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Bitcoin on Mars?

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Former Facebook employee Roman Koshlyak launched a petition in United States requesting to Include Btc Wallets in latest NASA projects Curiosity and Opportunity

Ever heard of Inter-Planetary Bitcoin Transactions? Well, that’s the new reality, after taking entire world by storm Bitcoin price is soaring to all-time high and recent developments in Btc world shows that acceptability of world’s biggest cryptocurrency is increasing by the day.

In late 2016, former Facebook employee Roman Koshlyak launched a petition in United States requesting to Include Bitcoin Wallets in latest NASA projects Curiosity and Opportunity, purpose of these 2 projects are to explore Mars and gather as much information as possible to find possibility of Life on Mars in future. The reason which Roman indicated in his petition is that people can send donations for this project through bitcoins If Wallet is established in these 2 projects. If this happens then It will be one of the biggest things for BTC. Until now Bitcoin was finding its way through acceptability in this world but now If this transaction happens then it will be first ever Inter-Planetary transaction.

Elon Musk and Space

Elon Musk is one of the well-known entrepreneurs in the world, Founder of many companies like Pay Pal, Tesla, Solar city, Space X, he mentioned that his company Space X is planning to launch a project to send tourists on Moon and Mars, he himself mentioned that he wants to Colonized Mars and connect Earth with Moon and Mars. So, potential market for Btc in this case in massive here, people who will visit Moon or Mars in future can use Bitcoin as their preferred payment method for transaction because Bitcoin transactions are quick and easy to use, further fee of transaction is very low as well making it the perfect choice for those people.

Martians can use Bitcoin as a currency

Martians can use Btc for their daily usage and it will be the best possible choice for them because with most countries trying to explore Mars as their possible option to live in future there will be discussions on the issue to select a currency for usage at Mars and what better than Bitcoin.

If you ever had a chance to go to mars would you like to chose Bitcoin as a payment method?

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Take a Crypto Pill

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Crypto Pills

Crypto market is crashing, we all know that, panic sellers are taking over the market with massive sell-off. You can’t control that, just calm down and take a Crypto Pill to make things easy.

Crypto Pill is the term being used by industry leaders to make things calm down from recent fiasco, yesterday a leaked news from CFTC about Bitfinex and Tether made things even more difficult for crypto traders, short sellers went all into the market with massive short bets, and they won, Bitcoin price slipped below $10000 level to as low as $9500, but later on recovered to $10K , but selling pressure is still there.

First South Korea and now US

First it was South Korea, the country with massive trading volumes in crypto market, they announced to ban anonymous crypto trading and ban took place effective from 30th Jan 2018, then a sudden news came from US market when Bloomberg broke the news that US financial regulatory authority CFTC investigating Tether and Bitfinex, but later on it was confirmed that news was from December last year, which made market calm down a little bit after all that tension and hype about US crackdown on crypto currencies.

HODLers will take over market soon

Despite of all this fiasco, Hodlers are still holding their Crypto currencies, they are not giving up and they holding for their dear life, it is very much possible that they take over this market in near future, making another uptrend in coming months.

 

 

 

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Venezuela is the cheapest country to mine Bitcoin

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Cost of mining one Bitcoin in Venezuela is just $531 

Most expensive country to mine Bitcoin is South Korea, where cost of mining one bitcoin is $26,170

After recent crackdown by Chinese Government on Bitcoin miners, most talked about topic in bitcoin community is that which country would Chinese Bitcoin miners chose to shift, as many research firms were working to find the best possible option for the miners, one of the best option is Venezuela, where cost of mining one bitcoin is the cheapest, just $531, as compared to China where cost of mining one bitcoin $3172.

Others with lower costs are Bangladesh, Belarus, Paraguay, Serbia and Trinidad & Tobago. The most expensive is South Korea at $26,170 per coin. The U.S. cost is $4,675.
Calculations for the amount of energy consumed were based on the average usage of three popular types of mining equipment: the AntMiner S7, the AntMiner S9 and the Avalon.

Bitcoin mining consumes a lot of energy and according to one estimate, Bitcoin mining currently consuming energy which is more than 159 countries, including countries like Ireland

Bitcoin mining leading surge in global electricity consumption

 

 

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Crypto trading volumes are dropping

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Volumes in crypto market are dropping, indicating an alarming situation. Crypto market started this year on a good note but later on crashed to low levels, apart from Ethereum, all other major crypto currencies are down for 2018, but one of the most alarming situations in this matter is that trading volumes on different exchanges are dropping to lowest levels in recent months.

For example, on Bitfinex current trading volume of Bitcoin is at around 25000 which at one point of time was as high as 160000 , which means this volume is not even 20% of its peak volume. Similarly in the case of Ripple, current trading volume is 8 Million which at one point of time was 50 million, so there is an alarming situation in that regards because not only price is dropping but crypto trading volume is also dropping dramatically.

Lack of interest?

One of the key questions that analysts are asking these days is that, is it lack of interest from investors that volumes are so low? may be they have found new investment opportunity in the form of S&P 500 and Gold. Most of the analyst think that this low activity is due to the reason that market speculators are currently out of the market and in wait and watch situation to make an entry point.

Calm before the storm?

Such low volumes and price movement in a tight range suggest that this is the calm before the storm, many regulatory authorities around the world are trying to stop crypto trading by either putting complete ban or by introducing tight laws, so speculators and institutional investors are just waiting for a clear picture so that they can make their bet on it, but one thing is for sure that sooner or later market is due for heavy movement in either direction, so day traders need to watch out.

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