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➡️ Follow @Bitcoins to get latest news, Fundamentals and TA about bitcoin and the crypto market.
Bitcoin has a very clear 4 year halving cycles which it followed all previous years.
Top of each cycle comes to November-December. Bottom forms 1-1.3 years after that top.
Bottom consolidation period usually correlates with 0.5-0.75 period of bearish cycles which corresponds with December'22-June'23.
@Bitcoins
You are wrong if you think Bitcoin miners are in losses.
People often assume a certain period of time into infinity. Things are different, the design of the network for the long run is different than the design for the bootstrapping phase.
https://www.cryptopolitan.com/are-bitcoin-miners-in-loss
@Bitcoins
🎉 14 years ago, on January 3, 2009, Satoshi Nakamoto launched Bitcoin network, having mined a genesis block with 50 BTC.
The hash of zero block contains the headline of The Times tabloid - “Chancellor on brink of second bailout for banks”.
UK Offers Cryptocurrency Tax Break for Foreigners Using Local Brokers to Encourage Foreign Investment.
The tax exemption, announced in December, is part of Prime Minister Rishi Sunak's plans to transform the United Kingdom into a crypto hub.
To build upon the U.K.’s position as an investment management hub, this exemption has been extended to include crypto assets, so that funds which include them aren’t put off from appointing U.K. managers.
https://www.economywatch.com/news/uk-offers-cryptocurrency-tax-break-for-foreigners-using-local-brokers-to-encourage-foreign-investment
📍 Follow @Coins for the hottest news in crypto.
📊 2022 was one of the hardest year for BTC in which each quater returns being negative.
Are you bullish on 2023?
@Bitcoins
Central banks are preparing to buy & store Bitcoin??
Official guidance being set by the Bank of International Settlements (Bank for central banks).
https://www.bis.org/bcbs/publ/d545.pdf
@Bitcoins
30-day Bitcoin historical volatility is at the lowest point of the year.
@bitcoins
🔎 Global interest for the most populat cryptos continued to decline over the past year.
📊 Bitcoin has dropped from 100 (the peak of popularity in December 2017) to 17 points this month.
👆However, don't forget the golden rule: the more people are disappointed in cryptocurrencies, the more chances there are for an uptrend.
@bitcoins
Yes, Bitcoin cannot do the same... Probably, it's the only thing $BTC cannot do.
@bitcoins
📉 Bitcoin volatility index fell to its all-time low at 11.46 today.
@bitcoins
📉 According to the Hashrate Index, since May 2022, the prices of the most efficient ASIC miners (Antminer S19 and Whatsminer M30s) have fallen by 87%.
The drop in prices is largely due to the collapse of a number of major mining companies, many of which have filed for Chapter 11 bankruptcy or sold their assets and equipment to stay afloat.
https://data.hashrateindex.com/asic-index-data
@bitcoins
🎄Below is the price for 1 Bitcoin on Christmas of each year since BTC was created:
2008: $0 (During this period, no one knew about BTC. Only the bitcoin.org domain was registered and the blockchain was being developed.)
2009: $0.0007
2010: $0.25
2011: $4
2012: $13
2013: $651
2014: $330
2015: $453
2016: $899
2017: $13,611
2018: $4,124
2019: $7,318
2020: $23,475
2021: $50,825
2022: $16,832
@bitcoins
THE BANK OF JAPAN HAS ANNOUNCED A FOURTH DAY OF UNSCHEDULED BOND BUYING OPERATIONS
The money printer is not going brr.
It is going berserk.
@Bitcoins
🇺🇸 In the US, someone (they say US senator) registered a trademark called "Bitcoin Bank America".
https://tsdr.uspto.gov/#caseNumber=97200867&caseType=SERIAL_NO&searchType=statusSearch
@Bitcoins
BTC💰 : Will BTC follow the same path?
🔥 - Yes
👀 - No
🥳@Coach
At present, Grayscale holds about 632,000 BTCs worth about US$10.5 billion, accounting for about 3.28% of the BTC market value.
@Bitcoins
📉 In 2022, the share prices of 5 BTC mining companies: Core Scientific, Riot Blockchain, Bitfarms, Iris Energy and CleanSpark collapsed by 99%, 85%, 91%, 92% and 79%.
@Bitcoins
The entire bitcoin blockchain can be written into this terabyte card.
The worldwide decentralized financial network that fits on a fingertip...
@bitcoins
The range of bitcoin prices is closely linked to the decline in whale interest.
@bitcoins
MicroStrategy increases bitcoin holdings by 2,500 and now holds 132,500 BTC. They now hold 132,500 bitcoins at an average price of ~ $30,397 BTC.
@bitcoins
Satoshi Nakamoto opened a bank account for 8 billion people...
@bitcoins
Did you know that India 🇮🇳 ranks third in terms of Bitcoin adoption?
@bitcoins
This is how Bitcoin OTC looked like in 2010 – for example, OGs sold 5000 BTC at €0.136 🤯
@bitcoins
The hashrate of the Bitcoin network at the moment fell by more than 38.8%, from 230 EH/s to 155 EH/s. It happened due to a snowstorm in the US, which cut off power lines and stopped the work of the miners.
Riot Blockchain, Core Scientific, Compass Mining and other major mining companies have stopped their miners.
@bitcoins