Find Out What Your Business Is Worth - Tyler Tysdal
Find Out What Your Business Is Worth - Tyler Tysdal was originally published here https://topmagazinwire.tumblr.com/post/647874404182867968
Find Out What Your Business Is Worth - Tyler Tysdal
Freedom Factory - Knowing What Your Business Is Worth Puts You Squarely In Control
One of your objectives in offering your business is to guarantee you will be able to market it at the highest possible price feasible. To do this, you need initially to learn what your business is worth. Fortunately, there are conveniently offered business valuation calculators online. Nevertheless, you have to beware as not every one of them can offer a near the excellent quote. Keep away from complicated business valuation calculators. Make use of basic business valuation calculators, something that would certainly make you conveniently recognize the value of your business. Listen to the podcast here https://directory.libsyn.com/episode/index/id/14484014 Using industry-accepted business valuation techniques like the revenue technique, Transworld examines your business along with current market and worth factors to determine its fair market worth. 2 of the most typical business valuation solutions start with either yearly sales or yearly profits, multiplied by a sector multiple. The asset-based valuation technique is generally utilized for determining the rate of default businesses and liquidations, as well as not for healthy and balanced firms. There are numerous various means you can identify the valuation of a company, consisting of the worth of the properties, the valuation of comparable organizations as well as the dimension of the projected future money flow. As a result of this, no online valuation calculator could ever before give a precise depiction of what a company is worth. This approach uses a company’s future money moves to attempt as well as exercise just how much it’s worth in the below and also now. Email or Call Tyler Tysdal at Freedom Factory for a free business valuation. Freedom Factory 5500 Greenwood Plaza Blvd., Ste 230 Greenwood Village, CO 80111 Phone: 844-MAX-VALUE (844-629-8258) https://www.freedomfactory.com/ https://g.page/freedom-factory-denver Tyler Tysdal https://www.facebook.com/tylertysdalbusinessbroker/ https://www.youtube.com/channel/UCIlOFFMqyOo1CjtA0Uwp4qw https://tricitydaily.com/tyler-tysdals-freedom-factory-teaching-entrepreneurs-secrets-of-selling-their-business-for-maximum-value/
Increasing stock market volatility drags Bitcoin and altcoin prices lower
The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond.
Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation.
Despite major BTC purchases by MicroStrategy, Tesla and MassMutual, a majority of institutional investors still have security and tax treatment concerns that prevent them from investing in Bitcoin, according to Galaxy Digital co-president Damien Vanderwilt.
Institutional investment has been a significant source of optimism in the cryptocurrency sector in 2021, but its influence in helping BTC reach a market cap of $1 trillion may be overstated as recent analysis shows that stablecoin whales and retail traders still hold the most buying power.
On Feb. 25, the interest rate for the 10-year U.S. Treasury spiked to 1.52%, its highest level in over a year.
According to Chad Steinglass, Head of Trading at CrossTower, the move led to market-wide pressure that pushed the “GBTC premium down as low as negative 6% and it closed around negative 2% today.” The analyst sees interest rate volatility as a major source of market volatility, as the long end of the curve steepens while the U.S. dollar is pushed lower.
Cryptocurrencies fell under increased pressures as equity markets deteriorated throughout the day, possibly due to a “scramble for liquidity” resulting from traders “pushing up against margin calls and needing to free up cash.”
“I interpret the GBTC premium collapse as a sign that either retail is dumping to free liquidity, or large fund holders like ARKW are seeing outflows, which causes them to sell GBTC along with everything else.”
The 10-year Treasury yield pulled back .0582 basis points to 1.46 on Feb. 26, marking a 3.82% decrease from its high on the previous day. This leadi to a choppy day in the markets which saw the major indices close mixed.
The NASDAQ finished the day up 0.56%, recovering some of its losses from the 3.5% drop on Feb. 25. Meanwhile, the S&P 500 and DOW finished the day in the red, down 0.48% and 1.51% respectively.
A majority of the top cryptocurrencies also took on sharp losses on Friday, with the exception of Cardano (ADA), which became the third-ranked cryptocurrency by market cap after its price broke out to a new all-time high at $1.29. The current excitement for the altcoin appears to be connected to the upcoming ‘Mary’ mainnet launch scheduled for March 1.
Basic Attention Token (BAT) has also battled back against the market sell-off to post a 6.43% gain following the Feb. 23 announcement of the upcoming Brave Decentralized Exchange (DEX).
Ether (ETH) price is down 7.19% and trading below $1,500, while Binance Coin (BNB) has dropped 8.36% to $224.14
The overall cryptocurrency market cap now stands at $1.533 trillion and Bitcoin’s dominance rate is 61.3%.
Title: Increasing stock market volatility drags Bitcoin and altcoin prices lower
Sourced From: cointelegraph.com/news/increasing-stock-market-volatility-drags-bitcoin-and-altcoin-prices-lower
Published Date: Fri, 26 Feb 2021 23:02:39 +0000
Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here
Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows.
Compiled by on-chain analytics resource Whalemap, statistics covering BTC buys of between $5 million and $7 million conclude that even at recent all-time highs, Bitcoin was far from a “macro top.”
During the 2017 and shorter 2019 bull market, Bitcoin saw mass buy-ins of a similar size — $5-7 million.
When investments of that amount hit a peak, price action began to reverse, signalling the start of consolidation or a heavier retracement.
According to Whalemap, cash injections in that area have been far from their previous peaks this year, indicating that the current correction will likely be temporary and on par with BTC’s typical corrections during a bull run.
“Previous macro tops have occurred when thousands of transactions worth 5 to 7 million dollars each were flooding the blockchain. True FOMO,” researchers tweeted on Feb. 25.
“Currently, no such FOMO in sight for BTC.”
The expectation of further buy-ins supports existing data that came to light this week, notably from Coinbase Pro, which has seen multiple tranches of over 10,000 BTC leave its books for private or custody wallets.
The first negative premium on the Grayscale Bitcoin Trust (GBTC) since early 2017 may also point to the conclusion that the 2021 bull cycle still has a lot more room to run.
“Another significant Coinbase outflows at 48k. US institutional investors are still buying $BTC,” Ki Young Ju, CEO of fellow monitoring resource CryptoQuant, tweeted on Friday.
“I think the major reason for this drop is the jittering macro environment like the 10-year Treasury note, not whale deposits, miner selling, and lack of institutional demand.”
The start of the turnaround maybe sooner than many think. In his latest analysis, pseudonymous cryptocurrency trader Rekt Capital eyed the 4-hour BTC/USD chart for proof of a turnaround.
“Pulls back but still holds the wick-to-wick Higher Low. Turn $46720 in to support (black) and BTC will move higher. Strong bullish divergences on the 4HR are appearing as well,” he commented alongside an annotated screenshot of the chart.
Speaking to Cointelegraph, the Whalemap team noted that short-term the spent output profit ratio (SOPR) — which tracks overall market profit and loss — was indicating that a deeper sell-off is off the cards, at least for now.
“Hourly SOPR shows potential for at least a short term bounce,” they said.
Friday further sees a major expiry event on Bitcoin options, something which has dictated temporary downward pressure on BTC in the past.
The day’s low of $44,150, some say, was merely an attempt to suck up liquidity before the next leg higher.
“Yes, market dumped after ‘mega-whales’ sold into the rally (as warned), but since then, they have been buying dips!” the creator of exchange orderbook data analysis service Material Indicators observed.
“With stonks uncertainty, I don’t know how many more dips there will be, but they’re being bought!”
That “uncertainty” is being exacerbated by concerning trends in bond yields, Cointelegraph reported this week, with behavior seen as similar to before the Global Financial Crisis of 2008.
Title: Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here
Sourced From: cointelegraph.com/news/bitcoin-price-macro-top-not-so-fast-data-shows-the-real-fomo-isn-t-even-here
Published Date: Fri, 26 Feb 2021 12:04:10 +0000
Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Since the start of 2021, Bitcoin (BTC) price has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high at $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC’s price can still vary greatly depending on geography.
This raises an intriguing question. How can Bitcoin price simultaneously trade at $53,047 in Malaysia, $49,727 in Singapore, $51,133 in India, and over $86,000 in Nigeria? Is the reason simply a temporary imbalance between buyers and sellers, taxes, regulations? Or is there something else at play?
As shown in the chart below, there really isn’t a set price for BTC as nearly every country has its own digital asset valuation.
At any given time, cryptocurrency prices will differ between countries, even after adjusting the currency rate. Indeed, some additional buying or selling pressure could create discrepancies, but that should not be continuous and steady.
This phenomenon isn’t something new or exclusive to cryptocurrencies, however. Exxon Mobil stocks, for example, are traded in the United States, Russia, Argentina, Germany, Mexico, and Switzerland markets.
While there may be different reasons for the friction including bureaucracy and nation-specific laws, they’re basically the same asset. Nevertheless, their prices usually differ after adjusting for currency exchange rates.
Unlike stocks, however, transferring cryptocurrencies usually takes less than an hour, and it doesn’t depend on custodians and depositary receipt administrators. Therefore, bureaucracy can not be the reason for the big price differences for Bitcoin, which is borderless.
On the other hand, suppose one just bought BTC in the U.S. or Europe and is willing to sell it in Argentina to profit from the 6.5% difference. Even if there were no trading fees involved, the result would be the local currency, Argentine Pesos ARS.
Things get more complicated though, as one will need to convert this fiat money back to USD or EUR. There might be domestic restrictions, taxes, or even worse, a different currency rate for foreigners. Moreover, traditional currency remittances don’t take place on weekends and usually take one or two business days.
Not surprisingly, the countries with the highest BTC valuations consistently score low on investment and financial freedom global rankings. Barriers and taxes created by strict government controls translate into additional risks and costs for the fiat conversion and remittance. This all contributes to the premium seen versus the remaining countries.
Extreme capital control situations such as the Nigeria Central Bank recently shutting down all cryptocurrency-related bank accounts could be behind the current 70% premium versus global BTC markets. But Nigeria likely has the highest premium in the world because this country, in particular, is also the leader when it comes to Bitcoin adoption, based on the latest data.
#Bitcoin Price is now $80,000 in Nigeria – a 60% premium.
That’s what happens when you try to ban something people want.
— Bitcoin Archive (@BTC_Archive) February 18, 2021
Eventually, arbitrage traders will find a solution to bypass sanctions, and the price gap should tighten. But right now, there is no effective way to “profit” from the arbitrage.
For those wondering what would cause Bitcoin to trade below most liquid markets such as the U.S., there is no definitive answer. It is most likely some regulatory hurdle for depositing fiat money on local exchanges, thus creating an imbalance favoring the sell-side.
The negative premium is less common, however, and stablecoins could be used to mitigate this effect. Meanwhile, when a hefty premium is seen in local fiat currency, it does not justify a similar price gap for dollar-denominated stablecoin trading.
Thus, such differences in pricing across various countries represent the risks, red tape, taxes, and inefficiencies of converting fiat between currencies and sending fiat money across borders.
author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Title: Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Sourced From: cointelegraph.com/news/why-is-bitcoin-86k-in-nigeria-here-s-why-the-btc-premium-is-huge-in-some-countries
Published Date: Fri, 26 Feb 2021 13:30:00 +0000
Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
Bitcoin (BTC) hit fresh local lows on Feb. 26 despite what appear to be ongoing largescal institutional buy-ins.
Data from Cointelegraph Markets and TradingView showed BTC/USD $44,150 during Friday trading — last seen two weeks ago — after a rebound to $50,000 fizzled overnight.
Bitcoin had seen good news in the form of asset manager Stone Ridge planning to become the first Bitcoin mutual fund, along with major corporate purchases from MicroStrategy and Square. These, however, failed to stem the bearish mood, with 24-hour losses standing at near 10% at the time of writing.
“Everyone wants 42k, so we probably just go up now or drop to 38k on a savage wick. Crowd rarely gets what it wants,” popular trader Scott Melker summarized on Twitter.
Cointelegraph Markets analyst Michaël van de Poppe had prevously forecast ultimate support lying at around $38,000 should Bitcoin not find buying volume at higher levels.
“Bitcoin doesn’t look too great for a bull continuation coming period,” he said on Thursday.
“Still, retest at $54,000-55,000 could happen, but I’m cautious when we get there. If we lose $47,000, then I’m looking at $42,000-44,000 and $37,000-38,500 next. That should be the low.”
Data from the professional trading arm of U.S. exchange Coinbase meanwhile showed another major tranch of BTC leaving its books for a private or custody wallet — something which traditionally suggests institutional buying.
The latest spike of 12,100 BTC is the second this week, such large volumes themselves being a rarity, a fresh chart from on-chain monitoring resource CryptoQuant confirms.
The so-called “Coinbase premium,” the difference in price between Coinbase and Binance, flipped to negative for several brief moments as Bitcoin dropped to nearly $44,200.
As Cointelegraph reported citing CryptoQuant, whales appear to favor buying at current price levels, with the result that a dip much below $44,000 would be “unlikely,” according to CEO Ki Young Ju.
On Thursday, Ki described the last Coinbase Pro spike, which occurred at $48,000, as “the strongest bullish signal” he had yet seen in Bitcoin.
Title: Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
Sourced From: cointelegraph.com/news/bitcoin-price-nears-44k-as-large-coinbase-outflows-fail-to-stop-the-sell-off
Published Date: Fri, 26 Feb 2021 08:54:16 +0000
6M noobs have bought coins on Robinhood Crypto already in 2021
Retail-focused trading app Robinhood has revealed the number of new monthly customers buying from its crypto platform this year is 15 times the 2020 average.
According to the company’s new report, “Crypto Goes Mainstream,”more than three million new users purchased from Robinhood Crypto in January, with more than 2.9 million new users having bought crypto during February so far. As such, Robinhood Crypto’s user base has expanded by 6 million in 2021 so far.
By contrast, the platform revealed the largest number of new users transacting on Robinhood Crypto last year was 401,000 in July — when trade activity surged in the lead-up to Bitcoin’s third block reward halving.
The average number of monthly new crypto traders on Robinhood was roughly 200,000 last year. The report also notes an average transaction size of roughly $500 on the platform, an 100% increase when compared to the first three quarters of 2020. The report concluded:
“The numbers are clear: 2021 has started with a crypto bang.”
Robinhood is looking to further expand its crypto services, revealing plans to offer deposits and withdrawals for crypto assets in a Tweet last week.
This year has been an explosive one for Robinhood, with the platform finding itself at the center of controversy after suspending trade in both Dogecoin and stocks that were being pumped by the now infamous Reddit group, r/WallStreetBets, during January.
Last week’s congressional hearings on the incident saw representatives of the U.S. House Financial Services Committee scrutinize Robinhood’s business model — with the platform’s move to suspend trading in GME shares apparently prompted by the platform falling short of its collateral requirements by $3 billion amid the orchestrated pump.
However, Robinhood CEO Vlad Tenev has blamed its collateralization issues with U.S. Securities and Exchange Commission regulations mandating a two-day settlement period after trades are executed.
Title: 6M noobs have bought coins on Robinhood Crypto already in 2021
Sourced From: cointelegraph.com/news/6m-noobs-have-bought-coins-on-robinhood-crypto-already-in-2021
Published Date: Fri, 26 Feb 2021 02:26:49 +0000
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