Úno 06

Cryptocurrency Lenders Bite Back At Bitcoin Bear Market With Record Volume

Cryptocurrency loans continue to capitalize on the longest bear market in Bitcoin history, with one company generating $630 million in its first six months.


Records Not REKT

Launched as a mobile app in July 2018, the Celsius Network reported the statistics in an update February 4.

The app has seen 40,000 downloads, $50 million in coin deposits and paid out maximum interest of 7.1 percent, CEO Alex Mashinsky revealed.

“One of the most surprising trends we saw during 2018 was the resilience of our HODLer community; despite BTC and ETH losing half of their value during the second half of 2018 we saw 184 out of 191 days in which deposits outnumbered withdrawals,” he wrote.

P2P Loans

Celsius’ performance and client habits touch on a trend which has continued since last year – Bitcoin HODLers are accumulating, not trading.

While this habit has caused anxiety for some market participants such as miners, as Bitcoinist reported, the crypto consumer loans sector has seen a surprisingly strong boom.

“We did not liquidate a single loan and we did not have a single default from any of our borrowers. We did not lose a single crypto asset or dollar from all our lending activities in 2018,” Mashinsky added.

Loans Meets Options Trading

Instigating loans with cryptocurrency as collateral provides a potential bonus for investors whose crypto holdings would otherwise lie dormant or gradually lose value in a bear market.

Starting out with only a few well-known names such as Bitbond, the market has grown rapidly with the emergence of various projects catering to itchy HODLers.

InLock, another startup new to the space, this month launched an additional product opening up crypto loans to options trading.

Csaba Csabai, Inlock CEO

Dubbed ‘Superposition,’ executives plan for the feature to act as a value preservation tool. Its release coincided with that of the Inlock Base Index, a mechanism for “protecting” the exchange rate of the company’s native ILK token, CEO Csaba Csabai explained to Bitcoinist.

What do you think about the cryptocurrency loan sector’s growth? Let us know in the comments below!


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Úno 02

What Bear Market? Crypto-Concierge Service Did $250M in Sales Last Year

One crypto-concierge service pulled in $250 million of sales despite Bitcoin price and the cryptocurrency market shrinking by over 80 percent last year.


Bitcoin Burning a Whole in Your Digital Wallet?

The perennial problem of the crypto-investor is one of too much money, too little time. ‘When Lambo?’ isn’t down to price, rather finding a chance (and energy) to get down to the showroom.

At least, it must be for some, because even during the year that was 2018, one crypto-concierge service pulled in $250 million in sales.

But cryptocurrency regulation with KYC and AML being what they are today, cashing out for splashing out may attract some unwanted attention or high costs. Founder Elizabeth White, the founder of The White Company, explains the predicament of the new younger crypto-millionaires:

They wanted to spend and enjoy their wealth… [but] were not able to easily exchange the cryptocurrency into cash, due to restrictions and limitations on exchanges etc.

The White Company, which accepts Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Stellar, and its own White Standard stablecoins, worked with Apis Capital Management to provide liquidity, to enable them to accept crypto, whilst paying vendors with fiat.

She claims to have no shortage of crypto-wealthy wanting her services, suggesting that people buy ‘luxury’ items as a status symbol.

Lamborghini have appeal as both… the best automobiles [and] as a recognizable brand that is associated with success. Art is another luxury that gives buyers a sense of status but can also be an attractive investment.

In meeting the demands of her status-obsessed clients, her company managed to transact to the tune of $250 million last year.

Luxury Bitcoin Marketplaces See Mixed Success

Then there is Barry Silbert’s brother Alan. BitPremier, his peer-to-peer service, connecting crypto-hungry owners of luxury goods with luxury-hungry crypto-owners sadly bowed out of the market in September 2017 just as the bitcoin price 00 was going through the roof.

Other luxury marketplaces have sprung up, however. Besides the White Company, there is Crypto Concinnity, which specializes in purchasing and delivering luxury goods and services using the cryptocurrency of choice.

Coinsparrow.io is a concierge service for everyday life letting you book flights, hotels, and other “silly stuff.”

Then there is Aditus.net that claims to be the world’s first concierge service for “crypto-affluents” that offers everything from art and real estate to insurance and even citizenship of other countries.

While I cannot vouch for these sites since I’m a few satoshis short of a Lambo, being ‘crypto wealthy’ does seem to have its perks.

Will crypto concierge services become more popular in the next few years? Share your thought below!


Images courtesy of Shutterstock, thewhitecompanyus.com

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Led 20

Australian Bitcoin ATM Startup Says Its Raking in $360,000 Per Week

A Bitcoin ATM company from Australia has reported a weekly turnover of $500,000 AUD (roughly $360,000 USD) despite the cryptocurrency bear market. 


$360,000 Weekly Turnaround

Auscoin, an Australian bitcoin ATM company, has reported a weekly turnaround of $360,000 in 2018. According to the reports, it’s currently operating 31 ATMs throughout Australia but it’s planning to expand.

Speaking on the matter, Sam Karagiozis, founder at Auscoin, said:

We currently have 31 Auscoin ATMs in Australia… and our turnover is $500,000 a week, which is just insane considering how much the price of Bitcoin has dropped. […] It just shows there really is a market for it and cryptocurrency is seen as a way of the future for many.

bitcoin atm

Auscoin bitcoin ATM

The company had an underwhelming ICO in 2018 after it managed to raise only $2 million of the projected $30 million. However, it hopes to expand to a network of more than 1200 bitcoin ATMs across Australia.

It’s Getting Easier to Buy Bitcoin

It’s becoming increasingly easier for people to buy Bitcoin at a range of physical locations. According to Karagiozis, accessibility is the main barrier to entry for regular people:

We believe the most significant barrier to entry for everyday people in the cryptocurrency market is accessibility.

Bitcoinist reported that the number of Bitcoin ATMs has doubled in 2018, growing to more than 4,000 in 76 different countries. According to the tracking website Coinatmradar, Australia has 54 Bitcoin ATMs in operation.

At the beginning of the month, France started selling Bitcoin at tobacco shops. The plan is to expand buying bitcoin to 24,000 tobacco kiosks across the country in the near future.

Just a couple of days ago, US-based Bitcoin ATM company Coinme partnered up with international coin counter Coinstar. The initiative has enabled users to buy Bitcoin at 20,000 Coinstar kiosk locations.

Meanwhile, Venezuela is also expected to see its first bitcoin vending machine go live within the next two weeks.

What do you think of the growing popularity of Bitcoin ATMs? Will this have a positive impact on its widespread adoption? Don’t hesitate to let us know in the comments below!


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Led 19

Venezuela: First Bitcoin ATM Opens ‘In 2 Weeks’ Amid Localbitcoins Shutdown Reports

Venezuela, the country seeing new Bitcoin trade volume records on an almost weekly basis, is to get its first ever Bitcoin ATM.


Cryptobuyer: ATM Already In Caracas

In an interview with local radio and news media network Union Radio, Jorge Farias, CEO of Panama-based Cryptobuyer, said the machine had already arrived in the country’s capital Caracas.

“We are going to install the first cryptocurrency ATM in Venezuela over the course of the next two weeks,” he told the network.

…We already have the equipment physically installed in Venezuela, in Caracas; it’s in its final test stage and we will then be making an announcement on social networks.

The pioneering move comes amid ever more difficult times for Venezuelans.

Venezuela's Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign Bolivar’

As Bitcoinist variously reported, a toxic mixture of hyperinflation, travel and forex restrictions has made life for the average citizen often impossible.

At the same time, Venezuela’s government has pushed an agenda involving its state-issued cryptocurrency Petro, recently beginning to require certain payments – such as passports – only use the asset.

Petro has had a dubious reputation since inception, reports claiming that despite its peg to Venezuela’s $6 billion oil float, its backer in the form of state oil company PDVSA has $45 billion debts which undermine its status as a store of value.

Localbitcoins ‘Not Working’

It is thus little surprise that P2P Bitcoin trading has exploded, especially over the last six months of 2018.

According to the latest data from Coin Dance, the week ending January 5 was the second busiest on record for the Venezuelan Bolivar (VES) on Localbitcoins, with a total of 5.15 billion changing hands.

This was followed a dramatic drop for the week ending January 12, will social media commentators reporting the service was no longer accessible from inside Venezuela.

Cryptobuyer is first and foremost a merchant acceptance platform for Bitcoin (BTC), Litecoin (LTC) and Dash (DASH), and at present only lists a modest network of five ATMs in Panama City. Its operational machines cater to all three cryptocurrencies.

Worldwide, the number of Bitcoin ATMs continues to expand. A deal announced this week between the first US operator, Coinme, and change counter Coinstar, could see up to 20,000 extra locations appear in the US soon.

What do you think about Venezuela’s Bitcoin ATM? Let us know in the comments below!


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Led 18

Goldman Sachs-Backed Startup Unveils Cold Storage Cryptocurrency Trading

Palo Alto-based blockchain security company BitGo has developed a platform which will enable traders to buy and sell cryptocurrencies without having to take it out of cold-storage. 


A Focus on Security

Days after the cryptocurrency exchange Cryptopia got hacked, Palo Alto-based security company, BitGo, announced that it has developed a platform allowing traders to buy and sell digital assets right from BitGo’s cold storage custody.

BitGo closed a Series B funding round in October 2018, bringing in $58.5 million and attracting investors such as Novogratz’ Galaxy Digital Ventures and Goldman Sachs.

Goldman Sachs logo

BitGo will team up with SEC and FINRA-regulated OTC trading platform Genesis Global Trading to establish the necessary infrastructure, liquidity, and compliance.

Genesis Trading will essentially match BitGo customer’s buy and sell orders, according to the platform’s CEO, Michael Moro. The assets will never leave cold-storage since Genesis has a cold wallet with BitGo.

The cryptocurrencies, which will be available initially through the new solution include Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, and ZCash.

The move is geared toward satisfying the custodial requirements for attracting institutional investors.

The Need for Custody

The need for institutional-grade custody solution has been highlighted more than once and by more than one industry experts.

Novogratz himself said last year that a solution of the kind could propel the next bull run.

“I think the next move up is going to need custody from a trusting source,” he explained. “It’s going to need a little more regulatory clarity. […] We wouldn’t take out $10,000 without those two things because that’s what brings the institutional investors in. But we’re going to get there.”

A serious development in this regard would be Bakkt’s warehousing solution if it gets the pending regulatory approval. Besides elevated measures for physical security, Bakkt wants to enable pre-funded purchases and sales of Bitcoin futures, essentially eliminating the risk of default.

At the same time, its clearinghouse will also have a dedicated guaranty fund, entirely funded by Bakkt, to cover the platform’s holdings.

What do you think of BitGo’s new platform? Don’t hesitate to let us know in the comments below!


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Led 10

Nick Szabo: Central Banks Might Switch From ‘Physically Vulnerable’ Gold to Bitcoin

Central Banks might resort to cryptocurrency reserves as means of supplementing national gold reserves according to veteran cryptographer Nick Szabo. He also holds that the use of digital currencies will rise in countries with distraught economies. 


Cryptocurrency Over Gold

Speaking at the Israel Bitcoin Summit at Tel Aviv University on January 8th, legendary cryptographer, Nick Szabo, said that national central banks might resort to cryptocurrency reserves as means of supplementing existing national gold reserves.

One of the reasons for this to happen, according to Szabo, is the potential lack of trust between foreign banks or governments:

There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds for example. […] One solution that’s been developed is to have the Swiss government hold it for you – that’s not a trust minimized solution. The Swiss government itself is subject to political pressures and so a more trust minimized solution is cryptocurrency.

In addition, Szabo also notes that gold reserves are “physically vulnerable,” saying:

The other problem with gold reserves is that they’re physically vulnerable. When the Nazis conquered countries in Europe, the first place they went to was a central bank’s gold reserves.

Bitcoinist reported on the uncanny resemblance in the historical performance of gold and Bitcoin in the past. Unlike gold, however, Bitcoin “has more utility” admitted US economist and Bitcoin-critic Paul Krugman.

The Winklevoss twins also recently stated that “Bitcoin is better at being gold than gold,” predicting that it should surpass the precious metal’s $7 trillion dollar market cap in the future.

Helping Distraught Economies

Another thing the Bitcoin pioneer shared was that censorship-resistant cryptocurrencies will grow in popularity in countries, which suffer from failed monetary planning, as well as those which have been blacklisted from trade.

There seems to be substantial merit to his thoughts. Venezuela, for example, is a country which is currently being torn by hyperinflation. In fact, the Director of the Western Hemisphere Department of the International Monetary Fund, Alejandro Werner, said that 10 million percent inflation rate is not out of the picture:

Yes, 10 million percent because prices in Venezuela are doubling or tripling every month. And that, when you take it to 12 months, generates an exponential inflation rate.

As Bitcoinist reported in late December, the country saw its biggest jump in bitcoin volume on LocalBitcoins.

What is more, a Russian university lecturer with ties to the government, Vladislav Ginko, has recently revealed that the country is planning to invest in Bitcoin as a means of avoiding US sanctions.

Whether this is true remains to be seen, but US sanctions indeed have little effect on a neutral global digital currency like Bitcoin

“Because of US sanctions, Russia’s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins. The central bank of Russia sits on $466 billion of reserves and has to diversify in case there are limited opportunities to do it (in the future),” Ginko said.

What do you think of Nick Szabo’s statements? Don’t hesitate to let us know in the comments below!


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Led 02

Lamassu, The Oldest Bitcoin ATM Company, Moves to ‘Crypto Valley’ Switzerland

There were rising doubts last year about Switzerland’s rightful place as a leader in the crypto space. The tiny alpine country famous for its expensive watches welcomed blockchain companies at first. Then Swiss banks began to stop working with them one by one, and Switzerland looked to be the land of promise no longer. It’s interesting then, that Lamassu has given crypto here a much-needed vote of confidence by calling Switzerland its new home.


Lamassu Picks Switzerland for Its Well-Defined Rules

In a blog post published on Medium, the oldest Bitcoin ATM manufacturer established in 2013 explains that “after years” of searching for the best place for their headquarters, they finally found it in the canton of Lucerne, adding that:

Crypto Valley is alive and kicking and we’re excited to be in an area so rich in crypto development and blockchain events.

Lamassu is one of the most popular Bitcoin machines today, with 433 Bitcoin ATMs worldwide, seven so far in Switzerland. However, with Bitcoin fans now able to buy bitcoins with their train tickets at over 1,000 machines in the country, the company chose Switzerland not only to roll out more product but also for its “well-defined” rules.

bitcoin atms in Switzerland

However, not all is as it seems in Switzerland, once home to the largest number of ICOs. When banking giant UBS closed accounts for crypto companies, all major Swiss banks followed suit.

But with crypto-friendly countries such as Malta, Lichtenstein, and even Germany close to home, Swiss authorities began to halt the exodus of blockchain companies from its pastures.

The Swiss Banking Association (SBA) laid out clearer guidelines for banks on how to work with crypto companies in an attempt to retain its crypto-friendly title.

It should be noted that having a bank account as a crypto company still poses several risks. Companies can be subject to routine account freezes or even asked to move their funds to another institution with little notice.

Yet Lamassu seems undeterred:

Exciting stuff is happening in Switzerland at every level. Open source Bitcoin and Lightning Network nodes are being hacked together, hardware wallets are being designed and manufactured, the world’s leading cryptocurrency regulations are being carefully guided, world-class meetups and events are happening, and lots of Bitcoin ATMs are being deployed.

The number of Bitcoin ATMs around the world doubled in 2018 and now stands at just over 4,000. This is what Lamassu calls “booming.” The company says that it wants its home to be a place where rules are well defined and regulators are open to innovation.

Banking the Unbankable

Despite Switzerland’s scuffle between the banks and crypto, Lamassu has had it far worse in the past. The Bitcoin ATM maker explains that in its native Portugal, the company was unable to find a bank to work with them.

We’ve been bankless for the past year. We must have been rejected by fifteen banks just because we manufacture terminals for Bitcoin.

Why don’t banks want to work with crypto companies? It (mainly) boils down to lax AML practices and the fact that crypto’s KYC policies aren’t up to the standards of banks. Somewhat ironic when you consider the case after case of large name banks embroiled in corruption and money laundering charges.

Lamassu cryptomat bitcoin atm

Moreover, Lamassu does not trade in cryptocurrency nor store cryptocurrency, it is merely a marker of hardware. But one of the company’s first concerns about choosing a new jurisdiction was that they would be able to open a bank account.

According to the blog post, they had a “nice chat” with a small bank in a Swiss canton called Aargau and have finally been allowed to open a bank account. They even enthuse:

In fact, you should expect to see one of our cryptomats [Bitcoin ATMs] in their headquarters early this year.

Banking for Bitcoin Companies Is Still a Struggle

While the Bitcoin ATM manufacturer may have lucked out with a little-known bank in this fiscally lenient part of the world, the struggle is still very real for most crypto companies.

Lamassu, in fact, was denied by international payment processor Stripe simply because the word Bitcoin appears on their website. They state that if Stripe had been a Swiss company, this probably would not have been the case. Perhaps. But it’s certainly not a guarantee.

However, the company is looking to start 2019 in a positive way and is “psyched” to be part of an innovative and crypto-friendly ecosystem in Lucerne. They’ll even be contributing to it by holding a monthly meetup dedicated to free speech, free markets, and decentralization.

While Switzerland is encouraging more banks to work with crypto companies, it’s not all green lights just yet. One has to wonder how long the honeymoon period for Lamassu will continue.

Will Switzerland be a good home for Bitcoin ATM manufacturer Lamassu? 


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Pro 29

Use Bitcoin! Customers Condemn PayPal After It ‘Bans’ The Hacker News

Cybersecurity news resource The Hacker News (THN) has become the latest PayPal user to have its accounts frozen without warning, the company has claimed.


‘At Least One Valid Reason’

In a series of tweets December 28, officials reported that funds from “all” its corporate accounts with the money transmitter were no longer accessible.  

“(PayPal) has permanently banned all of our accounts without mentioning any reason and hold wallet funds wrongly for 180 days. Upon asking, (PayPal Support) also refused to share any details,” they wrote.

Describing the situation as “frustrating,” THN also accused PayPal of failing to provide “at least one valid reason” for its actions.

PayPal has often instigated funds blocking against corporate clients, including those involved in the cryptocurrency industry, without explanation.

As Bitcoinist has reported, such blocks are part of the service’s terms of use, which include the caveat that users can be frozen out of their accounts without the company being required to explain why.

Bitcoin Doesn’t Care

Almost immediately after THN made the news public, Twitter commentators pointed it in the direction of Bitcoin as an alternative.

The event comes amid a progressively changing mood to centralized payment providers among tech circles.

The same day, TIME Magazine had published a pro-Bitcoin article focusing on its use as a circumventive method, specifically highlighting PayPal’s Venmo as an example of middlemen who “can potentially censor, surveil, and profit” from customers.

The backlash has extended beyond PayPal in recent months. In August and on several occasions since, crowdfunding platform Patreon blocked high-profile users and gave dubious reasons for doing so.

Open source alternatives have also targeted centralization within cryptocurrency, such as BTCPay rapidly taking custom away from industry names such as BitPay and Coinbase, which have both faced controversies of their own.

At press time, no further information had come from PayPal over the THN stunt.

What do you think about PayPal allegedly blocking The Hacker News? Let us know in the comments below!


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Pro 24

Bitmain Fires Entire Bitcoin Cash Development Team: Report

Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the company’s IPO is also dead in the water after rumors of Q3 losses running into over $700 million.


Bitmain on Firing Spree

According to Blockstream CSO, Samson Mow, there are rumors swirling that the mining giant laid off its entire Copernicus team. Mow cited posts from Chinese LinkedIn published by company employees. The Copernicus team was responsible for developing the Bitcoin Cash GO client for Bitmain.

In another report, other messages indicate a far more extensive labor cutback, which could target up to half of Bitmain’s entire workforce. Earlier in the month, Bitcoinist reported that the company closed down its research division in Israel. More than 20 employees lost their jobs after the move.

BCH Blues

Bitmain bet on Bitcoin Cash 00, a move that now appears to have backfired leading to severe losses for the company. Rumors of massive Q3 2018 losses are also casting huge doubts over the company financials and will likely stonewall its IPO plans.

The second half of 2018 has turned out to be a challenging one for the company. From the massive fall in BCH prices to the Bitcoin Cash hash wars, Bitmain’s bitcoin mining industry monopoly could be in jeopardy.

Recently, US IT firm UnitedCorp sued Bitmain along with Kraken, Bitcoin.com, and Roger Ver for allegedly manipulating the BCH network.

Tis the Season of Layoffs

Bitmain is only the latest in a series of mass layoffs in the cryptocurrency and blockchain technology industry. Earlier this month, Consensys fired 100 of its employees (about 10 percent of its entire staff strength) as Ethereum price 00 plummeted from an all-time high of $1,400 in January to as low as $83 in early December. Reports even indicate that the company isn’t through with its downsizing.

Others like Steemit and Ethereum mobile dApp maker Status have also significantly reduced their workforce in the past months. For many of these startups, the reason for their downsizing is directly tied to the dramatic fall in cryptocurrency prices with many experiencing drop of over 90 percent.

Oddly enough, despite the increasing layoffs, the latest figures show that talent is still very much in demand in the space. A recent Glassdoor survey found that job openings in the cryptocurrency industry are at an 18-month high.

What do you think the situation at Bitmain reveals about the state of similar companies in the cryptocurrency scene at the moment? Please share your thoughts with us in the comments below.


Image courtesy of Twitter (@DoveyWan and @Excellion), Shutterstock

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Pro 23

Bitcoin Price to $17K in 2020, Says ‘Unorthodox’ Mining Difficulty Prediction

An ‘unorthodox prediction’ of mining difficulty increases puts the bitcoin price somewhere around $17,000 in 2020 — due to the possible power law relationship between the two.


Bitcoin price and difficulty ‘power law relationship’

Twitter user @100trillionUSD is back again with another intriguing chart — this time plotting the relationship between BTC price 00 and expected bitcoin mining difficulty in the coming years.

The previous graph visualized the relationship between the bitcoin mining reward halving and its impact on price over time, plotting the months before the halving event took place. This time the focus was on mining difficulty and price, since many analysts consider it to be inextricably linked to network hash rate.

 “Price follows hashrate,” said Max Keiser earlier this year. Adding that it’s been his “mantra” since bitcoin was at $3.

Mining is undoubtedly profitable when the hash rate is rising. It also means miners are confident in the future of Bitcoin if they are adding hardware to scale up their operations. However, a high hash rate also causes the Bitcoin mining difficulty to increase. This makes the mining process more resource-intensive as more hash power is needed to achieve the same results as at lower difficulty levels.

If the hash rate is too high relative to the price at which miners can sell their mined bitcoin (as we’ve seen this year), the most unprofitable miners will likely drop out. They may sell their equipment or simply turn off their rigs until the price recovers or it becomes easier to mine as difficulty adjusts. 

“Based on the poll results on bitcoin difficulty and the possible power law relationship between bitcoin price and difficulty (see formula below), an unorthodox prediction of the 2020 bitcoin price would be: $17,317,” explains 100trillionUSD.

Overall, 85 percent of respondents believe the difficulty will increase 10-100 times in the next two years. Meanwhile, only 10 percent think this is the beginning of the end for Bitcoin mining frequently referred to as the ‘death spiral’ (more about this later).

The biggest share of respondents (59 percent) expects the difficulty to rise 10x between today and the end of 2020. A smaller group (27 percent), however, believe the increase could be as high as 100X, which would translate into a price above $28,000.

Granted, the poll sample size was rather small with just over 250 votes. Nevertheless, mining difficulty is an important factor to consider for not only predicting BTC price but also evaluating the state of the network as a whole.

Difficulty Drops But No ‘Death Spiral’

Bitcoinist recently reported that the Bitcoin network mining difficulty just had another downward adjustment to lower price. The biggest in seven years, in fact, amid a year-long bear market that saw an 85 percent drop in market capitalization from its all-time high in late 2017.

But contrary to many ‘experts’ equating a break in the trend to the start of a mining ‘death spiral,’ the difficulty adjustment is an important counterbalance for the Bitcoin network. In other words, the adjusting difficulty (every 2016 blocks) relative to hash rate is a feature that enables the Bitcoin network to find the equilibrium for mining profitability.

What’s more, this is similar to what central banks do by raising and lowering interest rates with changing market conditions. However, in Bitcoin’s case, the adjustment is entirely baked into the code and thus, entirely predictable. 

Is mining difficulty a good metric to consider when predicting price? Share your thoughts below! 


Images courtesy of Shutterstock, blockchain.info, @100trillionUSD.

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