In today’s hot Crypto Duel, Eric Crown and Jacob Canfield reveal what they’ve bought with Bitcoin, why Facebook launched Facebook Pay after Libra’s fail, how the upcoming halving will affect Bitcoin’s price, what will Bitcoin’s price be by the end of 2019, and whether it will have reached $250K by 2023. Additionally, watch Jacob Canfield talk about how to make money trading altcoins and Eric Crown compare it to trading drugs. Plus, we take a look at some technical charts to understand why Eric Crown does not feel bullish about Bitcoin.
Eric Crown’s YouTube Channel: http://bit.ly/2YVZc2i
Jacob Canfield YouTube Channel: http://bit.ly/2QnUFV9
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Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.
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In this Crypto Duel:
0:47 Why doesn't Eric Crown buy anything with Bitcoin?
1:27 How Jacob Canfield bought a sh**ty, $200K mattress with Bitcoin
2:36 Why Jacob Canfield pays his employees in Bitcoin
4:03 Will Bitcoin hit $250K by 2023?
4:27 Jacob Canfield: Why is American Express better than Bitcoin?
5:19 What is the probability of Bitcoin hitting $106K in 2023
7:06 Eric Crown: Bitcoin will trade at $50K–$100K by 2023
7:25 Canfield–Fibonacci extensions: Bitcoin will have hit $31K by the end of 2020
11:07 What are the growth drivers for Bitcoin?
12:55 Jacob Canfield: Bitcoin is still a speculative asset
13:25 Eric Crown: Retail is worthless, adoption comes from institutions
14:30 Eric Crown: Retailers will be the last to join the game — once Bitcoin is fully operational
15:23 What will Bitcoin eventually become: a crypto asset or a currency?
15:55 Jacob Canfield: Satoshi can act as an everyday dollar
17:15 Jacob Canfield: Bitcoin is not a good medium of exchange
17:43 Facebook Pay launch: How will it affect the crypto space?
18:14 Jacob Canfield: Facebook f***ed up by introducing Libra ahead of Pay
19:25 Facebook needs to rebuild trust before launching its cryptocurrency
20:28 Eric Crown: Libra is not cryptocurrency
20:44 Eric Crown: Facebook tricked everyone with Libra to clear the way to Pay
21:40 Eric Crown: Positive things with Libra were correlated with Bitcoin uptick
23:30 How will halving affect Bitcoin's price?
24:08 Eric Crown: Halving is already priced in the Bitcoin's price
24:30 Eric Crown: Don't expect the upcoming halving to skyrocket Bitcoin's price
25:35 Eric Crown: Halving will bring huge losses for miners
26:40 Jacob Canfield: Bitcoin halving will repeat Litecoin's fate — the price will smash
27:29 Jacob Canfield: To understand Bitcoin, look at the oil market
29:20 Jacob Canfield: Bitcoin costs $5K–$6K to mine on average across the globe
30:41 How will Bitcoin finish 2019?
32:09 Eric Crown: Bitcoin will trade in the range of $7.5K–$10K within next 3 months
41:28 Jacob Canfield: I make money by trading altcoins
41:54 Eric Crown: Trading altcoins is the same as trading drugs
42:30 Eric Crown: The lack of liquidity is a major problem for altcoin traders
43:59 Eric Crown: You can get altcoin returns with Bitcoin
44:20 What does the altcoin market have that Bitcoin doesn't?
45:58 Jacob Canfield: First-time traders should not trade sh**coins with <25BTC volume
46:38 Jacob Canfield: Bitcoin is a safer trade based on liquidity
56:51 Eric Crown's recent price actions: look at the technical analysis charts
58:10 Eric Crown: All the death crosses through 2018 were very good
1:03:21 Bitcoin volume-weighted average price (VWAP) ratio
1:08:30 Eric Crown: I don't see any reason to be bullish on Bitcoin
1:09:06 Jacob Canfield: I have been publicly short since the $9,900 level
1:09:48 Jacob Canfield's technical analysis of Bitcoin’s recent movements
mr moustache
Missed a ton of censors lmao
Someone pull that mustache of the host, it's giving me the creeps
Shave that moustache
That guy on the left doesn’t know how to trade crypto
The 2 greatest minds in crypto trading?? Hell yeah!
The elephant in the room is stable coins.
guy in a stretched out t shirt is telling me about arbitrage at levels of money he will never see lul
This whole “matchup” gimmick is entirely unnecessary. In fact, there’s little they disagree with to actually promote this “duel”
Best Combo EVER
awarded: worst facial hair for a host.
Crown is so right and realistic and true to all this shit !
He reminds me of that guy that wore a fake stache on the movie Hot Rod cuz he couldn´t grow one
Who want's a mustache ride?