Report: Bitcoin and crypto adoption surging despite bear ...

Bitcoin Cash Adoption OFF TEH CHARTS!!! - Collin' It Like It Is #26

Bitcoin Cash Adoption OFF TEH CHARTS!!! - Collin' It Like It Is #26 submitted by Mr-Zwets to btc [link] [comments]

Bitcoin Cash Adoption OFF TEH CHARTS!!! - Collin' It Like It Is #26

Bitcoin Cash Adoption OFF TEH CHARTS!!! - Collin' It Like It Is #26 submitted by Mr-Zwets to Bitcoincash [link] [comments]

Butter shares comical chart suggesting that Bitcoin is destined for 100% adoption, despite the fact that the chart both misrepresents how long Bitcoin has been around for and already shows that it is not being adopted as quickly as other technologies

Butter shares comical chart suggesting that Bitcoin is destined for 100% adoption, despite the fact that the chart both misrepresents how long Bitcoin has been around for and already shows that it is not being adopted as quickly as other technologies submitted by Orbalisks to Buttcoin [link] [comments]

#crypto #bitcoincash #Bitcoin Cash Adoption OFF TEH CHARTS!!! - Collin' It Like It Is #26

#crypto #bitcoincash #Bitcoin Cash Adoption OFF TEH CHARTS!!! - Collin' It Like It Is #26 submitted by nrposter to Cryptoandme [link] [comments]

Is your country on this chart? Kudos to all early adopters of bitcoin and cryptocurrency in general. Way to go!

Is your country on this chart? Kudos to all early adopters of bitcoin and cryptocurrency in general. Way to go! submitted by DigiFinex to Bitcoin [link] [comments]

Bitcoin "adoption" is slowing down, based on Coinbase's rank in Google Play charts

Notice the past few days money has been shifting between BTC and altcoins but new money has not been coming in? It's been more than a week since the peak, and all big Bitcoin events are over, so the only thing that can get new speculators would be a higher price (which can only happen with new speculators).
Recently, Coinbase has been getting less popular on Google Play meaning fewer new people have been coming. In early December it's rank was #7 and it has gradually gone down to #172. The past few days I looked at https://play.google.com/store/apps/collection/topselling_free and recorded Coinbase's rank.
Here is some data of Coinbase's rank:
A few notes:
submitted by wslot to CryptoCurrency [link] [comments]

You might think, in the last 90 days, we went "mainstream." Google Trends says otherwise. Based on this chart, we're still in the "innovator" or "early adopter" phase. (Chart depicts Bitcoin, Ethereum, iPhone... and one extra search term for a bonus!)

You might think, in the last 90 days, we went submitted by BananTarrPhotography to ethtrader [link] [comments]

Bitcoin price vs adoption (chart)

I plotted BTC price (weighted average daily from Bitstamp) divided by the number of Coinbase accounts (in other word, a very rough measure of how much a BTC costs relative to the number of bitcoin users) and the results are interesting:
http://i.imgur.com/nRpvYaj.png
submitted by intmax64 to BitcoinMarkets [link] [comments]

Top 500 Merchants' Adoption of Bitcoin... Spicy Chart

submitted by HodlDwon to ethtrader [link] [comments]

This Bitcoin Price Chart Shows What's Blocking Faster Adoption

This Bitcoin Price Chart Shows What's Blocking Faster Adoption submitted by vlarocca to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Where can I see a SegWit adoption chart?

The following post by TomJonesSecond is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7z6lza
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin "adoption" is slowing down, based on Coinbase's rank in Google Play charts.

Bitcoin submitted by wslot to CryptoMarkets [link] [comments]

Why I'm not worried about a resurgence of inflation

TL/DR: Despite massive fiscal stimulus packages and seemingly never-ending quantitative easing programs, I don't believe we're headed towards a world of out-of-control inflation. Why? The prospect of permanent economic scarring in certain sectors due to extended lockdowns coupled with rapid technological adoption are two factors that are likely to keep price pressures low.
Investors seem quite concerned about rising inflation risk, which is likely supporting the strong bid for inflation-hedging assets like gold and bitcoin year to date. Adding fuel to the fire, top money managers, like Bridgewater and BlackRock, have been vocal in financial media lately about the risk of a high-inflation regime down the road. A high-inflation regime would be a remarkable departure from the past decade, where inflation was relatively tame even despite ultra-low interest rates and the introduction of unconventional monetary policy tools, like quantitative easing (see chart here: https://ibb.co/Dt8nVFC).
Similar to what was observed over the past cycle, I don't see recent policy action leading to sky-high inflation in the future.
Lastly, as a professional investor focused on global macro, predicting where the global economy is headed is hard and an incredibly humbling exercise. I prefer preparing my own portfolio for a range of outcomes - so while I personally hold some gold and bitcoin, I wouldn't bet the farm on a resurgence of inflation in the future.
submitted by CanadianStrategist to investing [link] [comments]

[uncensored-r/BitcoinMarkets] Bitcoin "adoption" is slowing down, based on Coinbase's rank in Google Play charts.

The following post by wslot is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ BitcoinMarkets/comments/7momyo
The original post's content was as follows:
Notice the past few days money has been shifting between BTC and altcoins but new money has not been coming in? It's been more than a week since the peak, and all big Bitcoin events are over, so the only thing that can get new speculators would be a higher price (which can only happen with new speculators).
Recently, Coinbase has been getting less popular on Google Play meaning fewer new people have been coming. The past few days I looked at https://play.google.com/store/apps/collection/topselling_free and recorded Coinbase's rank. In early December it's rank was #7 and it has gradually gone down to #172.
Here is some data of Coinbase's rank:
  • 12/??: 7
  • 12/23: 30
  • 12/25: 55
  • 12/26: 84
  • 12/27: 125
  • 12/28: 172
A few notes:
  • On a mobile device, games are put in a separate category so Coinbase's rank will appear higher.
  • This is based on U.S. data, it will be different for other countries.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin "adoption" is slowing down, based on Coinbase's rank in Google Play charts. /r/BitcoinMarkets

Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

SegWit adoption chart moved away from view to hide uncomfortable truth /r/Bitcoin

SegWit adoption chart moved away from view to hide uncomfortable truth /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BU vs Segwit adoption chart /r/Bitcoin

BU vs Segwit adoption chart /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

11-19 00:22 - 'Bitcoin segwit adoption chart available on ethereumwisdom' (ethereumwisdom.com) by /u/dak91 removed from /r/Bitcoin within 454-459min

Bitcoin segwit adoption chart available on ethereumwisdom
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Author: dak91
submitted by removalbot to removalbot [link] [comments]

Bitcoin segwit adoption chart available on ethereumwisdom

Bitcoin segwit adoption chart available on ethereumwisdom submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Amazing how far we've come, getting closer to max supply

Amazing how far we've come, getting closer to max supply submitted by TR5_ to CryptoCurrency [link] [comments]

Thomson Reuters is Charting Bitcoin Adopters’ Emotions as Data for Traders

Thomson Reuters is Charting Bitcoin Adopters’ Emotions as Data for Traders submitted by ravikaash to Cryptoalert [link] [comments]

MILESTONE FOR BITCOIN ADOPTION REACHED! - WHAT'S NEXT ON ... Bitcoin adoption in India Bitcoin Adoption & Use Cases - CryptoFinally Group Chat Bitcoin Adoption in Korea is Exploding Crypto Exchanges Adopt Bitcoin Cash Roger Ver Vlog 5 ONE MORE STEP FOR BITCOIN ADOPTION IN AMERICA! - WHAT'S ...

Mit Blick auf das Jahr 2020, dem anstehenden Halving und den Fortschritten bei der Bitcoin Adoption bei Banken, können wir auf solch ein Szenario gespannt sein. Möchtest du dich bei Bitcoin rechtzeitig am Markt platzieren? Auf der mehrfach ausgezeichneten und preisgekrönten Plattform von eToro kannst du das tun! Insbesondere für Anfänger bietet die Plattform eines der besten User ... Bitcoin Soars on PayPal Adoption News. The news of PayPal adopting cryptos has catapulted the BTC price by over $1,000. Bitcoin — the top-ranked cryptocurrency by market capitalization — is now up more than 7 percent over the last 24-hour trading period. Wednesday’s breakout has also seen Bitcoin set a new 2020 price high and what the bulls will be hoping is an end to the sideways ... About Segwit Adoption. This chart tracks the proportion of transactions on the Bitcoin network which use use SegWit . I`ve also overlayed daily payment counts and the average fee charged per payment. Payments and transactions on the Bitcoin Network are not the same thing; each transaction processed by the network may contain many payment outputs to multiple third parties. (Payment count inside ... BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew ... Report: Bitcoin and crypto adoption surging despite bear market. Priyeshu Garg · January 4, 2020 at 12:52 pm UTC · 3 min read. Priyeshu Garg Analyst @ CryptoSlate. Info Twitter. Share this article Tweet Post Share Post Email. According to the latest Coin Metrics report, 2019 has been a record-breaking year when it comes to crypto adoption. Addresses with a balance of at least $10 increased ...

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MILESTONE FOR BITCOIN ADOPTION REACHED! - WHAT'S NEXT ON ...

Roger Ver and the bitcoin.com recently visited all the top exchanges in Korea to talk about Bitcoin cash. Huobi, Coinnest and multiple bitcoin meetups were on the list. As you can see from the ... Check out the Cryptocurrency Technical Analysis Academy here: https://bit.ly/3n5TUxS Use the coupon code "September2020" to get $40 off of the Cryptocurrency... In this video, I attempt to answer the questions above by comparing Bitcoin adoption to the internet's adoption in the 1990s and we conclude by pinpointing the exact equivalent year from the ... We take a look at India and it's population, economy, infrastructure and progress going forward. Is India embracing the new digital economy? And the answer is... totally YES! India, the land of ... Check out the Cryptocurrency Technical Analysis Academy here: https://bit.ly/3n5TUxS Use the coupon code "September2020" to get $40 off of the Cryptocurrency...

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