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Is Satoshi Nakamoto an alien?

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When Bitcoin Alien visited earth in 2009

When Bitcoin Alien visited earth in 2009

Ever since the inception of Bitcoin in 2009, it has made waves in the digital currency world. People have gone crazy making huge investments in it and many reports have shown people becoming the owner a small fortune too. This first ever decentralized digital currency which was the original solution of the blockchain technology has become a favorite amongst many cryptocurrency investors. Even its hard forks like Bitcoin Cash and Bitcoin Gold, although not very widely accepted by people globally, are slowly becoming popular amongst everyone. However, the question that many people ask regarding Bitcoins is not about its technical front but about how the creator of Bitcoin is. In the whitepaper of Bitcoin, a certain Satoshi Nakamoto has been given the complete credit for the idea behind Bitcoin, its development and final inception into the commercial market. Till date it has been a mystery regarding the identity of Satoshi Nakamoto. No one knows if this is a single person, or a group of team of people who came together to introduce this new technology. No person or organisation has yet came forward to earn the credit for introducing this brilliant new innovation to the world. What many people wish to know is why would anyone go to such an extent to introduce to the world, a detailed decentralized and distributed system of peer to peer electronic cash transfer system, only to never come out in the open and receive any credit or appreciation for it?

 

Is Satoshi Nakamoto an Alien?

This leads many people to claim that Satoshi Nakamoto could really be an alien since no one has been able to locate him on the face of Earth. Could Bitcoins really be a product the aliens? Is it possible that aliens have introduced their own software into our internet infrastructure and are now planning to hack our planet via this platform? People are flabbergasted about this crazy new digital currency. It just happened, out of nowhere. No one saw it coming, and suddenly out of nowhere, Bitcoins were on the financial market ready to be used as a means of value exchange.

 

Is Bitcoin a fraud or a underworld product?

On one hand here humans have pegged Bitcoin as just a fraud by some underworld third party to get all our money, some have gone as far as to say that this could very well be the work of an alien. Some believe that the entire decentralized platform or software for Bitcoin was sent to Earth via a signal by some extra advanced alien civilization that lives light years away. They believe that it could be possible that our satellites picked up these signals and then this platform was introduced into our Internet infrastructure. Even so, while some claim that this is just a means of hacking our planet, some even believe that the aliens got to know about the corrupt financial practices going on on Earth and in an attempt to save us from the corrupt banks and rich multinational corporate, they sent us Bitcoin to liberate ourselves from the clutches of these malicious financial institutions. Seeing as to how it has already been 9 years since Bitcoin became operational and people started buying, selling, trading, making transactions and purchases, and yet the identity of its creator has not been revealed, there are very high chances that no one would ever know who exactly was behind this amazing creation. The people in power and sitting in high position chairs in financial institutions and companies do not know how to handle this digital wave. Surprisingly, it it these very people whose businesses would go into bankruptcy once a platform like Bitcoin is completely incorporated into all our systems who have been the most negative and critical towards it. They shame it publicly and label it as just a fraud.

 

Bitcoin’s extraterrestrial origins

There are several reasons by Bitcoin has convinced people that it has extraterrestrial origins. On top of being a 100% computer code, Bitcoin is also taking over the world at an alarmingly fast rate. The limited number of Bitcoins available i.e. 21 million has made it an even more attractive commodity to people and humans, in general, hate to lose out on something which is infinite. Finite resources like oil, water etc do not become attractive investment options to humans and they don’t really care much about them. Bitcoin’s value is increasing day by day.    

People believe that aliens had started keeping track of our Earth ever since a few 100 years back and now they have finally made their first step towards paving their way into our planet. In the present, almost everything runs on computers. From food supply to our information network, our businesses, our bank transactions, everything relies on computers and the Internet. Computers have a strong power over humanity and if aliens get hold of this power against us, they could do with us as they please.

However, this would also mean that if anyone is able to prove that Satoshi Nakamoto is actually an alien, our lifelong quest for actually getting a real answer about whether aliens exist or not would be answered too. This is would be one very big coincidence. What people are most worried about this theory is that how could an alien speak such perfect English since the original whitepaper of Bitcoin is a properly structured paper in English. One would never know until he really get some sort of hard core proof.

#Exchange

5th Largest Korean Cryptocurrency Exchange: Coinnest Shuts Down

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Coinnest which is one of the largest cryptocurrency exchanges in Korea made an announcement that it is going to shut down its operations in the midst of some financial, admin and legal problems.

 

Coinnest Shuts Down:

According to a recent publication by Coinnest, bitcoin exchange, the exchanges is shutting down its operations. Coinnest had earlier closed down its new account creation services on 16th April 2019.

 

According to the exchange, it is going to terminate the trading and deposit features at the end of this month. However, the users shall be able to withdraw their cryptocurrencies from the exchange until 30th June 2019.

 

coinnest-screenshot

website screenshot

 

Following the decision to shut down its operations, the exchange has made an announcement regarding the decrease of the minimum withdrawal amount as well the withdrawal fees. Coinnest warned the users that no user shall be able to withdraw their funds after 30th June 2019.

 

Last year, the CEO of the exchange, Kim Ik-hwan was arrested by the South Korean police for fraud and theft. Since then, the exchange had been facing a bad time. The CEO was found guilty by the court and was sentenced to prison along with a fine of $2.5 million.

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#Bitcoin Price Analysis

BTC to USD: Bitcoin Price Analysis, BTC going to rise?

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Bitcoin price is supported strongly around $5200. BTC is currently in a bullish momentum with the next aim of $5400 and $5500.

Technical Indicators:

Support Levels: $5200, $5150

Resistance Levels: $5350, $5400, $5500

 

Key Points:

  • Bitcoin price is currently trading well above $5200 support level.
  • BTC is gaining momentum and trying to move over the $5350 resistance zone.
  • A bullish pattern is being formed with support around $5200 on the hourly chart.
  • Bitcoin price is currently in a bullish momentum and might move towards $5400 and $5500 resistance levels soon.

 

Bitcoin Price Analysis:

Summary: Bitcoin price is supported strongly around $5200. BTC is currently in a bullish momentum with the next aim of $5400 and $5500.

 

This week, bitcoin price maintained a slow bullish pace after rising over $5100 level. BTC was able to maintain its position above $5100 and $5200 support levels after breaking through the major resistance around $5200. BTC was able to close over the 100 hourly SMA. After falling up to $5190, bitcoin price was able to recover sharply to over $5300.

 

Bitcoin price spiked up to $5365 before correcting downwards. The support around $5250 proved strong enough to stop further declines and BTC was able to maintain its position above the 100 hourly SMA. Also, a bullish pattern is being formed with support around $5200 on the hourly chart.

 

BTC will most probably experience some dips, however, it remains strong support around $5200. The current target for bitcoin is $5350 above which it might test $5400 and $5500 resistance levels.

 

BTCUSD Price Chart 20 April

BTCUSD Price Chart 20 April

 

The chart shows that bitcoin price is currently trading with a bullish force above the $5200 support level. Until BTC remains above this support, there are high chances of BTC testing the $5400 and $5500 resistance levels. However, if the support level is broken, Bitcoin might fall down to $5150 and $5100 supports.

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#Bitcoin

Donald Trump policies push Mexico to Bitcoin

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Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse.

Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse that remittance payments of Mexican migrants in the United States of America will potentially be the target of new restrictions essentially ending the possibility of Mexican migrant workers to be able to cheaply send money back home to their families.

 

Mexico adopting Bitcoin:

Mexico has been experiencing a massive increase in the number of transactions on localbitcoins. Mexican migrant workers are believed to be exploited by the remittance companies which are charging around 10% fees. What is essentially being discussed here by the Trump Whitehouse is a new tax on these migrant workers. The number that they are currently floating around is a 3% tax on the remittances going from the USA to Mexico. This may not seem super crazy but considering the $33.4 billion which were sent to Mexico in 2018 alone, that extra 3% could mean $1 billion more per year for the United States government.

 

98% of the transactions that were sent during the last year, were sent via electronic means which means that there is actually a very strong remittance route that is ready for mass disruption going from the United States to Mexico and Bitcoin could be the perfect answer. However, the average size of a remittance payment from the United States to Mexico is $322 last year and the problem is that if the fees rise again exponentially on bitcoin, then bitcoin might not be the ideal cryptocurrency for these kinds of smaller remittance payments. Maybe we are going to see some other cryptocurrency being adopted in that situation. But regardless of which cryptocurrency is used, we can see that there is a clear need for disruption as government policies again seeks to impede or overly exploit the free float of money.

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