4 Coins We Are Trading and Why

Market Meditations | December 25, 2020

Today’s letter is a Christmas special containing exclusive technical analysis on the coins we are trading.

Dear Meditators

For our readers who celebrate it: a very Merry Christmas to you ?

And to all our readers: we wish that in 2021 you achieve great wealth, health and happiness ✨

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Today’s letter is a Christmas special containing exclusive technical analysis on the coins we are trading.

Delighted to say this free edition is brought to you by Phemex ?, you can use my link to get free Bitcoin and a discount on fees. This is where I trade crypto with leverage, here’s a ? tutorial to help you get started.

Michael Saylor Says He Can’t Talk About His Bitcoin Discussions With Elon Musk. The CEO of the world’s largest publicly traded business intelligence firm says he can’t reveal details of discussions he’s had with Tesla CEO Elon Musk. In an interview with CNBC, Michael Saylor adds fuel to the rumors that Musk may be considering whether to add BTC to Tesla’s balance sheet. Saylor calls Bitcoin the “world’s first engineered safe-haven asset” and says it’s likely to become less volatile over time. Saylor says he’s made “north of $500 million” on his Bitcoin bets in 2020. Read more.
Tierion to Repay ICO Investors Up to $25m Plus Interest in SEC Settlement. The U.S. SEC has ordered Tierion to pay back investors in its TNT tokens. This comes after their finding that the data verification start up’s $25m ICO violated securities laws. TNT holders and ICO investors who sold their tokens at a loss have 60 days to ask Tierion for what is essentially a refund. Founder and CEO Wayne Vaughn has said the settlement allows Tierion “to move forward without a heavy regulatory burden”. Read more.
XRP Price Surges 40% in a Surprise Relief Rally. XRP price spiked by 40% in the last 24 hours, recording a 52% gain at the day’s peak. Behind the surprising rally was a big short squeeze that caused massive volatility within hours. Data from Bybt.com shows that $73.5 million worth of XRP futures contracts were liquidated. Analysts remain divided on XRP’s short to medium-term future. Some say that even if XRP is considered a security in the U.S., the SEC’s case alone would not mean the end for XRP. Read more.
White House Releases Stablecoin Report, Says Regulators Could Consider Limiting ‘Multi-Currency Stablecoins’. Although the working group believes that stablecoins have the potential to improve efficiencies, increase competition, lower costs, and foster broader financial inclusion, the group suggest that stablecoins could pose a threat to “international monetary stability” and recommends actions so that “stablecoin arrangements should not undermine confidence in and the ability of domestic fiat currencies.” Read more

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