ATH for Bitcoin 2 days in a row | NakedTrader

ATH for Bitcoin 2 days in a row

Yesterday Bitcoin printed a new all time high and dropped more than 10% right after? Today another test of the all time high, will it break through?
Let’s find it out in today’s technical analysis.

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Full analysis the week-update March 3th:
https://www.youtube.com/watch?v=Z6h2h4hLIM0&t=132s

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Bitcoin is a decentralized digital currency that was invented in 2008 by an unknown person or group of people using the pseudonym "Satoshi Nakamoto." The concept of Bitcoin was outlined in a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," which was published by Nakamoto in October 2008.

The origins of Bitcoin can be traced back to the aftermath of the 2008 financial crisis, during which trust in traditional financial institutions was eroded, and there was a growing desire for an alternative form of money that was not controlled by any central authority. Bitcoin was designed to address these concerns by offering a peer-to-peer payment system that operated on a decentralized network, known as the blockchain.

The blockchain is a distributed ledger technology that records all transactions made with Bitcoin in a secure and transparent manner. It consists of a series of blocks, each containing a list of transactions, which are linked together in chronological order. This decentralized and transparent nature of the blockchain ensures the integrity and security of the Bitcoin network.

Bitcoin operates on a decentralized network of computers, known as nodes, that collectively maintain the blockchain and validate transactions through a process called mining. Mining involves solving complex mathematical puzzles to verify transactions and add them to the blockchain. Miners are rewarded with newly created bitcoins for their efforts, which also serves as an incentive to secure the network.

One of the key features of Bitcoin is its limited supply. There will only ever be 21 million bitcoins in existence, making it a deflationary asset. This scarcity is built into the Bitcoin protocol and is designed to mimic the scarcity of precious metals like gold.

Since its inception, Bitcoin has gained significant adoption and recognition as a digital store of value and medium of exchange. It has also inspired the creation of thousands of other cryptocurrencies, collectively known as altcoins, and has sparked a revolution in the financial industry, leading to the development of blockchain technology and decentralized finance (DeFi) applications.

While Bitcoin has experienced periods of extreme volatility and regulatory scrutiny, it remains the most widely recognized and valuable cryptocurrency in the world, with a large and active community of users, developers, and investors.

Chapters

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00:00 ⏩ Intro
00:22 ⏩ ATH for Bitcoin 2 days in a row
06:18 ⏩ Thanks and Goodbye + Outro

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*Disclaimer*
Please be advised that the content of my videos are intended FOR EDUCATIONAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.