There are currently about 18,375 million bitcoins in circulation. Think I read about four million bitcoins are considered lost, including the estimated one million bitcoins owned by Satoshi that never moved.
That means that there is a real stock of 14,375 million bitcoins. And with a block reward of now 6.25 bitcoins, there are 328,500 new bitcoins mined per year. This puts the inflation of Bitcoin for the next 365 days at around 2.8%.
Yes people tend to forget this. But you made a mistake in your calculation it is 2.3% and not 2.8%. However you look at it, it is very close to Gold. Bitcoins future is scarce.
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Stable coins will exist as long as national currencies will exist. When they will collapse so will stable coins. hen will be left only useless asset pegged coin like Xaurum or similar that are backed by gold.
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Signs of a recovery? consecutive green daily candles Maybe going back to 0.0082. It was rejected several times so far. Who knows what will happen next time there.
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Is this scenario likely?
It is very likely if we get a second wave of covid-19 first in China and then in Europe and USA. And first wave still active in Africa South America and Russia. We can have huge economic decline in 2020 and 2021.
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BTC down to low 8000s right now
I was waiting for such a dump this was a pre-halving pump. Everyone thought it would be such a dump, but everyone thought it would be after halving. So everyone was preparing and buying for it. And using this hype, the whales played the game. Those who traded in the spot market they did not suffer much loss due to this dump and they would recover in the near future. But those involved in margin trades and futures trades have suffered huge losses this dump has been done to liquidate their position. However those like me who are interested in long-term hold. They do not run after such short term hype. So increase your holding, accumulate more bitcoins in each dip and prepare yourself for the next bull run. Originally should be before halving but because of covid-19 recession all got postponed and we expected bear trap will happen after halving at higher price then $10000. No we will most likely stay where we are or lower for few weeks. Then who knows maybe recession will strike big or somehow we will have a V shape recovery and Bitcoin price will recover as it was originally planed.
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Africa is huge and its population and economy will grow by far most in next century. Crypto will definitely help them to achieve all this faster. Strongest economy spot is of course reserved fro USA, China and India, but Africa will have plenty of countries in top20 in 22th century.
In next century? We will not there to see if this is going to happen. Africa is a good market in terms of population as there are many potential users there but the there are not strong economies that can support buying and selling trades. Not only population. Also area of Africa is huge. When you look on map you are deceived since countries around equator looks way smaller as they actually are compared to countries far from equator. Canada or Russia looks like is bigger then whole Africa, but in reality they both can be squeezed on Africa continent easily.
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Tether is fully transparent. We can see all coins being generated and burned so as we can see all transactions where those coins went. Current fiat system is not transparent, but is private. So we cant see where all USD goes. If they are on Tether account or not. Only sender and receiver knows. So the one that send USD to Tether and Tether themselves. Government of course have some system to check company accounts. So they also know it.
Full transparency that transparent ledger cryptocurrencies bring is a big novelty in fiance.
Tether as a coin is fully transparent, but what's the point in having a transparent currency if it's centralized? The coin is transparent, but the company behind it isn't. Hence a pretty bad combination. There are lots of large corporations out there laundering money and wash trading. It's supposed that governments "know" or "would find out", but they don't - or they do, after they transfer millions and billions in their tax-haven bank accounts. If they're doing shady stuff, they'd obviously steer away from the government. So yeah, although the coin itself may be transparent, I'd personally not tell someone that Tether is too. Could create the wrong, interpretable image of it in someone's mind and I just want to avoid that. No company is transparent as Bitcoin and Tether. They never were and will never be. Companies can do a lot and trade with a lot of people you will never know they did. You will only know when they trade with you. When you go to McDonald and trade with McDonald you will know you gave them $10. No one else beside you and them will know that. You can buy Big Mac with a dirty USD you got on an illegal bet with your neighbour on you betting that Bitcoin will be under $10000 at halving block. But government can check McDonald transactions and see that you spend there $10 you never should have. So they will knock on your door and ask where you got those $10.
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Am I the only one thinking bitcoin will experience some price (probably massive) corrections after the halving hype dies down.
Yes. It is called a bear trap. Last time it happened a bit before halving. This time because of covid-19 lockout price drop it will for sure happen after halving. Question is when it will happen. Probably is easier to speculate for price then for date. I would say at around $13000. Maybe a bit more. Ha I guess I was totally wrong. We only managed to get to $10000 before the bear trap. I guess the upcoming recession did her part.
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I am new in crypto and what I observed from my few days trading that their are big manipulation on Bitcoin price. I saw few big transactions on USDT. They minted a millions of usdt and also they burn it too. Is their any transparency that we can find out that how much they minted it that was backed by real USD. I mean its looks like they minted it for manipulate the price and then burn. I mean why even they minted it if they burn it. Is their any audit about it?
Tether is fully transparent. We can see all coins being generated and burned so as we can see all transactions where those coins went. Current fiat system is not transparent, but is private. So we cant see where all USD goes. If they are on Tether account or not. Only sender and receiver knows. So the one that send USD to Tether and Tether themselves. Government of course have some system to check company accounts. So they also know it. Full transparency that transparent ledger cryptocurrencies bring is a big novelty in fiance.
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The year is 2025. #bitcoin has been trading between 50k-100k. Hyperinflation is real. The new generation of bearish guys on twitter warn your it’s going back to 9500 every time it dump. You laugh, it dumps to 19k and everybody sells before it bounces to a new high 🔮
How do you think ? and give me comment here
Man if we will have a hyperinflation by the year 2025 and Bitcoin will be worth only $100k I will be very disappointed. That will mean that Bitcoin had not gained any value at all. I expect it to at least x10 in next 5 years.
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Africa is huge and its population and economy will grow by far most in next century. Crypto will definitely help them to achieve all this faster. Strongest economy spot is of course reserved fro USA, China and India, but Africa will have plenty of countries in top20 in 22th century.
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I'm new to this space (but not investing/trading in general, like stocks, etc.) and doing a deep dive. I'm in the U.S. What is the best way to buy these Alt. coins? Confused a bit about the path of least resistance. One that was recommended is to "buy Bitcoin on either Coinbase.com or Gemini.com, then open an account on the Bittrex exchange, then move some Bitcoin from your Coinbase or Gemini account to Bittrex, and then use, Coin Switch to change it to various altcoins. I'm thinking their MUST be an easier and shorter path than that! Please advise. Thanks so much!
Buy on Kraken and hold in an opensource wallet where you hold your private keys. IF you plan to buy more it would be wise to also buy a hardware wallet.
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Oh man... do we really need more thread about Bitcoin Halving? Let me count how many thread have been discussed about this FOMO
Come on is 3 more days and then we will be free for next 3 years and a bit But dont worry 3 days from now we will find something else. ETF, BAKKT, halving, ...
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Am I the only one thinking bitcoin will experience some price (probably massive) corrections after the halving hype dies down.
Yes. It is called a bear trap. Last time it happened a bit before halving. This time because of covid-19 lockout price drop it will for sure happen after halving. Question is when it will happen. Probably is easier to speculate for price then for date. I would say at around $13000. Maybe a bit more.
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I'd like to know how they get those numbers.
This research https://www.rand.org/pubs/research_reports/RR4418.html581,871 listings across these eight marketplaces. If they picked right marketplaces and how accurate is this is beyond my knowledge. Research was "made" by Zcash most likely to show how little it is used on dark markets. They have plenty of money to waste on such things. But reality is that it is used just the same little as everywhere else.
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Seriously you say the truth, but I won't really blame most companies that want to manufacture all their products in China lol. It is not that other countries can't manufacture all those things by themselves, but the thing is that there are lots of low-wage workers and companies are manufacturing there to be able to get production on a low cost.
Manufacturing in China is not cheap. China have expensive workforce. And with constant GDP growth it is getting more and more expensive. Cheap workforce is in Southeast Asia and in Africa. Also in parts of South America.
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Some research of darknet vendors from 8 darkmarkets. It still show Bitcoin as most used coin on darkmarkets. And very surprisingly to me also Ethereum at 12%.
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Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail. Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.
You cant be successful in trading in so easily manipulated market as crypto. Bitcoin is easily manipulated. Alt cons are even more. You see 50% daily pumps and dumps that have no explanation except market manipulation. You buy coins that you believe will be used 10 years form now. And keep them secured. That is all you need to do.
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I have a feeling that people buying bitcoin just because of the halving are going to be a little disappointed.
Most people buying Bitcoin fro short term are usually disappointed. In many cases they even lose money. Bitcoin is not meant for trading. It is price is to easy to manipulate and small traders can get a price halving very easily. Some learn by that some dont.
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