Born out of a crisis, Bitcoin is perfectly adapted to the current situation

Born out of a crisis, Bitcoin is perfectly adapted to the current situation

     The institutional investor PlanB is a formal investor, there is no reason to be depressed about the health of Bitcoin in the midst of this crisis.

     In his recent interview with Anthony Pompliano, the investor who has a degree in Economics in Quantitative Finance and Financial Markets Law shared some key reasons why the BTC is suited to the crisis we are currently experiencing and is expected to appreciate - not depreciate - over time.

Is Bitcoin a good investment?

     bitcoin news

     Among other things, he discussed the Bitcoin network effects, the strengthening of "cointegration", etc. Read on instead.

     Bitcoin is like the Internet. It will survive any crisis.
What will be the fate of Bitcoin in the economic downturn that has just begun with general containment?

     PlanB answers that digital assets were created in the midst of the 2008 global financial crisis and add that even if "we haven't had crises to test it", Bitcoin is fit for the current situation.

     Drawing inspiration from the underlying workings of the Internet, the investor asserts that "Bitcoin is very decentralized, a bit like the Internet," recalling in passing that "the Internet was conceived as a communication protocol that continued to function even during the great wars...".

     By analogy, he concludes, even when there is a "big crisis or nuclear war, Bitcoin would continue to relay transactions" because there are "hundreds and thousands of nodes and thousands of relay nodes around the world.


     For the rest of the interview, the institutional investor refers to the fundamentals of the BTC to support his point of view on the future of the BTC.

     Cointegration" is getting stronger, the Sharpe ratio of the BTC is greater than 1.


     In justifying the accuracy of the CTS price forecasts based on the stock-to-flow model, PlanB reminds us that it is important to keep in mind that cointegration continues to increase.

     Indeed, he notes, there are no exchanges in almost every country, with markets for derivatives, futures, and options, whereas "in the beginning, it wasn't as easy to get in or out of the cryptographic ecosystem.

     He also points out that Bitcoin has a characteristic that very few - if any - cryptographic assets have: a Sharpe ratio greater than 1.

     Technically, this means that its rate of return is higher than its rate of risk.

     He believes that this is why there are people - HODLers - who really believe in Bitcoin no matter what happens, who cares about it, and who keep the cryptography for as long as the crashes last.

     For PlanB, these "true owners" are like "loyal shareholders of a company" who don't try to sell their shares when that company goes through the rough waters, but give it time to build itself up, because they believe in it.


     Once again, we understand that the BTC crisis is a crisis of confidence that is not related to the fundamentals of crypto.

     The game will, therefore, be played over time. Investors will have to hold on.

     And if you really want to, this crypto-Monnaie that just dethroned the BTC could be a good bet for you.

The Best Cryptocurrencies - Including Bitcoin - to Be Mined in 2020

The Best Cryptocurrencies - Including Bitcoin - to Be Mined in 2020

     The global spread of the Covid-19 pandemic is challenging many sectors, but in the crypto-sphere, activity continues, with the reduction in Bitcoin Mining (BTC) rewards, there is no doubt that miners are now placing more emphasis on the issue of strict profitability.

     In order to answer any questions about the most interesting cryptos to mine, The Coin Tribune has drawn up a selection of the most secure and exploitable assets for this year.

What crypto money to undermine in 2020?

     Bitcoin (BTC) remains the most profitable piece of equipment but remains out of reach for individual miners unless special conditions are met.

     Although very competitive, its exploitation requires millions of dollars of investment that only large companies can afford.

     Signs that invest in Bitcoin require the use of thousands of miners with the use of specialized equipment such as ASICs or Application Specific Integrated Circuits, the latest incarnation of which, Bitmain's S19 PRO, was recently presented on TCT.

     To maximize their profit, these companies operate in countries where electricity rates are favorable.

     In any case, it is roughly the equivalent of $14,100,000 in Bitcoin that is paid to miners on a daily basis.

     In addition to Bitcoin, neo-miners also have the opportunity to exploit Ethereum (ETH).

     Very popular, it is the most profitable piece of equipment for miners who operate at home.

     Ethereum has the advantage of being easily exploitable on ASIC, but with the implementation of the ProgPOW algorithm, miners using GPU graphics cards still have the possibility to mine without investing massively inexpensive ASIC hardware.

Other exploitation possibilities

     Other crypto mining alternatives also exist and are proving profitable to individual miners. For example, you can use BitTube, a decentralized alternative to the YouTube video platform.

     Named TUBE, this low-value crypto is blockchain-based via the Cryptonight algorithm and is used to remunerate content creators.

     Its exploitation is fully profitable over the last few months for minors equipped with GPUs.

     Also accessible to individual miners, Ethereum Classic (ETC), and in general, tokens whose mining is allowed by the ETHASH process, and which, like Ethereum, are digital assets that can be mined from GPU platforms.

     The release of Ethereum version 2.0 is however pending, which will necessarily increase the ETC hash rate and change the mining conditions.

     Haven Protocol is another crypto that's proving interesting to mine.

     This asset is based on the proof-of-work algorithm Cryptonight, also used by other cryptographic pieces, such as Monero.

     It is advisable to work on Cryptotnight with Nvidia GPUs, which are more suitable for this mining, compared to AMD signed GPUs, although either one can be used in Haven mining.

     Depending on your preference, you can also opt for Grin.

     With its CR29 and CT31 hash algorithms, this crypto is also ASIC-proof, meaning it does not suffer from unfair competition from dedicated war machines and can be operated on GPUs.

     This piece favors decentralized mining and thus gives amateur miners all their chances.

     With the exception of Bitcoin, which requires a significant investment, crypto mining is a fascinating and exciting activity. Whatever your preference, this passion is accessible to everyone.

In The Midst Of The Crisis, Bitcoin Shows Its Superiority On Wall Street

In The Midst Of The Crisis, Bitcoin Shows Its Superiority On Wall Street

     bitcoin news

     Whether you're a Bitcoin fan, a gold investor or a stockbroker who pays attention to the slightest Wall Street quiver, the week we've just lived through will go down in the annals forever.

     In a few decades, I bet it will even have a place in the history books.

     Everyone will remember that it was during this week that began on March 9, 2020, that the great economic crisis that has been awaited for years finally began.

     Driven by ever-lower interest rates and massive injections of liquidity, the artificial growth of the financial markets could not last forever as some traders on Wall Street, and other financial centers around the world hoped.

     This utopia came to an end, and it was finally the coronavirus that acted as the catalyst for the collapse of the financial markets.

     Initiated by Saudi Arabia, the oil crisis only accelerated the sharp downward movement we have seen.

     Against this backdrop, fear and panic gripped a majority of people.

     During this week, the great challenge for most people was to recover as much liquidity as possible.

  Widespread collapse of liquid markets

     This liquidity crisis, therefore, led to the collapse of all liquid markets.

     Already underway for a month, the fall of the Dow Jones on Wall Street accelerated sharply at the end of the week:

     A fall of more than 15% occurred between March 10 and March 12.

     All investors obviously panicked at such a fall. It must be said that they have long believed in the utopia of the infinite growth of the financial markets. The return to reality is therefore extremely hard.

     Gold has been recognized for centuries as a safe haven in times of crisis and has not been spared. The precious metal is a liquid market. As such, it could not escape this liquidity crisis.

     During this week, gold lost almost 10% of its value.

     Much newer than gold or the stock market, Bitcoin is still a liquid market par excellence.

     Bitcoin has therefore been strongly impacted by the widespread panic related to the spread of the coronavirus, and the risk of a shutdown of the world's major economies.

     The fall began on March 8, 2020, for Bitcoin. It then accelerated during the week with a panic on March 12, 2020, seeing the price of Bitcoin plummeted from $8K to $3.8K.

     Within a few hours, Bitcoin lost 50% of its price, before bouncing back to see its price increase by +50%.

     This very strong rebound in the price of Bitcoin is a great thing for the future, and proof that the confidence around Bitcoin remains intact.

     In the midst of the panic, trading was suspended on Wall Street...

     In the midst of the panic, many stock markets around the world decided to halt trading for several minutes. These interruptions were decided several times.

     Of course, Wall Street acted in the same way. Thus, when the market falls 7% on the same day, trading is interrupted for 15 minutes. 

     If the fall accelerates after the resumption of trading to -13%, a new interruption is decided.

     Finally, if the fall is 20% during the same day, trading is terminated for the day. These measures have been created to protect investors, according to the powerful at the head of the system.

Is the way Wall Street operates really that of a free market as described by the doctrines of capitalism?

     The answer is clearly no. Rather, Wall Street acts to protect the interests of the powerful at the head of the system.

     Let's compare it for a moment with Bitcoin.

     Bitcoin operates 365 days a year, 7 days a week, 24 hours a day. This is already the first major difference between Wall Street and other financial markets.

     When the price of Bitcoin dropped 50% in a few hours on March 12, 2020, trading was never interrupted.

     Bitcoin market participants were free to continue trading their Bitcoins in order to find an equilibrium price.

     This equilibrium price was finally found to be around $5K after an increase of about 30% in the price of Bitcoin from its lows a few hours earlier.

     Whatever happens, trading continues to let the market decide the equilibrium price. 

     Bitcoin fully respects the theories of capitalism. This is not the case with Wall Street, some of whose practices would even come close to socialism.

Wall Street is calling the Federal Reserve to the rescue...

     In the midst of this week's panic, Wall Street traders have been repeatedly calling for Federal Reserve intervention to support a market filled with ultra-fragile assets.

     As a reminder, the Federal Reserve had already taken a historic decision on March 3, 2020, by lowering interest rates by 50 basis points with a target of 1% to 1.25%.

     This cut was decided unanimously in order to support the American economy in anticipation of the arrival of the coronavirus.

     In the last 20 years, such a cut had only been decided twice: after September 11, 2001, and after the financial crisis of 2008.

     This interest rate cut was intended to encourage a quantitative easing policy on the part of the Federal Reserve with a significant injection of liquidity.

     Nevertheless, Wall Street is so used to this type of monetary stimulus that it obviously did not find it sufficient. The financial markets collapsed all the same.

     Donald Trump continued to put pressure on the Federal Reserve by calling for a further interest rate cut with a target of zero interest rates.

     The goal is to bring the interest rates in line with Europe and its negative interest rates at -0.50%.

     At the peak of the financial market downturn on March 12, 2020, the Federal Reserve then announced an injection of $1.5T of liquidity. The markets reacted for some time, before finally continuing their descent.

     On Wall Street, many are calling for more liquidity injections from the Federal Reserve.

     Wall Street has become so addicted to the stimulus of money creation that it wants more and more. This abuse makes the effects less and less tangible while devaluing what everyone has.

     When I say everyone, I mean first and foremost the least wealthy people, because they are the ones who are most affected by the arbitrary decisions of a few powerful people at the head of a failing system.

     The Federal Reserve should, therefore, continue its work of support through its favorite recipe in the days and weeks to come: lower interest rates and more and more money creation. The markets will force it to do so.

     On March 13, 2020, in the middle of the day, Donald Trump declared a state of national emergency in the United States.

     This announcement, coupled with the possible future decisions of the Federal Reserve that Wall Street is calling for, seems to have convinced some investors who regained some optimism at the end of the week.

Bitcoin is the only truly free market in the world

     This economic crisis we are entering is highlighting that Bitcoin is the only truly free market in the world.

     Bitcoin works all the time, and nothing can stop new blocks from being added to its Blockchain.

     Its price is very volatile, but that's only because it allows the users of its market to find the true balance.

     Bitcoin's market capitalization has lost more than $60 billion in this black week.

     However, you haven't seen any Bitcoiner come crying for intervention by any central bank.

     Bitcoiners are used to this volatility, and they see these sharp declines in Bitcoin as an opportunity to buy more Bitcoin for a better future.

     Everybody is panicking, but Bitcoiners see this as an opportunity and are greedy at the best of times.

     Many of the investors in the traditional financial world, led by Wall Street investors, can't even manage risk as they should.

     The stocks they buy on the market are for the most part extremely fragile, but they prefer to believe in a system that promises them infinite growth.

It's just a utopia

     As with all utopias, the return to reality is difficult. This is exactly what is happening to them.

     Contrary to what they think, the extreme volatility of Bitcoin's price is a good thing because it proves that its market is completely free.

     The weeks and months to come will highlight this superiority of Bitcoin compared to Wall Street and other financial markets, I am convinced.

     To take advantage of this, however, you will need to be able to have a fairly strong backbone, but also to have real confidence in the laws of the market that Bitcoin represents better than anyone else.

     It is up to you to find out if you can do that and to make your decision. We Bitcoiners have already made ours.

Youtube influencer, Bitcoin And Kidnapping: 50 Years In Prison For The Influencer

Youtube influencer, Bitcoin, And Kidnapping: 50 Years In Prison For The Influencer

     The young Mexican Germán Abraham Loera Acosta, a 25-year-old Youtube influencer, has been sentenced to 50 years in prison for organizing the kidnapping of a woman in February 2018 in Chihuahua, Mexico. 


     Acosta, one of the six men convicted, had demanded a ransom of $100,000 in Bitcoin (BTC) in exchange for the release of kidnapped 33-year-old lawyer Tania Denisse. 

     He was apprehended and sentenced to 50 years in prison for his crime.

Kidnapper Loera Acosta captured with his digital fingerprint...

     Germán Abraham Loera Acosta is a former YouTuber with an audience of tens of thousands of followers who claimed to be the director of a marketing company.

     He has also shared many motivational tips with his followers, especially guidance on how to improve their professional and personal lives. 

     He even participated in the World Congress of Young Leaders for Peace in Mexico in June 2017.

     However, Loera Acosta had the unfortunate idea of mixing Youtube, Bitcoin, and Kidnapping in February 2018. 

     Together with his 5 comrades - Jassiel Omar Molina Ceballos, Jesús Adrián Mendoza Pérez, Edgar René Subías Rubalcaba, Jesús Arnulfo Ochoa Martínez and Juan Alfonso Puerta Holguín - he kidnapped a 33-year-old lawyer, Denisse, and forced her into a car.

     Loera Acosta kept his victim captive in a rented house while he established communications with the authorities on the Internet demanding payment of a ransom of 2 million Mexican pesos (approximately US$103,000) in Bitcoin of course.

     At the time, Chihuahua District Attorney Cesar Peniche described Acosta as "very experienced" in the anonymous use of Internet communications.

     However, despite his technological know-how, the authorities claimed that they were able to track his digital footprint and the trail of Bitcoin transactions related to the kidnappers.

     Further proof if Bitcoin was needed and the worst idea for anyone wanting to commit abuses anonymously.

50 years in prison for influencing 25-year-old Youtuber

     After receiving the ransom demanded, Acosta contacted the founders of the Mexican Bitso Cryptonics Exchange via Twitter, saying, "I would like to talk to you. 

     We are the marketing managers of one of the largest Bitcoin casinos in the world. Bitso did not act on the message.

     48 hours after establishing communication with Acosta, the anti-kidnapping unit of the Chihuahua prosecutor's office rescued the victim, Denisse. 

The kidnappers were located by the state's cybercrime unit.

     The ransom money was fully recovered by law enforcement when the kidnappers were arrested. 

     Three vehicles, a handgun and the mobile phones used to negotiate the ransom were also seized during the operation. 

     Four members of the group were apprehended by police during the same operation.


     Mixing Bitcoin, Youtube and kidnapping was definitely not the idea of the century For Loera Acosta, the sentence was, therefore, twice her years: 50 years in prison!