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Nakamoto

The Value of the SatoshiI feel the Satoshi (Sat) is often forgotten about and think it's vital in valuing Bitcoin. Why? First a small recap: Bitcoin is a currency. 1 BTC = Sat 100,000,000 Total Possible BTC = 21,000,000 (Due about 2140) Current Mined BTC = 18,750,000 (approx.) Current BTC Price = $40,604.36 Current Sat Price = $0.00004060436 Take a look at the Sat price: $0.00004 ... Not much use to anybody right? Now if the value of the Sat was at $0.04 then on a day to day basis, it would be useful. Think in terms of the dollar and the cent or UK pounds and pennies. The numbers after the '4' are still needed for making microscopic valuations similar to 1000th of a cent and so on. So why is this important? Nakamoto picked the number of Satoshis to 1 BTC to be 100,000,000. A figure any higher would be a waste, save for mathematics the last digits would never be used (as a currency) and any smaller number and there would be a shortfall, the missing 10th of a cent so to speak ("Where's my missing pen top!") :) Incidentally, if the price of Bitcoin was: $1,000,000 then 1 Sat would equate to $0.01 ! With the above analysis I think we've still got a long way to go! :)
COINBASE:BTCUSDLong
by Paul_Erasmus
BITCOIN SV [BSV/BTC] Analysis by MorpheusAll information is provided in the chart. (Point on Yellow-notes on chart to see description) NEWS: Craig Wright has been granted copyright registrations by the US for the original 2008 Bitcoin (BTC) whitepaper as well as most of the original code, bolstering his claims to be the pseudonymous Satoshi Nakamoto. The US Copyright Office is the first government agency to recognize Wright as the author of the whitepaper, as well as the main writer behind the code that was published in January 2009. Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you, please follow us and hit the like button! Tips, notes & suggestions When you place a trade, always remember to set a stop-loss. Most important rule, is to be patient. Money come and go, you will always get another chance. Never invest heavy in one trade, be sure to spread your bags on different trades. We would appreciate if you would hit the like button to support us. Feel free to comment share your idea or comment down below Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
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by UnknownUnicorn4777944
This Bitcoin Formation Predicts When the Bear Market Will End Yup, for those that weren't aware (and I haven't seen a lot of charts on it, if any at all), there is a special chart pattern/formation that can tell us everything we need to know about Bitcoin if it ends up being valid. The formation in question here is the Rounding Bottom Chart Formation. This is something that I have not seen ANY one post about! So, I'll show my findings below and you can comment on it and say what you think. Bitcoin Long-Term Price Prediction Based on the Rounding Bottom Formation What you see on the chart above is something called the ‘Fib wheel’. The Fib Wheel (courtesy of TradingView), was applied on this chart to get a better idea of where we should start the rounding bottom chart formation. Why? Because of the design of the Fib Wheel itself. It virtually plots out various rounding bottom formation lengths (based on fib levels). These different lengths are designed for products of varying volatility and price fluctuation. The Ultimate Theory Everytime the price breaks into another channel, the Rounding Bottom Chart Formation (if it is indeed present), must be considered ‘restarted at that point. Below are the marked restart points to help you out: So, only twice thus far technically. hese times are represented by the transparent blue boxes in the photo above. As you can see, the latest blue box can be detected at the start of the .786 ring level of our Fib Wheel. What the Wheel / Rounding Bottom Formation Predicts Based on the wheel is showing us here, the ‘low’ could potentially be at $2,921/Bitcoin. This does not mean that it is an iron-clad guarantee. The price could 'dance around' this $2.9k mark. But, at the very least, assuming that the price remained in this channel without breaking south or north, it will eventually touch down somehwere around $2.9k. The chart shows that this would occur at some point around the beginning of November. While this is not unreasonable by any means, the price is a significant ways away from that point currently: If the price did touch this point, it would represent a 55.66% loss in price in a little under two months from this present point. However, Bitcoin is no stranger to such drops, and there’s a chance that it could eventually backslide in price again as it tests the top of the rounding formation’s ‘range’ (what would essentially break the pattern altogether). The two red boxes in the chart above show that the price has been duly rejected twice when it has attempted to break through to the next Fib pattern/layer. Currently, the overhead resistance is at $6.9k. More Information About Our Daily Resolution Rounding Bottom So far we know a good amount of inforamtion, but we don’t know everything we need to know. Here’s a list of some important things to remember/consider: Fact #1 The ‘lip’ of the cup is at $10k. Fact #2 The potential bottom is at $3k Fact #3 The cup predicts that the lip may be surpassed at any point between April 11th 2019 and June 19th, 2019 Fact #4 The rounding bottom formation (as applied in this case), predicts that the ATH may be broken at any point between June 20th, 2019 and August 17th, 2019. Here’s an illustration to reflect all of those ideas: Conclusion Whether you believe in the Rounding Bottom Chart Formation is entirely up to you. At this point, it’s not a verified chart pattern. This piece was simply to provoke some thought and cause some individuals to consider alternative scenarios to the ones that they may have in their heads currently. If you notice, this theory dictates a price action that actually matches many of the more popular theories about Bitcoin’s price movement that are out there at this point in time. Thus, it seemed worthwhile to put this theory out there to see if we can actually put a ‘face to the name’, so to speak. As always, good luck trading! This is definitely not financial advice of any sort and you should be making your own decisions about how you’d like to go about things.
BITSTAMP:BTCUSD
by librehash
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