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HodlHard Announces Bitcoin Satoshis To USD Converter for WordPress

It would be fascinating to know how Satoshi intended Bitcoin to look like 11 years down the road. When it comes to the price of BTC, was it possible for him to predict that $20,000 USD all-time high? Would he think it would hold firmly in 4-figure territory for years? He probably did. That is […]

The post HodlHard Announces Bitcoin Satoshis To USD Converter for WordPress appeared first on Bitcoin PR Buzz.

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It would be fascinating to know how Satoshi intended Bitcoin to look like 11 years down the road. When it comes to the price of BTC, was it possible for him to predict that $20,000 USD all-time high? Would he think it would hold firmly in 4-figure territory for years? He probably did.

That is not a wild assumption. After all, Satoshi made Bitcoin divisible up to one hundredth million of a coin – 8 decimal places. Which is just one reason why it makes sense to use a USD to Bitcoin currency converter.

It is time to use a price tracker that tells us the price of $1 USD in Bitcoin, using the smallest denomination BTC can be broken into: The Satoshi! A Bitcoin Satoshis to USD converter is the way to go if you really want to understand how powerful BTC is. Now, thanks to HodlHard, you can do just that on any of your websites

HodlHard’s Fiat to Sats Price Tracker

HodlHard has built a Bitcoin Satoshis to USD converter WordPress plugin to track fiat prices in BTC. The plugin displays information that is updated every minute, picking up Bitcoin prices from various sources. It then flips the script – just like Satoshi did – on the traditional economy: It displays the price of a single unit of fiat money in Sats.

With this plugin you can track the price of fiat currencies in Bitcoin. Your site can feature the price of:

  • USD – US Dollar
  • EUR – Euro
  • JPY – Japanese Yen
  • GBP – British Pound
  • Other leading world and regional currencies

Why would you want to Use a Bitcoin Satoshis to USD Converter?

You might be asking yourself why is it at all useful to track price this way? The answer goes beyond the elegance of trying to make a point about inflation or the weakness of the fiat system. This Bitcoin Satoshis to USD converter is actually useful. With it, you can figure out the following:

  • Transaction price equivalents in fiat – these are usually displayed in Sats
  • Fiat equivalents of Lightning Network transactions – which are tracked in Sats
  • How much your cash back savings are worth in fiat when you are stacking Sats

How does the HodlHard Bitcoin Price Plugin Work?

Now that you can see the utility in this Bitcoin price tracker, you can install it on your WordPress site. Just head right over to the HodlHard and download it. We have been using it for months, delivering a service that our readers have found to be useful. Now you can give the users of your website the same advantage.

Also feel free to check out some of our Bitcoin service and apps focused reviews and resources or 

Additional Questions About the HodlHard Bitcoin Satoshis to USD Converter

If you have any other questions about this fiat to Sats currency converter, you can contact HodlHard’s team through the official Hodl Hard twitter or through our Bitcoin blog 

HodlHard is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

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Source: https://bitcoinprbuzz.com/hodlhard-announces-bitcoin-satoshis-to-usd-converter-for-wordpress/Source: https://bitcoinprbuzz.com/hodlhard-announces-bitcoin-satoshis-to-usd-converter-for-wordpress/

Blockchain

India’s Crypto Ban Uncertain as Finance Minister Touts a Window for Experiments

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India’s Finance Minister told CNBC that the country’s reserve bank is not shutting out cryptocurrencies entirely. She said that while the Reserve Bank of India will decide which unofficial cryptocurrencies will be used and regulated, there will be “a window for experiments” in the industry.

New Lease Of Life For Bitcoin In India

India’s minister of finance, Nirmala Sitharaman, spoke briefly on the country’s standpoint on digital assets in a CNBC virtual townhall. She said that several negotiations are being held with the Reserve Bank of India regarding an impending ban.

A lower parliament in India raised a bill to ban all private cryptocurrencies in January. It said that the move was to facilitate the development of the country’s CBDC, which the RBI will issue and regulate. This did not go down well with cryptocurrency enthusiasts and industry stakeholders in the country. In response, they started an online campaign tagged #IndiaWantsBitcoin to get the RBI to reconsider its stance.

Sitharaman’s remarks suggest that the campaign was quite impactful. She said:

“A lot of negotiations and discussions are happening around the cryptocurrency with the Reserve Bank of India. RBI will be taking a call on what kind of unofficial cryptocurrency will have to be planned and how it has to be regulated. However we want to make sure that there is a window available for all kinds of experiments which will have to take place in the crypto world. There will be a very calibrated position taken. A lot of mixed messages are coming from across the world. World is moving fast with technology, we cannot pretend that we don’t want it.”

Sitting On The Fence

India is renowned for its controversial stance on bitcoin after several “back and forth” regulations. The government had initially banned cryptocurrencies in 2018 after warning investors. The halt was later overturned by the Supreme court. The apex court described the ban as “unconstitutional.”

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India’s lower parliament received backlash from the global crypto community for what seemed like a ridiculous exception to its proposed cryptocurrency ban. It said it will “allow for certain exceptions to promote the underlying technology of cryptocurrency and its uses.” Regulatory bodies in the country had severally pushed the motion to advance blockchain technology adoption while banning cryptocurrencies.

Its non-committal approach has raised question marks regarding the country’s future in the digital asset space.

Digital Rupee Still In The Picture

Although Sitharaman did not discuss the progress of the digital rupee, the second most populous nation may take a cue from its neighbors, China.

China has continued trials of its digital yuan and has distributed millions of dollars in the digital currency to its citizens.

India’s Reserve bank governor, Shaktikanta Das, said last month that although there is no set date for the launch, the digital rupee was “receiving full attention.”

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Source: https://cryptopotato.com/indias-crypto-ban-uncertain-as-finance-minister-touts-a-window-for-experiments/

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Cardano Price Analysis: 07 March

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The cryptocurrency market has been constantly forming crusts and troughs as it strives towards stability. Cardano’s market witnessed a similar trend wherein the price surged towards the end of February but has been correcting since.

At the time of writing, Cardano was trading at $1.13 with a market capitalization of $35.68 billion.

Cardano six-hour chart

Source: ADAUSD on TradingView

The above chart noted that the current market movement had formed a descending triangle and the price was sloping lower. The price has been supported at $1.06 as the trend becomes bearish.

This downwards trending price has been indicating a further drop making its way into the ADA market.

Reasoning

After witnessing increased volatility in the recent past, the ADA market is now seeing the volatility reduce. However, it has not yet shrunk to a level where a price swing was not possible. Since the descending triangle was a bearish trend, a price drop could make the market more volatile.

The signal line and the 50 moving average were also moving above the price candles and were acting as a point of resistance. Meanwhile, market momentum has turned negative due to the rising selling pressure in the market.

Despite the shift in momentum, the Relative Strength Index has remained close to the equilibrium zone. This could be a sign for the consolidation of the price at the current level but as bearishness increases, the consolidation phase may lead to the price breaking down.

Crucial levels

Entry-level: $1.07
Stop-level: $1.17
Take profit: $0.91
Risk to Reward: 1.53

Conclusion

The current ADA market has been seeing the price drop to its $1.06 support. As the price tests the support, the indicators have been highlighting an incoming fall. This fall could push the digital asset under the support and could bring the value under $1.


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Source: https://ambcrypto.com/cardano-price-analysis-07-march

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HODLing early leads to relationship troubles? Redditors share their stories

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Crypto investments have reportedly been a source of strife in relationships, sometimes leading to breakups and even divorce. 

According to a Reddit post from February 2015, a then 28-year-old woman using a throwaway account claimed that she was incredibly upset at her husband, who had not stopped purchasing Bitcoin (BTC) since 2013 without consulting her. She estimated that he had bought more than $22,000 in the crypto asset in the two years prior to the post, when the price reached a high of more than $1,000 but also dipped under $200.

“I kept telling him to sell as the price was rising and he promised me a big year in 2014,” she said. “The price kept falling and he continued to buy more. He makes more money than I do but we are building a future together and we have a shared bank account. He kept telling me this was for our kids’ college fund, to buy a house, etc.”

In the early days of Bitcoin and crypto when digital currencies were often used as a running joke for late night talk shows and comedians, many considered investing in the technology financially immature at the very least. Some people still do, even with the BTC price at more than $50,000 again.

The Redditor referred to her husband as “brainwashed,” saying he was “robbing [her] of happiness” and ruining her job by bringing up Bitcoin at her marketing events.

“After a recent price crash, he actually bought more using our vacation fund that I have been saving away for and planning. All gone, in Bitcoin never to be seen again.”

It’s unclear whether the couple stayed together following the response from the post, or if the husband sold some or all of the Bitcoin to ameliorate his wife’s financial concerns. The user compared her spouse to a drug addict and considered “staying in a hotel for a few weeks” to think about whether divorce was an option.

However, with the benefit of hindsight, the husband’s early investment could have easily paid off in the millions of dollars. Even assuming he purchased BTC after the price surge to $1,000 in November 2013, the 22 coins would now be worth more than $1 million.

Because the story was posted on the r/relationships subreddit rather than a pro-crypto group like r/Bitcoin or r/cryptocurrency, many of the Redditors encouraged the user to separate her finances and consider divorce proceedings. Few crypto enthusiasts jumped on the thread to comment, but one predicted that the BTC would one day be “worth fortunes” and recommended the husband continue to HODL.

Another story from a Redditor following the 2017 bull run — which brought in many newbies to the crypto space — claimed that his girlfriend was considering breaking up with him following “a huge investment in cryptocurrencies.” However, digital currencies seem to have played less of a role in his story, as the user said he crashed a car while driving drunk and was pressuring his significant other to leave her job.

Though many crypto traders know the price of Bitcoin and other digital currencies will likely continue to be volatile, the adoption and investment from major companies have helped push the technology closer to the mainstream, and made it seemingly more responsible for investors to get in on the action earlier rather than later. Already Shark Tank star Kevin O’Leary has claimed to have increased his stake in Bitcoin while asset management firm Third Point CEO Dan Loeb recently said he had been doing a “deep dive into crypto.”

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Source: https://cointelegraph.com/news/hodling-early-leads-to-relationship-troubles-redditors-share-their-stories

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