This week, 99 Bitcoins covers news and headlines (in 99 seconds,) and Peter McCormack has a good interview with Tuur Demeester of Adamant Capital.
Enjoy, and be well, Everyone.
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– Moon Bringing Lightning Payments to Amazon
– Poll Shows 7.4% of South Koreans own Crypto
– Samsung Invests in Ledger
– Bitcoin Transaction Volume at All Time High
– Bitfinex Used $850 from Tether to Hide Customer Losses
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Tuur Demeester on Why Bitcoin is in Heavy Accumulation
Company: Adamant Capital
Role: Founder/CEOThe bear market of 2018/2019 has been a particularly hard lesson for many who are new to Bitcoin. While the +84% drawdown has been similar to previous bear markets, the real numbers are brutal. Anyone buying a Bitcoin near $20,000 saw their asset lose over $16,000 and the low in the market.
Understanding market cycles and adapting to them is a lesson for all hodlers; there is evidence that the current bear market may be over, and we are entering a period of accumulation. With the recent push to +$6k and Bitcoin settling in the high $5k region, the low for this cycle may be in and therefore now might be the opportunity to start preparing for the next bull run.
Tuur Demeester’s recent report: Bitcoin in Heavy Accumulation is a detailed analysis of the market and data, concluding that whales may be accumulating ready for the next bull run, but this is not without risk.
I spoke with Tuur about the report, discussing evidence from the blockchain, historical data, risk analysis, how accumulation happens and the fundamentals which drive Bitcoin’s price.
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Earn Bitcoin While You Shop Online
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Purchasing Cryptocurrencies
Looking to start purchasing cryptos? Open an account at Coinbase, and you’ll receive $10 in free bitcoin for your first purchase of $100 or more you purchase. Link HERE
Binance is a great exchange to buy and sell cryptos. More Info Here
Kucoin is also a good option for coins not listed on Binance. More Info Here
Changelly is a good option for exchanging coins without having to use an exchange and the fees are reasonable. More Info Here
Mining Cryptocurrencies on your PC
Are you new to cryptos and want an easy way to mine them? The easiest way to get started is to use the Honeyminer. More Info Here
If you’re a little more technical, Minergate is a good option as well. More Info Here
Crypto Wallets
Need a good, basic crypto wallet? Download the Exodus wallet
I also like Coinami for both the PC and smartphone. More info Here
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Categories: videos of the week, What Bitcoin Did.
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