Connect with us

Blockchain

When should you finally buy Bitcoin

With all the recent drama in the cryptosphere, no one is certain when it comes to the “bottom” price. We heard analysts and experts share opinions that make us even more confused and the market sentiment right now is… how shall we put it… very sentimental. No one knows when is the best time to

The post When should you finally buy Bitcoin appeared first on Web's Most Useful Blockchain Articles.

Published

on

With all the recent drama in the cryptosphere, no one is certain when it comes to the “bottom” price. We heard analysts and experts share opinions that make us even more confused and the market sentiment right now is… how shall we put it… very sentimental. No one knows when is the best time to buy Bitcoin but many still believe in its long term growth.

Since everyone, once again, claims Bitcoin will die, here are some useful methods to go by in case you want to buy Bitcoin for its technological potential.

Buy Bitcoin when others are fearful

If that is not now then I don’t know when it is. During the start of this major bear market, everyone had his hopes up high, claiming one event or another were the reason their lamborghini orders were put on hold. Chinese Cristmas, Consensus and a bunch of other wild guesses, all acted as a catalyst for the fear of the current market.

Remember those people who claimed they would buy Bitcoin at $12.000 when it was around the $20.000 mark? The same people who claimed they wanted to buy at $6000 when Bitcoin was at $12000 price  and keep on dropping? Now at 3000 no one buys and they all scream Bitcoin is in a death spiral. No one wants to buy Bitcoin right now because they are afraid.

Buy Bitcoin when the value has gone up, but the price has gone down

Bitcoin is, right now, more popular and necessary than ever. People have started to realise the unfair profiting of exclusive third parties when it comes to the control of our finances. These institutions do not necessarily care about money because they can simply print it. Therefore, they are putting up huge resources and energy to drop the value of Bitcoin, keeping their power model in place. Until now, their efforts have proven to be fruitful.

However, this does not change the fact that Bitcoin is and always will be a decentralised worldwide currency that is free to transport across continents in any amount. The people who “are in it for the technology” understand this. This is why they have decided to hold Bitcoin for a long timeframe, or until a middle ground is found.

Buy Bitcoin when you see strong signals from multiple high quality sources

High quality sources right now are uncertain. This comes after everyone in the field had a price prediction whether that is for the final bottom or the turn of the markets. So far, no expert has been right which proves that their expertise is not always to be trusted.

Since the time when Bitcoin was created, media has been bashing it and telling that it will disapear as quickly as it appeared. But it hasn’t.

A strong signal in the cryptoworld needs to go far beyond a positive event or a development in the space. These have proven to not affect the price in a major way during 2018. Instead, strong signals could be translated in a new phase of mass interest for the coin, which will happen when the media picks it back up. Remember that, whether Bitcoin is manipulated or not, the only way the “big guys” can keep on profiting from the currency is if there is enough interest. And for interest to grow, price will have to grow as well.

Of course, it goes without saying, that this is not financial advice and it should not be treated as such. Our opinions are only an expression of our thoughts.

Source: https://railsonwave.it/finally-buy-bitcoin/

Blockchain

Bitcoin dominance is an irrelevant metric unless…

Published

on

The volatile cryptocurrency market has given way to multiple metrics for the market observers to analyze and predict what’s coming next. One such metric has been Bitcoin dominance, but as per Su Zhu, it should not be relevant to you unless you are a billionaire.

How so?

The CEO of Three Arrows Capital opined this after noticing the trend of the newcomers avoiding Bitcoin and Ethereum and opting for risky crypto tokens. When the largest digital asset was stuck in a wider correction period, altcoins like Dogecoin [DOGE] grabbed much attention. This was possible due to the hype created by Tesla CEO or, self-proclaimed “doge-father,” Elon Musk and the Doge community.

However, understanding the newcomers’ enthusiasm Zhu opined that if he were to bet on projects now, he would choose Solana and Avalanche.

Despite the popularity of altcoins, the exec remained bullish on Bitcoin and Ethereum as he expected, the former to flip gold’s market cap, and the latter to eventually hit a value above $25,000. Bold predictions, but nothing we haven’t heard before.

However, newcomers were more bothered about the dominance metric but as data suggested, Bitcoin dominance has recently been falling. The dominance was hit earlier but recovered to form a peak at 49.25% on 30th July. But given the correction phase that followed, the dominance of BTC fell and was last noted to be at 40% on 10th September.

It is interesting to note that despite plenty of adoption related news such as that of El Salvador, coming in over the past few weeks, it looks like the dominance has remained unaffected by it.

Source: CoinMarketCap

Twitter user and crypto enthusiast, @HsakaTrades also noted that Bitcoin dominance was not a relevant metric for anyone who has a “sub mid 9fig portfolio]. Agreeing with Hasaka, Zhu added,

“To clarify, if you’re holding for 5+ yrs, you shouldn’t be thinking about btc dominance in the first place. And obv btc and eth have a strong place in that portfolio.

If you’re allocating actively atm, and think debating btc v eth v alts is a good framework, you’re ngmi.”

While this advice could stand true for experiences, long-term trader interested in making money, but not the ones looking out to invest in tech. This was especially highlighted in the comments wherein the crypto users were upset about the CEO’s Solana [SOL] recommendation that recently witnessed an outage.

Nevertheless, the trading advice and strategies differd from trader to trader and Zhu’s opinion to not focus on the BTC dominance, prebably stemmed from a hodlers perspective. While interesting projects were now erupting in the crypto space, it looks like Bitcoin’s dominance, not only in terms of price, but as a crypto project could be challenge.

Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/bitcoin-dominance-irrelevant-for-anyone-not-10figs

Continue Reading

Blockchain

Millions of Dollars Raised Through Solana’s DeFi Projects

Millions of Dollars Raised Through Solana's DeFi Projects

PAI, an algorithmic stablecoin, backs Parrot Protocol. Grape Protocol was the primary source of the downtime. Solana has been up

The post has appeared first on thenewscrypto.com

Published

on

  • PAI, an algorithmic stablecoin, backs Parrot Protocol.
  • Grape Protocol was the primary source of the downtime.

Solana has been up nearly 3200% since August. Investors’ interest in Ethereum rival systems featuring DeFi, NFT, and smart contract services has risen dramatically.

The software applications that simulate legal contracts are smart contracts. Once housed on a blockchain network, the software application will run automatically without human intervention.

This month, Solana’s DeFi initiatives raised millions of dollars. This is another proof of Solana’s potential to compete with Ethereum. Currently, Ethereum has the most DeFi and NFT projects.

Bots raced to invest in a token sale for Grape Protocol over flooded the blockchain, causing Solana to collapse for 17 hours on Tuesday. Let us take a look at the few IDO that helped raise millions.

Grape Protocol

Grape Protocol, the primary source of the downtime, managed to raise just $600,000 on Raydium’s “Acceleraytor.”

Tokenized communities may use Grape Network to connect to platforms like Discord, Telegram, and soon twitter to collaborate over Solana and reward members with crypto.

Parrot Protocol

Parrot Protocol is based on Solana. Investors in the Initial DEX offering included Sino Global Capital, Alameda Research, and QTUM VC. Moreover, to put it simply, Parrot is a non-custodial lending platform and decentralized exchange.

PAI, an algorithmic stablecoin, backs Parrot. Furthermore, Parrot offered a governance token called PRT in its IDO. Thus, allowing investors to vote on the protocol’s operation and farm yields on Solana without affecting other Layer 1 blockchains.

Solana’s failure impacted Parrot’s IDO, but it was resolved by Sept. 16. Moreover, the team said it would start working on PRT staking, NFTs, and adjustable interest rates in “Letter from the Parrot.”

Several Solana initiatives will be launched in the next day’s/weeks. Examples include Solanium, Boca Chica, and Solstarter. On Solanium, whitelisted users may buy MatrixETF.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://thenewscrypto.com/millions-of-dollars-raised-through-solanas-defi-projects/

Continue Reading

Blockchain

Cosmos (ATOM) Lead Market-Wide Rally

Cosmos (ATOM) Lead Market-Wide Rally

Cosmos’ creators call it an “internet of blockchains.” ATOM also launched a bridge to Ethereum at the end of August.

The post has appeared first on thenewscrypto.com

Published

on

  • Cosmos’ creators call it an “internet of blockchains.”
  • ATOM also launched a bridge to Ethereum at the end of August.

Cosmos (ATOM) blew up 10.74 percent overnight to establish a new price of $39.58, according to CoinMarketCap. It surpassed $40 yesterday, reaching $40.76. Despite today’s minor decline, Cosmos’ price was still ten dollars more than seven days ago, and twenty dollars higher than this time last month.

Its creators call it an “internet of blockchains.” It’s an interoperability network that allows various blockchains to connect, exchange data, and interact with one another.

In short, Cosmos claims to address some of the “hardest problems” in the blockchain sector. It seeks to provide an alternative to “slow, costly, unscalable, and ecologically harmful” proof-of-work protocols like Bitcoin by connecting blockchains. On August 18, Cosmos rose 25% from $15 to $20 after the introduction of Emeris, a cross-chain DeFi interface.

It also launched a bridge to Ethereum at the end of August. The inter-blockchain communication protocol (IBC) allowed trade across the Cosmos and Ethereum networks for the first time, along with the integration of Sifchain.

Cosmos Might Soon Over Take FTX Token

Cosmos is “Blockchain 3.0” — thus, as previously said, ease of usage is a significant objective. To this aim, the Cosmos SDK emphasizes modularity. This enables a network to be created quickly using existing code. Long term, it is anticipated that sophisticated applications would be simple to build.

Cosmos now has the twenty-first largest market value, but at this pace, it would only take $0.8 billion to flip FTX Token and make a bold entry into the top twenty.

Some in the crypto sector, much worried about the amount of fragmentation in blockchain networks. There are hundreds, yet few can converse. Cosmos wants to change this by making it feasible.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://thenewscrypto.com/cosmos-atom-lead-market-wide-rally/

Continue Reading
Uncategorized4 days ago

Wicked Craniums are now Nifty Gateway!

Blockchain3 days ago

Massive NFT and Token Giveaway from Polker as Staking is Announced!

Uncategorized4 days ago

Acorns Hires Former Amazon Executive as President, Hints at Crypto Options

Uncategorized4 days ago

Swissquote Confirms European Expansion Plan, Focusing on Crypto

Blockchain4 days ago

Biggest Crypto Adoption Rumours: Apple, Amazon, and Walmart

Uncategorized4 days ago

Investor: Coinbase’s $2 billion junk bond deal shows crypto ‘supercycle’ is in place

Blockchain4 days ago

Gate.io Introduces OpenPunks, A Community-Based NFT Collection

Blockchain4 days ago

The Signal and the Noise

Uncategorized4 days ago

Head of Australian Crypto Exchange Says Regulations Are Beneficial

Uncategorized5 days ago

How to fix the Party Member Preloading error in Apex Legends

News4 days ago

Evaluating Credit Card Debt Relief Options

Uncategorized4 days ago

Nickelodeon All-Star Brawl will include DLC fighters post-launch

News3 days ago

Gods Unchained and Guild of Guardians Layer 2 Solution Immutable Raises $60 Million

Uncategorized4 days ago

Bingbon Launches its Carbon Free and Afforestation Project

Blockchain4 days ago

Public.com Inks Deal with NFL Star to Advise on Financial Literacy Programs

Blockchain1 day ago

Over 40 days after Ethereum’s EIP-1559, here’s where it stands

Blockchain4 days ago

What’s Behind Elrond (EGLD) Daily Surges?

Blockchain4 days ago

Ethereum’s Infura Launches Tool To Prevent Over-payment Of Fees

Uncategorized4 days ago

This needs to happen before Peter Schiff will buy Bitcoin (BTC)

Blockchain4 days ago

xtingles To Drop Its First ASMR NFT “Free Like A Butterfly” On September 16

Trending