DueDEX: What’s Happening in Crypto World Today? — Nov. 2nd, 2019

DueDEX_Arlene
Nov 2 · 3 min read

1. Mainstream Currency Price as of 12:00 PM UTC from Coinbase Pro:

· BTC — 9266.55 USD

· ETH — 183.13 USD

· EOS — 3.347 USD

· XRP — 0.2936 USD



3. Crypto Updates:

· United States National Debt Hits 23 Trillion — Over $1M Per Bitcoin

The United States national debt is now over $23 trillion, according to website U.S Debt Clock.

It is also worth noting that the debt per United States citizen is $69,724 and that the debt to gross domestic product ratio is 106.65%.

The milestone has been pointed out on Nov. 1 by Bitcoin advocate Twitter personality Rhythm, who also said that every dollar of U.S. national debt is, in fact, a reason to buy Bitcoin (BTC).

· Analyst PlanB: Weak Dollar Can Upend Bitcoin Stock-to-Flow Model

In a Twitter exchange beginning on Nov. 1, the account known as PlanB said the tool, which has proven to be extremely accurate, was not designed to last forever.

“I normally don’t deploy statistical models 120+ years out into the future. I would be happy if the model holds for 1 or 2 or maybe 3 more halvings,” he wrote.

· WEF’s Mining Blockchain Initiative Aims for ‘Industry-Wide Trust’

Last week, the World Economic Forum teamed up with seven major mining and metals firms to develop responsible sourcing and sustainability practices using blockchain.

Specifically, the “Mining and Metals Blockchain Initiative” will include building an inclusive blockchain platform, which will ostensibly help to increase “transparency, efficiency or improve reporting of carbon emissions” across the industry. So, is blockchain a truly good fit for mined resources?


4. Trader’s View:

· Elliot618 from Trading View: BTC — Elliot Wave Count

Looking for a good retracement for wave 2, minimum to about .618 or lower prior to starting the move up for wave 3.

· YuyuCoyotte from Trading View: The all-in monthly.

This is the most safe trade and invest in the galay.

· consensio from Trading View: xbtusd — ptchfrk



DueDEX informs readers that the views, thoughts, and opinions expressed in the content come from various sources, and does not belong to DueDEX. It does not guarantee the accuracy or possible uses of the content posted. Under no circumstances whatsoever shall DueDEX be deemed responsible or liable for any decision made or damage incurred due to the content and information posted on this social media. Every investment and trading move involves risk, doing own research should be conducted when making a decision.

DueDEX

Trading Bitcoin Futures, Fairly

DueDEX_Arlene

Written by

DueDEX

DueDEX

Trading Bitcoin Futures, Fairly

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