#if your name is motley you did not see the soft launch of this post in our dms
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Slutty Todd Whoreish Barber of Fleet Street is this anything
#black veil brides#bvb#andy biersack#andy bvb#guy of all time 🖤#maeve.png#if your name is motley motley-cunt you did not see the soft launch of this post in our DMs#he’s just so. what the fuck dude.
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08 | gangsta ; sweet pea
Notes:
SO.. I uhh... Got super into writing this recently. I just really liked where it was heading after part 7. Yes. Yes, I realize that literally no one asked for more of this but.. I wrote it. Might as well share it.
I need to amend what I said about this being non canon compliant. It does mention things that happen in canon. Some of them even.. Happen. But differently. And a little out of order as I saw they fit into my own personal timeline. Also.. I’m gonna throw in some totally of my own creation stuff into here as well. I don’t exactly know what all that’ll be yet, but.. Yeah.
This is the first of four parts I have already written and waiting to go. I know, I know.. Literally no one asked for this. But you’re getting it anyway.
Warnings:
non canon compliant - this is the biggest warning, so if you’re into things that follow exact canon plot you are… definitely not going to like this. angst & slow burn, heavy sexual tensionstarting now, actually - this is just so everyone who started reading this thinking the smut would transpire in a hurry knows that apparently, it is not. violence / swearing & fighting, possible underage drinking and other shenanigans- look.. it’s high school. shit happens. also apparently, my ofc Alyssa uses the word fuck like all the time?…eventual sexual content / a virgin original character- this one is self explanatory. yes, i plan to write a smutty chapter in this at some point. when? i don’t rightly know. it’s got a while before we get there.
Pairing:
Andrews!Sibling OFC, Alyssa x Sweet Pea
Other Parts:
[ one - two - three - four - five - six - seven - soundtrack ]
Other Stuff:
[ faq - tag list doc ]
Tagging:
@brithedemonspawn is the only person on my Riverdale tag list. If you’d like to be tagged for this story by all means.. Please let me know. Please, I beg. It’d make me super duper happy!!!
EIGHT.
“ Al?”
I turned down my radio and strained to hear. It almost sounded like Polly calling my name from the bottom of the stairs. I wandered over to my bedroom door, peeking out. Polly stood at the foot of the stairs, holding her twins on each hip. A smile played at my lips and I bounded down the stairs, launching myself into a careful hug. Fussing over the twins because I’d been dying to see them since the night Polly added me on Snapchat before everything went down the way it did.
She’d sent me a message that night, telling me she was pregnant and that she and Jason were leaving. She’d been planning to swing through Chicago with Jason and visit, on their way to wherever it was they’d planned to go. When it never happened and I didn’t hear from her again, I’d been worried for a while.
Then Betty realized that she’d been keeping in touch with me over Snapchat right after she went missing and she’d messaged me, asking if I’d seen Polly. When I told her I hadn’t and asked what was going on, she’d filled me in on everything.. Jason’s death and Polly’s fight with their parents and then Polly running away.
The rest filled itself in when I moved back in with my dad, for the most part. I found myself trying to stick close to Cheryl, because I knew she was taking it really hard. Because Jason had been like the third of us. Honestly, it hit me pretty hard too when I found out. Especially when Cheryl did that thing she always fucking does and tried to push me away. Tried to deal with it herself.
I’d given myself over to the thought Polly wasn’t ever going to return to Riverdale, so I was a little shocked that she was here. And staying under the same roof as her mom again.
“The last thing Betty told me was that you were living on a farm. I bet that was peaceful.” I stretched and smiled at her. Just imagining the lazy days that probably stretched on and on. The slow and quiet life.
Polly smiled, nodding. “I learned so much there.”
I nodded. “What was it like?”
We moved to sit on the couch and Polly began to tell me what she’d been up to. I listened, nodding and smiling. But the entire time she described this place, God help me, I found myself getting flashbacks to the true crime podcast I’d listened to about the Jonesboro cult. Or the Davidians from Waco.
I mean… it sounded harmless enough, but everything she told me about the place just made me think less of a commune and more of a cult type setting. And that had me worried.
The front door was being pounded on. When I heard Reggie calling my name through it, I grumbled. Polly gazed at the door and then at me. Smirking. “No way! I always thought you and Reggie would be cute together!”
“Whoa.. Let’s not get all happy.” I shook my head, frowning a little. Telling her in detail what actually happened and that we were broken up. She shook her head, frowning. “That’s a jerk move. Betty told me you were on the Vixens now?”
“Yeah. You know Cheryl. She’s always had a way of talking me right into shit I normally wouldn’t do. And Riverdale High didn’t exactly have a gymnastics team like my old school in Chicago, so I decided rather than go rusty and lose my edge, I’d join.” I shrugged, laughing and shaking my head. “It’s not so bad, I guess.”
She nodded to my outfit for the day. Ripped jeans, a Motley Crue t shirt and my favorite boots, my dad’s old plaid shirt. “You mean the other Vixens haven’t read you for filth for daring non conformity?”
“ Oh, there’s this one girl I’m dying to get my hands on when we do that powderpuff football game on Friday, but other than her, nobody really seems to care or notice? I’m just kinda.. There. Which believe me… is totally fine with me.”
I bent down to pick up Dagwood so that Polly could feed Juniper because she was crying. Adjusting Dagwood to my hip, I made my way over to the door, throwing it open. Scowling up at Reggie, who was leaning against a porch post.
His gaze softened when he glanced at me. I bit my lip. Taking a deep breath to keep my patience. I knew he was hurting. I knew it was also totally his fault. But I was trying not to be mean.
“What do you want?”
“Are you seriously dating that fucking guy now? Princess, he’s only going to hurt you.”
“No worse than you already have. But no.. No Reggie, I’m not dating Sweet Pea. I just fell asleep in Mr. Keaton’s class and I happened to wind up leaning against the guy. Kind of happens when I stay up until 3 watching the Saw movies.”
He looked as if he didn’t believe a thing I said. I shrugged because honestly, I didn’t care if he believed me or not. Shifting Dagwood from one hip to the other. Bouncing him a little, giving a soft laugh when he grinned up at me. And raised his little hand to try and grab a handful of the ends of my hair.
“ That guy is bad news, princess. If I have to, I’ll talk to your dad. Anything if it means keepin you from gettin seriously hurt. Or worse, put in danger.”
“Reggie, you need to go.” I rolled my eyes. “I should get back inside. Get Dagwood back to his mommy.”
Reggie was giving me this soft look again. Nodding. Like he was lost in thought. I snapped my fingers in his face and cleared my throat. “You need to go, Reggie. I’m not kidding. The more you pop up and try to force me to deal with this, the less it makes me want to, okay? I need space. Time.”
“It’s just so hard, princess. Then I see you around with him and damn it, I hate the way I acted and the fact that I ruined everything.” Reggie admitted quietly. I nodded. “Just give me space.”
“I’ll try.” he promised, turning, walking down my porch steps. From the doorway, Polly spoke up.
“Sweet Pea.. He’s a Serpent, right? Jason mentioned him once or twice.” Polly asked as she reached out for Dagwood and gave me Juniper to hold.
I settled Juniper on my hip and gazed at Reggie’s retreating back. Sighing and shaking my head sadly. I just wish he’d understand that the more he tries to force himself on me right now, the less I want to deal with everything. And I don’t want to lose a friend.
I diverted my gaze and turned to face Polly, nodding. “Yeah. I got paired with him in Biology. It’s been interesting, to say the least.” I sank down to sit on a bench my father built, laughing as I shook my head. Cooing at Juniper.
Polly cleared her throat. “Out with it, Alyssa Jean. I know that look too well, okay? And as your friend, I need to tell you now that the Serpents aren’t people you mess around with lightly. Not to mention, that whole thing with that guy Dave you had going in Chicago. The scary guy? The reason your mom freaked out and sent you here to live in the first place, most likely?”
“It’s nothing. It’s dumb.” I shook my head. Shifting Juniper around in my lap. Bouncing my legs a little to make her grin and reach up. “Dave was scary. And I’m starting to see that my mom did a good thing sending me here. I’m just glad he hasn’t tried to reach out to me.” I shivered a little, raising a hand to drag it through my hair. Gazing at Polly.
“The Serpents aren’t all bad.” I spoke up after a few seconds.
“Al, half of them already have rap sheets. I just don’t want you getting mixed up with them and getting hurt. Promise me you’ll at least give anything you’re thinking a lot of thought instead of just diving in and doing it?” Polly eyed me in concern. Mostly to appease her, I nodded.
“As far as Reggie.. I think he really regrets what he did.” Polly advised. Giving me a smile. Clearly trying to steer me in a particular direction. I know she was doing it with the best of intentions, but deep down, it struck a nerve or two. Because literally anyone I could think of save for Cheryl and Toni, they all seemed hell bent on steering me clear of Sweet Pea. Which was ironic, considering I really don’t see him ever even giving me a second look. Even more ironic when you stop to consider that it’s not like I’m openly throwing myself at the guy...Or that I’ve pretty much made up my mind that if I do feel anything for him, I can’t ever actually tell him, because it will ruin everything.
I opened my mouth to say something, but I decided against it. Polly gave me a soft smile, getting a dreamy look in her eyes as she spoke again. “The look he was giving you just now, Al.. If you gave him half a chance… you could be as happy as Jason and I were. Or as happy as I was raising my sweet angels at the Farm. You should come to a meeting with me.”
I shook my head quickly to that one. “I am.. Not into organized religion. I barely go to the services at the church here unless my dad really wants me to go with him. Besides.. We both know that I got up to enough sketchy stuff in Chicago that if I were to step foot in a religious building, lightning might just strike me down.”
“You weren’t that bad, Al. Everyone makes mistakes.” Polly laughed softly. Nodding to her twins as she mused, “Which one of us got knocked up, hm? And we both know how fast that gets you written off here.”
“ I know I wasn’t that bad, but also at the same time, it scares me now to think back and remember how much fun I had when I was in over my head, doing things I knew I shouldn’t ? As far as you getting pregnant and what this town thinks about it. Honestly, fuck ‘em. You and Jason were really in love. That’s what matters.”
“We really were. But it was hard.” Polly admitted quietly. Adding as an afterthought, “ I really miss him sometimes.”
“Yeah. Me too. Pretty sure he’d have helped Archie drill Reggie’s head into the floor when it got around exactly why Reggie was even dating me to begin with. It was ridiculous. Took Jughead and Kevin to pull the two apart.” I gave a quiet laugh, shaking my head.
Alice was calling for Polly and Polly grumbled, raising up to peek out the window. “I better go over there and see what she wants. I wanted to come over. Maybe I can come by again later or something?” Polly asked as she gathered Juniper and Dagwood, re-swaddling them against her. I smiled, nodding. Following her to my door, letting her out and locking the door again behind me once I saw her disappear inside her parents house.
XXX
“They’re going to tear down South Side.”
The words had Sweet Pea tensing because it was just another thing he’d be losing. It wasn’t enough apparently, that he was living in the Wyrm because he had nowhere else to go. He didn’t have family willing to take him. His mother hadn’t spoken to any of them in years. He barely saw his mother as it was, she’d come home for a day, a week tops and then she’d be gone again.
He gazed over at Fangs, processing what Fangs was telling him. “First it was closing the school down. Then it was our homes. What next, huh? What else do we have to get taken?”
Jughead wandered into the Wyrm and Sweet Pea scowled a little. It didn’t matter how much Jughead was trying to do for the gang, what he was accomplishing was the opposite of what needed to happen. “The fuck is he doing here?” Sweet Pea nodded to Jughead.
“He’s one of us, man.” Fangs reminded Sweet Pea. Glancing at Jughead as Jughead made his way over. He’d probably just heard the news about South Side High too. Though Fangs didn’t see why it mattered
“Only because of FP. Cherry’s more one of us than he is. I still say the second we’re not useful he’s going to bitch out and turn his back.” Sweet Pea grumbled.
Fangs chuckled, shaking his head. Sweet Pea hadn’t ever made a secret how he felt about Jughead. And he certainly hadn’t taken it easy on the guy when they initiated him into the Serpents not so long ago, either.
Jughead sat down next to where Fangs was standing, grabbing himself a drink from behind the counter and pulling the tab. Taking a long sip.
“We have to do something. They’re taking everything from us.” Jughead spoke up angrily.
“I’d like to point out they’re your friends.” Sweet Pea spoke up, a harsh tone as he glanced over at Jughead.
“I’d like to point out that we all know you have a thing for one of them. If you’re going to sit there and pin this on the North Side like usual, I mean. At least own up to that.” Jughead retorted, watching Sweet Pea’s fists clench and his face twist into an angry mask. Trying to keep himself from laughing as it happened.
Sweet Pea having feelings for Alyssa wasn’t quite as well hidden as the guy thought.
The only one who didn’t seem to be aware of it was Alyssa herself. It amused Jughead.
It did not amuse Alyssa’s brother.
And the two had already had several heated conversations about him hanging around Alyssa so much that Jughead had to intervene on more than one occasion.
“I keep telling you idiots I don’t. I’d trust her before I would you, Jones. If we’re going there.” Sweet Pea muttered.
“Whatever you say, Pea. Can we stop arguin? Maybe start thinkin about what the fuck we’re gonna do?” Fangs patted his friend on the shoulder and Sweet Pea glared up at him.
“A hunger strike. We chain ourselves to the school. They can’t demolish it if we’re not moving.” Jughead suggested.
Fangs and Sweet Pea shared a look. Neither were sure their idea would work. But maybe it could buy them some time. Or get attention to the issues at hand… The more attention they drew to the fact that certain people were trying to use their money to completely run an entire neighborhood out of town, the better their case.
“That’s not the worst idea.”
“I hate what I’m about to say.” Sweet Pea paused, grimacing as he added, “It’s not. It’ll get attention on what’s happening. I hated saying that, fuck.”
“Let me go talk to the others. We’ll reconvene at 9 tonight?”
Fangs and Sweet Pea nodded and Jughead went to talk to some of the other Serpents.
“That killed you, didn’t it buddy?” Fangs teased Sweet Pea.
“Fuck you, Fogarty.” Sweet Pea snapped, grumbling to himself. “Doing somethin is better than just sitting back and lettin them take everything, I guess.”
And at 9:30 pm that night, Jughead, Fangs, Sweet Pea and Toni as well as several other former South Side students met at their old school. Chaining themselves to the fence in protest.
#sweetpea fanfiction#sweetpea fanfic#sweetpea fic#sweetpea imagine#sweetpea imagines#my writing ; sweetpea#my fanfiction; sweetpea#my fics; sweetpea
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How did Bitcoin perform in 2018?
How did Bitcoin perform in 2018?
Bitcoin BTC — the cryptocurrency that started it all — was released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto. The idea was to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money.
Transfer of Bitcoin is instead verified through a distributed consensus system called mining and the confirmed transactions are listed on the Bitcoin’s blockchain — essentially a shared public ledger.
The whole process of transaction makes Bitcoin a pseudonymous currency that guarantees a certain level of privacy — if done carefully. This meant that some of the people indulging in illegal activities found Bitcoin attractive; in turn, raising the eyebrows of regulatory authorities across the globe.
Through the years, Bitcoin has been dismissed by many prominent leaders and organizations including the Bank of International Settlements (BIS), Warren Buffet, Bill Gates, and Jamie Dimon.
It has been called a “scam,” “a ponzi scheme,” “terrorists’ money,” and “a speculative bubble.”
Popular digital media — including Facebook, Google, Twitter, Snapchat, LinkedIn, MailChimp, and Bing — have set restrictions on its advertisements on their platforms. Governments of several countries have issued blanket bans on all things Bitcoin and cryptocurrencies.
According to a website that keeps track, Bitcoin has been declared dead 336 times till now.
Yet, through it all, Bitcoin has survived and is gathering more attention than ever.
Not all concerns raised about Bitcoin come from ignorance or fear. The cryptocurrency continues to grapple with high transaction fees, sluggish speed, scalability issues, and alleged centralization of power in the hands of a few miners.
A host of cryptocurrencies and blockchain networks have emerged since, claiming to improve upon Bitcoin, but in terms of market adoption, none has managed to come anywhere close to the apex virtual currency.
BTC/USD performance review
The year 2017 saw BTC make historic gains, as it led the “crypto boom” from the front. BTC opened 2017 at $963, and closed the year at $12,897, marking more than a 1,200 percent gain in market price. The year 2018 saw a reversal of this trend.
The rise and fall of the emperor: BTC led the upsurge in the cryptocurrency market in 2017, and saw them through the market correction just as well in 2018! Data Source: eToro.com
BTC rallied for the first week of January gaining 36 percent breaking at $17,527 on January 7, the highest market price it would see for the rest of the year. Maintaining a single downward wedge, BTC dropped down to $7,051 on February 6, losing 60 percent of its market value over the month since January 7.
BTC saw the best in the first week of January. The apex cryptocurrency fell continuously afterward finally breaking from the downward wedge in February first week. Data Source: eToro.com
BTC recovered its price again to reach $11,372 by February last week, but was trading at less than $7,000 again by March end.
The two market upswings seen in February and April weren’t enough to help BTC recover from the dominant market corrections that saw it lose most of the gains made in late 2017. Data Source: eToro.com
The cryptocurrency rallied again in the second quarter of the year to trade above $9,000, but the market was corrected again by May last week.
BTC saw another minor rally at the start of third third quarter, but maintained relative stability between September to mid-November averaging at $6,300 after the market correction.
BTC maintained some stability in the third quarter of 2018 only to see a dramatic slump in November. Data Source: eToro.com
BTC market saw another slump in the second half of November, falling from $6,351 on November 14 to $4,465 by November 21 — a 30 percent drop.
As of December last week, BTC is trading at $3,898, marking a 70 percent drop in value since the start of the year.
BTC in 2018. While the market trend is significantly downward compared to the last quarter of 2017, the cryptocurrency isn’t actually in loss compared to the beginning of the previous year. Data Source: eToro.com Bitcoin — Major events in 2018
In February, Bitcoin’s transaction fees fell significantly from an average of $26 to $3. Cryptocurrency analysts credited this improvement to either the implementation of Segregated Witness (SegWit) soft fork of Bitcoin or the reduced hype after the end of the market bull run. By April, Bitcoin’s median transaction fees were some of the lowest since 2011. The seventeen millionth Bitcoin was also mined in April out of the maximum 21 million ever possible.
A study conducted by cryptocurrency research firm Chainalysis found that an increasing number of Bitcoin is being held by active individual users rather than long-term investors. Another cryptocurrency research firm Diar suggested that one percent wallets continue to hold up to 55 percent of all BTC nevertheless.
In March, yet another Bitcoin hard fork called Bitcoin Private was launched but failed to gain significant market traction. The same month, the US Marshals Service auctioned 2,170 BTC (worth about $25 million at the time) that were seized in connection with federal, criminal and civic cases.
Twitter CEO Jack Dorsey said Bitcoin will overtake US Dollar to become the world’s primary currency in ten years or less. Meanwhile others like Kenneth Rogoff — a Harvard professor and former chief economist at the International Monetary Fund (IMF) — predicted that Bitcoin could fall as low as $100 in the next decade.
Warren Buffet again cast his doubts on seeing Bitcoin as a genuine investment, calling it a ‘gamble’ in an interview with Yahoo Finance.
In August, mobile payments firm Square said that its Cash App, originally announced in January, could now be used to purchase Bitcoin in all 50 US states.
In October, a Chinese court ruled that in spite of the illegal status of cryptocurrency trading in the country, Bitcoin is still protected as a private property with economic values under the country’s laws. Earlier, a Dutch court had also ruled Bitcoin to be a legitimate transferrable value under local laws.
In November, Ohio became the first US state to allow taxes to be paid in Bitcoin, after many other states including Arizona, Georgia, and Illinois previously scrapped such plans after initial considerations.
At a time when 600,000 mining operations shut down due to lack of profits, Intel successfully filed a patent for an energy-efficient cryptocurrency mining processor.
Many in the cryptocurrency community have their hopes pinned on the US Securities and Exchange Commission (SEC) approving Bitcoin ETF proposals, but the federal agency has so far responded by summarily rejecting all such proposals sent its way.
In December, two US lawmakers proposed to exempt cryptocurrencies from federal securities laws. According to a Bloomberg report, New York exchange operator Nasdaq is also planning to list Bitcoin futures in the first quarter of 2019 subject to regulatory approval.
What to expect in 2019
Even at the end of 2018, where at least 2,000 motley cryptocurrencies exist, there’s no doubt about who the boss is. Bitcoin currently has a market cap of $73.8 million — that is, 51 percent of the entire cryptocurrency market! In comparison, the second highest cryptocurrency (Ripple/XRP) has 12 percent of the market cap and the fourth highest (Bitcoin Cash/BCH) has only 2.5 percent.
In such a scenario, it isn’t wrong to say that Bitcoin will likely continue to be the captain of the cryptocurrency ship throughout 2019 as well — severely affecting the market price of all other coins.
Many doubts have been casts over BTC due to the bearish 2018, but it can be argued that this slump is only a market correction for the late 2017 growth (that ideally shouldn’t have happened anyway).
The interest in cryptocurrencies and blockchain technology is only growing, and being at the forefront of it all, Bitcoin is likely to benefit the most. The apex cryptocurrency is unlikely to see a 2017-like growth again, and if cryptocurrencies ever want to be taken seriously, it shouldn’t either. The year 2019 could finally ‘normalize’ Bitcoin and cryptocurrencies — making the growth relatively stable.
Now that you have actionable information on the future of Bitcoin, it’s time to start investing. With eToro, a leading social trading platform, you can trade manually or copy the actions taken by leading traders, taking much of the stress and work out of your investments.
This post is brought to you by eToro. eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
Past performance is not an indication of future results. This is not investment advice. Your capital is at risk.
Published December 28, 2018 — 09:00 UTC
Original Source http://bit.ly/2Soxzf5
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Text
How did Bitcoin perform in 2018?
How did Bitcoin perform in 2018?
Bitcoin BTC — the cryptocurrency that started it all — was released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto. The idea was to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money.
Transfer of Bitcoin is instead verified through a distributed consensus system called mining and the confirmed transactions are listed on the Bitcoin’s blockchain — essentially a shared public ledger.
The whole process of transaction makes Bitcoin a pseudonymous currency that guarantees a certain level of privacy — if done carefully. This meant that some of the people indulging in illegal activities found Bitcoin attractive; in turn, raising the eyebrows of regulatory authorities across the globe.
Through the years, Bitcoin has been dismissed by many prominent leaders and organizations including the Bank of International Settlements (BIS), Warren Buffet, Bill Gates, and Jamie Dimon.
It has been called a “scam,” “a ponzi scheme,” “terrorists’ money,” and “a speculative bubble.”
Popular digital media — including Facebook, Google, Twitter, Snapchat, LinkedIn, MailChimp, and Bing — have set restrictions on its advertisements on their platforms. Governments of several countries have issued blanket bans on all things Bitcoin and cryptocurrencies.
According to a website that keeps track, Bitcoin has been declared dead 336 times till now.
Yet, through it all, Bitcoin has survived and is gathering more attention than ever.
Not all concerns raised about Bitcoin come from ignorance or fear. The cryptocurrency continues to grapple with high transaction fees, sluggish speed, scalability issues, and alleged centralization of power in the hands of a few miners.
A host of cryptocurrencies and blockchain networks have emerged since, claiming to improve upon Bitcoin, but in terms of market adoption, none has managed to come anywhere close to the apex virtual currency.
BTC/USD performance review
The year 2017 saw BTC make historic gains, as it led the “crypto boom” from the front. BTC opened 2017 at $963, and closed the year at $12,897, marking more than a 1,200 percent gain in market price. The year 2018 saw a reversal of this trend.
The rise and fall of the emperor: BTC led the upsurge in the cryptocurrency market in 2017, and saw them through the market correction just as well in 2018! Data Source: eToro.com
BTC rallied for the first week of January gaining 36 percent breaking at $17,527 on January 7, the highest market price it would see for the rest of the year. Maintaining a single downward wedge, BTC dropped down to $7,051 on February 6, losing 60 percent of its market value over the month since January 7.
BTC saw the best in the first week of January. The apex cryptocurrency fell continuously afterward finally breaking from the downward wedge in February first week. Data Source: eToro.com
BTC recovered its price again to reach $11,372 by February last week, but was trading at less than $7,000 again by March end.
The two market upswings seen in February and April weren’t enough to help BTC recover from the dominant market corrections that saw it lose most of the gains made in late 2017. Data Source: eToro.com
The cryptocurrency rallied again in the second quarter of the year to trade above $9,000, but the market was corrected again by May last week.
BTC saw another minor rally at the start of third third quarter, but maintained relative stability between September to mid-November averaging at $6,300 after the market correction.
BTC maintained some stability in the third quarter of 2018 only to see a dramatic slump in November. Data Source: eToro.com
BTC market saw another slump in the second half of November, falling from $6,351 on November 14 to $4,465 by November 21 — a 30 percent drop.
As of December last week, BTC is trading at $3,898, marking a 70 percent drop in value since the start of the year.
BTC in 2018. While the market trend is significantly downward compared to the last quarter of 2017, the cryptocurrency isn’t actually in loss compared to the beginning of the previous year. Data Source: eToro.com Bitcoin — Major events in 2018
In February, Bitcoin’s transaction fees fell significantly from an average of $26 to $3. Cryptocurrency analysts credited this improvement to either the implementation of Segregated Witness (SegWit) soft fork of Bitcoin or the reduced hype after the end of the market bull run. By April, Bitcoin’s median transaction fees were some of the lowest since 2011. The seventeen millionth Bitcoin was also mined in April out of the maximum 21 million ever possible.
A study conducted by cryptocurrency research firm Chainalysis found that an increasing number of Bitcoin is being held by active individual users rather than long-term investors. Another cryptocurrency research firm Diar suggested that one percent wallets continue to hold up to 55 percent of all BTC nevertheless.
In March, yet another Bitcoin hard fork called Bitcoin Private was launched but failed to gain significant market traction. The same month, the US Marshals Service auctioned 2,170 BTC (worth about $25 million at the time) that were seized in connection with federal, criminal and civic cases.
Twitter CEO Jack Dorsey said Bitcoin will overtake US Dollar to become the world’s primary currency in ten years or less. Meanwhile others like Kenneth Rogoff — a Harvard professor and former chief economist at the International Monetary Fund (IMF) — predicted that Bitcoin could fall as low as $100 in the next decade.
Warren Buffet again cast his doubts on seeing Bitcoin as a genuine investment, calling it a ‘gamble’ in an interview with Yahoo Finance.
In August, mobile payments firm Square said that its Cash App, originally announced in January, could now be used to purchase Bitcoin in all 50 US states.
In October, a Chinese court ruled that in spite of the illegal status of cryptocurrency trading in the country, Bitcoin is still protected as a private property with economic values under the country’s laws. Earlier, a Dutch court had also ruled Bitcoin to be a legitimate transferrable value under local laws.
In November, Ohio became the first US state to allow taxes to be paid in Bitcoin, after many other states including Arizona, Georgia, and Illinois previously scrapped such plans after initial considerations.
At a time when 600,000 mining operations shut down due to lack of profits, Intel successfully filed a patent for an energy-efficient cryptocurrency mining processor.
Many in the cryptocurrency community have their hopes pinned on the US Securities and Exchange Commission (SEC) approving Bitcoin ETF proposals, but the federal agency has so far responded by summarily rejecting all such proposals sent its way.
In December, two US lawmakers proposed to exempt cryptocurrencies from federal securities laws. According to a Bloomberg report, New York exchange operator Nasdaq is also planning to list Bitcoin futures in the first quarter of 2019 subject to regulatory approval.
What to expect in 2019
Even at the end of 2018, where at least 2,000 motley cryptocurrencies exist, there’s no doubt about who the boss is. Bitcoin currently has a market cap of $73.8 million — that is, 51 percent of the entire cryptocurrency market! In comparison, the second highest cryptocurrency (Ripple/XRP) has 12 percent of the market cap and the fourth highest (Bitcoin Cash/BCH) has only 2.5 percent.
In such a scenario, it isn’t wrong to say that Bitcoin will likely continue to be the captain of the cryptocurrency ship throughout 2019 as well — severely affecting the market price of all other coins.
Many doubts have been casts over BTC due to the bearish 2018, but it can be argued that this slump is only a market correction for the late 2017 growth (that ideally shouldn’t have happened anyway).
The interest in cryptocurrencies and blockchain technology is only growing, and being at the forefront of it all, Bitcoin is likely to benefit the most. The apex cryptocurrency is unlikely to see a 2017-like growth again, and if cryptocurrencies ever want to be taken seriously, it shouldn’t either. The year 2019 could finally ‘normalize’ Bitcoin and cryptocurrencies — making the growth relatively stable.
Now that you have actionable information on the future of Bitcoin, it’s time to start investing. With eToro, a leading social trading platform, you can trade manually or copy the actions taken by leading traders, taking much of the stress and work out of your investments.
This post is brought to you by eToro. eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
Past performance is not an indication of future results. This is not investment advice. Your capital is at risk.
Published December 28, 2018 — 09:00 UTC
Original Source http://bit.ly/2Soxzf5
0 notes
Text
How did Bitcoin perform in 2018?
How did Bitcoin perform in 2018?
Bitcoin BTC — the cryptocurrency that started it all — was released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto. The idea was to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money.
Transfer of Bitcoin is instead verified through a distributed consensus system called mining and the confirmed transactions are listed on the Bitcoin’s blockchain — essentially a shared public ledger.
The whole process of transaction makes Bitcoin a pseudonymous currency that guarantees a certain level of privacy — if done carefully. This meant that some of the people indulging in illegal activities found Bitcoin attractive; in turn, raising the eyebrows of regulatory authorities across the globe.
Through the years, Bitcoin has been dismissed by many prominent leaders and organizations including the Bank of International Settlements (BIS), Warren Buffet, Bill Gates, and Jamie Dimon.
It has been called a “scam,” “a ponzi scheme,” “terrorists’ money,” and “a speculative bubble.”
Popular digital media — including Facebook, Google, Twitter, Snapchat, LinkedIn, MailChimp, and Bing — have set restrictions on its advertisements on their platforms. Governments of several countries have issued blanket bans on all things Bitcoin and cryptocurrencies.
According to a website that keeps track, Bitcoin has been declared dead 336 times till now.
Yet, through it all, Bitcoin has survived and is gathering more attention than ever.
Not all concerns raised about Bitcoin come from ignorance or fear. The cryptocurrency continues to grapple with high transaction fees, sluggish speed, scalability issues, and alleged centralization of power in the hands of a few miners.
A host of cryptocurrencies and blockchain networks have emerged since, claiming to improve upon Bitcoin, but in terms of market adoption, none has managed to come anywhere close to the apex virtual currency.
BTC/USD performance review
The year 2017 saw BTC make historic gains, as it led the “crypto boom” from the front. BTC opened 2017 at $963, and closed the year at $12,897, marking more than a 1,200 percent gain in market price. The year 2018 saw a reversal of this trend.
The rise and fall of the emperor: BTC led the upsurge in the cryptocurrency market in 2017, and saw them through the market correction just as well in 2018! Data Source: eToro.com
BTC rallied for the first week of January gaining 36 percent breaking at $17,527 on January 7, the highest market price it would see for the rest of the year. Maintaining a single downward wedge, BTC dropped down to $7,051 on February 6, losing 60 percent of its market value over the month since January 7.
BTC saw the best in the first week of January. The apex cryptocurrency fell continuously afterward finally breaking from the downward wedge in February first week. Data Source: eToro.com
BTC recovered its price again to reach $11,372 by February last week, but was trading at less than $7,000 again by March end.
The two market upswings seen in February and April weren’t enough to help BTC recover from the dominant market corrections that saw it lose most of the gains made in late 2017. Data Source: eToro.com
The cryptocurrency rallied again in the second quarter of the year to trade above $9,000, but the market was corrected again by May last week.
BTC saw another minor rally at the start of third third quarter, but maintained relative stability between September to mid-November averaging at $6,300 after the market correction.
BTC maintained some stability in the third quarter of 2018 only to see a dramatic slump in November. Data Source: eToro.com
BTC market saw another slump in the second half of November, falling from $6,351 on November 14 to $4,465 by November 21 — a 30 percent drop.
As of December last week, BTC is trading at $3,898, marking a 70 percent drop in value since the start of the year.
BTC in 2018. While the market trend is significantly downward compared to the last quarter of 2017, the cryptocurrency isn’t actually in loss compared to the beginning of the previous year. Data Source: eToro.com Bitcoin — Major events in 2018
In February, Bitcoin’s transaction fees fell significantly from an average of $26 to $3. Cryptocurrency analysts credited this improvement to either the implementation of Segregated Witness (SegWit) soft fork of Bitcoin or the reduced hype after the end of the market bull run. By April, Bitcoin’s median transaction fees were some of the lowest since 2011. The seventeen millionth Bitcoin was also mined in April out of the maximum 21 million ever possible.
A study conducted by cryptocurrency research firm Chainalysis found that an increasing number of Bitcoin is being held by active individual users rather than long-term investors. Another cryptocurrency research firm Diar suggested that one percent wallets continue to hold up to 55 percent of all BTC nevertheless.
In March, yet another Bitcoin hard fork called Bitcoin Private was launched but failed to gain significant market traction. The same month, the US Marshals Service auctioned 2,170 BTC (worth about $25 million at the time) that were seized in connection with federal, criminal and civic cases.
Twitter CEO Jack Dorsey said Bitcoin will overtake US Dollar to become the world’s primary currency in ten years or less. Meanwhile others like Kenneth Rogoff — a Harvard professor and former chief economist at the International Monetary Fund (IMF) — predicted that Bitcoin could fall as low as $100 in the next decade.
Warren Buffet again cast his doubts on seeing Bitcoin as a genuine investment, calling it a ‘gamble’ in an interview with Yahoo Finance.
In August, mobile payments firm Square said that its Cash App, originally announced in January, could now be used to purchase Bitcoin in all 50 US states.
In October, a Chinese court ruled that in spite of the illegal status of cryptocurrency trading in the country, Bitcoin is still protected as a private property with economic values under the country’s laws. Earlier, a Dutch court had also ruled Bitcoin to be a legitimate transferrable value under local laws.
In November, Ohio became the first US state to allow taxes to be paid in Bitcoin, after many other states including Arizona, Georgia, and Illinois previously scrapped such plans after initial considerations.
At a time when 600,000 mining operations shut down due to lack of profits, Intel successfully filed a patent for an energy-efficient cryptocurrency mining processor.
Many in the cryptocurrency community have their hopes pinned on the US Securities and Exchange Commission (SEC) approving Bitcoin ETF proposals, but the federal agency has so far responded by summarily rejecting all such proposals sent its way.
In December, two US lawmakers proposed to exempt cryptocurrencies from federal securities laws. According to a Bloomberg report, New York exchange operator Nasdaq is also planning to list Bitcoin futures in the first quarter of 2019 subject to regulatory approval.
What to expect in 2019
Even at the end of 2018, where at least 2,000 motley cryptocurrencies exist, there’s no doubt about who the boss is. Bitcoin currently has a market cap of $73.8 million — that is, 51 percent of the entire cryptocurrency market! In comparison, the second highest cryptocurrency (Ripple/XRP) has 12 percent of the market cap and the fourth highest (Bitcoin Cash/BCH) has only 2.5 percent.
In such a scenario, it isn’t wrong to say that Bitcoin will likely continue to be the captain of the cryptocurrency ship throughout 2019 as well — severely affecting the market price of all other coins.
Many doubts have been casts over BTC due to the bearish 2018, but it can be argued that this slump is only a market correction for the late 2017 growth (that ideally shouldn’t have happened anyway).
The interest in cryptocurrencies and blockchain technology is only growing, and being at the forefront of it all, Bitcoin is likely to benefit the most. The apex cryptocurrency is unlikely to see a 2017-like growth again, and if cryptocurrencies ever want to be taken seriously, it shouldn’t either. The year 2019 could finally ‘normalize’ Bitcoin and cryptocurrencies — making the growth relatively stable.
Now that you have actionable information on the future of Bitcoin, it’s time to start investing. With eToro, a leading social trading platform, you can trade manually or copy the actions taken by leading traders, taking much of the stress and work out of your investments.
This post is brought to you by eToro. eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
Past performance is not an indication of future results. This is not investment advice. Your capital is at risk.
Published December 28, 2018 — 09:00 UTC
Original Source http://bit.ly/2Soxzf5
0 notes
Text
How did Bitcoin perform in 2018?
How did Bitcoin perform in 2018?
Bitcoin BTC — the cryptocurrency that started it all — was released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto. The idea was to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money.
Transfer of Bitcoin is instead verified through a distributed consensus system called mining and the confirmed transactions are listed on the Bitcoin’s blockchain — essentially a shared public ledger.
The whole process of transaction makes Bitcoin a pseudonymous currency that guarantees a certain level of privacy — if done carefully. This meant that some of the people indulging in illegal activities found Bitcoin attractive; in turn, raising the eyebrows of regulatory authorities across the globe.
Through the years, Bitcoin has been dismissed by many prominent leaders and organizations including the Bank of International Settlements (BIS), Warren Buffet, Bill Gates, and Jamie Dimon.
It has been called a “scam,” “a ponzi scheme,” “terrorists’ money,” and “a speculative bubble.”
Popular digital media — including Facebook, Google, Twitter, Snapchat, LinkedIn, MailChimp, and Bing — have set restrictions on its advertisements on their platforms. Governments of several countries have issued blanket bans on all things Bitcoin and cryptocurrencies.
According to a website that keeps track, Bitcoin has been declared dead 336 times till now.
Yet, through it all, Bitcoin has survived and is gathering more attention than ever.
Not all concerns raised about Bitcoin come from ignorance or fear. The cryptocurrency continues to grapple with high transaction fees, sluggish speed, scalability issues, and alleged centralization of power in the hands of a few miners.
A host of cryptocurrencies and blockchain networks have emerged since, claiming to improve upon Bitcoin, but in terms of market adoption, none has managed to come anywhere close to the apex virtual currency.
BTC/USD performance review
The year 2017 saw BTC make historic gains, as it led the “crypto boom” from the front. BTC opened 2017 at $963, and closed the year at $12,897, marking more than a 1,200 percent gain in market price. The year 2018 saw a reversal of this trend.
The rise and fall of the emperor: BTC led the upsurge in the cryptocurrency market in 2017, and saw them through the market correction just as well in 2018! Data Source: eToro.com
BTC rallied for the first week of January gaining 36 percent breaking at $17,527 on January 7, the highest market price it would see for the rest of the year. Maintaining a single downward wedge, BTC dropped down to $7,051 on February 6, losing 60 percent of its market value over the month since January 7.
BTC saw the best in the first week of January. The apex cryptocurrency fell continuously afterward finally breaking from the downward wedge in February first week. Data Source: eToro.com
BTC recovered its price again to reach $11,372 by February last week, but was trading at less than $7,000 again by March end.
The two market upswings seen in February and April weren’t enough to help BTC recover from the dominant market corrections that saw it lose most of the gains made in late 2017. Data Source: eToro.com
The cryptocurrency rallied again in the second quarter of the year to trade above $9,000, but the market was corrected again by May last week.
BTC saw another minor rally at the start of third third quarter, but maintained relative stability between September to mid-November averaging at $6,300 after the market correction.
BTC maintained some stability in the third quarter of 2018 only to see a dramatic slump in November. Data Source: eToro.com
BTC market saw another slump in the second half of November, falling from $6,351 on November 14 to $4,465 by November 21 — a 30 percent drop.
As of December last week, BTC is trading at $3,898, marking a 70 percent drop in value since the start of the year.
BTC in 2018. While the market trend is significantly downward compared to the last quarter of 2017, the cryptocurrency isn’t actually in loss compared to the beginning of the previous year. Data Source: eToro.com Bitcoin — Major events in 2018
In February, Bitcoin’s transaction fees fell significantly from an average of $26 to $3. Cryptocurrency analysts credited this improvement to either the implementation of Segregated Witness (SegWit) soft fork of Bitcoin or the reduced hype after the end of the market bull run. By April, Bitcoin’s median transaction fees were some of the lowest since 2011. The seventeen millionth Bitcoin was also mined in April out of the maximum 21 million ever possible.
A study conducted by cryptocurrency research firm Chainalysis found that an increasing number of Bitcoin is being held by active individual users rather than long-term investors. Another cryptocurrency research firm Diar suggested that one percent wallets continue to hold up to 55 percent of all BTC nevertheless.
In March, yet another Bitcoin hard fork called Bitcoin Private was launched but failed to gain significant market traction. The same month, the US Marshals Service auctioned 2,170 BTC (worth about $25 million at the time) that were seized in connection with federal, criminal and civic cases.
Twitter CEO Jack Dorsey said Bitcoin will overtake US Dollar to become the world’s primary currency in ten years or less. Meanwhile others like Kenneth Rogoff — a Harvard professor and former chief economist at the International Monetary Fund (IMF) — predicted that Bitcoin could fall as low as $100 in the next decade.
Warren Buffet again cast his doubts on seeing Bitcoin as a genuine investment, calling it a ‘gamble’ in an interview with Yahoo Finance.
In August, mobile payments firm Square said that its Cash App, originally announced in January, could now be used to purchase Bitcoin in all 50 US states.
In October, a Chinese court ruled that in spite of the illegal status of cryptocurrency trading in the country, Bitcoin is still protected as a private property with economic values under the country’s laws. Earlier, a Dutch court had also ruled Bitcoin to be a legitimate transferrable value under local laws.
In November, Ohio became the first US state to allow taxes to be paid in Bitcoin, after many other states including Arizona, Georgia, and Illinois previously scrapped such plans after initial considerations.
At a time when 600,000 mining operations shut down due to lack of profits, Intel successfully filed a patent for an energy-efficient cryptocurrency mining processor.
Many in the cryptocurrency community have their hopes pinned on the US Securities and Exchange Commission (SEC) approving Bitcoin ETF proposals, but the federal agency has so far responded by summarily rejecting all such proposals sent its way.
In December, two US lawmakers proposed to exempt cryptocurrencies from federal securities laws. According to a Bloomberg report, New York exchange operator Nasdaq is also planning to list Bitcoin futures in the first quarter of 2019 subject to regulatory approval.
What to expect in 2019
Even at the end of 2018, where at least 2,000 motley cryptocurrencies exist, there’s no doubt about who the boss is. Bitcoin currently has a market cap of $73.8 million — that is, 51 percent of the entire cryptocurrency market! In comparison, the second highest cryptocurrency (Ripple/XRP) has 12 percent of the market cap and the fourth highest (Bitcoin Cash/BCH) has only 2.5 percent.
In such a scenario, it isn’t wrong to say that Bitcoin will likely continue to be the captain of the cryptocurrency ship throughout 2019 as well — severely affecting the market price of all other coins.
Many doubts have been casts over BTC due to the bearish 2018, but it can be argued that this slump is only a market correction for the late 2017 growth (that ideally shouldn’t have happened anyway).
The interest in cryptocurrencies and blockchain technology is only growing, and being at the forefront of it all, Bitcoin is likely to benefit the most. The apex cryptocurrency is unlikely to see a 2017-like growth again, and if cryptocurrencies ever want to be taken seriously, it shouldn’t either. The year 2019 could finally ‘normalize’ Bitcoin and cryptocurrencies — making the growth relatively stable.
Now that you have actionable information on the future of Bitcoin, it’s time to start investing. With eToro, a leading social trading platform, you can trade manually or copy the actions taken by leading traders, taking much of the stress and work out of your investments.
This post is brought to you by eToro. eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
Past performance is not an indication of future results. This is not investment advice. Your capital is at risk.
Published December 28, 2018 — 09:00 UTC
Original Source http://bit.ly/2Soxzf5
0 notes
Text
How did Bitcoin perform in 2018?
How did Bitcoin perform in 2018?
Bitcoin BTC — the cryptocurrency that started it all — was released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto. The idea was to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money.
Transfer of Bitcoin is instead verified through a distributed consensus system called mining and the confirmed transactions are listed on the Bitcoin’s blockchain — essentially a shared public ledger.
The whole process of transaction makes Bitcoin a pseudonymous currency that guarantees a certain level of privacy — if done carefully. This meant that some of the people indulging in illegal activities found Bitcoin attractive; in turn, raising the eyebrows of regulatory authorities across the globe.
Through the years, Bitcoin has been dismissed by many prominent leaders and organizations including the Bank of International Settlements (BIS), Warren Buffet, Bill Gates, and Jamie Dimon.
It has been called a “scam,” “a ponzi scheme,” “terrorists’ money,” and “a speculative bubble.”
Popular digital media — including Facebook, Google, Twitter, Snapchat, LinkedIn, MailChimp, and Bing — have set restrictions on its advertisements on their platforms. Governments of several countries have issued blanket bans on all things Bitcoin and cryptocurrencies.
According to a website that keeps track, Bitcoin has been declared dead 336 times till now.
Yet, through it all, Bitcoin has survived and is gathering more attention than ever.
Not all concerns raised about Bitcoin come from ignorance or fear. The cryptocurrency continues to grapple with high transaction fees, sluggish speed, scalability issues, and alleged centralization of power in the hands of a few miners.
A host of cryptocurrencies and blockchain networks have emerged since, claiming to improve upon Bitcoin, but in terms of market adoption, none has managed to come anywhere close to the apex virtual currency.
BTC/USD performance review
The year 2017 saw BTC make historic gains, as it led the “crypto boom” from the front. BTC opened 2017 at $963, and closed the year at $12,897, marking more than a 1,200 percent gain in market price. The year 2018 saw a reversal of this trend.
The rise and fall of the emperor: BTC led the upsurge in the cryptocurrency market in 2017, and saw them through the market correction just as well in 2018! Data Source: eToro.com
BTC rallied for the first week of January gaining 36 percent breaking at $17,527 on January 7, the highest market price it would see for the rest of the year. Maintaining a single downward wedge, BTC dropped down to $7,051 on February 6, losing 60 percent of its market value over the month since January 7.
BTC saw the best in the first week of January. The apex cryptocurrency fell continuously afterward finally breaking from the downward wedge in February first week. Data Source: eToro.com
BTC recovered its price again to reach $11,372 by February last week, but was trading at less than $7,000 again by March end.
The two market upswings seen in February and April weren’t enough to help BTC recover from the dominant market corrections that saw it lose most of the gains made in late 2017. Data Source: eToro.com
The cryptocurrency rallied again in the second quarter of the year to trade above $9,000, but the market was corrected again by May last week.
BTC saw another minor rally at the start of third third quarter, but maintained relative stability between September to mid-November averaging at $6,300 after the market correction.
BTC maintained some stability in the third quarter of 2018 only to see a dramatic slump in November. Data Source: eToro.com
BTC market saw another slump in the second half of November, falling from $6,351 on November 14 to $4,465 by November 21 — a 30 percent drop.
As of December last week, BTC is trading at $3,898, marking a 70 percent drop in value since the start of the year.
BTC in 2018. While the market trend is significantly downward compared to the last quarter of 2017, the cryptocurrency isn’t actually in loss compared to the beginning of the previous year. Data Source: eToro.com Bitcoin — Major events in 2018
In February, Bitcoin’s transaction fees fell significantly from an average of $26 to $3. Cryptocurrency analysts credited this improvement to either the implementation of Segregated Witness (SegWit) soft fork of Bitcoin or the reduced hype after the end of the market bull run. By April, Bitcoin’s median transaction fees were some of the lowest since 2011. The seventeen millionth Bitcoin was also mined in April out of the maximum 21 million ever possible.
A study conducted by cryptocurrency research firm Chainalysis found that an increasing number of Bitcoin is being held by active individual users rather than long-term investors. Another cryptocurrency research firm Diar suggested that one percent wallets continue to hold up to 55 percent of all BTC nevertheless.
In March, yet another Bitcoin hard fork called Bitcoin Private was launched but failed to gain significant market traction. The same month, the US Marshals Service auctioned 2,170 BTC (worth about $25 million at the time) that were seized in connection with federal, criminal and civic cases.
Twitter CEO Jack Dorsey said Bitcoin will overtake US Dollar to become the world’s primary currency in ten years or less. Meanwhile others like Kenneth Rogoff — a Harvard professor and former chief economist at the International Monetary Fund (IMF) — predicted that Bitcoin could fall as low as $100 in the next decade.
Warren Buffet again cast his doubts on seeing Bitcoin as a genuine investment, calling it a ‘gamble’ in an interview with Yahoo Finance.
In August, mobile payments firm Square said that its Cash App, originally announced in January, could now be used to purchase Bitcoin in all 50 US states.
In October, a Chinese court ruled that in spite of the illegal status of cryptocurrency trading in the country, Bitcoin is still protected as a private property with economic values under the country’s laws. Earlier, a Dutch court had also ruled Bitcoin to be a legitimate transferrable value under local laws.
In November, Ohio became the first US state to allow taxes to be paid in Bitcoin, after many other states including Arizona, Georgia, and Illinois previously scrapped such plans after initial considerations.
At a time when 600,000 mining operations shut down due to lack of profits, Intel successfully filed a patent for an energy-efficient cryptocurrency mining processor.
Many in the cryptocurrency community have their hopes pinned on the US Securities and Exchange Commission (SEC) approving Bitcoin ETF proposals, but the federal agency has so far responded by summarily rejecting all such proposals sent its way.
In December, two US lawmakers proposed to exempt cryptocurrencies from federal securities laws. According to a Bloomberg report, New York exchange operator Nasdaq is also planning to list Bitcoin futures in the first quarter of 2019 subject to regulatory approval.
What to expect in 2019
Even at the end of 2018, where at least 2,000 motley cryptocurrencies exist, there’s no doubt about who the boss is. Bitcoin currently has a market cap of $73.8 million — that is, 51 percent of the entire cryptocurrency market! In comparison, the second highest cryptocurrency (Ripple/XRP) has 12 percent of the market cap and the fourth highest (Bitcoin Cash/BCH) has only 2.5 percent.
In such a scenario, it isn’t wrong to say that Bitcoin will likely continue to be the captain of the cryptocurrency ship throughout 2019 as well — severely affecting the market price of all other coins.
Many doubts have been casts over BTC due to the bearish 2018, but it can be argued that this slump is only a market correction for the late 2017 growth (that ideally shouldn’t have happened anyway).
The interest in cryptocurrencies and blockchain technology is only growing, and being at the forefront of it all, Bitcoin is likely to benefit the most. The apex cryptocurrency is unlikely to see a 2017-like growth again, and if cryptocurrencies ever want to be taken seriously, it shouldn’t either. The year 2019 could finally ‘normalize’ Bitcoin and cryptocurrencies — making the growth relatively stable.
Now that you have actionable information on the future of Bitcoin, it’s time to start investing. With eToro, a leading social trading platform, you can trade manually or copy the actions taken by leading traders, taking much of the stress and work out of your investments.
This post is brought to you by eToro. eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
Past performance is not an indication of future results. This is not investment advice. Your capital is at risk.
Published December 28, 2018 — 09:00 UTC
Original Source http://bit.ly/2Soxzf5
0 notes
Text
How did Bitcoin perform in 2018?
How did Bitcoin perform in 2018?
Bitcoin BTC — the cryptocurrency that started it all — was released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto. The idea was to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money.
Transfer of Bitcoin is instead verified through a distributed consensus system called mining and the confirmed transactions are listed on the Bitcoin’s blockchain — essentially a shared public ledger.
The whole process of transaction makes Bitcoin a pseudonymous currency that guarantees a certain level of privacy — if done carefully. This meant that some of the people indulging in illegal activities found Bitcoin attractive; in turn, raising the eyebrows of regulatory authorities across the globe.
Through the years, Bitcoin has been dismissed by many prominent leaders and organizations including the Bank of International Settlements (BIS), Warren Buffet, Bill Gates, and Jamie Dimon.
It has been called a “scam,” “a ponzi scheme,” “terrorists’ money,” and “a speculative bubble.”
Popular digital media — including Facebook, Google, Twitter, Snapchat, LinkedIn, MailChimp, and Bing — have set restrictions on its advertisements on their platforms. Governments of several countries have issued blanket bans on all things Bitcoin and cryptocurrencies.
According to a website that keeps track, Bitcoin has been declared dead 336 times till now.
Yet, through it all, Bitcoin has survived and is gathering more attention than ever.
Not all concerns raised about Bitcoin come from ignorance or fear. The cryptocurrency continues to grapple with high transaction fees, sluggish speed, scalability issues, and alleged centralization of power in the hands of a few miners.
A host of cryptocurrencies and blockchain networks have emerged since, claiming to improve upon Bitcoin, but in terms of market adoption, none has managed to come anywhere close to the apex virtual currency.
BTC/USD performance review
The year 2017 saw BTC make historic gains, as it led the “crypto boom” from the front. BTC opened 2017 at $963, and closed the year at $12,897, marking more than a 1,200 percent gain in market price. The year 2018 saw a reversal of this trend.
The rise and fall of the emperor: BTC led the upsurge in the cryptocurrency market in 2017, and saw them through the market correction just as well in 2018! Data Source: eToro.com
BTC rallied for the first week of January gaining 36 percent breaking at $17,527 on January 7, the highest market price it would see for the rest of the year. Maintaining a single downward wedge, BTC dropped down to $7,051 on February 6, losing 60 percent of its market value over the month since January 7.
BTC saw the best in the first week of January. The apex cryptocurrency fell continuously afterward finally breaking from the downward wedge in February first week. Data Source: eToro.com
BTC recovered its price again to reach $11,372 by February last week, but was trading at less than $7,000 again by March end.
The two market upswings seen in February and April weren’t enough to help BTC recover from the dominant market corrections that saw it lose most of the gains made in late 2017. Data Source: eToro.com
The cryptocurrency rallied again in the second quarter of the year to trade above $9,000, but the market was corrected again by May last week.
BTC saw another minor rally at the start of third third quarter, but maintained relative stability between September to mid-November averaging at $6,300 after the market correction.
BTC maintained some stability in the third quarter of 2018 only to see a dramatic slump in November. Data Source: eToro.com
BTC market saw another slump in the second half of November, falling from $6,351 on November 14 to $4,465 by November 21 — a 30 percent drop.
As of December last week, BTC is trading at $3,898, marking a 70 percent drop in value since the start of the year.
BTC in 2018. While the market trend is significantly downward compared to the last quarter of 2017, the cryptocurrency isn’t actually in loss compared to the beginning of the previous year. Data Source: eToro.com Bitcoin — Major events in 2018
In February, Bitcoin’s transaction fees fell significantly from an average of $26 to $3. Cryptocurrency analysts credited this improvement to either the implementation of Segregated Witness (SegWit) soft fork of Bitcoin or the reduced hype after the end of the market bull run. By April, Bitcoin’s median transaction fees were some of the lowest since 2011. The seventeen millionth Bitcoin was also mined in April out of the maximum 21 million ever possible.
A study conducted by cryptocurrency research firm Chainalysis found that an increasing number of Bitcoin is being held by active individual users rather than long-term investors. Another cryptocurrency research firm Diar suggested that one percent wallets continue to hold up to 55 percent of all BTC nevertheless.
In March, yet another Bitcoin hard fork called Bitcoin Private was launched but failed to gain significant market traction. The same month, the US Marshals Service auctioned 2,170 BTC (worth about $25 million at the time) that were seized in connection with federal, criminal and civic cases.
Twitter CEO Jack Dorsey said Bitcoin will overtake US Dollar to become the world’s primary currency in ten years or less. Meanwhile others like Kenneth Rogoff — a Harvard professor and former chief economist at the International Monetary Fund (IMF) — predicted that Bitcoin could fall as low as $100 in the next decade.
Warren Buffet again cast his doubts on seeing Bitcoin as a genuine investment, calling it a ‘gamble’ in an interview with Yahoo Finance.
In August, mobile payments firm Square said that its Cash App, originally announced in January, could now be used to purchase Bitcoin in all 50 US states.
In October, a Chinese court ruled that in spite of the illegal status of cryptocurrency trading in the country, Bitcoin is still protected as a private property with economic values under the country’s laws. Earlier, a Dutch court had also ruled Bitcoin to be a legitimate transferrable value under local laws.
In November, Ohio became the first US state to allow taxes to be paid in Bitcoin, after many other states including Arizona, Georgia, and Illinois previously scrapped such plans after initial considerations.
At a time when 600,000 mining operations shut down due to lack of profits, Intel successfully filed a patent for an energy-efficient cryptocurrency mining processor.
Many in the cryptocurrency community have their hopes pinned on the US Securities and Exchange Commission (SEC) approving Bitcoin ETF proposals, but the federal agency has so far responded by summarily rejecting all such proposals sent its way.
In December, two US lawmakers proposed to exempt cryptocurrencies from federal securities laws. According to a Bloomberg report, New York exchange operator Nasdaq is also planning to list Bitcoin futures in the first quarter of 2019 subject to regulatory approval.
What to expect in 2019
Even at the end of 2018, where at least 2,000 motley cryptocurrencies exist, there’s no doubt about who the boss is. Bitcoin currently has a market cap of $73.8 million — that is, 51 percent of the entire cryptocurrency market! In comparison, the second highest cryptocurrency (Ripple/XRP) has 12 percent of the market cap and the fourth highest (Bitcoin Cash/BCH) has only 2.5 percent.
In such a scenario, it isn’t wrong to say that Bitcoin will likely continue to be the captain of the cryptocurrency ship throughout 2019 as well — severely affecting the market price of all other coins.
Many doubts have been casts over BTC due to the bearish 2018, but it can be argued that this slump is only a market correction for the late 2017 growth (that ideally shouldn’t have happened anyway).
The interest in cryptocurrencies and blockchain technology is only growing, and being at the forefront of it all, Bitcoin is likely to benefit the most. The apex cryptocurrency is unlikely to see a 2017-like growth again, and if cryptocurrencies ever want to be taken seriously, it shouldn’t either. The year 2019 could finally ‘normalize’ Bitcoin and cryptocurrencies — making the growth relatively stable.
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Published December 28, 2018 — 09:00 UTC
Original Source http://bit.ly/2Soxzf5
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Does it ever drive you crazy just how fast the night changes OR WHAT FUCKING EVER
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