Dave's Daily Crypto Take

DDCT #95 - 12/16/2021 (Bitcoin & Ethereum Keep Falling. Is Now The Time To Buy The Dip?)


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#Bitcoin #JackDorsey #JayZ


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Dave's Daily Crypto Take


In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.


My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.


ARTICLES used in today's video:


https://www.cnet.com/personal-finance/crypto/what-is-bitcoin/


A beginner's guide to bitcoin and cryptocurrency


Cryptocurrency reached a peak in 2021. Bitcoin once again notched an all-time high valuation, surpassing $65,000 (earlier in the year, it had dipped below $30,000). And this year bitcoin -- and cryptocurrency in general -- penetrated deeply into financial services as well as the culture, gaining an expanding foothold in popular art, commerce and other corners of the mainstream.


If you're looking for a primer on bitcoin and cryptocurrencies, you're in the right place. We'll take a look at the basics -- what bitcoin is, where it comes from and how to buy it -- as well as a range of other topics including valuation, legality and its practical applications.


https://www.theblockcrypto.com/linked/127700/dorsey-names-board-members-of-his-bitcoin-endowment-with-jay-z?utm_source=rss&utm_medium=rss


Dorsey names board members of his bitcoin endowment with Jay-Z


Twitter co-founder and Block CEO Jack Dorsey announced the board members of his bitcoin development endowment in collaboration with Jay-Z today.


The two previously announced their intention to give 500 BTC to set up ₿trust, an endowment to fund bitcoin development with a starting focus on teams based in Africa and India. When he unveiled the plan for a blind trust in February, Dorsey said he needed three board members.


https://www.barrons.com/advisor/articles/passwords-digital-assets-online-accounts-heirs-estate-planning-51639602475


How to Ensure Heirs Avoid a Password-Protected Nightmare


Deborah Placet had no idea how to access her husband’s cryptocurrency and other digital accounts after his unexpected death at age 52. “The funny thing is, we’re in the [advisory] business,” says Placet, managing partner of Scottsdale, Ariz.-based RJP Estate Planning.


Placet turned to IT forensic experts to help her access accounts including her husband’s IRA. “It’s taken a lot of work and a lot of effort,” she relays. After nearly three years, however, she reports that she still has not gained access to her late husband’s Bitcoin account. This year, Bitcoin reached an all-time high price of nearly $69,000 per coin.  


https://ambcrypto.com/with-the-lengthening-of-market-cycle-expect-the-unexpected-from-bitcoin/


With the lengthening of market cycle, expect the unexpected from Bitcoin


The Bitcoin market finally seems to have regained its footing, following the volatile deleveraging event last week as BTC’s price finally retested the $48,800 mark. Over the last week, Bitcoin prices were largely range-bound, between the lower $45,600, and higher $51,000 mark.


As BTC finally retested the $48,850 mark, the anticipation of a bullish turn increased in the market but was it too soon to expect that?


https://www.dmarge.com/2021/12/bitcoin-ethereum-buy-the-dip.html


Bitcoin & Ethereum Keep Falling. Is Now The Time To Buy The Dip?


Bitcoin (BTC) and Ethereum (ETH) are both on a major downward slide.


Bitcoin is down over 32.4% from its new all-time high on November 10 and is – at the time of writing – trading for US $46,756 (AU $65,828).


Ethereum has followed suit, although it hasn’t fallen as sharply as Bitcoin, it’s down 22.6% from its November 10 all-time high and is currently trading at US $4,878 (AU $6,868).


Despite the recent decline in value, both cryptocurrencies have still performed extremely well this year. Bitcoin is up 144.2% year-to-date, while Ethereum is up an impressive 539% from January the 1st. 


https://alternative.me/crypto/fear-and-greed-index/


https://coinmarketcap.com/


Please subscribe, like, and share so that more and more people can view this content.


DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.


Thank you very much


Dave



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Dave's Daily Crypto TakeBy Dave D