • Vera Yurina
    📈 Price Predictions

    Can Ripple touch the $1 level this year? Check out interesting opinions and XRP price predictions from Twitter users


XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Failing to sustain high price level, XRP is keeping around $0.30. It might seem that Ripple’s XRP stands still all the time, but Twitter users have the opposite opinion. They are sure that big changes are coming, and XRP is simply accumulating power for the price to explode. Can Ripple go to the moon in 2019? What will drive its overwhelming growth? Check out XRP price predictions from Twitter users. 

The history repeats

According to the long-term price charts, Ripple might be repeating its history, and the scenario of 2019 can actualize this year, too:

If XRP breaks out of the current resistance zones, its growth would exceed $1 easily. Some traders are sure it has enough potential to touch the $5 level, too.

Are there any certain triggers of XRP growth? There’s a bunch of theories. One of them claims that Ripple will burn its immense reserves of XRP for its price to rocket:

Although the petition is started, Ripple Labs itself does not plan to burn its tokens – it might have too serious outcomes. 

Card

 Here is the golden section pattern that proves XRP might soar:

However, it’s simply an amateur approach: what works with fiats might not work with altcoins at all. 

Better make mid- and short-term predictions based on traditional technicals, such as Fib levels:

XRP won’t grow overnight 

The short-term XRP price predictions are positive:

But simple moves to $0.4-0.5 won’t make any serious difference. As for higher XRP levels, there is no 100% confidence that we can reach them in 2019.

Don’t rush to the conclusions

All in all, time will show whether Ripple is able of groundbreaking moves. Right now, there are no signs of Ripple going to the ceiling. As one Twitter user ironically noticed, Ripple will discuss how liquidity has changed before they know the numbers:

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The XRP conspiracy theory

This post simply could not stay unnoticed:

What we are witnessing now is how Ripple Labs manipulates its XRP stocks and buys/sells XRP in large amounts to shift the value of the coin. Will their efforts turn out to be fruitful? 

For some reason, XRP gets more attractive for other blockchains’ representatives:

Seems like they know something usual traders aren’t aware of. Does it mean Ripple is preparing for a major breakout? Everything is possible.

Meanwhile, Ripple’s bottom levels keep growing from year to year:

Thus, Ripple Labs keeps actualizing its plans, even though slowly. So even if it’s a non-profitable variant for shorts, it must be a great choice for long-term investors. Patience is the key. 

Cover image via 123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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