CRYPTOCURRENCIES THAT ARE MOSTLY CONTROLLED BY BITCOIN'S PRICE🔽
1. Litecoin (LTC): Litecoin is often referred to as the silver to Bitcoin's gold. It was created by Charlie Lee in 2011 and uses a similar coding basis as Bitcoin. Thus, any price fluctuations in Bitcoin can directly affect the price of Litecoin.
2. Ethereum (ETH): Although Ethereum has its own unique blockchain technology, the price still tends to follow the Bitcoin trends.
3. Bitcoin Cash (BCH): As a hard fork of Bitcoin, Bitcoin Cash is very much influenced by the price movements of Bitcoin.
4. Bitcoin SV (BSV): Bitcoin SV is a result of the Bitcoin Cash hard fork. The price of BSV is directly linked to that of Bitcoin and often experiences similar price fluctuations.
5. Ripple (XRP): Despite being a separate entity, Ripple's price can often be impacted by Bitcoin's market trends.
6. Cardano (ADA): This digital currency was designed to resolve issues faced by Bitcoin and Ethereum, but it is not completely immune from Bitcoin's price movements.
7. Polkadot (DOT): Even though Polkadot is a multi-chain platform, its token's price tends to follow Bitcoin's market trends.
8. Chainlink (LINK): Chainlink aims to bridge the gap between real-world applications and blockchain, but its price is influenced by Bitcoin's price.
Remember, while these cryptocurrencies may be influenced by Bitcoin's price, they each have unique features and uses which can also affect their value. The entire crypto market tends to move in trends, which is why many other coins can go up or down in price along with Bitcoin.
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Meet the bitcoin investors who got insanely rich off crypto
"I received my first Bitcoin as a gift back in December 2012," recalled John Ratcliff, a video game developer residing near Pikes Peak in Colorado. At the time, this novel digital currency was worth a mere $13. "I didn't think much of it initially, but in 2013, I checked its value, and it had risen to $72. So, I decided to take my wife out for a nice dinner."
Little did he know that this seemingly modest dinner would cost him thousands, considering the current value of Bitcoin. Last week, Bitcoin made headlines by surpassing $40,000 in value, turning early investors into millionaires. For Ratcliff, who invested $15,000 in 150 Bitcoin at $100 each in 2013, this journey has been particularly rewarding. He's now overseeing the construction of his dream house, which comes with a view of the mountains and costs $1.4 million. He's also eagerly waiting for his $250,000 Tesla Roadster to enter production, having put down a deposit with the proceed V from selling six of his Bitcoins.
Ratcliff has been generous with his crypto-fortune, having bought a house for his nephew, paid off his children's student loans, and allocated funds for charitable causes. It's important to note that Bitcoin is famously volatile and decentralized, meaning it lacks the backing of a traditional bank or institution to safeguard investments. Instead, it operates on a peer-to-peer network known as the blockchain, which initially gained notoriety for being used by individuals on the dark web seeking untraceable transactions. However, as Bitcoin's value has surged, even major financial players like Square and PayPal are exploring ways to participate in this growing digital currency market.
Bitcoin Price Hold Strong At $30K: Indicators Point More Upsides To $31.2K Bitcoin's price is on the move. It's breaking through resistance levels, now above $30,000 and the 100-hourly moving average.
There's a key bullish trend line forming near $30,000, indicating a potential rally towards $31,200.
Recently, Bitcoin cleared hurdles at $28,500 and $28,800. It reached a multi-week high around $30,600 and is currently consolidating gains.
On the upside, immediate resistance is around $30,400, and the next key resistance is at $30,600. If it surpasses these levels, we might see a push toward $31,200 and beyond
However, if it can't break above $30,600, there could be a downside correction. The initial support is near $30, 150, followed by the $30,000 level and the trend line.
Technical indicators like MACD and RSI show bullish momentum. Keep an eye on the charts as Bitcoin's journey continues #bitcoin #crypto2023 #BTC
Periodic BTC halving every 4 years and the block reward will continue to decrease until the final halving in 2132.
Maybe our children and grandchildren will be lucky enough to see the final halving of BTC in 2132.
Because of their ancestors, it is impossible for us to see the final halving of BTC which is said to make holders of 1 BTC become one of the richest people in the world in the future.
Educational Qualification of Top 10 Richest People in the World
International Desk: Have you ever thought about the education of the world's top billionaires including Elon Musk, Bill Gates, Mukesh Ambani and Gautam Adani? If you look at the Forbes list of the world's richest people, you will be surprised to find that most of them are billionaire college dropouts. You will be surprised to know that many of these billionaires have never attended college. In today's report we will know about the education of top 10 billionaires in the world. Elon Musk: Elon Musk holds a Bachelor of Science in Economics and a Bachelor of Science in Physics from the University of Pennsylvania. Elon Musk decided to pursue a PhD in Materials Science from Stanford University, but after seeing his fan following on the Internet, dropped out within two days and today Elon Musk is the richest man in the world.