Since the start of the year, Ethereum investors earned nearly ten times more than Bitcoin hodlers. The second-largest digital asset has gained over 55% in 2020, while Bitcoin is only 6% higher from the first of January 2020. ETH/USD has grown by 4% since the start of the day and become the best-performing crypto asset out of top-10.

At the time of writing, ETH/USD is changing hands at $196.00. It is moving within a short-term bullish trend amid high volatility.

According to the Wale Alert Twitter bot, large cryptocurrency investors known as whales moved over 1.2 million ETH coins in eight transactions worth $241,774,447 in the recent 20 hours. The fee for each transaction did not exceed $1, and all of them were made from unknown wallets to other unknown wallets.

Such whale activity may be a precursor of large market movements.

ETH/USD settled above daily SMA100 (currently at $186.00) and continued gaining ground. Now that psychological $190.00 turned from a resistance to support level, ETH has a chance to retest $200.00 in the nearest sessions. If this critical barrier is broken, the buying pressure will increase with the next upside target as high as SMA200 at $248.00 and $250.00.

On the downside, a sustainable below daily SMA100 will negate the immediate bullish scenario and bring $180.00 back into focus. The critical support is created by the upside trend line from March 13 low (now at $175.00). The long-term recovery remains valid as long as the price stays above this trendline.

Original post:
Ethereum Price Analysis: ETH is ten times more profitable than Bitcoin in 2020 - FXStreet

The United States Federal Reserve fake economy has burst, former presidential candidate Ron Paul has announced as money printing takes its balance sheet to $6.6 trillion.

In a series of tweets on April 24, Paul became the latest critic to launch a scathing on U.S. economic policy present and past.

According to the pro-Bitcoin retired politician, neither coronavirus nor a brief uptick in stocks can hide the impact of the Feds actions. For him, Keynesian ideas such as market interventions and money printing are un-American.

The Fed's fake economy has burst. The stock market, even if it rises, cannot hide the damage that has been done. The virus, now known to be less deadly than the seasonal flu, cannot act as a legitimate excuse either, he wrote.

Another tweet read:

The un-American ideas of government micromanagement and Fed central planning of the economy have failed, and will continue to fail as long as they're clung to. The time to rebuild with the American ideas of liberty and sound money has arrived.

Pauls comments come as the Feds balance sheet reaches record highs of $6.6 trillion, purely due to money printing and associated economic bailout measures.

Federal Reserve balance sheet 14-year chart. Source: Holger Zschaepitz/ Twitter

As Cointelegraph reported, Raoul Pal, CEO of Global Macro Investor, this week released a dedicated 120-page report into the severity of the economic damage sparked by governments reaction to coronavirus.

The Baby Boomers are totally f*cked, a popular soundbite from the report, which champions Bitcoin, summarizes.

Meanwhile, the trader who called Bitcoin (BTC) topping at around $20,000 in 2017 has drawn comparisons to the stock markets of 2020 and 1930 just before the Great Depression hit with full force.

Comparing two Dow Jones charts, Peter Brandt argued that stocks current rise from last months crash merely echoes their behavior after the 1929 Wall Street Crash.

Sleep well tonight. We are all so lucky to be living in an age when Fed will bail us out, he sarcastically added in comments.

Dow Jones charts from 2020 and 1929-30. Source: Peter Brandt/ Twitter

The idea that money printing is ruinous in the long term has formed part of similar Fed criticism for almost a century.

The world is full of so-called economists who in turn are full of schemes for getting something for nothing, Henry Hazlitt wrote in his popular book, Economics in One Lesson, just a year after the Second World War.

They tell us that the government can spend and spend without taxing at all; that it can continue to pile up debt without ever paying it off, because we owe it to ourselves.

More here:
Bitcoin to the Rescue as Ron Paul Says US Fed Fake Economy Has Burst - Cointelegraph

No doubt bitcoin has gone through a rough couple of months this year, but then again, so has every asset.

It seems like everywhere you look whether its Asia, America, Europe, etc. people are dealing with the circumstances surrounding COVID-19. The virus has done harsh damage to the global economy, resulting in several assets and markets falling by thousands of dollars since early March.

However, some analysts believe this wont be bad for bitcoin in the long run. That the situation is likely to present a positive outcome for the worlds number one cryptocurrency by market cap.

Brandon Mintz CEO of the bitcoin ATM provider Bitcoin Depot explained that right now, despite some recent surges, bitcoin is still stagnant compared to where it was in mid-February. The analysis makes sense, in a way. Yes, bitcoin has spiked beyond $7,500 at press time, but it was trading for well over $10,000 two months ago, so if BTC is going to make any serious impression, its still got room to improve itself.

However, Mintz is confident that bitcoin will do so, explaining:

While the price per coin may stagnate during a period of aggressive economic deflation, the inherent buying power of the currency will actually rise, possibly quite significantly.

Monday was harsh for many assets considering the oil market found itself tanking hard. Its unclear how a simple expiring futures contract in oil could do so much damage, but following the drop, stocks also saw themselves taking a tumble, while bitcoin and other major cryptocurrencies also fell.

Holger Zschaepitz a macro analyst tweeted:

The oil price rout will send a deflationary wave through the global economy.

These words, however, may have been uttered too early. After all, at the time bitcoin was trading for about $6,700, but it has since spiked significantly to reach a whopping $7,500 in just a few days. Stocks have also recovered, and oil itself, while not where it was before Mondays slip, has risen by more than 40 percent, and is now trading for more than $17 per barrel.

Still, some believe cash is likely to reign supreme for the next few months given the uncertainty of the entire economy. Erick Pinos ecosystem leader for the Americas at Ontology explained in an interview:

Unlike inflation, when people try to get out of the dollar because its losing value, during deflation people are more comfortable with the dollar because its value is going up.

Marcus Swanepoel chief executive of Luno still has high hopes for bitcoin, explaining:

Over the last five years, bitcoin has consistently outperformed most other major asset classes, so it is highly likely this trend will continue, especially with the increased fragility of the existing financial system weve seen over the past few months.

Read the original:
The Coronavirus May Have Actually Helped Bitcoin - Live Bitcoin News

Updated: May 25, 2018:

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Take the Money and Run - Bitcoin Transfers (even within the same state) Provide Basis for Federal Jurisdiction in Money Laundering Conviction - JD...

One particular pricing model, which has gained popularity over the years after accurately predicting the price of Bitcoin, estimates that the flagship cryptocurrency is going to go ballistic after the upcoming halving.

In early 2019, a prominent figure within the cryptocurrency community known as Plan B published an article entitled Modelling Bitcoins Value with Scarcity. There, the analyst explained that Bitcoins scarcity the ratio between its above-ground supply and yearly inflation rate is highly correlated with the value of the network.

Under this premise, Plan B came up with a mathematical model dubbed stock-to-flow to estimate the future price of BTC based on its rate of issuance.

At the moment, roughly 657,000 new BTC are mined per year. But, this rate is set to drop to 328,500 new BTC per annum after the upcoming block rewards reduction event.

The significant cut in the number of Bitcoin that can be minted is expected to have serious implications in its price.

Indeed, Plan B maintains that after every halving, Bitcoins stock-to-flow doubles and the projected market value increases by 10x.

The renowned analyst said:

The [stock-to-flow] model predicts a Bitcoin market value of $1 trillion after the next halving in May 2020, which translates into a Bitcoin price of $55,000.

Along the same lines, CryptoWatch recently stated in a blog post that given the current economic climate of bailouts and infinite quantitative easing Plan Bs trillion-dollar asset valuation may happen even sooner.

The premium trading terminal provider argued that based on the stock-to-flow model Bitcoin could revisit its all-time high levels by the end of this year.

CryptoWatch explained:

[Considering the] 5% lost coins, Bitcoin should reclaim a $10,000 valuation by mid-July 2020, with price then ascending back to all-time-highs of $20,000 by November of this year.

These bullish views align with the forecast that Erik Voorhees, CEO of ShapeShift, has about the pioneer cryptocurrency. The early tech evangelist suggested during the first-ever BlockDown remote crypto conference that the upcoming halving will be the catalyst that pushes Bitcoin to new all-time highs.

Despite the optimism, investors remain extremely fearful about what the future holds. The havoc that coronavirus has caused in the global financial markets is certainly a reason to be concerned as the unemployment rate skyrockets and oil prices plummet.

Nonetheless, Tone Vays, a former Wall Street trader and VP at JP Morgan Chase, has repeatedly stated that economic crises have demonstrated to be beneficial for Bitcoin. According to the technical analyst, the current economic environment is what has made the flagship cryptocurrency so resilient in the past.

Now, it is just a matter of time to determine whether or not Bitcoin will be able to emerge as a safe haven asset and reach the upside potential given by the stock-to-flow model.

Bitcoin, currently ranked #1 by market cap, is up 1.8% over the past 24 hours. BTC has a market cap of $142.07B with a 24 hour volume of $37.25B.

Chart by CryptoCompare

Bitcoin is up 1.8% over the past 24 hours.

Cover Photo by Ross Parmly on Unsplash

See the article here:
A popular pricing model estimates that Bitcoin will reach new all-time highs this year - CryptoSlate

Are you able to noticeBitcoin SVs signals? If not, you have a problem. You might get left behind.

Whether you consider yourself an investor, user, developer, customer, speculator, business owner, influencer, or generally digital asset affine personBitcoin SV is whispering and screaming at you at the same time.

Bitcoin SVs signals to businesses

Bitcoin SV has set its protocol in stone, which means there is no need for businesses to worry about future protocol changes that might affect already built applications and implementations concerning Bitcoin SV. Businesses are safe to spend resources building on or using BSV.

All other digital assets not only plan to change their protocol but already alter it at this very moment, leaving businesses in danger to waste spent resources.

This is what developers do not understand inBTC,ETH, and other digital assets: businesses need stability.

Digital asset developers need instability though

There is a crucial discrepancy between the interest of businesses and the interests of developers concerning digital assets. While companies seek stability in digital assets, developers need instability to remain relevant for fixing the instability. Developers have no interest in building a set in stone protocol, as a once established protocol makes developers almost obsolete.

Bitcoin SV has managed to take away power from developers with its set in stone protocol. Therefore, the signal Bitcoin SV is sending out to businesses is: build here, we serve stability.

There is much more to know for businesses about Bitcoin SV, though. For example, BSV offers limitless scalability with unbelievably low transactional costs. Bitcoin SV is also not only a digital asset, but a computing network in general.

Ryan X. Charles, founder and CEO of Money Button, has pointed out Bitcoin SVs ability to become a computational beast:

Bitcoin is going to be by far the largest computer ever () And what you can do with the biggest computer in the world is: you can actually compute bigger numbers.

Listen, businesses. If you do not get this signalBitcoin SV being the largest computer everwe cannot help you. Nobody can.

What Bitcoin SV signals to investors and speculators

Speculating and investing in the digital currency sphere has since at least three years ago been nothing but gambling. People read one single tweet about this or that nonsense-coin and bought in to sell minutes later to an even greater fool.

Why has investing and speculating in digital currencies never been a real thing, though?

It is due to the lack of utility in all digital assets except for Bitcoin SV. Speculating and investing makes sense, as long as you speculate on or invest in assets that have a use case for something. If there is no use case in an asset, is it even an asset? Come on.

How is speculating on the Bitcoin SV satoshis different? Those BSV satoshis are connected to the Bitcoin SV network, which processes transactions. Unlike other digital currencies, which have no serious transactional volume, Bitcoin SV is set up to process billions of transactions per year.

Why do Bitcoin SVs satoshis have a value, unlike all other digital currencies?

This is what the BSV satoshis are going to be needed for: transactions in the Bitcoin SV network by using apps and services, not trading on shady exchange servers.

Investing in Bitcoin SV is not limited to buying satoshis though. It is interesting to pay attention to the BSV ecosystem as a whole. For example, publicly traded TAAL Distributed Information Technologies Inc. has recently filed a patent concerning a blockchain computing device.

Bitcoin SVs network will not only be about processing payment transactions but also serve as a blockchain computer (such as described by Ryan X. Charles in the quote above). This is where TAAL seems to identify never seen before market opportunities.

This is what Bitcoin SV signals to investors and speculators: invest and speculate, but it is not about gambling.

What Bitcoin SV signals into the social media sphere

Nonsense-coins such as BTC, ETH, and the like desperately needsocial media, because they have to lure in new buyers to stabilize or pump the price. Bitcoin SV has no interest in being pumped or stabilized concerning fiat money, as it offers unique use cases, low-cost transactions, and stability. Anyone is free to make use of BSV in whatever way, but Bitcoin SV does not depend on social media influencers and bot-like social media users.

There have been vicious attacks on Bitcoin SV in social media, even in cooperation with crypto news sites and shady exchanges. We saw fake news, personal attacks, and delistings happening with an unprecedented intensity towards Bitcoin SV and its proponents. Thecrypto cartelspends millions to hinder Bitcoin SVs growth.

Does it work, though? Was the crypto cartel able to hold Bitcoin SV down? Good one. While crypto Twitter was tweeting, Bitcoin SV was building.

You may tweet all day long, that does not make you a user of Bitcoin. A user of Bitcoin is someone or something that generates a transaction on the Bitcoin network. Babbling on Twitter does not generate a Bitcoin transaction. You are helping Twitter, not Bitcoin.

Bitcoin SV signals to social media: we do not need you, but you can join the network.

Receive the signals, act accordingly

If you can hear Bitcoin SVs signals, you are already in the network. Prolific Bitcoin thinkerDaniel Krawiszhas stated:

Everything is falling into the Bitcoin SV black hole

for a reason. Utility, growththose are the keywords you need to figure out.

New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

Read the original here:
What Bitcoin SV signals to businesses, investors and social media - CoinGeek