Bitcoin is neither money nor the “new gold”, but a speculative asset

Bitcoin is a medium of exchange because it is a peer-to-peer electronic system, but it is very inefficient.

Bitcoin is a better fiat currency or an alternative to cash, but it’s not cash yet.

JP Morgan said: „Gold is real money, the rest is decree money.“

In short, Bitcoin is the new “fiat currency” or the new “liquid” of millennials. The only asset that can be called “silver” in the long term is gold.

What is money?

In Chapter IV of his major work “The Wealth of Nations” (1776), Adam Smith, considered the father of modern political economy, describes precisely the technical definition of money. Money is basically defined as a unit of account, a means of payment and a store of value.

Adam Smith explains how gold quickly became the standard currency. In addition to being a scarce resource, the chemical element gold (Au) is immutable over time. Subsequently, its physical appearance and malleability popularized it as a universally recognized form of money.

Bitcoin: is it money?

My simple and categorical answer is: no. In its current form, Bitcoin fails to be money on almost every level:

Account unit

Bitcoin is not a unit of accounting because the benchmark value of 1 BTC in 2009 is absolutely different from that of 1 Bitcoin today. Bitcoin cannot be used as an accounting measure, as the “meaning” of 1 BTC a few years ago is drastically different from that of 1 BTC today.

Payments with Bitcoin

Very few goods and services are priced in Bitcoin because to reflect their value, they would have to constantly change in price or incur significant accounting risk. Generally, goods and services that “accept” bitcoin, do not accept BTC as a unit of account, but display a price in local currency and “can be paid for with their bitcoin equivalence”.

Store of value

Bitcoin is not a store of value because its fluctuation is very independent of inflation indicators. On the contrary, it tends to fluctuate on the basis of speculation with large variations in purchasing power from day to day. Bitcoin suffers from extreme volatility:

For example, in 2009 you could mine a Bitcoin for pennies on the dollar of electricity cost, say $ 0.05. As of December 2017, the price of Bitcoin was $ 19,166.

Do not confuse: “price appreciation and speculation” with “store of value”.

In January 2018, a month after the peak in December 2017, however, Bitcoin was priced at $ 9,192. As of December 2018, it stood at $ 3,194.

In the long run, Bitcoin has not been proven to be a store of value. It even showed the opposite, being an asset with price instability and high volatility.

I would not recommend anyone to put all of their savings, rent, or money in Bitcoin as it is not possible to know if the value of BTC will remain stable in one way or another.
Bitcoin is above all a speculative asset.

Bitcoin as a payment method

Bitcoin is a medium of exchange because it is a peer-to-peer electronic system, but it turns out to be very poorly performing.

Visa and Mastercard Bitcoin

Bitcoin can execute an average of 4 transactions per second. By comparison, Mastercard or Visa systems are capable of executing 24,000 transactions per second. In terms of medium of exchange, it is therefore much inferior to current payment systems, although it is a new technology.

Is BTC collectible?

Bitcoin’s new price discovery process suffers from a lack of transparency in the stock market order books (many of which are unregulated) and a lack of liquidity. This is because Bitcoin is concentrated in the hands of only a few ( 2% of wallets control 95% of all bitcoin).

Bitcoin is therefore prone to sudden drops due to the lack of simultaneous buy and sell orders.

Agora é arriscado para as instituições não alocar para Bitcoin, diz CoinShares CSO Meltem Demirors

O diretor de estratégia da CoinShares Meltem Demirors alerta que agora é arriscado para os investidores institucionais não ter Bitcoin em sua carteira.

De que a besteira em torno da Bitcoin

Em uma entrevista com a CNBC, o executivo da empresa de gestão de ativos digitais aborda a preocupação de que a besteira em torno da Bitcoin (BTC) tem um limite de tempo, e que, eventualmente, reguladores como a Secretária do Tesouro dos EUA, Janet Yellen, irão reprimir a indústria de criptografia.

„Acho que os comentários de Janet Yellen foram bastante matizados, há uma sopa de alfabeto de agências de três letras que já regulamentam a indústria de Bitcoin. Acho que há esta concepção errada de que a Bitcoin não está regulamentada, o que é certamente falso. Nós gastamos muito tempo em conformidade em nossa organização, mas veja, o que eu acho que está acontecendo em 2020, foi um risco para os investidores alocarem para a Bitcoin. Em 2021, é um risco não alocar para a Bitcoin.

E não são apenas os investidores, são as empresas. A MicroStrategy está subindo na parte de trás de sua alocação para a Bitcoin. Ela mais do que dobrou suas reservas de tesouraria devido a sua alocação. Eles acabam de sediar um evento com mais de mil tesoureiros corporativos presentes e também acho que agora temos os Estados-nação começando a olhar seriamente para o papel que a Bitcoin poderia potencialmente desempenhar no futuro de suas economias“.

O interesse institucional está liderando o Bitcoin

Demirors acrescenta que, desta vez, o interesse institucional está liderando o Bitcoin bull run charge, enquanto os comerciantes de varejo estão mais concentrados em ativos criptográficos menores e moedas meme.

„Muito do interesse no Bitcoin vem das instituições. Quando olhamos para as tendências do lado comercial, do lado do produto estruturado onde operamos e administramos US$ 4 bilhões em ativos para nossos clientes, muitos dos influxos vêm de instituições que estão alocando através de produtos ou fundos negociados em bolsa de valores. Há a participação do varejo, mas não está nem perto do que vimos em 2017.

Onde vemos a participação do varejo é em coisas como Dogecoin (DOGE) e outros tipos de moedas criptográficas menores de mercado que se prestam mais à ‚memeficação‘ e ao que chamamos de ‚meme coins‘ ou ‚meme stocks‘, se você olhar o GameStop e o AMC. Realmente o que está impulsionando o Bitcoin, na minha opinião, é a mudança fundamental no sentimento. Ray Dalio está falando sobre isso, BlackRock está alocando para ele, Guggenheim está alocando. Todos os principais alocadores estão agora entrando“.

More than 80% of the altcoins stars of 2018 are still at -90% of their ATH

Numbers to remember in the middle of a bull run. A recent analysis by Messari shows that the altcoins stars of the bull run of 2018 have still not returned to their previous levels, by far … A consecration for Bitcoin (BTC) and Ether (ETH)?

2018 star altcoins are far from their all-time highs (ATH)

Analyst Matt Casto shared this data from Messari on Twitter. The analysis firm has compiled a list of altcoins that hit their all-time high, or „ATH“, in 2018 , in order to compare their prices. And for the vast majority, the sudden fall they experienced has still not been caught up:

“ Holding assets that hit their record over 3 years ago is turning out to be a missed opportunity to deploy capital. There is a reason why 83% of assets peaked in January 2018 are now swapped between ed to -90% of ATH . “

A good example is Neo (NEO). Bitcoin Legacy particularly favored in 2017 and 2018, it reached its highest price, at nearly $ 200, on January 15, 2018. And today, although it shows an increase of +125% over one year, it is not worth more than about $ 25 , a drop of -87%. Stellar (XLM) managed to maintain its place in the top 10 cryptocurrency by capitalization, but its price also never reached its all-time high, at 0.87 dollars. Altcoin is trading this morning for $ 0.29, a level 66% lower.

In 2021, a consolidation of “big” projects?

Beyond showing the risks inherent in cryptocurrency trading, this progression also indicates that the flagship projects have tended to consolidate in recent years, to the detriment of the altcoins that swarmed in 2017. This is also what Pantera Capital reported, by predicting a Bitcoin price of 115,000 dollars : the market has concentrated, and this benefits the largest cryptocurrency.

As of December 31, 2017, BTC represented 39% of the cryptocurrency market cap. In January 2021, it represented 72% , largely crushing the capitalization of altcoins. In front of him, only Ether (ETH) manages to resist, by gaining 14% of the capitalization. It is even progressing – it was only 12% in 2017.

Altcoins are struggling to find their ATH

But for others, it is quite the opposite. XRP represented 15% of the crypto market cap in 2017 and this share drops to 1% at the start of January 202 1. Bitcoin Cash (BCH) goes from 7% to 1%, and the share of other altcoins goes from 25% to only 10%.

Bitcoin altcoins breakdown Pantera Capital

The question we can therefore ask ourselves is: will the tokens in vogue at the moment, in particular those linked to decentralized finance (DeFi), will experience the same fate? For some analysts, the projects they are linked to are more solid, but for others, a “crypto winter” could once again arise in this particular area of ​​cryptocurrencies. Case to follow!

Das neue US-Konjunkturpaket im Wert von 900 Milliarden US-Dollar unterstreicht die Stärke von Bitcoin (Stellungnahme)

Die USA haben ein weiteres Konjunkturpaket im Wert von 900 Milliarden US-Dollar durchgeführt. Dies unterstreicht einige der Vorteile von Bitcoin als hartes Geld.

Der US-Senat hat ein neues Konjunkturpaket im Wert von fast 900 Milliarden US-Dollar genehmigt, darunter 300 Milliarden US-Dollar für kleine Unternehmen und Direktzahlungen von bis zu 600 US-Dollar für amerikanische Erwachsene. Angesichts des Gesamtbetrags der wirtschaftlichen Entlastung von mehr als 3 Billionen US-Dollar seit Beginn der COVID-19-Pandemie bleibt die Frage, ob diese Entwicklungen eine versehentliche Förderung von Bitcoin darstellen.

Eine neue US-Wirtschaftserleichterung von 900 Mrd. USD

Als der unerwartete Ausbruch der COVID-19-Pandemie Anfang dieses Jahres die westliche Welt infiltrierte, leiteten die meisten Länder vollständige Sperren ein, um die Ausbreitung des Virus zu bekämpfen. Die unbeabsichtigten Folgen schadeten jedoch der Weltwirtschaft, den Unternehmen und den persönlichen Finanzen der Menschen.

Als das nach nominalem BIP größte Land der Welt beschlossen die USA, ihren Bürgern zu helfen, indem sie im März einen massiven Cares Act in Höhe von 2,2 Billionen US-Dollar unterzeichneten. Einige Monate später sind die Folgen des Virus jedoch nicht verschwunden, und der US-Senat begann mit der Erörterung eines weiteren Abkommens, das offiziell wurde .

Der von den Republikanern kontrollierte Senat stimmte mit 92 zu 6 für dieses zweitgrößte wirtschaftliche Hilfspaket in der Geschichte der USA. Das von den Demokraten kontrollierte Haus stimmte 359-53 dafür. Präsident Donald Trump muss das Gesetz noch unterzeichnen.

Das Paket beinhaltet 300 Milliarden US-Dollar an Erleichterungen für Kleinunternehmen, eine neue Runde von Direktzahlungen von bis zu 600 US-Dollar für amerikanische Erwachsene und eine wöchentliche Aufstockung der Arbeitslosenversicherung um 300 US-Dollar bis Mitte März 2021.

„Die gute Nachricht ist, dass dies ein sehr, sehr schneller Weg ist, um Geld in die Wirtschaft zu bringen. Die Leute werden dieses Geld Anfang nächster Woche sehen. “ – sagte US-Finanzminister Steven Mnuchin.

Wird Bitcoin am meisten davon profitieren?

Während die Regierung ihren Bürgern mit diesen Hilfspaketen helfen will, hat der erhöhte USD-Druck die Reservewährung der Welt zu einer Abwertung veranlasst. Allein seit März hat der Dollar gegenüber dem Euro über 10% an Wert verloren.

Zahlreiche prominente Ökonomen warnten davor, dass diese Maßnahmen letztendlich zu hohen Inflationsraten und dem Niedergang des Greenback führen würden. Peter Schiff ging weiter und sagte, dass selbst eine Hyperinflation nicht ausgeschlossen sei.

Daher nutzte die Cryptocurrency-Community die Gelegenheit, um einen der wichtigsten Unterschiede zwischen Fiat-Währungen und Bitcoin hervorzuheben. Während die Regierungen zeigten, dass sie mit einem Wimpernschlag neues Geld drucken können, hat die primäre Kryptowährung einen begrenzten Vorrat an 21 Millionen Münzen, die jemals existieren werden.

Die Community hat diesen großen Unterschied jedoch immer hervorgehoben. Was in dieser Situation überzeugender war, war, dass prominente traditionelle Investoren außerhalb der Kryptoindustrie dies bemerkten und damit begannen, Mittel in BTC zu investieren.

Der Hedgefonds-Manager Paul Tudor Jones III gehörte zu den Ersten. Kurz darauf folgte Stanley Druckenmiller. Unternehmen und Institutionen wie MicroStrategy, Ruffer Investment, MassMutual , One River Asset Management, Guggenheim und andere auch.

Sie argumentierten, dass BTC als Absicherung gegen die Politik der Regierungen dienen könnte, und verglichen es mit dem ultimativen Wertvorrat – Gold.

Infolgedessen wird es interessant sein zu verfolgen, ob das neueste Konjunkturpaket Bitcoin in gleicher Weise beeinflusst und noch prominentere Namen dazu bringt, sich anzusammeln.

Bitcoin creator Satoshi Nakamoto is said to have been a Londoner according to the latest analysis

A new perspective on an old investigation may shed light on the whereabouts of Satoshi Nakamoto, the creator of Bitcoin (BTC).

At the very least, it should shed light on his whereabouts while he was working on Bitcoin.

A recent report has found that London was the most likely place where Satoshi Nakamoto worked on Crypto Bull scam between 2008 and 2010.

Was the inventor of Bitcoin Londoner?

The author of the report, Doncho Karaivanov, reviewed several factors to justify the conclusion. These included an analysis of the time stamps of Satoshi’s published materials, his use of regional colloquialisms and spelling, and the fact that the Times‘ headline embedded in the Genesis block was specific to the English print version of the magazine.

The idea that Satoshi was British is not new. Hundreds of journalists, sniffer dogs and investigators have thoroughly examined the traces of the activities of the creator of Bitcoin and searched the Internet for clues that lead to its origins. But this latest report in The Chain Bulletin provides additional information to previous analyses. Among other things, it highlights the likelihood that Satoshi must have been referring to the print edition of the Times when he encoded the now famous January 3, 2009 headline in the Genesis block of Bitcoin.

Only the print edition of the Times, which is distributed in England, used the headline „Chancellor on the edge of second bailout for banks“, while the online edition included the Chancellor’s name in the headline. The US edition of the newspaper did not contain the story at all.

Karaivanov analyzed reader data, which showed that about 43% of the Times‘ readership is based in London. This data, combined with the fact that London is the largest financial center in the world, makes it very likely that Satoshi could have lived in London between 2008 and 2010.
Time stamps can provide information about Satoshi’s stay

Karaivanov’s analysis of time-stamped material posted by Satoshi (including postings on Bitcointalk, emails sent to the early developers of Bitcoin, and commits to the Bitcoin repository on SourceForge) provides additional evidence that Satoshi may have resided in the GMT (UK) time zone. However, he concedes that Satoshi’s pattern of posting could also reflect someone who lived in the EST (US East Coast) or PST (US West Coast) time zones.

Among the time zones that were completely excluded were those that included Japan (where Satoshi is said to have come from according to his P2P Foundation profile) and Australia, which, according to Karaivanov, „was not even remotely possible“ unless Satoshi was „a vampire“.
Is the search for Satoshi dangerous for Bitcoin?

The statement that Satoshi probably lived in London between 2008 and 2010 is not relevant to everyone. For example, a Reddit user commented on the findings that Satoshi was in London while working on Bitcoin with the following words:

In another breaking news story, Santa Claus may have been living at the North Pole while working on toys for infants.

Moreover, not everyone in the Bitcoin industry is interested in uncovering Satoshi’s origins or identity. On the contrary, some even consider it counterproductive for Bitcoin and its entire movement.

One person is always a target, and opponents might take advantage of that to try to possibly undermine the whole idea behind Bitcoin. In addition, Adam Back, CEO of Blockstream, noted that it would be unwise for Satoshi to reveal himself publicly. Blockstream’s position is that Satoshi’s identity should not be speculated upon, as the activity „violates the ideals of Cypherpunk.

Commenti miliardari sul futuro del Bitcoin e dell’Etereum

Il leggendario gestore di hedge fund Paul Tudor Jones dice che il Bitcoin potrebbe essere l’equivalente dell’oro digitale in 20 anni e che „il contante potrebbe essere sparito“.

Paul Tudor Jones, miliardario americano e gestore di hedge fund, è l’ultima cifra a commentare il futuro di Bitcoin e altcoins.

In un’intervista a Yahoo Finance, Jones, che possiede alcuni BTC, ha ammesso di non essere un esperto di Bitcoin. Si è anche astenuto dal fare grandi previsioni sul prezzo potenziale delle valute madri. Tuttavia, ha avanzato un paio di nozioni che meritano di essere prese in considerazione quando si tratta di BTC e di Ethereum.

In primo luogo, ha sottolineato che, a suo parere, „500 miliardi sono il limite di mercato sbagliato in un mondo in cui si hanno 90 trilioni di dollari di capitale e Dio solo sa quanti trilioni di monete fiat“. Ha aggiunto che è il limite di mercato sbagliato (BTC) rispetto all’oro, che secondo lui ha un limite di mercato da 8 a 9 trilioni.

Ha anche notato che Bitcoin Revolution gli ricorda molto le azioni internet del 1999. In particolare, Jones ha tracciato un parallelo osservando che all’epoca nessuno sapeva come sarebbe andata a finire quando internet era agli inizi. Ha spiegato che nessuno sapeva come valorizzare internet a causa del mondo di possibilità che esisteva.

Ha continuato dicendo che tra vent’anni tutti useranno una qualche forma di moneta digitale. Jones dice che è probabile che ogni sovrano (paese) avrà la sua forma di moneta digitale e che il suo uso sarà comune. Ha continuato dicendo: „Il denaro contante potrebbe non esserci più“.
Ulteriori informazioni

Mentre Jones non era sicuro di come sarebbe stato lo spazio di criptaggio in 20 anni, ha azzardato l’ipotesi che potesse assomigliare al complesso dei metalli, ma invece di specifici metalli preziosi, avresti avuto specifiche crittografie preziose.

Detto questo, egli pensa che alla fine il Bitcoin potrebbe diventare l’oro digitale – un’opinione popolare all’interno del cripto-verso. L’etereum, invece, potrebbe essere trasformato in un metallo industriale come il rame, per esempio. Di conseguenza, ci saranno due tipi di crittovalute: quelle preziose e quelle industriali.

Una tale previsione non ha lusingato tutti all’interno della comunità dei crittografi. Alcuni utenti di Twitter hanno prontamente criticato la previsione di Tudor, osservando che l’Ethereum in futuro supererà di fatto il Bitcoin. Per esempio, @minskmink87 ha scritto: „qualcuno gli ha detto che l’Ethereum avrà un tasso di inflazione più basso del Bitcoin tra qualche anno“. A tal fine, vale la pena di notare che una tale previsione potrebbe rivelarsi vera, dato che l’ETH 2.0 è impostato per ridurre al minimo il tasso di inflazione della moneta.

Prezzo del bitcoin e prezzo dell’etereum

Al momento della pubblicazione, Bitcoin era scambiato a 19.400,64 dollari, con un limite di mercato di 360.308.826.028 dollari e un volume di scambi di 24 ore di 24 ore di 24.226.611.914 dollari. In confronto, l’Ethereum è scambiato a 588,81 dollari, con un market cap di 67.019.364.466 dollari e un volume di trading 24 ore su 24 di 9.491.047.748 dollari.

BitTorrent will purchase the DLive streaming platform and create a single ecosystem.

The protocol company BitTorrent has announced plans to purchase a DLive streaming platform. The company intends to combine all related services into one BitTorrent X ecosystem.

According to the announcement, the new ecosystem will provide support in one infrastructure:

decentralized data storage (BTFS);
content distribution (BitTorrent);
video streaming (DLive).
All BitTorrent X services will be based on BTT token.

„BitTorrent X is the next step in creating a truly decentralized Internet,“ said Justin Sun, founder of Tron and CEO of BitTorrent.

TRON and BitTorrent plan to provide more detailed information about the future ecosystem during an interactive event in November.

In December 2019, DLive entered into a strategic partnership with BitTorrent, where it moved to Tron and integrated BTT.

Justin Sun acquired BitTorrent in 2018.

Recall that the author of the BitTorrent protocol, Bram Cohen, stated that he had just recently received most of the sum from Sun for the sale of the company, and it was less than agreed.

Monero (XMR) solidifica la tendencia alcista con un repunte en curso

XMR se negocia entre niveles de soporte y resistencia a largo plazo de $ 135 y $ 90 respectivamente.

Los indicadores técnicos son alcistas en todos los marcos de tiempo.

XMR / BTC enfrenta una resistencia en at0.0122 y ₿0.0139

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Trust Project es un consorcio internacional de organizaciones de noticias que construyen estándares de transparencia.

El precio de Monero (XMR) ha recuperado todas sus pérdidas resultantes de la caída del 2 al 4 de septiembre y actualmente está intentando superar un nivel de resistencia importante.

El precio de XMR se cotiza actualmente cerca de un área de resistencia importante que se encuentra en 132 dólares. El área es el nivel de retroceso de Fibonacci 0.382 y un área de resistencia anterior, por encima de la cual el precio no se ha negociado desde agosto de 2018.

Una ruptura exitosa probablemente llevaría el precio a $ 166, que es el nivel de 0.5 Fib de toda la disminución y un área de soporte anterior.

Señales técnicas XMR

Los indicadores técnicos son alcistas ya que el MACD, RSI y el oscilador estocástico están aumentando. Si bien el RSI se encuentra en territorio de sobrecompra, aún no ha generado ningún tipo de divergencia bajista.

Por otro lado, una disminución probablemente llevaría el precio al área de soporte a largo plazo más cercana a $ 90. En el momento actual, este escenario parece poco probable.

El comerciante de criptomonedas @Altcoinsherpa describió un gráfico XMR, indicando que el precio podría aumentar hasta $ 175. Si bien el nivel está ligeramente por encima del área de resistencia que hemos descrito, está lo suficientemente cerca como para crear cierta confluencia.

El gráfico de seis horas muestra que el precio posiblemente ha estado siguiendo una línea de soporte ascendente desde que alcanzó un mínimo el 4 de septiembre.

Al igual que en el gráfico semanal, no hay debilidad en los indicadores técnicos, aunque el RSI está sobrecomprado.

El gráfico de dos horas tampoco muestra debilidades, a pesar de que el rally ha comenzado a volverse parabólico.

Si el precio bajara, hay un soporte menor cerca de $ 113. Sin embargo, no hay señales de que el precio vaya a hacerlo todavía.

Tal como está, el escenario más probable es una eventual ruptura por encima del área de resistencia de $ 135 seguida de un aumento hacia $ 165.

Historically bullish Bitcoin chart pattern shows: There is further upside potential for BTC

In March, few would have thought that Bitcoin is where it is today.

The coin has risen over 200% since hitting its lows in March – which shows that the crypto market is far from dead.

When the lows hit, some feared that cryptocurrencies would not be around for long.
However, some analysts have predicted Bitcoin’s ongoing rally.

One of those analysts predicted the cryptocurrency would test $ 10,000 again by May, just a few months after the crash.

The chart pattern he used to predict this price action now suggests that Bitcoin has headroom to expand.

Another trader who predicted the rapid rebound in Bitcoin Code UK price reflects this view.

Bitcoin has another upside potential: textbook chart patterns

When Bitcoin crashed to $ 3,500 on March 13, few expected the coin to bounce back anytime soon. In fact, there were many at the time who believed the cryptocurrency was on its way to $ 1,000 and possibly below.

However, some stuck to their belief that Bitcoin would experience a rapid reversal.

One of these analysts shared the chart below. He suspects that the cryptocurrency was traded in a so-called macro-accumulation pattern.

This Wyckoff accumulation analysis suggested that the cryptocurrency would hit $ 10,000 in May or June and then correct. That happened too.

The analysis also predicted that Bitcoin would see another spike after hitting its low in July. That too happened.

While the analysis wasn’t entirely accurate, as it predicted that Bitcoin would be $ 14,000 to $ 15,000 higher in its second leg, it was accurate in predicting the timing and general direction of the cryptocurrency.

The same analysis now suggests that after the correction and subsequent consolidation, Bitcoin is ready to move higher.

On-chain trends paint a similar picture

The trends in the chain are consistent with the bullish picture this analysis paints.

So there is a clash of on-chain signs after which Bitcoin is prepared to move up in a macro timeframe. CryptoQuant, a crypto asset analysis company, recently shared 10 of these trends. They are as follows:

Position index of the miners
Hash bands
Average of all stock market outflows
Reserve for all exchanges
Stablecoin supply ratio
All exchanges stablecoin reserve
MVRV ratio
Ratio of network value to Metcalfe
Stock to Flow

One of the main reasons Bitcoin is set to continue to rise is because the network’s hash rate is reaching new record highs. For many analysts, this indicates an underlying upward trend.

Altcoins trotz Bitcoins optimistischem Verhalten in Schwierigkeiten

Hier ist, warum Altcoins trotz Bitcoins optimistischem Verhalten „in Schwierigkeiten“ sind

Der Bitcoin-Preis ist heute wieder auf über 11.000 Dollar gefallen und versucht sich derzeit zu halten. Die unglaublich zinsbullische Preisaktion nach einem erneuten Widerstandstest drehte die Unterstützung um und könnte den bei Bitcoin Up Bullen das Vertrauen gegeben haben, den Preis des Krypto-Asset viel höher zu treiben. Doch während sich bei Bitcoin ein zinsbullisches Momentum aufbaut, sind Altcoins rückläufig geworden. Einem Krypto-Analysten zufolge befinden sich die Alts „in Schwierigkeiten“, egal in welche Richtung die erste Krypto-Währung als nächstes geht.

Analyst: Bitcoin ist optimistisch, ist aber bereit, Alts zu „reagieren“, egal welchen Weg sie einschlagen

Bitcoin war das beste Mainstream-Asset des Jahres 2020 und hat Aktien, Gold und so gut wie alles andere geschlagen. Wenn man jedoch tiefer in den Krypto-Raum gräbt, dreht sich 2020 alles um Altmünzen.

Ethereum hat Bitcoin enorm übertroffen, während DeFi-Münzen, Chainlink und mehrere Small-Cap-Altmünzen den bisherigen Jahres-ROI von BTC bei weitem übertroffen haben.

Plötzlich jedoch hat sich das Blatt gewendet. Nach einem umstrittenen Ausverkauf durch einen „Lebensmittel“-Spendengründer im DeFi-Raum wurde die rosarote Schutzbrille abgenommen.

Sogar die DeFi-„Lieblinge“ Chainlink, Yearn.Finance und Binance Coin sind gefallen, während Bitcoin sich von einem Rückgang auf 10.000 Dollar erholt hat.

Die Untersuchung der Unterschiede zwischen dem wöchentlichen Preisdiagramm von Bitcoin und der Gesamtobergrenze des Altmünzenmarktes zeigt einen eklatanten Unterschied, der dafür verantwortlich sein könnte, dass das oberste Krypto-Asset eher bullish als alts ist.

Bitcoin testet derzeit erneut den Abwärtstrend von Widerstand und Unterstützung, während die Abwärts-Trendlinie des Altcoin Market Caps weit darunter liegt. Altcoins könnte zu früh nach dem Ausbruch zu überhitzt worden sein, dieser Widerstand wurde nie als Unterstützung bestätigt.

Wie dem auch sei, ein Kryptoanalyst und Investor sagt, dass „alle in Schwierigkeiten sind“, unabhängig davon, wohin Bitcoin als nächstes geht. Aber mit dem Aufwärtstrend, den Bitcoin an den Tag gelegt hat, ist die Richtung wahrscheinlich nach oben gerichtet.

BTC-Dominanz könnte den höchsten Punkt seit Crypto Bubble erreichen

Wenn Altmünzen tatsächlich in Schwierigkeiten sind, dann ist dies auf ein massives Kopf- und Schultermuster zurückzuführen, das auf der BTC-Dominanzkarte bestätigt wird. Die Bitcoin-Dominanz nimmt die Marktobergrenze des obersten Krypto-Assets und wägt sie gegen alle Altmünzen im Raum ab.

Am Tiefpunkt erreichte die BTC-Dominanz 35 % und am Höhepunkt des letzten Jahres 72 %. Sollte sich das Muster jedoch bestätigen, ist ein Ziel von 83% Dominanz oder höher möglich.

Zeitgleich mit diesem „Rückschlags“-Wiederholungstest der aus dem Widerstand gedrehten Unterstützung, von dem wir aus BTCUSD wissen, dass es sich um eine kritische Situation handelt, gibt es auch den Ausbruch eines zinsbullisch fallenden Keilmusters.

Der zinsbullische Ausbruch ähnelt stark dem vorherigen Ausbruch, der BTC.D im Jahr 2019 auf 72% brachte. In diesem Jahr, wie auch im Jahr 2020, führten Altmünzen laut Bitcoin Up dazu, dass Bitcoin erneut Höchststände erreichte, doch dann ließ die führende Kryptowährung Altmünzen hinter sich, und sie verbluteten erheblich.

Da die Dominanz der BTC ähnliche Signale zeigt, könnte Bitcoin, wie der Analyst behauptet, sehr wohl in einer Welt der Probleme stecken.