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Bitcoin Price to Find its Bottoms at $6000 Says Peter Schiff, This is When BTC May Hit These Levels

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The post Bitcoin Price to Find its Bottoms at $6000 Says Peter Schiff, This is When BTC May Hit These Levels appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Peter Schiff, a popular Bitcoin opponent seems to be in a joyful mood nowadays as the predictions of a massive BTC price crash are now being accomplished. The economist and the global strategist previously had warned multiple times about the upcoming turmoil within the crypto space that may drag the Bitcoin price to $10,000. In a recent update, the founder of SchiffGold.com conveyed to his 755K followers that the BTC price is yet to hit its bottom.

The economist, a couple of hours before has suspected an unusual activity with the Grayscale Bitcoin Trust. The trust was trading at a new record at a 35% discount to NAV, where-in Bitcoin did not participate. And hence believes a larger seller of Grayscale-BTC(GBTC) may exist which is not a good sign for the asset. 

Peter Schiff had warned much before BTC prices sliced through the pivotal support levels at $20,200. And now when the asset has broken down these levels, more dreadful days may be fast approaching. As per him, the BTC price could drop to the lowermost support line which is just below $10,000 very soon. 

However, BTC’s price slumped hard below 2017 highs and also marked new lows below $19,000. No doubt the price remains elevated slight at the moment, but the bottoms are still not in yet. 

The founder believes that when Bitcoin’s (BTC) price has marked its lows below $18,700, the 2017 peak which was acting as support is eliminated. And as there is no strong support between $10,000 to $18,000, the prices are likely to fall below $10K soon. Therefore, marking short-term support along the lower trend line at around $6000. 

Executing on-chain functions using react moralis

I’m trying to convert my dapp from vanilla js + html (local hardhat node) to react-moralis + nextJS (local hardhat node). Here is an example of a contract function call from the front-end. This code should create a new Event entity using provided params and ask for some gas in metamask. I hardcoded the params::Listen

I’m trying to convert my dapp from vanilla js + html (local hardhat node) to react-moralis + nextJS (local hardhat node).

Here is an example of a contract function call from the front-end. This code should create a new Event entity using provided params and ask for some gas in metamask. I hardcoded the params for now but when I call the function through an onClick on a button, metamask doesnt pop up:

import { useWeb3Contract } from "react-moralis" import contractAddresses from "../constants/contractAddresses.json" import abiEvent from "../constants/abiEvent.json" import { useMoralis } from "react-moralis"  export default function CreateMatch() {     const teamName1 = "t1"     const teamName2 = "t2"     const teamName3 = "t3"     const eventDate = "090909"     const matchPlace = "msk"     const matchFinished = false     const matchBets = []     const { Moralis, isWeb3Enabled, chainId: chainIdHex } = useMoralis()     const chainId = parseInt(chainIdHex)       const universalContractAddress = chainId in contractAddresses ? contractAddresses[chainId][0] : null      const eventOptions = {         abi: abiEvent,         contractAddress: universalContractAddress,         functionName: "createMatch",         params: {             teamName1, teamName2, teamName3, eventDate, matchPlace, matchFinished, matchBets         },     };      const { runContractFunction, isFetching, isLoading } =         useWeb3Contract();      const { runContractFunction: createMatch } = useWeb3Contract();      return (         <div>Hi from CreateMatch             <div>                 <button                     onClick={() => runContractFunction({ params: eventOptions })}                     disabled={isFetching}                 >                     CreateMatch                 </button>             </div>         </div>     ) } 

and here is the contract that the code is intercating with:

 pragma solidity 0.8.7;  contract Event {     uint256 public matchCount = 0;     mapping(uint => Match) public matches;      struct Match {         uint256 matchId;         string homeTeam;         string awayTeam;         string drawTeam;         string matchDate;         string place;         bool finished;         address[] userList;     }      function createMatch(         string memory homeTeam,         string memory awayTeam,         string memory drawTeam,         string memory matchDate,         string memory place,         bool finished,         address[] memory userList     ) public {         matches[matchCount] = Match(             matchCount,             homeTeam,             awayTeam,             drawTeam,             matchDate,             place,             finished,             userList         );         matchCount++;     } } 

What am I doing wrong? Thanks in advance for your time!

Bitcoin Price to Find its Bottoms at $6000 Says Peter Schiff, This is When BTC May Hit These Levels

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