Tag: bitcoin network

Jul 20 2021

Bitcoin’s Address Growth Plateaus as BTC loses $30k Support

The growth of Bitcoin addresses has hit a plateau phase Bitcoin's daily active addresses have also dropped from April's peak of 1.366 million There are currently 845k daily active Bitcoin addresses, a drop by 38% from the aforementioned peak Bitcoin has lost the crucial $30k support to post a local low of $29,278 A loss of the $28k support will open the door...

Jul 13 2021

Bitcoin: An Orange New Deal

What would it look like if governments were to embrace and support the Bitcoin network?Investing In HopeYou know the New Deal -- a massive and unprecedented effort the United States federal government undertook in the 1930s to invest in infrastructure, build hope, and turn the course of a nation towards prosperity and justice. You’ve likely heard of the Green New Deal...

El Salvador Needs To Understand The Bitcoin Network

It is important for the country to adopt bitcoin not only as a medium of exchange, but as a store of value on chain.Recent news from El Salvador has sparked well deserved interest among Bitcoiners and in the mainstream media. The most pressing question is how ordinary Salvadorans will actually use bitcoin in everyday life. For example, will it be possible to...

Jun 29 2021

Bitcoin Paves The Way Toward A Truly Sustainable Future

True sustainability lies in a fundamentally sound money secured by cryptography.Over the 12 years of its existence, Bitcoin has garnered praise and tremendous enthusiasm. It has also attracted a great deal of criticism and disdain. From economists and bankers to policy makers, those entrenched within the financial industry have disapproved of this cryptocurrency. Depicting it as a Ponzi scheme and “too volatile...

Jun 06 2021

25% of Bitcoin Users Have Fled Since Tesla Stopped Accepting BTC

According to Timothy Peterson, 25% of Bitcoin users have fled the network since Tesla stopped accepting BTC for car payments Elon's tweet making the announcement has changed Bitcoin's fundamentals Bitcoin's network size is down 45% from its peak value in mid-April Bitcoin is staring at a death cross on the daily chart Bitcoin and Crypto analyst, Timothy Peterson of Cane Island Alternative Advisors,...

Mar 23 2021

Bitcoin's Hierarchy Of Needs

We can apply Maslow’s hierarchy of needs to Bitcoin to find out what needs it must obtain and maintain to succeed.In order for Bitcoin to achieve hyperbitcoinization, it has to fulfill certain network and monetary needs. Without obtaining and, more importantly, maintaining these needs, Bitcoin can not succeed. If Bitcoin can obtain and maintain these needs, then there is nothing that can...

Mar 09 2021

The Bitcoin Network Has Settled Roughly $10B a Day in 2021

Quick summary: The Bitcoin network has settled roughly $10 Billion a day since the beginning of 2021 The BTC transactions are between actual users of the Bitcoin network including institutional investors 15,700 Bitcoin left Coinbase yesterday, March 8th Institutions are not selling any of the Bitcoin purchased in the last few months The Bitcoin network has been settling an estimated $10 Billion per...

Jan 09 2021

Bitcoin (BTC) Active Addresses Hit a Record High of 1.34 Million

Summary: The number of active Bitcoin addresses recently hit an all-time high of 1.34 million This amount is higher than the 1.29 million experienced on December 14th, 2017 Bitcoin is attempting to turn the $40k price area into support BTC is in overbought territory but $50k looks like the next stop A push above $50k is probable for Bitcoin The number of active...

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