The price of bitcoin has rallied at the beginning of April after suffering significant losses in March, as positive news in the cryptocurrency space has encouraged investors.
The volatile cryptocurrency’s value has shifted wildly ever since mid-December - when it hit a record high of more than $19,850 (£14,214) - with frequent heavy drops and speedy recoveries. Its price plummet back to earth in January and February, as governments and central banks around the world raised the spectre of future regulation.
Bitcoin’s value plummeted again shortly before Christmas, dropping by almost $2,000 (£1,449) in just an hour at one point, and almost slipping below the $11,000 mark (£7,970).
It then bounced back, before tumbling again in mid-January, recovering again, and plummeting at the start of February before levelling out for the rest of the month.
March saw bitcoin's price drop below $10,000, reaching a low of $6,500 before rebounding above $7,000.
And now, where is the bitcoin price going next?
Buddy if we look for the present scenario the valuation is quite deflating though the valuation is quite good in the last months of 2k17 and this new year is not so good for bitcoin so the valuation is quite flactuating in this business year but not to worry, the pump and dump is the very rule of every investment so things will go good after sometime. |
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Today's media reported that BitInfoCharts data show that 3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r, an anonymous digital currency account, sold 6,500 BTCs in just 20 minutes on Tuesday, making the account balance shrink from 149 million US dollars to slightly more than 0.5 US dollars billion in 24 hours.” One out, causing the market a greater panic and volatility.
The query of the digital currency anonymous account via the BTC Block Browser transferred 6,500 BTCs around the beginning of the morning and was not certain to be a sell-off. Last year, the account had several large BTC transfers. The account received a total of about 1.7 million BTCs. The current account balance is about 188,000 BTCs. Investors are reminded to carefully identify such misleading information.
How many Bitcoins now exist? How much did the FBI seize during the Silk Road investigation? Where are all these Bitcoins? Who owns the largest number of Bitcoins in the world?
If you have not come up with such questions, sooner or later you will ask them.
To date, 16,98 million Bitcoins out of 21 million, identified as the unchangeable limit of their number, have already been extracted. Who owns most of the currency? There are several names on hearing.
Winklevoss twins
One of the twin brothers Winklevoss, who in 2013 bought Bitcoins for 11 million US dollars at the rate of 120 US dollars per 1 BTC since Bitcoin has lost in price only twice, and at the moment its price is much higher than that which. The brothers paid for it. If at the end of 2013, during the jump in prices to 1,000 US dollars, Winklevoss sold their Bitcoins, and then again bought them for the proceeds, but now the number of their Bitcoins would have been five times that.
Naturally, buying Bitcoins for money is not the only way to get them. There are two more ways. - This is mining, as well as selling for Bitcoins of goods and services. Ross Ulbricht (Ross Ulbricht) became one of the biggest owners of Bitcoins in the history of crypto-currency. The Silk Road.
During the investigation, about 174,000 BTC was confiscated from Ross Ulbricht and the Silk Road. Of these, approximately 144,000 BTC was confiscated from the computer of Ross Ulbricht, and the rest were found in numerous wallets belonging to the Silk Road.
After the confiscation, it was decided to sell the Bitcoins data in several lots from an auction. At the moment, held three auctions. The fourth and last is scheduled for November 5, 2015.
We do not have detailed information about the people who bought these Bitcoins, but some names are still known. Thus, venture capitalist Tim Draper purchased at the first auction Bitcoins worth 17 million US dollars.
Bitcoin Investment Trust bought most of BTC at the second auction. Most Bitcoins from the third auction were sold to a mysterious company called Cumberland Mining. It is rumored that a large stock exchange was hiding behind it ... Coinbase or Bitfinex. Even itBit purchased at the third auction about 3000 BTC.
In addition to Bitcoins with Silk Road, there are still covered with a veil of secrets of the coin of Satoshi Nakamoto. The real number of coins is unknown to anyone, and they have not been in circulation since the disappearance of their creator in 2011. During 2009 (the first year of mining), more than 1.5 million coins were created, and there are opinions that many of them controlled Nakamoto. The withdrawal of these coins in circulation can lead to a great panic in the market. The last time the movement of these coins was observed in February 2011, after which their owner publicly stated that he did not intend to scare anyone by issuing old coins.
As of July of last year, the largest number of Bitcoins is contained in the address coweGgC8CPZ6hYL1BBEfc1zqbSfHsprW. The amount on it was about 65 000 BTC, and the address remains active and with it periodically passes transactions to tens of thousands of BTC. Now it does not seem to exist anymore.
However, it is almost impossible to determine who actually owns the largest number of BTCs. The majority of crypto currency holders are reasonably silent about the state of their finances. In addition, very few people store large amounts of coins at the same address.
But if you still try to make an assumption, it is likely that the greatest control is now in the hands of the winners of Silk Road auctions, and the remaining large amounts are distributed between Winklevoss twins and several other large companies.
Author: Marko Vidrih
Buddy it doesn’t matter how much account we have for now, it’s all because of the fame and the popularity and the people’s trust in bitcoin, the point of discussion is that now people are losing faith in bitcoin and they are leaving or shifting their accounts, awareness campaigns need to be organised so that people regain their faith in bitcoin again. |
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This comes a bit late but still very much relevant, especially to somehow appease a lot of Bitcoin fans and followers who are now on the edge of panic selling because of what Bitcoin has been going through these past weeks and even months. I hope this little information will somehow address a big doubt on a significant number of Bitcoin fans and followers on the matter of overheard information that some governments are pushing for strict regulations or even ban on Bitcoin. Please know that the majority of the most powerful and advanced countries in the world is still widely open to Bitcoin and other cryptocurrencies. So, guys, please chill out!   The news is not quite good because people are now losing faith in bitcoin because the valuation of BTC is deflating day by day and moreover governments of several nations also denied they take no responsibility regarding BTC, so this problem is now become world wide and therefore the awareness for cyptos also needs to be created at international level. |
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What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
This is the very bad and the shocking news for all the bitcoiners because if countries like China wo is considered to be such a huge country bans bitcoin and moreover after legalisation it,then how would other countries will think to legalise it in their nation, an awareness needs to be created at international level so that people will develop their interests in bitcoin and other crypto currency too. |
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Share your personal bitcoin strategies during unstable market conditions, on how you were able to minimize your losses or even made gains maybe we can share other personal strategies here on how you maintain your porfolio's balance in a good scale. I'm not a TA person so my personal experience is all based on fundamentals.
1. I sold all my shit coins and convert them to btc.
2. I do a daily or weekly trades based on fundamentals and news on my alts holdings.
3. I joined more bounty campaigns and sold 100% most of them and convert to bitcoins then fiat.
4. Everytime bitcoin drops ( again my personal strategy) i used all the fiat from my bounties to buy bitcoin then sold them once it hits (10%) gain.
5. I keep on repeating this strategy and noticed that i really survive the downtrend even i didn't not sold my initial btc balance to fiat.
I know there are lots of very technical guys here who managed to survive by selling their bitcoins to fiat and eventually buying during lows. I shared this just to inspired those newbies who are not comfortable in converting their btc to fiat ( as sometimes makes us to loss more ). There are lots of good strategies to maintain our porfolio's balance which does not required extra money from our pocket but only requires more effort. I look forward to learn more good strategies here by sharing your own, Thanks in advance and Godbless to all of us!!!
The only strategies during the downtrend is to buy more and more bitcoins and hold them till the valuation inflates because holding your bitcoins during downtrend is the only basic rule in any kind of investment. |
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Strange times we live in. Crypto speculation, YouTube views, paid content. Yet no real contribution to the human evolution. A good professional is getting harder and harder to find. This generation is full of fucks who pose on YouTube, unboxing shit, and earning 100k dollars per month. Or "great economists" who are betting on a zero-value digital coin. This is insane. Go get a fuckin job, get a degree, go invent and participate in a project that has real benefits for our technological evolution. You are chasing ghosts and the next generations will have you impaled as the idiots of human history whose only occupation was to gamble and make selfies in moronic view-hungry vlogs on the internet.
So yes, hold your currencies like your life depends on it. Shallow and boring.
BTC < 8k USD. The measure of our generation...
The party can never be over because BTC is that type of crypto currency that can never let your party over but I will suggest one thing there that who left their jobs for the bitcoin is not justified because BTC is not yet centralised in our country, so it could be for part time but cannot be full time work for now, so for now just enjoy your bitcoining and rest leave on the future. |
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Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.
China bans mining
South Korea will not ban crypto but obviously does not welcome it
India banning crypto
I fully expected this resistance from governments.
Don't be surprised if more countries come out against bitcoin
A very complicated and obviously the diplomatic question. There is negative news coming from all around and now people are losing faith in crypto currency and moreover governments of many countries has even banned crypto currency but it doesn’t mean that we should all accept that nothing can happen with bitcoin, bitcoin has very bright future ahead. |
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Please house, I will like to know whether out of the existing altcoins anyone of them has potential to be like bitcoin in the nearest future. I will appreciate if i can know the reason why because this will greatly assis me in planning my investment strategy. Thanks.
First of all there is no such alt coin like bitcoin because BTC has the only potential to be that much great and provide employment to millions of people engaged into it and also its valuation inflates at a very fast rate that any individual can get very good profit in very short span of time but in worst cases if bitcoin will end then its alternative crypto currency could be etherum. |
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It is very sad to say that a technology like this would come to a big tragedy
Bitcoin has the potential to be great but it has become a weapon of Greed
The real use of bitcoin as a payment system is just a fantasy
But what happens in reality, it is just a pump and dump coin like the rest
The only coin that is using blockchain technology the right way is USDT or Tether
most other coins are just scams and not meant for adaptability
A currency is something that can be used for daily basis rather than just an investment
majority of people who buy bitcoin is just for investment and not used as a payment itself
Never the less
HAIL HYDRA!
BTC the so called future of economics, is undergoing several ups and downs and the 2k18 till now has proven very negative for bitcoin but it simply doesn’t mean that it’s end is end. Let me clear you one thing that BTC is very sustainable crypto currency. BTC has the potential to be very great . Though some greedy reasons are associated with BTC but I am damm sure that they all will end with the centralisation of bitcoin. |
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The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Yes bitcoin is a new gold and more exactly speaking it is more volatile than gold and investment into BTC is much profitable than investing into any other business and moreover the valuation fluctuations is more frequent and the valuation inflates at very high rate and moreover it is very reliable crypto currency that might replace the paper currency in the future. |
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It's a very good news if any company and such a big company like Samsung is planning to develop a software who can mine bitcoin. BTC is very sustainable cryptocurrency and would profit everyone who is investing into it and yes it will inflate the valuation too if BTC and would also effect government and banks of several nation to legalize BTC.  |
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More and more positive news concerning legalizing Crypto come from various part of the world. This one is from Central Asia: Uzbekistan Legalizes CryptocurrencyIt is the second Post-Soviet country that made such a step, the first one was Belarus. This is really a very good news and other such news has been coming from other places too. Now we can see in different parts of the world that people around the started accepting BTC and now they had understood the potential of BTC and accepting BTC as a mode of transactions just like Uzbekistan legalize bitcoin in its nation. |
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Strange times we live in. Crypto speculation, YouTube views, paid content. Yet no real contribution to the human evolution. A good professional is getting harder and harder to find. This generation is full of fucks who pose on YouTube, unboxing shit, and earning 100k dollars per month. Or "great economists" who are betting on a zero-value digital coin. This is insane. Go get a fuckin job, get a degree, go invent and participate in a project that has real benefits for our technological evolution. You are chasing ghosts and the next generations will have you impaled as the idiots of human history whose only occupation was to gamble and make selfies in moronic view-hungry vlogs on the internet.
So yes, hold your currencies like your life depends on it. Shallow and boring.
BTC < 8k USD. The measure of our generation...
Buddy, according to me, u r wrong because BTC is not a ghost 👻 or anything that anyone is running behind uselessly, though u r right in some places like for now, we can't make BTC an full time job because BTC is not that much known to everyone but in the future, this thing could happen and for now, u can't say investing into BTC is useless. |
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In the U.S. tax season has arrived and many American cryptocurrency proponents are squirming because they have to pay for some of the gains they made last year. However, there are a lot of digital currency holders who could care less about taxes and they strongly believe that taxation is antithetical to cryptocurrencies. While there is a good portion of digital currency holders planning to file their gains and losses, many crypto-advocates don’t plan to pay their tax liabilities. what do you think the crypto coin tax should be required or not  According to me, the cryptocurrency taxes are very much required because being a very very successful cryptocurrency, bitcoin possess only single disadvantage and that is it's illegal use because having no authorized governing body over it, BTC is also use in some sort of illegal activities like terrorism and bribe killing, therefore taxation is required over it, so that government could control it and further there will be no such activities. |
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i just did a simple calculation, about 35k bitcoins are traded on GDAX every day. At its current price of $6900 and a trading fee of 0.3%, the exchange puts about $700,000 in its pocket EACH DAY and it is ONLY for bitcoin. After including all other cryptos, this number can go up to more than $2MM. Since the exchange is active 365 days a year, the exchange's annual revenue can reach almost $1bn!!
This is very surprising and yes the crazy too because this calculation is far away from my expectations that how can a exchange earns such a lot from a single cryptocurrency naming bitcoin, though BTC is very successful and sustainable cryptocurrency but still an exchange earning such a huge amount in a year is really surprising. |
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i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?  In the time of deflation, the buying and holding is the only way and I guess, is the best way to make profit because this is the time when you can buy more and more bitcoins because the valuation is not that much hiked and then hold them till the valuation inflates and u can simply make a very good profit but still there are many other ways to invest into BTC like joining survey campaign or start writing for them could be other options too. |
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Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?
I think BTC has that potential that it can make you very rich just like drugs and smuggling can make you and yes I can understand your situation too that if you become very rich with the bitcoin then in the present scenario, it is very difficult to make people believe that it's the bitcoin, not other illegal activities because in present scenario, the people are unaware of the complete potential of BTC. So for now, u can tell them the success stories of those people who has become that much popular and rich because of bitcoin only. |
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The central bank of India (RBI) today, directed all the regulated bodies to not to provide services to any individual and business entities that use or deals in virtual currencies within a specified time period i.e. about 3 months.
RBI bans regulated entities to deal with crypto users
Reserve Bank of India (RBI) has barred the regulated entities including banks from providing services to any individual or business entity that deals with virtual currencies.
Today has been the first bi-monthly Monetary Policy Statement of 2018-19 of RBI, where the central bank has given a 3 months period to sever their ties with the entities using virtual currencies.
Yes, I also got this news and this is very shocking news for me also because Now my entire life style depends on BTC only and being the resident of India, I was very worried about the ban but let me clear u one thing first that this ban is not on permanent basis, this is only temporary ban because RBI is not sure about that volatility of BTC, once they come to know, they will surely remove the ban. |
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What do you think about this one? Apparently, a bank in UK is planning to open a Crypto Trading Desk - Barclays, the second-largest bank in the UK, but is still in early stages. They even have an indirect ownership of an existing Crypto Trading Desk in Circle, which handles a lot of transactions per day. What can be the effects of it once it will be implemented in the bank? Is it a good idea to have one? I think that it will have a good effect on Bitcoin, and will make it more popular. Since if this will be implemented, investors might be a feel a little sense of security once it will be handled by a bank. Although, some may just invest in Bitcoin without knowing first what it is. You know, the kind of people who only ride with the hype. SourceFor more info, this is the link. Obviously this is the very good news if any country is planning for bitcoin because there are still many countries who doesn't find bitcoin to be much reliable and if country is UK is planning to open a trading desk for BTC, then it is more than a good news and if in present scenario, the government is not able to regulate BTC and if banks are taking such a great initiative then people will also think that the money, they are investing, is in safer hands. |
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Though the valuation of BTC is deflating, it doesn't mean that it will not inflate again in future because BTC is that cryptocurrency in which people are investing so that they can preserve for the future generation because BTC is an asset, an asset which anyone wants to invest in. BTC like other investments has its own pumps and dumps, so don't worry and always has faith in BTC. |
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