A more established Bitcoin trick has reemerged in which the sixteenth century seer Nostradamus as far as anyone knows anticipated Bitcoin.
It seems that a day cannot pass in the last week without another Bitcoin conspiracy raising its head. To start with, we had the fellow benefactor (co-founder) of Kaspersky Labs say that the cryptographic money was made by US insight organizations. At that point we had a UFO-themed YouTube channel assert that a rebel AI made Bitcoin, which was trailed by another video saying that outsiders were mindful. The most recent one making the rounds is that Nostradamus predicted the formation of Bitcoin path back in the sixteenth century.
Foreseeing the Future
Nostradamus was a writr and astro specialist who lived in sixteenth century France. He is celebrated for as far as anyone knows anticipating numerous future occasions in the wide range of quatrains he recorded. As far as anyone knows, he imagined the ascent of Hitler, the French Revolution, both World Wars, and even the Challenger carry catastrophe.
In any case, some are proposing that we would now be able to add Bitcoin to that rundown of predictions. Various clients on Reddit a couple of years back presented the Bitcoin intrigue that Nostradamus anticipated the formation of the crypto. Presently such perspectives have reemerged in various media outlets, probably in light of the fact that Bitcoin had a pennant year in 2017.
The Bitcoin Quatrains?
A Reddit client by the name of Viper2097 posted a quatrain by Nostradamus to probably demonstrate that the digital money was prognosticated hundreds of years back. Here are a portion of the correlated parts:
Oh, how we will see an awesome country woefully grieved and the sacred law in absolute demolish. Christianity (represented) all through by different laws, when another wellspring of gold and silver is found.
Through lightning in the curve gold and silver softened, of two prisoners one will eat the other: The best one of the city extended, When submerged the fleet will swim.
They will plan icons of Kings and Princes, Soothsayers and discharge prophets lifted: Horn, casualty of gold, and purplish blue, astonishing, The seers will be translated.
The colossal credit of gold and wealth of silver will make respect be blinded by desire; the offense of the adulterer will wind up noticeably known, which will jump out at his awesome shame.
The duplicates of gold and silver inflated which after the burglary were tossed into the lake, at the revelation that all is depleted and disseminated by the obligation. All scrips and bonds will be wiped out.
Another Reddit client, Gritbits, recommended that Satoshi Nakamoto was predicted by Nostradamus with the accompanying prescience:
Conceived in the shadows and amid a dull day, He will be sovereign in domain and goodness: He will make his blood rise again in the antiquated urn, Renewing the time of gold for that of metal.
While an intriguing idea, actually the predictions recorded by Nostradamus are madly unclear. This implies they can be interminably turned to suit anyone’s needs. Aggravating the issue is that most interpretations of his compositions are exceptionally poor, which makes his genuine words and implications basically difficult to know.
Take a Crypto Pill
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.
Venezuela is the cheapest country to mine Bitcoin
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
Crypto trading volumes are dropping
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.
News5 months ago
Bitcoin on Mars?
News5 months ago
Interviews5 months ago
Interview with Neil Stanley about the world of crypto currencies
Interviews5 months ago
A wall street veteran’s take on Cryptocurrencies
News5 months ago
IOTA is the next Bitcoin
News5 months ago
Total market cap of crypto currencies drops below $300 billion
Research4 months ago
New World Order 2.0 : Thoughts about Blockchain Technology and Bitcoin
News4 months ago
Vitalik Buterin owns 500000 Ethereum