See How Fast Your Savings and Salary Are Collapsing Against Bitcoin

Published

4 hours ago

November 15, 2024

With the price surging above $90,000, you’re likely all too aware that everything that isn’t Bitcoin is rapidly diminishing in value…

Follow Rizzo on X.
https&colon;//x&period;com/pete&lowbar;rizzo&lowbar;/

But now you can visualize it! On PricedInBitcoin21.com.

I just discovered this website this week, and as a Bitcoin owner, I’ll say it makes me feel better about my financial decisions.

As you can see from a quick glance here, the U.S. dollar is now down 86% against Bitcoin on a 5 year basis.

Ouch.

Most of the charts are a sea of red.

Here’s a look at Bitcoin’s performance against precious metals. I’m glad I don’t own any! From a quick look, we can see they are rapidly going to zero against a superior asset…

At this point in the article you’re either depressed beyond all reason, or reasonably happy, so I figured we’d throw in another chart.

This one shows how fast the value of wages are dropping against BTC. I still get paid in dollars, preferring to roll over my savings, but I have to say, this makes me reconsider the decision…

On a 5-year basis, you’ve lost nearly all of your purchasing power. Wow-wee. At least you didn’t buy livestock…

Anyway, I’ll be bookmarking this site, and referring back to it.

If you don’t yet own Bitcoin, it provides all the evidence you need to understand the situation – get off zero or face the red wave of economic reality.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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Hedera’s HBAR momentum has just began, analyst says

Published

1 hour ago

November 15, 2024

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Hedera Hashgraph was one of the best-performing cryptocurrencies on Friday, November 15, as a popular crypto analyst made his bullish case.

Hedera Hashgraph (HBAR) price rose to $0.0767, its highest level since July 17, and 66% above its lowest level this month.

In an X post, a trader known as Maverick, who has over 145,000 followers, said that HBAR’s climb had just begun. He believes that it can surge to the year-to-date high of $0.1813, which is about 182% higher than the current level.

$HBAR Breaking Barriers!
After nearly 250-day downtrend, @hedera is on a stellar rally:
📈+40% in the last 7 days
📈+16% in the last 24 hours
📊112% spike in trading volume to $563M in 24 hours
Momentum surged after Canary Capital’s Hedera ETF filing, marking a pivotal… pic.twitter.com/N5F3j2I1U3
— Maverick (@degen_maverick) November 15, 2024

Maverick cites the rising Hedera Hashgraph’s volume and the recent application of a spot ETF by Canary Capital as a potential catalyst. There is a likelihood that Donald Trump’s Securities and Exchange Commission would easily approve such an ETF.

Another potential catalyst for Hedera Hashgraph is that its futures open interest has been in a strong uptrend. It jumped to $66.7 million, up from $26.6 million in September, a sign that it is seeing strong demand.

Still, Hedera Hashgraph has numerous challenges. For one, while it counts large companies like Ubisoft, Dell, Boeing, Google, and Deutsche Bank as members of its governance council, its ecosystem is fairly small.

For example, it has a DeFi total value locked of just $44 million, making it much smaller than newer blockchains like Sui and Base Blockchain. DEX networks in its ecosystem handled tokens worth $35.4 million in the last seven days, making it the 32nd biggest chain in the industry.

HBAR price could hit $0.1 soon

SHIB price — HBAR price chart | Source: crypto.news

The daily chart shows that the Hedera Hashgraph price has bounced back in the past few days. This recovery happened after it formed a double-bottom pattern around the support at $0.045. In most periods, this is one of the most bullish patterns in the market.

Hedera has also soared above the key resistance level at $0.063, the neckline of this pattern. It has also jumped above the 50-day and 200-day moving averages.

Therefore, the path of the least resistance for the coin is bullish, with the next psychological level to watch being at $0.10, which is about 45% above the current level. The stop-loss of this trade will be at $0.055.

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Bitcoin

Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals

Published

1 day ago

November 14, 2024

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“This report tells the story of progress and calculated risk, the use of a diverse set of strategies to leverage opportunities and most of all, the continued belief in the market’s long-term potential to reshape traditional financial markets” Lucas Schweiger, Sygnum Digital Asset Research Manager and report author, said in the press release shared with CoinDesk.

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all time high

Bitcoin May Hit $100,000 Faster Than Expected

Published

2 days ago

November 14, 2024

admin

It’s been just over seven days since Trump was re-elected as president of the United States, and bitcoin is up over $18,800 (25.3%) at the time of writing. And it’s currently steamrolling its way towards $100,000.

I cannot lie, this is all happening way faster than even I expected.

$100,000 has, for the last four years, been the magic number Bitcoiners have been laser-focused hitting. It felt like there was consensus among Bitcoiners during the 2021 bull run that we were guaranteed to hit this target. But alas, the 2021 bull run underperformed most people’s expectations, with bitcoin’s price only reaching a high of $69,000 (which in retrospect, was a great run considering the low of the previous bear market was ~$3,000), $100,000 bitcoin was put on hold. But now, we’re almost there.

I feel like the price of BTC loves to do the opposite of what everything thinks it will do. Just when everyone thinks bitcoin is going to rip forever, bitcoin’s price falls or stagnates and vice versa (which is why it might not be so safe to assume we’re going straight to $100,000 from here).

Even I’m guilty of this, as I’ve been telling myself for a long time that the battle for $100k is going to be extremely tough with the amount of sell pressure I was predicting there to be. I think $100k is a number at which traders, ETF buyers, and OG whales may take some profit and that it would be an uphill battle to get there. And it still very may well be, considering we are only at $93,000 currently. But since Trump won the election, there has been practically no sell pressure, and we’re slicing through new all time highs like a warm knife through butter.

Bitcoin is now up over $5,500 (6.22%) today alone. If Bitcoin continues this momentum, we could see $100,000 BTC literally any day now — including even today. Nothing is off the table. Throw all your models out the window, they’re all being broken by the buying pressure from these ETFs and those trying to front-run the U.S. government’s implementing a Strategic Bitcoin Reserve.

Bitcoin is on its path to taking on gold as a legit reserve asset. $100k is the next big milestone for bitcoin to hit along this journey, and it may just come faster than expected.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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