Category: Bitcoin
The analysis published under this category are as follows.Sunday, October 15, 2017
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin / Currencies / Bitcoin
As I write, bitcoin is currently yet again at an all-time high, now over $5,800 with a $97 billion market cap.
And the cryptocurrency space as a sector is on the cusp of an all-time high as well, sitting at $177 billion, just shy of the $178 billion high hit six weeks ago.
Read full article... Read full article...
Sunday, October 15, 2017
Bitcoin Powers Through To New Highs Near $6,000 While Jamie Demon Talks Trash / Currencies / Bitcoin
The Berwick Champagne curse has been broken.
Every time in the past I posted a photo of me with a champagne bottle after bitcoin had hit a new all-time high, it “crashed”. Or, at least it went down quite a bit before quickly retaking new highs.
Not this time, though! Shortly after posting that bitcoin had surged through $5,000 yesterday it continued on to hit a high over $5,700.
Read full article... Read full article...
Friday, October 13, 2017
Bitcoin Hits New All-Time High Above $5,000 As Lagarde Concedes Defeat and Jamie Demon Shuts Up / Currencies / Bitcoin
Bitcoin has just soared through $5,000 USD for the first time ever topping its old high of $4,950.72 on September 1st.
Read full article... Read full article...
Friday, October 13, 2017
New Record High on Bitcoin! Where to Next? / Currencies / Bitcoin
Summary
Strong bullish trend continuation signal
Several, likely temporary initial targets derived from multiple Fibonacci measurements
Watch for temporary retracements for new opportunity to enter
Read full article... Read full article...
Monday, October 02, 2017
Bitcoin is Not New and Improved Money / Currencies / Bitcoin
Cryptocurrencies are being billed as a new and improved form of money that has been offered to us courtesy of technological evolution. There is a big problem with this conclusion. That is, digital money is not money at all. And proving this truth serves to underscore why gold has been utilized as the best form of money for thousands of years.
In the 2013 film titled “Her,” lonely Theodore, played by Joaquin Phoenix, falls in love with Samantha, an operating system. Despite Samantha’s lack of physical presence, the two have a somewhat normal relationship that includes vacations, socializing with friends, fights and even jealousy. But just as the audience starts buying into this unconventional pairing the plug is pulled on Samantha, and she disappears into a cyberspace vortex; leaving poor and lonely Theodore heartbroken.
Read full article... Read full article...
Friday, September 29, 2017
Is Bitcoin For Real or Fool’s Gold? / Currencies / Bitcoin
How many currencies do you carry in your wallet?OK, I’m showing my age. I actually have a wallet. And I carry it. Mostly.
Inside, you’ll find a couple of credit cards, an odd receipt or two, and greenbacks. I live in the U.S., so I use dollars.
But I also carry my smartphone, and I use Apple Pay wherever possible. I’m not geeking out, I just try to rack up points on my cashback credit card, and tapping my smartphone is a lot easier than dragging out my credit card and dealing with finicky swipe readers.
Read full article... Read full article...
Friday, September 22, 2017
Bitcoin after Extreme Volume / Currencies / Bitcoin
Bitcoin is on the Bloomberg Markets main page again. This is yet another sign of the currency becoming yet another asset class. In the article, we read:
Bitcoin is looking increasingly likely to splinter off again in November, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace.
Major industry players, including the bitcoin investor Roger Ver known as “Bitcoin Jesus” for proselytizing on behalf of the digital currency, say consensus between opposing camps looked increasingly unlikely. That opinion was echoed by some of the biggest mining pool operators and also programmers -- known as “Core” developers -- who were instrumental to developing the infrastructure of the original bitcoin network.
Thursday, September 21, 2017
HODLing Bitcoin Hurricane Max in Acapulco, From One Natural Disaster To The Next / Currencies / Bitcoin
Those who follow me on Facebook know that I reported live this week from Hurricane Max in Acapulco, which luckily just missed our area, as opposed to four years ago today where a tropical storm wiped out some local towns and our anarchist rescue team helped in the recovery.
Read full article... Read full article...
Monday, September 18, 2017
Bitcoin Price Crash 40% In 3 Days Underlining Gold’s Safe Haven Credentials / Currencies / Bitcoin
– Bitcoin price action shows cryptos vulnerable to commentary and government policies
– Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles
– Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows
– BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven
– Apple and Google developing a payment API for cryptos – may give governments full oversight
– Bitcoin and cryptos current volatility and exposure to governments underlines gold’s safe haven status
Saturday, September 16, 2017
Bitcoin Drops After China Ban / Currencies / Bitcoin
Bitcoin is now present in mainstream media. On the Bloomberg Markets website, we read:
Bitcoin fell for a fifth day, the longest losing streak in more than a year, after one of China’s largest online exchanges said it would stop handling trades by the end of the month amid a government crackdown on cryptocurrencies.
BTC China will immediately stop accepting new account registrations on its BTCChina Exchange, Chief Executive Bobby Lee said Thursday in a tweet. The decision was made after “carefully considering” the Sept. 4 announcement by Chinese regulators that outlawed initial coin offerings, he said.
(…)
Tuesday, September 12, 2017
Bitcoin Price Analysis / Currencies / Bitcoin
If Bitcoin breaks below most recent low a deeper correction becomes likely
Summary
Bitcoin forms potential Head and Shoulders Top at resistance of Fibonacci confluence
Breakdown likely leads to a -29% or greater correction
Read full article... Read full article...
Wednesday, September 06, 2017
The Bitcoin Blueprint To Your Financial Freedom / Currencies / Bitcoin
...
Saturday, September 02, 2017
Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength / Currencies / Bitcoin
It feels like I am having financial Déjà vu as I write yet another blog about bitcoin hitting another all-time high! This one is kind of special though!
Our favorite currency just hit $5000 USD!
Read full article... Read full article...
Tuesday, August 29, 2017
Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market / Currencies / Bitcoin
Bank of America Merrill Lynch reported this week that investors had pulled $30 billion from US stock funds over the last ten weeks. And, the latest week of outflows marks the 10th straight week of withdrawals, the longest in more than a decade.
Investors pulling $30 billion from the stock market in the last ten weeks is very interesting as the value of all cryptocurrencies has simultaneously surged by $47 billion in the last ten weeks.
Read full article... Read full article...
Wednesday, August 23, 2017
Bitcoin Price Stalls / Currencies / Bitcoin
The fact that Bitcoin has recently hit an all-time high has already fueled wild speculation in the market and we are now seeing increased interest in the currency. The mainstream media are now full of articles on the meteoric rise of Bitcoin, Bitcoin Cash, Ethereum and the prospects of cryptocurrencies. In an article on Bloomberg, we read:
It seems like everyone is coming up with a price forecast these days, with some of the biggest banks including Goldman Sachs Group Inc. jumping into the action, while speculators to long-time investors are also making their bets.
The consensus is that the biggest cryptocurrency will face some resistance around $4,500 to $4,800 and correct, to then continue rallying. How high? Pantera Capital Management’s Paul Veradittakit, Tom Lee at Fundstrat Global Advisors and John Spallanzani at GFI Group Inc. see it going to $6,000 by year-end, while Ronnie Moas at Standpoint Research says it will keep rising to $7,500 in 2018.
Monday, August 21, 2017
Bitcoin in an Illusionary Age / Currencies / Bitcoin
It is altogether fitting that crypto currencies, in particular Bitcoin, have witnessed a meteoric rise in this illusionary age. Not only has their monetary value gone to dizzying heights, but they are now being touted as the destroyer of the current, crumbling monetary order and the next paradigm upon which a new money and banking system will emerge.
Read full article... Read full article...
Monday, August 21, 2017
Bitcoin & Bitcoin Cash Smash Through $5,000! / Currencies / Bitcoin
Now, I realize I can’t do this forever. I can’t continue for years to combine the value of both Bitcoin and Bitcoin Cash and quote it as a “total value” of bitcoin.
But, considering that it was just 19 days ago that every person in the world who owned bitcoin, if they stored it correctly, also became a new owner of an equal amount of Bitcoin Cash… it is still a very reasonable thing to take note of the two currencies combined price as being the value that the grand majority of bitcoin holders currently hold… or “HODL”, to talk more like the cool kids.
Read full article... Read full article...
Saturday, August 19, 2017
Bitcoin Cash Skyrockets… Is There Something To It? / Currencies / Bitcoin
Friday was mostly a down day for the cryptocurrencies with one big exception.
Read full article... Read full article...
Thursday, August 17, 2017
Bitcoin Hits New All-Time High Over $4,400 As It Catches Paypal In Total Market Cap / Currencies / Bitcoin
One year ago today, bitcoin was trading at $570 USD.
Read full article... Read full article...
Saturday, August 12, 2017
Bitcoin Pushing Higher / Currencies / Bitcoin
The mainstream media are picking up on Bitcoin’s meteoric rise. In an article on CNBC, we read:
Bitcoin will likely outperform stocks and bonds the rest of this year, according to the first major Wall Street strategist to issue a report on the digital currency.
"I think bitcoin is an underowned asset with potential for huge institutional sponsorship coming," Fundstrat co-founder Tom Lee said on CNBC's "Fast Money" Wednesday.