Bitcoin price has finally closed a weekly candle over $60,000 on Binance for the first time in the asset’s history, marking the highest weekly close ever. However, just as such a moment is realized, a highly accurate top-sniping indicator with a three for three success rate has called the top of the current crypto market cycle.
Stickevers, who is launching a 'Crypto Astrology' group, is very bullish on digital currency and believes the decentralized financial system will overtake the current centralized one by 2030. He suggested that bitcoin will rise in value to around $80,000 in May and hit about $120,000 in December 2021. Pin General Astrology Outlook for 2021. As we examined the stars for 2021, looking in earnest for signs of stability, a story began to unfold. There’s no denying it: We are in the middle of a great historical change that we believe will truly start taking shape in 2022. Bitcoin mining and its use by “green” companies such as electric car manufacturer Tesla has previously come under fire from critics due to its energy intensity. Full story The post China’s bitcoin mining threatens climate goals as energy consumption overtakes that of European countries appeared first on The Global Warming Policy Forum.
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.The currency began use in 2009 when its implementation was released as open-source software. Bitcoin is basically a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries, Says Astro-Business Strategist Hirav Shah.
Operation of Bitcoin
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimated that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity used by miners, price volatility, and thefts from exchanges. Some economists, including several Nobel laureates, have characterized it as a speculative bubble at various times. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.
Development over the last year of Bitcoin
On 11 March 2020, 281 000 bitcoins were sold by owners who held them for only thirty days. This compared to ₿4,131 that had laid dormant for a year or more, indicating that the vast majority of the bitcoin volatility on that day was from recent buyers. During the week of 11 March as a result of the pandemic, cryptocurrency exchange Kraken experienced an 83% increase in the number of account signups over the week of bitcoin’s price collapse, a result of buyers looking to capitalize on the low price. On 13 March 2020, bitcoin fell below $4000 during a broad COVID-19 pandemic related market selloff, after trading above $10,000 in February 2020.
In August 2020, MicroStrategy invested $250 million in bitcoin as a treasury reserve asset. In October 2020, Square, Inc. put approximately 1% of their total assets ($50 million) in bitcoin. In November 2020, PayPal announced that all users in the US could buy, hold, or sell bitcoin using PayPal.
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On 30 November 2020, bitcoin hit a new all-time high of $19,860 topping the previous high from December 2017.Alexander Vinnik, founder of BTC-e, was convicted and sentenced to 5 years in prison for money laundering in France while refusing to testify during his trial. In December 2020 Massachusetts Mutual Life Insurance Company announced it has purchased $100 million in bitcoin, or roughly 0.04% of its general investment account.
On 19 January 2021 Elon Musk placed #Bitcoin in his Twitter profile tweeting “In retrospect, it was inevitable”, which caused the price to briefly rise about $5000 in an hour to $37,299. On 25 January 2021 Microstrategy announced it continued to buy bitcoin and as of the same date it had holdings of ₿70,784 worth $2.38 billion. On 8 February 2021 Tesla’s announcement that it had purchased $1.5 billion in bitcoin and planned to start accepting bitcoin as payment for vehicles pushed the bitcoin price to an all time high of $44,141. On 18 February 2021, Elon Musk said that “owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold”.
It was announced in September 2020, that the Canton of Zug (in Switzerland) will start to accept tax payments in bitcoin from February 2021.
Future of Bitcoin by the end of 2021
In Astro-Strategist Hirav Shah’s Words- 2021 is shaping up to be an exciting and dynamic year for the blockchain and crypto asset space, and the future seems bright for continued growth and implementation.
That said, Hirav Shah makes generalised predictions as to where might Bitcoin reach by this year end.
1. Moving into Mainstream
Bitcoin will expand beyond financial services.This is an especially promising and revolutionary technology because it helps reduce risk, stamps out fraud and brings transparency in a scalable way for myriad uses.
This may come as something of a surprise to the individuals and organizations that operate in the blockchain and crypto asset space, but the (much) larger non-expert population still commonly associates blockchain as meaning bitcoin.
2021 is shaping up to be the year that, across the board, bitcoin moves into the mainstream and a much wider range of economic sectors. Healthcare, transportation, and logistics are just a few of the areas that may benefit from wider blockchain adoption and implementation.
2. Closure above $30, 000
Bitcoin will close 2021 above $30,000. This might seem like a conservative prediction, especially given the runup that has occurred at the end of last year, but prices do not go up forever. Given the institutional fund flows and interest, however, it does seem that these recent price trends have support.
3.Central bank digital currencies (CBDCs) will be introduced
The rise of CBDCs is all but assured, and the only remaining question is the exact timing of this launch. With efforts underway across the globe, the only unresolved item is which nation will deploy a CBDC first.
Alongside these implementations, however, will be renewed concerns around privacy and security.
4. Escalation of Tax enforcement
The Internal Revenue Service (IRS) has made several moves in the last year or so that indicate the seriousness with which crypto tax enforcement will be handled moving forward. Taxes, however, are not a U.S. only issue, and with the runup in cryptocurrency prices in 2020, expect that tax authorities the globe over will take a fresh look at this potential revenue.
2020 has been a tumultuous year to put it mildly, but against that backdrop the blockchain and cryptocurrency sectors continued to advance, develop, and grow.
Whether it took the form of increased regulatory attention and clarification, wider adoption of bitcoin and other cryptocurrencies as a medium of exchange, or the broader utilization of blockchain across different organizations, the predictions are clear, says Hirav Shah.
Hirav Shah Opines- Blockchain and cryptocurrencies have moved, by any metric, far from the earlier days of conceptual understanding and technical curiosity, and have now become part of the mainstream business conversation.
Bitcoin Predictions For 2021
You might think, making forecasts about the future is always a tricky endeavor, and doubly so for such a fast moving and evolving sector.
But, hang on….
Bitcoin Astrology 2021 Horoscope
Today things can be certain.
You can know the results in advance.
You can plan accordingly and be certain and confident about the massive decisions you are taking.
Yes,it’s possible through Astro-Business Strategy, Concludes Hirav Shah, India’s Most Trusted & Influential Astro-Business Strategist.
Bitcoin Astrology 2021 Horoscopes
Apr. 23, 2021 / PRZen / SAN FRANCISCO -- Kathir Subbiah, widely known as KT Astrologer, was born in India. He did his M.S. Software System from BITS, Pilani. He learned Vedic astrology since early 2000 by doing research, case studies, analytics, analyzing the pattern and real-life events. He is writing Monthly Predictions, New Year Predictions, Jupiter, Saturn, Rahu / Ketu Transit predictions on his website and also in his YouTube channels – KTAstro TV for more than 10 years.
April 11, 2021 - KT Astrologer is predicting bitcoin crash of more than 50 percent between April 12, 2021 and Jun 07, 2021. Here is the link to his video https://www.youtube.com/watch?v=JwENDVwXnfg
Here is the transcript:
As of April 11, 2021, Bitcoin is trading around 60,000 US$.
I am expecting more than 50% crash in the next 8 weeks between April 12, 2021 and June 7, 2021. It means Bitcoin will be trading below 29,000 at least once before Jun 7, 2021.
April 20, 2021 - KT Astrologer has published another video about bitcoin with exact crash dates. Here is the link to the video https://www.youtube.com/watch?v=cKC55Yq1lY8
Here is the transcript:
As of today April 20, 2021, Bitcoin is trading around 56,000 US$. More than 20% crash on a single day is possible in any of the following 3 dates:
April 22, 2021
April 26, 2021
April 29, 2021
Total percentage drop could be 30 percent from April 20, 2021 to April 29, 2021. As a result of Crypto Currencies Crash, Stocks like SQ and TSLA will also go down a lot.
Disclaimer: Please note that you are responsible for trades and risk management. This content can be used only for informational and educational purpose only.
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