​​$BTC

Daily closed right at mid-line today in this range between the top/bottom wick

Currently watching for chop the next 24 hours- and would like to see Bitcoin make it's way back up - reclaim over $9800 would be bullish IMO

But I personally think BTC goes to $9600+ then drops

@Bitcoin_Magazine

​​Stock to flow model is simple

#Bitcoin is the invention of digital scarcity based on a P2P network, ECC and hash-based PoW

S2F is a measure of scarcity known from gold

S2F model is the hypothesis that this digital scarcity has value, like gold. Data will proof it true or false

@Bitcoin_Magazine

​​I'm so old I remember when companies were forced to clean out their bloated balance sheets during recessions.
But oh no, the genius bailout everybody crew that is our Fed has encouraged the greatest corporate debt cycle ever.

@Bitcoin_Magazine

The last 2 years have witnessed an uptick in #crypto-centric ransomware attacks. Not only are bad actors becoming more refined but they’re facilitating access to less sophisticated ones. According to experts crypto crime of this nature has been especially prevalent amid #COVID19.

@Bitcoin_Magazine

​​People keep asking about the 80,000 BTC stolen from MtGox, so here's a new write-up.

@Bitcoin_Magazine

​​Bitcoin & stock correlation in 2020.

We have (sadly) "re-coupled" as of 10 June. Correlations at all time highs.

Notice the trend?

High levels of fear and uncertainty (eg. VIX) = high levels of correlation.

@Bitcoin_Magazine

​​Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance, and by extension the development of a Central Bank Digital Currency (CBDC).

https://t.me/CryptoWorldNews

​​BTC 3mth Realized Volatility about to drop below the 3mths Implied Volatility for the first time in several months as the week of Black Thursday disappears from the rearview mirror.

@Bitcoin_Magazine

#bitcoin had so many children who knew?

@Bitcoin_NewsTG

​​Unbelievable.

Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).

Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That's almost 400,000 BTC under management for $GBTC

@Bitcoin_Magazine

​​#Ethereum fees continue to exceed #Bitcoin fees for the third week in a row.

So far, Ethereum fees have been higher than Bitcoin's on more consecutive days only once – in May 2018.

@Bitcoin_Magazine

​​BTC Monthly:

Will likely be the 10th Doji candle with an open to close range of less than 3.5%.

Half have lead to bull runs.

2 = substantial gains and then corrections.

2 = bear markets. Both occurred shortly after ATH.

Note: All Neg Doji's lead to + returns.

This time?

@Bitcoin_Magazine

​​Bitcoin adoption in Africa is setting all-time highs every week now.

In just 3 months, P2P volumes are up:

125% in Nigeria
199% in Kenya
194% in South Africa
257% in Ghana

Combined, these four currencies are now exchanging over $15M USD/week of Bitcoin.

@Bitcoin_Magazine

​​June 2020 represents #Ethereum's second largest month in terms of transaction counts – only outstripped by January 2018, when the price of $ETH hit ATH.

@Bitcoin_Magazine

​​1.8M $BTC are held in miner wallets – around 10% of the #bitcoin supply.

However, around 1.73M belong to very early miners (7+ years) and are most likely lost.

That leaves only 70k BTC in the hands of current mining pools.

@Bitcoin_Magazine

​​While most of the metrics are down month over month, stablecoins on-chain volume continues to reach new highs. The adjusted transaction volume for stablecoins hit a new all-time high of $54.9 billion in June, which is a 14% increase over the previous month's $48.2 Billion.

@Bitcoin_Magazine

Average Home in 1940 was $3,920.00
Average Home in 2018 was $218,000

This is Fiat Inflation - Loss of Purchase Power

Average Home in 2014 was 438.79 BTC
Average Home in 2019 was 43.83 BTC

This is #Bitcoin Deflation - Increase of Purchase Power

@Bitcoin_Magazine

#Bitcoin  is entering Wave 3 on CME daily chart & there is no signs of stopping.

​​Super bullish.

Bitcoin's Energy Value just hit an all time high.

#Bitcoin's intrinsic value has never been higher.

How can you be bearish?

@Bitcoin_Magazine