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@BigCheds
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BTC Sentiment Score of BigCheds
Tweets
I'm not even entertaining the idea of entertaining the idea of stacking alt coins until $BTC bottoms. Long ways to go. I do not believe in anything being "cheap". It is worth what it is supposed to be worth
June 29, 2022, 10:51 p.m.
$BTC and cheeto support at 20k
June 29, 2022, 8:39 p.m.
$ETH daily MA 20 is the line in the sand. Same as EMA 34 for $BTC https://t.co/zbmaNHi0Ki
June 29, 2022, 6:39 p.m.
$BTC 4H update - Now testing that higher low area 🎯 https://t.co/str1edwX5D
June 29, 2022, 6:26 p.m.
“Traders who forget to use stop losses magically transform into investors.” $BTC
June 29, 2022, 3:06 p.m.
Other that Saylor, has anyone helped get more retail folks trapped at high $BTC prices? Im disgusted
June 29, 2022, 1:36 p.m.
We need better heroes. A guy who told you to mortgage your house to buy $BTC when it was 50k+ should not be one of them.
June 29, 2022, 12:32 p.m.
Reminder from April $BTC
June 29, 2022, 12:27 p.m.
“Cut your losers, add to your winners and the rest is history.” $BTC
June 29, 2022, 12:26 p.m.
$BTC
June 29, 2022, 12:21 p.m.
$BTC breaks back below 20k
June 29, 2022, 11:19 a.m.
Join this space free ALPHA @BigChonis is on a roll $BTC
June 28, 2022, 12:27 a.m.
Come hang out $BTC https://t.co/gecG3Q96yO
June 27, 2022, 11:29 p.m.
The next leg down will be the one that surprises people since so many are already calling for bottom $BTC
June 27, 2022, 6:57 p.m.
$USDT tether $BTC
June 27, 2022, 3:06 p.m.
$BTC 4H early follow-through on that signal, with key levels marked out for you https://t.co/gHRUWlrt4g
June 27, 2022, 2:29 p.m.
$BTC 4H breaks lower BB first time since 18k area
June 27, 2022, 1:46 p.m.
$BTC
June 27, 2022, 12:28 p.m.
$BTC 4H BB pinch in progress resource: https://t.co/tkQWfyeze2 https://t.co/0lRKArS0GX
June 27, 2022, noon
$BTC this is wrong so my apologies - We closed below/near the MA in 2015. Though it is notable that the price movement below is stronger this time
June 27, 2022, 12:51 a.m.
Live in 20 min on Youtube $BTC market moves explained https://t.co/ekg52c7RhY
June 25, 2022, 11:56 p.m.
Catch me LIVE tonight on Youtube for a stream - 8PM EST (about 7.5 hours from now) $BTC market update and dancing https://t.co/T6lSmPfUSi
June 25, 2022, 4:31 p.m.
Spaces just ended, not sure if we reached a limit for time but twitter ended it. Want to thank everyone for joining today! Many thanks for our speakers @BigChonis @BobLoukas and everyone who joined. Replay below $BTC
June 25, 2022, 4 p.m.
$BTC going live on spaces $BTC ask me anything https://t.co/Ou3faRhDk5
June 25, 2022, 1:21 p.m.
$BTC going live on spaces $BTC ask me anything https://t.co/Ou3faRhDk5
June 25, 2022, 1:21 p.m.
After breakfast I’ll do a spaces and take your questions $BTC
June 25, 2022, 12:29 p.m.
$BTC observing spinning top at daily EMA 8 after relief rally. Structure could be viewed as a bear pennant or flag rising wedge with measured move in the low teens if the trend continues. https://t.co/ptD0kiFmS0
June 25, 2022, 12:48 a.m.
$BTC now pressing daily EMA 8
June 23, 2022, 10:51 p.m.
$BTC Valid view but I always look for a horizontal neck-base line to play. Problem with playing this setup is where do you define the breakout? How will you know when the idea fails? At a minimum you’d have to wait for that lower high break at 21.7k so you can define your risk
June 23, 2022, 8:39 p.m.
$BTC so far clean rejection off that daily EMA 8 (Primary downtrend resistance) A good rule of thumb is to assume any counter trend rally will fail until it closes above https://t.co/mEKKCCcphk
June 21, 2022, 11:42 p.m.
Let Ben know if want to see me do a collab with him $BTC
June 21, 2022, 6:27 p.m.
I’ll do a couple YT streams and spaces next week when I get back $BTC
June 21, 2022, 6:24 p.m.
So far bad call $BTC
June 21, 2022, 3:04 p.m.
“If we all agreed on what the price should be it would never move. Embrace the debate.” $BTC
June 21, 2022, 3 p.m.
$BTC finally tags daily EMA 8 underside
June 21, 2022, 2:56 p.m.
I will go long when you give up $BTC
June 21, 2022, 12:26 p.m.
$BTC big spot with 8EMA trying to cross 34EMA on 4H
June 21, 2022, 11:56 a.m.
Everyone has a plan until $BTC hits you in the face
June 21, 2022, 12:58 a.m.
Big daily/weekly close coming up $BTC
June 19, 2022, 11:08 p.m.
$BTC some LTF relief let’s see if there is enough strength for a 20k underside tag
June 18, 2022, 9:26 p.m.
Fear and panic are accelerating which is what we need to bottom out $BTC
June 18, 2022, 8:49 p.m.
$BTC now below 18k https://t.co/Yx7zP542Y5
June 18, 2022, 8:08 p.m.
Prop bid 18k $BTC
June 18, 2022, 7:14 p.m.
Strong contender for runner up to RSI for costing people money would be trading based off the fear/greed index $BTC
June 18, 2022, 6:44 p.m.
More baptism by fire for the newer market participants $BTC
June 18, 2022, 6:12 p.m.
$BTC game plan from April - my strategy unless things change
June 18, 2022, 4:10 p.m.
$BTC every dark tunnel has a light of hope
June 18, 2022, 3:55 p.m.
$BTC Getting there. Stick to the plan
June 18, 2022, 3:39 p.m.
6 months ago you said you would have begged borrowed and stolen for these prices $BTC
June 18, 2022, 9:26 a.m.
What’s next for $BTC one possibility part 2
June 18, 2022, 9:10 a.m.
What’s next? One possibility $BTC
June 18, 2022, 9:03 a.m.
If we can recapture 20k shortly go long with full size $BTC
June 18, 2022, 8:56 a.m.
Now it begins $BTC $ETH
June 18, 2022, 8:52 a.m.
$BTC notable 🚨 Breaks 20k first time since December 2020
June 18, 2022, 8:43 a.m.
$BTC 19k
June 18, 2022, 8:42 a.m.
$BTC 4H now pressing lower BB and range lows https://t.co/NDY0XUBkqc
June 16, 2022, 11:29 p.m.
Spaces with @BigChonis $BTC https://t.co/Kw2rWPdVCD
June 16, 2022, 11:06 p.m.
You better figure out quickly if you are trading or investing here $BTC
June 16, 2022, 10:47 p.m.
$BTC daily nice lower tail
June 15, 2022, 10:05 p.m.
$BTC 1H lower to upper BB move
June 15, 2022, 7:37 p.m.
$BTC 4H outside https://t.co/yMHCE3ZR01
June 15, 2022, 6:45 p.m.
$BTC Visual (Orange line) https://t.co/SiYwQ0i0l7
June 15, 2022, 6:24 p.m.
$BTC has never closed below monthly MA 50
June 15, 2022, 6:11 p.m.
$BTC monthly lower BB is at $18655 currently
June 15, 2022, 6:08 p.m.
$BTC bounce faded, out for a small profit. Back to watching
June 15, 2022, 4:41 p.m.
$BTC good lesson for those who like to buy as soon as the RSI becomes “oversold”
June 15, 2022, 4:24 p.m.
Trading Wisdom FREE version 🔥🔥🔥 🧑‍🎓 8 https://t.co/1BoH80vybd 9 https://t.co/5RmKob6Yne 10 https://t.co/1RAXOkC4xN 11 https://t.co/UB1fZ37rTg 12 https://t.co/HSaRnJRMen 13 https://t.co/1eGUPbL0wd 14 https://t.co/xVWM4g8AF8 15 https://t.co/WQRCpUNiau Enjoy! $BTC
June 15, 2022, 2:21 p.m.
Just dropped lesson 15 in video format. Check it out! Topic - Stick with what works https://t.co/WQRCpUNiau 🔥🔥🔥 (Free version of my book) $BTC
June 15, 2022, 2:21 p.m.
$BTC stop loss now in profit let’s see if we can finally break 4H EMA 8 Initial target 22.7k
June 15, 2022, 1:31 p.m.
Imo if we bounce here people will complain $BTC Watch for it
June 15, 2022, 12:46 p.m.
$BTC 1H note the volume trend break corresponding with 20k tap
June 15, 2022, 11:45 a.m.
Trying long with invalidation below 20k Asymmetric $BTC
June 15, 2022, 11:28 a.m.
Read replies to my tweet from a month ago and drill this one into your memory banks for the next time folks $BTC
June 15, 2022, 11:11 a.m.
$BTC hits $20079 let’s see what happens next
June 15, 2022, 11 a.m.
$BTC 20.5k fresh local lows
June 15, 2022, 10:52 a.m.
You are not going to miss the bottom You’ll know it when you see it. This ain’t it $BTC
June 15, 2022, 4:05 a.m.
Were you here when $BTC was below 20k?
June 15, 2022, 2:33 a.m.
$BTC LTF moving averages starting to flatten out
June 15, 2022, 2:01 a.m.
Great lecture on market mechanics by @CryptoCred $BTC https://t.co/0ZFaA3Qa6s
June 14, 2022, 12:30 a.m.
$BTC daily nearly a pure red Marubozu
June 14, 2022, 12:04 a.m.
$BTC breaks below 22k For context - Weekly lower BB currently sits at $25239
June 13, 2022, 11:33 p.m.
Sub 20k is when we find out if these HODLers have diamond hands or not $BTC
June 13, 2022, 11:08 p.m.
$BTC notable - Tags weekly MA 200 for the first time since March 2020 đź‘€ https://t.co/Ni520jDhJs
June 13, 2022, 11:05 p.m.
Absent context the WMA 200 is a logical spot to start to DCA but the fact that we got here without volume, volatility and capitulation makes it much less likely to hold $BTC $ETH
June 13, 2022, 10:28 p.m.
Clean TA showing why 12-14k $BTC is logical
June 13, 2022, 8:11 p.m.
$BTC weekly MA 200 support identified https://t.co/PQ5Ph14qIg
June 13, 2022, 7:46 p.m.
Nice list of who to follow for strong TA many other good ones as well, this is non-inclusive $BTC
June 13, 2022, 5:10 p.m.
$BTC tagging 1H MA 20 4H EMA 8 sits at around 25k https://t.co/knlua1OmmN
June 13, 2022, 4:11 p.m.
Cheat sheet: ✍️ No volatility no bottom $BTC
June 13, 2022, 4:01 p.m.
$BTC
June 13, 2022, 3:41 p.m.
Can't tell you how many times I've seen this. No hard feelings if you still hate me. $BTC https://t.co/KqiiMNq7Xq
June 13, 2022, 3:22 p.m.
The key is to combine TA with sentiment analysis $BTC
June 13, 2022, 3 p.m.
"No way to see this coming" -Billy who bought his first crypto in May of 2021 $BTC
June 13, 2022, 2:52 p.m.
$BTC breaks 23k and is now within sniffing distance of weekly MA 200 circa 22.5k
June 13, 2022, 2:47 p.m.
When the trend is clear don't fight it $BTC $ETH
June 13, 2022, 2:32 p.m.
Having to pay $800 for the pleasure of getting liquidated What a brutal space $BTC
June 13, 2022, 2:23 p.m.
$BTC so weak not even a minor relief rally yet
June 13, 2022, 2:13 p.m.
Trust but verify. Define your risk before it defines you $BTC
June 13, 2022, 1:29 p.m.
For fun here is a clip from my March 6th market report for Bitcoin Live students where I first discussed my 12k $BTC thesis https://t.co/ZjngdmCKnv
June 13, 2022, 12:43 p.m.
More gut feels from Cheds Starting to hear about Tether collapse coming "soon" IMO any Tether FUD will mark a short term bottom so if I see that I will look to open a long $BTC
June 13, 2022, 12:22 p.m.
$BTC here we go
June 13, 2022, 12:11 p.m.
“not financial advice”. $BTC Super yikes
June 13, 2022, 12:05 p.m.
$BTC should bottom about 50% lower - use that thought as a warm blanket
June 13, 2022, 11:24 a.m.
$BTC 20–24-12
June 13, 2022, 11:11 a.m.
$BTC breaks below 24k
June 13, 2022, 10:17 a.m.
Stopped overnight. No regrets $BTC
June 13, 2022, 10:16 a.m.
$BTC bulls have spring on W with lower low. We shall see if it holds
June 13, 2022, 4:14 a.m.
Moved stops to break even. Target 28k. Out of all shorts for now $BTC Going to bed
June 13, 2022, 4:12 a.m.
$BTC trying longs 25.6k
June 13, 2022, 3:40 a.m.
That sound you hear is all those trailing stop losses being moved to just above 25.5k $BTC
June 13, 2022, 3:17 a.m.
Do not let your losses define you. Let how you recover from them, learn from them and succeed despite them define you. $BTC
June 13, 2022, 3:07 a.m.
$BTC pressing 25k after breaking May 12th low Can bulls force spring? https://t.co/D1S44tgxJK
June 13, 2022, 3:05 a.m.
$BTC starting to press May 12th low circa 25.5k area đź‘€
June 13, 2022, 1:58 a.m.
About a day early but the daily BB was true $BTC
June 13, 2022, 1:48 a.m.
There is no single indicator that costs people more money than RSI - most everyone uses it yet few do correctly $BTC
June 13, 2022, 1:32 a.m.
$BTC breaks 26k
June 13, 2022, 1:26 a.m.
$BTC lowest daily candle close since Dec 2020 https://t.co/QMMsDQuzUY
June 12, 2022, 12:01 a.m.
https://t.co/7iqeSS3zjZ Live in 90 minutes give or take, for the last live stream for a while $BTC
June 11, 2022, 11:29 p.m.
Peter Schiff is no longer a bottom signal. Has not been for a long long time. I think he wishes he still was because is secretly long. $BTC
June 11, 2022, 7 p.m.
$BTC $ETH Pretty much agree
June 11, 2022, 6:54 p.m.
https://t.co/aVfQ33fWfb Replay from todays spaces $BTC market update and ask me anything. 2 hours of great questions and answers. Thank you so much to everyone who joined
June 11, 2022, 5:12 p.m.
Join me in my Space! #Bitcoin https://t.co/aVfQ33fWfb $BTC #Bitcoin market update and ask me anything. Join the convo!
June 11, 2022, 2:59 p.m.
Making the point that we need volume and volatility and a lot of market participants giving up before $BTC bottoms. I have been saying this for a long time
June 11, 2022, 1:35 p.m.
$BTC will bottom once you give up
June 11, 2022, 1:27 p.m.
$BTC 28.5k now pressing range lows on daily following EMA 34 rejection https://t.co/Ff7f5P7ehN
June 11, 2022, 1 p.m.
$BTC Going live shortly quick market update and questions from the chat room https://t.co/QuJmyuHVpV Might flex some new music tonight so you don't wanna miss it đź•ş
June 9, 2022, 11:59 p.m.
Max 1-2 more days in this range $BTC
June 9, 2022, 11:08 p.m.
Live stream in just over 2 hours $BTC https://t.co/g8JQAQwkUL
June 9, 2022, 9:57 p.m.
Replay of todays Spaces - $BTC market update and ask me anything segment - Guest speakers @BigChonis @FiboSwanny @CryptoCred Tons of free alpha. Please RT and share if you enjoyed! https://t.co/nTictYba1R
June 9, 2022, 6:44 p.m.
$BTC No live streams or spaces today, I will be preparing for my Bitcoin Live update tonight for students. We have an amazing sale right now! https://t.co/I4M3Z5oFT9 Recent Youtube streams: https://t.co/Gk2SQDhL2U https://t.co/h17LfycFxq Recent Spaces: https://t.co/vWKjNtY1f8 https://t.co/djGa2j4S0y
June 8, 2022, 3:07 p.m.
$BTC 1H update - now pushing back towards lower BB and 30k “support” https://t.co/4G29aVhPZd
June 8, 2022, 12:34 p.m.
Major fail by me here is the link to the spaces $BTC https://t.co/vWKjNtY1f8
June 8, 2022, 1:33 a.m.
$BTC Replay of Tuesday Youtube livestream available:đź‘€ We keep it real around here đź‘Š https://t.co/FeehwXX9vH https://t.co/RQRW1bWUiz
June 8, 2022, 12:53 a.m.
$BTC Replay available 👀🧑‍🎓 https://t.co/qAbW7ojusU Please RT and share if you liked it 🙏
June 7, 2022, 12:22 a.m.
New video for $BTC #Bitcoin Live students 🧑‍🎓 "Cryptocurrency Market Update - June 5th 2022" $BTC $LTC $ETH $ADA $BNB $LINK $DOT $LUNA $SOL $MATIC $KNC $KCS $MANA $SAND $SCRT $AVAX $ATOM $KNC $FTM $NEAR Member link https://t.co/MEYwArKEjD Why join? https://t.co/EFZXYjsEuJ
June 6, 2022, 12:22 a.m.
New video for $BTC #Bitcoin Live students 🧑‍🎓 "Cryptocurrency Market Update - June 5th 2022" $BTC $LTC $ETH $ADA $BNB $LINK $DOT $LUNA $SOL $MATIC $KNC $KCS $MANA $SAND $SCRT $AVAX $ATOM $KNC $FTM $NEAR Member link https://t.co/MEYwArKEjD Why join? https://t.co/EFZXYjsEuJ
June 6, 2022, 12:22 a.m.
Hanging man and Inverted hammer are the two most commonly mis-used Japanese candlesticks signals Hanging man is actually bullish Inverted hammer is actually bearish $BTC https://t.co/KUMbzpNIqP
June 4, 2022, 10:05 p.m.
$BTC reminder
June 4, 2022, 9:07 p.m.
$BTC there is the “red” doji with 2.5 days to candle close https://t.co/yHq2hqOwHj
June 3, 2022, 2:45 p.m.
$BTC 1H bands pinching
June 2, 2022, 12:52 p.m.
$BTC pretty solid R/R for shorts here with nearby invalidation
June 1, 2022, 12:21 a.m.
$BTC flashback
May 31, 2022, 11:06 p.m.
Reply guys: Go back and look at how important the daily EMA 34 has been since we topped off in November 2021 $BTC
May 31, 2022, 11:01 p.m.
$BTC approaching decision time on 4H EMA 8 vs MA 200 https://t.co/jdVblu4rcw
May 31, 2022, 10:15 p.m.
$BTC watch us reject here and close the week around 29.2k to form another “red” doji weekly candle
May 31, 2022, 9:53 p.m.
$BTC 4H tags MA 200. First time since Apr 10th
May 31, 2022, 6:20 p.m.
$BTC has not closed above daily EMA 34 since Apr 5th - Continue to monitor that
May 31, 2022, 12:17 p.m.
$BTC 4H watch EMA 8 and MA 200
May 31, 2022, 2 a.m.
$BTC completes 5th red week in a row. Apr 18th doji (neutral session) reset the count. Yes I meant 5 not 9
May 30, 2022, 12:21 a.m.
$BTC completes 5th red week in a row
May 30, 2022, 12:14 a.m.
$BTC tags weekly MA 200 in June
May 29, 2022, 9:43 p.m.
$BTC looks set to complete its 5th red week in a row
May 29, 2022, 11:56 a.m.
About Bitcoin
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
Who Are the Founders of Bitcoin?Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown.
On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.”
Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time.
However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.
Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.
What Makes Bitcoin Unique?Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.
It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.
The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.
Related Pages:Looking for market and blockchain data for BTC? Visit our block explorer.
Want to buy Bitcoin? Use CoinMarketCap’s guide.
Want to keep track of Bitcoin prices live? Download the CoinMarketCap mobile app!
Want to convert Bitcoin price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.
Should you buy Bitcoin with PayPal?
Will Bitcoin volatility ever reduce?
How Much Bitcoin Is in Circulation?Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations.
As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain. At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins.
Bitcoin has not been premined, meaning that no coins have been mined and/or distributed between the founders before it became available to the public. However, during the first few years of BTC’s existence, the competition between miners was relatively low, allowing the earliest network participants to accumulate significant amounts of coins via regular mining: Satoshi Nakamoto alone is believed to own over a million Bitcoin.
Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin. While the process of mining Bitcoins is complex, we discuss how long it takes to mine one Bitcoin on CoinMarketCap Alexandria — as we wrote above, mining Bitcoin is best understood as how long it takes to mine one block, as opposed to one Bitcoin. As of mid-September 2021, the Bitcoin mining reward is capped to 6.25 BTC after the 2020 halving, which is roughly $299,200 in Bitcoin price today.
How Is the Bitcoin Network Secured?Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies.
What Is Bitcoin’s Role as a Store of Value?Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units.
The smallest units of Bitcoin, 0.00000001 BTC, are called Satoshis (or Sats in short), in a nod to the pseudonymous creator. At Bitcoin price now, 1 Satoshi is equivalent to roughly $0.00048.
The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold.
Crypto WalletsThe most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets. Hot wallets are able to be connected to the web, while cold wallets are used for keeping large amounts of coins outside of the internet.
Some of the top crypto cold wallets are Trezor, Ledger and CoolBitX. Some of the top crypto hot wallets include Exodus, Electrum and Mycelium.
Still not sure of which wallet to use? Check out CoinMarketCap Alexandria’s guide on the top cold wallets of 2021 and top hot wallets of 2021.
How Is Bitcoin’s Technology Upgraded?A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade. For example, if users A and B are disagreeing on whether an incoming transaction is valid, a hard fork could make the transaction valid to users A and B, but not to user C.
A hard fork is a protocol upgrade that is not backward compatible. This means every node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) needs to upgrade before the new blockchain with the hard fork activates and rejects any blocks or transactions from the old blockchain. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients.
A soft fork is a change to the Bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a soft fork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules.
Some examples of prominent cryptocurrencies that have undergone hard forks are the following: Bitcoin’s hard fork that resulted in Bitcoin Cash, Ethereum’s hard fork that resulted in Ethereum Classic.
Bitcoin Cash has been hard forked since its original forking, with the creation of Bitcoin SV. Read more about the difference between Bitcoin, Bitcoin Cash and Bitcoin SV here.
What Is Taproot?Taproot is a soft fork that bundles together BIP 340, 341 and 342 and aims to improve the scalability, efficiency, and privacy of the blockchain by introducing several new features.
The two major changes are the introduction of the Merkelized Abstract Syntax Tree (MAST) and Schnorr Signature. MAST introduces a condition allowing the sender and recipient of a transaction to sign off on its settlement together. Schnorr Signature allows users to aggregate several signatures into one for a single transaction. This results in multi-signature transactions looking the same as regular transactions or more complex ones. By introducing this new address type, users can also save on transaction fees, as even complex transactions look like simple, single-signature ones.
Although HODLers will probably not notice a big impact, Taproot could become a key milestone to equipping the network with smart contract functionality. In particular, Schnorr Signatures would lay the foundation for more complex applications to be built on top of the existing blockchain, as users start switching to Taproot addresses primarily. If adopted by users, Taproot could, in the long run, result in the network developing its own DeFi ecosystem that rivals those on alternative blockchains like Ethereum.
What Is the Lightning Network?The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer with instant reconciliation. It enables private, high volume and trustless transactions between any two parties. The Lightning Network scales transaction capacity without incurring the costs associated with transactions and interventions on the underlying blockchain.
How Much Is Bitcoin?The current valuation of Bitcoin is constantly moving, all day every day. It is a truly global asset. From a start of under one cent per coin, BTC has risen in price by thousands of percent to the numbers you see above. The prices of all cryptocurrencies are quite volatile, meaning that anyone’s understanding of how much Bitcoin is will change by the minute. However, there are times when different countries and exchanges show different prices and understanding how much Bitcoin is will be a function of a person’s location.
Where Can You Buy Bitcoin (BTC)?Bitcoin is, in many regards, almost synonymous with cryptocurrency, which means that you can buy Bitcoin on virtually every crypto exchange — both for fiat money and other cryptocurrencies. Some of the main markets where BTC trading is available are:
Binance Coinbase Pro OKEx Kraken Huobi Global BitfinexIf you are new to crypto, use CoinMarketCap’s own educational portal — Alexandria — to learn how to start buying Bitcoin and other cryptocurrencies.
To check Bitcoin price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Bitcoin currency page.
Latest News On Bitcoin
Bitcoin falls below $19,000 again as pressure mounts on crypto firms - CNBC
Bitcoin falls below $19,000 again as pressure mounts on crypto firms CNBCAfter a Short Rally, Bitcoin and Ethereum Prices Plummet. Here’s What Comes Next, According to These Experts NextAdvisorBitcoin price drops 3% to ten-day lows as Ethereum inches closer to $1K CointelegraphBitcoin Dips Below $20,000 as Crypto Market Pressure Intensifies DecryptBitcoin price crash: Why the crypto's value is down today, how much it's worth and if it will recover iNewsView Full Coverage on Google News
Thu, 30 Jun 2022 10:26:32 GMTBitcoin dips below $19K as crypto fund Three Arrows implodes - New York Post
Bitcoin dips below $19K as crypto fund Three Arrows implodes New York Post Crypto crisis: how digital currencies went from boom to collapse The GuardianWhy This Crypto Crash Is Different CoinDeskCryptocurrency Bear Market: This Bitcoin Crash Is Different From the Past BloombergView Full Coverage on Google News
Thu, 30 Jun 2022 13:49:00 GMTBitcoin on track for its worst quarter in more than a decade - CNBC
Bitcoin on track for its worst quarter in more than a decade CNBC
Thu, 30 Jun 2022 14:05:25 GMTThe SEC’s Chair Makes Game-Changing Crypto Statement As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano And Dogecoin Turn Mixed - Forbes
The SEC’s Chair Makes Game-Changing Crypto Statement As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano And Dogecoin Turn Mixed Forbes
Wed, 29 Jun 2022 11:35:28 GMTSaylor’s MicroStrategy Bought Another $10 Million In Bitcoin As Crypto Markets Lost $900 Billion In Value - Forbes
Saylor’s MicroStrategy Bought Another $10 Million In Bitcoin As Crypto Markets Lost $900 Billion In Value Forbes
Wed, 29 Jun 2022 14:49:44 GMTRisk of 'Significant Drawdowns' Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum – Bitcoin News - Bitcoin News
Risk of 'Significant Drawdowns' Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum – Bitcoin News Bitcoin News
Thu, 30 Jun 2022 08:37:57 GMTBitcoin Nears USD 19K, Ethereum Tests USD 1000 as 'Final Washout' in Cards Before Rebound - Cryptonews
Bitcoin Nears USD 19K, Ethereum Tests USD 1000 as 'Final Washout' in Cards Before Rebound Cryptonews
Thu, 30 Jun 2022 11:30:00 GMTCrypto Price Today: Meme coins trade in the green; Solana, Polkadot shed up to 8% - Economic Times
Crypto Price Today: Meme coins trade in the green; Solana, Polkadot shed up to 8% Economic Times
Thu, 30 Jun 2022 03:52:00 GMTBitcoin hovers at $20,000, Fundstrat warns of washout, and Three Arrows to liquidate - CNBC
Bitcoin hovers at $20,000, Fundstrat warns of washout, and Three Arrows to liquidate CNBC
Wed, 29 Jun 2022 19:00:00 GMTBanks' Bitcoin Holdings Should Be Capped, Basel Committee Proposes - CoinDesk
Banks' Bitcoin Holdings Should Be Capped, Basel Committee Proposes CoinDesk
Thu, 30 Jun 2022 10:56:00 GMT