So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
Not left with expensive obsolete hardware when mining becomes unprofitable: Lack of control and flexibility, less fun, and lower profits due to operation fees charged by operators : Bitcoin Mining Software. The software used to mine BTC is just as important as the hardware. Different software has been created for different hardware. You want to get the most out of your hardware, so utilizing ... But, as we now know, that was the first Bitcoin transaction for a real-world item ever. Since then, May 22nd has been deemed Bitcoin Pizza Day, which cryptocurrency investors celebrate every year by buying pizza — with cryptocurrency if possible. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino's Exotic Crypto Paradise . Bitcoin-Pizza-Tag: Heute vor 10 Jahren kaufte jemand ... Dutch ‘Bitcoin City ’ Project Shows Most People Don’t Want to Spend BTC The number of merchants accepting Bitcoin is growing worldwide , but there’s a caveat . The majority of the Bitcoin users don’t want to spend the digital gold , at least not yet . The Most Expensive Takeout Order Ever It didn’t take long before jokes began popping up on Hanyecz’s forum post. At the beginning of August, his order was worth well over $600 and many began taking him up on his offer. Below I will write down list of things ever bought by bitcoin. Pizza. Perhaps most popular bitcoin index is the pizza index which show todays price of pizza ordered in 2010. Someone bought 2 Pizza with 10.000 Bitcoins. Todays price one of this pizza is 5000x$4500=$22.500.000 and for both of them it will be insanely $45.000.000 USD Dollars One reply on the original Bitcointalk thread mentioned that 10k BTC was a “bit too expensive” for two pizzas, as it was worth over U$ 41. At today’s prices, the pizza transaction would total over U$ 91 million, making them the most expensive pizzas ever purchased. Bitcoin Pizza Day. Bitcoin Pizza Day is celebrated every year on May 22. Bitcoin Pizza day 22nd May. Bitcoin Pizza day is here and this offers a great opportunity to see how far we have come in 9 years. Tonight I will be attending a Pizza night with a large group of Bitcoin enthusiasts. I fully expect some heated debate as the different communities within Bitcoin, Bitcoin Cash and Bitcoin SV will all be eating and ... The World’s Most Expensive Pizza. The two pizzas were purchased for 10,000 BTC in 2010, an amount of bitcoin then worth approximately $25 dollars is now worth a mouth-watering $75 million. The pizzas were ordered by Laszlo Hanyecz who paid a fellow Bitcointalk forum user to get them. The event is widely seen as the first occasion that Bitcoin ... Little did he know that will be, in fact, that this resulted in the most expensive pizzas ever bought. Today, that amount in Bitcoin is worth over $7 million. Better yet, if he would have kept the Bitcoin until the crypto market boom in 2017, he would have got somewhere around $70 million. The first Bitcoin transaction. The first block was added to the Bitcoin block on January 2009. Not long ... Bitcoin Pizza Day anniversary came round on May 22, a reflection on the most expensive pizza ever – a $5.2 million pizza! The picture shows the transaction on the Bitcointalk forum. What a way to burn through 10,000 BTC! Adding legitimacy to the virtual currency, Canada took steps in enacting law aimed at Bitcoin in the month of June.
[index]          
05/23/17 It's been 7-years since Bitcoin Pizza Day & prices are surging above $2,000. In the 7-years since Bitcoin was first exchanged for $30 in pizza (PZZA), the current value of the same amount ... Heute geht’s um folgende Themen: Türkei plant digitale Lira Ende 2020, EU-Strategiepapier schlägt gemeinsame europäische Digitalwährung vor & Doch kein Bitcoin Mining Verbot in China. 1 ... Bitcoin Ethereum Litecoin Ripple Binance Technical Analysis Chart 4/28/2019 by ChartGuys.com ... The Most Expensive Weapon Ever Built - Duration : 8:20. Mr. Luxury Recommended for you. 8:20 ... Forget Lambos. The first car ever purchased with Bitcoin was a Toyota Prius. Owner Michael Tozoni takes us for a drive and tells CoinDesk what he loves – and regrets – about his purchase. #BINANCE #BITCOIN #ETHEREUM A Competition for all Binancians & Fans with Bitcoin and Ethereum Airdrop! To participate, and read the competition rules please ... Bitcoin dominance on Coinmarketcap is 70% but is it actually 90%? New data taking liquidity into account, puts bitcoin dominance over 90% especially when using REAL volume exchange data. What does ... A friend of mine created the Bitcoin Pizza when Bitcoin was about $2,000. Now...its way more, but its still a bitcoin if you want one! Thanks to PIE for making this happen. Oh you also get ... You can join Binance exchange at this link down below: https://www.binance.com/?ref=10199326 You can join Kucoin exchange at this link down below: https://ww... The inside story of Binance’s explosive rise to prominence Narrated by The #Cryptocurrency Portal on Monday Jan. 6th, 2020 If you like this content, please consider subscribing to our channel ... Thank you, Blessings and Happy Mining, Start mining your first Bitcoin today! Thank you for using my code, I will use yours! Thank you for using my code, I will use yours!