Category: Bitcoin
The analysis published under this category are as follows.
Sunday, June 18, 2017
The US Government Clamps Down on Ability of Americans To Purchase Bitcoin / Currencies / Bitcoin
By: Jeff_Berwick
You have to feel sorry for Americans. They are some of the most financially enslaved people in the world.
The bankrupt US government has been instituting capital controls for years now and have ensured that Americans can’t open a bank account nor even a bitcoin exchange account outside of the US through things like the Foreign Account Tax Compliance Act (FATCA) and just outright threatening to attack any bank or bitcoin exchange in the world who accepts Americans as clients.
This leaves Americans in the “land of the free” with very few options for bitcoin exchanges.
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Thursday, June 15, 2017
The War On Cash Is Now Becoming The War On Cryptocurrency / Currencies / Bitcoin
By: Jeff_Berwick
The US government is the most bankrupt government in the history of the world. At $19.9 trillion, nothing even comes close. The next closest are the EU and Japan with approximately $9 trillion in debt… not even half as much as the US!
And, when you add up all US government debt and liabilities - which are things already spent but which need to be paid for in the future - it works out to somewhere between $100 and $200 trillion.
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Thursday, June 15, 2017
The Pros and Cons of Bitcoin and Blockchain / Currencies / Bitcoin
By: Rodney_Johnson
In October 2015 we held our Irrational Economic Summit in Vancouver. The weather was awesome, and the conference went well. Part of the final session was a Q&A with Harry Dent, myself, and Dr. Lacy Hunt.At one point, an attendee asked about bitcoin.
I told the audience in no uncertain terms that bitcoin was effectively dead. Whether it died a quick death or lingered for years, the cryptocurrency could not survive because governments would not allow it.
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Wednesday, June 14, 2017
Bitcoin Price Corrects / Currencies / Bitcoin
By: Mike_McAra
Bitcoin is now a lot more popular among mainstream investors than it was only a couple days ago. This is perhaps evidenced by the fact that the digital currency made its way to Bloomberg Markets homepage. In the short piece we read:
Bitcoin rose as much as 5.8 percent to an all-time intraday high of $2,999.98. The virtual currency has tripled its value since the beginning of the year amid greater acceptance of the blockchain technology that underpins the exchange method, global political uncertainty and increased interest in Asia. Skeptics have said that there may be a bubble in the making as bitcoin has repeatedly broken records without showing signs of slowing.
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Wednesday, June 14, 2017
Bitcoin Is Mania And Not A Store of Value… I Sold-Out Last Week / Currencies / Bitcoin
By: John_Mauldin
By Stephen McBride : The price of Bitcoin has risen by 210% since March to over $2,900… and one of the world’s most successful investment strategists is warning investors to stay away.
Speaking at the Mauldin Economics’ Strategic Investment Conference, Raoul Pal—author and publisher of The Global Macro Investor, an elite macroeconomic and investment research service—said Bitcoin’s explosion upward is mania.
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Tuesday, June 13, 2017
Can Ripple catch the rally of Bitcoin & Ethereum / Currencies / Bitcoin
By: ElliottWave-Forecast
Ripple is the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. It’s distributed financial technology allows banks to efficiently settle transactions in real time. An alternative to today’s global payment infrastructure, Ripple eliminates time delays and ensures certainty of settlement, resulting in lower transaction costs for banks and their customers and unlocking new revenue opportunities.
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Saturday, June 10, 2017
Is 2017 The Year Of The Bitcoin? / Currencies / Bitcoin
By: Boris_Dzhingarov
2016 was a huge year for Bitcoin. There were not many that predicted that the cryptocurrency was going to double in value. The common prediction was a top point of around $800. With this in mind, what will 2017 hold for BTC? Read full article... Read full article...
Wednesday, June 07, 2017
Bitcoin Hits New All Time High Near $3,000 As Cryptos Surpass $100 Billion Market Cap / Currencies / Bitcoin
By: Jeff_Berwick
Are we witnessing the biggest wealth transfer in human history? A case can certainly be made for it.
One year ago, cryptocurrencies as a sector had a market capitalization of only $11 billion. Looking back even further, four years ago, the entire sector including bitcoin had a market capitalization of less than $1 billion.
As of today, it has surpassed $100 billion.
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Wednesday, June 07, 2017
Bitcoin Price Appreciates Again / Currencies / Bitcoin
By: Mike_McAra
Bitcoin is creeping into the mainstream press. Last week, the digital currency was in the center of an article in the Economist. In the article, we read:
Markets frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months. Anyone clever or lucky enough to have bought $1,000 of bitcoins in July 2010, when the price stood at $0.05, would now have a stash worth $46m. Other cryptocurrencies have soared, too, giving them a collective market value of about $80bn.
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Friday, June 02, 2017
Ethereum Showing Elliott Wave Path for Bitcoin Price / Currencies / Bitcoin
By: ElliottWave-Forecast
Ethereum is an open-source blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a crypto-currency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed.
Thursday, June 01, 2017
Bitcoin is in Consolidation of Uptrend / Currencies / Bitcoin
By: Franco_Shao
After hitting a new record of 2737, BTCUSD dropped sharply to as low as 1737. However, the fall would possibly be consolidation of the uptrend from 905. There is an ascending trend line from the March 25 low of 905 with support at around 1600 on its daily chart. As long as the pair is above the trend line, the price action from 2737 could be treated as consolidation of the uptrend and another rise could be expected after the consolidation.
Tuesday, May 30, 2017
Bitcoin Price Sees Most Important Action in Years / Currencies / Bitcoin
By: Mike_McAra
Bitcoin is right after a period of pullback from the recent all-time high. Is this move only a temporary correction or a beginning of a more sustainable move down? In an article on CNBC, we read:
Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency's price fall almost 19 percent from its recent record high.
On May 24, bitcoin hit an all-time high of $2.791.69. But on Monday, the digital currency was trading at an intra-day high of $2,267.73, marking a more than $520 drop or 18.7 percent decline since the record high, according to data from CoinDesk.
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Tuesday, May 30, 2017
What Happened to Bitcoin? / Commodities / Bitcoin
By: GoldCore
- Bitcoin hits $2,700, a 500 fold increase in five years and doubling in price since May 1st.
- Previous surges – in 2011 and 2013 – have been followed by dramatic crashes
- Significant premiums seen in Asia, over USD price
- Total cryptocurrency market cap reached over $90bn, last week
- Market remains small and volatile
- Comparisons between bitcoin and gold are old, invalid and misleading
- Both bitcoin and gold offer opportunities to diversify away from corrupt financial system
Friday, May 26, 2017
Shari’ah-Compliant Crypto Gold: Could Islam Be Preparing for a New World Reserve Currency? / Currencies / Bitcoin
By: HAA
Shannara Johnson writes: It all started pretty harmlessly: in December 2016, after about 12 months of deliberations, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council announced a new “Shari’ah Standard on Gold.”
The new standard was celebrated as a potentially big boost for global gold demand as it would give more than 2 billion Muslims in the world access to gold-based financial products that were previously forbidden to them.
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Friday, May 26, 2017
Bitcoin and AltCoins Crypto Price Correction / Currencies / Bitcoin
By: Jeff_Berwick
I don’t know whether I have been uncannily prescient at predicting where the cryptocurrency market is going… or if I am causing all of the things I am predicting.
It’s a serious question. It seems that when I say I expect a cryptocurrency to go higher it immediately spikes massively higher right after.
And, yesterday, I said that a pullback in bitcoin and the altcoins was not only to be expected but was a healthy thing after such a massive run-up.
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Thursday, May 25, 2017
Bitcoin Price Goes Loco! Surges through $2,500 Despite Unclear Fork Issues / Currencies / Bitcoin
By: Jeff_Berwick
It seems like barely a day goes by without bitcoin rising $100, $200 or more.
It was only three weeks ago that we trumpeted that bitcoin had hit a new all-time high above $1300.
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Sunday, May 21, 2017
Bitcoin Breaks the $2,000 Mark as Cryptocurrencies Continue to Explode Higher / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has just broken through the $2,000 level according to the CoinDesk Price Index.
Of course, we’ve been talking about it since it was $3 in 2011.
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Thursday, May 18, 2017
WannaCry Ransomware Virus Is a Globalist False Flag Attack On Bitcoin / Currencies / Bitcoin
By: Jeff_Berwick
Here’s something I’ve been learning. If something innocuous comes out of nowhere and all-of-a-sudden is covered by the mainstream Fake News media as though it is the apocalypse… it’s all planned and done for a reason.
On May 12th, the “WannaCry” ransomware attack was covered widely in the mainstream media, immediately proclaiming it to be the “the worst cyber attack of all time.”
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Thursday, May 18, 2017
Is This Bitcoin’s Fatal Flaw? / Currencies / Bitcoin
By: John_Rubino
Bitcon has been rocketing higher lately, as it gains widespread official approval and more people figure out how to use it.
As the first of its kind to emerge, bitcoin has become synonymous with “cryptocurrency”. But lately it’s been joined by a lot of others – which together now account for more than half of the cryptocurrency ecosystem:
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Tuesday, May 16, 2017
Bitcoin Price Corrects from Top / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
A hacker attack has swept across the globe encrypting user files and crashing corporate services. In an article on CoinDesk, we read:
Extortionist hackers who may be using leaked computer exploits from the U.S. National Security Agency infiltrated computers in dozens of countries in a fast-spreading attack that forced British hospitals to turn away patients and breached systems at Spain’s Telefonica SA and organizations from Russia to Taiwan.