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The method of savvy investors to double their savings in a bear market and Bitcoin crashes

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Crypto investors are constantly hoping to be among the first to discover the next Bitcoin, but anticipating which altcoins will get big and which will disappear without a trace is much more difficult than many imagine.

One coin that has already climbed 420% and is starting to generate interest at the moment is RBIS , the native token of ArbiSmart , an automatic cryptocurrency arbitrage platform. Analysts are ramping up the hype by projecting an increase to more than forty times its current price by 2023. 

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So, let’s explore some of the criteria for a winning altcoin and see how RBIS ranks.

Is there a coherent development?

The best indication of a token’s potential for lasting success is that the project’s development team is constantly innovating, updating, and adding new utilities. RBIS is in the process of rolling out a number of further improvements to its system architecture and there are a variety of new EU licensed products and services being launched in the second half of 2021 and early 2022, including an interest-bearing portfolio. which supports both fiat and crypto, a new mobile app, a yield farming program and a crypto credit card.

What is the value of utility?

If the token is powering a project that is not providing any useful services, then it has no chance of remaining an attractive investment in the long run.

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ArbiSmart performs automated crypto arbitrage , a low-risk investment strategy that involves taking advantage of temporary price discrepancies. These are short intervals, where a single cryptocurrency can be available at different prices, through a number of exchanges, at the same time. 

ArbiSmart is linked to nearly forty exchanges and its algorithm analyzes them all, monitoring hundreds of coins around the clock to find these temporary price discrepancies. It will buy the coin on the exchange where the price is lower and then instantly sell it on the exchange where the price is higher to make a profit before the price difference resolves. 

Being a fully automated platform, there is not much for the user to do, except sign up and make a deposit in fiat or crypto. At that point, the algorithm takes over. It automatically converts funds into RBIS and uses them to trade crypto arbitrage, generating guaranteed profits ranging from 10.8% to 45% per year depending on the account level . 

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In addition to earning up to 45% annually from cryptocurrency arbitrage, ArbiSmart users also earn compound interest on these profits. 

Those at higher account levels can also earn up to 1% additional earnings per day by choosing to put their funds into a locked savings account for a specified period. 

Perhaps the most profitable revenue stream of all is from the capital gains earned from the rising value of the RBIS token , which has already more than quadrupled in value since it was introduced in 2019.

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The project offers a low-effort, low-risk crypto investment medium with exceptionally high and reliable returns. What really puts it on a different level when it comes to long-term profitability, though, is the fact that it provides investors with an excellent hedging opportunity, in a volatile market.

Crypto arbitrage does not depend on whether a cryptocurrency maintains or changes its trajectory. Price differences between exchanges will continue to occur with the same regularity, generating steady profits, even in a bear market. This is why during the recent cryptocurrency crash, many people have turned to ArbiSmart as a safe deposit for their cryptocurrency wealth, where, instead of continuing to fall in value, they could start earning substantial passive income.

How secure is the platform?

To date, the ArbiSmart project has a clean history, with no cases of fraud or system breaches and no record of legal issues. The platform is authorized by the EU , with the usual safeguards that regulatory compliance ensures, including regular external reviews, strict data security protocols, separation of client and company accounts, maintaining sufficient capital to cover all client funds and the implementation of client identification and anti-money laundering procedures.

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Is there significant community support?

ArbiSmart had 150% year-over-year growth in 2020 and so far, 2021 has seen a huge increase in the platform’s user base. While the demand for the token is soaring, the supply is limited, with the number of tokens that can be created up to 450 million tokens.

In the fourth quarter of 2021, RBIS is expected to be listed and this is likely to push the price even higher. Once it is tradable, anyone wishing to use ArbiSmart products and services will need to purchase the coin on an exchange. However, token holders will have no motivation to sell. They will earn long-term passive revenues from cryptocurrency arbitrage, while at the same time profiting from the ever-increasing price of RBIS, which has already risen by more than 400%.

So, is RBIS set to become the next big coin? The answer is… very likely. 

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In addition to listing on exchanges, the project has a very rich development program with new utilities and constant growth from year to year. If RBIS continues on its current trajectory, analysts predict that the token will rise to twenty times its current price by the end of 2021 and then climb to double that value by 2023.

While the token price is currently still very affordable, it is unlikely to stay that long. Are you interested in buying? Buy RBIS now .

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Bitcoin

Bitcoin Price Analysis: BTC breaks above $65,000 all-time high, further upside to follow today?

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  • Bitcoin price analysis is bullish.
  • BTC/USD set a new all-time high at $67,000 yesterday.
  • Slight retracement to retest $65,000 as support overnight.

Bitcoin price analysis is bullish today as a higher low has been set after a retest of $65,000 as support. Therefore, we expect BTC/USD to continue higher over the next 24 hours.

Bitcoin Price Analysis: BTC breaks above $65,000 all-time high, further upside to follow today? 1
Cryptocurrency heat map. Source: Coin360

The cryptocurrency market traded with strong bullish momentum over the last 24 hours. Bitcoin gained 3.12 percent, while Ethereum gained 12.35 percent. Meanwhile, Solana (SOL) continues to dominate the market, with a gain of 20 percent.

Bitcoin price movement in the last 24 hours: Bitcoin sets new all-time high at $67,000

BTC/USD traded in a range of $63,807.96 – $66,930.39, indicating substantial volatility over the last 24 hours. Trading volume has increased by 34.33 percent and totals $49.2 billion, while the total market cap trades around $1.24 trillion, resulting in the market dominance of 46.29 percent.

BTC/USD 4-hour chart: BTC to reach $68,000 today?

On the 4-hour chart, we can see Bitcoin price slightly retracing overnight as bulls prepare for another push higher today.

Bitcoin Price Analysis: BTC breaks above $65,000 all-time high, further upside to follow today?
BTC/USD 4-hour chart. Source: TradingView

Bitcoin price action has seen steady growth so far in October. After a several-week consolidation above $41,000 at the end of September, a strong push higher was seen on the 1st of October.

Since then, BTC/USD has seen steady growth with several higher highs and lows set. From the previous major swing low of $41,000 to the current swing high of $67,000, BTC has gained around 63 percent.

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Yesterday, the previous all-time high of $65.000 was broken clearly, further indicating strength for the momentum. Overnight a slight retracement back to the $65,000 mark was seen as bears looked to retest it as support, likely before further upside is seen today.

Bitcoin Price Analysis: Conclusion 

Bitcoin price analysis is bullish as a slightly higher low has been set after a retest of $65,000 previous resistance as support. Therefore, we expect BTC/USD to continue higher over the next 24 hours.

While waiting for Fantom to move further, read our guides on LTC wallets, Gero wallets, and  DeFi wallets.

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PayPal co-founder suggests he’s underinvested in Bitcoin while it records new ATH

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Bitcoin [BTC] did it once again. The asset broke its own record and caught the attention of the entire globe. Amidst this, PayPal’s co-founder, Peter Thiel expressed his angst over being “underinvested” in the world’s largest cryptocurrency.

The crypto industry as a whole garnered immense popularity over the last couple of years. From being closely regarded as an instrument that carries out illicit activities, to being adopted by governments across the globe, Bitcoin has certainly come a long way. Now, with a market cap of $1.2 trillion, Bitcoin stands as one of the most prominent currencies in the world.

Earlier today, BTC pushed past its previous all-time high of $64,899 and managed to hit a new high of $66,930.39. While BTC HODLers rejoiced this surge, an array of people were rather disappointed that they hadn’t poured in their money into the king coin. One of them was PayPal’s co-founder Peter Thiel.

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PayPal’s co-founder talks crypto

During a recent interview, PayPal’s Thiel revealed why he felt underinvested in the asset. He added,

“You’re supposed to just buy Bitcoin. I feel like I’ve been underinvested in it.”

The latest move of Bitcoin was lauded by the entire market. Speaking about the effects of BTC’s ongoing rally, the PayPal co-founder suggested that “we are at a complete bankruptcy moment for the central banks.”

An array of people took to Twitter and made their own predictions about Bitcoin. While some suggested that BTC was slated to endure a major fall, a few others noted that the coin could be aiming for $70K. Tesla’s Elon Musk had a rather bizarre prediction for the coin.

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The Tesla CEO’s latest tweet read,

Bitcoin’s rally certainly paved the way for several altcoins hitting new highs. Ethereum PETH], the second-largest cryptocurrency followed the footsteps of BTC and managed to hit an all-time high of $4,366.

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PayPal has played a major role in the crypto-verse in the last year. From opening doors to crypto and constantly remaining bullish about it, has pushed several assets to a new level.

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This Catalyst Could Trigger Long-Term Bitcoin Rally

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Bitcoin is surrounded by all kinds of optimistic predictions these days especially since the king coin managed to smash through all-time highs the other day.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $65,933.90.

This trigger could boost Bitcoin

Popular analyst Benjamin Cowen just said that one overlooked catalyst could ignite a big long-term rally for Bitcoin (BTC).

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During a new strategy session, the analyst analyzes the dollar index (DXY), which compares the US dollar against a basket of other major fiat currencies.

As the online publication the Daily Hodl highlighted, a weaker dollar can often imply higher prices in many assets.

He also said that one thing that could put extra bullish energy behind Bitcoin is the DXY beginning a macro trend downward.

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Cowen explained that the DXY is potentially on the edge of a bearish trend as it gets rejected from its 100-week simple moving average (SMA).

“Ideally speaking, in order to really be the best conditions for Bitcoin, we’d like to see this keep coming on down. This would be the best condition for Bitcoin and here’s the crazy thing when you talk about the US dollar currency index… Look at the actual macro range.”

He said that despite a rising DXY during the majority of Bitcoin’s lifetime, the king has still managed to maintain a long-term bullish structure.

The analyst is also analyzing what could happen if the DXY eventually entered a more considerable downtrend.

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“The dollar has more or less moved up during that time. It’s moved up, but there were a couple of key times when the dollar was moving down and that corresponded to Bitcoin bull markets.”

He continued and said the following:

“Imagine what Bitcoin could do if the dollar ended up coming back down… I think that would be incredibly bullish for Bitcoin.”

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