Posts





#bitcoin #crypto #cryptocurrencies
Check out our sponsor, eToro: http://etoro.com/datadash

If you haven’t already, visit the link down below to stay up to date on my new startup: https://bankingforthe21stcentury.com

Get 20% off tickets BlockDown 2020 using the code “DataDash20”:
https://www.tickettailor.com/events/eakdigitalltd/363074

What are your thoughts on what we discussed? Do you think the market has bottomed? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like, subscribing, and ringing the bell icon.

Email List: https://forms.gle/ADorNSFkkGbggJHY6

Steem User ID: @nicholasmerten
https://d.tube/#!/c/nicholasmerten
https://3speak.online/user/nicholasmerten

———————————————————————————————————-
Want to support the channel? Here are some ways how:
———————————————————————————————————-

👨‍💻 Want to start trading a wide range of crypto? My top choice is Binance. https://goo.gl/DZVYPn
🙋‍♂️ Want to buy crypto? Get $10 of bitcoin w/ your first purchase over $100 https://goo.gl/woCYL6
💹 Want to copy-trade me? Check out eToro: http://etoro.com/datadash
💹 Interested in signing up for our newsletter? https://tinyurl.com/dashreport-signup
💰 Want to start spending crypto? Use the code RT3BSJ at https://www.spend.com/wallet/ and earn rewards!
💾 Want to secure your crypto? Check out Ledger: https://tinyurl.com/dd-ledger
🏨 Want to save up to 40% on your hotel booking? Try Travala: https://www.travala.com/ref/53EB41
📈 Want to buy stocks commission-free? Try Robinhood: https://tinyurl.com/dd-robinhood
🤝 Want to trade OTC? Caleb & Brown is my personal favorite to get started. https://tinyurl.com/otc-datadash
⚖️ Looking to buy physical gold or silver? I like Gold Silver LLC: https://tinyurl.com/goldsilver-dd
👨‍💻 Want to browse privately and earn money? Check out the Brave Browser: https://tinyurl.com/dd-brave
📝 Looking to file your crypto taxes? Check out TaxBit: https://tinyurl.com/taxes-dd
💹 Interested in price data? Check out CoinMarketCap: https://coinmarketcap.com/
👥 Check out all of our partners: https://tinyurl.com/dd-partners

Donate

NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t
BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV
ETH: 0xa34d3461ae04953489e9aa464689c022836751d0

Patreon: http://patreon.com/data_dash

———————————————————————————————————-
Join our community channels!
———————————————————————————————————-

Telegram Alerts | https://t.me/Data_Dash
Telegram Discussion | https://t.me/datadash
Discord: https://discord.gg/S7MtTcB

———————————————————————————————————-
For advertising, consulting, speaking, or other business inquiries
———————————————————————————————————-

WARNING:

*I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO*

Feel free to reach us at: contactdatadash@gmail.com

Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.

source





Bitcoin Price and Trading Analysis. Ripple XRP, COTI and OIL Technical Analysis with Jimbo
———
#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano
———
New Weekly CryptoTag #Giveaway
– Simply Subscribe to Altcoin Buzz and drop a comment on the Video
– Winners for this weekly giveaway will be announced on every Saturday
———
Altcoin Buzz Free Newsletter: http://eepurl.com/dnIEz1
Sign up for Crypto.com and We Both Get $50 USD https://platinum.crypto.com/r/ab
Sign up for eToro https://tinyurl.com/yxwa8vbt
———
Visit our website: https://altcoinbuzz.io
Connect with us on Social Media:
Twitter: https://twitter.com/Altcoinbuzzio
Facebook: https://www.facebook.com/altcoinbuzzio/
Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA
———-
NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

source





Sign up to crypto.com and get $50 bonus: https://platinum.crypto.com/r/youngandinvesting
Code is: youngandinvesting

After Bitcoin dropped from $8,000 to $3,600 the hash rate dropped by almost 50%. The difficulty level, that only adjusts every 2 weeks, dropped by 16%. The second biggest drop in Bitcoin’s history.

At current Bitcoin prices of ~$6,000 we do have a problem. Mining is already centralized in China, but after the halving it seems that this will even be more the case. It won’t be profitable anymore to mine Bitcoin for the majority of European miners, as well as the American miners. Where will the mining end up? Right, China…

In China one can still mine Bitcoin for a cost as low as $3,000 currently and $6,000 after the halving, which will make it still profitable at current prices, while for the Americans the price need to more than double to be profitable again. Not a good-looking situation.

The scariest thing is that “whoever controls the mining, controls the network”, so if China will deliver 80%-85% of the mining power, it also controls the Bitcoin network…

#bitcoin #mining #China

———————————————————————————————————————————————————–

Follow me on Twitter:
https://twitter.com/QuintenFrancois

Follow me on Facebook:
https://www.facebook.com/YoungAndInvesting1

Join the “Cryptocurrency Investing” Facebook group: https://www.facebook.com/groups/480785485606417

———————————————————————————————————————————————————–

Register on Binance: https://www.binance.com/?ref=10813220

Register on Coinbase: https://coinbase-consumer.sjv.io/gdrEB

———————————————————————————————————————————————————–

Buy a Ledger hardware wallet: https://www.ledger.com?r=a1e80b98f316

Buy a Trezor hardware wallet: https://shop.trezor.io/?offer_id=10&aff_id=3338

———————————————————————————————————————————————————–

source





While coronavirus rages, bitcoin has made a leap towards the mainstream.

In February 2020 a French court ruled that a loan involving bitcoin was a consumer loan.
In Abu Dhabi The financial services regulator amended its virtual asset legislation to comply with the FATF standards.
Germany’s financial regulator, BaFin, did the same
Followed by South Korea’s lawmakers.
India’s Supreme Court overturned the central bank’s 2018 ban on banks transacting with cryptocurrency firms.
And now in March  Zimbabwe announced it is developing a regulatory framework for cryptocurrencies that will establish a clear procedure for firms to become compliant with the country’s financial regulations and therefore to be allowed to do business with banks. This, too, reversed a 2018 ban.

List of Project that are about to launch staking in 2020
Zilliqa $ZIL,
Credits Crypto $CS,
Chromia $CHR,
Ample protocol $AMPL,
CeloOrg $CELO,
CasperLabs $CLX,
nOS platform $NOS

On March 27, VeChain Foundation released its 10th Foundation Financial Executive Report, covering the period from November 2019 to January 2020.
VeChain releasing this report is in line with the foundation’s objective of promoting accountable communication. It also encapsulates their achievement in creating tangible economic value in the Blockchain industry.

On March 25, the Neo Foundation announced the release of funds to aid the continuity of its operations in the coming financial year. A total of 1,660,865 NEO tokens were released (worth approximately $11 million), with 27,800,303 NEO (approximately $190 million) still available.
Neo Foundation also revealed in its blog post that its financial review for 2019 was now complete. It planned to release the annual report to the general public soon.

References:
https://sg.news.yahoo.com/while-coronavirus-rages-bitcoin-quietly-155215630.html
https://twitter.com/CryptoDiffer/status/1243574475251220480
https://www.uptrennd.com/post-detail/digibyte-dgb-feat-digi-id-review-by-altcoin-buzz-uptrennd~MjU1Mjk4
https://www.altcoinbuzz.io/cryptocurrency-news/finance-and-funding/neo-releases-funds-for-2020-operations/
https://www.altcoinbuzz.io/cryptocurrency-news/product-release/vechain-latest-financial-report/

———
#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano
———
New Weekly CryptoTag #Giveaway
– Simply Subscribe to Altcoin Buzz and drop a comment on the Video
– Winners for this weekly giveaway will be announced on every Saturday
———
Altcoin Buzz Free Newsletter: http://eepurl.com/dnIEz1
Sign up for Crypto.com and We Both Get $50 USD https://platinum.crypto.com/r/ab
Sign up for eToro https://tinyurl.com/yxwa8vbt
———
Visit our website: https://altcoinbuzz.io
Connect with us on Social Media:
Twitter: https://twitter.com/Altcoinbuzzio
Facebook: https://www.facebook.com/altcoinbuzzio/
Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA
———-
NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

source





I DO NOT PARTICIPATE IN PAID REVIEWS OR PROMOTIONS. IF YOU HAVE BEEN APPROACHED BY SOMEONE ON TELEGRAM CLAIMING TO BE A PART OF THE CRYPTO TIPS TEAM, THEY ARE SCAMMERS!

Twitter: https://twitter.com/blockchainchick
Instagram: https://www.instagram.com/realcryptotips/
LBRY: https://lbry.tv/@Crypto-Tips:b

LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:

VIDEO SUGGESTIONS:Discovering Satoshi Playlist: https://www.youtube.com/playlist?list=PLjSfwlM7JzdYLgtoGBQkh7U61CqsVH-qa
Is It Possible to Take Over BTC?: https://youtu.be/j-SZgbvPYa0

ARTICLES/DISCUSSION GROUPS:
Who funds BTC development: https://blog.bitmex.com/who-funds-bitcoin-development/
BTC core repository: https://github.com/bitcoin/bitcoin
BTC discussion groups: https://bitcointalk.org/
Metzdowd mailing list: https://www.metzdowd.com/mailman/listinfo/cryptography

So right off the bat I want to address this natural urge to want to know who is behind the code of Bitcoin, speculation will always abound in the presence of a mystery. And thanks to whoever Satoshi Nakamoto is, and their strict personal application of anonymity, there will always be this aspect to the beginnings of the very first successful cryptocurrency. That, however is not what this video will be about. This video is going to cover who the people are behind the Bitcoin of today. If you are interested in learning more about the early days of Bitcoin, who played instrumental roles in its creation and early development, you need to check out the links to additional videos I have made that can be found down below in the video description. Bitcoin has changed a lot over the years and I think it’s equally important to know who is actually behind the Bitcoin of today. So, let’s get into it.

In light of the common assertions that Bitcoin was created by the CIA, or some other secret government organization, and as we progress through this video today I want to encourage you all to remember this very fine and crucial point that Bitcoin is an open source software, one in which anyone, anywhere, at anytime, can view it, analyze is and download it if they so choose. I don’t know about you, but for me, that kind of blatant transparency is not something that any government anywhere would like to be promoting, if nothing else than for the sake of national security, of course.
Additionally, for anyone suspicious of the “motives” behind the continuation of Bitcoin, again, you are free to analyze the code, join the discussion groups and anonymous mailing lists and really put your ear to the ground to get a better understanding of the problems that exist and the solutions being tested.
If however you want to understand the motives behind these proposed solutions, whatever they may be, it’s always wise to first look at who is funding them (if anyone at all). And as they say, follow the money.

A new report has come out from the research team behind the centralized exchange Bitmex and their findings regarding who exactly is funding the development of Bitcoin. For those who seem to be hyper concerned with the centralization of Bitcoin mining and their ability to “take over Bitcoin”, I’d say the source of funding for development is a much more relevant and pressing issue. By the way, if you want to know my thoughts on the likelihood of a hostile takeover of Bitcoin check out the link to that video again, in the video description.
Satoshi Nakamoto intuitively designed the Bitcoin miners to be incentivized to play by the rules rather than try to take it over, BUT as this network has grown, other changes like big companies and venture capitalists have stepped in to provide funding for developers and other infrastructure that would help support the growth of the network. This is an entirely different kind of centralization and no doubt is a great place to dig in if you are at all suspicious of the motives behind certain developments of the Bitcoin network, like for example, the implementation of Segwit, which is short for segregated Witness, one scaling solution added to Bitcoin in 2017.

So let’s take a look at this report and see that they have found that is publicly available information:
There are well over 50 bitcoin developers who are being funded one way or another. Among the list of entities funding developers for Bitcoin are: Blockstream, Lightning Labs, Square Crypto, MIT, Chaincode, and others. Blockstream and Lightning Labs each fund 8 developers and you can see by this research how many other developers are being paid by other companies and where that funding is specifically coming from, be it venture capitalists, donations or retained income.

source





Cornavirus Pandemic – we’ll take a look at the Coronavirus 2019 #Covid19 and it’s global impact. India Under Lockdown. Olympics Postponed. March 27 #COVID19.
https://boxmining.com/outbreak/
Derivatives Trading: https://ftx.com/#a=boxmining
This virus outbreak is sweeping the world with new cases discovered in the US, France and Australia. Wuhan and 6 other Chinese cities are under quarantine – and the virus is moving international
PODCAST: https://anchor.fm/boxmining
#Coronavirus #covid_19 #pandemic #coronavirusoutbreak
👉Buy Bitcoin hello@genesisblockhk.com

👍🏻Subscribe: https://www.youtube.com/c/boxmining
🚀Latest Crypto Updates: https://www.boxmining.com/
Course: https://bitcademy.teachable.com/p/bitcoin-beginners-guide/

●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬●

🔒Hardware Wallet: http://boxmining.co/ledger
👍🏻Brave Browser: http://boxmining.co/brave
📲Enjin Wallet: http://boxmining.co/enjin
👍🏻Unstoppable Domain: http://boxmining.co/unstoppable
📲Binance Exchange : http://boxmining.co/binance

●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬●

Telegram Discussion Group: https://t.me/Boxdatamining
Telegram Announcements: https://t.me/boxminingChannel
Facebook Community: https://www.facebook.com/groups/CryptoSpartans/

●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬●

Instagram: https://www.instagram.com/boxmining/
Twitter: https://twitter.com/boxmining
Facebook: https://www.facebook.com/boxmining
Steemit: https://steemit.com/@boxmining

●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬●
I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.

source





Cornavirus Pandemic – we’ll take a look at the Coronavirus 2019 #Covid19 and it’s global impact. India Under Lockdown. Olympics Postponed. March 27 #COVID19.
https://boxmining.com/outbreak/
Derivatives Trading: https://ftx.com/#a=boxmining
This virus outbreak is sweeping the world with new cases discovered in the US, France and Australia. Wuhan and 6 other Chinese cities are under quarantine – and the virus is moving international
PODCAST: https://anchor.fm/boxmining
#Coronavirus #covid_19 #pandemic #coronavirusoutbreak
👉Buy Bitcoin hello@genesisblockhk.com

👍🏻Subscribe: https://www.youtube.com/c/boxmining
🚀Latest Crypto Updates: https://www.boxmining.com/
Course: https://bitcademy.teachable.com/p/bitcoin-beginners-guide/

●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬●

🔒Hardware Wallet: http://boxmining.co/ledger
👍🏻Brave Browser: http://boxmining.co/brave
📲Enjin Wallet: http://boxmining.co/enjin
👍🏻Unstoppable Domain: http://boxmining.co/unstoppable
📲Binance Exchange : http://boxmining.co/binance

●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬●

Telegram Discussion Group: https://t.me/Boxdatamining
Telegram Announcements: https://t.me/boxminingChannel
Facebook Community: https://www.facebook.com/groups/CryptoSpartans/

●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬●

Instagram: https://www.instagram.com/boxmining/
Twitter: https://twitter.com/boxmining
Facebook: https://www.facebook.com/boxmining
Steemit: https://steemit.com/@boxmining

●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬●
I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.

source





In this video we discuss Ethereum 2.0 and its recent audit by Least Authority, the possibility that Bitcoin’s upcoming halving won’t have the market impact we all anticipated, and the major organizations that are making massive moves behind the scenes with blockchain patents.

In particular, we look to Microsoft’s initiatives. Even with the lack in major cryptocurrency adoption Microsoft has also filed a patent related to the cryptocurrency system which has been titled as “Cryptocurrency system using body activity data’ and intends to use body activity data for mining. Patent Suggests Alternative Way to Mine Cryptocurrencies a cryptocurrency system leveraging different types of sensors to “measure or sense body activity or scan human body,” such as heart rate monitors, thermal sensors, and optical sensors.

References:

Though Ethereum’s update could be slowed due to testnet Flaws.
https://www.altcoinbuzz.io/cryptocurrency-news/product-release/ethereum-2-0-audit-shows-possible-flaw/
Number of patents out of China for Blockchain Technology are the highest also many by IBM (International Business Machines)
https://harrityllp.com/top-companies-in-blockchain-patents/
What are blockchain patents and some examples
https://www.munsch.com/Newsroom/Blogs/108602/The-Top-Blockchain-Patents-of-2018
Top Blockchain Stocks of 2020: Best Investment of the Decade Options to Buy
https://www.cryptoground.com/a/top-blockchain-stocks

———
#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano
———
New Weekly CryptoTag #Giveaway
– Simply Subscribe to Altcoin Buzz and drop a comment on the Video
– Winners for this weekly giveaway will be announced on every Saturday
———
Altcoin Buzz Free Newsletter: http://eepurl.com/dnIEz1
Sign up for Crypto.com and We Both Get $50 USD https://platinum.crypto.com/r/ab
Sign up for eToro https://tinyurl.com/yxwa8vbt
———
Visit our website: https://altcoinbuzz.io
Connect with us on Social Media:
Twitter: https://twitter.com/Altcoinbuzzio
Facebook: https://www.facebook.com/altcoinbuzzio/
Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA
———-
NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

source





#bitcoin #crypto #cryptocurrencies
Check out our sponsors:
Ledn: https://platform.ledn.io/join/9d18e80da3222b41a49726d5ae9250a3
eToro: http://etoro.com/datadash

If you haven’t already, visit the link down below to stay up to date on my new startup: https://bankingforthe21stcentury.com

Get 20% off tickets BlockDown 2020 using the code “DataDash20”:
https://www.tickettailor.com/events/eakdigitalltd/363074

What are your thoughts on what we discussed? Do you think the market has bottomed? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like, subscribing, and ringing the bell icon.

Email List: https://forms.gle/ADorNSFkkGbggJHY6

Steem User ID: @nicholasmerten
https://d.tube/#!/c/nicholasmerten
https://3speak.online/user/nicholasmerten

———————————————————————————————————-
Want to support the channel? Here are some ways how:
———————————————————————————————————-

👨‍💻 Want to start trading a wide range of crypto? My top choice is Binance. https://goo.gl/DZVYPn
🙋‍♂️ Want to buy crypto? Get $10 of bitcoin w/ your first purchase over $100 https://goo.gl/woCYL6
💹 Want to copy-trade me? Check out eToro: http://etoro.com/datadash
💹 Interested in signing up for our newsletter? https://tinyurl.com/dashreport-signup
💰 Want to start spending crypto? Use the code RT3BSJ at https://www.spend.com/wallet/ and earn rewards!
💾 Want to secure your crypto? Check out Ledger: https://tinyurl.com/dd-ledger
🏨 Want to save up to 40% on your hotel booking? Try Travala: https://www.travala.com/ref/53EB41
📈 Want to buy stocks commission-free? Try Robinhood: https://tinyurl.com/dd-robinhood
🤝 Want to trade OTC? Caleb & Brown is my personal favorite to get started. https://tinyurl.com/otc-datadash
⚖️ Looking to buy physical gold or silver? I like Gold Silver LLC: https://tinyurl.com/goldsilver-dd
👨‍💻 Want to browse privately and earn money? Check out the Brave Browser: https://tinyurl.com/dd-brave
📝 Looking to file your crypto taxes? Check out TaxBit: https://tinyurl.com/taxes-dd
💹 Interested in price data? Check out CoinMarketCap: https://coinmarketcap.com/
👥 Check out all of our partners: https://tinyurl.com/dd-partners

Donate

NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t
BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV
ETH: 0xa34d3461ae04953489e9aa464689c022836751d0

Patreon: http://patreon.com/data_dash

———————————————————————————————————-
Join our community channels!
———————————————————————————————————-

Telegram Alerts | https://t.me/Data_Dash
Telegram Discussion | https://t.me/datadash
Discord: https://discord.gg/S7MtTcB

———————————————————————————————————-
For advertising, consulting, speaking, or other business inquiries
———————————————————————————————————-

WARNING:

*I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO*

Feel free to reach us at: contactdatadash@gmail.com

Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.

source





Why is Bitcoin Going Down?

Bitcoin Price Dropped to $6.1K Shortly After the Equities Markets Close Red. The move somewhat mirrors the performance of traditional markets, which also closed the day with losses. The Dow closed with a 915 point loss, the S&P 500 pulled back 3.37% and the Nasdaq was down 3.79%. As the COVID 19 continues to spread around the world, its impact on the lives of people is mounting up rapidly. The unemployment rate in the United States and Europe is going up quite fast. The financial markets around the world are plunging despite governments’ efforts as the Dow closed with a 915 point loss, the S&P 500 pulled back 3.37%, and the Nasdaq was down 3.79%. Its impact on the bitcoin can also be seen clearly as its price dropped nearly 8% in the last 24 hours.

A number of miners apparently shut down operations due to unprofitability after the crash.The massive drop of Bitcoin subsequently led to significant miner instability as mining became unprofitable. This forced a number miners to remove their hashing power from the network, blockchain analytics firm Glassnode reported. Similarly, Chinese mining pool, F2Pool, also reported on March 12 that Bitcoin’s daily mining revenue was suffering more losses than during the price lows of November and December 2018.
When some miners retreated due to unprofitability following the crash, Bitcoin experienced its second-largest historical drop in difficulty ever. According to Glassnode data, Bitcoin’s difficulty — a measure that indicates the time taken by miners to add new transactions to the Bitcoin network — dropped almost 16% on March 25. While some industry players think that downward difficulty adjustment completes the so-called “miners’ capitulation cycle,” others are confident that such events mark a bottom in the market.

References:

Bailouts, A Tradition Unlike Any Other
https://prospect.org/coronavirus/unsanitized-bailouts-tradition-unlike-any-other/
Zcoin – A Privacy and Anonymity Focused Blockchain
https://www.altcoinbuzz.io/reviews/altcoin-projects/zcoin-a-privacy-and-anonymity-focused-blockchain/———
#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano
———
New Weekly CryptoTag #Giveaway
– Simply Subscribe to Altcoin Buzz and drop a comment on the Video
– Winners for this weekly giveaway will be announced on every Saturday
———
Altcoin Buzz Free Newsletter: http://eepurl.com/dnIEz1
Sign up for Crypto.com and We Both Get $50 USD https://platinum.crypto.com/r/ab
Sign up for eToro https://tinyurl.com/yxwa8vbt
———
Visit our website: https://altcoinbuzz.io
Connect with us on Social Media:
Twitter: https://twitter.com/Altcoinbuzzio
Facebook: https://www.facebook.com/altcoinbuzzio/
Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA
———-
NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

source