A lot of new investors believe that they have missed the opportunity on bitcoin. This is simply not true. Less than 10% of the world currently know about bitcoin. That leaves over 6 billion people in the world who do not know about bitcoin. So in actuality, the investors who are getting in now who think they missed the boat are in fact, early adopters.

Related Reading |Bitcoin Price Breaks $45,000 For the First Time In Over 2 Months, Is $64,000 Possible Again?

That aside, dollar-cost averaging (DCA) has become an increasingly popular way for people to invest in the market. Dollar-cost averaging is simply the art of spreading the investment over a period of time instead of buying everything in one fell swoop. Simply put, say an investor has $1,000 to invest into BTC, instead of buying BTC worth $1,000 at once, they could choose to spread out the buying over a period of time.

Related Reading |Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market

So said investor could decide that they want to buy the BTC in the span of 10 days. Buying $100 worth of BTC every day for 10 days. Or maybe buying $10 worth of BTC over 100 days. The idea behind it remains the same; spreading the investment out so the impact of volatility is reduced on said investment.

Bitcoin is at least a decade old at this point, so a lot has happened in the market. Given its tremendous growth, investors wish they had invested a large sum into the asset when it was still cheap. But what if you had put $10 every day into bitcoin for the last five years? How much would you have now?

Related Reading |Bitcoin AT $46K, Will The Market See $50K Before The Next Bear Market?

Well, if an investor had investor $10 a day for the past five years in BTC, the total amount spent would have come out a little over $18,300. But the amount in BTC would have been over $334,000. Leading to over 1,800% gains from investment. So a $300 a month investment would have come out to over $300,000 in returns after the initial investment is subtracted.

Going even farther back than five years would lead to even more gains. And going back 10 years would have seen investments grow over 100,000% in just the last decade alone.

Bitcoins were literally worth nothing when they first came out; $0. They were being given away for free. One could mine with an old laptop and have hundreds of bitcoins in no time. But as people began to see the usefulness of the technology, the price of the asset began to soar.

Related Reading |Bitcoin Will Break Above $100,000 In Six Months, CEO Omar Chen

This lead to BTC gaining value as time went on. More people began to use the asset. But it still was not well-known until the Silk Road bust. When federal agents busted the website in which BTC was the main currency for trading, everyone wanted to know what this currency was that could not be traced.

The price mostly stayed flat following this until 2017, which is when one of the most notable bull markets took place. The price of BTC went surging from below $4,000 to $19,000 between April and December 2017, setting a new all-time high.

Back then, it seemed as if BTC had peaked and would crash back to zero. But four years later, BTC is still going strong, with $30,000 being viewed as the bottom for the cryptocurrency. This just goes to show how much more bitcoin can and will grow in the coming years.

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By The Numbers: What $10 In Bitcoin Each Day Would Net Investors - NewsBTC

Twitter and Square CEO Jack Dorsey, a noted superfan of Bitcoin, claimed on Monday that the cryptocurrency will eventually unite the world. Yes, really.

On Monday afternoon, an amendment to the Senates infrastructure package that would have expanded the governments involvement in cryptocurrency was blocked. Shortly after that, Dorsey tweeted that #Bitcoin will unite a deeply divided country. (and eventually: world).

Dorsey didnt specify which country, but given that hes been tweeting a lot about the amendment since it failed, it seems likely hes talking about the US. He hasnt yet explained further.

This isnt the first time Dorsey has touted Bitcoin as a vague solution to big problems. At a Bitcoin conference in July, he said that my hope is that [Bitcoin] creates world peace. He elaborated:

Elon said it earlier. We have all these monopolies of violence, and the individual doesnt have power. The amount of cost and distraction that comes from our monetary system today is real, and it takes away attention from the bigger problems, some of the bigger problems that Elon is trying to solve like getting us to multiplanetary humanity. All these distractions that we have to deal with on a daily basis take away from all those bigger goals that affect every single person on this planet, increasingly so. It may sound a little bit ridiculous, but you fix that foundational level and everything above it improves, in such a dramatic way. Its gonna be long term, but my hope is definitely peace.

It remains unclear how Bitcoin, a cryptocurrency valued at more than $46,000 for a single coin and one that is mined at a massive cost to the environment, can help solve some of the worlds foundational problems.

Dorsey has been preaching the gospel of Bitcoin for some time now, displaying a Bitcoin clock while testifying before Congress, opening a new Bitcoin business unit for Square called TBD, and even suggesting in 2018 that Bitcoin will become the worlds single currency within 10 years. It seems likely hell continue to beat the drum of Bitcoin for the foreseeable future maybe soon hell even let people buy ads on Twitter with it.

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Jack Dorsey says Bitcoin will unite the world, but doesnt say how - The Verge

Could bitcoin mining be the salvation of the embattled nuclear energy industry in America?

The owners of several nuclear power plants, including two in Pennsylvania, have formed ventures with cryptocurrency companies to provide the electricity needed to run computer centers that mine bitcoin. Since nuclear energy does not emit greenhouse gases, the projects investors say, the zero-carbon bitcoin would address climate concerns that have tarnished the energy-intensive cryptocurrency industry.

Talen Energy, the owner of the Susquehanna Steam Electric Station near Berwick, Pa., announced this week that it has signed a deal with TeraWulf Inc., an Easton, Md. cryptocurrency mining firm, to build a giant bitcoin factory next to its twin reactors in northern Pennsylvania. The first phase of the venture, dubbed Nautilus Cryptomine, could cost up to $400 million.

Talens project could eventually use up to 300 megawatts or 12 percent of Susquehannas 2,500 MW capacity. Its the second bitcoin-mining venture in the last month that involves owners of Pennsylvania nuclear facilities.

Last month Energy Harbor Corp., the former power-generation subsidiary of First Energy Corp., announced it signed a five-year agreement to provide zero-carbon electricity to a new bitcoin mining center operated by Standard Power in Coshocton, Ohio. Energy Harbor owns two nuclear units in Ohio and the twin-unit Beaver Valley Power Station in Western Pennsylvania.

A nuclear fission start-up, Oklo, also announced last month it signed a 20-year deal with a bitcoin miner to supply it with power, though the company has not yet built a power plant.

In recent years, commercial nuclear operators have struggled to compete in competitive electricity markets against natural gas plants and upstart renewable sources such as wind and solar. Unfavorable market conditions have hastened the retirements of several single-unit reactors, such as Three Mile Island Unit 1 in Pennsylvania. Lawmakers in New Jersey, New York and Illinois have enacted nuclear bailouts, paid by electricity customers, to stave off early retirement for other plants.

The cryptocurrency deals would provide nuclear generators with reliable outlets for their power, and bitcoin miners with predictable sources of power at cheap prices, along with a zero-carbon cachet.

Nuclear energy is uniquely positioned to provide power to crypto mining companies and other major energy users who have committed to a carbon-free future, John Kotek, senior vice president of policy development and government affairs at Nuclear Energy Institute, said in an email.

The nuclear industry views the crypto craze not as a crutch but as a launching pad for expansion. U.S. nuclear power plants are ready and able to supply miners with abundant, reliable carbon-free power while also providing new business pathways for the nuclear developers and utilities, increasing their operating profits, and potentially accelerating the deployment of the next generation of reactors, Kotek said.

Nuclear producers arent the only power generators getting in on the trend. Stronghold Digital Mining, a bitcoin miner that registered last month for a $100 million initial stock offering, plans to build its bitcoin mining operation in northwestern Pennsylvania, powered from Venango County waste coal. While its bitcoin would not be zero-carbon, it would reduce environmentally harmful piles of waste coal.

Energy and cryptocurrency experts say several trends are shifting the market in favor of U.S. nuclear power producers.

In May, Chinese regulators announced new measures to limit bitcoin mining in several regions that failed to meet Beijings energy-use targets. Bitcoin production levels have fallen since then, forcing bitcoin producers to relocate to places with low operating costs and cool climates to reduce the costs of cooling the bitcoin data centers. The state of Washington, which has lots of inexpensive hydroelectric power, has undergone a huge boom in bitcoin mining.

Bitcoin is a peer-to-peer virtual currency, operating without a central authority, and which can be exchanged for traditional currency such as the U.S. dollar. It is the most successful of hundreds of attempts to create virtual money through the use of cryptography, the science of making and breaking codes hence, they are called cryptocurrency.

Bitcoin mining is built around blockchain technology, and it involves generating a string of code that decrypts a collection of previously executed bitcoin transactions. Successful decryption is rewarded with a new bitcoin. The supply of bitcoins is limited to 21 million nearly 90 percent have already been mined. So the remaining bitcoins become increasingly scarce and more difficult to extract.

Data centers operated by bitcoin miners randomly generate code strings, called hashes, to solve the puzzle and earn new coins. Worldwide, miners on the bitcoin network generate more than 100 quintillion hashes per second thats 100,000,000,000,000,000,000 guesses per second, according to Blockchain.com. The first phase of the Nautilus project in Pennsylvania would generate five quintillion hashes per second.

Such guesswork requires muscular computing power, robust Internet connections and lots of electricity. Smaller bitcoin miners have teamed up in consortiums to pool their computing power. Bigger players have built huge data centers devoted exclusively to producing lines of random code.

Mining cryptocurrency is an international, profitable, and energy-intensive business, ScottMadden a management consulting firm, said in a paper it published last year. Bitcoin mining consumes an estimated 0.5 percent of the electricity produced worldwide or about as much as the country of Greece.

Some lawmakers have called for greater regulation of cryptocurrency, citing the enormous amount of resources required to produce it. There are computers all over the world right now spitting out random numbers around the clock, in a competition to try to solve a useless puzzle and win the bitcoin reward, Sen. Elizabeth Warren, D-Mass., said in June, calling for a crackdown on environmentally wasteful cryptocurrencies.

But as a business proposition, bitcoin has appeal. ScottMadden, the consulting firm, suggested last year that nuclear operators in some states were in a unique position to profit from cryptocurrency ventures.

Diverting 1 megawatt of power to an efficient mining operation could conservatively generate top-line revenue of $900,000 a year and profits of $650,000, not accounting for cooling, repairs or technicians, according to ScottMadden. Its analysis predicts that a project could break even in about 15 months.

The consulting firms conceptual project was based upon a bitcoin price of $9,275. The price of a bitcoin last week varied between $38,000 and $42,000.

Such numbers no doubt got the attention of Talen Energy, which plans to divert about 180 MW to the first phase of the Nautilus Cryptomine, which would be producing bitcoin at the Susquehanna plant in Luzerne County.

I think its a great opportunity for our plant, said Dustin Wertheimer, vice president and divisional chief financial officer of Talen Energy. He is based in Allentown, home to Talens previous owner, PPL Corp. Talen is now based in the Woodlands, Texas.

Unlike other crypto projects in which the power generator is an arms-length electricity supplier, the Nautilus Cryptomine is a 50-50 venture between Talen and TeraWulf. The project would be directly connected to the Susquehanna plant behind the meter, in industry parlance and would avoid any transmission costs from the grid.

The direct connection also guarantees that the operation is sourced exclusively with carbon-free energy, Wertheimer said.

Youve seen some of the press and the negative publicity that bitcoin has received recently and the impact of fossil fuel, Wertheimer said. So thats a great thing for us to have a direct connection into a carbon-free power source.

The cryptomine would be located inside a 200,000-square-foot building about four football fields. The mining operation would be built on a data center campus that Talen is developing next to the Susquehanna plant. The data center would generate about 1,000 construction jobs, Wertheimer said. The cryptomine would employ about 50 people to operate.

The first phase of the project would cost about $350 million to $400 million. The Nautilus venture is negotiating with fiber-optic providers to bring in super-charged internet connections required to transmit and receive the huge amounts of code it generates, Wertheimer said.

As you look across the United States, and you look at kind of the challenges that are facing nuclear plants, I think this is a great opportunity to prolong the life of a lot of plants, he said.

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Zero-carbon bitcoin? The owner of a Pennsylvania nuclear plant thinks it could strike gold - The Keene Sentinel

The Nasdaq-listed cryptocurrency exchange Coinbase says that it wants to be the Amazon of assets and list every legal crypto asset out there. The company has outlined two major long-term trends affecting its business.

Coinbase revealed its plan during the Q2 2021 earnings call Tuesday. CEO Brian Armstrong explained: We at Coinbase always think about longer-term cycles of crypto Were always looking at the long-term trends. He described two key trends affecting Coinbase.

The first one is that were continuing to see this trend of people using crypto for more and more things beyond trading, Armstrong detailed. He added that For example, we now have 1.7 million users doing staking in crypto, which is a way to earn a yield on your assets.

The CEO continued, The second big trend were seeing is this idea of Coinbase embracing decentralization, elaborating:

We want to be the Amazon of assets, list every asset out there in crypto thats legal. There are thousands of them today. There are eventually going to be millions of them. This is all under the theme of embracing decentralization.

Armstrong emphasized: We have a very rigorous process weve created on the compliance and the legal and cybersecurity evaluation of these assets to make sure they comply with those standards, but once we get comfortable with that, we want to list various assets that meet those listing criteria.

He further noted: Bitcoin and ethereum still make up about 50% of our trading volume and the other 50% is the long tail of all the other assets that we support. No single one of those long-tail assets accounts for more than 10% of our trading volume so its really starting to become quite a diverse set of assets out there.

The Coinbase executive mentioned that in the second quarter, his platform listed 22 new coins, including dogecoin (DOGE). He opined:

Our overall approach is were agnostic about which assets are going to win, we really just want to support every asset thats legal for our customers.

In Q2, the company raked in $2 billion and formed partnerships with notable people and companies including Elon Musk, Spacex, and PNC Bank. At the end of June, the company said it wanted to launch an Apple-like app store for cryptocurrencies.

What do you think about Coinbases plan to become the Amazon of crypto? Let us know in the comments section below.

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Coinbase Aims to Be the 'Amazon' of Crypto, CEO Says Exchange Wants to List All Legal Crypto Assets Bitcoin News - Bitcoin News

Bitcoin prices climbed to a multi-month high today.

Bitcoin prices rallied today, climbing to their highest in more than two months as the digital currency surpassed $43,000.

The worlds most prominent cryptocurrency reached $43,341.84 this afternoon, CoinDesk figures show.

At this point, the digital asset was trading at its most elevated level since May 19, additional CoinDesk data reveals.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Bitcoin has been trading primarily between $30,000 and $42,000 since late May, but the latest gains dont mean the cryptocurrency has broken through resistance near the upper bound of that range, said Katie Stockton, the founder and managing partner ofFairlead Strategies, LLC.

A confirmed breakout would require consecutive closes above $42,465, which could happen tomorrow as a bullish development, she stated.

Should the innovative digital asset keep rising in value, Stockton noted it will next encounter resistance close to $51,000.

William Noble, the chief technical analyst of research platform Token Metrics, offered similar input.

$43,700 is an important resistance point for bitcoin, he stated.

If bitcoin moves above that level, and successfully retests it, the uptrend can accelerate, added Noble.

$49k could be the next stop and I would not rule out a gap move back to the highs at $64k, he concluded.

Jake Wujastyk, chief market analyst of TrendSpider, also weighed in.

The anchored VWAP from the all-time high has not been respected perfectly and has about a 7.5% margin of error above which would put the resistance level for Bitcoin right around $45k, he stated.

This margin of error can be seen using the anchored VWAP with a 7.5% percentage offset.

The next level to watch above this would be the $50,000 psychological level, said Wujastyk.

John Iadeluca, founder & CEO of multi-strategy fund Banz Capital, also mentioned the $45,000 and $50,000 levels.

After reaching above $43,000, Bitcoin prices will face newly formed resistance at the $45,000 price level with added further pressure to the already existing $50,000 resistance level.

The price of $50,000 stands as a key psychological, as well as technical level that holds immense selling pressure.

While the aforementioned analysts largely focused on the resistance that bitcoin could encounter if it keeps climbing in value, Wujastyk spoke to the key levels the digital currency might encounter if it decreases in value.

The current key downside levels include the volume shelf shown by the anchored volume by price tool measuring the volume distribution of shares from the all-time highs, he said.

This volume shelf shows where a large number of shares are holding, which in this case, ranges from $33k-$36k. If this level breaks down, a test of the previous lows around $28,800 to $30,200 would be the next area to watch.

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

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Bitcoin Prices Just Reached Their Highest Since MayWhat's Next? - Forbes