From the bottom to the top, bitcoin in 2020 during the corona crisis

Yesterday, bitcoin exceeded the magical price of $23,000 for the first time. This means that the digital currency has increased in value by more than 220% since the beginning of the year and the current market capitalization is 430 billion USD. This is an impressive achievement that was declared a failure in March as BTC fell by 50% in a single day during the liquidity crisis.

From weak to strong hands

But investors, investors and traders are sometimes short-sighted. People panicked. They were scared. There were many unknown factors and hardly any certainties. Bitcoin was dumped everywhere and by everyone, because/when the price dropped rapidly in March. Sensibly that seemed the right choice for many.

But eventually the weak hands sold and their bitcoins were transferred to the strong hands. The bitcoin rate has risen more than 500% since it fell to $4,000 in mid-March.

Gold and bitcoin

Gold and bitcoin have proven throughout history to be uncorrelated to the equity and bond markets. In addition, gold and bitcoin can act as safe haven assets. However, this all changes during the liquidity crisis in March. In the short term, any asset that can be sold in a liquid cash market will be sold. Investors are insensitive to price. They need as much cash as possible as quickly as possible that they traditionally make irrational decisions to optimize their liquid positions.

This is exactly what happened with gold during the 2008 crisis, except that with bitcoin it all went much faster this year.

Hoping for healthy money

But not everyone leaves the ship at the first sight of problems. There is a group of people, mostly individuals, who strongly believe in the concept of healthy money, sound money. These people have taken the time to inform themselves about the technical structure, monetary policy and the possible long-term benefits of bitcoin. They are convinced that the sound money properties of bitcoin are superior to any other form of money.

Opposite market

They don’t let a rising or falling dollar value upset them and don’t sell their bitcoin. These are the strong hands. Their conviction is strong. In March, they did exactly the opposite of what the market was doing. To quote Bane: Oh, you think bitcoin is your ally. But you merely adopted bitcoin; I was born in it, moulded by it. I didn’t see fiat until I was already a man, by then it was nothing to me but BLINDING! It is these strong hands that bought bitcoin for low amounts in March.

Nothing more than supply and demand

At the time, most people would have thought you were crazy if you thought bitcoin was going to break through $20,000 this year. The only people who thought that was a realistic scenario were the strong hands. They knew that the bitcoin block halving would have a big impact on the supply of bitcoin, and that this alone would lead to huge price increases.

Add to that rising demand, and suddenly $20,000 sounds pretty logical. Guggenheim’s CIO, Scott Minerd, was at Bloomberg this week and said that he and his colleagues felt that bitcoin should be worth $400,000 right now. They manage hundreds of billions of dollars and started buying bitcoin when the exchange rate was $10,000. This is the kind of institutional firepower that large multi-billion dollar asset managers bring. And what the strong hands already foresaw.

Kevin O’Leary rozważyłby zainwestowanie w ETF Bitcoin zatwierdzoną przez SEC.

Gwiazda Shark Tank Kevin O’Leary mówi, że byłby skłonny zainwestować w Bitcoin ETF, gdyby rządowe organy regulacyjne wyraziły na to zgodę.

Kevin O’Leary rozważyłby zainwestowanie w ETF Bitcoin zatwierdzoną przez SEC.
Gwiazda popularnego reality show telewizyjnego Kevin O’Leary ujawnił, że byłby skłonny zainwestować aktywa finansowe w fundusz Bitcoin Exchange-Traded Fund (ETF), jeśli taki fundusz byłby w stanie uzyskać zgodę amerykańskiej Komisji Papierów Wartościowych i Giełd (SEC).

Popularnie znany jako Pan Wspaniały, Kevin O’Leary dokonał tego ujawnienia, omawiając swoją opinię na temat górnej krypty z Anthonym „Pomp“ Pompliano na podcaście YouTube.

Kanadyjski biznesmen, który podwójnie występuje jako gwiazda reality show (Shark Tank), poruszył kwestię inwestowania w Bitcoina. Zauważył, że jeśli amerykańska Komisja Papierów Wartościowych i Giełd (SEC) przyzna kryptonimowi zgodę, nie będzie miał nic przeciwko inwestowaniu w niego. Zwrócił również uwagę na swoje obawy związane z niestabilnością Bitcoina i starał się uzyskać zgodę regulatorów rządowych, aby nie mieć nic przeciwko inwestowaniu w niego.

O’Leary wskazał, że podczas gdy Bitcoin jest w tym roku duży, w przeszłości krypto straciło również spektakularną wartość. Zauważył, że podczas gdy BTC osiąga w tym roku lepsze wyniki niż złoto, złoto jest znacznie bardziej stabilne niż krypto waluta. Stabilność ta jest ważna, ponieważ mówi, że jego celem jest „zachowanie“ bogactwa.

Szczery krytyk Bitcoina w przeszłości, Kevin O’Leary, w wywiadzie dla CNBC, określił kryptokryptę jako „grę cyfrową“, „śmieci“, „bezwartościową“ i „bezużyteczną walutę“. Podobnie, wcześniej nazywał Anthony’ego Pompliano szalonym za utrzymanie 50% swojej wartości netto w Bitcoinie.

Jednak jego nowa wypowiedź ujawnia łagodzącą postawę. W rzeczywistości wielu inwestorów instytucjonalnych angażuje się w ekosystem kryptokurwalutowy. Jednym z takich przykładów jest firma Massachusetts Mutual Life Insurance Co., która ostatnio zainwestowała w Bitcoin 1 milion dolarów.

Kevin O’Leary ma już jakiś Bitcoin

Gwiazda Shark Tank i doświadczony venture capitalista ujawnił dalej w podkaście, że jest już właścicielem jakiegoś Bitcoina. „Właściwie to ja posiadam trochę Bitcoinów“, powiedział.

Według niego, kupił kilka, ponieważ niektórzy studenci, których uczył na Uniwersytecie Harvarda, rzucili mu wyzwanie, by podjął się tego projektu.

Jednak Kevin O’Leary ponownie wyraził swoje obawy dotyczące niestabilności Bitcoina, jak również stanowisko rządu (SEC) wobec kryptońskiej koncepcji. Zauważył, że nieoficjalne rozmowy z regulatorami nie ujawniły żadnego pozytywnego raportu na temat uzyskania przez ETF akceptacji dla prawdziwego kryptońskiego ETF w obecnym czasie. Mówi, że organy regulacyjne są „trochę piskliwe na Bitcoin, nie są jeszcze całkiem tam“.

Gdyby jednak rządowi regulatorzy nie mieli nic przeciwko zatwierdzeniu kryptońskiej ETF, O’Leary zainwestowałby w nią. Powiedział: „Jeśli tak było, jeśli jutro rano obudzimy się i SEC powiedział, że można utworzyć ETF z Bitcoin i myślimy, że Bitcoin jest legalny, wiesz, system płatności i przechowywania bogactwa, nie tylko pójdzie w górę, ale masz wiele osób, takich jak ja, inwestując w nim, bo powiedziałbym, że ok, dam mu 5% wagi“.

Inni znaczący Krytycy Kryptońscy zmieniający się

Zmiękczająca postawa Kevina O’Leary’ego w stosunku do krypto waluty została przyjęta przez wielu w przestrzeni kryptońskiej. Ważne jest jednak, aby wiedzieć, że kilka instytucji i osób, które wcześniej krytykowały kryptoreklamę, obecnie przyjmuje walutę cyfrową.

Ex-PayPal i Intuit CEO Bill Harris, jest wielkim krytykiem kryptońskim, który określił Bitcoina jako oszustwo. „Jest to kolosalny schemat pompowania i zrzucania pieniędzy, którego świat nigdy nie widział“, powiedział wcześniej. Jednak od tego czasu PayPal zmienił swoje kryptograficzne stanowisko i teraz oferuje usługi kryptokurrency uprawnionym użytkownikom.

Ponadto, François Villeroy de Galhau, gubernator Banku Francji, powiedział: „[B]itcoin nie jest w żadnym wypadku walutą, ani nawet kryptokurrency. Jest on aktywem spekulacyjnym. Jego wartość i skrajna zmienność nie ma podstaw ekonomicznych i nie jest niczyją odpowiedzialnością“.

Niemniej jednak, od tego czasu francuski bank zmienił swoje stanowisko w sprawie kryptokurwaluty. Niedawno bank uruchomił projekt mający na celu wprowadzenie cyfrowego euro. Christine Lagarde, prezes Europejskiego Banku Centralnego (EBC), ujawniła również, że instytucja finansowa rozważa opracowanie euro CBDC.

BTC Cena
W momencie publikacji, Bitcoin (BTC) notowany jest na poziomie 22.414,57 USD, z limitem rynkowym w wysokości 416.310.481.731 USD i 24-godzinnym wolumenem 48.551.406.643 USD.

Pornhub now only accepts payments in encrypted form

Pornhub now only accepts payments in encrypted form.

Users of Pornhub Premium will have to make payments in cryptocurrency, following an abandonment of Visa and MasterCard. Could this open up cryptomoney to a wider audience?

Pornhub opens up to cryptomoney against a backdrop of controversy

A few days ago the news broke: the giants MasterCard and Visa suspended their payment options on Pornhub. The move followed a controversy that was stirring up the world of pornography. An article in the New York Times had revealed that Pornhub had allowed the hosting of videos that included minors, as well as sexually abused women.

The controversy had inflated and caused Visa and MasterCard to desert the site, as they no longer wished to be associated with it. As a reminder, PayPal had already deserted Pornhub in November 2019. Since then, Pornhub had with Bitcoin Storm gradually added many cryptomonnages to its services, including Bitcoin (BTC) and Stablecoin Tether (USDT).

Does Pornhub only accept cryptomoney?

As a consequence of all this, Pornhub now only accepts cryptomonnages for its Premium users. In addition to BTC and USDT, it is possible to make payments in, BCH, DASH, ETH, ETC, LTC, TRX, WAVES, XEM , XMR, XVG and ZEC.

However, this has only been confirmed for users based in certain regions, including the US and the UK. Users in some European countries may still be able to use SEPA credit transfers, but this remains to be confirmed.

While the news may seem positive for the take-up of cryptomoney, it has however been reported as worrying by players who use the platform to perform and generate revenue. With the vast majority of premium users paying in fiat currency, there may be an exodus as a result of this reduction in the number of payment methods.

For its part, Pornhub has communicated on a programme to clean up its platform so that it no longer hosts illegal content. Will this be enough to bring back providers of means of payment? That remains to be seen, but in the meantime it could push some users to use cryptomoney for the first time.

Veröffentlicht unter Crypto

Una pietra miliare: La scala di grigi registra 13 miliardi di dollari AUM

  • Il patrimonio netto gestito in scala di grigi ha raggiunto un altro record di 13 miliardi di dollari.
  • La crescita dei criptoassets segnala un crescente interesse per i criptoassets da parte delle istituzioni.

Negli ultimi mesi si è risvegliato l’interesse delle istituzioni nei confronti di Bitcoin (BTC) e del mercato delle cripto-valute.

Ciò è abbastanza evidente a seguito dell’aumento della valutazione degli asset in gestione (AUM) in Grayscale Investment, in Grayscale Investment, nell’investimento criptato di grado istituzionale e nella società di gestione. Attualmente, la valutazione dei cripto attivi con la società ha raggiunto il record di 13 miliardi di dollari, come twittato oggi.

13 miliardi di dollari di AUM guidati da Bitcoin

L’AUM da 13,0 miliardi di dollari con scala di grigi proviene dai suoi dieci prodotti in valuta digitale, che da quest’anno hanno tutti registrato un’enorme crescita. Il Bitcoin Pro continua a dominare la valutazione degli asset, che ora raggiunge i 10.821,8 milioni di dollari, che rappresentano circa l’83% del patrimonio netto gestito. Il secondo prodotto su Grayscale, Ethereum Trust, 1.722,5 milioni (circa il 13%).

Negli ultimi quattro mesi la società d’investimento ha registrato una crescita esponenziale degli attivi. Al 18 agosto, la società ha registrato un AUM netto di 6,1 miliardi di dollari per i dieci prodotti di criptovaluta.

Ad oggi, la scala di grigi è cresciuta di oltre il 113 per cento dopo le statistiche riportate. Questo suggerisce in qualche modo un crescente interesse per le valute crittografiche da parte degli investitori istituzionali. In particolare per il Bitcoin Trust della società, gli afflussi mensili sono in aumento da novembre.

Non solo in scala di grigi

3iQ, la principale società canadese di investimenti in beni digitali, vede anche una grande richiesta per il suo fondo Bitcoin. la società ha acquistato una quantità sostanziale di Bitcoin da questo mese, portando la sua partecipazione Bitcoin a 16.454 BTC il 1 dicembre.

Le partecipazioni di 3iQ Bitcoin sono aumentate di oltre il 117% negli ultimi tre mesi, per un valore di oltre 317 milioni di dollari.

Bitcoin and the Lindy effect: what lasts a long time is finally good

The life expectancy of a technology increases proportionally with its life. This is what the Lindy effect, popular among Bitcoiners, says. What to think of the concept.

The concepts and ideas that shape Ethereum Code acceptance curve are not always easy to understand. Bitcoin is a novel technology for which there are no analogues from the past. Accordingly, the rise of the first decentralized, fully digital money in human history seems incomprehensible to viewers at the side.

What is the Lindy Effect?

One of these concepts is the Lindy effect. At its core, the idea is pretty simple. According to this, the life expectancy of non-perishable things like technologies increases with the length of their existence. Each additional period of time that a technology masters implies a longer life expectancy.

The idea originally came from US author Albert Goldman, who in the 1960s linked the likelihood of comedy appearances in New York’s Lindy’s restaurant (hence the name) to the frequency of previous gigs. The more frequent the appearances, the more likely the comic career will continue in the future.

The concept only really got going when mathematician Benoit Mandelbrot described the “Lindy Effect” in his 1982 book The Fractal Geometry of Nature

Accordingly, future life expectancy is proportional to its past. So if a particular book is printed for 40 years, it can be expected that it will be in circulation for another 40 years. However, if it survives an additional ten years, it can be expected that it will still be sold in 50 years. The ultimate example of the body of literature that can be explained by the Lindy Effect is the Bible. It cannot be assumed that the Holy Scriptures will be replaced by an update in the next few years.

As Nassim Taleb explains in his book Antifragil , certain things age “backwards”. The automobile has been around for about 120 years. One can therefore assume that the invention will be relevant for another 120 years. Of course, according to Taleb, the Lindy effect is only a statistical probability distribution. So there is still an abrupt end to many technologies. The fax machine or landline telephone connections are largely a thing of the past, as they have been replaced by more efficient technologies such as e-mails and mobile phones.

If a book has been in print forty years, I can assume it will be in print for another forty years. But if it survives another decade, it will likely be in print for another fifty years. That usually just tells you why things age the other way around. Each year that goes by without extinction doubles the additional life expectancy.

Will the Aave token reach a new record high?

The AAVE token trades between the support at $ 62 and resistance at $ 83.

The price broke a short term descending resistance line.

The AAVE / BTC pair follows a descending resistance line.

Aave (AAVE) price is currently looking to break above the $ 83 resistance zone. If it succeeds, it would push the price up to a new record high.

Although a short term retracement may take place, the AAVE will likely continue to rise.

Aave is approaching its record high

The AAVE price has been rising from its low at $ 24.66 on November 5. It peaked at $ 84.71 on November 20, narrowly missing its all-time high (ATH) before declining sharply.

That said, this decline only served to validate the $ 62 area as support, knowing that price created a very long upper wick and has been rising since then.

Technical indicators are bullish and support the continuity of the upward movement. If price were to break above the resistance at $ 83, then there would be virtually no resistance to the high of $ 90.83.

Cryptocurrency trader @TradingTank pointed to an AAVE chart, saying the price will soon hit a new high.

While this is a possibility (also supported by technical indicators), price has yet to break above the $ 83 area which is needed for a new all-time high.

Future movement

The shorter term chart for Aave shows that price has breached a descending resistance line. That said, it generated considerable bearish divergences in the RSI like the MACD.

In addition, the price has not retested the passing level of resistance since its advance.

Thus, a short-term decline towards the $ 68 area seems plausible, before a potential resumption of its upward momentum.

AAVE / BTC shows price is following a descending resistance line from its August 23 high.

At the time of writing this analysis, the line coincided with the resistance at 0.0045₿, which makes it all the more important. Passing over this area would likely result in a very steep rally.

Technical indicators are bullish, supporting the possibility of a potential rise above resistance.

Thus, after having moved in a range going from 0.0045 0,00 to 0.0032₿, the price of the AAVE token will probably cross above this resistance line.