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Chainlink, Ethereum, Cardano and DigiByte Among 27 Altcoins Outperforming Bitcoin (BTC) in 2020

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Currently trading at $9,561, Bitcoin has surged nearly 32% since the start of the year, up from $7,203. Despite Bitcoin’s solid turn in 2020, 27 cryptocurrencies in the top 50 have outperformed the leading cryptocurrency year-to-date.

According to data compiled by Planet Daily and published at 8BTC, Hedera Hashgraph (HBAR) is the biggest gainer this year, up 331.3%.

Year-over-year, Chainlink (LINK) is the biggest gainer, up 329.2%, while Zilliqa (ZIL), which is currently up 23%, tops the list for the largest increase over the past seven days and 30 days, up 42% and 190% respectively.

Here’s an overview of the biggest gainers since January 1st.

Biggest Crypto Gainers in the Top 50 Year-to-Date
  • Hedera Hashgraph (HBR): 331.3%
  • Zilliqa (ZIL): 231.0%
  • Digibyte (DGB): 225.0%
  • Icon (ICX): 188.6%
  • Theta Network (THETA): 187.8%
  • Enjin (ENJ): 158.1%
  • Crypto.com Coin (CRO): 153.1%
  • OmiseGo (OMG): 148.9%
  • Chainlink (LINK): 135.2%
  • Cardano (ADA): 126.2%
  • Lisk (LSK): 115.4%
  • Tezos (XTZ): 107.4%
  • Bitcoin SV (BSV): 99.0%
  • OKB (OKB): 98.1%
  • Zcash (ZEC): 87.6%
  • Dash (DASH): 86.4%
  • Ethereum (ETH): 79.8%
  • 0x (ZRX): 75.2%
  • Bitcoin Gold (BTG): 72.3%
  • Stellar (XLM): 57.1%
  • Ethereum Classic (ETC): 54.0%
  • Huobi Token (HT): 48.0%
  • Monero (XMR): 46.2%
  • Augur (REP): 45.4%
  • Leo Token (LEO): 44.4%
  • FTX Token (FTT): 37.9%
  • IOTA (MIOTA): 37.5%
  • Bitcoin (BTC): 31.6%
Source: 8btc.com

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Source: https://dailyhodl.com/2020/06/01/chainlink-ethereum-cardano-and-digibyte-among-27-altcoins-outperforming-bitcoin-btc-in-2020/

Blockchain

65% Are HODLing BTC While Only 3.9% Are Selling, Survey Says

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A recent poll revealed that the majority of people are currently HODLing, buying, or selling Bitcoin while only a small 12% of participants say they do not have a BTC position at this time.

Interesting Poll Results

Famous analyst and creator of the Bitcoin SF2 price model, PlanB, conducted a poll on Twitter to find out what crypto enthusiasts are currently doing with Bitcoin. He asked, “you are currently,” while providing four options for participants to choose from.

The poll lasted for 24 hours and had 13,813 votes in total. As many as 65.6% of the voters (or 9,061 people) say they are currently HODLing Bitcoin.

Interestingly, the poll further revealed there are more Bitcoin buyers than sellers. 18.3% (2,527) of the participants say they are buying the cryptocurrency, but only a small 3.9% (538) of the voters are currently selling BTC. Sellers also claim they are trading/selling their Bitcoin to buy altcoins so they could get more Bitcoin with the profit.

The last option reveals those who currently don’t own Bitcoin. 12.2% or 1,685 voted that they “not having a BTC position.” This group, however, may consist of people who are “not interested,” “waiting” for a price breakout, or “hoping” for lower prices before jumping in.

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HODLing Confirmed

The poll also reflects an earlier report, which suggested that Bitcoiners are HODLing more BTC than they are selling. The report revealed that although Bitcoin is up by 78% since the March sell-off, spot trading volumes are significantly down by 28%.

Additionally, it was reported that only 27% of the circulating Bitcoin supply has moved since the start of the year, meaning a whopping 73% of all existing Bitcoin has been dormant for quite some time now.

Meanwhile, in another report, PlanB, who foresees Bitcoin’s price at $288,000 by 2024 through his SF2 model, shared the four reasons he purchased Bitcoin in 2015 and 2016 when it was trading for several hundred dollars.

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Source: https://cryptopotato.com/65-are-hodling-btc-while-only-3-9-are-selling-survey-says/

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Kraken CEO: Satoshi Nakamoto Supposedly Foresaw a Bigger Financial Bubble Than 2008

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In a recent interview with Real Vision boss Raoul Pal, Kraken CEO Jesse Powell said some startling things.

According to him, Bitcoin’s anonymous creator Satoshi Nakamoto may have foreseen a bigger financial crisis than 2008’s Great Recession.

Jesse Powell: ‘Satoshi Saw a Bigger Bubble Coming’

The second to last talk of Real Vision’s exclusive ‘The Crypto Gathering Webinar’ saw Bitcoin and crypto exchange Kraken’s CEO Jesse Powell talk about a lot of insightful stuff.

However, things took an interesting turn when the conversation moved to 2008’s recession and 2012’s banking crisis. Powell said that Satoshi might have predicted a greater economic disaster (than the last two) knocking our doors. He remarked:

… I think Satoshi thought it was for that time may be, saw an ever bigger bubble coming and even worse outcome coming given how we handled the last financial crisis. You know bailing everyone out just delayed the inevitable,….. allowed this extremely fragile system to continue hobbling along..”

He continued by saying that Bitcoin was a way for him to step out of this system and ‘de-risk and have something real and finite and predictable.’ Although, the Kraken CEO admitted that BTC has been quite volatile in the short-term. But he feels over a longer-term Bitcoin has ‘proven to be a great store-of-value.’

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Bitcoin is ‘Still the Best Performing Asset of All-Time’

Moving forward during the talk, the Real Vision CEO remarked about Bitcoin’s extraordinary performance as an investable asset. He said that BTC is still the best performing asset of all time. Raoul further commented:

…It’s an extraordinary thing and it just feels that [Bitcoin] is becoming more and more relevant.

I mean there’s a US dollar crisis going on right now, a shortage of US dollars… central banks [are] talking about digital currencies, which is desperate, but it’s creating the on ramps and off ramps to the digital world that you envisaged… It feels like that’s all coming..

Countries Issuing ‘Tokenized Fiat Coins’ Will Lead More People to BTC

Further in the interview, Jesse said that central bank digital currencies will have the same problems as their fiat counterparts. This includes things like unlimited money printing, forgery, etc. But despite them being ‘officially sanctioned Tethers or USDC,’ CBDCs will open up more doors for people to get into Bitcoin and crypto.

Fiat crypto tokens will be like ‘gateway drugs’ that will get people into something real as Bitcoin.

On being asked where he sees the crypto space heading in a period of 5 years, the Kraken chief said that Bitcoin as an asset class would continue to see more adoption. The complex learning curve and ‘technical sophistication’ will fade away. BTC will just become like a regular app, where users don’t much think about the ‘machinations’ and complexities.

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Source: https://cryptopotato.com/bitcoins-creator-foresaw-bigger-financial-bubble-than-2008/

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Partner in an Alleged $722 Million Bitcoin Ponzi Pleads Guilty on Fraud Charges

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One out of four men, alleged in a $722 million Ponzi scheme, has pleaded guilty on his charges before а U.S. District Judge. The Romanian programmer Silviu Catalin Balaci, 35, faces a penalty of prison and a fine for a long-running cryptomining fraud with partners.

Defrauding Investors Of More Than $722M

Balaci was arrested earlier in Germany in December 2019. The charges against him allege that he participated in a well-maintained conspiracy to commit wire fraud and a conspiracy to offer and sell unregistered securities to investors.

According to a recent report, the Romanian programmer was involved in the BitClub Network – a Ponzi scheme, allegedly managed by Balaci and co-defendants Matthew Brent Goettsche, Russ Albert Medlin, Jobadiah Sinclair Weeks, and Joseph Frank Abel – all of them charged previously in December 2019.

According to the publication, the BitClub Network operated from April 2014 through December 2019. It solicited assets from a number of investors in exchange for shares of cryptocurrency mining pools. It also promised investors rewards in case they recruit new ones. As per the report, Balaci assisted Goettsche and Medlin in creating and operating the BitClub Network and had the role of programmer in the operation.

The accusation cites Balaci and his partner Goettsche discussing the scheme, and referring to the target investors and “dumb,” “sheep,” and plotted that they would be “building this whole model on the backs of idiots.”

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“Bumping Up The Numbers”

During the ongoing scheme, the BitClub Network had assured clients they would be investing in three different Bitcoin mining pools. However, Balaci admitted that he didn’t know there were three of them, operated by the BitClub Network.

Furthermore, the investigation revealed that in February 2015, Goettsche asked Balaci to “bump up the daily mining numbers by 60%”, to which the programmer warned that it is “not sustainable, that is ponzi territory [sic] and fast cash-out ponzi.”

In any case, Balaci has confirmed that while operating, the BitClub Network took at least $722 million worth of Bitcoin from investors.

As CryptoPotato reported, the case against BitClub Network has been on for a while now. After pleading guilty to charges, Balaci faces a maximum penalty of five years in prison and a fine of $250 000.

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Source: https://cryptopotato.com/partner-in-an-alleged-722-million-bitcoin-ponzi-pleads-guilty-on-fraud-charges/

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