$2.4 Billion Bitcoin Futures Just Expired… Time to Sell Quick, or Should You Hold? It Depends…

December 31, 2020

TL:DR Version

There are many reasons why you may want to consider selling your Bitcoin, namely $2.4bn if Bitcoin’s futures just expired… Will the new owners sell for a quick fast profit, or hold? What they decide may have a serious impact on BTC value.

So, if you’re looking for long-term investment and are not worried about (potentially) short to long-term losses, then maybe hold. Conversely, if you are not investing in Bitcoin for the long haul, NOW (before Jan 1st) may be a good time to sell.

What Are Bitcoin Futures?

A Bitcoin future trade, essentially allows investors to sell and buy Bitcoin at future dates and an agreed price that is set now.

A futures contract is an agreement between two parties who intend to buy and sell Bitcoin at a preplanned price and a specific date in the future. Around $2.4 BILLION in BTC is set to expire on the 25th of December.

The effect this will have on the value of Bitcoin is unknown. Perhaps, then, you should sell?

What ‘Type’ of Bitcoin Investor Are You?

If you are a die-hard long-term BTC investor who is happy for the value of your BTC holdings to take a plummet, potentially for some time, knowing (or, believing) that the value will rise again, then you may not be too concerned.

Ongoing Tension Between El Salvador and the IMF Over Bitcoin Adoption

Cryptocurrency vs. Traditional Finance: Which is Better?

The Dark Side of Cryptocurrency: Scams and Risks to Avoid

Blockchain in Today’s Realities: Transforming Industries and Shaping the Future

Is Bitcoin’s weekly drop a buying opportunity?

Bitcoin targets $70,000 as stablecoin inflows and China’s stimulus drive rally

However, if you’re looking to profit in the short or even medium term, it may be a good time to sell your BTC – Or at least some of them.

Sell During The Bull?

There is no doubt that BTC is experiencing a bull phase right now. The value is high, and if you purchased BTC before this current bull period, it may be wise to offload at least some of your Bitcoin holdings to balance the risks.

Keeping some Bitcoin will allow you to benefit from potential future value increases while also realizing a profit and seeing the return of your fiat money in the short term. It is difficult to predict the future price of Bitcoin after the pandemic.

However, the current surge in Bitcoin’s value has created significant profit opportunities for investors, particularly if they choose to sell a small percentage or all of their holdings.

What do you think?

Will you hold on to your BTC, sell them all, or sell a percentage to balance short-term profits vs risks?

Like it? Share it with your friends!

Bitcoin targets $70,000 as stablecoin inflows and China’s stimulus drive rally

Bitcoin (BTC) has surged past the $65,000 mark, fueled by a wave of stablecoin liquidity and stimulus measures from China, setting its sights on a potential breakthrough to $70,000. This rise comes as a welcome recovery after a period of bearish market sentiment. Bitcoin aims for $70,000, supported by stablecoin inflows According to a recent report by 10x Research, Bitcoin has emerged from its recent downtrend and is now targeting a key milestone of $70,000. The report highlights that a combination of factors is behind this price increase, most notably a surge in stablecoin liquidity and a broader recovery in the global cryptocurrency market. The report states, “Our immediate focus is on Bitcoin’s recent breakout above $65,000, with a target of $70,000 in the next two weeks and the potential for new all-time highs by the end of October.” The release of Binance’s founder adds to the market momentum The shift in market sentiment also coincides with the release of Binance founder Changpeng “CZ” Zhao from federal custody in the U.S. on September 27. Zhao’s release has been seen as a positive development by many in the crypto community, further boosting market confidence. Stablecoin surge following FOMC meeting In the weeks following the Federal Open Market Committee (FOMC) meeting on July 31, where key decisions on interest rates were postponed, there was an issuance of nearly $10 billion in stablecoins. This influx of stablecoins has had a major impact on the cryptocurrency market, with stablecoins serving as a vital bridge for traders moving funds into other cryptocurrencies like Bitcoin. Currently, the total value of stablecoins in circulation exceeds $160 billion, with USD Coin (USDC) gaining popularity among institutional investors. Circle’s USDC has become one of the most preferred stablecoins for large-scale transactions, further driving liquidity into the crypto market. China’s stimulus measures fueling the rally The report also emphasizes the influence of China’s recent economic stimulus plan, which has played a significant role in driving Bitcoin’s price. According to 10x Research, the $278 billion stimulus package announced by China has the potential to trigger a parabolic rally in cryptocurrency prices due to an increase in global liquidity. The report further notes that cryptocurrency brokers in China have witnessed over $40 billion in inflows during the first half of the year, with 55% of the trading volume coming from transactions exceeding $1 million. This signals strong institutional participation and adds momentum to Bitcoin’s upward trajectory. Lower volatility encourages larger institutional bets Despite the rally in Bitcoin’s price, its market volatility remains relatively low. The 30-day realized volatility is sitting at 41%, below the five-year average, according to the report. This lower volatility has attracted institutional traders, who adhere to strict risk management practices and are now taking larger positions in the market. “With reduced volatility, institutional traders can take larger positions,” the report states. “The likelihood of a Q4 rally is exceptionally high, with gains likely to accelerate.” If the predictions in the 10x Research report hold, Bitcoin could soon breach the $70,000 mark within weeks, potentially pushing prices even higher as the fourth quarter unfolds. Conclusion As stablecoin liquidity flows in and China’s stimulus measures boost global liquidity, Bitcoin appears well-positioned to reach $70,000 in the near term. Institutional involvement, combined with lower volatility, is further propelling Bitcoin’s price momentum. With October shaping up to be a strong month, all signs point toward a potential new all-time high for BTC by the end of the month. cointelegraph.com
>>Read more
Cryptocurrency vs. Traditional Finance: Which is Better?

The rise of cryptocurrency has sparked intense debate about its viability compared to traditional financial systems. As digital currencies like Bitcoin and Ethereum gain traction, many are left wondering: Is cryptocurrency a better alternative to traditional finance? This article delves into the key differences, advantages, and disadvantages of both systems to help you understand which might be the better option for you. Understanding Traditional Finance Traditional finance refers to the established financial systems and institutions that have governed economic transactions for centuries. This includes banks, stock exchanges, insurance companies, and government monetary policies. Traditional finance relies heavily on centralized authorities to regulate and facilitate transactions. Features of Traditional Finance Centralized Control: Traditional finance operates under a centralized framework where banks and financial institutions oversee transactions and manage the flow of money. Regulatory Oversight: Governments and regulatory bodies oversee financial systems to ensure compliance with laws and protect consumers. Consumer Protections: Traditional finance offers various consumer protections, such as deposit insurance and fraud protection. Established Infrastructure: The infrastructure for traditional finance is well-established, with a network of banks and financial institutions across the globe. Understanding Cryptocurrency Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology, which records all transactions across a network of computers. This decentralization means that no single entity has control over the currency. Features of Cryptocurrency Decentralization: Cryptocurrencies operate on decentralized networks, meaning that transactions are not controlled by any single authority. Transparency: All transactions are recorded on a public ledger (the blockchain), providing transparency and traceability. Peer-to-Peer Transactions: Cryptocurrency allows users to conduct transactions directly with one another without the need for intermediaries. Global Accessibility: Cryptocurrencies can be accessed and used by anyone with an internet connection, making them highly accessible. Comparative Analysis 1. Accessibility Cryptocurrency: Provides global access to users regardless of their geographical location. Anyone with an internet connection can buy, sell, and trade cryptocurrencies. Traditional Finance: May be limited by geographical boundaries, and access can be restricted by factors such as credit history, banking regulations, and fees. 2. Transaction Speed Cryptocurrency: Offers faster transaction speeds, especially for cross-border transfers, which can be completed within minutes. Traditional Finance: Transactions, particularly international ones, can take several days to process due to the involvement of multiple banks and regulatory checks. 3. Fees Cryptocurrency: Transaction fees can be lower than traditional finance, particularly for international transactions. However, fees can fluctuate based on network congestion. Traditional Finance: Often involves various fees, including service charges, wire transfer fees, and foreign transaction fees, which can add up over time. 4. Security Cryptocurrency: Uses advanced cryptography for security; however, the decentralized nature can expose users to risks such as hacks and scams if proper security measures are not taken. Traditional Finance: While generally secure, traditional finance systems can be vulnerable to fraud and cyberattacks. However, they typically offer consumer protections like fraud detection and reimbursement. 5. Regulation and Consumer Protection Cryptocurrency: Lacks comprehensive regulation in many jurisdictions, which can expose users to scams and fraud. There is little recourse if funds are lost. Traditional Finance: Heavily regulated, providing consumers with protection against fraud, theft, and insolvency. Advantages of Cryptocurrency Decentralization: Reduces reliance on banks and financial institutions. Low Transaction Fees: Especially for international transfers. Fast Transactions: Transactions are processed quickly, even across borders. Financial Inclusion: Offers access to unbanked populations. Advantages of Traditional Finance Consumer Protections: Established legal frameworks protect consumers. Stability: Traditional financial systems have a long history of stability and reliability. Regulation: Regulatory oversight provides security against fraud and abuse. Established Trust: Traditional finance benefits from consumer trust built over decades. Disadvantages of Cryptocurrency Volatility: Cryptocurrency prices can be extremely volatile, leading to significant risks for investors. Regulatory Uncertainty: The lack of comprehensive regulation creates risks and uncertainties. Security Risks: Users can lose their funds through hacks, scams, or losing access to wallets. Limited Acceptance: Many merchants and businesses still do not accept cryptocurrencies as payment. Disadvantages of Traditional Finance High Fees: Banks and financial institutions often charge high fees for services. Slow Transactions: Transfers, especially international ones, can be slow. Centralized Control: Relies on banks and institutions that can impose restrictions. Inaccessibility: Certain populations may be excluded from traditional financial systems due to various barriers. Conclusion: Which is Better? Determining whether cryptocurrency or traditional finance is better depends on individual needs and preferences. For those seeking decentralization, lower transaction costs, and quick access to funds, cryptocurrencies offer significant advantages. However, for individuals who prioritize security, consumer protection, and stability, traditional finance may be the preferred option. As the world continues to evolve, both systems will likely coexist, offering unique benefits and catering to different types of users. Ultimately, understanding both cryptocurrency and traditional finance allows individuals to make informed decisions about their financial futures.
>>Read more
Brazil’s Tax Authority Uses AI to Uncover Over $180 Million in Cryptocurrency Tax Fraud

Brazil’s Federal Revenue Service has recently revealed the use of an internal AI-powered tool designed to detect money laundering and tax evasion through cryptocurrency transactions. This advanced tool has already identified over $180 million in funds tied to illicit cryptocurrency activities. How AI is Aiding Brazil’s Tax Authorities Government agencies around the world are increasingly turning to artificial intelligence (AI) to streamline their operations. Brazil’s Federal Revenue Service has joined this trend, announcing that it is utilizing AI-based algorithms and complex network analysis to identify fraudulent financial activities. The tool was developed in-house and focuses on flagging cryptocurrency transactions linked to illegal behavior, enhancing the efficiency of the agency’s investigations. According to a recent statement, the AI tool played a critical role in detecting two major cases of cryptocurrency fraud. In the first case, the system uncovered a scheme involving over $125 million in transactions by shell companies. These companies were allegedly purchasing cryptocurrencies and masking fraudulent import and remittance operations. The AI’s ability to detect tax irregularities and other financial crimes proved essential in exposing the scheme. The second case involved money laundering connected to drug trafficking, arms dealing, and tax evasion, all involving cryptocurrency. The AI-driven tool was instrumental in tracking suspicious financial flows, helping authorities trace the perpetrators. A Broader Move Toward AI in Government The Federal Revenue Service isn’t the only Brazilian institution exploring the potential of AI. Roberto Campos Neto, President of the Central Bank of Brazil, recently shared that the bank is studying AI applications for its Central Bank Digital Currency (CBDC) pilot program. The Central Bank has even established a dedicated AI division, the Center of Excellence in Data Science and Artificial Intelligence (Cde IA), to advance these initiatives. This growing reliance on AI technology marks a significant shift in how Brazil’s government is addressing complex financial crimes, especially in the rapidly evolving world of cryptocurrency. As these tools continue to prove their effectiveness, their role in law enforcement and financial regulation will likely expand even further. Source: news.bitcoin.com
>>Read more
Bitcoin Evolution

Bitcoin Evolution is the latest form of Bitcoin trading using an online investor’s software, to join the world of Bitcoin trading. Everyone can regularly use the software, regardless of their amount of experience, understanding, and history, to enjoy its features and advantages. Bitcoin Evolution is defined as a special community that is given to individuals who have sprung from Bitcoin’s insane return and still have wealth in doing so. They also say that they have a 99.4 percent trading software that is exact. People believe the development of Bitcoin is not complete. But it doesn’t matter for Bitcoin Evolution if the Bitcoin cost rises or falls because Evolution Bitcoin is trading in both ways. The recommendations given by Bitcoin Evolution can also be given by the program itself, the trading pilot of an Autobot. This choice applies primarily to novice traders, but specialists use it because it is more lucrative than just creating your orders. You can create big earnings from just a few minutes a day by using the Bitcoin Evolution Autobot, while the algorithm does the work for you for the remainder of the day. The Bitcoin Evolution provides individuals with a fresh and creative manner to begin earning money internet. You are joined by a trustworthy and authentic companion in this extremely profitable sector. Bitcoin Evolution is considered to search for lucrative business possibilities in the electronic monetary market. After several inquiries on the system, the validity of this software was checked and verified. Bitcoin Evolution technology is the best choice you can start with if you plan to enter an online investment platform and create a full profit on worldwide economies. You can also research online and find numerous positive testimonies that are shared about the reliability and authenticity of the Bitcoin Evolution software, its ability to deliver promised results, and make the online money that generates experience easy and profitable. In all, all the evidence points to the Bitcoin Evolution software’s validity. Evolution of Bitcoin as a cryptocurrency It’s not a fresh concept to have a digital currency. A lot of efforts to create one took position before cryptocurrencies. The primary issue that most of them faced was the problem of double spending. A digital asset requires to be used only once to avoid it from being copied and counterfeited efficiently. The idea was launched by computer engineer Wei Dai over 10 years before cryptocurrencies. He released a document in 1998 where he talked about “B-money.” He discussed the idea of a digital currency that could be sent alongside a group of digital pseudonyms that cannot be traced. That same year, blockchain developer Nick Szabo launched another effort by the title of Bit Gold. Bit Gold also arrived at generating a decentralized digital currency. Within the traditional financial system, Szabo’s concept was prompted by inefficiencies, such as needing metal to produce currency and reducing the quantity of confidence required to generate operations. Although both were never introduced formally, they were components of Bitcoin’s impetus. 31 October 2008: Satoshi Nakamoto released the green document Bitcoin: A Peer-to-Peer Electronic Cash System explaining the Bitcoin blockchain network’s features. This day in the past of Bitcoin has paved the way for the following. 3 January 2009: Satoshi Nakamoto, whose real personality continues a mystery to this day, mined the Bitcoin network’s first chip, piloting blockchain technology efficiently. Also renowned as the Genesis Block is the first mined stone. 22 May 2010: Bitcoin was the first documented acquisition of products when Laszlo Hanyecz purchased two 10,000 BTC pizzas. As the Bitcoin Pizza Day, this day is still celebrated to date.
>>Read more
Calm Markets: Stocks, Crypto, and Gold Show Minimal Movement After CPI Report

The latest Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics reveals that inflation eased to 2.5% in August, the slowest rate since 2021. Core CPI, which excludes the volatile food and energy sectors, saw a modest increase of 0.3% for the month. Market Reactions: Stocks, Bitcoin, and Gold Remain Steady The Bureau of Labor Statistics (BLS) report, released on Wednesday, highlighted that “over the last 12 months, the all-items index increased 2.5 percent before seasonal adjustment.” The report also noted that “the index for all items less food and energy rose 0.3 percent in August, following a 0.2 percent increase in the previous month.” In response to the report, major stock indices showed little change. The Nasdaq saw a slight uptick of nearly one percentage point, while the S&P 500 registered minor gains. Conversely, the Dow and Russell 2000 experienced slight declines. Bitcoin’s price remained relatively stable, down 0.4% over the last 24 hours, with a minor dip following the Harris-Trump debate. Despite this small drop, Bitcoin attempted to maintain the $57,000 range at 9:15 a.m. EDT on Wednesday. The broader cryptocurrency market experienced a 1.2% decline, with global trade volume decreasing by 5.3% from Tuesday. Ethereum also had a subdued trading day. Bitcoin is trading lower at $56,446 per coin. Ether down 0.9% to $2,318 per coin by 9:35 a.m. Precious metals displayed mixed results on September 11. Gold fell by 0.4% by 9:15 a.m. EDT, trading at $2,510 per ounce. Silver saw a gain of 0.57%, reaching $28.58 per ounce. The CPI figures are approaching the U.S. Federal Reserve’s 2% target rate, potentially heightening expectations for a rate cut on September 18. Currently, there is an 83% chance of a 25 basis points reduction, while a 50 basis points cut stands at 17%.
>>Read more

$2.4 Billion Bitcoin Futures Just Expired… Time to Sell Quick, or Should You Hold? It Depends…

TL:DR Version

What Are Bitcoin Futures?

What ‘Type’ of Bitcoin Investor Are You?

Sell During The Bull?

What do you think?

Like it? Share it with your friends!

Related Posts:

Cryptocurrency vs. Traditional Finance: Which is Better?

The Dark Side of Cryptocurrency: Scams and Risks to Avoid

Bhutan holds double the bitcoins of El Salvador

Israel’s Move Toward a Cashless Society: Impact of Removing 200 Shekel Bills