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Showing posts with the label market

15th anniversary of Bitcoin white paper: From concept to multi-billion-dollar market

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Explore the transformative 15-year journey of Bitcoin, from its humble beginnings in a nine-page whitepaper to its current state as a billion-dollar asset class, as we delve into key milestones, technological advancements, and what the future holds. Although Bitcoin’s official birthday is often celebrated on Jan. 3, when the token was first launched, it was actually 15 years ago today that Bitcoin’s journey started from a nine-page white paper . By all means, 2008 was not a year to remember for most individuals. A historic recession, crippling natural disasters, war, and so much more. As some would argue, the only positive to come from the year of the “great depression” was Bitcoin. Of course, nobody had realized its revolutionary potential just yet. Satoshi Nakamoto’s Bitcoin white paper laid the foundation for a financial transformation that significantly changed the face of digital finances today. From trading at less than a dollar to reaching nearly $70,000 in value,...

Thai cryptocurrency investors use tarot cards and heavenly signs to forecast market

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When delving into the realm of content creation, three key elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge for text complexity, while burstiness explores the diversity of sentence structures. Predictability, on the other hand, delves into the likelihood of accurately guessing the following sentence. Humans, in their writing, often infuse a blend of sentence lengths, featuring both elaborate and succinct expressions. In contrast, AI-generated sentences tend to exhibit uniformity. Hence, when tasked with crafting the forthcoming content, it is imperative to infuse it with a substantial dose of perplexity and burstiness while minimizing predictability. Additionally, the medium of communication must remain exclusively in English. Now, let’s transform the provided text: In a curious twist of fortune-telling, a Thai seer once claimed to have foreseen the cryptocurrency market’s resurgenc...

Bitcoin is already in its 'next bull market cycle' — Pantera Capital

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This cycle's Bitcoin and altcoin lows are behind us, Pantera CEO Dan Morehead says as he looks to a "year of rebuilding trust." BItcoin (BTC) is beginning its “seventh bull cycle ” and investors should not be scared of crypto post-FTX, Pantera Capital believes. In its latest “Blockchain Letter” on Feb. 8, the asset management firm’s CEO, Dan Morehead, predicted that 2023 would be a “year for rebuilding trust.” Morehead: Cryptoassets have "seen the lows" this cycle With BTC price action retracing slightly after gaining 40% in January, some market participants still insist that new macro lows are due across crypto assets. While the timing for such a scenario varies, consensus remains absent when it comes to how the market will rebound. For Morehead, however, the time to flip bullish on crypto is already here. “Pantera has been through ten years of Bitcoin cycle s and I’ve traded through 35 years of similar cycle s,” he noted. “I believe that blockchain assets hav...

Bitcoin still lacks this on-chain signal for BTC bull market — David Puell

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Bitcoin network activity is "underwhelming," the famous analyst says, as further data reaffirms a textbook BTC price bottom in progress. Bitcoin (BTC) only needs one more key on -chain signal for a classic bull market to begin, analyst David Puell says.  In a tweet on Dec. 17, the Puell Multiple creator argued that the stage is almost set for the end of the BTC price bear market. Puell: Bitcoin network activity "underwhelming" Despite many calling for new BTC/USD lows of $12,000 or less this cycle, not everyone is wholly bearish on the outlook for Bitcoin. For Puell, two essential on -chain phenomena necessary for BTC price recovery are already in evidence. Long-term holders (LTHs) are resisting the urge to sell despite Bitcoin being down over 70% from its last all-time high. At the same time, short-term “speculators” are feeling acute pain from recent price action. As Cointelegraph reported, these “tourists” are likely already mostly gone from the market. All ...