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Showing posts from February, 2021

Why are crypto projects and ICOs giving away coins for free?

  Cryptocurrencies only hold value because people believe in them and recognize their worth. The more people who own a cryptocurrency, the more likely it is to become widely adopted and rise in value. Airdrops are effective due to the endowment effect, a phenomenon in which people will ascribe value to things merely because they own them. By conducting a bounty airdrop, a DeFi startup can create mass awareness about their project, token sale or pre-ICO with minimal cost to them. Social media campaigns allow the project to become visible to people who would otherwise never recognize its existence. Airdrops can also create a vast network of users who are motivated to push a project’s success by doing things together like winning community votings for exchange listings. By rewarding token owners with free airdrops, projects can also encourage users to hold (HODL) their coin for the long-term. This can effectively lower the selling pressure of the coin. Holder airdrops have been a popu...

THE MATHEMATICAL MODEL ( FORMULA) TO PREDICT BITCOIN PRICE

                        A unique mathematical formula, which models the bitcoin price precisely for more than 10 years before and more than 10 years after today. Believe it or not, but there is a simple formula to calculate the future bitcoin price with great accuracy. Want to know the price for Bitcoin — take your scientific calculator and calculate it: Where  t  — the number of days since the Bitcoin Genesis block. Dear friends, colleagues, clients and enthusiasts! By this article I want to   congratulate everyone of you on this  CRYPTO blog coming. I know that all of you saw this diagram millions of times in your bitcoin journey. What is the orange line in this chart? Of course many people will easily recognize the BTC-USD price chart. But let me add to this diagram some mathematics the way that probably nobody did with this chart. I took all available data since July 2010. The bitcoin price was 5 cents p...

Understanding Bitcoin Price Charts

Whether you already own bitcoin or plan to get some, sooner or later you’ll want to know how much the cryptocoins are worth when  converted to your currency of choice. Later, you may want to know whether to hang onto your coins or to sell them – hopefully making a little profit in the process. However, analyzing price charts and understanding trading terms from the financial world can be rather daunting, especially for the beginner. This guide serves as a useful primer of the basics. What is bitcoin’s current price? The best place to find out the latest price of bitcoin (currency symbol: BTC or XBT) is the exchange you bought them from (Bitstamp, Bitfinex and BTC-e being the most popular exchanges at the moment), or Coindesk’s own Bitcoin Price Index. Knowing bitcoin’s current price is one thing, but pretty soon you’ll want to know where prices will go in the future. Methods for predicting price trends Forecasting price movements of anything traded at an exchange is a risky probabi...