Cointelegraph Consulting: Inactive Bitcoin supply on the move as price volatility increases

admin - Dezember 29th, 2020

Keine Kommentare zu Cointelegraph Consulting: Inactive Bitcoin supply on the move as price volatility increasescomments

The growing conflict between regulators and digital currencies does not seem to be holding back BTC price action.

In a period full of festivities, the crypto coin industry refused to take a day off. The good market performance of Bitcoin (BTC) and some other high profile altcoins such as Ether (ETH), was offset by the legal action against Ripple by the US Securities and Exchange Commission. In response, several well-known exchanges, including Coinbase, Crypto.com and FalconX responded by stopping trading or deposits of the XRP token.

Top 5 Latin American Bitcoin, Cryptcoin and Blockchain Bitcoin Union Events in 2020
Santiment’s latest findings, published in the biweekly newsletter Cointelegraph Consulting, indicate that the balance of wallets that have not moved BTC for a period of 365 days has become more active. Between 13 and 20 December, more than 146,620 BTCs (approximately USD 3.9 billion at the time of writing) that fit this description moved in the block chain, marking their highest weekly volume since July 2019.

These long term investors tend to trade based on extensive analysis or intimate knowledge of the market, so the intense spikes in Bitcoin’s dormant holdings tend to be more indicative of large changes in market conditions and temporary price volatility.

Altseason and the $30,000 sight price: 5 things to keep in mind about Bitcoin when 2020 ends
Still, with Coinbase’s IPO just around the corner, and the large number of purchases by institutional investors, it does not seem unreasonable to expect conditions to remain positive in 2021. Many investors were considering a „Christmas dump“ as USD 2.3 billion in Bitcoin option contracts expired on Christmas Day, the largest amount in a single day. With this event now in the past, many investors are now optimistic that the 2020 momentum will continue next year.

Read the full newsletter for more news and analysis, with detailed graphics and images.

Top or $30,000 low-off? Traders speculate on the fate of Bitcoin ahead of the year’s end
Cointelegraph’s Market Insights newsletter shares our knowledge about the fundamentals that drive the digital asset market. With the market intelligence of one of the industry’s leading analysis providers, Santiment, the newsletter is immersed in the latest data on social media sentiment, on-chain metrics and derivatives.

Categories: Bitcoin

Bitcoin back on track: S2F model still predicts $ 100,000

admin - Dezember 17th, 2020

Keine Kommentare zu Bitcoin back on track: S2F model still predicts $ 100,000comments

Bitcoin is back on track at $ 100,000, data shows.

Bitcoin ( BTC ) follows the price forecasts pretty closely and is now offering investors profits in this bull cycle, according to the well-known analyst PlanB.

In a tweet on December 17 , the creator of the stock-to-flow rate model stated that Bitcoin’s growth in its current halving cycle is going as planned.

BTC price hits $ 23,562 stock-to-flow model forecast

Despite the tremendous volatility this week, the stock-to-flow model can predict the rate at which the Bitcoin price will change over longer periods of time.

Critics have argued that Bitcoin Superstar cannot replicate its behavior from the last bull cycle, especially 2017, and that gains would not be as strong this time around. It would also take longer for them to materialize.

If you compare the development since May (the day of the third Bitcoin halving ) with the development after the first and second halving in 2012 and 2017, this year could not be more exemplary, according to PlanB.

„Rest in peace ‚longer cycles‘ and ‚dwindling gains'“, as he summarized with a new chart.

Bitcoin’s run to a high of over $ 23,000 has ensured that it is now precisely following the forecast of the stock-to-flow model. At just under $ 20,000, the BTC / USD pair was actually below expectations when compared to the model’s predictions.

As Cointelegraph reports , however, Bitcoin already outperformed its development in November as part of the halving of 2016.

The different versions of the stock-to-flow model forecast a Bitcoin price between 100,000 and 576,000 US dollars by the end of the current halving cycle in 2024. The BTC / USD pair had exactly the daily forecast on Thursday at 23,562 US dollars of the original model.

Erb: Bitcoin „fair price“ is $ 12,000

More and more institutional financiers share this view and are investing their money to prove it.

This week, One River Asset Management announced plans to increase its Bitcoin and Ether ( ETH ) holdings to over $ 1 billion by early 2021. Guggenheim has reserved the right to invest part of its own capital in BTC. The company said fair value for bitcoin was $ 400,000 . That’s 1,600 percent more than Thursday’s all-time high.

Only a few people still back the bear. Among them is Claude Erb, the asset manager who wrote the book „The Golden Dilemma“. In it he argues against the use of the precious metal as a hedge against unexpected inflation.

In a new report titled „Bitcoin is just like gold except when it isn’t,“ Erb creates a new price model loosely tied to the network effect. He calculated a maximum theoretical value of 74,000 US dollars per bitcoin.

„Bitcoin has no track record as an inflation hedge, a store of value and a safe haven,“ the executive summary reads.

„The Bitcoin course can be broken down into a questionable, fair ‚Bitcoin network‘ course and a fair course deviation. Bitcoin and gold are about 50 percent above their ‚fair price‘.“

Categories: Bitcoin

10-årsjubileet för Bitcoin Creators försvinnande

admin - Dezember 14th, 2020

Keine Kommentare zu 10-årsjubileet för Bitcoin Creators försvinnandecomments

För 10 år sedan idag var Bitcoins anonyma skapare, Satoshi Nakamoto, senast aktiv online. Ingen vet vad han har gjort sedan dess.

Den 12 december 2010 publicerade Bitcoins anonyma skapare för sista gången på BitcoinTalk-forumet.
Ingen har sett eller hört från honom sedan dess.
Det finns ett antal anledningar till att Bitcoins skapare vill vara anonym.

För 10 år sedan idag var Bitcoins anonyma skapare aktiv för sista gången på ett Bitcoin-forum. Ingen har hört från honom sedan dess.

Satoshi Nakamoto (som kan vara en man, kvinna eller en grupp människor – ingen vet det riktigt) gjorde sitt sista inlägg den 12 december 2010, innan han loggade av nästa dag för att aldrig återvända till onlinevärlden.

Pete Rizzo, redaktören för kryptovalutautbytet Krakens webbplats, gjorde observationen på Twitter lördag. „För 10 år sedan idag gjorde Satoshi sitt sista inlägg i BitcoinTalk-forumet“, skrev han.

Varför har Bitcoin-uppfinnaren Satoshi Nakamoto varit anonym?

Under sin decenniets plus livslängd har Bitcoin gått från att vara en nischbesatthet hos en grupp cypherpunks på anslagstavlor till en av världens största valutor.

Nakamotos sista inlägg den 12 december handlade om att förhindra Denial-of-Server (DoS) -attacker mot Bitcoin-nätverket.

Tio år senare och Bitcoins pris har berört nya höjder – delvis tack vare investeringar från institutionella investerare och godkännande från högt profilerade företag. Men killen bakom tekniken finns ingenstans.

Skaparen av världens största kryptovaluta har alltid varit anonym, och även om det har funnits många teorier genom åren om vem han kunde vara, är hans identitet och var han fortfarande är okänd.

BTC-pris

En sak är dock säker, han har gjort ett mycket bra jobb för att hålla sin identitet ett helt mysterium.

Beeple, en bildkonstnär, säljer icke-fungibla tokens – unika blockchain-samlarföremål – på Nifty Gateway hela helgen.
Tre öppna utgåvor av NFT genererade $ 582 000 på bara fem minuter, enligt webbplatsen.
Winklevoss tvillingarna förvärvade Nifty Gateway förra året.

Digitalartisten Beeple startade igår en massiv flerdagars digital konstförsäljning för att förena fysisk konst med blockchainbaserade magiska pengar. Den första auktionen, som påbörjades igår kväll kl 19 ET på Gemini-stödda kryptokonstmarknaden Nifty Gateway, genererade $ 582 000 på 5 minuter; den kumulativa försäljningen från auktionen har sedan översteg 1,1 miljoner dollar.

Categories: Bitcoin

BlockFi CEO: Millennials will drive Bitcoin adoption in the next years

admin - Dezember 12th, 2020

Keine Kommentare zu BlockFi CEO: Millennials will drive Bitcoin adoption in the next yearscomments

A BlockShow panel shares information on the future of cryptomone adoption from the perspective of the millennials.

The Millennials, a generation besieged by student debt, low wages and lack of savings, can rewrite their financial narratives using Bitcoin (BTC) and crypto-currency, according to a panel discussion at this year’s BlockShow summit in Singapore.

„Every recession in history has ended in a rebound,“ says Acorns‘ CEO

That was the key point of the „Millennial Investment Trends: New Wave of Personal Finance“ panel with Aya Kantorovich of FalconX, Zac Prince of BlockFi and Michael Sonnenshein of Grayscale. The panel delved into the impact of Millennials on the future of digital assets.

During the discussion, Prince identified three major trends in Profit Secret review adoption that are inextricably linked to Millennials and younger investors: the ongoing transfer of wealth from baby boomers to young people through inheritance, the growth of alternative assets, and the changing preference for all things digital.

Vitalik Buterin hopes for many ways to exchange CBDCs for crypto currencies

Alternative assets under management exceeded $10 trillion worldwide in June, more than 55% since 2013, according to data provider Preqin. While much of that change has occurred at the institutional level, Millennials will play an increasingly vital role in this market.

Prince said he expects cryptomonies to „grow as part of that group of alternatives.

„Millennials with investments in cryptomontages are an incredibly valuable group … These are people who have anticipated this trend.

The Winklevoss twins: Bitcoin’s market capitalization will exceed that of gold

In Prince’s opinion, it is only a matter of time before more financial institutions create access ramps to serve these populations.

„It’s really a question of accessibility,“ added Aya Kantorovich, FalconX’s head of institutional coverage. Although less optimistic about current trends in the millennials, Kantorovich said that her company has seen a large influx of retail-oriented aggregators and payment providers that „need good liquidity,“ which is a clear indicator of growing consumer adoption.

Crypto-related gift ideas for the Christmas fanatic in your life

Michael Sonnenshein, Managing Director of Grayscale, also identified a major shift in the way people, especially the younger generation, view diversification into cryptosystems.

While many believe diversification into cryptology is an important decision, diversification into cryptology is also growing in importance, he said. Investors are beginning to look beyond Bitcoin and other „holding power“ assets such as Ethereum (ETH) and Litecoin (LTC).

Bitcoin, Tesla and Avocados: The Ideal Scenario for Millennial Traders

Sonnenshein spoke about the growth of investors „Ethereum first, or in some cases, just Ethereum,“ an idea he also shared with Bloomberg last week.

Categories: Bitcoin, Profit

Il dollaro USA si sta facendo prendere a schiaffi; Bitcoin si aspetta di tirare una mossa d’oro

admin - Dezember 7th, 2020

Keine Kommentare zu Il dollaro USA si sta facendo prendere a schiaffi; Bitcoin si aspetta di tirare una mossa d’orocomments

20.000 dollari sono „una resistenza piuttosto buona“ per Bitcoin a breve termine, ma se gli Stati Uniti continuano a essere colpiti „dovremo comprare urgentemente più bitcoin“

Nel mercato cripto, la volatilità è in, e i prezzi sono in aumento. La Bitcoin Up si mantiene al di sopra dei 18.000 dollari e guadagna quote di mercato con il suo indice di dominanza che raggiunge il 67%.

Ma lo stesso non si può dire del mercato tradizionale, dato che le cose sono piuttosto piatte e la volatilità è in calo. Le azioni si stanno consolidando mentre le obbligazioni sono rimaste invariate.

Questo è stato fino ad ora

Venerdì scorso, il Segretario del Tesoro statunitense Steven Mnuchin ha deciso di lasciar andare diversi programmi di emergenza della Federal Reserve nell’ambito del CARES Act il 31 dicembre.

Di conseguenza, i rendimenti del Tesoro USA sono scesi con le obbligazioni a 10 anni che sono scese allo 0,836% e quelle a 30 anni all’1,5%.

Il dollaro USA, che ultimamente sta testando i suoi minimi, ha interrotto il suo slittamento, durato una settimana, alla notizia che Mnuchin ha detto alla Fed di restituire il denaro destinato ai governi locali, alle organizzazioni non profit e alle imprese per i prestiti in caso di pandemia.

La Fed, tuttavia, ha respinto la decisione di Mnuchin, dicendo: „La Federal Reserve preferirebbe che l’intera serie di strutture di emergenza create durante la pandemia di coronavirus continuasse a svolgere il suo importante ruolo di sostegno per la nostra economia ancora tesa e vulnerabile“.

Il verdone è sceso per la sesta sessione consecutiva; lo slittamento è stato ulteriormente stimolato dalle notizie di giovedì, secondo cui i leader repubblicani del Senato degli Stati Uniti riprenderanno le negoziazioni su un altro pacchetto di stimolo per il coronavirus. I colloqui sul sollievo COVID-19 hanno nel frattempo portato a un rimbalzo delle azioni.

Dal rally di marzo, la tendenza più marcata è stata quella di un calo del dollaro USA

Dai massimi di 103 di metà marzo, l’indice USD è sceso a 92.

„Se il dollaro continua ad essere molto più basso di adesso, dovremo acquistare urgentemente più bitcoin. All’interno dei mercati valutari, dall’inizio di novembre, è chiaro che il dollaro si sta intasando“, ha detto l’analista Mati Greenspan.

Per ora, il Bitcoin è ancora lontano quasi il 10% dal massimo storico, e nel breve termine, è una „resistenza piuttosto buona“.

„Temo che probabilmente farà quello che ha fatto l’oro“. È arrivato a 2.000 dollari, e da allora si sta consolidando in un mercato toro“, ha detto Mike McGlone, uno stratega dell’Intelligence di Bloomberg.

Ma questo è nel prossimo futuro; entro la fine del prossimo anno o due, McGlone si aspetta che BTC aggiunga un altro zero al suo prezzo, cioè 180.000 dollari.

Mentre dipingeva un quadro rialzista, lo stratega ha anche coperto che l’asset digitale leader sta diventando una „versione digitale dell’oro“ la cui volatilità sta diminuendo al punto che è la più bassa di sempre rispetto all’oro“, a differenza di ogni altro asset la cui volatilità è stata in aumento.

Categories: ETH, marcata