The Bitcoin (BTC) price is around $13,700 at the time of writing.

We look at the charts and discuss the possible scenarios, read the update here!
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Bitcoin rate update

With an upward trend and a $14,000 test, we can now speak of a very strong uptrend in Bitcoin’s current price. A first test of this tipping point at which the price has suffered significant losses in the past can be a step towards a new all time high.

But before we think of such increases, the price must take an important step.

The continued rise of Bitcoin’s price is a good sign and we see that bulls are stronger again after a long time since Bitcoin’s first big bull run.

With a rapid rise towards the $14,000 dollar without really consolidating as expected, we can expect more movement soon. The price doesn’t seem to be sitting still, and can only make a long-awaited breakthrough through $14,000.
Bitcoin price 4-hour chart

In order to get a better picture in the short term, this time we include the 4-hour chart from Bitcoin for the sake of clarity. It shows a bit more movements than the day graph and also shows more clearly the current support and resistance regions. This gives us a better picture of the current state of affairs.

The current 4-hour graph of Bitcoin shows us a nice upward trend. Where the resistance doesn’t last long and we continue to rise rapidly. With a strong resistance around $13,800, we see that the price is going to get a little more resistance.

The first test at $14,000 has a slight decline and with the current price high in the $13,700 we see that this resistance is currently holding up.
Bitcoin 4-hour chart November 1, 2020

$14,000 is an important point

Despite the fact that $14,000 is an important life, and the price here has been a failed test. Bulls haven’t been able to hit back yet and the pullback is very limited. An increase by $14,000 in the short term is therefore not a crazy idea. And the chances are considerable that we will see more action around this price in the coming week.

So once again the price looks very bullish and with an approaching weekend we see plenty of chances for a new rise in the coming week. With $14,000 as the first target, followed by probably another rise to high in the $14,000.

As unfamiliar territory approaches, forecasting new resistance becomes difficult. Especially given the parabolic rise in the previous bull run, where the unrealistic reactions there are difficult to extend to the current charts.
What will bitcoin do?

All in all, an exciting and fun time. With enough support on the way to $13,000 and $12,000. With the highest chance of going up to $14,000 and through.

The road to a new all time open is slightly closer than ever, and we’ll soon see how much power the Bitcoin price is breaking up.

Medan bitcoin har kört upp till alla nya prishöjder 2020, har ett stort antal kryptosupportrar klagat på mempool-eftersläpningen och de höga avgifterna som behövs för att skicka en transaktion.

Under tiden är Lightning Network långt ifrån en omfattande adoption, och ett antal attackvektorer har avslöjats i år.

Vid tidpunkten för publiceringen visar Bitcoin Profit mempool (eftersläp av transaktioner) 113 000+ obekräftade transaktioner och eftersläpningen har inte varit så hög sedan 2017. När tjurkörningen ägde rum för tre år sedan sköt transaktionsavgifter och obekräftade transaktioner genom taket. För närvarande, enligt bitcoinfees.cash-data den 31 oktober, är nästa BTC-blockavgift $ 10,77 och den nuvarande medianavgiften är $ 6,43.

Även med de höga avgifterna och mempool-täppan, handlar den större bitcoin-communityn fortfarande mestadels onchain. Layer 2-protokollet som byggdes ovanpå Bitcoin kallat Lightning Network (LN) var tänkt för att underlätta problemen, och det antogs att människor skulle flytta till LN-lösningen. Detta kom dock aldrig att realiseras, eftersom LN-programvaran har ansetts vara för svår för den genomsnittliga användaren, många appar är vårdnadshavare och det har förekommit många sårbarheter i år.

Även om LN: s totala värdelåsta (TVL) år 2020 har varit på en högsta nivå (14,3 miljoner dollar), har den inte kommit nära bitcoin (BTC) för över 2 miljarder dollar på Ethereum.

Attackvektorerna har också gjort kryptoförespråkare till Layer 2-protokollet, eftersom det har avslöjats ett antal sårbarheter. Joost Jager, en oberoende Bitcoin- och Lightning Network-ingenjör, tweetade till exempel om en den 22 september.

„Blixt är bra, men kan inte säga att det är stridstestat“, säger Jager. „Om skriptbarn skulle vara intresserade skulle de kunna ta ner de skinande nya 5 BTC wumbo-kanalerna med försumbar kostnad och ingen ansträngning alls.“ Det faktum att alla skriptkiddies skulle kunna utnyttja ’sorgsattacken‘ för att ta bort de 5 BTC-kanalerna med mycket liten ansträngning är ganska nedslående.
Bitcoin (BTC) mempool (eftersläp av transaktioner) visar 113 000+ obekräftade transaktioner den 31 oktober 2020.

Dessutom publicerade forskarna Jona Harris och Aviv Zohar nyligen en uppsats som heter: „Flood & Loot: A Systemic Attack On The Lightning Network“, vilket liknar sorgsattacken.

”En av de risker som identifierades tidigt är risken för en bred systemattack mot protokollet, där en angripare utlöser stängningen av många blixtkanaler samtidigt”, förklarar tidningen författare. ”Den resulterande stora volymen transaktioner i blockchain tillåter inte korrekt avveckling av alla skulder, och angripare kan komma undan med att stjäla vissa medel. Detta dokument utforskar detaljerna i en sådan attack och utvärderar dess kostnad och totala inverkan på Bitcoin och Lightning Network. ”

Dessutom publicerade Antoine Riard och Gleb Naumenko den 2 juni 2020 en uppsats om en annan sårbarhet i Lightning Network som kallades „tidsutvidgningsattacken.“ Ett läskigt faktum att Naumenko och Riard berättar om tidsutvidgningsattacken är att det „för närvarande är möjligt att stjäla den totala kanalens kapacitet genom att hålla en nod förmörkad i så lite som 2 timmar.“

Inte så länge efter den frågan diskuterade Antoine Riard nyligen ett annat mottagligt utnyttjande som heter „Pinning Attack“. Riard konstaterar att „så långt han vet är“ för närvarande utplacerade LN-kamrater inte säkra mot [vissa Pinning Attack] -scenarier. “ Ett särskilt scenario ”kräver tungt, långvarigt arbete vid baslagret”, betonade Riard.

Lightning Network har funnits ganska länge, men dessa sårbarheter och exploateringar i kombination med hur ovänliga användarupplevelserna är, är det svårt att föreställa sig att den andra lagret löser sig.

Naturligtvis är några av exploaterna dyrare än andra attacker, och ingenjörer arbetar med lösningar för att lösa dessa problem. Men många Lightning Network-skeptiker tror inte att LN-protokollet någonsin kommer att vara klart, som en person noterade på Twitter:

Även om det vore en framgång (2051, med en tredjedel av köparna som redan är döda i ålderdom) skulle Lightning Network fortfarande vara sårbart för översvämnings- och bytesattack och triviala DDOS på protokollnivå. Lightning Network är ingen lösning alls.

Bitcoin (BTC) and gold: The two are often compared with regard to the store of value. Both assets can be used to store value. Bitcoin is easier to transport and sell, but its price is more volatile. Gold is the traditional Save Habour, but not as dynamic as Bitcoin. The picture shows a bitcoin in front of gold pieces.

Bitcoin advocate Anthony Pompliano (aka „Pomp“) from Vocal Bitcoin Trader posted a Twitter thread to educate BTC critics. Pomp sets out his reasons why he believes Bitcoin will remain an excellent store of value.

Bitcoin critics get their fat off

Anthony Pompliano posted a Twitter thread explaining his views on Bitcoin remaining a good safe haven. Pomp examined several theses from BTC skeptics and confronted the critics with his arguments. Why did haters speak out against BTC again this year?

The main reason is the economic shock that occurred in March and April, with Black Thursday occurring on March 12th. At that time, BTC crashed along with the altcoins. The stock market followed, and with it oil, which briefly sank below zero. When the crisis hit, many people started selling not only bitcoin but other liquid assets as well, explains Pomp.

Bitcoin is up 300 percent since hitting March lows

Pomp goes on to say that Bitcoin has now risen over 300 percent since the market disaster in March (seven months later) and is up 83 percent since the start of the year.

In terms of value, it has outperformed any other asset class this year:

Bitcoin is up 83 percent since the start of the year and more than 300 percent since its low in March. BTC has clearly outperformed all other asset classes.

Correlation is currently 0

Pompliano pointed out that the biggest argument the critics used is the fact that Bitcoin was correlated to other assets during the tough times for the economy in March / April.

Critics used this as a basis to say that BTC is not an inflation hedge. Pomp argued that the same thing happened to gold, stocks, and other markets, and that it was a passing thing.

Right now, Pomp tweeted, Bitcoin’s correlation with traditional markets has dwindled over time and is now at zero. He calls BTC an ultimate safe haven and says that BTC couldn’t be more uncorrelated than it is now.

It outperformed stocks, bonds, gold, oil, and pretty much everything else. It also has little to no correlation over a significant period of time. Bitcoin is the ultimate safe haven & the market is proving it.

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Bitcoin’s price has remained stable for almost a month, but data in the chain shows an upward trend in new entrants joining the network.

The price of Bitcoin (BTC) remained relatively stable during September and the sharp fall in prices of DeFi’s altcoins and tokens seems to be making the situation worse for many investors.

Despite this lack of upward momentum, chain data reveals that new entrants are joining the Bitcoin network at an alarming rate.

Although the price has not reacted to the strong influx of new entrants, chain analyst Willy Woo believes this is a strong upward signal. On September 30, Woo tweeted:

„We are seeing an increase in new entrants to BTC that are not yet reflected in the price, it doesn’t happen often. This is what traders call divergence, in this case it is obviously bullish“.

As shown in the chart above, the number of new individuals joining the Bitcoin Optimizer network has risen sharply since last week and the metric clearly outperformed the numbers recorded in August. The metric measures the number of clusters (wallets) owned by a given person or group.

What is attracting these new participants?

Some analysts believe that the increase in new entrants could be attributed in part to the sharp decline in DeFi tokens and altcoins. In the last 30 days, many have recorded double digit losses and this may have left investors looking for safer alternatives in the crypto market.

Although the price of Bitcoin failed to break above the USD 11,000 level several times, it has remained stable above the USD 10,000 level for the past month.

Given the current economic and political chaos that is spreading across the United States and other countries affected by the coronavirus pandemic, Bitcoin’s price stability reinforces the argument that Bitcoin is a strong store of value.

Although the US dollar remains the most sought-after asset in the face of the recent financial crisis, it is possible that a second wave of coronavirus infections could adversely affect the global economy. Such an event would probably encourage investors to invest in assets such as gold and Bitcoin, especially if the dollar loses strength.

Just an advertising stunt or an intelligent method to increase awareness and adoption of cryptocurrency?

SBI e-Sports, a subsidiary of Japanese financial services giant SBI Group, has announced that players in its e-sport teams will receive their salaries in Ripple (XRP) under a sponsorship agreement with venture capital firm VC Trade.

According to the official announcement, salaries will be paid in crypto instead Immediate edge scam of fiat currencies, in order to strengthen the company’s reputation among e-sport players who also use digital currencies.

SBI e-Sports, Ripple’s long-standing partner, said this sponsorship agreement is a way to diversify its portfolio within the blockchain world. The aim is to „create and nurture a strong market based on customer focus, price improvement and liquidity expansion“.

At the time of publication of this article, XRP holds a market cap of nearly $11 billion: according to CoinMarketCap data, it is currently the world’s fourth crypto by capitalization.

In 2019, the Xpring project, the developer ecosystem of Ripple, and Forte, a blockchain gaming platform, created a $100 million fund to support game developers.

Mac Ocampo, Head of Growth at blockchain Virtually Human Studio, previously told Cointelegraph that „not all gamers are crypto traders, and not all crypto traders are gamers. In his opinion, this factor will certainly be relevant to the future of the gaming industry.

La oss innse det, ingen vil kjøpe Bitcoin. La meg forklare.

Det jeg mener er at ingen vil kjøpe Bitcoin til den nåværende prisen, uansett pris. Vi sier alltid til oss selv, „kanskje i morgen vil det ha falt noe mer, og så vil jeg kjøpe det.“ Og ofte kommer ikke morgendagen.

Noen av oss er imidlertid mer kalkulerte. Noen av oss har et fast nummer knyttet til det „noen flere“, og fortsetter å fortelle oss selv at hvis Bitcoin faller med det bestemte beløpet neste dag, vil vi kjøpe det!

Og vi sjekker ofte CoinMarketCap og CoinGecko hver dag for å se om prisen på Bitcoin har falt med det beløpet, og da og først da, vil vi hoppe på børsen og kjøpe den. Innrøm det, vi gjør det alle sammen! I det minste de av oss som ikke har dollar-kostnadssnitt.

Ok, så nå når den skitne hemmeligheten vår er ute, hvordan ser ting ut? La oss se på tallene på tvers av et sett med risikoprofiler.

Slik ser det bredere bildet ut, og nedenfor har jeg brutt det ned med følgende prisfall – over 10 prosent, over 5 prosent, over 3 prosent og over 1 prosent. Så, hvor mye skal Bitcoin dyppe for at du skal kjøpe dipen? Og hvilken strategi ville gjort deg til det største overskuddet fra begynnelsen av året til nå?

Mr. konservative

Si, du er en konservativ investor som har en enorm mengde kapital og kan kjøpe en eller to Bitcoins samtidig, men du bare ‚kjøper lav‘, og i dette tilfellet er lav en nedgang på 10 prosent eller mer mot forrige dags pris. For deg er en stor, dristig „-10%“ mot Bitcoins pris og et blødende marked en mulighet til å fylle posene dine, i stedet for å dumpe dem.

Vel, i 2020, i et år der vi har hatt et lavt beløp på $ 3 800 og et høyt på $ 12,300, hvor mange kjøp ville du hatt?

Bare 2, bare på to dager i året, har Bitcoin falt med mer enn 10% mot forrige dags pris – 12. mars og 13. mars, en konsekvens av Black Thursday. Hvis du kjøpte en hel Bitcoin på disse dagene, dvs. to Bitcoins totalt, vil du ha en gjennomsnittlig kjøpesum på $ 5,684, mot en handelstid på $ 10 700. Det er et overskudd på over $ 5000 på hver mynt!

En advarsel her – Hvis risikoprofilen din bare ville tillate deg å kjøpe Bitcoin hvis den falt med mer enn 7,5 prosent, vil du fortsatt bare gjøre disse handlerne fordi Bitcoin på daglig basis bare falt to ganger i overkant av 7,5 prosent .

Mr. spiller markedet

Si at du er Mr. Spill på markedet, og du vil bare kjøpe Bitcoin hvis den synker med mer enn 5 prosent mellom to dager, slik at du kan gjøre noen handler for å tjene penger, men ikke for mye at du vil miste tankene dine . Hvor mange kjøp tror du du vil gjøre? Til tross for at folk gleder seg over BTC-markedene for overdreven volatilitet, ville du bare gjøre 7 handler, 7 handler totalt 270 siden begynnelsen av året, det er 2,7% av året til nå.

Bare 7, bare syv dager i året har Bitcoin falt over 5 prosent mot forrige dags pris – ved fem anledninger mellom 8. mars og 16. mars, 10. mai før halveringen, og tidligere denne måneden 3. september. Gjennomsnittlig kjøpesum? 7510 dollar, mot den nåværende handelsprisen på 10 700 dollar, det er et overskudd på over 2700 dollar hver gang.

Men fordi du kjøper flere ganger, er kapitalen din lavere, så i stedet for en hel Bitcoin kjøper du halvparten hver gang. Det vil sette det endelige overskuddet til $ 3,180, og hvis du kjøper 0,5 Bitcoin hver gang, vil du ende opp med et endelig overskudd på $ 11,140.

Mr. jeg vet hva jeg gjør

Si, du er herr. Jeg vet hva jeg gjør og retter meg mot en rask behandling, men invester et mindre beløp hver gang. Risikoprofilen din lar deg bare kjøpe Bitcoin hvis den faller under 3 prosent på daglig basis, hvor mange Bitcoin-kjøp vil du gjøre? Svaret er 14 handler.

Disse 14 handler tar åpenbart hensyn til ovennevnte kjøp på disse datoene og kastet inn noen flere i prosessen – 26. februar faller under $ 10.000, 28. mars og 29. mars som prisen korrigert fra marsfallet, 10. april, de to dagene før halveringen 20. mai og 4. september.

Den gjennomsnittlige kjøpesummen er $ 7 800 fra totalt 14 kjøp, som er $ 2900 under pressetidsprisen. Etter det forrige temaet, vil du kjøpe en mindre brøkdel av Bitcoin, la oss si 0,25 BTC, som bringer ditt endelige overskudd til $ 10 130 for hele året.

Mr. Daredevil

Si, du er Mr. Daredevil, og du tapper markedet ved å gjøre flere handler, snu dem ganske raskt så snart Bitcoin faller. Risikoprofilen din presser deg til å kjøpe Bitcoin hver gang den faller med over 1 prosent på daglig basis, hvor mange Bitcoins tror du du vil kjøpe? Tror du denne typen standard vil holde deg opptatt hele året, med tanke på at markedet er så ustabilt?

Vel, det ville holde deg opptatt, men ikke mye. Du vil ende opp med å handle 58 handler, det er 21% av hele året du bruker Bitcoin, noe som kan være rettferdig, er ikke mye. Slik fordeles kjøpene per måned,

Overskuddet du ville tjene, ville være ganske lite, bare $ 1 800 på den gjennomsnittlige kjøpesummen på $ 8 800 for alle 58 kjøp på ovennevnte datoer.

På grunn av det større antallet transaksjoner, vil du ende opp med å kjøpe en mindre mengde Bitcoin hver gang, si 0,1 BTC per ordre, noe som gir fortjenesten $ 10 650 for hele året. Som igjen er ganske kjekk,

Hvilken vei bør du ta?

Det virker som mye data å ta inn, så jeg vil bryte det ned. For året til dags dato, basert på de ovennevnte risikoprofilene, som avviker i hvor ofte du vil kjøpe Bitcoin, og når du vil kjøpe Bitcoin, er den endelige fortjenesten den høyeste for Bitcoin-kjøp med et fall på -5%. Dette begrenser ikke bare antall transaksjoner til bare 7 [og dermed reduserte bestillingsgebyrene, kjøpetiden og hodepinen som følger med det], men øker fortjenesten din med over $ 500 mot noen av de andre strategiene.

Uansett hvilken strategi du vil ta, er det alltid en fangst knyttet til den. Enten det er kapitalen du kan investere, antall transaksjoner du kan delta i, fortjenestegrensen du har, eller hvor lang tid du kan lime øynene dine på Bitcoin-pristabellene, uansett om du kjøper Bitcoin-dip, har alltid det bedre enn om du ikke gjorde det.

Sushiswap has launched a new UNI / ETH liquidity pool.

The crypto community comments to tire of the protocol.

The price of the SUSHI token fell 3% on the day

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The decentralized finance platform ( DeFi ) SushiSwap has just launched a new UNI / ETH liquidity pool. That said, it appears to be reaping only a fraction of the success of its previous offerings. This launch also raised questions from the crypto community, which is increasingly wary of the DeFi clone.

The controversial DeFi protocol, SushiSwap, just added another production pool to its growing collection of farms, which now number 18. The latter pool allows liquidity providers to add Ethereum and UNI in order to reap rewards under form of SUSHI tokens.

The time limit has expired, and the UNI: ETH pool is now receiving rewards! !

This move follows the success of Uniswap which last week launched four of its own Ethereum-based pools with rewards in UNI, its new token. At the time of this layout, the four pools had attracted more than $ 1.5 billion in cash.

SushiSwap hopped on the UNI bandwagon in hopes of attracting more yield growers. However, the timing of this announcement, and more specifically its delay, has been questioned by some members of the crypto community:

Can you explain the delay in this announcement?

The greater the liquidity of a pool, the fewer tokens its providers receive, as the distribution is diluted. Those who start earlier will be rewarded the most early on, which may explain why this announcement was delayed. It has been suggested that pre-mines are now a standard part of launching liquidity pools.

According to Sushiswap’s dashboard , the protocol has just under $ 500 million in cash, the majority of which is split between the SUSHI / ETH, DAI / ETH, and YAM v2 / ETH pools.

As yield producers scramble for the next best DeFi opportunity, liquidity has fallen 64% since the peak of $ 1.4 billion hit on September 12.

The state of the SUSHI and UNI course

Liquidity is not the only thing that has gone down for SushiSwap: the price of its token has also retreated. Over 30 days, the price of SUSHI looks exactly like that of most altcoins after the cryptomo bubble of 2017/18.

Since its peak, the SUSHI price has fallen 85% to its current level, just below $ 1.60. With a further 3% drop on September 21, the new cash reserve has apparently done nothing to drive the price of the token up.

UNI is also on the decline, having lost 35% since its peak after launching late last week. The price had fallen to around $ 5.40 at the time of this writing, probably due to a sale of the airdrops tokens.