Family Meal Survival Guide – Bitcoin, Bitcoin…

It’s a great invention from Satoshi Nakamoto. But how do you formalize this „great“ side to your family? If the question „but what exactly is Bitmachin? is the question „What exactly is Bitmachin?“, don’t worry about the holiday meals, don’t stress! Here are a few cartridges in advance to prepare your argument.

A decentralized, universal and fast currency

Since its inception in 2009, Bitcoin and its network have strived to be completely independent of banks and states. This is made possible in particular by its blockchain. Behind this somewhat strange word is a distributed registry: a kind of account book of transactions, common and accessible to everyone, everywhere around the planet.

Anyone can thus check the reality of spending from such accounts to such accounts (in a pseudonymous way). It is impossible to cheat, since the false register would be different from all the others.

The validation of transactions is done by a network of specialized computers, via computer calculations called mining.

Wherever you and your recipient are on the planet, your transaction will be validated in about ten minutes (this is different from bank transfers), directly over the counter, without going through an expensive intermediary, such as a bank or PayPal.
A safe haven: digital gold

Bitcoin is also increasingly seen as a store of value. This means that, like gold, it will at least maintain or even improve its purchasing power over time.

Indeed, like the gold metal, Bitcoin is rare. Only a small quantity is produced, which cannot be increased. This production even decreases regularly (about every 4 years), which makes Bitcoin deflationary on principle.

Moreover, the maximum amount of Bitcoin has already been set in its computer code. There will only be 21 million in total, and not one more.

Protection against inflation of state currencies

These characteristics make Bitcoin an ideal defense against the so-called fiduciary currencies, i.e. all the currencies issued by countries (the dollar, euro, …), which are based on the sole trust in these countries to repay their debt.

Since Bitcoin does not depend on the goodwill of a government or central bank, it is impossible to print it at will. It is precisely these massive monetary impressions that have caused (and still cause today, see Venezuela) hyperinflation.

When it is slight, inflation is a disguised form of devaluation of a fiduciary currency. But in the case of hyperinflation, it is the entire economic system of a country that can collapse, with a national currency that is no longer worth anything.

This is why large companies listed on Wall Street (such as MicroStrategy) and investment funds (such as Grayscale) are beginning to take an interest and invest in Bitcoin: to protect themselves from a depreciation of the dollar.

So many good reasons for your guests to take a closer look at the strange cryptography that is Bitcoin. Even if its technology may not be easy to understand at first contact, come and discover its revolutionary and exciting qualities first!

Coinfirm, a blockchain analysis company that also deals with anti-money laundering (AML) solutions, has discovered that the US authorities‘ ‚ignorance‘ and ‚ignorance‘ have allowed millions of dollars of Bitcoin’s (BTC’s) forks to slip through their fingers in recent years.

They have reportedly failed to identify millions of dollars of crypt currency in seizures.

Money from Bitcoin forks

In a report, the company states that criminals still have these ‚missed funds‘ at their disposal. As long as the criminal himself still has the private key somewhere, they still have access to the coins of a fork.

Imagine the following situation: the police picked up a suspect in early 2017 for money laundering with Bitcoin (BTC). As a result, the crypt currency has been confiscated. On 1 August of that year, however, the notorious hard fork took place, creating Bitcoin Cash.

By splitting the blockchain, two coins were created: Bitcoin (BTC) and Bitcoin Cash (BCH). If you had 0.123 BTC at the time of the fork, you automatically got 0.123 BCH as well. At that time, those free coins were worth about 20% of the original BTC coins.

The police services could have confiscated the original coins, but according to Coinfirm the Bitcoin Cycle Scam would never have looked at these forks.

Missed opportunity

According to a self-funded study carried out by the company, government agencies may have missed about $400,000 in the recent $1 billion Bitcoin seizure of a Silk Road pallet.

The US Department of Justice (DOJ) announced on 5 November that it had seized more than $1 billion in stolen Bitcoin from an anonymous user called ‚Individual X‘.

According to the report, the same private key also belongs to it:

• $310,000 by 693,701 Bitcoin Diamond;
• $66,000 by 693,70 Super Bitcoin;
• $11,000 by 693,70 Bitcoin Private.

Reclaim fork

Coinfirm introduced a special new service in October to help customers get their fork tokens. The new service is called ‚Reclaim Fork‘.

Commenting on the recent development, Pawel Kuskowski, CEO and co-founder of Coinfirm said the following:

„We believe that customer protection and market integrity are crucial to the valuation of the crypto market. Forks have been an unaddressed gap in the market so far. We are proud to release this latest product as we are confident it will be of great benefit to the blockchain community“.

• Online auksjonsmarked, eBay, har gått sammen med en kryptobetalingsapp, Lolli.
• Partnerskapet vil tillate brukere å bruke Lolli til å betale for varer med Bitcoin, og tjene 1% tilbake i prosessen.
• Flyttingen kom bare to dager før Black Friday, og med resten av høytiden nærmer seg.

Den største online auksjonsmarkedet, eBay, går sammen med en kryptohopping-app, Lolli, for å gi Bitcoin-belønninger. Belønningen vil være tilgjengelig for alle 127 millioner eBay-brukere, og den nye integrasjonen kommer akkurat i tide til vinterferien.

Hvordan vil brukere dra nytte av partnerskapet

I følge en kunngjøring fra Lolli i går, 25. november, gikk shoppingappen sammen med eBay for å integrere Bitcoin og muliggjøre en spesiell ny funksjonalitet. Kunngjøringen avslører at alle som bruker Bitcoin for eBay-betalinger, vil kunne tjene tilbake 1% i BTC når de handler på eBay.

Flyttingen har to mål – å bringe kryptobetalinger til den elektroniske markedet, men også å øke bevisstheten om kryptoindustrien.

Lollis medstifter og administrerende direktør, Alex Adelman, uttalte at selskapet er stolt av å samarbeide med eBay og gjøre Bitcoin mer tilgjengelig for brukere. Bortsett fra å tilby muligheten til å bruke BTC for å foreta betalinger, har selskapet også som mål å utdanne seg om kryptovalutaer, og bidra til å presse adopsjon.

Firmaets CTO, Matt Senter, kommenterte også og bemerket at firmaet er stolt av å samarbeide med eBay like før shoppingsesongen rundt høytiden, som Black Friday og Cyber ​​Monday. Spesielt siden det forventes at online-salg knyttet til de to vil overstige 22 milliarder dollar i 2020.

Lolli tillater allerede brukere å tjene Bitcoin eller kontanter når de handler med over 1000 partnerbutikker, hvorav noen er ganske store aktører. Nå har eBay sluttet seg til rekkene av nettbutikker der dette vil være mulig. I mellomtiden fortsetter Bitcoin selv å tiltrekke seg oppmerksomhet, siden prisen har steget med 160% på et YTD-diagram.

Bloomberg praises the density and liquidity of the market, agreeing that conditions are much better now than during the Bitcoin boom of 2017.

Bloomberg lists 5 optimistic Bitcoin price trends despite „Thanksgiving“ Market News

Bitcoin (BTC) continues to convert some of the most severe critics of traditional finance, with Bloomberg admitting that this bullish market is nothing like 2017.

In an article published on November 27, Blommberg, known for its pessimism, highlighted a series of Bitcoin metrics pointing to an optimistic future – despite a $3,000 price drop on Thursday.

Bloomberg: Bitcoin market „much more liquid
Included as evidence were the record number of open Bitcoin futures contracts, the portfolio number above zero, the hash rate and the lack of correlation between Bitcoin and other macro assets.

„Just look at the technical aspects of the market and Wall Street’s growing acceptance of the world’s largest digital currency,“ he began.

„And while negotiations are not always smooth, the $315 billion digital currency is much denser and more liquid than during the last boom in 2017.
Bloomberg referred to what it describes as „stubborn by cryptomorphs“ that reject the idea that current price gains are another bubble. Among them was Cointelegraph’s regular contributor, Mati Greenspan.

„It’s different now,“ he said.

„The last time we saw Bitcoin’s price get so high, the blockchain was about to collapse, but the network has improved since then“.
Meanwhile, a separate interview for Bloomberg TV on Friday saw Antoni Trenchev, CEO of the world’s largest cryptomotic lender, Nexo, predict that Bitcoin will reach a new all-time record by the end of 2020, he added:

„The narrative of digital gold is stronger than ever. If Bitcoin captures just 10% of the total capitalisation of the gold market, we will be at $50,000 very fast. ”

Bloomberg highlights Bitcoin’s open futures contracts among its bullish signals. Source: Bloomberg
BTC’s macro performance smothers that of gold
The lack of criticism in the article echoes the growing acceptance of Bitcoin as a genuine asset, whether the investment interest comes from retail or institutional circles.

Part of the positive image of cryptomeda stems from its growth over the past eight months compared to the March fall, during which it consistently outperformed other macro assets. Even after its decline to $17,000, Bitcoin’s accumulated returns for the year are 135%, up from 19% for gold and 12% for the S&P 500, confirm the data from the analytical resource Skew.

In the case of gold, Mike McGlone, Bloomberg Intelligence’s chief strategist who has long diverged from the larger narrative and become totally optimistic about Bitcoin, believes that institutions will continue to accumulate cryptomoeda in the future.

„Is Bitcoin replacing gold? Futures and cash flows are saying yes – The increase in open futures contracts and investor entries into Bitcoin versus the same decline for gold indicates that cryptomoeda is gaining a price advantage, in our opinion,“ he said earlier this week.

McGlone later added that gold would likely see a recovery next year, with the precious metal „favorably inclined“ to recover $2,000.

„Dipping into the support layers at the end of November should provide a basis for further gains in the price of gold,“ he wrote on Friday.

The Bitcoin (BTC) price has fallen sharply and is recording great losses. The Bitcoin course quickly lost value. This is also known as a BTC dump. The picture shows a crumbling Bitcoin price on a descending price graph.

The Bitcoin course had to suffer a major setback today. Just this morning the BTC price was around $ 10,970. But the magical 11,000 USD limit could not be broken. This has led to a strong sell-off, which not only hit the Bitcoin price itself, but above all all Altcoins.

Bitcoin price influenced by the stock market

The bloodbath is back and all cryptocurrencies are falling. The quiet weeks have now come to an end and have resulted in https://bitcoin-evolution.net/. The Bitcoin price plummeted by more than 6% within a few hours. As always, the losers were the altcoins, which had to contend with losses of up to 50%.

The BTC rate is not testing the USD 11,000 limit for the first time. But this time other factors were also the reason for the strong sell-off. The stock market also suffered a slump today and also tore the Bitcoin price down. So the correlation between the BTC price and the major indices still seems to exist.

BTC price tears down altcoins

Because all Altcoins depend on the Bitcoin price and have fallen much more on average, Bitcoin dominance on Coinmarketcap has also increased. the BTC price is still the clock for the entire market and nothing seems to be changing. When panic breaks out, the money from all altcoins flows faster than from bitcoin. This has always been the case and there is no reason why this should change in the future. The Bitcoin course is the law in cryptospace.

Now the question arises whether it will stay with this dump or whether we have to reckon with another sale. Many people say that there is still a future gap at USD 9,600 that has to be closed before things can go up again. On the other hand, the traditional market is currently also giving the direction and this is currently on a downward trend.

The first cryptocurrency is still becoming increasingly popular

Nevertheless, it doesn’t look bad for the Bitcoin price in the long term. The first companies are exchanging their fiat reserves for BTC in order to save themselves from the impending inflation. The first cryptocurrency is not only becoming more and more popular with private investors, but is slowly becoming a recognized financial product for institutional investors.

The last Halvings was a few months ago and the impact of the halved inflation rate is not yet fully visible in the market. This can take a few months or years before the market feels the shortage. There will be another halving as early as 2024, making Bitcoin officially the hardest asset – even harder than gold.

In theory, this would make BTC a better store of value than gold. But it will probably be a few more years before people really understand Bitcoin and look beyond the Bitcoin price. Until then, we will continue to be accompanied by highly volatile times and will not leave the many investors in peace.

We hope that the sale will come to an end soon and will closely follow the situation for you. Stay tuned.

Investing in Bitcoin is easy and straightforward

In particular, newcomers to the field of cryptocurrencies attach great importance to a high level of convenience. In the beginning, setting up Bitcoin wallets and manually sending BTC can be daunting. In such a case, it makes sense to start with a reliable, regulated broker who can give you

trading with leverage (2x),
entering into long and short positions,
Deposits via PayPal,
sending real bitcoins to your wallet and
enables the use of a wide range of trading tools,
without downloading any software.

U leest First Mover, de nieuwsbrief van de CoinDesk over de dagelijkse markten. First Mover, samengesteld door het CoinDesk Markets Team en geredigeerd door Bradley Keoun, begint uw dag met het meest actuele sentiment rond de crypto-markten, die natuurlijk nooit sluiten, waarbij elke wilde schommel in bitcoin en meer in context wordt geplaatst. We volgen het geld, zodat u dat niet hoeft te doen. U kunt zich hier inschrijven.

VAKANTIE: First Mover zal aanstaande dinsdag, 8 september, publiceren. Happy Labor Day voor onze Amerikaanse lezers.

Prijspunt

Bitcoin Up (BTC) steeg in de vroege handel naar $10.500, na een daling van 11% op donderdag, de grootste eendagsdaling sinds maart.

De uitverkoop, waarbij de prijzen zo laag waren als ongeveer $10.000, viel samen met een routineklus in de Amerikaanse aandelen, waardoor de discussies over de vraag of de grootste cryptocurrency een veilige haven als goud was of slechts een ander riskant activum, weer oplaaide. De prijzen voor ether (ETH), het inheemse teken van de Etherische blokketen, gleed 13%, potentieel een teken van een afwikkelen van de recente vurigheid in gedecentraliseerde financiën, of DeFi. De Amerikaanse schatkistrendementen op 10 jaar daalden en de dollar won op de valutamarkten, wat wijst op een vlucht naar de veiligheid van de traditionele investeerders.

Joe DiPasquale, CEO van de cryptocurrency-geconcentreerde hedgefonds BitBull Capital, vertelde First Mover in een e-mail dat „$10.000 nog steeds een sterke steun is en heeft de verkoopdruk vrij goed geabsorbeerd in de laatste twee gevallen“. John Kramer, een handelaar bij crypto over-the-counter vaste GSR, vertelde CoinDesk’s Daniel Cawrey dat „vele investeerders dit zullen zien als een kans om de dip te kopen.“

De markt beweegt…

Na jaren van debatteren of tether (USDT) is volledig ondersteund 1-voor-1 met Amerikaanse dollars, de stablecoin’s critici en verdedigers kunnen nu zetten hun geld waar hun mond zijn.

Opium, een derivatenbeurs, heeft credit default swaps (CDS) voor USDT geïntroduceerd. Het product, dat donderdag werd gelanceerd, verzekert de koper in geval van wanbetaling door Tether, de emittent van ’s werelds grootste stablecoin en de vijfde grootste cryptocurrency ter wereld.

Zoals de blog van Opium aangeeft, is USDT het levensbloed van de cryptocurrencymarkt zonder grenzen. USDT is de oudste stabiele munt en blijft met 13,8 miljard dollar de grootste cryptocentrische munt op basis van de marktkapitalisatie en een top-vijf van munten. Handelaren gebruiken het vaak om snel geld in en uit de beurzen te verplaatsen om te profiteren van arbitragemogelijkheden.

„Je kunt het gebruiken om jezelf te beschermen tegen (of te speculeren over) een systeemfout van de meest gebruikte stablecoin in crypto,“ zei Opium over het nieuwe CDS-contract, in een blogbericht dat donderdag wordt gepubliceerd.