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#RVN/USDT 1W (Binance Futures) Descending wedge on supportRavencoin just printed a morning star on weekly TF, looks promising for mid/long-term recovery towards 50MA resistance. ⚡️⚡️ #RVN/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (1x) Amount: 10.1% Current Price: 0.01924 Entry Targets: 1) 0.01703 Take-Profit Targets: 1) 0.02713 Stop Targets: 1) 0.01198 Published By: @Zblaba NGM:RVN #RVNUSDT #Ravencoin #PoW #P2P Risk/Reward= 1:2 Expected Profit= +59.3% Possible Loss= -29.7% ravencoin.org
Long
by TradingOn
1
What Is Bitcoin Halving? Here's All You Need to KnowWhat Is Bitcoin Halving? Here's All You Need to Know. Halving is the event of slashing Bitcoin's mining rewards every 210,000 blocks, or roughly every four years. Read all about it here. Table of Contents Overview What Is Bitcoin Halving? When Is the Next Bitcoin Halving? Deep Dive into Blockchain How Are Miners Rewarded? Why Halving Matters? The Big Picture What About Bitcoin’s Price? Halving and the Way Forward Overview Bitcoin’s halving is a milestone event for the crypto space. Essentially, halving pushes back the moment we see all 21 million BTC tokens pulled out of their cryptographic hash puzzles. Satoshi Nakamoto, the individual or group who created Bitcoin , programmed it to a fixed amount of 21 million coins. In other words, the total amount of Bitcoin can never exceed 21 million. Presently, miners have picked up just over 19 million through a process called Bitcoin mining. This amount is over 90% of the total supply with mining having started with the creation of Bitcoin 15 years ago. That leaves just about 2 million tokens to be unearthed before the final Bitcoin enters our dimension. How long should we wait until this mammoth of a milestone happens? More than a century, or around the year 2140 , according to forecasting wizards. The logic behind this peculiar mechanism lies in the so-called halving and this guide will help you understand all about it. What Is Bitcoin Halving? Halving, in its simplest form, is the process of gradually reducing the rewards of Bitcoin mining. As we mentioned, Satoshi Nakamoto originally hard-coded Bitcoin to a fixed supply of 21 million. All of them will come to life at an increasingly slower rate. More precisely, the pace at which Bitcoin is created is “halved” every 210,000 blocks. The current block reward is 6.25 Bitcoin as the last halving occurred on May 11th, 2020. When's the Next Bitcoin Halving? In April 2024, miners will add the next batch of 210,000 blocks. And that only means one thing - they will have their revenue immediately slashed in half to 3.125 Bitcoin. All halvings are evenly spread out approximately every four years, consistent with Bitcoin’s hard-coded design. This way, supply will keep increasing, just at a slower clip. The reason is simple - the Bitcoin halving rewards will continue to reduce. Deep Dive into Blockchain In order for new Bitcoin to come into circulation, miners need to create blocks in a chain, hence the term ‘blockchain’. Network operators—the hardworking miners—uncover blocks through computer-powered mining operations. These crypto diggers compute hashes as quickly as possible. What they do is search for the successful fixed-length output that they add to the block. The more hashes per second (hashrate), the more chances for hacking out new blocks and adding them to the blockchain. How Are Miners Rewarded? Generally, miners have two ways to reward themselves for the effort. The first one is to earn revenue from transaction fees of users who send and receive Bitcoin. That’s when they act as decentralized network operators and validate transactions without a central authority. At their height during the crypto boom in April 2021, the Bitcoin network fees reached as much as $60 per transaction and took hours to complete. After all, the network can only handle 4-7 transactions per second. To compare, payment giant Visa can validate 24,000 transactions per second. Average transaction fee of Bitcoin, USD Timeframe: April, 2021 Source: bitinfocharts.com The other way to reward Bitcoin miners is to let them pocket the newly-minted Bitcoin contained in the block. Halving is basically a reward system for miners. But more broadly, halving is part of the proof-of-work model associated with high levels of energy consumption. Millions of mining rigs soak up that energy and crank out new Bitcoin. Why Halving Matters? Halving the block reward for mining Bitcoin is a way to protect its integrity. This immutable feature of the OG crypto makes it stand out as a unique asset class. In this light, it is also an alternative to inflation-prone national currencies, also known as fiat money. With that in mind, in a world that craves disruptive innovation, a technology that’s rewiring the global financial system has progressively moved into the limelight. The growing role of Bitcoin as a new investment vehicle is apparent, factoring in the elevated investor appetite . Bitcoin transacts tens of billions of dollars of daily volumes, with a peak of more than $126 billion on May 19, 2021. The figure is sufficient to prove it has piqued the interest of enough crowds to form a market around it. Before we revisit Bitcoin as an investable asset, let’s take a breather and trace the original crypto back to its origins where halving was introduced. The Big Picture Just over 15 years ago, the mysterious Satoshi Nakamoto mined the initial “genesis” block . For the effort, the clandestine developer(s) earned a hefty reward of 50 Bitcoin. And also bothered to leave a message hooked to the chunk of transactions. The message read: " The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. " Since then, the Bitcoin network has witnessed three halving events: On November 28, 2012, Bitcoin’s block reward was cut from 50 BTC to 25 BTC. On July 9, 2016, Bitcoin’s block reward was slashed from 25 per block to 12.5 BTC. The last one occurred on May 11, 2020, when the reward was axed to 6.25 BTC. The next Bitcoin halving event is on deck for April 19, 2024. Rewards will fall to 3.125 BTC. The Bitcoin halving dates may vary and we're yet to get a confirmation over the next one. Estimations indicate that every 10 minutes or so all network operators add a new block to the Bitcoin blockchain. With the current reward of 6.25 Bitcoin per block, miners dig out around 900 new Bitcoin a day. At today’s prices , this is equal to around $50 million worth of Bitcoin extracted daily. This is where the halving becomes interesting not just to the geeks among us. Halving events play a key part in shaping up supply and demand and weigh on the price of Bitcoin. Speaking of price movement, how does the rate at which new Bitcoin is churned out affect valuations? What About Bitcoin's Price? Bitcoin, as the world’s first cryptocurrency in a sea of many, is the quintessence of scarcity premium. Investment professionals are quick to say that Bitcoin carries a unique glamor as the only large tradeable asset with a predictable emission leading to a hard cap. In that light, analysts consider Bitcoin to be the newest entrant in the store-of-value category. An investment product that holds its purchasing power over time. Ideally coming with consistent price increases. This is possible thanks to halving - the brilliant mechanism hard-wired into the Bitcoin protocol. The minds behind the original digital currency conceived it as deflationary. A concept alien to the present financial system, flooded with central-bank cash and government stimulus. The reason is that, contrary to fiat currencies that inflate over time, Bitcoin should not be debased by inflation. Satoshi Nakamoto explained this inflation-rate flaw in an online forum around the time of Bitcoin’s inception. "The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” Halving and the Way Forward If there’s a need to draw broad conclusions, here are some of the more salient points to make a compelling argument. Bitcoin’s purchasing power is likely to avoid debasement thanks to the halving mechanism. With less than 10% of Bitcoin still to come to the surface, it will take more than 100 years for the last unmined Bitcoin to pop out. Once all the 21 million Bitcoin spring to life, miners will no longer stake their livelihood on uncovering new tokens. Instead, they will earn revenue from network fees for their work on validating transactions. But that’s only if the network sticks to the plan. FAQ ❔ "What is the purpose of halving?" ► Halving maintains a decreasing pace of block rewards, which emphasizes on the idea of scarcity in Bitcoin. ❔ "When is the next Bitcoin halving?" ► The next Bitcoin halving event is scheduled to occur on April 19, 2024. This date is approximate, and the actual date may be different, depending on the time it takes to complete one full batch of 210,000 blocks. ❔ "Is halving related to price increase?" ► Technically, when the supply of new Bitcoin is cut in half, and demand remains the same, prices may go up. But the price discovery of Bitcoin does not obey archetype models of economics. ❔ "When will the last Bitcoin be mined?" ► Estimates point that the last available Bitcoin will be mined in the year 2140.
Editors' picks
BITSTAMP:BTCUSDEducation
by TradingView
5
Eldorado Gold Strong Production Figures Ignite Investor Optimism In the dynamic world of gold mining, Eldorado Gold Corporation (NYSE: NYSE:EGO ) emerges as a beacon of success, reporting robust production figures for the fourth quarter of 2023 and achieving its full-year guidance. The recent announcement of preliminary gold production of 143,166 ounces in Q4 and an impressive 485,140 ounces for the entire year reflects Eldorado's commitment to operational excellence and strategic growth. This article delves into the key highlights of Eldorado's performance, analyzing its operations in Canada, Turkiye, and Greece, and explores the positive technical outlook that has investors optimistic about the stock's future. Eldorado's Production Triumphs: 1. Canada: The Lamaque Complex Sets Records - The Lamaque Complex takes the spotlight with record-breaking gold production in both the fourth quarter and the entire year. A 29% increase in Q4 production over the previous quarter is attributed to enhanced grade and mill throughput. Eldorado's success in Canada reinforces the Company's operational efficiency and resource utilization. 2. Turkiye: Kisladag and Efemcukuru Showcase Strength - Kisladag experiences a 24% surge in gold production during Q4, fueled by increased tonnes placed on the pads and improved irrigation rates. The commissioning of the North Heap Leach pad in Q3 plays a pivotal role in this growth. Meanwhile, Efemcukuru achieves record throughput rates in Q4, averaging 1,500 tpd, contributing to meeting full-year gold production targets. The completion of the mine rock storage facility positions Eldorado for more efficient waste rock and tailings management. 3. Greece: Olympias Delivers Record Annual Production - Despite a slight dip in Q4 gold production at Olympias compared to the previous quarter, the mine achieves a record annual production due to operational initiatives implemented throughout the year. Improved ventilation and increased productivity within the Flats zone, enabled by larger stope sizes and bulk mining methods, underscore Eldorado's commitment to continuous improvement. Technical Outlook and Investor Sentiment: Eldorado Gold Corporation's stock ( NYSE:EGO ) stands out in the market, trading near the top of its 52-week range and comfortably above its 200-day simple moving average. The price momentum signals a positive sentiment among investors, with the stock showing upward momentum. Investors are optimistic about Eldorado's future value, further bolstered by the Company's strong operational performance in 2023. Conclusion: Eldorado Gold Corporation's impressive gold production figures for 2023, position the Company as a compelling investment opportunity. Investors are likely to be encouraged by Eldorado's operational achievements across its key assets in Canada, Turkiye, and Greece. As the Company continues to demonstrate resilience and growth potential, Eldorado Gold shines brightly as a promising player in the gold mining sector, attracting attention and confidence from the investment community.
NYSE:EGOLong
by DEXWireNews
Correlation between RIOT | BTC 📊 Today, let's dive into the intriguing world of crypto mining and its connection with Bitcoin. We'll compare the charts of the mining company RIOT Blockchain (RIOT) and Bitcoin itself, shedding light on the correlation between mining-related stocks and the leading cryptocurrency. 📊 The Mining Equation: Mining is a fundamental component of the cryptocurrency ecosystem, and it's a process that should ideally be profitable. As miners secure the network and validate transactions, their success can often align with the overall health of the crypto market. 🧰💰 RIOT and Bitcoin: A Comparison: When analyzing the charts of RIOT and Bitcoin, you'll often notice a correlation. RIOT's performance tends to be influenced by the price movement of Bitcoin. As Bitcoin's price rises, it often brings increased profitability for miners, reflected in the performance of mining-related stocks. 📈🚀 What to Watch For: Correlation Strength: Pay attention to the strength of the correlation between Bitcoin and mining stocks like RIOT. A strong correlation suggests that the profitability of miners is closely tied to Bitcoin's price. Market Sentiment: Keep an eye on market sentiment and macroeconomic factors that can influence Bitcoin's price, as these elements can have a ripple effect on mining operations. Diversification: Consider diversifying your portfolio to include assets that can serve as hedges if there are fluctuations in mining profitability. Conclusion: The performance of mining-related companies, like RIOT, often depends on the price and profitability of Bitcoin. This correlation means that watching Bitcoin's charts can provide insights into the potential performance of mining stocks. The cryptocurrency market is dynamic, and staying informed and adapting your strategy to the evolving landscape is key to success. Keep a close eye on both Bitcoin and mining-related stocks to make well-informed investment decisions. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
📈 Bitcoin's Hashrate - Bullish ! 📈Bitcoin's hashrate has become a significant indicator for its future price movements, and the recent surge in hashrate is turning heads. ⛏️🚀 Hashrate Leading the Way Bitcoin's hashrate, the computational power dedicated to mining, has surpassed the price chart, setting the stage for a potential bullish trend. Historically, hashrate surges have often preceded significant price increases, showcasing the link between mining profitability and Bitcoin's value. Miners and Their Commitment One of the key factors behind this phenomenon is the unwavering commitment of miners. The mining industry has become more professional and institutional, with companies investing heavily in infrastructure and technologies. This commitment ensures that mining remains a profitable endeavor, even during market downturns. Why it Matters: A Secure Network Bitcoin's hashrate is not only a price indicator; it's a testament to the network's security. The more computational power is dedicated to mining, the more secure and resilient the Bitcoin network becomes. The Road Ahead: Anticipating a Price Rally With the hashrate leading the way, Bitcoin traders are eyeing a potential price rally. The historic correlation between hashrate and price movements suggests that a bullish trend might be on the horizon. Conclusion: A Strong Foundation Bitcoin's hashrate surge showcases the strength and resilience of the network. As miners continue to invest in mining, Bitcoin's fundamentals remain robust. The interplay between hashrate and price is a promising sign for the cryptocurrency market. ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
Uranium Mining OutlookURA in a 3rd wave and could possibly have topped here at the 28, but it also could be setting up higher for a 5th wave finish 32-36 area. When I first looked at it, I saw the possibility of a great buying opportunity in the $14-16 area if things break down. Right now I think we need to hold the $24-22.5 area to keep this bullish move upward. Otherwise the 14-16 becomes a greater likelihood and then will have to start seeing if the projections of the move line up to that target of $14-16. Not financial advice
AMEX:URAShort
by cryptowaveman
Lagger that refuses to fall and dreams about greatnessThe world's largest producer of nickel and palladium has had rather lackluster performance in 2023 advancing half as the general Russian Index. And still I cannot get over his accurate price structure that hints that better days are potentially ahead. I want the price to start forming the right side and later the handle of a cup, and break out above important Sep'22 and Sep'23 high - 17240 area. If price will not be able to hold Sep'23 15730 low, I would want the area above 15250 and 200D line to act as support. Bellow this levels the analysis is to be considered wrong and invalid. Trading thesis : cow-boy type longs (higher failure risk) may be considered above 16430 area with 3 and 5% stop levels.
RUS:GMKNLong
by artemfedorov
UPDATE: ArcelorMittal slow death continues to 20cArcelorMittal has shown downside since 2008 where the price was at its peak at R264,00. SInce the financial crisis it's just been down and down for the steel and minin company. It was one of the biggest in the world. and today is showing a slow death. The technicals still confirm downside to come with the Inverse Cup and Handle. The taregt remains at 20 cents. Traders can't do much as there is hardly any short scrip to profit along the way. SO I guess all we can do is watch...
JSE:ACLShort
by Timonrosso
#TRB/USDT 5D (Binance Futures) Big descending wedge breakoutTellor Tributes printed a shooting star which probably marked the local top on that supply zone. RSI is quite overbought, a retracement down to 200MA at least would make sense. ⚡️⚡️ #TRB/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Short) Leverage: Isolated (2.0X) Amount: 4.7% Current Price: 38.512 Entry Zone: 38.997 - 44.129 Take-Profit Targets: 1) 30.911 1) 22.890 1) 14.868 Stop Targets: 1) 50.476 Published By: @Zblaba LSE:TRB BINANCE:TRBUSDT.P #Tellor #Tributes #Oracle #Web3 tellor.io Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +51.3% | +89.9% | +128.5% Possible Loss= -42.9% Estimated Gaintime= 3-9 months
Short
by TradingOn
#KAS/USDT 4h (ByBit) Broadening wedge on resistanceKaspa is facing 200MA where it already got rejected once, seems likely to retrace down to 50MA support. ⚡️⚡️ #KAS/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (6.7X) Amount: 5.0% Current Price: 0.03945 Entry Targets: 1) 0.04020 Take-Profit Targets: 1) 0.03540 Stop Targets: 1) 0.04260 Published By: @Zblaba $KAS BYBIT:KASUSDT.P #Kaspa #L1 #PoW kaspa.org Risk/Reward= 1:2.0 Expected Profit= +80.0% Possible Loss= -40.0% Estimated Gaintime= 4-8 days
Short
by TradingOn
HIVE long term planning NASDAQ:HIVE :: #usstock #dyor #nfa Note 📌 it's ETHERIUM mining ⛏️ company Holding #crypto stocks is high risk and may cause lose 100% ur liquid 💰 Phase 1 :: BUY ACCUMULATION -> $2.2-2.6 Phase 2 :: BUY ACCUMULATION -> $0.5-0.7 i don't think 💬 it will reach 2nd phase 📍 If that happens sign 🛑 no new high 📌 Will return to ur 1st phase 📍 later I check ✅ i will update you target 🎯 But split 🪓 accumulation 40-60% liquid 💰 Sell :: $15-40-100-130 ( phase 1 ) #principaltrade :: $15-18 Phase 2 exit are $2-3 but i will update later so try to catch 🫴 update 📌 everytime ⏰ Be in updated to post 😸 any questions ☺️ on this 📌 ask comment Even more if u want just contact me personally 👍 BITSTAMP:ETHUSD NASDAQ:HIVE BITSTAMP:BTCUSD
NASDAQ:HIVELong
by raj5_7_5
3
#ETHW/USDT 8h (Bybit) Falling broadening wedge breakoutEthereum PoW looks good for bullish continuation after regaining 100EMA support. ⚡️⚡️ #ETHW/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.2X) Amount: 4.9% Current Price: 2.030 Entry Zone: 2.029 - 1.887 Take-Profit Targets: 1) 2.394 2) 2.721 3) 3.049 Stop Targets: 1) 1.594 Published By: @Zblaba EURONEXT:ETHW #ETHWUSDT #Ethereum #PoW Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +49.0% | +85.7% | +122.6% Possible Loss= -40.9% Estimated Gaintime= 1-2 months ethereumpow.org
Long
by TradingOn
2
TMC Offers Massive Upside Mining the Seafloor The weaker dollar has led to prices for commodities climbing sharply and quality mining stocks generating substantial gains. This has occurred in the face of the Federal Reserve raising interest rates at the fastest pace in history. Rising rates normally strengthen the dollar and we did see a USD rally in the first half of 2022 when the Fed began raising rates. But that rally fizzled and the dollar took a sharp turn lower in September of 2022, even with the Fed continuing to raise rates, doubling the Fed Funds rate from 2.5% to over 5%. This can be explained by the markets being forward-looking and anticipating an end to rate hikes on the horizon. But this is also partially due to inflation remaining stubbornly high with no signs of fiscal responsibility from the current administration. And now that most of the rate hikes are behind us and we are at or near a terminal Fed Funds rate, we think the dollar decline will accelerate, which will translate into significantly higher commodity prices. TMC the metals company Inc. (TMC) TMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products. This company is interesting because they are the first publicly-traded company to attempt mining valuable metals from the sea floor. They claim to be developing the world’s largest estimated source of battery metals, with enough nickel, copper, cobalt and manganese to electrify the entire U.S. passenger vehicle fleet. They estimate massive In situ quantities of nickel, copper, cobalt and manganese with a total resource of 15,700,000 t Ni / 2,400,000 t Co / 13,300,000 t Cu / 350,000,000 t Mn. Some nickel projects have high grade, some have a large resource, but TMC is an outlier among peers with the largest NiEq resource and highest NiEq grade. The company estimates an NPV of over $10 billion at current nickel prices, based on just 22% of the NORI-D resource. Yet the company is trading at a market cap of around $300 million. This is a multiple of 10x to 20x less than their land-based peers, implying huge upside should they be successful obtaining permits and moving into production. In just the past week, TMC said it plans to apply next year for a license to start mining in the Pacific Ocean, with production expected to start as early as late 2025. The company has signed non-binding MoU with Pacific Metals Company (PAMCO) of Japan to evaluate the processing of 1.3 million tonnes per year of wet nodules But environmental campaigners say seabed mining could have a catastrophic impact on marine ecosystems, so it is still unclear if they will get the license needed to start mining. There are also questions around the costs to pull these nodules up from deep locations on the seafloor. TMC is an interesting speculative mining play. Management believes it has rights to the globe’s largest undeveloped Nickel project. Nickel is one of the most widely used minerals for EV batteries and will see increased demand in the years ahead. A supply gap is likely to push prices for nickel much higher in the years ahead, potentially increasing the value of TMC as well. Much will hinge on getting final regulations from the International Seabed Authority, which seems to be in no hurry. But if this happens and TMC gets permits, I think this stock is going to be 5x to 10x for investors buying shares ahead of the news. The share price spiked higher on increased media coverage lately, but dropped back just as fast. I recommend this balanced article from CNBC for continued reading on TMC. The price went from 65 cents to $3.00, before falling back to $1.10 currently. Everyone will have to decide for themself if this is a good opportunity to buy the pullback or simply catching a falling knife. A small allocation as a lottery ticket could be of interest for risk-tolerant investors.
NASDAQ:TMCLong
by jhamlin24
#LTC/USDT 1D (ByBit) Symmetrical triangle breakout and retestLitecoin is pulling back to 100MA support when it seems likely to bounce and resume bullish. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (3.4X) Amount: 5.0% Current Price: 93.07 Entry Zone: 92.71 - 88.49 Take-Profit Targets: 1) 103.31 2) 112.87 3) 122.44 Stop Targets: 1) 79.97 Published By: @Zblaba CRYPTOCAP:LTC #LTCUSDT #Litecoin #PoW #Halving Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 litecoin.org
Long
by TradingOn