Where Are Bitcoin and VAULT Coin Prices Going Next? — VAULT Cryptocurrency Blockchain News #15
We have seen very little price movement for Bitcoin over the past couple of months. BTC seems to be stuck in the $30,000-$35,000 range with no clear direction.
Many are saying we are in a bear market. We have seen a dramatic drop in price from $60,000 and these bears only see the price decreasing further from here.
There have been many predictions that Bitcoin is going to crash hard and most of them have come from big banks and Wall Street. We have seen an increase in negative news about cryptocurrencies many times in the past, but when we look at the bigger picture, we see that it keeps going up in value.
There are many predictors that still indicate we are progressing nicely toward higher highs. With the recent price dips, some of these are being tested.
After many years of investing in cryptocurrencies, I have learned that price tends to move in the opposite direction of public sentiment.
In order to make money in crypto you have to follow the smart money. You always want to swim with the whales and not against them.
The people holding 1,000–10,000 Bitcoins are not panicking with the recent price drop and sideways action. These whales are gobbling up all the Bitcoin that panicked sellers are dumping on the market.
Will Bitcoin go to $20,000 next week. There is a possibility it will. Will it hit a new all-time high by the end of 2021? There is a very high probability that it will. History has shown that, despite all the negative news, Bitcoin just keeps going up and up. I’m going to HODL strong and watch what happens.
Bitcoin Shows Resilience Amid Global Political Pushback
The market has fared better than some may have expected. Regulatory actions aren't the only cause of the market's…
VAULT Crypto News This Week
BNJ upgraded to the new collateral (11000), all masternodes restarted.
MONK successfully updated to v184.108.40.206 after several issues with its chain.
MONK chain is experiencing instabilities causing lots of masternodes to go “Missing”. This is likely to affect the rewards over the following rounds until the chain stabilizes. For more details please refer to Monk discord (link in your Monk share details). We are doing our best to keep the nodes alive.
KONJ updated to v220.127.116.11, all masternodes restarted.
VAULT Coin’s Market Performance This Week
As usual, VAULT’s blockchain is running smoothly and producing great rewards for investors. VAULT price had another challenging week during this cryptocurrency market downturn. We saw the high at $4.20 on Sunday. We had a low of $3.78 on Friday. We closed out the week at $3.82, down from $4.14 last week for a loss of 8.0% for the week.
We saw an average of $1,343.25 traded daily. This held above the $1,000 daily level and is only slightly below last week’s number of $1370.65.
VAULT coin trades on CREX24 and SouthXchange and we saw 100% of the trading volume this week occurring on CREX24. The Minimum Guaranteed Price buy wall of 1,000 VAULT at 10,500 Satoshi continues to be well-protected by investor demand, with orders currently totaling 403.98 VAULT above the wall. Current price is 12,050 Satoshi (0.00012050 BTC), slightly above last week’s closing price of 12,006 Satoshi (0.00012006 BTC).
In addition to the platform, products, use and demand, VAULT continues to benefit greatly from being tied to Bitcoin. This week we saw BTC go down 6.3%.
VAULT has been rated a profitable investment on digitalcoinprice.com. Check out their price predictions below.
Bitcoin (BTC) Update
Investopedia defines inflation in the following way: Inflation is the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average price level of a basket of selected goods and services in an economy over some period of time.
Inflation is the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at…
Why do we care about inflation? When we have inflation, then goods that we purchase cost more. We find that what we bought for $1 three years ago costs $5 now. If we are not making more money, then we are not able to purchase the same amount of goods we have in the past. Sometimes, even if we get a raise, we still lose out if the raise is not higher than the increase in inflation.
No matter your political leanings, you can’t deny the fact that inflation of the US dollar is becoming a major issue. There are many reasons for this, but the massive printing of dollars to provide stimulus money during this pandemic has devalued our currency.
We see this in the price of gas, cars, houses, building material and food. Why are people in developing countries turning to Bitcoin and away from fiat currencies? Below is the best example I have found so far to explain the power of Bitcoin.
If you compare the US dollar to Bitcoin, you find a dramatic fall in value of the dollar. Over the last 10 years, the dollar has fallen 99,958% compared to Bitcoin.
I really want this T-shirt because I like how it sums up Bitcoin. When you look at money today is there any smarter form of currency? If not, then why don’t more people embrace it? Do they not know or do they just not care?
Cryptocurrency News This Week
Saaquon Barkley gets it
Scammers be Scamming
Happy Birthday Binance
Is Binance in trouble?
Need more evidence that whales are buying the dip?
Where are all those Grayscale Bitcoins going to go?
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using is holding 1 CRYO VAULT masternode (CRYO VAULT available here) with 0.1 BTC invested in the BTC% program (check it out here).
I wanted to show you what kind of returns you could be earning weekly and cumulatively.
One VAULT masternode of 1,000 VAULT with current ~26% ROI generated 5.54 VAULT blockchain rewards this week for a total of 86.26 VAULT over the past 16 weeks. Total is now 1,086.26 VAULT. The total dollar value earned was $327.79 at VAULT’s current price of $3.80. The total BTC value at VAULT’s current price (0.00012050 BTC) is 0.01039433.
Investing 0.1 BTC in the BTC% program earns you 11% APR, giving you a weekly return of 0.00021089 BTC. Over the last 16 weeks, this would be worth 0.00337424 BTC or $107.
The total value of your potential returns over the past 14 weeks would be $434.79 or 0.01376857 BTC.
We Are Here To Help You DYOR (Do Your Own Research)
I hope this week’s lesson in price prediction models has given you some new knowledge. If you have any questions please feel free to post or contact me Bobtilladhun (firstname.lastname@example.org) or any team member on VAULT Investments Discord server:
VAULT Global Ambassadors
We want to again invite people to become a VAULT Ambassador. It is a great way for us to spread the great news of VAULT investments to everyone around the world. If you would like to join our growing international community, please click here for more information.
kikiriki#9227 — Greece
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This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR. Invest at your own risk.