On December 12 2017 Kevin Roose wrote an article on the New York Times titled “I Was Wrong About Bitcoin. Here’s Why.” The article explores five erroneous assumptions the author made about bitcoin. Of these, the assumption that bitcoin’s future depended on its everyday use, and also that Wall Street would stay away are perhaps the more remarkable mistakes. Today institutional investors ... Take the chart below, which shows that BTC has strongly underperformed some of the leading cryptocurrencies since the start of June. Bitcoin vs. altcoins (Chainlink, Cardano, Dogecoin, Ethereum) since the start of June. Chart from TradingView.com With the recent outperformance of altcoins, a select group of traders is expecting an “altseason.” The head technical analyst at crypto research ... An altcoin season is when altcoins across the industry rally by hundreds of percent to strong outperform Bitcoin. The last such altseason was in 2017 and 2018, when BTC dominance fell as low as ~34%. Changpeng “CZ” Zhao — the CEO of Binance — has suggested that the sentiment that all altcoins will rally may be too optimistic. And he’s ... BTC/USD is currently trading at $6663 (+0.65%), the price is moving within consolidation mode, ahead of another attempt at $7000. ETH/USD is currently Hackers pushing a crypto scam hijacked Twitter accounts for Bitcoin, Barack Obama, Joe Biden, Ripple, Binance, Elon Musk, Bill Gates, Jeff Bezos, Apple, more — A number of high-profile Twitter accounts were simultaneously hacked on Wednesday by attackers who used the accounts … — Kevin Rooke (@kerooke) June 22, 2019. More specifically, when looking at individual addresses owning USD 10,000 or less in Bitcoin, the numbers have grown significantly from roughly 19 months ago. In the chart shown, those owning more than USD 1 but less than USD 10 shows a 19% growth to 19.4 million addresses today. But the highest growth ... — CZ Binance (@cz_binance) July 8, 2020. In a reply to his original tweet, Zhao remarked that 95% of projects are unlikely to sustain a pump during this upcoming cycle. “More like 95%, crypto or not. Same number for internet / social / or even traditional industries,” the Binance CEO added. CZ Isn’t Alone in Thinking So
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