Watsgeburt this week in the world of bitcoin and crypto? We will take you to a number of major news items of the week numero 36. That makes the bitcoin price gearing up for a hot fall?
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Bitcoin (BTC) is a ceiling at $11,000 is
Bitcoin (BTC) is at the time of this writing, a share price back above $10.600 (+1.9% for the past 24 hours, and red).
Analyst John van see, the next support is at $10.200 are. If the price to the $10.800 to break free, then we must again be careful to look up, ” said John, in his technical analysis.
For about two weeks and started the price at $10,000 and the current market price is approx. $500 and above. It seems there’s one at $11,000 is too much resistance to be lying around.
Bitcoin exchange rate over the past two weeks (source: Cryptocompare)
Futures
The market is looking forward to the opening of the new bitcoin futures platform with Bakkt on Monday, september 23: the collapse of BTC in your account, from the 6th of september.
Just as with the CME Group, is the platform’s primary focus is on professional, in the united states to accredited investors and not retail investors. The parties, as BitMEX, and Binance will focus primarily on the retail industry.
VanEck and SolidX didn’t want to be the resolution of the SEC for a bitcoin ETF to wait and see, and come up with a bitcoin trust fund in the court.
Here again, the larger market players (hedge and pension funds, ed), which is a share of the fund will be able to buy, such as Grayscale Bitcoin Trust has been six years.
Transactierecord! Over 94,000 BTC (approx. Over $1 billion) to move
This week I had a transaction value of more than $1 billion to the topic of the conversation.
According to the twitter account Whale Alert, which is any abnormal transactions on the major networks, keeps track of, it was the largest transaction ever 94.504 BTC!) in dollar value ever, which is not a cryptobeurs it is.
Tokenanalyst did a deeper research on the blockchain, and the transaction can be traced back to the address registered with the Huobi exchange.
The $1 Billion+ $of BTC was transferred, in one transaction yesterday. Where did that come from? ?
We took a look and saw that a large proportion of it could be traced to a @HuobiGlobal addresses pic.twitter.com/4jdeYMgyNG
— TokenAnalyst (@thetokenanalyst September 6, 2019
It’s a new record for this address, and the network of bitcoin. If you want to the wallet at any time? You can register here.
According to the bitcoiner’s Max Keiser, go to the companies that are in the chest with a single bitcoin to be filled in.
Number of building inventory for their market-making services going forward. This = effective put on the BTC price at $9,000 (as I’ve been reporting for several yrs now). To him, institutions are net buyers, or any of the BTC is that it shows up at $9k. The Risk/reward now for buyers, is excellent. https://t.co/up7irZufX6
— Max Keiser, tweet, money. (@maxkeiser) on September 6, 2019
Gold, silver, and bitcoin
One of the more well-read of the call of beursveteraan Mark Mobius: ‘Bitcoin will only have value if it is backed by gold. In the Mobius is the key feature of trust, and that is why gold is preliminary and collateral is required.
On the market there are numerous cryptoprojecten, using a token to gold or any other precious issue. But that token does not equal net asset value.
Copy editor Job Nijsen zoomed in on the stock market performance of bitcoin, gold, and silver in 2019: bitcoin beats with an increase of over 275% of the precious metal, with flying colors.
But gold and silver are on the rise, respectively, or 18.8% and 17.5%.
Blog: Bitcoin (BTC) money?
Robin Bush, has a brief history of money in our society and the future role of bitcoin as a payment method.
According to him, it’s time for bitcoin, which is a combination of a digital resource and a clear business model. Click here to read the blog, Robin!
Will pay you with BTC? Yes, it is still in its infancy. So, it is disappointing that the network of Dogecoin is used, then the Lightning Network.
However, it is the ability of the side chain of one year, had grown by 738%
Planning to read of the Week: Bitcoin as a revolution is
In a new article, ” A Most Peaceful Revolution on the basis of the Nic Carter, he investigates the revolution that is bitcoin is and can be.
He is also the reason why some of the member states bitcoin, allow, or disallow, and insert the card. Thus, it is BTC’s past, in countries such as Morocco, Algeria, Bolivia, and Ecuador.
Image Source: Wikimedia
Tweet of the Week
The Dutchman is PlanB, is the author of ” the stock-to-flow model in which the trend of the bitcoin exchange rate fairly accurately able to predict the future.
Bitcoin is a hard asset, like gold and silver, it is relatively expensive to make. Bitcoin is also scarce, it becomes more and more scarce as time goes on and inflation takes off.
That’s to do with the price, which was in accordance with Plan ” B ” is the price in the direction of $50,000 or more for the halving by mid-2020.
Proof is in: #bitcoin’s price has been mainly driven by stock-to-flow to it, and not by any other factor
Cointegration, not correlation, is the key to btc’s price has been, and likely will be below – & above-S2F model to value every yearhttps://d.co./n5P5uMCKHThttps://t.co./pyid3iZduBhttps://t.co./z25vfx0yBM pic.twitter.com/imja5ybKaP
— PlanB (@100trillionUSD) on September 7, 2019
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. It’s bitcoin (BTC), one of the payment options.
Bitcoin Journal #7: Bitcoin mining, hashrate, and halving; consequences of Brexit, and DNB’s supervision
Every week, we’ll discuss the news on the bitcoin and cryptomarkt in the Bitcoin News.
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