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The post Here’s When Bitcoin Price will Trigger Another Bull Rally appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Despite a solid start, Bitcoin is expected to end the month in the red, with China’s latest crypto ban adding to the bearish pressure on the leading cryptocurrency. Bitcoin price action Bitcoin fell to an early morning low of $41,432.0 before making a rise, indicating a mixed start to the day. Bitcoin soared to a … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3B2JWUv https://ift.tt/3F9v3SX

There are several forms of bias to examine when it comes to understanding bitcoin and its price. Source: Author modification of 43/1995 from goodfreephotos.com You try to have the Bitcoin conversation. All you hear back is fear, uncertainty or doubt (FUD). You try to explain Bitcoin and their eyes glaze over. Often no-coiners or alt-coiners just don’t want to hear about Bitcoin. Cognitive Biases At Play Let’s try to understand by looking into the cognitive biases that enable the FUD and noise . Once these are understood, we can try de-biasing instead. We define cognitive bias as, “a systematic pattern of deviation from norm or rationality in judgment. Individuals create their own “subjective reality” from their perception of the input. An individual’s construction of reality, not the objective input, may dictate their behavior in the worl​d.” In short, our judgement is often not accurate in predictable ways. To understand the systematic errors in people’s Bitcoin judgement...

Keynesianism has eroded the ability for individuals to accumulate the necessary amount of capital to better their lives The below is a direct excerpt of Marty's Bent Issue #1086: "Keynesianism doesn't work because it discards local information." Sign up for the newsletter here . You can hone in on Keynesianism or zoom out further and focus on the broad topic of top-down control. Any way you cut it, it has become evident many times throughout history and is glaringly obvious at this particular juncture; these attempts to micromanage complex systems will never work. They will never work because they fundamentally discount local, emergent information which creates particular needs and particular necessary reactions to meet those needs. Any top-down diktat or attempt to micromanage a complex system like an economy will result in inherent unfairness because the actions taken will have inherent assumptions that disregard local needs in favor of academic think and t...

Looking at the metrics that help us determine bitcoin price bottoms. The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now . In today’s Daily Dive we will dig into a new metric for timing bitcoin bottoms. This metric will use the realized price of two separate cohorts of bitcoin investors; long-term holders and short-term holders. First, before digging into the metric, let’s define some of the terms: Realized Price : Realized price is the average price that every coin (technically: UTXO ) was moved on the network. For some, realized market capitalization is an easier metric to understand. Realized market capitalization, which is nearly an identical metric as realized price, takes the aggregate of every bitcoin on the network at the price it last moved. Realized price is currently $21,100, while realized c...

Eric Yakes creates a compelling account of how we’ve arrived at the monetary technology that is Bitcoin. With an ever-growing number of Bitcoin books being published, choosing which book to read next can be difficult. “The 7th Property: Bitcoin and the Monetary Revolution” by Eric Yakes guides readers through a vast array of Bitcoin-related topics, turning seemingly complex topics such as Merkle roots and the mining algorithm into highly approachable subjects using effective graphics and analogies. Whether you’re looking to learn more about the history of money, the centralization of money and banking, or how Bitcoin actually works on a deeper level, “The 7th Property” has something for everyone. Yakes starts by weaving through monetary history, using historical recent examples to describe the commonly-cited properties of money. He then dives into the historical trend towards centralization of money. Over centuries, society continuously traded trust for efficiency in money. Ultimatel...

Discussing how erroneous economic systems can be repaired with Bitcoin. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Rumble Audible It is hard to argue with the assertion that Silicon Valley and the tech world are the spaces that are driving growth in the contemporary world. But why exactly is that? In this episode of the “Bitcoin Magazine Podcast,” we were joined by Rob Hamilton, who published “ Why Has The Physical World Not Progressed Like The Digital? ” in Bitcoin Magazine recently, and we used this opportunity to unpack his piece. “I think as Bitcoiners, the answer is, we have to build our own institutions,” Hamilton said. As Hamilton shared his thoughts around how erroneous economic systems can be repaired with Bitcoin, he addressed damages caused by the short-sightedness of the business world. In our current fiat system, operators and large businesses are rewarded, causing us to be short-sighted in the wak...

Federal Reserve Chairman Jerome Powell has confirmed that the U.S. has no plans to ban Bitcoin and cryptocurrencies. On Thursday afternoon during the Oversight of the Treasury Department's and Federal Reserve's Pandemic Response   hearing Federal Reserve Chairman Jerome Powell confirmed that the U.S. has no plans to ban Bitcoin and cryptocurrencies. During the hearing , House Representative Ted Budd (R-N.C) questioned Chairman Powell about the state of inflation in the United States. Powell deflected the inflation questions, claiming the inflation in this country is due to the oft-repeated supply chain crises caused by the Government's pandemic response. Effectively the chairman said that the Fed’s hands are tied when it comes to inflation and that relief will come. Powell suggested inflation should go down in “the first half of next year.” Ted Budd's next question was about central bank digital currencies and their impact on stable coins, Bitcoin, and other cryp...

The popular bitcoin ATM network now has over 5,000 machines scattered across the U.S. and Canada to meet mainstream demand. Over the past six months, bitcoin ATM company Bitcoin Depot has more than tripled its machine count across the U.S. and Canada, according to a press release . The expansion was fueled by an appetite for BTC from a wide range of communities in North America, especially the unbanked. Bitcoin ATMs increase convenience by enabling physical purchases with cash  —  without requiring the customer to have a bank account  —  but also entail high costs. "It's no doubt the crypto market has captured mainstream interest, and the demand from consumers and retail industry giants continues to grow," said Brandon Mintz, president and CEO of Bitcoin Depot, per the release. "This gives us a greater opportunity to expose Bitcoin Depot ATMs to individuals seeking convenient access to alternative financial services and cryptocurrency." In July, Bitcoin Magaz...

The post ETH, LINK, EGLD,COTI & ONE Eyeing Massive Breakout in October! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Michael van de Poppe, a well-known crypto analyst, is forecasting a rally in Ethereum (ETH) to $20,000, as well as rallies in Chainlink (LINK) and four other altcoins.  Ethereum, according to the crypto strategist’s 424,200 Twitter followers, will continue on its 2017 bull market trajectory. He described the comparison between ETH 2017 and ETH 2021 … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3ijoO50 https://ift.tt/3ARVDxc

The post The Rise of NFTS This Winter! NFTS Will Bring Warmth to Your Portfolios appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Non-Fungible Tokens are in the buzz among creators and enthusiasts. Numerous platforms are working towards NFTs and their marketplaces. Influencers and celebrities boasting and launching their NFTs are well known to the masses. Similarly, individuals are now more leaned towards the tech. While some are fond of the creativity, and the tech involved, others flex … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3uDD25X https://ift.tt/3AZagih

The post DyDx Price Continues To Climb New Highs, But Why It Is Surging? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The China FUD slashed many token’s prices in recent times, however, some remained distinct from the crowd. IT appeared that DyDx just utilized the reverse impact of the FUD to strengthen its roots in the market. But what factors led the DyDx price jump and what could be the future plan of action, would be … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3uo3xvY https://ift.tt/3urPZj1

The post Traders Ready to Buy Another Dip? Here’s How Low DOT, ADA & LTC Price Could Fall appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The majority of major cryptocurrencies are trading in the green. The market capitalization of all cryptocurrencies is at $1.9 trillion, up 3.69 percent in the last 24 hours. The entire cryptocurrency market volume over the last 24 hours has decreased by 0.07 percent to $91.84 billion. Whilst the market thrives, Justin Bennett, a crypto market … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/2YfVky5 https://ift.tt/3m3HuH3

Author Jimmy Song discusses his book "Thank God For Bitcoin" and parellels between Bitcoin and Bible scripture. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Spotify Libsyn Author, Clubhouse host and Twitter influencer Jimmy Song joined hosts Steven McClurg and C.J. Wilson in episode nine of “Bitcoin Bottom Line” to discuss religion and the production of his book “Thank God For Bitcoin.” Song kicked off the episode discussing his book, sharing that he wanted to write because producing content is a way to help others on their journey. “There’s a lot of conflicting voices, a lot of noise,” Song said. “It’s hard to cut through that and understand what’s going on, so I try to simplify things to help others understand.” McClurg shared that, even after six years of explaining Bitcoin to his wife, she never fully understood the concept until she read “Thank God For Bitcoin.” Since then, she’s been excitedly sending it to all of her friends and sharing i...

Bitcoin represents the next evolution of the American currency being tied to a system of energy storage. Written September 21, 2021 You have probably heard of the petrodollar . You may not know the ins and outs, but you have heard the term in history class or on some podcast. In a very simple and reductive way, it is an abstract noun meant to show the political and military denomination of the United States’ dollar as the sole purchasing currency of oil. By creating the exclusive medium of exchange to be their dollar, be it in treasuries, bonds or cash, the United States could “quantitatively ease” their expanding monetary supply into the ever-demanded energy commodity that is oil. The idea of tying your monetary system to an energy system might seem a bit odd at first, but consider the actual exchange of capital to be one of time spent earning the pay (working debt for credit capital) for a direct-product-of or service-based expression of the seller’s time. It might seem trite, but...

Evergrande cannot be viewed correctly except in the context of the overarching economic situation in China. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Rumble In this episode of Bitcoin Magazine ’s “Fed Watch'' podcast, I discussed the emerging story of the week, Evergrande and the Chinese recession. We first brought up Evergrande on episode 60 , back on August 11, and at the same time I made the call that China would enter a recession within three months. Our position on “Fed Watch” has been bearish on China for over a year, and my personal position has been bearish since well before the 2020 coronavirus crisis began. I started the podcast by describing what exactly is happening. Evergrande is in massive financial trouble, and likely to default on upwards of $300 billion in debt. But it isn’t alone. To meet its obligations, Evergrande has been trying to liquidate its assets, including land, apartment units...

The post Building CeDeFi: Finance and Economics Behind CeDeFi appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Cryptocurrency is causing a huge paradigm shift in how the world interacts with money, financial services, and the economy in general. El Salvador has designated Bitcoin as a legal tender, some other countries are working on launching central bank digital currencies (CBDCs), and cryptocurrencies have now become a constant fixture in conversations around monetary policy.  … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3um7KA4 https://ift.tt/3uBipr3

The post Cardano Announces an NFT Auction of Digital Music! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide    While celebrities and athletes have jumped headfirst into the non-fungible token (NFT) market, a substantial number of music artists have also done so.  According to reports, Cardano and its founder Charles Hoskinson are working on a new album by Paul Oakenfold, one of the most well-known performers in the electronic dance music genre.  The … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3of0Ewp https://ift.tt/3CTSUE4

The post Why October Could Be a Challenging Month For Bitcoin and Other Altcoins? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide To start with the positives the Crypto industry is awaiting another spectacular bull run with so many things coming in its way! Yes, Bitcoin’s Taproot upgrade is set for November and Ethereum merger can happen anytime soon. Cardano’s effort to hit the mainstream is in progress! Nonetheless, new projects entering the market show strong long-term … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3kYO2aR https://ift.tt/3kQ3p4Z

On Tuesday Nayib Bukele, President of El Salvador, released a new video showing a geothermal facility with Bitcoin mining machines operating on the side of a volcano. On Tuesday Nayib Bukele, President of El Salvador, released a new video showing a geothermal facility with Bitcoin mining machines operating on the side of a volcano. The original video, which Bukele shared Tuesday afternoon on Twitter, has already received nearly 2 million views. It shows a government-branded shipping container arriving at the geothermal plant. The container is full of Bitcoin mining rigs, with technicians installing them. Bukele’s caption for the video was just, “First steps…” The video appears to announce that the president is following through on promises made last June , when, just days after announcing he would make Bitcoin legal tender, Bukele invited Bitcoin miners to take advantage of new facilities being built specifically for the industry at a state-owned geothermal electric com...

Australian-based bitcoin exchange Amber is set for its U.S. launch in 44 states via a public beta release. Amber , the Australian-based Bitcoin accumulation app that has spawned an entire generation of Dollar Cost Average (DCA) products around the world, has announced its launch in the United States, per a press release sent to Bitcoin Magazine . “We decided to get the app rolled out in stages, so the first few releases in the US won’t have all the functionality we have back home in Australia, but it’s a start,” said Amber CEO and Founder Aleks Svetski. “We want to get the product in people’s hands so we can better prioritize what people want to see us build next.” The app is currently in private beta for both iOS and Android, with plans to move to a public beta this upcoming October. Customers will have access to Amber Basic and also the option of their premium service, Amber Black, which offers users to stack as much bitcoin as they want with no fees. The app will be live across 4...

The post Bitcoin Showcases Bullish Signs, BTC Price Could Firmly Launch A Bull Run Soon appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The crypto space is finally on the brink of a massive breakout as the entire market begins with a notable rebound. The assets in the top 10 are slowly gaining bullish momentum and initiating an uptrend to reach their respective targets. Bitcoin price also attempting a firm grip over the bullish trend in order to … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/2WlYAXO https://ift.tt/3AzLhSs

Umbrel partnered with The Bitcoin Machines to offer a plug-and-play all-aluminum node and server combo. Umbrel, an operating system (OS) purposefully built for running a Bitcoin node, Lightning Network node, and other self-hosted applications on a Raspberry Pi, announced today a partnership with Bitcoin node hardware maker The Bitcoin Machines to offer a plug-and-play Umbrel server solution. “The server features a beautiful all-aluminum design with a 1.8" display, and is powered by a Raspberry Pi 4 with 1.6Ghz quad-core CPU and 8GB RAM, with the option to choose between 1TB and 2TB SSD for storage,” the company said in a release sent to Bitcoin Magazine . Image via press release Umbrel overjoyed non-technical users in the Bitcoin community when it debuted due to its focus on usability, user interface (UI), and user experience (UX). Still, users had to install the OS on a Raspberry Pi manually. The new offering seeks to bring the ability to run a Bitcoin node for even mor...

The post Binance Coin Price Prediction, Will the BNB Price Rally to $1000 in 2021? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Have you heard of Binance Cryptocurrency Exchange, one of the most preferred platforms to trade with? If yes, then Binance Coin (BNB) is the native coin that acts as a utility token, used to pay transaction fees. The swelling adoption of the DEX platform of Binance, Binance Smart Chain(BSC), has positively impacted the BNB price. … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/2XSRVEZ https://ift.tt/39NYmfq

The post Cardano Price Prediction, Will ADA Price Hit $10 in 2021? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide 2009, for Bitcoin, and 2015, for Ethereum. But how many of us knew that the year 2015 marked another master cryptocurrency’s advent? Not many, until it became the third most popular crypto money, smashing 74,00% up last year! That’s the Cardano network, now considered as one of the most scalable systems, in the World Economic … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3deCVGj https://ift.tt/39QhM30

During an interview with at the invite-only Code Conference in Beverly Hills, Elon Musk said the government should steer clear of trying to regulate Bitcoin and cryptocurrency. In an interview with Kara Swisher Tuesday at the annual invite-only Code Conference in Beverly Hills, California, Elon Musk argued global governments should steer clear of trying to regulate Bitcoin and cryptocurrency. “It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said during his red-chair interview. When asked whether the U.S. government should be involved in Bitcoin and crypto regulation, Musk responded, “I would say, Do nothing.” The comments come at a time when public figures are beginning to assess the anti-fragility of Bitcoin, wondering openly if there’s a chance the system might be shut down should it be too successful. Such statements were recently given by billionaire Ray Dalio , who argued he believes governments can shut d...

The post SEC Fears Exposure in Its Legal Battle Against Ripple! Everything You Need to Know! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The legal battle between Ripple V/S the SEC is continuing with no ends meet. Meanwhile, Brad Garlinghouse CEO of Ripple labs mentions that a settlement is likely to occur. On one condition that the regulator is expected to clearly define the regulatory status of XRP. This is justifiable, as a firm wanting to know SEC’s … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/39OdMA4 https://ift.tt/3F1kUYj

The post Crowd Attention Shifts From Ethereum to Matic! Time For MATIC Price Breakout! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Matic platform has been making headlines in recent days as the altcoins daily user activity leapt to new highs! The traffic seems to be the result of Matic’s exciting partnerships ahead. With a series of events scheduled to launch in quarter 4, Matic price looks quite promising. The network is building the best DeFi technology … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/2XSznER https://ift.tt/3ARSLAl

The post Beldex price prediction: Will BDX reach $1 by 2021? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The crypto market has reached a new high in recent years. New altcoins are being created each day. Some coins start good but end abruptly.  Coins with a strong use case can weather the bear markets. One among them is Beldex. Beldex has maintained stable growth over years by building on the Beldex privacy blockchain. … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3kR3wNL https://ift.tt/39L9cmn

The post Why Cardano Price Is Falling Apart? This Is When ADA Price Could Restart Pumping!! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The September month is yet again proving itself to be most disastrous as the crypto space keeps on trembling with a notable margin. Bitcoin price, as a result of this uncertainty, revisited below $40,000 and is unable to recover to its previous positions. And hence other altcoins like ADA price is also experiencing the same … from Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide https://ift.tt/3og2fSu https://ift.tt/2Wlaxgn

Honor is a key part in the societal organization that is required for change in the world. The defining traits of most Bitcoiners can be measured along the following lines: trust, reputation and honor with integrity. I've personally examined and talked multiple times about trust and reputation within our social space, but have not arrived at a definitive agreement around the importance of honor. It is just as important as the other two aspects when we make new friends and align ourselves with groups. These dynamic forces determine whether or not we are worthy of someone's time, attention, trust or support. The Bitcoiner's organization must rest on the solid foundations of mutual trust (a verified type of trust!) that is built up over the years, through the experience of camaraderie, belonging and brotherly conduct. This at the same time builds reputation for individuals, who gain general trust within our space that they must maintain else they risk becoming rejected. Re...