BTC sent to projects

• Midas – 0.31756628 BTC
• Scrypta – 0.00697011 BTC
• Divi Project – 0.00520605 BTC
• Index Chain – 0.00613916 BTC
• Kyanite – 0.00489706 BTC

Total BTC sent to projects for development: 0.34077866 BTC

Depending on our agreement with projects, between 0-20% of the BTC received through InstantBuy is sent to the project for development.

BTC provided for coin support on exchange

• MIDAS – 0.74036775 BTC
• SEND – 0.01124342 BTC
• BIR – 0.00324937 BTC
• SIN – 0.00904796 BTC
• KTS – 0.00756338 BTC
• XNK – 0.00199238 BTC
• AUDAX – 0.00443084 BTC
• DASH – 0.01069795 BTC
• CSPN – 0.02126388 BTC
• LYRA – 0.02091648 BTC
• YCE – 0.00105823 BTC
• DIVI – 0.09370896 BTC
• ABET – 0.00494407 BTC
• SMART – 0.00190000 BTC
• IDX – 0.01452749 BTC
• XP – 0.00439988 BTC
• SSS – 0.00704316 BTC
• ETH – 0.07021144 BTC
• FUNC – 0.00609000 BTC
• KYAN – 0.01836396 BTC

Total BTC sent to exchange: 1.0530206 BTC

Between 75-95% of the BTC spent on InstantBuy goes to exchange for buy wall price support on exchange. Coins purchased on exchange return to InstantBuy allowing us to take more sales and generate further revenue for the project and coin support.

Coins purchased from exchange and supplied back to InstantBuy

• 25 ETH
• 2705393 COLX
• 1317152 XP
• 196956 YCE
• 162520 SIN
• 108052 KYAN
• 35197 FUNC
• 31873 BIR
• 30722 DIVI
• 26459 ESBC
• 10063 IDX
• 9921 SSS
• 7662 ABET
• 4894 MIDAS
• 3061 SCM
• 2212 KTS
• 2014 SAPP
• 1922 MW
• 1514 XNK
• 1268 FLN
• 794 TPC
• 298 QTV
• 253 CDZC
• 192 SEND
• 143 BTC2
• 6 DASH

These coins have been generated over the past seven days from BTC supplied to exchange support.

TOTAL WEEKLY VOLUME: 1.27277722 BTC

The post InstantBuy weekly report: 12.10.20 – 18.10.20 appeared first on Midas.Investments. Crypto investment company blog..

After a one week hiatus, the weekly Bitcoin Price Analysis articles are back! The market has been very active over the past two weeks, so there is a lot to get to! Let’s get started. 

Last week we said: 

Last week we saw a rather bearish scenario, but since the $10k level held we now see either a consolidation phase (neutral wedge) forming, or the confirmation of a bull channel. With investor sentiment neutral and/or slightly fearful, there certainly will be buyers at this price level. Combine this with extremely strong fundamentals and the bull case for BTC is quite strong at this moment. To confirm the bull channel, a return to $12k is needed. Likewise, both theories could be invalidated if BTC returns to the $10k level and fails to hold yet again. For now, it’s looking like the days of sub $10k BTC are over. 

We correctly predicted that Bitcoin was showing bullish signs, and the market has reacted accordingly – today pushing up above $11.5k! If the bullish trends continue, this could confirm that we are likely in a bull channel and that new highs are forthcoming! 

Price Analysis

In our last article, we showed a wedge forming on the 4H chart. Based off of indicators and sentiment, we saw that it was likely to break upward, which is exactly what is happening now. This move is likely to continue toward the $12k zone where it may consolidate before continuing upward. 

Zooming in on the same timeframe, we can see that the moving averages are confirming this bullish move, and all of them are inclined upward (bullish). 

The Daily chart gives us a more macro-view of the price action. As you can see, the price bounced multiple times off of the 100MA (light blue), which has acted as strong support for the bull trend. The 20MA (which acts as our short term indicator) never crossed below the 100MA, meaning that the trend is still in tact and may now resume after repeatedly testing support. All averages are still inclined upward. 

Looking at the RSI, we can see that the price has more room to grow before becoming overbought. Currently, the RSI is around 65, which is slightly overbought but not overly so. The last time BTC was at this price level, it was heavily overbought and needed to slow down and recharge. This is no longer the case. 

Investor Sentiment 

This is an incredibly bullish sign. Even with the recent move upward, the market is still “Fearful” by a significant amount – meaning that the price still has significant room to grow. Remember, we tend to take a contrarian mindset. When this reads “fear’ we buy and when this reads “Greed” we sell. 

There is more than one fear/greed index for the crypto markets. We look at more than one so that our view of the market is not biased. While these indexes sometimes agree, right now it appears that Alternative.me is slightly more greedy than BTCtools.io. Still, this confirms that the markets have not yet reached “greed” status. 

Fundamental Analysis

Bitcoin continues to post strong fundamentals, with the Hash Rate remaining near all time highs. This is good news for bulls, as a high hash rate means the inherent value of Bitcoin remains higher than market price. 

Miners revenue remains relatively low, and has actually decreased a bit over the recent spike due to transaction fees being so low. Remember, there are multiple variables that affect Miners Revenue, including the price of Bitcoin, Hash Rate, and transaction costs. Since revenue is relatively low compared to the past, either the price/transaction cost have to increase or the hash rate has to decrease – which would result from a decline in miners competition. With interest in blockchain rising, competition is unlikely to go down anytime soon – meaning that Bitcoin must continue to rise in price! 

Interesting News

CoinDesk reported last week that Square had purchased 4,709 Bitcoins ($50M) and planned to hold them as a company asset. The company said in a statement, “Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose.” This is an interesting development that is sure to catch the attention of other large tech companies, and signals that institutional interest in Bitcoin continues to rise. 

Conclusion

Bitcoin is making significant headway on the charts, and all indications are that it will continue. With bullish price action, a fearful/neutral sentiment and rock solid fundamentals paired with growing institutional investment, Bitcoin’s moon mission 2.0 looks ready to launch. 

It’s looking increasingly likey that Bitcoin is in a new bullish channel (shown in green). The key level to test is shown by the red horizontal line in the image above. If Bitcoin fails to make a convincing break above that level, it will have formed a double top and will likely consolidate before choosing a direction. A break above $12.2k would confirm the channel and a rise to $13k is likely. Likewise, the price falling below $10.5k would invalidate the channel and signal a consolidation period. 

• TLDR
• BULLISH

This article is not investment advice, and is intended only for educational and entertainment purposes. Always do your own research before making an investment decision, and consult your financial advisor. 

The post Bitcoin Price Analysis – Week of October 11 appeared first on Midas.Investments. Crypto investment company blog..

The current directions we are working on with a team. They will be highlighted deeply in the next report, or maybe even a video. But I wanted to make a mid-month update to keep you on track.

1. The MNI index will be renewed this month with potentially three new masternode coins.

It will help the profitability of index a lot by diversifying, will make it easier to scale the number of investors and overall reach much bigger audience with it. Meanwhile, MNI investors received their first transaction email, which notifies about payouts. We plan to broad those emails for different kinds of instruments on the platform.

2. The new index is coming!

Hopefully this month too. It will be much more conservative, but really effective to hold long-term. A great asset to hold in your passive income bag. We really want to explore all sorts of passive income indexes (which will be renamed too btw)

3. ERC20 tokens are coming soon.

We had to remake the deposit addresses for ERC20 so Midas would not pay thousands dollar of gas fees. This opens a bunch of possibilities for broadening Midas platform investment opportunities.

The post Mid-month update on Midas.Investments appeared first on Midas.Investments. Crypto investment company blog..

BTC sent to projects

• Midas – 0.41222558 BTC
• SINOVATE – 0.00476553 BTC
• Simulacrum – 0.00295898 BTC
• Divi Project – 0.00627731 BTC
• Simple Software Solutions – 0.00586081 BTC
• Kyanite – 0.00745068 BTC

Total BTC sent to projects for development: 0.43953919 BTC

Depending on our agreement with projects, between 0-20% of the BTC received through InstantBuy is sent to the project for development.

BTC provided for coin support on exchange

• MIDAS – 0.97251677 BTC
• SEND – 0.00665000 BTC
• BIR – 0.00142620 BTC
• KTS – 0.00957856 BTC
• COLX – 0.01026000 BTC
• BLOCK – 0.00763920 BTC
• FYD – 0.00525000 BTC
• SCM – 0.00606522 BTC
• SMART – 0.01012765 BTC
• IDX – 0.00849435 BTC
• BTC2 – 0.00193200 BTC
• XP – 0.00656552 BTC
• SSS – 0.01686307 BTC
• ETH – 0.03696530 BTC
• NRG – 0.07013466 BTC
• FUNC – 0.00035512 BTC
• KYAN – 0.03231457 BTC
• XNK – 0.00248691 BTC
• AEM – 0.00075446 BTC
• SIN – 0.01634314 BTC
• AUDAX – 0.00561636 BTC
• MW – 0.00048884 BTC

Total BTC sent to exchange: 1.22882789 BTC

Between 75-95% of the BTC spent on InstantBuy goes to exchange for buy wall price support on exchange. Coins purchased on exchange return to InstantBuy allowing us to take more sales and generate further revenue for the project and coin support.

Coins purchased from exchange and supplied back to InstantBuy

• 160142 GENX
• 156231 ESBC
• 253109 KYAN
• 31877 AEM
• 22165 SEND
• 12263 MIDAS
• 13610 XNK
• 8978 KTS
• 3448 SCM
• 73625 SIN
• 48018 LYRA
• 44224 DIVI
• 9040 BECN

These coins have been generated over the past seven days from BTC supplied to exchange support.

TOTAL WEEKLY VOLUME: 3.16482808 BTC

The post InstantBuy weekly report: 05.10.20 – 11.10.20 appeared first on Midas.Investments. Crypto investment company blog..

BTC sent to projects

• Midas – 0.23766486 BTC
• eXperience Points – 0.00326207 BTC
• Kyanite – 0.00611243 BTC

Total BTC sent to projects for development: 0.24703937 BTC

Depending on our agreement with projects, between 0-20% of the BTC received through InstantBuy is sent to the project for development.

BTC provided for coin support on exchange

• MIDAS – 1.16710782 BTC
• COLX – 0.00321250 BTC
• LYRA – 0.00312675 BTC
• SCM – 0.00494214 BTC
• SMART – 0.00432039 BTC
• IDX – 0.00611816 BTC
• XP – 0.00574627 BTC
• ETH – 0.12506091 BTC
• KYAN – 0.01888695 BTC
• FLN – 0.00000910 BTC
• SAPP – 0.00102085 BTC
• SSS – 0.00511498 BTC
• FUNC – 0.00228780 BTC
• KTS – 0.00319927 BTC
• XNK – 0.00190244 BTC
• AUDAX – 0.00567748 BTC
• SIN – 0.00362124 BTC
• MW – 0.00226415 BTC
• NRG – 0.05095791 BTC
• SEND – 0.00285000 BTC
• BIR – 0.00255000 BTC
• ASAFE – 0.00336253 BTC
• KLKS – 0.00225000 BTC
• DASH – 0.00950000 BTC
• GENX – 0.00225987 BTC
• AEM – 0.00285000 BTC
• BLOCK – 0.00285000 BTC
• YCE – 0.00285000 BTC
• FYD – 0.00225000 BTC
• BTC2 – 0.00327474 BTC

Total BTC sent to exchange: 1.45142424 BTC

Between 75-95% of the BTC spent on InstantBuy goes to exchange for buy wall price support on exchange. Coins purchased on exchange return to InstantBuy allowing us to take more sales and generate further revenue for the project and coin support.

Coins purchased from exchange and supplied back to InstantBuy

• 2228087 COLX
• 12617 KTS
• 3847 MIDAS
• 1000 NRG
• 122936 KYAN

These coins have been generated over the past seven days from BTC supplied to exchange support.

TOTAL WEEKLY VOLUME: 1.81535058 BTC

The post InstantBuy weekly report: 28.09.20 – 04.10.20 appeared first on Midas.Investments. Crypto investment company blog..

Last week we said: 

BTC is testing $10.4k, but with an imminent death cross on the local hourly chart, a retest of the 10k zone is possible if not likely. I would expect this to be a quick touch, “wicking” below the 100MA on the daily chart but closing the day above 10.4k.

Could our analysis get any better?? Once again, we hit the nail on the head with our prediction. Just like we predicted, BTC wicked down to the strong $10k support zone, reaching a low of $10,137 before rocketing above the $10.4k zone: 

After finding support in the 10.3-10.4k zone, BTC shot up again, forming a double top at $10940 and then retracing: 

Since the local top, the top cryptocurrency has been trading in the 10.6k – 10.7k range, forming a consolidation pattern and gearing up for its next move. Let’s continue our weekly analysis and try to get a leading edge on what the market will do in the coming days! 

Price Analysis

From the 4H chart we can already see that BTC is forming a wedge pattern, which in this case I would view as bullish. Since the wedge is a neutral wedge and the support is trend support, the likelihood is that it will break upward just as it did in our last wedge. Markets tend to perform in cycles. 

Another possible scenario is that Bitcoin is forming a long term bull channel on the 4H chart. This would be confirmed by a move back to the $12k price level. 

The 1D candle chart makes the bull channel even clearer, especially with the 20MA bouncing off of the 100MA as support. If BTC makes a strong move upward in the coming days, this theory could be confirmed. If not, expect a longer consolidation period. 

Investor Sentiment 

The Fear Greed Index is still showing “fear” – indicating that the market may not have topped out yet. Remember, we always trade contrary to the market sentiment. A contrarian mindset when trading can be quite profitable. Never trade out of emotion. 

Both indexes agree that the sentiment is slightly fearful. This is slightly less fearful then last week, which measured around a 39 on both sites, which should be expected since the market moved upward. Since the dials are not showing “greed” – I view this as slightly bullish. 

Fundamental Analysis 

The mining hash rate has declined a bit since last week, but is currently rebounding. Still, levels are near all time highs, which is bullish if you believe in the inherent value of Bitcoins. This means that competition for mining Bitcoins is at an all time high, and so is Bitcoin’s carbon footprint! The inherent value of BTC is directly correlated with the amount of electricity it takes to mine one (mining cost). 

Even still, compared to all time high mining revenues, currently miners are not making much. This is largely due to the block halving. Keep in mind that miners are good traders, and would sooner stop mining than sell at a loss. For BTC to return to all time high mining revenues, the price would have to nearly 5x. 

Conclusion

Last week we saw a rather bearish scenario, but since the $10k level held we now see either a consolidation phase (neutral wedge) forming, or the confirmation of a bull channel. With investor sentiment neutral and/or slightly fearful, there certainly will be buyers at this price level. Combine this with extremely strong fundamentals and the bull case for BTC is quite strong at this moment. To confirm the bull channel, a return to $12k is needed. Likewise, both theories could be invalidated if BTC returns to the $10k level and fails to hold yet again. For now, it’s looking like the days of sub $10k BTC are over. 

Always do your own research before making an investment decision. This article is for educational and entertainment purposes only. 

The post Bitcoin Price Analysis – Week of September 27 appeared first on Midas.Investments. Crypto investment company blog..

BTC sent to projects

• Midas – 0.30457456 BTC
• Fline – 0.00367267 BTC
• Beacon – 0.00280481 BTC
• Index Chain – 0.00379743 BTC
• Simple Software Solutions – 0.00896511 BTC
• FunctionCoin – 0.00518784 BTC
• Kyanite – 0.00557216 BTC

Total BTC sent to projects for development: 0.33457456 BTC

Depending on our agreement with projects, between 0-20% of the BTC received through InstantBuy is sent to the project for development.

BTC provided for coin support on exchange

• MIDAS – 1.30184765 BTC
• KTS – 0.06494709 BTC
• LYRA – 0.00163334 BTC
• ABET – 0.00007500 BTC
• SSS – 0.04815776 BTC
• ETH – 0.10170004 BTC
• TPC – 0.00001893 BTC
• FUNC – 0.01942172 BTC
• BIR – 0.00008500 BTC
• XNK – 0.00005179 BTC
• SAPP – 0.00117089 BTC
• SMART – 0.00188756 BTC
• XP – 0.00026847 BTC
• KYAN – 0.02055574 BTC
• SEND – 0.00205277 BTC
• FLN – 0.00552852 BTC
• BECN – 0.00956746 BTC
• COLX – 0.06650000 BTC
• SCM – 0.00249509 BTC

Total BTC sent to exchange: 1.64796482 BTC

Between 75-95% of the BTC spent on InstantBuy goes to exchange for buy wall price support on exchange. Coins purchased on exchange return to InstantBuy allowing us to take more sales and generate further revenue for the project and coin support.

Coins purchased from exchange and supplied back to InstantBuy

• 11771 SSS
• 254812 KYAN
• 3792 SAPP
• 2055 MW
• 359 BTC2
• 1987 DIVI
• 327 BLOCK
• 1516 SCM
• 169307 SIN
• 43969 FUNC
• 31897 KLKS
• 8737 KTS
• 1315 FLN

These coins have been generated over the past seven days from BTC supplied to exchange support.

TOTAL WEEKLY VOLUME: 3.01242328 BTC

The post InstantBuy weekly report: 21.09.20 – 27.09.20 appeared first on Midas.Investments. Crypto investment company blog..

Last week we said: 

With BTC continuing to bounce, the deciding factor will be if it can break the $10.8 – 11k resistance zone. After that, $12k is the ceiling before breaking new ground. If BTC fails to break resistance, it will retest support at $10k. 

This is EXACTLY what happened! Bitcoin moved up and tested the 10.8-11k resistance and failed to break the key level. Effectively this created a “lower-high” in the charts, which is a short term bearish signal. As such, the price has retraced and is currently trading around $10.4k, just as we predicted. Let’s take a look at what the charts are telling us this week and try to determine market direction. 

This article is educational in nature and should not be taken as financial advice. Do your own research before making any investment decision. 

Price Analysis

Bitcoin has corrected from last week’s high of $11k, but has found a temporary support around $10.4k. It’s decision time for Bitcoin. Support levels are at 10.4k, 9.8-10k, 9-9.2k, 8.5k, 7.2k, and then 5.5k. If Bitcoin fails to hold at 10.4k, a drop to the psychological level of 10k is likely, followed by trend support at 9k. Failing to hold 9k would be a confirmation that the bull market is over, and we are likely in a bear market. Failure to hold 10k would mean an extended period of consolidation is the most likely scenario. 

The Daily candle chart is very telling of the current situation. It’s a make or break moment for BTC. As you can see, the 20MA (dark blue) is pending a bearish cross over the 100MA (yellow), which would signal a shift into consolidation. Right now, the 100MA line is acting as strong support, as it did in early September with multiple retests. Below this is the 200MA (light blue), which is our trend support. Specifically, this support is at 9.2k, but wicks to the 9k level are possible if this level faces testing. 

The hourly chart also shows a rather bearish scenario, with a death cross imminent. The 20MA has already crossed below the 200MA, and the 100MA is about to cross as well. This confirms a short term bearish trend, meaning that a retest of 10k is likely, but not guaranteed. 

Investor Sentiment

Taking a contrarian mindset can be quite profitable as a trader. By taking positions opposite to the overwhelming sentiment in the market, we will be in a good position when the market inevitably changes. As such, when these indicators give off a reading of “Fear” or “Extreme Fear” – we see it as a buying opportunity. The famous quote by Baron Rothschild, a British nobleman and banker from the 19th century says, “Buy when there’s blood in the streets, even if the blood is your own.” 

Both indexes agree that the markets are moving toward “fear”. While we see this generally as bullish, there is still plenty of room underneath before the fear becomes ripe enough to swing trade. Enter positions with caution. 

Fundamental Analysis

The fundamentals are actually showing a glimmer of hope for BTC despite the impending bearish price action. 

The Hash rate is still at an all time high, meaning mining is still rife with competition. 

Combined with relatively low transaction fees, miners revenue is still close to yearly lows. Remember, miners are good traders and as such they will not sell at a loss. If the hash rate is high, the cost to mine 1 BTC means that the inherent value of BTC is still high. Smart miners are not selling rewards right now. This is bullish for BTC. 

Analysis

Like we said, BTC is testing $10.4k, but with an imminent death cross on the local hourly chart, a retest of the 10k zone is possible if not likely. I would expect this to be a quick touch, “wicking” below the 100MA on the daily chart but closing the day above 10.4k. Failing to do this would indicate that a retest of the trend support at 9.2k is likely, followed by a long-term consolidation phase.  

TLDR

• Short Term: Bearish
• Medium/Long Term: Neutral 

The post Bitcoin Price Analysis – Week of September 20 appeared first on Midas.Investments. Crypto investment company blog..

BTC sent to projects

• Midas – 0.14125993 BTC
• SINOVATE – 0.00614761 BTC
• eXperience Points – 0.00265535 BTC
• Simple Software Solutions – 0.00647697 BTC
• Kyanite – 0.02564285 BTC

Total BTC sent to projects for development: 0.18218271 BTC

Depending on our agreement with projects, between 0-20% of the BTC received through InstantBuy is sent to the project for development.

BTC provided for coin support on exchange

• MIDAS – 0.49860362 BTC
• AEM – 0.00346370 BTC
• BTC2 – 0.00002942 BTC
• XP – 0.02688221 BTC
• ETH – 0.03582876 BTC
• FUNC – 0.03513692 BTC
• KYAN – 0.10708136 BTC
• BECN – 0.00167899 BTC
• BLOCK – 0.00005432 BTC
• MW – 0.00362323 BTC
• DIVI – 0.13358946 BTC
• ABET – 0.00171140 BTC
• SIN – 0.01808439 BTC
• DASH – 0.00503491 BTC
• SCM – 0.00005089 BTC
• IDX – 0.00069240 BTC
• SSS – 0.00975001 BTC
• BIR – 0.00309312 BTC
• FLN – 0.00002039 BTC
• SEND – 0.01042621 BTC
• KTS – 0.00912346 BTC
• TPC – 0.02582255 BTC

Total BTC sent to exchange: 0.92978173 BTC

Between 75-95% of the BTC spent on InstantBuy goes to exchange for buy wall price support on exchange. Coins purchased on exchange return to InstantBuy allowing us to take more sales and generate further revenue for the project and coin support.

Coins purchased from exchange and supplied back to InstantBuy

• 87080 SEND
• 302338 KYAN
• 27017 DIVI
• 923929 XP

These coins have been generated over the past seven days from BTC supplied to exchange support.

TOTAL WEEKLY VOLUME: 3.60863389 BTC

The post InstantBuy weekly report: 14.09.20 – 20.09.20 appeared first on Midas.Investments. Crypto investment company blog..

We are starting the next phase of product interviews with our investors. The concept is really simple: the best way to develop the product that you need is to talk directly with you.

Therefore I will arrange a series of private 1 on 1 calls with investors. During the interview I will be asking about your way in crypto and your usage of Midas. Together we can highlight all potential features you want to have and all problems you see now. Usually, one call takes one hour.

We will use received insights to prioritise development and create a new stuff. The talk is completely private and for Midas use only. Besides helping Midas to become the better platform for your needs, you can ask any questions related to the platform and vision.

Since there are not so many available slots, I will have a small requirements for investors to arrange a call:

1. Registered less than 5 months ago (we want to take feedback from the new users to update our view on investors goals);

2. Three different assets on the platform;

3. More than $500 total in shares;

4. We did not have a call before.

If you are viable for this requirements and wish to chat with me a little, then dm me your platform nickname and available time and dates. Cheers

P.S. Roadmap video is coming today.

The post Looking for some investors for a 1-on-1 product interview appeared first on Midas.Investments. Crypto investment company blog..