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Bitcoin Whale Alert: 20157 BTC transferred to Bitfinex

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In the last 24 hours, more than 20,000 Bitcoin was transferred to Bitfinex Exchange from different wallets in large transactions. The details are as follows

Bitcoin price seems to be stable above $3300 from the past couple of days amidst the crypto winters. The momentum is however quite bearish as a major bear attack is being predicted if bitcoin breaks the key support at $3000. The price will likely fall towards $2500 range and then to $2000 if the current support is broken. Also, the resistance around $3500 to $3600 is proving to be quite strong to let the price move above this range. The selling pressure is too much for the bulls to take action. In the midst of the bear market, large bitcoin whales are waiting for the right time to sell their holdings in order to avoid further losses and gain profits when the price slides down.
In the last 24 hours, more than 20,000 Bitcoin was transferred to Bitfinex Exchange from different wallets in large transactions. The details of the transactions are as follows:

Transaction 1: 1772 BTC

https://www.blockchain.com/btc/tx/861ae14208b9ab0722211f49e1b2d9b4ec3e400db803f8195dd726f5982515b7

 

Transaction 2: 1846 BTC

https://www.blockchain.com/btc/tx/60196f0357f1736c4e088dd4e4a90685e163a30e6d9fad390555b86207d5d108

 

Transaction 3: 1964 BTC

https://www.blockchain.com/btc/tx/e44697c3873cafcf13b41758f46e12e8e45ab1eaff20efb37b68ec9ae8f9fce4

 

Transaction 4: 1875 BTC

https://www.blockchain.com/btc/tx/b0b31c71f2d2b721ac3dbc39787bdd355eb2628fd3a64f5cd785531434fb6f63

 

Transaction 5: 1899 BTC

https://www.blockchain.com/btc/tx/7f39f7bbd46f499083f73857f42ab33ca0c41e8e584f01c12964cccde20b1b84

 

Transaction 6: 1952 BTC

https://www.blockchain.com/btc/tx/1c0f469324a6dbfcff85739aa755d75bebf3abd8b680299d98a6793135fb862d

 

Transaction 7: 1954 BTC

https://www.blockchain.com/btc/tx/433bad4bcbabf7831f50ef6d9e6a54637656119031d9a1fe783f563207d6834d

 

Transaction 8: 1757 BTC

https://www.blockchain.com/btc/tx/3a6f656cbe08c7f0b2f2caa605f213cadd4a0d296b5afc428ffb233717bb7775

 

Transaction 9: 1726 BTC

https://www.blockchain.com/btc/tx/900043dc880fa94cf30639a8e3075f388e9c670e07b3a36933b0880cb0b4633a

 

Transaction 10:  1722 BTC

https://www.blockchain.com/btc/tx/82730a6e76919a331812ffd908ec0600d44ef8014bd4e3774d80f9afc7c65cb2

 

Transaction 11:  1692 BTC

https://www.blockchain.com/btc/tx/4fb4b1b5302330f1f57a7f20e88db0024da5f38dcde7be4f1760917c861afcca

 

The cryptocurrency market is still under the control of bears and the downward slide is still continuing. The total market capitalization struggling to maintain its position above $110 billion. Analysts are predicting the bear market to go on for months which could prove to be hazardous for the price of bitcoin. Bitcoin may even fall below the $2000 range as predicted by some analyst. However, if you are a trader or an investor, you should do you own research and analysis before investing or trading in any digital assets such as bitcoin.

The following article is not a financial advice. You are advised to do proper research before making any investment decisions in the cryptocurrency market.

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Is Bitcoin Mining still Profitable?

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Heres a guide to bitcoin and bitcoin mining in2019 and of course the very important question, is bitcoin mining still worth it?

The word bitcoin has been around a lot lately, and you have probably been wondering about it. You have probably also head about bitcoin mining.

 

Heres a guide to bitcoin and bitcoin mining in2019 and of course the very important question, is bitcoin mining still worth it?

Satoshi Nakamoto invented bitcoin as a peer-to-peer electronic cash system. The early days of bitcoin were exploited by the technically informed often garnering outrageous profits. Mining bitcoins was easier then and could be done by a single individual in her bedroom. Now the industry has exploded from a few individuals to a high-level venture; mining bitcoins requires specialized, expensive, machinery.

 

Here are a few basic definitions.

Block -A group of Bitcoin transactions. They are chosen from the mempool (the list of all currently pending transactions) and recorded by a miner into the ever-growing record of blocks known as “the blockchain.”

Hash – to mine bitcoins miners have to solve a cryptographic puzzle. This needs computational power and miners are rewarded freshly-mined bitcoins.

Hashrate – This is a measure of computational power. With an increase in hashrate, it would seem that more and more bitcoins can be mined, but the difficulty is set such that a block is found roughly every 10 minutes.

 

Now let’s calculate the profit gained by an American solo miner.

This explains that an average American would make$1348 a year provided bitcoin price is around $1150 and difficulty and hash rate remain constant. But this is not a likely scenario. Bitcoins difficulty and hashrate have been increasing since the early years. In conclusion, the average miner working solo would find it difficult to mine bitcoins unless he has easy access to cheap electricity.

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Gold Investing: Top 5 Ways to Invest in Gold and Why you Should do it?

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Gold is a traditional method of investment. People have been investing in gold since long. But before any investment, we should know the benefits of it.

Gold is a traditional method of investment. People have been investing in gold since long. But before any investment, we should know the benefits of the investment. Let’s understand why we should invest in gold.

Investment of money in gold is worth it because it is a way to think against inflation. The price of gold is found to be increasing now and then. Investing in gold for one more very valid reason is good. This is seen that gold is inversely correlated to equity investments. The gold has performed better than equity markets. Therefore, having gold as an investment is a good option. 

 

1. Buying Jewelry:

It is a traditional method of gold investment. People purchase gold ornaments. It has a disadvantage that the total buying cost includes making charges which vary in the market.

 

2. Purchasing Gold Coins and Bars:

 

Investment in gold coins and bars is also a better option over jewel buying. Gold coins and bars are available in jewelry shop as well as in banks. Jewelers can purchase them back but the bank cannot.

 

 

3. The Gold Exchange Traded Fund (ETF):

It is a type of mutual fund which in turn invests in gold and the units of this mutual fund scheme is listed in the stock exchange. One needs to buy Gold ETFs (like Bitcoin ETF) from the stock exchange by way of opening a demat account and trading account. One has to pay brokerage fee for buying and selling of these Gold ETFs. The further payment of 0.5 to 1 % charges as fund management charges is also required.

 

4. Gold Fund of Funds:

The Gold Fund is a Fund of Fund which will invest in Gold ETFs on behalf of the one who wants to spend. The best part in this is that one does not require holding any demat account here. It is just like investing in other mutual fund schemes. Since this is like any different mutual fund scheme, SIP investment in gold is possible through these gold funds. Still buying a Gold fund of the fund is a little expensive option, as one has to pay Annual management charges for the underlying Gold ETF and Annual management charges of Gold FOF Scheme.

 

5. Equity-based Gold Funds:

This is an indirect method of investing in gold. It means that the funds are not being spent in Gold but invested in the companies, which are related to the mining, extracting and marketing of the Gold. Besides everything, its performance is entirely dependent upon the return of the fund house and the equities they are investing. Investment in these funds is suitable for investors with high-risk appetite. Since these are equity-based funds, equity risk is always there.

 

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2019 Cryptocurrency Prediction: What could one expect from bitcoin?

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Various factors related to are changing and these factors are promising a positive impact on the cryptocurrency and bitcoin market in the upcoming year.

The crypto industry performed nothing less than wonder in 2017. But, 2018 proved to be a troubling one for the industry of cryptocurrency. Its market faced a severe value down in the year. Numerous of the cryptocurrencies went down around a loss of 75%! Several points could be blamed for this conditions like the change in regulations, short-sight view regarding cryptocurrencies etc. Undoubtedly it would be early to conclude the ending of the crypto market after just one year of loss.

 

Expectations in 2019:

Even though the presence of all the losses in this industry lead few to doubt about the future promises of cryptocurrencies, the upcoming year is surely going to be one of the trends changing and up heading year for the industry of blockchain. Various factors related to are changing and these factors are promising a positive impact on the market in the upcoming year. So, let’s have a glance at the future predictions of cryptocurrency having a positive impact in 2019:

 

The accelerated trend of Blockchain:  

Blockchain stocks didn’t appear to be doing well last year, The reason was the low interest of companies towards it. But by the end of the year, the situation has changed dramatically. Nowadays, most of the companies are spending a huge amount of money on blockchain initiatives, also, the amount and trend are continuously increasing. According to a survey conducted by PwC, just only in 2019, the demand related to blockchain services is expected to be around $1.7 billion and by 2022, it could reach to around $12 billion! These surveys clearly exhibit the pace at which the blockchain is going to accelerate in the coming year.

 

The rise of Ripple as newly trusted cryptocurrency:

Ripple and its XRP token have been emerging as the most trusted cryptocurrency at a very fast pace. Due to its ‘low-risk high reward’, it is on its way to becoming the new bitcoin in the future. Most of the organizations having a huge amount of monetary investments are now leaning towards Ripple & its XRP tokens. Undoubtedly, we can see Ripple reaching a price forecast of $20 in the upcoming year provided the normal factors affecting the same like its improving technical solutions, the flow of money of various organizations into its tokens etc. are not drastically affected.

 

Entry of institutional money into cryptocurrencies:

If the normal trends of the crypto market continue, institutional money will finally enter into cryptocurrency in this year. The sign of entrance of this money in the market began to be felt in the last months of 2018 and surely in 2019, this will take place. Various kind of cryptocurrency investment platform for institutional money is already present in the market whereas a huge number of such platforms are under development with additional features. Institutions seem to be more interested in cryptocurrencies rather than the retailers. However, they were not having a sufficient amount of efficient investments platforms to perform. The existing tools were not so much good to meet their security expectations. While 2019 has already given birth to a lot of such platforms, the share of institutional money in the crypto industry is surely going to a huge. The no. of transactions in the crypto market is increasing considerably. The capable software developers are providing easier and secure platforms for these transactions. These signs altogether indicate that 2019 could be that year of entry of institutional money into the market and would ignite the down valued loss of the crypto industry that it faced in 2018.

 

Bitcoin- future in 2019:

Bitcoin suffered the most last year. It went down to almost 75% of what it had during December 2017. Now in 2019, people must note down that several things have changed rapidly in cryptocurrencies. The rivals of bitcoins have emerged, the market has changed, technology for security has evolved, and most important for the very first time after the rising of bitcoin, the crypto industry trade is not limited to just one side rather has become trade from both sides. These points ensure that those days are gone when you expect bitcoin to be 10x profitable. However, still in 2019, bitcoin will remain the leading cryptocurrency. It will still hold the majority of investors participating in the crypto market.

 

The emergence of feasible platforms:

A lot of new and feasible platforms designed for the transaction of cryptocurrencies are scheduled in 2019. Zilliqa, which is capable of performing transactions around 3000 per second in a safer way; OmiseGo, aiming to create a decentralized exchange and scalable PoS blockchain etc are famous to be launched in 2019. Also, major companies like Volkswagen have tied up with crypto market organizations to produce some wonders and that to be scheduled in this year. It would not be wrong to say that these platforms and products would enhance the crypto industry and its interest among investors.

 

Conclusion:

Although the crypto industry suffered a lot in 2018, one could take the inspiration of struggling resilience, it depicted. Several things have changed now. New rules, regulations, platforms, and technologies have emerged. Even though their results on the crypto market might not be known with certainty, conditions seem to be in favor of the crypto market the upcoming year. Various factors like stakeholders, development, market inflations etc are still the most affecting ones. If the mentioned predictions go as thought, the crypto industry could repeat its wonder as it did two years back in 2017. In short notes, the cryptocurrencies’ future looks more secure and reliable in 2019!

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