Category: Bitcoin
The analysis published under this category are as follows.
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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Tuesday, March 13, 2018
Bitcoin BTCUSD Elliott Wave View Calling for Rally toward $15,000 / Currencies / Bitcoin
By: ElliottWave-Forecast
Since all time high in December 2017, Bitcoin BTCUSD ( Value in US Dollar ) dropped 70% before finally bottoming around $6590 on the 6th of February 2018. The big decline drove fear into the digital market as many new investors / traders lost their money during that period so they decided to stay away and avoid further losses because the mainstream media was again calling Bitcoin as a busted Bubble even though they were amazed by the Rise of Cryptocurrencies in 2017.
During the recent 2 months , Bitcoin daily confirmed transaction has been dropping significantly hitting 2 years low despite a +90% bounce seen in BTCUSD since February low. Data from different brokers show that current consumer desire to ‘hodl’ on to one’s bitcoins and watch the market, rather than cash out or convert into currencies.
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Friday, March 09, 2018
Riding the Bitcoin Wave / Currencies / Bitcoin
By: Mike_McAra
In a move surprising to some, the SEC has announced that a number of cryptocurrency exchanges must register with the agency. Without naming names, the race has begun to determine if a specific platform meets the definitions put forward by the SEC. As our readers are aware, this is actually not surprising at all. In fact, it is only one small step in a broader trend recognizable in the Bitcoin market. How this specific event translates into the current trading conditions is what’s most interesting from a trader’s perspective. And we have indeed seen one specific change which may influence your profits.
Thursday, March 08, 2018
Is the Bitcoin Bull Market Dead or Just Taking a Breather? / Currencies / Bitcoin
By: Sol_Palha
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.John Maynard Keynes
Despite the heavy beating Bitcoin has taken, the sentiment has not turned bearish, and Bitcoin experts are still enthusiastically issuing wild targets of $100K and beyond.
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Friday, March 02, 2018
Alleged SEC Probe Leaves Bitcoin Market Confounded / Currencies / Bitcoin
By: Mike_McAra
The market is hectic. The attention span of most investors is short. The long-term implications of one particular trend among governments the world all over has far reaching implications for the future of digital currencies. The question now is if this often overlooked factor tells us anything anything about the way the Bitcoin market behaves, the way digital currencies react to unexpected news and how to navigate the current complex short-term environment.
The factor we’re writing about is government regulation and, specifically, the alleged recent move by the SEC to target Bitcoin companies. In a Wall Street Journal article, we read:
The Securities and Exchange Commission has issued dozens of subpoenas and information requests to technology companies and advisers involved in the red-hot market for cryptocurrencies, according to people familiar with the matter.
Sunday, February 25, 2018
Will We See A Cryptocurrency Wipeout This 2018? / Currencies / Bitcoin
By: Science_Investing
Summary
Every cryptocurrency investor and trader must carefully consider the underlying facts to their investment. There are major red flags from a fundamental and technical point of view. Therefore crypto traders and investors should invest only as much as they are ready to loose in case of a total wipeout. Moreover, everyone should critically question expert opinions suggesting to buy cryptocurrencies.
Right now we see a great opportunity to divest at attractive levels. It is highly likely that the situation will change. A total wipeout is not unlikely in the near future.
Friday, February 23, 2018
Vicious Trio Keeps Bitcoin in Chokehold / Currencies / Bitcoin
By: Mike_McAra
The craziness of it. Bitcoin has been storming up and down, from $20,000 to $6,000 and back to $11,000 again. This volatility makes most traders’ stomachs churn, their faces go pale and their palms start to sweat. As if this action weren’t enough, an unknown trader has put their money where their mouth is – all $400 million of it. One can’t help but wonder what in the market justifies such an extreme move. On the Fortune website, we read:
An anonymous trader has sunk $400 million—enough to buy New York state’s most expensive home twice with change left over—into the cryptocurrency, raising his or her stake from 55,000 coins to more than 96,000 between Feb. 9 and Feb. 12. And that buy-in is already paying substantial returns.
Friday, February 16, 2018
Bitcoin as Poison / Currencies / Bitcoin
By: Mike_McAra
The views on Bitcoin among various investors are quite polarized. The whole spectrum includes both people directly owning the cryptocurrency and those who seem to hate it. We have read analyses suggesting that a surprising percentage of hedge fund managers own digital coins. At the same time, Warren Buffett's investment chief, Charlie Munger, called Bitcoin “noxious poison.” Do such words mean that Bitcoin is doomed? In an article on the Guardian website, we read:
Bitcoin is heading towards $10,000 again, despite comments from the US billionaire Charles Munger who described the digital currency as “noxious poison”.
(…)
Speaking at the annual meeting of the US publishing firm Daily Journal, which he chairs, in Los Angeles on Wednesday, Munger said: “I never considered for one second having anything to do with it. I detested it the moment it was raised. It’s just disgusting. Bitcoin is noxious poison.”
Thursday, February 15, 2018
Bitcoin and Crypto Currencies Steady Within Range / Currencies / Bitcoin
By: New_Forex_Trends
In the early parts of 2018, we have already seen a strong injection of volatility in the financial arena as a whole. The VIX volatility index has risen to levels that we have not seen in a very long time, and this is starting to push many new investors out of the stock market space. The clearest alternative at this stage still appears to be the crypto currencies, as they have already been shown to benefit a great deal more from these types of situations.
Most of the analysis tends to pin itself on the trends that are seen in BTC, which has fallen off sharply over the last few weeks. After hitting highs near 20,000 Bitcoin has reversed and erased a large amount of stakeholder value in the process. But this has not eroded market interest, as the crypto space is still one of the biggest volume trading gainers of the last year.
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Monday, February 12, 2018
Bitcoin: Neither a Borrower Nor a Lender Be / Economics / Bitcoin
By: EconMatters
Bitcoin had rocketed from $900 to almost $20,000 in 2017. We discussed why Bitcoin is a really bad investment for any investors and how 20% of Bitcoin owners took out debt in this get-rich-quick gamble.
It could all work out for everyone involved if Bitcoin were to continue its run towards $25,000 or even $60,000 according to some overly zealous predictions. The problem is Bitcoin has crashed to around $8,600 as I write this post today. Central banks like PBOC are moving to tighten oversight of bitcoin exchanges. Banks have banned purchasing bitcoins using their credit cards.
Monday, February 12, 2018
How To Profit From The Bitcoin Bloodbath / Currencies / Bitcoin
By: OilPrice_Com
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Friday, February 09, 2018
Banks Ban Bitcoin Purchases Using Credit Cards / Currencies / Bitcoin
By: EconMatters
Bitcoin was at $15,000 when I wrote this post before Christmas warning against getting involved in the bitcoin or any cryptocurrency market. Bitcoin has crashed to $8,000 today losing about 50% of its value in two months.
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Monday, February 05, 2018
Bitcoin Crypto Currencies Crash 2018, Are We Near the Bottom? / Currencies / Bitcoin
By: Nadeem_Walayat
Bitcoin's $20,000 bubble mania peak of Mid December that valued the crypto currency at $320 billion has long since been left in the dust as Bitcoin has crashed well below $10,000, wiping out $170 billion of the value of participants holdings. All whilst the crypto coin gamblers obsessed by all things block chain have largely remained in a state of denial, focused on bitcoin soaring to over $50,000 despite its real inverse trend trajectory as tends to happen at the end of market manias.
And so it has been the case since I published my opening Bitcoin forecast of the year over a month ago when the crypto was trading at USD 14,000, warning that the Bitcoin price was likely to continue crashing towards $5,000, a forecast that was met with denial from many in the bitcoin community.
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