​​It's time

@Bitcoin_Magazine

Active #bitcoin  addresses rises to 955k on May 1!

Only twice since 2009 has daily active addresses been higher than it is today:
1. June 28, 2019
2. During the bull run of Dec 2017-Jan 2018

@Bitcoin_Magazine

In addition to printing trillions of USD the US govt is now raising USD 3 trillion by selling government bonds.

1. The bonds are worthless.
2. This new debt only covers Q2.
3. More debt required in Q3/4.

Bankruptcy and hyperinflation are inevitable. Switch to crypto & gold.

@Bitcoin_Magazine

On Friday, a transaction worth over $1.1 bln was recorded at the #Bitcoin  Block Chain for 161,500 BTCs. The processing fee was only $0.70. This transaction turned out to be the largest in dollar terms for the entirety of the cryptographic currency’s existence.

@Bitcoin_Magazine

​​Bitcoin as emerging market play.

Easy to forget power of use case in developing world.

Places without developed banking/financial architecture can opt in to btc use quickly.

Great Savings apparatus for people without access to banks.

Africa to adopt before US and Europe?

@Bitcoin_Magazine

​​#Bitcoin  Bitcoin is best performing asset class in 2020, beating Treasuries and Gold, both up an impressive +21%, +13%

@Bitcoin_Magazine

​​#Bitcoin 's hashrate has increased over 8100% since the 2016 halving. We were at ~1.56 Exahash at the 2016 halving. Today we are at ~127 Exahash. Miners are very bullish on $BTC.

@Bitcoin_Magazine

05 - May CME $BTC Commitments of Traders Report (COT)

Open Interest: 7,784 (up 27.4%)

Retail net positions hits all-time-high

https://www.tradingview.com/x/Iw2g0tKS/

​​Bitcoin mining began Jan 8, 2009.
Halving eras are 210,000 blocks (~4 years)
So why is the 3rd halving not happening in Jan 2021?
It's because the hashrate continues relentlessly accelerating; difficulty adjustments help slow down blocks, but they can only do so much.

@Bitcoin_Magazine

Post #BitcoinHalving : Inefficient miners appear to be leaving the network as hash rate has dropped 30%. It will likely recover after a period of churn where efficient miners replace less efficient operations.

@Bitcoin_Magazine

Update: The #bitcoin   the hashrate has dropped almost 57% from all time high on Tuesday, to 83,259,729 TH. Miner revenues per TH dropped to ~$0.06/TH/Day after the halving, but has risen to ~$0.104/TH/Day this morning. #btchalving #BTCHalving2020

@Bitcoin_Magazine

​​Bitcoin’s correlation to S&P 500 (measured by hourly data) has declined significantly in recent weeks and is now at 0.15, which is basically negligible. About a month ago, on April 16, the correlation was reach as high as 0.53, which was an all-time high and moderately positive.

@Bitcoin_Magazine

​​#bitcoin S2FX clusters:

1 - S2F 1.3 -> Market Value $1M -> BTC $0.23
2 - S2F 3.3 -> $58M -> $6
3 - S2F 10.2 -> $5B -> $410
4 - S2F 25.1 -> $114B -> $6700
5 - S2F 56.0 -> $5.5T -> $288K

Beauty is that change in S2F is proportional to change in BTC Market Value (dMV=dS2F^4.1)🔥

@Bitcoin_magazine

Post Bitcoin-halving, all 3 major exchange pools (OKEx Pool, Huobi Pool, and #Binance Pool) have entered the top 10 list, meaning they are producing the most blocks on the #blockchain. These mining pools allow independent miners to combine their computing power & other resources.

@Bitcoin_magazine

​​There are now more than 3 million #Bitcoin  addresses holding at least 0.1 $BTC (current value: $975 USD).

That's 14% more addresses than one year ago today.

@Bitcoin_magazine

​​Bitcoin just ended its 313th difficulty epoch.

Difficulty dropped by 6%. This decrease was somewhat expected after halving however it's notable because negative adjustments are so infrequent--only 49 in #Bitcoin 's history. Here's some data. $BTC

@Bitcoin_Magazine

50 BTC from Feb 2009 is moving.

That's just one month after first bitcoin block was mined. There is not a lot of people who can do this, perhaps close associates of Satoshi.

My question is why, not who, is sending 50 BTC for the first time in more than 10 years.

@Bitcoin_Magazine

Grayscale Investments bought up to 33% of all newly minted bitcoin over the last 3 months, as the asset manager continues to stockpile major cryptocurrencies. The investment fund added 60,762 $BTC to its #Bitcoin Trust Fund between Febr 7 & May 17, a researcher posted on Reddit.

@Bitcoin_Magazine

​​❗️Important Miners statistics

I will update this one every week while we are hanging below 10k.

New difficulty level turned out to be a bit lower due to a hash rate drop. Still, the Revenue is really low despite huge transaction fees - more than $5 in average.

It's getting clear that $9k level is NOT comfortable for Miners. As the price is stuck between the global ascending support and 10k resistance, Miners are at the crossroads. If $BTC breaks above 10k, they are safe, but if Bitcoin break the support and form a downtrend, Miners are in danger.

In case of a BTC dump, I expect almost all individuals to stop mining. This can lead to a Chinese monopoly - sounds weird when you talk about decentralized Bitcoin, isn't it?

Anyway I really hope that the correction won't last long.

@Bitcoin_Magazine