Edward Flores

published in Blogs

Feb 11, 2021

Bitcoin: The 6th Most Circulated Currency in the World?

In November 2017, The Bank for International Settlements ranked Bitcoin as the sixth most-circulated currency in the world, at $180 billion. The ranking, calculated when bitcoin was valued at $10,765 each, means the flagship cryptocurrency outranked the UK pound and the Russian ruble, and was only surpassed in total value by the rupee (India), yen (Japan), yuan (China), euro (Europe), and the US dollar.

While bitcoin has been performing extremely well over the last year plus, it is worth noting that the value of notes in circulation does not equate to total value of a currency. But with ethereum and bitcoin cash occupying spots #17 and #20, respectively, the rankings illustrate cryptocurrency’s rapid growth and increasing prestige.

The numbers are startling – in May 2017, a bitcoin was worth under $2,000, and total circulation was valued at around $40 billion. A little over six months later, a bitcoin was worth $19,400, bringing total valuation to $300 billion. Bitcoin mining machines are solving the increasingly-complex math problems needed to create new bitcoin about every 10 minutes, with each successful solution bringing 12.5 new bitcoin into the world. The roughly 16.7 million bitcoins in circulation today are almost 700,000 more than in December 2016.

There are questions about how bitcoin, whose finite supply is 21 million units, will respond after all remaining coins are mined (a milestone experts will be reached by 2040) and the total number in circulation is finalized. A recent report from digital forensics firm Chainalysis suggest between 2.78 and 3.79 million bitcoins have already been lost, the victims of misplaced wallet keys and other missteps. Present-day bitcoin owners appear to be much more vigilant in storing their holdings – the report finds that most lost bitcoins are from the early years of the currency, in 2009 and 2010, when it was significantly less valuable.

It is unclear whether bitcoin is scarcer by virtue of these losses or if the market has adjusted its value to these missing coins. Kim Grauer, Senior Economist at Chainalysis, believes the answer is complex: “Direct calculations about market cap do not take lost coins into consideration. Considering how highly speculative this field is, those market cap calculations may make it into economic models of the market that impact spending activity,” said Grauer. “Yet the market has adapted to the actual demand and supply available – just look at exchange behavior. Furthermore, it is well-known monetary policy procedure to lower or increase fiat reserves to impact exchange rates. So the answer is yes and no.”

Whether bitcoin continues its meteoric rise in value is debatable, but one fact is not – cryptocurrency is here to stay. Bitcoin, ethereum, and more are growing in circulation and influence, and the revolution is far from finished.

Related Tickers: BCH.X

Sergey Savastiouk

published in Blogs

Mar 07, 2021

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

John Jacques

published in Blogs

Mar 22, 2018

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I. Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.

Sergey Savastiouk

published in Blogs

Jul 10, 2020

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.

Edward Flores

published in Blogs

Feb 06, 2021

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations. As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.

Alla Petriaieva

published in Blogs

Feb 23, 2021

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.

Sergey Savastiouk

published in Blogs

Aug 07, 2018

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.

Abhoy Sarkar

published in Blogs

May 22, 2020

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record.

Rick Pendergraft

published in Blogs

Feb 07, 2021

Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

Mar 10, 2021

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

May 08, 2020

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.