Category: Bitcoin
The analysis published under this category are as follows.
Friday, May 11, 2018
Bitcoin Simmering Slowly... / Currencies / Bitcoin
By: Mike_McAra
The situation in the market has become one where Bitcoin is trading on relatively low volume without major moves. But the currency is in a very important place. Actually, Bitcoin is simmering slowly. Will it boil? Will this increase the profits on our hypothetical positions?
The Bitcoin market has its undeniable quirks. From the wild volatility of the currency, to a community of developers supporting it, to the fact that Bitcoin can be put in vaults. Putting Bitcoin in “cold vaults” usually means transferring the currency to a storage device without any access to the Internet or any outside networks. But sometimes Bitcoin is put in actual vaults. In an article on Bloomberg, we read:
Behind the guards, the blast doors and down corridors of reinforced concrete, sit the encrypted computer servers -- connected to nothing -- that hold keys to a vast digital fortune.
Friday, May 11, 2018
Amazon Patents Orwellian Tech Allowing Police To Track Bitcoin Transactions / Politics / Bitcoin
By: Jeff_Berwick
Corporatist retail giant Amazon.com has received approval from the United States Patent and Trademark Office for a technology allowing police to track Bitcoin transactions.
As reported by CNBC, the patent--filed by Amazon Technologies--will "correlate different data streams and sell the combined feed as a subscription to people who want to track that data."
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Tuesday, May 08, 2018
Bitcoin is Bitcoin / Currencies / Bitcoin
By: Submissions
Mike Jarmuz writes: Someone once tried to sell me a used Rolex for $500 when the fair market value of this “Rolex” would be around $4,500. The watch said Rolex, it definitely looked like a Rolex and for someone who never had worn a Rolex before….. I guess it also felt like a Rolex. But… this watch was definitely NOT a Rolex and I thankfully did not make this purchase. This is pretty much the analogy for anyone buying Bitcoin Cash today and thinking it’s Bitcoin. It looks like Bitcoin, it may feel like Bitcoin and somehow there are people out there who refer to it as “the real Bitcoin.” I mean after all, Bitcoin.com has multiple PSA references and warnings about it. Unfortunately, they aren’t warning you (to your benefit) at all. They are one of the biggest proponents in the spreading of misinformation. The whole damn website is lousy with inaccurate and downright factually incorrect information. But why? Why would Bitcoin.com along with a handful of other “bad actors” try and doup the public?
Wednesday, May 02, 2018
Bitcoin and Friends: The Next Five Years/The Coming DEX-verse / Currencies / Bitcoin
By: Mark_Blair
Remember when Bitcoin was anonymous?
Remember when ASICs were The Big Noo Thing?
Remember when it hadn’t occurred to us that (centralised) exchanges might pass our data to Tax Departments?
Saturday, April 28, 2018
Has Bitcoin Been Shot Down? / Currencies / Bitcoin
By: Mike_McAra
Another week, another outrageous prediction for the price of Bitcoin. We just saw a forecast at more than 75 times the current value of the currency. The figure is $700,000. Is Bitcoin really about to take off to the Moon or has it been shot down?
The honest answer is that nobody can say this with certainty. It’s probably not the answer you expected but we are more interested in giving you accurate information than false enthusiasm. Before we give you our view on the matter, let’s get to know the $700,000 claim. In an article on the Fortune website, we read:
John Pfeffer, a partner at his London-based family office Pfeffer Capital, is not only betting on Bitcoin, but giving it a bold price target of $700,000—about 75 times the current Bitcoin price of nearly $9,500.
Friday, April 27, 2018
Blockchain Thrives in Online Gambling / Currencies / Bitcoin
By: Boris_Dzhingarov
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Friday, April 20, 2018
What’s Bitcoin Really Worth? / Currencies / Bitcoin
By: Mike_McAra
What’s Bitcoin really worth? This question might really drive you mad if you think hard enough about it. $0? $10? Maybe $1,000,000 for one coin? The range of the numbers can make your head spin but it is the explanation behind the number that matters. For the most part, investors don’t have a good reason why Bitcoin is worth this or that, apart from claims that “it will take over the world” and so on. This hasn’t stopped people from trying, though. Is it even important for short-term traders? Can it boost profits on our hypothetical positions?
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Thursday, April 19, 2018
Bitcoin Hater George Soros Finally Admits He Wants In On Crypto / Currencies / Bitcoin
By: Jeff_Berwick
America’s favorite power broker, the evil bloated Ringwraith himself, George Soros, is now poised to invest in cryptocurrency, despite trashing Bitcoin just a few months ago.
In addition to calling Bitcoin a “bubble”, Soros ironically stated that digital currencies are a tool for dictators:
Read full article... Read full article...As long as you have dictatorships on the rise, you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad.
Monday, April 16, 2018
Will Bitcoin Ever Recover? / Currencies / Bitcoin
By: Submissions
With a value of $137 billion, Bitcoin remains the largest cryptocurrency on the market. When it performs well, the others follow suit and when it drops so do they. The road has been a rough one for the currency in recent times reaching ultimate highs and all-time lows. But, will Bitcoin ever recover?
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Friday, April 06, 2018
Bitcoin Not Quite Worthless, Potentially Profitable / Currencies / Bitcoin
By: Mike_McAra
Is Bitcoin worthless? Depreciation brings such questions as it has in the past. Bitcoin traders might be worried by such statements. But should they be anxious? In the whirlwind of opinions, we can find a theme which might allow profits on our hypothetical positions to grow even further.
The fact that Bitcoin is going down prompts all sort of analyses to come out. No big surprise that some of them are pretty bearish. In a piece on CNBC, we read:
Bitcoin is likely to fare worse than other assets in the coming months because it has no fundamental worth, an investment research firm said in a note Thursday.
London-based Capital Economics explained that the cryptocurrency has been quite closely correlated to the S&P 500 since the price started to fall from its record high at the end of last year.
Wednesday, April 04, 2018
Is Bitcoin a Substitute for Gold? / Currencies / Bitcoin
By: Arkadiusz_Sieron
John Maynard Keynes once famously called gold the “barbarous relic”. The emergence of the cryptocurrencies seems to validate that thesis. Will gold survive in the digital era?
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Wednesday, March 28, 2018
Bitcoin Elliott Wave Analysis Looking for Short Term Recovery / Currencies / Bitcoin
By: ElliottWave-Forecast
Bitcoin Elliott Wave Analysis in the short term is showing an interesting corrective structure suggesting a recover to take place after it finishes the current move.
The digital instrument is correcting the cycle from 03/18 low in 3 waves as a Zigzag structure which reached the 100% – 161.8% Fibonacci extension area $8093 – $7520 from where it’s expected to resume a new cycle to the upside or at least bounce in 3 waves as long as it remain above $7320 low.
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Tuesday, March 27, 2018
Staying Away from the Bitcoin Crypto Bubble / Currencies / Bitcoin
By: Harry_Dent
The crypto ship is sailing in rough seas at the moment. My advice? Stay away for now. Preserve your capital for after the major crash, and then pick winners from the bones.The bitcoin and cryptocurrency trends seem to be following the path the internet took back in the very late 1990s. That bubble came at the end of the tech bubble, and expanded by more than 8 times between late 1998 and early 2000. Then it crashed 93%.
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Friday, March 23, 2018
One Change the Bitcoin Posse Is Unlikely to See / Currencies / Bitcoin
By: Mike_McAra
“Bitcoin will reach the moon,” they said. “$20,000 is only the beginning,” they pressed. The harsh reality of the recent move is that appreciation has been nowhere in sight. Harsh, that is, if you haven’t been positioned properly. Are Bitcoin traders bound to be left with their teeth clenched, watching Bitcoin fluctuate? No. There’s a possibility for some to grow the profits they already have on specific positions and for others to jump in during the next part of the move.
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Tuesday, March 20, 2018
Bitcoin, Verge, Ethereum and Ripple - The Crypto Market Conundrum / Currencies / Bitcoin
By: Avi_Gilburt
By Ryan Wilday : In my last article I stated that we had the potential for a lasting bottom in the crypto market, starting with a low in most coins on February 6th. However, in that article I also gave the conditions for that bottom to fail.
Those conditions, unfortunately, became reality. We have since seen both Ether and Verge, highlighted in that article, slide to new lows below the February 6th low. Bitcoin and Ripple did not fall below their February 6th levels, but did confirm the unlikelihood of that low marking the beginning of an impulsive wave.
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Monday, March 19, 2018
Can Bitcoin Price Rally Continue After Paypal Fake FUD Attack? / Currencies / Bitcoin
By: Nadeem_Walayat
The Bitcoin price has bounced back strongly after it's recent wobbly following the apparently fake PayPal 'Fear, Uncertainty and Doubt' FUD attack last Friday with the price recovering from a recent low of $7,350 to currently stand at $8,400, that has the Bitcoin community breathing a huge sigh of relief believing today's rally to mark the end of the pain of the past 3 months that has witnessed the Bitcoin price collapse from a high of $20,000 to a low of $6,600.
Sunday, March 18, 2018
Putin Flip-Flops Like A Drunken Whore On Bitcoin Cryptocurrency Legalization / Currencies / Bitcoin
By: Jeff_Berwick
Whenever I am asked, “How should governments treat cryptocurrencies” my general response is the following. Who cares?
You might as well ask me what the Japanese Yakuza or Mexican cartels should do about cryptos. I don’t really care.
Not that the Yakuza or the cartels are anywhere near as bad as governments. I apologize to them both for even making that insulting insinuation.
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Saturday, March 17, 2018
Bitcoin Price Trend Forecast, Paypal FUD Fake Cryptocurrency Warning / Currencies / Bitcoin
By: Nadeem_Walayat
Before we get to my technical take on the prospects for the Bitcoin price, apparently the crypto currencies were subject to a FUD attack on Friday, where FUD stands for 'Fear, Uncertainty and Doubt', that seems to be the automatic response of the crypto crowd to any bad news. So what happened to trigger this avalanche of FUD panic? Well Friday morning warnings popped into the email box of millions of PayPal customers including myself warning of dire consequences if we did not " Cease any activity that results in the trading or transfer of cryptocurrency", the full text of which follows below:
Friday, March 16, 2018
Has Bitcoin Bought It? / Currencies / Bitcoin
By: Mike_McAra
Punch-drunk from a series of crunching blows, dazed and confused, staggering for the ropes. It’s hard not to get the image of Bitcoin being pummeled by the market, getting the wind knock out of it. But is this picture true? Instead of focusing on what swirls around in the media, a cautious investor would instead reach out for what might drive their profits.
Google has moved to ban Bitcoin-related adds. This shouldn’t be particularly surprising, given the fact that there’s been precedent in the form of Facebook pursuing similar actions. In an article on CNBC, we read:
Bitcoin prices briefly fell below $8,000 on Wednesday following news that Google, the world's largest online ad provider, plans to ban cryptocurrency advertising.
Facebook, the second largest online ad provider, took similar action in January.
Friday, March 16, 2018
PayPal Cease Trading Crypto Currency Bitcoin Warning Email Sophisticated Fake Scam? / Currencies / Bitcoin
By: Nadeem_Walayat
A warning popped into my email in box from PayPal a few hours ago, warning of dire consequences if I did not " Cease any activity that results in the trading or transfer of crypto currency". the full text of which follows below:
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