Bitcoin [BTC]: Is the modern currency a safer play in the volatile market than medieval currency?

2019-6-5 11:00

Ever since the #DropGold campaign by Barry Silbert, the debate between gold enthusiasts and Bitcoin proponents has risen to a new level. CNBC guests, Jim Iuorio and Anthony Grisanti, went head-to-head during a discussion about the same.

Jim Iuorio, a broker/trader and a CNBC contributor, said that gold’s recent move to the upside had broken a severe downtrend, which might take the price of gold to “1,360-ish”. Speaking about Bitcoin, Iuorio said,

“You see that 10,000-line, that’s a line in the sand of Bitcoin, it came within flirting distance of it before and it seemed to have failed I think it’s going to take a lot to push it above that. So clearly, I’d rather be gold.”

However, unlike Jim Iuorio, Anthony Grisanti was on Bitcoin’s side and said that he would rather choose the modern currency, over the medieval one.

“There’s been a wider implementation of Bitcoin, the cost and transactions have increased and the hedge funds are back in to start buying it, and when you walk in a Burger King you can’t buy a whopper with gold, but you can with Bitcoin in a little bit.”

While it is yet to be used for buying burgers at Burger King, there were plans to do something similar said Grisanti. However, the same couldn’t be said for gold.

Further, Grisanti explained his next move for trading Bitcoin. He said that he would buy CME Bitcoin contracts at $7,800, with a stop-loss set up at $7,100, which was due to respect for the recent sell-off of Bitcoin that stopped at $7,300.

A Twitter user, @joeTrader06m, commented,

“I wished i had seen this 2 hours ago. Could have made some profit with this 100% counter trade indicator.”

Another Twitter user, @MichaelAgne1, remarked,

“I love all these new adopters who wouldn’t touch this stuff with a ten foot pole 3 years ago…#Bitcoin is not for trading, its not a financial instrument, its a store of value, when you trade it you aren’t trading bitcoin you are trading dollars…realize that.”

The post Bitcoin [BTC]: Is the modern currency a safer play in the volatile market than medieval currency? appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Universal Currency (UNIT) на Currencies.ru

$ 0.0001272 (+27.27%)
Объем 24H $327
Изменеия 24h: 0.39 %, 7d: -0.52 %
Cегодня L: $0.0001272 - H: $0.0001272
Капитализация $2.028k Rank 2376
Цена в час новости $ 0.0062733 (-97.97%)

currency bitcoin jim iuorio cnbc gold medieval

Источник: ambcrypto.com

currency bitcoin → Результатов: 126


Фото:

Currency.com Launches Tokenized Government Bonds

Currency. com, a blockchain-based platform that claims to be the world’s first regulated tokenized securities exchange, announced the launch of the crypto version of the Belarusian government bonds and interested investors can now purchase the financial instrument with bitcoin (BTC), ether (ETH) and the fiat standard, according to Fintech Finance report on May 7, 2019.

2019-5-10 11:00


Bank For International Settlements (BIS) Continues Bashing Bitcoin As A Currency

The debate over the legitimacy of Bitcoin as a currency has persisted since the beginning of the creation of the coin. When the mysterious Satoshi Nakamoto rolled out the Bitcoin blockchain years ago, skeptics almost immediately began to argue that the currency would quickly peter out, losing value as quickly as it had gained notoriety. […]

2018-8-10 11:18


Bitcoin Will be Mainstream Within the Next Decade, Say University Researchers

Imperial College London recently released a research paper that points to the imminent adoption of Bitcoin and other cryptocurrencies in mainstream finance. The report’s authors believe that Bitcoin already exhibits the core properties of money, and thus could become the de facto currency for global commerce within the next decade.

2018-7-10 00:33


Фото:

Hyperbitcoinization: $100mil Per Coin by 2030 activity

At least one theorist believes the above will happen, and further postulates one hundred million dollars per bitcoin could be in the works as early as 2030. “Bitcoin-induced currency demonetization, or hyperbitcoinization” is what would occur should “any hapless currency” stand “in bitcoin’s path of total world domination. The current store of value talk and

2018-7-8 06:40


Western Union files new patent with reference to Bitcoin [BTC] and Litecoin [LTC]

On 5th July, Western Union Company, an American Financial Services and Communication company filed a new patent with the US Patent and Trademark Office. The patent aims at ‘receiving and handling secure transfers’ in the electronic transfer network space which includes the transfer of cryptocurrency or digital currency from one device to another from different […]

2018-7-7 22:59


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Will XRP price prediction hold as sellers dominate?

There have been more XRP sales since its price increased. XRP has maintained the $0.53 price range despite declines. Ripple's XRP experienced a rise alongside the market recently, but data iThe post Will XRP price prediction hold as sellers dominate? appeared first on AMBCrypto.

XRP's rally hits major roadblock: What will the altcoin do now?

XRP tumbled as Ripple moved 50 million tokens, causing a market stir. The overall market sentiment for XRP is mixed, with neither the bulls nor the bears in control. Ripple's [XRP] recent prThe post XRP's rally hits major roadblock: What will the altcoin do now? appeared first on AMBCrypto.

Can Polygon [MATIC] climb 17% soon? Taking a closer look

MATIC may be due for a double-digit rally, according to analyst Ali Martinez. However, it might face headwinds in the short term. Polygon [MATIC] is due for a 17% price rally if it breaks abThe post Can Polygon [MATIC] climb 17% soon? Taking a closer look appeared first on AMBCrypto.

Ethereum-based Farcaster taps $150M amid ETH surge - What now?

Farcaster secured $150 million in a Series A round led by Paradigm. Farcaster integrated with Arbitrum amidst the Ethereum surge and ETF anticipation. Amid Ethereum's surge beyond $3000 withThe post Ethereum-based Farcaster taps $150M amid ETH surge - What now? appeared first on AMBCrypto.

SEC's tough stance on crypto continues: Gary Gensler slams 'FIT 21' Act

Gary Gensler has opposed the “FIT 21” Act, citing regulatory gaps and risks to investors. SEC's crypto stance before the 2024 elections could majorly sway voter sentiment. As former PresThe post SEC's tough stance on crypto continues: Gary Gensler slams 'FIT 21' Act appeared first on AMBCrypto.

Trump crypto donations: Better 'financial choices' or 'another cow to milk'?

Donald Trump has started accepting crypto donations for his 2024 presidential campaign. Cryptocurrencies see an increased importance in the political discourse. As anticipation builds for thThe post Trump crypto donations: Better 'financial choices' or 'another cow to milk'? appeared first on AMBCrypto.