Bitcoin (BTC) is at the time of this writing, $10.324-worth on Bitstamp, as a number of altcoins will rise relative to bitcoin such as ethereum.
So what is this week happening? A number of important news items in a row.
Contents
Bitcoin (BTC) is faltering under $11.000
In fact, in a week’s time, not a whole lot exciting has happened to the bitcoin price. This act is still under $11.000, while the market hovers at 70%. The price has not yet recovered from the rejection, at $10.800 last week.
An analyst, John is More conclusion in the analysis of, inter alia:
On the daily chart, the stock price is in an equilibrium pattern, which is likely in a few days time, it will break down.
I would expect that to go down, it will be in the direction of the bottom of the descending triangle. First, you will need a higher low to be formed, which I expect it to be around $10,000 – $10.100.
John Lake, founder/trader.
Bitcoin exchange rate over the past two weeks (source: Cryptocompare)
The price of bitcoin in Argentina is just $12.750 will be worth at the local cryptobeurzen due to the weak peso.
At the peak of the bitcoin price, the Argentinians will also be better off using BTC, but with the peso. Unlike a currency, BTC is not a question of inflation, rather deflation.
The important dates for the coming weeks:
September 23: launch of bitcoin futuresplatform Bakkt. The contracts are backed (hence the name: Bakkt with physical Bitcoins. It needs to be a bridge between the Wall Street and digital video.
October 13: beurswaakhond SEC’s decision to be final about the bitcoin ETF application, Bitwise: is the SEC, if you have any questions about price manipulation and it is safe cryptobeheer
October 18th: SEC’s decision to be final about the bitcoin ETF application VanEck/SolidX
October 28: at the end of the Mt. Gox soap opera? Over 24,000 members have clarity about financial aid. In a hack-off 2011 850.000 BTC seized.
Bitcoin hashrate & Lightning
The bitcoin network will be using for the week in a stronger position. With a selection like this:
Hashrate: the computational power of the network, which reached recently to new heights, with 94 billion hashes per second.
Block: as a result, blocks are found faster, the average block time is a 7-minute and 50-second intervals.
This may mean that the bitcoin halving is already in the in april 2020, it takes place in the place of the may-2020
Lightning Network, with a second layer to bitcoin, where you have a lot more quickly bitcoin can be sent without the surface load. The activity in this network has grown steadily.
Bitcoin predictions
The American durfinvesteerder Tim Draper has maintained its prediction that the bitcoin (BTC) by the end of 2022 to $250,000 a piece. He said in a recent interview:
With a value of $250,000, it means that bitcoin has a market share of around 5% in the valutawereld, and I think I have the strength of BTC is undervalued.
Tim Draper front BlockTV
For Plan B, and Since a Citizen last week as well (once again in the news because of their pricing.
Planning to read from the Week:
If it is, consideration should be given to the design of the German PhD student, researcher, Harold Burger, which predicts that the price next year will increase to $100,000 in cash.
Extensive Media section on the model, it is very well worth the read!
Tweet of the Week
The Dutchman’s Plan B for a stock-to-flow model in order to get a grip on the price range of of of BTC.
He, however, sees a link between the increasing hashrate (see above), and the price.
As soon as the price is, again, the hashrate on the network, then we can get into the cycle of a price of at least $30,000 to be expected. He sees bitcoin as the next most logical step in the history of money.
#Bitcoin is the logical next step in money, technology
Money = Speech
It is Better money, I would like better communication will lead to better cooperation, more trade, more specialization and better capital allocation. Some countries, central banks and/or companies will show leadership. pic.twitter.com/7zIgZCNs00
— PlanB (@100trillionUSD September 13, 2019
China launches almost to its own cryptomunt
Copy editor Job Nijsen is the question of why China is in such a rush to with their own cryptomunt?
The People’s Bank of China (PBoC), the central bank of China, and is said to be the first major central bank, which is a digital version of the coin is to spend.
They also have more control over that economy, can sustain, as well. It is, of course, be directly contrary to the decentralized concept as bitcoin has begun: the digital cash is without any censorship.
Web: an Astronaut on the moon t-shirt.
Exciting news! We have had this month our shop will be launched, which we have witnessed with the merch, and expand. Feel free to have a look around! Our first shirts are now on order.
Bitcoin Journal #8: Bitcoin, Lightning Network, the Dutch central bank and Binance America
Plenty to talk about and that’s what we do in this new and Bitcoin News #8. Enjoy!
The new Bitcoin News on: Bitcoin, and the Lightning Network, as well as the measures taken by The Bank
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