Bitcoin and Cryptocurrencies: Where We Have Been and Where We Are Going — VAULT Cryptocurrency Blockchain News #37
Who do you turn to for information about Bitcoin? Many people made projections about the price Bitcoin might achieve by the end of 2021.
I thought I would review a few of these “expert” predictions for you. The key is nobody knows where the price of Bitcoin is going for sure, and many people making predictions are putting their money in the opposite direction they are pushing the masses toward.
Max Keiser is perhaps one of the biggest Bitcoin promoters on the internet. He famously stated Bitcoin would hit $220,000 by the end of the year 2021. Reality hit Mr. Keiser pretty hard as the close of 2021 came, and he was forced to say he meant the end of the year 2022, not 2021.
Perhaps the most famous predictor of Bitcoin price is the famous “Stock-to-Flow model” popularized by Plan B. This model has predicted Bitcoin prices fairly accurately up until this year. When Plan B was asked what would invalidate his model, he replied the following:
Bitcoin’s price closed the year at $46,320. This is less than half of what was predicted by the Stock-to-Flow model.
There were many other famous and well-educated “experts” that were also saying it was inevitable that Bitcoin would close to over $100,000 by the end of the year. MIT-educated Jason Lowery and financial legends Tyler Winklevoss and Michael Saylor all joined Plan B in this hype to $100,000 by the end of the year 2021.
It wasn’t just experts on twitter. A quick search of YouTube experts shows many failed predictions on there as well.
Be careful! Don’t invest in a cryptocurrency based on the predictions of somebody on the internet. These people don’t necessarily care about you and often have ulterior motives for posting the content they provide.
VAULT Crypto News This Week
Simple Software Solutions (SSS) Delisting Notice
Due to the unfortunate and sudden negative turn of events at Simple Software Solutions (SSS), we plan to delist them on Friday January 14th, 2022.
We recommend that all SSS holders withdraw those coins from their VAULT platform accounts as soon as possible. We will take note of any remaining holdings and if SSS blockchain is working, they can possibly be retrieved in the future by submitting a support ticket.
VAULT Investments provides a service to clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR.
VAULT Coin, Platform and Features
If you decide to buy VAULT CRYO-Investment Packs from VAULT.Investments platform or VAULT coins from the exchanges and deposit them to your VAULT platform account to start earning and compounding passive income rewards with up to 100% reinvest, we give you LIFETIME FREE HOSTING for all VAULT coins! You can also use your VAULT coin rewards to pay for hosting other coins, and choosing Pay in VAULT coin on each share card gives you a 50% discount! Thanks to our amazing devs and flexible shared hosting system, we have no minimum or maximum deposit for any coin!
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Earn 5–25% on Bitcoin
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VAULT Coin’s Market Performance This Week
We finished out the week at $4.55, which is up from last week’s price of $4.43. We had a high of $4.69 on Thursday, and our low for the week was $4.30 on Monday.
We saw an average of $2,388.73 traded daily. This is up from last week’s average daily volume of $1,965.85. This maintains us above the $2,000 daily level.
The Minimum Guaranteed Price buy wall of 147.2 VAULT at 10,500 Satoshi was maintained on SouthXchange.
VAULT’s current price average across all exchanges is 10,500 Satoshi (0.00010500 BTC).
Bitcoin (BTC) Update
Bitcoin is down so far this year and hasn’t yet reached the magical $100,000 level so many predicted, however the truth is it still outperformed almost all traditional financial instruments in 2021.
Cryptocurrencies proved to be the highest gaining asset class of 2021. Many cryptos outperformed Bitcoin in 2021.
Bitcoin has been around the longest and has the most liquidity. Will the high gains we saw in SHIBA and Dogecoin be sustainable? Has your bank ever offered an investment vehicle with 71% APR? You can quickly see why so much money is moving into crypto.
Investing in Bitcoin and other cryptocurrencies comes with some drawbacks. Volatility can be a huge factor when you choose to invest. If you can’t handle 20–85% corrections, then this may not be the investment vehicle you want to choose. The tweet below lists the corrections that Bitcoin underwent in 2021 and some of the triggering reasons for the drops.
Bitcoin and other cryptocurrencies have created a whole new generation of millionaires and even billionaires. Everybody wants to be the next guy to see their crypto go up 10,000X in price. The truth is many never see that happen. Some get lucky, but the majority of successful people in crypto spend a lot of time researching projects and analyzing the pumpamentals of the cryptocurrencies they choose to invest in carefully. Be careful who you follow and don’t get trapped in the FOMO of a coin or project only to have the rug pulled out from under you. Cryptocurrency is like the Wild West. You’ll need a quick hand and a sharp eye to survive out here partner.
Cryptocurrency News This Week
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using holds 1,000 VAULT, with 0.1 BTC invested in the BTC% program (check it out here).
I wanted to show you what kind of returns you could be earning weekly and cumulatively.
1,000 VAULT initial investment with current value of 1,183.36 VAULT at ~23% ROI generated 5.18 VAULT blockchain rewards this week, for a total of 1,188.54 VAULT over the past 38 weeks if you compounded your daily rewards with 100% reinvest on the VAULT platform. The total dollar value earned is $857.86 at VAULT’s current price of $4.55 (0.00010500 BTC). The total Bitcoin value earned at VAULT’s current price is 0.0198 BTC.
Placing 0.1 BTC in the BTC% program earns 11% APR, providing a weekly return of 0.00021089 BTC. Over the last 38 weeks, this would be worth 0.008 BTC with a current value of $347.82.
The current total value of your potential returns over the past 38 weeks would be $1,205.68 or 0.0278 BTC.
We Are Here to Help You DYOR (Do Your Own Research)
I hope this update on where Bitcoin and other cryptocurrencies have been and where they might be going has been helpful.
Consider investing the VAULT way and enjoy a seamless crypto experience!
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This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. The views and opinions in this update are my views alone and are not necessarily those of VAULT investments or its administration. Users should always DYOR. Invest at your own risk.
About the Author:
My Discord handle is Bobtilladhun.
I’m a long-term crypto investor. I bought my first Bitcoin in 2016 for $700. I sold 1/2 my BTC when the price doubled to satisfy my wife that I wasn’t going to lose all our money and made my initial investment back. Since that time, I have used my remaining Bitcoin stack to HODL and invest in interesting projects. I am a founding investor in VAULT and have accumulated a significant number of VAULT coins through holding my coins in CRYO and taking advantage of the compounding interest VAULT provides.
I was asked by Ian and the VAULT team to provide a weekly update on VAULT’s performance and current issues in cryptocurrency.
I hope these updates provide you with a quick overview of what is happening with VAULT and in the world of cryptocurrency.
Please contact me on Discord if you have any comments or suggestions.