Everything You’ve Read About Harvard’s Winklevoss Twins Is ...

‘I Want To Buy All The Bitcoins,’ Dave Portnoy Tells Winklevoss Twins In Crypto Interview Challenge

‘I Want To Buy All The Bitcoins,’ Dave Portnoy Tells Winklevoss Twins In Crypto Interview Challenge submitted by wagnertamanaha to CryptoCurrency [link] [comments]

‘I Want To Buy All The Bitcoins,’ Dave Portnoy Tells Winklevoss Twins In Crypto Interview Challenge (x-post from /r/cryptocurrency)

‘I Want To Buy All The Bitcoins,’ Dave Portnoy Tells Winklevoss Twins In Crypto Interview Challenge (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

I Want To Buy All The Bitcoins, Portnoy Tells Winklevoss Twins In Crypto Interview Challenge (current BTC/USD price is $11,209.21)

Latest Bitcoin News:
I Want To Buy All The Bitcoins, Portnoy Tells Winklevoss Twins In Crypto Interview Challenge
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

‘I Want To Buy All The Bitcoins,’ Portnoy Tells Winklevoss Twins In Crypto Interview Challenge

‘I Want To Buy All The Bitcoins,’ Portnoy Tells Winklevoss Twins In Crypto Interview Challenge submitted by UseBitcoin to btc [link] [comments]

Interview with Ben Mezrich, author of Bitcoin Billionaires - all about the redemption and reinvention of the Winklevoss twins

I was lucky enough to interview Ben Mezrich yeterday.
We talked about his ascent to the top of the writing world, his second hit book Accidental Billionaires (which was adapted into The Social Network), what he really thinks about Mark Zuckerberg, and the eventual reinvention and redemption of Tyler and Cameron Winklevoss.
You can find it in episode #345 of the Future Squared podcast wherever you get your podcasts, or follow the link below.
https://www.futuresquared.xyz/podcast/episode-345-writing-and-bitcoin-billionaires-with-ben-mezrich
submitted by StoicHustler to Bitcoin [link] [comments]

Laura Shin interviews Winklevoss Twins about Bitcoin ETF

Laura Shin interviews Winklevoss Twins about Bitcoin ETF submitted by MICKYNewsOz to btc [link] [comments]

Laura Shin interviews Winklevoss Twins about Bitcoin ETF

Laura Shin interviews Winklevoss Twins about Bitcoin ETF submitted by MICKYNewsOz to CryptoCurrency [link] [comments]

Winklevoss Twins Interview - In the middle of the 2015 Bitcoin Bear Market. Hindsight is everything.

Winklevoss Twins Interview - In the middle of the 2015 Bitcoin Bear Market. Hindsight is everything. submitted by GoodGuyGoodGuy to CryptoCurrency [link] [comments]

Bloomberg Interview: Winklevoss Twins Say Futures Trading Is Just the Beginning Phase for Bitcoin

Bloomberg Interview: Winklevoss Twins Say Futures Trading Is Just the Beginning Phase for Bitcoin submitted by pecuniology to btc [link] [comments]

Bloomberg Interview: Winklevoss Twins Say Futures Trading Is Just the Beginning Phase for Bitcoin

Bloomberg Interview: Winklevoss Twins Say Futures Trading Is Just the Beginning Phase for Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

A Nasdaq for Bitcoin: VICE News Interviews the Winklevoss Twins About the Future of Cryptocurrency | VICE News

A Nasdaq for Bitcoin: VICE News Interviews the Winklevoss Twins About the Future of Cryptocurrency | VICE News submitted by moon_drone to BetterBitcoin [link] [comments]

A Nasdaq for Bitcoin: VICE News Interviews the Winklevoss Twins About the Future of Cryptocurrency

A Nasdaq for Bitcoin: VICE News Interviews the Winklevoss Twins About the Future of Cryptocurrency submitted by subscribe-by-reddit to ViceNewsRss [link] [comments]

Buy Bitcoin not Gold- Mike Novogratz

Michael Novogratz is a veteran Wall Street fund manager and cryptocurrency maven who readily acknowledges when he earns a “black eye,” while Dave Portnoy is the brash founder of a media empire who only recently began touting stocks and has disparaged Warren Buffett.
Their backgrounds and personalities may be vastly different, but both are now offering the same investment recommendation: Bitcoin is a better long-term bet than gold.
In an appearance on Bloomberg Television, Novogratz — founder of Galaxy Digital Holdings Ltd. — said that although he sees gold climbing above its record highs, Bitcoin is still the more worthy investment because it’s “harder to buy” than the traditional haven. He said about 25% of his net worth is tied up in the cryptocurrency.
“It’s only got a $20 billion market cap, while gold is over $10 trillion,” Novogratz said of Bitcoin. “So it’s got a long way to go to catch gold in terms of just adoption.” Still, he doesn’t recommend beginners put in more than 1-2% of their money into the digital currency.
Novogratz said Bitcoin had “crossed the Rubicon” on the question of whether it’s a good store of value. Now, more institutions and banks are considering how to get into the cryptocurrency, compared with a few years earlier when they viewed it more skeptically, he said.
Barstool Sports founder Portnoy, meanwhile, was sold on the cryptocurrency after being pitched by Cameron and Tyler Winklevoss. In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids.

In a tweet after his interview with the Winklevoss twins, Portnoy suggested he has bought $1 million worth of Bitcoin.
Bitcoin, the largest cryptocurrency, has been on a roller coaster in 2020. After sliding below $4,000, it’s zoomed up and is around $11,800. It’s seen further acceptance in the mainstream investment community, experienced a “halving” where the rate of Bitcoin created dropped by 50% as of May, and seen correlations with gold rise to records.
In the case of bullion, prices have been on a tear this year as central banks worldwide took steps to shore up ailing economies in the wake of the coronavirus crisis and investors sought a haven from the turmoil. The precious metal is up 28% this year to about $1,945, with Credit Suisse Group raising its bullion forecast for next year to $2,500 due to a “perfect storm” of factors.
https://www.bloomberg.com/news/articles/2020-08-14/buy-bitcoin-or-gold-novogratz-and-portnoy-prefer-the-cryptocurrency?sref=xTkgnLSf
submitted by Zilllnaijaboy99 to investing [link] [comments]

People still fall for the "Send us 0.1 btc and we will send 0.2 back"

Yesterday in my youtube feed i saw a "live" video on the Gemini youtube channel.. a channel with some 150k subscribers which incidentally i'm not subscribed to. The channel is now terminated. Not sure if it was the real gemini exchange youtube channel or if they even have on in the first place, but a superficial look gave the impression of it being legit.
Clicked on it and it was the winklevoss twins being interviewed on stage by some woman where half of the screen was covered with the "Give us x and we will double it". The Bitcoin adress even started with 1Gemini. Clearly they had put thought into it and executed it well.
Checked the bitcoin adress today and it seems like they got just under 4 btc from the whole ordeal.
submitted by herelieburied to Bitcoin [link] [comments]

What Will the Halving Do with the Bitcoin Price?

By now, bitcoin is a word that most of the people on this planet have heard before. It has transformed from being an exclusive innovation for a select group of people to sparking true revolutions in developing countries. One of the main factors of bitcoin being so special is the scarcity of the asset. There can only be 21 million bitcoins to ever be mined. The protocol is built in a way that every 210,000 blocks the reward for mining bitcoin is cut in half. In practice, this happens approximately every four years. At this point, the mining rewards sit at 12.5 bitcoin per block that is mined. The upcoming bitcoin halving is expected to occur around the 12th of May this year when the mining reward will be reduced to 6.25 bitcoin per block. What does that mean for the future of bitcoin and how will this affect the price? Let’s look at a few factors and analyze the possible outcomes.
Increased scarcity
One clear fact is increased scarcity. Right now, there are around 980 bitcoins that are produced every single day. When that number is cut in half, it becomes more unique to own bitcoin as the asset becomes more scarce. This is one of the main reasons people compare bitcoin to gold. Whenever it becomes evident the gold supply is running low and there’s less available in the ground than before, gold becomes more scarce and the interest grows. It’s embedded within human nature to react to scarcity and feel the urge to possess the scarce asset. We’ve seen it happen before with gold and possibly the same will happen with bitcoin. After the bitcoin halving, it will become more difficult to own bitcoin. It will play into the fear of missing out (FOMO), which plays a big role in the cryptocurrency industry.
Increase in mining costs
Another factor that should not be underestimated is the increase in costs for mining bitcoin. With the current reward for mining, the bitcoin price should be above roughly $4,000 to break even for miners. Anything above that would mean the miners make a profit in comparison to the costs of mining. Note that a mining operation requires large initial investments with hardware, electricity costs, and logistics. When the mining reward is cut in half, it will become more expensive for new and existing miners to achieve profitability. This will incentivize the miners to pump up the price to higher levels in order to make a profit. It’s in everyone’s interest to have enough people mining bitcoin to keep the network stable, so a higher price to keep all the miners on board would be a win-win for anyone. Of course, this does not refer to the individual with a mining rig in their garage box, it concerns the large mining pools that can be seen in the graph above. Those parties that collaboratively control a major part of the bitcoin network. They have enough influence to impact the bitcoin price as well.
History repeats
There have been two Bitcoin halvings before the one that is just around the corner. History shows that especially in the months gearing up towards the halving, the price is slowly increasing. After that, the price remains stagnant for a couple of months to then grow even further. Right now, we’ve seen prices slowly move up again after the lowest point of around $3,500 last year.
What are the experts saying?
We can draw a few scenarios that we see happening surrounding the bitcoin halving, but before we do this, we would like to have a look at what the experts are saying.
Anthony Pompliano, the co-founder of Morgan Creek Digital and a prominent figure in the industry, shared the following in an interview: “The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Another prediction comes from the Winklevoss twins, two prominent figures in the industry that are known for being the founders of Gemini and being the original founders of what we now know as Facebook. “The halvening in May will be big for bitcoin“, Cameron Winklevoss said. “It’s rarely priced in”. They do not call for a specific price to aim for, but they are convinced we are bound for another spike in price with the upcoming halving.
To conclude
We are no fortune tellers and we do not want to create any illusions here, but the bitcoin halving is an important factor in the crypto sphere as a whole. The entire industry has been discussing it for the past couple of months and will have been doing so for the upcoming months. If the bitcoin halving already had its impact on the bitcoin price is something we can only tell in a couple of months. One thing is for sure: bitcoin will become more scarce. So, if you have the opportunity to do so, now is your time to benefit from the period with the current mining reward. The future is looking bright for bitcoin, are you joining that future?

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/

submitted by SwapSpace_co to CryptoCurrencies [link] [comments]

What Will the Halving Do with the Bitcoin Price?

By now, bitcoin is a word that most of the people on this planet have heard before. It has transformed from being an exclusive innovation for a select group of people to sparking true revolutions in developing countries. One of the main factors of bitcoin being so special is the scarcity of the asset. There can only be 21 million bitcoins to ever be mined. The protocol is built in a way that every 210,000 blocks the reward for mining bitcoin is cut in half. In practice, this happens approximately every four years. At this point, the mining rewards sit at 12.5 bitcoin per block that is mined. The upcoming bitcoin halving is expected to occur around the 12th of May this year when the mining reward will be reduced to 6.25 bitcoin per block. What does that mean for the future of bitcoin and how will this affect the price? Let’s look at a few factors and analyze the possible outcomes.
Increased scarcity
One clear fact is increased scarcity. Right now, there are around 980 bitcoins that are produced every single day. When that number is cut in half, it becomes more unique to own bitcoin as the asset becomes more scarce. This is one of the main reasons people compare bitcoin to gold. Whenever it becomes evident the gold supply is running low and there’s less available in the ground than before, gold becomes more scarce and the interest grows. It’s embedded within human nature to react to scarcity and feel the urge to possess the scarce asset. We’ve seen it happen before with gold and possibly the same will happen with bitcoin. After the bitcoin halving, it will become more difficult to own bitcoin. It will play into the fear of missing out (FOMO), which plays a big role in the cryptocurrency industry.
Increase in mining costs
Another factor that should not be underestimated is the increase in costs for mining bitcoin. With the current reward for mining, the bitcoin price should be above roughly $4,000 to break even for miners. Anything above that would mean the miners make a profit in comparison to the costs of mining. Note that a mining operation requires large initial investments with hardware, electricity costs, and logistics. When the mining reward is cut in half, it will become more expensive for new and existing miners to achieve profitability. This will incentivize the miners to pump up the price to higher levels in order to make a profit. It’s in everyone’s interest to have enough people mining bitcoin to keep the network stable, so a higher price to keep all the miners on board would be a win-win for anyone. Of course, this does not refer to the individual with a mining rig in their garage box, it concerns the large mining pools that can be seen in the graph above. Those parties that collaboratively control a major part of the bitcoin network. They have enough influence to impact the bitcoin price as well.
History repeats
There have been two Bitcoin halvings before the one that is just around the corner. History shows that especially in the months gearing up towards the halving, the price is slowly increasing. After that, the price remains stagnant for a couple of months to then grow even further. Right now, we’ve seen prices slowly move up again after the lowest point of around $3,500 last year.
What are the experts saying?
We can draw a few scenarios that we see happening surrounding the bitcoin halving, but before we do this, we would like to have a look at what the experts are saying.
Anthony Pompliano, the co-founder of Morgan Creek Digital and a prominent figure in the industry, shared the following in an interview: “The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Another prediction comes from the Winklevoss twins, two prominent figures in the industry that are known for being the founders of Gemini and being the original founders of what we now know as Facebook. “The halvening in May will be big for bitcoin“, Cameron Winklevoss said. “It’s rarely priced in”. They do not call for a specific price to aim for, but they are convinced we are bound for another spike in price with the upcoming halving.
To conclude
We are no fortune tellers and we do not want to create any illusions here, but the bitcoin halving is an important factor in the crypto sphere as a whole. The entire industry has been discussing it for the past couple of months and will have been doing so for the upcoming months. If the bitcoin halving already had its impact on the bitcoin price is something we can only tell in a couple of months. One thing is for sure: bitcoin will become more scarce. So, if you have the opportunity to do so, now is your time to benefit from the period with the current mining reward. The future is looking bright for bitcoin, are you joining that future?

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CoinBase [link] [comments]

What Will the Halving Do with the Bitcoin Price?

By now, bitcoin is a word that most of the people on this planet have heard before. It has transformed from being an exclusive innovation for a select group of people to sparking true revolutions in developing countries. One of the main factors of bitcoin being so special is the scarcity of the asset. There can only be 21 million bitcoins to ever be mined. The protocol is built in a way that every 210,000 blocks the reward for mining bitcoin is cut in half. In practice, this happens approximately every four years. At this point, the mining rewards sit at 12.5 bitcoin per block that is mined. The upcoming bitcoin halving is expected to occur around the 12th of May this year when the mining reward will be reduced to 6.25 bitcoin per block. What does that mean for the future of bitcoin and how will this affect the price? Let’s look at a few factors and analyze the possible outcomes.
Increased scarcity
One clear fact is increased scarcity. Right now, there are around 980 bitcoins that are produced every single day. When that number is cut in half, it becomes more unique to own bitcoin as the asset becomes more scarce. This is one of the main reasons people compare bitcoin to gold. Whenever it becomes evident the gold supply is running low and there’s less available in the ground than before, gold becomes more scarce and the interest grows. It’s embedded within human nature to react to scarcity and feel the urge to possess the scarce asset. We’ve seen it happen before with gold and possibly the same will happen with bitcoin. After the bitcoin halving, it will become more difficult to own bitcoin. It will play into the fear of missing out (FOMO), which plays a big role in the cryptocurrency industry.
Increase in mining costs
Another factor that should not be underestimated is the increase in costs for mining bitcoin. With the current reward for mining, the bitcoin price should be above roughly $4,000 to break even for miners. Anything above that would mean the miners make a profit in comparison to the costs of mining. Note that a mining operation requires large initial investments with hardware, electricity costs, and logistics. When the mining reward is cut in half, it will become more expensive for new and existing miners to achieve profitability. This will incentivize the miners to pump up the price to higher levels in order to make a profit. It’s in everyone’s interest to have enough people mining bitcoin to keep the network stable, so a higher price to keep all the miners on board would be a win-win for anyone. Of course, this does not refer to the individual with a mining rig in their garage box, it concerns the large mining pools that can be seen in the graph above. Those parties that collaboratively control a major part of the bitcoin network. They have enough influence to impact the bitcoin price as well.
History repeats
There have been two Bitcoin halvings before the one that is just around the corner. History shows that especially in the months gearing up towards the halving, the price is slowly increasing. After that, the price remains stagnant for a couple of months to then grow even further. Right now, we’ve seen prices slowly move up again after the lowest point of around $3,500 last year.
What are the experts saying?
We can draw a few scenarios that we see happening surrounding the bitcoin halving, but before we do this, we would like to have a look at what the experts are saying.
Anthony Pompliano, the co-founder of Morgan Creek Digital and a prominent figure in the industry, shared the following in an interview: “The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Another prediction comes from the Winklevoss twins, two prominent figures in the industry that are known for being the founders of Gemini and being the original founders of what we now know as Facebook. “The halvening in May will be big for bitcoin“, Cameron Winklevoss said. “It’s rarely priced in”. They do not call for a specific price to aim for, but they are convinced we are bound for another spike in price with the upcoming halving.
To conclude
We are no fortune tellers and we do not want to create any illusions here, but the bitcoin halving is an important factor in the crypto sphere as a whole. The entire industry has been discussing it for the past couple of months and will have been doing so for the upcoming months. If the bitcoin halving already had its impact on the bitcoin price is something we can only tell in a couple of months. One thing is for sure: bitcoin will become more scarce. So, if you have the opportunity to do so, now is your time to benefit from the period with the current mining reward. The future is looking bright for bitcoin, are you joining that future?

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to bitcoin_uncensored [link] [comments]

What Will the Halving Do with the Bitcoin Price?

By now, bitcoin is a word that most of the people on this planet have heard before. It has transformed from being an exclusive innovation for a select group of people to sparking true revolutions in developing countries. One of the main factors of bitcoin being so special is the scarcity of the asset. There can only be 21 million bitcoins to ever be mined. The protocol is built in a way that every 210,000 blocks the reward for mining bitcoin is cut in half. In practice, this happens approximately every four years. At this point, the mining rewards sit at 12.5 bitcoin per block that is mined. The upcoming bitcoin halving is expected to occur around the 12th of May this year when the mining reward will be reduced to 6.25 bitcoin per block. What does that mean for the future of bitcoin and how will this affect the price? Let’s look at a few factors and analyze the possible outcomes.
Increased scarcity
One clear fact is increased scarcity. Right now, there are around 980 bitcoins that are produced every single day. When that number is cut in half, it becomes more unique to own bitcoin as the asset becomes more scarce. This is one of the main reasons people compare bitcoin to gold. Whenever it becomes evident the gold supply is running low and there’s less available in the ground than before, gold becomes more scarce and the interest grows. It’s embedded within human nature to react to scarcity and feel the urge to possess the scarce asset. We’ve seen it happen before with gold and possibly the same will happen with bitcoin. After the bitcoin halving, it will become more difficult to own bitcoin. It will play into the fear of missing out (FOMO), which plays a big role in the cryptocurrency industry.
Increase in mining costs
Another factor that should not be underestimated is the increase in costs for mining bitcoin. With the current reward for mining, the bitcoin price should be above roughly $4,000 to break even for miners. Anything above that would mean the miners make a profit in comparison to the costs of mining. Note that a mining operation requires large initial investments with hardware, electricity costs, and logistics. When the mining reward is cut in half, it will become more expensive for new and existing miners to achieve profitability. This will incentivize the miners to pump up the price to higher levels in order to make a profit. It’s in everyone’s interest to have enough people mining bitcoin to keep the network stable, so a higher price to keep all the miners on board would be a win-win for anyone. Of course, this does not refer to the individual with a mining rig in their garage box, it concerns the large mining pools that can be seen in the graph above. Those parties that collaboratively control a major part of the bitcoin network. They have enough influence to impact the bitcoin price as well.
History repeats
There have been two Bitcoin halvings before the one that is just around the corner. When you look at the chart above, we could just see history repeat itself. History shows that especially in the months gearing up towards the halving, the price is slowly increasing. After that, the price remains stagnant for a couple of months to then grow even further. Right now, we’ve seen prices slowly move up again after the lowest point of around $3,500 last year.
What are the experts saying?
We can draw a few scenarios that we see happening surrounding the bitcoin halving, but before we do this, we would like to have a look at what the experts are saying.
Anthony Pompliano, the co-founder of Morgan Creek Digital and a prominent figure in the industry, shared the following in an interview: “The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Another prediction comes from the Winklevoss twins, two prominent figures in the industry that are known for being the founders of Gemini and being the original founders of what we now know as Facebook. “The halvening in May will be big for bitcoin“, Cameron Winklevoss said. “It’s rarely priced in”. They do not call for a specific price to aim for, but they are convinced we are bound for another spike in price with the upcoming halving.
To conclude
We are no fortune tellers and we do not want to create any illusions here, but the bitcoin halving is an important factor in the crypto sphere as a whole. The entire industry has been discussing it for the past couple of months and will have been doing so for the upcoming months. If the bitcoin halving already had its impact on the bitcoin price is something we can only tell in a couple of months. One thing is for sure: bitcoin will become more scarce. So, if you have the opportunity to do so, now is your time to benefit from the period with the current mining reward. The future is looking bright for bitcoin, are you joining that future?

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CryptoCurrencies [link] [comments]

What Will the Halving Do with the Bitcoin Price?

By now, bitcoin is a word that most of the people on this planet have heard before. It has transformed from being an exclusive innovation for a select group of people to sparking true revolutions in developing countries. One of the main factors of bitcoin being so special is the scarcity of the asset. There can only be 21 million bitcoins to ever be mined. The protocol is built in a way that every 210,000 blocks the reward for mining bitcoin is cut in half. In practice, this happens approximately every four years. At this point, the mining rewards sit at 12.5 bitcoin per block that is mined. The upcoming bitcoin halving is expected to occur around the 12th of May this year when the mining reward will be reduced to 6.25 bitcoin per block. What does that mean for the future of bitcoin and how will this affect the price? Let’s look at a few factors and analyze the possible outcomes.
Increased scarcity
One clear fact is increased scarcity. Right now, there are around 980 bitcoins that are produced every single day. When that number is cut in half, it becomes more unique to own bitcoin as the asset becomes more scarce. This is one of the main reasons people compare bitcoin to gold. Whenever it becomes evident the gold supply is running low and there’s less available in the ground than before, gold becomes more scarce and the interest grows. It’s embedded within human nature to react to scarcity and feel the urge to possess the scarce asset. We’ve seen it happen before with gold and possibly the same will happen with bitcoin. After the bitcoin halving, it will become more difficult to own bitcoin. It will play into the fear of missing out (FOMO), which plays a big role in the cryptocurrency industry.
Increase in mining costs
Another factor that should not be underestimated is the increase in costs for mining bitcoin. With the current reward for mining, the bitcoin price should be above roughly $4,000 to break even for miners. Anything above that would mean the miners make a profit in comparison to the costs of mining. Note that a mining operation requires large initial investments with hardware, electricity costs, and logistics. When the mining reward is cut in half, it will become more expensive for new and existing miners to achieve profitability. This will incentivize the miners to pump up the price to higher levels in order to make a profit. It’s in everyone’s interest to have enough people mining bitcoin to keep the network stable, so a higher price to keep all the miners on board would be a win-win for anyone. Of course, this does not refer to the individual with a mining rig in their garage box, it concerns the large mining pools that can be seen in the graph above. Those parties that collaboratively control a major part of the bitcoin network. They have enough influence to impact the bitcoin price as well.
History repeats
There have been two Bitcoin halvings before the one that is just around the corner. When you look at the chart above, we could just see history repeat itself. History shows that especially in the months gearing up towards the halving, the price is slowly increasing. After that, the price remains stagnant for a couple of months to then grow even further. Right now, we’ve seen prices slowly move up again after the lowest point of around $3,500 last year.
What are the experts saying?
We can draw a few scenarios that we see happening surrounding the bitcoin halving, but before we do this, we would like to have a look at what the experts are saying.
Anthony Pompliano, the co-founder of Morgan Creek Digital and a prominent figure in the industry, shared the following in an interview: “The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Another prediction comes from the Winklevoss twins, two prominent figures in the industry that are known for being the founders of Gemini and being the original founders of what we now know as Facebook. “The halvening in May will be big for bitcoin“, Cameron Winklevoss said. “It’s rarely priced in”. They do not call for a specific price to aim for, but they are convinced we are bound for another spike in price with the upcoming halving.
To conclude
We are no fortune tellers and we do not want to create any illusions here, but the bitcoin halving is an important factor in the crypto sphere as a whole. The entire industry has been discussing it for the past couple of months and will have been doing so for the upcoming months. If the bitcoin halving already had its impact on the bitcoin price is something we can only tell in a couple of months. One thing is for sure: bitcoin will become more scarce. So, if you have the opportunity to do so, now is your time to benefit from the period with the current mining reward. The future is looking bright for bitcoin, are you joining that future?

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CryptoMarkets [link] [comments]

What Will the Halving Do with the Bitcoin Price?

By now, bitcoin is a word that most of the people on this planet have heard before. It has transformed from being an exclusive innovation for a select group of people to sparking true revolutions in developing countries. One of the main factors of bitcoin being so special is the scarcity of the asset. There can only be 21 million bitcoins to ever be mined. The protocol is built in a way that every 210,000 blocks the reward for mining bitcoin is cut in half. In practice, this happens approximately every four years. At this point, the mining rewards sit at 12.5 bitcoin per block that is mined. The upcoming bitcoin halving is expected to occur around the 12th of May this year when the mining reward will be reduced to 6.25 bitcoin per block. What does that mean for the future of bitcoin and how will this affect the price? Let’s look at a few factors and analyze the possible outcomes.
Increased scarcity
One clear fact is increased scarcity. Right now, there are around 980 bitcoins that are produced every single day. When that number is cut in half, it becomes more unique to own bitcoin as the asset becomes more scarce. This is one of the main reasons people compare bitcoin to gold. Whenever it becomes evident the gold supply is running low and there’s less available in the ground than before, gold becomes more scarce and the interest grows. It’s embedded within human nature to react to scarcity and feel the urge to possess the scarce asset. We’ve seen it happen before with gold and possibly the same will happen with bitcoin. After the bitcoin halving, it will become more difficult to own bitcoin. It will play into the fear of missing out (FOMO), which plays a big role in the cryptocurrency industry.
Increase in mining costs
Another factor that should not be underestimated is the increase in costs for mining bitcoin. With the current reward for mining, the bitcoin price should be above roughly $4,000 to break even for miners. Anything above that would mean the miners make a profit in comparison to the costs of mining. Note that a mining operation requires large initial investments with hardware, electricity costs, and logistics. When the mining reward is cut in half, it will become more expensive for new and existing miners to achieve profitability. This will incentivize the miners to pump up the price to higher levels in order to make a profit. It’s in everyone’s interest to have enough people mining bitcoin to keep the network stable, so a higher price to keep all the miners on board would be a win-win for anyone. Of course, this does not refer to the individual with a mining rig in their garage box, it concerns the large mining pools that can be seen in the graph above. Those parties that collaboratively control a major part of the bitcoin network. They have enough influence to impact the bitcoin price as well.
History repeats
There have been two Bitcoin halvings before the one that is just around the corner. When you look at the chart above, we could just see history repeat itself. History shows that especially in the months gearing up towards the halving, the price is slowly increasing. After that, the price remains stagnant for a couple of months to then grow even further. Right now, we’ve seen prices slowly move up again after the lowest point of around $3,500 last year.
What are the experts saying?
We can draw a few scenarios that we see happening surrounding the bitcoin halving, but before we do this, we would like to have a look at what the experts are saying.
Anthony Pompliano, the co-founder of Morgan Creek Digital and a prominent figure in the industry, shared the following in an interview: “The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Another prediction comes from the Winklevoss twins, two prominent figures in the industry that are known for being the founders of Gemini and being the original founders of what we now know as Facebook. “The halvening in May will be big for bitcoin“, Cameron Winklevoss said. “It’s rarely priced in”. They do not call for a specific price to aim for, but they are convinced we are bound for another spike in price with the upcoming halving.
To conclude
We are no fortune tellers and we do not want to create any illusions here, but the bitcoin halving is an important factor in the crypto sphere as a whole. The entire industry has been discussing it for the past couple of months and will have been doing so for the upcoming months. If the bitcoin halving already had its impact on the bitcoin price is something we can only tell in a couple of months. One thing is for sure: bitcoin will become more scarce. So, if you have the opportunity to do so, now is your time to benefit from the period with the current mining reward. The future is looking bright for bitcoin, are you joining that future?

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CryptoCurrencyTrading [link] [comments]

What Will the Halving Do with the Bitcoin Price?

By now, bitcoin is a word that most of the people on this planet have heard before. It has transformed from being an exclusive innovation for a select group of people to sparking true revolutions in developing countries. One of the main factors of bitcoin being so special is the scarcity of the asset. There can only be 21 million bitcoins to ever be mined. The protocol is built in a way that every 210,000 blocks the reward for mining bitcoin is cut in half. In practice, this happens approximately every four years. At this point, the mining rewards sit at 12.5 bitcoin per block that is mined. The upcoming bitcoin halving is expected to occur around the 12th of May this year when the mining reward will be reduced to 6.25 bitcoin per block. What does that mean for the future of bitcoin and how will this affect the price? Let’s look at a few factors and analyze the possible outcomes.

Increased scarcity

One clear fact is increased scarcity. Right now, there are around 980 bitcoins that are produced every single day. When that number is cut in half, it becomes more unique to own bitcoin as the asset becomes more scarce. This is one of the main reasons people compare bitcoin to gold. Whenever it becomes evident the gold supply is running low and there’s less available in the ground than before, gold becomes more scarce and the interest grows. It’s embedded within human nature to react to scarcity and feel the urge to possess the scarce asset. We’ve seen it happen before with gold and possibly the same will happen with bitcoin. After the bitcoin halving, it will become more difficult to own bitcoin. It will play into the fear of missing out (FOMO), which plays a big role in the cryptocurrency industry.

Increase in mining costs

Another factor that should not be underestimated is the increase in costs for mining bitcoin. With the current reward for mining, the bitcoin price should be above roughly $4,000 to break even for miners. Anything above that would mean the miners make a profit in comparison to the costs of mining. Note that a mining operation requires large initial investments with hardware, electricity costs, and logistics. When the mining reward is cut in half, it will become more expensive for new and existing miners to achieve profitability. This will incentivize the miners to pump up the price to higher levels in order to make a profit. It’s in everyone’s interest to have enough people mining bitcoin to keep the network stable, so a higher price to keep all the miners on board would be a win-win for anyone. Of course, this does not refer to the individual with a mining rig in their garage box, it concerns the large mining pools that can be seen in the graph above. Those parties that collaboratively control a major part of the bitcoin network. They have enough influence to impact the bitcoin price as well.

History repeats

There have been two Bitcoin halvings before the one that is just around the corner. When you look at the chart above, we could just see history repeat itself. History shows that especially in the months gearing up towards the halving, the price is slowly increasing. After that, the price remains stagnant for a couple of months to then grow even further. Right now, we’ve seen prices slowly move up again after the lowest point of around $3,500 last year.

What are the experts saying?

We can draw a few scenarios that we see happening surrounding the bitcoin halving, but before we do this, we would like to have a look at what the experts are saying.
Anthony Pompliano, the co-founder of Morgan Creek Digital and a prominent figure in the industry, shared the following in an interview: “The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Another prediction comes from the Winklevoss twins, two prominent figures in the industry that are known for being the founders of Gemini and being the original founders of what we now know as Facebook. “The halvening in May will be big for bitcoin“, Cameron Winklevoss said. “It’s rarely priced in”. They do not call for a specific price to aim for, but they are convinced we are bound for another spike in price with the upcoming halving.

To conclude

We are no fortune tellers and we do not want to create any illusions here, but the bitcoin halving is an important factor in the crypto sphere as a whole. The entire industry has been discussing it for the past couple of months and will have been doing so for the upcoming months. If the bitcoin halving already had its impact on the bitcoin price is something we can only tell in a couple of months. One thing is for sure: bitcoin will become more scarce. So, if you have the opportunity to do so, now is your time to benefit from the period with the current mining reward. The future is looking bright for bitcoin, are you joining that future?

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to SwapSpace [link] [comments]

What Will the Halving Do with the Bitcoin Price?

By now, bitcoin is a word that most of the people on this planet have heard before. It has transformed from being an exclusive innovation for a select group of people to sparking true revolutions in developing countries. One of the main factors of bitcoin being so special is the scarcity of the asset. There can only be 21 million bitcoins to ever be mined. The protocol is built in a way that every 210,000 blocks the reward for mining bitcoin is cut in half. In practice, this happens approximately every four years. At this point, the mining rewards sit at 12.5 bitcoin per block that is mined. The upcoming bitcoin halving is expected to occur around the 12th of May this year when the mining reward will be reduced to 6.25 bitcoin per block. What does that mean for the future of bitcoin and how will this affect the price? Let’s look at a few factors and analyze the possible outcomes.
Increased scarcity
One clear fact is increased scarcity. Right now, there are around 980 bitcoins that are produced every single day. When that number is cut in half, it becomes more unique to own bitcoin as the asset becomes more scarce. This is one of the main reasons people compare bitcoin to gold. Whenever it becomes evident the gold supply is running low and there’s less available in the ground than before, gold becomes more scarce and the interest grows. It’s embedded within human nature to react to scarcity and feel the urge to possess the scarce asset. We’ve seen it happen before with gold and possibly the same will happen with bitcoin. After the bitcoin halving, it will become more difficult to own bitcoin. It will play into the fear of missing out (FOMO), which plays a big role in the cryptocurrency industry.
Increase in mining costs
Another factor that should not be underestimated is the increase in costs for mining bitcoin. With the current reward for mining, the bitcoin price should be above roughly $4,000 to break even for miners. Anything above that would mean the miners make a profit in comparison to the costs of mining. Note that a mining operation requires large initial investments with hardware, electricity costs, and logistics. When the mining reward is cut in half, it will become more expensive for new and existing miners to achieve profitability. This will incentivize the miners to pump up the price to higher levels in order to make a profit. It’s in everyone’s interest to have enough people mining bitcoin to keep the network stable, so a higher price to keep all the miners on board would be a win-win for anyone. Of course, this does not refer to the individual with a mining rig in their garage box, it concerns the large mining pools that can be seen in the graph above. Those parties that collaboratively control a major part of the bitcoin network. They have enough influence to impact the bitcoin price as well.
History repeats
There have been two Bitcoin halvings before the one that is just around the corner. History shows that especially in the months gearing up towards the halving, the price is slowly increasing. After that, the price remains stagnant for a couple of months to then grow even further. Right now, we’ve seen prices slowly move up again after the lowest point of around $3,500 last year.
What are the experts saying?
We can draw a few scenarios that we see happening surrounding the bitcoin halving, but before we do this, we would like to have a look at what the experts are saying.
Anthony Pompliano, the co-founder of Morgan Creek Digital and a prominent figure in the industry, shared the following in an interview: “The halving will be a big moment for Bitcoin. I don’t think that the price will shoot up the day after it, but I do think that from the day we are right now, we will see Bitcoin’s price at $100,000 by December 2021.”
Another prediction comes from the Winklevoss twins, two prominent figures in the industry that are known for being the founders of Gemini and being the original founders of what we now know as Facebook. “The halvening in May will be big for bitcoin“, Cameron Winklevoss said. “It’s rarely priced in”. They do not call for a specific price to aim for, but they are convinced we are bound for another spike in price with the upcoming halving.
To conclude
We are no fortune tellers and we do not want to create any illusions here, but the bitcoin halving is an important factor in the crypto sphere as a whole. The entire industry has been discussing it for the past couple of months and will have been doing so for the upcoming months. If the bitcoin halving already had its impact on the bitcoin price is something we can only tell in a couple of months. One thing is for sure: bitcoin will become more scarce. So, if you have the opportunity to do so, now is your time to benefit from the period with the current mining reward. The future is looking bright for bitcoin, are you joining that future?

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CoinTelegraph [link] [comments]

Winklevoss Twins Bitcoin Billionaires Movie Confirmed - Fidelity: Institutional Investors Own Crypto The Winklevoss Twins Just Became Bitcoin Billionaires ... Bitcoin is the Answer with Cameron & Tyler Winklevoss Bitcoin price rise to $500k is inevitable Winklevoss twins ... Bitcoin Is Like Gold 2.0, Says Tyler Winklevoss

REUTERS/Lucas JacksonCameron and Tyler Winklevoss.There's a unique problem interviewing the Winklevoss twins: In retrospect, it can be extremely difficult I’ve always believed that if the Winklevoss twins didn’t exist in real life, Hollywood would have invented them.. As portrayed nearly a decade ago in The Social Network, the movie adapted from ... winklevoss twins cameron tyler Bitcoin facebook. More . REUTERS/Lucas Jackson. Cameron and Tyler Winklevoss. There’s a unique problem interviewing the Winklevoss twins: In retrospect, it can be extremely difficult to work out who said what. In person, the 6-foot, 5-inch, 33-year-old Olympic rowers-turned-technology entrepreneurs are just about distinguishable. But when speaking over a ... There’s a unique problem interviewing the Winklevoss twins: In retrospect, it can be extremely difficult to work out who said what. In person, the 6-foot, 5-inch, 33-year-old Olympic rowers ... The Winklevoss twins, the famous Harvard alumni who claim Mark Zuckerberg stole the idea for Facebook from them, famously tried to start a bitcoin ETF, but they were rebuffed by the Securities and ...

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Winklevoss Twins Bitcoin Billionaires Movie Confirmed - Fidelity: Institutional Investors Own Crypto

These guys turned $11 million into a $1 billion windfall. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to... Cameron and Tyler Winklevoss founded an exchange for the virtual currency and they have some words for those who fear a Bitcoin bubble. The Bitcoin Billionaires book will be made into a movie taking Bitcoin further into the mainstream. Bitcoin Billionaires is the second book written by Ben Mezrich which features the Winklevoss ... Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin ( BTC ) will eventually hit $500,000 per coin during a recent interview with p... How The Winklevoss Twins Became Bitcoin Billionaires ... Winklevoss Twins & Gemini; Bitmain Sues - Duration: 13:16. The Cryptoviser 1,917 views. 13:16. Chamath Palihapitiya interview: Bitcoin ...

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