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How To Deposit Bitcoin (BTC) Into Your Cash App Account – Step By Step Guide 2019

As of July 26th, 2019 you can now send Bitcoin (BTC) to your Cash App account.

Here is a step by step guide on how to send Bitcoin To Cash App

To deposit bitcoin into your Cash App:

  1. Tap the profile icon on your Cash App home screen
  2. Select Bitcoin
  3. Press Deposit and follow the steps to view your Cash App bitcoin address
  4. Scan, copy, or share your Cash App bitcoin address with an external wallet
  5. Confirm the transfer

Bitcoin withdrawals and deposits must be enabled to get started. You can deposit up to $10,000 worth of bitcoin in any 7-day period. Depending on network activity, it can take hours before transfers into or out of your Cash App are confirmed on the blockchain.

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Binance

Binance CEO Makes Rare Price Prediction On When To Buy Bitcoin

Bitcoin, along with the surging wider cryptocurrency market, has had an incredible start to the year.

The bitcoin price has rallied around 50% since January 1, with some smaller cryptocurrencies making surprise triple-digit percentage gains, and many bitcoin bulls think it still has further to go—though problems could be on the horizon.

Now, Changpeng Zhao, the widely-respected founder and chief executive of the world’s biggest bitcoin and cryptocurrency exchange Binance, has broken his rule against market forecasting to predict “the bitcoin price will likely increase.”

“I personally believe the halving has not been priced in,” Changpeng Zhao, often known simply as CZ, told bitcoin, cryptocurrency and blockchain video news site BlockTV this week, adding he “doesn’t usually give market predictions” because he will be wrong “50% of the time.”

Bitcoin traders and investors have begun gearing up for the looming May bitcoin halving event, among other positive bitcoin developments expected this year, when the coin reward for mining new bitcoin blocks is scheduled to drop from 12.5 bitcoin to 6.25 bitcoin–cutting the supply of new bitcoin coming onto the market by half.

There have already been two bitcoin halvings since bitcoin launched in 2009, one in 2012 and another in 2016. Bitcoin halvings are scheduled to continue roughly once every four years until the maximum supply of 21 million bitcoins has been generated by the network, something that won’t happen until well into the next century.

Whether the upcoming bitcoin halving has been “priced in” by the market has become a controversial issue among investors. Generally, in well-developed markets, equity, commodities and currencies are priced based on future expectations—suggesting that as bitcoin traders and investors are aware of the May halving, the price will have already made the gains related to it.

CZ disagrees, however, telling BlockTV: “The market is not efficient. Most people don’t get information quickly. People need a lot of time to let concepts sink in and adjust.”

Many are hoping the 2020 bitcoin halving will see a repeat of the last cut to supply. Bitcoin prices doubled in 2016 and soared 13-fold the following year.

However, CZ warned that “historic events do not predict future events, so don’t take that too literally,” but explained the bitcoin halving will mean “it costs miners almost double what it does now to produce one bitcoin. Psychologically, those miners won’t be willing to sell below that price.”

“New bitcoin coming to market will be severely limited and at the same time we’re seeing more users and traders coming in.”

“Economic theory tells us that the bitcoin price will likely increase but this is just the theory and hard to predict,” CZ said, adding he’s feeling “pretty positive.”

Meanwhile, the number of people searching Google for the term “bitcoin halving” has been steadily rising along with the bitcoin price.

Analysts at Arcane Research found last month that an increase in searches could be a sign bitcoin’s halving will recapture the wider public interest in bitcoin and crypto that catapulted the bitcoin price to around $20,000 in 2017.

Many other bitcoin and cryptocurrency market watchers share CZ’s enthusiasm, though some think it could be other factors that push up the bitcoin price.

“I still think that bitcoin will hit $100,000 by end of December 2021,” Anthony Pompliano, the cofounder of bitcoin and crypto investment group Morgan Creek Digital, said last month, pointing to bitcoin’s “fixed supply” and “increasing demand” as the reason for bitcoin’s performance.

Elsewhere, others are not so upbeat—with the the chief executive of China-based investment advisory group RockTree Capital last month forecasting we could see the bitcoin price dip.

This Article Originally Appeared In Forbes

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Bitcoin

Bitcoin Is Skyrocketing As Investors Panic About Coronavirus

The cryptocurrency has soared as fears about the coronavirus outbreak send shock waves throughout global stock markets.
The price of one bitcoin (XBT) is now hovering around $9,300. Bitcoin is up nearly 10% this week and has gained 30% since the end of 2019. It’s the best start to the year for bitcoin since 2012.
Worries about the rapid spread of the coronavirus is one factor boosting bitcoin, an asset that often has gone up when investors are nervous. But it isn’t the only factor helping to push bitcoin higher.
“The recent bitcoin rally can be attributed to ongoing economic uncertainties,” said Shaun Djie, CEO of digital token company Digix in comments e-mailed to CNN Business.
Djie cited lingering worries about US-China trade relations, Brexit concerns and political tension between Japan and South Korea as factors that have boosted bitcoin prices. But the coronavirus is clearly the biggest catalyst as of late.
“The rise in bitcoin price correlates to the ongoing outbreak,” Djie said.
In that sense, bitcoin’s latest spike is similar to gold’s stellar run this year. The yellow metal has also surged this month and is now trading at a seven-year high.
“Is this peak bullishness for the stock market? Gold and bitcoin are up as investors don’t seem convinced about last year’s stock rally,” said Marija Veitmane, senior multi-asset strategist with State Street in an interview with CNN Business.
Veitmane added that bitcoin, as well as gold, is benefiting from the fact that interest rates are low (or in some cases, negative) following cuts by the Federal Reserve and many other central banks last year.
That has led to a decline in the US dollar versus other currencies over the past few months.

Weaker dollar is good for bitcoin

Bitcoin, gold and other cryptocurrencies and precious metals have historically done well when investors bet that the value of big government-backed currencies will fall.
“There is a new consensus building about dollar weakness,” Veitmane said. “Bitcoin and gold may continue to do well as safe haven investments.”
Djie agreed. “Gold and bitcoin have become prominent alternatives for retail investors looking to safeguard their wealth.”
Investors considering bitcoin as a long-term investment should probably think of bitcoin much like gold. It could be a small part of a portfolio but not something investors should go overboard with, especially given the volatility of the cryptocurrency.
After all, bitcoin prices are still more than 50%below the all-time high of nearly $20,000 that they hit in December 2017 — even though they’ve nearly tripled from a recent low of about $3,200 in December 2018.

Big Tech and Wall Street embracing crypto

Bitcoin investing has become more mainstream thanks to cryptocurrency initiatives by big tech companies like Square (SQ) and Facebook (FB).
“The backing from Square and Facebook are definitely very significant to the overall crypto industry as it validates distributed technologies and the overall digital assets and cryptocurrency space,” Djie said. “The embrace of crypto by these companies can allow mainstream users to enjoy the versatility and agility of the technology.”
The rise of futures trading for bitcoin on the Chicago Mercantile Exchange (CME) may also help validate bitcoin with larger mutual funds, hedge funds and pensions.
“Among the biggest contributors to the rally, as I see it, is the hope that 2020 could finally see institutional investors move into the digital field en masse, prompted by growing client demand and more attractive ways to get exposure than direct ownership of coins,” said Frank Holmes, CEO and chief investment officer of U.S. Global Investors (GROW), in a recent blog post.
But Holmes conceded that the Securities and Exchange Commission could provide the biggest boost for bitcoin if it ever approves a crypto-backed exchange-traded fund. The SEC has rejected numerous proposals so far.
“It’s no exaggeration to say that a bitcoin ETF is highly anticipated,” Holmes wrote.
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Altcoin

Coinbase CEO reveals his top crypto predictions for the next decade.

Prominent crypto personality and CEO of Coinbase Brian Armstrong has revealed the top trends which he believes will define the next decade of blockchain technology.

Outlining 11 areas of development for blockchain and cryptocurrency during the 2020s, Armstrong predicts that blockchain will reach one billion users by the end of the decade, and also sees a future where governments make a mass move into crypto.

Armstrong predicts that over the course of the decade, new layer-two scaling solutions will be developed that may increase blockchain scalability by “several orders of magnitude”, which would allow decentralised applications (dApps) to be developed more rapidly.

Discussing scalability challenges, Armstrong said:

“Just like broadband replacing 56k modems led to many new applications on the internet (YouTube, Uber, and so on), I believe scalability is a prerequisite for the utility phase of crypto to really get going.”

Armstrong also addressed issues of privacy, predicting that a privacy coin would emerge during the 2020s which would attract mainstream adoption, and he also shared that trading and speculation would give way to real utility for blockchain assets.

CBDCs in the spotlight

Interestingly, Armstrong also included central bank digital currencies, or CBDCs, in his predictions for the next decade.

He argued that while Facebook’s Libra coin had largely been met with derision from the global regulatory community, other digital fiat currencies were gaining traction.

Principal among these new CBDCs is China’s digital yuan, which Armstrong says has left the US playing catch up, exploring new ways to digitise the dollar.

However, Armstrong argues national-level CBDCs may not be the promised digital currencies of the future:

“I think we will then see basket digital currencies come out, either by a consortium like Libra or CENTRE, or possibly the IMF itself.”

Billionaire flippening

Armstrong’s last prediction is based on what he terms the “billionaire flippening”. The Coinbase CEO predicts a scenario where BTC will reach $200,000 and more than half of the world’s billionaires will have their fortunes in crypto.

This theory was made popular by Polychain Capital founder Olaf Carlson-Wee and angel investor Balaji Srinivasan, who are good friends of Armstrong.

Discussing the potential effects of such a scenario, Armstrong shared:

“It would mean that more pro-technology people will have access to large amounts of capital in the 2020s. Presumably, this will increase the amount of investment made in science and technology, and I think we’ll also see more crypto folks turn to philanthropy.”

Despite Coinbase’s role as a trading platform and exchange, Armstrong has long been a proponent of blockchain utility, and has previously indicated a wish to move beyond trading and drive innovation.

The post Coinbase CEO reveals top crypto predictions for the next decade appeared first on Coin Rivet.

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