Mark Cuban on his cryptocurrency portfolio: 'I own a lot of Ethereum because I think it's the closest ...

Bitcoin, created in 2009, is the largest cryptocurrency by market value, but is appealing to Cuban as a store of value rather than a currency. In 2012, " ...

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BITCOIN | The Stairway to Heaven, 1 MILLION! for COINBASE:BTCUSD by VaidoVeek ...

YES, you see there $1.000.000 - one million - and Bitcoin will reach there at the end of October in 2023. Sorry, cannot say exact day and hour because ...

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The $5 Wrench Attack And Your Bitcoin Stack

"I've done everything Uncle Jim told me to do: I got a hardware wallet, wrote down my seed phrase, and took custody of my bitcoin." Have you also heard ...

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How To Keep Your Cryptocurrency Safe | ItsBlockchain

Digital currency is a convenient alternative method of investing and budgeting. Here are six ways to keep your cryptocurrency safe.

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Morgan Stanley has officially filed with the SEC to buy bitcoin! (NOT april fools!)

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Submitted April 01, 2021 at 06:35PM by sgtslaughterTV https://ift.tt/3meXXYQ https://ift.tt/2Z7cX2s

New Data Shows Bitcoin Captured Net Gains For Six Consecutive Months

According to Bloqport’s latest data, bitcoin, which ended the month of March with an overall gain of 29%, has now been in the green for six consecutive months. The data also shows that the crypto asset’s value has nearly doubled from its December 2020 closing price of $29,383 to its current value of $58,647. With this run, bitcoin has already outperformed many other assets including gold.

An Institution-Fueled Bull Run

As shown by the research and analytics firm’s data, BTC’s current run began at the start of Q4 of 2020, a period that coincides with increased reports of institutional investors acquiring the crypto asset. As reported by Bitcoin.com News, Microstrategy and Square Inc had kickstarted a new wave of large corporations and hedge funds buying into the crypto asset. For instance, on October 7, 2020, Square Inc announced it had converted 1% of cash reserves (or $50 million at the time) into BTC. Since then, more corporations including Elon Musk’s Tesla have revealed their BTC holdings.

Meanwhile, as more institutional investors and large corporations continued to reveal their BTC positions, the crypto asset’s value surged. For instance, after registering a net gain of 28% during October, the crypto asset went up by 43% in November and a further 48% in December.

BTC’s Second Best Run

The month of December also saw BTC going past its 2017/18 all-time high of just under $20,000. Similarly, BTC has grown by double digits figures in the first three months of 2021 with the month of January recording the least gain.

Yet according to Bloqport’s data, this is only the third time the bitcoin has recorded net gains for six consecutive months or more. The same run was previously seen in 2012, between April and September. However, it is the period from November of 2012 to May of 2013 when BTC recorded seven consecutive monthly net gains.

In terms of the worst periods for the crypto asset, the data shows that BTC had some of its less stellar moments in the year 2011 and 2018.

Do you think BTC’s net monthly gains can go beyond the current record of seven consecutive months? Tell us what you think in the comments section below.

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Coinbase going public on April 14 under ticker "COIN"

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Submitted April 01, 2021 at 03:39PM by rawtxapp https://ift.tt/2PimvEd https://ift.tt/2Z7cX2s

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No Joke, Chipotle Offers Burritos and Bitcoin on April 1

Burritos and bitcoin are what Chipotle Mexican Grill is serving up on National Burrito Day April 1. And no, it's not an April Fool's joke. The fast-food ...

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Bitcoin And . . . Untapped Growth Ep392

Join me today for Episode 392 of Bitcoin And . . . UntappedGrowth! Topics for today: - @UntappedGrowth - untappedgrowth.com ...

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Another sign we are still very early as investors: most investment/finance subs on Reddit are still VERY hostile towards crypto, and they are either auto-banning or instantly downvoting any post related to cryptos.

I have ventured into investment/finance subs to try to share an investment thesis about Ethereum and Bitcoin that I have been working on. Every single sub except one (I can't name it here because its against the rules) has been incredibly hostile and/or completely unwilling to even consider the possibility of allowing handpicked quality content posts about crypto.

I also got banned from Reddit's most popular investing sub earlier today after posting a request to remove the blanket ban for cryptos. I was very careful to be as respectful and empathetic to the mods prior decision to enact a blanket ban, but the mods were very hostile. You can view the exchange I had with one of them this screenshot (he banned me after my last comment). Some users showed interest, but the overall animosity level against cryptos is quite ridiculous, and in retrospect these mods will have to do a lot of explaining to their users if crypto continues their journey into becoming a major asset class.

EDIT: I am including the post that got banned below for those thinking that it was mindless shilling or juvenile in any way. Just to be 100%, I had already talked to a mod before posting a request to lift the ban from crypto posts (notice that he specifically said that purely crypto posts were NOT allowed in the sub). I also pointed this out to the second mod that I was talking to that ended up banning me.

No Nonsense Investment Thesis for Ethereum and Bitcoin

Hello,

I would like to share with this community an Ethereum investment thesis I have been working on for several months now. I am aware that cryptocurrencies are a very controversial topic, but this is a good resource if you are curious about learning more about Bitcoin and Ethereum. The thesis covers some of the basic concepts and value proposition for Bitcoin, but it expands on a full blown technical, economic analysis and practical analysis of how Ethereum relates to it.

These are the main points of the thesis:

• Bitcoin is becoming established as a pristine monetary asset.
• The Ethereum protocol is much more complex and flexible than Bitcoin's. However, ether is Ethereum's native monetary asset, and it does compete with bitcoin.
• ETH will become more scarce than BTC. Ether's net issuance rate is projected to become near 0% as soon as the third quarter of 2021, but not later than the end of 2022. This will be primarily possible due to the switch to PoS and transaction fee burning from EIP-1559.
• Ethereum's network "utility" is hosting its own digital economy, and it is using ether as its primary monetary asset. This means that ether's value as money is not restricted by the supply side scarcity. It is also driven by the demand for it as collateral and a medium of exchange (DeFi and NFTs). Transaction fees are also becoming an important contributor to ETH's demand (ETH's daily fee revenue is about three times as much as BTC's).
• An argument can be made that demand side impact for money as a facilitator of economic activity is perhaps even more important than its properties related to wealth preservation. This is why the global money supply (the total amount of fiat money in the world) is worth about ten times more than gold's market capitalization (the market price of all the gold in the world).
• Ethereum's protocol persistence and permanence will cement it as the #1 monetary network. Ethereum Killers are actually Layer 2+ scaling solutions to Ethereum. They will be much more scalable than Ethereum, but permanence is more important than utility when it comes to monetary networks. Other networks will do well, but they must be valued primarily as a stock for a cloud service company as opposed to a monetary asset.
• Macro factors are lined up for a massive appeal in favor of cryptocurrencies. This will continue to drive the institutional and retail demand for Bitcoin and Ethereum. At the bare minimum Bitcoin and Ethereum should be considered as an important hedge against traditional markets and the prospect of inflation.
• Ether is not just money. It can be valued as:
  • Monetized Commodity
  • Currency
  • Bond
  • Growth Tech Stock
  • Consumable Resource

TLDR: Bitcoin and Ethereum are legitimate assets competing for capital allocation with each other as well as traditionally monetary assets (namely gold, bonds, treasury notes and fiat currencies). Their upside potential is vastly superior to any other asset that has come before them. They are risky assets, but a modest allocation can be part of a hedging strategy for any portfolio.

Submitted April 01, 2021 at 03:51PM by TheWierdGuy https://ift.tt/2QOdUcz https://ift.tt/2Z7cX2s

Daily Discussion - April 2, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

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Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

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Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

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Useful Links:

• Beginner Resources

• Intro to r/Cryptocurrency MOONs 🌔

• List of MOON proposals that have been implemented

• rCryptoCurrency Discord

• r/CryptoCurrencyMemes

• Prior Daily Discussions

• Monthly Skeptics Discussion thread

Submitted April 01, 2021 at 07:00PM by AutoModerator https://ift.tt/2PP9CkK https://ift.tt/2Z7cX2s

Coinbase going public on April 14 under ticker "COIN"

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Submitted April 01, 2021 at 03:39PM by rawtxapp https://ift.tt/2PimvEd https://ift.tt/2Z7cX2s

New indictment: Joel Greenberg used tax collector funds to buy himself cryptocurrency, Michael ...

Greenberg stole hundreds of thousands from his public office, federal authorities allege, including by using his office's funds to buy cryptocurrency for ...

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More Cubans explore cryptocurrencies | Facebook

Cubans are exploring Bitcoin and other cryptocurrencies to handle financial exchanges and services. See why.

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Cryptocurrencies Versus Forex: Which Is The Better Investment?

Trading cryptocurrency against forex. In some ways, cryptocurrencies and forex go hand in hand, so it might make sense to trade both. Most U.S. forex ...

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Sologenic Launches DEX: One Step Closer to Allow Users to Trade Tokenized Stocks 24/7 ...

... announced the launch of its DEX allowing users to trade Cryptocurrencies, and the upcoming Sologenic's Tokenized Assets such as Stocks, ETFs.

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A's sell suite at Coliseum for one bitcoin, a first for the MLB

As a cryptocurrency, the value of a bitcoin fluctuates — not unlike stock ... businesses and consumers embrace cryptocurrencies,” said Steve Ehrlich, ...

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Understanding and Coping with Volatility in the Cryptomarket

Cryptocurrencies, especially Bitcoin, fluctuated heavily in March and overall displayed more bearishness than bullishness. Bitcoin jumped in value but ...

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The main premise of the article is that cryptocurrencies are "speculation for sp... | Hacker News

How is cryptocurrency different than all the other non-real digital goods that have become valuable over the years? Games like second life and Eve did ...

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Cryptocurrency Trading Risks In Vietnam

This update provides an overview of the treatment of cryptocurrency trading under Vietnamese laws, risks investors should be aware of and legal ...

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