Joseph Young
Joseph Young is a financial analyst based in South Korea. He has covered Bitcoin and the crypto market since 2013. He regularly contributes to the BTC Times, Forbes, and Cointelegraph.
According to data from stock-to-flow (S2F) creator PlanB, Bitcoin recorded a 100% gain or more in five of the past ten years. Bitcoin’s strong long-term performance strengthens the DCA (Dollar Cost Averaging) approach that has enjoyed increased popularity amongst bitcoiners in recent months . Cost Averaging is More Effective With
News • Bitcoin • Aug 26, 2020On-chain data from the market analysis firm Glassnode shows the level of Bitcoin “HODLing” activity has spiked to levels unseen for more than three years. The number of circulating bitcoin that has not moved for over two years reached 8 million, which suggests more users are holding bitcoin with a
News • Bitcoin • Aug 25, 2020The narrative that China could gain control of the majority over the Bitcoin network’s hashrate has been around for a while. Although many large-scale mining centers are based in China, it is not as simple as taking over all of the miners in the country. It is extremely complicated,
News • Bitcoin • Aug 25, 2020Bitcoin has been trading above $10,000 USD for around six weeks, demonstrating firm momentum and resilience. It has established the previous $10,500 USD peak achieved in February 2020 as a support level, maintaining an upward trend. The current market structure is more favorable than previous price cycles because
News • Bitcoin • Aug 25, 2020Following the World Health Organization’s (WHO) declaration of a pandemic in March, central banks have continued to maintain near-zero interest rates. Analysts argue the rate cuts have not been “natural,” and over the long-term, some investors say it could positively affect Bitcoin. In a column published by the Financial
News • Bitcoin • Aug 24, 2020The majority of traders on top Bitcoin futures exchanges appear to be leaning cautious on Bitcoin’s short-term price trend. Long and short contract ratios across Bitcoin futures exchanges. Source: Bybt Data released by cryptocurrency futures trading and information platform Bybt shows more than 50% of traders are shorting Bitcoin.
News • Bitcoin • Aug 24, 2020Lightning Labs, a Bitcoin company backed by Twitter founder Jack Dorsey and Robinhood co-founder Vlad Tenev, released lnd 0.11-beta on August 20th, an upgrade to the Lightning Network Daemon (LND) that allows for the operation of bigger Lightning channels. Since 2016, Lightning Labs, which recently raised a $10 million
News • Bitcoin • Aug 22, 2020On August 20th, peer-to-peer exchange platform Bisq shared it had processed its 70,000th trade, after facilitating 20,000 trades in the previous six months. Bisq hits 70,000 all-time trades. Source: Bisq Bisq processes crypto-to-fiat and crypto-to-crypto trades without a third party. Bisq’s official GitHub page describes the
News • Bitcoin • Aug 22, 2020