So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
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Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
Articles by Jamie Redman on Muck Rack. Find Jamie Redman's email address, contact information, LinkedIn, Twitter, other social media and more. Jamie Redman. Page 17. Author: Jamie Redman. Market Outlook: BTC Trend Targets $15K, Bitcoin Bull Raoul Pal ‘Irresponsibly Long’ August 10, 2020 Jamie Redman $12k, $15K, Adam Mancini, BCH, Bitcoin, bitcoin cash, BTC, Coinshares, ETH, Ethereum, Gains, gold, James Butterfill, Losses, market, Market Prices, Market Updates, Markets, Outlook, Performance, Prices, Raoul Pal. Cryptocurrency ... Despite the pending doom edging toward traditional stock markets, bullish crypto researchers believe bitcoin will see the opposite trend. The Bitcoin-based marketplace that has connected the community with discounts at Amazon for using cryptocurrency has just announced the launch Purse Pre. This new Purse Pre market will... Jamie Redman 4 years ago Articles by Jamie Redman. Despite Stock Market Disaster Predictions, Bitcoin Markets Permeate Bullish Signals July 24, 2020 Jamie Redman 0. News.Bitcoin.com A number of Wall Street veterans like Bear Traps Report author, Larry McDonald, think that markets might see some “disastrous and unimaginable” impacts . Veteran Analyst Peter Brandt Scorns ‘XRP’s Bag Holder,’ Compares Ripple to ...
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