There’s little reason to believe that Bitcoin (BTC) miners are responsible for downturns in BTC’s price, according to crypto intelligence firm Coin Metrics. Per Karim Helmy, Senior R&D Analyst ad the firm, this is due to the small scale of miner deposits in comparison to total exchange flows, and the lack of correlation between miner-exchange flows and price.”At time of writing, miner deposits make up about 5.5% of exchange inflows. While most miner selling is done [over-the-counter (OTC)], this number is likely upward-biased … meaning the true on-exchange sell pressure provided by miners is probably even lower,” Helmy said in his recent research, stressing that the impact of Bitcoin miners on the broader market is still under-researched. Also, the analyst found that Binance and Huobi are the two most popular crypto exchanges among miners. Flows from Bitcoin miners into spot exchanges, 30-day moving average”These results seem intuitive, since Huobi and Binance are the only two exchanges in the coverage universe that also operate mining pools. Both exchanges also have close relationships with miners, and have strong presences in Asia, where most miners are based,” Helmy said, adding that outflows from exchanges to miners are also dominated by Binance and Huobi. He suggested that, in the future, miner-exchange flows could be used as a proxy for the geographic distribution of mining power. Meanwhile, in recent weeks, miners have been spending more newly generated BTC than they have been holding recently, according to ByteTree’s data. BTC miners sell a part of their BTC to cover costs and stay profitable. Their revenue is earned from block rewards and transaction fees which are paid out in BTC. At the time of writing (11:24 UTC), BTC trades at USD 50,529 and is up by 7% in a day and 2% in a week. It rallied by 56% in a month.__Learn more:- Bitcoin Mining Becomes A Side Venture For Chinese Non-Crypto Firms- Bitcoin Mining in 2021: Growth, Consolidation, Renewables, and Regulation- Ethereum Miners Are Likely to Accept EIP-1559 Activation – Analysts- Bitcoin Miners Buy Oversupplied Energy, Turn To Renewables – Nic Carter

All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/don-t-blame-bitcoin-miners-for-price-dips-says-analyst-9328.htm

#miners #vergecoinprice #bitcoinpricegraph #bitcoinreddit #bitcoinatmlocations #bitcointousdcalculator #

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⛓️ 🔗 Disclaimer 🔗 ⛓️
This post and all others are NOT financial advice & I am NOT a financial advisor. I am only trying to teach the process in a simple language. My opinions are not recommendations, always do your own research – DYOR. Please consult a professional financial advisor if you need financial advice. Investing in crypto & shares poses an extreme risk of of funds! Manage your personal risk based on your own personal situation.
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📱️ Social Media Links 📱
► Twitter: https://twitter.com/chennai2london
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18 Episodes published on Crypto Investing series below

Crypto Trading App Signup Links
_______________________________________________________
Beginners
Coinbase – https://www.coinbase.com/join/thirum_vi
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Intermediate
Crypto. com (Exchange) – https://crypto.com/exch/5mh55zmsvh
Bitrue – https://www.bitrue.com/activity/task/task-landing?inviteCode=LQWGZA&cn=900000
_______________________________________________________
Advanced
Binance – https://www.binance.com/en/register?ref=K3YXUWX0
_______________________________________________________
🇮🇳 Basic Wallets for INDIA & Basic Trading 🇮🇳
Best Option – Wazirx – https://wazirx.com/invite/9c5m4t5z
_______________________________________________________
Basic Wallets to Sell & Withdraw Money into Bank Account Easily – EP03 – https://youtu.be/lB8SoThSkNs
Coinbase – https://www.coinbase.com/join/thirum_vi
India – Wazirx – https://wazirx.com/invite/9c5m4t5z
Giottus India – https://www.giottus.com/?refcode=RRBH2AT913 – Review https://youtu.be/CXduP1JWfeE

#anandchennai2london #chennai2london #cryptotamil #howtomakemoneyonline #howtomakemoney #anandchennaicrypto #anandtamilcrypto

Please make sure to watch EP01 and EP02 before EP03 & EP04 and deciding to invest for the risks involved in Crypto Investing.
NEVER INVEST MONEY YOU NEED FOR YOUR DAY TO DAY EXPENSES. ONLY INVEST A SMALL PORTION OF YOUR SAVINGS.

CRYPTO – ENGLISH VIDEOS LIST
CRYPTO ENGLISH VIDEOS
EP01 – Crypto Investment – How much money can we make ? https://youtu.be/P6CSv49_T3w
EP02 – Crypto Investment | My Portfolio | – https://youtu.be/2xGsD7to7aM
EP03 – Best Wallet & Exchange | Demo to buy sell | 138 $ Free – https://youtu.be/n0qS7DwqtTM
EP04 – Best Exchange for ZAP | Buy Sell Demo | Bitrue – https://youtu.be/8K9any9VNnw
EP05 – Crypto Derivatives Ban across the world? explained – https://youtu.be/HeH-9_Up4Vk
EP06 – Beldex and TRON coin | Live Price tracking and portfolio – https://youtu.be/BErySJIkwAM
EP07 – My favourite wallet explained | Full Demo | 50 $ Bonus – https://youtu.be/2_iLD6ZN8hg
EP08 – Crypto.com EXCHANGE 50% Discount Crypto – https://youtu.be/D_ALdb2mvn0
EP10 – Daily Crypto Interest & Income BITRUE FULL DEMO – https://youtu.be/9NoF8QKJ_nE
EP11 – Crypto Price Updates Nov20 | 800% DNT Price Increase – https://youtu.be/lrlW6cvRkT8
EP12 – Brave Browser & Free BAT Crypto Token – https://youtu.be/EkiQaelo5DI
EP13 – XRP Spark Token Airdrop Explained – https://youtu.be/l7hLT3r1BcQ
EP14 – Giottus Exchange DEMO | Comparison to WazirX – Coming Soon…
EP15 – Day Trading in Crypto | Taking Profits – https://youtu.be/ElOOr2G7vro
EP16 – XRP Price Issues & SEC Case Explained – https://youtu.be/FuZ8elhw_f0
EP17 – Crypto.com VISA Card Update & Supercharger – https://youtu.be/DUtMKwOTDjE
EP18 – My portfolio update | New Cryptos I bought – https://youtu.be/2pVHIntNy78

CRYPTO HINDI VIDEOS
EP00 – What is Bitcoin ? – Explained in Hindi – https://youtu.be/4Hq46N6OKb4
EP01 – How much money can we make in Crypto ? – https://youtu.be/zo2xsqsjfq8

CRYPTO Malayalam VIDEOS
EP00 – What is Bitcoin ? – Explained in Malayalam – https://youtu.be/B13Wn5HuXt0
EP01 – How much money can we make in Crypto ? – https://youtu.be/NySxUI7-pD4

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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR!

Crypto Audio
https://www.coindesk.com/investors-in-polychain-capitals-crypto-hedge-fund-saw-1332-gains-if-they-stomached-the-dips

Articles I find converted to audio via text to speech. I’m dyslexic and an auditory learner, this is one way I get information so I thought I would share. I know the computer voice is not a lot of people’s thing. For the ones like me we can read but it’s like translating, it’s just easier to listen. Regarding the speed YouTube allows listeners to adjust the playback speed feel free to adjust. The speed is already slow for me and that was the reason I did this because I was already having the articles read to me.
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Attention All XRP And Crypto Investors – Stop Buying Dips! Xrapid went live and still XRP is going down.. Why is Ripple XRP still weak today? The crypto market is dangerous so be right now so be very careful and study.. The Alt coins like Tron TRX coin and XRP coin others are extremely weak this year.. The best thing to do right now is to learn how to read the chart today not tomorrow but today okay. Will Tron TRX And The Other Alts Survive this year 2018 – 2019? We will see!

Tron News- https://twitter.com/tronfoundation?

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– More videos about Ripple XRP analysis –

https://www.youtube.com/watch?v=Txtjr…

Disclaimer: I’m not a financial adviser and I’m not
giving out financial advice. This is for entertainment purposes only.

Tags:

Ripple XRP | Tron TRX | Tron coin | Tron burn | Bitcoin| Ethereum ETH | bitcoin crash | bitcoin BTC price | Ripple | Crypto news | Cnbc Bitcoin

Attention All XRP And Crypto – Stop Buying Dips!

Telegram @Cryptosavage1

https://worldcryptocon.com/
Do your own research by checking out this link
https://www.arbitraging.co/platform/register/affiliate/Z05rMGqX

ARBITRAGE TRADING

Buying a coin/token in one exchange at a low price and instantly selling it in another exchange for a higher price to immediately lock in a profit! The ARB Arbitrage software will only buy a coin/token if it fits your desired profit spread – this means Your Trade Is Not Designed To Make A Loss.

Telegram @Cryptosavage1

https://worldcryptocon.com/
Do your own research by checking out this link
https://www.arbitraging.co/platform/register/affiliate/Z05rMGqX

ARBITRAGE TRADING

Buying a coin/token in one exchange at a low price and instantly selling it in another exchange for a higher price to immediately lock in a profit! The ARB Arbitrage software will only buy a coin/token if it fits your desired profit spread – this means Your Trade Is Not Designed To Make A Loss.

Breaking U.S. Market News, Forex and Cryptocurrency Steve Rich FX TVClose