Tourism Minister of El Salvador Reiterates Effect Bitcoin Has Had on the Sector – Bitcoin News
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A bunch of posts stating BTC to 100k and ETH to 10k got me thinking. Most of these predictions are from the usual folks in finance, pumping their own bags. However they are correct, how do I know? Because BTC is at 45k Eth is at 3500 and we AREN’T in a bull market?! Here…
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(Link to full roadmap here: roadmap.pointnetwork.io) With “web 3.0” suddenly upgrading from an obscure area of research to a hot topic of mainstream conversation and a significant part of the 2020-s zeitgeist, more and more questions arise about the nature of the beast. Is “Web3” going to stay a vague and undefinable term, or does […]
Bitcoin retail buying rates have been surging in recent times. These metrics show how much Bitcoin retail investors are buying and at what prices they are purchasing these tokens. Now, this metric had hit a previous all-time high in 2017/2018 right at the peak of the bull market at that point. Since the same thing is happening once more and retail investors are ramping up purchases, it remains to see whether this will correlate with another bull rally that sends the digital asset towards a new all-time high. Retail Investors Ramp Up In a chart that was posted to Twitter, market analyst Will Clemente showed that retail investors are currently purchasing the cryptocurrency at the second-highest rate in history. This is significant when looked at from the perspective of the last time retail buying surged past this point. However, it does not only spell good news even from a historical point of view. Related Reading | Bitcoin Exchange Outflows Suggest Rally May Only Be Starting Clemente noted that most spikes in the holdings of retail investors have usually coincided with that of macro tops. However, there have also been times when these investors had taken a more strategic approach to their buying. As for this one, the analyst explains that it is an outlier. This is a really interesting chart. Retail (0-1 BTC) is currently buying at the second-highest rate in Bitcoin's history. Looking at retail's holdings most spikes have coincided with macro tops, but on several occasions, they have bought strategically. This spike is an outlier. pic.twitter.com/PcGxsoCVku — Will Clemente (@WClementeIII) April 4, 2022 The most important part of this is that there is no clear indicator of where the price might go in response to this. Not only can it be a bullish signal that could precede another top, but it can also very well lead to another bottom. “Either we are doomed or retail has chosen to use Bitcoin as a savings account and opt out of the fiat system,” said Will Clemente. “The optimist in me hopes it is the latter.” Bitcoin Ready For Another Rally? Bitcoin halving events have also led to a surge in the value of the digital asset. However, there are the mid-halving events that can also be significant for the price of the digital asset. Usually, after a halving event, the peak is reached between 515 and 545 days after. So far, bitcoin has moved past this point once the new year was ushered in, which meant that the next significant event was the mid-halving. BTC falls to $45k | Source: BTCUSD on TradingView.com This event can have some dire implications for the digital asset if history is to be believed. The last mid-halving event saw the price of bitcoin fall drastically after July 2018. It is no secret that what followed was a drawn-out bear market. Related Reading | Dogecoin Soared After Elon Musk Bought 9.2% Of Twitter, What’s Next? 🤑 The last #Bitcoin halving occurred in May, 2020. After surges, price tops historically occur 515 to 545 days after $BTC's supply is cut in half, causing more scarcity. Next week we're due for a mid-halving event. Read about what historically happens! 👀 https://t.co/qvBoQHfxhL pic.twitter.com/eTp9cDNgoO — Santiment (@santimentfeed) April 4, 2022 With current market momentum, bitcoin looks to be sticking to this pattern historically given that it has failed to break through the $50K resistance point. Santiment notes that the next mid-halving event will take place on April 11th. So BTC will either have to rise above this next resistance or risk a downtrend that could see it fall to $30,000 once more. Featured image from The Crypto Basic, chart from TradingView.com
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I've verified many contracts before. I cannot seem to verify anything atm, not even this: // SPDX-License-Identifier: MIT pragma solidity ^0.8.10; contract Counter { } I compiled and deployed via remix, optimization enabled 200. I keep getting a generic error saying "General Exception, unable to get compiled [bytecode]". Yes my compiler version is correct. Yes…
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TL:DR Don’t take financial advice from influencers. ** Repost as post got taken down after an edit which was addressing frequent comments** Full disclosure I am a developer for a project which I’m currently launching and want to shed some light on the crypto industry. What is the number one thing you need to launch…
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Saw a post https://np.reddit.com/r/CryptoCurrency/comments/twxeol/what_would_you_do_if_you_imported_a_wallet_worth/) In this post so many people said they'd steal all of the funds from a wallet they accidentally got access to. I think this is monumentally fucked up and shows how desperate and immoral a lot of people are. If you decide you'd steal someone else's money given a chance and…
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Ethereum could re-test its support zone as the general sentiment in the crypto market hints at further losses. The second crypto by market cap has been leading this current rally with Solana (SOL), Avalanche (AVAX), and other large cap cryptocurrencies. Related Reading | Arthur Hayes’ Crystal Ball Predicts: Ethereum To 5 Digits In the coming months, Ethereum could continue to dominate the market. According to some experts, such as former BitMEX CEO Arthur Hayes, ETH’s price could outshine its layer-1 competitors. At the time of writing, ETH’s price trades at $3,400 with a 2% loss in the last 24-hours. Hayes’ support his bullish thesis for Ethereum on “The Merge”. The upcoming ETH 2.0 upgrade that will combine the network’s execution layer with its consensus layer. This will consolidate ETH’s migration into a Proof-of-Stake consensus algorithm. In addition to Hayes, Bloomberg Intelligence Senior Commodity Analyst Mike McGlone believes the event will be bullish for ETH’s price. The analyst believes ETH is about to “change the rules of the game”. The Merge will transform ETH into a unique financial asset with commodity, equity, and monetary traits. Using a discounted cash-flow model on ETH, the analyst concluded that it’s currently undervalued. McGlone believe the cryptocurrency could break above $6,000 with 110% upside potential. As seen below, in a diagram explaining the discounted cash-flow model, the upcoming staking system for ETH will provide investors with several value-creation factors. Ethereum About To Change The Game? McGlone looked into ETH’s transaction fees since its inception in 2015. During this period, the second crypto by market cap has seen an increase in the price per transaction. This trend suggest acceleration in activity, demand for block space, more adoption, and value aggregated to the network. Ethereum could maintain this trend well into 2035. At this time, the analyst expects it to reach a “decay to a terminal growth rate” after a 30% annual rise in transaction fees or cash flow until 2025. This calculations are “conservative, the expert said. Related Reading | TA: Ethereum Gearing For Another Lift-Off, Why ETH Could Test $3,750 In the long term, ETH could see as much as $9,000 or a 219% increase to the upside. McGlone said the following highlighting ETH potential with the upcoming Merge: Though any delays or bugs in the Merge could have a negative impact, the main risk to revaluation is sub-par aggregate transaction-fee growth. Once the next phase, Sharding, disaggregates the base chain into 64 individual “shards”, dramatically increasing Layer 1 blockspace, gas prices are expected to fall commensurately. Conversely, this will unlock the full potential of Layer 2 rollups, which can process an increasing number of transactions at almost zero cost.
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