How Does Crypto Mining REALLY Work? Blockchain and Bitcoin
Content: How Does Bitcoin Mining Really Work - I attempt to explain in terms hopefully everyone can understand:
Intro - 00:00
Bitcoin Mining Explained - 00:49
Mining Difficulty Dropped Dramatically News - 18:01
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11/4/2020 3-5 Day Trading Fundamental Analysis:
1)Trend Indicator - Network Value to Transactions Ratio (NVT = P/E Ratio), (Less Than 90 Bullish & Greater Than 150 Look for Bearish Signals) (MACD & RSI ish) = 158 Bullish. Between 150-185 Start to look for Bearish Signals
2)Trend Indicator - Unique Daily Addresses - (Rising=Bullish, Falling=Bearish, Steady=Neutral) = Neutral
3)Estimate Indicator - Mayer Multiple -(100 MA = Less Than 0.90 Bullish & Greater Than 1.50 Bearish, Settings - 100, 100 ,1.75 Threshold), (200 MA = Less Than 1.00 Bullish & Greater Than 2.40 Bearish Settings - Default) = 1.23 – Over MA & Sideways = Bullish-Neutral
4)Trend Indicator - Daily Est. Transaction Value - (Rising=Bullish, Falling=Bearish, Steady=Neutral) = Bullish
5)Trend Indicator - Mining Cost - (Rising=Bullish, Falling=Bearish, Steady=Neutral) = Bearish
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Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL 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.
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