@Damxchange
Hello read.cash, glad to be hear. I look forward to writing and contributing to this platform. I’ll be concentrating mostly on Crypto and economics but may write about other topics as well.
@Damxchange
@Damxchange in November 2020
@Damxchange
@Damxchange
Bitcoin Whitepaper This is my first article on read.cash so I thought I’d dedicate it to the Bitcoin whitepaper. I’ve included a link to the whitepaper, if you haven’t read it please do so, it’s a quick read only about 9 pages. I’ve also included a video, it’s an interview with Wall St analysts Tom Lee, a highly respected analyst as well as Dr. Wright. I’m not here to promote BitcoinSV, just wanted to post the video as they talk about Bitcoin in-depth, it’s a good listen for…
@Damxchange
Bitcoin Transactions and Global E-commerce We wanted to take a look at global e-commerce from 2019 and estimated for 2020 compared to Bitcoin and other leading Crypto. The transaction volume you’re going to see is for transactions on the blockchain only and does NOT include transactions done on exchanges. What you’re going to see is quite surprising, just to be transparent I check these numbers on a daily basis and they fluctuate. As an example, just last Friday the Bitcoin…
@Damxchange
Bitcoin vs Fed & ECB Now this is very interesting. The chart below shows direct correlation between Bitcoin and the balance sheets of the Fed and ECB since Bitcoin was created. Something big could be brewing as you can see how the balance sheets of the Federal Reserve and the ECB have exploded higher. Will Bitcoin follow suit and explode higher? Time will tell. Thank you to the Bitcoin supporter that calls themselves PlanB on Twitter for supplying the chart. #Bitcoin #BTC…
@Damxchange
How You’re Being Driven Into Poverty Poverty was something that used to impact the few in America. Growing up I’d see the commercials on tv to donate just one dollar a day and I could change someone’s life in whatever country. That the poverty was running rampant in that part of the world. Boy have times changed. Poverty is now running rampant in America. Homelessness is on the rise in just about every city, especially after Covid hit, but honestly even before it hit. The…
@Damxchange
Bitcoin Cash vs US Dollar So far in 2020: US Dollar has lost 4.3% of its purchasing power. Bitcoin Cash has gained 27.5% in purchasing power. That $100 you had on Jan 1 now buys $95.70 of stuff while that $100 of BCH now buys you $127.50
@Damxchange
Bitcoin vs US Dollar As as of November 10th 2020: The US Dollar has lost 4.3% of its purchasing power due to inflation which the government claims is only 1.3%. Obviously they’re wrong but when you don’t include food and gas in the calculations of inflation it’s easy to keep the figure low. Bitcoin has gained 114% in purchasing power due to its limited supply. We know there will never be more than 21 million Bitcoin, it’s in the software code. As long as demand for Bitcoin…
@Damxchange
Bitcoin Closing In On E-Commerce As I mentioned the other day one must keep watch of the daily Bitcoin transactions to get a good feel on how it’s doing compared to global e-commerce. We all know it’s estimated that global e-commerce will average $11.7 Billion per day. Just the other day Bitcoin did about $6.6 Billion, not bad but let’s look at the past 24 hours. Bitcoin quietly reached $9.5 Billion, it’s the quiet Crypto, strong and steady. It doesn’t need a lot of…
@Damxchange
Bitcoin, Bitcoin Cash & Bitcoin SV How It All Plays Out If you don’t know, there are 3 Bitcoin (actually more but they aren’t worth discussing) the one most people recognize as the original, Bitcoin (BTC), the first fork of Bitcoin called Bitcoin Cash (BCH), and a fork of the fork called Bitcoin SV (BSV). I don’t want to go into the reasons why there’s 3 and the specifics, I want this article to be about how I see these 3 playing out over the next two decades within the…
@Damxchange
Updated Bitcoin S2F Model Chart update of the Bitcoin S2F (time series only) model. Price dots moving nicely towards model line. S2F multiple (white dots) rising. Thanks to the work from Plan B on Twitter. His analysis has been spot of for years now 👍👍
@Damxchange
Technical Analysis for the 3 Bitcoin & Litecoin Let’s take a look at the technical analysis of Bitcoin, Bitcoin Cash and Bitcoin SV. Bitcoin (BTC) is looking beautiful. Wouldn’t be surprised to see a pullback which would actually be a good sign especially if it holds $12,000 - $13,600 area. A pullback into that range followed by a period of consolidation could lead to another very strong rally. Bitcoin Cash (BCH) is certainly the second strongest looking of the 3 and that…
@Damxchange
Bitcoin Powers Ahead of Global E-Commerce In past 24 hours Bitcoin surpassed global e-commerce with $13.1 billion in transactions, Bitcoin Cash came in with $278 million & BitcoinSV just shy of $60 million. Nice jump for BTC & BSV for sure.
@Damxchange
Bitcoin SV breaking tech boundaries https://coingeek.com/true-p2p-and-spv-released-on-bitcoin/ Absolutely HUGE news. I can’t imagine the types of advancements in technology this is going to usher in... #BitcoinSV #BSV #Bitcoin #BitcoinCash
@Damxchange
Bitcoin SV and True P2P with SPV Bitcoin SV breaking tech boundaries https://coingeek.com/true-p2p-and-spv-released-on-bitcoin/ Absolutely HUGE news. I can’t imagine the types of advancements in technology this is going to usher in...The possibilities will be endless really. I can’t even begin to imagine what this will allow and create. The next 10 years is going to be incredible.
@Damxchange
Bitcoin Trading is Off The Charts If you haven’t checked out this website I strongly suggest you do. Right now the trading around the world in Bitcoin is off the charts. This website will show you in real-time where all the action is coming from. Click here: https://fiatleak.com/btc
@Damxchange
Bitcoin SV Coming To A Critical Price Point Getting close to a critical price point on the daily for Bitcoin SV Will be interesting to see what happens over the coming few days
@Damxchange
Bitcoin SV and Bitcoin Cash Trying To Breakout? Bitcoin SV and Bitcoin Cash are having a really solid day so far but they both need to have a daily close above the top lines drawn before you should consider them breaking out. See both charts below. Both top lines drawn are important price points. It would be healthy to see a daily close above the top line followed by a retest of that top line several days later. Assuming that retest holds the line on a closing basis the odds…
@Damxchange
Bitcoin Cash Fails While Bitcoin SV Breaks Out Bitcoin Cash failed to breakout closing right at the upper trend line. The next few days will be critical. Bitcoin SV officially broke out, closing far above the upper trend line. Now let’s see if it retests the line which could see a pullback to $170-$180. A pullback would actually be healthy.
@Damxchange
Bitcoin Lightning Network Nodes vs BSV and BCH Let’s take a look at the Bitcoin Lightning Network. I know it’s controversial, BCH fans as well as BSV fans tear it apart on a daily basis but then again they do the same to each other. I’m not in a certain camp, I’m an investor in all 3 Bitcoin and promote all 3 to my clients. I do want to provide relative and important information to my clients as well as the general public so they can make the best choice for themselves. So…
@Damxchange
Tron Kicking Butt and Taking Names Tron is absolutely killing it. Just shy of 2 million transactions per day last week. It added close to 1 million new addresses just last week. Some people may hate on Justin Sun, the creator of Tron, but just like so many other projects the haters have an agenda. If they just stopped with the agenda bullshit and acted as adults the entire community would be much better. In the end Tron doesn’t care what it’s detractors have to say, it’s…
@Damxchange
Tron Leads in Transactions & Dapps While Bitcoin Leads in Transacted Dollars Past 24 hours: Bitcoin done 90% of e-commerce daily average transactions Bitcoin Cash about 6% Bitcoin SV about 2% Tron about 1% Number of Transactions: Tron 1.7 million Bitcoin SV 700k Bitcoin 300k Bitcoin Cash 20k TRON Weekly Report 1. TRON blockchain height has exceeded 25.14 million 2. The total number of transactions on TRON network has exceeded 1.3B 3. 992,000 new TRON wallets last week 4.…
@Damxchange
What Do Oranges, the US Dollar & Bitcoin Have in Common? The above chart is the US Dollar vs Bitcoin. If more people understood this America would be a much different place today. Just this year the US Treasury has printed 24% of all US Dollars in existence. Think about that for a moment. America is 244 years old, yet in 11 months we’ve printed 24% of all the money in existence. Lets look at a basic example that doesn’t include the dollar or Bitcoin. Take oranges, Florida…
@Damxchange
Bitcoin & Wall Street Working on Wall St since the late 1980’s till 2015 I’ve got a little sense as to what the big money players are thinking with regards to Bitcoin. To me it feels like the big guys getting into Bitcoin like Stanley Drukenmiller, Bill Miller, Paul Tudor Jones don’t care much about the problems that the BitcoinSV & Bitcoin Cash crowd say about Bitcoin on a daily basis. They have done their research and bought into the digital gold narrative. To them it’s…