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[glamorousplus]

Bitcoin Price Will Hit $50,000 In Under A Year, This Economist Says https://wonder8news.sgpedia.in/bitcoin-price-will-hit-50000-in-under-a-year-this-economist-says/ #bitcoinusa #bitcoinmining #bitcoin2million #bitcoinprice #Bitcoin2023 #bitcoinnews https://www.instagram.com/p/CqFh9pqrnlv/?igshid=NGJjMDIxMWI=

[cryptohubsstuff]

On-chain data shows large Bitcoin whales have finally started accumulating in the last 10 days as BTC has rallied strong. Large Bitcoin Whales Have Added 37,100 BTC To Their Holdings In Recent Days As per data from the on-chain analytics firm Santiment, multiple Bitcoin holder groups have displayed some strong accumulation recently. The relevant indicator here is the "BTC Supply Distribution," which tells us which wallet groups on the network are holding what percentage of the total supply right now. The wallet groups here refer to ranges that denote the upper and lower bound for the number of coins that each wallet in a given group is currently holding. For instance, the 1-10 coins band includes all wallets that are carrying at least 1 BTC and at most 10 BTC right noW. The Supply Distribution metric for this group would then show the share of the total Bitcoin supply that the combined balances of all the wallets falling into this range currently occupy. In the context of the current topic, there are three wallet groups of interest: 10-100 coins, 100-1,000 coins, and 1,000 to 10,000 coins. As displayed in the above graph, the total percentage of the Bitcoin supply held by the 10-100 coins band has been rising for the past 10 weeks or so. Holders with balances in this range are usually called "sharks." In this recent period of strong accumulation, these sharks have added 105,600 BTC to their holdings so far. The 100-1,000 coins band started accumulating a bit later than this group, as their holdings saw a rise of 67,000 BTC during the last 8 weeks. Investors belonging to this cohort are generally small whales, and they make up an important part of the BTC market. As the latest rally in the price of the crypto (where BTC has already touched as high as $21,000) has come following this strong accumulation from these two cohorts, it would appear that this buying from them helped build up a base for it. #bitcoinguru #cryptotraders #antminers #bitcoininvestor #cryptoinvestor #bitcoinusa #cryptonews #dashcoin #bitcointrade #cryptotrader #cryptoworld #coinmarketcap #altcoin #bitcointechnology #monero #bitcoinasia #cryptocrunchapp #bitcoinminingusa #daytraders https://www.instagram.com/p/CnjeT2hMXDE/?igshid=NGJjMDIxMWI=

[fxpip]

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[stephanieharry]

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[smallcomic]

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[goodboysclubofficial]

How many Bitcoins will be mined in 2022?

Currently, about 900 new Bitcoins are mined every day. If this continues throughout 2022, about 328,500 Bitcoins could be mined this year.

Interestingly, more people mining Bitcoin does not lead to an increase in the number of coins mined. The block reward is currently set at 6.25 (it will stay that way until the next bitcoin halving), and a block is mined about every 10 minutes. Increased competition for blocks will lead to a higher hash rate, but the number of new coins mined will remain the same.

Alternatives to mining bitcoin

For those who opt for the tedious task of mining cryptocurrencies, the best cryptocurrency to mine might be the one with the least difficulty and the highest price.

Of course, this dynamic is subject to constant change, so the best cryptocurrency you can mine today may not necessarily be the best currency tomorrow.

Historically, altcoin miners have only made significant profits when they have mined lesser-known, cheaper coins in the weeks and months leading up to a big price spike or "alt season." This has happened twice so far - once in 2017 and again in late 2020/early 2021.

Smaller altcoins tend to have a lower difficulty level, so it's easier to mine more of them in a short period of time.

Significant investment in mining altcoins is comparable to buying a lottery ticket. The chances of success are low, but the payoff could be substantial for a lucky few.

Is it worth mining Ethereum in 2022?

Some may say that mining Ether (ETH), the token that powers the Ethereum network, is worthwhile in 2022 because it could be the last year in which it is possible.

Recommended: Ethereum 101: What is Ethereum and how does it work?

Ethereum developers are working on an upgrade to the network called "Ethereum 2.0." This upgrade will change the consensus mechanism for Ethereum from proof-of-work to proof-of-stake. The first phase of the upgrade began in December 2020 and the final phases are planned for 2021 and 2022.

While it will still be possible to mine ETH as long as the network uses Proof-of-Work, this will no longer be possible with Proof-of-Stake. Instead, only those who own large amounts of ETH will be able to deploy their tokens and become "validators." Validators will have the chance to win the rewards of the next block, with the highest chances of winning going to those who have deployed the largest amount of ETH.

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[byronbenito]

Reposted from @sharecrypto In a recent research note, JPMorgan Chase, the largest U.S. bank, writes that that the current total cryptocurrency market cap is tracing the path of the 2018 bear market. Multiple major cryptocurrencies, including Dogecoin, Litecoin, Chainlink, and others, are already down more than 60 percent from their recent peaks. Bitcoin, the crypto king, is also 48 percent away from its Apr. 14 peak at the time of writing. For the entire cryptocurrency industry, the crypto winter of 2018 was one of the most severe drawdowns ever, with some prominent projects losing nearly 99 percent of their value and hundreds of projects ending up dead. JPMorgan believes that there’s more downside in store for Bitcoin, setting its medium-term Bitcoin target at as low as $23,000. Guggenheim's Scott Minerd recently said that $10,000 could be Bitcoin’s “worst-case” scenario. Presently, China banishing almost of its miners is the dominant bearish narrative. However, according to JPMorgan, the ban will be “positive” for Bitcoin in the medium-term: The crackdown on mining operations in China should be considered as positive for bitcoin over the medium-term as it accelerates a shift away from China's high share in bitcoin's hash rate. #ethereummining #bitcoinindonesia #antminers #cryptoexpert #bitcoinaustralia #bitcoinusa #bitcoininvesting #sharecrypto #bitcointrade #cryptotrader #cryptolife #coinmarketcap #bitcointrading #bitcoins #monero #ethereumtrading #cryptocrunchapp #blockchainconference #cryptocollabs (en Guayaquil, Ecuador) https://www.instagram.com/p/CQogBGCFwDg/?utm_medium=tumblr

[glamorousplus]

Payment Giant Stripe Clinches $6.5B Funding at $50B Valuation https://wonder8news.sgpedia.in/payment-giant-stripe-clinches-6-5b-funding-at-50b-valuation/ #bitcoinprice #bitcointrading #bitcoinmining #bitcoinusa #bitcoinnews #apple https://www.instagram.com/p/Cp4fTwPhXF9/?igshid=NGJjMDIxMWI=

[elliottwavemonitor]

BTC/USD TimeFrame Daily Disclaimer Investing carries risk of losses and trading futures are especially risky & may not be suitable for all the traders because they can lose more than their initial margin funds, therefore you should consider your investment experience as well as financial condition before deciding if trading is suitable for you. Information provided by @fxoverview is expressed in good faith The market service that never makes mistakes never exist and investing in market demands recognition that errors are part of any effort to evaluate future probabilities. #btc #btcusd #btcmining #bitcoinusa #bitcoinbillionaire #bitcoinmining #fx #bitcoinprice #bitcointrading #elliottwavemonitor #investor #investors #bitcoinvalue #bitcoincash #bitcoins #usa #canada #bitcoinasia #bitcoinnews #bitcoin #bitcoinexchange #bitcoincanada #bitcointrade #bitcoininvestment #bitcoincharts #bitcointrader #bitcoinminer #elonmusk #elliottwave #fxoverview https://www.instagram.com/p/CSeB0wvMMzu/?utm_medium=tumblr

[cryptofighter94]

BITCOIN ANALYSIS BTC/USDT Bitcoin had been witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average ($45,692) for the past few days. The bears pulled the price below the 200-day SMA on Aug. 17 but they could not break the 20-day exponential moving average ($44,183) support. Aggressive buying at the 20-day EMA pushed the price back above the 200-day SMA on Aug. 19. The rising 20-day EMA and the relative strength index (RSI) near the overbought territory indicate that bulls are in control. If buyers sustain the price above $48,144, the BTC/USDT pair could pick up momentum and rally to $51,500 where the bears may again mount a stiff resistance. If bulls can arrest the subsequent decline above the 200-day SMA, it will signal strength and increase the prospects of the continuation of the uptrend. A breakout of $51,500 could lay the tracks for a possible up-move to $60,000. This bullish view will invalidate if the price turns down and breaks below the breakout level at $45,451.67. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinusa #bitcoinpump #bitcoinbullish #bitcoinpricedaily #bitcoinmining #bitcoinasia #bitcoindaily https://www.instagram.com/p/CS10YuFsobN/?utm_medium=tumblr

[scottpetersonwilliams]

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[dailytech-info]

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[btcmemes]

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