r/AlgorandOfficial Weekly Recap: Oct 30 - Nov 06 2023

Welcome to the weekly AlgorandOfficial subreddit recap megathread. Here you can find a recap of last week's posts, with a minimum score of 5 and grouped by flair and sorted by score. S = Score, R = Ratio, C = Comments. Enjoy!

AMA - Ask Me Anything - [AMA] Perpetual3: Web3 e-commerce starts on Algorand! | S: 29, R: 0.94, C: 62

DeFi - Cometa Issues | S: 9, R: 0.85, C: 4

Developer/Tech - Did you know that Algorand allows for P2P consensus delegation without giving up custody or compromising sensitive information? | S: 24, R: 1.0, C: 1 - TEALscript for Beginners Course - Learn to Code on Algorand Using a Typescript-like Language | S: 18, R: 0.95, C: 0

Event/Livestream - This Thursday, explore the Folks Finance 𝗫 Chainlink collaboration! | S: 15, R: 0.87, C: 1 - Live in less than 90 minutes. Explore the Folks Finance 𝗫 Chainlink collaboration! | S: 11, R: 0.87, C: 0

Exchange/Wallet - We're amplifying our open-source contribution with Pera Web Wallet! 🤝 | S: 11, R: 0.87, C: 0 - Pera Web Wallet to Mobile, 📹 Video Tutorial for Account Transfers | S: 9, R: 0.91, C: 0 - Bridge | S: 6, R: 0.76, C: 3

Governance - Algorand Marketing > Metrics > Google Trends | S: 25, R: 0.91, C: 1 - [AMA] xGov Voting Session 2: Reddit AMA | S: 22, R: 0.93, C: 1 - xGov Update - Voting Session 2 Timeline | S: 19, R: 0.89, C: 7 - Summary Table of xGov Proposals for xGov Period 2 | S: 14, R: 0.86, C: 3

Megathread - r/AlgorandOfficial Weekly Recap: Oct 23 - Oct 30 2023 | S: 12, R: 0.87, C: 0

NFT/Gaming - Fracctal Labs Inc. Secures Investment from Algorand Ventures! | S: 10, R: 0.86, C: 0 - Last Week in Web3 Gaming (Nov 1, 2023) | S: 8, R: 0.9, C: 0

News/Media - Algorand Inc. has updated their website | S: 59, R: 0.94, C: 33 - Staci Warden introduces alternative asset managers to the real-world use cases being built on Algorand at the Alternative Investment Summit in Dubai | S: 54, R: 0.92, C: 1 - Welcome Landtoken to Algorand! With Landtoken you can invest in productive land | S: 45, R: 0.96, C: 9 - Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin & Ethereum | Lex Fridman Podcast #168 | S: 41, R: 0.9, C: 2 - Folks Finance - Benedetto: Reflecting on Folks' growth. Fundraising again. Teasing xLending protocol, a new standard for DeFi, where the different chains will be abstracted from the user | S: 34, R: 0.91, C: 3 - AIM Summit Dubai - Staci Warden interview | S: 29, R: 0.97, C: 5 - Pera Web Wallet will shift to read-only on January 15th, 2024. | S: 18, R: 0.83, C: 7 - Get push notifications regarding algorand governance via notiboy mobile app | S: 13, R: 0.93, C: 1

Question - Lofty AI: What do you think about international listings? | S: 27, R: 0.88, C: 6 - Question about pera mobile and ledger nano s | S: 17, R: 0.9, C: 16 - Marketing and xGov | S: 16, R: 0.82, C: 7 - Napster - hot or not? | S: 15, R: 0.89, C: 2 - How do I pass a recommendation to ALGO.Inc | S: 14, R: 0.68, C: 15 - PureStake Shutting Down API | S: 14, R: 0.86, C: 2 - Adding more Algo to the Governance | S: 10, R: 0.82, C: 8

Posts Without Flairs

This is on all headlines, he's really doing it.

​

https://preview.redd.it/jqz32mgcllyb1.png?width=1300&format=png&auto=webp&s=a35663cad9960d2a311c93281eff5b27d40ba7ab

Bitcoin $BTC Halving: What is it? Price Predictions?

Bitcoin halving is a process that occurs every 210,000 blocks mined (approximately every four years) and reduces the block reward for miners by half. This means that the number of new Bitcoin entering circulation is halved, which can have a significant impact on price.

JOIN ZTRADEZ STOCK MARKET DISCORD

Why does Bitcoin halving occur?

Bitcoin halving is a key part of the Bitcoin protocol and is designed to control the supply of new Bitcoin entering circulation. This helps to keep Bitcoin scarce and valuable, and also helps to prevent inflation.

How does Bitcoin halving impact price?

Historically, Bitcoin price has risen significantly after each halving event. This is because the reduced supply of new Bitcoin can lead to increased demand from investors and traders. However, it is important to note that there are many other factors that can affect Bitcoin price, and it is impossible to predict with certainty how the next halving will impact the market. Remember, there is a max supply of 21,000,000 $BTC, and no more can be created after that. It's simply supply & demand.

Implications of the Bitcoin halving event

The Bitcoin halving event will have a number of implications for miners, investors, and the overall Bitcoin network.

• Miners will need to adjust to the reduced block reward and increased competition.
• Investors may see the halving as an opportunity to buy Bitcoin at a lower price, in anticipation of a future price increase.
• The overall Bitcoin network may become more decentralized as less efficient miners are forced out of the market.

JOIN ZTRADEZ STOCK MARKET DISCORD

When is the next Bitcoin halving event?

The next Bitcoin halving event is expected to occur April 17th 2024. You can track the halving count down here https://buybitcoinworldwide.com/halving/

Personal predictions

Please note that my personal predictions about Bitcoin price are not financial advice. Investors should always do their own research before making any investment decisions.

I predict that Bitcoin will reach a minimum of $80,000 and a maximum of $130,000 by Q2 2025 if certain events occur, namely:

1. Rate cuts: A lower dollar typically leads to a higher Bitcoin price.
2. International turmoil calms down: Political and economic stability can boost investor confidence and lead to increased investment in Bitcoin.
3. Bitcoin spot ETF is approved: A Bitcoin spot ETF would allow investors to buy and sell shares of Bitcoin without having to buy the cryptocurrency directly. This could make Bitcoin more accessible to a wider range of investors and lead to increased demand.
   

I do not like to have very high price predictions. Many "analysts" of the post 2016 halving run and post 2020 halving run would make outlandish claims of 1M by the end of the year. This is why I stay conservative.

It is important to note that the author's personal predictions about Bitcoin price are not financial advice. Investors should always do their own research before making any investment decisions.

ZTRADEZ - Stock Options trading discord If you are interested in learning more about Bitcoin ETFs, I encourage you to join the ZTRADEZ Discord server: https://discord.gg/optionstrading The ZTRADEZ Discord server is a great place to learn about trading, investing, and the cryptocurrency industry from experienced traders. Website: https://www.ztradez.net

"Be Fearful When Others are Greedy". Should we be worried right now with BTC?

All this hype the past few months about spot ETFs, bitcoin setting up nice ahead of its trip to Alpha Centauri, etc. Obviously people are starting to get excited, which I imagine is starting to if not has already been leading to mass accumulations. So is this a time where we should be fearful? Is everything becoming this too good to be true moment? Can we even fathom some black swan event at this stage to happen that catches us all off guard and BTC drops significantly?

Everything and everybody just seems a little too optimistic right now. That's making me a little too worried.