Bitcoin course: crab-like instead of Bull Run – The situation on Wednesday

The price of Bitcoin is stagnant once again, however, there are good reasons not to bet on Bitcoin. Exactly the approximately Square, and Norwegian Airline.

By Christopher clover
31. July 2019BTC$9.969,00 4.14%part Facebook Twitter LinkedIn xing mail bitcoin Optimismus2 in Square

The price of Bitcoin over the past two weeks in the (stable?) The location page. It is also on the 22nd of may. July started Test the many Hodlern long-awaited Bitcoin Futures of the brand Bakkt change anything. Nevertheless, the inherently forward-looking Bitcoin scene will not stop to deal with questions of detail, which become relevant if the most optimistic course should prove to be forecasts. After Bitcoin has not kept up with the icon ₿ already in the year 2017, to enter the Unicode, need long term it is also a symbol for the Satoshi. This is not the unknown Person or group that created Bitcoin, but the smallest unit into which a BTC can be disassemble. The search for the most suitable Satoshi Symbol is driven among other things by Square, the payment services company of the Twitter chief Jack Dorsey, forward.

Now, it is no secret that the founder of Twitter, thinks the world of the crypto-currency Numero uno. This is reflected in the strategy of his second company, Square. American users of the „Cash App“ have already for some time the possibility of not only Fiat-to manage stuff with your Smartphone, but also Bitcoin. Square sets in the long term on Bitcoin. This has underlined the company in the question and answer session on Twitter, the 29. July has held:

Our goal is to Bitcoin for all. We focus on improving the Bitcoin user experience for Mainstream users. This will determine our way of Thinking,

a response to the company about the question of where it sees itself in five years.

Beyond Bitcoin-course: „Old BTC“ all-time high

The American payment service provider is Bullentum, of course, is not alone. A metric that indicates the Status HODL beyond the Bitcoin exchange rate, especially vividly is the amount of BTC that have not been moved for quite some time. So the Blockchain has released analysis company Coin Metrics, a study, the number and age UTXOs (Unspent Transaction Outputs) in the Bitcoin-lit network. Thereafter, the amount of Bitcoin that is untouched for at least five years is high, „recently, an all-time“. An indication that there is a not insignificant number of Bitcoin investors, the my it with the Hodln seriously. Or your Private Keys have been lost.

The analysis has, however, also less positive data surface. So the Hash Rate of the Bitcoin has taken off-network, after the price of Bitcoin has continued its journey to the South of the-year highs.

fly is only beautiful, when you can pay with BTC

a certain amount Of inconsistency can not make the Hodler community, however, free. This is true at least for those parts which demand on the one hand, more acceptance for Bitcoin, but at the same time not in a dream, to think, to seek your precious Asset for something as Simple as buying a Cup of coffee (which has somehow managed to sense the image of a successful mass adaptation). Nonetheless, Each message of a company, Bitcoin as a payment option to introduce, there are water on the mills of the bulls, the hope of a rise in the Bitcoin price. Against this Background, pilot, Norwegian Air also came a message to the Norwegian cheap a positive response in the BTC-echo-chamber. To Bitcoin-owners, where your BTC are not too bad to Spend, with Norwegian Air can stand out, it is, however, to clarify a number of technical issues. An answer could provide the Foundation of an own Exchange – an idea that the Norwegian Air is currently toying.

block stream presents: accelerate Liquid Tether

Bitcoin transactions is a concern that the Blockchain-company, with the Norwegian Air toying currently, quite big on the Flag wrote. The block stream developed a Liquid Network is to make Bitcoin transactions faster, by a kind of Bitcoin“derivative“ called Liquid-Bitcoin (L-BTC) is used. The Whole thing takes place on a so-called Sidechain is a Blockchain that is associated with the Blockchain of Bitcoin. Now block stream has extended this principle to the Stable Coin Tether, and L-USDT lifted from the baptism.

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