Bitcoin

If they do plan to use it as an inflation hedge, talk them through cold storage and hosted wallets so that they understand where they plan to store their “gold.” And if they want to liquidate it periodically, have them consider the right frequency (annually, quarterly, monthly?), what the capital gains taxes may be and what they plan to do with the cash. Source link

Since the beginning of the 20th century, stocks have delivered the highest average annual return among popular investment vehicles, such as bonds, gold, and other commodities. But over the short term, cryptocurrencies have lapped the stock market many times over. Leading the charge is Bitcoin (CRYPTO:BTC). The world’s largest digital currency by market cap has increased in value from $0.0008 (that’s eight-hundredths of a penny) at the beginning of… Source link

Bitcoin (BTC) investors who bought at 2017 all-time highs and above have still not sold, data suggests. According to the HODL Waves metric, coins which last moved in the past six to twelve months now make up the biggest portion of the BTC supply. BTC buyers hold their nerve Despite strong gains and equally strong corrections in 2021, those who entered the market or added to their positions in or after November 2020 are refusing to sell. HODL Waves, which track the age distribution of unspent… Source link

Speaking at the Bloomberg New Economy Forum on Wednesday (Nov. 17), Axel Weber, chairman of UBS Group AG, shared his skepticism around bitcoin and said the concept of anonymous payments won’t last. Weber’s comments are consistent with his past views on cryptocurrency. “I love the technology, I think the idea of having instantaneous transactions between a large number of people — fantastic,” Weber said, per Bloomberg. However, he thinks the idea of moving payments away from banks… Source link

Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Nov. 12’s options expiry. However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call (buy) options for Nov. 19 have been placed at $66,000 or higher. Curiously, that price level has been the exception rather than the norm. Bitcoin/USD price on FTX. Source: TradingView Bears… Source link

In short, it allows a new type of signing option when signing a transaction, allowing a user to sign a transaction without adding a specific output (which is the coins they want to send) – at least not right away. This code change helps with a variety of technical problems, including one facing the Lightning Network, the overlay network to Bitcoin that increases transaction scalability and speed, and decreases costs. Source link

Text size Bitcoin and Ether remain up by a staggering amount over the past year. Jack Guez/AFP via Getty Images If… Source link

When you look at cryptocurrencies trading at only a few dollars — or even a few cents — a token, it’s hard to imagine them becoming the next Bitcoin (CRYPTO:BTC). After all, that cryptocurrency star recently surpassed $60,000 a coin. But it’s important to remember where Bitcoin started. The world’s first cryptocurrency was only worth only about eight cents when it debuted in 2010. That means it’s entirely possible newer players with low valuations… Source link

A representation of the virtual cryptocurrency bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo HONG KONG/SINGAPORE, Nov 17 (Reuters) – Bitcoin and ether, the world’s two largest cryptocurrencies, stayed weak on Wednesday and near critical levels that analysts believe could spell further weakness if breached. Bitcoin last traded around $59,000, down 1% on the day, and off about 12% from the record high of $69,000 set on Nov. 10, while ether was… Source link

Despite Jamie Dimon blasting Bitcoin as ‘worthless,’ JPMorgan just set a new price target for the crypto of $146,000 — here’s how to jump in JPMorgan, the nation’s largest bank, has a rather ambivalent view of Bitcoin. Its CEO, Jamie Dimon, isn’t exactly a big believer in the world’s biggest cryptocurrency. “I personally think that Bitcoin is worthless,” he said at a conference last month. But the bank’s investment strategists have a very different opinion, recently renewing their… Source link