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Forum Airdrop
4 years ago

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Tunggu info dan Update Airdrop terbaru dari channel
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The U.S. President-elect Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to replace Elad Roisman. During Obama’s administration, Gensler led the U....S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014. The Former Banker Became Part of Biden’s Transition Team in November According […]

https://news.bitcoin.com/us-president-elect-biden-to-nominate-mit-blockchain-professor-gary-gensler-as-sec-chairman/
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Traders HODL Bitcoin
4 years ago

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Over the last few days, Bitcoin (BTC) has rallied and breached the $10,000 point. But the issue of most interest, especially to anyone holding BTC, is that the on-chain data shows traders are not feeling pressu...red to sell, meaning the price could surge even higher.

Cointelegraph says, “Bitcoin may have only held $10,000 for a matter of hours, but according to Glassnode, an on-chain monitoring resource, this moon is not like others in 2020.”
On 26th July, Glassnode uploaded its surprising data about BTC reaching $10,000 again, but suggested that in this year, Bitcoin’s journey above this price point will be considerably different than in previous years.

“Bitcoin has passed $10,000 several times in 2020, but Glassnode’s analysis suggests that this time differs from the rest because of the Bitcoin days destroyed indicator,” Cointelegraph reports.

What are Bitcoin days?

It is a measure the value of each BTC transaction, taking into account how long it has been since the coins involved last moved. In the past, when BTC has risen above $10,000, there has been an increase in the Bitcoin days destroyed metric, “suggesting that long-term holders were using the opportunity to trade or sell.” So, far this has not been repeated in July. “In contrast to the last two times $BTC hit $10,000 USD, we haven’t seen an increase in #Bitcoin Days Destroyed today,” Glassnode said.

PayPal contributes to crypto gains

Rumours circulating in June that PayPal was going to accept crypto prompted the idea that BTC would not only reach $10,000, it might lead to it reaching $12,000 in the short term.
The altcoin sector has also received a boost with Ethereum breaking firm resistance at $280 in a move which surprised everyone even more than the Bitcoin gains, and at the time of writing on 27th July, it stood at $326.

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https://medium.com/@lendoplatformltd/traders-hodl-bitcoin-5954d6b3542f
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A recent article by a Cointelegraph Markets contributor proclaimed, “Bitcoin is the ‘new’ Apple.” In it, Marcel Pechman explained how Bitcoin’s price could reach $60,000 by 2023. He wrote, “Bitcoin hangs near t...he chasm of the adoption curve, and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally.”

Pechman based his analysis on Everett Rogers’ book of 1962, Diffusion of Innovations, in which he classified consumers in the following five groups: Innovators, Early Adopters, Early Majority, Late Majority and Laggards. It is a system that has become widely used across many industries.

He looks at where Apple was positioned in 2008, when Apple’s United States smartphone penetration was stalled at about 11% and still waiting to cross the “chasm,” the gap between the “early adopter” stage and the “early majority” stages in the Rogers lexicon. To be considered a technical, Apple needed to cross this threshold. We know Apple achieved this as iPhone sales surged, “and Apple’s share price soared into the ionosphere.” Pechman believes Bitcoin could be in the same position today.

However, as Cointelegraph points out, can we even talk about Bitcoin and the iPhone in the same way: “Is BTC even a technology — like radios, PCs, and smartphones — or is it something different: unique, sui generis — i.e., in a class by itself?”

Arvind Singhal, a professor of communication at the University of Texas at El Paso told Cointelegraph that Bitcoin did indeed seem singular: “It has tremendous barriers to adoption for most individuals and operates in a space of multiple familiar currencies — and that peculiarity would greatly influence its adoption.”


More: https://medium.com/@lendoplatformltd/is-bitcoin-the-new-apple-230cf0fca133
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Andreas Antonopoulos, a highly respected digital assets educator has identified a new way for those who are HODLing their BTC to make a passive income, Cointelegraph reports.

His solution lies in the u...se of decentralised finance (DeFi). “In a livestream Q&A on Antonopoulos’ YouTube channel on June 27, he said decentralized finance (DeFi) contracts were one way for Bitcoin (BTC) owners to generate passive income without relinquishing custody of their coins.”

In the video, Antonopoulos said that anyone holding BTC could convert them into ETH or a stablecoin, then lend those tokens to a platform where they can earn interest. However, he did add that there are some risks. He said: “Ethereum may have problems. It may have bugs. The consensus algorithm may have failures. You may have increases in the gas price, which leads to other cascade problems. And all of those things can cause you to lose some or all of your invested capital.”

He did mention other ways of making crypto holdings work for owners, but almost every method does involve relying on a custodial exchange, and these do carry the risk of theft or mismanagement.
However, HODLers do not earn dividends or interest on their investments until they finally decide to cash out, as he pointed out, and while BTC owners are always hoping the price will go up, it can also go down. Antonopoulos said the same was true for crypto day traders: “You can pull your Bitcoin out and convert it, buy 1,000 altcoins, and then watch them crash by 98%.”

Antonopoulos is not the only person in the crypto space to advocate the use of DeFi for a passive income. Cointelegraph reported in March that OKEx Director of Financial Markets Lennix Lai said: “The combination of cryptocurrency and DeFi creates an alternative way for users to earn passive interest that was not possible before.”

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https://medium.com/@lendoplatformltd/how-to-make-a-passive-income-from-your-bitcoin-3cde30b6f027
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According to an article in Cointelegraph, there are five signs that Bitcoin is about to enter a bull market phase and crash through its multi-year resistance at $10,500.

The Bitcoin price since the hal...ving in May has been seeing some sideways action, which Keith Wareing writes is reminiscent of early 2017, “when Bitcoin hit $1,180 for the second time, triggering a catastrophic sell-off.” It appeared that the leading cryptocurrency was dead, but instead “what happened after is the first sign that we were in for a bull market.”

The Trap

This is the first sign. Wareing explains “you can see that the pattern that played out after the 40% dump from $1,180 in January 2017 is almost identical to that of the 57% dump that occurred on March 12 2020.” What happened next in 2017 was a 2000% rise in the value of Bitcoin.

The Range

Sign two is “seeing a new descending channel opening up that has perfect Fibonacci levels lining up.”

The Orderbook

Wareing says, “there are significant sell-orders as denoted by the yellow line around the 50% fib at $9,450 and interestingly a lot of buy orders around $8,800.” He explains, “As the shorts pile in targeting $8,700, the spoofers can take a large long position, remove their $9,450 sell-wall and scoop up all those liquidations.”

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https://medium.com/@lendoplatformltd/the-signs-of-a-bitcoin-bull-market-5651067289a3
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