Bitcoin Sep 07, 2020

A hope for the new record of Bitcoin

Since Bitcoin broke out of the doldrums a few months ago, the coin has once again been able to push itself to higher levels, which were last seen in the second half of 2017.

New reason for ATH Bitcoin

However, the Grand rally, which could have more than doubled the value of Bitcoin at that time, never happened, but at least put the asset above the $ 10,000 mark. Now, most recently, there is a small spread between $ 11,000 and $ 12,000, and its upper limit is becoming difficult to break.

The cue ball has broken the $ 12K mark again after coming close to that figure over the past few days, but this raises the question of whether the coin is ready for growth, as it was in 2017.

The reason why Bitcoin managed to reach such an impressive figure as $ 20,000 on December 17, 2017, is due to its first wave of mass adoption. This was a very unstable implementation, as investors only speculated on the potential benefits, and did not understand the basics of this new asset.

Moreover, this type of investment had a snowball effect as the price rose, so more people flooded into the market, causing a speculative investment wave that became parabolic and reached the size of a bubble.

A lot has changed in the crypto space since then, which is probably why the coin is taking a slower path to get back to $ 20,000, but in the long run, it may be for the best.

BTC has matured to the point where his name has become almost a household name even on wall street. Investors like Paul Tudor Jones are seen as an example of a reliable investment, and they speak volumes. And, they gave rise to the revolution of the block chain and a new financial sector, such as DeFi.

This time around, the cryptocurrency space is much more grounded, but its rise to parabolic price movements could come as a result of institutional investors finally pulling the trigger, which would be a much more sustained and powerful move to a new record high.

External factor

There are also a number of reasons to think why Bitcoin might attract new investors: this is the current financial climate. This was noticed by Bitcoin bull Max Keyser.

He tweeted:

``Buffett's move to Japan, along with his gold dollar investments, confirms that he is completely out of US dollars. The us dollar is trending lower today, and is about to break through the key support. Bitcoin, gold and silver will soon create new ATH ``

SPACEBOT

Author of the article

How to register a new users on SPACEBOT?

Registration on SPACEBOT is available only via the referral link which you can get after bonding 100 coins to the pool.

In order to get the link through the Telegram bot:
1. Send 100 coins to the wallet given by the bot: Wallet – Deposit
2. Bond 100 coins to the pool: Wallet – Deposit for paramining
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your referral link and invite new users

In order to get the link through iOS/Android:
1. Send 100 coins to the wallet given by the App: Home screen – Refill
2. Bond 100 coins to the pool: Home scren – Bond
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your link and invite new users

How to install the iOS App?

To install the App

1. Follow the link:

https://apps.apple.com/ru/app/spacebot/id1498907599

2. Сlick ‘Install’ and follow the standard steps to install the App on your device

3. If you are a new user – press ‘Register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)

4. If you already have your SPACEBOT Telegram account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’ section.

How to install Android App?

To install the App:
1. Follow the link:

https://play.google.com/store/apps/details?id=space.bot.mobile

2. Press ‘install’ and follow the standard steps to install the App on your device.

3. If you are a new user – press ‘register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)

4. If you already have your Telegram SPACEBOT account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’

How to top up your balance?

Top up your balance with Telegram bot:
1. Go to ‘Wallet’ section
2. Press ‘Deposit’
3. Copy the wallets sent to you (be careful not to copy extra symbols)
4. Transfer coins to the copied wallet adress

Top up your balance with iOS/Android App:
1. Press ‘Top up’ on the mail screen
2. Copy the wallets sent to you (be careful not to copy extra symbols)
3. Transfer coins to the copied wallet adress

* Track transaction on the blockchain:
PRIZM – https://prizmexplorer.com
BIP/BTT – https://explorer.minter.network

**Please note that depositing of coins requires certain number of confirmations in the network and it takes time to process a transaction with our algorightm

***Also note that many exchanges and wallets services carry out transfers with delay (on some exchanges it can take up to 72 hours), and you shouldn`t worry since this is a stadard procedure.

How to bond coins to the SPACEBOT pool?

For bonding coins to the pool with Telegram bot:

1. Top up your balance (you will find how to do that in ‘How to top up your balance’ section).
2. Skip to ‘Wallet’ section
3. Press ‘Deposit for paramining’
4. Enter the amount*, note that this amount should be available in your main account
*For the first bonding: no less than 100 coins
For the second and subsequent bondings: at least 1 coin.
5. Confirm the amount, and the bot will send you a notification about the successful bonding (or ‘error’ will appear in case you have insufficient funds or the amount was entered incorrectly).

For bonding coins to the pool with iOS/Android App:
1. Chose the cryptocurrency on mail screen by scrolling to the left (PRIZM/BIP/BTT)
2. Once you`ve chosen the coin press ‘Bond’ on home screen
3. Enter the amount*, note that this amount should be available in your mail account
*For the first bonding: not less than 100 coins
For the second and subsequent bondings: at least 1 coin.
4. Confirm the amount, and the bot will send you a notification about the successful bonding, and your balance in the ‘Bonded’ field will change (or ‘error’ will appear in case you have insufficient funds or the amount was entered incorrectly).

**Attention! The first bonding of coins will take 24 hours, and only then the mined coins will be assessed.
The second and subsequent bondings will take 48 hours. It means that after the second bonding to the pool the mined coins will be assessed in 48 hours.