In this ochtendupdate, we have five of the latest news on bitcoin is, for you, one step at a time. Among other things, the central bank of Venezuela: they have a request, received from a large company to make payments in BTC, but to accept it.
Contents
1. Bitcoin (BTC) exchange rate
The price of a Bitcoin depends on the time of this writing, is around $8,000. That is 4.7% lower than the day before.
Wednesday evening central european time know bitcoin are kind of his tail, stirring the mixture with a bit of a disappointment against the $8,000 limit on Bitstamp. It is so re-touched. However, for the rasechter hodlers, there is nothing to worry about.
The last day is the volume of the stablecoin Tether is greater than that of Bitcoin. Coinpaprika indicates that there is a total of $19.7 billion in USDT is traded as BTC, but is stuck at $17.7 billion.
2. Bitcoin in Venezuela
The central bank of Venezuela, is investigating the possibilities of Bitcoin (BTC) and the Ether (ETH) to hodlen. In this report, an anonymous source at the international monetary Fund.
The oil and gas company Petróleos de Venezuela, SA’s (PSDV) has a request for the bank to be deposited. They have problems with international orders due to the sanctions imposed by the United States of america and against president Maduro. The PSDV) is a state oil company, which means that all the shares are in the hands of the government.
Apparently, it is a request to the bank to accept payments in Bitcoin and Ether, to accept it, so that it has the suppliers in the cryptocurrencies that can be cashed out. This would mean that all the coins in a reserve account (the state treasury), the bank will be added to you.
In this request, the LIBRARY will only be receiving the cryptomunten. But in Venezuela, has been working with the computer. The nation is ravaged by hyperinflation which makes the Venezuelan bolivar is constantly losing value that is. Bitcoin turns out to be a way for a lot of people.
With the petro dollar, the country is also a leader in the field of a national digital currency. Maduro also gave up this year, and in order to get to the issue of the digital currency are to be implemented. This coin is backed by the oil reserves of the country.
In the hope that it will be the collapse of the global financial system, examines Venezuela’s central bank, to propose that cryptocurrencies be taken into account in the international reserves of the country.
These reserves are now the lowest in 30 years. With the application of the oliegigant, this would be a very, very concrete, and it is a hot topic now.
3. You don’t have to leave
Yesterday was one of the ochtendupdate that we have in the direction of the 86% that of the maximum supply of Bitcoin is going. Perhaps you think, ” oh, then, most of the coins are, therefore, already out of print and have been distributed.’ That’s true, but that’s no reason to be so, but have no BTC to buy it. Quite to the contrary.
We have, since the inception of bitcoin in two halvings had by all. Over the next 8 years and we have three more shows. The less BTC available on the market, the lower the demand will be. Please see below for the tweet to which this supply is to be visualized.
Everyone thinks they’re late in getting into bitcoin, but there’s a little bit of time left. So Don’t waist it! pic.twitter.com/bn7A0pwWVA
— Bitcoin Charts (@ChartsBtc) On September 26, 2019
In the model, of PlanB where scarcity is as a point of departure, it is taken into account for the price of a single Bitcoin.
4. Transactions
The recent fall in prices led to doubts among a select group of hodlers. However, if the number of transactions on the network, to see, to see this, it’s better than ever!!! The 365 daily moving averages, we can see a tree. Bitcoin seems like this is more vivid than it ever had before.
Apparently, some people are worried about Bitcoin? I don’t know if I can help, but let’s look at some data.
Here’s a chart of the 365 daily moving averages of the number of transactions on the Bitcoin network. Looks like we’re at an all-time high… pic.twitter.com/apvQgthZuJ
Hans HODL (@hansthered) on September 26, 2019
5. The volatility of BTC
We’ve all experienced: Bitcoin is very volatile. After a long period of time, when the price is within a triangle pattern it was, we all of a sudden a huge drop of almost 20%.
In the course of the years, the implied volatility (typically 30 days), which, however, gradually decreased. But when compared with gold, and the SP500 is in the BTC, however, still greatly agitated.
It is expected, however, that the more BTC in circulation, the higher the price, the lower the implied volatility. This is a pattern you see over the past few years between halvings) for which, however, occur.
Source: Cointelegraph
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