'We need to build bridges to a full crypto world'

'We need to build bridges to a full crypto world'

We picked up tweets where the industry influencers are talking about the recent news and global issues — from the final chord in the bug's story to news of the resignations

Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account.

I call Bullshit: Reason all these guys r leaving is cause they too want to print their own money via yet another useless centralized #ICO layer while people r still too dumb to understand that @EOS_io is just another centralized project & Larimer will do same - again. #Bitcoin

Tone Vays, Trader, Analyst and Content Creator

Bitcoin

BTC
Price
8,744 USD -0.58%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 USD
56%
Emission
84%

Related news

Bitcoin mining pools Poolin and BTC.com compete for the position of dominant mining pool

Founded in 2015, BTC.com, a mining pool owned by Bitmain is one of the largest in the world. BTC.com has dominated the mining pool and had retained its dominance through the first and second quarter of 2019. The mining pool was holding a 15.42% share of the total hash rate in Q1 and a 19.86% […] The post Bitcoin mining pools Poolin and BTC.com compete for the position of dominant mining pool appeared first on AMBCrypto.
AMBCrypto

Episode #427 Bitcoin To $40,000 This Fall?

We pass along some comments from a top cryptocurrency trader. Plus, the Tiki God Pilau Lolo is back!! Follow Us: https://cryptoviewing.com https://twitter.com/cryptoviewing https://facebook.com/cryptoviewing Join Us: https://patreon.com/cryptoviewing BTC:16aSJUYcGRLixKeeSoUpzkGdcNZhigWHy1 LTC: LaAcZvAgHeFH7eWKjZZ7fweKicWsBZELbH ETH: 0xBB843a08F639A1831eEA2Ec76Accb76d661411c0 BCH: qqv3j4qxs9t6n5qdh9lcf9wlhet3mkw3f5rma7pvqy
Crypto Viewing

How Much BTC Do You Need to Be a Bitcoin Whale?

So you wanna be a Bitcoin whale? The amount of BTC you need to influence the markets in the future could be drastically smaller than today. A Bitcoin Whale Moves $1Bn (94,504 BTC) 10 days ago, a Bitcoin whale (yes, the mother of all Bitcoin whales) moved $1 billion of BTC in just one transaction. Understandably, that amount of bitcoin on the move from the largest non-exchange address triggered a wave of speculation–from Bakkt warehousing to a massive incoming dump. Whatever the reasons, you have to admit, moving that much money in one whale tail swipe is pretty awesome… And a little bit scary. Ummmm that’s a billion dollars. pic.twitter.com/iRTlcRmd4K — Houden (@BitHouden) September 6, 2019 Bitcoin whales have the power to move the markets. As per research conducted by Diar this time last year, more than 55% of the world’s circulating supply of Bitcoin was controlled by less than 1% of all BTC wallets. That means that a very small amount of people have a very large influence on what happens to BTC’s price. But as one user pointed out on Reddit earlier, the number of bitcoins needed to be a BTC whale may change significantly over time. How Many Bitcoins Make a Whale? The Reddit user wrote: 10 years ago if you had 10,000 Bitcoin you’re not a whale. You’re merely a pizza eater. Today I believe hodling 1,000 BTC (maybe even less?) would make you a whale. Is there a future ahead where 100 BTC qualifies you as a whale? 10 BTC? Even one single coin? It’s certainly an interesting question which, naturally, sparked a host of interesting answers. Some people believe that, in the future, to be a Bitcoin whale, you’ll only need to own 0.28 BTC. Others disagreed, arguing that you’ll still need around the same amount as now. pic.twitter.com/DDNTESGOxb — Zaina (@Zaina87348021) September 6, 2019 Why? Because the ability to move the market has “nothing to do” with the USD value but the percentage of the total supply you have. This may not be the case, however, according to some. After all, they argue that your ability to influence the market is not relative to how much BTC you hold but “the total amount of available liquidity on the markets.” This means that as more individuals hold bitcoin, there will be less liquidity and smaller amounts of BTC will yield more influence. The Community Is Undecided It seems that the Bitcoin community doesn’t have a clear answer to the Redditor’s question of how much BTC you’ll need to be a Bitcoin whale in the future. The debate raged on inconclusively with others pointing out that, while 10K BTC may make a movement if you moved it all; you would cease to be a whale immediately after. Moreover, while 1 BTC may be extremely valuable in the future, it will never have the power to move the market since 1/21,000,000 is basically “peanuts.” How many bitcoins will one need to have to become a whale? In the future? Share your thoughts in the comments below.  Images via Bitcoinist Image Library, Twitter: @whale_alert  The post How Much BTC Do You Need to Be a Bitcoin Whale? appeared first on Bitcoinist.com.
Bitcoinist

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.