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Bitcoin’s Stock-to-Flow Model Signals a New Bitcoin Bull Run

Bitcoin is about to enter a new bull market according to the stock-to-flow model. For the anonymous Bitcoin analyst PlanB and those who firmly believe in the accuracy of the Bitcoin stock-to-flow model, the first red dot in 3 years could be seen as the official start of another glorious Bitcoin bull run.

S2F Model by @100trillionUSD

Based on Bitcoin’s historical price action, PlanB expects the largest cryptoccurrency to reach a price of $100,000 by December 2021.

Source: Twitter:
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Is Someone Close to Satoshi Moving 50 BTC From 2009?

The cryptocurrency community is in complete turmoil as information just became known that blockchain data revealed that Bitcoin had just been moved, which was mined in February 2009. The sum of BTC was one of the first cryptocurrencies ever mined, just one month after the first Bitcoin block was mined.

What exactly does this mean? Why is someone moving their Bitcoin now?

Block chain data shows that 50 BTCs that were mined in 2009 suddenly started moving. This means that some of the first mined Bitcoins are now in motion. But who is moving them and why they are doing this, the crypto-community is still unclear.

Was that Satoshi?

If you ask me, no! This address is not one of the known Satoshi addresses. There were already several miners back then. After a short research I found a chart that shows a visualization of the first mined blocks.

Chart by @noshitcoins

It shows which blocks were mined in dependence of the time, so you can see which blocks were mined by which miner. Based on further data we can assume that the person who moved his Bitcoins today also mined the blocks 3350, 3357, 3365, 3396, 3426, 3450, 3478, 3497, 3565, 3607, 3617, 3623, 3629, 3662, 3669 and many, many others. Most of these have also been moved in recent years. Therefore it’s very unlikely to be Satoshi.

What do you think? Could this have been Satoshi?

Buy Bitcoin to Escape the Fiat Bubble Says New Grayscale Report

Promises of unlimited money printing are causing the world’s largest crypto asset manager to sound the alarm among investors and promote Bitcoin as a solution. The conclusion of a new report by asset manager Grayscale is that Bitcoin (BTC) is now the best bet for investors against printing central bank money.

Bitcoin/USD 1M Chart

The world’s largest asset manager for digital currencies warned that the unlimited fiat money supply carries the risk of “devaluation” of the US dollar. Meanwhile, Bitcoin shows a 40% increase last month.

Source: Cointelegraph:
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The Golden Cross Is Here

A rare bullish signal took place this week. The Golden Cross, as it’s commonly referred to, is a phenomenon that happened despite the price of Bitcoin dropping from $10,500 down to its current level at around $9,800. Historically, this has caused BTC to surge in value in the mid-term.

bitcoin_golden_cross_20192020-min
Bitcoin Charting Golden Crosses in 2019 and 2020. Source: TradingView

The last time this happened Bitcoin price surged 165% in 2 months.

Source: CryptoPotato:
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Venezuelan Team working on a Bitcoin Mesh Network based on Offline Radios

A Venezuelan team is developing Locha, a decentralized mesh network that does not rely on the Internet to conduct transactions with Bitcoin (BTC). The radio wave based system was created because Venezuela often has to deal with power and internet failures. The main application of the project is for critical situations such as in Venezuela and Iran, where infrastructure problems or government restrictions often lead to protracted Internet shutdowns.

Source: Cointelegraph:
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Mondays Are the Best Days to Buy Bitcoin

Taking a deeper look at Bitcoin returns for a longer time period, Mondays offer the best average return from all the days of the week (0.54%). On the other hand, Thursday and Wednesday are the worst days of the week to invest in Bitcoin with an average return of -0.09% and -0.23%, respectively.

Average Daily Return for each Day of the Week between April 2013 and January 2020 by CoinTelegraph

Source: Cointelegraph:
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BTC Trading Volumes More than Doubled in a Week

The crypto market research company Arcane Research has published a report stating that the trading volume of Bitcoin (BTC) has more than doubled within the last 7 days. According to the report, the average daily trading volume on 7 days in early 2020 increased by 126% in one week, with almost $1.5 billion being traded on January 8th alone. The report says that the market recovered significantly from the disappointing $192 million traded on January 1st. Moreover, the report notes that activity on Bitcoin’s blockchain also showed a correlation, with the number of transactions rising 5% in a week.

Source: Cointelegraph:
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Bitcoin Annual Review – 2019

It is easy to forget that Bitcoin did not perform that badly this year. The second half of 2019 was bearish, but not the first half. In reality, Bitcoin has risen from USD 3,740 on New Year’s Eve 2018 to currently USD 7,480, which is a 100% increase in value.

Source: CoinMarketCap

In fact, Bitcoin began to crawl out of a long bear market at the beginning of 2019, with the bear market bottoming out at USD 3,200 just a few weeks before New Year’s Eve 2019. Bitcoin then remained volatile and flat until early February, only at the end of March did Bitcoin slowly begin to emerge and reach USD 4,000.

Things then became exciting in April and May, when Bitcoin rose to USD 8,500. In late June and early July, Bitcoin then shot up to $13,800.

Since then, the Bitcoin market has felt somewhat bearish and is in a persistent decline. However, after a low of USD 6,500 in mid-December, Bitcoin has risen again to USD 7,200, which raises hopes of a bottom and a renewed rise next year.