Hodl news-Page 7
Mark Cuban is more into crypto than he's previously let on
The billionaire who once said he prefers bananas to Bitcoin is now tossing around crypto terms on social media like an experienced HODLer. In Twitter threads that were likely precipitated by his recent comments comparing crypto to the internet stock bubble of the late 1990s, Mark Cuban interacted with several high-profile crypto figures including Gemini co-founder Tyler Winklevoss, Gokhshtein Media founder David Gokhshtein, Tron CEO Justin Sun and others. The Dallas Mavericks owner discussed the issues surrounding supply and demand, the costs of moving crypto, and decentralized finance, or DeFi. Just remember WITH DeFi, as with all derivatives, the RISK …
Bitcoin Price / Jan. 12, 2021
CNBC's Jim Cramer says he won't buy Bitcoin above $20K following 20% crash
Jim Cramer, the host of CNBC’s Mad Money, said he is still “playing with the house’s money” after selling off some of his crypto before the recent price crash. In an interview with TheStreet, Jim Cramer said he still believed in Bitcoin (BTC) despite a $10,000 price correction over the past three days. However, he added he was unlikely to buy more unless the price goes under $20,000. “My goal was to get my cash out so I don’t have to think about it,” said Cramer. “If it goes back under $20,000, I’m a buyer again. But I got my …
Bitcoin Price / Jan. 11, 2021
After promoting Bitcoin merch discount, Mark Cuban praises BTC monetary policy
During a Christmas rally that has pushed the Bitcoin all time high mark ever higher, a pair of recent tweets indicate that a former critic of the digital currency is continuing to take steps towards a full-blown hodler conversion: billionaire investor and owner of the Dallas Mavericks Mark Cuban. The Tweet came on December 23rd, when Cuban announced that fans buying Mavericks gear would receive a 25% discount when they used Bitcoin to make their purchase. Oddly enough, however, the report Cuban linked to instead said that purchasers who buy more than $150 worth of gear using Bitcoin would receive …
Bitcoin / Dec. 27, 2020
MicroStrategy buys the dip — Now has more BTC than US govt
Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash, with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per Bitcoin CEO Michael Saylor tweeted the news immediately following a pullback in price to $22,247, although it is unclear whether the acquisition coincided with this event. MicroStrategy announced its intention to buy more Bitcoin earlier this month with a $400 million debt security sale to raise funds for the purchase. The bond sale ultimately brought in $650 million, which has now been used to buy Bitcoin as promised. The company is …
Bitcoin / Dec. 21, 2020
Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next
Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point toward a prolonged BTC rally. Swift wrote: “1yr HODL % still really high? Yep. Bitcoin being rushed off exchanges? Yep. Funding still neutral? Yep. Institutions still buying? Yep. Cool, See you at $22K in a few weeks when price reaches the 350dma x 2 of the Golden Ratio Multiplier.” Since …
Bitcoin / Nov. 17, 2020
The number of Bitcoin whales hit an all-time high during the latest bull run
The number of Bitcoin (BTC) whales reached a new all-time high amid last week's price ascension. On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. At current prices, 1,000 BTC translates to approximately $13 million. Based on this data, we can surmise that the whales control at least 2.23 million Bitcoin — a significant figure equivalent to 12% of the current supply. According to data from BitcoinCharts, these whale addresses actually control a much higher 7,902,469 BTC, or 42% of the total supply. Although we know the …
Bitcoin / Oct. 26, 2020
10% of Bitcoin's supply has been untouched for over 10 years: Report
A significant amount of Bitcoin's (BTC) total supply has not moved for more than 10 years, according to data from cryptocurrency analytics data provider Glassnode. During this decade-long interim, 1.8 million Bitcoin (of the current 18.5 million supply) has been locked in dormant Bitcoin addresses. Its cumulative value amounts to more than $23 billion at the time of publication, according to data from Coin360. A large portion of these coins may belong to Bitcoin’s mysterious creator, Satoshi Nakamoto — who disappeared from the community in 2011. Nakamoto may own over 1 million of these as-yet untouched assets, which are purported …
Bitcoin / Oct. 21, 2020
Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors
The price of Bitcoin (BTC) has been bouncing in the range between $8,600 and $10,000 for the past two months. BTC has shown little volatility since May, following a critical rejection at $10,440. However, five major fundamental factors still point toward a prolonged uptrend by 2021. According to data from Skew, the 10-day realized volatility of Bitcoin dropped to the lowest level of the year on June 24. This may indicate that traders are cautious because BTC is at a crucial price point. The performance of BTC over the next several weeks could hint at its price trend throughout the …
Bitcoin / July 2, 2020
New Stellar Foundation Member Would Rather Buidl Than Hodl
International and Public Affairs professor, Ronaldo Lemos, a recent addition to the Stellar Development Foundation, or SDF, said his personal interests align more with industry growth than asset holding or trading. "I'm more into using crypto as a tool to improve public institutions," Lemos told Cointelegraph when asked about his crypto holdings and trading activities. Lemos has worked with blockchain for governmental use cases The professor detailed a specific example of his blockchain endeavors, which includes working on signature verification via blockchain technology. "I am one of the co-founders of Mudamos.org, a blockchain-enabled platform that allows citizens to propose draft …
Technology / April 23, 2020
The Whales Who Accumulated Bitcoin in 2018 Are Hodling
More than 15% of the existing Bitcoin (BTC) supply has not moved in 12 to 18 months. This confirms that the second half of 2018 was an accumulation season, as much of the BTC acquired during that period has not moved since. According to Unchained Capital’s Hodl Waves, which determines the velocity of Bitcoins circulated by monitoring Bitcoin Unspent Transaction Outputs, or UXTOs, 41.6% of BTC supply moved over the past year. Bitcoin HODL Waves. Source: Unchained Capital Coins that have remained idle for between three and five years comprise 14.4% of total BTC supply. More than 21% of Bitcoin’s …
Bitcoin / March 4, 2020
ProtonMail Reveals It’s Been ‘HODLing’ Its Bitcoin Payments for Years
Swiss-based email service, ProtonMail, has revealed on Nov. 16 that it hasn’t cashed in any of the Bitcoin (BTC) it has accepted as payment for its premium service in years. The tweet was in response to a customer who complained that he felt guilty for spending Bitcoin ion a ProtonMail invoice instead of holding or “hodling” it for the long-term. ‘No worries, we will HODL for you’ The exchange came about following a tweet from the CCO of digital gift card retailer BitRefill, urging Bitcoiners, “Please do not ‘put your Bitcoin to work.’” This prompted one follower to reply that …
Bitcoin / Nov. 17, 2019
Nearly $10 Billion in BTC Is Held in Wallets of 8 Crypto Exchanges
Almost 7% of the entire circulating supply of Bitcoin (BTC) is held in the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst. “Exchanges are the biggest HODLers” On Oct. 8, the Token Analyst wrote that, throughout Bitcoin’s history, the amount of the world’s most popular crypto coins on exchange wallets has consistently been increasing. The Twitter account, which provides real-time and historical blockchain data, estimated close to 1.2 million coins is currently held in the wallets of eight major exchanges — with the Token Analyst describing them as “the biggest HODLers.” An accompanying graph shows …
Bitcoin / Oct. 8, 2019