Bitcoin

3 reasons why Bitcoin and BlockDAG Network are expected to be long-term “millionaire makers”

Published

8 months ago

1 June, 2024

BlockDAG Network

London, United Kingdom, May 30, 2024 (GLOBE NEWSWIRE) — As we delve deeper into the complexities of Bitcoin and the emerging potential of BlockDAG Network, it becomes clear that these technologies can be the key to creating long-term opportunities for wealth generation. Understanding the fundamental principles and mechanisms underlying these systems is essential to understanding their potential as “millionaire creators” in the constantly evolving landscape of digital finance.

Bitcoin, introduced in 2009 by an anonymous entity known as Satoshi Nakamoto, is the first decentralized cryptocurrency. It uses blockchain technology to enable peer-to-peer transactions without the need for intermediaries. Over the years, Bitcoin has grown from a niche digital currency to a mainstream financial asset recognized for its potential to disrupt traditional financial systems.

BlockDAG Network is an emerging cryptocurrency project that leverages Directed Acyclic Graph (DAG) technology. Unlike traditional blockchain architectures, DAG allows for higher transaction throughput and greater scalability. BlockDAG aims to overcome the limitations of conventional blockchains by allowing multiple transactions to be processed simultaneously, offering a more efficient and scalable solution for decentralized applications.

3 reasons why Bitcoin and the BlockDAG network need to be in your wallet

The scarcity of Bitcoin is one of its most attractive features. With a limited supply of 21 million coins, Bitcoin is often compared to precious metals like gold. This finite supply creates a sense of digital scarcity, making Bitcoin an attractive store of value. As demand increases and supply remains constant, the value of Bitcoin is expected to increase, offering significant long-term investment potential.

Compared to traditional assets such as stocks and bonds, Bitcoin offers unique advantages. It operates independently of central banks and governments, providing a hedge against inflation and geopolitical instability. Furthermore, Bitcoin’s performance over the past decade has outpaced many traditional assets, demonstrating its potential to provide substantial returns for long-term investors.

One of the fundamental principles of Bitcoin is its decentralized nature. Unlike centralized financial systems, Bitcoin operates on a distributed network of nodes, making it resistant to censorship and control by any single entity. This decentralization increases security and guarantees the integrity of transactions, contributing to the growing adoption of Bitcoin as a reliable financial asset.

The story continues

BlockDAG Network is based on security benefits of decentralized systems with their unique DAG architecture. This structure allows for simultaneous processing of transactions, reducing bottlenecks and improving network efficiency. BlockDAG also employs robust consensus mechanisms to prevent double spending and other common attacks, ensuring a secure environment for users and developers. This enhanced security framework makes BlockDAG a promising platform for future decentralized applications.

BlockDAG Network technology is particularly suitable for real-world applications that require high throughput and transaction efficiency. Potential use cases include supply chain management, real-time data synchronization, and high-frequency trading. By providing a robust and scalable infrastructure, BlockDAG is well positioned to power the next wave of decentralized applications, creating significant value for its users and investors.

The cryptocurrency space is characterized by rapid technological advancements. Bitcoin continues to evolve with layer 2 solutions like the Lightning Network that aim to improve transaction speed and scalability. Similarly, BlockDAG Network is at the forefront of innovation with its DAG-based approach, offering a scalable alternative to traditional blockchains. These technological advancements are crucial to sustaining growth and attracting broader adoption.

Bitcoin and BlockDAG Network have unique attributes that position them as long-term “millionaire creators”. Bitcoin’s scarcity and established position as a store of value, combined with its decentralized and secure network, make it a solid investment for the future. BlockDAG Network’s innovative DAG technology, along with its potential for real-world applications, offers a compelling alternative to traditional blockchain systems. Together, these cryptocurrencies represent significant opportunities for long-term growth and wealth creation.

As the cryptocurrency landscape continues to evolve, both Bitcoin and the BlockDAG Network are poised to play essential roles. Investors who recognize the potential of these digital assets and adopt a long-term investment perspective could find themselves at the forefront of a financial revolution, reaping substantial rewards in the process.

Read about BlockDAG pre-sale:

Website: https://blockdag.network

Pre sale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. It is highly recommended that you practice due diligence, including consulting with a professional financial advisor, before investing or trading cryptocurrencies and securities.

CONTACT: Brown Williams support(at)blockdag.network

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We are the editorial team of SatoshiTimes, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on SatoshiTimes, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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Cryptocurrency Charts by TradingView.

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