Category: Bitcoin
The analysis published under this category are as follows.
Sunday, July 18, 2021
Bitcoin Halving's Price Projection Forecasts Trend Trajectory / Currencies / Bitcoin
By: Nadeem_Walayat
The supply of bitcoin is capped at 21 million coins. Imagine what would happen to the price of Gold if no more Gold could be mined, that's the trend trajectory that Bitcoin appears to be on i.e. there will come a time when NO MORE bitcoin can be mined!
So the simplest thing to do would be to to buy bitcoin when cheap and forget about it for a decade or so and then likely see a return of X10 that which one paid for it.
Total bitcoins mined to date number 18,700,000, 210,000 blocks will be mined from May 2020 to roughly March 2024, totaling 1.3 million bitcoins, which implies a total of 20 million bitcoins by the time of the next halving of rewards for miners to 3.125 bitcoin rewards per block mined (block rewards to miners is how the block chain works).
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Wednesday, July 14, 2021
Bitcoin Stock to Flow Model Forecasts Infinity and Beyond! / Currencies / Bitcoin
By: Nadeem_Walayat
Once you venture into the realm of bitcoins future prospects then you are pretty soon going to be presented with Stock to Flow model projections. Which is basically how many years will it take for new annual supply of bitcoins to cover total available supply of bitcoins and what it suggests for future pricing given that Bitcoins future supply is reducing with each halving.
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Wednesday, July 07, 2021
BITCOIN PRICE HALVINGS TREND TRAJECTORY / Currencies / Bitcoin
By: Nadeem_Walayat
The supply of bitcoin is capped at 21 million coins. Imagine what would happen to the price of Gold if no more Gold could be mined, that's the trend trajectory that Bitcoin appears to be on i.e. there will come a time when NO MORE bitcoin can be mined!
So the simplest thing to do would be to to buy bitcoin when cheap and forget about it for a decade or so and then likely see a return of X10 that which one paid for it.
Total bitcoins mined to date number 18,700,000, 210,000 blocks will be mined from May 2020 to roughly March 2024, totaling 1.3 million bitcoins, which implies a total of 20 million bitcoins by the time of the next halving of rewards for miners to 3.125 bitcoin rewards per block mined (block rewards to miners is how the block chain works).
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Wednesday, July 07, 2021
Is Wall Street’s ESG a threat to the BTC industry? / Currencies / Bitcoin
By: S_N_Chatterjee
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Monday, July 05, 2021
Four Small Cap Bio-Tech 10X Potential Stocks for 2021 and Beyond / Companies / Bitcoin
By: Nadeem_Walayat
This analysis is part 3 of 3 from my recent extensive analysis that concludes in my latest biotech stock picks with the potential to X10 over the coming years Five More Small Cap Bio and Tech Stocks to Invest for 2021 and Beyond! that was first been made available to Patrons who support my work.
Topics Include:
- Invest and Forget
- Stock Market Early Summer Correction Review
- AI Stocks Strength vs Weakness
- RAMPANT MONEY PRINTING INFLATION BIG PICTURE!
- HIGH RISK STOCK BUYING LEVELS
- RISK RATINGS
- WESTERN DIGITAL - WDC $71 - CHIA! - Risk 1
- Life Sciences Biotech Smaller Cap High Risk Stocks Investing Binge
- Biotech stock 1 - Cheap Low Risk Pharma - Risk 1
- Biotech stock 2 - HIGH RISK GENE EDITING - Risk 9
- Biotech stock 3 - Low Risk 2
- Biotech stock 4 - X10 for Max Risk 10
- High Risk Stocks Portfolio Buying Levels
- Covid India Black Mold Epidemic
- Bitcoin and Raven Coin Buying Levels
So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.
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Wednesday, June 23, 2021
Could Bitcoin Price CRASH Target A Bottom Below $7500? / Currencies / Bitcoin
By: Chris_Vermeulen
Bitcoin has followed our Excess Phase Peak breakdown pattern almost perfectly. Each phase of any Excess Phase Peak is important to understand as it relates to other asset classes. For example, as an asset, like Bitcoin, begins a Excess Phase breakdown in trend, other assets will likely follow along. The psychological impact of a major decline can often result in traders also expecting breakdown events in various other asset classes.
Before we begin to go into deeper detail regarding this Excess Phase Peak setup in Bitcoin, I suggest taking a minute or two to review our earlier research posts related to this pattern: How To Spot The End Of An Excess Phase – Part I November 25, 2020; How To Spot The End Of An Excess Phase – Part II November 27, 2020; and, Bitcoin Completes Phase #3 Of Excess Phase Top Pattern – What Next May 20, 2021. As this breakdown continues to unfold, we want to warn you that other asset classes (as mentioned above) may follow this trend as trader/investor psychology often impacts future expectations/trends across the globe.
If traders suddenly develop an expectation that the recent price rally in the global markets is at risk of failing, or that the downtrend in Bitcoin may have broader implications across other assets, we may see a bigger rotation in the global markets throughout the rest or 2021 (and beyond).
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Wednesday, June 23, 2021
Bitcoin and cryptos: Your 'long-term investment'? / Currencies / Bitcoin
By: EWI
Hi reader,
Bitcoin fell some 12% to start the week, and you may be wondering:
"Is this FINALLY my moment to buy?"
You're not alone. In early June, over 12,000 crypto fans visited Miami to take part in "Bitcoin 2021," the largest Bitcoin event in the world. Although it took place with Bitcoin trading near $30K, half of where it was in April, the enthusiasm for the King of Cryptos was palpable.
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Monday, June 14, 2021
The Bitcoin Crime Wave Hits / Currencies / Bitcoin
By: EWI
The conviction gripping bitcoin's ascendancy is so deep that children are now being indoctrinated into the bullish fold. We talked about this phenomenon with respect to the stock market last month. This Bloomberg column from May 16 signals its arrival in the cryptocurrency world: "Why I Pay My Seventh Grader in Bitcoin." The columnist claims he wants his "kids to be able to think independently about money" and "feel the full spectrum of feelings that money induces." Sure, why not feel the burn of the real world? Besides, the big kids are doing it, too. According to MarketWatch, "As Bitcoin and Dogecoin Plummet, College Students" are "Going Long on Crypto." According to a survey by College Finance, "more than 60% of college students and recent graduates see crypto as a long-term investment."
In April, EWFF showed two magazine covers' positive portrayal of bitcoin and other cryptocurrencies. We labeled it bearish for bitcoin's immediate prospects. Last month, we added that bitcoin's "Great Arrival" into the "mainstream" of finance confirmed this forecast. One of the signals of cryptocurrencies' acceptance into the financial establishment was Coinbase Global Inc.'s emergence as a publicly traded company. On May 19, with bitcoin down more than 53% from its high, Bloomberg observed the following about the premier cryptocurrency trading platform:
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Friday, June 04, 2021
Bitcoin and Ravencoin Cryptos CRASH Bear Market Buying Levels Price Targets / Currencies / Bitcoin
By: Nadeem_Walayat
Whilst my in-depth analysis is pending completion, however I have been flagging for several months that the crypto's are in a bubble that will burst / crash / plunge enter into a bear market for which we received a taste of what to expect a few days ago. So my message and strategy has been NOT to hold any meaningful amount of crypto i.e. the only crypto I have is what I have mined with a couple of existing desktop PC's and even then most of the funds generated (80%) have been SPENT because I know that the price of most of not all crypto's is going to head a lot lower.
So in response to patron requests and in advance of my more in-depth analysis on the crypto space that is about 50% complete, then here are the approx range of buying levels that I have had penciled in for Bitcoin for sometime of where I would be tempted to look at actually buying Bitcoin with fiat, though attempts to fund my Coinbase account with fiat has so far failed but I will leave that for my next analysis.
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Saturday, May 29, 2021
Bitcoin and Ravencoin Cryptos CRASH Bear Market Price Targets / Currencies / Bitcoin
By: Nadeem_Walayat
Whilst my in-depth analysis is pending completion, however I have been flagging for several months that the crypto's are in a bubble that will burst / crash / plunge enter into a bear market for which we received a taste of what to expect a few days ago. So my message and strategy has been NOT to hold any meaningful amount of crypto i.e. the only crypto I have is what I have mined with a couple of existing desktop PC's and even then most of the funds generated (80%) have been SPENT because I know that the price of most of not all crypto's is going to head a lot lower.
So in response to patron requests and in advance of my more in-depth analysis on the crypto space that is about 50% complete, then here are the approx range of buying levels that I have had penciled in for Bitcoin for sometime of where I would be tempted to look at actually buying Bitcoin with fiat, though attempts to fund my Coinbase account with fiat has so far failed but I will leave that for my next analysis.
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Saturday, May 29, 2021
Bitcoin: Here's the "$64,000 Question" / Currencies / Bitcoin
By: EWI
Will the cryptocurrency ever trade at its all-time again?
In the 1950s television game show, "The $64,000 Question," contestants answered general knowledge questions and the money they could earn doubled as questions became more difficult.
The show's title spawned the well-known phrase -- "that's the $64,000 question" -- which, as you probably know, means the crucial question which gets to the heart of a matter.
Well, "the $64,000 question" for bitcoin is: Will the cryptocurrency ever trade at its all-time of $64,899 again (which was reached on April 14 of this year)?
This is a top-of-mind question for many bitcoin investors who've seen the cryptocurrency bounce back from every "correction" since the start of its meteoric rise.
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Thursday, May 27, 2021
Bitcoin: More Volatility Directly Ahead? / Currencies / Bitcoin
By: EWI
Here's how Elliott wave analysis helps you prepare for cryptocurrency volatility
If there's a single word to describe bitcoin's price action, that word is "volatile."
Yet, those who invested roughly a year ago in the cryptocurrency -- and stuck with it -- have been hugely rewarded. (At least until very recently, as bitcoin traded more than 50% lower from its all-time high on May 19, as the price careened nearly 30% at one point on that day alone.)
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Monday, April 12, 2021
What Is Bitcoin Gold? / Currencies / Bitcoin
By: Umer_Mahmood
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Saturday, April 10, 2021
The History of Bitcoin Hard Forks / Currencies / Bitcoin
By: Umer_Mahmood
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Friday, April 09, 2021
What Is Bitcoin Unlimited? / Currencies / Bitcoin
By: Umer_Mahmood
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Tuesday, March 30, 2021
An Ultimate Guide for Cryptocurrency Trading in Australia / Currencies / Bitcoin
By: Submissions
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Wednesday, March 24, 2021
The Best Backdoor Bitcoin Play of 2021 / Currencies / Bitcoin
By: Submissions
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Tuesday, March 23, 2021
Is This The Best Way To Play The Bitcoin Boom? / Companies / Bitcoin
By: Submissions
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Wednesday, March 17, 2021
Bitcoin: Speculative Investment or Value Asset? / Currencies / Bitcoin
By: Boris_Dzhingarov
Bitcoin joined the trillion-dollar market club on February 19, 2021, as the price of the cryptocurrency crossed the $56,000 mark. The world’s most popular cryptocurrency soared 1,000% over the past year, after struggling to break out of the $15,000 level throughout 2019, and the better part of 2020.
The rising prices of bitcoins have launched several discussions regarding the efficacy and sustainability of cryptocurrencies and Bitcoins in particular, as the deregulated currency is associated with a copious number of risks. There are a number of bitcoin margin trading exchanges as well that are providing leverage to users given the rising popularity of digital currencies.
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Tuesday, March 02, 2021
Bitcoin: Let's Put 2 Heart-Pounding Price Drops into Perspective / Currencies / Bitcoin
By: EWI
Here's what our "preferred" Elliott wave count said on Feb. 5, 2021
When financial historians discuss past manias, many of them point to the South Sea Company of the early 1700s as a classic example.
The enthusiasm to buy a piece of the action was so great that even Sir Isaac Newton became in investor.
He, along with many others, eventually lost big time when the South Sea Company Bubble burst.
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