🪙 #Bitcoin whales addresses holding between 100-10,000 BTC added 60,094 #BTC in the past 16 days.
💰 US Government holds 205,515 Bitcoins valued $6B, which is over 1% of the Circulating supply of BTC
Bitcoin ‘#halving’ due next year spurs predictions of rally in token past $50 000The largest digital asset has climbed 67% since December 31 in a partial revival from an epic rout in 2022.
Bitcoin’s rebound is just the start of a rally that will take it past $50 000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts.
The largest digital asset has climbed 67% since December 31 in a partial revival from an epic rout in 2022. While the token at the moment is struggling in the vicinity of $30 000, halving holds the potential to trigger an advance of at least 81%, according to Bloomberg Intelligence and Matrixport.
A halving – or halvening – cuts in half the amount of tokens that Bitcoin miners receive as reward for their work. The quadrennial event is due next around April 2024 and is part of the process of capping Bitcoin supply at 21 million tokens. The coin hit records after each of the last three halvings.
The upcoming halving is currently about 50% priced in based on previous cycles, said Jamie Douglas Coutts, a Bloomberg Intelligence analyst. Coutts predicts that Bitcoin can scale $50 000 by April 2024.
“Bitcoin cycles bottom around 12-18 months prior to the halving and this cycle structure looks similar to the past ones, albeit many things have changed — while the network is vastly stronger, Bitcoin has never endured a prolonged severe economic contraction,” he said.
The Bitcoin bounce has sputtered of late, restrained by cooling expectations of Federal Reserve interest-rate cuts amid persistent inflation. A US regulatory crackdown on crypto in the wake of the FTX exchange’s collapse in November 2022 also threatens to darken the market outlook.
FTX low
“If the collapse of FTX was indeed the bottom of this cycle, then history would suggest that we still have approximately 350 days of ‘accumulation’ before witnessing the characteristic post-halving breakout price action,” said Jacob Joseph, an analyst at CCData.
Markus Thielen, research head at Matrixport, said in a recent note that Bitcoin will reach around $65 623 by April 2024 — more than double the current price.
Bitcoin remains about $41 000 down from its all-time high of almost $69 000 in November 2021 — which came 18 months after its 2020 halving. Crypto markets crashed last year as central banks jacked up rates to curb price pressures and digital-asset companies imploded.
“Bitcoin may once again reach a new all-time high in the future, however, it is unlikely to see the same growth as previous cycles due to increased market size and competition from other digital assets,” said CCData’s Joseph.
Bitcoin edged up less than 0.5% to $27 590 as of 8 a.m. in Singapore on Monday after retreating a little more than 9% last week. Smaller tokens like Ether, Cardano and Solana also made modest gains as the trading week got underway in the Asia-Pacific region.
#bitcoin #btc #solana #eth #cryptonostr
#ftx
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
Bitcoin thief photographed in bathtub of cash gets four yearsGary Harmon also agreed to forfeit crypto currencies and other property valued at more than $20m.
By Bloomberg News 28 Apr 2023 06:43
Image: Bloomberg Image: Bloomberg
An Ohio man photographed lounging in a bathtub full of dollar bills must serve four years in prison for stealing 713 Bitcoin from a computer device seized by the government in a case against his older brother.
Gary Harmon, 31, was sentenced Thursday by US District Judge Beryl Howell in Washington, DC, where he pleaded guilty in January. He also agreed to forfeit crypto currencies and other property valued at more than $20 million, the US Justice Department said.
Harmon admitted using his brother’s credentials to recreate eight Bitcoin wallets stored on a device in an Internal Revenue Service evidence locker in April 2020. He stole 713 digital valued then at about $4.9 million. That Bitcoin was among 4,877 digital tokens seized from his brother, Larry, who was charged in February 2020 with laundering $311 million in crypto transactions on Darknet sites.
After the Bitcoin vanished from the device held by the IRS, agents found a photo on Gary Harmon’s cellphone showing him grinning in a tub full of cash at a nightclub. Prosecutors say he used 68 Bitcoin as collateral for a $1.2 million loan, and spent some to buy a luxury condo in Cleveland.
Harmon attended two bail hearings for his brother and learned in court that the government lacked the complex “seed phrase” to access the Bitcoin that his brother had stored on a Trezor device, according to court filings. Someone with that phrase and an additional PIN could take control of the Bitcoin from another device.
Prosecutors and Harmon’s lawyer differed over the level of sophistication required to pull off the theft, court filings show.
Harmon’s lawyer wrote that “while the conduct was certainly illegal, it is practically no different and no more sophisticated than obtaining a key to a safe deposit box and taking the contents of that box.”
But prosecutors countered, writing: “While physical world analogies often fall short when describing cyber incidents, the defendant’s conduct is more analogous to using powerful tools to silently tunnel into a bank vault from a neighboring building and siphon out all of the funds while law enforcement was futilely trying to unlock the bank’s front door.”
Harmon’s lawyer said his client has endured “extremely harsh conditions” during his 21 months in jail. He’d asked for a term of three years.
Larry Harmon pleaded guilty in 2021 and is awaiting sentencing.
The case is US v Harmon, 21-cr-00433, US District Court, District of Columbia.
If the Fed next week the process of raising interest rates slow down ie. make a “pause”, then the local ze moon is inevitable. Reasons for the “pause” are already pecking, moreover, like a snowball. A high interest rate will sway the economy if it goes up further there will be scam risks from bigger players than those that failed before.
I think they will raise by 25 bp. rate in May and talk about the fact that by the next meeting in June they will consider a “pause”. When they must press the brakes, otherwise, having accelerated, it will be too late to slow down before the abyss.
#bitcoin #btc
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
🥇 Bitcoin about to close UP 4 months in a row.
It has NEVER made a new low after this point.
BEAR MARKET OVER ?
#bitcoin #btc
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
Don't be fooled by FOMO 😢
ㅤ
Absolutely all crypto players are familiar with this feeling. FOMO, Fear Of Missing Out, is the fear of missing something, the syndrome of missed profits.
↪️ This syndrome is exacerbated in traders when they see someone in another chat room "congratulating them on profits" on some trade that they missed. Scam channels often manipulate naive hamsters who catch FOMO - just write that "whales are buying X coin, soon it will be bought up, only Y tokens left"🤦.
❗️Not many people understand that when FOMO appears, you just need to put away your phone or laptop and forget about crypto for at least a couple of hours.
Moreover, you can't buy a coin that has already flown into space - since you couldn't buy the bottom and get on board before it takes off, you shouldn't go there either.
➡️ How do you combat the fear of missing out on a profit?
All it takes is this:
• Don't succumb to everyone's panic or joy.
• Set clear, reasonable goals: how long I will keep this asset, when I will sell it, etc.
• Stick to my own strategy whatever the outcome.
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain #fomonostr
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain #twitter
GDP (q/q) (Q1)
Actual data: 1.1%
Analyst forecast: 2.0%
Previous data: 2.6%
The impact of GDP on dollar quotes is related to inflation. In turn, the relationship between GDP and inflation is rather thin.
As a rule, GDP growth is associated primarily with an increase in spending within the country, and inflation usually increases at the same time. Up to a certain point, this spurs the economy, and dollar quotes grow, respectively, BTC reacts negatively.
However, too rapid GDP growth is dangerous, since inflationary overheating will weaken the economy in the future.
Most economists today argue that for the safe and stable functioning of the economy, GDP growth per year should be 2.5% - 3.5%.
Since we received lower than expected figures, this locally serves as a positive (growth) for BTC.
#bitcoin #btc
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
👀 Wallets associated with Mt.Gox and the US Government are reported to be transacting
Your one wish for #Bitcoin this week? 😏
Worst way to read Nietzsche is to get stuck at "God is Dead" or some meme quote. He had profound insight into the nature of genius, why modernity is SETUP for mass depression, how to deal with your strongest urges, and more. 14 insights from Nietzsche you haven't read before👇🏻
BTC price gains 6% as First Republic Bank drama delights Bitcoin bulls
Bitcoin continues to benefit from unfolding nerves over U.S. bank stability as a BTC price short squeeze becomes possible once more.
#bitcoin #btc
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
Following a brief decline in Inscription utilization, the daily Bitcoin Inscription transaction count has experienced a sharp resurgence, recording an ATH of 193K Inscriptions minted in a single day.
#bitcoin #btc
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
🥇🍎 Bitcoin white paper quietly removed by Apple from latest MacOS beta.
Following the release of macOS Ventura 13.4 beta 3 to developers on Tuesday, Apple has removed the Bitcoin white paper hidden in system files, according to 9to5mac. The community previously discovered that someone had hidden the Bitcoin white paper in every copy of MacOS since 2017.
#bitcoin #btc
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#Bitcoin is the #1 asset in the world!
While the market is boring, I prepared a reading about security.
The number of crypto scammers is increasing with every dollar of growth. Now I'm seeing the telegram channel scam trend again. The number of subscribers, the publicity of the author, technical terms have ceased to carry any value.
Old schemes have been replaced by new ones and I would like to inform you about this! So, let's begin)
The new scheme is that a group of scammers hires leading channels for their telegrams.
When I say presenters, I mean that a person does not understand anything at all, but simply memorizes the text.
He gains N-number of subscribers, after which he begins to warm up to some kind of insider that came to him from friends living in the USA, working in Google, etc. Background may vary.
After, at the numerous requests of his beloved subscribers, he shares inside information, but on the condition that no one will take this information anywhere)
She's "Very Valuable"
Publishes a number of posts / circles in which he talks about prospects, about X, about a summer house by the sea and a lot of luck)
Negative reactions and comments in the channel are completely disabled, there is only the opportunity to support the leader with a spark or throw hearts for such generosity)
Further, everything is according to the classics, we throw off the instructions for buying a miracle coin and a link to PancakeSwap(BEP20).
How to protect yourself and check any token on a scam?
• Website - here or any other HoneyPot detector
Procedure:
1) Copied the address of the miracle coin contract
2) Conducted research, checked the coin on the site, if there were doubts, ran through the scanner.
3) They remembered that the market is not going anywhere and there is absolutely nothing wrong with not buying something incomprehensible.
There are actions that are irreversible, such as buying such shields and opening futures with 20x or more leverage.
Send this post to your family and friends, all the best!
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain #bsc
https://i.imgur.com/YGOFsJq.mp4
⚡️BTC growth over the last 10 years compared to other assets
#bitcoin #btc
#nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain
#lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi
It seems that cup number 4 will fill up faster, but this is not the case, since the tube through which the coffee should flow is blocked. Cups 9 and 7 are also closed.
Correct answer is 5.
It seems that cup number 4 will fill up faster, but this is not the case, since the tube through which the coffee should flow is blocked. Cups 9 and 7 are also closed.
Correct answer is 5.