Crypto | Bitcoin | Ethereum | Altcoin | News

2023-12-23 20:10:00 EIP-4844 expected to launch around Jan-Feb

This is going to be very bullish for the ethereum community, and in particular #L2s.

Transaction fees for Ethereum Layer 2 networks are expected to significantly decrease following this upgrade.

@Cryptocurrency_Inside Open / Comment

2023-12-23 13:37:29 BlackRock is planning to seed it's spot Bitcoin  ETF with $10 million.

Getting ready for approval

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2023-12-23 02:40:45 CNBC publishes "spot Bitcoin  ETF race could quickly reach your 401(k) retirement plan"

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2023-12-22 14:52:17 Bitcoin ETF approval Calender

January will be BIG month for ETF Approval.

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2023-07-22 23:18:34 Halving disclosure
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It's no secret that in 2024 the bitcoin mining process will become more complex and BTC will grow to $100k. Or maybe even to $400k if some reputable analysts are to be believed.

The topic of growth has been actively discussed on Twitter and in all other media for the last couple of months. Well, how else can we make money in BTC?

In fact, the increase in the complexity of mining, directly, practically does not affect the rate of everyone's favorite cryptocurrency. The mechanics of price formation depends primarily on the supply/demand balance.

demand is higher; supply is higher
There are more purchases, but also more sales. Accordingly, the price is maintained.

demand is higher; supply is lower
There are more buyers, less sellers. We're moving rapidly upwards.

demand down; supply down
The number of purchases decreases, sales also decrease. Equilibrium again (which we have been seeing for the last month, by the way).

demand is lower; supply is higher
And accordingly, there are fewer buyers and more sellers. A rapid fall downwards.

The third factor of influence is the total number of coins in circulation. Obviously, the higher the issue, the worse for the price. This factor is exactly what is affected by halving.

But! Let's imagine that 900 BTC are being mined every day. And they are reluctantly sold out, mostly held, because they see the prospect in bitcoin for various reasons. After halving, for example, there will be 400 BTC per day. But, at the same time, the investment attractiveness of BTC, let's say, will fall. Then both new and old bitcoins will sell out quickly, putting serious pressure on the glass.

At the same time, there will be fewer buyers. That is, we will get the third scenario described above. In which demand falls, supply increases, and the price goes to the bottom. And no halving will not be able to prevent the fall.

Therefore, it is important to remember! The market value of any asset depends primarily on the supply/demand balance. And if this balance is broken for various reasons, for the worse/for the better... then there is a natural change in price.

But, if we consider halving as one of the levers to influence supply/demand and maintain investment attractiveness... Yes, news noise does have a positive impact on the price. After all, thousands of investors will go to buy bitcoin (demand is higher) or continue to hold it (supply is lower) after reading headlines like "Halving is coming, mining BTC will be harder, $400k soon".

Do you believe bitcoin will be worth 100K+?

- Yes
- No

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2023-07-22 17:18:02 Listen to Strike's Founder, Jack Mallers, explain why Bitcoin is better than gold

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2023-07-22 00:19:02 The life of altcoins
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A simple observation from crypto-twitter that will help you not to get high - altcoins die when their capitalization reaches 10 million ETH (10% of saplai) or 2 million BTC (also 10% of saplai). Below are a number of examples and a few exceptions (which you know what).

LINK. 10M Eth, reached in mid-2020, down only since then.

NEO. Down only after 10M Eth.

SOL. Exceeded limit and reached ~17M Eth, but only down from there.

DASH. This one, on the other hand, almost fell short and only reached 1M₿.

AVAX. Only down after 8M Eth.

IOTA. Grew to ~1M₿, then slowly dying.

DOT. Maxed out at just under 1M₿, but around ~20M Eth.

TRX. The tops are close to the previous one.

LUNA. The most obvious position of the above, which suffered a crushing crash, but by volume fits the general rule - its max was at 1M₿ and 10M Eth.

XEM. Exactly the same situation: 1M₿ and 10M Eth, then only down.

Other examples of similar or close charts are BCH, SHIB, EOS, DASH, XMR, NANO, ATOM, ZEC, PPC, XTZ.

Exception: LTC! Caught in the "death zone" at the level of 1M₿ 5 times. True, the last time it happened was in 2019, since then - only a fall.

The obvious conclusion: when choosing long-term investments, look at the charts to ETH and BTC, avoid flying in late, and if you don't know what to buy - buy BTC or ETH.

Disclamer: of course, you should not rely only on the described rule. As always in such cases, not all coins even from the top 100 CMCs satisfy it. If the capitalization of the project has not reached 10 million ETH so far, it is quite possible that it will never reach them. However, the fact that on the horizon of 5+ years almost all cryptocurrencies are losing to BTC and ETH is an undeniable fact.

Do you invest in altcoins?

- Yes
- No

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2023-07-21 13:15:59 In order to theoretically perform a 51% attack on the Bitcoin network at current sophistication would require:

- 1,411,347 Antminer S19 XP asics

- $258,000 in electricity costs per hour.

@Cryptocurrency_Inside Open / Comment

2023-07-21 10:35:53 Percentage of BTC, DOGE, LTC that have not moved for 5 years

The number of BTCs that have seen no activity for 5 years has reached 29% of the total circulating coins ($235 billion at the exchange rate) - most of these BTCs are probably lost forever.

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2023-07-20 21:05:59 BREAKING: Tesla has added Bitcoin payment code on the back-end of its website.

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