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this was mostly report of some gloomy incidents in bitcoin and some of them weren't really that significant or even untrue. there were a lot more news about bitcoin in the first quarter of 2020. for example the French news about adopting bitcoin as a legal way of payment or the Indian government ordering banks to loosen their grip on their customers regarding bitcoin trading and some more positive news which were more significant than COVID, altcoins or some whale moving coins.
I think that it wasn't included as it didn't affect the market much and maybe CD was trying to mention the most significant things that straight affected the price. If you want to reply all user don't make multiple post. Just quote his post and answer it for one post only You should follow this rules 32. Posting multiple posts in a row (excluding bumps and reserved posts by the thread starter) is not allowed.
Oh, didn't know that! Thanks for advice! |
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Good job!
Is it going to be only the list of Airdrops? (or new ICOs aswell?)
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⁃ The number of BTC whales (who have more than 1000BTC in their wallets) did not decrease on March 12, which indicates that the sell-off probably was not concentrated among the largest holders of long positions of the bitcoin.
that is completely wrong because we have no way of counting the number of whales in bitcoin. addresses that have a certain amount of bitcoin do NOT represent whales. If the number of 100+ wallets remained the same, it would suggest that if the coins were being exchanged it was not done on the markets but rather through OTC trading. This means that big whales were not adding fuel to the fire during this crash. It's a well known fact that the market price does not represent the real value of Bitcoin, simply because only a few percent of the supply is being traded. In other words, most Bitcoin owners do not trade and a lot of it is wash trading where the same people buy and sell the same coins over and over. I'm not a big holder, but the coins I got in 15 are still on my wallet and have not been traded at all. The majority of Bitoin owners do not actively trade. What do you think, what price of BTC is fair currently? |
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I think this conclusions are pretty obvious by now, but the good thing is that the crypto market has survived and will remain resilient. I don't know when the author wrote this article, but halving is less than a month from now. And we should move forward with the current flash crash. As one poster have said, it is depressing, but I guess everyone should look at the bright side, we have survived and I guess everyone is looking at the next big event - block halving.
What are your forecasts? |
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the conclusions and forecasts made by analysts of one of the largest crypto resources.
99% of those who you think are "analysts" are newbies who have very little understanding of this market! ⁃ On March 12, ETH survived its biggest daily drop in history — nearly -45%.
that was nowhere near the biggest dump of ethereum. during mid 2017 alone it had lots of 50% dumps not to mention that 64% crash of 2018 in February. by the way this -45% dump was not a daily drop it took more than a day. ⁃ The sudden drop in prices triggered snowballing liquidations.
⁃ All major crypto assets have experienced significant pullback (XTZ ~ 48%, BCH ~ 45%, XRP ~32%, LTC ~37%).
that's just altcoins getting dumped faster and bigger than bitcoin, it is normal. it is exactly liquidation it is panic sell. ⁃ The number of BTC whales (who have more than 1000BTC in their wallets) did not decrease on March 12, which indicates that the sell-off probably was not concentrated among the largest holders of long positions of the bitcoin.
that is completely wrong because we have no way of counting the number of whales in bitcoin. addresses that have a certain amount of bitcoin do NOT represent whales. ⁃ Correlation with S&P500. Those who believed in bitcoin as an “uncorrected asset” were probably disappointed with how quickly the situation changed in March 2020. Bitcoin may return to an uncorrelated state, but its positioning as an uncorrelated component of the portfolio has been questioned.
anybody who has looked at bitcoin charts ever has been surprised about how well bitcoin performed during this time. a 30% to 40% crash in stock market or any other big market for that matter is a big disaster but in bitcoin the same percentage drop is just another normal moderate drop. ⁃ Bitcoin transaction fees remained low during the market turmoil in the first quarter. Low transaction fees reinforce its potential use as a payment and transfer system, especially for sending large amounts.
wrong. fees increased up to 40 times during the 3 days that price was going down from the minimum of 1 satoshi/byte to up to 40. and they stayed up most of the same week and the next but not as high. ⁃ Halving will take place in less than two months when the reward for bitcoin block generation will be halved
there is less than 27 days remaining to halving! ⁃ New functionality for crypto networks will have a direct impact on adoption among users. First of all, it is the implementation of PoS for ETH,
switching from PoW to PoS is not a new functionality. it is a desperate way to save a centralized network and create some short term hype to pump the coin. and in the longer term it is to make free money for no work for those who have millions of Ether stored for free such as ethereum foundation and Vitalik who own the premined coins. Thanks for your comments. These are just take-aways from CD report, as CD is often considered as very reputable source. Your thoughts on this? |
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CoinDesk’s first quarter 2020 report has been released. The time since the beginning of the year was not easy, the more interesting are the conclusions and forecasts made by analysts of one of the largest crypto resources. Briefly, the conclusions about the state of the crypto market in the first quarter of 2020:⁃ Global disruption caused by the spread of COVID-19 caused a downturn across all asset classes, including a 30+% pullback in stock markets. Bitcoin was also in a knockdown, plummeting 40% on March 12.⁃ On March 12, ETH survived its biggest daily drop in history — nearly -45%. ⁃ The sudden drop in prices triggered snowballing liquidations. ⁃ All major crypto assets have experienced significant pullback (XTZ ~ 48%, BCH ~ 45%, XRP ~32%, LTC ~37%). ⁃ BTC futures is not the biggest market, but the activity on it has not decreased. The volume in these markets rose sharply on March 12 and returned to the base level, equal to or above previous levels. ⁃ The number of BTC whales (who have more than 1000BTC in their wallets) did not decrease on March 12, which indicates that the sell-off probably was not concentrated among the largest holders of long positions of the bitcoin. ⁃ Correlation with S&P500. Those who believed in bitcoin as an “uncorrected asset” were probably disappointed with how quickly the situation changed in March 2020. Bitcoin may return to an uncorrelated state, but its positioning as an uncorrelated component of the portfolio has been questioned. ⁃ Bitcoin transaction fees remained low during the market turmoil in the first quarter. Low transaction fees reinforce its potential use as a payment and transfer system, especially for sending large amounts. ⁃ CoinDesk expects that the amount fixed in DeFi and the ETH price will rise in tandem. In the short term, restoring to previous levels will mean restoring confidence in DeFi systems. ⁃ Halving will take place in less than two months when the reward for bitcoin block generation will be halved — from 12.5 BTC to 6.25 BTC. After two previous halvings, the price of bitcoin increased and compensated for the loss of bonuses for miners. The March drop in prices so far puts the upcoming halving on uncharted territory. ⁃ New functionality for crypto networks will have a direct impact on adoption among users. First of all, it is the implementation of PoS for ETH, as well as Schnorr signatures and Taproot for BTC. The full article is here: https://medium.com/@baloyan/coindesk-first-quater-2020-report-457073e302bbWhat are your thoughts? |
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Nothing is late if you do not act, from here to 2021 Bitcoin will explode again, and this time may be much larger than the previous times. Trust me.
I'm believing it this too!  |
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Got some questions: what are you raising money for? What's the global plan? Also, it seems to me that the project is really interesting (Uber in private jets), but who are your main rivals? As I think there are some existing companies that offer private jet bookings,
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I find some campaigns (at least one) to participate every weeks thanks to your newsletter!
I like that these bounties are selected and its not just a list of dozens, but three-four only chosen ones
Thank you guys!
Great to hear that! Enjoy your subscription! Thanks! |
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Thank you, I signed up for the newsletter. I hope you really choose good projects. And there will be no spam on my email address
Hey! Absolutely no spam! Hope you enjoy! Thanks |
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I think it will be useful for beginners ... Experienced ishut company manually in most of the rating sites and draw conclusions . I've seen several such sites and the things they have are bad ...
Hey! That's why we created our service! Hope you enjoy it! Thanks |
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Thanks for sharing.
This is a great project, wish you success.
Thanks a lot! Enjoy your subscription! |
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This is a good idea, it can help especially for newbies and don't have all time in the world in reading the forum. But I think they will demand something in return for their service.
No, actually we have a special "Sponsor" place in our newsletter for this  |
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i honestly like the idea though but how can u know which one is a good ico
Well, as I've mentioned in this thread, we choose very carefully, like if we were going to invest plus bounty conditions, budget and so on. |
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Nice initiative! I'll be sure to follow your updates through mail! For the record: we at Etcetera are running our own campaign. Etcetera is a new start-up with the idea of selling cryptocurrency gift cards in local stores worldwide. You can join our bounty campaign hereHave a nice day! Thanks! Enjoy your subscription! |
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Hey, this is nice. I don't need to scour the forum for a good bounty. Hopefully, your site is as updated as soon as the bounty is up.
This is actually one of the reasons we've created BountyHunters service. Enjoy! |
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Hey I have signed up in your website. Lately I am more into bounty campaigns because of the sudden surge in value of all altcoins. But I am not that expert to select a good bounty campaign to participate. Hope by subscribing your service, I will be notified via email when a legit and profitable bounty campaign arrives here in this forum.
Hey, Thanks for subscription, you will receive newsletter every week, we choose the most interesting current bounty campaigns. Hope you enjoy! |
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Really great service, very helpful and bounty campaigns that you choose are all worth it
Thank you, guys!
Thanks for subscription! Hope you enjoy our service!  |
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