Bitcoin is the first and most popular digital currency - a cryptocurrency. It powers a peer-to-peer network for the exchange of value through the use of a decentralized protocol. The idea behind Bitcoin is to have a system where there is no middleman or central authority.
Bitcoin refers to both the software protocol as well as to the digital asset, which goes by the ticker symbol BTC. At its most basic level, Bitcoin is useful for transacting value outside the traditional financial system. You can buy and sell BTC for other cryptos alongside more traditional currencies at crypto exchanges like Binance, Kraken and Bitstamp.
Satoshi Nakamoto, a mysterious person (or group of people), launched Bitcoin in 2009. What sets it apart is that it's completely decentralized, meaning no single entity controls it. Instead, a network of computers, known as miners, maintains and validates transactions.
Bitcoin mining creates new bitcoins in the form of block rewards. The process verifies transactions on the blockchain. Miners earn Bitcoin as a reward for completing "blocks" of verified transactions and adding them to the blockchain.
It has a maximum total supply of 21 million, which means that there can only be 21 million in circulation. However, the number of issued Bitcoins will likely never reach 21 million. That is because of the use of rounding operators in the codebase.
You can break a single Bitcoin down into 100 million tiny pieces called "satoshis." You can store them in a digital wallet.
You can send parts of a Bitcoin to pay for things. You can also trade it for other crypto assets. But when you dig into the technicalities, it's like peeling an onion—layer after layer of complexity.
All Bitcoin transactions happen on a blockchain. Think of it as a public digital ledger that everyone can see but no one can tamper with. Miners are the ones who validate and secure these transactions. They validate transactions by solving complex math problems and receive new bitcoins as a reward for their efforts.
Key Points to Remember
The fastest, most convenient way to purchase Bitcoin is to purchase it on ICONOMI. We check Bitcoin live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Bitcoin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Bitcoin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Bitcoin, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Bitcoin in their structure.
Here you can read and comment on all posts made by Strategists about Bitcoin BTC. See all Bitcoin price predictions in real time and make the best use of their crypto knowledge.
1/4
Morning update:
Bitcoin just printed the highest daily close in over a year👀 It also continues to print green dots above the trackline🟢 Since weekends tend to be flat in terms of the price action, this will most likely result in the highest weekly close of the year✅ $BTC
4/4
One of the reasons for the push higher may be the fact that many rumors are circling around. We are hearing chatter about the SEC approving all ETF applications at once. If this is the case, we will most likely see the approval between January 5th and 10th🤔
This would also explain why we are getting so many amendments lately. The SEC is meeting with all the issuers and getting them ready to launch👀
The final countdown has started. Looks like December will be fun😉
Have a great weekend and we will be back with more exciting updates on Monday!🙌 $BTC
What do you think will happen after ETF approval (or in case of no approval)? Will we see a continouation of the rally or do you expect a (rather big) correction?
⚫️ Beta Math Index
⚫️ As of Dec 1, 2023
⚫️ Beta Math Index
The BMI is a smart beta index designed to track the performance of mega cryptocurrencies and which are among the components of the Hugh Math Index.
The index components are selected within a cut-off point approximately 80% ±5% of the Hugh Math Index within the mathematical equation:
(Beta Math Index + Vega Math Index) >=90% of Hugh Math Index Standard
Beta Math Index = Hugh Math Index EX-Vega Math Index
⚫️ Quick Facts
▪️ Number of Constituents (2)
▪️ 65.52% of Total Market Cap (989.7bn)
▪️ 80.76% of Hugh Math Index Standard
▪️ Launch Date: Nov 12, 2022
▪️ Type: Passive - Smart beta index
▪️ Focus: Secret sauce "Statistical base"
▪️ M&J Global Style Box: Large - Blend
▪️ Weighting Method: The square root of market capitalization
▪️ Constituents selection: Quarterly in March, June, September, and December
▪️ Rebalancing: Monthly
▪️ Periodic review: Weekly
▪️ Benchmark: Hugh Math Index
⚫️ Key Highlights
▪️ Not diversified enough, but provides comprehensive statistical coverage of the entire cryptocurrency market with just a few assets.
▪️ The Beta Math Index is designed to be for passive copiers to participate in the cryptocurrency market on an objective basis, where you can use Buy and hold or use Dollar Cost Averaging (DCA) to reduce market risk or Buy the dips - sell the rips!
⚫️ Overall Crypto Strategy Composition(%)
▪️ Coins (100%)
▪️ Tokens (0%)
⚫️ Top 2 Holdings(100% of Total Assets)
$BTC (63.2%)
$ETH (36.8%)
⚫️ Sector Weightings(%)
▪️ Currency(63.2%)
▪️ Blockchain Infrastructure(36.8%)
🔵 To copy this crypto strategy
https://www.iconomi.com/asset/BMINDEX
⚫️ Disclaimer
▪️ The results do not constitute investment advice or recommendation, are provided for informational purposes only, and are not an offer to buy or sell any crypto assets.
▪️ Past performance is not a guarantee of future results.
▪️ Investing involves risks, including the possibility of losing capital.
Beta Math Index
Math-Based Investing
⚫️ Hugh Math Index
⚫️ As of Dec 1, 2023
⚫️ Hugh Math Index
The HMI is a broad-based Index for the cryptocurrency market designed to measure the overall growth of the cryptocurrency market by tracking the performance of a large of crypto assets picked to represent the broader cryptocurrency market.
⚫️ Quick Facts
▪️ Number of Constituents (40)
▪️ 76.82% of Total Market Cap (1160.3bn)
▪️ 94.68% of Hugh Math Index Standard
▪️ Launch Date: Jul 28, 2021
▪️ Type: Passive - Broad-based index "Benchmark"
▪️ Focus: The broader cryptocurrency market
▪️ M&J Global Style Box: Large - Blend
▪️ Weighting Method: The square root of market capitalization
▪️ Constituents selection: Quarterly in March, June, September, and December
▪️ Rebalancing: Monthly
▪️ Periodic review: Weekly
▪️ Benchmark: Total Market Cap
⚫️ Key Highlights
▪️ Diversified and provides comprehensive coverage of the entire cryptocurrency market.
▪️ The Hugh Math Index is designed to be for passive copiers to participate in the cryptocurrency market on an objective basis, where you can use Buy and hold or use Dollar Cost Averaging (DCA) to reduce market risk or Buy the dips - sell the rips!
⚫️ Overall Crypto Strategy Composition(%)
▪️ Coins (80.08%)
▪️ Tokens (19.92%)
⚫️ Top 10 Holdings(64.62% of Total Assets)
$BTC (24.38%)
$ETH (14.2%)
$BNB (5.35%)
$SOL (4.48%)
$ADA (3.35%)
$DOGE (3.00%)
$LINK (2.57%)
$AVAX (2.5%)
$MATIC (2.41%)
$DOT (2.39%)
⚫️ Sector Weightings(%)
▪️ Blockchain Infrastructure(58.49%)
▪️ Currency(24.38%)
▪️ DeFi(8.41%)
▪️ Meme(5.01%)
▪️ GameFi(1.69%)
▪️ Blockchain Service(2.03%)
🔵 To copy this crypto strategy
https://www.iconomi.com/asset/HUGHMATH
⚫️ Disclaimer
▪️ The results do not constitute investment advice or recommendation, are provided for informational purposes only, and are not an offer to buy or sell any crypto assets.
▪️ Past performance is not a guarantee of future results.
▪️ Investing involves risks, including the possibility of losing capital.
Hugh Math Index
Math-Based Investing
I am considering reallocating a decent chunk of funds to your strategy, but would love to know your risk management before so. Have you changed your allocation rules since Luna crash? Whats the highest procentage of funds you invest in a single asset?