Other Bets Props and Futures Some other fun bets that can be made on basketball include prop bets and futures. How To Bet News. Handicapping Your Basketball Bets When oddsmakers set the lines, they take many factors into consideration. If you have even one loss, you lose the entire bet. On the other hand the Magic must either win outright or lose by 3 or fewer points for a Magic spread bet to payout.
In August, BlackRock, the largest asset manager in the world, launched a spot Bitcoin private trust to give its customers exposure to the current price of Bitcoin. Bitcoin didn't budge on that news, a sign of just how much the economy is weighing on every type of asset. This past week brought two more big shows of faith. Google announced it will start accepting crypto as payment for its cloud services early next year by plugging into Coinbase.
As part of the deal, Coinbase Commerce will move its "data-related applications" from Amazon Web Services over to Google. So not only is this Google Cloud welcoming crypto, but also a form of tie-up between Google and Coinbase. The bank will hold clients' private keys and provide accounting on their crypto portfolios. That doesn't mean it's untrue. I first wrote about Bitcoin in I've witnessed the freezing crypto cycles of , , and now.
Some of the best-known crypto companies and platforms were built during those "winters. As of , Ether is the second-largest cryptocurrency by market capitalization after Bitcoin. It is the currency of the Ethereum blockchain and is often referred to as the "fuel" of the decentralized applications "dapps" that are running on the network.
Ethereum is the most popular blockchain for running smart contracts and dapps. In fact, as of August , out of the top tokens as measured by market capitalization are located on the Ethereum blockchain. They include stablecoins, DeFi projects and tokens of decentralized exchanges. In contrast to Bitcoin, which has a maximum total supply of 21 million BTC, there is an unlimited supply of ETH with an annual limit of 18 million.
New blocks are mined in the Bitcoin network approximately every 10 minutes, whereas on the Ethereum platform a new block is created about every 15 seconds.
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According to Wikipedia , "In the middle of there were increasing concerns, or expectations, that Ethereum would eventually take over the role as the most important cryptocurrency in the market. This possible event was dubbed The Flippening. Bitcoin will likely accelerate as attention shifts from Bitcoin to Ethereum as the "king of cryptos".
We believe this potential catalyst is underappreciated by the causal follower of cryptocurrencies, and thus continue to favor ETH over BTC. Source: Bitscreener. Of course, considering he helped create Ethereum, Nerayoff is bound to be a bit biased. If any cryptocurrency is going to surpass Bitcoin, Ethereum is clearly the most likely. But why do people think is the magical year Bitcoin would drop to number two?
Is the gap between their market caps progressively shrinking? Source Flippening Watch As you can see from the above chart, Ethereum's valuation is rapidly converging to Bitcoin's. We won't repeat ourselves here, but for a more detailed review of Ethereum's out-performance in during the rally, and continued out-performance during the sell-off, please read our previous article.
We believe that there are many fundamental reasons for Ethereum's performance relative to Bitcoin. From mortgages to healthcare to entertainment, there are endless ways to use ETH. Founder Vitalik Buterin recently announced they are looking to increase their network size and will be investing in initiatives to do so, which has generated considerable excitement.
This reminds us that unlike Bitcoin, whose founder remains in hiding, Ethereum has the advantage of having a high profile, and highly engaged founder. Both Bitcoin and Ethereum face scalability issues. Source Ethereum Energy Consumption Index beta - Digiconomist Ethereum has its problems, but the fact that its creator both know the problems and are open about them is a good sign.
It shows they are taking proper steps to make ETH better vs. Given stronger leadership at Ethereum, we believe that the Ethereum team is more likely to solve its scalability issues than the Bitcoin. ETH seems to have a bright future. The best indicators of Ethereum overtaking Bitcoin are their price increases over the last year. You can see that it actually projects a price target around the level, which is right near the high of January So, if BTC can print a solid breakout here, and get above , I think there is a very good chance that it will take out the level, and rally all the way up to the projected target of Several Resistances Ahead for Bitcoin Magic, however, stressed the importance of understanding the intense resistance levels Bitcoin is facing.
One such resistance is the black trend line seen in the above screenshot of his analysis. The trendline which has its genesis in December of , could provide the biggest hurdle for BTC. That resistance has been generated by a convergence of a two-and-a-half-year-old falling trendline in black and the