Bitcoin slowing down

Capital to Move Bitcoin Price Not Easily Available Gone are the days, when it was relatively easier to bring significant changes in the bitcoin price action. BTC trading was not physically possible until July 17, Although institutional investment in bitcoin and the crypto market is expected to rise manifold according to noted global fintech leaders. Just not long-term price growth even short-term explosive rallies will become increasingly less as volatility will reduce and bull markets will take longer timeframes to develop.

However, all hope is not lost. Even though the non-diminishing price model does not guarantee humongous returns, bitcoin will still continue to grow from strength to strength and outperform most traditional assets. Share with us your thoughts in the comments below! By design, the cryptocurrency is limited to 21 million coins—the closer the circulating supply gets to this limit, the higher prices are likely to climb.

It is difficult to predict what will happen to prices when the limit is reached; there will no longer be any profit from mining Bitcoin. As big financial players compete for ownership in an environment of dwindling supply, Bitcoin's price will likely fluctuate in response to any actions they take. Bitcoin Investor Actions As the most popular cryptocurrency, Bitcoin demand increases because supply is becoming more limited.

Long-term, wealthier investors hold their Bitcoins, preventing those with fewer assets from gaining exposure. According to the National Bureau of Economic Research, one-third of all Bitcoins were held by the top 10, investors at the end of Brokers and other financial institutions are working desperately to get approval from the Securities and Exchange Commission for Bitcoin-backed securities —the number held by institutions and large investors will continue to rise as more securities are designed.

Bitcoin volatility is also driven, to an extent, by these investors. It is unclear how Bitcoin whales—investors with BTC holdings in the tens of millions or more—would liquidate their significant positions into fiat currency without affecting Bitcoin's market price.

If the whales were to begin selling their Bitcoin holdings suddenly, prices would plummet as other investors panicked as well. Investors with thousands of Bitcoin may not be able to liquidate their assets fast enough to prevent enormous losses. Emerging technologies like decentralized finance and the metaverse may reveal Bitcoin's market staying power, but it is still speculation whether Bitcoin will have any value or utility in these systems.

Bitcoin volatility is also partly driven by the varying belief in its utility as a store of value and method of value transfer. A store of value is an asset's function that allows it to maintain value in the future with some degree of predictability. Many investors believe that Bitcoin will retain its value and continue growing, using it as a hedge against inflation and an alternative to traditional value stores like gold or other metals.

Bitcoin in the News Because news and media outlets are businesses that need content for their readers and viewers, they often present information and predictions from "experts" that are not always verified by evidence other than opinions. It's not uncommon to hear an opinion from someone heavily invested in Bitcoin stating that the currency will soon be worth hundreds of thousands.

Others hype newly invented cryptocurrencies to try and take away market share from Bitcoin. However, most of this media attention and publicity serves to influence Bitcoin's price to benefit the people who hold large numbers of coins. When media outlets announced Proshare's introduction of its Bitcoin Strategy ETF exchange-traded fund in late October , Bitcoin's price skyrocketed over the next few weeks.

Bitcoin Regulation Rumors about regulations tend to impact Bitcoin's price in the short term, but the significance of the impacts is still being analyzed and debated. Government agency views of cryptocurrency can also affect Bitcoin's price.

The IRS also considers Bitcoin a capital asset if it's used as an investment instrument. Additionally, if you mine a Bitcoin, you are required to report it as income based on the coin's market value on the date you receive it. The tax stance taken by the IRS means taxes must be paid when you use Bitcoin. As a result, taxes factor into Bitcoin's market price—but it doesn't necessarily contribute to its volatility unless the tax regulations change often and cause investor concerns.

China's government and central bank announced in that all cryptocurrency transactions or facilitation were illegal.

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He said the sector could potentially provide extra revenue for the Russian economy. El Salvador made history by becoming the first sovereign country to accept BTC as legal tender. It has since been buying the dips and accumulating Bitcoin while providing infrastructure for its citizens to tap maximum benefits from cheap remittance enabled by Bitcoin.

Bitcoin Technical Analysis The Bitcoin price is up 30 percent from January lows at the time of writing. Still, there are fissures as lower lows print relative to the upper BB. Technical charts courtesy of Trading View Disclaimer: Opinions expressed are not investment advice.

Do your research. Bitcoin Core v22 1st run took 6 hours 27 min to block , I thought perhaps it was because I had a wallet enabled, so I did a 2nd run with the wallet disabled, but it once again took exactly 6 hours 27 min. Suffice to say that these results are confusing. I'm on the same gigabit connection as last year and my bandwidth tests don't show it to be a bottleneck. After discussing with Core maintainer Marco Falke, he suggested the culprit could be bad peers on the public network: Syncing from the network obviously means that the weakest link might be outside your control.

Two scenarios come to mind: First, you might have a peer that delivers blocks, but does so at a reduced speed. Second, you might have a peer that actively sabotages block relay by promising to send the block, but never follows up. This should cause slow-downs whenever the slow peer is the last one in the block download window. Charting Sync Performance To try to determine where the slowdown is happening, I next took the sync logs from v21 and compared them to v22, resulting in the following chart.

Here we can see that the slowdown is pretty uniform throughout the blockchain sync. Malicious Peers? During my first sync test of Gocoin it crashed while requesting a block from this peer due to receiving malformed block data. Note that this google cloud hosted node that served malformed block data existed in November but as of January it no longer exists.

I haven't been able to find a pattern of other nodes acting in a similar fashion, but it's noteworthy because this is the only "obvious" maliciousness that I've observed during my testing. Too Many Pruned Nodes? Of course, it could be lying, but we'll discuss that later. I think it's unlikely that this is the culprit of the network-wide slowdown.