#Realized Bitcoin Price

[cryptonews587]

On-Chain Data Shows Bottom For Bitcoin - Bitcoin Magazine

On-Chain Data Shows Bottom For Bitcoin – Bitcoin Magazine

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. On-Chain Data Trends November was a painful month. By looking at on-chain realized profit and loss data, we can see that this was true for many…

[cryptoolivia]

What is USDT (Tether)? Is it a scam? (A must-read for beginners)

If you're new to cryptocurrency, you've likely heard of "USDT" or "Tether." In the news, phrases like "USDT scam" or "Tether money laundering" frequently appear, causing many newcomers to doubt the legitimacy of USDT. So, what exactly is USDT, and is it a scam? This article will explain what USDT is, its uses, and how to avoid potential scams involving it.

What is USDT (Tether)?

USDT, short for Tether, is a cryptocurrency issued by Tether Limited. Similar to other cryptocurrencies like Bitcoin or Ethereum, USDT is a virtual currency. What sets USDT apart is its 1:1 peg to the US dollar, making it a "stablecoin." In other words, 1 USDT typically equals 1 USD (with slight fluctuations). USDT is designed to function as a digital version of the dollar and is commonly used as a stable store of value in cryptocurrency trading.

Launched in 2014 under the name Realcoin, later rebranded as Tether, USDT's goal was to offer a digital asset backed by traditional currencies (primarily the US dollar), helping cryptocurrency users avoid the extreme volatility of other digital currencies. Tether operates by claiming that for every 1 USDT issued, the company holds an equivalent value in USD or other assets in reserve, thus maintaining its stable value.

Why is USDT often linked to scams?

USDT itself is not a scam; it is a legitimate cryptocurrency. The reason we often hear about "USDT scams" is that fraudsters prefer to use USDT's stability and widespread use in their schemes.

Because 1 USDT is roughly equal to 1 USD and is widely accepted across major crypto exchanges, scammers frequently use fake platforms or fraudulent investment opportunities to trick victims into buying or transferring USDT. Since USDT can be quickly converted into fiat currency or other cryptocurrencies, it's a preferred tool for scammers. However, this doesn't make USDT a scam in and of itself.

How do scammers use USDT to commit fraud?

Common methods include:

Fake exchanges: Scammers create fake cryptocurrency exchanges to steal users' personal information and funds. They may lure you into buying USDT, but you soon realize that the USDT is either fake or nonexistent.

Impersonating customer service or friends: Through social media or phishing, scammers impersonate customer service representatives or friends, tricking you into buying USDT and transferring it to them under the guise of investment or transaction needs. In reality, your funds vanish.

Phishing websites: Fraudsters create fake websites, appearing identical to official platforms, to trick users into entering their wallet private keys or passwords, enabling them to steal USDT.

How to avoid USDT-related scams?

Use trusted exchanges: Always purchase USDT through reputable cryptocurrency exchanges (such as Binance, OKX, Bitget, gate·io, bybit). These platforms are highly regulated and more secure.

Be wary of false investment opportunities: Any promise of "high returns with zero risk" should be viewed skeptically. The crypto market is highly volatile, and promises of quick profits often signal scams.

Avoid clicking on suspicious links: If you receive unfamiliar links, especially those encouraging you to buy USDT or make transactions, exercise caution to avoid phishing traps.

Does USDT always maintain a 1:1 peg to the USD?

While USDT is intended to maintain a 1:1 peg with the US dollar, slight fluctuations may occur during periods of market stress or loss of confidence in Tether's reserves. However, most of the time, USDT remains stable at around 1 USD.

For other currencies like TWD or HKD, the USDT exchange rate is influenced by market demand. In domestic markets, USDT prices may slightly differ from the direct USD exchange rate, depending on supply and demand dynamics.

Where can you buy USDT?

Through regulated cryptocurrency exchanges: The safest way to purchase USDT is through reputable global exchanges, which support various payment methods, including bank transfers and credit cards.

OTC (Over-the-Counter) dealers: In certain regions like Hong Kong, you can buy USDT at physical stores. However, exercise caution as not all stores are regulated, and scams do exist.

Avoid private transactions: Refrain from purchasing USDT through unofficial channels or individual sellers, especially those involving cash deals, as these carry high risks of fraud or theft.

Common Questions (FAQ)

How is USDT different from other cryptocurrencies? USDT is a stablecoin, meaning its value is relatively stable (around 1 USD), while other cryptocurrencies like Bitcoin or Ethereum are highly volatile. USDT is typically used as a store of value in crypto trading, while Bitcoin, for example, is more suitable for investment.

Is USDT safe? USDT itself is safe, but due to its popularity, scammers often use it in fraudulent schemes. Always use trusted platforms to purchase USDT and remain vigilant.

Why does USDT sometimes "de-peg"? USDT can experience minor fluctuations when market confidence in Tether's reserves wanes or in times of market stress. However, these instances are usually temporary.

Is USDT a good investment for beginners? USDT is not typically seen as an investment but rather as a stable store of value. It's more like a "digital dollar" in the crypto market, ideal for transferring value rather than speculating.

Conclusion

USDT is not a scam; it's a widely used stablecoin, designed to maintain a 1:1 value with the US dollar. However, due to its popularity, it is often used by scammers as a tool for fraud. To avoid being scammed, always purchase USDT through official channels and be cautious of investment offers. Remember, all investments carry risks, and caution is key to protecting your assets.

Through this article, I hope you now have a clearer understanding of USDT and how to avoid scams involving it. If you have further questions, feel free to reach out.

[unpluggedfinancial]

Bitcoin's Role in Times of Financial Crisis: A Beacon of Hope in Turbulent Times

Introduction: Setting the Stage

Imagine this: the economy is unraveling, inflation is soaring, and banks are teetering on the edge of collapse. We've seen this story before. Each time the financial world is shaken, the average person is often left to pick up the pieces. In moments like these, people look for safety. Gold has often been a refuge in times of economic uncertainty, but today, a new kind of "digital gold" has entered the scene—Bitcoin.

Bitcoin isn't just another speculative asset; it's a new form of money created for the very purpose of facing crises like the ones that leave economies in shambles. But how does Bitcoin really function during times of financial turmoil? And why do people increasingly turn to it when traditional systems let them down? Let’s explore.

Historical Context of Financial Crises

The world has witnessed countless financial crises. From the Great Depression to the 2008 Great Recession, from the hyperinflation of Zimbabwe to the recent collapse of banks—economic disasters are not anomalies, they’re almost predictable. These crises share common traits: a loss of trust in financial institutions, erosion of the value of fiat currency, and people scrambling for alternatives to preserve their wealth.

Take the 2008 Great Recession. Banks gambled with people's money, and when they lost, governments stepped in to bail them out, leaving regular folks to face the consequences. It was amidst this backdrop that Bitcoin emerged—a system immune to human manipulation, with no central authority to dilute its value or make decisions in secret.

Bitcoin's Emergence During the 2008 Crisis

Bitcoin was created in response to the failures of traditional finance. Satoshi Nakamoto, the mysterious creator of Bitcoin, embedded a message in the very first block, known as the Genesis Block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This wasn’t just a timestamp; it was a clear statement of intent.

Bitcoin aimed to be different—a currency free from the whims of governments, banks, and those who had lost the trust of the public. Its birth was a direct reaction to a broken system, offering an alternative that promised financial freedom, transparency, and true ownership.

Bitcoin's Unique Qualities as a Crisis Hedge

What makes Bitcoin uniquely suited for times of financial crisis? Let’s break down the key qualities:

Decentralization: Bitcoin has no central authority. No government or institution can control its issuance or manipulate its value to serve their own interests. It belongs to the people, run by a network of nodes and miners spread across the globe.

Fixed Supply: Unlike fiat currencies that can be printed at will—as central banks often do in response to crises—Bitcoin has a cap of 21 million coins. This scarcity is fundamental to its value, acting as a hedge against the rampant money printing that often leads to inflation.

Portability and Accessibility: Bitcoin isn’t tied to any one country, and it doesn’t require a physical footprint. It is accessible 24/7, unlike banks that can close, restrict access, or freeze assets during turbulent times. Bitcoin gives people control over their wealth, regardless of where they are or what’s happening around them.

Real Examples of Bitcoin as a Safe Haven

We’ve seen Bitcoin being used as a safe haven asset in various crises:

Venezuela and Argentina: In hyperinflationary economies where local currency loses value rapidly, Bitcoin has provided a crucial way for people to preserve their purchasing power. Venezuelans, for instance, turned to Bitcoin as the bolivar crumbled, finding in it a stable store of value relative to their national currency.

Cyprus Bail-In (2013): In 2013, the Cypriot government froze citizens’ bank accounts and implemented a "bail-in," using their deposits to rescue failing banks. In that same year, Bitcoin’s price saw a surge as people began realizing the power of holding an asset that couldn’t be confiscated by any government.

Recent Banking Concerns (Silicon Valley Bank Collapse): More recently, during times of banking uncertainty, Bitcoin again saw an uptick in interest. People are slowly waking up to the idea that having your wealth in a system controlled by others isn’t always safe. Bitcoin offers an alternative—one where individuals have complete control.

Dollar-Cost Averaging: A Simple Strategy for Uncertain Times

One of the biggest hurdles for people looking to get into Bitcoin is its infamous volatility. This is where Dollar-Cost Averaging (DCA) comes in—a simple yet effective strategy that makes Bitcoin accessible to anyone.

What is DCA? DCA involves investing a fixed amount of money in Bitcoin at regular intervals (e.g., weekly or monthly), regardless of the price. Whether Bitcoin is up or down, you keep investing the same amount.

Why DCA Works Well for Bitcoin:

Mitigating Volatility: Bitcoin’s price can be unpredictable, but DCA helps to average out the highs and lows. Instead of trying to time the market—which even experts struggle with—you gradually accumulate Bitcoin over time, reducing the impact of its swings.

Making Bitcoin Accessible: You don’t need to be wealthy to start accumulating Bitcoin. Even a small amount like $20 a week can add up over time, building a safety net that could one day protect you from economic turmoil.

Examples of DCA Success: Someone who started DCA-ing into Bitcoin during the peak of 2017’s bull run would still be significantly up today. The key is consistency and a long-term view. In times of crisis, DCA can be a powerful way to build a hedge, step by step, without taking on overwhelming risk.

Challenges and Criticisms

It would be disingenuous not to mention Bitcoin's challenges. Its volatility is real, and for some, this is a reason to be hesitant. But it’s crucial to understand that Bitcoin is still a young asset, evolving in a world that’s just beginning to understand its potential.

For those looking at Bitcoin as a hedge against traditional financial instability, the strategy isn't about short-term gains. It's about adopting a different mindset—one focused on time in the market, not timing the market. Volatility is less intimidating when viewed through a long-term lens.

Why Bitcoin is Different from Gold

Bitcoin has often been called "digital gold." While both assets serve as stores of value, Bitcoin has some distinct advantages. Unlike gold, Bitcoin is digital and easily portable. You can carry millions of dollars worth of Bitcoin on a USB-sized hardware wallet or even just in your memory if needed. Bitcoin is also much easier to divide. You can send someone a few dollars' worth instantly, whereas gold needs to be physically divided or tokenized to achieve that same flexibility.

Perhaps most importantly, Bitcoin is resistant to seizure. Throughout history, gold has been confiscated by governments. Bitcoin, on the other hand, can be stored with no physical footprint, making it far harder to seize if managed correctly.

Conclusion: A Modern Solution for Modern Problems

Financial crises are not going away. They are a byproduct of a flawed system that prioritizes short-term solutions over long-term stability. Bitcoin was built as a response to these very issues. It offers an alternative that’s built on transparency, ownership, and the promise of true financial sovereignty.

If you’re looking for a way to protect yourself from the next inevitable crisis, Bitcoin stands as a beacon of hope. And you don’t need to jump in all at once. Start small, consider using Dollar-Cost Averaging, and build a position over time. Bitcoin could be the life raft you need when the storm inevitably comes—a modern solution for modern problems, providing hope and resilience in a world of uncertainty.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

📺 YouTube Channel: Unplugged Financial Subscribe to our YouTube channel for engaging video content that breaks down complex financial topics into easy-to-understand segments. From in-depth discussions on monetary policies to the latest trends in cryptocurrency, our videos will equip you with the knowledge you need to make informed financial decisions.

👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

Support the Cause

If you enjoyed what you read and believe in the mission of spreading awareness about Bitcoin, I would greatly appreciate your support. Every little bit helps keep the content going and allows me to continue educating others about the future of finance.

Donate Bitcoin: bc1qpn98s4gtlvy686jne0sr8ccvfaxz646kk2tl8lu38zz4dvyyvflqgddylk

[financeattips]

A Primer for Beginners in Cryptocurrency

Cryptocurrency has taken the financial world by storm, a phenomenon held in equal parts awe and scepticism. What is cryptocurrency, and why should beginners care? This guide will answer all these questions and provide a true definition of cryptocurrency, for the uninitiated.

What is Cryptocurrency?

At its most basic, cryptocurrency is any type of digital or virtual currency that uses cryptography for security. Cryptocurrencies — which are not issued by a central government (like the US dollar or Euro), operate on networks known as blockchains. This decentralization means that it is not owned by a single entity, like the central bank of each country.

How Does Cryptocurrency Work?

Decentralization, Transparency and Immutability are the killer features of blockchain technology which is being utilized by cryptocurrencies. A  blockchain is a distributed ledger that keeps track of all transactions across a network of computers. When a block of transactions is added to the blockchain, it means that every new transaction in completion (e.g., money moving from one account to another) makes an update on all ledgers for their users.

The opaque and unreliable centralized system is avoided, allowing the data to be secure (distributed AND only YOU hold access), prompt & transparent. Bitcoin, the first and most famous cryptocurrency is a case in point: Bitcoin uses blockchain technology to enable peer-to-peer transactions without an intermediary (like a bank).

Popular Cryptocurrencies

Bitcoin, is the best-known cryptocurrency and there are thousands of other cryptocurrencies with various uses and functionality. Here are a few notable ones:

Ethereum (ETH): Ethereum is a decentralized platform that runs smart contracts (like dApps) on its platform.

Ripple (XRP): While Ripple is designed as a digital payment protocol, it still serves the same use case of enabling instant and cheap across borders.

Litecoin (LTC): Often dubbed as silver to Bitcoin's gold, Litecoin has faster transaction confirmation times.

Why Invest in Cryptocurrency?

There are few reasons for which a realization of benefits can seem attractive in investing this digital currency.

High upside: Cryptocurrencies can also gain value by huge percentages. For example, the early investors of Bitcoin and Ethereum are currently smiling to their bank-account.

2. Diversification: Cryptocurrencies can be added to an investment portfolio in order to diversify it thereby decreasing the risk.

3. Innovation and Technology: Investing in cryptocurrencies is an investment into the underlying blockchain technology, a revolutionary tool with many uses beyond digital currencies.

Risks and Considerations

But of course, as with all investment opportunities there are risks when it comes to digital currencies:

Volatility: Cryptocurrency is known for its price volatility; prices fluctuate rapidly and dramatically.

Regulatory Risks: The regulatory backdrop for cryptocurrencies is definitely a work in progress and future regulations may affect the value of these digital currencies as well as how they can be used.

Security Risks: The blockchain is secure, the platform and exchange on which cryptocurrencies are stored can be hacked.

How to Start with Cryptocurrency

There are some guidelines to help beginners who want to start investing in cryptocurrency.

Do your homework — It is important to be familiar with what you are investing; important to know what you're putting your money into, services like Coursera and NerdWallet provide thorough lessons on cryptocurrency.

Pick a Secure Exchange: Go for the most secure cryptocurrency exchange to purchase and offer cryptos Common exchanges such as Coinbase, Binance and Kraken.

Protect your investments: Store cryptocurrencies in secure wallets. Online wallets are less secure whereas hardware wallets provide advanced security to store.NEO.

4. Start Small — With all the volatility in this market, it would also be prudent to instead make a small investment and then scale into your position from there as you get more comfortable with these markets.

Conclusion

Cryptocurrency is a titanic heavy weight knocking the financial industry off its axis; it opens new doors for wealth and disaster as well. These are the basics of cryptocurrency that beginners need to understand and with a responsible, well-informed entering into it can lead them being successful. successful investment. Besides, due-diligence and strategic thinking at every stage are defining factors for anyone who wants to dive into the roller-coaster world of crypto-investing.

[solarpunkpresentspodcast]

How Do We Power Down?

ICYMI, here’s a post I put up on our Patreon back in March that, in anticipation of Season 5 (which we’re now partway into), considers the environmental problems posed by the use of cryptocurrencies and generative AI and the general problem of how do we power down our societies a bit without being overrun by societies that opt not to power down?

Christina here... I don’t know if any of you caught it, but Elizabeth Kolbert, who specializes in writing about climate change and our efforts (or lack thereof) to stop driving it, recently had another interesting article in the New Yorker. This article explored, to quote the title, the “obscene energy demands of AI,” or more specifically, of AI, like ChatGPT and Midjourney, that processes astronomical amounts of information every time it is used.

To take a moment to be totally self–centered about this, how interesting—and how timely! Ariel and I just discussed solarpunk’s use of and attitude toward AI, especially the image generating kind, when we recorded THE FIRST EPISODE OF SEASON 5—WOOT!—which you’ll have early access to toward the end of this month. But, for all that we found to consider about it, we didn’t touch on the enormous electricity consumption associated with AI image generation. Which now puts me, personally, far more solidly in the this is a bad idea camp, even if people are using AI to put POC into amazing imaginings of a super future. But Elizabeth Kolbert’s article—which you should definitely read!—gives me this chance to broach the subject, even if it is a few weeks before Season 5 begins, and explore it briefly further.

To give you a brief sneak peak: in our Season 5 opener, Ariel and I talk about solarpunk’s relationship with tech. Because solarpunk is both highly tech–centric and highly tech–skeptical, which is kind of a cool combination. Solarpunks are always asking should we or shouldn’t we use that tech and wouldn’t the world be a better place if we weren’t all always asking that question! Meawhile, the should we or shouldn’t we of AI and cryptocurrencies are already points of, if not contention, then at least deep disagreement between solarpunks. Again, I’m pretty much in the NOPE camp, all the more so now after reading Elizabeth Kolbert’s article.

As Elizabeth Kolbert explains, along with cryptocurrencies, AI like ChatGPT and Midjourney are shocking electricity hogs and... which I hadn’t previously realized... prolific producers of e–waste (because there are so many servers involved and they need to be replaced as they age). As she points out in the article, a single Bitcoin transaction produces the equivalent amount of e–waste as an iPhone. If that’s the case, there’s no way that all but a tiny fraction of the world can switch over to using digital currencies. Even worse, if that’s the case, shame on people making their fortunes buying and selling them. The world just doesn’t have the resources to sustain that! Not without environmental and ecological devastation and a heavy price in human lives and well being. But I think the most important thing Elizabeth Kolbert points out in her article stands already in the subheader: “How can the world reach net zero if it keeps inventing new ways to consume energy?”

One of the interesting things that certain historians (and the evolutionary biologist Geerat Vermeij, of whom I am a big fan) have pointed out is that there is a directionality to history. If you over look the bumps and wiggles and occasional serious crashes, over time, populations that use lower amounts of energy per capita per year have given way to (or been crushed by) populations that use higher amounts of energy per capita per year. You can see this in the general takeover of Earth’s ecosystems by human beings and you can see this over the course of human history. Our trajectory has taken us from manpower only, to using animals and burning wood to get work done, to moving on to fossil fuels, solar, wind, and nuclear energy and hydropower to increase our productivity and our ability to move ourselves and our stuff around. For centuries already, no other animal on Earth has had as much power per capital at its disposal as we do. Meanwhile, the countries with the highest per capita uses of energy have come to rule the world politically, economically, and even to some extent culturally.

If you looks at the shifts from using our own hands to get work done (back until the Neolithic sometime), to using wind and animals to get work done (like milling grains and ploughing) to burning wood and then later coal to run steam engines and the on to burning fossil fuels in internal combustion engines, it’s easy to see that each one has been a big step up in our per capita energy use. It’s also easy to see that we have not yet reached the ceiling! Throughout our fossil fuel phase; even as we improved our machinery and made it more energy efficient, this never resulted in a drop in per capita power expenditure. Instead, we used the increased efficiency to get more power out of our machines, making them bigger, faster, stronger, more complex, and less expensive, and therefore more widely available to more people. All of which led to massive increases in per capita energy use. We have always been as powerful as we can literally afford to be rather than using increases in energy efficiency to lower our per capita use of energy.

Even now, as our vehicles and toys and tools have become more energy efficient, we’ve responded by buying more of them and doing more things with them. At this point, who doesn’t have a computer or a laptop, plus maybe a tablet, and definitely also a smartphone. Who doesn’t upload photos and documents to “the cloud” of distant servers that guzzle up enormous amounts of energy? Who doesn’t do Google searches at the drop of a hat instead of hauling themselves to the book or library that would also hold the answer? We take advantage of all of these possibilities because they are there (and in part because we don’t want to be left out or left behind). But, most importantly, we use all of the extra energy it takes to fuel these things because we can afford to pay for it. ChatGPT and image generators like Midjourney guzzle increasingly incredible bundles of electricity, but, still, chatting with ChatGPT or getting it to write an essay for you is a hell of a lot easier on the personal budget than reading by candlelight was 200 years ago... even though it consumes orders of magnitude more energy.

The problem with all of this inventing of new ways of consuming power is, of course, the climate is in crisis thanks to our continuing pumping of greenhouse gases into the atmosphere in large part via our production and consumption of energy. For our own good and that of the rest of Earth’s surface biosphere, we ought to have hit net zero greenhouse gas emissions yesterday, or better yet ten years ago already. Instead, the goal keeps receding into the distance, even as we develop our capability to generate electricity via renewable, low–carbon means, because our per capita energy use just goes up and up and up. That’s where this idea that shifting toward a lower per capita power consumption is, on some level, inherently impossible rears its very ugly head. Shifting to a lower energy use is against the way systems naturally evolve and totally counter to the way human beings inherently operate (which is to say, we tend to do what’s possible—and push that envelope—rather than doing what’s wise). Another great obstacle to lowering our per capita energy use per year is that the society that powers itself down a bit puts itself at the mercy of the societies that keep striving for more power per capita. At some point, they’ll have the machinery, weaponry, wealth, and resources to wipe the powered down societies off the map. So why would you open yourself and your fellow citizens to that sort of existential risk?

Our failure to power down our societies is not inevitable, of course. We are animals capable of reason. Dilemmas like these are why we have governments, negotiations, diplomats, international law, and treaties. But treaties only work until someone decides to break them—case in point, Ukraine giving up its nuclear weapons in 1994 for promisesnot to be invaded by Russia, the US, or the UK.

This means right now, humanity is in terrible situation with difficult options. We need to power down our lives because the way we live and the way we consume things, including power, is unsustainable. It would take three Earths and all that and we really need to stop emitting greenhouse gases to the atmosphere NOW. We’re already in pretty serious hot water on the climate change front. But to do so is counter to our tendency to innovate and adopt new technologies and to do absolutely the most we can afford to do (and buy absolutely the most we can afford to buy). Meanwhile, powering down would very possibly leave us at the mercy of societies that chose not to go that route.

Who is trying to steer us through this mess toward a better rather than worse out come? Honestly, where is the global leadership on this front? Nowhere in sight. Because no politician in the world is going to suggest that we need to become less powerful. And no country in the world is going to rein in AI and cryptocurrencies, not unless all the others and all the big businesses and all the tech companies agree to these things. I hate to say it, it’s really, really hard to see that happening. There’s simply too much power and money to be made.

If there is a role for solarpunk here, it is in imagining pathways out of this mess. How could we come to power down the world a bit and begin living actually sustainably? Because right now really, all this talk about sustainable technology is just a silly, soothing bit of mumbo jumbo. Not when, at the same time, cryptocurrency and AI use is going through the roof.

Get on it, solarpunks! We need visions, and even, simply, to get the word out that this is a serious problem.

[oracle-global]

Oracle can accurately capture the value of various data assets and monetize its big data AI investments

In the context of the gradual rise of the global new generation of information technology wave, blockchain plays an important role in the new round of scientific and technological revolution and industrial transformation.

With the widespread implementation of blockchain applications, blockchain technology such as smart contracts, big data, AI, etc. are becoming more mature, and the integration of blockchain technology with finance, supply chain, medical care, law, people's livelihood, education, copyright, public welfare, etc. is also closer, and the blockchain industry is in a stage of vigorous development.

With the continuous construction and improvement of digital infrastructure such as Web 3.0, big data, artificial intelligence, and industrial Internet, more new scenarios and new applications have emerged. With the frequent benefits of the DeFi industry, the oracle project has also caught this express train and entered the rapid ascent channel.

Oracle can accurately capture the value of various data assets and monetize its big data AI investments

Thanks to the world's leading cross-chain oracle technology, Oracle can lock in the buying and selling points of assets in global decentralized exchanges in a very short time, as well as the value difference between decentralized exchanges, and quickly realize benefits through on-chain AI technology and enter the Oracle insurance pool.

Oracle oracle uses the blockchain consensus mechanism to enable data to be shared in the centralized and decentralized world, linking the global data asset market.

The price oracle generates the market fair price data under the chain for the on-chain smart contract call, so as to provide efficient, accurate and safe on-chain price, volatility and other data for quantitative investment and update it in a timely manner, Oracle can accurately obtain the value of various data assets, and use quantitative investment strategies to profit.

Oracle Hub is an extensive trading port

The Oracle oracle network opens the door to cross-chain interaction between executions, combining the efficient and data-independent interaction of COMOS with the underlying functional components of Polkadot to achieve scalability.

Specifically, Oracle can achieve data interaction with each independent blockchain network through the oracle network, and also adopts the Oracle Hub setting to connect technical resources, business requirements, existing blockchain functional components and practical business chains, so as to achieve scalability while meeting different business needs.

If you think of each blockchain network as a ^ city, then Oracle Hub is equivalent to a ^ four-way trade port, with perfect infrastructure, strong technical resources, efficient circulation interaction, can realize the needs of different blockchain cities, and has strong scalability.

Oracle Hub capabilities are specific to the blockchain world and can be cross-chain services such as chain registrars, automated market makers, Ethereum bridges, Bitcoin bridges, and close connections to the broader digital economy; It could also be shared security and fundraising for new blockchains, providing cross-chain accounts and devices for capital formation.

[raeloganthesonic06fangirl]

Hi, I saw in a previous post of yours that you had the second issue of the new dwd comics and was wondering your thoughts on how Drake has been funding his and Gosalyns life on 90s plushies

Like do you think Quackerjack’s a regular buyer? (imagine if Darkwing somehow finds out that he actually profits from QJs crimes)

(your posts always brighten my day :3 btw)

Honestly, this made me laugh so much because I used to have a pretty extensive collection of TY Beanies that I had mostly gotten from second hand thrifts, and eventually weeded through them and kept a few specifically special ones, such as a King Ghidorah one.

It's really funny because in reality, they only have value to whomever is collecting them, and some are more rare than others, either by limited release or by tag errors. They're basically like the precursor to NFTs and Bitcoin, but you actually have a physical item and your only real leverage is if it's a factory defect, misprint or color error.

The thing about toy collecting is that the aftermarket prices are inconsistent and ultimately are up to the vendors, and if a vendor sees it as a regular old toy that can get sold off easily, you might find a good deal if you know how to flip it and someone is willing to pay.

That said, knowing QuackerJack, he'd probably be one interested in classic Beanies because they're a retro style toy, no gimmicks or extra features to make them work. Absolutely timeless, even. They still make them, although they've gone through a lot of a changes compared to the originals on the TY Beanie Boom, but you can get them at nearly any grocery store, card shop, pharmacy, amusement park, and some are location exclusive and some are seasonal. It's a really devious sort of hook they have, and it's easy to get sucked into collecting them without realizing it.

QuackerJack absolutely would want to hoard these as well. They're retro toys now.

Honestly, it would be pretty funny if Drake set up a public exchange with one of his buyers, and sees QuackerJack's there to pick up the box and hand over the cash. He can't exactly decline the transaction because as far as he knows, QJ doesn't know what his beef with him would be, so it would probably be the most awkward business Drake has had, and QuackerJack probably would think that guy was a weirdo. 😆

((Aww, thank you~))

[azcryptoreviews]

"Bitcoin's Potential Soars: Could It Reach $3 Million Per Coin?"

By George Georgiev | Nov 1, 2023

When it comes to Bitcoin (BTC) price predictions, one analyst is making waves with an eye-popping forecast. Luke Broyles, a respected crypto analyst and Bitcoin advocate, is suggesting that Bitcoin's value could skyrocket to an astounding $3 million per coin. While this may sound outrageous, Broyles presents a compelling case for this bullish outlook.

Broyles points out that despite Bitcoin's impressive market capitalization of $500 billion as of 2023, it still represents a fraction of the world's largest asset classes. To support his prediction, he emphasizes that Bitcoin's adoption rate is currently between 0.05% and 0.5%. If this adoption rate were to increase to 10%, it could drive a 100-fold increase in Bitcoin's value. Even if just 4% of the global population demanded 1 million satoshis, it could lead to Bitcoin's price soaring to astronomical heights.

Drawing parallels with the early days of the internet, Broyles argues that Bitcoin is a triple point asset, serving as a store of value, medium of exchange, and unit of account. He highlights the inherent value of groundbreaking technology, even with low initial adoption rates, as demonstrated by the internet's growth in the late '90s and early 2000s.

As of 2023, Bitcoin has shown resilience by recouping at least 50% of its all-time high from November 2021, currently trading at $34,501. However, much of the recent price action has been driven by news related to a spot exchange-traded fund (ETF), which is now fading in significance.

Achieving Bitcoin's price of $3 million per coin would require a confluence of factors, including regulatory changes, growing demand for risk assets in response to higher inflation, monetary policies enacted by central banks like the Federal Reserve, geopolitical tensions, and more. Broyles isn't the only analyst to make bold predictions about Bitcoin's future, but it's often events like chaos and social unrest that attract the most attention to this digital asset.

In conclusion, while a $3 million price target for Bitcoin may seem audacious, Luke Broyles makes a compelling argument based on Bitcoin's potential for growth and its current low adoption rates. However, realizing this milestone would depend on various influential factors coming into play. As the crypto world continues to evolve, it's clear that Bitcoin's journey is far from over.

Disclaimer:

The views and opinions expressed in this article are those of the author, Luke Broyles, and do not necessarily reflect the official stance of A-ZCRYPTOREVIEWS or its editorial team. Cryptocurrency investments are highly speculative and volatile, and readers should exercise caution and conduct their own research before making any investment decisions. It's essential to understand that cryptocurrency markets are subject to significant risks, including regulatory changes, market fluctuations, and unforeseen events that can impact the value of digital assets. A-ZCRYPTOREVIEWS provides news and information for educational purposes only and does not offer financial or investment advice. Readers are encouraged to consult with financial professionals and experts before making any investment decisions.

[baelthazar]

As a former IT dude, this is the same question I keep asking. What problem is it solving? When companies were outsourcing their entire IT department, because with was the "Next Big Thing", most of them brought them back in house when they realized that it was actually costing them money and wasn't the cost and time saver they thought.

The bosses tried to outsource our IT department three times while I was there, to hit the same metrics it would cost 3x the price of in-house. Got an email problem, call open a ticket or call Wayne and in 5 minutes, it's fixed. Out sourced? Put in a ticket and it may be addressed in 24-48 hours, and good luck talking to a real person.

Same thing with "The Cloud", "Off Shoring" or "Bitcoin" or any of a number of fads. AI is a solution looking for a problem, the "Next Big Thing" or in other words, a bubble that will burst with most of the money spent on it, gone with no way to justify or earn it back.

so like I said, I work in the tech industry, and it's been kind of fascinating watching whole new taboos develop at work around this genAI stuff. All we do is talk about genAI, everything is genAI now, "we have to win the AI race," blah blah blah, but nobody asks - you can't ask -

What's it for?

What's it for?

Why would anyone want this?

I sit in so many meetings and listen to genuinely very intelligent people talk until steam is rising off their skulls about genAI, and wonder how fast I'd get fired if I asked: do real people actually want this product, or are the only people excited about this technology the shareholders who want to see lines go up?

like you realize this is a bubble, right, guys? because nobody actually needs this? because it's not actually very good? normal people are excited by the novelty of it, and finance bro capitalists are wetting their shorts about it because they want to get rich quick off of the Next Big Thing In Tech, but the novelty will wear off and the bros will move on to something else and we'll just be left with billions and billions of dollars invested in technology that nobody wants.

and I don't say it, because I need my job. And I wonder how many other people sitting at the same table, in the same meeting, are also not saying it, because they need their jobs.

idk man it's just become a really weird environment.

[starseedfxofficial]

The Not-So-Obvious 15-Minute Wedge: An Underground Gem When most traders look at charts, they see random lines zigzagging up and down like a toddler with a crayon. But those of us in the know? We see art, we see purpose, and in the 15-minute timeframe, we see an opportunity that moves faster than a sale at your favorite shoe store. (And, yes, unlike that pair of neon loafers you bought, this one is actually useful.) In this post, we're diving into the rising wedge on the 15-minute chart—a pattern that many dismiss or underestimate. But here's the catch: once you understand its potential, the wedge can become a true profit powerhouse in your trading arsenal. The Secret Behind the Rising Wedge Pattern The rising wedge pattern is essentially that one friend you have who seems to have everything going great on the surface but you just know there's a breakdown around the corner—kind of like that time I accidentally hit 'buy' instead of 'sell' and the market decided to take a dive, much like my optimism. The rising wedge is characterized by a gradually tightening upward channel that, surprise surprise, loves to fake people out before sending prices lower. A Quick Rundown of the Pattern To keep it simple, the rising wedge is a bearish reversal pattern. Yes, even when price action seems to be climbing, it's actually moving towards a setup for a decline. It forms when the price makes higher highs and higher lows, but the movement between those highs and lows starts to converge—like a spring coiling tighter. And what happens to a coiled spring when it releases? Exactly. Key Characteristics: - The channel gradually narrows as price action creates higher highs and higher lows. - Volume typically declines, hinting that buyers are getting less enthusiastic as they hit resistance points. - As the wedge narrows, watch for the big break below the support line. This is the ideal moment to enter a short trade. But here’s where the ninja-level tactics come into play: timing your entry, avoiding traps, and maximizing your profit (while avoiding the regret that rivals buying Bitcoin pizza in 2010). The Real Juice: Trading the Rising Wedge on the 15-Minute Timeframe Trading the rising wedge on the 15-minute timeframe is a bit like being at an exclusive club. You get to see moves developing before the bigger crowds catch on. Here are some pro tips to make sure you’re that VIP trader: 1. Look for Divergence—Your Early Warning System One way to boost your odds is by spotting bearish divergence on a momentum indicator (like the RSI). As the price continues to edge higher within the wedge, the RSI might be quietly calling it a day and forming lower highs. This tells you that the price rally is running out of steam. Pro Tip: Think of divergence as that friend who loves to tell you the truth, even when no one else will. It’s the market hinting, "Hey buddy, it’s getting a bit dicey up here." Use that to your advantage. 2. Know the Entry Sweet Spot—Where the Magic Happens The wedge is just about to end, and here’s the golden nugget: you want to get in just as price breaks below the lower support trendline. A lot of traders—the amateurs—wait too long. By the time they realize the wedge is crumbling, the move has already begun, and they’re left wondering why they missed it. Getting in early, within a 15-minute window, gives you the leverage to maximize profits while limiting risk. To make things even sweeter, place your stop just above the last high of the wedge. If it takes out the stop, guess what? It wasn't a valid breakout—meaning the market just did you a favor and kept you from a losing trade. Breaking Myths and Finding Gold Now, let’s bust a couple of myths about the rising wedge pattern: Myth #1: Rising Wedge Is Always Bearish That’s not true. Rising wedges can also form during uptrends, continuing the bullish movement. But here's the secret: it’s about context. In a 15-minute timeframe, you're more likely to find it acting as a reversal signal, especially in range-bound markets. Remember, not every wedge is born to fall, but they do love to trick traders into thinking the rally will go on forever. Myth #2: The Breakout Always Leads to Massive Moves The rising wedge breakout on a 15-minute timeframe doesn’t necessarily mean we’re going to the moon (or plummeting to the earth’s core). Sometimes, these moves are subtle. Recognizing the pattern and taking small, consistent profits is what turns you from average to exceptional. And isn’t that what we're all here for? Ninja-Level Exit Tactics Alright, so you’re in. Congratulations! But before you start patting yourself on the back, it’s important to know when to get out. One method is using the measured move, essentially calculating the distance between the initial high and low in the wedge and projecting it from the breakout point. Or, you could do what some pros do and set trailing stops—allowing profits to run until there’s a clear reversal signal. Avoiding Common Pitfalls We’ve all been there: staring at a chart, seeing a rising wedge, and telling ourselves, "This is the moment I’ve been waiting for." Only to realize after hitting the button that we were totally wrong and the market just played us like a bad sitcom plot twist. 1. Don't Force It If the wedge looks forced—like it's one of those 'kinda looks like' situations—leave it alone. Not every narrowing channel is a wedge. Real talk? If it looks like that one weird cousin at family gatherings, it’s probably not a valid wedge. Only trade those that are textbook perfect, or you’ll be kicking yourself when the market moves in the opposite direction. 2. Volume Matters As the wedge narrows, volume should taper off. It's a clear signal that traders are losing confidence in the continuation. But if volume is blasting off like fireworks on New Year’s Eve, maybe reconsider—you might be looking at something else entirely. Real-World Example: The Power of Patience A perfect real-world example happened earlier this year. A 15-minute rising wedge formed on EUR/USD, just around a major resistance level. Traders who recognized the pattern and patiently waited for the breakdown were able to ride the subsequent bearish move for over 40 pips. The pattern took nearly four hours to develop, but patience, in this case, paid off. It’s like the ultimate slow-cooker recipe—you have to let the flavors build. The Big Takeaway If there's one thing you should remember, it's this: the rising wedge pattern is a master at creating false hope. It tricks the market into thinking everything is peachy—only to suddenly shift gears. Learning to identify and trade this pattern effectively on a 15-minute timeframe gives you an edge most traders lack. And here's the part where I drop a bombshell: mastering this wedge can be simpler than you think when you understand context, volume, and divergence. Like any good strategy, it's about consistency, managing your risk, and never forcing a setup. So, the next time you see a rising wedge, treat it with the respect it deserves. Let it develop, keep an eye on those divergences, and be ready to pounce when the moment is right—before you end up like that friend who bought those neon loafers. Take Action: Ready to up your wedge game? Head over to StarseedFX's Free Forex Courses and get access to in-depth materials that'll make your understanding of wedge patterns sharper than ever. Or join our community at StarseedFX Community for daily alerts, live analysis, and ninja-level tips to stay ahead of the market. And don’t forget: you miss 100% of the wedges you don’t see. Let’s keep an eye out together. —————– Image Credits: Cover image at the top is AI-generated   Read the full article

[coineagle]

Is Bitcoin’s March Toward $100k Backed by Robust ETF Demand?

Key Points

Long-term holders (LTHs) of Bitcoin are taking profits, but this is balanced by demand from spot Bitcoin ETFs.

Despite profit-taking by LTHs, Bitcoin’s price remains bullish as it inches closer to the $100,000 milestone.

Bitcoin’s current trading price is approximately $98,000. The market sentiment surrounding Bitcoin (BTC) remains positive as it moves closer to the significant $100,000 mark.

Bitcoin’s Long-Term Holder Activity

Market participants are keenly observing on-chain metrics to understand the market dynamics. Notably, profit-taking activities by long-term holders (LTHs) are evident. However, the rising demand from spot Bitcoin ETFs is offsetting this. The interaction between these factors could potentially influence BTC’s price trajectory in the near to medium term.

Data from the Long-Term Holder Position Change chart shows a significant increase in distribution, indicating a sharp decrease in LTH net positions in recent weeks. This phase is marked by considerable profit-taking activities. It is typical for the shift from accumulation to distribution during bull markets as LTHs profit from their long-term holdings.

The Long-Term Holder Spending Binary Indicator, which signals LTHs’ risk levels in terms of profit realization, is currently reflecting a “High Risk” zone at around 0.8. Historically, similar risk levels have coincided with local price peaks, suggesting caution for investors banking on a sustained rally beyond $100,000.

Demand for Bitcoin ETFs

The sell-off by LTHs is being counterbalanced by the robust demand for Bitcoin ETFs. Over the past month, the Spot ETF Position Change chart has recorded consistent inflows, with over 450,000 BTC allocated to ETFs. This indicates the strong interest of institutional investors, who consider ETFs as a simplified entry point into the crypto market. These ETF flows are crucial in absorbing the selling pressure.

In October, when LTH distribution intensified, ETF holdings experienced their most significant increase in months. This suggests that the demand from new participants and institutions could maintain Bitcoin’s price momentum.

Bitcoin’s Bullish Continuation

Bitcoin’s daily chart presents a promising technical outlook. The price remains well above key moving averages, with the 50-day and 200-day Moving Averages providing strong support levels at $74,000 and $65,000, respectively. Furthermore, the Bollinger Bands indicate increased volatility, with BTC trading near the upper band—a sign of bullish momentum.

Momentum indicators like the MACD and RSI further confirm the positive sentiment. The MACD is in bullish territory, with the histogram showing growing momentum, while the RSI is at 81, indicating overbought conditions. However, historical price trends suggest that Bitcoin can sustain rallies under such conditions during bull runs.

The interplay between profit-taking by long-term holders and demand from spot Bitcoin ETFs underscores a market balancing act. While the risk of a correction due to elevated LTH activity is present, the influx of institutional capital via ETFs could support Bitcoin’s bullish momentum. As BTC approaches $100,000, these metrics will be instrumental in shaping its path forward.

[unpluggedfinancial]

The Quiet Revolution: How Bitcoin is Reshaping the World Without You Even Knowing

While many focus on Bitcoin’s price movements and financial potential, the quiet revolution it has sparked goes far beyond wealth accumulation. Bitcoin is doing more than reshaping the financial system—it’s influencing politics, technology, and even the way we think about value and ownership. This transformation is happening right under our noses, and its impact could be far greater than we realize.

Political and Social Impact: Bitcoin as a Tool for Freedom

In regions where political instability, corruption, and hyperinflation are rampant, Bitcoin has become a beacon of hope. Unlike traditional currencies, which are controlled by governments or centralized institutions, Bitcoin is decentralized, borderless, and accessible to anyone with an internet connection. This allows individuals to bypass corrupt financial systems and safeguard their wealth.

Take Venezuela, for example, where hyperinflation has devastated the national currency. Citizens are increasingly turning to Bitcoin to preserve their wealth and make international transactions. Similarly, in Nigeria, where currency controls have restricted access to the global economy, Bitcoin provides a lifeline, enabling people to store value and trade freely.

Beyond personal wealth protection, Bitcoin is also empowering social movements and activists. It enables people to fund causes, protest governments, and navigate around oppressive financial regulations. The ability to transfer wealth without the need for banks or government approval is giving power back to individuals, making Bitcoin not just a financial tool, but a political force.

Key Takeaways:

Bitcoin as a lifeline in politically unstable or corrupt regions.

Empowering individuals to bypass oppressive financial systems.

Supporting social movements and activists globally.

Technological Innovation: Bitcoin’s Blockchain Beyond Finance

While Bitcoin’s role as a currency tends to dominate discussions, its underlying technology—blockchain—is quietly reshaping industries far beyond finance. Blockchain’s decentralized, transparent, and secure nature allows it to revolutionize systems that require trust and verification. Sectors like supply chain management, healthcare, and even voting systems are starting to explore blockchain as a foundational technology for the future.

One example is supply chain management. Blockchain enables companies to track goods and materials across borders in real-time, ensuring transparency and reducing fraud. Similarly, blockchain technology is being explored in healthcare to create secure patient records that are tamper-proof and accessible only to authorized parties. In voting systems, blockchain can ensure secure, transparent elections where each vote is traceable yet anonymous.

The decentralized nature of blockchain cuts out the need for middlemen, creating more efficient, secure systems. Bitcoin was the first application of blockchain, but its technology is now expanding into every corner of our lives.

Key Takeaways:

Blockchain technology is being adopted across industries like healthcare, supply chain management, and voting.

Bitcoin’s blockchain is the first step toward decentralized systems that improve security, efficiency, and transparency.

Blockchain enables trustless, peer-to-peer transactions beyond just finance.

The Philosophical Shift: Redefining Value and Ownership

Bitcoin is challenging the very concept of value and ownership. For centuries, we’ve relied on governments and centralized institutions to determine what is money and how it’s controlled. Fiat currencies, like the US dollar, can be printed endlessly, leading to inflation and the devaluation of people’s savings. But Bitcoin is different—it’s finite, transparent, and decentralized. Its scarcity gives it value in a way that fiat currencies cannot replicate.

This shift forces people to rethink their relationship with money. For the first time, individuals can own an asset that is completely outside of government control. Bitcoin is stored on the blockchain and secured by cryptography, giving people true ownership over their wealth. Unlike traditional financial systems, no one can confiscate, inflate, or manipulate Bitcoin without your consent.

As more people adopt Bitcoin, we are seeing a broader philosophical shift. People are beginning to question the fiat system they’ve been taught to trust and are embracing the principles of sound money, where value is determined by market forces, not government decree.

Key Takeaways:

Bitcoin is redefining how people think about money and value.

Its scarcity and decentralized nature offer true ownership, free from government control.

Bitcoin encourages a shift toward sound money principles, challenging the traditional fiat system.

Conclusion: The Quiet Revolution is Here

While the headlines may focus on Bitcoin’s price swings or its use as an investment vehicle, the reality is that Bitcoin’s impact goes much deeper. It’s reshaping politics by empowering individuals in oppressive regimes, it’s driving technological innovation across industries, and it’s challenging our very understanding of value and ownership. Bitcoin’s quiet revolution is happening now, and as more people wake up to its potential, the world will never be the same.

Bitcoin is not just a financial tool—it’s a movement toward a more decentralized, transparent, and free world. And as this revolution continues, those who recognize it early will be part of a profound shift in how we live, work, and transact in the future.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

📺 YouTube Channel: Unplugged Financial Subscribe to our YouTube channel for engaging video content that breaks down complex financial topics into easy-to-understand segments. From in-depth discussions on monetary policies to the latest trends in cryptocurrency, our videos will equip you with the knowledge you need to make informed financial decisions.

👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

Support the Cause

If you enjoyed what you read and believe in the mission of spreading awareness about Bitcoin, I would greatly appreciate your support. Every little bit helps keep the content going and allows me to continue educating others about the future of finance.

Donate Bitcoin: bc1qpn98s4gtlvy686jne0sr8ccvfaxz646kk2tl8lu38zz4dvyyvflqgddylk

[ladookhotnikov]

Beware of Bitcoin!

Bitcoin will rise to $500,000 if Trump accepts it as a strategic asset of the United States, a crypto billionaire Michael Novogratz said in an interview with Bloomberg. According to the expert, the scenario is real.

Of course it is. If this really happens, a chain reaction will begin: everyone will rush to buy Bitcoin and it will grow to indecent values.

While the growth continues, the United States will be slowly exiting the market, so to speak, “in a ladder fashion”, thus zeroing out its exorbitant national debt, selling “air”, that is, Bitcoin, and receiving real money in return.

Only after the speculative race subsides, those who enter the market at the peak will most likely be left with expensive digital “wrappers” and the realization that the strategic game was won by someone else.

Moreover, if we hypothetically imagine that all bitcoins will be bought up, a paradox will arise: instead of a tool for getting out from under the control of banks and regulators, we get an asset that, in fact, will again be controlled by large players, only under new names.

In general, the idea of ​​​​a nationwide accumulation of bitcoin is attractive to certain circles, but in reality this race turns against the very idea of ​​​​cryptocurrency as a decentralized asset available to the mass user.

And who to sell bitcoin to if the price reaches a million dollars?

Let's imagine that states create a deficit that inflates the cost of one bitcoin to a million dollars. Then the rise in price to obscene prices will automatically narrow the circle of buyers. Who is really able to buy bitcoin at such prices? Ordinary citizens?

Since states will buy bitcoin with one goal - to protect themselves from inflation, then with their own hands they will drive themselves into a "golden cage" in which there will be no place for buyers who are able to continue to support the market price. As a result, the market will close in on a small number of large “holders”, and the asset will turn into dead weight, that is, illiquid goods.

Illiquidity will be expressed in the fact that as soon as one of the large players wants to sell their bitcoins, it will be necessary to find someone who will buy these bitcoins from them. It turns out to be a vicious circle.

In addition, as soon as bitcoin becomes the subject of diversification at the state level, people will start looking for an alternative. That is, instead of a “people's” currency, we will get “digital gold” with a high entry threshold, disconnected from the tasks of the real economics tasks and human needs.

The result? Attempts to “capture” bitcoin will inevitably undermine its essence and make it unprofitable for all participants, except for a narrow circle of large players, who by that time will already be, as they say, “out of the market”.

[blockinsider]

Bitcoin Miners Deposit $4B Amid BTC Price Teasing $90,000 Mark

Key Points

Bitcoin miners have moved 45,000 BTC to exchanges as Bitcoin’s price reaches a new high above $90,000.

Large transfers to exchanges may indicate potential selling activity or operational moves by the miners.

Bitcoin miners have transferred a significant amount of 45,000 BTC to exchanges over the course of three days starting from November 12. This movement coincided with Bitcoin’s price reaching an all-time high of over $90,000.

According to data from CryptoQuant, the miners moved a total of 24,138 BTC on November 12. This marked the first significant movement from this group and the second-largest daily outflow from miners this year.

Continued Movement and Market Reaction

As Bitcoin’s price soared past $93,000 the following day, an additional 15,840 BTC was moved to exchanges by the miners. This trend persisted on November 14, with another 5,500 BTC being transferred. Hence, over these three days, Bitcoin miners moved a cumulative total of 45,000 BTC to exchanges.

Large transfers to exchanges are often perceived as a sign that miners may be planning to sell, potentially capitalizing on the recent price surge. Interestingly, this surge in transfers was accompanied by a slight correction in Bitcoin’s price, which temporarily fell below $90,000 and is now trading around $87,000.

However, such outflows don’t always signify selling activity. Miners sometimes move Bitcoin to external addresses for operational reasons, and in some cases, these transactions may simply involve internal wallet reorganizations.

Other Contributing Factors

Aside from the Bitcoin miner sell-off, other factors are also contributing to a BTC price sell-off. For instance, the current US inflation data shows a spike that could potentially halt future Federal Reserve rate cuts. This could also delay the future BTC rally.

In addition to Bitcoin miners, whale deposits to crypto exchanges have also increased.  A whale recently deposited 1,920 BTC, valued at approximately $169 million, to Binance according to Lookonchain data. Over the past three days, the same whale has deposited a total of 4,060 BTC, worth around $361 million, to the exchange.

Ali Martinez noted in a recent post that $5.42 billion in Bitcoin profits were realized as the price surged. This increase also brought the sell-side risk ratio to 0.524%, signaling caution for investors. Additionally, the Bitcoin RSI also shows that the asset is currently in the overbought conditions.

Furthermore, the spot Bitcoin ETFs registered an astonishing $400 million outflows on Thursday, November 14. This occurred after days of strong inflows into the investment products following the Donald Trump victory on November 5. While BlackRock’s Bitcoin ETF (IBIT) has seen an influx of $126.5 million, other funds like Fidelity’s FBTC and Ark Invest’s ARKB have experienced $100 million outflows each.

[hashbranch]

How to Maximize Mining Profits with Hashbranch's Hosting Solutions

Mining Bitcoin comes with challenges. You can profit by mining Bitcoin if you can locate dependable equipment and reasonably priced hosting. Usually, miners spend too much time knowing where to begin. Later, they realize that they aren’t making as much profit as they are investing in mining. Be it a newcomer or experienced miner, all miners should learn more about customized methods of mining and crypto mining hosting. Hashbranch understands these problems. It offers customized mining strategies to increase profits.

The Correct Mining Configuration

Maximizing profits depends entirely on the correct mining environment. Hashbranch's first approach is to match the clients with the appropriate operators. Its system links over eighty-plus separate bitcoin mining hosting sites throughout the country. To support the faster mining, it has roughly 1.4 GW of electrified capacity.

Additionally, companies have huge investment information along with a list of hardware. Miners can select from a confirmed hardware and facilities list to prevent costly mistakes.

Value Addition with Hashbranch

Maintaining tools is one of the crucial steps that miners lack. New-time miners barely know how to fix the underlying issues without any external help. Well, if maintenance is your concern, then Hashbranch is your savior. The company helps reduce downtime, manage hosting facilities, and handle relocation.

Moreover, a team of experts gets involved in every step of mining so that they manage the upcoming issues without causing any damage.

Ongoing Help for Your Mining Success

Installing mining processes and devices is just the start. Hashbranch also provides post-installation services such as tracking the entire system, regular check-ups, and monitoring the mining gears in real-time. Real-time tracking keeps miners updated on the system's conditions.

Additionally, the experts are always ready to answer queries. Overclocking options can boost performance when possible. It can bring more profits from the same hardware. And with warranties in place on new purchases, hardware problems don’t lead to long-term disruptions.

Open Pricing Model

Hashbranch provides simple and transparent pricing. All hosting services cost around $7 per mining unit monthly, without hidden expenses. Hashbranch negotiates the finest hosting rates to ensure clients gain from affordable operations without sacrificing the quality of the services.

Hashbranch removes the ambiguity from Bitcoin mining. It helps miners at every stage with crypto miner hosting to ensure the equipment is safe and revenues remain constant.

If you are exploring Bitcoin mining hosting options, check out https://www.hashbranch.com/

Original Source: https://bit.ly/40Nc8u8

[financialnewshub]

Bitcoin miners sell small portion of holdings, but market indicators suggest room for further gains: CryptoQuant

As bitcoin surged to a new all-time high above $93,500 on Wednesday, some large-scale miners have taken the opportunity to realize profits, selling a portion of their holdings amid the rally, according to CryptoQuant data. “Some large bitcoin miners have reduced their holdings as the price reached new all-time highs to take some profits. Although the amount of selling is still small, around…