On the Bitcoin Trickle down Effect
Venture Capitalist firms have taken a liking to Bitcoin and invested millions of dollars into the industry in 2015, including some of Silicon Valley’s best-known venture firms. The question is: Has there been a Bitcoin trickle down effect? But, first, let’s define a Bitcoin trickle-down effect. It’s not like Reaganomics, in the low tax, political sense. Rather, a Bitcoin trickle-down effect is whatever the opposite of a few people accumulating and controlling all the coins and never spending them on anything that’s a net positive for anyone other than themselves. With few people holding....
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Many analysts and investors have been quite surprised at how stable Bitcoin’s price has been despite a plethora of bear-favoring developments within the markets From a macro perspective, President Trump’s recent viral diagnosis has rocked the traditional markets, which has had a trickle-down effect on crypto Within the crypto market, the recent $150m KuCoin hack, as well as the government’s charges against the BitMEX founders, have both spooked investors Despite all these factors placing pressure […]
Am I the only person who sees cryptocurrency charts when I shut my eyes, hovering just beyond the limits of my focus like an old TV set thats been permanently burned in by a paused video game?Am I alone in spotting elements of token names, logos and symbols in food packaging at the supermarket?Or are you also catching fleeting glimpses of crypto candlesticks hidden among the everyday objects before you or just beyond the edge of your vision?These neon mirages scorched into my retina, the byproducts of squinting endlessly at jagged crypto charts during long COVID-19 lockdowns, inspired my....
Markets have factored in the fee imposition by Chinese exchanges so we are entering a period of Bitcoin price stability. Chinese exchanges started levying a fee for investors and traders starting Jan. 24, 2017. This followed the decision of the People’s Bank of China to conduct on-site inspections. The decision of the Chinese exchanges to impose fees was clearly a move to stay in business and compliant with the demands of the central bank. While these exchanges may now be on the ‘right side of the law’ in China, the long-term effects of this move will be felt for some time to come. Trading....
Is Bitcoin susceptible to the Cantillon effect? To find an answer, please read this Bitcoin-Cantillon effect article. How to protect yourself from the Cantillon effect?The simplest method to safeguard yourself against the unequal distribution of new money is to leave the monetary system completely. Only the oldest living generations can recall a time when money was more than a piece of paper backed by the government's and military's "full faith and credit." We are conditioned to conceive of money as a product of our government, yet avoiding the Cantillon effect necessitates looking at....
The price of bitcoin has seen better days, as the coin’s value hit $59,600 four days ago and then saw the exchange rate tumble to a low of $45,700 per unit on May 12. There have been talks of whales selling coins and data shows that there’s been some large wallet inflows. However, onchain data shows that the whales are either dispersing funds into multiple wallets or bitcoin is being distributed more evenly to smaller fish. Number of Bitcoin Whales With 1K Bitcoin or More Declines, Sharks, Dolphins, and Small Fish Increase While cryptocurrency markets approach the weekend,....