Monat: Dezember 2020

2020 har vært et produktivt år for Bitcoin, og det har korrelert med en massiv økning i mengden av de aktive lommebokadressene i år.

Innsikten kom fra kryptokurrencyanalysen Coin Metrics ‚ State of the Network-rapporten som skisserte de viktigste takeawayene fra rommet i 2020

Mens Covid-19 har hindret økonomier rundt om i verden, har kryptovalutaområdet hatt en periode med stor gjenoppblomstring.

Ikke mer slik at Bitcoin, som har brutt seg løs fra sjaklene for å sette nye heltid i 2020 .

‚Return of Bitcoin‘

Hovedtyngden av artikkelen er sentrert rundt Bitcoins comebackår og innflytelsen fra institusjonelle investeringer som til slutt kommer inn i kryptovalutaområdet på en meningsfull måte.

Artikkelen nevnte betydelige investeringer fra slike som MicroStrategy, Square, MassMutual og andre vanlige finansinstitusjoner og investorer som drev økningen i verdien av Bitcoin.

En viktig beregning identifisert av Coin Metrics-forsker Nate Maddrey var antall aktive Bitcoin-adresser – som har sett en økning på 100 prosent fra rundt 600 000 aktive adresser til 1,2 millioner.

Maddrey noterte seg også at Bitcoins gruvebelønning halverte i 2020, og hadde en tilfeldig timing med pågående finanspolitiske stimuleringstiltak ansatt av den amerikanske regjeringen.

Universal Protocol Alliance [UPA] som inkluderade framstående blockchainföretag som Bittrex Global, Ledger, CertiK, InfiniGold och Uphold lanserade Universal Carbon [UPCO2] på en offentlig blockchain. Det kan köpas och hållas som en investering eller brännas för att kompensera för en persons koldioxidavtryck.

Enligt pressmeddelandet delat med AMBCrypto:

„… UPCO2-token kommer att demokratisera en viktig ny tillgångsklass, vilket kan leda till att ett globalt clearingpris för koldioxid (som idag finns för råvaror som olja och guld) och fler resurser går direkt till miljöprojekt.“

En UPCO2-token representerade ett verifierat projekt i regnskogen som minskade koldioxidutsläppen med ett ton per år. Alliansen tillhandahöll ett digitalt certifikat utfärdat av Verra, en internationell standardbyrå, som gör det möjligt för certifierade projekt att omvandla sina växthusgasreduktioner (GHG) till omsättbara koldioxidkrediter.

Ordföranden för UP Alliance, Matthew Le Merle noterade:

”De projekt vi stöder genom inköp av koldioxidkrediter förhindrar avskogning i Amazonas, Kongo-bassängen och Indonesien samt andra hotade regnskogar. För en ny generation investerare som söker mer än bara ekonomisk avkastning erbjuder UPCO2 attraktiva sociala, ekonomiska och miljömässiga fördelar. Vid ett viktigt ögonblick för klimatförändringar tillåter UPCO2 människor världen över att göra gott för planeten och potentiellt göra det bra för sig själva. ”

De frivilliga koldioxidkrediterna som stöder dessa koltoken bör så småningom få samma pris var som helst, enligt ordföranden. Logiken bakom detta var att de representerar, ett ton kol per år, som mäts detsamma för alla företag som vill kompensera sitt koldioxidavtryck. De dollarnominerade, globalt erkända, fungibla och fleråriga tillgångarna bör bibehålla sitt optionsvärde fram till konsumtion.

Ordföranden avslutade vidare:

”Kombinera en digital tillgång med en koldioxidutjämning i regnskogen och ge alla i världen tillgång. Hur kan det inte vara en bra idé? ”

Some crypto investors like to risk debt just to get into Bitcoin.

Getting a loan is a complex personal decision that should be made with great care and financial prudence. Bitcoin ( BTC ) has recently risen to an all-time high, so some Bitcoiners have taken out bank loans to buy more of the asset.

To some, this may seem like a shortcut to riches; others see such financial measures as stupid given the volatility in the area

In a tweet on Friday by Peter McCormack, the What Did Bitcoin podcast moderator called it, he had bought 2.55 Bitcoin with the help of a loan in the amount of 46,250 US dollars. He expects to pay back more than $ 57,000 within six years.

„If Profit Secret is at $ 22,669.35 in December 2026, I’ll be in the black,“ said McCormack. „I wanted to borrow a lot more money. My regular income can easily handle the monthly repayment of $ 800. But that was the highest I could make with my bank after thinking about the idea for a few minutes.“

McCormack is a well-known figure in the crypto space. He said he could afford to lose the money on the bitcoin investment. He currently has income from his podcast, but his 2018 portfolio suffered badly during the market downturn. At the time , he tweeted that he had turned $ 32,000 into $ 1.2 million. Then it all fell back to pretty much zero.

Vitalik Buterin strongly condemned such loans. The Ethereum co-founder stated in a tweet that he sold half of his BTC in 2013 when he was „only a few thousand dollars“ instead of taking out a bank loan to buy more crypto.

Crypto enthusiasts are divided on whether non-wealthy investors should take out bank loans just to buy more crypto

A Redditor who claimed it took out a loan in late September when Bitcoin price was below $ 11,000 said yesterday that it was „borrowing even more“ now that the price was above $ 19,000 .

„Borrowing at $ 11,000 was a good move,“ said Reddit user Yung-Split in response to the investment. „Be extremely careful about shopping now and after a spike. […] If you go into debt and buy from a local high, you could easily destroy your optimism.“

„You just played poker and you got lucky,“ said Redditor Grimeflea. „Because you were lucky, you think you hacked the system and got it right. This psychology will catch up with you soon. […] Anyone who thinks you can ‚invest‘ someone else’s money wisely is a Idiot.“

Cointelegraph reported in June that a flight attendant in the United Arab Emirates faces jail time and massive debt after failing to repay a $ 100,000 loan with Emirates Islamic Bank.

At press time, the Bitcoin price is $ 19,177. Over the past month it’s up 20.2 percent.

A former PBoC governor said China is taking a cautious approach to the digital yuan for now.

The Chinese government does not want to replace existing fiat currencies with its own digital currency, according to a former governor of the Chinese central bank (PBoC)

Zhou Xiaochuan, president of China’s Financial Association and former governor of the PBoC, claimed that China’s digital yuan was not intended to replace global fiat currencies like the US dollar and euro, according to the South China Morning Post on Dec. 14 reported .

The Digital Currency Electronic Payment, or DCEP, as China’s digital yuan is also called, is designed purely to facilitate cross-border trade and investment, Zhou said. Zhou compared China’s digital currency to the Facebook cryptocurrency project :

„If you are ready to use it, the yuan can be used for trade and investment. But we are not like Bitcoin Code and we do not want to replace existing currencies.“

Zhou went on to say that China has learned a lesson from regulatory opposition to the Libra project . Regulators feared the project would damage the financial system and monetary sovereignty.

Zhou said China is taking a more cautious approach:

„Some countries are concerned about the internationalization of the yuan. We cannot press them on sensitive matters and we cannot impose our will on them. We must avoid the impression of great power chauvinism.“

Zhou noted that one of the main advantages of DCEP is that it enables both payments and currency conversions in real time. „If the currency exchange is carried out at the moment of a retail transaction and there is supervision over this exchange, it brings new possibilities for dealing with one another,“ he said.

Zhou also stressed that most cross-border retail payments involving Chinese consumers are already cashless and processed through credit cards or payment services such as Alipay and WeChat Pay. But a digital yuan has additional advantages, such as real-time processing and transparency.

China is actively making progress in its work on its digital currency project . However, some financial experts in other countries have raised concerns that they will be lagging behind in developing their own central bank digital currencies. In October 2020 , Japan’s vice finance minister for international affairs warned the global community about the potential risks of China’s digital yuan. He also said there was a risk that China could gain an advantage if it were the first to introduce such a currency.

Bitcoin reached $19,000 immediately after the drop to $18,000 following the XRP flash crash on Coinbase

On November 24th, the price of Bitcoin (BTC) exceeded $19,000 for the first time in almost three years. The decisive rise came following a flash crash of XRP on Coinbase that shook the crypto market.

Perhaps the two events are just a coincidence. But considering that the price of Bitcoin rose almost immediately after the XRP correction, there could be a correlation.

XRP may have triggered Bitcoin’s rise to new highs.

As reported on 24 November by Cointelegraph, the price of XRP gained almost 80% in 48 hours. During the increase, the hype around cryptocurrency continued to intensify.

Interest in cryptocurrency has reached a point where it has overwhelmed Coinbase, the largest cryptocurrency exchange in the United States.

Joe Weisenthal, co-host of What’d You Miss on Bloomberg TV, pointed out that Coinbase has ended up in the Trends section on Twitter. The peak of interest in Coinbase materialised when the price of XRP began to rise. Weisenthal commented:

„Cryptocurrency Ripple has gone completely crazy in the last few days. Coinbase has just become a trend on Twitter, and all the tweets about it are people talking about buying it.“

The problem arose when XRP had a flash crash after touching $0.90 on Coinbase. The crash caused extreme market volatility in a short period of time. Bitcoin slipped around $18,000, while ETH dropped to $585.

Although it is difficult to conclusively demonstrate this, trends suggest that the flash crash pushed the algorithms to cause high volatility. The price of Bitcoin Hero review bounced sharply from $18,000 to $18,500, and in a few hours it exceeded $19,000.

When Bitcoin plunged to $18,000 within minutes, it may have hit a bidding zone. In other words, it may have hit an area with significant liquidity, causing many purchase orders to be executed.

What will be the next move?

In the short term, traders and analysts predict that Bitcoin will continue the uptrend and approach its historical high.

An investor known as „Blackbeard“ has pointed out the lack of inflows into exchanges despite BTC’s arrival at $19,000. This indicates that sales pressure on the main cryptocurrency is still relatively low:

„Even though BTC’s price is above $19,000, I don’t see any unusual numbers of inflows into cryptocurrency exchanges. Honestly, that makes me optimistic.“

Before the breakout over $19,000, trader „Salsa Tekila“ predicted the rise, saying that when the altcoins calm down, profits are likely to return to BTC:

„BTC has been stalled for a couple of days, while money is pouring into the altcoins. It’s not bearish for BTC. We are consolidating for a while before the $19,000. Realistically, I think we’re going to break the damn level. When? Probably when the altcoins calm down and people are selling to get back into Bitcoin.“

It is very likely that this trend, in which the profits from altcoins return to Bitcoin, will continue in the short term. In that case, the altcoin market may move sideways while BTC is riding a strong momentum.

Bitcoin est bloqué en dessous de 20 000 dollars.

La monnaie phare de la cryptologie a tenté de franchir le seuil de résistance psychologique à plusieurs reprises au cours des deux dernières semaines. Dans l’un des cas, elle a atteint jusqu’à 19 915 dollars, avant de subir une attaque baissière au nouveau record qui a fait baisser son prix de 2 000 dollars. Il est évident que le comportement de prise de bénéfices des traders se déchaîne lorsque Bitcoin clôture vers 20 000 $.

Coin des bitcoins

Mais si l’on regarde dans une perspective plus large, toute la fourchette entre 19 500 et 20 000 dollars incite les traders à sortir de leurs positions haussières pour un profit à court terme. Fin novembre, le taux de change BTC/USD a tenté à deux reprises de franchir la barre des 19 500 dollars, mais il a succombé à un sentiment de vente plus élevé, proche de ce niveau, pour tomber à 16 200 dollars plus tard.

Un recul s’en est suivi, et le prix a de nouveau été confronté au même biais baissier près de 19 700 $ – une évolution par rapport à 19 500 $, néanmoins. Et maintenant, la zone des 19 900 $ donne les mêmes vibrations, le prix ayant été ramené à 18 109 $ lors de son dernier test.

Le comportement des prix a laissé Bitcoin dans une séquence de hauts et de bas en modeste progression. En les imaginant ensemble, on a l’impression qu’ils forment un „Rising Wedge“.

Le modèle de coin montant de Bitcoin est en cours de développement.

Rétrospectivement, les négociants voient le Rising Wedge comme un renversement de tendance. Ainsi, il arrive généralement que le prix monte à l’intérieur de la fourchette du Wedge mais finit par passer en dessous de sa ligne de tendance de soutien. Si elle s’accompagne de volumes plus importants, la rupture négative fait chuter le prix d’une distance égale à la distance maximale entre la ligne de tendance supérieure et inférieure du Wedge.

La hauteur actuelle du modèle Rising Wedge de Bitcoin est de 3 249 $. Selon l’endroit d’où il s’effondre, son prix devrait baisser d’environ 3 000 $. Cela signifierait un plongeon vers 17 000 $ – au moins.

Mais il y a un hic

La ligne de tendance supérieure du Wedge est presque plate, la différence entre les niveaux élevés supérieurs avoisinant les 200 dollars. Certains traders peuvent également supposer qu’il s’agit d’un niveau de résistance horizontal. Si c’est vrai, cela jetterait toute la théorie du retournement baissier, comme nous l’avons vu plus haut, dans une poubelle.

Une ligne horizontale fait que l’ensemble de la structure des bitcoins ressemble à un triangle ascendant. Il s’agit d’un schéma de continuation dans lequel l’actif concerné continue généralement dans la direction de sa tendance précédente avec une rupture au-dessus de la ligne de tendance supérieure. Une cible idéale pour le taureau est autant que la hauteur du Triangle.

Cela signifie que le prix du Bitcoin – encore une fois – s’attend à un mouvement de 3 000 à 3 249 $, mais à la hausse. Cela place la cible de la cryptocouronne à environ 23 000 dollars.

Jusqu’à présent, les fondamentaux favorisent le Bitcoin.

Le discours sur l’inflation reste inchangé en raison de la probabilité que la Réserve fédérale achète des obligations à court terme et des dettes d’entreprises dans un contexte de taux d’intérêt bas. D’une part, les liquidités excessives en dollars US incitent les investisseurs à se débarrasser du billet vert. D’autre part, les perspectives de rendements plus faibles détournent leur attention vers des actifs plus risqués comme Bitcoin.

Cela explique pourquoi la tendance à la hausse de la cryptocouronne semble moins menaçante.