$BTCUSD BitcoinWhat Is Bitcoin (BTC)?
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
Who Are the Founders of Bitcoin?
Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown.
On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.”
Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time.
However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.
Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.
What Makes Bitcoin Unique?
Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.
It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.
The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.
Cryptos
Just a little bit of patienceHello everyone!
I hope you are doing okay! Market is ready to go boom tomorrow so for now we are patient. Its very important to keep your head cool today and tomorrow before CPI release. I dont really see any opportunity at the moment.Once we get the CPI tomorrow it will set the mood for the week ahead.
Stay safe and dont do anything irrational
CHeers
BITCOIN LONG 20230213Signal: Blue, Bottom Confirmed
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Ethereum- ETH in a bear paw pattern since last ALL TIME HIGH🐾👀ETH
Ethereum in a bear paw pattern since last ALL TIME HIGH🐾👀
What will you do the day we break to the upside dear Crypto Nation❓🚀
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Bitcoin Long Opportunity 20230211Signal:
Blue -> Green * N; Red -> Green: Bottom Confirmed
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
GRT The Graph LONG OPPORTUNITY 20230210Signal: Red -> Green
Context: Green * N
GRT , The Graph, GRTUSD , GRTUSDT, GRTUSDTPERP , CRYPTOS, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BTCUSD: Testing the first major Support. Can go lower.Bitcoin is dropping rather sharply after the 1D Golden Cross formation on Monday turning the 1D RSI neutral for the first time in more than 1 month (RSI = 45.936, MACD = 661.500, ADX = 29.791). In the process, it reached S1, which is a wide Support Zone. In our view, it has greater probabilities of making contact with the 1D MA50 before rebounding, so until this reaches the S1, Bitcoin may take some time sideways inside the Zone.
A crossing under the 1D MA50 (candle closing) targets S2, most likely the final Support of this correction as we have to also consider the HL trendline of the November 21st bottom as a buy level. In terms of RSI, the most efficient level to buy would be the Oversold Zone, below the 30.000 level.
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Bitcoin short-term view - next bearish target at $21,000🐻Bitcoin short-term update
(a) BTC at my bearish target - FIB golden pocket👀
(b) next bearish target at $21,000🐻
(c) next bullish target at $23,127🐂
How was your day dear Crypto Nation❓😎
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
BNB updateLaunched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance
#coinbase a little to much, a little too fast I think the chart speaks for itself, but this looks like a short squeeze and a bit of an exhaustion (shorts taken to the cleaners).
If the history of this chart is anything to go by, i would expect a reversion to the mean so i'll be looking to short this 80 level for a pullback into the mid 60's
Bitcoin Short Opportunity 20230208, neckline is to be testedSignal: Green -> Red
About to Break Neckline, need to be tested
BTC , BTCUSD , BTCUSDT , BTCUSDTPERP , BTCBUSDPERP , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BTCUSD Scalping inside the Channel UpBitcoin has been trading inside a Channel Up since Januaary 21st.
The MA50 4H is the pivot.
Trading Plan:
1. Scalp the Bollinger Bands short-term.
2. Scalp the Channel Up medium-term.
Targets:
1. Range 23280 - 22700.
2. 22800 - 24100.
Tips:
1. RSI 4H is in a Channel Down. Bearish Divergence spotted.
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BITCOIN Lots of potential based on the USD.It is natural since the two are negatively correlated to see Bitcoin moving in the opposite direction of the DXY especially on the large timeframes. It is not a coincidence that when the DXY broke its Rising Support, Bitcoin followed with a break of its Falling Resistance. The DXY is leading the markets as it is absorbing the inflation news first.
What we do see from these charts though is that Bitcoin is lagging and its potential for further rise in relation to the USD is huge. Especially since the DXY's 1week MA200 us much lower while Bitcoin is attempting to break above it.
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