11-07 14:14 - 'Here’s how we can achieve my price target of 28$ XRP The simple 2015 fractal looks to be in play 👀 (it could take longer to develop) All I know is that I hold some' (i.redd.it) by /u/pubgmoments7 removed from /r/Bitcoin within 4-14min
This graph shows Bitcoin price and volume (ie, blocksize of transactions on the blockchain) rising hand-in-hand in 2011-2014. In 2015, Core/Blockstream tried to artificially freeze the blocksize - and artificially froze the price. Bitcoin Classic will allow volume - and price - to freely rise again.
http://nakamotoinstitute.org/mempool/how-we-know-bitcoin-is-not-a-bubble/#selection-59.4-68.0 (Scroll down to see the graph - also note there is a typo in the legend: "Bitcoin market map" should say "Bitcoin market cap[italization]".) Without artificial limits, Bitcoin volume and price are naturally and tightly correlated. This tight, lockstep correlation between those two lines during 2011-2014 has been absolutely amazing - one of the tightest correlations you'll ever observe in any dynamic system anywhere, in economics, sociology, or nature. Price and volume rose (and fell) hand-in-hand for 4 years straight - one of the most majestic examples of emergent phenomena in the whole history of economics. Left to run its natural course, this graph would probably have continued in lockstep, and thus would have eventually gone into the history books of future generations, marking the inexorable emergence and dominance of the cryptocurrency known as Bitcoin - the inevitable triumph of humanity's first decentralized and permissionless store of value, medium of exchange, and unit of account - steadily rising through the years in price and volume - and in usefulness. Then in late 2014, a new company called Blockstream tried to block this natural progression. The oligarchs behind the ancien régime of debt-backed, violence-enforced infinite fiat thought they had figured out a clever way to attempt to make their last pièce de résistance while making some money too. They brought out their their usual grab-bag of assorted dirty tricks which they typically use to take down any new social or economic or political movement that promises to liberate people from the stranglehold of private central bankers:
They bought off the Core developers, bringing them into the Blockstream corporation, with a measly initial $ 21 million in funding, and now adding another measly $ 55 million (mere chump change compared with the tsunami of trillions of dollars in wealth which Bitcoin's market cap could eventually represent).
They figured out how to "play" the Core devs like fiddles, turning them into "useful idiots": taking advantage of their cypherpunk sensibilities and economic innocence in order to trick them into thinking that the only metric of decentralization was "The blocksize must remain small enough for Luke-Jr to run a node over a slow-ass internet connection in the backwaters of Florida" - while making them ignore all other metrics, in particular: decentralization of mining, and price & adoption.
So far, Blockstream thinks they're winning in their battle to control Bitcoin.
They succeeded (during 2015) in splitting the community, maybe even creating even a few more useful idiots in the process.
They succeeded (during 2015) in suppressing the price: as you can see by observing how the lockstep correlation between price and volume diverged in 2015, with the price now lagging and sagging below the volume for the first time ever.
https://imgur.com/jLnrOuK But can they keep spreading around their fiat and FUD to continue fooling all the people all the time? Probably not. Because... Now you can choose to run a repo without Blockstream's artificial scarcity on blocksize and transactions on the blockchain. Now, instead of running the Bitcoin Core repo from Blockstream, you can run any one of these another tested and deployed repos, which do notartificially limit the blocksize to 1 MB:
Bitcoin is a natural, market-based and community-based, emergent phenomenon. At its heart, in the words of Satoshi Nakamoto, Bitcoin is a P2P Electronic Cash System where Alice "A" can send to Bob "B" some amount of Coins "C", secured via a cryptographic signature. It may come as a shock to certain people's egos, but even if most of the devs were to suddenly stop working now - the current system would probably work fine for the next few years - with investors and businesspeople continuing to gradually increase the price and volume in accordance with the desires of the worldwide market, and miners and full-nodes continuing to gradually increase the "max blocksize" in accordance with the capacity of the worldwide infrastructure - and everyone continuing to innovate and participate in the growth of the system in accordance with the desires of the worldwide community. Bitcoin doesn't really need a whole lot of interference from devs trying to centrally plan what the "max blocksize" should be - or mods trying to centrally control what the "consensus of opinions" should be. These kinds of things are better left to just naturally emerge on their own. Central planning and control are not needed. As we have already seen, when the market is allowed to determine Bitcoin price and volume on its own, they both naturally go up, hand-in-hand - while the value of centrally-planned fiat goes down and and down. And when the community is allowed to determine upvotes and downvotes on its own, the quality of debate naturally goes up - while the quality of centrally-controlled debate on censored forums goes down and down. We all know that Bitcoin is supposed to be trustless and permissionless. Bitcoin development should also be egoless. As a dev or a mod, it's hard to "step aside" and let the market or the community decide. It's much more tempting to interfere: enforce a limit here, delete a comment there. But the market and the community are emergent phenomena. They work best when devs and mods learn to put aside their egos and "step back" and let the market and the community do what they will. This is the raison d'être of Bitcoin Classic, Bitcoin Unlimited, and Bitcoin XT: learning to let the market and the community decide again - learning to step back again, and let the price and volume go up again, with no unnecessary interference from devs or mods. https://imgur.com/jLnrOuK
What do you think will be the price of 1 bitcoin in January 1st, 2015?
This question is based on the The Wisdom of the Crowds theory. Please write your answer in USD and avoid lengthy comments. Thank you. We will publish the results after we get at least 100 responds. EDIT: So far the wisdom of the crowds predict 1 bitcoin will be valued in $1802 by January 1st, 2015 (which is in 4 month)
Can you believe it? I used to post Bitcoin related posts in 2015 when Price of BTC was only $295!
I remembered few years back in 2015 when I was into Bitcoin but bitcoin was not as big as it is now. And No one knew if it would ever really take off in the very mainstream way it has in 2017! The value of bitcoin has steadied somewhat after hitting a new record high over the weekend. The cryptocurrency, which is attracting a huge amount of mainstream attention, passed the $11,800 mark on Sunday night, before dropping sharply and then stabilising. Now, week-on-week, bitcoin (BTC) is up 18 percent, while on a monthly basis, it has gained more than 50 percent and more than 1,390 per cent over last year. Bitcoin is notoriously volatile, and its value is expected to continue to fluctuate wildly. Naturally, its spectacular rise has coincided with increasing amounts of interest, with more and more people now looking to invest. So how do you see this playing out?
“It could be worth nothing, for all we know. Anything anyone says about the price of bitcoin in the future is pure speculation and like predicting the outcome of a slot machine.“ — Jackson Palmer, creator of dogecoin on bitcoin price in 2015
PayPal vs Square: Which Fintech Stock Is A Better Buy?
The COVID-19 pandemic is accelerating digitalization and has led to a spike in online transactions and e-commerce sales. According to PayPal, the penetration of e-commerce as a percentage of retail sales in the first half of 2020 outpaced prior external forecast by 3 to 5 years. Both consumers and merchants are increasingly adopting digital payments as contactless transactions have become increasingly important amid the current crisis. The rapid penetration of digital payments led to double-digital revenue growth in the second quarter for PayPal and Square. Using the TipRanks Stock Comparison tool, we will place these two fintech payment firms alongside each other to assess which stock offers a more compelling investment opportunity. PayPal Holdings (PYPL) PayPal, which was spun off from eBay in 2015, has emerged as the digital payment leader. In the second quarter, PayPal added 21.3 million net new active accounts, reflecting a 137% Y/Y rise and marking the strongest growth in the company’s history thanks to a surge in e-commerce and digital payments. As of the end of 2Q, PayPal had 346 million active accounts with over 26 million merchant accounts. The company’s 2Q revenue surged 22.2% Y/Y to $5.26 billion. And adjusted EPS rose 49% to $1.07 as the adjusted operating margin expanded 504 basis points to 28.2%. Total Payment Volume or TPV, which indicates payments processed through the PayPal platform, grew about 29% to $222 billion. Venmo, Paypal’s mobile payments platform, witnessed a 52% growth in its TPV to $37 billion. Following the strong 2Q momentum, PayPal reinstated its 2020 guidance and in fact, raised it. The company expects revenue growth of 20% and adjusted EPS growth of about 25%. It anticipates adding 70 million net new active accounts this year. To boost its top-line further and promote touchless payments, PayPal launched QR Code technology in 28 markets globally in May. CVS Pharmacy will be the first retail chain to offer its customers the option to use PayPal and Venmo QR codes at checkout in its US stores. The company will also launch Venmo credit card this year. PayPal has also expanded its Visa Direct partnership globally to accelerate real-time access to funds for small businesses, consumers and partners across its platform. This collaboration enables PayPal to extend global white label Visa Direct payout services through PayPal and its Braintree, Hyperwallet and iZettle platforms. On Sept. 22, Mizuho Securities analyst Dan Dolev reiterated a Buy rating for PayPal with a price target of $285 as the Mizuho E-Commerce Tracker showed that unique views across key PayPal partner sites (like Etsy, Groupon and Wayfair) remained strong in July and August and also pointed to potential signs of life in the beleaguered travel category. The Tracker also indicated that PayPal’s unique views continued to grow ahead of partner websites in the last two months, reflecting persistent share gains for the checkout button. Overall, the analyst expects strong July and August e-commerce trends coupled with share gains to bode well for the company’s second-half TPV. (See PYPL stock analysis on TipRanks) PayPal stock has rallied about 74% year-to-date and could rise further by 17% in the coming months as indicated by the average analyst price target of $219.77. The stock scores a Strong Buy consensus based on 28 Buys, 5 Holds and no Sell ratings. Square (SQ) Payment facilitator Square is growing rapidly as consumers and businesses are migrating online at a faster pace amid the pandemic. From February through August 2020, there was a 13.2 percentage point increase in the share of Square sellers accepting online payments and by August, over 40% of all Square sellers were accepting online payments. Also, by August, more than 7 in 10 Square sellers were accepting contactless payments. The company’s Cash App ecosystem delivered $1.2 billion in revenue in the second quarter, reflecting a whopping 361% Y/Y growth. The Cash App had over 30 million monthly transacting active customers in June. Aside from the accelerated digital migration, Cash App also gained from the impact of Fed stimulus, unemployment checks and tax refunds. Second-quarter revenue grew about 64% Y/Y to $1.92 billion. But excluding bitcoin revenue, net revenue of $1.05 billion was flat Y/Y. Meanwhile, 2Q adjusted EPS declined 14.3% to $0.18. The strong growth in Cash App revenue was offset by the 17% decline in the company’s core higher-margin Seller business to $723 million. Square’s gross payment volume or GPV fell 15% Y/Y to $22.8 billion. The Seller segment was impacted by lower volumes as several businesses were forced to close amid the shelter-in-place orders triggered by the pandemic. However, the company stated that the Sellers business improved with each month in the quarter as restrictions eased and more sellers adapted to the contactless platform. Meanwhile, GPV from online channels grew over 50% and accounted for 25% of the Seller GPV reflecting the rapid adaption of online solutions by the sellers. (See SQ stock analysis on TipRanks) Recently, the company announced two new features called On-Demand Pay for employees and Instant Payments for employers. These new features will further integrate Square’s Seller and Cash App ecosystems to offer financial services and simplify payroll. Loop Capital analyst Kenneth Hill has just initiated coverage of Square with a Buy rating and a price target of $169. The analyst sees a great deal of upside ahead in the fintech company, driven by further investment in the business and monetization of the Cash App. Hill also believes that on the Seller side, the SMB network should "hold in well and continue a sustained recovery." The Street has a cautious Moderate Buy consensus for Square with 14 Buys, 12 Holds and 2 Sells. Square stock has risen a stellar 149% year-to-date, so the average analyst price target of $151.77 indicates a possible downside of 2.5% ahead. Bottom line Both PayPal and Square have strong growth prospects in the digital payments world. If we look at the Street’s consensus and further upside potential, PayPal stock appears to be a better choice than Square currently. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. https://finance.yahoo.com/news/paypal-vs-square-fintech-stock-102007024.html
[WTS] Recent US Mint Platinum/Gold/Silver, Certified Pre-1933 Gold, Pandas, Lots of Nice Stuff
Prices are firm; however, I am willing to combine or eliminate shipping costs if you are buying more than one lot. "SPOT" refers to the melt value of the coin given the current spot price. FOR BITCOIN SALES I WILL KNOCK 1% OFF PRICE I am also looking to trade for 1 oz carded gold bars. I would count those as 1 oz SPOT + $40 in trade value. Verification: https://imgur.com/QtcEZ6e , https://imgur.com/hXj8EqB , https://imgur.com/a/9XLS5zL For boxed stuff, all government packaging and COAs included. Lot 1: 1985 1 oz 100 Yuan Gold Panda NGC MS68 - SPOT + $125 SHIPPED Lot 2: 2001 1 oz 500 Yuan Gold Panda - SPOT + $110 SHIPPED (I wouldn't call this coin BU but it's OK) Lot 3: 1892 $10 Gold Liberty NGC MS62 - $1050 SHIPPED Lot 4: 1904 $20 Gold Liberty PCGS MS62 - $2130 SHIPPED Lot 5: 1873 $20 Gold Liberty NGC AU50 - $2175 SHIPPED Lot 6: 2015 $100 Ultra High Relief Proof Liberty - $2150 SHIPPED Lot 7: 2017 1 oz Gold $100 Ultra High Relief Proof Liberty - $2150 SHIPPED Lot 8: 2020 BU Basketball Hall of Fame $5 Gold (0.2419 oz AGW) - $590 SHIPPED Lot 9: 2020 Proof Basketball Hall of Fame $5 Gold (0.2419 oz AGW) - $590 SHIPPED Lot 10: 2016 1/10 oz 24K Gold Mercury Dime - $280 SHIPPED (1 of 3 SOLD, 2 LEFT) Lot 11: 2016 1/4 oz 24K Standing Liberty Quarter Gold - $560 SHIPPED Lot 12: 2018 1/10 oz High Relief Gold Liberty Proof - $245 SHIPPED (1 of 3 SOLD, 2 LEFT) Lot 13: 2014 BU Baseball Hall of Fame $5 Gold (0.2419 oz AGW) - $525 SHIPPED Lot 14: 2014 Proof Baseball Hall of Fame $5 Gold (0.2419 oz AGW) - $505 SHIPPED Lot 15: 1836 $2.50 Classic Head Gold - $410 SHIPPED (this coin has been cleaned, but if you want a really old USA gold coin, it's still a great buy) Lot 16: 1986 California Grizzly Bear 1 oz Gold Round - SPOT + $90 SHIPPED SOLD SOLDLot 17: 1990 Australia $100 1 oz Gold Nugget - $2010 SHIPPEDSOLD SOLD SOLD SOLDLot 18: 2014 1/4 oz Gold Libertad - $550 SHIPPEDSOLD SOLD Lot 19: 1994 "Royal Hawaiin Mint" 1/10 oz Gold Coin - $300 Lot 20: 1915 Austria 100 Corona Gold Coin (restrikes, 0.9802 AGW) - SPOT + $55 SHIPPED Lot 21: 1906 Gold HALF Sovereign (.1178 AGW) - $235 SHIPPED Lot 22: 2008 Proof Krugerrand Set - 1 oz Gold & 5 Rand Oom Paul Coin - $2300 SHIPPED Lot 23: 2008 Natura Giants of Africa Elephant Set, 1 oz Proof Gold Coin + 24K Gold PLATED Sterling Silver Elephant Sculpture (4 grams) - $2100 SHIPPED Lot 24: 2013 Britannia 5 Coin Silver Proof Set - $205 SHIPPED Lot 25: Apollo 5 oz Silver Proof - $235 SHIPPED Lot 26: 2009 1 oz Platinum Preamble Series - $1510 SHIPPED I take responsibility for shipping. If tracking says it was delivered or that it was out for delivery (they sometimes forget to do final scan), I consider it delivered. If tracking says it got lost or package damaged and empty, I will reimburse you fully or give you the same product if possible. Payment options in order of preference: BTC, Zelle, Venmo, PPGS+3%. PPGS will only be available to users with a lot of feedback. I'll be going to sleep soon so I will start going through my messages tomorrow morning. Thanks for looking and please let me know if I am doing anything wrong or inadvisable.
[WTS] Recent US Mint Gold and Silver - 1/10 oz Merc Dimes, 1/4 oz SLQs, BBall HoF, UHR Gold
[WTS] Recent US Mint Gold and Silver Prices are firm; however, I am willing to combine or eliminate shipping costs if you are buying more than one lot. "SPOT" refers to the melt value of the coin given the current spot price. FOR BITCOIN SALES I WILL KNOCK 1% OFF PRICE I am also looking to trade for 1 oz carded gold bars. I would count those as 1 oz SPOT + $40 in trade value. Verification: https://imgur.com/a/jRGCmkW All government packaging and COAs included unless noted in bold. SOLD SOLDLot 1: 2016 1/10 oz 24K Gold Mercury Dime - $275 SHIPPEDSOLD SOLD Lot 2: 2017 1 oz Gold $100 Ultra High Relief Proof Liberty MISSING COA - $2150 SHIPPED SOLD SOLDLot 2: 2019 1 oz Gold $100 Ultra High Relief Proof Liberty - $2350 SHIPPEDSOLD SOLD Lot 4: 2019 Apollo 5 oz Silver Proof - $245 SHIPPED Lot 5: 2019 Liberty High Relief Silver Medal (2.5 oz) - $95 SHIPPED Lot 6: 2016 1/4 oz 24K Standing Liberty Quarter Gold - $560 SHIPPED Lot 7: 2020 BU Basketball Hall of Fame $5 Gold (0.2419 oz AGW) - $600 SHIPPED Lot 8: 2020 Proof Basketball Hall of Fame $5 Gold (0.2419 oz AGW) - $600 SHIPPED SOLD SOLDLot 9: 2013 $50 1 oz Gold Buffalo REVERSE Proof - SPOT + $150 SOLD SOLD Lot 10: 2015 $100 Ultra High Relief Proof Liberty - $2150 SHIPPED Lot 11: 2018 1/10 oz High Relief Gold Liberty Proof - $265 SHIPPED Edit: I have multiples of almost everything listed. I am going to be adding pictures today because I have a lot of interest in certain lots. I take responsibility for shipping. If tracking says it was delivered or that it was out for delivery (they sometimes forget to do final scan), I consider it delivered. If tracking says it got lost or package damaged and empty, I will reimburse you fully or give you the same product if possible. Payment options in order of preference: BTC, Zelle, Venmo, PPGS+3%. PPGS will only be available to users with a lot of feedback. I'll be going to sleep soon so I will start going through my messages tomorrow morning. Thanks for looking and please let me know if I am doing anything wrong or inadvisable.
Is Bitcoin a leading indicator for stocks? (plot attached)
I read an article that claimed that Bitcoin tended to lead stocks market changes, but this was the usual tea leaf reading and chart-staring. So I decided to compute the cross-correlation function of daily bitcoin percentage changes with SP500 daily percentage changes, from 2015 to today. Plot here: https://i.imgur.com/zNHSzZK.png The big white peak shows that bitcoin and stocks move in parallel on the same day (zero time lag). But the broad bump in the red boxcar-smoothed correlation function suggests that bitcoin prices changes today are correlated with SP500 changes over the upcoming week. However the SP500 seems to have little or no predictive power for Bitcoin, because there's no peak to the left of zero. NOTE: the cross-correlation function is defined as c(t) = ∫ 𝝙BTC(𝜏 )/BTC((𝜏 ) ⨉ 𝝙SP500(𝜏 +t)/SP500(𝜏 +t)d𝜏 so that if BTC(𝜏 ) tends move the same as SP500(𝜏+t) for many 𝜏 then c(t) should have a peak at t. edit - a simple hypothesis: The zero-lag (white) correlation is obviously just normal correlated markets. The longer (red) correlation represents an internal lag time to the stock market in responding to events. For example a negative event causes a crash in both BTC and SP500. The Bitcoin falls fast, and stops, but SP500 reacts slowly and the sell-off takes a few days to complete. As an analogy, an earthquake knocks down a building (BTC), and also sets off a huge landslide (SP500), but the big landslide tends to be followed by a series of smaller landslides. The building's fall "predicted" the multi-day landslide, but it's not a useful prediction, because you could have looked at the initial landslide and known that more landslides tend to follow. edit 2: a technical way of saying this is that the SP500 might have a longer impulse response to external events than BTC.
Bitcoin Price in 2015. The price of Bitcoin in USD is reported by Coindesk. All prices on this page are nominal (i.e., they are not indexed to inflation). For price history since Bitcoin was first traded on exchanges in 2010, click here. It could be said that 2015 was a year of consolidation for the Bitcoin crypto currency giant. Since the beginning of 2015 the Bitcoin price was bouncing up and down between the areas of $180 and $280. Yet, this hesitation was impaired in the beginning of November. The price of a bitcoin has been on the rise of late, but the year wasn't all good news. Let's look back to the few highs and many lows of 2015. When Bitcoin plunged to $200 in 2015, the Puell Multiple briefly entered the buy zone. BTC rallied thousands of percent in the years that followed. And when BTC hit $3,150 at the end of 2018, the buy zone was breached by the indicator yet again. BitCoin price development, 2009–2015. Source: Blockchain. 1800 P. CIAIAN ET AL. information search about BitCoin in the first years after its introduction, when it was little known. In the later years, when it became more established on financial markets, the impact of online searches
Get the current price of bitcoin. Article: https://medium.com/@randerson112358/get-bitcoin-price-in-real-time-using-python-98b7393b6152?source=your_stories_... A video on the future price of Bitcoin, and prediction of the value of cryptocurrency technology at large. I've included my favorite model, illustrating a de... If we repeat 2015 the Bitcoin Bearmarket is over now! sunny decree. ... #Bitcoin #BTC #Crypto. Category ... 😱This Guy predicted the Price of Bitcoin in 2015!😱 - Duration: ... 👇🏻Support the channel by using my affiliate links below👇🏻 Exchanges I'm using: Coinbase FIAT https://www.coinbase.com/join/59398125002bcc03276297d6 Bin... Click on the time beside each currency to skip ahead and watch the commentary and review of the technologies and the price charts as we try and determine which might be the best investments in 2015.