I've been invested in Ethereum on and off since '17, but now I think it's time I learn the technology well. One of my biggest questions is why we are still using ethereum as the go to smart contract token over other tokens with WAY cheaper gas fees. Is the security on Ethereum that good…
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Monero. XMR, you know the coin with the $1.25 million IRS bounty. You know, that coin thats so decentralised that anyone with a CPU (from a PSP slim to a vending machine) can mine with and support the network. The one with the fairest of launches, no premine. No dev taxes. Developers are a rag…
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O’Leary claims that he was never a cryptocurrency skeptic in the first place but instead, was pressured by his compliance department to “back-off” on crypto.
Bitcoin exchange reserves are a good way to gauge investor sentiment in the market. It can show when investors are ready to sell, meaning that they believe the asset has hit an overvalued point. Likewise, it can show when investors are holding on to their bags and expecting the price of the digital asset to rally. The latter has been the norm going on four months now. Since August, bitcoin exchange reserves have been plummeting with no signs of stopping. This has shown investor sentiment to be in the positive regarding the future of the asset, hence they are less willing to let go of their holdings in the market. With November and the price of BTC surging, it has not really changed the course of action as exchange reserves head towards an all-time low. Related Reading | Institutional Bitcoin Open Interest Plummets, But Why? Bitcoin Exchange Reserves A recent report from Glassnode has shown that supply on centralized exchanges has continued to plummet in the fourth quarter of 2021. Daily withdrawals are on the rise as investors pull out their holdings on exchanges for safekeeping in private and cold storage. The report showed that daily withdrawals had hit as high as 5K BTC, an accelerated figure from the previous week. This points to the market being in the “smart money accumulation” phase. In this phase, investors are buying up as many assets as possible and then consolidating their holdings in wait for better prices. Instead of dumping all assets in wait for the bear market, BTC being sold by investors are only so they could take strategic profits. BTC falls to $63k | Source: BTCUSD on TradingView.com Demand is up despite the price of BTC hitting new all-time highs. Coins leaving exchanges at an alarming rate is leading to a supply squeeze that will most likely see the value of the digital asset go up. One thing to keep in mind though is that the market is nearing the end of this phase. Once it passes, it is expected that the price of BTC will record some downside, although not enough to keep the market down for too long. Diamond Hands Are Dominating Declining bitcoin exchange reserves point to hold sentiments being the order of the day. BTC investors are putting off selling their assets in wait for better market conditions, going against previous trends in bear markets. Expectations that investors would sell-off holdings at new all-time highs have been moot as outflows from exchanges have continued even after BTC hit a new ATH of $69K. Related Reading | Bitcoin Whale Wallet With $150 Million Activated After 8 Years New bitcoin wallets balances are also climbing at a rapid pace. Glassnode noted that the volumes of BTC being sent to newly established wallets have climbed, with 516,914 recorded transactions involving these newly established wallets. A 72% increase in a three-month period. Market sentiment remains deep in the greed territory, signaling buy pressures in the markets. This is expected to continue at least until December. By then, it is speculated by market analysts that the price of the digital asset would hit a high of $100,000. Featured image from Bitcoin News, chart from TradingView.com
On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.” SEC Turns Down Spot Market ETF – US Regulator Believes There Should be More Manipulation […]
Cosmostation, an enterprise-level validator node infrastructure & end-user app provider, announced today it has joined the Cudos ecosystem as a validator Cudos is a layer-one blockchain and layer-two computation and oracle network designed to ensure decentralized, permissionless access to high-performance computing at scale. With the partnership, Cosmostation will enhance the Cudos platform by using rewards…
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submitted by /u/thebeastofbitcoin [link] [comments]
The SEC’s rejection of VanEck’s spot Bitcoin ETF application may have influenced Nov. 12’s drop to $62,000, but most traders view the correction as a buying opportunity.
https://medium.com/@webdeb7/you-dont-need-bitcoin-if-you-can-have-anything-on-ethereum-f91355cc5e77 submitted by /u/webdeb7 [link] [comments]
Staking is cool and all but how does one unstake their eth from coinbase. I have a medical emergency and my staked eth is the little money i had set aside for rainy days. Didnt relize it would be stuck for so long. When umstaking will there be gas fees? submitted by /u/Future_Entry_9602…
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