"I think there is more downside in the coming days. I think what we need to see is the open interest collapse a lot more, so the speculators are really out of it, and that's when I think the market will stabilise."
Después de encontrarse el precio de BTC dentro de un canal ascendente desde junio, el pasado viernes, Bitcoin cayó más del 10%, con la vela diaria cerrando por debajo de la línea de tendencia de soporte de los canales. «En lo que a mí respecta, esta es una formación de patrón muy, muy desagradable», dijo Gareth y agregó que esperaba que el precio volviera a probar los mínimos de 2017.
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As a result, the idea expired, and there was no action taken regarding Ribuck’s proposal — at least, not at first. It was a good question, but a question that nobody was willing to answer, confirm or deny.
When we say "satoshi," we actually are not referring to Satoshi Nakamoto, crypto the pseudonymous creator of Bitcoin
. However, the satoshi we refer to similarly goes back to the early days of bitcoin and the BitcoinTalk forum.
If things were priced solely in BTC, it could leave merchants with unattractive price tags that are likely to confuse consumers at the checkout. Most people aren’t fond of working with fractions and decimals.
So when you visit a price aggregator like Coinmarketcap or Coingecko you can see a dynamic value for dominance and chart. Market capitalisation might not be the ideal measure of dominance, in a broader sense, but we’re talking about price and markets, which are the simplest to quantify.Bitcoin
and ether are about 60 per cent below record peaks reached in November. Ether, the second-largest cryptocurrency by market capitalisation, steadied near $2,000 on Friday after a drop as low as $1,700 on Thursday.
Each coin (planet) is trying to exert more influence, which in the case of Bitcoin vs Ethereum comes down to their different consensus method - PoW vs Proof of Stake. The idea of changing dominance is important because it illustrates the competitive nature of crypto. As with most things in crypto, there is a specific language to the idea of changing dominance, often described as a flippening .
From paying for pizza with satoshi (SAT) on the Lightning Network to the 10,000 satoshis being added to the Lightning Torch each time it is passed, down to the 1 sat/byte rate on the bitcoin SV network, SAT is being used more and more in blockchain and crypto conversations.
SINGAPORE: Cryptocurrencies nursed large losses on Friday (May 13), with bitcoin pinned below US$30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets.
The simple definition for bitcoin dominance is the proportion of the entire market capitalisation of all cryptocurrencies that bitcoin accounts for. Market capitalisation is calculated by multiplying coins in circulation with current price.
Satoshi has created a more convenient way to price goods and services in BTC — without the price tag looking unattractive or confusing to consumers. Both price and price bias seem to contribute to the time lag regarding SAT gaining popularity, but all in all, the industry appears to have made SAT a meme in and of itself, finding their own unique ways to incorporate satoshi into our lives — like the lightning torch — and doing so in such a way that these events that it is involved in have caught fire and gone viral in their own respects, bringing satoshi along for the ride with it. After eight long years, satoshi has gained popularity. That being said, you should familiarize yourself with SAT — because it could be here to stay, at least for the short term.
Although satoshi entered the blockchain and crypto industry lexicon in 2011, it did not become popular — maybe even a buzzword — until recently. As of late, more and more people refer to SAT, mention SAT in their podcasts, have campaigns that revolve around SAT — for example, Binance #StackingSats — or price goods and services in SAT.
SAT is becoming more common in day-to-day blockchain and cryptocurrency
conversations. Bitcoin mining software like HoneyMiner pay your mining reward in SAT, #StackingSats is a hashtag used frequently on Twitter, and the Lightning Torch was accounted for in satoshis — just to name a few instances of the word being used.
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