đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Both 2013 and 2017 ultimately saw a two-tier run to an all-time high. The first peak was followed by a significant drawdown in each instance, which then reversed to spawn a run to a new top. PlanB still believes that $100,000 per Bitcoin will appear this year, while stock-to-flow calls for either a $100,000 or $288,000 average price between now and 2024.
In other trending Bitcoin News today: Billionaire venture capitalist Tim Draper thinks the ultimate impact of cryptocurrency will stretch far beyond the world of finance. The Draper Associates founder tells high-profile crypto trader Scott Melker that while there may be âfits and starts,â he thinks BTCâs price will continue to rise as Bitcoin radically changes those various elements of society.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/texas-regulator-allows-state-chartered-banks-to-hold-bitcoin
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BITCOIN PATTERNS MIRROR EARLY DAYS OF EPIC 4,400% BTC RALLY!! NEW DEFI CRYPTO NEXT TO EXPLODE!!
âĄïž Tap into OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
Digital Asset Manager Grayscale says current investment patterns in Bitcoin mirror trends present in early 2016, when BTC kicked off an astronomical 4,400% rally to its all-time high in less than two years.
Phil Bonello, Grayscaleâs director of research, reports that there is a growing number of investors holding on to their Bitcoin.
In Grayscaleâs Holder vs. Speculator Index, the percentage of holder coins â BTC that have not moved in one to three years â is on the up and up. Meanwhile, the percentage of speculator coins â BTC that have moved in the last 90 days â is on a decline, much like in 2016.
According to Bonello, an increase in holder coins is a potential bullish indicator, while an increase in speculator coins looks bearish.Â
Bonello also notes that there has never been a higher level of Bitcoin held for more than one year.
âThis metric indicates a strong conviction in Bitcoin by its current investor base. While this is a supply-side metric, it also demonstrates the demand for Bitcoinâs use case as a store of value â rather than trading, it appears investors are interested in holding Bitcoin despite its volatilityâŠ
This report is intended to help investors visualize why Bitcoin may be more important than ever; we explore Bitcoinâs value indicators, delineate its substantial supply/demand imbalance, and extrapolate how these factors may create a tailwind for Bitcoinâs adoption and price. This analysis indicates that the current Bitcoin market structure parallels that of early 2016 before it began its historic bull run.â
The researcher does caution that significant off-chain activity may decrease the efficacy of these metrics.
Bitcoinâs price in January 2016 stood at about $434.
In less than 24 months, the king crypto went on to skyrocket over 4,431%, en route to its all-time-high of $19,665, according to CoinGecko.
In other trending Bitcoin News today:
New Crypto Asset Could Be Next DeFi Unicorn to Explode, Says Bitcoin Analyst Nicholas Merten
DataDash founder and Bitcoin analyst Nicholas Merten says a new crypto asset is poised to become the next decentralized finance (DeFi) unicorn to erupt.
Merten says heâs betting big on Ampleforth (AMPL) as he believes the coin is relatively undervalued.
The crypto strategist highlights that AMPL has already gone through close to an 80% correction in terms of market capitalization.
Merten says the pullback has put AMPL in a position to restart its bull cycle as the DeFi asset is flashing bullish signals.
Based on Mertenâs chart, the coinâs market cap can explode over 430% in the coming months.
Ampleforth bills itself as an âadaptive base-money.âÂ
According to Merten, the number of AMPL in circulation adjusts based on demand.
âThe balance of Ample can increase or decrease and it uses a very similar kind of mechanism some might be familiar with in regards to DAI⊠In this case, as price goes up, they increase the overall supply in the network and along with that as well, when you see a decrease in price, in this case, the overall supply decreases as well. Itâs supposed to provide [the] pressure of limiting the supply on the market and vice-versa.
When price goes up, you have more coins in the market. People are actually, as theyâre holding it, not only is price going up, maybe above the peg but along with that, theyâre getting extra coins. In this case, thereâs a pressure to sell.â Â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
If you put $1.25M into $BTC today you could literally have $70M in three yearsIt’s a mathematical fact, don’t question it The 6 figures / day you make in the stonk market will seem irrelevant
also the magnet is there for more than just a cosmetic affect pic.twitter.com/ZQ9c0Y6o0N
â RookieXBT đ§Č (@RookieXBT) August 22, 2020
Just to clarify I put in 1.25 million and lost 20k. My money was just better at work in the real stock market where I make 6 figs everyday. https://t.co/5v7Jg2SZYo
â Dave Portnoy (@stoolpresidente) August 22, 2020
https://grayscale.co/wp-content/uploads/2020/08/Grayscale_Valuing_Bitcoin.pdf
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MARKET STUDY: Thereâs a 77% Chance Bitcoin Trades At ,000 This Week | BTC Halving 2020 TODAY!
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With the next Bitcoin Halving now less than 7 hours away, these are very exciting times for the Crypto market.
Just 72 hours ago, BTC was trading at $10,100, but the cryptocurrency has since sustained a strong drop leading into the BTC halving.
This culminated on Saturday evening and Sunday morning, when the Bitcoin price crashed from the $10,000 highs to $8,100 within the span of a few hours.
It was a strong drop that liquidated over $200 million worth of long positions on BitMEX. Bitcoinâs stark reversal from the highs has convinced many of a bearish case.
One prominent trader that last year predicted BTCâs 2019 bottom of $6,400 said that he expects yet another move to $6,400.
Though a market study by Market Science, a cryptocurrency data analytics and market research firm, has confirmed that such a drop may not happen.
Their study indicates that thereâs a 77% chance Bitcoin trades at $10,000 within the next week. Because the Chicago Mercantile Exchangeâs Bitcoin futures donât trade on weekends, there are normally âgapsâ formed on the charts on every Monday morning.
The crypto market is 24/7, meaning that from the CME close on Friday to the open on Monday morning, there can be volatility that creates such gaps.
Just today, Bitcoin formed a record $1,265 gap, as a top trader noted. This was formed because the Friday price action on the exchange closed at ~$10,000 while the Monday price action opened at $8,785.
Itâs a potentially bullish sign for the Bitcoin market, a market study has suggested. Published on December 30th of last year, crypto research firm Market Science found that 77% of CME gaps fill, meaning price touches each portion of the gap, âin the subsequent weekâ after the gap forms.
The gap isnât the only sign indicating Bitcoin will undergo a bullish reversal, analysts suggest.
One popular trader shared the chart below, indicating that there are remarkable similarities between Bitcoinâs price action for all of 2020 and that of the past three days: both periods have a four-phase distribution top, a capitulation crash, then a rapid recovery from the lows.
The fractal playing out in full, the trader suggested, will result in BTCÂ returning to $10,000 in the coming two to three days.
In other trending Bitcoin News today:
Why Satoshi Nakamoto Created the Bitcoin Halving
The dwindling Bitcoin mining rewards are a central piece of Satoshiâs method for allowing new BTC to enter the supply and ensuring that supply doesnât outpace demand, all the while carefully controlling and mitigating the effects of inflation.
He addressed the topic in an exchange with the late bitcoin pioneer Hal Finney via email back in 2008.
âThe fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable.
If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
While price moves more sideways, this creates an environment where large leverage traders have an easier time strategically liquidating the bulk of traders from their positions. Like the cascading 4k->14k short squeeze of 2019. Equals more volatility.https://t.co/cBaDPzmZjQ
â Willy Woo (@woonomic) May 9, 2020
Market Study: Thereâs a 77% Chance Bitcoin Trades At $10,000 This Week
https://marketsscience.com/gap_study.html
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BITCOIN ETF TO IGNITE GLOBAL BTC BUYING SPREE! 10 SIGNS ETHERUEM WILL SHATTER $10K SAYS VC INVESTOR!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
The first BTC exchange traded fund may come as soon as next month after the SEC pushed the deadline for the approval or disapproval of the VanEck Bitcoin ETF from May 3rd to June 17th, which represents a 45-day extension.
The chief executive of crypto intelligence firm CryptoQuant believes that a wall of money will likely enter the crypto markets as soon as a US ETF is approved.
In other trending Crypto new today: 10 Signs That Ethereum (ETH) Will Shatter $10,000, According to VC Investor And Crypto Veteran Spencer Noon
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Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
#10: Finally, in less than 3 months(!), the EIP-1559 upgrade will be activated, likely resulting in hundreds of millions worth of $ETH being burned each year â this is a massive catalyst for $ETH value capture and its overall fundamental investment case. pic.twitter.com/Suvvqp4OMG
â Spencer Noon đ (@spencernoon) April 30, 2021
When I started buying #BTC in 2011 the entire âcryptoâ market cap was under $50MIâve seen it all. In fact Iâve seen it all at least 3 times
The only thing you need to do is HODL #BTC
Everything else is centralized garbage run by scammers
$220,000 in 2021 still in play pic.twitter.com/NXajw8k5gn
â đđ Max Keiser (@maxkeiser) May 9, 2021
Race for First Ethereum ETF in US Begins As VanEck Files Registration
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