Microcash is a new form of cryptographic currency, currently under development. Bitcoin has been a genius proof-of-concept and proof-of-adoption digital commodity. The Microcash project hopes to vastly improve upon the distributed cryptographic currency idea with numerous innovations that current crypto-currencies cannot implement due to the nature of the bitcoin protocol.
65 Percent Crypto Twitter is Holding Bitcoin - Plan B Twitter Poll
Let’s get to the point.!
What does this Report mean?
A Dutch institutional investor, named ‘Plan B’ on Twitter ran a poll to know how people are viewing Bitcoin, the decade-old cryptocurrency. The poll had four options ‘Holding bitcoin, buying Bitcoin, selling bitcoin, and not having a BTC position.
Plan B on his Twitter account has over 116K followers. While most of the tweets are advocating Bitcoin, it's quite surprising to see that around 12 percent of them don’t even have a BTC position. However, Plan B didn’t comment on this, rather he elaborated his concern over buying and selling ratio and added;
“Buying to selling ratio = 4:1 .. should result in higher prices, but sellers are obviously not among my followers… Sellers indicate they are trading or selling bitcoin to buy altcoins to get more BTC.”
Bitcoin on July 13, 2020, is quietly surging by 0.03 percent with the trading value counting at $9274 against USD. The total market capitalization of Bitcoin is currently valuing at around $170 Billion. Considering the buzz of ‘alt-season 2020’ spread across the web, what’s your take on the next move of Bitcoin? Let us know in the comment below.
I got into an argument with someone over Bitcoin. They kept coming back to the question "What is the value of Bitcoin right now?" I kept saying, it's $8.7k right now. They just kept saying but what's real value? I just explained that the price of Bitcoin is what the market says it is, to which he says then it has no real value.... I just continue that this is something no one has seen or traded before which is why it's difficult to wrap your mind around how the value should work. With someone like this I have become a bit frustrated because it was a lot of telling me I am making a mistake and if you are using words like Decentralized and something never seen before it must be a scam... Any additional input about the current value of Bitcoin and how that could relate to someone who trades in the stock market. Just looking general discussion.
Hi, I'm looking to buy some bitcoin puts, and saw that Deribit only transacts in bitcoin, not fiat. Since the put options are in dollar amounts, I can only assume what happens is if the put option expires in the money, then the difference between the strike and mark price is paid using whatever the current value of bitcoin is. For example, if you have a put option for 5k put, and the option expires when markprice of bitcoin is 4k, then you get .25 bitcoin. And looking at the margin requirements for a short put from https://www.deribit.com/pages/docs/options, Maximum (Maximum (0.15 - Out of the Money Amount/Underlying MarkPrice, 0.1 )+ markprice_option, Maintenance Margin), I can only imagine what happens if someone no longer has enough margin to underwrite their put, then they get margin called and the put contract expires and then the holder of the option would get whatever is margin called. However, what would happen in the event of a sudden crash? Because you're using bitcoin to settle, as the price of bitcoin goes down, you'd need nonlinearly more bitcoin to settle as the price drops, as you'd need at least abs(markprice - strike_price) / markprice to underwrite the shorts. For example, given a strike price of 3k, if bitcoin is worth 2k, you'd need .5x margin for every contract ((2000 - 3000) / 2000) == .5. Then at a markprice of 1k, you'd need 2x margin, and at 500, you'd need 5x margin. I'm going to assume no one on Deribit has a margin balance of 5x bitcoin for every put option that they overwrite. Given this math, in the event of a bitcoin crash from 5k to 500 dollars, if I'm holding put options for 3k, is it safe to assume that along the drop the sellers of my put options would get margin called and I would get their bitcoin as the price dropped, but then at the every end, I would just be holding a bunch of now very cheap bitcoin?
I invested some money on Ethereum and my ledger live changes the "reseved amount" to the current value. reseved bitcoin always show the amount of money at that specific moment i reseved them how can i change that?
12-05 05:02 - '[quote] A track record where for 90% of that period it’s value was less than 1% of it’s current price. Also a huge amount of scams and unrecoverable coins in that time. In those 10yrs it still has zero mainstream uses. Wow great...' by /u/wballz removed from /r/Bitcoin within 57-67min
10yr track record
A track record where for 90% of that period it’s value was less than 1% of it’s current price. Also a huge amount of scams and unrecoverable coins in that time. In those 10yrs it still has zero mainstream uses. Wow great track record.
I’ll take my bank’s security every day of the week compared to an exchange. Id also happily take a safe compared to cold storage wallet. Fact you can be scammed with no method of recourse means it’s much less secure or safe than fiat.
Stable & growing protocol stack
Lol and? actually changes in the underlying tech is a bad thing for reserve asset. Things should be stable, reliable, predictable. Bitcoin is none of that.
Lol adoption is basically non existent. You call adoption when 1% of institutions hold BTC? 0.1% or 0.01% or 0.001%? Doesn’t really matter as there is almost zero adoption in 10 years.
High & improving privacy
Not private at all. the chain is public i can view account holdings and transactions. Last thing i want is other people knowing what transactions i’m doing.
not really, the distribution is so inequal you dont actually know who the biggest holders are and what their political aims are. Maybe Rupert Murdoch has one of the biggest holdings.
While destroying a country’s sovereignty and it’s ability to run an economy.
Virtuous liquidity cycle
This means nothing. It can actually be very bad, he is basically saying that much of what drives activity on the chain is just people reacting to movement. Eg. Bull run of buyers, more people buy. But bear run of sellers and loads of people sell. In fact this year it’s been on the sell side. Again this is not actually a good thing for reserve, the last thing you want with reserve asset is big swings one way or the other. Edit: lol I love this subreddit. Keep downvoting me without actually arguing any of the points listed. It’s the same in every thread, coiners unable to actually describe any world where crypto works. Would just rather yell FUD and hope there are still gainzzz on the way, it’s amazing feel like I’m in /the_donald with the amount of circle jerking going on. ''' Context Link Go1dfish undelete link unreddit undelete link Author: wballz
Bitcoin mentioned around Reddit: The power of Long Term Investing: $1,100 stored in a piece of furniture in 1936; if it was invested in an Index Fund, it’d have a current value of around $650,000. /r/investing
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